Ep.48 – How to Make a Passive Income without Renters, Rehabs, Renovations or Rodent with Mark Podolsky

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What you’ll learn in just 17 minutes from today’s episode:
  • Get a walk through on how to turn raw land into monthly passive income
  • How to overcome the hurdles in raw land investing
  • Learn the art of engineering geeky systems that create, grow, and protect your cash flow

 

Summary

Mark Podolsky is the author of “Dirt Rich” and has completed over 6,000 land deals since 2001. He is also known as the Land Geek and the host of the Art of Passive Income Podcast.

In this episode,Mark shares his expertise in this interesting strategy of investing in raw land.

Dig in and find out exactly how he does it and how he manages to get returns on his money very quickly.

Topics Covered:

01:43 –  How he got started in investing in raw land

04:11 – How does he earn big time at the same time have a quick return on investment

09:02 – How long did it take him to create an efficient system at what he does

12:32 – On helping others actualize Maslow’s hierarchy of needs

13:25 – Biggest mistake people commit when buying a raw land

15:02 – What could be his unfair advantage over others

17:23 – One valuable actionable tip for everyone: “Look where other people are buying a raw land and start there.”

Key Takeaways:

“So what I would do is I would sell partial on that note. So 12 months of the cash flow to an investor, I get my money out or I make a profit, I redeploy it, but I get two bites of the apple because then that note reverts back to me after 12 months. And I’m getting that beloved passive income back into my portfolio.” – Mark Podolsky

“So I wish land investing were a little more simpler as far as like, that first step is going to be County research. So there’s 3,007 US Counties. I would say, look where other people are buying raw land and start there. That’d be worth checking out. I know it’s counterintuitive. You’d think, well, I don’t want to go where there’s any competition. There’s really no competition.” – Mark Podolsky

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Ep.47 – Profiting from Unpaid Property Taxes with Ted Thomas

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What you’ll learn in just 17 minutes from today’s episode:
  • Why it may be a good idea to invest in tax lien and tax deed properties even when you are busy with your current real estate investing business at the moment
  • How and where to buy properties at auction, the easy way
  • How to go about buying tax lien and tax deed properties online the secure way

 

Resources/Links

www.TedThomas.com

Summary

Most people consider Ted Thomas America’s Tax Lien Certificate and Tax Deed Authority. Since 1989 Ted has been teaching and guiding newcomers and serious-minded investors how to make money with safe, secure, and predictable tax lien certificates.  

In this episode, Ted expertly articulated how to go about investing in tax lien and tax deed type of real estate property investing, that it’s not as hard as you might seem to see it. Find out more how you can leverage on this strategy depending on what type of investor you are, be it a conservative or entrepreneurial one. 

Topics Covered:

01:12 –  How he transitioned from being a pilot to a real estate investor

02:46 –  What is a tax-defaulted property, tax lien, and tax deed

04:54 –  Why tax lien is for conservative investors and tax deed is for entrepreneurial ones

07:40 –  The challenge of people not knowing about auctions being held 

09:23 –  Is it lucrative to buy tax liens in parts of Canada

10:29 –  How can one from other countries buy tax lien in Florida by way of an online transaction

11:03 –  Giving a picture on how to do it online

12:38 –  How does this strategy fit into one’s current real estate investing business

13:40 – Is buying tax lien and tax deed properties a good idea to flip them 

14:47 –  What are the common mistakes investors have when they get started in tax lien and tax deed properties

16:35 –  What is a good amount of capital to get started with this kind of business

Key Takeaways:

“Well, first of all, that you could actually buy tax liens in parts of Canada. But the challenge is this, to my knowledge, unless they changed it in the last year since I’ve been teaching there, I’m going to tell you the highest rate I’ve ever seen in all of Canada is 3%. So, why would you want to get involved in 3% when in Florida you can make 185,  I could make 24% in Chicago, Illinois tax certificates pay 3% a month. That’s 36% a year. So my Canadian clients and I have hundreds of them all buy in the States.” – Ted Thomas

“I have clients all over the English speaking world buying here and there in Florida and all over the States. I teach my Canadian clients, just let us give you some exposure to it and we’ll put you online to do this, and you’re going to say, Oh, but I don’t want to use the computer. We can show them how to use the computer and buy it. I have clients all over British Columbia, Alberta, and all over Ontario already doing this now and I’m talking about people that are making six figure incomes doing this business in the States.” – Ted Thomas 

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Ep.46 – Mobile Home Park Investing with Frank Rolfe

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What you’ll learn in just 17 minutes from today’s episode:
  • Learn why you need to invest in mobile home parks
  • Discover why mobile home parks are all about “affordable housing”
  • Know how you can harness the affordable housing trend

 

Summary

Frank Rolfe has been an investor in mobile home parks for almost 30 years, and has owned and operated hundreds of mobile home parks during that time. He is currently ranked, with his partner Dave Reynolds, as the 5th largest mobile home park owner in the U.S., with over 250 communities spread out over 25 states.

