Real Estate Investing with the REI Mastermind Network – Details, episodes & analysis

Discover the essential strategy for avoiding costly rental property mistakes with Dan Erb from Strand Capital LLC! As an accomplished real estate investor, Dan shares his invaluable insights into the world of single-family home investments. Learn how he transitioned from a career in banking to building a successful investment portfolio, focusing on markets like Indianapolis, Chattanooga, and Birmingham.

Key Takeaways:

• Strategic renovations and partnerships with local professionals.
• Importance of patience and market research for optimal returns.
• Navigating Section 8 and multifamily assets for a diversified approach.
• Building generational wealth through smart real estate investment strategy.

Connect with Dan on LinkedIn to explore more about his innovative approach to real estate investing!

🔔 Subscribe to the REI Mastermind Network Podcast for more expert interviews and actionable tips for real estate success.

👍 Like this video if you found it helpful and **share** it with your real estate investing friends.

Join the conversation and support the show to empower your journey in real estate. Remember, "The best investment on Earth is Earth." Start building your legacy today!

CHAPTERS:

00:00 - Intro

00:54 - How Dan Got Started in Real Estate

01:51 - How Dan Finds Properties to Buy

04:31 - Where Dan Buys Properties

07:00 - What Returns Dan Looks For When Buying Properties

09:03 - How Dan Adds Value to Properties

11:11 - How Dan Expands to New Markets

14:15 - Minimum Cash Flow Requirements

16:27 - Finding a Good Property Manager

20:13 - Lessons from Financial Background

22:57 - Importance of an Exit Strategy

24:14 - Goals for Strand Capital

26:15 - Topics We Wish We Covered

28:23 - Common Lies Real Estate Investors Tell

28:45 - Advice for Younger Self

29:10 - Time-Saving Strategies in Real Estate

29:50 - Recommended Books for Investors

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

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Join real estate investor Jordan Sylvester as he reveals his transformative journey from a $15K investment to a $135K real estate win. In this episode, Jordan shares how leveraging relationships and overcoming fear can lead to substantial success in real estate investing. Discover how strategic renovations and an investment mindset helped him build generational wealth.

• Connect with Jordan Sylvester! Explore more of Jordan's insights at jordansylvester.com.
• Real estate investing is not just about numbers, but relationships. Learn how Jordan's network played a crucial role in his first major success.
• Gain actionable insights into building a strong investment portfolio and avoiding common pitfalls.
• Understand the importance of multifamily assets and Section 8 as part of a diversified strategy.
• See how the REI Mastermind Network can help you develop a solid real estate investment strategy.

Subscribe to the PODCAST! Support the show by liking, sharing, and leaving a review. Join the Community for more expert advice and exclusive content.

SUPPORT THE SHOW! Take advantage of our sponsor deals to enhance your investing journey.

_"Success in real estate is not just about what you know, but who you know."_

Embrace the lessons from Jordan's journey and start building your path to generational wealth today!

CHAPTERS:

00:00 - Jordan Sylvester Joins Jack

00:23 - Why Realtors Don’t Invest

02:02 - Your First Real Estate Deal

05:50 - Leveraging Relationships in Real Estate

08:24 - What Happened in the Market

14:21 - Jordan Sylvester’s Authenticity Journey

21:01 - Mindset Strategies from Jordan

22:35 - Advice to His Younger Self

25:04 - Topics We Wish We Covered

26:13 - Lies Real Estate Investors Tell

26:45 - Recommended Real Estate Books

27:18 - Time Travel Advice for Younger Self

27:29 - Key Strategies for Success

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

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Join Jack on the REI Mastermind Network as he uncovers the shocking truth about real estate syndication with special guest Jim Manning. Jim, a seasoned real estate investor with over 3,500 deals under his belt, shares his remarkable journey from working under a self-made billionaire to mastering the art of real estate investing. Discover how Jim transitioned from flipping 125 properties a year to building generational wealth through strategic renovations and lease purchase strategies.

• Connect with Jim Manning! Learn more about his approach at passivewealthshow.com.
• Real estate investing insights: How Jim's unique perspective can transform your investment portfolio.
• Learn the importance of measuring success by what you give up to achieve it—a pivotal mindset shift for any real estate investor.
• Subscribe to the PODCAST! Support the show and join the community for more strategic insights.
• Get exclusive offers and build your wealth by visiting the links in the show notes.
• Motivational Quote: "Measure your success by what you gave up to achieve it."

Embark on your journey to financial freedom by subscribing, liking, and sharing the podcast. Your success in real estate investing starts here!

