The Smart Real Estate Coach Podcast|Real Estate Investing

Chris Prefontaine
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Apr 3, 2019 • 38min

Episode 89: Multi Family Wealth with Technological Precision, with Neal Bawa

Neal Bawa is CEO / Founder at Grocapitus, a commercial real estate investment company. Neal sources, negotiates and acquires Commercial properties across the U.S., for 200+ investors. Current portfolio over 1000 units, projected to be at 2000 in 12 months. The portfolio includes Multifamily and student housing properties in 6 U.S. states. Neal also serves as CEO at MultifamilyU, an apartment investing education company. He speaks at events & meetups across the country. Nearly 4,000 students attend his multifamily seminar series each year and hundreds attend his Magic of Multifamily boot camps. Thousands hear his podcasts and he has been featured in over a dozen podcasts and radio shows. His management techniques and revenue optimization techniques for Multifamily are considered unique in the industry. Neal is the co-founder of the largest Multifamily Investing Meetup network in the U.S. (BAMF), a group of investors that has over 3000 members. He has taught the Fundamentals of Multifamily investing, Real Estate trends and deal analysis to 1000+ students, including investors from three different IRA companies. He raises over $12 Million dollars a year for his projects. What you'll learn about in this episode: How Neal first got involved in real estate investing, as part of his previous job as a Chief Operations Officer Why Neal started teaching his multifamily skills through his meetup, and how he grew the meetup to almost five thousand members Why Neal applies practical and effective business principles to his multifamily investment building Why Neal strives to be transparent with his methods, and why he is honest about his failures How Neal's online and in-person meetups work, and what information and data Neal provides to the audience Why Neal left India and moved to the United States in 1997, and how he rapidly grew his meetup Why Neal considers his greatest success and greatest failure to have come from the same project Why it's important to buy your investment projects based on what's happening today and not what might happen tomorrow How to get free multifamily resources from Neal, and how to get access to his accelerated bootcamp series What key daily activities Neal pursues to be as productive and focused as possible in his work Additional resources: Website: www.multifamilyu.com/toolkit/ Neal Bawa's Recommended Reading List: Multi-Family Millions by David Lindahl: https://amzn.to/2sSRBmW The ONE Thing by Gary Keller and Jay Papasan: https://amzn.to/2B7Y4im
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Mar 27, 2019 • 39min

Episode 88: Re-engineered Life and Biz at age 71 and on Track for $1M in Year One, with Bill Reich

Bill started Bright Property Solutions in 2017 at the ripe young age of 71. He and his partner, Joanne, have grown the business to over $1M per year by buying and selling residential properties on terms in the DC/Baltimore area. Bill's plan is to grow the company to $3M per year by 2020, and then will try to scale back from his 14-hour days to spend more time with his family–including nine grandchildren from his two sons–and indulging in his passions for traveling to different countries throughout the world. What you'll learn about in this episode: How the 2008 economic crash left Bill starting over, after 40 years in the commercial real estate business How becoming an associate with Chris's family business has been significantly different from Bill's time in commercial real estate What Bill finds appealing about being an associate, and what support he receives from Chris and the family business Why Bill is confident that he will be able to hit $1 million dollars in his first year in business under Chris's program How Bill is able to operate in the higher-end market, and why more affluent sellers need to sell quickly too Why Bill is expanding his business by hiring others, including a former seller he completed a deal with Why Bill recommends books by Bob Proctor, Napoleon Hill, Dr. Joe Vitale, Grant Cardone, Darren Hardy, and others What big projects Bill has in the works, including launching an Airbnb rental business What advice Bill would recommend for investors who may be questioning themselves or looking to get started on the right foot Why having the right mentor is critical for helping you learn from the mistakes you're going to make anyway Additional resources: Telephone: (202) 765-0060 Chris Prefontaine's Free Webinar: www.smartrealestatecoach.com
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Mar 20, 2019 • 22min