Along the way, Frank began writing about the industry, and his books, coupled with those of his partner Dave Reynolds, have become leaders in this niche of commercial real estate investing.

In this episode, Frank talks about the investing potential in mobile home investment and why you should invest in mobile home parks.

Topics Covered:

01:29 – Frank’s transition  from the billboard business to mobile home park investing, why he chose mobile home park as his real estate investing choice, the potential for affordable housing

04:01 – Expensive housing versus mobile home parks, what people do not know about the mobile homa park industry

04:41 – Frank’s unfair advantage in real estate, how his billboard advertising background and being a ‘workaholic’ helped him succeed

06:25 – What are the typical challenges he experienced in mobile home park investing

07:39 – The problems he solves for his students, how he teaches them to get to mobile home park investing

08:15 – Why mobile home park is a great investment in terms of financing and returns

09:25 – What’s an average mobile home park deal looks like in terms of number of units, pads and finance, the price point for buying one mobile park property 

12:52 – Why Canadians should love mobile home park investing: Higher cap rates.

14:52 –  Frank Rolfe best tip: ‘Think of a man of action, act like a man of thought.’

Key Takeaways:

“I love the fact that affordable housing is a big thing right now in the US. So if we were all getting super prosperous, you would need mobile home parks. But I’m a believer that we’re going down the drain. So the demand for affordable housing grows every day.” – Frank Rolfe

“Our unfair advantage probably is we’ve been doing this for so long. There’s so many people, every park that we buy, we can put it in a box based on past parts, we can just almost guess, from before we buy it exactly how it will turn out. So that’s probably our entry badges.” – Frank Rolfe

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Ep.45 – The Most Common Mistakes Real Estate Investors Make with Gary Wong

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What you’ll learn in just 17 minutes from today’s episode:
  • Which are the ‘hot’ markets to invest in now
  • Tips on how to find a really good realtor
  • One unique way of establishing authority (other than handing out business cards)

 

Summary

Gary Wong is an award-winning real estate professional and author of “The Book on Vancouver Real Estate”. He specializes in luxury home marketing and sales and helps investors build wealth through establishing real estate portfolios.

In this episode, Gary talks about being a realtor as well as a real estate investor. You will learn how to add more value to clients that will help strengthen your branding and positioning.

Topics Covered:

01:06 – How he became a realtor and eventually a real estate investor at the same time and what strategy he uses

04:17 – What types of investors does he come in contact with

05:25 – What reason do investors have for choosing Vancouver

07:12 – How to find a good realtor

09:23 – What steps should be done to find a good realtor

10:51 – What lessons did he learn from his mentor,Dan Lok, that helped him catapult things up

13:02 – Talking about his book entitled “The Book On Vancouver Real Estate: How To Buy It, Sell It, And PROFIT From It! by Gary Wong  

15:54 – How he managed to really do well with YouTube

Key Takeaways:

“I think when it comes to finding a good realtor, there are different types. One, like if you’re looking specifically for buying, then you want a realtor who knows how to do analysis quite well. They know their numbers, they know their economic fundamentals, they know which areas are great and which are not, and then they must have high level of customer service.” – Gary Wong

One step in looking for good realtor: “I would ask for referrals, but also I would interview them and then I would do my own due diligence. I find that realtors who are quite well branded online, it shows me that they take pride in what they do and that they’re not just helping their friends buy or sell real estate.They actually are doing this long-term. They give off a good first impression if they have good marketing,though it doesn’t guarantee that they’re going to be a great realtor for you.” – Gary Wong

“Well, I use my book as my business card in real estate. A lot of people just hand out their business cards and you and I know that business cards often get thrown away. So, Dan was telling me, Gary, when you use your book, it gives you the authority status. People aren’t going to throw away your book, so use your book as an authority, like as a business card.” – Gary Wong 

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Ep.44 – Achieve Success in 5 Minutes a Day with Karen Briscoe

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What you’ll learn in just 17 minutes from today’s episode:
  • How limiting and restricting your time makes you more successful
  • What is a 5-minute success as far as real estate investing is concerned
  • Tips on how to find the best realtor to keep you ahead in the real estate game

 

Summary

Karen Briscoe is Principal of the Huckaby Briscoe Conroy Group (HBC) and author of “Real Estate Success in 5 Minutes a Day”. Over the years, the group has sold over 1,000 homes valued at over $1 billion. She began her real estate career in developing residential lots with the Trammel Crow Company in Dallas, Texas.

