Property Profits Real Estate Podcast

Do you have a daily routine, something that you consistently do, that helps keep you on track, get started on the right foot, and get a win every single day?
If you don’t have one, then this episode is exactly what you need right now. Join us as Martin Perdomo discusses the importance of your daily routine as he reminds us that small wins compound to a big one with time.
Martin Perdomo is the host of the Stroudsburg Real Estate Investors Club where coaches and trains hundreds of people around the country. He is also the host of Latinos in Real Estate Investing Podcast where he and his guests teach strategies to help people get started in real estate investing. In 2021, he and his company, Skilled Property Finders, won the “The 20 Mile March Award” given by the American Institute of Investment Housing.
He started investing in real estate at the age of 20 years old when he purchased his first property.
In this episode, Martin shares how his morning ritual goes as he explains how it’s changed his life since the day, he started doing it. He also mentions the apps he uses to help you start your mornings in an intentional way.
Checkout: Raising Capital Without Rejection Full-Day Workshop (Online): https://investorattractionworkshop.com/
What you'll learn in just 21 minutes from today's episode:
How much your life could change just by having a consistent and intentional morning ritual as you start your day
Why it’s better that your routines include meditation
Discover apps/resources that can help you start that intentional ritual every day
Resources/Links:
Get to know more about Martin. Check out the Latinos in Real Estate Investing Podcast, Epic Real Estate Investors on Facebook, and follow him on Instagram and Facebook.
“The ONE Thing” by Keller Gary: https://the1thing.com/book/
Tony Robbins: https://www.tonyrobbins.com/
Headspace: https://www.headspace.com/
“The Compound Effect” by Darren Hardy: https://store.darrenhardy.com/collections/merchandise/products/the-compound-effect
Alux: https://www.alux.com/app/; https://www.youtube.com/c/Aluxcom
Elevate: https://elevateapp.com/
Topics Covered:
01:25 – Martin shares the backstory on how his morning routine started
04:53 – Talking about Martin’s 5-minute meditation
07:14 – Start the day on learning something new, meditate, then do journaling
10:35 – Ending the routine with activities that improve cognitive and physical ability
13:58 – Martin’s ‘always’ – meditation
15:05 – How his morning ritual transformed his life and business
Key Takeaways:
“What I found as I was studying successful people is that successful people, for the most part, have a ritual in the morning.” – Martin Perdomo
“I’m working on my cognitive ability because as a business owner, as a real estate investor, as a podcaster, and everything else I do, I need to be mentally sharp. I need to be able to lead my people. I need to be able to look up and identify those numbers quickly. I need to be able to look at a deal and see if it’s a good deal. I have to constantly be working on myself to constantly be getting better.” – Martin Perdomo
“I want little wins because those little wins, over time, compound to a big win.” – Martin Perdomo
Connect with Martin Perdomo:
Facebook: https://www.facebook.com/theelitestrategist
Instagram: https://www.instagram.com/elitestrategist/
Connect with Dave Dubeau:
Podcast: http://www.propertyprofitspodcast.com/
Website: https://davedubeau.com/home
Investor Attraction Workshop: http://www.investorattractionworkshop.com/
Facebook: https://www.facebook.com/thedavedubeau
LinkedIn: http://linkedin.com/in/davedubeau
 

Have you been wondering what’s the difference between a multifamily commercial vs an industrial commercial? Do you want to learn how to foresee if your investment has high value in the long run before closing the deal?
There’s a difference when running a multi-family to industrial commercial– from fishing out for a deal to closing one. So how should you be choosing deals in the competitive real estate market?
Cody Lewis is a founding partner for Vendue Capital, LLC. He is involved in property acquisition, investor relations, and asset management for the company.
Prior to Vendue Capital, Cody worked for leading technology companies such as Apple, Verizon Wireless, and CompuComand Jamf in the management of Business-to-Business Sales and Engineering as well as Business Accounts Executive. After educating himself in real estate investments and exploring many avenues of investments, he became a partner of Vendue Capital to acquire multi-family properties. Cody produces the podcast, Real Estate UnSuccess Stories, where other investors share stories of unforeseen problems in investing, resolutions, and the lessons learned.
