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    Mistake FREE Real Estate With Marck de Lautour

    Welcome to the mistake free real estate Podcast, where we deep dive in the world of passive TURNKEY rental homes. You'll hear from the leading industry experts in banking, title and real estate sales, as well as in depth discussions with the industries biggest deal providers, house flippers, and passive investors. Each episode will cover all the mistake made in real estate investing so that you don't have to experience them the hard way. Remember.....the biggest mistake you may ever make is NEVER buying rental real estate at all!
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    Episodes (75)

    How The Current Real Estate Downturn is Impacting Wholesalers with Steve Trang

    How The Current Real Estate Downturn is Impacting Wholesalers with Steve Trang

    Steve Trang is a successful real estate investor, business owner, sales trainer, and podcaster. He has interviewed and worked with so many real estate investors and he is here to tell us about what he has learned through the years. 

     

    Listen now to learn more about Steve and his journey so you could learn from the mistakes he made in the past!

     

    Key Talking Points of the Episode

     

    [00:00] Introduction

    [01:30] What are the traits of successful investors?

    [03:25] How have the last 2 years been for Steve?

    [05:15] How does Steve react to the realization that he isn’t where he wants to be?

    [07:06] What does Steve do with his time away from the business?

    [08:40] What does success look like for Steve?

    [10:29] How is Steve’s mission to make a hundred millionaires going?

    [11:27] What will Steve do after he accomplishes his mission?

    [12:22] What are Steve’s thoughts on active and passive investing?

    [15:00] What was it like for Steve in 2007?

    [17:30] What is the impact of inflation on the market from where Steve is?

    [21:30] How is this downturn going to impact wholesalers on the market?

    [23:40] What is the best way to educate customers?

    [25:51] How can other investors have an advantage today?

    [27:15] What’s happening to the rental market today?

    [29:05] Why did Steve decide to buy a bank?

    [32:33] What is an NFT?

    [34:17] What is the value of an NFT?

    [36:10] What benefits do you get from NFTs?

    [39:45] How will real estate change when it enters the blockchain?

    [40:27] What is one of the biggest mistakes Steve made in real estate?

    [44:02] How has social media changed Steve’s life?

    [47:36] Who are the 3 people Steve wants to be with for an afternoon of golf?

    Are We Headed for ANOTHER Real Estate Recession? with Jimmy Vreeland

    Are We Headed for ANOTHER Real Estate Recession? with Jimmy Vreeland

    The Collective Genius Mastermind that Jimmy and I are part of has the top 1% of real estate investors from all over the country. In this episode, Jimmy and I are talking about our takeaways from the last CG event from the top networkers and investors we’ve met. 

     

    Listen now to learn more about our experience and the gold nuggets we’ve picked up along the way that could help you succeed as a real estate investor!

    The Current State of the Nationwide Real Estate Market with Bruce Norris

    The Current State of the Nationwide Real Estate Market with Bruce Norris

    Bruce Norris is one of the economy’s bright lights in the real estate industry. He is an active real estate investor, lender, and educator in the space. He has been in the industry for 35 years and he is here to help us better understand what’s going on in the real estate market today.

     

    Listen to this episode to hear what Bruce thinks about today’s real estate market and many other gold nuggets from a true industry expert!

    How Marck's Companies Have Flipped Over 1,600 Homes featured on The Wholesale to Millions Podcast

    How Marck's Companies Have Flipped Over 1,600 Homes featured on The Wholesale to Millions Podcast

    There comes a time when tables turn. A host becomes a guest, and a guest becomes a host. Today, I get to be a guest on King Khang’s podcast. Khang will be interviewing me, intending to understand my real estate journey.

    Khang and I are members of the Collective Genius  Mastermind, and we are both immigrants to the country. My real estate journey started when I was pursuing my MBA. I flipped a house and thought it would be a great path to follow. So far, I’m glad I chose the right path.

    In this episode, we’ll talk about how I started in real estate, built a team, work-life balance, how I survived a recession, and Airbnb’s, among other interesting topics. 

     Grab a notebook and pen. You might need to take some notes.

    Key Talking Points of the Episode:

    [02:23] Where is my origin?

    [02:57] How I started as an entrepreneur

    [06:13] How I flipped my first house

    [09:57] How to build a team

    [12:59] When do you know you are ready to start hiring people?

    [14:20] How many hours a day did I work when I started?

    [16:08] Work-life balance

    [21:01] Why do I think celebrity couples don’t work out?

    [23:53] How was the 2008 recession?

    [27:45] How you can protect yourself as a fix and flip in case there is another recession

    [29:43] How much reserve should you have when fixing and flipping property?

    [32:00] My take on the current real estate market

    [35:28] Single-family versus multifamily

    [37:19] My thoughts on Airbnb

    [42:34] Where I’m I doing my business at?

    [43:49] The upcoming The Multimillionaire Club

    Quotes from the Episode:

    “If your pocket is not deep enough doesn’t mean other people don’t have a deep pocket.”

    “For every rental property that you own, you should have $3,000 in reserves, in my opinion.”

    “The first thing that happens in a real estate downturn is that the ability to borrow money dries up quickly for those that are not well supported.”

    “Anyone who aspires to be best in class, they throw work-life balance out the door.”

    “For every two or three wholesale deals you do, you’ve got to start holding on to one.”

    “Don’t compare your success or progress level with someone else’s. Because we all learn differently.”

