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In this episode, Scott Smith reveals his pivot from investing in single-family rentals using different strategies to self-storage facilities and the various reasons for doing it. If you're a residential real estate investor who wants to land big deals in the commercial industry, you've got to hear Scott's approach and mindset. Tune in!
KEY TAKEAWAYS
How to test the waters of a real estate niche effectively
A not-so-ideal investing strategy for cash flow-driven newbies
Breaking down Scott's first ever self storage deal
Why it's crucial to set a clear vision and update it regularly
Upfront advice for real estate investors and entrepreneurs
RESOURCES/LINKS MENTIONED
Armando Montelongo
Profits First by Mike Michalowicz | Kindle and Hardcover
Michael Wagner
Lifeonaire
MLS
LoopNet
Crexi
Rich Dad Poor Dad by Robert T. Kiyosaki | Kindle and Paperback
The 4-Hour Workweek by Timothy Ferris | Kindle and Hardcover
TWEETABLES
"If you want something, you just have to go out and get it." - Scott Smith
"Stop waiting for things to be perfect before you act." - Alex Pardo
ABOUT SCOTT SMITH
Scott is an investor and managing real estate broker at Real Time Investments, LLC. He is also a Lifeonaire Titanium Member. His company focuses on buying, rehabbing, and selling distressed residential homes in Central Texas, primarily in Waco and Austin.
CONNECT WITH SCOTT
Facebook: Scott Smith
ASCEND
Don't Wait To Enjoy Your Life, Tomorrow, Live It Today!
How To Grow Your Business, Expand Your Impact, and Experience Your Perfect Life:
๐ LISTEN & SUBSCRIBE TO THE FLIP EMPIRE SHOW (PODCAST) on Apple Podcasts โถ๏ธ https://www.flipempire.com/podcast
๐บ SUBSCRIBE TO ALEX PARDO'S YOUTUBE CHANNEL NOW โถ๏ธ https://www.youtube.com/alexpardo
๐ How To Grow Your Business, Expand Your Impact, and Experience Your Perfect Life Don't Wait To Enjoy Your Life Tomorrow, Live It Today โถ๏ธ https://www.AscendYourSuccess.com/
FOLLOW ALEX ON:
โ INSTAGRAM โ http://instagram.com/alexpardo25
โ FACEBOOK โ https://www.facebook.com/alexpardo15
โ LINKEDIN โ https://www.linkedin.com/in/alex-pardo
โ YOUTUBE โ https://www.youtube.com/alexpardo
โ TIKTOK โ https://www.tiktok.com/@alexpardo25
ASK ALEX A QUESTION:
Have a question you want to feature in an upcoming Flip Empire Show?
Head over to the Ask Alex page, and record your question. We've made it super easy for you, so let us know what challenges you are having, and Alex will answer them personally!
Does your current path need to be revised and directed to your desired goals? If so, dial in as Mike Venereo highlights his transition from one real estate niche to another and the mentality that helped him grow as a leader and entrepreneur. This episode will help you build A-tier teams and avoid things that can ruin your master plan for success!
KEY TAKEAWAYS
Ready, fire, aim: How this mindset affects personal and real estate business growth
Factors that can affect the trajectory of a real estate business
The importance of building a team clearly and carefully
A better way to do rehabs in luxury properties
Why you should plan out multiple exit strategies for all your deals
RESOURCES/LINKS MENTIONED
EP310: Mike Venereo Shares Lessons Learned on Leadership, Partnerships, Hiring, Team Building, Systems, & More
Tony Robbins
The Wolf of Wall Street
TWEETABLES
"Be very clear in the team that you want to build" - Mike Venereo
"Just because you haven't been able to accomplish something or do something, it doesnt mean its not possible" - Alex Pardo
ABOUT MIKE VENEREO
Mike has been in real estate for 6.5 years and has built a wholesale company with 15 people. He also did 15 to 20 deals a month and averaged six figures. Mike moved to luxury developments about 1.5 years ago and has built twelve homes, turning them into luxury short-term rentals.