Episode 87: Should you STOP Rehabbing & Wholesaling?, with Chris Prefontaine

Chris is the best-selling author of Real Estate on Your Terms: Create Continuous Cash Flow Now, Without Using Your Cash or Credit. He's also the founder of SmartRealEstateCoach.com and the Smart Real Estate Coach Podcast. Chris has been in real estate for over 25 years. His experience includes the construction of over 100 single family and duplex homes (mostly 1990's and selectively to date), has owned a Realty Executives Franchise (Massachusetts 1994-2000) as broker / owner which maintained high per-agent standards and eventually sold to Coldwell Banker in 2000. The 2000's included coaching ½ million and higher REALTORs® in order to scale & automate their business throughout the US and Canada. He also participated (and still does selectively) in doing condo conversions (multi-family homes to condos) and "raise the roof" projects (converting single family ranches to colonials in growth neighborhoods). Chris has been a big advocate of constant education and participates regularly in high-end mastermind groups, as well as consults with private mentors. He runs his own buying and selling businesses with his family team, which buys 2-5 properties monthly, so they're in the trenches every single week. They also help clients do the same thing around the country. Chris and his family team have done over 80 million in real estate transactions. They mentor, coach, consult, and actually partner with students around the country (by application only) to do exactly what they do. What you'll learn about in this episode: Why you need to be prepared to handle any type of real estate transaction, especially in case the market changes How the Prefontaine family business works, and why their deals are set up to create three distinct paydays What Chris finds appealing about owner financing, subject to existing financing, and lease purchase Why Chris exists almost all of his deals by way of rent-to-own buyers (with a few caveats) Why Chris believes it's critically important to his business to pre-screen his buyers before putting them in homes Why it's possible to get up to a fourth payday from some of your deals, with examples of how to do it Why it's tax-advantageous to run some of your terms deals through your IRA or your IRA-owned LLC How Chris's system is scalable based on how much you want to work and how many deals you want to complete Why you should take Chris's free webinar, read his "Real Estate On Your Terms" book, and follow his QLS course Additional resources: Real Estate On Your Terms by Chris Prefontaine: https://amzn.to/2AO9kAh Website: www.smartrealestatecoach.com
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Mar 13, 2019 • 32min

Episode 86: How Do You Get to 7 Figures and Beyond as an Entrepreneur?, with Brett Gilliland

Brett Gilliland is Founder and CEO of Elite Entrepreneurs, a company that specializes in giving $1M+ business owners the knowledge, processes, and tools to grow to $10M and beyond. Brett is an expert in organization development, leadership, and strategy and spent 10 years helping Infusionsoft grow from $7M in revenue to over $100M. Brett was involved in the foundational work of Purpose, Values, and Mission at Infusionsoft and facilitated the strategic planning process for many years. One of Brett's favorite professional accomplishments is co-creating Infusionsoft's Elite Forum along with Clate Mask and building the Elite business inside of Infusionsoft. As the leader of the Elite business, Brett has helped hundreds of struggling seven-figure business owners overcome their biggest challenges and achieve new levels of success. He also played a central role in the development of Infusionsoft's Leadership Model and was serving as the VP of Leadership Development when the decision was made to spin the Elite business out of Infusionsoft. As the new owner of Elite Entrepreneurs, Brett can't think of anything else he'd rather be doing professionally. When Brett isn't busy helping $1M+ businesses succeed, he is a family man who enjoys spending time with his beautiful wife, Sharon, and their 8 children. What you'll learn about in this episode: How Brett got started working with Infusionsoft as a consultant and eventually came to become vice president with the company Why the challenges faced by seven-figure organizations wanting to move into eight figures are fairly universal What steps you should take when you're just under the $1 million revenue mark and wanting to grow beyond that level Why you as a business leader set the limits of your business's growth, based upon your own ability to grow and learn How to get access to a free copy of Brett's growth program for businesses under $1 million who are ready to grow Why accountability to a peer group is a powerful tool to help push you toward growth and strengthen your business What daily activities Brett does to help keep himself centered, focused and charged up for his work week What plans Brett has for Elite Entrepreneurs in the future, and how he's preparing to execute those plans What book Brett is currently reading, who his favorite author is, and what valuable lessons he has learned from his mentors What strategies Brett recommends you focus on in your business in the next few months, and what values you should work on cultivating Additional resources: Website: www.smartrealestatecoach.com/growwithelite Website: www.smartrealestatecoach.com/elite Twitter: @built2lastchamp
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Mar 6, 2019 • 21min

