Real Estate Investment

Resources

Learn More About Michael’s Deal Maker Blueprint

Financial Freedom with Real Estate Investing by Michael Blank

Wall Street Journal Article on San Francisco Office Space

The post MB417: Expand Your Comfort Zone, Create Wealth — With Garrett Lynch & Michael Blank first appeared on Apartment Building Investing with Michael Blank.

Overcoming the Fear of Investing in Multifamily Real Estate

MB Digital Team — Tue, 09 Apr 2024 13:06:30 -0400

Not sure if now’s the right time to invest because the market seems crazy?

It's easy to get overwhelmed by the nature of today's real estate market. The ups and downs can make anyone hesitant, especially when considering an investment in multifamily real estate.

The problem is that you’re afraid of taking the first steps to invest in real estate, even though right now is the best time to get started.

So how do you overcome this fear?

The key is mastering an investing skill that no one ever shared with me. When I discovered it on my own, it allowed me to move forward and make real, measurable progress.

The Root of Investment Fear

Fear in real estate investment often stems from the perceived risk of losing money and the uncertainty of market conditions.

For many, the idea of investing a lot of money in a property only to watch its value plummet can be scary.

But that scenario isn’t always the case. In fact, if you follow the right process (like ours), you can reduce the risk of this happening.

This fear is made worse by the perceived volatility of the real estate market.

Transforming Fear into Strategic Investment

What ways can you overcome these fears so that you can start investing in real estate?

Stay calm and informed.

Knowledge is a powerful tool.

The market isn’t nearly as fragile as the media and the news want you to believe.

By understanding market trends, economic indicators, and real estate fundamentals (like I teach in my free course), you can make informed decisions rather than reactionary ones.

Staying calm and collected allows for a clear-headed assessment of opportunities and risks.

Embrace counter-culture thinking.

Apartment investing in and of itself is an alternative investment.

Warren Buffet famously said, “Be fearful when others are greedy, and greedy when others are fearful.”

This approach suggests that the best time to invest is often when others sell, and vice versa.

By resisting the herd mentality, you can identify undervalued assets and invest wisely.

Value and risk-adjusted returns.

Focus on the value of the properties and the returns they generate relative to their risk.

Understanding the concept of risk-adjusted returns can help identify investments that offer the best balance between risk and profitability.

Understanding market dynamics.

Multifamily deals NOW are completely different from multifamily deals two years ago.

And they’ll be even more different two years from now.

The nature of these deals will change over time. You must stay current with current trends and market conditions.

Courage to act.

None of these are the most significant barrier to investing in apartments – or even trying anything new.

Market conditions .. education .. even money .. are just contributing factors.

The biggest reason people don’t act is because they don’t have the courage to. But once you get educated, you’ll become comfortable with the idea of apartment investing.

This courage to act, backed by knowledge and a supportive network, can lead to significant progress and rewards.

Personal Experience and Learning

Looking back, there were plenty of moments of both fear and greed.

When I first started pursuing passive income, I opened too many restaurants too quickly. I also invested $300K of my own money with a developer I barely knew in Northern Virginia.

Both of those resulted in hefty losses.

I was greedy, and because of my failures, I had to overcome the fears of picking up a new venture: flipping houses.

And I had to overcome them again when I first started investing in multifamily real estate.

Conclusion: The Time is Now

Waiting for ‘perfect' market conditions in multifamily investing may result in missed opportunities.

The key is to educate yourself, stay calm, think independently, and be ready to take action.

With these principles, navigating the real estate market becomes less about fear and more about seizing potential.

Your Thoughts?

Have you experienced fear in making investment decisions?

How did you overcome it, and what lessons did you learn?

Share your experiences and thoughts on how to approach multifamily investing in uncertain times.

The post Overcoming the Fear of Investing in Multifamily Real Estate first appeared on Apartment Building Investing with Michael Blank.

MB416: Monetizing the RV Boom with Wheel Estate — With Garr Russell

Michael Blank — Mon, 08 Apr 2024 13:58:52 -0400

Are you looking to build a business but don’t want to start from scratch? What if you could learn a proven system and receive support from someone who’s done it themselves?

Then you might be interested in an RV rental management franchise, a business that monetizes the RV boom and helps entrepreneurs build wealth with WHEEL estate!

