Investor Creator Podcast

So you’ve set all those goals for 2023 at the year's turn. Then January rolls into February, and generally by March you forget what your goals were in the first place. Motivation perhaps gets you started on the journey of achieving your goals, but it’s not going to get you where you want to be. So in this episode, we want to share a few ideas about navigating around the certainty of you losing the focus on your goals for 2023, and how to really make this year your best year yet.   

What We Cover: 

• 2 Deals of the Day

Resources: 

• Goal Setting Intensive Part 1 - http://bit.ly/40Q8fCy

Although this one was recorded the morning after Halloween, hence mentioning costumes and candies, we wanted to draw your attention to another crucial element of deal making. After discussing contracts and due diligence, today we want to talk about renegotiation - when to do it, why and how to renegotiate a deal in an efficient, effective and ethical way. 

What is Covered:

• What the subjects of renegotiation are

Remember that your best deals are going to come from term deals and not price deals. Terms are key for the profitability of your long-term deals, but price comes first, then terms. Always keep in mind that a house is a means to an end.

If you want to join the Investor Creator Apprenticeship group, send us an email at [email protected]

Resources:

- TMC #26 - Capturing Equity with Paul Dillon https://bit.ly/3FtHhrr 

- TMC #10 - The 5 Big Motivators: Divorce https://bit.ly/3VP6t10 

- TMC #11 - The 5 Big Motivators: Health & Safety https://bit.ly/3HeMnJM

- TMC #13 - The 5 Big Motivators: Inheritance https://bit.ly/3uvsTsK

- TMC #14 - The 5 Big Motivators: Tired Landlords https://bit.ly/3WcmgHF

- Join The Investor Creator Community https://www.facebook.com/groups/3083532848354005

- Follow us on TikTok https://www.tiktok.com/@bradsmotherman

- Website https://www.bradsmotherman.com

It's that time of the year when we remind ourselves of just how important the gratitude work is in our life and our business.

In this episode, Brad and Tony chat about the three things they are most grateful for in business.

So, make it a habit to stay in the gratitude mindset, because it means you can't be in the lack mindset at the same time.

If you want to become an Investor Creator, send us an email at [email protected]

Resources:

- Join The Investor Creator Community https://www.facebook.com/groups/3083532848354005

- Follow us on TikTok https://www.tiktok.com/@bradsmotherman

- Website https://www.bradsmotherman.com

Welcome back to Tuesday Morning Coffee sessions! Today, Tony Woodall speaks with Paul Dillon, whom we had on the show earlier when we talked about private investigations in real estate. This Tuesday, Paul shares with us his experience with capturing equity, following the Investor Creator method.

What We Cover:

- How Paul decided to start buying equity

- The power of negotiation when it comes to home inspection report

- How to use home inspection as a tool to secure a good deal, understand the property's problems and get cheaper insurance

- Paul's experience with lead generation and qualifying leads

- Why using the script is necessary when talking to leads

- The pitfalls of getting off the script or getting comfortable with the script 

- How to gather resources, advice and a good team

For the Investor Creator apprenticeship group exclusively, Paul is offering group Zoom calls where you can learn more about buying equity. If you want to get involved with Investor Creator, send us an email at [email protected]

Resources:

- Private Investigations in Real Estate with Paul Dillon https://www.bradsmotherman.com/blog/podcasts/private-investigations-in-real-estate-with-paul-dillon/

- Join The Investor Creator Community https://www.facebook.com/groups/3083532848354005

- Follow us on TikTok https://www.tiktok.com/@bradsmotherman

- Website https://www.bradsmotherman.com

Amanda Cooper is back with us to discuss rehabs and help you get into the details of this important part of your REI business. Make sure to follow Amanda's lives every Thursday at 1pm CT to get more answers about rehabs!

- Stinky House Challenge and what was Amanda's first experience with home rehabs

- How many rehabs she actively manages at the moment

- How to manage a home rehab remotely

- What digital assets and documentation you need to decide on the scope and cost list of a rehab

- How house inspection is carried our and in which order you should do a rehab

- How to capture equity in the way you do a rehab

- The cookie-cutter vs. creative side of rehabbing

Resources:

- TMC #12 - Rehabs with Tony and Amanda https://apple.co/3M8cdj2

- Join The Investor Creator Community https://www.facebook.com/groups/3083532848354005

- Follow us on TikTok https://www.tiktok.com/@bradsmotherman

- Website https://www.bradsmotherman.com

Abby Thompson, our CFO and host of the weekly In the Weeds podcast, answers some of the questions sent in by our apprentices, related to the financial side of real estate deals. Tune in to get more clarity on financing your deals. 

What Is Covered:

- How Abby came to work with Brad and what problems she helped sort out in our company

- Why it's so important to keep your finances in check and why you need to learn to be okay with making mistakes

- How to learn to read real estate documents when you are dealing with HUD homes

- How to make a payment on the mortgage if you are a different person than it's written on the mortgage

- How to set up to pay for utilities remotely

- The purpose of filing a memorandum after you've signed a contract

- How home owners insurance works in a subject 2 deal that already has taxes and insurance escrowed to it, and you’re selling it to someone who's going to need to get insurance in their own name

- Which six documents you need signed at the time of closing a deal with a mortgage company 

Abby teaches us that nothing is impossible in this business. It's easy to get bogged down with failings, but if you are willing to persist and learn, you'll find your way to success.

