Real Estate Investing with the REI Mastermind Network

Uncover the truth about Airbnb investing as John Rickgarn debunks common myths and shares insider knowledge that most REI gurus keep under wraps. Dive into an enlightening conversation on our latest episode, "Crushing Myths: What REI Gurus Don't Tell You About Airbnb," where John's wealth of experience as an investor, educator, and realtor shines through. 🏠💡

Connect with John Rickgarn! ➡️ Explore his insights and resources at rickggarn.com.

In this must-listen to episode, you'll learn:

• The realities of Airbnb saturation in the market
• How to strategically navigate rising costs and market shifts
• The power of conservative investment strategies
• Tips on assumable loans and seller financing options

🌟 Real estate investing is not just about buying property; it's about making informed decisions that pave the way for generational wealth. John Rickgarn brings you actionable advice rooted in years of expertise. 🌟

Subscribe to the REI Mastermind Network! Don't miss out on expert discussions that could transform your investment portfolio.

SUPPORT THE SHOW! If you're finding value in our content, please like, share, and review the podcast. Your support helps us bring more empowering real estate knowledge to the community.

Get ahead in your real estate investment strategy by visiting rickggar.com, and join a community of forward-thinking investors.

"Real estate investing is about more than property; it's about strategic renovations to one's mindset and portfolio." – John Rickgar

Remember, don't wait for the perfect moment to start building your legacy. Begin today, and let your journey to generational wealth commence!

#RealEstateInvesting #Airbnb #REIGurus #InvestmentPortfolio #REIMastermindNetwork #GenerationalWealth

CHAPTERS:

0:01 - John Rickgår Collaboration

0:49 - Airbnb Industry Disruption

4:29 - Tsunami Disaster Preparedness

5:47 - Understanding Assumable Loans

10:17 - Explaining Contract for Deed

12:43 - Introvert vs Extrovert Personalities

15:50 - Analyzing Current Real Estate Market

21:24 - Identifying Investment Opportunities

22:30 - Diverse Real Estate Investment Types

25:02 - Common Investor Misconceptions

25:41 - Top Book Recommendations for Investors

26:25 - Essential Tools for Real Estate Investing

27:00 - Advice to Younger Self on Investing

27:51 - Real Estate Tips for Immediate Use

29:16 - Additional Insights on Real Estate Investing

RealDealCRM.com

RealDealCRM is your Real Estate Investing Virtual Assistant. A Real Estate Investing CRM for Real Estate Investors created by Real Estate Investors. SMS, Stealth Voicemails, Phone, Voicemail, Funnels, and AUTOMATION in a single platform! Check out more details at RealDealCRM.com

LIKE • SHARE • JOIN • REVIEW

• Website
• Join the REI Mastermind Network on Locals!
• Apple Podcasts
• Google Podcasts
• YouTube

Embark on a transformative journey with Valerie Shirah as we delve into how virtual assistants (VAs) are revolutionizing the world of real estate investing (REI)! Valerie's personal story, from being a stay-at-home mom to a successful real estate investor, will inspire you to break free from the 9-5 and take control of your financial future.

🏡 In today's video, Valerie discusses:

- The pivotal role VAs play in scaling your REI ventures.

- Overcoming mindset barriers related to debt and partnerships.

- Strategies for efficiently managing your real estate portfolio.

- The synergy of teamwork in achieving more in less time.

🌟 Connect with Valerie Shyra! Explore the innovative strategies at TheStreamlineTeam.com and witness first-hand how VAs can elevate your REI game.

👉 Subscribe to our channel for more empowering insights on building generational wealth through strategic real estate investment. Hit the like button, share with fellow investors, and leave a review to help us grow!

💼 Join the REI Mastermind Network community and enhance your investment portfolio with expert advice and support.

"Real estate investing is not just a financial venture; it's a powerful tool for creating the life you desire." – Valerie Shyra

SUPPORT THE SHOW by taking advantage of exclusive deals designed to kickstart your journey to financial independence. Get your hands on invaluable resources by visiting our sponsor links.

🔥 Ready to transform your approach to REI? Don't miss out on the wealth of knowledge Valerie brings to the table. Watch now, and let's build a legacy together!