    What It Means to Be a BORING INVESTOR with Paul Moore

    What It Means to Be a BORING INVESTOR with Paul Moore

    Are you looking to become a successful investor? You have to be ready to be a boring investor. Investing should be like watching paint dry or grass grow. If you want excitement, take $800 and go to Las Vegas.

    In this episode, I have the privilege of hosting one man who calls himself a boring investor, Paul Moore. He will be sharing his journey to becoming a boring investor and giving us some nuggets of wisdom that we can apply in our journeys.

    COLLECTIVE GENIUS TAKEAWAYS - Q1 EVENT RECAP with Jimmy Vreeland

    COLLECTIVE GENIUS TAKEAWAYS - Q1 EVENT RECAP with Jimmy Vreeland

     Do you belong to any mastermind groups? If you don’t, it is time you join one. You need to keep in mind that you’ll have to strip yourself of your ego and be willing to be the humblest person in the group. Masterminds are about learning from other people, and you cannot do that if you think you are the most intelligent person in the room.

    In this episode, Jimmy Vreeland and I will be recapping our last Collective Genius mastermind  event in Scottsdale, AZ. Jimmy and I will be sharing some of our highlights from the mastermind speakers.

    Also, we’ll have a moment to go over Jimmy’s presentation on taking massive action.

    Key Talking Points of the Episode:

    [02:36] Jimmy’s thoughts of Allistar’s presentation, load-bearing fictions

    [03:48] My biggest takeaway from Allistar

    [10:54] Jimmy’s key takeaways from Daniel Marco’s presentation

    [14:47] The inverted leadership model by Daniel Marcos

    [28:26] How taking massive action has impacted Jimmy’s business

    [19:57] The CG slap

    [21:36] Running to the abyss

    [25:20] How Jimmy picks his one thing

    [26:47] Jimmy’s thoughts on being a go-giver

    Magical Quotes from the Episode:

    “It’s not things people don’t know that necessarily hurt them. It’s things that people think they know but just aren’t true, that is the most damaging.”

    “You have to think outside, the media or the government. None of them have our best interests at heart, and you have to truly analyze where your company’s at, where you’re trying to go, and what industry pressures we’re going to face along the way.”

    “If you want to get massive action out of it, you just got to promise me you will make fun of me.”

    “Give more to get more.”

    Connect with Jimmy:

    Podcast: https://podcasts.apple.com/us/podcast/rise-up-live-free/id1500021021

    LinkedIn: https://www.linkedin.com/in/jimmy-vreeland/

    Meet SBD's Director of Property Management with Sara Chapman

    Meet SBD's Director of Property Management with Sara Chapman

    Today is Sarah Chapman’s first day at SPD. Sarah believes that today is the best day to record the podcast. She is excited to be here, and she believes it doesn’t get more exciting than day one.

    Before joining real estate, Sarah worked in hospitality management, event management, customer service, and sales. Twenty-two years ago, she decided to take the bold step of joining real estate, and since then, she has worked with several big companies in real estate.

    In this episode, Sarah will share her career journey, tools that big real estate companies use to scale, the importance of excellent communication, her plan for the next 90 days, among other exciting topics.

    Listen in to this episode.

    Key Talking Points of the Episode:

    [02:13] Getting to know Sarah

    [03:09] Who has Sarah been working for in the last seven years?

    [04:31] Acquisition channels that big companies are using to scale their inventory

    [05:57] What Sarah’s role as the regional vice president of property management entailed

    [08:23] Sarah’s beliefs on the simplified management company

    [10:01] Sarah’s thoughts on what makes a good property management firm

    [11:50] Did Sarah's previous companies have a geographical preference?

    [14:53] How to reduce vacancy and maintenance

    [17:19] Importance of great communication

    [19:49] Setting expectations

    [21:07] What attracted Sarah to SPD?

    [22:24] Sarah’s focus for the next 90 days

    Magical Quotes from the Episode:

    “Planning starts at the point of acquisition.”

    “Self-touring boxes are amazing. It allows one leasing agent to show unlimited homes at the same time, credible scalability, but they don’t sell themselves, they attract someone themselves.”

    “There’s reasons why homes don’t lease. If your product is right, then it’s something else.”

    “Integrity, transparency and communication can take an organization a really long way.”

    “You can’t fix something until you know what’s actually broken.”

    How Creativity Can Transform a House with Eric Drake

    How Creativity Can Transform a House with Eric Drake

    Creativity can bring a new look to a house and even bring up its value. In this episode, I have Eric Drake joining me on the show. He is a contractor with a very artistic eye. Working with Eric is one of the best things that has happened to me. I have seen how creativity can transform a home without breaking a bank. Eric insists that you need to consider time, budget, and quality of the output when doing any renovation.

    In this episode, Eric will take us through some of his favorite projects, advise on things that should worry us the least when remodeling a house, questions to ask when hiring a contractor, among other things. If you have a home or homes that needs remodeling, it would be best to listen to this episode.

    Key Talking Points of the Episode:

    [01:13] Eric’s background in contracting

    [02:47] The first house that Eric and I did

    [03:16] Eric’s experience working with SPD

    [04:09] Eric’s favorite projects

    [12:15]When flipping a house, which parts of the house shouldn’t worry you, especially when it comes to flipping?

    [15:02]Questions that people should ask when hiring a contractor to remodel the kitchen and bathroom in their personal home

    [17:41] What gets Eric motivated?

    [23:09] One of the craziest mistakes that Eric has made

    [25:24]People that Eric would like to spend time with

    Quotes from the Episode:

    “You take everybody’s knowledge and put it in one lump sum and make fine tune that’s smooth.”

