The Level Up REI Podcast w/Rick Howell

Sean Magner, based in Baltimore, introduces himself and his real estate journey. He started in 2015 by taking courses and hiring a mentor, which led to building an 18-unit rental property portfolio within 15 months. Currently, Sean runs the Monument City Group, which includes various real estate investing businesses, with his main focus now on hard money lending through Monument City Capital.

Rick and Scyler discussed Scyler's journey in real estate, his transition from a 9-to-5 job at Costco to a full-time real estate agent, and his transition to the luxury real estate market in Orlando, Florida. Scyler shared his personal experiences, including his challenges in obtaining a real estate license and his memorable experiences as a real estate agent. The conversation also covered Scyler's advice on making a career change, the importance of networking and building relationships in a new market, and the importance of perseverance in achieving one's goals.

Rick and Patrick discussed the importance of personal development, understanding human behavior, and managing emotions to achieve success in real estate investing and entrepreneurship. They emphasized the need to create an environment conducive to success, manage triggers, and focus on what one can control. They also highlighted the significance of authenticity, decisiveness, and finding personal meaning in achieving goals, and recommended Patrick's guidance for those seeking to improve their mental health and direction.

Travis and Rick discussed the concept of 'Wholetailing' properties, which Travis defined as properties that require minimal work and can secure bank financing. Travis emphasized that these properties should be able to sell for a lower price due to their dated appearance, but still attract buyers who can afford them. He also highlighted the importance of keeping repair costs low, suggesting that painting and flooring are the most significant tasks for these properties. Travis further explained that these properties should be sold within three weeks of purchase, and ideally within two weeks. Rick agreed with Travis's points.

Brandin teaches us how he transitioned from flipping houses and wholesaling real estate to focusing on mobile home parks. Brandon shared his journey, starting with flipping houses in 2008, transitioning to working with banks and hedge funds, and eventually moving into property management and rental properties. He expressed dissatisfaction with the transactional nature of his previous work and the limited scalability of his investments. Brandon then discovered mobile home parks, which he found more appealing due to their potential for larger deals and better scalability. He decided to focus on this new area, shutting down his previous business and selling all his properties in 2020.

In the meeting, Brent shared his journey into real estate investing, starting with rental properties and then transitioning to land deals. He explained how he began mailing landowners in 2016, focusing on those with back taxes due on their land. He highlighted the potential for profit in buying land at a low cost and reselling it for a higher price. Brent emphasized the importance of filling demand rather than creating it, and shared his process of identifying areas where land is selling, pricing land, and negotiating deals. He also discussed the importance of keeping revenue in the first position and not spending money on unnecessary activities. Rick, the host, encouraged Brent to share more about his process and how others can get started in land investing. 

Rick and Chris discussed their experiences in real estate investing, with Chris sharing his journey from reading Rich Dad, Poor Dad to starting a virtual wholesaling business. Chris and his wife, Heather, started wholesaling 12 years ago and have since done over 600 deals, generating over seven figures in a single year. Chris emphasized the importance of taking action after attending events like the Rich Dad event, which inspired him to start his real estate journey. He also explained the concept of wholesaling, which involves identifying undervalued properties, making an offer, and then assigning the contract to a buyer, making a profit from the difference in price. Chris also addressed the common concern about needing a real estate license to engage in wholesaling, stating that it is not necessary for this type of business.

Bob Lachance shared his journey from professional hockey to real estate investing, discussing his transition from rehabbing to short sale investing. He also discussed his role in building the Fortune Builders program, the growth of his virtual assistant company, and the potential of using virtual assistants for lead generation and content creation. The conversation also touched on the growth and evolution of their respective businesses, the importance of lead generation, and promoting their content to a wide audience.

Rick, Christy, and Josh discussed their journey into real estate investing and sales, with Josh sharing his experience of being laid off and transitioning into property management. They also discussed the importance of effective communication, decision-making, and maintaining a growth mindset in their business, as well as the evolution of their real estate business from small flips to large-scale developments. The conversation concluded with a discussion on their business and personal goals for the year, emphasizing the importance of surrounding oneself with like-minded individuals and generating leads through meetups.

Rick and @DavidOldsREI discussed David's transition from a real estate investor to a transaction coordination business owner. They touched upon David's real estate experiences, including his time as a foreclosed house buyer and investor, his involvement in a local real estate investors' group, and his move to Chattanooga, Tennessee. They also shared their experiences with selling a house in a saturated market and David's regret over a house purchase in Chattanooga. The conversation also highlighted their entrepreneurial journeys, the evolution of David's business, their positive experiences in Chattanooga, and their approach to client service and growth. David encouraged those reaching out to him for advice and guidance.