CHAPTERS:

0:00 - Introduction to Valerie Shirah

0:30 - Valerie's Real Estate Investing Journey

2:50 - Mindset Shifts for Real Estate Success

5:55 - Synergy in Real Estate Partnerships

8:05 - Deciding to Hire a Real Estate VA

13:35 - Virtual Assistant Task Management

16:17 - Virtual Assistants Handling Inbound Calls

17:13 - Interview Questions for VA Companies

19:04 - Real Estate VA Success Stories

20:15 - Overcoming Virtual Assistant Challenges

21:00 - Retaining Your Virtual Assistant

22:38 - Virtual Assistant Costs Explained

26:30 - Tools for VA Communication

27:38 - Rapid Fire Q&A Session

30:20 - Real Estate VA Implementation Tips

31:17 - Additional Real Estate VA Insights

31:41 - Closing Remarks with Valerie Shyra

RealDealCRM.com

RealDealCRM is your Real Estate Investing Virtual Assistant. A Real Estate Investing CRM for Real Estate Investors created by Real Estate Investors. SMS, Stealth Voicemails, Phone, Voicemail, Funnels, and AUTOMATION in a single platform! Check out more details at RealDealCRM.com

LIKE • SHARE • JOIN • REVIEW

• Website
• Join the REI Mastermind Network on Locals!
• Apple Podcasts
• Google Podcasts
• YouTube
• Spotify

Unlock the secrets to bulletproofing your real estate investments with Asset Protection 101! Join us as Brian Bradley, a leading expert in the legal realm, demystifies the intricacies of safeguarding your assets. In this must-watch video, learn how to build a formidable defense for your Real Estate Investment (REI) portfolio and ensure that your hard-earned properties are shielded from unforeseen threats.

Brian delves deep into the common misconceptions about LLCs and asset protection, revealing untold truths that could transform your approach to real estate investing. If you've ever been confused about the effectiveness of various asset protection strategies, this video is for you!

Ready to step up your REI game and keep your investments secure? Here's what you'll uncover:

🔑 The vital difference between asset protection and simply saving on taxes.

🔑 Why single-member LLCs may not be the fortress you thought they were.

🔑 The real deal behind "nesting" LLCs across different states.

🔑 Innovative structuring to optimize protection and tax compliance.

Don't miss out on Brian's expert insights and connect with him at btbllegal.com for a deeper dive into asset protection strategies. Whether you're a seasoned investor or just starting out, this video is packed with invaluable advice that could save you from costly mistakes.

🚀 Subscribe now for more enlightening REI content and join a community dedicated to building generational wealth through strategic real estate investments. Share this video with your fellow investors and let's strengthen our defenses together!

💡 "Success leaves clues. The rich don't own things in their personal names; their businesses and their trusts do." - Brian Bradley

Remember, real estate investing is not just about acquiring assets; it's about protecting them. Take action today and start building your REI defense with Brian's expert guidance. 🔐✨

#RealEstateInvesting #AssetProtection #REIDefense #InvestmentPortfolio #REIMastermindNetwork #GenerationalWealth

CHAPTERS:

0:00 - Introduction to Asset Protection

1:08 - Asset Protection Explained

7:14 - LLC Secrets Unveiled

11:35 - Optimal LLC Formation Strategies

16:49 - Understanding Nesting Concepts

19:32 - Asset Protection Trusts Overview

23:44 - Entity Cash Flow Mechanics

26:29 - Property Transfer Techniques

29:35 - Quick Tips Segment

33:06 - Reviewing Missed Information

33:27 - BTBL Legal Resources

RealDealCRM.com

RealDealCRM is your Real Estate Investing Virtual Assistant. A Real Estate Investing CRM for Real Estate Investors created by Real Estate Investors. SMS, Stealth Voicemails, Phone, Voicemail, Funnels, and AUTOMATION in a single platform! Check out more details at RealDealCRM.com

LIKE • SHARE • JOIN • REVIEW

• Website
• Join the REI Mastermind Network on Locals!
• Apple Podcasts
• Google Podcasts
• YouTube
• Spotify

Brent Kessler is a financial expert who credits much of his success to the book "Becoming Your Own Banker" by R. Nelson Nash. He highly recommends this book for anyone looking to build, keep, and create wealth, as it contains valuable insights from wealthy individuals and successful entrepreneurs, such as the Rockefellers, the Morgans, and Ray Kroc. Brent's own financial journey has been transformed by the principles outlined in this book, and he is passionate about sharing these lessons with others through his website and speaking engagements. Whether it's through his own experiences or the wisdom found in "Becoming Your Own Banker," Brent aims to empower others to take control of their financial futures.

