Property Rush

Property Rush

By BJ GremillionEducationSelf-Improvement
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Property Rush episodes

  • Success is Sequential, Not Simultaneous

    Summary:

    In today's podcast, I reflect on lessons learned from Gary Keller's book “The One Thing”

    Our business has a morning huddle every morning and we ask each person “What’s the ONE Thing you can do such that by doing it everything else will be easier or unnecessary?
    “It’s about doing the right thing, not about doing everything right.”
    “Achievers operate differently. They have an eye for the essential.”
    These are just a few of the quotes that have made a profound impact on our business as we strive to fulfill the absolutely essential tasks that we can be doing now to have the greatest impact on our future.

    Takeaways:

    • Embrace failure and focus on the reaction to failure.
    • Surround yourself with the right people to increase productivity and success.
    • Build a personal brand to create opportunities and connections.
    • Identify the one thing that will make everything else easier.
    • Live a life true to yourself and choose faith over fear.
      • 36 min
    • Life's Gritty Canvas: Finding Beauty in Friction

      Summary:

      Mark Mabry, a photographer and artist, shares his journey from starting out in photography to creating the renowned series Reflections of Christ. He discusses his transition from commercial photography to pursuing his passion for art and the challenges he faced along the way. Mark also opens up about his experiences with failure in various business ventures and the importance of seeking friction in his creative process. He concludes by sharing his struggles with ADD and his decision to stop taking medication. In this conversation, Mark Mabry discusses his experience with Adderall and ADHD, the challenges of going off Adderall, and his journey to finding natural alternatives for focus and energy. He shares the benefits of walking and how it has helped him with his ADHD symptoms. Mark also talks about the importance of being authentic and not worrying about pushback from others. He emphasizes the choice to follow Jesus and the need to be flexible in faith while remaining committed to the pursuit of faith. The conversation concludes with a discussion about the acceptance of beliefs in Tennessee.

      Takeaways:

      • Follow your passion and pursue your true calling, even if it means leaving behind a successful career.
        • Failure can be a stepping stone to success, providing valuable lessons and clarity about one's purpose.
          • Friction and pressure can fuel creativity and push individuals to reach their full potential.
            • Making life-altering decisions requires recognizing internal questions and seeking answers, even if they seem unconventional.
              • Living with ADD can present challenges, but it is possible to find strategies and support to manage and thrive. Adderall can have a significant impact on focus and productivity, but it may also have negative effects on personal relationships and overall well-being.
                • Going off Adderall can be challenging, but finding natural alternatives and developing healthy habits can help manage ADHD symptoms.
                  • Walking can be a beneficial activity for individuals with ADHD, as it provides physical exercise and a meditative experience.
                    • Being authentic and true to oneself is important, even in the face of pushback or criticism from others.
                      • Having faith and being open to different beliefs and perspectives can lead to personal growth and a deeper understanding of spirituality.
                        • 59 min
                      • The power of consistency with 3x Olympic gold medalist swimmer: Rowdy Gaines

                        Rowdy Gaines, an Olympic gold medalist swimmer, shares his journey and experiences in the world of competitive swimming. He discusses his early life, introduction to swimming, and the challenges he faced in his career. Rowdy also talks about the mental toll of being an Olympic athlete and the impact winning gold had on his life. Throughout the conversation, he emphasizes the importance of balance and teamwork in achieving success. Overall, Rowdy's story highlights the dedication, perseverance, and passion required to excel in the sport of swimming. In this conversation, Rowdy Gaines discusses his experience as an Olympic swimmer and the challenges he faced. He emphasizes the importance of finding balance in life and avoiding burnout. Rowdy also shares how he managed stress and developed routines to stay focused. He talks about the mindset of being relaxed and confident during competitions. Additionally, he discusses the feelings of jealousy when others broke his world records and the value he places on Olympic gold medals. The conversation concludes with a mention of the upcoming Olympics in Paris.


                        Takeaways:

                        • Balance is important in life, even for Olympic athletes. Finding a balance between swimming and other aspects of life can lead to a more fulfilling and well-rounded experience.
                        • The mental toll of being an Olympic athlete can be significant. It is important to have a support system and rely on teammates and coaches for guidance and motivation.
                        • Success in swimming requires dedication, perseverance, and consistency. The journey to the Olympics is a long and challenging one, but the rewards can be life-changing.
                        • Reflecting on one's experiences and learning from both successes and failures is crucial for personal growth and development.
                          • 44 min
                        • The tenant explosion: A property managers unforgettable moment.

