OPM Mastery

That’s what Will Banard’s company does every single day. Of course, he didn’t start there. His first flip was what he calls “accidental” but once he sold it for a handsome profit, he’s been hooked ever since. Now his company works exclusively in Southern California, the absolute toughest real estate market in the United States. But he’s doing it, even though people tell him it’s impossible. In this episode of Invest Four More, Will shares his story with Mark Ferguson and you, and unloads some amazing tips regarding house flipping, property ownership and rentals, investing, partnerships, and much more.

The question seems crazy, doesn’t it? But it can be the reality when you’re dealing with properties that sell on that level. The amount of renovation, taxes, fees, code issues you have to deal with, and thousands of other things, can make the percentages so small, there’s not much wiggle room. On the properties Will Banard flips, $1 million can be 2% of the property value, which any property flipper will tell you, is very slim. In this episode you’ll hear all about Will’s approach to flipping on that scale, how he moved into that realm, and why he thinks he should have stuck with less expensive properties as well as doing the more expensive ones.

There are many real estate investors who make hundreds of offers on properties every single month, but they actually get very few of them. What’s wrong? Will Banard would say they’re not making what he calls “smart offers.” They’re lowballing the property, trying to get it for the very least they can. That’s not a bad idea in itself, but if you’ve not done adequate research on the property and the numbers surrounding comparable sales, you’re taking a stab in the dark and don’t have much chance of your offer being seriously considered. Will’s going to share his insights into what makes a smart offer on a MLS property, and tell how he’s made that skill into a very successful, high dollar real estate investing business. You’re going to love it!

Will Banard does, and he’s doing it day after day with loads of success. He says it’s all in the numbers and in how you analyze what they mean. It requires understanding the local market, knowing how the market impacts your ability to renovate and resell a property, and sticking to the margins you know are best for your business model. If you can’t do that - you’ll be totally blind as you try to make successful offers. Find out the details of how Will goes about it on this episode of Invest Four More, with Mark Ferguson.

In this episode you’ll hear from two guys who regularly do very profitable fix and flips, and one of the most helpful questions answered is this: “What advice would you give to someone who’s never done fix and flips but wants to learn how?” The detail and comprehensive nature of what Mark and Will share is amazing. You’ll not only know the first steps to take, you’ll also know some amazing things NOT to do. You won’t want to miss the tips in that short se

There’s no magic formula, but Brandon Turner of “Bigger Pockets” would tell you the first and most important ingredient is to equip yourself with a variety of tools, and then take action. Brandon got into real estate investing at the ripe old age of 21, borrowing money from a family member to purchase a property somebody in his church wanted to sell. It was as duplex, so he bought it as an owner/occupant, moved into one side, and the rent from the other side paid the mortgage. That was all it took to convince Brandon that real estate investing was the business he wanted to pursue. In this conversation, Mark Ferguson of “Invest Four More” asks Brandon all kinds of questions about his journey into real estate investing, rental property purchasing, and some of the behind the scenes things that got him where he is today. You won’t want to miss this one.

That’s how Brandon Turner got the cash to buy his first rental property, but he’s not convinced that everyone should go that route. In large part the decision depends on the kind of relationship you have with the person. In Brandon’s case, his father loaned him the money, and his father had an entrepreneurial bent already, so he was not a risk averse investor. That made it much easier for Brandon and his father to work together to make the deal a reality. But even in a scenario like that, Brandon suggests you do everything by the book. Draw up contracts, make legally binding agreements, do everything in a way that is clear and based on realistic time frames so that both parties feel protected and considered in the transaction. And even if the deal goes sour and money is lost, Brandon insists that you do everything you can do pay back that money so you don’t sour the relationship along with the real estate deal. Find out more tips on finding investors for your real estate projects on this episode of Invest Four More.