Connect with Brent Kessler: https://themoneymultiplier.com/

Topics & Bullets

The Money Multiplier Method and Whole Life Insurance

• Origin and impact of the Money Multiplier Method from the "infinite banking concept" by R. Nelson Nash
• Utilization of whole life insurance policies for wealth accumulation and leveraging cash value for investments
• Brent Kessler's personal experience of using the concept to pay off debt
• Designing life insurance policies for high cash value and immediate access to cash value

Using Wealthy Tools to Build and Create Wealth

• Advocacy for using a whole life insurance policy as a financial tool without changing cash flow, working harder, or taking additional risks
• Difference in how ordinary individuals and the super wealthy use financial tools
• Offering free webinars, podcasts, and live events to explain the concept

Personal Development and Mentality

• Importance of due diligence and seeking information from involved or impacted individuals for financial decisions
• Book recommendations and the importance of reading about Austrian economics
• Seeking mentorship and teaching children to pursue a path of greater success
• Desire to achieve wealth-building success and recognizing the importance of money in life

RealDealCRM.com

RealDealCRM is your Real Estate Investing Virtual Assistant. A Real Estate Investing CRM for Real Estate Investors created by Real Estate Investors. SMS, Stealth Voicemails, Phone, Voicemail, Funnels, and AUTOMATION in a single platform! Check out more details at RealDealCRM.com

LIKE • SHARE • JOIN • REVIEW

• Website
• Join the REI Mastermind Network on Locals!
• Apple Podcasts
• Google Podcasts
• YouTube
• Spotify
• Stitcher
• Deezer

Ava Benesocky is a partner at CPI Capital, where she specializes in acquiring institutional multifamily assets in the Sun Belt state. With a focus on partnering with limited partners to acquire already built, stabilized properties, Ava and her team aim to increase the income and value of the assets through strategic renovations and tenant turnover. Their goal is to provide investors with monthly distributions and a significant return on investment when the properties are sold after 3 to 5 years. Ava's expertise and strategic approach to real estate investment make her a valuable asset to CPI Capital and its investors.

Connect with Ava Benesocky at https://www.cpicapital.ca/

RealDealCRM.com

RealDealCRM is your Real Estate Investing Virtual Assistant. A Real Estate Investing CRM for Real Estate Investors created by Real Estate Investors. SMS, Stealth Voicemails, Phone, Voicemail, Funnels, and AUTOMATION in a single platform! Check out more details at RealDealCRM.com

Topics & Bullets

Real Estate Investment Strategy

• Focus on acquiring institutional multifamily assets in the Sun Belt states, particularly in Florida.
• Acquiring stabilized properties with 100+ units and implementing light renovations.
• Aim for a 3 to 5-year turnover.
• "Forced appreciation" to increase property value through rent hikes and renovations.
• Targeting regions with significant job, population, income, and rent growth.

Mindset and Manifestation in Business and Life

• Emphasizing the importance of mindset and manifestation.
• The impact of the stories we tell ourselves.
• The influence of the people we surround ourselves with.
• Overcoming limiting beliefs in business and life.

Marketing Strategies and Investor Relations

• Marketing strategies for targeting passive and active investors.
• Building an investor community before finding deals.
• Building trust through consistency and providing free information.
• The role of transparency and regular communication with investors.

Business Development and Growth

• Discussion on business development and the journey from inception to the current stage.
• Building an investor list and nurturing relationships.
• Consistency in communication and staying top of mind for investors.

Utilizing Tools for Personal and Business Use

• Recommending "The Checklist Manifesto" as a great book.
• Using Asana as an essential tool for managing personal and business tasks.

Investor Education and Engagement

• Sending out weekly educational newsletters to help investors understand real estate concepts.
• Holding live webinars to present deals and establish transparency with investors.
• Providing rent rolls and financials on a quarterly basis to investors.
• Consistent communication through regular newsletters, updates, and distributions.

Investor Psychology and Behavior

• High net worth investors' attraction to private deals for the exclusivity factor.
• The appeal of passive investing and above-average returns in real estate.