CONNECT WITH MIKE
Instagram: @mikevexperience
ASCEND
Don't Wait To Enjoy Your Life, Tomorrow, Live It Today!
How To Grow Your Business, Expand Your Impact, and Experience Your Perfect Life:
๐ LISTEN & SUBSCRIBE TO THE FLIP EMPIRE SHOW (PODCAST) on Apple Podcasts โถ๏ธ https://www.flipempire.com/podcast
๐บ SUBSCRIBE TO ALEX PARDO'S YOUTUBE CHANNEL NOW โถ๏ธ https://www.youtube.com/alexpardo
๐ How To Grow Your Business, Expand Your Impact, and Experience Your Perfect Life Don't Wait To Enjoy Your Life Tomorrow, Live It Today โถ๏ธ https://www.AscendYourSuccess.com/
FOLLOW ALEX ON:
โ INSTAGRAM โ http://instagram.com/alexpardo25
โ FACEBOOK โ https://www.facebook.com/alexpardo15
โ LINKEDIN โ https://www.linkedin.com/in/alex-pardo
โ YOUTUBE โ https://www.youtube.com/alexpardo
โ TIKTOK โ https://www.tiktok.com/@alexpardo25
ASK ALEX A QUESTION:
Have a question you want to feature in an upcoming Flip Empire Show?
Head over to the Ask Alex page, and record your question. We've made it super easy for you, so let us know what challenges you are having, and Alex will answer them personally!
Buy back time and reach more goals by learning to assemble a capable and dependable team today with Bobby Suarez. Discover the significance of task delegation and how hiring quality team members can empower entrepreneurs to focus on what truly matters in this episode. Make income and impact successfully as a lifestyle investor!
KEY TAKEAWAYS
Benefits of joining a mastermind and communities
Forming a team: Challenges, perks, and compensation framework
How vital it is to create healthy relationships among team members
The importance of hiring quality people you can trust
Best tip for investors and entrepreneurs to achieve long-term success
RESOURCES/LINKS MENTIONED
EP132: Bobby Suarez on Build Relationships in the Industry
The Predictive Index
MLS.com
ABOUT BOBBY SUAREZ
Bobby Suarez founded Sell to Bobby, a platform that offers the easiest way to sell your house. Bobby Suarez has practiced as a licensed real estate broker in Florida for over eight years and has concentrated on residential investment sales. Bobby has significant experience in site selection, raising capital, construction planning, leasing, and property management. In 2012, Bobby successfully closed on over 150 residential properties highlighting his extensive experience in sourcing residential real estate for his clients in a very competitive market during a distressed market cycle.
During several years as a real estate investor, he became an expert on all types of homes - single- and multi-family projects. Since 2009, he dedicated himself to ensuring that his client's needs are met and exceeded. His attention to detail has earned him many awards.
CONNECT WITH BOBBY
Website: Sell To Bobby
Instagram: @bobbysuarez
ASCEND
Don't Wait To Enjoy Your Life, Tomorrow, Live It Today!
How To Grow Your Business, Expand Your Impact, and Experience Your Perfect Life:
๐ LISTEN & SUBSCRIBE TO THE FLIP EMPIRE SHOW (PODCAST) on Apple Podcasts โถ๏ธ https://www.flipempire.com/podcast
๐บ SUBSCRIBE TO ALEX PARDO'S YOUTUBE CHANNEL NOW โถ๏ธ https://www.youtube.com/alexpardo
๐ How To Grow Your Business, Expand Your Impact, and Experience Your Perfect Life Don't Wait To Enjoy Your Life Tomorrow, Live It Today โถ๏ธ https://www.AscendYourSuccess.com/
FOLLOW ALEX ON:
โ INSTAGRAM โ http://instagram.com/alexpardo25
โ FACEBOOK โ https://www.facebook.com/alexpardo15
โ LINKEDIN โ https://www.linkedin.com/in/alex-pardo
โ YOUTUBE โ https://www.youtube.com/alexpardo
โ TIKTOK โ https://www.tiktok.com/@alexpardo25
ASK ALEX A QUESTION:
Have a question you want to feature in an upcoming Flip Empire Show?