Garr Russell is Founder and CEO of Fireside RV Rental, the Airbnb of RVs. Since its inception in 2015, Fireside has grown into a franchise with 40 locations across the country and hundreds of RVs under management.

A born entrepreneur, Garr has started, scaled and sold several companies. His genius lies in understanding systems, marketing, and forging the way for others.

On this episode of Financial Freedom with Real Estate Investing, Garr joins us to explain how renting out his own RV inspired him to build and scale Fireside.

Garr discusses how RV owners benefit from the Fireside business model and describes how franchisees learn his proven system and receive support from expert RV rental managers.

Listen in for Garr’s advice for aspiring entrepreneurs and learn how to launch, grow and manage a successful RV rental business with other people’s RVs—no prior experience required.

Key Takeaways

What Garr loves about RVing

Community
Variety

Fireside RV Rental’s business model

Put other people’s unused RVs to work
Similar to Airbnb arbitrage

How stakeholders benefit in Fireside’s model

RV owner earns income and gets tax write-off
Low overhead, 40% management fee for franchisee

How Garr got into the RV business

His own RV was sitting around doing nothing
Listed on Craigslist and got interest

Garr’s background as an entrepreneur

Built credit counseling business in 2008
Help rebuild after bankruptcy or foreclosure

Fireside’s business opportunity for franchisees

Purchasing into proven system
Nationwide branding, federally trademarked

Opportunities to scale an RV management business

Add storage facilities, sell RVs on consignment
Dump stations and fleet maintenance

How Garr turned his business into a franchise

Document journey (record daily processes)
Build out in-depth course to teach systems

Garr’s vision for the future of Fireside RV Rental

Scale to 100 franchises by end of year
Continue to support Christian entrepreneurs

Garr’s advice for aspiring entrepreneurs

Make quick decisions and pivot as needed
Buy existing business vs. start from scratch

MB415: Solving for Affordable Housing with Hotel Conversions — With Alex Cartwright

Michael Blank — Mon, 01 Apr 2024 09:46:33 -0400

Good multifamily deals have been hard to find in recent years. And Alex Cartwright was struggling to compete with more experienced investors.

He was looking for a niche that would give him a unique advantage. That’s when he met a broker at a conference who suggested converting a hotel into apartments.

Alex thought it sounded like a pain in the you-know-what. But when he looked at the numbers, Alex realized that the problems were worth solving.

Today, Alex is Founder and Managing Partner at Vilicus Capital, a real estate investing firm that specializes in converting hotels into affordable multifamily housing.

Alex is also Associate Professor of Economics at Ferris State University, where he teaches classes on managerial economics, economic growth and international business.

On this episode of Financial Freedom with Real Estate Investing, Alex joins us to explain what inspired his interest in real estate as a tenured professor making six figures.

Alex shares his twist on the traditional multifamily strategy, describing how he finds hotels that can be purchased cheaply in growing markets and converts them into workforce housing.

Listen in for insight into Alex’s first deal as lead GP of a hotel conversion and learn how to find your niche as an investor to achieve financial freedom with real estate!

Key Takeaways

What inspired Alex’s interest in real estate

99% of active fund managers don’t beat market
Multifamily offers solid chance of beating S&P 500

Why Alex took action as a high-income earner

Past experience with stress of not having money
Wanted to be totally in control of income
Motivated by mission to create affordable housing

Alex’s twist on the traditional multifamily strategy

Niche gives advantage over experienced investors
Hotels can be purchased cheaply in growing markets
Convert to workforce housing where demand is high

Why it’s worth the trouble to do hotel conversions

Hotels trade at lower valuation and higher cap rate
Limited life spans, owners often can’t afford PIPs

Alex’s first deal at lead GP of a hotel conversion

Holiday Inn built in 1985 with distressed owner
120 600 ft² 1BR units already have kitchenettes
$28K per door (plus $13K remodel)
3 months of interest-only seller financing at 7%
$3.4M purchase price, $9.5M after renovation

Connect with Alex Cartwright

Vilicus Capital

Alex on LinkedIn

Connect with Michael Blank

Watch the Webinar on Nighthawk’s Latest Deal

Resources

Learn More About Michael’s Deal Maker Mastermind

Watch Michael’s Apartments 101 Masterclass

Financial Freedom with Real Estate Investing by Michael Blank

Who Not How by Dan Sullivan with Dr. Benjamin Hardy

The post MB415: Solving for Affordable Housing with Hotel Conversions — With Alex Cartwright first appeared on Apartment Building Investing with Michael Blank.