Cody graduated from Coastal Carolina University with a Bachelor of Science in Applied Mathematics. He resides in Charlestown, SC with his wife and twin sons. In his free time, he enjoys time with his family and his season tickets to Clemson University football games.
In this episode, Cody shares the difference of having a multifamily and industrial commercial and how to foresee the value of your investments through IRR.
What you’ll learn in just 17 minutes from today’s episode:
Find out why you can't just keep on accepting real estate deals without analyzing them in the long run
Understand what is IRR and how it can help determine if the real estate is worth investing
Know what kind of value you should be looking for when investing in real estate
Topics Covered:
01:10 - Cody’s background in real estate investing and journey into scaling into the multifamily space.
03:20 - Why haven’t Cody and his partner been closing deals recently?
06:43 - Cody explains how their competitors are making money with the deals that Cody’s turning down.
07:43 - What does IRR mean?
11:16 - Is Cody starting to look at any other kind of asset classes?
13:22 - Cody’s website: Venduecapital.com
Key Takeaways:
“If you underwrote any deal back, you know, in 2020, 2021, even this year, a lot of things are still on future value. And there's a ton of risk that you have to take to bring maybe a cap rate that you're seeing.” - Cody Lewis
“As those cap rates were just continuing to get compressed, it just didn't make sense. We were looking at well, there's just there's not a lot of value to be added here.” - Cody Lewis
“We like to look at things from a long-term standpoint-- five-to-seven-year hold, or even longer, depending on what the market dictates. We underwrite for cash flow, that's our primary focus. We want to make sure regardless of what the value is of the property, if we need to, we can hold it for longer.” - Cody Lewis
“The equity is heavily weighted in favor of the passive investors. Well, as that IRR starts to creep up, the equity split starts to balance out or become more in favor of the partnership group, the general partnership group, and it does behoove them to perform at this level.” - Cody Lewis
“It was less about these groups performing the property really well and driving the NOI up and adding value to the property, it was more so that the market and the interest rates were really just taking that to the next level.” - Cody Lewis
Connect with Cody Lewis:
Website: https://www.venduecapital.com/
Email: Cody@venduecapital.com
Connect with Dave Dubeau:
Podcast: http://www.propertyprofitspodcast.com/
Website: https://davedubeau.com/home
Investor Attraction Workshop: http://www.investorattractionworkshop.com/
Facebook: https://www.facebook.com/thedavedubeau
LinkedIn: http://linkedin.com/in/davedubeau
 

Want to find out how can you turn your LinkedIn posts into potential clients and increase your engagement, and raise your capital at the same time?
LinkedIn carries a ton of potential for you to grow your capital and influence more people into real estate investing. It doesn’t only serve as your online “resume” but is a great way into building your audience, increasing online and business engagement, and raising your capital!
Suman Chakraborty is a senior consultant with a top Canadian management consulting firm. He is a real estate investor and is an inner circle member of several prestigious real estate communities. He has been using LinkedIn since 2016 and he coaches real estate investors and professionals on how to leverage LinkedIn for building personal brand, network, generate leads, and raise capital.
In this episode, Suman shares how you can use LinkedIn as a platform for real estate investing and turn your online engagement into promising prospective clients.