Head over to the Ask Alex page, and record your question. We've made it super easy for you, so let us know what challenges you are having, and Alex will answer them personally!
In this episode, we'll tackle the truth behind decision-making and what you can do to prevent being stuck and stagnant mentally. Your small decisions dictate the most meaningful things, so stay tuned to learn how to be an effective and efficient decision-maker today!
KEY TAKEAWAYS
Detrimental effects of letting your inner critic to control you
Ideal way of making decisions for your life or business
The true power of commitment and taking action
RESOURCE/LINK MENTIONED
Entrepreneurs on Fire
TWEETABLE
"Making quick decisions is one of the most important and valuable skills you can develop." - Alex Pardo
ASCEND
Don't Wait To Enjoy Your Life, Tomorrow, Live It Today!
How To Grow Your Business, Expand Your Impact, and Experience Your Perfect Life:
๐ LISTEN & SUBSCRIBE TO THE FLIP EMPIRE SHOW (PODCAST) on Apple Podcasts โถ๏ธ https://www.flipempire.com/podcast
๐บ SUBSCRIBE TO ALEX PARDO'S YOUTUBE CHANNEL NOW โถ๏ธ https://www.youtube.com/alexpardo
๐ How To Grow Your Business, Expand Your Impact, and Experience Your Perfect Life Don't Wait To Enjoy Your Life Tomorrow, Live It Today โถ๏ธ https://www.AscendYourSuccess.com/
FOLLOW ALEX ON:
โ INSTAGRAM โ http://instagram.com/alexpardo25
โ FACEBOOK โ https://www.facebook.com/alexpardo15
โ LINKEDIN โ https://www.linkedin.com/in/alex-pardo
โ YOUTUBE โ https://www.youtube.com/alexpardo
โ TIKTOK โ https://www.tiktok.com/@alexpardo25
ASK ALEX A QUESTION:
Have a question you want to feature in an upcoming Flip Empire Show?
Head over to the Ask Alex page, and record your question. We've made it super easy for you, so let us know what challenges you are having, and Alex will answer them personally!
It's vital to keep up with the competition by working on tasks efficiently and communicating seamlessly with clients. Luckily, there is a cost-effective solution for you to streamline business operations. Join us with Matt Larson as he shares insights on finding, hiring, training, and managing virtual assistants (VAs) so you can reach success in real estate.
KEY TAKEAWAYS
RESOURCES/LINKS MENTIONED
If you're an entrepreneur who wants to do the real estate business on autopilot, go to https://flipempire.com/rapidva to start offloading your tasks and have a Rapid Assistant to help you!
ABOUT MATT LARSON
Matt Larson, a full-time real estate investor with 17 years of experience, has become an internationally renowned authority on investment real estate. With over 4000 completed transactions, including 1000 fix and flips, dozens of lease options, and thousands of wholesale deals, Matt's expertise spans both residential and commercial properties.
Matt is recognized for teaching effective and up-to-date tools, ensuring success in real estate ventures. His achievements have earned him international speaking engagements, Forbes and Entrepreneur Magazines recognition, and opportunities to share stages with reality TV stars, bestselling authors, and multi-millionaires. Matt's expertise extends to training industry icons like Tony Robbins and Dean Graziosi on Single Family Home Investing. A dedicated team supports Matt's real estate business, including over a dozen virtual assistants and a project management team completing over a dozen monthly rehabs.
CONNECT WITH MATT
ASCEND
Don't Wait To Enjoy Your Life, Tomorrow, Live It Today!