    “Every house I do. I’m going to pretend that my kid both my kids are going to live there.”

    “Anything can be done. It’s just a matter of, picking your battles.”

    “Every good idea is grown from another idea.”

    How to Build Lasting Relationships with Other Investors with Corey Peterson

    How to Build Lasting Relationships with Other Investors with Corey Peterson

    Imagine buying a property at $9.6 million and selling it at $19.6 million three years later. Isn’t this the perfect testimony that buying and hold is the way to go in real estate?

    In this episode, I have Corey Peterson joining me on the show. He is the king of multifamily home syndications. He’s an author, podcast host, mastermind host, and coach. Corey has learned how to create both financial freedom and time freedom. Corey and I met in a mastermind, and now we are doing business together.

    Is the True Path to Freedom Through Cash-flowing Real Estate? with Andy Baber

    Is the True Path to Freedom Through Cash-flowing Real Estate? with Andy Baber

    Have you wanted to grow your portfolio, but you have no idea where to begin? This episode is for you! Dr. Andy Baber will be sharing his real estate journey and how he has grown it over the years.

    Andy started buying real estate in 2015/2016. He had a few misadventures that became a learning ground for him. Andy will share some of the best lessons throughout the investment period. Also, if you are wondering how best you can deal with debt capital, Andy has some ideas for you.

    How to Impact the World with Your Business with Jimmy Vreeland

    How to Impact the World with Your Business with Jimmy Vreeland

    My good friend Jimmy Vreeland of the Rise Up, Live Free podcast and I are back to talk about the Q4 Collective Genius mastermind and our takeaways from the event. This is now becoming a tradition for Jimmy and I to come together and talk about our experience and the nuggets we’ve learned. 

    Listen now to learn more about the speakers at the Q4 Collective Genius mastermind in Orlando, what they talked about in their presentations, what we’ve taken away from them, and how they can help you too! 

     

    Key Talking Points of the Episode

     

    [00:00] Introduction

    [01:14] Why is a mastermind important?

    [01:47] Jimmy’s insights on the Orlando event

    [02:42] Meeting Brian Adams 

    [04:35] Paul Moore’s discussion

    [06:05] Investing is boring

    [07:56] What Jimmy learned

    [10:07] Matt’s presentation on Tuesday

    [12:23] Taking what you learn and implementing it

    [13:18] Sharing what you do to inspire others to do the same

    [15:50] Creating impact on the community

    [16:45] Why business owners need to get involved more in the community

    [19:20] Wednesday with Frank Kern

    [21:14] Reminding people of what you do

    [23:28] Eli Fisher’s presentation

    [25:58] Wrapping up the CG mastermind

    [27:19] Being competitive in life

    [28:23] The definition of success

    [30:15] The ceiling of complexity

    [33:00] Jimmy’s notes from Larry’s talk

    [34:41] What’s the purpose of a business?

    [37:17] Final thoughts on the mastermind

     

    Quotables

     

    “I believe that through collaboration and partnerships, you can strengthen and gain more clarity not only in who you are and what your purpose is, but also gaining strategic insight on how to build your business and become more profitable and efficient in the way that you run your business.”

     

    “If you do invest the time and the money to do masterminding, to travel, to do all that stuff, I think one of the biggest mistakes people make is that they don’t set time aside to reflect.”

     

    “It’s easier to do than to think, and thinking time is extremely valuable.”

     

    “Most people are doing somewhere between 75 and 400 deals a year, this guy does one deal a year! One deal, but it’s normally around 1000-2000 units.”

     

    “Sometimes, bigger isn’t necessarily always better. Scaling to 20-30-40 employees obviously comes with many challenges.”

     

    “I’ve been staying off the crypto bandwagon. I’ve always thought it is a reasonable hedge and now I’m definitely going to start tinkering - not to make any money, but as a hedge.”

     

    “You can wake up everyday and complain about all the things you have to do, but a simple mindset switch of ‘I get to do this’ - how empowering that can be.” 

     

    “His whole purpose for the business is not about getting wealthy or getting rich, but about having an impact on the community.”

     

    “Matt’s advice was just ‘start where you’re at and go where you are’.” 

     

    “Just like anything else in business, you fumble along and you figure it out.”

     

    “I think business owners need to start entering the narrative, because if you look around what’s going on today, everybody’s trying to be convinced that the world is falling apart, and it’s just not.”

     

    “If you think nonprofits alone or let alone the government is going to make that kind of impact, you’re out of your mind. It’s too inefficient for the government to take care of people that way. We have to step up as citizens and business owners.”

     

    “Anytime that you need to drive content-based, or any kind of marketing, it’s gotta be done on a consistent basis.”

     

    “We’re committed, that’s one of our commitments for this quarter and a really big takeaway, is to really drive some content through our social media platforms just to let people know what we do.”

     

    “You don’t need to go out there and brag or boast about what you’re doing. You simply need to remind people of who you are and what you’re doing because you think that everyone is looking at you and you’re doing the same post over and over, but they don’t care.”

     

    “They’re scrolling from one thing to the next and the fact that you’re putting more content out there, you’re given the chance to kind of reach an audience.”

     

    “The whole impact really was to tell your story or someone else will.”

     

    “Should we leap for the next achievement in 2022 or is there something else out there?”

     

    “There’s something about being a competitive human being. I think the competitive spirit is great, but I don’t know, to live a life like that - always hitting the gas as hard as you possibly can, I don’t know if it’s sustainable or if it’s gonna get you what you actually want.”