In this episode, Karen talks about success in just five minutes. Let your limiting belief that you don’t have time to do anything be thrown away and learn how getting started is the first and only step towards success. Karen has tips and tricks that you can leverage upon.

Topics Covered:

01:14 – How she became a realtor

02:40 – Why limiting and restricting your time makes you more efficient and effective

04:27 – Getting into the five-minute success

06:15 – What does a five-minute success look like

10:26 – The whole idea of getting started

12:30 – How to find a great realtor who can help in your investment property

15:54 – Thoughts on just wasting time and not pulling the trigger

Key Takeaways:

“So one way to jumpstart or get people into productivity is to limiting and restricting the amount of time you do something. So then the idea, I don’t have enough time goes away. So that’s where the idea of five minutes success.” – Karen Briscoe

“So, anything that’s repeatable then can be systematized. You can create leverage off of it. So what I found is, there’s really three core principles. And then one overarching, the first one is commit to get leads. So every business or enterprise, entrepreneur sales all starts with a lead even investing. So it all starts with a lead.” – Karen Briscoe

“Reinventing wheels is not really a great strategy if you’re doing it your first time. You can get creative later. In the beginning, It’s usually best to find a proven strategy and follow it. So, start there and then commit to a certain number that you’re going to do daily, weekly, monthly, quarterly, whatever it is that you will commit to.” – Karen Briscoe

“Tracking is one of the most proven ways of success. And by tracking your business, you develop lead generation, your investment leads that you’re tracking, you will then start to see patterns of success, where your best leads come from, where your best opportunities come from, what you can convert the easiest.” – Karen Briscoe

On finding a good realtor: “So, to look for somebody who actually invest in themselves, it’s just like anything, it’s like, would you really go to a workout with a trainer who was fat? I mean, it really is counterintuitive. So if they’re not invested in themselves, they don’t believe in it and they haven’t actually gone through what is involved.” – Karen Briscoe 

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Ep.43 – Millennial Investing and Raising Capital on Social Media with Sarah Eder

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What you’ll learn in just 17 minutes from today’s episode:
  • Find out more how a millennial with no portfolio, no track record, and no starting capital would be highly successful in real estate investing.
  • Learn the practical and effective techniques she used and start growing your 7-figure portfolio.
  • Know the best social media platform to use to attract investors and raise capital.

 

Summary

Sarah Eder is the owner and CEO of Sarah Eder Investments; a firm focused on flips, multi-family properties, and lately larger-scale developments and commercial conversions. Relatively new to the real estate game, Sarah left her role as an international professional athlete only three years ago to dive into real estate and has managed to raise well over 7-figures of capital in that short time. She specializes in joint venture partnerships and has funded an entire portfolio using none of her own money; and is now a full-time investor, coach, and mentor.

This episode illustrates how the new generation of millennials changes and impacts old ways, even in real estate investing. Let Sarah tell us how she used social media to attract investors and raise capital. Definitely, it’s not all about posting a picture of yourself and your property.

Topics Covered:

00:31 – Sarah shares her sport as a professional athlete before venturing into real estate investing 

01:39 – What made her decide to go into real estate investing

03:16 – Narrating how she started property management for student rentals

05:41 – Sarah tells how she used social media to attract investors and raise capital without getting into trouble with the trade commissions

08:17 – The best social media platform to start with

09:55 – Other social media platform that Sarah suggests to use

10:57 – How often to post contents on Facebook

11:34 – How to turn a stranger to be a partner investor

15:14 – Sarah offers coaching and training to intermediate-level investors

15:57 – Ways to connect and contact Sarah

16:47 – Biggest mistakes that Sarah sees to people trying to raise capital using social media

Key Takeaways:

“Frequency on social media matters a lot. Sometimes it’s not always what you’re saying, but even to get Facebook’s algorithms working properly so that enough people can see your content. They want to see that you’re posting, I say at least five days a week. So even if you can get into like a Monday to Friday posting schedule, you’ll start to boost and get Facebook working for you.” – Sarah Eder

“I would say that the biggest mistake I see people doing is not getting clear on what they’re posting. Some people think that they can show up every day and post a picture of themselves or property. And that’s going to be enough for people to reach out to them and be interested. But you have to have a bit of a purpose to what you’re posting. You have to think through the eyes of the investor.  What would they want to see from me in order for them to say, this is the person I want to work with?” – Sarah Eder

“I generally suggest spending time, in the beginning, developing a really powerful like brand and self-identity, so you know where you’re going with your social media strategy.” – Sarah Eder

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