Uncontested Investing

Ted Studdard is a retired US Marine Colonel with over 30 years of leadership experience in the military. Today, he uses his background and experience to help professionals become better leaders in their chosen fields.

Listen to this episode to learn more about Ted, his experience as a military leader, and how he is using his background to develop better business leaders today!

Key Talking Points of the Episode

00:00 Introduction

00:47 Who is Ted Studdard? 02:14 What does Ted do today?

03:20 What should people be focused on today?

04:57 Why is it important to build people up?

08:08 Why do leaders need to learn how to delegate?

13:56 How can we become better leaders?

16:19 How does someone know what skills they need to improve?

21:20 What is the right way to delegate to your team?

23:07 What makes a good leader?

25:42 What prevents people from growing?

29:11 What are some leadership traps people can fall into?

33:11 What is Ted's advice to young entrepreneurs?

36:14 What is the importance of understanding the real value networking?

38:59 How can veterans overcome the struggle with structure outside the military?

45:21 Why is it important to pay attention to the way you speak as a leader?

48:53 What is Ted's book about?

Quotables

"As entrepreneurs or any leader, we gravitate to doing things. We're doers, but if we can get all those other people, think about how that exponentially raises what we are capable of accomplishing."

"I think in our professional lives and personal lives, we need a network of people, not that's always going to tell us yes, not always to agree with us, but folks to tell us real, unfiltered feedback."

"A good leader is a good teacher, a good mentor – you have to be able to teach and help people grow."

"I think as human beings, we're sometimes reluctant to ask for feedback because we love the good feedback, but we don't like the feedback that's really important and sometimes, that negative feedback, we need to hear to grow from."

"As leaders, sometimes we get so caught up that we put our ego in front of the organization or the mission, just like I did."

Links

Website: RCN Capital

https://www.rcncapital.com/podcast

Website: REI INK

https://rei-ink.com/

Book: Depot to Depot

https://www.amazon.com/Depot-Transformational-Leadership-Military-Corporate/dp/1633939170

Website: The Studdard Company

https://thestuddardcompany.com/

LinkedIn: Ted Studdard

https://www.linkedin.com/in/tedstuddard

One of the biggest misunderstood strategies for investing is investing with a Self-Directed IRA. In the United States, taxes are one of the biggest things business owners and entrepreneurs try to avoid at all cost. So how can you be smart, and invest legally but avoid taxes?

On the episode we bring on John Bowens from Equity Trust Company to give us the breakdown of what Self-Directed IRA's are and how powerful they can be to an investor. We also go over Traditional IRA's, Roth IRA's, Solo 401k's and other types of investing accounts.

0:00 Introduction

0:27 Introducing John Bowens from Equity Trust Company

3:24 The Bottom Line Up Front - Investing in alternative assets

6:49 Why Tim invests in other people's deals

8:55 Investing passively in real estate

11:28 What can you use a Self-Directed IRA to invest in?

15:24 Investing with Self-Directed IRA to save on taxes

18:23 The different Self-Directed IRA types

25:25 What is a Traditional IRA?

26:45 What is a Roth IRA?

28:31 What is a Solo 401k?

31:06 What is an HSA?

35:07 Setting up investment accounts as an employer

38:09 How to connect with John and Equity Trust Company

Lacey Brutschy is one of the most influential real estate investors on social media today. She is a real estate development and residential sales expert based in the DFW area, and she is on the show today to help us better understand what's happening in today's market.

Listen now to learn more about Lacey, the DFW market, and what we should be expecting based on what's currently happening in the real estate world!

Key Talking Points of the Episode

00:00 Introduction

00:35 Who is Lacey Brutschy?

02:42 What does Lacey think people should be focusing on today?

04:51 Why is housing not a right?

05:51 Why is now the time to buy real estate?

08:03 What will cause affordability to continue going down?

13:09 How is the ability to expand driving population growth?