Checkout -- Raising Capital Without Rejection Full-Day Workshop (Online): https://investorattractionworkshop.com/
What you’ll learn in just 17 minutes from today’s episode:
Discover how to raise capital and increase your online engagement through LinkedIn
Understand the importance of why you should make content buckets
Learn how to convert your LinkedIn posts into actual connections and future partners
Resources/Links:
Discover how to turn your LinkedIn into a platform for real estate investing and turn posts into capital: https://www.linkedin.com/in/sumanchakraborty1985/
Topics Covered:
01:39 - Suman shares how he got involved in real estate investing
02:35 - How he dialled in into LinkedIn
04:22 - What are the right way and the wrong way to use social media
06:19 - Suman’s perspective on active soliciting investors on Facebook and LinkedIn
07:15 - How to convert posts into actual conversations, and then into potential joint venture partners or investors
09:01 - Suman shares an example of how his clients have optimized their LinkedIn profiles
15:36 - How often should you post online
17:21 - How do videos maximize your engagement
Key Takeaways:
“You should always let your audience know beforehand. Set the ground rules and expectations.” - Suman Chakraborty
“Give value, and whatever claims you are making should be eligible, authorized to do that, and add value to people-- that is the most important thing in the right way.” - Suman Chakraborty
“I keep updating people. So, it engages curiosity, and they see, you know, this person is with the right people. So, engage with the right people. Because what has worked in my favor is many people who were more advanced than me, I was always focused on adding value to them. And that has in turn brushed upon my rapport.” - Suman Chakraborty
“So always add value to people. And that's how they had gained that trust.” - Suman Chakraborty
“Always give value, and be in the right people. You don't have to push marketing, do pull marketing, where people are going to you.” - Suman Chakraborty
Connect with Suman Chakraborty:
LinkedIn: https://www.linkedin.com/in/sumanchakraborty1985/
Instagram: https://www.instagram.com/sumanchakraborty812/
Facebook: https://www.facebook.com/sumanchakraborty1985
Connect with Dave Dubeau:
Podcast: http://www.propertyprofitspodcast.com/
Website: https://davedubeau.com/home
Investor Attraction Workshop: http://www.investorattractionworkshop.com/
Facebook: https://www.facebook.com/thedavedubeau
LinkedIn: http://linkedin.com/in/davedubeau
 

Why call everybody, telling them what you’re doing and asking if they want to invest with you, when you can magnify your strength in connecting and attract these people to work with you?
There are people like today’s guest, John, who aren’t really shaped to raise capital. Maybe you’re like him at some point, someone who is a natural at being shy.
But worry no more, because today, he’ll educate us on his three (3) C’s of attracting capital. Tune in and have investors go after you instead of you chasing them!
John Casmon is a real estate entrepreneur who has partnered with busy professionals to invest in over $100 million worth of apartments.
John also consults active multifamily investors to help them start or grow their business. He hosts the Multifamily Insights podcast (formerly Target Market Insights) and is the co-creator of the Midwest Real Estate Networking Summit.
Prior to becoming a full-time investor, John worked in corporate America, overseeing marketing campaigns for General Motors, Nike, and Coors Light.
In this episode, John discusses what his three (3) C’s are when it comes to attracting capital as he explains each C’s importance in successfully attracting capital and investors for deals.
Checkout: Raising Capital Without Rejection Full-Day Workshop (Online): https://investorattractionworkshop.com/
What you'll learn in just 18 minutes from today's episode:
Discover what the three (3) C’s are when it comes to attracting capital
Understand the importance of having confidence, credibility, and connections when you’re trying to attract capital and investors
Find out where you can start creating connections if you’re the type of person who finds it hard to start a conversation
Resources/Links:
If you are interested in investing in apartments or you want to see what a deal might look like, go to https://www.casmoncapital.com/sampledeal and download a sample deal package for multifamily apartments.
