1000Houses.com Podcast

1000Houses.com Podcast

By Mitch StephenBusinessInvestingCareers
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1000Houses.com Podcast episodes

  • Episode 220: Large Commercial R/E Broker Reflects on Becoming Self Employed

    David Held, a native of San Antonio, began his career in commercial real estate in 1982 working for local real estate developer, Robert Callaway where he did office, retail and industrial leasing as well as land brokerage and property management.

    Later in his career, David served as the regional manager for Koll/Rubloff/CBRE and had direct responsibility over a large, diverse portfolio in San Antonio, Austin, Abilene and Midland. He also was a senior vice president at the Trammell Crow Company where he led the brokerage and property management teams in the office and industrial arenas. Upon merging with CBRE, David was in charge of the San Antonio operation prior to departing to start Endura Advisory Group in 2007.

    He is highly regarded as a business leader as well as for his negotiating acumen. David has been responsible for closing over $450 million in a variety of real estate transactions and has consistently demonstrated an ability to promote, negotiate, troubleshoot and close significant transactions.

    At Endura, David is active as a broker yet plays a meaningful role in the day to day operations and direction of the company as well as its employees.

    A native of San Antonio, David and his family are active and highly respected in the community. His work ethic, communications skills and integrity are the key reasons clients rely on David and return to him whenever a need arises.

    What you’ll learn about in this episode:

    How David “fell into” real estate and why it’s important to seize the opportunity when it presents itself
    Why flexibility — being able to roll with the punches and evolve as the markets change — is so crucial for a business in real estate development
    Going from employee to entrepreneur and taking the leap of faith from one of the top people for a large real estate organization with the security it provides into the unknown
    Why it’s not only important to have a partner but to have one that complements you so that you might usually be on the same page, but approach challenges from different vantage points, bringing different insights into the discussion
    Why David surrounds himself with outstanding people, personally and professionally, and what it has meant for his personal and professional growth
    What David finds most and least fulfilling about being the man in charge as an entrepreneur, real estate investor, and business owner
    The role David’s faith plays in how he approaches and does business and how from a servant’s heart to Biblical principles, David’s faith is front and center in the way he works
    Why David believes he should always leave enough money on the table in a transaction that someone else can make money on the deal
    Why sometimes good enough really is good enough and why it’s sometimes better to take your win and leave something on the table for the next person
    The importance of knowing when to seek the expertise of someone else and why David believes it has been instrumental for his success
    Why David believes taking action and not just thinking about making deals is what sets apart real estate investing success stories from so many would-be investors
    Resources:
    REInvestorSummit.com/Everywhere
    REInvestorSummit.com/Machine
    REInvestorSummit.com/privatelenders
    REInvestorSummit.com/101
    REInvestorSummit.com/Coaching





    39 min
  • Episode 226: Turning Trash Into Cash: Don’t Walk Away From These Deals

    Brandon Gaunce was notified in November of 2013 that his corporate job position was being eliminated and his options included relocating within the US or taking a demotion to stay in his hometown and face a 2-hour one-way commute to and from work daily and he needed to decide by May of 2014.

    During that time, he met Mitch Stephen who expressed with empathy that there could be another option if he was willing to be a good student and put in lots and lots of effort! Brandon chose this option and became a student of Mitch’s while taking on a part-time job to help ease the transition.

    2014 was a tough year, but Brandon and his family made it through successfully by doing just 3 deals and now, a short 4 years later, Brandon has carved out his own little niche in real estate. Coupled with Mitch’s Owner Finance Model, Brandon is averaging 40-50 property acquisitions per year and has an annual income 4 times that of his previous corporate job and a net worth of close to 1 million dollars. He is forever grateful that God put Mitch in his life and doesn’t know where he would be today otherwise!

