Real Estate Investing Profits Master Series with Cory Boatright

Welcome back to the show, my party people! It’s been a while since the last episode, so I thought we’d dive right back in with a really hot topic: Residential assisted living.

My guest, Gene Guarino, an expert in the field, is going to explain to us how we can turn a residential home into an assisted living facility. It’s a fascinating conversation and what he has to say will blow your mind.

Tune in to hear how many ways you can skin this cat!

Minute Markers

• [03:45] Gene introduces himself and describes his ideal client.
• [04:55] His foray into the world of assisted living facilities.
• [06:48] Gene’s prior career running a music school.
• [08:51] Why cash flow is better than equity value.
• [10:05] Gene’s big challenges getting into the assisted living business.
• [15:04] Your best asset as a businessperson.
• [16:01] The two parts to what Gene does.
• [17:15] Shooting for 20-30% profit.
• [19:41] Clarifying the terms of this business.
• [22:46] Gene’s favorite motivational quote.
• [23:07] Gene’s book recommendation.
• [24:15] Gene’s favorite app. Tunity
• [26:28] Why he chooses to work in the assisted living field.
• [27:12] What makes him feel grateful.

RAL 101

Cory’s Coaching

Unlimited Selling Power

Tunity

Want to get in touch with Cory and ask him your most burning Real Estate Investing question? We’ve made it super easy for you. Just head over to our Ask Cory A Question page and start recording. Cory will play your question live on an upcoming show and answer it personally.

Name some folks I should get on the show! Hit me up:[email protected] and I’ll do my best to get them on.

Did you get your FREE investing guide?

TEXT the word PROFIT (38470) to immediately receive your FREE Investing Quick Start Guide!

JOIN The Elite Real Estate Investor’s Board of Directors

http://JoinMyMastermind.com

Please check out our website, realestateinvestingprofits.com for the “Down and Dirty” Ultimate Real Estate Investing Quick Start Guide download.

Today, I speak with Lee Arnold, someone I’ve known for about a decade. He is someone I hold in high regard and respect him for his ability to have built his business based on biblical principles.

We discuss how his personal history led him to his current career, as well as how his faith guides him in business. We also talk about his experience with code enforcement and abatements.

Tune in to hear Lee’s story and what he does at Cogo Capital.

MINUTE MARKERS

• [04:00] Lee calls in from the small town of Coeur d'Alene, Idaho.
• [05:50] Lee’s educational and professional history.
• [07:45] Discussing how and to whom his business lends money.
• [10:28] Why Lee dropped out of college sophomore year.
• [12:12] How his mother and the community supported his entire family for two years.
• [15:45] How Rich Dad, Poor Dad influenced his outlook at an early age.
• [19:55] Being in the right place at the right time with the right people.
• [20:28] Lee’s first experience with the code enforcement/lien abatement process.
• [26:55] Why and when you should focus on properties already producing income.
• [29:35] Making sure you have a bedrock.
• [32:04] Why making money caused Lee to backslide.
• [34:18] Why banks don’t see this business as a legitimate one.
• [38:55] Lee’s three favorite books.
• [41:25] Why Lee bought SendFuse.
• [42:45] His and his wife’s experience having children.
• [49:45] The importance of mentorship.
• [53:27] Why raising money is the scariest thing you can do.
• [53:28] What Lee’s business is doing at present.

Quotes:

And that’s the secret sauce: If you’ll simply find good deals, then money will readily be available for those things.

The best predictor of future performance is past performance.

Cory’s Coaching

How to Win Friends and Influence People

Life is a Series of Presentations

Predictably Irrational

SendFuse

Cogo Capital

Want to get in touch with Cory and ask him your most burning Real Estate Investing question? We’ve made it super easy for you. Just head over to our Ask Cory A Question page and start recording. Cory will play your question live on an upcoming show and answer it personally.

Name some folks I should get on the show! Hit me up:[email protected] and I’ll do my best to get them on.

Did you get your FREE investing guide?

TEXT the word PROFIT (38470) to immediately receive your FREE Investing Quick Start Guide!

JOIN The Elite Real Estate Investor’s Board of Directors

http://JoinMyMastermind.com

Please check out our website, realestateinvestingprofits.com for the “Down and Dirty” Ultimate Real Estate Investing Quick Start Guide download.

