Investor Creator Podcast

A couple of years ago, we had an episode about dealing with divorce as one of the five big motivators that we see in deal flows.

This time we're taking a lighter tone and talking about the best way of working with your spouse.  

My guest is my wife Casey, who joined me in business a couple of years ago. We are sharing our experiences of working together, the best parts, the challenging parts, and most importantly, advice for those who may be running into one of the biggest business roadblocks - an unsupportive spouse. 

What We Cover:

- What made Casey transition from teaching into real estate

- The concerns Casey and Brad had before starting to work together

- How spouses can prevent their business to take over their marriage

- The importance of setting common goals for business and life

- The best and the worst parts of working together

- What to do if you are starting out in business and you have an unsupportive spouse

Not every couple needs to work together, and that is perfectly fine. However, if you decide to work with your spouse, be ready to commit to common goals so you can thrive in business and stay married. If you are dealing with an unsupportive spouse, often the turning point is closing your first deal. But if the lack of support persists, you'll need to make a decision on how far you will take it and what that commitment is.

Resources:

- Dealing with Divorce https://makingInvestor.podbean.com/e/dealing-with-divorce-1580485822/

- Interested in becoming a real estate investor? Ask for more information about Brad Smotherman's apprenticeship group at [email protected]

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

- https://www.bradsmotherman.com/

What is the best way of working with your spouse? How to handle an unsupportive spouse when you are starting out in the property business? Stay tuned and find out from Brad and Casey Smotherman.

John Jones has 28 years of experience in real estate, in land development, construction, rentals and commercial estate. He is the owner of John Jones Real Estate LLC, based in Murfreesboro, Rutherford County TN. A real estate innovator both locally and nationally, John and his team continue to perennially set production records, with 560 units sold and over $185,000,000 in volume in 2020. He is also an avid football fan and a very involved family man.

In this episode he shares how he got through The Great Recession and what lessons he learned about the market, about running a real estate business, dealing with banks and the current housing crisis. Enjoy! 

- The current state of the real estate market and the roots of the housing crisis

- How John became a realtor and how he got his first deal as a buyer

- When he noticed things were not going well

- What 2008 recession taught him about risk management

- Why he didn't declare bankruptcy and how he fulfilled his financial obligations

- When things started to get better and how he changed the way he worked to protect his business in the future

- What John's favorite class of assets is and why

- What he hopes to accomplish in the next ten years

Resources:

- John Jones Real Estate LLC https://www.murfreesborohomesonline.com/

Interested in becoming a real estate investor? Sign up of Brad Smotherman's apprenticeship group at [email protected]

John Jones is a 28-year veteran in real estate with experience in land development, construction, rentals and commercial estate. Stay tuned for the nuggets of wisdom he shares with us about surviving The Great Recession, and navigating his way through the current market and into the future.

FULL EPISODE COMING SOON!!

David Richter is a fractional CFO helping people in the real estate industry to understand the numbers, growth, profit and cash flow in order to effectively scale their businesses. David's book "Profit First for Real Estate Investors" is coming out soon and it is based on the Profit First concept by Mike Michalowicz. In this episode David explains how to apply the Profit First concept to the specifics of real estate investing. He also gives us one key takeaway to help you build a more profitable business than it is today.

What We Cover:

- The burning need for entrepreneurs to get more clarity on the numbers in their business

- What is Profit First for Real Estate Investors

- The three types of accounts every real estate investor should have

- How to apply Profit First when you want to scale your business

- What investors should do with excess cash they generate

- The difference between creating wealth and keeping wealth

- How your real estate investing business can become your asset

Resources:

- Profit First for Real Estate Investors https://profitfirstrei.com/

- Simple CFO Solutions https://simplecfosolutions.com/

- "Profit First: Transform Your Business from a Cash-Eating Monster to Money-Making Machine" by Mike Michalowitz https://www.amazon.com/Profit-First-Transform-Cash-Eating-Money-Making-ebook/dp/B01HCGYTH4

- "Rich Dad, Poor Dad: What the Rich Teach Their Kids About Money that the Poor and Middle Class do not" by Robert Kiyosaki https://www.amazon.com/Rich-Dad-Poor-Teach-Middle-ebook/dp/B07C7M8SX9/

- "Exit Rich: The 6 P Method to Sell Your Business for Huge Profit" by Michelle Seiler Tucker https://www.amazon.com/Exit-Rich-Method-Business-Profit-ebook/dp/B08PCK7PMK/ 

- "Secrets of Sand Hill Road: Venture Capital - And How to Get it" by Scott Kupor https://www.amazon.com/Secrets-Sand-Hill-Road-Capital-ebook/dp/B07KLJQ13R/

Interested in becoming a real estate investor? Sign up of Brad Smotherman's apprenticeship group at [email protected]

If you are trying to scale your real estate investing business, stay tuned for this episode! David Richter from Simple CFO Solutions talks about the Profit First concept for real estate investors, and gives one key takeaway to help you build a more profitable business than it is today. Full interview coming up tomorrow!

I'm excited to welcome Justin Rogers to the show, a 10-year veteran in investing and a member of my apprenticeship group for 2 years. We are diving deep into Justin's meteoric rise from making 15-25k per flip to his first six-figure deal using our system and scaling to 7-figure business.

What is Covered:

- What has changed in the real estate market since 2012

- How Justin got started with investing after a career in entertainment 

- How he made his first 500k deal

- The toughest part of transitioning from solopreneurship to investing business

- How marketing became a gamechanger in Justin's business

- Justin's most memorable deal to date

Justin honestly shares his fears and struggles, from the lack of self-belief and belief in group programs, to juggling his family life and working life at the beginning of his journey. It's humbling for me to witness the success he has made within this program.

If you want to be a part of our apprenticeship group and experience the growth Justin had, shoot us an email at [email protected]

Justin Rogers is a real estate investor with 10 years of experience and a member of Brad Smotherman's apprenticeship group. Stay tuned to learn about his best deals that helped him 15x his business!

Our guest in this episode is Nathan Amaral, an international investor who gives us a very forward-thinking perspective on real estate business and venturing into markets outside of your home country. Nathan is the founder of Fearless Millionaire, creator of the Freedom Formula, author, and international trainer.

In this episode we talk about what cap rates look like in other countries, what political processes are like and how this affects transactions, taxes, laws and the future of international investing. 

What is Covered:

- How Nathan became an investor and how he moved to Uganda

- The importance of soaking yourself in another culture before starting a business there

- What his first deal in Uganda looked like

- Why corruption is a global phenomenon

- How to raise money in a foreign country

- Nathan's current senior care project

- What his next markets are and what Covid has brought to international investors

After the conversation with Nathan, I can't help but wondering, with AI and technology advancing, if the typical investor in 30 years will be someone with a more international vantage point. The answer is probably yes, and Nathan is showing us the way. 

Resources:

- Fearless Millionaire Podcast https://www.fearless-millionaire.com/podcasts/fearless-millionaire-podcast

Interested in becoming a real estate investor? Sign up of Brad Smotherman's apprenticeship group at [email protected]

This week we'll learn from the Fearless Millionaire Nathan Amaral about taking your real estate investing business abroad to countries like Uganda, Malaysia, Singapore and more. Stay tuned!