By W. Rick Harris
The podcast currently has 12 episodes available.
Rick Harris is an investment real estate author, coach, and consultant who helps investment real estate investors to boost their real estate purchasing and renting ability.
Mentioned in this episode:
Book - 31 Days to Purchasing and Renting Your First Investment Rea Estate Property
This book's core is Rick's commitment to boosting your financial foundation, unlocking sustainable wealth, and creating a living legacy that will benefit you and your loved ones for generations to come.
Rick is a real estate investor, coach & author. He has been investing since 2008 and has not looked back since. Rick loves to Buy & Hold and shares tips to be successful with this strategy. Ricks book: 31 Days to Purchasing and Renting Your First Investment Real Estate Property has helped investors across the country grow their portfolios. He currently invests in Red Deer, Edmonton and Canmore, Alberta.
Mentioned in this episode:
Book - 31 Days to Purchasing and Renting Your First Investment Rea Estate Property
This book's core is Rick's commitment to boosting your financial foundation, unlocking sustainable wealth, and creating a living legacy that will benefit you and your loved ones for generations to come.
Building a real estate investing business entails a good foundation and a process that looks out for important details to keep it growing and running well.
How do you start and set up your real estate investing business for sustainability and success?
Mentioned in this episode:
Book - 31 Days to Purchasing and Renting Your First Investment Rea Estate Property
This book's core is Rick's commitment to boosting your financial foundation, unlocking sustainable wealth, and creating a living legacy that will benefit you and your loved ones for generations to come.
Recently I had the great pleasure of being interviewed as a guest on the podcast show, The Everyday Millionaire, hosted by Patrick Francey.
The Everyday Millionaire podcast is a place to learn precisely what it takes to create the wealth you need to support the dreams you desire for yourself, your family, your community.
Patrick Francey
An accomplished speaker, facilitator, and host, over the last two decades, Patrick has taught and presented to thousands of real estate investor entrepreneurs across Canada, both live and online. He is best known for providing his audiences with foundational lessons and context for understanding how to “treat your real estate investing like a business.”
Vast Business Experience
Splitting his time between Vancouver, British Columbia and Edmonton, Alberta, Patrick Francey is an entrepreneur, business owner, and real estate investor. For over three decades, the businesses he has built, developed, and guided are recognized not only for their successes but their resilience through the economic cycles. Since 1984, Pro-Skate, an Edmonton-based retail business, has continued to grow, serving both skaters and players at all levels, including professional and Olympic athletes.
Patrick began investing and growing his real estate portfolio in 2001; today, Patrick’s primary focus is as CEO and Managing Partner of the Real Estate Investment Network (REIN), Canada’s leading source for real estate investor education since 1992. Patrick, his partners, and team support REIN Members and investors by teaching proven investment strategies that assist investors in achieving their financial goals and dreams. To date, REIN Members have transacted almost 40, 000 properties worth over 5 billion dollars.
Your journey to becoming an Everyday Millionaire begins now.
The following podcast information is by the folks behind the production of The Everyday Millionaire podcast.
“What stopped us from buying [real estate] in the first place was pure lack of knowledge and education. Education is why I’ve been a REIN member for over ten years. I feed off the education, and that’s what I love about REIN. It’s incredible the amount of education that comes at us, and it’s being able to focus that information and get yourself going.” –
Rick Harris
Rick is a dynamic, entrepreneurial sales management strategist with over 20 years of demonstrated success and achievement in driving multimillion-dollar sales growth while providing award-winning sales leadership and coaching in highly competitive markets.
An active real estate investor since 2002, Rick has found a niche as an expert in vacation and recreational properties and rounds out his investment portfolio to include single-family homes, condo rentals, and income suite development. His experience and expertise set him apart and strengthens his role as a certified Real Estate Investment Advisor.
Rick is committed to improving his clients’ experience and works with them through their purchasing strategies and processes, finding investment real estate and post-purchase support. He has recently developed a podcast and has been actively blogging on the subject of real estate investment to share his knowledge and experience and give back to his community.
Along with his diverse interests in business and entrepreneurialism, Rick is active and committed to living a long, healthy life not only for himself but also for his family and the legacy he wants to leave for them.