     

    “Most people see success as setting a goal and then achieving it, but the problem with that is, just feeling the exact same thing right after. You gotta set another goal and go crush it, and you’re constantly setting yourself up for failure by setting a goal and then achieving it, and then pushing really really hard and when you get there, you realize that it wasn’t as fulfilling as you thought it would be.”

     

    “His definition of success is an optimized daily experience sustained over time.”

     

    “The habits that got you to have the success and get you to where you are, are the same habits you need to break to enjoy the success that you have.”

     

    “If you focus on achievement, there’s a high probability that you’re going to achieve it, but if you focus on achievement, there’s very little chance that you will feel fulfilled.”

     

    “Focus on the fulfillment and then the accomplishments, essentially will come.”

     

    “What’s the purpose of a business? It’s to produce feelings of success and optimized daily experiences that are sustainable over time for clients, owners, teams, and family.”

     

    “You’ve gotta have a scoreboard to give your employees a winnable game. Having that helps them know when they’re winning so they can feel fulfillment.”

     

    Links

     

    Instagram: Marck De Lautour

    https://www.instagram.com/marckdelautour/?hl=en

     

    Jimmy Vreeland

    https://www.instagram.com/jimmyvreeland

     

    Podcast: Rise up. Live free.

    https://rise-up-live-free.simplecast.com/

    The Self-Directed IRA Top Secrets! with Juan Deshon from Quest Trust Company

    The Self-Directed IRA Top Secrets! with Juan Deshon from Quest Trust Company

    Self-directed IRAs are not a new concept but people are still unaware of the benefits it can bring. In today’s episode, we have Juan Deshon from Quest Trust Company to uncover what self-directed IRAs are and how you can take advantage of them! 

     

    Juan Deshon has been working for Quest Trust Company for 5 years now and he is my personal self-directed IRA representative. I’ve had great success through him and his company and I want you to learn how to do it too. 

     

    Listen to this episode so you can have a better understanding of what makes a self-directed IRA different from other IRAs and what the benefits are for you! 

     

    Key Talking Points of the Episode

     

    [00:00] Introduction

    [00:56] Who is Juan Deshon?

    [01:38] What is a self-directed IRA?

    [02:31] Quest and their self-directed IRAs

    [03:30] What does Quest do?

    [04:25] Who is ideal for a self-directed IRA?

    [06:08] The ease of transacting with Quest

    [06:43] What is a rollover? 

    [07:00] Finding your investment

    [08:14] Distribution from retirement accounts

    [09:43] Are there prohibited investments?

    [10:50] Investing in private lending

    [11:25] Private lending’s passive nature

    [12:57] Different ways to take advantage of the IRA

    [14:04] Real estate syndications

    [14:30] IRS restrictions for IRA accounts

    [15:51] Depreciation and leverage with IRA

    [16:41] Investment vehicles for self-directed IRAs

    [17:55] What are the mistakes people can avoid?

    [19:31] Quest Trust Company

     

    Quotables

     

    “The self-directed IRA is still an IRA. It’s actually just a marketing term.”

     

    “A self-directed one means that you can invest into non-traditional assets. If the term ‘self-directed’ is not there, it will most likely mean you cannot invest in non-traditional assets, or mostly in the stock market in general.”

     

    “You have to use an intermediary - you have to use us to do the same thing, except the asset class is changing.”

     

    “By keeping it in the IRA, keeping it under the hands of a custodian like us, you’re not being taxed until you decide ‘I wanna retire and do something with that personally’.”

     

    “Everyone can take advantage of a self-directed IRA, but someone that really should be able to jump into this right now, today is gonna be someone that has an entrepreneur mindset that wants to get out of the stock market.”

     

    “The whole point of it is you have an end goal and we’re gonna help you get to it.”

     

    “A rollover is a fancy word for the movement between an employer plan to an IRA.”

     

    “Now we’ve moved funds over from the 401K plan in this situation, now you have to find your opportunity and this is where self-direction comes into play. Quest won’t give you a list of opportunities.”

    “My returns go into my retirement account. It’s not my money until I distribute it.”

     

    “Most Americans coming from 401K plans, they’re probably gonna be taxed by the end of the retirement stage.”

     

    “If they can’t value it correctly, the IRS can’t tax you properly.”

     

    “I think IRAs are designed to be fairly passive.”

     

    “A savvy investor has to really up their knowledge when it comes to IRAs and really plan far ahead.”

     

    “Depreciation is completely taken out of your hands. Leverage isn’t completely taken out of your hands, but you have to get what’s called a ‘non-recourse loan’.”

     

    “Just a little bit of education can get you a long way.”

    Profit First for Real Estate Investors with David Richter

    Profit First for Real Estate Investors with David Richter

    One common mistake that we see many real estate investors make is not knowing the financial side of their business. They’re so focused on getting as many deals as they can and they either avoid or abdicate their financials, so it gives them a lot of problems in the long run.

    In today’s episode, we have David Richter to help us learn what we need to do to stop living from deal to deal and actually create a business that’s profitable.

    David Richter is a published author and a Profit First expert. He wrote the book Profit First for Real Estate Investing and he’s telling us why this system is something we all need.

    Key Talking Points of the Episode

    [00:00] Introduction

    [00:55] Who is David Richter?

    [01:17] How did David become a Profit First guru?

    [02:23] Bringing the idea to Mike Michalowicz 

    [03:00] How did David get involved in real estate?

