Pursuit of Property Podcast

Today, we welcome Martin Chojanki on the podcast to share his story of the American Dream. Originally from Poland, Martin made the life-changing decision to move to the United States right after completing high school. It was a leap of faith that opened up a world of opportunities. Martin’s background is quite diverse - while his heart initially belonged to professional tennis, he eventually transitioned into coaching. Along the way, Martin took on a variety of jobs, from house painting to accounting, and even managed offices and construction projects. Today, Martin’s life is all about embracing physical challenges. He’s fallen in love with ultra running and the majesty of the mountains. He has also dived into hybrid athlete training and proudly completed an Ironman race with our co-hosts. But what truly fuels Martin’s passion is inspiring others to become better human beings through health and fitness. It’s his way of giving back and making a positive impact on the world.

Back in Season 3, we held a 7-episode series focused on buying rental properties out of state. We’ve gone from buying 9 units in less than a month, to now having 5 properties in our portfolio. “Not Always Sunny in South Bend” and “Our Biggest Loss Yet” have shared some of our biggest losses from our rental properties in South Bend, Indiana. However, in today’s episode, we are excited to share our biggest win yet from our portfolio.

Join us as we do a deal breakdown of our most recent refinance on 1618 Chapin St in South Bend, IN. We take you from start to finish on how we bought the property, how we implemented the BRRR strategy, and how our final numbers turned out. If you have any questions on buying cash-flowing rental properties out of state, please reference our prior episodes and reach out to either of our co-hosts!

Today we welcome a familiar face - David Keller with NEXA mortgage - back on to the podcast. As real estate professionals, we have seen how the changing market has directly affected our pocketbooks (whether it was positive or negative). As a result, our emotions also often follow this rollercoaster that is real estate. In today’s discussion, David dives into the intricacies of personal evolution and career triumphs. He unearths the real estate industry’s enigmas, grasps the importance of authentic relationships, and tackles adverse work environments with practical remedies. Throughout our discussion, we explore the essence of work-life harmony and the rejuvenating role of active rest. If you’re striving for equilibrium or facing burnout, find solace, tactics, and a community that understands the hustle in today’s episode.

You can find David on Instagram @dkellerandco.

Henry Resendez III isn't just any entrepreneur; he is a visionary who sees opportunity where others see devastation. As the founder of Third Power Construction, Henry takes on the aftermath of catastrophic fires, meticulously restoring properties and turning charred remains into dream homes. With a deep understanding of insurance repairs, his team ensures each restored dwelling stands not only as a testament to resilience but also as a structure stronger and better than before.

But Henry's journey in the world of real estate doesn't stop at reconstruction. With Hemi Investments, he delves deep into the thriving Central Valley market, breathing new life into properties with expertly executed fix & flips and strategically planned buy & holds. Every property isn't merely a purchase; it's a calculated venture, brimming with potential.

In this episode, immerse yourself in Henry's world. Learn the art of transforming fire-ravaged properties into lucrative assets. From the meticulous details of insurance repairs to the nuances of real estate investments, Henry unveils the layers of strategy, expertise, and passion that underpin his success. Witness the transformational journey of each property - from ashes to assets - and get inspired by one man's relentless pursuit of turning challenges into wealth-building opportunities.

You can find Henry on Instagram @henryresendez3.

We’d be surprised if you haven’t heard this song that has taken social media by storm. Today, we delve into the mesmerizing world of music and dissect Oliver Anthony’s latest release, “Rich Men North of Richmond.” With its evocative title and haunting melodies, this song has been making waves in the music scene.

Join our hosts as they embark on a journey through the song’s intricate layers, uncovering its lyrical depth and the emotions it stirs. From the moment the first notes hit, you’ll be drawn into a sonic landscape that’s both mysterious and introspective. As we analyze the songwriting, you’ll gain a deeper understanding of how Anthony weaves a narrative that lingers long after the music fades. We dissect and relate themes outlined in his song to topics we shared back in Episode 106: The Silent Killer.

Throughout the episode, we’ll explore the themes that “Rich Men North of Richmond” touches upon, whether it’s societal disparities, personal reflections, or the search for meaning in a complex world. Our hosts will share their perspectives on the song’s impact and relevance in today’s cultural context, offering insights that go beyond the surface.

Dive into the extraordinary journey of Blake Shawn—the visionary behind The Shawn Team, a revolutionary force in the real estate industry. From overcoming personal challenges to applying his unwavering faith in God to all aspects of business and life, Blake is a beacon of inspiration for many. With his unyielding passion for genuine communication and boundless creativity, he redefines what it means to connect in today’s business landscape.

The Shawn Team is revolutionizing the real estate landscape with its unique blend of operational excellence and a tech-forward approach, ensuring a smooth, tailored experience for buyers and sellers. With a touch of California’s relaxed vibe, their agents, driven by unmatched work ethics, effortlessly guide clients while maintaining a genuine commitment to their goals. Recognized widely for their stellar service, they are a testament to Blake’s vision, further propelled by The Lord’s favor. Anchored in core values of integrity, honor, and heartfelt service, The Shawn Team is not just about real estate transactions; it’s about transforming communities, one relationship at a time. Their philosophy? Serving communities passionately, leading with humility, and always prioritizing the client’s best interests. At The Shawn Team, it’s not just about property; it’s about community.