You will definitely hear all kinds of answers to a question like this, but Brandon Turner says it’s really pretty simple. First, learn all you can. Equip yourself with a variety of tools so you can approach a variety of situations with some level of knowledge and expertise. Then second, you need to persistently take action. The worst thing is to puff yourself up with a lot of knowledge but to sit on it, unwilling to make anything happen. The knowledge is necessary, but the action is vital. Find out how Brandon put this philosophy to work in his own life and how he’s at the point that his lifetime business goal is to own 1,000 properties, all on this episode of IFM.

Even if you’re a seasoned real estate investor or property owner, 1,000 properties is an incredibly massive goal. Is Brandon crazy or does he have a reason to set such a high number? He’s not crazy, he’s just motivated, and he understands what Grant Cardone calls the 10X rule. Grant teaches that whatever your goal is, you should multiply it by a factor of 10. Why? Because most people fall short of the goals they set. It’s not that they’re lazy or don’t put in effort, it’s that something in the human psyche causes us to be limited by the goal itself. But when you set a goal that is much larger than you originally thought, you’ll tend to think in possibilities and options that are far beyond your original goal. That enables you to surpass it. When Brandon heard that, it was all it took. As you might have guessed, his previous goal was to own 100 properties, so he multiplied it by 10 - and that’s the 1,000 property goal. Find out how Brandon views goal setting and the one course about goal setting that changed his life, on this episode of Invest Four More.

In the business world there’s all kinds of negative talk about partnerships. But Brandon Turner believes partnerships are one of the best ways to multiply your efforts in real estate investing. He gives this example: Say Bob is very interested in real estate but doesn’t have the time to become educated about it or do the work of putting together the deals. But what Bob DOES have is the money to finance a deal. Brandon will come alongside Bob and propose a partnership where Bob puts up the money and Brandon structures and oversees the deal as it shakes out. In the end, each of them is 50% owner in a rental property. In the end, Brandon got into the deal for no money and is making a 50% return on Bob’s investment. And 50% of something is much better than 50% of nothing. Find out more about Brandon’s partnership strategies in this episode.

[1:00] Welcome and introduction of Brandon Turner of “Bigger Pockets.”

[1:54] Brandon Turner’s young beginning with real estate investing.

[3:05] Where Brandon started - his life before real estate investing.

[3:48] How Brandon financed his first rental property.

[4:37] What Brandon thinks about asking family and friends for investment funds.

[6:59] Risks and cautions about borrowing money from family and friends.

[7:45] The first duplex Brandon bought and how it helped him get started.

[8:49] Practical advantages to buying a multi-family rental property.

[11:25] What Brandon did as “next steps” after that first duplex.

[13:02] Brandon’s current portfolio of properties and the deals that headed him in that direction.

[17:16] The more you learn and the more persistent you are, the more successful you’re going to be.

[18:27] How Brandon found his current portfolio lender (he’s been using them for 6 years).

[20:24] Brandon’s current goal: to buy 1,000 rental properties (based on the 10X rule).

[22:38] How Brandon works out partnerships on investment properties.

[25:32] The entities Brandon uses to manage and own all his properties.

[27:36] Brandon’s time frame for getting to his 1,000 property goal.

[28:39] Brandon’s new book and the work he does with “Bigger Pockets.”

[30:27] What is it like to write a book from scratch? Brandon’s story.

[32:13] The importance of goals and one course that helped Brandon transform his life and work.

[33:45] The way “Bigger Pockets” came into Brandon’s life.

[36:53] The new podcast “Ask BP.”

[37:51] Brandon’s final thoughts and encouragement to take action.

www.BiggerPockets.com - The site where Brandon writes about real estate.