Episode 85: Becoming a Master of Your Industry, with Stephen Woessner

Stephen Woessner is the founder and CEO of Predictive ROI, a digital marketing agency, and the host of Onward Nation — a top-rated daily podcast for learning how today's top business owners think, act, and achieve. Onward Nation is listened to in 120 countries around the world with over 28,000+ email subscribers. Since the advent of the commercial Internet, Stephen has collected tens of thousands of data points that have given him the ability to identify what he calls the "8 Money Draining Mistakes" and the "8 Money Making Opportunities." Darren Hardy, then-publisher of SUCCESS Magazine, interviewed Stephen to discuss how business owners can identify and fix the mistakes. Stephen served in the United States Air Force, spent six years at the University of Wisconsin-La Crosse as a full-time academic staff member and taught digital marketing classes to small business owners throughout the state including the prestigious School of Business at UW-Madison, has owned five businesses, and is the author of three books, "The Small Business Owner's Handbook to Search Engine Optimization", "Increase Online Sales Through Viral Social Networking", and "Profitable Podcasting." His digital marketing insights have been featured in Forbes.com, Entrepreneur.com, The Washington Post, and Inc. Magazine. What you'll learn about in this episode: What you'll be able to learn at Chris's two-day QLS business strategy event, and how to register to attend the event How to attend the upcoming annual Business Scaling Secrets exclusive event with Chris and other high-profile speakers Why the key to scaling your business is found in being the expert of your industry in your local market Why people seek out a specialist for their needs, and why it is important to be clear in your intentions and beliefs Why you must be aware of why you chose the business you are in and build your point of view around what differentiates you How to use the lessons you have learned to define your perspective and guide your business decisions Why it is important to be certain you are surrounding yourself with the "right" people in your inner circle Why it takes time, practice, and learning from your mistakes to develop mastery in your business Why improvement comes from taking action, critiquing your action, adjusting for what you've learned, and taking action again (A-C-A-A) How great athletes became great because of coaching and practice, and why they didn't start out as legends of their sport Additional resources: Chris's 2019 QLS Live Event: http://qlslive.com/ Chris's 2019 Business Scaling Event: www.smartrealestatecoach.com/business-scaling/ Becoming a Category of One by Joe Calloway: https://amzn.to/2SBkBij SmartRealEstateCoachPodcast.com/webinar SmartRealEstateCoachPodcast.com/termsbook SmartRealEstateCoachPodcast.com/ebook SmartRealEstateCoachPodcast.com/QLS
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Feb 27, 2019 • 25min

Episode 84: Secret Weapons for Getting to Yes, with Ed Rush

950 miles an hour. Now that's fast. But it's not nearly as fast as Ed Rush flew in his combat career as a decorated F-18 pilot, which included over 50 combat missions and 2 tours to Iraq. While in the Marines, Ed served as the one of the country's leading instructors on aerial dog fighting and recently worked as a key player in the development of the new F-35 Joint Strike Fighter. Ed is a sought after speaker, bringing his dynamic gifts to the stage in engaging ways that make his clients look great. Ed also serves as the "secret weapon" that over 300 companies have brought in "through the back door" to help them increase profit & decrease waste, consulting them with honesty and effectiveness. After 2 combat tours to Iraq, Ed left full-time active duty to speak, write, and share a message that will change the world. He has achieved all of this despite possessing a below average intelligence (case in point: Ed failed Kindergarten). What you'll learn about in this episode: Which three things are the keys to getting people to say "yes" when you're proposing a deal Why communication is different now than it has been previously, and how to take advantage of the changes Why you must build an effective and solid foundation for your business to be able to maximize your deals Why it's worth attending Chris and Ed's event, and what you can expect to take away from the event How Ed's "basic training", "weapons training" and "Jedi master" training levels work Why every great story and work of literature has a "hero" and a "guide", and how it relates to your business Why the secret to success in your business deals is to keep the conversation about the person you're speaking with Why a live event is a one-of-a-kind learning opportunity that can't be replicated in any other way How Ed prices his one-on-one coaching, and why the price of Chris and Ed's event is spectacular for what you'll get Additional resources: SmartRealEstateCoachPodcast.com/EdRushBook SmartRealEstateCoachPodcast.com/EdRush SmartRealEstateCoachPodcast.com/webinar SmartRealEstateCoachPodcast.com/termsbook SmartRealEstateCoachPodcast.com/ebook SmartRealEstateCoachPodcast.com/QLS
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Feb 20, 2019 • 29min