MB414: Case Study of a Real Estate Deal We Didn’t Do — With Drew Kniffin & Garrett Lynch

Michael Blank — Thu, 28 Mar 2024 09:27:10 -0400

Here at Nighthawk Equity, we haven’t done a multifamily deal in 18 months.

So, we were excited to find what looked like an ideal opportunity in Atlanta. And two months ago, we got the deal under contract.

But after spending $15,000 in the due diligence process, we ultimately decided to walk away.

What went wrong?

On this episode of Financial Freedom with Real Estate Investing, I sit down with my partners at Nighthawk, Drew Kniffin and Garrett Lynch, to debrief on the deal we didn’t do.

We explain what we liked about the deal, describing what made it a textbook value-add opportunity and how we planned to renovate the units and upgrade several amenities in the community.

Listen in for insight into the issues we discovered in the due diligence process and learn how to stick to your investment criteria and protect your investors by walking away from a bad deal!

Key Takeaways

What we liked about this multifamily deal in Atlanta

Affordable housing in growing market
Value-add opportunity (property built in 1988)
Price 40% below sales comps
Large floor plans

How we planned to add value to the community

Renovate units, clubhouse and pool area
Resurface and restripe parking lots
Upgrade carwash station and landscaping

What problems we discovered during due diligence

Significant square footage discrepancy of units
Issues with polybutylene piping
HVAC units at least 20 years old

Connect with Michael Blank

Resources

Watch Michael’s Apartments 101 Masterclass

Financial Freedom with Real Estate Investing by Michael Blank

https://apartments101.co/start

The post MB414: Case Study of a Real Estate Deal We Didn’t Do — With Drew Kniffin & Garrett Lynch first appeared on Apartment Building Investing with Michael Blank.

The FIRE Method: Can You Really Retire With It?

MB Digital Team — Wed, 27 Mar 2024 11:29:00 -0400

Are you familiar with the FIRE Method?

FIRE stands for financial independence, retire early.

It’s a concept that’s been gaining increasing popularity over the recent years. The idea is simple: save and invest aggressively, live modestly, and retire in your 30s or 40s – well before 65.

That sounds great, right?

Sure does! But as with any financial strategy, there are some things you should know before trying it out yourself.

Understanding the FIRE Method

At its core, the FIRE method is about maximizing savings and investments to achieve financial independence early in life.

How do they aim to accomplish this?

This approach encourages people to save between 50–75% of their income and invest in low-cost index funds or other reliable investment vehicles.

The goal is to save enough and build enough assets that generate enough income to cover your living expenses and completely replace the money you get from your job.

This would allow you to retire way before the typical age of 65.

The Variations of FIRE

Just like in real estate, there are a few different avenues you can go down with FIRE:

Traditional FIRE: The standard approach, where you live like a pauper to save a large portion of your income for early retirement.

Fat FIRE: Requires a higher savings rate or income to enjoy a more comfortable lifestyle in retirement.

Lean FIRE: Involves living extremely sparingly, both before and after retirement, to make the savings last.

Barista FIRE: Partial retirement, where individuals leave their full-time jobs but still work part-time to cover some expenses and maintain benefits like health insurance.

They might seem different, but the same theme runs through all of them:

Live small and save big while you’re working so you can live small in retirement.

The Challenges of the FIRE Method

The FIRE method has drawbacks. It requires a high income to realistically save the needed percentage of one's earnings, and living frugally can mean sacrificing current pleasures for future security.

When I say save a percentage of your earnings, I mean 50–75% of your income.

That means if you’re making $100K, you’d be living off somewhere between $25K and $50K each year.

And that number will remain roughly the same even into retirement.

The average American will not be able to save enough money to be able to live off. Americans only save $200K by 65.

Plus, the risk of market volatility and unforeseen expenses can impact the feasibility of retiring early.

A Different Perspective: Real Estate Investing

A better option might be through real estate investing.

It offers both passive income and capital appreciation, and if you know how to invest your money properly, you can retire in 1–3 years.

For example, investing in apartment buildings can generate rental income, provide tax advantages, and grow equity over time.

While the FIRE method offers a structured path to early retirement, it's not the only way to achieve financial freedom.

I don’t even think it’s the best way to retire.

Who wants to live like a pauper just to do the same thing in retirement? Not me!