Cultivating Trust and Transparency

• Prioritizing transparency and thorough communication from the beginning.
• The significance of being upfront and transparent with investors.
• The impact of proactive...

Phillip Vincent has been in the real estate industry for 25 years, starting out as a home builder and working his way up to becoming a lead aggregator nationwide for the senior living niche. He specializes in helping families navigate the financial aspect of moving their parents into senior living communities, particularly when it comes to unlocking equity to cover the cost of care. His expertise lies in understanding the pivotal moment when families realize they need to sell their loved one's home to afford the cost of care, and he is dedicated to providing them with the necessary support and guidance during this difficult transition.

Connect with Phillip Vincent at https://momshouse.com/jack

Topics & Bullets

1. Importance of Human Interaction in Real Estate

• Emphasis on personal interaction and genuine conversation
• Ineffectiveness of following scripts
• Treating everyone as a friend with confidence

2. Impact of the "Silver Tsunami" on Senior Living Industry

• Need for products and programs for the elderly to remain at home
• Seriousness of the senior living industry
• Implications of the "silver tsunami"

3. Mom's House Company and Real Estate Strategies

• Holistic transition to senior living
• Acquisition strategies' importance in real estate investing
• Adapting a mindset of helping rather than taking advantage

4. Challenges and Strategies in Real Estate Transactions with Elderly Parents

• Family dynamics and emotions
• Strategies for acquiring properties and generating leads
• Caregiving challenges and transitioning into senior living

5. Financial Aspects and Real Estate Process for Senior Living Transitions

• Rehabbing and revenue from estate sales
• Financial burden and misconceptions about profit

6. Building Trust and Relationships in Real Estate and Senior Living

• Strategies for building relationships with local stakeholders
• Guiding families through options and challenges during senior living transitions

7. The Senior Living Niche in Real Estate

• Unique strategy focusing on the senior living niche
• Evolving market with the baby boomer generation moving into senior living

8. Transparency, Honesty, and Identifying Motivated Sellers in Senior Living Industry

• Misconceptions about real estate investing and the senior living industry's market size

9. Reflections on Communication and Real Estate Market

• Personal learning experiences in communication and real estate
• Importance of acquisition strategies and adapting to market conditions

RealDealCRM.com

RealDealCRM is your Real Estate Investing Virtual Assistant. A Real Estate Investing CRM for Real Estate Investors created by Real Estate Investors. SMS, Stealth Voicemails, Phone, Voicemail, Funnels, and AUTOMATION in a single platform! Check out more details at RealDealCRM.com

LIKE • SHARE • JOIN • REVIEW

• Website
• Join the REI Mastermind Network on Locals!

Shannon Robnett started his career in construction after realizing his passion for building single-family homes. However, he quickly transitioned to commercial construction, where he built a diverse portfolio of projects, including police and fire stations, city halls, medical facilities, schools, and industrial buildings. Over time, he also ventured into multifamily construction and began acquiring real estate deals. Today, Shannon has a successful career in both multifamily and industrial construction, with a consistent track record of building and acquiring properties.

Connect with Shannon Robnett: https://shannonrobnett.com/

Topics & Bullets

Shannon Robnett's Real Estate Background and Expertise

• Raised in a family of builders and realtors
• Experience in single-family homes, commercial construction, multifamily, and industrial properties

COVID-19's Impact on Construction Industry

• Significant increases in building material prices
• Delays in obtaining materials

Underwriting Process for Ground-Up Development in Multifamily Projects

• Understanding market rents
• Determining building costs
• Collaborating with subcontractors for realistic budgeting and plans

Strategic Partnerships and Focusing on Strengths

• Identifying primary skill set
• Finding partnerships with complementary skills

Underwriting and Projecting Financial Needs for Multifamily Projects

• Importance of building reserves
• Navigating unexpected challenges, e.g., COVID-19 impact

Importance of Accurate Modeling and Proper Underwriting

• Ensuring success and sustainability in real estate development projects

Business Savvy and Professionalism in Large-Scale Projects

• Comparison to contractors for single-family houses
• Business acumen needed for multi-million dollar contracts

Supply Chain Issues and Their Impact

• Increased front-end costs
• Longer lead times for development

Management of Construction Timelines and Financial Impact from Delays

• Obtaining building permits
• Adjusting strategies to minimize financial impact

Impact of Interest Rates and Debt Service Coverage Ratio (DSCR) on Real Estate Deals