The 10X rule - book by Grant Cardone

Contact Mark for a $100 discount on all his programs - [email protected]

PLEASE LEAVE A RATING AND REVIEW FOR US OVER ON ITUNES

Partnerships - 50% of something is better than 50% of nothing http://wp.me/p3PPf6-51J

Fill up your toolbox, then take action http://wp.me/p3PPf6-51J

The more you learn & the more persistent you are, the more #successful you’ll be http://wp.me/p3PPf6-51J

Brandon Turner of #BiggerPockets, on this episode of Invest Four More http://wp.me/p3PPf6-51J

His goal: To own 1,000 #rental properties. Hear Brandon’s story on this episode http://wp.me/p3PPf6-51J

Welcome to the first ever “solo” edition of the Invest Four More podcast. Mark Ferguson, the host of Invest Four More is an active real estate broker and investor and his purpose in building the Invest Four More platform is to teach you what he’s doing and how he’s doing it. This episode is a full-scoop episode, giving you the details on what properties Mark has in his portfolio, what he’s doing with them, and how he’s actively working to buy even more. His goal is to increase his monthly cash flow, so you won’t want to miss the insights you’ll gain from this transparent look into Mark’s business deals.

That’s the exact situation Mark finds himself in at this stage in the game. His area has record low properties available, and prices are climbing. That makes for a difficult time first of all, finding properties that are priced well enough to turn into an investment property. Secondly, there’s simply not enough property available to purchase. If a property that seems like a possibility becomes available, it’s gobbled up by someone immediately. What do you do in that situation if you want to expand your real estate investments? You start looking at other options. In this episode Mark’s going to fill you in on a turnkey deal he just purchased that is across the country, and how he plans on managing and using that property as part of his cash flow formula.

First off, let’s be sure you get what a turnkey deal is. A turnkey property is one that is being sold as a rental and already has tenants in the property. Many times these properties will be a duplex, triplex, or an even larger multi-family home. As you can see, buying a turnkey property gives you immediate cash flow as long as the current tenants want to remain in the property. That makes for a quick win real estate investment. But many investors like Mark buy the property, then make some cosmetic or structural changes to the property, enabling them to increase the monthly rent for even more cash flow. Turnkey deals are more and more popular in markets where property values are going up, making typical fix and flip and investment properties less of an option. Find out how Mark’s handling turnkey opportunities in this episode of Invest Four More.

In the area of the country where Mark Ferguson does business the property inventory is at an all time low. What is available is typically priced at levels that make them unprofitable from a fix and flip standpoint. That’s why it was surprising when Mark came across a property that was priced about $30K under the market value and also had a good deal of recent improvements already done. Mark rushed out that day and looked at the property and made a cash offer on it right away. He used money he had on hand to purchase the property, without even doing an inspection, confident that if any issues did arise, he had enough financial margin to take care of them before selling the home. Find out more on the details of this deal on this episode.

If you’re in the fix and flip world you know the headache and hassle it can be to work with contractors. It seems that more and more people are getting into the contracting business without having the right skills, training, or integrity to create a business that is truly worthwhile. Mark’s come up with a novel solution that is working beautifully. A trustworthy contractor who worked for him in the past but had gone into another career field recently approached Mark, telling how he hated the new career and wanted to come back into construction work. He wanted Mark to let him work on a few jobs, but Mark had a better plan. He hired the guy to be his fix and flip administrator, responsible for hiring contractors, overseeing the work, and making sure jobs get done on time. It’s taken a load off Mark’s plate and provided a great opportunity for his friend at the same time. And to top it off, fix and flip projects are getting done on time and with quality work. Find out more about how Mark arranged this situation in this episode.

Mark’s welcome and introduction to this solo edition of the show.

Mark’s investment and rental properties.

The conditions in Mark’s area (Colorado), a difficult time with low inventory.

An update on Mark’s rental properties.

Fix and Flip properties that Mark has been working on.

An update on Mark’s real estate team.

Mark’s new programs and products - call Mark for a $100 discount on all his programs.   

Contact Mark for a $100 discount on all his programs - [email protected]

PLEASE LEAVE A RATING AND REVIEW FOR US OVER ON ITUNES

#RealEstateInvesting updates from a guy who is actively buying & selling

Get a $100 discount on Mark’s #RealEstateInvesting programs

How can you do #RealEstateInvesting in a difficult market?