    What you’ll learn about in this episode:

    How Brandon went from earning $70,000 plus bonuses annually in corporate America to a net worth of more than $680,000 in his third year as a real estate investor earning more than $300,000 that year alone
    The shocking thing about the way Brandon made his money as a real estate investor (hint: it wasn’t in large cities)
    Brandon’s affection for ugly properties and how those ugly houses, mobile homes, and unimproved lots can earn very pretty money
    How realtors are leaving money on the table by not taking on these types of houses and presenting them to investors and other potentially interested parties
    Why Mitch suggests Brandon think twice about bringing his wife into the business
    Working through the lows to come out on top
    How sometimes the highs and the lows in real estate and any other investing come in the same month, nearly at the same time
    Brandon’s business high moment and Mitch’s role in that special moment
    How Brandon is able to have a closing rate of nearly 80 percent
    Why tenacity is one of Brandon’s greatest assets
    Resources:
    REInvestorSummit.com/privatelenders
    REInvestorSummit.com/privatemoney
    REInvestorSummit.com/Everywhere
    REInvestorSummit.com/Livecomm
    REInvestorSummit.com/coaching





    23 min
  • Episode 225: LLCs and ASSET PROTECTION
    Attorney Lee R. Phillips will teach you how to reposition yourself in the law so that you can go out and make more money than you have ever thought possible. You will be amazed at how a good knowledge of the law will actually let you make more money. In today’s lawsuit happy society, making it isn’t enough. You also have to know how to protect your wealth, or someone will take it away from you. It might be your tenants, the IRS, the government regulations (like lead paint) or some greedy lawyer. Unless you are shielded, everything you have can be lost.

    Lee is a counselor to the Supreme Court of the United States and an engaging speaker. He will walk you through how to make it and how to keep it using the tools of wealth. Nobody ever gets rich without an understanding of the tools that create wealth and protect it.

    What you’ll learn about in this episode:
    The difference between making a good living and being a multimillionaire
    How to effectively set up operating agreements
    What “asset protection” actually entails
    The reason the majority of bankruptcies happen and how to stop if from happening to you
    Legal pockets: what they are and how many of them you should have
    The history of limited liability companies (LLCs) and how they function
    Different ways you can have an LLC taxed and the benefits of each option
    Advantages of small businesses and real estate in terms of taxes
    What above the line and below the line accounting is
    The biggest asset protection threat
    Ways you’re paying more to the government than you realize
    How to control your taxes
    An illustration showing how 40% tax can really take a dip in your income
    What the reverse compounding effect is and how it can mean more money in your pocket
    Legally playing the tax game to maximize your money
    The history behind a charging order protection
    How the charging order protection aspect of an LLC can save you if you get into trouble
    Why many states have laws that don’t allow single member LLCs to have charging order protection
    The reason having an operating agreement is essential
    How Lee can help you make sure you have your LLC set up the right way
    Setting up your LLC and why small details that seem trivial can actually be really important
    Resources:
    REInvestorSummit.com/LLCwizard
    REInvestorSummit.com/Sly
    REInvestorSummit.com/Capital
    REInvestorSummit.com/aof
    REInvestorSummit.com/privatemoney
    REInvestorSummit.com/coaching

    Love the show? Subscribe, rate, review, and share!

  • Here’s How »


  • Join the Real Estate Investor Summit Community:

  • reinvestorsummit.com

  • Real Estate Investor Summit Facebook

  • Real Estate Investor Summit Twitter

  • Real Estate Investor Summit YouTube

  • Mitch Stephen LinkedIn

  • 43 min
  • Episode 225: LLCs and ASSET PROTECTION

    Attorney Lee R. Phillips will teach you how to reposition yourself in the law so that you can go out and make more money than you have ever thought possible. You will be amazed at how a good knowledge of the law will actually let you make more money. In today’s lawsuit happy society, making it isn’t enough. You also have to know how to protect your wealth, or someone will take it away from you. It might be your tenants, the IRS, the government regulations (like lead paint) or some greedy lawyer. Unless you are shielded, everything you have can be lost.

    Lee is a counselor to the Supreme Court of the United States and an engaging speaker. He will walk you through how to make it and how to keep it using the tools of wealth. Nobody ever gets rich without an understanding of the tools that create wealth and protect it.