Selected Links and People Mentioned from this episode:
Show Notes
Mentioned in this episode:
Book - 31 Days to Purchasing and Renting Your First Investment Rea Estate Property
This book's core is Rick's commitment to boosting your financial foundation, unlocking sustainable wealth, and creating a living legacy that will benefit you and your loved ones for generations to come.
The Handyma’am; Woman Contractor
Part of my goal in building my investment real estate advisor’s business is to launch an investment real estate podcast and blog. I am always in search of people in the investment real estate business who are inspirational, fascinating and can bring “The Investment Real Estate Know How and the How To” information to my listeners and readers.
A couple of months ago I had the pleasure of crossing paths with a Blast from the Past (we had worked together at the same company).
Shelley Collins is a woman contractor who founded a business and created a brand that captures the essence of Shelley’s passion. (http://www.thehandymaam.com)
I asked; Shelley why this love affair with real estate and being a contractor?
Shelley in her early adult life moved five times in eight years. Shelley calls this the Staged part of her life; because of her husband’s career, continually moving. Shelley learned to keep her eye on all details of her homes as she knew they might have to sell at a moment’s notice. Marketing her homes required Shelley to be aware of the interior and exterior details of her houses; one misstep could put her family’s finances at risk. She wanted to ensure each move they were able to see a positive cash gain from the sale of their homes.
Shelley’s life has not been without challenges; now a single mom with two young daughters. Shelley has had to pick up the pieces to her personal and career constructing a new life for herself and her family.
Shelley Collins has transformed her career and followed a path she is hoping more women will follow her into.
“The Handyma’am” is a home improvement business dedicated to two things – taking their clients’ visions and turning them into brilliant realities and forming their contracting team to consist of females exclusively. The Handyma’am is a registered trademark as of Feb 2016.
Asking; Shelley why women only? Her answer was obvious and broke into three parts:
In interviewing Shelley for Vault to Investment Real Estate Success podcast, you can hear her passion for contracting runs deep but to have women be a part of the contracting business runs deeper.
Shelley is on a mission to show women they can be part of an industry that is male-dominated. Shelley wants women to know that physical stature should never be a barrier to entering the contracting field or even lack of education in the contracting area.
Shelley has a couple of great mentors in her life; both in the construction business. Being a mentor is what Shelley wants to share now and in the future.
Technology and social media have also opened the door for a career in contracting; giving Shelley access to education, business, and marketing tools to build her skills and business.
Shelley talks about how Instagram has been a real asset to learning and marketing of her business. Recently Trade Women of Instagram reached out to Shelley. They have asked her to be the first Canadian Woman tradeswoman they would like to feature and follow around for the day. Shelley’s goal is to use this opportunity on Instagram to showcase the day in the life of a woman contractor building a house.
Shelley talks to recently selling her residence to strategically purchase a property that will help her get a much higher return on her capital and build her financial future. Shelley on December 7, 2017, moved into the new property she is going to develop.
The drawings of the design are very close to being completed which will give Shelley the ability to submit to the City to get permits.
Working with an architect and Shelley was able to design an approximately 1900 + square foot (excluding basement) 3+2, 3 1/2 bath) one room and full bathroom in the basement) home with detached garage.
Shelley has built “The Handyma’am” into a full service contracting business that specializes in both exterior and interior work. Their services include Landscaping, Landscape Maintenance, Deck refresh, exterior painting, hardware and fixture installation, backyard makeovers including pool and deck installations, Interior:renovations, kitchen, bathroom, bedroom, tile installations, plumbing, interior door installations, flooring installations hardwood and carpet, electrical fixture replacement, appliance installations, Painting, hardwood floor refinishing, Furniture Refurbishing, toilets, and faucets. Wow; what an extensive list.
The Handyma’am is fully insured and guarantees project result, or you do not pay.
Shelley knows that as she builds her contracting and intellectual intelligence and a network of like-minded and skilled women she can take on more of a leadership role to develop her business and mentorship role.
Shelley is building her business around quality work for a fair price and through her actions of caring and adding value to every facet of her business not only is she attracting women as clients but also men.