How To Grow Your Business, Expand Your Impact, and Experience Your Perfect Life:
๐ LISTEN & SUBSCRIBE TO THE FLIP EMPIRE SHOW (PODCAST) on Apple Podcasts โถ๏ธ https://www.flipempire.com/podcast
๐บ SUBSCRIBE TO ALEX PARDO'S YOUTUBE CHANNEL NOW โถ๏ธ https://www.youtube.com/alexpardo
๐ How To Grow Your Business, Expand Your Impact, and Experience Your Perfect Life Don't Wait To Enjoy Your Life Tomorrow, Live It Today โถ๏ธ https://www.AscendYourSuccess.com/
FOLLOW ALEX ON:
โ INSTAGRAM โ http://instagram.com/alexpardo25
โ FACEBOOK โ https://www.facebook.com/alexpardo15
โ LINKEDIN โ https://www.linkedin.com/in/alex-pardo
โ YOUTUBE โ https://www.youtube.com/alexpardo
โ TIKTOK โ https://www.tiktok.com/@alexpardo25
ASK ALEX A QUESTION:
Have a question you want to feature in an upcoming Flip Empire Show?
Head over to the Ask Alex page, and record your question. We've made it super easy for you, so let us know what challenges you are having, and Alex will answer them personally!
This episode is the first of a 2-part series where we get honest about personal growth and healing. We'll also tackle self-judgment and how our upbringing, traumas, and relationship with others can affect how we view our challenges. Stay tuned as we dive deep into these transformative conversations.
KEY TAKEAWAYS
True meaning of rich and wealthy relationships
A counterintuitive outlook to personal growth and transformation
Why we should prioritize, focus and embrace a healthy balance in life
What you need to look into in your life deeply
RESOURCE/LINK MENTIONED
Focus by Pedram Shojai, O.M.D. | Kindle and Hardcover
TWEETABLE
"If you avoid pain and dealing with suffering, that very thing can grow into a big snowball. But if you open yourself up to it, it's the very thing that can set you free."
ASCEND
Don't Wait To Enjoy Your Life, Tomorrow, Live It Today!
How To Grow Your Business, Expand Your Impact, and Experience Your Perfect Life:
๐ LISTEN & SUBSCRIBE TO THE FLIP EMPIRE SHOW (PODCAST) on Apple Podcasts โถ๏ธ https://www.flipempire.com/podcast
๐บ SUBSCRIBE TO ALEX PARDO'S YOUTUBE CHANNEL NOW โถ๏ธ https://www.youtube.com/alexpardo
๐ How To Grow Your Business, Expand Your Impact, and Experience Your Perfect Life Don't Wait To Enjoy Your Life Tomorrow, Live It Today โถ๏ธ https://www.AscendYourSuccess.com/
FOLLOW ALEX ON:
โ INSTAGRAM โ http://instagram.com/alexpardo25
โ FACEBOOK โ https://www.facebook.com/alexpardo15
โ LINKEDIN โ https://www.linkedin.com/in/alex-pardo
โ YOUTUBE โ https://www.youtube.com/alexpardo
โ TIKTOK โ https://www.tiktok.com/@alexpardo25
ASK ALEX A QUESTION:
Have a question you want to feature in an upcoming Flip Empire Show?
Head over to the Ask Alex page, and record your question. We've made it super easy for you, so let us know what challenges you are having, and Alex will answer them personally!
Discover a framework consisting of three questions that can help you gain much value from any activity you engage in, whether attending conferences, joining masterminds, or reading books. Tune in to achieve your objectives and make the most out of events without wasting your precious time.
KEY TAKEAWAYS
Things to consider before you participate in any event
The importance of preparing and asking quality questions
Why you should be the best version of yourself anytime and anywhere
How vital it is to select the right people to have conversations with
RESOURCES/LINKS MENTIONED
EP686: How To Raise The Most Valuable Capital (It's Not What You Think It Is)
EP687: How To Raise The Most Valuable Capital (It's Not What You Think It Is) - Part 2
TWEETABLE
"The better question you ask, the better answer you'll likely receive."
ASCEND
Don't Wait To Enjoy Your Life, Tomorrow, Live It Today!
