How to Thrive with High Interest Rates featuring Jimmy Vreeland
Jimmy Vreeland joins Marck to discuss how to thrive in the current high interest rate environment.
How Failure Can Lead to the Most Powerful Successes in Business with Lee Arnold
enMarch 03, 2023
What was the main topic of the podcast episode?
Summarise the key points discussed in the episode?
Were there any notable quotes or insights from the speakers?
Which popular books were mentioned in this episode?
Were there any points particularly controversial or thought-provoking discussed in the episode?
Were any current events or trending topics addressed in the episode?
About this Episode
Lee Arnold is a man who has built some incredible business empires in the real estate investing space, but more than that, Lee has built incredible ministries as well. In many ways, Lee has failed but has a powerful message and story of how some of the most successful businesses are born from failures.
Listen in to the immense wisdom and experience from Lee Arnold!
Key Talking Points of the Episode
00:00 Introduction
02:15 What was the biggest lesson Lee learned as a new investor?
04:09 How did Lee get into real estate investing?
08:00 How does Lee help change people’s minds about real estate investing?
10:11 How does Lee’s program help new investors become successful in real estate?
12:45 Why do some people fail to find success in real estate investing?
16:30 How is the current economy affecting Lee and his businesses?
21:05 What does the market in Idaho look like today?
24:27 What challenges are there in building affordable housing today?
26:29 Why is Lee passionate about business leaders and their faith?
29:19 What is one big mistake Lee made in business in the past?
32:15 Why are debt and leverage not equivalent to income?
35:33 Who would Lee want to spend an afternoon playing golf with?
Quotables
“When somebody told me that funding is attracted to opportunity, not people, that really jumped out at me because I was the least attractive person from a financial standpoint.”
“For most people, real estate is the most accessible thing because if there’s two things everybody needs, it’s food to eat and a place to live.”
“I love passive income, I love cash flow and turnkey real estate, but I think for some, they buy it too early and they don’t have the cash to weather the storm of vacancies or a heater going out, or a tenant trashing the place.”
“I don’t know how people who do not have faith in God run a business because it is stressful.”
“Stay humble, stay in affordable housing, stay in the 5-point criteria that I gave you. There’s nothing wrong with wanting to buy skyscrapers and build giant properties but if you can’t do it with cash, don’t do it.”
“Stick to the fundamentals, stick to the basics, and if you will do that, you will have a very successful business.”
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Mistake FREE Real Estate With Marck de Lautour
enJune 01, 2023
How Agents Can Take Advantage of the Real Estate Market with Tom Cafarella
How agents can take advantage of the real estate market.
What Makes the Current Real Estate Market Different from the 2008 Recession with Jimmy Vreeland
Every quarter, my good friend Jimmy Vreeland and I sit down and talk about our experience in Collective Genius, a mastermind we are both a part of. In this episode, Jimmy and I are going to discuss what we learned from the presentations in the event, our biggest takeaways, and how we’re preparing our businesses for what’s coming.
Listen now to learn what happened during the last Collective Genius event and the golden nuggets we’ve picked up while we were there!
Key Talking Points of the Episode
00:00 Introduction
01:43 How does Collective Genius help us give back?
03:26 What are our biggest takeaways from the event?
06:53 What makes this recession different from 2008?
08:46 Where do we stand on inflation rates today?
12:44 How is inflation crushing the middle class?
14:38 How can real estate investing set you up for the future?
17:34 What is the greatest threat to every investor’s portfolio?
21:31 What does real estate value appreciation look like today?
23:32 Why should people take advantage of Fannie Mae loans?
26:42 What is happening in the new construction market today?
31:16 What are we experiencing in the turnkey market today?
Quotables
“The government hasn’t curbed their spending, they’re not doing to make energy more accessible, so that’s gonna stay expensive.”
“Kiyosaki went on Oprah in 1990, everybody knows about this! They just don’t get involved, they don’t get started.”
“Strategic and systematically buy assets so that when there is the next disaster and the fed does blast lower rates, then you refi everything out.”
“Like I’d always say, real estate doubles in value every 20-30 years, I think I’m gonna stop saying 30 because consistently, we are seeing real estate double in value every 20 years.”
“If you’re gonna buy and hold these assets forever, for long-term, then the smartest thing you can do is lock in a 30-year fixed to get these things paid off.”
“Most home builders have not been aggressively scaling and growing based on what they fear could be a downturn.”
“Quite frankly, I think that inventory is still so shallow, especially in the big cities that are experiencing massive population growth.”
Links
Book: Principles for Dealing with the Changing World Order
https://www.amazon.com/changing-world-order-nations-succeed-ebook/dp/b0881y73yg
Mistake FREE Real Estate With Marck de Lautour
enApril 06, 2023