It is the actions of a few that help lead the way for many; Much Success to Shelley Collins, The Handyma’am. http://www.thehandymaam.com/
Mentioned in this episode:
Book - 31 Days to Purchasing and Renting Your First Investment Rea Estate Property
This book's core is Rick's commitment to boosting your financial foundation, unlocking sustainable wealth, and creating a living legacy that will benefit you and your loved ones for generations to come.
Tiffany has been a full-time investor since 2005 and speaks and trains Investors on stages across Canada and the US. Having bought over 100 properties for their investment, Corey and Tiffany know what Investors need, even if they don’t know themselves.
http://www.albertaonfire.com
Tiffany enjoys coaching others to get beyond the mental and financial hurdles that keep people out of investing. Helping others learn how to raise Joint Venture cash is one of her biggest passions.
Having set up and managed the in-house team that led their portfolio for the last 12 years, her knowledge of Property Management, as well as the rental market, is second to none. From assessing realistic market rents and tenant demographics to tips and tricks of property management that can only be learned by being in the trenches on a large scale, to the ins and outs of the Residential Tenancy Act of Alberta.
Tiffany is well versed in what it takes to be a good landlord while at the same time setting reasonable limits so that a good work/life balance are found.
She is a monthly contributor and expert for TV, Print and radio across the country for investing and market knowledge. Speaking to thousands of investors a year from stages across Canada, she is excited every time, to help change people’s results.
She helps spearhead the national team of Award Winning Investor On Fire Preferred REALTORS® that help investors find quality properties from Victoria to St John’s…helping keep the emotions out, the numbers foremost and the expectations realistic.
Her interests include running, yoga, snowboarding, dirt-biking, hiking, fishing, gardening and time with family and friends. Though, a good book makes for stiff competition to any of the above.
Tiffany; thanks again for joining us; on Vault to Investment Real Estate Success Podcast.
In my upcoming book; Vault to Investment Real Estate Success I focus on three critical areas of investment real estate; building a strong financial foundation, unlocking sustainable wealth and creating a living legacy.
What is it that makes you so passionate about this?
Regarding investment real estate you talk about a pattern; can you explain when you say you’ve seen a trend, can you describe that pattern? (answer to above question refers to model)
What do you think your family and friends think of you investing in investment real estate?
What’s the difference between cash flow and wealth?
Top Tip for helping an investor stay in long enough for legacy wealth?
How has your investment real estate helped you create a living legacy; right now, while you are still a part of this world?
Good Friend of mine talks about leaving evidence that you were in this world; what does this mean to you?
What will your legacy look like because of investment real estate?
What positive markers would you like to leave behind?
Contact Tiffany through her website: http://www.albertaonfire.com
Mentioned in this episode:
Book - 31 Days to Purchasing and Renting Your First Investment Rea Estate Property
This book's core is Rick's commitment to boosting your financial foundation, unlocking sustainable wealth, and creating a living legacy that will benefit you and your loved ones for generations to come.
The Background Story to the Show
Stay with me until the end of my story, and I will reveal why I coined the title “On the Move with Alex.”
Earning my REIA (Real Estate Investment Advisor) Certification in May 2016 was a remarkable moment in my investment real estate career. My REIA certification would set in motion a directional and focused foundation I had been trying to achieve in helping the average person add investment real estate to their financial foundation.
I know when I first started out in purchasing investment real estate I set a lousy, goosy goal of buying as many doors as I could on my own and with family members which not the smartest target in the world.
Before long I had with family members and joint venture partners investing with me, and together we had purchased 12 real estate investment doors.
I soon realized I was having more fun coaching my joint venture partners than I was buying doors. Plus, I began writing a book on investment real estate.
Most business books are around 240 to 270 pages or just over 80,000 words. I had written over 55,000 words on my journey and had no idea how to bring my book to market. Part of my REIA training gave me insight on how to create a book proposal.
Here I was, a would-be author, and I had no idea what a book proposal was and why the heck I would need one. I went from floundering with my business mantra, vision, mission and value statements to arrive at a highly focused plan to achieve my goals in investment real estate.
The book proposal is much more than an outline of a book concept. It is a business plan. It describes the why:
The proposal also details the knowledge I was going to share, and how; understanding the audience and markets, I was going after; and how I needed to network and use social media to develop my book and business.