You can find Blake on Instagram @blakejshawn.

Negotiation isn't just about haggling over prices; it's a skill that permeates every aspect of life, from the boardroom to our personal relationships. Join us as we navigate through the intricate strategies and transformative approaches outlined in this groundbreaking book. Malhotra and Bazerman, both experts in the field of negotiation and decision-making, provide readers with a treasure trove of insights garnered from years of research and practical experience.

In this episode, we'll discuss the key takeaways from "Negotiation Genius," including tactics for overcoming common negotiation pitfalls, mastering the art of persuasion, and harnessing creativity to craft win-win solutions. We'll dissect real-world examples, from high-stakes business deals to everyday scenarios, shedding light on how the principles from the book can be applied to drive success.

Tune in to "The Negotiation Genius - Book Review" and elevate your negotiation game to a whole new level. Prepare to be inspired, empowered, and equipped with the tools you need to achieve brilliant results not only at the bargaining table but in all facets of life.

Buy "Negotiation Genius" here: https://www.amazon.com/Negotiation-Genius-audiobook/dp/B00XD7FWKA/ref=sr_1_1?crid=35I2QAIA77WIW&keywords=negotiation+genius&qid=1691776605&sprefix=negotiation+geniu%2Caps%2C298&sr=8-1

Back in Episode 97, we discussed a wholetail deal breakdown that we had closed on earlier this year. Today, we are excited to bring that episode full circle as we welcome Scott Meadows onto the podcast. Scott is a seasoned realtor, property manager, and now investor based in Fresno, CA. Scott was the investor who purchased our wholetail deal from us, and we are eager to dive into today’s episode, where Scott discusses his journey of taking this flip across the finish line.

Additionally, we shed light on the importance of reputation in the real estate industry and how it plays a pivotal role in securing profitable projects. Scott, who boasts a wealth of experience as a long-time real estate professional, shares his tried-and-tested strategies for identifying lucrative deals and maximizing profits. We hope you enjoy!

Have you ever wondered how economic fluctuations and inflation can silently impact our lives? Join us on today’s episode where we unravel “The Silent Killer.” We delve into the historical and present-day significance of income statistics and their effects on the economy.

Take a journey back in time to 1933, the worst year of the Great Depression, where we compare an individual’s average income ($4,218.40) to the relative amount in 2023, with inflation accounted for ($98,249.76). But then, fast forward to the present day. The median household income for 2017-2021 hovers around a mere $69,021 - a striking difference from the Depression-era figures.

As we fast forward to today, we’ll explore the current income landscape, analyzing per capita incomes in the US in 2021 - a staggering $37,638, equating to a mere 38.3% of the 1933 average income.

But it doesn’t stop there. “The Silent Killer” will also shed light on the relationship between income and housing prices. Journey back to January 1990, where the average home price in Fresno County stood at $82,083, with per capita and household incomes at $14,387 and $29,943, respectively, as per Census.gov.

Witness how the years of income needed to afford a home steadily increased as we entered February 2020, with the average home price reaching $289,950 in Fresno County, translating to 7.7 years of income required.

Fast forward to May 2023, and you’ll be astounded by the current average home price of $420,000 in Fresno County, which now demands a staggering 11.1 years of income!

“The Silent Killer” will unravel the implications of these income statistics on families, communities, and the economy as a whole. Join our thought-provoking discussion to understand how these silent forces shape our lives and the importance of breaking through victim mentalities to set yourself up for a flourishing retirement.

Sources:

https://data.bls.gov/cgi-bin/cpicalc.pl?cost1=4218.40&year1=193307&year2=202306

https://www.census.gov/quickfacts/fact/table/US,CA/BZA210221

In today's episode, we are excited to be back with another book review! Throughout the episode, we will explore the groundbreaking book "The Four-Hour Workweek" by Timothy Ferriss. Join us as we delve into the pages of this influential work, filled with practical strategies and innovative ideas to help you escape the traditional 9-to-5 grind and design a life of freedom and productivity. Discover Ferriss' unconventional approach to time management, automation, and outsourcing, and learn how to maximize your efficiency and reclaim your precious time. Whether you're an entrepreneur looking to optimize your business, an employee seeking a more flexible work arrangement, or simply someone intrigued by the idea of living life on your own terms, this book review is for you. We'll provide our honest insights, highlight both the strengths and weaknesses of the book, and offer valuable takeaways that you can apply to your own life. So grab a cup of coffee, settle into your favorite chair, and join us for an engaging discussion on "The Four-Hour Workweek." Get ready to challenge your preconceptions, gain new perspectives, and discover how you can work smarter, not harder, to create a life of freedom and fulfillment. Buy "The 4-Hour Workweek" here: https://www.amazon.com/4-Hour-Workweek-Escape-Live-Anywhere/dp/0307465357/ref=tmm_hrd_swatch_0?_encoding=UTF8&qid=1688668386&sr=8-1