I’ve got the perfect free resource for you if you want to ditch FIRE and other methods that require you to make massive lifestyle sacrifices and instead turn to real estate investing …

The best (and much faster) strategy for retiring early, in as little as one year.

That resource is Apartments 101 – the apartment investing crash course that’ll walk you through everything you need to know so you can decide for yourself if apartments are right for you (which I’m betting they are).

Enroll now and go through it at your own pace.

Click the link below to get started.

What do you think about the FIRE method? Let us know in the comment section!

The post The FIRE Method: Can You Really Retire With It? first appeared on Apartment Building Investing with Michael Blank.

Setting – And Achieving – Goals for 2024

MB Digital Team — Mon, 18 Mar 2024 09:29:43 -0400

A simple system to fix the mistakes of 2023

People always start conversations with the same question every new year…

“So what are your New Year's resolutions?”

“What do you want to do this year that you didn’t do last year?”

Chances are, you set goals that went live on January 1. But by February, many of us will have already abandoned those “gym goals” and fresh starts.

The harsh reality is that more than 80% of New Year's resolutions fail by February.

We start off with high hopes and good intentions, only to lose steam and completely give up.

But it doesn’t have to be that way.

In today’s post, I’ll show you why “new year, new me” resolutions fail, what components make a goal successful, and a blueprint you can follow to crush any goal you set for yourself in the months ahead.

Why do goals fail?

Who do goals fail?

Well, some are just unachievable or realistic.

Find a genie in a bottle … exercise for an hour a day each day when you didn’t do that all of last year … find and develop a cure for cancer …

Right now, none of them are realistic, or even possible.

But more than likely – and this is something I see in many people regardless of age – the real reason goals fail is that they lack clarity.

And the right process.

Any goal that’s vague, or not fully planned out, or even unsupported by other people around you… you can be sure that it will not succeed.

It’s just not enough to journal your goals or recite them in your head. You need a model. You need a plan.

I’ll give you the model – but for it to work, you need to understand what makes a goal successful.

The traits of a successful goal

Good goals are smart goals. And by smart, I mean SMART.

Specific
Measurable
Achievable
Relevant
Time-based

If you can stick to this formula, you don’t just have a goal, you have a path forward. You’ll know the who, what, where, when, why, and even how of a successful goal.

Specific.

First, your goals should be specific. If your goal this year was to lose weight, good. But it’s not specific enough. How much weight? What about losing body fat? Or gaining muscle? Think through these types of questions when setting your goals to ensure you have a very clear goal you can work towards.

Measurable.

Your goals should be measured against some metric. If we’re talking about weight, how many pounds will you lose? If we’re talking about fitness, how are you measuring that? Strength? Flexibility? Whatever your goal, it needs to be measurable and …

Achievable.

Your goal needs to be realistic. It has to be possible to achieve your goal. Otherwise, you’re just setting yourself up for failure. Don’t set something so far up in the clouds that you’ll never reach it. It has to be within reason. For example, learning to fly a plane is a great goal. And achievable with hard work and a thorough plan. Learning to fly by flapping your arms on the other hand… well, not quite achievable, is it? Achieving world peace is a little unrealistic, but you can volunteer locally for a good cause. Feel free to make big goals, but don’t make them so big that you can never achieve them.

Relevant.

Your goals need to be consistent with something you want to achieve. That seems obvious, but I’ve seen a lot of goals like …

I want to do a triathlon. So my goal is to do 200 push-ups each day.

Sure, that’s a lot of push-ups, but that has nothing to do with a triathlon. So maybe a goal of running 5 miles every other day, biking 10 miles every other day, and swimming for an hour every few days would be better.

If you’re serious about completing a triathlon, these smaller goals help you achieve your bigger one.

Time-based.

There’s a reason I said “every other day” in my example above. Your goals need to be bound to some sort of time frame. When do you want to have this goal done by? It’ll give you a deadline and something to work towards throughout the year.

Let’s go through an example together.

Bad goal: I want to do my first deal in 12 months.

Seems like a good one right? But it’s not achievable or specific. What kind of deal? What will you do to achieve it?

Better goal: I will analyze 3 deals per week … or contact 5 potential investors so that I have one meeting per week so that I can do my first deal in 12 months.

How to set goals

Now you know why goals fail and the traits of a successful one. But how do you go about setting them?