• Need for higher cash reserves as interest rates rise
• Potential market changes and forecasting needs

Preparation Over Panic in the Face of Potential Market Instability

• Similarities to troubled times in real estate market
• Need for proper preparation

Opportunities in Real Estate Market

• Opportunities in multifamily ground-up development
• Patience, proper positioning, and capitalization

Focus on Cash Flow in Real Estate Deals

• Importance of cash flow over quick appreciation

Confidence in Future of Real Estate Market

• Long-term financing and increasing rents

Shannon Robnett's Ground-Up Development Projects

• Involvement in multifamily and warehouse projects
• Projects in various locations across the United States

Anticipation of Trends in Real Estate Market

• Upward trend in occupancy, new product development, vacancy rates, and rents

Choosing the Right Market for Investment Opportunities

• Analyzing specific...

Eric Brewer is a real estate investor who believes in the importance of thoroughly understanding the motivations driving people to enter the world of real estate. He emphasizes the need for clarity and disciplined judgment when considering making a change in career or investment choices. With a focus on helping others avoid hasty decisions, Brewer encourages individuals to carefully assess their reasons for venturing into real estate. By examining the months and years leading up to the decision to invest, he aims to ensure that people have a clear understanding of the problems they are seeking to solve and how real estate may or may not be the solution. Brewer's approach emphasizes the need for thoughtful consideration and avoidance of impulsive decisions in the real estate industry.

Connect with Eric Brewer: https://www.instagram.com/eric_brewer_invest_/

Topics & Bullets

Eric Brewer's Business Journey and Real Estate Insights

Transitioning from solopreneur to executive-level leader

• Shift from being a "1 man band" to a competent manager
• Becoming a leader of people in business

Leveraging time and labor in real estate

• Impact on income and business growth
• Practical tips for resource utilization in real estate

Real Estate Business Mindset

Critical assessment of entering real estate

• Understanding real estate's solution to a solvable problem
• Identifying work ethic, risk threshold, and pain tolerance

Shifting beliefs and practical steps in real estate investing

• Treating real estate as a business
• Emphasizing transparency about challenges and realities

Defining "why" and creating discipline in real estate investing

• Evaluating purpose and reasoning for real estate involvement
• Emphasizing the importance of defining one's "why" and writing it down

Delegating and Empowering Teams in Business

Recognizing bottlenecks and business growth hindrances

• Positioning as a bottleneck for business growth
• Importance of delegating and trusting the team for growth

Strategic hiring process and creating job descriptions

• Creating job descriptions for strategic hiring
• Assessing ideal behavioral profiles for hires

Empowerment, accountability, and team dynamics

• Accepting accountability and empowering team members
• Narrating personal experiences and their impact on team relationships

Worth of Time and Task Prioritization

Calculating worth of time and prioritizing tasks

• Advice on evaluating time spent on tasks
• Prioritizing activities for higher returns

Delegating and training existing staff

• Recognizing existing talent for tasks causing bottlenecks
• Encouraging training and opportunities for existing team members to contribute at a higher level

RealDealCRM.com

RealDealCRM is your Real Estate Investing Virtual Assistant. A Real Estate Investing CRM for Real Estate Investors created by Real Estate Investors. SMS, Stealth Voicemails, Phone, Voicemail, Funnels, and AUTOMATION in a single platform! Check out more details at RealDealCRM.com

LIKE • SHARE • JOIN • REVIEW

• Website

Joel Friedland is a professional in the industrial real estate sector. His expertise lies in the unique nature of industrial properties, which he distinguishes from commercial real estate. He emphasizes that industrial properties are their own asset class, separate from office and retail buildings. With a focus on manufacturing and distribution, Joel Friedland understands the importance of features like truck docks and ample space for workers to produce and package goods. His insights into the industrial real estate market make him a valuable resource in the industry.