16:54 What are Lacey's thoughts on the interest rate hikes?

18:04 Why are we seeing a huge demand for new construction today?

21:27 How can investors prepare for what's about to come in the market?

23:08 Why do people move to the DFW area?

25:05 What makes Lacey's advice different for investors and homeowners?

29:32 What is Lacey's advice to new investors and entrepreneurs?

31:52 How long would it take to recover from the shock of COVID-19?

32:55 Where is the opportunity for investors in today's market?

33:16 What kind of work is needed to succeed in mid-term and short-term rentals?

36:45 Why is there success in house-hacking in today's market?

38:16 What should investors be doing to survive this market cycle?

39:35 What does Lacey have to say to people waiting to buy real estate?

40:40 How can you reach out to Lacey?

Quotables

"The goal that I think people should be thinking of is no longer whether or not the time is to get into the market because the time to get into the market is 3 days ago, it's today, it's tomorrow – because that's the only way you're gonna build generational wealth."

"You just really have to know what you're looking for, as far as places that we'll see equity growth, which is really based off of location and whether or not the development has they're own school system."

"Your goal is really to purchase a house that has as many bedrooms and bathrooms as you can afford, then you house-hack that with your friends."

"The opportunity is again, not in long-term rentals. It's in mid-term, it's in short-term, done correctly."

Links

Website: RCN Capital

https://www.rcncapital.com/podcast

Website: REI INK

https://rei-ink.com/

Instagram: Lacey Brutschy

https://www.instagram.com/lacey.compass/

Email: Lacey Brutschy

[email protected]

John Jackson is considered the nation's premier authority on real estate lease options, and is often referred to as the "King of Lease Options".

Other nationally recognized real estate educators refer their students to John to learn his lease option systems.

John started his lease option company, Leasing To Buy®, in 2003, and has since done over 600 lease option transactions, with his students having done hundreds of lease option transactions as well.

John is also the ONLY educator that teaches Texas Lease Options, and even real estate attorneys refer to John for education and training on the subject.

0:00 Introduction

0:49 About John Jackson

2:01 The BLUF - Creative real estate and what it is

4:21 What is a Lease Option Deal?

7:21 How John Jackson found the niche of lease options

9:55 What not to do in the lease option industry

14:21 Educating your buyers

16:20 Where people are finding success in the creative finance industry

20:47 What to do if you want to start in creative financing

24:15 The Money Minute

26:03 How to create a successful mindset

28:35 Where will rates be at the end of 2023

29:07 What markets are the most successful right now

30:01 What markets are not successful

30:23 Do interest rates affect the creative finance business?

33:01 Be true to yourself

33:45 How to contact John Jackson

Connect with John Jackson

https://leaseoptionclasses.com/

When immigrants get to the United States of America, they are made to believe that money grows in trees. Unfortunately, money doesn't grow on trees. People do whatever it takes to ensure they get the money.

On this episode, I have the pleasure of hosting Krzysztof Warchol. He is the owner of Estate Solution. When he first came to America in 1996, Krzysztof took odd jobs to make ends meet. He has worked as a salesman, janitor, limo driver, and real estate investor.

Krzysztof's story is enough evidence that we cannot achieve anything if we have the right mindset. In this episode, Krzysztof shares how he transitioned from one role to another until he got to where he is today.

Listen and get motivated.

Key Talking Points of the Episode:

00:45 Getting to know Krzysztof

07:52 How Krzysztof got into flipping

13:29 What does Krzysztof do?

15:49 Krzysztof's words of wisdom: things we should be doing and avoiding

18:40 Advantages that Krzysztof had over his competition as an immigrant

22:42 What does Krzysztof wish he knew when he was doing his first flip?

25:32 What inspired Krzysztof to invest as a limited partner(LP)?

29:49 The essence of having a mindset of abundance

32:50 The money minute

34:55 Krzysztof 's current investment

35:52 Where does Krzysztof see himself in the next five years?