How To Grow Your Business, Expand Your Impact, and Experience Your Perfect Life:
๐ LISTEN & SUBSCRIBE TO THE FLIP EMPIRE SHOW (PODCAST) on Apple Podcasts โถ๏ธ https://www.flipempire.com/podcast
๐บ SUBSCRIBE TO ALEX PARDO'S YOUTUBE CHANNEL NOW โถ๏ธ https://www.youtube.com/alexpardo
๐ How To Grow Your Business, Expand Your Impact, and Experience Your Perfect Life Don't Wait To Enjoy Your Life Tomorrow, Live It Today โถ๏ธ https://www.AscendYourSuccess.com/
FOLLOW ALEX ON:
โ INSTAGRAM โ http://instagram.com/alexpardo25
โ FACEBOOK โ https://www.facebook.com/alexpardo15
โ LINKEDIN โ https://www.linkedin.com/in/alex-pardo
โ YOUTUBE โ https://www.youtube.com/alexpardo
โ TIKTOK โ https://www.tiktok.com/@alexpardo25
ASK ALEX A QUESTION:
Have a question you want to feature in an upcoming Flip Empire Show?
Head over to the Ask Alex page, and record your question. We've made it super easy for you, so let us know what challenges you are having, and Alex will answer them personally!
Achieving success requires both preparation and confidence. So in this episode, we'll discuss an exercise that can be applied to your business. Tune in to learn how to evaluate your mistakes, extract valuable lessons from them, and use these insights to improve your prospects for the future.
KEY TAKEAWAYS
How does preparation lead to confidence?
Monday morning quarterback: What it means and how to apply it to your business
Helpful advice to regain your confidence and achieve success
The entrepreneur's winning formula for success
RESOURCES/LINKS MENTIONED
EP691: Do You Really Need an Accountability Partner?: https://podcasts.apple.com/us/podcast/ep691-do-you-really-need-an-accountability-partner/id1120765959?i=1000611305338
If you want to learn more about ERC funding, you can visit https://www.checkerc.com/
TWEETABLE
"Preparation leads to confidence." - Alex Pardo
ASCEND
Don't Wait To Enjoy Your Life, Tomorrow, Live It Today!
How To Grow Your Business, Expand Your Impact, and Experience Your Perfect Life:
๐ LISTEN & SUBSCRIBE TO THE FLIP EMPIRE SHOW (PODCAST) on Apple Podcasts โถ๏ธ https://www.flipempire.com/podcast
๐บ SUBSCRIBE TO ALEX PARDO'S YOUTUBE CHANNEL NOW โถ๏ธ https://www.youtube.com/alexpardo
๐ How To Grow Your Business, Expand Your Impact, and Experience Your Perfect Life Don't Wait To Enjoy Your Life Tomorrow, Live It Today โถ๏ธ https://www.AscendYourSuccess.com/
FOLLOW ALEX ON:
โ INSTAGRAM โ http://instagram.com/alexpardo25
โ FACEBOOK โ https://www.facebook.com/alexpardo15
โ LINKEDIN โ https://www.linkedin.com/in/alex-pardo
โ YOUTUBE โ https://www.youtube.com/alexpardo
โ TIKTOK โ https://www.tiktok.com/@alexpardo25
ASK ALEX A QUESTION:
Have a question you want to feature in an upcoming Flip Empire Show?
Head over to the Ask Alex page, and record your question. We've made it super easy for you, so let us know what challenges you are having, and Alex will answer them personally!
Having an accountability partner can be beneficial for an individual to stay on track in achieving their goals, but is it always necessary to have one? Listen to this episode as we assess your needs and motivations before deciding if an accountability partner is right for you!
KEY TAKEAWAYS
Significance of using critical thinking in forming your thoughts
Why you need to understand how accountability partners work
How to seek accountability correctly
RESOURCES/LINKS MENTIONED
Tom Krol
Tom Krol Drops Value Bombs on Wholesaling, Marketing, Wealth Building, & His Key Takeaways from his Meeting with Robert Kiyosaki
TWEETABLE
"Accountability starts from within." -Alex Pardo
ASCEND
Don't Wait To Enjoy Your Life, Tomorrow, Live It Today!