    [04:19] Working with a company in NW Indiana

    [04:59] Coming to the Collective Genius as a service provider

    [05:56] Where the cash eating monster comes from

    [06:44] Your responsibility as the business owner

    [07:19] The biggest problem of most investors

    [08:10] The pay cash, close quickly mentality

    [09:14] The Profit First formula

    [10:35] Profit First as a discipline

    [11:30] The big difference in Profit First for Real Estate

    [12:45] The other accounts you should be opening

    [14:05] Reserves can help grow your business

    [15:17] Making profit a habit

    [16:26] Why is it so hard to make profit a habit?

    [17:25] How important are the right people in the right roles?

    [19:55] 1-800-sell-now

    [20:34] David’s biggest mistake in real estate

    [21:41] 3 critical points in owning rental properties

    [21:57] Partnering with clients as a CFO

    [23:17] Who are the people who need Profit First?

    [25:26] Profit First for Real Estate Investing

     

    Quotables

     

    “95% of the time, I would say it’s like that, where the number one mistake we see is just avoiding the financial side or just abdicating the responsibility of the financial side to someone else.”

     

    “As an entrepreneur or business owner, you at least have to have that control over your cash, and know where your cash is flowing, where your cash is going.”

     

    “As the business owner, you have to be savvy but you don’t have to be an accountant or a bookkeeper, and all that.”

     

    “No one’s really taught you this side. I get it, you’re not the CPA, bookkeeper, or accountant. You haven’t been taught just basic money management at a high level at all.”

     

    “With this “pay cash, close quickly” mentality, there’s a tendency to use all their cash in the next deal and as you scale and grow, inventory expands, you pour more money into the assets so your balance sheet is heavy, but you can absolutely be very very cash grabbed.”

     

    “You might be doing 100 deals a month, but you still gotta be able to live and eat and pay your people the next week.”

    “It’s income minus profit equals expenses, so it’s just switching the profit and expenses. So you make a sale, you collect income, then you take your profit first and what you left over is expenses in the business.”

     

    “We’ve heard that over and over and over again, but I feel like it hasn’t hit home until you see money in accounts and you’re making profit a habit in your business.”

     

    “I love the formula, I love that shift in mentality, but I love that it has teeth behind it too in the practical side.”

     

    “Making money is a skillset, but retaining money is a discipline.”

     

    “I teach about reserves and how it’s peace of mind for you. You don’t have to live from deal to deal.”

     

    “Lenders love reserves. They love to be able to see those reserves in your account.”

     

    “The whole point of this system is making profit a habit inside your business, not just this one time event at the end of the year, hopefully, that you have money leftover to take at the end of the year.”

     

    “You gotta get into some kind of rhythm for you that you know you can do for your business.”

     

    “There is this stigma that I hear the words CPA, bookkeeper, accountant, and I automatically shut down.”

     

    “You have to have the right people and trust them to get the bookkeeping in place and to do the taxes right.”

     

    Links

     

    Website: Simple CFO Solutions

    https://simplecfosolutions.com/

     

    Book: Profit First for Real Estate Investing

    https://www.amazon.com/Profit-First-Real-Estate-Investing-ebook/dp/B098865Y5B

    How to Scale A Real Estate Business with Marck de Lautour on Inside The Wolf's Den

    How to Scale A Real Estate Business with Marck de Lautour on Inside The Wolf's Den

    Have you been trying to scale your real estate business, but not seeing any progress? This episode is for you. Marck de Lautour joins Shaun and Joni in the Wolf’s Den. Marck will share his backstory and the different strategies he has used to scale his business and conquer other markets.

    Marck graduated with a master’s degree in International Business Management from the University of Missouri Kansas City. The founder and CEO of SBD Housing Solutions is a turnkey real estate investment firm based in the Kansas City area. He has been investing in real estate since 2002. He has successfully flipped over 1600 homes in the US. His property management firm now manages over 650 rental homes. Marck’s team will flip over 250 houses in 2021 and has growth plans to reach their big goal of 1000 homes flipped in a year by 2024. 

    Grab a notebook and pen. You need to take some notes.

    Key Talking Points of the Episode:

    [01:55] Marck’s backstory

    [03:57] How Marck has evolved over the years

    [06:18] Valleys that Marck has been through and how they have shaped him into the person he is

    [12:30] The essence of hanging around higher-level people

    [13:46] Guardrails to keep when working with a friend

    [18:34] How Marck manages working in different markets

    [37:30] How does Marck finance his deals

    [29:01] Where does Marck think things are headed in the next couple of months?

    [33:10] What’s next for Marck and his company?

    Quotes from the Episode:

    “You can’t be the answer to every question. Surrounding yourself with more talented individuals is the best way to go.”

    “I’ve realized is that the strength of the CEO or the strength of the entrepreneur will eventually become the weakness in the company.”

    “Most visionaries are not good at accountability because they’ve just driven. They drive themselves, and they’re surprised when others are not equally driven.”

    “I believe that the stock market is frothy. I think that there will be a correction coming sooner rather than later. We want to be there to help people diversify.”

    Connect with Marck de Lautour:

    LinkedIn: https://www.linkedin.com/in/marck-de-lautour/

    Website: https://sbdhousing.com/

    Podcast: https://www.audible.com/pd/Mistake-FREE-Real-Estate-With-Marck-de-Lautour-Podcast/B08JJNWRD8

    Building Strategic Relationships with Corey Peterson

    Building Strategic Relationships with Corey Peterson

    Are you in real estate thinking of earning a strategic relationship? This episode is for you! Today I have the pleasure of hosting Corey Peterson on the show. Corey and I are in a strategic relationship. The beauty of our relationship is that our roles are clearly defined, and none of us micromanages the other.