Hello and welcome back to all my favorite investors and entrepreneurs. Today, we have another great show for you. I sit down and chat with Geremy Heath, the CEO of American Turnkey Properties and Six Sigma Black Belt. Together, we discuss not only his company’s mission, but the best ways to invest and methods for success.

American Turnkey Properties is a real estate sales and management company. They fix up rental properties and find investors for said properties. These are great investments, as there are different ways to hold the properties.

Tune in to hear our conversation about Geremy Heath’s business and how he built his success from the ground up.

MINUTE MARKERS

• [4:20] Introducing Geremy Heath.
• [08:17] Explaining the mission of American Turnkey Properties.
• [11:27] Why mentorship is important.
• [15:05] Why mastering the bank financing side is critical to investing.
• [20:00] Geremy finds he learns from his ups and downs.
• [21:20] His morning routine and how it helps him operate at his best.
• [25:35] Geremy’s favorite Henry Ford quote.
• [27:05] His favorite audiobooks, such as The Law of Success.
• [32:10] Useful apps and tools for real estate.
• [35:10] Exercising in the morning.
• [40:01] His inspirational rags-to-riches story.

Links and Resources:

The Real Estate Mates

American Turnkey Properties

The Law of Success

Want to get in touch with Cory and ask him your most burning Real Estate Investing question? We’ve made it super easy for you. Just head over to our Ask Cory A Question page and start recording. Cory will play your question live on an upcoming show and answer it personally.

Name some folks I should get on the show! Hit me up:[email protected] and I’ll do my best to get them on.

Did you get your FREE investing guide?

TEXT the word PROFIT (38470) to immediately receive your FREE Investing Quick Start Guide!

JOIN The Elite Real Estate Investor’s Board of Directors

http://JoinMyMastermind.com

Please check out our website, realestateinvestingprofits.com for the “Down and Dirty” Ultimate Real Estate Investing Quick Start Guide download.

Hello and welcome back to all my favorite investors and entrepreneurs. Today’s guest is a special one. David Lecko, founder of the DealMachine app and community, is a man focused on personal development. If he wasn’t, he never would have designed this amazing real estate tool in the first place.

DealMachine is an amazing mobile app designed specifically for real estate investors. David started out with rental properties and driving for dollars, but he quickly realized he needed a tool that could streamline all of his responsibilities. Thus, DealMachine was born! At first the app was just for him, but when friends and colleagues started asking for it, he decided to put it up on the App Store and share it with the world.

As real estate investors, we all want to and need to work in real time. DealMachine can help you do that on the business side of things, but David is also sharing strategies for managing the personal side of things too. From marketing to customer service, all the way to how to do business with your partners and mentors, David shares nuggets of knowledge that will help investors new and seasoned alike to get a better grip on their business.

David manages to find that balance between life and work while still working with a speed fit for this fast food generation. It’s hard to be an entrepreneur, and Shiny Object Syndrome is REAL. It can be a real struggle to stick with the boring, day-to-do processes and systems of running your business, but if you don’t get excited about boring systems and processes, then you’re really going to have a hard time behind a business owner. You have to change your mindset if you want to build your business into the successful behemoth you know it can be, and David shares a few key tips that can help get you there.

MINUTE MARKERS

4:24 - Meet David Lecko!

5:55 - David’s breaking point inspired him to build DealMachine

9:23 - What does the DealMachine app really do?

13:33 - Who are the team behind DealMachine?

16:29 - What’s happening in Indianapolis?

17:41 - David dives into the marketing elements of DealMachine

19:53 - David’s biggest piece of advice for newbies

21:43 - Elyse helps David out with his favorite motivational quotes

23:57 - Who is David’s favorite author?

26:16 - Strategies for breaking out of that Shiny Object Syndrome

28:52 - Why is it so hard to give up control of our businesses?

31:41 - What is the $10,000/hr activity?

34:55 - Why David brought in a third party to help him and his business partners

36:20 - David’s favorite mobile apps

38:57 - What does David’s morning routine look like?

40:30 - What is David most grateful for?

42:06 - At what point does David think we should get mentors?