I have been a REIN (Real Estate Investment Network) http://www.reincanada.com member for over ten years and at one of my first training weekend conferences I had heard a great presenter; Peter Kinch. Peter said two things that stuck with me for over a decade, and ultimately his words helped me create my business mantra and my book’s focus for the audience I want as part of my tribe.
These two observations were: first, roughly 4% of all Canadians will ever buy real estate as an investment. Second, nearly half of that 4% only buy two or three properties as a way of supplementing their pension plan. ( 8% of Americans and Australians have investment real estate)
Over the years I have loved my association, membership, and education through REIN and in the beginning, I was motivated by their awards: Bronze, Silver, Gold, and Platinum. I earned my Silver award level.
I had my “aha” moment when I realized that my joint venture partners loved the idea of owning investment real estate, but most were not REIN members and were not interested in awards for doors held. I knew then I had found my niche and to whom I was going to offer my service. I was going to serve first-time investment real estate investors or someone who just wanted a few doors in their financial portfolio and want a more balanced financial portfolio.
My wife and I had a balanced financial portfolio; a company pension, government pensions, and RRSP (401 K); all of these funds controlled by someone else, and we had little say in how our money was invested. We wanted one financial vehicle we could control, and this brought us to investment real estate.
I am focused on getting my audience to look at their lives and decided what order each door should be paid off first and the circumstances or stage of life they are in. If your children are young and your parents are healthy, then focus on either yourself or community and pay off one of these properties first.
My book, weekly blog posts, article writing, and podcasting are going to deliver methods to help first-time investment real estate investors or wanting to add a few more doors to their investment real estate portfolio. (www.vaulttoinvestmentrealestatesuccess.com)
I had to find a method of reaching more than one person at a time and have found a millennial student who wants me to coach him. I am going to take my audience on a journey of purchasing their first investment real estate property through Alex. This why I have named the series of Podcast Shows “On the Move with Alex.”
With Alex’s permission we are going to follow Alex’s investment real estate journey, from graduating in April 2018 to Alex finding his first job; from building his team of investment real estate professionals to making the purchase of his first investment real estate property and starting his investment journey the 4 Door Investment Real Estate Way.
Alex Da Costa is a 25-year-old Edmontonian; born and raised. Alex is currently working part-time as he pursues his finance degree and expects to graduate April 2018.
What impressed me about Alex he has managed to amass a substantial amount of savings and investments in a relatively short period. His drive to succeed has helped him to get a great start on building a strong financial foundation. Alex wants to put these funds to work.
Alex has always had an interest in investing and as of late has shown a strong attraction to investment real estate.
Alex views real estate as a low to medium investment risk and believes that investment real estate can be leveraged to accomplish many of his financial goals. Alex hopes to acquires enough investment real estate over the years to create sustainable wealth on a road to gaining fiancial freedom.
Ladies and Gentlemen, it gives me great pleasure to introduce Alex Da Costa to the show.
Welcome Alex
Show Conversation:
You had reached (us?) regarding coaching; can you tell why?
The Ready:
Determining Your Base – what do you own as a principal residence?
Currently, don’t own one.
Any investment properties?
None.
Do you think your background in Real Estate is helping or hurting you get started?
My lack of background is hurting the chance to get started, as being comfortable starting anything thrives on understanding the context of what is started.
Do you have a current net worth statement and net income statement?
I do now (attached).
What (are) the conversations you are having about real estate economies?
As of late, the increase in interest rates and the previous talk about the tenuous credit situations of Albertans has produced an interest in investment in property to get into the Alberta real estate market while it may be at a “bottom”.
The Set:
Type of property you might like to start your portfolio and why?
The ideal property would be a duplex/fourplex or bungalow that could be used for both personal habitation and a rental property that could generate cash flow (which would ideally cover expenses). The property would be ideally located close to a post-secondary institution, as I believe students would be great tenants as they would have parents who would provide stable cash flow and more secure lease agreements.
What do you think your choices and challenges are? And Why?
