Episode 78: Lee Arnold Code Enforcement and Abatement Treasures

08/05/20 • 61 min

Real Estate Investing Profits Master Series with Cory Boatright

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.

Links and Resources

Cory’s Coaching

How to Win Friends and Influence People

Life is a Series of Presentations

Predictably Irrational

SendFuse

Cogo Capital

Ask Cory a Question

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.

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JOIN The Elite Real Estate Investor’s Board of Directors

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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.

Links and Resources

Cory’s Coaching

How to Win Friends and Influence People

Life is a Series of Presentations

Predictably Irrational

SendFuse

Cogo Capital

Ask Cory a Question

Who do You Want to Hear From?

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

Connect Here

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

Previous Episode

Episode 77: Geremy Heath American Turnkey Properties

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

Ask Cory a Question

Who do You Want to Hear From?

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

Connect Here

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

Next Episode

Episode 79: Gene and RAL

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