#RealEstateLessons #RealEstatePodcast #MultifamilyProperties #ReiMastermind #InvestmentStrategies

CHAPTERS:

00:00 - Intro

00:38 - Jim's Background

07:47 - Maximizing Your Earnings

10:38 - Jim's Investing Journey

18:28 - Lease Purchase vs Rent to Own Explained

24:28 - Handling the Down Payment

26:58 - Lease Purchase vs Traditional Real Estate

28:32 - Not a Get Rich Quick Scheme

29:45 - Lease Option Details

30:40 - Supporting the Buyer

34:05 - Questions for Jim

36:38 - Rapid Fire Round

39:40 - Jim's Productivity Tips

40:40 - Connect with Jim

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

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Brad Chandler is a devoted father who was determined to find help for his son's anxiety. In his quest for answers, Brad found himself on a life-changing Zoom call with a woman recommended by a friend. Within just five minutes, she identified a tick in Brad's behavior, pointing out that he blinked excessively when discussing his childhood. This astute observation led to a revelation: Brad might have unresolved childhood trauma that was contributing to his son's anxiety.

Eager to do whatever it took to help his son, Brad eagerly accepted an invitation to travel to Park City and work with Mike's Navy Seal husband and the woman he had connected with. Little did he know that a mere three-hour session with the Navy Seal would transform every aspect of his life.

During their time together, Brad and the Navy Seal delved into events from Brad's childhood that had caused him immense stress and a sense of helplessness. The experience allowed Brad to realize that he had been carrying unresolved issues from his past, which in turn affected his son's anxiety.

Motivated by the newfound understanding, Brad dedicated himself to healing and gaining control over his life. This transformative journey not only empowered Brad to become the rock his son needed but also inspired him to help others facing similar challenges.

Today, Brad Chandler is a beacon of hope for families dealing with anxiety and unresolved trauma. Through his own experiences and the knowledge gained from his transformational session, he works tirelessly to support and guide individuals towards healing and resilience. Brad's story serves as a testament to the power of confronting and overcoming our past, ultimately leading to a brighter future for ourselves and our loved ones.

Connect with Brad Chandler: https://www.bradchandler.com/

Primary Topics Covered:

1. Introduction to the Speaker's Journey

• How the speaker got into flipping houses
• Number of houses bought and years in business
• Initial motivations for making money and proving worth

2. Importance of Self-Love and Self-Worth

• Recommendation to take a self-love quiz
• Actions to take if self-love score is low
• Emphasizing the role of self-love in happiness and fulfillment
• Opportunity for a new life

3. Childhood Stories and Negative Self-Perception

• Coping mechanisms and their impact on adulthood
• Speaker's personal experiences of failed marriages and mistakes
• Financial losses and societal issues mentioned

4. Dispelling Misconceptions about Hypnosis

• Differentiating stage hypnosis from therapeutic hypnosis
• Explanation of hypnosis as a relaxed state and its impact on the subconscious
• Importance of the subconscious mind in behavior

5. Four Questions for Self-Worth and Self-Esteem

• Detailed exploration of the four questions
• Transformation potential and their relevance to prison population

6. Self-Love as a Solution for Personal and Societal Problems

• Speaker's life's work in helping people find self-love
• Linking lack of self-love to global issues
• Importance of awareness and personal change

7. Impact of Parenting and Changing Behaviors

• Self-reflection on imperfect parenting and blame
• Changing behaviors through self-love, using "shitty marriage" as an example

8. Addressing Root Thinking Issues

• Speaker's work with struggling CEOs
• Identifying work addiction and its connection to self-worth
• Impact of mentors and their...

Welcome back to another episode of the REI Mastermind Network! On today's show, host Jack Hoss is joined by special guest Guido Nunez to tackle the topic of wasted time in the workplace. They dive into the various factors that contribute to inefficiency, such as distractions and unoptimized processes. But fear not, they also provide valuable insights on how to eliminate waste and maximize productivity.

In addition to dissecting workplace productivity, Jack and Guido explore the world of real estate investing. They discuss the importance of prioritizing tasks and aligning them with goals, as well as deciding between active and passive investing. They shed light on alternative investment opportunities and share their strategies for success.

As the conversation unfolds, they delve into the nitty-gritty of real estate investing, including stress testing properties, evaluating market potential, and understanding financing options. Jack and Guido draw from their own experiences, both the challenges they faced and the lessons they learned along the way.