Why #TurnKey properties are such a good idea

A #FixandFlip update from Mark Ferguson’s portfolio

Exactly HOW he saw it coming demonstrates his insight into the type of things that cause economic domino effect. At the time he was working with a bank and two people approached him about getting them a home loan. The two were Cabbies, and together wanted to purchase a 1.2 million dollar house to flip. PJ knew they shouldn’t be able to purchase a home of that value, but within 15 minutes they were approved for the loan. When he realized that people all over the U.S. were getting similar loans, he knew it would only be a matter of time before things collapsed. Listen in to see how PJ is able to pay attention to these kinds of situations on this episode of Invest Four More.

Though PJ Ghadimi accurately predicted the financial collapse of the 1990s, he’s not so quick to make the same prediction in our current economy, though many are saying it will crumble in short order. PJ says the issues are different now, and center mainly around the country’s debt load rather than consumer debt. The systems that are in place are designed to prop up the type things we’re dealing with now and PJ isn’t sure how to gauge whether it will be a long time or short time before things collapse. Listen to hear PJ explain his thinking on current economic conditions.

Exotic cars are a passion for PJ Ghadimi and there’s a very interesting story behind why that is. After buying his first exotic car he realized that because of the way rare exotic cars appreciate in value, he’s actually better off owning exotic cars than he is typical consumer-level cars. He makes the disclaimer that you have to be able to support the car once you buy it, in terms of maintenance, but believes that his exotic cars are actually a better investment than any other vehicle he could own. Hear more about PJ’s passion for exotic cars in this episode of Invest Four More.

As PJ Ghadimi became successful and began rubbing shoulders with other people who were very successful, he came to see that those people were the ones who should be sharing their expertise and knowledge with those coming along behind the, but were often hesitant to do so. Why? Partly out of fear of being judged for having made it big. PJ created his “Secret Entourage” website to highlight those successful people and other in a format and platform where they can honestly share the mindsets, struggles, and opportunities that have lead them to success. You can find out more about Secret Entourage at www.SecretEntourage.com .

The success of PJ’s “Secret Entourage” website has led him to use the profits from it to build into those who need a hand up. He uses the profits from the site to fund his speaking and mentoring engagements aimed toward young people who need the opportunity to learn from high level people, but would otherwise never get the chance. It’s a great way this ultra-successful entrepreneur and business owner is giving back. Hear more of PJ’s story on this episode of Invest Four More.

How PJ was able to see the economic downturn coming: a story involving 2 Cabbies and a 1.2 million dollar home.

PJ’s view of current economic conditions in light of those that caused the economic downturn of the 1980 - 1990s.

Exotic cars - PJs interest in them and the cars he owns now.

How PJs exotic car “habit” is more affordable than driving a Honda or Toyota.

The story behind PJ’s “Secret Entourage” website.

How Secret Entourage funds PJ’s mentoring of teens in need..

PJ’s feeling about those who are very successful being responsible to help those who need the help.  

PJ’s site - www.SecretEntourage.com

www.ExoticCarSecrets.com

PJ’s book - Third Circle Theory - http://www.amazon.com/Third-Circle-Theory-Purpose-Observation/dp/0985601337

PLEASE LEAVE A RATING AND REVIEW FOR US OVER ON ITUNES

Align your goals with your willingness to attain them and you’ll #succeed - PJ Ghadimi http://wp.me/p3PPf6-4Yh

How can an #ExoticCar be more economical than a standard car? http://wp.me/p3PPf6-4Yh

#SecretEntourage funds #BusinessMentoring for those in need. Find out more. http://wp.me/p3PPf6-4Yh

Learn from high level business people at #SecretEntourage http://wp.me/p3PPf6-4Yh

#ThirdCircleTheory - PJ Ghadimi’s best selling book http://wp.me/p3PPf6-4Yh

PJ Ghadimi is a serial entrepreneur. He’s made millions of dollars through a variety of businesses, over and over and over. But his life didn’t start out that way. He and his mother immigrated to the United States from Iran and for a very long time didn’t even have a work permit. But PJ was determined that whatever he did, he would be a success at it. When he could finally work, PJ stepped into the banking industry and worked his butt off to outperform and outpace his fellow employees and was promoted multiple times, once with a 100% pay increase! Hear more of his inspirational story on this episode of Invest For More with Mark Ferguson.