    Corey Peterson is a multifamily investor. He’s an author, podcast host, mastermind host, and coach. Corey has learned how to create both financial freedom and time freedom. Corey enjoys serving others by building both his and his investors’ wealth and teaching others how to do it.

    In this episode, we’ll be telling you how our partnership began, the deals we have done together and what we are looking forward to in the future. Also, Corey will share some nuggets of wisdom for the newbies in the industry.

    Listen in and learn.

    Key Talking Points of the Episode:

    [01:08] Getting to know Corey

    [09:18] How Corey Peterson started talking about controlling capital

    [05:15] Core values of a strategic relationship

    [11:48] Raising money from investors

    [20:05] The one Robins portfolio and what Corey loved about it

    [23:02] What do the next five years look like for Corey and his company

    [24:57] What is Corey currently reading?

    [27:33] Advice to people who are just joining the real estate world

    Quotes from the Episode:

    “Being a trustworthy, upstanding person who does what they say they’re going to do and at the end of the day, the one thing that I can say confidently is that my investors trust me.”

    “Nothing ever works when you rush a deal.”

    “Nothing works when you rush a partnership.”

    “If I’m going to put my investors capital to work. I need to know who I’m dealing with.”

    “I love the way that we each stay in our lanes, and we respect each other’s role.”

    “We believe that that real estate is the safest vehicle out there and that more people should be being deployed into that asset class and we just choose to work with those that are high income and high net worth.”

    “No matter what people say, buy and hold.”

    “I truly believe that it’s not about how much money you make, but the assets that you buy, with your income.”

    Connect with Corey Peterson:

    Website: https://kahunawealthbuilders.com/

    Resources Mentioned in the Episode:

    Own your Freedom-David Phelps

    A road less Stupid - Keith Cunningham

     

    What It Means to Own Your Freedom with Mike Sullivant

    What It Means to Own Your Freedom with Mike Sullivant

    What kind of freedom are you looking for in life? Is it the freedom of time, money, or mind? 

     

    There is a way you can achieve freedom, no matter what kind it is you’re looking for. In this episode, we are joined by SBD Housing Solutions’ Investing Liaison, Mike Sullivant, to talk about the experience in the recent Freedom Founders event we attended and the book, Own Your Freedom, by Dr. David Phelps. 

     

    Dr. David Phelps is the founder of Freedom Founders. He has been a dentist for a number of years until his daughter fell sick. He had been investing in real estate at the time, so he had a cushion that allowed him to spend time with his daughter, who has since recovered from her illness. Listen to this episode to learn more about the book, Own Your Freedom. 

     

    Key Talking Points of the Episode

     

    [01:12] What is the Freedom Founders community?

    [01:34] Who is Dr. David Phelps?

    [02:36] First take on owning your freedom

    [03:10] Why do you need to own your freedom?

    [03:40] Owning your freedom number

    [05:06] The point of association

    [06:25] The five freedoms

    [07:12] Wealth is what you own, not what you do

    [08:45] Real estate isn’t going to double your income overnight

    [09:47] Principles before strategies, strategies before tactics

    [10:33] What’s the difference between principles, strategies, and tactics?

    [11:14] Transferable skill sets

    [12:20] What are your transferable skills? 

    [13:50] Challenging your thinking

    [14:54] Mike’s thoughts on Freedom Founders and Own Your Freedom

     

    Quotables

     

    “The freedom number is at what point does my passive income extend beyond my monthly expenses. Finding this number of creating true passive income - income that is generated while I’m doing something else is the equilibrium.”

     

    “Too many people think that the old style accumulation method of wealth is simply to invest in the stock market, get as much as you can to accumulate wealth, and then hope you have enough when you start depleting it and spending it when you get into retirement.”

     

    “Having a central purpose and a common theme, it begins there.”

     

    “You don’t get rich with what you earn, you get rich with what you own.”

     

    “Real estate is not sexy, it’s not the one that’s going to double your income overnight. It’s something that takes discipline and time.” 

     

    “You have to know who you are. You have to have core values before you go anywhere else.”

     

    “Tactics come and go, but your principles remain the same.”

     

    “Critical thinking usually leads to education, more discovery, and more knowledge. That knowledge empowers you to make decisions that can turn out into financial freedom.”

     

    “We all know that there’s no one-size-fits-all investment strategy, but we also know that diversification is a wise thing to do.”

     

    Links

     

    Website: Freedom Founders

    https://www.freedomfounders.com/

     

    Book: Own Your Freedom: Sustainable Wealth for a Volatile World

    https://www.amazon.com/Own-Your-Freedom-Sustainable-Volatile/dp/1735941549



    BILLIONAIRE THINKING: What They Do, That You Do Not with Jimmy Vreeland

    BILLIONAIRE THINKING:  What They Do, That You Do Not with Jimmy Vreeland

    Being part of a mastermind is one of the best things you can do for yourself as you take on the journey to success. My good friend Jimmy Vreeland and I come to The Collective Genius mastermind and we always have massive takeaways each time! 

    On today’s episode, Jimmy and I are doing our quarterly wrap up of the most recent Collective Genius mastermind so that you guys who were not there with us can still get some of these massive nuggets that we found.

    We are talking about our gold nugget takeaways from CG keynote speaker Jeff Hoffman and how we plan to use them in our businesses. Listen now to know more about The Keys to Entrepreneurial Success!

    Key Talking Points of the Episode

    [02:20] Introduction of the quarterly wrap up

    [03:25] Rise up, live free podcast by Jimmy Vreeland

    [03:43] Who is Jeff Hoffman? 