The key to setting goals is to start with the end in mind and focus on your “WHY”

What’s your end goal? What do you want and why is that important – or non-negotiable – for you?

Your “why” is the driving force behind the success of any goal you set.

Intentions – the first step is to set your ultimate life vision through “I am” statements. And these should cover all aspects of your life …

Not just financial or physical, but relational, spiritual, and even lifestyle-oriented visions like adventure.

5-Year Vision – we overestimate what we can do in a year and underestimate what we can do in 5. So I want to ask you, where do you want to be in 5 years?

What do you want to be doing? Who do you want to be? What does your ideal life look like in 2029?

Visualizing these things will paint a picture of where you want to be so it becomes real to you.

1–Year Goals – as we zoom in to a closer, 12-month window, identify what you can do this year to move the needle toward your 5-year self.

Remember, all these goals should be SMART.

90-Day Rocks – This is where the heavy lifting starts. Rocks are the small things you can do to achieve your yearly goals.

Usually, this breaks down by quarter and they are 3–5 high-impact activities that you do daily or weekly.

How to stay on track

Writing your goals down is a great way to put your goals from your mind onto paper. You’re more likely to achieve them when they’re stored somewhere permanent.

But I think the best and most effective way is to surround yourself with people who help each other achieve their goals.

I’m in a mastermind that does this, my wife is in a group of other women that does the same thing, and all 4 of my children are in mastermind groups full of other people their age who want to achieve meaningful goals.

There are online forums and communities out there (like our Facebook group), but you can also start an accountability group with the people in your circle back home.

You can also download the exact template I use to track and set my goals by clicking here.

I call it the Living Fully Compass.

Living it out

So what are you going to do over this next week?

I’ll give you a simple action plan:

Carve out 1–2 hours to establish your “why” for your goals

Download the Living Fully Compass (it’s free!)

Start with your intentions and zoom into quarterly rocks

Find 2 peer accountability partners to meet weekly or bi-weekly to discuss progress

And remember, your goals need to be SMART.

Hope this helps you brainstorm, set, and ultimately crush your goals from one year to the next.

Thanks for reading,

Michael

The post Setting – And Achieving – Goals for 2024 first appeared on Apartment Building Investing with Michael Blank.

MB413: Removing Obstacles to Your First Multifamily Acquisition — With Jeremy Lemere

Michael Blank — Mon, 18 Mar 2024 08:46:10 -0400

You don’t know what you don’t know. And if you’re doing your very first multifamily acquisition, every little thing that comes up can seem insurmountable.

But if you have the support of a mentor, they can talk you through those obstacles, prevent rookie mistakes, and alleviate your concerns as an aspiring investor.

Jeremy Lemere is a successful investor and operator of multifamily, commercial, and self-storage facilities in Northeast Wisconsin.

He is also a mentor with the Michael Blank program, and his investment portfolio of $15M is made up of personal investments, self-directed IRA funds, solo 401(k) funds and real estate syndications.

On this episode of Financial Freedom with Real Estate Investing, Jeremy joins guest host Marybeth Noonan to explain how being a student in our mentoring program helped him transition out of his W-2.

Jeremy describes how he stayed connected to our network through a mastermind and eventually joined the team as a mentor, sharing his strengths in understanding finance and capital markets.

Listen in for insight on playing in different asset classes for the best return and learn how a mentor can help you learn the business of being a real estate investor!

Key Takeaways

How Jeremy got into real estate investing

Worried as sole provider for family of 4 in 2008
Started with BRRRR method but ran out of money
Used self-directed IRAs and flips to raise capital
Shifted to multifamily to transition out of W-2 job
Expanded to invest in other asset classes in 2020

How Jeremy became a mentor with Michael Blank

Enrolled as student in Michael’s program in 2017

Stuck with mastermind group as portfolio grew
Michael asked him to join team as mentor

Jeremy strengths as a mentor in our program

Understanding of finance and capital markets
Experience in how to scale out of W-2 job

The benefit of having a mentor as a multifamily investor

Don’t let fears become insurmountable
Someone to check your work in deal analysis

What you need to find success in Michael’s program

Adapt to learning process
Learn end-to-end business operations

Jeremy’s take on the key to successful investing

Prioritize revenue coming in and manage expenses
Must carry profit for investors and yourself

What Jeremy looks for in an investment opportunity

Understand and manage market cycles
Play in different asset classes for best returns

