Sharon Vornholt - Let's Talk Real Estate Investing

If you learn one thing from this show today, it is that achieving financial freedom is possible at any age and at any stage of your life.  Here are some things you need to think about though. First of all, what does financial freedom mean to you?   Have you clearly defined what that looks like for you?  If you have, do you have a plan for achieving financial freedom?  If you don’t, you’re definitely going to want to listen to this show.  My guest today is Florida investor, Tyler Sheff of the popular Cash Flow Guys Podcast. Tyler is a buy and holds landlord that specializes in small, multi-family properties.  Tyler is going to tell you how he got seriously achieved financial freedom in just 11 months. You’re also going to learn why it’s never too late to start your journey to financial freedom through real estate.   Show Notes Here are some of the highlights of this show:  How Tyler got started in real estate His business model and why it works for him Tyler’s definition of financial freedom The “ah-ha” momen

Today I want to go over how to build direct mail lists that get results and the method for doing that.  Let’s face it; no one wants to spend their time and money sending out direct mail that doesn’t get your phone ringing. For those of us that target off market properties, direct mail is the only way to effectively market to some of the niches like probates so it’s important to get this right.  The results you get from your direct mail campaigns can be affected by many factors. However, there are 4 essential parts to every direct mail campaign and if anyone of these is missing or is not quite right you won’t get the results you anticipated. What’s even worse is that you will likely waste a lot of money in the process.    4 Essential Components to Any Direct Mail Campaign  Here are the 4 main components to any direct mail campaign: The list The mail pieces The message The mailing (the campaign) It really doesn’t matter of your message is great or which type of mail piece you send if you don’t get this right.

My guest today says he’d always wanted to own apartment buildings since he was a little kid, and that’s just what he has done.  He made investing in multifamily properties and showing others how to do the same thing his life’s work. My guest today is Charles Dobens. Charles is an attorney and he is the founder of the Multifamily Investing Academy.  His legal and consulting practice has one specialty; helping new investors overcome any lack of confidence in moving toward their financial objective of owning and operating multifamily properties.   Show Notes Here is some of what we talked about today.  If you’re already investing in apartments or if you’re still thinking about investing in multifamily properties, you won’t want to miss this show.  How an attorney that also had an insurance business ended up in real estate Why Charles believes being an attorney gives him an edge; it’s not what you think Changing his legal strategy; helping investors before they need his legal advice Why he always wanted to inves

How would you like to know how some smart, savvy millennial real estate investors are changing the way they think about wealth building?  Can you imagine being financially free at 30? Well, that is the goal of my guest today.  My guest today is Jonathan Farber, a side hustle investor that lives in Raleigh North Carolina.  Jonathan currently has 8 properties which include 2 Airbnb’s at this time some of which he acquired through house hacking. You might be interested to know that his Airbnb’s are doing well today due to their unique location. If you think you’re too old or too young to begin investing in real estate, think again.  That’s one of the things I love about this business.  The barriers you often find in corporate America just don’t exist in real estate investing.    Show Notes Many millennial real estate investors are changing the way they think about wealth building. For them, that change often starts much earlier than previous generations.  No matter what stage of business (or life) you happen to

Investors have been kicking this topic around for as long as I can remember.  Which is better for finding distressed properties?  Off market deals or the MLS? I suppose that depends on who you ask.   I know a lot of investors that get the majority of their properties off the MLS.  They have mastered the art of finding good deals. Some of them follow properties by days on the market, they create spreadsheets and wait for the seller to become a motivated seller. You know which camp I’m in. I love off market deals. Whether you choose to work off market deals or the MLS (or a combination of both) is very much an individual choice.  So, let’s take a look at the pros and cons of each of these.   What are Investors Looking for? Investors are looking for distressed properties in most cases or other hidden gems where sellers have other motivations for wanting to sell quickly in this competitive seller’s market.  At the end of the day, real estate is a number’s game so you need multiple ways to find deals. There are so

Today you’re going to learn how to buy investment property without ever going to a bank through the use of creative financing. My guest Brad Smotherman is an expert on that topic. One of the things that most concerns real estate investors now is how our ability to finance property through traditional lending institutions will be affected by COVID-19 over the next 12 to 24 months or possibly even longer. The question is, “Will I be able to borrow money to buy property? “Let me ask you this. What if you never had to rely on banks again to buy property? Brad owns and manages a seven figure flipping business. He's invested in over 15 States, has houses from Michigan to Georgia, and has completed over 400 transactions today. He's also the host of the top 100 business podcast, investor creator, where he teaches new and seasoned investors, how to take their house flipping business to multiple or six or seven figures without sacrificing freedom. And that's what I want to hear about.   Show Notes How Brad got started

Today’s show is on how to scale your business using the cash flow quadrant. You’re probably going to realize immediately that as a self-employed real estate professional what you really have is a very demanding job.    But, isn’t that what we were trying to escape?  We were most likely looking for freedom. Understanding the cash flow quadrant will show you how to scale your business so that you become a true business owner.  What does that mean for you?  It means that you can take a month off (or longer) and your business will continue to make money in your absence.  You essentially get to fire yourself from the day to day operations. Understanding this process will help you go from employee or self-employed to being a true business owner and the visionary of your business. My guest today is Joe Mendoza. Joe is from sunny San Diego. He’s an investor, a real estate broker, and he is a coach that has mentored and trained hundreds of people.  He also knows how to use the cash flow quadrant to build and scale any