Choices & Challenges:
1) When should I invest? *finding a point where the property is “cheaper” is ideal for the budget and maximizing capital appreciation*
2) What property should I invest in? *finding the ideal property to suit my needs and budget with my current knowledge may prove challenging*
3) Who should provide the necessary services (lawyer, appraiser) to help conduct a transaction and maintain the property? *a challenge due to ignorance and finding the right people*
4) Finding and interviewing the right tenants for the property *inexperience would be the challenge to properly find them*
Deadlines, Milestones, and Check-Points
*indeterminant as financial requirements must be hashed out*
The Goal:
Obtaining an investment portfolio that could be a “considerable” form of income in 5 years time.
Having income that could support financial independence long-term
Are you ready to take this investment real estate journey, learning and action plan and follow Alex over the weeks, months and years ahead?
Are you ready to be On The Move with Alex?
You can reach out to Alex through his Linkedin http://linkedin.com/in/alexander-dacostaand Twitter (@FinanceDaCost) or E-mail([email protected] ) Accounts.
Mentioned in this episode:
Book - 31 Days to Purchasing and Renting Your First Investment Rea Estate Property
This book's core is Rick's commitment to boosting your financial foundation, unlocking sustainable wealth, and creating a living legacy that will benefit you and your loved ones for generations to come.
I meet Matthew through a mutual friend. I had been listening to a ton of podcasting shows but did not know a local podcaster.
I was so happy to meet Matthew, and through his guidance, I have launched my very own podcast show.I have had a couple of setbacks in launching my podcast show. Matthew has been a real supporter and has never judged my setbacks. He is a Podcasting Professional.
Another reason I invited Matthew on my show is not only because he is a big influence on me getting my podcast launched; a big part of his show revolves around small business and entrepreneurship.
Investment Real Estate is for most people a small business, and you certainly need entrepreneurial qualities.
Welcome Matthew to the show and would you like to fill in any area of information you feel is important about yourself to share with the audience.
Question:
http://beeinfluenced.com
Great Name – How did you come up with the name, what influenced your choice of the name and the purpose behind the name?
Can you share your story about the BEE and What it represents?
Why a Podcast to Drive your business?
Listened to all of your podcast shows; it has been great for myself, lots of variety of guests, Tell us about your journey from your first podcast show to your current podcast show?
AWE Moment – Is there one thing on this journey that stands out as an “AWE” moment and influenced where you are today from when you first began?
Mentioned earlier a real variety of guests and topics from people all over the world who are entrepreneurs and small business owners; how did you choose these guests?
How did you get them to come on your show?
Explain the Whys behind the topics you focus on?
Question:
Over 30 shows now; I can tell you are learning a ton form your guests, what have you learned and how has this changed your business model looking back on Day 1 and where you are at now?
Why the Change?
What is Your Real Challenge moving forward?
How do we get ahold of you?
Share or Offer our audience?
Mentioned in this episode:
Book - 31 Days to Purchasing and Renting Your First Investment Rea Estate Property
This book's core is Rick's commitment to boosting your financial foundation, unlocking sustainable wealth, and creating a living legacy that will benefit you and your loved ones for generations to come.
Knock, Knock, Who’s There?
Entrepreneurship. Entrepreneurship Who? The True Cornerstone to Small Business.
The Real Estate Story – When I first started investing in investment real estate I never thought for one moment that with each investment real estate property we purchased we were creating a small business. It was not until I started producing a monthly financial statement did I realize had all the elements of a small business. Each property had revenue; expenses and net income.
5 Years and Out
Most small businesses don’t last five years, and they disappear from the business landscape. The reasons are numerous, and over the days, months and years ahead I intend to review why some businesses survive and others just fade away.
These small businesses fade away because they have a revenue issue, an expense issue or a net income issue; owning investment real estate is no different.
When anyone talks about operating a small business they often introduce themselves as an entrepreneur first and a small business owner second.
According to Wikipedia; entrepreneurship is the process of designing, launching and running a new business, which is often initially a small business. The people who create these businesses are called entrepreneurs.
According to Wikipedia; small businesses are normally privately-owned corporations, partnerships, or sole proprietorships. https://en.wikipedia.org/wiki/Small_business
This year marks the 10th Anniversary of our company’s incorporation, and I am very proud of that fact.
Late last year, I started to retool and enhance our business model. It is often said to be successful in small business pick your lane or niche.
I am not moving away from our roots regarding investment real estate.
