BTM 78: How To Scale Without Losing Your Mind with Tim Bratz
Tim Bratz is the CEO and founder of CLE Turnkey Real Estate, a real estate investment company that acquires and transforms distressed commercial and apartment buildings into high-performance investment assets. Tim began his real estate career in 2007 as a commercial broker in the competitive NYC real estate market, where he saw the true potential of real estate to transform lives. Working in real estate, Tim has learned how to build a passive business and create a residual income that allows him to live the lifestyle of his choice.
On today’s episode, we talk to Tim Bratz about how you can build a business around your ideal lifestyle. Tim breakdowns how he went from being a real estate broker to owning a 300+ real estate portfolio in Ohio, SC, GA, FL, and TX. You’ll learn why you should focus your energy on the faithful vs. fearful “what-ifs” when investing in real estate. Lastly, we discuss how you can build up your track record as an investor quickly and the 2 things you need when raising private capital for real estate investments.
Key Points From This Episode:
- The story of how Tim used a $15K credit card to buy his first house at 23 years old
- Tim’s journey from flipping houses to owning a $90 Million real estate portfolio by the age of 33
- How you can leverage real estate to develop passive & residual income that allows you to do what you want, when you want, wherever you want
- Why you don’t need 100% ownership on big deals and how to leverage other people’s time & money to scale your investing efforts
Links Mentioned in Today’s Episode
Tim’s Website: https://cleturnkey.com/
About Tim Bratz: https://invite.commercialempire.com/millions
Tim’s Favorite Book: 12 Pillars by Jim Rohn https://amzn.to/2R7OqBP
Tim’s Favorite Lifestyle App: VRBO is the easiest way to plan, search, and book your next trip. https://www.vrbo.com/mobile
Freebie: Download any 2 audio books for free when you try audible for 30 days: https://beforethemillions.com/book
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BTM 77: How To Create Your Personally Tailored Business Strategy With Mitch Stephen
Mitch Stephen has been a self-employed RE investor for 20+ years. His real estate investing career started at the age of 23 when he read “Nothing Down” by Robert Allen. Mitch’s company, Independence Day, Inc., has bought and sold over 1,500 properties in and about San Antonio, Tx since 1996. Mitch has recently been named one of the Top 9 RE Investors to follow on Twitter. Mitch’s personal expertise includes; Raising Private Money, Finding Bargain Properties, Negotiating Favorable Terms, Dealing with Renovations and Contractors, Selling Houses & Notes with little to NO Discount, and helping others deal with the everyday throws of life in business.
On today’s episode, Mitch talks with us about how he earned a first-class degree in entrepreneurship from the streets and why it’s important to understand the difference between working on vs. working in your business. Mitch shares his story of becoming an accidental real estate investor after buying his first condo purchase and how he ended up getting paid to live for free. You’ll learn what owner financing is and the # 1 difference between making a good living vs. earning millions in passive income.
Key Points From This Episode:
- How you can make offers on real estate deals by becoming a professional deal finder
- Why Investing in Mentoring Can Propel Your Real Estate Investments
- How Mitch brought 62 houses (profited $500K down payments) and created a cash-flow of $32K/month
- The story of Mitch paying his wife 1-year salary ($36K) in 1 month and got her to quit her 9-5
- Why being a wholesale/flipper will not get you long-term wealth for you and your family (what to do instead)
Links Mentioned in Today’s Episode
Mitch’s Website: http://1000houses.com/
Mitch’s Favorite Books:
Forever Cash https://amzn.to/2CRrJPk
Doing Business with GOD: https://amzn.to/2Erawhg
Think and Grow Rich https://amzn.to/2CLzRkp
Nothing Down https://amzn.to/2NIi7HF
Self-made in America https://amzn.to/2NJRaDB
Freebie: Download any 2 audio books for free when you try audible for 30 days: https://beforethemillions.com/book
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Every week, we send an email sharing my best advice, tips and strategies related to Real Estate Investing. Each of these weekly emails contain relevant and actionable information that can help you no matter where you are in your investing journey.
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BTM 76: Should You Consider Coaching? Client Case Study
This is a special client interview edition of the Before The Millions podcast you’re going to want to hear…
This interview is insanely awesome and proves anything is possible.
Everything is covered. The doubt. The struggle. The perseverance. The triumph.
I could not have written a better story even if I tried. You’re going to love this interview.
If you’ve ever wondered whether what we do at Before the Millions will work for you, then this interview should answer that question once and for all.
Because in the hottest market on the planet, our client, Teck, became a full fledged real estate investor this year..
In fact, as you’ll hear. it was REALLY hard work. This guy’s a machine. He did things most people simply aren’t willing to do. Simple things. Things we suggested… but still the things most people don’t put the time and energy to do.
So while I’m excited for you to hear Teck’s story, I’m not saying your results will look like Teck’s. Unless you’re an absolute machine like he is, they won’t. But you can definitely learn from his experience.
This interview will absolutely shift your understanding of what’s possible for you if you’re willing to work hard and follow a proven system.
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Every week, we send an email sharing my best advice, tips and strategies related to Real Estate Investing. Each of these weekly emails contain relevant and actionable information that can help you no matter where you are in your investing journey.
