Investor Creator Podcast

Instead of a Tuesday Morning Coffee episode, which gave us some hard time with the audio recording last week, today I want to invite you to check your commitment. 

I'm getting through 75 HARD program. It is a mental toughness program that requires you to commit to doing 5 things every day for 75 days, including workouts, reading non-fiction, drinking a gallon of water, following a nutrition plan and recording your progress. 

While I'm about to run for 30 minutes in a thunderstorm, I realize I'm not necessarily in love with the process. But I am in love with the commitment to see this through.

The same goes for business - if you want the outcome you desire in terms of your income and your lifestyle, you have to jump into commitment.

So I challenge you to take some time this week and figure out what commitment means to you. And I'd like to hear back from you!

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

Resources:

- 75 HARD https://andyfrisella.com/pages/75hard-info

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

- Website https://www.bradsmotherman.com

This Tuesday, we are discussing what scaling looks like and how it happens in real estate investing business. We go over the signs to watch for, and when it’s time to take the next step and experience growth.

What is Covered:

- Deal of the Day

- The organic nature of scaling 

- Why growth is exponential and not linear

- How scale begins to happen sooner than you think

- Why being too cost-focused is a bad idea

- How to hire teams who are the right cultural fit

Good things happen to those who prepare. In this business, putting systems and structures in place before they are needed is a wise move. If during the scaling period things escalate to a stress point, it may already be too late because it is already inhibiting your growth. So work smart, keep your focus and always stay curious!

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 

- Website https://www.bradsmotherman.com 

Today we'll go over the 3 tried-and-tested strategies that will help you build your own real estate investment business. This is not comprehensive by intention, instead we chose to include the most essential insights that will help you get started. 

- Showcasing deals from two apprentices 

- How to create a compelling vision and a disciplined mindset 

- The ‘grit’ factor for success in the long haul 

- How money works in deal structure  

- Why you don’t have to be the smartest person in the room to do this 

- Why you don’t necessarily need a real estate license 

Some have had quick wins in REI business based on the market, but forgot to build the work ethic and the systems to develop a long-term strategy for sustainable success. Don't be that person, stay curious and keep learning! 

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

- Website https://www.bradsmotherman.com

Today we're discussing the deals where hiring a private investigator made a real difference and helped solve a problem. We also talk about tenacity, and why it's so important that you keep your deals transactional and follow the systems you've created. 

- Deal of the Day 

- What is structured tenacity and how it helps to solve problems with prospecting, listing, reducing, and selling

- The benefits of focusing on buying equity

- How to leave emotions behind in your deals

- How difficult sellers can turn into motivated sellers

You don’t need a private investigator in every deal you do, but they are certainly needed in sticky situations and crucial transactions about title and land ownership. Also, keep in mind that people don’t always intend to be difficult, sometimes it is the situation that complicates this. So your best course of action is to keep it transactional, follow your systems, and stay focused. 

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

- Website https://www.bradsmotherman.com

This Tuesday we will share the three main reasons why we never make offers. We’ll also talk about what realtors need to understand about buying a house, and who actually wins the deal in the real estate business.

- Deal of the Day 

- Are successful people successful because they are cutting corners?

- What you believe about you has everything to do with how you make deals

- No process is foolproof and what to do about it

- How to gauge the motivation of the sellers 

- The three key reasons why we don’t make offers

At the end of the day, it’s all about finding a standard process that works for you, sticking with it and getting better at it. We don't want to take away the motivation from the seller. Let them tell you what they will take for the house and just stay focused on your process. 

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

- Website https://www.bradsmotherman.com

- Deal of the Day 

- Why virtual buying and PPC marketing in real estate can be daunting but also effective

- How to approach dealing with motivated sellers

- The 4S of business motivation 

- How your goals can change your perspective on cash

If we accept that the purpose of any business should be value creation for the owner, at the end of the day, it is you alone who has the freedom to define value creation of your business for your desired specific values. 

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

- Website https://www.bradsmotherman.com

Today we discuss the value of staying the course with your real estate investing business. Execution is about the discipline to practice your predefined strategy and implementation process. Whether you’re generating or nurturing leads, your motivation should always be accompanied by habits and optimized systems that keep you going even when times get rough and real estate markets go crazy.

- Deal of the Day 

- Success requires persistence to stay on the course

- If you have established a working system, trust that things are going to work if you give it enough time

- Why there is a lack of resources that teach creative financing 

- The fear of failure as the biggest reason not to start something

- How incremental improvements over time become exponential 

- Why tacit approval is a lie and the value of surrounding yourself with a peer group that will help you grow 

- You can’t take advice  from people that aren’t where you want to be 

There are exponential benefits to staying the course. If you learn to focus on the quality and quantity of effort you are putting in, like attending training, keeping your skills current and learning about latest real estate market trends, you will reap the rewards if you can hold on to your path. Anybody can give you the tools but the willingness to stay the course is up to you. Stay curious and keep learning! 

Resources:

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

- Website https://www.bradsmotherman.com

In this edition of Tuesday Morning Coffee, Brad and Tony discuss the importance of maintaining the right context in your real estate decision making and the goals you set for yourself as an investor.

- Deal of the Day

- What it means to maintain context in real estate investment decision-making

- The primary purpose of accountability calls and sticking to the script 

- The symbiotic relationship between being an explorer and a settler in the property business and the good conflict that arises out of it 

- How not to lose context of what the goal is and dealing with the challenges of fulfillment 

- Everything is driven by a system, system brings certainty, and certainty brings power 

The skill of maintaining the context, which is the ability to see a thing or a situation from different perspectives, is valuable especially in an extremely competitive market like real estate. Having a system and creating habits helps a lot to create stability, which in turn enables you to see your goals and your business in the right context.

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

•  Join The Investor Creator Community

Today, we discuss the latest news from the property market, how the events in the world impact real estate values and what you can do to stay on top of the investing game. 

What We Cover:

- The record rise in house prices over the last year

- What CPI - Consumer Price Index is telling us

- How the Ukraine situation may impact real estate markets in the US

- How to prepare for the market correction when it comes

- The current difficulties in real estate market supply

- The importance of understanding deal structure

As Tony says, remember that new normals are temporary, they function in seasons. If you have a model that you can play in market correction, you'll be able to navigate current and future situations and not feel threatened by either bull or bear market in property.

Resources:

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

- Brad Smotherman website https://www.bradsmotherman.com/  

Welcome to the first edition of Tuesday Morning Coffee series!

There’s much more opportunity in the market than people think. Tune in and learn how to make most out of the current real estate market situation.

What Is Covered:

- Tony’s background and how he met Brad and started in real estate

- How Tony closed his first deal

- Deal of the Day

- Our digital marketing breakdown for this month

- Different ways to find deals without big marketing

- The importance of mindset in real estate investing business

- The anecdote with an old lady and why we decided to lose that deal

- How we do triage in our business frame

- How to use your time wisely to find more deals 

If you have a question you’d like answered on one of the following Tuesdays, reach out at [email protected]  

Resources:

- John Jones: Lessons from 28 Years in Real Estate https://makinginvestor.podbean.com/e/john-jones-lessons-from-28-years-in-real-estate/ 

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

- Brad Smotherman website https://www.bradsmotherman.com/