Today I have over 35 blog posts; I have been blogging twice a week, Tuesdays and Thursday since November 21, 2017. It is a landmark number for me and hopefully for my readership. The intention is to provide valuable content to help those interested in adding investment real estate to their financial portfolio.
At the beginning of starting our small business we were focused on one niche, investment real estate and ten years later we have stayed true to our roots. We have enjoyed some very prosperous years, but we have also had years with challenges.
The path to the front door of investment real estate is never straight.
In most countries, investment real estate is considered a business, and you are subject to tax rules regarding small business. Over the months and years ahead I will write about small business operations and talk to small business and entrepreneurial experts.
In the book, “Rich Dad, Poor Dad’ by Robert Kiyosaki; which is a must read; Robert talks about small business ventures you undertake.
I would also recommend some of the Rich Dad Advisors books. (only compensation I have received is the learning value from these books)
Just diving in and purchasing investment real estate is not a business plan.
Business Plan; the Last Thought; many business plans are divided into four parts; an idea, the planning, the strategy, and success.
When I looked to start retooling my investment real estate business, I knew I would have to spend more time developing a business plan.
What was the idea behind developing a business plan, from start to finish; first move into the planning stage, then create the strategies to reinforce the business plan and at the end of the plan what was going to identify success?
Remember Success is not always the outcome of a business plan; if most small businesses don’t make it past the 5-year mark.
How have we managed to stay in business 10 years? We picked a lane and have stayed there.
When we initially incorporated we said we were going to “Purchase Investment Real Estate; that was the only words in our entire business plan. It pretty simple business mantra.
Having an interest in education and coaching we decided to include both education and coaching as part of our articles in our incorporation.
Coaching, consulting and education in the field of investment real estate was not a big part of our focus in the beginning.
With ten years under our belt purchasing investment real estate, it took a change in employment to shake the foundation of my career and personal life.
Investment Real Estate was like my hobby farm; to support my hobby I joined a large investment real estate educational group and realized I had a real passion for investment real estate. When we joined we signed a membership commitment of stay 17 months. This June we will be presented with our 10-year award. Where did the heck that time go?
The first several years our business mindset was focused on the Bricks and Mortar side of the investment real estate business. Then there was a change in my career and I began to revamp my focus on investment real estate.
70% of our investment real estate was acquired through Joint Ventures and I had become the “Accidental Investment Real Estate Coach and Mentor.”
For 10 years I have been attending investment real estate educational meetings, conferences and seminars and purchasing an extensive library of investment real estate books.
I decided it was time to give back to a larger audience; not just my joint venture partners.
Acquiring a ton of investment real estate knowledge I shared my joint venture partners and casual friends who were constantly reaching out to pick my brain regarding investment real estate.
Late fall of 2016 I earned my designation as an REIA; Real Estate Investment Advisor. I love this designation as it is supported by ongoing learning.
How did I knew what started out as a hobby; would turn into a small business and allow my entrepreneurial skills to kick in and provide not only financial support for my life but help me realize that I was going to enter a new phase of my life.
If you are listening to this podcast on Entrepreneurship and Small business; you know I am focused on building my small business in the area of Investment Real Estate.
It is an area that is on your mind and you are interested in finding out is this an area of entrepreneurship and small business practice you want to enter. Do you have an area of small business interest or are you looking to shift your entrepreneurial direction?
Are you making the choice or did someone else make the choice for you?
Someone made the choice for me.
Is there a Shift in Direction coming in your life?
Who is involved in making this change happen; you or someone else?
Did I get lucky or did I make my own luck? If you are an employee someone else is always going to have control of your work life. Why not hedge your future while you have a great career and create an investment real estate portfolio. Follow me and my guests over the next weeks, months and years ahead and we will help you build an investment real estate portfolio that will help build a strong financial foundation, unlock sustainable wealth and create a living legacy.
First; don’t be in denial and think you are going to be secure in your career all of your life. There are always signs change in employer management or ownership are just to name a few.
By listening to this podcast show I know you are thinking about investment real estate.
If Investment real estate is on Your Mind; let me share my story and in some small way help you begin to make a shift in your story.
Where do I begin to share?
How to share my investment real estate story that started as hobby investing to a monumental change in my career life and the survival lessons. This monumental change turned out to be a new exciting beginning.