    What you’ll learn about in this episode:

    The difference between making a good living and being a multimillionaire
    How to effectively set up operating agreements
    What “asset protection” actually entails
    The reason the majority of bankruptcies happen and how to stop if from happening to you
    Legal pockets: what they are and how many of them you should have
    The history of limited liability companies (LLCs) and how they function
    Different ways you can have an LLC taxed and the benefits of each option
    Advantages of small businesses and real estate in terms of taxes
    What above the line and below the line accounting is
    The biggest asset protection threat
    Ways you’re paying more to the government than you realize
    How to control your taxes
    An illustration showing how 40% tax can really take a dip in your income
    What the reverse compounding effect is and how it can mean more money in your pocket
    Legally playing the tax game to maximize your money
    The history behind a charging order protection
    How the charging order protection aspect of an LLC can save you if you get into trouble
    Why many states have laws that don’t allow single member LLCs to have charging order protection
    The reason having an operating agreement is essential
    How Lee can help you make sure you have your LLC set up the right way
    Setting up your LLC and why small details that seem trivial can actually be really important
    Resources:
    REInvestorSummit.com/LLCwizard
    REInvestorSummit.com/Sly
    REInvestorSummit.com/Capital
    REInvestorSummit.com/aof
    REInvestorSummit.com/privatemoney
    REInvestorSummit.com/coaching

    Love the show? Subscribe, rate, review, and share!
    • Here’s How »
    • Join the Real Estate Investor Summit Community:
      • reinvestorsummit.com
      • Real Estate Investor Summit Facebook
      • Real Estate Investor Summit Twitter
      • Real Estate Investor Summit YouTube
      • Mitch Stephen LinkedIn
      • 46 min
      • Episode 225: LLCs and ASSET PROTECTION

        Attorney Lee R. Phillips will teach you how to reposition yourself in the law so that you can go out and make more money than you have ever thought possible. You will be amazed at how a good knowledge of the law will actually let you make more money. In today’s lawsuit happy society, making it isn’t enough. You also have to know how to protect your wealth, or someone will take it away from you. It might be your tenants, the IRS, the government regulations (like lead paint) or some greedy lawyer. Unless you are shielded, everything you have can be lost.

        Lee is a counselor to the Supreme Court of the United States and an engaging speaker. He will walk you through how to make it and how to keep it using the tools of wealth. Nobody ever gets rich without an understanding of the tools that create wealth and protect it.

        What you’ll learn about in this episode:

        The difference between making a good living and being a multimillionaire
        How to effectively set up operating agreements
        What “asset protection” actually entails
        The reason the majority of bankruptcies happen and how to stop if from happening to you
        Legal pockets: what they are and how many of them you should have
        The history of limited liability companies (LLCs) and how they function
        Different ways you can have an LLC taxed and the benefits of each option
        Advantages of small businesses and real estate in terms of taxes
        What above the line and below the line accounting is
        The biggest asset protection threat
        Ways you’re paying more to the government than you realize
        How to control your taxes
        An illustration showing how 40% tax can really take a dip in your income
        What the reverse compounding effect is and how it can mean more money in your pocket
        Legally playing the tax game to maximize your money
        The history behind a charging order protection
        How the charging order protection aspect of an LLC can save you if you get into trouble
        Why many states have laws that don’t allow single member LLCs to have charging order protection
        The reason having an operating agreement is essential
        How Lee can help you make sure you have your LLC set up the right way
        Setting up your LLC and why small details that seem trivial can actually be really important
        Resources:
        REInvestorSummit.com/LLCwizard
        REInvestorSummit.com/Sly
        REInvestorSummit.com/Capital
        REInvestorSummit.com/aof
        REInvestorSummit.com/privatemoney
        REInvestorSummit.com/coaching





        46 min
      • Episode 222: Master Engineer Dives into Real Estate

        Patrick Mahaffey spent the better part of seven years at Texas A&M University getting two different engineering degrees. After putting his time in, he started his engineering career and eventually made his way to the oil patch in South Texas. During his move from Corpus Christi to San Antonio, oil prices started declining and work was slowing down. Luckily one of Patrick’s best friends from college, Mike Powell, had already been settled into San Antonio and was earning his stripes in the investment real estate arena, buying up as much as possible. Since he had enough time to kill in between jobs, Patrick asked if he could ride around town with him and see what this “house buying” gig was all about. Not knowing a THING about real estate (much less buying houses with cash, at a discount) he was confused but certainly intrigued! After countless questions over drinks, and eventually working his way to writing up a proper contract, it felt like something fun to do in his spare time.