How To Grow Your Business, Expand Your Impact, and Experience Your Perfect Life:
๐ LISTEN & SUBSCRIBE TO THE FLIP EMPIRE SHOW (PODCAST) on Apple Podcasts โถ๏ธ https://www.flipempire.com/podcast
๐บ SUBSCRIBE TO ALEX PARDO'S YOUTUBE CHANNEL NOW โถ๏ธ https://www.youtube.com/alexpardo
๐ How To Grow Your Business, Expand Your Impact, and Experience Your Perfect Life Don't Wait To Enjoy Your Life Tomorrow, Live It Today โถ๏ธ https://www.AscendYourSuccess.com/
FOLLOW ALEX ON:
โ INSTAGRAM โ http://instagram.com/alexpardo25
โ FACEBOOK โ https://www.facebook.com/alexpardo15
โ LINKEDIN โ https://www.linkedin.com/in/alex-pardo
โ YOUTUBE โ https://www.youtube.com/alexpardo
โ TIKTOK โ https://www.tiktok.com/@alexpardo25
ASK ALEX A QUESTION:
Have a question you want to feature in an upcoming Flip Empire Show?
Head over to the Ask Alex page, and record your question. We've made it super easy for you, so let us know what challenges you are having, and Alex will answer them personally!
Today, we'll showcase my recent interview on Brandon Barnes' show as I share my pivot from wholesaling to self-storage, the power of relationships, plus vital tips that newbies should know about. If you want a better view of this investment strategy, I'll also dive into deal technicalities, so tune into this episode to learn more!
KEY TAKEAWAYS
Benefits and opportunities that self-storage investing offers
Simple strategies for finding great storage deals and underwriting them
Helpful advice in closing a deal with seller financing
Key metrics to look out for that will show the potential of a facility
Wholesaling tactics that you can apply as a self-storage investor
RESOURCES/LINKS MENTIONED
Extra Space Storage
CubeSmart
Data Axle USA
The Go-Giver, Expanded Edition by Bob Burg and John David Mann | Kindle, Hardcover, and Paperback
TWEETABLES
"Make sure that you're dealing with the right type of person that you actually want to put on your list for future opportunities." - Brandon Barnes
ABOUT BRANDON BARNES
Brandon Barnes is the Founder of Mighty Estates, LLC, and the Owner-Operator of the REI Live! Atlanta meetup group. After his exit from a successful career in corporate America and entering the wholesaling industry, he quickly scaled his real estate investing company by firing himself & focusing on Team Building & Networking. His Team now facilitates the acquisition and sale of 50+ single-family residential homes annually and is continuing to grow. Brandon holds a degree in management from the Krannert School of Management with a concentration in operations, a Minor in German, and an Entrepreneurship Certificate from Purdue University. He was born near Chicago and raised in Stone Mountain. Brandon enjoys spending time with his wife and 4 kids in his free time. He also enjoys sharing his expertise and coaching students to take action and make money in real estate!
CONNECT WITH BRANDON
LinkedIn: Brandon Barnes
Podcast: Send More Offers Real Estate Show (missed link)
ASCEND
Don't Wait To Enjoy Your Life, Tomorrow, Live It Today!
How To Grow Your Business, Expand Your Impact, and Experience Your Perfect Life:
๐ LISTEN & SUBSCRIBE TO THE FLIP EMPIRE SHOW (PODCAST) on Apple Podcasts โถ๏ธ https://www.flipempire.com/podcast
๐บ SUBSCRIBE TO ALEX PARDO'S YOUTUBE CHANNEL NOW โถ๏ธ https://www.youtube.com/alexpardo
๐ How To Grow Your Business, Expand Your Impact, and Experience Your Perfect Life Don't Wait To Enjoy Your Life Tomorrow, Live It Today โถ๏ธ https://www.AscendYourSuccess.com/
FOLLOW ALEX ON:
โ INSTAGRAM โ http://instagram.com/alexpardo25
โ FACEBOOK โ https://www.facebook.com/alexpardo15
โ LINKEDIN โ https://www.linkedin.com/in/alex-pardo
โ YOUTUBE โ https://www.youtube.com/alexpardo
โ TIKTOK โ https://www.tiktok.com/@alexpardo25
ASK ALEX A QUESTION:
Have a question you want to feature in an upcoming Flip Empire Show?
Head over to the Ask Alex page, and record your question. We've made it super easy for you, so let us know what challenges you are having, and Alex will answer them personally!
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