I heard a saying, “Everyone has at least one book in them to write”, and this simple act of putting pen to paper has changed my whole thought process.
This one act of putting pen to paper has led to my book currently being edited and submitted to a publisher, an opportunity to write on an ongoing basis to for one of Canada’s largest investment real estate magazines, REINLife, writing a blog post every Tuesday and Thursday and now I have launched a Podcast show, providing actionable content regarding investment real estate. With my podcast show I hope to alternate between myself presenting content and have a guest on that week giving a different perspective on the content I had discussed.
I thank each and every one who has supported reading my blogs; you have no idea how grateful I am for your support.
You will find from time to time I will talk about my family. My Mom and Dad were a very positive influence on me. My Dad retired from the armed forces and started a second career in real estate. His work in real estate not only influenced me but my daughter just started a second career in real estate.
“Money does not grow on trees.” my parents often said to my brother and I growing up.
I am sure this saying is not an original Mom and Dad proverb; many of your folks may have had this as a saying in their paternal life lesson toolbox.
My Dad was a proud member of the Armed Forces for 25 years, and when he retired from the forces, I didn’t think he would find a career that he loved as much as the forces.
His second career in Real Estate filled out the rest of his working life.
Not long into his new job my Dad invited me out for a coffee. My Dad opened the conversation around the saying; Money does not grow on trees. I said, “I know Dad, and I have a job and don’t need your money.”
This lead to a discussion about how trees turned into money through investment real estate. Dad went on to spin a story how most houses constructed from wood that comes from trees. I had a good laugh and asked him where he was going with this story?
Dad had a way of spinning words into a life lesson tale.
A duplex had come on the market and Dad, and Mom wanted to buy the entire property; both sides. They were going to live in one half and get my wife and me to become partners in the other half of the property. The goal was to find tenants for the other half of the property.
Investment real estate can be a rewarding part of your financial portfolio; and a way to start your journey on creating sustainable wealth.
Creating Wealth Lesson:
1. Start Your Investment Real Estate Career with your parents if possible
Our Celebration Routine:
Dad and I were sitting on his deck on the 1st-anniversary date of purchasing this investment real estate property and were talking about, ” Money Growing on Trees.”
As Samuel L. Jackson says; “What’s in Your Wallet.”
Before I say goodbye I would like to share; two actions; Please and Thank You
Please if you are enjoying my investment real estate content, recommend my podcast to others.
The second action is to post a comment at the bottom of any of my podcast episodes and let me know if I am giving you the content you are looking for regarding investment real estate.
I am currently a regular contributor/writer to REINLife one of Canada’s Top Investment Real Estate magazines. The editor of the magazine uses me as is go-to-guy and often gives me topics to research and write. He also has me often write in a column called,”Ask The Expert.”
I am happy to do research for you regarding investment real estate; just ask.
Much Success and look forward to talking to you on our next show.
Mentioned in this episode:
Book - 31 Days to Purchasing and Renting Your First Investment Rea Estate Property
This book's core is Rick's commitment to boosting your financial foundation, unlocking sustainable wealth, and creating a living legacy that will benefit you and your loved ones for generations to come.
“Don’t wait to buy Investment Real Estate; buy Investment Real Estate and wait.”
Thank you for joining us on our launch podcast episode. Welcome to Vault to Investment Real Estate Success – the home for those wanting to start investing in revenue real estate or purchase multiple investment properties, build a strong financial foundation, unlock sustainable wealth and create a living legacy.
If you dream of supplementing your income or build wealth from investment real estate then you’re are listening to the right podcast.
Vault to Investment Real Estate Success is all about inspiring, teaching and supporting real estate investors from around the world to create a strong financial foundation that not only serves your families and makes the world a better place to live – but builds income streams and a living legacy.
Maya Angelou once said, ” There is no greater agony than bearing an untold story inside of you.”
Part of this episode is dedicated to revealing our untold story. We began purchasing investment real estate in 2002.
Purchasing investment real estate has been and is a family affair. I have such a firm belief in the power of investment real estate and the positive impact it can have on your financial foundation, creating sustainable wealth and a living legacy.
I have been coaching my family members and joint venture partners since 2005 and in 2012 started a full-time investment real estate coaching business.