But it's not just about investing in properties, it's about building meaningful relationships within the industry. They reveal their secrets to networking and finding reputable experts in the desired market. From property managers to maintenance professionals, they share their tried-and-true methods for assembling a top-notch team.

And don't miss their expert advice on managing properties, from enhancing security to dealing with troublesome residents. They discuss the nuances of different property types, with a focus on D-class properties, which offer unique advantages for beginner investors.

So whether you're looking to optimize your productivity in the workplace or dive into the world of real estate investing, this episode is packed with valuable insights and practical tips to help you master the game. Let's jump right in!

Connect with Guido Nunez: theW2investor.com

Key Topics and Bullets:

Primary Topic: Wasted Time in the Workplace

- Coworkers and distractions as sources of wasted time

- Suggested solutions: automating tasks and simplifying decision making

- Importance of prioritizing tasks based on importance and aligning with goals

Primary Topic: Active vs. Passive Investing

- The decision to be an active investor or a passive investor

- Time constraints for certain professions, like doctors or surgeons

- Alternative ways to invest as a passive investor, such as joint ventures or syndications

Primary Topic: Property Investment Considerations

- Importance of stress testing the property to understand breakeven point and potential negative cash flow

- Examination of property location and market appreciation potential

- Assessing the neighborhood's position and potential improvement in three years

- Value of the property based on the difference between current rent and market rent

- Financing considerations

Primary Topic: Overcoming Challenges in Real Estate Investing

- Limited financial resources when starting out

- Cost of mentorships in the field

- Strategies for acquiring knowledge: books, audiobooks, podcasts, meetups, learning from everyday investors, watching YouTube videos

- Emphasizing the time-consuming nature of the learning process

Primary Topic: Finding Opportunities in Real Estate

- Importance of direct communication with sellers

- The realization that taking action and responding promptly is more important than having a perfect script

- Lesson learned about treating everyone with respect, particularly when dealing with D class properties

- The goal of conveying...

Ray Zhang is a skilled entrepreneur who discovered his passion for flipping various items. Starting with free stuff and cars, he soon ventured into the realm of real estate. For the past four years, Ray has immersed himself in the world of land flipping. In his first year, he primarily focused on buying and selling inexpensive plots of land, making a modest profit. However, his expertise has evolved, and he now specializes in flipping infill lots located near bustling urban areas. Ray's ability to identify lucrative opportunities in the real estate market has established him as a successful land flipper. He continues to thrive in his current role, constantly seeking out new opportunities to maximize his profits.

Connect with Ray Zhang:

• Instagram: https://www.instagram.com/virtualflipland/
• TikTok: https://www.tiktok.com/@virtualflipland

Ray Zhang's Journey into Land Flipping

• Ray Zhang's experience with flipping various items before stumbling into land flipping
• His initial focus on flipping cheap land in the first year
• Transitioning to flipping infill lots near cities

Strategy and Market Focus

• Targeting land near growing cities
• Avoiding markets that are losing people, such as New York and New Jersey
• Open to focusing on any growing market

Progress and Projections

• Been involved in land investing for around 4 years
• In 2022, completed approximately 100 deals with a net profit of 900,000
• 2023 projections include buying around 330 land pieces and selling them after posting for sale

Challenges and Apprehensions

• Mentor advised selling some land due to holding a significant number of properties
• Despite potential appreciation, mentor emphasized the importance of selling for instant cash
• Noting a slowdown in the market, with longer turnaround times for offers and sales

Previous Real Estate Ventures

• Attempted wholesaling, virtual wholesaling, and apartment investing before finding success with land flipping
• Acknowledges the difficulty of wholesaling, especially when done virtually
• Perceived lack of funds as a barrier to apartment investing

Mentorship and Mindset Shift

• Recognizing the value of seeking out mentors who have achieved success in the desired field
• Investing in mentorship as an essential aspect of success
• Emphasizing the importance of changing from a poor mindset to a rich mindset for success

Overcoming Homelessness

• Sharing the experience of being homeless and living in a car for several months
• Flipping free items as a means to generate income and initially invest in land flipping
• Realization of mentorship's power through a car flipping mentor's guidance

Note: This summary covers the main topics discussed in the text, providing an overview of Ray Zhang's journey, strategy, progress, challenges, previous ventures, mentorship, and overcoming homelessness.

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Noah Hoffman is a dynamic entrepreneur who ventured into the real estate industry at a young age. Initially working for a mentor in property management, Noah quickly identified the potential of short-term rentals through Airbnb. He began managing properties for his mentor and gradually expanded his portfolio, renting additional properties to put on Airbnb. Noah's experience as a carpet cleaner also proved beneficial as he pitched the idea of short-term rentals to property owners, successfully securing management contracts.