                          Warning: this episode involves sensitive content and discusses mortality in some gruesome detail.

                          If you are sensitive to this type of content, this may not be the episode for you to listen to.
                          Brian Levredge, owner of First Property Management, shares his journey from single-family to multifamily investing. He discusses the advantages of multifamily properties, including economies of scale and stability. Brian also shares some crazy experiences in property management, including dealing with deaths in rental units. He emphasizes the importance of local knowledge and the challenges of managing single-family homes. The conversation also touches on the role of AI in real estate and the unpredictability of interest rates. In this conversation, Brian Levredge shares insights on mortgage rates, evaluating deals, and lessons learned in real estate investing. He emphasizes the importance of focusing on the math and the asset rather than solely relying on interest rates. Brian also discusses the benefits of syndication and the value of holding properties. He advises against buying too much and spreading oneself too thin, highlighting the need for discipline and smart risk-taking. Additionally, he emphasizes the power of the compound effect and the long-term benefits of staying emotionally stable and well-capitalized in real estate.
                          Takeaways
                          - Multifamily properties offer economies of scale and stability compared to single-family homes.
                          - Local knowledge gives property managers an advantage over institutional investors.
                          - Dealing with deaths in rental units can be challenging and requires sensitivity.
                          - Interest rates and monetary policy have a significant impact on the real estate market. Focus on the math and the asset when evaluating deals, rather than solely relying on interest rates.
                          - Consider syndication as a way to scale and leverage partnerships in real estate investing.
                          - Avoid buying too much and spreading oneself too thin, and be disciplined in investment decisions.
                          - Harness the power of the compound effect by holding properties and allowing them to appreciate over time.
                          - Stay emotionally stable and well-capitalized to navigate the ups and downs of real estate investing.
                          Chapters
                          00:00 Introduction and Background
                          03:03 Transition to Multifamily Investing
                          08:11 Discussion on AI and Real Estate
                          13:28 Property Management Stories
                          17:34 Crazy Experiences in Property Management
                          23:36 Handling Death in Rental Units
                          29:20 Advantages of Multifamily Maintenance
                          33:36 Predictions on Interest Rates
                          36:05 The Role of Monetary Policy
                          37:14 Mortgage Rates and Construction Loans
                          39:05 Interest Rates and Evaluating Deals
                          40:14 Lessons Learned and Syndication
                          41:56 Buying Too Much and Spreading Thin
                          43:46 Being Disciplined and Holding Properties
                          45:00 The Power of Compound Effect
                          46:28 Taking Advantage of Interest Rate Environment
                          47:28 Staying Emotionally Stable and Well-capitalized

                          50 min
                        • DOLLARS 💵 and SENSE: Braiden Shaw’s guide to financial freedom!

                          Ringing in the New Year with one of the smartest guys I have ever interviewed. 


                          Braden Shaw, the owner of Fulcrum Home Loans, shares his journey of building a successful social media presence and provides tips for creating engaging content. He emphasizes the importance of consistency and learning from mistakes. Braden also discusses the process of building a team and delegating tasks to scale his business. He shares insights on social media strategies and the importance of engaging with followers. Additionally, he explains the concept of land trusts and predicts potential interest rates and home price appreciation in the future. In this conversation, Braiden Shaw discusses different types of refinances, including those to lower interest rates and those to consolidate debt. He explains how refinancing can help individuals save money by combining their consumer debt with their mortgage payments. Shaw predicts that mortgage originations will continue to increase in the coming years due to the high demand for refinancing. He also highlights the impact of COVID-19 on mortgage companies, with many going out of business or being acquired. Shaw shares his investment strategies, including investing in index funds, cryptocurrency, and real estate syndication. He also discusses the potential role of artificial intelligence in the mortgage industry and emphasizes the importance of having a social media presence for business growth.


                          Takeaways

                          • There are two types of refinances: those to lower interest rates and those to consolidate debt.
                          • Combining consumer debt into a mortgage payment can help individuals save money on monthly payments.
                          • Mortgage originations are expected to increase in the coming years due to high demand for refinancing.
                          • Investment strategies can include index funds, cryptocurrency, and real estate syndication.
                          • Artificial intelligence has the potential to disrupt the mortgage industry and improve efficiency.
                          • Having a social media presence is important for business growth and attracting attention.
                            • 53 min
                          • I'M BACK!

                            Christmas came early when the fed announced they were DONE with fed hikes and can start talking about cuts!