36:21 What is Krzysztof's biggest challenge in his daily business?

36:54 The dumbest thing Krzysztof has done in business

37:07 Advice to investors with families involved

Quotes from the Episode:

"Never give up. When you set the goal. When you set the target, go for it."

"When you decide to do something, you need to be consistent."

"I'm trying to teach my children how to make their money go work for them."

"Never give up guys. It cannot be worse than it already is."

Connect with

LinkedIn: https://www.linkedin.com/in/krzysztof-warchol-b85007170/

Blake Carter is the co-founder of CRIBS Consulting, specializing in creative methods that allow real estate investors to cash flow in expensive markets. He made his way into real estate investing after high school and today, he is focused on creating cash flow through short-term rentals and helping other investors do the same.

Listen to this episode to learn more about Blake, what CRIBS is all about, and how his short-term rentals are doing in today's market!

Key Talking Points of the Episode

00:00 Introduction

00:31 Who is Blake Carter?

02:07 When did Blake decide to get into real estate?

04:19 How did Blake get into short-term rentals?

05:49 How did Blake and his partner come up with the idea for CRIBS?

06:41 What should investors be focusing on in 2023?

08:02 How have short-term rentals changed cash flow for real estate investors?

13:25 What has Blake learned about short-term and mid-term rentals over the years?

14:52 What are the operational hurdles that Blake had to overcome?

17:33 How does Blake address the cash flow concern for short-term rentals?

19:39 How can you find a good property manager for your short-term rentals?

21:18 How can virtual assistants help you self-manage your properties?

23:36 Where is CRIBS heading in the next few years?

26:27 What is Blake's advice for investors interested in short-term rentals?

27:48 Why is it important to focus on one thing at a time?

28:52 What is Blake's advice on designing short-term rentals?

30:37 How important are the relationships you have with your vendors?

32:22 What do people overcomplicate about short-term rentals?

33:10 What do people underestimate about short-term rentals?

34:20 How can you reach out to Blake and his team?

Quotables

"It's really understanding that there is an actual business aspect to it aside from the real estate."

"Understanding and learning about the business of hospitality and the business of short-term rentals before you jump right into it is really, really important."

"If someone's considering a management company, finding someone who is local but has a really good footprint on the area is important."

"You'll find your biggest return will be if you can focus all your time, energy, and money on one business and one goal, and then you can expand from there."

"It's important to hold them accountable and there are ways to hold them accountable, but you want to treat them well because they're the ones that are really running your business."

Links

Website: RCN Capital

https://www.rcncapital.com/podcast

Website: REI INK

https://rei-ink.com/

Website: CRIBS Consulting

https://www.cribsconsulting.com/

Email: Blake Carter

[email protected]

Travis Baucom is a real estate investor in Waco, TX, focused on self-storage syndications. He has been investing in real estate for years in single-family residential properties and recently made his way into commercial, specifically in self-storage properties.

Listen to this episode to learn more about Travis, his transition from single-family to multifamily, and what he has learned along the way!

Key Talking Points of the Episode

00:00 Introduction00:41 Who is Travis Baucom?01:57 What does Travis think investors should be focusing on today?02:46 What issues can investors run into when underwriting deals today?05:05 How was Travis' transition from single-family to multifamily?06:35 What is it like to get a funding for self-storage?08:04 How is Travis managing their pipeline for their self-storage investments?11:24 What opportunities can investors find in the self-storage industry?12:43 How did Travis break into the self-storage industry?16:33 What is it like to fund self-storage deals in today's market?18:05 What is the story behind Travis' first few multifamily properties?20:21 How did Travis transition from owning multiple single-family to self-storage?22:35 What should investors be doing to keep their businesses sustainable?24:07 How does Travis raise funds for his self-storage syndications?28:48 What is Travis' advice to young investors?30:52 Why do you need to take your ego out of the equation? 33:06 What does Travis do in his free time?35:48 What advice does Travis have for investors looking into self-storage?36:56 How can people get in touch with Travis?