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BTM 75: The Closest Thing to Guaranteed Money: Pros & Cons with Ryan G. Wright
Almost 10 years ago, Ryan G. Wright started investing in fix and flip properties. He soon saw that it was difficult to get funding quickly on these properties, much less from reputable and reliable sources. The solution was Do Hard Money, a private hard money company that offers short-term funding for real estate investors. Coming from a background of real estate investing, he understood the needs investors have. He wanted to provide a way for others to grow their real estate investing business by offering short term loans with no money down and no monthly payments. Ryan has been a featured speaker for Bank of America, CitiMortgage, Wells Fargo, Bank of America, Inside Mortgage Finance and the ReCaptivate Conference for real estate professionals.
On today’s episode, we talk to Ryan about the secrets to success (show up, show up on time and show up prepared) in getting started in investing in real estate. Ryan talks with us about the concept of using private lending and hard money rental loans to finance your real estate investment deals. You’ll also learn the pros and cons of investing in single family housing vs. duplex/triplex and multifamily deals. Lastly, Ryan shares with us how lenders can sometimes construct demand based upon how much capital they have available.
Key Points From This Episode:
- How investing in single family can be a better option than multi-units (tenants, turnover, cash flow, etc.)
- Why your goals shouldn’t never be tied to your self-worth
- The 2 ways you can use hard money lender to buy rentals (Low cash to close or hard money rental loan)
- What is a hard money rental loan (what is the process, requirements, terms, conditions, etc.)
Links Mentioned in Today’s Episode
Ryan’s Website: https://www.dohardmoney.com/
Ryan’s Favorite Books: Atlas Shrugged by Ayn Rand https://amzn.to/2OtPqmb
Ryan’s Favorite Lifestyle Design App: Audible is the largest selection of audiobooks and original audio performances anywhere! https://www.audible.com/
Freebie: Download any 2 audio books for free when you try audible for 30 days: https://beforethemillions.com/book
Access The Best Strategies, Tips & Advice !
Every week, we send an email sharing my best advice, tips and strategies related to Real Estate Investing. Each of these weekly emails contain relevant and actionable information that can help you no matter where you are in your investing journey.
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BTM 71: The Ultimate Buying & Selling Machine: Virtual Day Trading Real Estate with Larry Goins
Larry Goins has been investing in real estate for over 30 years. Previously, Larry served as president of the Metrolina Real Estate Investors Association in Charlotte NC, a not-for-profit organization that has over 350 members and is the local chapter of the National Real Estate Investors Association. Larry is an active real estate investor and travels throughout the United States speaking and training audiences at conventions, expos, and Real Estate Investment Associations on his strategies for buying and selling houses. Larry also has a podcast on real estate investing Brain Pick a Pro, where he interviews experts from real estate and give his own expert advice. Between speaking engagements and mentoring other investors, Larry oversees the daily operations of his investing business that wholesales properties, seller finances properties and holds properties for investment.
We talk to Larry about how he got started in real estate investing and the breakdown of his first deal using a FHA loan. Larry talks about the two types of ways you can get into real estate (business vs. investing) and some of the methods he has avoided investing in (e.g. short sale, rehabs and more). You’ll learn how wholesaling and day trading maybe one of the best ways to get started your investment journey. We discuss the importance of learning how to focus one thing you can do to increase your income, enjoy life, reduce your expenses, and spend your time the way you want to. Larry shares with us what a personal vision is and how you can use it today to create the life you want for yourself and your family.
Key Points From This Episode:
- First steps to take before beginning your investing journey (creating a lot of cash to replace your W2 income, pay off any debts and start reserving income to start investing long term)
- Why investing in a mentoring was the best worthwhile investment Larry has ever made
- Understanding how income as a measurement of value that you are putting out into the world
- You should always have your finger on the pulse of your business even after hiring employees
- The 2 ways you can go in business (keep it small and own it 100% or grow & scale)
- How partnerships helped grow Larry’s network and expanded his business opportunities
- What real estate day trading is (how to get started, story of Larry’s first deal, how the process is today etc.)
- Best practices on finding deals using direct mail, telemarketing, Facebook ads, and bandit signs
- Why having a budget on marketing is key to success with wholesaling and day trading real estate
- Structuring a Deal: The 2 major things you need (a good cash price or good terms)
Links Mentioned in Today’s Episode
Larry’s Website: https://LarryGoins.com
Larry’s Favorite Book: Lessons By The Richest Man Who Ever Lived http://a.co/d/dgs71yb
Recommended Books:
The Power of the Self Conscious Mind http://a.co/d/7cFhVuH
The One Thing https://www.the1thing.com/
The Pumpkin Plan http://a.co/d/fspjIeN
Download any 2 audio books for free when you try audible for 30 days.: https://beforethemillions.com/book
Larry’s Favorite Lifestyle Design App: Deal Machine-Build freedom through real estate. Find profitable off-market real estate deals by simply taking a photo with our mobile app. https://dealmachineapp.com/
Recommended Websites/Apps:
Land Glide-Hover over a property to instantly discover details, including owner, address, and APN. http://reportallusa.com/solutions/landglide/
Zillow- The leading real estate marketplace. https://www.zillow.com/
Docusign- makes it easy for you to send out documents for signature. https://www.docusign.com/
Access The Best Strategies, Tips & Advice !
Every week, we send an email sharing my best advice, tips and strategies related to Real Estate Investing. Each of these weekly emails contain relevant and actionable information that can help you no matter where you are in your investing journey.
Sign up to join our community