Why Jeremy is excited about his future

Work toward truly passive income in real estate
Hand off operations for more time freedom

What Jeremy would change if he could go back in time

Leave W-2 job sooner to have control of time
Think of it as changing career to real estate

Jeremy’s advice to aspiring real estate investors

Leverage paid mentoring program as foundation
Join mastermind to stay informed, find partners

Connect with Jeremy Lemere

Star Capital Management Group

Jeremy on LinkedIn

Connect with Michael Blank

Resources

Watch Michael’s Apartments 101 Masterclass

Financial Freedom with Real Estate Investing by Michael Blank

Explore Michael’s Syndicated Deal Analyzer

SWOT Analysis

>Come and join us in the FlippingJunkie Group on Facebook!

The post MB413: Removing Obstacles to Your First Multifamily Acquisition — With Jeremy Lemere first appeared on Apartment Building Investing with Michael Blank.

Team Tactics: Taking Advantage of Team Coaching

Claudia Larsen — Mon, 12 Feb 2024 15:31:45 -0500

Coaching is a valuable tool that offers numerous benefits to agents and brokers, let alone teams. Working in real estate requires constant education and development to be at the top of your game, and coaching provides an easy way to pursue this. Hiring a coach can allow team members to grow and flourish within their…

The post Team Tactics: Taking Advantage of Team Coaching appeared first on RISMedia.

Taking a Closer Look at Attorney Contingencies Vs. Agent Commissions

Devin Meenan — Mon, 29 Jan 2024 15:43:43 -0500

The recent antitrust lawsuit inadvertently highlighted something interesting during the trial. The plaintiffs’ attorney successfully argued that the whole real estate industry engaged in collusion and price-fixing. As real estate professionals, we know that isn’t true, right? Here’s the interesting part: Those attorneys who will be paid on contingency literally make their money in exactly…

The post Taking a Closer Look at Attorney Contingencies Vs. Agent Commissions appeared first on RISMedia.

Unlocking Success: The Power of Follow-Up In Recruiting Real Estate Agents

Devin Meenan — Wed, 17 Jan 2024 14:28:39 -0500

In the competitive realm of real estate, recruiting agents is a pivotal task, and the fortune often lies in the art of follow-up. Changing brokerages is a significant decision, and acknowledging the weight of this transition can make all the difference. Culture beyond words Show don’t just tell. Use the follow-up process to immerse potential…

The post Unlocking Success: The Power of Follow-Up In Recruiting Real Estate Agents appeared first on RISMedia.

Mastering Recruitment: Lessons from a Real Estate Journey

Devin Meenan — Wed, 20 Dec 2023 12:53:25 -0500

In the dynamic realm of real estate, success hinges on the ability to attract, recruit and retain top talent. Reflecting on my early days in the industry, the memories of my first listing, first buyer and inaugural closing flood back. Those experiences instilled in me a profound sense of confidence, akin to the surge that…

The post Mastering Recruitment: Lessons from a Real Estate Journey appeared first on RISMedia.

Mike Pappas to Lead Panel on How to Generate Inventory at RISMedia’s 2024 Real Estate’s Rocking in the New Year

Beth McGuire — Fri, 15 Dec 2023 14:30:08 -0500

RISMedia is excited to announce that Mike Pappas, CEO of the Keyes Company, will be heading up an industry-leading panel of real estate experts at the 2024 Real Estate’s Rocking in the New Year, the company’s fourth-annual all-virtual conference to be broadcast live on Jan. 11, 2024. Click here to register! Pappas’s panel, “How to…

The post Mike Pappas to Lead Panel on How to Generate Inventory at RISMedia’s 2024 Real Estate’s Rocking in the New Year appeared first on RISMedia.

Want to Be a Celebrity REALTOR® on Social Media? Here’s How.

Beth McGuire — Wed, 13 Dec 2023 10:36:25 -0500

You’ve seen your fellow REALTOR® post their listings on social, give the home tours, share their tips, and get the followers. Lots of them. And then from there, they score speaking gigs, earn sponsorship opportunities, snag spots as television contributors, maybe even get their own show. Suddenly they’re not just selling houses. They’re stars. Making…

The post Want to Be a Celebrity REALTOR® on Social Media? Here’s How. appeared first on RISMedia.