You may be wondering why a Podcast show?
I have found that working one on one with people though very satisfying does not give me the reach I desired to help others gain knowledge on why investment real estate can and will have a constructive impact on your lives.
Why I’m talking about investment real estate versus real estate investment? It’s because there’s a big difference. I want you to think of investment first and real estate as the vehicle second. Investment real estate is a way of saving, sharing, securing, investing and getting a return on capital; all these words project stability.
When you purchase investment real estate, you should have no problem sleeping at night and make money while you sleep. Investment real estate should help you capitalize, participate in, and advance your investment funds forever.
What do you need help with when it comes to investment real estate?
Most listeners to Vault to Investment Real Estate Success come with the dream of building income and wealth from investment real estate but also with one of standard needs or challenges.
As a result; we organized our podcast into four separate but connected themes regarding investment real estate. These themes are to help you find the content that best suits your needs.
1) The Investment Real Estate Way; the path to all things regarding investment real estate
In setting up the show’s podcast calendar, we have divided the show into a four-week rotation, and each week we are going to review a theme. We will also have a supporting blog that will connect to the topic of that week.
You might be asking Rick how do you define yourself as a Blogger and a Podcaster? If you look at my background, you will see I have a degree in Adult Education with a minor in business. I have several certificates as a trainer and a coach.
The most important part of my education does not come from University or College it comes from real life. I am an active investment real estate investor and belong to a vast community of real estate investors.
I define myself as a teaching and coaching blogger and Podcaster; the how-to- kind of blogger and Podcaster.
Most of my podcasts and blogs are focused on how-to-content. I am not a passive teacher or coach. I will challenge you to learn and take action.
I will start each podcast or blog with a question, a problem, a process, a task, or a goal that someone is trying to achieve.
We will end each podcast with a call to action. A call to action moment I call; Ready, Set, Goal.
I have heard many Podcasters say it took them up to several hundred podcasts to find their voice and feel comfortable.
Experience is a great teacher and coach. Every day I continue to get comfortable with my investment real estate experience, and from this growing experience, one of my goal’s is to produce a show you deserve as an active listener.
Through the upcoming podcast episodes, we will get you ready to purchase your first investment real property, or we will get you set to acquire another piece of investment real estate. Whether you are at the Ready or Set stage of your investment real estate life, we are here to support you.
Today’s call to action is in two parts; the first one is to click the subscribe button, to visit our website Vault to Investment Real Estate Success.com where you will find our blog and other supporting resources, please like us on Twitter @vaulttosuccess. We also have a Facebook Fan page at Facebook.com/Vault to Investment Real Estate Success where we want to build a strong investment real estate community of like-minded folks who have a strong desire to support and nurture each other.
Before we end this podcast, we love to have you head over to our Home Page and download a free investment real estate guide.
Scroll down to the “Here to Help” section and download a free copy of “The Investment Real Estate Way©Starter Kit to get you moving. The Investment Real Estate Way Starter Kit has three critical pieces that will help you get ready to purchase your first piece of investment real estate.
The Investment Real Estate Way Starter Kit has three critical pieces that will help you get ready to purchase your first piece of investment real estate.
Download these forms on to your computer; this keeps the information you fill in completely private.
There are three forms for you to fill in; your monthly income statement, your net worth worksheet, and The Investment Real Estate Way Starter Kit Checklist.
If you have already had your monthly income and net worth worksheets and they are current and at your fingertips; congratulations you are at the top of your financial foundation game and are ready to knock on the door to investment real estate success.
I would suggest you do not share this information until you have identified members of your investment real estate team. We will have a podcast in the next several weeks identifying what I call Team REAL©. REAL stands for “Real Estate Advisory League.
Throughout this entire process, I will be encouraging you to use professionals who are also investment real estate investors.
Until our next episode; it is my mantra to wish you
” Prosperity for all aspects of your life forever.”
Mentioned in this episode:
Book - 31 Days to Purchasing and Renting Your First Investment Rea Estate Property
This book's core is Rick's commitment to boosting your financial foundation, unlocking sustainable wealth, and creating a living legacy that will benefit you and your loved ones for generations to come.
The podcast currently has 12 episodes available.