If someone told you that they were going to do 4 flips in 7 days without sacrificing quality and while staying on a budget what would your reaction be?   My guest today is a family man and Utah investor, Tyler Jensen. Tyler started flipping houses more than 10 years ago when he was in college to help pay for his college expenses.  Tyler just completed 4 flips in 7 days while making it a competition between his 2 teams of rehabbers.  He also recorded the whole process as a YouTube TV show.    Show Notes This is a great show, and you’re going to learn some ninja organizational tips in the process that apply not only to rehabbing houses but running your real estate investing business. Here’s a sample of what we talked about in this show: How a college student decides to rehab houses to pay for college Why single-family houses? Marketing: how Tyler finds his deals (it’s probably not what you think) Doing 4 flips in 7 days; how he pulled that off  Who came up with this idea? How the challenge between the two reha

Did you ever hear the term, “money multiplier”? My guest today is Chris Naugle. Chris is on a mission to teach people how money works and to show them some of the secrets of the wealthy. Today we are going to talk about the money multiplier, and how to use that to grow your wealth. If you want to learn one of the secrets of the wealthy, then this show is for you.   Show Notes The money multiplier concept that Chris shares in this show will be completely new to a lot of people. Here is some of what this show is about: How Chris got started in this business (real estate investing was never his plan) Why money problems start in childhood for most people Defining financial intelligence Some of the biggest mistakes people make when it comes to money What is the money multiplier? Baby boomers and the transfer of wealth happening now Erasing debt Infinite banking What is Money School?   How to Get Chris’ Books Free You can get a copy of these books by clicking on the links below. The Private Money Guide Mapping o

Mike Simmons is quick to say that starting a company is easy. However, growing a company that is profitable and building a team that cares about the success or failure of that company is not so easy. So, here's the big question; how do you go from struggling investor to 1 million in profits in 12 months? And more importantly, how do you build a team and a culture that will allow you to grow faster than you ever thought was possible? Today you’ll discover why mentors and masterminds are the secret sauce to making this happen.   Show Notes Here is a sample of what we covered in this information packed show: How Mike got started That “knowing” that you are meant for something more; that you are somehow misplaced in your current job or career Getting past the fear of giving up the steady paycheck The reason this former rehabber changed strategies and started wholesaling Why his experience as a rehabber made the transition to wholesaling so much easier Mistakes made along the way Making the decision to hire befor

Today I want to talk about 10 myths about probate investing. These are common misconceptions that I hear all the time. Most of you know that I have specialized in the niche of probates for over a decade now, so I know this niche well. There are also a lot of investors who are reluctant to work in this niche, and it’s almost always because they just need a little more education.  They don’t quite have the knowledge they need to succeed as a probate investor.    My goal today is to bust those myths about probates and to show you why now is the perfect time to add this strategy to your investing business.   10 Myths about Probate Investing #1. It’s a myth that there is a never-ending supply of leads. #2. You have to know a whole bunch of legal information to work in the probate niche. #3. The probate process is complicated, so investors should just forget probates. #4. Investors are taking advantage of people that have to sell the property in the estate. #5. You need to be an attorney to understand the terminolo

People think it’s tricky having conversations with executors of estates, but that really isn’t true.  Today I want to put your mind at ease when it comes to having these conversations and give you 10 tips for working with executors of an estate.  After all, that’s exactly what it is; you really are just having a conversation with an individual that has a problem.  They have a house that is part of an estate that they need to sell.    To List or Not to List? There are two scenarios here. The first one is that the executor decides to list the property with a Realtor.  Some of the properties will definitely be listed on the MLS. Today we are definitely in a seller’s market and the inventory is low. What that means is there are more buyers than there are houses for sale. In many areas there are multiple buyers competing for each property. However, a lot of the properties in estates will be sold to investors. That’s why it’s critical that you get good at working with executors. This means you have to be comfortabl

Most of you know that I specialize in the niche of probates as well as marketing and branding. I want you to get great results from the time and money you spend on marketing. What I’m finding is that investors have stopped working probates altogether. They have shut down their marketing campaigns. Today I want to put an end to all those stories you’re telling yourself about why you should wait; why now is a bad time to be working in the niche of probates, when it’s actually a good time. I also want you to know, that there are people out there ready to buy your deals. If you’re a rehabber that’s been sitting on the fence, worried about selling your flip, the inventory is still really low in most areas so there are definitely buyers out there.  Now, if you still want to wait a bit to start another rehab and you come across a probate deal, wholesale the property. Trust me when I say that if you have a deal, there is a buyer waiting so it’s time to ramp up your marketing, and there is no better place to start tha