    [05:05] Takeaways from meeting Jeff Hoffman in person

    [06:00] The Keys to Entrepreneurial Success

    [07:22] The ceiling of complexity

    [08:00] Should you do everything by yourself? 

    [08:43] How Silicon Valley took the entrepreneurial flare

    [10:23] What to do if you don’t have the capital to get past your ceiling of complexity?

    [10:59] The mindset to get through your ceiling of complexity

    [11:28] Finding your gold medal talent

    [12:53] The safest use of capital and its inefficiencies

    [14:00] The strength in leveraging your gold medal talent

    [15:59] Investing because of FOMO 

    [17:42] Don’t chase money, chase excellence

    [18:02] Freedom to pursue excellence

    [19:24] What does winning look like? 

    [20:00] Why is it important to know your non-negotiables?

    [22:09] Chasing excellence and developing gold medal talent

    [22:39] How would things change if more people were about pursuing excellence? 

    [23:25] Is property management the best way to pursue excellence?

    [25:06] Building a brand

    [26:19] The Road Less Stupid: Advice from the Chairman of the Board

    [26:43] Benefits of taking time to think and process

    [27:33] Having unrealistic expectations when creating your brand message

    [28:18] The Vivid Vision

    [30:45] How do you implement your vivid vision? 

    [32:08] Ideas are welcome, but execution is worshipped

    [33:58] How 1-800-Flowers grew big

    [35:37] The impact of visual reminders

    [36:45] The challenge in building culture remotely

    [37:41] Figuring out when to execute

    [38:26] The scarcest resource in the world

    [38:51] How did Jeff find his HR director? 

    [40:36] Hunting for talent from companies who have talent

    [41:50] Recap of The Keys to Entrepreneurial Success

    [44:22] Paying more money to hire more talent

    [46:15] Jimmy’s message

    [46:31] The next Collective Genius mastermind

    Quotables

    “You kinda put billionaires on a level peg, you think they’re doing something you’re not, but I think he has just been able to scale his excellence.”

    “Billion dollar thinkers think differently. What got you here won’t get you there.”

    “It’s actually who, not how. It’s not how I can do it, but who I can partner or collaborate with to get through that ceiling.”

    “A percentage of a billion dollars is better than a hundred percent of a hundred thousand dollars.”

    “That’s a dichotomy that you’re always gonna run across. People who have an issue of too much cash to deploy generally lack talent and then people who have a network of talent generally lack capital to leverage that talent. Essentially, there’s always going to be a tug-of-war between capital and talent.”

    “Too many people think that the only way to learn is to employ someone, but you can get a consultant or a coach to help you.”

    “You want to be free so you have the freedom to pursue excellence, not the freedom from restraints.”

    “The toughest thing for entrepreneurs is to take time away from the business to think.”

    “If you don’t have time to think, there is no clarity.”

    “People that are super successful at what they do don’t just quit or get fired, they’re largely looking for opportunities while they’re employed.”

    “You either pay in salary for talent or you pay in misery for not doing it.”

    Links

    Instagram: Marck De Lautour

    https://www.instagram.com/marckdelautour/?hl=en

    Jimmy Vreeland

    https://www.instagram.com/jimmyvreeland

    Podcast: Rise up. Live free.

    https://rise-up-live-free.simplecast.com/

    Book: The Road Less Stupid: Advice from the Chairman of the Board

    https://www.amazon.com/Road-Less-Stupid-Keith-Cunningham/dp/0984659269

     

    Book: Vivid Vision: A Remarkable Tool For Aligning Your Business Around a Shared Vision of the Future

    https://www.amazon.com/Vivid-Vision-Remarkable-Aligning-Business/dp/161961877X

     

    How to Turn a CASH COW Business into Steady CASH FLOW in Retirement! with Chris Lewellen

    How to Turn a CASH COW Business into Steady CASH FLOW in Retirement! with Chris Lewellen

    In this episode, I have the pleasure of hosting Chris Lewellen. He is the president of the famous Waldo and Brookside restaurants, The Well Bar Grill & Rooftop, Lew's Grill and Bar, and Charlie Hooper's Bar. Chris is among the few people that are not afraid to take risks.

    Chris started as a restaurant and bar owner, and he later realized that the business wasn't enough to build him the legacy he has always wanted. His dream to build a community legacy drove him to use real estate as an investment vehicle. From his portfolio, it is easy to point out that he is doing well. 

    In this episode, Chris Lewellen will be taking us through his entrepreneurship journey, how he joined the real estate world, his father's legacy, the legacy he is building for his family, among other things.

    Chris shares some essential nuggets of wisdom that we cannot afford to miss. If you are a restaurant owner or entrepreneur looking to expand your business, it would be great if you listened to this episode.

    Key Talking Points of the Episode:

    [01:29] Getting to know about Chris's upbringing

    [02:27] What bred Chris's love for the Kansas city?

    [03:55] Chris's influences growing up

    [05:56] Chris's first business

    [08:47] Chris's partnership with his brother

    [17:35] How Chris got the liquor license for The Well Bar Grill

    [24:07] What led Chris to buy Charlie Hooper's?

    [32:51] How Chris has used real estate as an investment vehicle

    [36:14] Chris's portfolio

    [37:38] How Chris built his financial friends

    [40:10] How to spot real estate opportunities

    [44:29] What is Chris teaching his children about entrepreneurship and real estate, and how has that impacted his family?

    [50:29] Wrapping up questions

    [54:36] A mistake that happened in Chris's life that he wishes he could go back and change

    Quotable Quotes:

    "There's a good chance that you're going to fail, but you got to keep coming up."