Episode 83: Hawaiian Style, with Lane Kawaoka

Lane Kawaoka is Co-Owner at MFPE Investments LLC which controls 1,433+ units and where he is responsible for finding investment opportunities, analysis, and marketing. Mr. Kawaoka obtained a BS in Industrial Engineer and MS in Civil Engineering and Construction Management from the University of Washington. In addition to an analytical engineering background, Lane has real world experience in working as a project manager for over $220 million dollars of capital construction projects in both the public and private sector. Working as a high paid professional in Corporate America and frustrated by the traditional wealth building dogma, Lane was compelled to inspire and mentor other working professionals via his top rated podcast at SimplePassiveCashflow.com. What you'll learn about in this episode: How Lane's career path led him to real estate investing, and how he structures his passive income business Why Lane specializes in secondary and tertiary markets to maximize his passive cash flow income Why Lane targets large metropolitan cities but avoids overloaded markets like New York and Los Angeles Why Lane moved out of the single-family home market and moved to multifamily properties, and why he turns to third party property management Why experience is critical if you want to be a general partner in multi-investor property deals Why Lane believes that young investors should be starting out with conservative investments How a rent-to-value ratio of greater than 1% is an important factor in the deals you should be doing What big mistakes investors should be watching out for, and what advice Lane would give to avoid them What daily activities Lane follows to be his best, what he's working on next, and how to contact Lane Additional resources: Website: www.simplepassivecashflow.com Twitter: @SimplepassiveCF SmartRealEstateCoachPodcast.com/Kawaoka SmartRealEstateCoachPodcast.com/webinar SmartRealEstateCoachPodcast.com/termsbook SmartRealEstateCoachPodcast.com/ebook SmartRealEstateCoachPodcast.com/QLS
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Feb 13, 2019 • 34min

Episode 82: Putting Your Profit First, with Mike Michalowicz

Mike Michalowicz is the author of Profit First, Surge, The Pumpkin Plan, and his newest release Clockwork. By his 35th birthday, Mike had founded and sold two companies – one to private equity and another to a Fortune 500. Today he is running his third multi-million dollar venture, Profit First Professionals. Mike is a former small business columnist for The Wall Street Journal and the former business makeover specialist on MSNBC. Over the years, Mike has traveled the globe speaking with thousands of entrepreneurs and is here today to share the best of what he has learned. What you'll learn about in this episode: Why early in his career Mike discovered (painfully) that arrogance and ignorance aren't a good combination Why the formula "sales – expenses = profits" is a flawed formula, and why profit should be the focus Why the solution to saving a struggling business isn't increasing your sales but increasing your profits What obstacles Mike's clients typically experience, and how he gets them past those struggles How to get a free excerpt of Mike's book "Profit First: Transform Your Business from a Cash-Eating Monster to a Money-Making Machine" Why putting profit first refines your business to support its profitability and allows you to see problems more easily Why you should view your relationship with your business more as a "conjoined twin" than "parent-child" Mike shares a story of one of his clients' biggest wins using the Profit First business system What Mike is working on now, including an upcoming book he is writing on business growth Additional resources: SmartRealEstateCoachPodcast.com/MikeMotorBike Profit First by Mike Michalowicz: http://a.co/d/7SXGxDj Clockwork by Mike Michalowicz: http://a.co/d/90PMPZd First two chapters free: SmartRealEstateCoachPodcast.com/ClockWork SmartRealEstateCoachPodcast.com/webinar SmartRealEstateCoachPodcast.com/termsbook SmartRealEstateCoachPodcast.com/ebook SmartRealEstateCoachPodcast.com/QLS
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Feb 6, 2019 • 33min