Resources:

- Get in touch with Abby at [email protected]

- Join The Investor Creator Community https://www.facebook.com/groups/3083532848354005

- Follow us on TikTok https://www.tiktok.com/@bradsmotherman

- Website https://www.bradsmotherman.com

Today, we talk about that one thing in your business that you need to focus on to get traction. However, that one thing will be different for everyone, depending on where you are on your business journey right now and where you want to be in the future. So, we're going to unpack this for you and hopefully help you get more clarity on how to decide what to focus on in your business.

What We Cover:

- Why really smart people tend to have more difficulties with taking action

- What you need to focus on if you have problems with finding deals

- What to focus on if you find it difficult to fund your deals

- What to focus on if you can't seem to find the right people for your team

One of the big lessons we all need to learn in life is slowing down to go fast. Remember that for most medium and long-term growth, it's going to take some short-term sacrifice. Not everyone starts at the same point, but if you learn to discern your path and focus on the right things at the right time, you may find yourself achieving your goals faster than you thought!

Resources:

- The ONE Thing: The Surprisingly Simple Truth About Extraordinary Results, a book by Gary Keller https://amzn.to/3Du1r3Y

- Join The Investor Creator Community https://www.facebook.com/groups/3083532848354005

- Follow us on TikTok https://www.tiktok.com/@bradsmotherman

- Website https://www.bradsmotherman.com

Today, we take a look at the beginnings and the struggles we experienced when entering the real estate business. We are going to offer you some perspective on bad times to help you turn your setbacks into your comebacks.

What We Cover:

- Deal of the Day

- How to re-frame everything negative that has happened to you

- How your struggle serves to build your program

- Remember that you never have a full context about people

- Examples of difficult transactions we had, and what we learned from them 

There’s a lot of benefits and value in the struggle. Struggling means that you don’t have the whole context yet of what’s not going well and how to change it. Although riding the roller coaster can be emotionally exhausting, you get to learn from your bad times, and you'll see that over time, most things will work out.

Email us at [email protected] if you have a question you’d like answered on one of the following Tuesdays.

Resources:

- TMC #3 - Context is Everything in Real Estate Investing https://apple.co/3QdxHfn

- Join The Investor Creator Community https://www.facebook.com/groups/3083532848354005

- Follow us on TikTok https://www.tiktok.com/@bradsmotherman

- Website https://www.bradsmotherman.com

What does it mean to stay in hope and why does it matter in these times? Today we talk about how staying in hope can help us define and have clarity about what we want in our future. Hope is part of the narrative we tell ourselves as we try to build a state of mind that believes in a brighter future. This episode is a follow up on the last week's episode and tackles why you need to remain focused on the input to create the output you desire. 

- Deal of the Day 

- Falling in love with the idea of being the only one that is doing it out there

- How hope can be a factor of certainty

- Certainty as the factor of time frame. What time frame are you putting yourself on?  

- Where to find a community that levels you up 

- Remember the Triple A - Affirmation, Abundance Training, Anchors

It is much easier for one person who already has done one deal to do the second one. This is why you need to fall in love with the journey first, and keep in mind that it is a journey that never ends. Remain committed to the process. Be intentional with your affirmations, write down your commitments and then anchor your goals. Your journey of growth starts today.

Email us at [email protected] if you have a question you’d like answered on one of the following Tuesdays.

- TMC #20 - Real Estate: Journey vs. Destination https://apple.co/3oOhHEM

- Join The Investor Creator Community https://www.facebook.com/groups/3083532848354005

- Follow us on TikTok https://www.tiktok.com/@bradsmotherman

- Website https://www.bradsmotherman.com

In real estate, if you’re not growing, you’re dying. Incremental improvements have to be your continual focus. Today we discuss how to take the reins of your business, and as a business owner, how to nurture the mindset where you define your own success. 

- Deal of the day 

- The rise of foreclosure as motivation in the current market 

- You’re not buying a house, you’re buying a problem 

- Perspective leads to expectation, and expectation will create a new perspective 

- The real value of micro-improvements and the compound interest analogy

- Why negotiation is the highest paid hard work and the lowest paid easy work 

- Why focusing on your input is more important than focusing on your output 

Once they start happening, things can happen really quickly in real estate. But before they do, the key that people often miss is consistency. Most people’s expectations are not based on what they are actually doing, but on what other people have done. Don't forget that everybody is just running their own race, and don’t compare yourself to others. It's your daily input that shapes your destiny. 

Email us at [email protected] if you have a question you’d like answered on one of the following Tuesdays.

Resources:

- Join The Investor Creator Community https://www.facebook.com/groups/3083532848354005

- Follow us on TikTok https://www.tiktok.com/@bradsmotherman

- Website https://www.bradsmotherman.com