    "10 things that you try in business, you're going to fail at nine of them, but the one you succeed on is going to pay for the nine failures 10 times over."

    "Take your active cash flow, throw them into buildings that will appreciate over time."

    "A vision without execution on the back end is hallucination."

    "I got my entrepreneurial spirit from my dad, but I got my business sense from my mom, because she taught me what to do in business."

    Connect with Chris:

     LinkedIn: https://www.linkedin.com/in/chris-lewellen-5698ab6/

    Twitter: https://twitter.com/thebiglew?lang=en

     

     

    Getting Up Off the Mat - Clarifying One's Purpose with Nathan Brooks

    Getting Up Off the Mat - Clarifying One's Purpose with Nathan Brooks

    In today’s episode, I have Nathan Brooks joining me on the show. From being a father, a God-fearing MMA fighter, an entrepreneur, and a friend, Nathan wears many hats. I invited Nathan to the show because he has a fantastic story of transitioning from entrepreneurship to leadership.

    Nathan’s transition journey has a lot of lessons that we can all borrow. In this episode, we’ll be hearing about his transition to leadership, his real estate journey, a million-dollar meeting concept, his upcoming book, among other inspiring topics.

    Also, you’ll hear what made Nathan jump into the ring for an MMA fight, what made him get into hunting, fishing, and why he strapped a parachute & fan to his back!

    Listen in and learn from this episode.

    Key Talking Points of the Episode:

    [02:14] Nathan’s definition of success

    [06:01] What does Nathan consider as his genius zone in business?

    [07:13] Nathan’s transition from an entrepreneur to a leader

    [10:51] How real estate has changed Nathan’s life

    [13:34] What made Nathan jump in the ring to fight for his life?

    [17:48] How real estate has changed over the last decade

    [20:17] What attracted Nathan to new homes construction and how new build homes will be impacted in future

    [22:50] What is a million-dollar meeting?

    [25:08] An example of a million-dollar meeting

    [26:05] Nathan as a real estate influencer

    [27:24] Nathan’s dream for the future

    [29:05] Nathan’s upcoming book

    [30:15] Wrapping up questions

    Quotables:

    “A lot of times as entrepreneurs, we feel like our responsibility, and our whole self is wrapped up in this title as owner, CEO, or business owner. The truth is, it just setting you up for failure because you’re going to have your whole life tied to what that is, instead of your being life tied to what you want to live in.”

    “Real estate is a combination of the financial result as well as the time freedom to do what I want.”

    “The easier it is to explain, the easier it is to execute.”

    “Ideas are welcome, but execution is worshipped.”

    Resources Mentioned:

    Who Not How- Dan Sullivan

    Eviction Moratorium - Protecting Yourself From Tenant Litigation! with Julie Anderson

    Eviction Moratorium - Protecting Yourself From Tenant Litigation! with Julie Anderson

    In this episode, we’ll be taking you through a real estate legal class. Today, I have the pleasure of hosting my attorney, Julie Anderson. Julie is the reason why I can go to sleep peacefully without worrying about my real estate investments. Julie and I have worked together for over a decade. Her knowledge of real estate law is vast.

    We are living in difficult economic times due to the Covid-19 pandemic. Landlords are taking losses since their tenants are unable to pay their rent. According to Julie, this shouldn’t be the case at all. Landlords deserve better than this. In this episode, we’ll be looking at how to protect yourself as a real estate investor.

    Julie will educate us on the eviction moratoriums, pitfalls that a rookie investor is likely to fall into and share eight tips that real estate investors can apply in their investments.

    Grab a pen and notebook and listen to this legal class.

    Key Talking Points of the Episode:

    [01:53] Getting to know Julie Anderson and what she does

    [02:30] How Covid-19 has changed Julie’s business

    [04:38] Rent relief

    [06:55] Evection moratoriums that have been in place since last year in March

    [16:18] What is a HUD complaint?

    [25:52] What is creative loitering, and how are people in the legal world using it?

    [29:42] Pitfalls that a rookie investor can fall into

    [32:40] what does the CDC order mean?

    [40:21] Is there a back load of foreclosures that we should be worried about?

    [44:18] Key tips that can help investors solve their real estate burden

    [44:34] The importance of communicating with your tenants

    [45:09] Filing of evictions

    [46:09] Paying close attention to your tenant’s behavior

    [47:30] Becoming a social worker as a landlord

    Quotable Quotes:

    “The biggest kink in the system, is that landlords can’t do anything to help themselves unless their tenant cooperates.”

    “The true discipline of success in real estate investing is to face the reality that you’re in.”

    “We serve at the pleasure of the court. If you want to file a lawsuit, you serve at the pleasure of that judge.”

     

    “Communication is the first casualty of all relationships.”

    “The key to success is the discipline of facing the reality.”

    “You need to continue to be an advocate for yourself and continue to file cases or at least have a conversation with your lawyer, depending on your industry.”

     

    8 Key Tips TO PROTECT YOURSELF FROM LITIGATION, or A SUB-PAR RENTER: 

    (1) Communication 

    (2) Don't wait to File 

    (3) Tenant Behavior 

    (4) Rental Assistance 

    (5) Screening 

    (6) Changing Times - Lawyer up! 

    (7) Jobs verification 

    (8) Collaborate with professionals

    Connect with Julie Anderson:

    Website: https://mokslaw.com/

    Do not forget the read Julie’s free resources https://mokslaw.com/julies-blog/

     

     

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