That’s what PJ believes. In his mind, all of it - work, family, hobbies, fun, responsibilities - all of it is required to fill and make up a life. So it’s not a matter of separating the various areas of your life so that you can balance each one individually. It’s a matter of learning how to integrate them in ways that all of them can work together. That is life. It’s the kind of life PJ tries to live every day. He’s done it working in corporate setting and now as a business creator and owner. You can hear more about how PJ accomplishes it on this episode.

But PJ Ghadimi believes that attitude shows that you’ve got wrong expectations of what the system is for. The system was never designed or intended to make you successful. The system only gives you a way to survive. It’s up to YOU whether you will succeed or not. That comes down to how willing you are to work and hustle to attain the kind of success you’re looking for. Too often people have their expectations out of whack, expecting that some day they’ll buy an Italian sports car but doing nothing but working at their 9 to 5 menial job. There’s nothing wrong with having a job like that, but don’t expect to buy the car on the salary it provides. You’ve got to have the right expectations of the situation, and be willing to change your expectation of the work you’ll have to put in and the options you’ll have to engage with if you’re going to keep that Italian sportscar dream. Find out what that looks like on this episode of Invest Four More.

Very few people start out life with a bank full of money and opportunities abounding. They have to pay their dues, which takes time. Don’t expect that you’ll move into any new area of learning or opportunity and be a success overnight. It never happens. The people who seem to burst on the scene out of nowhere have actually been silently working in the background for a very long time. They’ve been paying those dues that everyone has to pay in order to be a success in their field. This doesn’t matter if you’re a real estate investor, an entrepreneur, or a corporate employee. The learning curve is always there and you have to walk through it on your way to success. This episode of Invest Four More highlights the mindsets and expectations that can get you through the learning curve. Give it a listen.

It doesn’t fall into your lap or “just happen.” It happens because you are intentionally moving toward growth, developing your skills, sharpening your focus and goals, refining your ability and character until you’re at the point that you, as a person, can support the heavy weight of success. Anyone who tries to shortcut that process crashes before too long because they don’t have the personal strength to bear the load. As you look toward your goals, keep in mind that they will cost you many years of hard work and many late nights or early mornings. There is a price to pay for success, and only those who are willing to pay the price will ever achieve it. Learn how to set your expectations correctly so that you can aim toward success realistically but certainly, on this episode of Invest Four More.

Mark Ferguson’s introduction of PJ Ghadimi.

How PJ’s life in Iran and his move to France and then the United States.

How his move to the United States impacted his view of life and building a business.

The attitude that enabled PJ to move into success in spite of a desperate situation he seemed to be stuck in.

Why PJ believes that “work life balance” is a lie, and how he views things instead.

Rejecting the belief that the system can make you successful.

What would happen if you maximized the work you’re already doing?

What it means to “pay your dues” and how you can make the most of it.

Aligning your expectations with the amount of work you’re willing to put in.

How the learning curve always requires time.

Why business success is internal.

PJ’s real estate investment income during the non-regulated days of the U.S. market.

Taking the risk: How the willingness to do so made PJ a lot of money.

PJ’s site - www.SecretEntourage.com

PLEASE LEAVE A RATING AND REVIEW FOR US OVER ON ITUNES

The system is not the problem. UR expectation that the #system will make U #successful is the problem http://wp.me/p3PPf6-4WB

Make #goals and don’t let #society tell you that what you want is wrong http://wp.me/p3PPf6-4WB

You create the opportunity for your own #promotion in your job. http://wp.me/p3PPf6-4WB

The difference between you and the guy you wish you were is that took action when you only thought about it http://wp.me/p3PPf6-4WB

#TakingRisks is required if you’re going to move your business forward. http://wp.me/p3PPf6-4WB