BTM193: Ensuring Your First Renovation Project Is Profitable with Van Sturgeon

Van Sturgeon, today’s guest has many titles.. real estate investor, home builder, renovator, general contractor and high performance coach. With over 1,000 properties in his portfolio, he’s been able to semi retired from those titles but is still pushing forward to help new investors with their rehab projects.

On today’s show, we’ll discuss the world of a contractor and equip you with the knowledge the successfully execute an on time rehab (within budget) and with profit.

Key Points From This Episode:

  • Why inexperienced contractors under charge and flame out
  • How to find the best General Contractor for your job
  • The difference between traditional rehabs and rental grade rehabs
  • If you are a real estate investor, why you should act as your own GC.
  • What is the correct order of operations in a rehab
  • How to create a scope of work
  • Why you should have a no tolerance attitude towards contractors
  • How to systematically pay your rehabbers

Links Mentioned in Today’s Episode:

Van’s Website

Recommended Book:

Think and Grow Rich by Napoleon Hill

Listen to this book for free!

Lifestyle Design App:

Quickbooks Accounting Software

BTM186: Lifestyle Design Virtual Deals with Australia Based Investor Alicia Jarrett

As a global real estate investor, Alicia Jarrett, today’s guest knows all about lifestyle design. Based in Australia, she’s been able to build her portfolio and flipping business in the U.S. with a virtual team doing (practically) all of the heavy lifting.

On today’s show, we cover a wide array of topics from the difference between investing in North America vs. Australia and other international countries to the team of realtors, contractors, title companies and virtual assistants that allow Alicia to do virtual deals from a yacht in Croatia or the snow in France. Over time her preference has went from flipping single family homes to flipping vacant land and we’ll dive into all of the details here on today’s show.

Key Points From This Episode:

  • Australian Real Estate vs. U.S. Real Estate
  • The market cycles of the flipping business
  • Why land can be a more attractive investment
  • Effectively building a virtual team
  • How important the right realtor can be for your success
  • Contractors and Virtual Investors.. The good, bad and ugly

 

Links Mentioned in Today’s Episode:

Alicia’s Website

Recommended Book:

Awaken the Giant Within by Anthony Robbins

Listen to this book for free!

Lifestyle Design App:

Time Buddy – Time Zone App

BTM160: 5 Most Profitable Mobile Home Investing Strategies with Jay and Samera Harvey

Jay and Samera started their mobile home investing journey in 2017 after losing over $90,000 in unsuccessful real estate deals. In 3 short years, they have completed over 400 mobile home transactions and perfected the process of creating quick cash and cash flow using basic real estate strategies in mobile homes parks.

On today’s episode, we walk through their journey, how they found their niche and how they built a business as a couple that creates their lifestyle design.

Key Points From This Episode:

  • How Jay and Samera’s first mentor scammed them out of $30,000
  • The starts and failures of so many business before Jay and Samera find Mobile Home Investing
  • The path to over 400 successful transactions with trailer homes
  • The 5 main strategies for profiting with mobile homes
  • Top benefits of mobile home investing in parks

Links Mentioned in Today’s Episode:

Jay and Samera’s Website

Recommended Book:

4 Hour Work Week by Tim Ferriss

High Performance Habits by Brendon Burchard

Listen to these books for free with Audible!

Lifestyle Design App:

Active Campaign

Google Suite

BTM145: My Single Favorite Tool to Find Analyze & Market for Real Estate Deals with Burton Alicando

If you are an investor and are tired of subpar data providers, going to the county courthouse, wrongly estimating repair costs or the lack of access to the MLS, then I have a solution for you.

There’s a software that I’ve been using in my business for quite some time now, I’ve fostered its use so much so that instead of the 10 different apps that I used before, I now only need 1 other software (said other software will be explain in detail in an upcoming episode).

For this amazing episode, I brought on Burton Alicando, the Senior Product Specialist for the software that I use to find, analyze and market my real estate deals.

Key Points From This Episode:

  • The biggest mistake newbie investors make when pulling lists or choosing a real estate software for their business
  • A way around the outdated time consuming way of getting the data you need to make offers
  • The misconception that you need a realtor for MLS level data
  • A way around the anonymity of non disclosure states and sold prices of homes
  • How a newbie investor can be spot on with estimating repair costs
  • How you can find, analyze and market to your leads with one tool

This is one of my favorite software tools to date because it does so much in my business. If you are an investor, here are some of the things you can look forward to with this software:

  • Generating Leads Lists (with MLS level data) – Pre-foreclosure, vacant, bankruptcy, utility liens and much more
  • Vetting Properties – Comparables, mortgage balances, tax info, title research and much more
  • Calculating Rehab Costs – Labor/material cost data is sourced at the county-level nationwide so allow the software to guide you through the right renovation budget
  • Marketing Tools – Postcards, email marketing, voicemail drops and much more including your own customizable landing page website.

When you sign up, it will come with a full access 7-Day trial to make sure that you absolutely love the software before you pay anything.

Links Mentioned in Today’s Episode:

To learn more visit: beforethemillions.com/deal

BTM143: Top 2020 Real Estate Investing Strategies (Debunked & Explained)

What are the top strategies that new real estate investors should look into this new decade:

Flipping?

Rental properties?

Apartments?

Wholesaling?

Or creative strategies like Owner Financing?

Subject-to?

or maybe even a tenant buyer strategy or two?

On today’s episode, not only will we take a deep dive into each of these strategies but we’ll discuss what’s working in 2020 and how to select a vehicle based on your goals, experience, resources and timeline.

This is a fun filled jam packed episode that is going to expand your thinking when it comes to risk and no money down strategies in real estate as well as serving sellers and buyers as an investor while still making massive profits.

Key Points From This Episode:

  • What the Motivated Seller Method (MSM) is and how to implement it today
  • How to profitably overpay for properties
  • How to get a deal done with any seller in any market
  • Massive profit exit strategies for your investments
  • The idea of serving
  • How Daray navigated through these strategies in the past 4 years
  • Another way to use OPM (Other People’s Money)
  • How to structure 3 large paydays for every deal
  • Cash Flow vs. Lump Sum Cash and how to get both simultaneously

Links Mentioned in Today’s Episode:

Motivated Seller Method (MSM)