        With time passing and no positive correspondence from the engineering firms in town (mostly since Patrick was being difficult with his requests), he was asked to take up the real estate game full time. Since he’s about as analytical as they come, there weren’t enough books for him to read to understand this concept, and he certainly struggled with some of the simplest fundamentals, but he found my way to slowly buying a house or two, here and there.

        Three years flew by and Patrick is working on holding onto his own notes for owner financing, and the lessons have been invaluable. It’s tough to measure the amount he’s learned in that time, since none of it would’ve ever ended up on my plate if he had continued the standard path of corporate life with a nine-to-five J-O-B. The business, financial, entrepreneurial, and general real estate knowledge/experience are tough to replace at this point.

        What you’ll learn about in this episode:

        Patrick’s start in real estate investing that began when he got in touch with Mike, his college friend and Mitch’s business partner
        His experience in professional house finding for 3 years
        How in the next 12 months, Patrick expects to make $110,000 or $120,000, although it could be much higher than that
        How he made about $40,000 in his first year and about $65,000 in his second year
        Why there’s no cap in how much money can be made in this business
        Generating prospects by driving around looking for clues that people may want to sell their houses
        The benefit of keeping detailed notes on all current and previous prospects and why sticking with it pays off
        A great skip tracing software resource that Patrick loves to use in his business
        Why Patrick expects to complete 40 to 45 deals on houses in 2018
        The skill involved in talking with prospects and why Patrick tailors what he says based on each person he’s talking with
        How to get people to talk to you when they don’t want to
        How many phone calls Patrick believes you should make each day
        Using VAs to help make phone calls
        How Patrick has seen an average profit of $3,000 to $5,000 per house
        Patrick’s advice for entrepreneurs: be patient and work hard
        Resources:
        REInvestorSummit.com/privatelenders
        REInvestorSummit.com/Machine
        REInvestorSummit.com/Capital
        REInvestorSummit.com/aof
        REInvestorSummit.com/coaching

        Love the show? Subscribe, rate, review, and share!
        • Here’s How »
        • Join the Real Estate Investor Summit Community:
          • reinvestorsummit.com
          • Real Estate Investor Summit Facebook
          • Real Estate Investor Summit Twitter
          • Real Estate Investor Summit YouTube
          • Mitch Stephen LinkedIn
          • 28 min
          • Episode 222: Master Engineer Dives into Real Estate

            Patrick Mahaffey spent the better part of seven years at Texas A&M University getting two different engineering degrees. After putting his time in, he started his engineering career and eventually made his way to the oil patch in South Texas. During his move from Corpus Christi to San Antonio, oil prices started declining and work was slowing down. Luckily one of Patrick’s best friends from college, Mike Powell, had already been settled into San Antonio and was earning his stripes in the investment real estate arena, buying up as much as possible. Since he had enough time to kill in between jobs, Patrick asked if he could ride around town with him and see what this “house buying” gig was all about. Not knowing a THING about real estate (much less buying houses with cash, at a discount) he was confused but certainly intrigued! After countless questions over drinks, and eventually working his way to writing up a proper contract, it felt like something fun to do in his spare time.

            With time passing and no positive correspondence from the engineering firms in town (mostly since Patrick was being difficult with his requests), he was asked to take up the real estate game full time. Since he’s about as analytical as they come, there weren’t enough books for him to read to understand this concept, and he certainly struggled with some of the simplest fundamentals, but he found my way to slowly buying a house or two, here and there.

            Three years flew by and Patrick is working on holding onto his own notes for owner financing, and the lessons have been invaluable. It’s tough to measure the amount he’s learned in that time, since none of it would’ve ever ended up on my plate if he had continued the standard path of corporate life with a nine-to-five J-O-B. The business, financial, entrepreneurial, and general real estate knowledge/experience are tough to replace at this point.

