On this week’s episode, Robby and Chase discuss mastermind takeaways from Scott Carson’s recent Mastermind group weekend, creating and documenting systems to help scale your business, and they also answer a few questions sent in from the listeners.

Robby starts off by going over his key takeaways from the Mastermind group he recently met with. These include:

• You are the sum of the people that you spend the most time with
• Robby learned that he’s not a manager and it’s a skill set he needs to put more time toward
• A surprise book that he thinks will be one of the top 5 action oriented pieces of content that he will have read this year.

The book led Robby to reaffirm a reoccurring thought he had from a few months ago about scaling his business.

Between the spec home he is building, the apartment building that he is fixing/stabilizing, a fix and flip deal, the note portfolio, the NoteMBA podcast, and his desire to search for other larger commercial deals. He realized there was just so much going on and in order for him to get back to what he is best at which is interacting with investors, sourcing deals and ensuring they have enough capital to do the deals. He would need to bring on and hire help to focus on the areas and necessary processes of running the business.

They let new investors know that these things that they are learning now are things the new investors can implement in their business from the get go so they don’t spend more time creating and teaching others their systems in the future.

From here they transition to talking about the current buying season for them and whether it’s a result of exiting so many deals and realigning their focus or because there’s an abundance of deals coming across their desk. Some interesting points are brought up about interfacing with new and past JV investors such as the 7 touch points.

The last part of the show answers some excellent listener questions including:

• What necessary pre-purchase resources should you have?
• What systems do you need to create or put in place for your JV investors?
• What is the difference between Hard and Soft collateral?
• Is there a specific ROI calculator note investors should be using?

There are some great final parting shots on attitudes and mindsets as well so don’t miss out!

If you have any questions, comments, or potential deals to send our way, email us at [email protected].

Listen to this Week’s Show and Learn:

• A recent book that's having a massive impact on Robby's business
• The difference between hard and soft collateral
• What vendors you should have in place prior to your first deal
• What a mastermind can do for your business
• And much more!

Featured on the Show:

• The 4-Hour Work Week by Tim Ferris
• The E-Myth Real Estate Investor by Michael Gerber
• Scott Carson
• ProTitle USA

Listening Options:

• Subscribe via iTunes.
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• Or click here to get sent to the top of the page where the on-site player is.

Thanks for listening to our show! We’ll be back next Wednesday morning.

Cheers,

Chase & Robby