                            Compared to last year at this time, it is night and day difference. The market withstood the blows from the fed and is poised to have a big year in 2024. So what does this mean for everyone considering purchasing a home? 7% interest rates are your best friends right now...Marry the home and date the rate...This applies more than ever. 

                            We could be at the doorstep of another incredibly competitive and tight seller's market with bidding wars and price increases. Only time will tell but it appears mortgage rates are heading one direction and it's the direction we all like to see! 

                            Announcement: I am changing the podcast name BACK to the original Rush to Fail podcast! I know I know...Probably not the best look but I am going back and sticking with the original name of the podcast. Looking forward to 2024 and the upcoming guests lined up for the show! 

                            Please comment and let me know what you think about my 2024 predictions!

                            46 min
                          • Time IN the Market vs TIMING the market

                            Today I had the pleasure of interviewing Scott Bowen from Roswell, GA https://www.linkedin.com/in/scott-bowen-re/


                            Scott is that millionaire next door that you would never know due to his quiet and humble demeanor and servant mindset. But make no mistake about it, Scott has spent close to 2 full decades investing in real estate mainly in the Southeast markets of Alabama & Georgia and he has learned a thing or two over the years of consistently buying every single year that has enabled him to enjoy the fruits of dollar cost averaging & compound interest.

                            Scott shared his love for the people of Uganda and he has been serving them ever since visiting years ago. Funny enough, he is now the second person from this area who has ties to Uganda. I think I need to travel there with him next time to see what the fuss is about!


                            If you would like to be coached by someone who will help you get into real estate and buy your first deal, I highly recommend reaching out to him. He is an amazing guy, and I was fortunate to spend some time getting to know more about Scott and his story. Enjoy the show.

                            46 min
                          • MY 2024 REAL ESTATE MARKET PREDICTIONS

                            I am making my predictions for the housing market in 2024. No turning back now! Am I right? Time will tell. I have spent hundreds of hours this year listening, reading, investing, watching, and most importantly actively investing every week to come to these conclusions that I share on the podcast. To summarize: I think everyone has been asking the WRONG question. Instead of asking WHEN will the housing crash occur, we should be asking, how do we adapt with home prices and affordability issues remaining where they are for the foreseeable future? These home prices are here to stay in 2024. We all know that the rates will go up and down but most doomsdayers were hoping that 8% rates would take down pricing. It hasn't. But why? This is what I cover... Excited to hear what you all think!

                            33 min
                          • Vinyl Sales to Joe Homebuyer Co-Founder: A Top Fast-Growing Real Estate Franchise - Cody Hofhine

                            Cody Hofhine is one of the good guys. You realize that the moment you see his smile and happy demeanor...The crazy thing about Cody though...He is that way ALL of the time! Cody's energy is contagious and he pushes you to be better.


                            He shares his struggle of having to decide between paying the mortgage and putting food on his kid's plate while struggling as an entrepreneur...to eventually taking steps along the way to become one of the most successful real estate investors in the Nation.


                            Cody shares the 4 pillars of his business and his belief as to WHY they have been able to scale to 89 franchise locations in just 2 short years. You will be better after listening to this podcast. I guarantee it.


                            If you would like to learn more about Joe Homebuyer and if you are a fit, here is the link:https://offer.joehomebuyerfranchising.com/?utm_term=real%20estate%20franchise&&utm_medium=ppc&utm_source=googleads&utm_campaign=franchise&gclid=EAIaIQobChMI5ezozebLggMV9M3CBB3faQqmEAAYASAAEgJ2OfD_BwE

                            54 min
                          • Weathering the storm of the mortgage rate hikes: Travis Van Noy

                            Travis is one of the few remaining loan originators in Utah still closing deals each month. To say the last 18 months in the mortgage industry have been a challenge would be an understatement.

                            Today we talk about the qualities he has learned to appreciate and cultivate, starting with loyalty and the importance that relationships have in remaining in the industry. If the name Van Noy rings a bell, yes his brother is that very same guy who has a couple of Super Bowl rings.

                            We got to chat about what it’s like to have a front-row seat to the things that go on behind the scenes for NFL players and their families. Travis recently started a clothing brand called “LIKENE$$” which is centered around the new NIL agreement in high school and college athletics.

                            https://www.likenessbrand.com

                            If you need a home loan in Utah, here is his contact info: http://www.travishomeloan.com


                            Enjoy the show!

                            50 min

                          About Property Rush

                          From the publisher's feed

                          Welcome to the Property Rush podcast!