            What you’ll learn about in this episode:

            Patrick’s start in real estate investing that began when he got in touch with Mike, his college friend and Mitch’s business partner
            His experience in professional house finding for 3 years
            How in the next 12 months, Patrick expects to make $110,000 or $120,000, although it could be much higher than that
            How he made about $40,000 in his first year and about $65,000 in his second year
            Why there’s no cap in how much money can be made in this business
            Generating prospects by driving around looking for clues that people may want to sell their houses
            The benefit of keeping detailed notes on all current and previous prospects and why sticking with it pays off
            A great skip tracing software resource that Patrick loves to use in his business
            Why Patrick expects to complete 40 to 45 deals on houses in 2018
            The skill involved in talking with prospects and why Patrick tailors what he says based on each person he’s talking with
            How to get people to talk to you when they don’t want to
            How many phone calls Patrick believes you should make each day
            Using VAs to help make phone calls
            How Patrick has seen an average profit of $3,000 to $5,000 per house
            Patrick’s advice for entrepreneurs: be patient and work hard
            Resources:
            REInvestorSummit.com/privatelenders
            REInvestorSummit.com/Machine
            REInvestorSummit.com/Capital
            REInvestorSummit.com/aof
            REInvestorSummit.com/coaching

            Love the show? Subscribe, rate, review, and share!
            • Here’s How »
            • Join the Real Estate Investor Summit Community:
              • reinvestorsummit.com
              • Real Estate Investor Summit Facebook
              • Real Estate Investor Summit Twitter
              • Real Estate Investor Summit YouTube
              • Mitch Stephen LinkedIn
              • 28 min
              • Episode 222: Master Engineer Dives into Real Estate

                Patrick Mahaffey spent the better part of seven years at Texas A&M University getting two different engineering degrees. After putting his time in, he started his engineering career and eventually made his way to the oil patch in South Texas. During his move from Corpus Christi to San Antonio, oil prices started declining and work was slowing down. Luckily one of Patrick’s best friends from college, Mike Powell, had already been settled into San Antonio and was earning his stripes in the investment real estate arena, buying up as much as possible. Since he had enough time to kill in between jobs, Patrick asked if he could ride around town with him and see what this “house buying” gig was all about. Not knowing a THING about real estate (much less buying houses with cash, at a discount) he was confused but certainly intrigued! After countless questions over drinks, and eventually working his way to writing up a proper contract, it felt like something fun to do in his spare time.

                With time passing and no positive correspondence from the engineering firms in town (mostly since Patrick was being difficult with his requests), he was asked to take up the real estate game full time. Since he’s about as analytical as they come, there weren’t enough books for him to read to understand this concept, and he certainly struggled with some of the simplest fundamentals, but he found my way to slowly buying a house or two, here and there.

                Three years flew by and Patrick is working on holding onto his own notes for owner financing, and the lessons have been invaluable. It’s tough to measure the amount he’s learned in that time, since none of it would’ve ever ended up on my plate if he had continued the standard path of corporate life with a nine-to-five J-O-B. The business, financial, entrepreneurial, and general real estate knowledge/experience are tough to replace at this point.

                What you’ll learn about in this episode:

                Patrick’s start in real estate investing that began when he got in touch with Mike, his college friend and Mitch’s business partner
                His experience in professional house finding for 3 years
                How in the next 12 months, Patrick expects to make $110,000 or $120,000, although it could be much higher than that
                How he made about $40,000 in his first year and about $65,000 in his second year
                Why there’s no cap in how much money can be made in this business
                Generating prospects by driving around looking for clues that people may want to sell their houses
                The benefit of keeping detailed notes on all current and previous prospects and why sticking with it pays off
                A great skip tracing software resource that Patrick loves to use in his business
                Why Patrick expects to complete 40 to 45 deals on houses in 2018
                The skill involved in talking with prospects and why Patrick tailors what he says based on each person he’s talking with
                How to get people to talk to you when they don’t want to
                How many phone calls Patrick believes you should make each day
                Using VAs to help make phone calls
                How Patrick has seen an average profit of $3,000 to $5,000 per house
                Patrick’s advice for entrepreneurs: be patient and work hard
                Resources:
                REInvestorSummit.com/privatelenders
                REInvestorSummit.com/Machine
                REInvestorSummit.com/Capital
                REInvestorSummit.com/aof
                REInvestorSummit.com/coaching





                28 min
              • Episode 224: My First House Flipping Partner, We did 400 Deals Together

                Sam Madrid entered the world of creative real estate investing in 1996. In his first year he studied the gurus of the day, modified their action plans for his market, and began his journey of buying and selling residential houses. By 1998 he was in full swing, buying 45 houses a year. The following year he bought 65 houses, year after that he bought 150 houses and sold 100 exactly! He specializes in buy and hold and owner financing. With 1,000’s of transactions to his credit, he created a lifestyle of success and freedom that most envy. He is humble but quiet. He is passionate. He is a family man and a man of faith.