Quotables

"When you look at deals, you need to be underwriting them a lot more conservatively than you have in the past."

"Attorneys, property managers, maintenance guys – all that can be contracted out so it's not on your payroll."

"The great thing is storage pays so well, cash flow wise. We don't have to buy a property this year to continue our lifestyle."

"There are 3,000 facilities in America – 70% of those are owned by mom-and-pop and the ones that aren't, 80% of those are owned by companies that are publicly traded on Wall Street."

"What you did is the same advice I give everyone. It's really first aid, it's triage. Stop the bleeding, protect the wound, treat for shock."

"Sometimes, you just have to understand that the good deal is just getting out of there."

Links

Website: RCN Capitalhttps://www.rcncapital.com/podcast

Website: REI INKhttps://rei-ink.com/

Website: Travis Baucomhttps://www.housetoempire.com

Mohammed Diab is a Doctor of Pharmacy who was born and raised in Saudi Arabia. He moved to the US for a better future and today, he has left his career in healthcare to flip houses and own rental properties.

Listen to this episode to learn more about Mohammed, his story, and how he built his real estate business shortly after migrating to the US from Sudan!

Key Talking Points of the Episode

00:41 Who is Mohammed Diab?03:25 What does Mohammed have to say to our listeners?05:10 What was it like for Mohammed to change his career path?07:13 What was Mohammed's first real estate deal like?08:19 How is real estate in the US different from Sudan?09:18 How did Mohammed get comfortable with the idea of leverage?10:56 Why is it important for Mohammed to have multiple exit strategies?12:45 How did Mohammed adapt to working with contractors?13:45 What does Mohammed like about flipping and holding properties?15:46 What were Mohammed's first few years in real estate investing like?16:40 What made Mohammed decide to get into real estate investing full time?17:20 What are Mohammed's goals for his real estate investing business?18:45 What went wrong in Mohammed's first flip?19:54 What part of business does Mohammed enjoy the most?23:10 What is Mohammed's advice to young and new investors?24:00 How important has a plan been to Mohammed's success?25:10 What is Mohammed's advice to wholesalers?26:16 How important have relationships been to Mohammed's success?27:08 Where is Mohammed investing today?28:40 Where does Mohammed see himself in 10 years?29:23 What is Mohammed passionate about outside real estate?31:11 How can people reach out to Mohammed?

Quotables

"Everybody has a purpose, you just have to find it, grow it, and then go from there."

"Here's the thing, even if you're hiring a qualified professional but you don't have enough knowledge to manage them and know if they're doing it right or wrong, you're still going to be screwed."

"The flexibility, the financial freedom I'm getting into – it's amazing, it has great potential."

"Time is the most precious thing you have in life and once you have control over that, you've got it all."

"Get a mentor to do it right and avoid mistakes. Mistakes in business can be very costly and it can take you down."

"I don't see it as a job, I see it as a passion, so I don't see myself calling it work. I'll just be following my passion, doing what I love, and I see myself there."

Links

Website: RCN Capitalhttps://www.rcncapital.com/podcast

Website: REI INKhttps://rei-ink.com/

Phone: Mohammed Diab(469) 583 5063

Instagram: Mohammed Diabhttps://www.instagram.com/dr.diiab

David Olds is the founder of Ez REI Closings, a real estate wholesale company based in Chattanooga, TN. He moved to Chattanooga in the middle of the crash in 2009 and built his business from the ground up, and he is on the show today to share his story.

Listen now to learn more about Ez REI Closings and the lessons David learned through the years as a real estate investor!