Connect with Joel Friedland at https://britproperties.com/

Topics & Bullets:

Importance of Mentorship and Personal Growth

• Finding a great mentor for personal and professional growth
• Transition from being impulsive and aggressive to mature and experienced in handling business relationships
• Mentoring relationship with Milt Podolski
• Advice to his younger self about assessing risks and self-awareness in business

Business Partnerships and Conflict Management

• Challenges in dealing with partnership conflicts in family businesses and real estate ventures
• Importance of tolerance, acceptance, and cautious partnership evaluation
• Using analogies such as jazz music and sports to illustrate handling conflicts and problems in business dealings
• Value of delegating tasks to individuals with expertise and not being a control freak in business operations

Real Estate Investment Strategies

• Unique business model of all-cash, no-debt deals in real estate
• Success of all-cash deals in appealing to a specific market segment
• Navigating challenges during the 2008 recession through open communication with investors and tenants
• Risks and cautious approach in industrial property business, especially the impact of vacancies and the all-cash approach in their deals

Decision Making and Business Operations

• 3-part decision-making process involving a mindset of Wait, an 8-person advisory board, and journaling for thoughtful decision-making
• Importance of communication during challenging times and cautious partnership evaluation
• Consultation with a spouse in business decisions

Real Estate Expertise and Industry Associations

• Specialization in industrial real estate as a member of the Society of Industrial and Office Realtors
• Distinction between industrial real estate and commercial real estate
• Transition from property management to brokerage in industrial real estate

Books and Recommendations

• Recommendation of "The Four Agreements" book
• Discussion of real estate investment myths and recommended books
• Emphasis on starting with an awkward conversation or it will end with one

Podcast Discussion and Reflection

• Relationship dynamics between Jack and Joel Friedland in the podcast
• Expression of interest in returning to the podcast by Joel Friedland
• Jack's personal growth and reflections on giving immediate answers

Business Operations and Investment Opportunities

• Private placement memorandum and current opportunity for raising capital
• Focus on fix and flips in the housing market and the shift towards first-time homebuyers
• Joel Friedland's industrial real estate investment strategy and raising capital opportunity

Evolution and Growth in Business Operations

• Growth from being impulsive and aggressive to being more...

We chat with Matt Shields, discussing digital transformation, its benefits, and its implementation in the real estate business. They talk about how digital innovation has streamlined many processes across different organizational domains. They elaborate on concepts such as project management and square footage comparison in real estate investment, and consider the benefits of digital transformation in construction and multi-family investing operations. Matt also shares personal insights from his career and offers advice on communication and adaptability in business.

Connect with Matt Shields: https://www.investinsqft.com/

Topics & Bullets:

Challenges in Contracting Industry

Handling pictures and reports in the contracting industry

• Benefits of using a method and process for easier report generation
• Showcasing project transformations with before and after photos
• The importance of maintaining control over products or services to avoid overextension and unforeseen competition

Digital Transformation in Construction

Syndication and gathering information to attract investors

• Streamlining processes, data accessibility, and reporting to attract investors

Streamlined processes for a waterproofing contractor

• Reducing time and improving efficiency
• Simplifying onboarding for new employees
• Providing real-time insights into business operations

Applying digital transformation to construction

• Importance of digital transformation and project tracking within real estate construction
• Using a scrum philosophy and weighted systems to manage granular tasks and project progress
• Digitalizing the process to manage construction in a more accurate and systematic way

Using project management software for organizational growth

• Starting with project management software like Trello, Asana, or Basecamp for small businesses or solo entrepreneurs
• Building internal processes as different departments emerge
• Challenges of integrating existing processes with new systems for businesses built before platforms like Asana

Real Estate Investments and Management

Business impact and recommended reading

• Reading Chris Voss's book for communication and negotiation skills
• Recommending improv classes to enhance communication and thinking on the spot

Pricing strategy for real estate investing

• Considering the square footage of comparable properties when setting rent prices

Challenges faced in real estate business processes

• Creating reports and managing multifamily properties

Adoption of agile scrum in real estate

• Value brought to contractors and project management
• Demonstrating the value of transformation for successful adoption

Importance of documenting processes and procedures for scaling a business

• The value of a core foundational platform for a business
• Need for younger employees to have digital processes rather than traditional methods

Personal and Professional Development

Using technology for personal well-being

• Reliance on the Oura ring to monitor physical activity and sleep
• Comparing the Oura ring's battery life and charging time to an Apple Watch

Lessons learned and recommended practices

• Learning from past experiences and maintaining a positive outlook
• Applying communication and negotiation skills in business
• Sharing successful practices and podcasting...