Today we are going to focus on the 8 cities where real estate is expected to recover the quickest after Covid-19, and the 4 factors that will likely determine why they are the first to recover. The shutdowns from Covid-19 began around the middle of March in most areas. So, it has been about 3 months since this crisis began as I write this.  Real estate has been severely impacted by almost every major city across the country. Investors are wondering what their business will look like 3 months, 6 months, and even 1 year from today. These are very uncertain times. My guest today is a Chicago investor, Andrew Holmes. Andrew is the founder of Chicago REIA, and he is an active investor with more than 240 rentals in his portfolio. Not only has he been in this business for a long time, he is also a very data-driven person.  Listen in as we discuss what he believes will be the determining factors in the recovery process during the next 12 to 24 months. Show Notes Here are some of the things we covered in this show. H

So many small business owners are struggling now, and that’s certainly true for real estate investors. It’s almost as if they are frozen in time.  Do I buy, or do I wait?  There is no easy answer.  Today I have put together a few tips on how to set yourself up for success in the last half of this year. You may be wondering exactly how do you get back on track after Covid-19 (or any other life event for that matter) that derails the goals and the plan you laid out for your business at the beginning of the year?  I mean, who could have predicted we would be in this situation on January 1st of this year?  If you are struggling, if you’ve lost your focus, or you just need someone to point you in the right direction, you’re in the right place. We All Crave Success It’s human nature for us to want to be successful at everything we do in business and in life.  Even though you may have some setbacks along the way, if you prepare yourself for the road ahead and really visualize what you want to accomplish, then the on

Have you ever wondered what it would feel like to be starting over with not one but two real estate related businesses?  That’s what we’re going to talk about today.  Rebuilding two businesses with San Antonio rehabber, Danny Johnson. Danny is a veteran house flipper, and he was a software developer before becoming a real estate investor. He is the creator of LeadPropeller real estate investor websites, and he has a brand new updated version of his CRM FlipPilot. After focusing on the software for several years, he's becoming active in real estate investing again.   Show Notes How Danny’s boss “helped him” leave his full-time job Why he chose rehabbing as his investment strategy How one business became two Scaling up; creating a flipping business and a software business Building teams and systems so you can grow What effects Covid-19 will likely have on real estate in the next 12 to 18 months How investors can prepare in the upcoming months so that they thrive rather than just survive during the next year or

Have you ever wondered if there was a way to play a much bigger game in real estate investing?  If the answer is yes, have you ever considered specializing in syndication?  Listen is as my guest Monick Halm tells you exactly how she went from single-family homes and duplexes to multifamily syndication.  Monick is a “recovered attorney” who has 14 years of real estate investing experience which also includes mobile homes, commercial property, ground-up development, and (this is one of my favorites), RV parks. She is also the host of the Real Estate Investor Goddesses Podcast and a wife and mother of 3. One thing I really love about Monick, is that she has built her business on a powerful mission. That mission is to assist 1 million women to achieve financial freedom through real estate.   Show Notes What made Monick trade in the field of law for real estate investing The person that was Monick’s inspiration to become an entrepreneur Why a duplex was her first purchase Single-family homes; why she decided they

Let me ask you this; are you using any creative financing strategies in your business today? If your answer is no, what is holding you back? It’s probably because you don’t understand the different ways you can do this. Your ability to use creative financing strategies will change your business because you will no longer have to depend solely on traditional funding sources for your deals. The two biggest problems real estate investors everywhere have, are finding deals and funding their deals. Finding deals is all about marketing. If you do consistent, targeted marketing you will have leads coming in the door. However, once you’ve found a property, where do you get the money to fund the deal? That’s what I want to talk about today. The importance of adding creative financing strategies to your real estate investing business. Learning how to structure your deals creatively will give you so much more opportunity. In fact, closing on a property will never be a problem once you understand these strategies and kno

Today I want to talk about how to find property with code violations in your area, and I’ve actually made a video on the exact process in my area. Do you know what the best thing is about a code violations list?  You can often get this information without spending a dime.  This is one of those lists that is almost always sourced locally.  And, in many areas, all you have to do is hop on Google and do a search to find the information.  Getting the List in My Area I remember a time several years ago when I had to really do some detective work to find this list.  It wasn’t easy to find.  I had a student tell me that they had a similar experience recently in their city. They spoke with someone at their local code enforcement officer who refused to give them any information on where they could find the code violations list. Well, folks, this is a great list so keep digging until you find it. Like I said, Google is definitely your friend. How Does Someone End up on the Code Violation List? People can end up on this

Entrepreneurs and small business owners are generally focused on growing a profitable business. However, during times of crisis, our focus has to pivot to the survival of our small business.  Forget business growth; survival is the name of the game. My guest today is my Australian friend, Alison Vidotto. Alison knows a lot about small business survival during times of crisis having experienced this several times herself during her career. Alison and her husband have 2 businesses.  Listen in as she tells you how she managed to save her business when things looked like they might lose everything. Alison is the CEO of Vidotto Group & Push Training.   She is a business mentor and strategist, a professional speaker, and a published author.  Alison is also the founder of the Australian Children of Vietnam and the mother of six.   Show Notes How Alison went from education to the CEO of her business Successfully leading her companies through multiple national disasters What she has to say about small business su