After five years of working in property management, Noah made his first property purchase - a duplex with an FHA loan, occupying one unit himself. Empowered by his remote management skills, acquired through overseeing properties out of town, Noah took a leap and started investing in Fresno, California, as the San Francisco Bay area lacked favorable cash flow opportunities. To further increase his income, Noah also ventured into building accessory dwelling units (ADUs), capitalizing on favorable legislation that made the process more affordable and accessible.

Noah now successfully manages multiple properties remotely and has expanded his ADU projects to include five units. With his entrepreneurial spirit and ability to seize innovative opportunities, Noah Hoffman continues to flourish in the real estate industry.

Connect with Noah Hoffman: https://www.instagram.com/noahhoffmanairbnb/

Communication with Guests on Airbnb

• Importance of providing key information
• Bedroom/bathroom details
• Location
• Price
• Offering discounts to guests
• Based on requests or short notice check-ins

Managing Airbnb Properties

• Coordinating with service providers
• House cleaners
• Handymen
• Delegating property management tasks to staff
• Keeping detailed property information
• Appliance model numbers
• Warranty information

Offering Additional Services to Guests

• White glove services
• Pre-arrival groceries through partnerships with services like Instacart
• Starting with free or low-cost options, gradually incorporating income-generating services

Maximizing Rental Income

• Splitting a house into multiple units
• Especially in expensive areas like the Bay Area
• Meeting the demand for furnished rentals for traveling workers
• Willing to pay around $2000 a month

Real Estate Investing Strategies and Financing

• Creative financing and wholesaling for finding off-market deals
• Purchasing properties without getting loans in their name
• Personal branding and networking for attracting investors

Speaker's Journey in Real Estate

• Starting as an entrepreneur at a young age
• Gaining mentorship and work experience in property management
• Gradually expanding from managing properties to buying their own

Fundraising and Crowd Funding

• Using a platform like Air Me for a large fundraising call
• Transitioning from a 506b investment to a crowd funding campaign
• Hiring a SEC attorney and finding a SEC approved platform
• Importance of having a website for investor announcements and updates

Challenges and Lessons Learned

• Challenges with managing properties with pools
• Experiences with buying and selling deals from wholesalers
• Struggles with effectively managing a cold caller
• Balancing personal involvement and delegation as a business owner

Growth and Future...

Daniel Dorfman is the visionary behind Roots, a real estate fund designed to provide affordable access to great return properties. He recognized the need for a win-win situation where residents could feel invested in the homes they live in, while also ensuring cash flow for investors. Dorfman observed that traditional security deposits often discouraged tenants from caring for the property, leading to a decline in quality. To address this issue, he created a unique model where tenants become partners in the investment from day one, acquiring a percentage ownership stake in the building and portfolio. Additionally, through the Living in Lake Yona program, tenants have the opportunity to earn rental rebates by responsibly maintaining the property and being good neighbors. Dorfman's innovative approach has not only transformed the tenant-landlord relationship but also yielded impressive results, with higher rent payment rates and improved asset quality. While challenges and resistance are expected, the Roots model is designed to incentivize participation and foster a partnership mentality among residents.

Connect with Daniel Dorfman: https://www.investwithroots.com/

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"You can invest 10,000 hours and become an

Abbas Mohammed is a successful real estate investor who made a name for himself in the multifamily sector. His journey began at the age of eighteen when he entered the real estate industry as a residential agent. Though he initially struggled, Abbas soon found his footing and rapidly rose in the ranks. Within just four and a half years, he earned a spot as one of the top 15 agents in the country, working under REMAX and managing a team of 25 virtual assistants. With his residential business flourishing, Abbas faced a new challenge – how to effectively invest the surplus cash generated from his sales. Initially, he considered building a single-family portfolio. However, upon closer examination, he realized that he would have limited control over the value of these homes, which largely depended on external factors such as interest rates and affordability. Sensing potential pitfalls, Abbas decided to explore other investment options. After thoroughly researching various avenues, Abbas stumbled upon the world of multifamily real estate. Intrigued by the numerous advantages it offered, he quickly made the bold decision to skip single-family investments altogether and dive straight into multifamily. His first venture involved a 64-unit property, a leap of faith that would prove to be one of the best decisions he ever made. Since then, Abbas Mohammed has continued his successful journey in multifamily real estate, leveraging his expertise and experience to further expand his portfolio. His story serves as an inspiration to aspiring investors, showcasing the rewards that come from strategic decision-making, calculated risk-taking, and an unwavering pursuit of success in the real estate industry.