                What you’ll learn about in this episode:

                How a chance meeting, being at the right place at the right time, helped to forge a friendship and business partnership that has been profitable and personally rewarding
                An inventive form of flipping involving buying a property, selling it via owner financing, selling the note, and cashing out of the property and how Mitch and Sam got the idea for this type of “flipping”
                How inventing ways to solve problems can also lead to highly profitable business solutions
                The amount of money they walked away with that year and the life altering question, “what next?”
                The important role of education for real estate investing and the various ways you can get the education on the Internet – meaning you can do it on your own time – while still bringing home a paycheck to make your initial investments
                How one investment in his education changed the course of his career
                Why Sam believes that formal education isn’t always the key as long as you continue to learn through seminars, podcasts, webinars, courses, books, etc.
                The one thing that is even more critical for success in real estate than constant education
                The fact that when you’re excited to get up and rolling with your day, it doesn’t feel like work or a daily grind
                How knowing the way to build a successful business starting with nothing to invest means you can do it again and again – no need to stress over losing money today when you can make more tomorrow
                The incredible value of a rinse and repeat system that allows you to essentially print your own money
                The business model for real estate that weathers bubbles, bank collapses, and other storms that break businesses built on traditional real estate investing models
                Why real estate investors who work with owner/seller financing are the last ones standing when disasters in the real estate market take place
                Why Sam prefers to work in working class neighborhoods rather than fancier, luxury, or high-end housing
                Sam’s advice to young, new investors
                Sam’s greatest challenge in building a solid real estate empire that creates enough passive income for him to enjoy a comfortable lifestyle in the Caribbean while working remotely
                Resources:
                REInvestorSummit.com/privatelenders
                REInvestorSummit.com/privatemoney
                REInvestorSummit.com/Capital
                REInvestorSummit.com/Sly
                REInvestorSummit.com/aof
                REInvestorSummit.com/coaching





                28 min
              • Episode 223: Raising Millions Under the Age of 20

                Ross Hamilton has been investing in real estate since he was just 19 years old and he has really done it all. Ross has completed countless residential and commercial fix and flips, wholesale deals, he buys and sells notes and makes a killing developing land.

                Although he loves showing real estate investors how to accomplish more in less time, you’ve never seen Ross on stage selling real estate products.

                Ross Hamilton has a rare talent set. Not only has he been uber successful as a real estate investor, he has made a very influential name in the tech world as well. Ross has raised and invested millions into tech companies.

                In 2011 Ross was nominated by Entrepreneur Magazine for emerging entrepreneur of the year.

                What you’ll learn about in this episode:

                Why 80% of millionaires make their first million in real estate
                How Ross bought his first property at 19 years old and built great cash flow
                Why networking is key in making money
                Why Ross decided to build a social network just for real estate called Connected Investors which is growing quickly and has close to half a million members
                A lesson from Ross’s first mentor: if the deal is good, the money will be available
                Why buyers are in extremely high demand
                Why — if anyone is wondering whether they can get money for a deal — the answer is 100% “yes”
                How people profit from the inefficiencies of real estate
                Connected Investors’ tools that help you get deals funded
                Why this is a phenomenal time to get involved in real estate investing, with technology and market sources in your favor
                Why getting funding for real estate is no longer a challenge
                Borrowers need more education, and Connected Investors’ comprehensive training course gives you the information you need when you’re looking for funding
                The number-one mistake when getting real estate deals funded: People dealing with scams and with inexperienced lenders
                Why you need to verify your lender and check their references
                Why the money you have to put down decreases as time goes on and when you have more experience
                Resources:
                REInvestorSummit.com/fundit
                REInvestorSummit.com/getdeals
                REInvestorSummit.com/podcastmagic
                REInvestorSummit.com/noteservicing
                REInvestorSummit.com/coaching
                REInvestorSummit.com/101





                37 min

              About 1000Houses.com Podcast

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