Nurturing Agent Retention in Challenging Real Estate Times

Devin Meenan — Wed, 29 Nov 2023 13:03:49 -0500

In the realm of real estate, we find ourselves navigating through turbulent waters. The news media paints a gloomy picture, with low inventory and higher-than-normal mortgage rates creating an atmosphere of uncertainty. Oh, and the lawsuit too. In this challenging market, it’s crucial for real estate brokers to focus on agent retention and keep the…

The post Nurturing Agent Retention in Challenging Real Estate Times appeared first on RISMedia.

The Competitive Edge: Three Key Insights on How a Real Estate Coach Can Transform Your Career

Devin Meenan — Thu, 16 Nov 2023 15:47:56 -0500

Industry experts are projecting that mortgage rates will finally settle down to the 5.5-6% range next year. With that, it is anticipated that there will be a great rush of buyers and sellers who will finally be ready to enter the market. That is welcome news for real estate agents who have seen their businesses…

The post The Competitive Edge: Three Key Insights on How a Real Estate Coach Can Transform Your Career appeared first on RISMedia.

How Lifelong Learning Cultivates Resilience for Real Estate Agents

Devin Meenan — Mon, 06 Nov 2023 14:01:19 -0500

No matter what industry you’re in, understanding the brain’s plasticity is key to success and growth. The brain isn’t fixed or static; it’s dynamic and continuously adapts to new experiences and information. I know, “nerd alert”—but stick with me. When it comes to real estate, engaging in ongoing learning sparks new neural connections, leading to…

The post How Lifelong Learning Cultivates Resilience for Real Estate Agents appeared first on RISMedia.

How to Triple Your Company Profits Through Recruiting

Devin Meenan — Mon, 23 Oct 2023 14:48:24 -0400

As a real estate broker, the need for growth and new top-line revenue is never-ending. One powerful strategy to achieve these goals is by recruiting new agents who can become an integral part of your team. Not only does this approach help grow company dollars, but it enables you to give yourself a well-deserved pay…

The post How to Triple Your Company Profits Through Recruiting appeared first on RISMedia.

188: Branding Your Flipping Business with Stace Caseria

Danny Johnson — Tue, 20 Oct 2020 14:55:10 -0400

Listen / Share / Download

Listen

Watch

Show Notes

On this podcast, Danny interviews branding expert Stace Caseria. Tough questions are asked on both sides to understand why branding is sooooo important for real estate investors and how to go about properly branding your business. Enjoy the show!

The 4 pillars Stace mentions are necessary to build trust are:

Credibility
Track Record
Empathy
Alignment of Interest

Find out how to achieve these in this episode! It could be the difference in you landing that deal from the motivated seller over your competition!

Be sure to subscribe to the podcast! Click here to subscribe on Itunes link will open in new window

Links to materials discussed in this episode

Get a LeadPropeller website to build credibility and trust!

Contact Stace at Trust Deep Agency

Please Rate and Review

This is my simple request: If you enjoy the podcast and look forward to hearing a lot more episodes, I would be very grateful, happy, beholden and otherwise indebted to you to rate and review the podcast on iTunes.

It’s your choice and I do not want you to feel at all obligated. But I’d love it if you would subscribe and leave a rating and review.

Ratings and reviews allow the podcast to be seen by more people, which will help me achieve my goal of helping as many others as we can to get started in the house flipping business and change their lives.

>Come and join us in the FlippingJunkie Group on Facebook!

187: Follow Along Week 8 Prospecting

Danny Johnson — Tue, 22 Sep 2020 12:50:55 -0400

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I took a week off to visit Zion National Park as well as Bryce Canyon National Park in Utah. It was amazing!! I had a very good time. The weather was perfect! We hiked about 40 miles in 4 days.

I got back and have been playing catch up. Listen to this week’s episode to find out what I’ve been up to. I’d love to hear what you do to prospect for leads. Please let me know in the comments!

Get your ticket now and take advantage of this offer to get all previous recordings from 2016 on FOR FREE. >> Click here for your Flip Hacking Live 2020 Tickets (make sure to enter promo code ‘DANNY’ to get the recordings)

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Links to materials discussed in this episode

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186: FHL 2020 What and Why with Mike Simmons

Danny Johnson — Mon, 21 Sep 2020 13:48:00 -0400

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In this special episode I talk with my good friend, Mike Simmons, about Flip Hacking Live 2020. Make sure to listen all the way through (or at least skip to the end) because I share with you how to get tickets for dirt cheap AND GET ALL PREVIOUS FLIP HACKING LIVE RECORDINGS SINCE 2016 AS A BONUS. We discuss the power of this transformative event. You do not want to miss it!

