BTM190: I Own A Completely Virtual Real Estate Business with Property Manager Edward O’Daniel

Edward O’Daniel, today’s guest, is a disabled Army Veteran that owns rental real estate and a property management company. Edward enjoy doing deals on cruise ships in the middle of the ocean but also enjoys adding value to new investors and property managers alike. So if you’re in the market for a property manager, learning to be one, or want to learn about the lifestyle design of our 4 hour work day guest, then this episode is for you.

Key Points From This Episode:

  • Doing deals through networking with Agents & Investors
  • Edwards unique technique for new property management clients
  • Edwards favorite marketing and motivational podcasts
  • The deceptiveness of “turnkey” rentals
  • Edwards 4-hour daily work schedule
  • The low overhead in property management

Links Mentioned in Today’s Episode:

Edward’s Website

Recommended Book:

Rich Dad, Poor Dad by Robert Kiyosaki

Listen to this book for free!

Lifestyle Design App:

Microsoft Teams

BTM188: 2022 CRE Tactics – Apartments, Self Storage & Data Centers with Terry Hale

Today’s guest, Terry Hale, is a commercial real estate rockstar with 20+ years experience in the industry. As an investor, Terry experienced the ups and downs of varying niches in the commercial space. Starting as an apartment investor, Terry abruptly realized that the self storage space was where he wanted to settle. It quickly proved to be one of the few asset classes that could produce in the worst of economy’s.

Today we discuss Terry’s transition to self storage, why he’s such a strong advocate for it and where he see’s commercial real estate going in the next few years. By the end of the episode, you will be crystal clear on the most important things you newbie investors to know and do when getting into apartments, self storage and data centers.

Key Points From This Episode:

  • How to calculate Cap Rate
  • Why Self Storage vs. Traditional Apartments in 2021?
  • Why Data Centers can be a sneaky lucrative asset class
  • How Attorney’s kill deals
  • Why talking to Brokers is the most powerful thing a newbie can do
  • Networking or Underwriting, what’s more important?
  • Terry’s 3 Prong approach for analyzing deals

Links Mentioned in Today’s Episode:

Terry’s Website

Recommended Book:

Think and Grow Rich Napoleon Hill

Listen to this book for free!

Lifestyle Design App:

Loopnet

BTM181: Real Estate & Clubhouse, What’s Possible? with Travis Rice

App Store -> Search -> “Clubhouse”

Imagine going to a free conference side by side with some of the best and brightest in their area of expertise. In our case, we’ll use real estate investing.

At this conference, you’ll be able to have meaningful direct conversations with the biggest real estate magnates as if you paid for their $100,000 per year coaching.

You’ll be able to discuss anything in your life and business – what’s working, what’s not working and get direct feedback on how to move forward.

You’ll be able to be a fly on the wall while these same mentors help others build 6 and 7 figure businesses.

You’ll be able to network and start your own groups and hold yourself and others accountable.

Again, all for free.

Wouldn’t this be a heck of a conference?

Well, that’s Clubhouse… a casual, drop-in audio conversation app

Where you can tune in to live, real time conversations all around the world.

Here’s why I think this app is important for real estate investors:

  • Get Inspired – From daily affirmation rooms to weekly ‘how to find a deal’ rooms, there’s no shortage of inspiration and coaching from this platform.
  • Build Your Team – Spend 30 minutes in a room and you could come out of there with a new realtor, contractor, attorney and title company.
  • Find Deals – I’ve been in rooms where deals are happening live. Tune in to the next episode of the BTM podcast to hear from an investor who found his last deal through clubhouse.

Now this app is really new (they haven’t IPO’d yet) and hundreds of thousands of people are downloading it every single day so I’m sure that you may have already use it – if that’s the case, lets connect – @darayolaleye

While you’re at it, connect with today’s guest, Travis Rice (@travisrice) a digital strategist who used clubhouse as a foothold to kickstart his real estate business, raising $14,000 in 36 minutes live from the app. Having grown his group ‘Real Estate Money Club’ to 25K+ members in a few short months, he’s made headway as the lead digital strategist for a shipping container development company that specializes in renewable, sustainable and affordable housing.

Links Mentioned in Today’s Episode:

Travis’ Website

Recommended Book:

Rich Dad, Poor Dad by Robert Kiyosaki

Listen to this book for free!

Lifestyle Design App:

Google Calendar

BTM167: The 5 Step Formula for Finding Money Partners in a Virtual World with Dave Dubeau

Today’s guest, Dave Dubeau, like many investors used traditional financing to acquire his first few deals. Like many investors, before he could get the ball rolling, the banks cut him off.

On today’s episode, we discuss Dave’s plunge into finding money for his deals and how he’s been able to create a systematic approach to it over the years. This approach is what he attributes to raising millions of dollars over the years and how he’s been able to scale his portfolio and business to suit he desired lifestyle.

Key Points From This Episode:

  • Why it’s important to build personal relationships
  • Actual scripts to contact your potential investors
  • How to raise money without being salesy
  • Tips for online meetings and presentations to potential partners
  • How to actually ask for the money
  • Why create an email warm up campaign for prospects
  • The importance of gift giving in business
  • Ideas for becoming an authority online
  • How to grow your business through referrals
  • Why you shouldn’t ‘pay’ for referrals
  • Creating competition around your deals

Links Mentioned in Today’s Episode:

Dave’s Website

Recommended Book:

The Ultimate Sales Machine by Chet Holmes

Listen to these books for free with Audible!

Lifestyle Design App:

Zoom Online Video

Convertkit: Email Service Provider

BTM 5K Challenge

BTM140: Million Dollar Luxury Listings & 7 Figure Businesses with Keir Weimer

At the age of 23 as a senior in college, today’s guest Keir Weimer plead guilty to vehicular manslaughter after a boating accident. Keir served a 5 year sentence in prison that completely changed his life. At first things were hard and his incident followed him everywhere he went but eventually success started finding Keir because he started to use his unfortunate experience to fuel his fire.

Through dedication to his vision, within another 5 years he was able to build multiple 7-figure businesses in the real estate world. Keir started out as a agent and things were difficult his first year – he accumulated thousands in debt and was not able to do a single deal. Off handedly, that same year he was able to develop 30 million dollars in inventory and over 30 listings.

On today’s episode, we dive into Keirs reason for jumping straight to luxury real estate with no experience and how important it is to expand your mindset and network.

Key Points From This Episode:

  • Keirs 1st year as an agent with 0 deals and 40K in debt
  • How Keir acquired 30 luxury listings valued at 30 million dollars in 12 months with no experience
  • How Keir partnered with his professor to acquire 250M over 2000 apartments in the US
  • How to go from $0 in sales to $10 million in sales
  • A creative way to acquire your 1st waterfront resort
  • Could the most importantly thing to focus on in your business in 2020 be your personal brand?
  • Tips on increasing your price point

 

Links Mentioned in Today’s Episode:

Keir’s Website

Recommended Book:

Think and Grow Rich

Listen to this books for free with Audible!

Lifestyle Design App:

Coach Me App

5 Minute Journal App

BTM Newbies Guide