Connect with Abbas Mohammed: https://modelequity.com/invest-now/

Key Topics & Bullets:

Challenges in Raising Money for Real Estate Deals

• Difficulty encountered by the speaker in raising money for real estate deals
• Concerns about using other people's money and the associated risks
• Hesitation in accepting a $50,000 investment due to lack of guarantee on returns
• Positive outcome of a deal with a 29% increase in NOI
• Realization of the seriousness of using other people's money in investments
• Emphasis on the importance of being careful and responsible when dealing with other people's money

Building Relationships with Brokers in Multifamily Real Estate

• Strategy of targeting newer brokers on teams rather than top brokers
• Easier communication and relationship-building with junior brokers
• Importance of treating brokers like friends and being known and trusted by them
• Being omnipresent, active on social media, and diligent in the deal process to establish trust
• Quick response to deals, being communicative and honest to build trust
• Following through on promises and avoiding unnecessary changes or renegotiations
• Establishing deep relationships with brokers through diligence and keeping promises
• Appreciation from brokers for the effort put into deals, even if they don't close

Scaling and Growing the Business through Hiring

• Hiring the first virtual assistant in 2019 and subsequent hires before COVID
• Instruction to the hiring manager to continue hiring nonstop during COVID
• Significant growth of the team from three people to twelve and then from 12 to 25
• Tripling business income in 2020 and again in the following year
• Realization that delegation and hiring people with different skills are essential for growth
• Hiring someone to focus on raising equity from high net worth individuals and family offices
• Prioritizing hiring people who can do what the speaker is trying to...

Welcome to another episode of the REI Mastermind Network! In today's episode, host Jack Hoss is joined by the inspiring Jorge Contreras, a successful entrepreneur and real estate investor. Their conversation dives deep into the power of mentorship and how it can impact our lives and businesses. Jorge shares personal stories of his challenging upbringing and how he overcame limiting beliefs to achieve success. He also reveals his strategies for building a highly efficient and semi-passive business in the vacation rental industry. From communication systems to team building and pricing models, Jorge provides valuable insights and practical tips that can elevate your real estate game. So, grab your notepads and get ready to take your business to the next level with this enlightening episode of the REI Mastermind Network!

Connect with Jorge Contreras: @TheJorgeContreras on Instagram

Key Topics and Bullets:

The importance and challenges of mentorship

• Some people don't see the value in mentorship
• Speaker notices a mom and daughter duo not taking their mentorship event seriously
• Some people pay for mentorship but fail to take action or value what they learn
• Speaker personally values mentorship and learns something positive from every experience

The Jorge's background and personal growth journey

• Growing up in a household with two Mexican immigrant parents involved in illegal activities
• Facing challenges and limiting beliefs about relationships, business, and trust
• Realizing the need for personal development, mentorship, and therapy
• Learning to take responsibility for applying mentorship learnings to all areas of life

Overcoming limiting beliefs in business

• Two limiting beliefs creating a bottleneck in hiring and delegation
• Many people become entrepreneurs but end up working long hours and becoming slaves to their businesses
• The value of learning from millionaires and attending trainings with Tony Robbins
• Overcoming limiting beliefs and implementing new strategies for business success

Building a team and creating a semi-passive business

• The intensive nature of the Airbnb business and the need for systems and processes
• Building a team with cleaners, maintenance personnel, and a communications coordinator
• Streamlining communication through tools like Slack and property-specific channels
• Fostering a culture of communication and delegation among team members
• Involvement in major issues only, while team members handle day-to-day tasks

Hiring, probation periods, and building a reliable team

• Using social media and online platforms to source for team members
• Choosing individuals over large cleaning companies for cost-saving and consistency
• Implementing a probation period to ensure a good fit
• Belief in finding great people and continuing hiring until the right ones are found
• Retaining team members for long periods of time

Pricing models and amenities for vacation rentals

• Basing rates on fair market rent and aiming for 10% of fair market rent as a nightly rate
• Breaking even at 10 nights, doubling rent at 20 nights, and tripling at 30 nights
• Providing accommodations for 10 people with better experiences at a fraction of hotel costs
• Offering the most and best amenities to attract bookings and generate revenue
• Converting garages into game rooms for enhanced staycation experiences
• Utilizing professional real estate photographers for marketing visuals

Leveraging...