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Links to materials discussed in this episode

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>Come and join us in the FlippingJunkie Group on Facebook!

Episode 185: Follow Along Week 6 Hiring and Progress

Danny Johnson — Mon, 31 Aug 2020 17:05:30 -0400

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Another installment on the follow along journey where Danny is documenting the building up of his house buying business. This week he talks about making a hire for someone to do lead management (cold calls, inbound calls, lead intake, research, direct mail management). He also discusses his story of getting started and how it wasn’t an easy thing to do. Check it out in this week’s episode!

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Links to materials discussed in this episode

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>Come and join us in the FlippingJunkie Group on Facebook!

Episode 184: Follow Along Week 5 Move The Needle

Danny Johnson — Mon, 24 Aug 2020 17:26:19 -0400

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Danny shares what’s happened over the last week in his getting back into buying houses. Issues with closing prevented him from getting the deal wrapped up that he put under contract several weeks ago. He also discusses how easy it is to procrastinate and do things within our comfort zone rather than doing the things that are going to move the needle the most. It’s a quick episode but with a powerful message. Enjoy!

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https://youtu.be/hPREejqWGXo

Episode 183: [Follow Along Week 4] Patience and Deal Control

Danny Johnson — Mon, 17 Aug 2020 17:06:20 -0400

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In this week’s episode I share a couple stories related to maintaining control over a deal when necessary. I also share what it means to have patience and belief that deals will come. Forcing things to happen rather than allowing things to happen is the opposite of what we want. Make sense of that!

Episode 182: Deals from Auction Websites, MLS, Wholesalers with Paul Lizell

Danny Johnson — Wed, 12 Aug 2020 09:31:18 -0400

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Paul Lizell has been buying houses nationwide and coaching for years. He knows this industry inside and out. In this episode, Paul shares his incredibly creative auction website buying strategy. He also shares how he routinely buys from real estate wholesalers and off the MLS. Two things I always believed were too competitive to buy from these days. Not true!!! Paul is buying from these sources often. He shares how in today’s episode!

Paul Lizell’s Bio:

Founder of JP Homes Inc. and HouseDealsAmerica.com, Paul has been a successful real estate investor since the late 1990s. He has bought and sold hundreds of properties nationwide during his investing career. Paul enjoys being able to help home sellers and home buyers, as well as improve communities as it is extremely rewarding experience. Building long term relationship with our customers and creating wow experiences is our daily goal. As a graduate of Drexel University, Paul attributes his success in business and investing to coaching, education and systems.

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Links to materials discussed in this episode

Paul’s other episode on the flipping junkie podcast: https://flippingjunkie.com/episode-62-marketing-online-auction-house-deals-with-paul-lizell/

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Episode 181: [Follow Along Week 3] Driving For Dollars Prospecting

Danny Johnson — Mon, 10 Aug 2020 16:41:57 -0400

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Yo! Follow Along (https://flippingjunkie.com/followalong) and see how week 3 went. I report on my KPI’s and about the house I put under contract. I also go into showing how I’m finding owners’ of vacant houses phone numbers and entering them into FlipPilot to help me manage my prospecting.Be sure to subscribe to the podcast! Click here to subscribe on Itunes link will open in new window

Links to materials discussed in this episode

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https://youtu.be/pYfCXpZG_y0

Episode 180: [Follow Along Week 2] 2 Leads 1 Deal

Danny Johnson — Mon, 03 Aug 2020 17:01:43 -0400

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Got my marketing processes in place and ready to start skip tracing and calling probate and driving for dollars prospects that I’ve put into FlipPilot.

This week I got 2 motivated seller leads from my LeadPropeller website. 1 didn’t have enough equity and the other…that one accepted my offer! The numbers work out better to fix and flip this one.

I’ll let you know more details after I close on it!

Follow along by visiting: https://flippingjunkie.com/followalong

Links to materials discussed in this episode

Find out how to get FlipPilot 2.0 for free by listening to the replay of our Launch Zoom Call: https://flippilot.com/demo

>>Come and join us in the FlippingJunkie Group on Facebook!

Please Rate and Review

It’s your choice and I do not want you to feel at all obligated. But I’d love it if you would subscribe and leave a rating and review.