Episode 81: If a 10 year old can buy an apartment building, so can you

Lance Edwards is #1 best-selling author of How to Make Big Money in Small Apartments. He's been involved with apartments since 2002. His first real estate deal was a small apartment – a 4-plex he bought nothing down. He's done deals ranging from 3 units to nearly 300 units. He started part-time while working a demanding corporate job and within 3 years retired from corporate America, thanks to small apartments. He's been teaching and coaching apartments since 2007. The largest deal he's done with students is a $11 million flip with 2 students. What you'll learn about in this episode: How Lance made the leap from working in a corporate environment for over 20 years to investing in real estate How to overcome your reservations and complete your first deal, while maintaining your current job to pay the bills What obstacles and limiting beliefs to expect when getting started in real estate, and how to effectively overcome them Why small apartment buildings are a great investment opportunity with the potential for greater profits than single-family How Lance generates small apartment leads, and what method has been an effective "secret weapon" Why Lance considers mistakes to be "expensive lessons", and how to avoid them in your own business How to effectively scale up your apartment business as you gain experience and feel more comfortable in the space What three productive things Lance does every day to be his best and succeed in business Which business mentors have had the greatest influence on all aspects of Lance's life and why What advice present-day Lance would give his younger self about working in the corporate world Additional resources: Website: www.lanceedwards.com Podcast: www.greenlightreinvesting.com LinkedIn: www.linkedin.com/in/lanceedwards Twitter: @Lance_Edwards SmartRealEstateCoachPodcast.com/ApartmentsBook SmartRealEstateCoachPodcast.com/webinar SmartRealEstateCoachPodcast.com/termsbook SmartRealEstateCoachPodcast.com/ebook SmartRealEstateCoachPodcast.com/QLS
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Jan 30, 2019 • 27min

Episode 80: Chris in the Hot Seat – Hear the Real Answers, with Eric Rosenberg

Eric Rosenberg is a finance, travel, and technology writer in Ventura, California. He is a former bank manager and corporate finance and accounting professional who left his day job in 2016 to take his online side hustle full-time. He has in-depth experience writing about banking, credit cards, investing, and other financial topics, and is an avid travel hacker. When away from the keyboard, Eric he enjoys exploring the world, flying small airplanes, discovering new craft beers, and spending time with his wife and little girls. You can connect with him at PersonalProfitability.com and EricRosenberg.com. What you'll learn about in this episode: How Eric's early career in banking and finance helped prepare him for entering the real estate world How Chris does his deals without putting any cash down, through various methods like lease purchasing and owner financing How you can use Chris's methods not only in your business deals but also on your own primary residence How Chris finds owners willing to accept owner financing deals, and why sellers would be willing to accept those deals How lower-end and higher-end markets differ, and how both can be valid investment options What fears, concerns and objections people express to Chris, and how he helps them overcome those worries Why Chris believes you need to be fully committed to real estate investing to find success in the business What mistakes Chris sees both buyers and sellers making, and how he helps them learn from and correct those mistakes Resources: Email: eric@ericrosenberg.com SmartRealEstateCoachPodcast.com/PersonalProfitabilityBootcamp SmartRealEstateCoachPodcast.com/PersonalProfitability SmartRealEstateCoachPodcast.com/webinar SmartRealEstateCoachPodcast.com/termsbook SmartRealEstateCoachPodcast.com/ebook SmartRealEstateCoachPodcast.com/QLS

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