Key Talking Points of the Episode

00:00 Introduction00:45 Who is David Olds?02:31 What is the story behind Ez REI Closings? 05:22 What does David think people should be focused on in today's market?07:06 How can wholesaling help you keep your business going? 10:47 Why did David decide to move to Chattanooga in 2009?17:43 What are we currently experiencing in today's market?18:56 How are David's customer-base at Ez REI Closings adapting to the market?20:18 What is a novation and how can you do it today?21:36 How much volume are investors doing in today's market?24:00 What is the challenge for wholesalers in this kind of market cycle?28:41 What is David's advice to young investors starting in the business?31:21 Why is it important to build your portfolio through cash flow?32:50 What makes single-family real estate the best asset class?34:52 Why should people buy and hold their real estate?36:02 How many closings does Ez REI Closings do a month?36:31 What is the biggest challenge people face when trying to scale their business?39:12 How important is it to hire someone to fill in your weaknesses?43:20 What is David's advice for real estate entrepreneurs?45:50 How can you reach out to David?

Quotables

"No matter what the market is, always be looking for opportunities to grab long-term cash flowing assets."

"I think a lot of our customers are experiencing, what I heard at a conference the other day, a reversion. It's not really a correction, it's definitely not a crash, but it's reverting back to normal."

"Anybody that's been around just a little bit and has a fully scaled-out business, they're doubling down right now."

"As soon as rates flatten and stabilize, it's going to be a feeding frenzy. It's going to be unbelievable."

"I promise you, keep some of these properties. Get some financing, buy Sub-To, learn creative financing – whatever you have to do, but build that portfolio so you can get to the end faster."

"It's, in my opinion, the best investment vehicle in the world because it's inflation indexed, it's residual income, and it has an underlying asset."

Links

Website: RCN Capital

https://www.rcncapital.com/podcast

Website: REI INK

https://rei-ink.com/

Website: Ez REI Closings

https://www.ezreiclosings.com/

2022 was a great year and as we conclude the first season of Uncontested Investing, I want to look back on all the experiences and lessons, so we can take them into 2023 and use them to grow further.

Listen now to discover what I learned in 2022 and how these lessons and experiences have prepared me for this year!

Key Talking Points of the Episode

00:00 Introduction

02:09 How can you help us provide more value?

03:42 What should you be focused on if you wanna succeed in business?

05:08 Why is it important to always have a plan?

06:01 What has changed since I started in real estate?

07:00 How can you ensure demand in real estate?

11:09 What happened to me in 2022?

12:24 What is so important about surrounding yourself with like minded people?

13:38 What benefits can you get from joining masterminds?

15:45 How did RCN Capital get through 2022?

16:59 What is the importance of believing in delayed gratification?

18:09 How can you plan for your success effectively?

22:01 What is the true value of networking?

23:46 How can you overcome the challenges you will encounter?

25:45 What should you do this year to achieve success?

26:21 How were we able to execute the plan to start this podcast?

30:09 Why shouldn't you be buying using the same numbers from 6-12 months ago?

31:01 Why is it still a good time to buy real estate today?

32:25 When should you be looking for money for your deals?

Quotables

"What I found after 21 years in this industry is you don't know what you don't know. No one knows everything and everyone knows something."

"The point is you've gotta have a plan and you've got to plan your work and work your plan, and don't let your work, work you."

"You should not be hoping or wishing, you should be planning."

"The thing about food, water, and shelter is as long as you provide a quality home at an affordable price, I think you'll always have demand."

"When you network and meet other people, you actually get on the ladder where they're at. You can skip all the wrongs that they had to climb."

"You have to wait, you have to have a plan, you have to work towards that end goal."

"Having a plan and delaying gratification is the number one way to be successful."

"Don't keep doing the same thing, expecting the same result – that's the key!"

"Now is the time to formulate your plan. Now is the time to get your capital in a row, then go execute on your plan."

Links

Website: RCN Capital

https://www.rcncapital.com/podcast

Website: REI INK

https://rei-ink.com/

Instagram: Tim Herriage

https://www.instagram.com/timherriage