BTM131: Buy, Rehab, Rent, Refinance & Repeat with Mark Owens
Mark has been an active Real Estate investor in the Baltimore Maryland area for the last 15 years. With over 100+ rental units, Mark on our guest for today’s show to teach us the infamous BRRR strategy where you find a deal and do the following: buy, rehab, rent, refinance and repeat.
Mark and I also discuss the metrics behind getting deals done. So if you’re wondering how many postcards should you send out or how many calls you should make before expecting a deal, listen to this episode.
Key Points From This Episode:
- The math behind the BRRRR Strategy
- Why single family homes cashflow better than multifamily
- How much effort it takes to get your 1st deal done
- How many yellow letters equal 1 deal
- The importance of credit when refinancing
Links Mentioned in Today’s Episode:
Recommended Book:
10X by Grant Cardone
Listen to this books for free!
Lifestyle Design App:
BTM120: Heat Seekers & High Value Targets
What’s the best way to get in front of potential clients?
How do I leverage my current resources to grow exponentially?
Who should be helping me to build my business and have a bigger impact?
In this bonus, “heat seekers and high value targets” episode, I’ll cover the exact what you need to know about scaling your business systematically with the time you’ve set aside afterwork. This one is a special treat, enjoy!
Key Points From This Episode:
- How to figure out your most important business task
- When and why to delegate, automate and delete
- How to incorporate more $10,000 per hour tasks in your biz
Links Mentioned in Today’s Episode:
Before The Millions Mastermind
Listen to your next 2 audio books for free!
BTM112: Real Estate Way to Wealth And Freedom
Daray is a successful Real Estate Entrepreneur and Business Coach. He mentors overwhelmed and unfulfilled employees in the professional world through the process of creating and building a lifestyle business through real estate investing so that they can escape the rat race and live a life of their design.
While simultaneously growing his passive income portfolio of real estate assets and business accolades, he’s channeled his burning desire to help others by urging a change in their beliefs about who they are and what type of lifestyle they’re able to achieve with the right mindset, focus, and leverage.
When Daray isn’t working, he can be found traveling, trying new cuisines, volunteering at Start of Hope and on his social media platform of choice Instagram.
Key Points From This Episode:
- Trading your time for dollars vs. trading your value for dollars
- Burning out working a 9-5 for a Big 4 accounting firm
- Pursuing your true passions and talents
- House hacking a 4-plex as your first investment
Links Mentioned in Today’s Episode:
Recommended Book:
12 Week Year
Listen to this books for free!
BTM 87: I’m Quitting (Building My Lifestyle Business) with Daray Olaleye
This new year has brought about many realizations…
Some of you are long time listeners and clients of Before The Millions
This affects you more than you think
Let me start by saying this:
I’m Quitting….
I’m quitting everything that doesn’t serve me
I’m quitting everyone that doesn’t add value
It’s 2019 and the only way to get where you’ve never been is to do what you’ve never done.
If you’re still being held back by your lack of support, lack of finances or lack of direction
then it’s time that you too reevaluate the things in your life…
Me personally, I’m quitting my business…
That’s right, I said it..
I’m quitting my business
Maybe not in the way that you’re thinking of but regardless its a massive decision that I do not take lightly
This includes a complete reversal from the the current direction and cutting off unwanted fat
That’s just the beginning of my 2019 list..
I know you’re adding or implementing a whole lot to start the year
but I’ve found it therapeutic to do the exact opposite.
So I’ve been on a terror to DELETE, DELETE, DELETE..
There’s one thing I know for certain
You’re going to have to become a new person this year to get to your newly inspired goals..
On this episode of the BTM Podcast, I provide exactly what you need to make this happen
I also discuss in depth why I’m quitting my business and a few other things I’ve decided to DELETE
I know it’ll kick start your year the right way so that you can put your best foot forward
Happy New Year, it’s on onward and upward from here,
Daray Olaleye
Books Mentioned on Today’s Show:
Code of the Extraordinary Mind
The Go-Giver
12 Week Year