43:30 - David’s favorite part about DealMachine

45:00 - How to get in touch with David and create an account with DealMachine

48:00 - David is here to encourage any and all investors to improve their lives

LINKS AND RESOURCES

DealMachine

The DealMachine Facebook Group

DealMachine Insta

Profit First

Pumpkin Plan

The E-Myth

Slack

Want to get in touch with Cory and ask him your most burning Real Estate Investing question? We’ve made it super easy for you. Just head over to our Ask Cory A Question page and start recording. Cory will play your question live on an upcoming show and answer it personally.

Name some folks I should get on the show! Hit me up:[email protected] and I’ll do my best to get them on.

Did You Get Your FREE Investing Guide?

TEXT the word PROFIT (38470) to immediately sent Your FREE Investing Quick Start Guide!

JOIN The Elite Real Estate Investor’s Board of Directors

http://JoinMyMastermind.com

Please check out our website, realestateinvestingprofits.com for the “Down and Dirty” Ultimate Real Estate Investing Quick Start Guide download.

Keep the best and sell the rest. That’s the motto of David Dodge, a killer wholesaler from St. Louis. He’s on the show today dropping some real nuggets for real estate investors of all kinds. David is on fire right now, doing wholesales, fix and flips, and he just published his first book. Tune in now to catch this guy while you can, because his real estate investments are really about to take off!

David then started renting properties out early on but quickly realized there’s a better way to do this business. That’s where the inspiration for David’s real estate investment strategy came from, and it’s really evolved over the past decade. You’ll want to pay attention to how David developed his profit master strategy. He’s professionally cherrypicking the wholesale properties that fit in with his goals and he’s spending the rest of his time honing in on what he calls the BRRR strategy.

This BRRR strategy David breaks down today is something banks love, too. We’re not talking about big banks here. In fact, David prefers to have his property loans with a few of his favorite banks rather than just one or two. He shares why other real estate investors should be jumping on this trend, and delves further into why he’s using private lender funds to invest in his wholesale properties.

Remember - none of David’s success happened overnight. He took the time to invest in his education through books and mentorships in order to get to the point he is today. David shares where this consistent motivation comes from, but I want you to remember that it starts right here. The challenge for you is to apply the golden nuggets you learn today to your own business and your own profit master strategy to see what works.

"If you’re in real estate long enough, you’re guaranteed to create some wealth. - David"

MINUTE MARKERS

2:44 - Here’s the man: David Dodge

3:25 - David’s got his new book sitting right next to him

5:05 - What’s David’s focus in real estate investing?

8:18 - Something changed five years ago that changed David’s path

11:10 - Did college influence David’s real estate strategy?

15:15 - What’s David’s business motto?

18:34 - David breaks down his profit master strategy

22:32 - Have you ever heard of the BRRRR Strategy?

27:00 - Why portfolio lending with smaller banks is better

32:13 - What books inspired David the most?

37:39 - David’s got a couple of motivational quotes

43:45 - David’s favorite mobile apps

44:20 - How important is a good dashboard?

48:05 - A few apps and sites that can help you develop a dashboard

49:42 - The greatest lesson David learned in wholesaling

51:17 - The only 2 things that matter about CRMs: Notes and Tasks

54:30 - What’s the “perfect seller appointment”?

56:33 - How to use Tasks the right way in the CRM

58:18 - David’s true definition of “wholesaling”

59:30 - Does David get 8 hours of sleep every night?

59:46 - What’s David’s morning routine?

1:01:46 - David lays out the whole team that’s rocking the St. Louis market right now

1:05:22 - Why (and how) is David using private lenders?

1:11:21 - What does the wholesale market look like in St. Louis?

1:13:37 - What is David most grateful for?

1:19:55 - How do the things and words you say affect your mood?

1:24:47 - How many coaches has David used in his career?

1:27:50 - Why David isn’t afraid of taxes anymore

1:29:18 - David is rocking radio advertising right now in St. Louis

1:35:30 - Where can you get your hands on David’s book: The Ultimate Guide to Wholesaling Real Estate?

1:36:49 - Connect with David on Facebook and Instagram

Wholesaling is so easy. Human beings make it difficult. - David

HouseSoldEasy.com

The Ultimate Guide to Wholesaling Real Estate: Learn How to Buy Properties at a Discount

Discount Property Investor podcast

Joe McCall

Chris Arnold

Steve Trang

Rich Dad, Poor Dad

The Real Estate Wholesaling Bible

Relentless

Klipfolio

Dropbox

REI BlackBook