Get tips on how to be a successful apartment investor. Tune in and listen to https://www.casmoncapital.com/podcast
Topics Covered:
01:36 – Why John prefers attracting capital rather than raising it
03:51 – 3 C’s to attract capital: (1) Confidence that comes from preparation
05:29 – 3 C’s to attract capital: (2) Credibility that comes from the experiences you have
08:41 – 3 C’s to attract capital: (3) Connections, starting with the people you know
12:04 – A piece of advice for people who find it hard to create connections and turn conversations into real estate conversations
17:07 – The sample deal package and the podcast
Key Takeaways:
"First and foremost, you mentioned the three C's to attract capital, and the key word in there is attract because you want it to work like a magnet – you want to pull the money to you as opposed to you pushing or chasing the money; that's not fun.” – John Casmon
“That confidence has to come from preparation. If you are not prepared, it's hard to be confident. Yes, you could fake it, but that is not the position you want to be in, particularly when you're dealing with other people's money.” – John Casmon
“The credibility comes from the experiences you have. You may not have ever done a deal, but if you've put in the work, if you've prepared, you can be confident in the work you've done. But that credibility is about the work you have done, and maybe it hasn't been a real estate; maybe you're like me, a former corporate executive.” – John Casmon
“When most people get tripped up, they say to themselves, “I don't have a network of people who can invest in these kinds of deals. I don't know super rich people or multimillionaires. So how could I ever raise money for these deals?” And the truth is, maybe you don't know those people. But you know what? I don't know all those people either. You have to build your network, and you start with your connections with the people you do know.” – John Casmon
“This is something that you can learn. The biggest takeaway is – and I tell my kids this all the time – nothing is easy, nothing is hard. Either you have enough practice and experience where it feels natural or you need more practice and experience. So don't chalk something up as, ‘Oh, it's easy for him to do it, but I can't do it.’ You could do whatever you want to do if you are willing to put in the practice.” – John Casmon
Connect with John Casmon:
Website: https://www.casmoncapital.com/
Email: john@casmoncapital.com
LinkedIn: https://www.linkedin.com/in/john-casmon-7942454/
Instagram: https://www.instagram.com/jcasmon/
Twitter: https://twitter.com/jcasmon
Connect with Dave Dubeau:
Podcast: http://www.propertyprofitspodcast.com/
Website: https://davedubeau.com/home
Investor Attraction Workshop: http://www.investorattractionworkshop.com/
Facebook: https://www.facebook.com/thedavedubeau
LinkedIn: http://linkedin.com/in/davedubeau
 

People here and there are freaking out these days, saying housing is so expensive nowadays. Well yes, they’re right, if we compare it with how things have been in the past recent years, but when you compare it to a longer point of history, you’ll actually be surprised at how cheaper it really is!
That’s exactly what this episode is about, with today’s guest explaining the statistics behind that. Join us as we dive into the numbers that prove housing isn’t as expensive as you think!
Jason Hartman is the CEO of Empowered Investor and Real Estate Tools. He started a career in real estate when he was still in college, investing in his own portfolio while brokering properties for clients. Through creativity, persistence, and hard work, he soon joined the ranks of the top one-percent of Realtors in the US, which then led to him being involved in several thousand real estate transactions, owning income properties in 11 states and 17 cities today. Jason’s companies help people achieve The American Dream of financial freedom by purchasing income property in prudent markets nationwide.
In this episode, Jason goes through the detailed explanation on why housing is actually cheaper than you think, with his points revolving around the data in St. Louis Federal Reserve’s chart, going through the history of interest rates, mortgage payment, and the market.
Checkout: Raising Capital Without Rejection Full-Day Workshop (Online): https://investorattractionworkshop.com/
What you'll learn in just 29 minutes from today's episode:
Understand the reason why people think housing is so expensive
Find out what’s going on nationally with the real estate market through data explained from St. Louis Federal Reserve’s chart
Discover how housing is actually cheaper than what you think, through an actual calculation of the cost per square foot, per month, adjusted for inflation
Resources/Links:
Check out Jason’s slide deck and get your own copy by going to https://www.jasonhartman.com/slides
Visit the Shadow Government Statistics and have access to the analysis behind and beyond government economic reporting. Just go to http://www.shadowstats.com/
Learn more about the work Jason does by visiting his website: https://www.jasonhartman.com/
Topics Covered:
02:41 – What’s going on nationally with the real estate market
05:06 – Mortgage data shown on the chart of the St. Louis Federal Reserve
08:17 – The reason why people think housing is so expensive
10:32 – Then and Now: Calculating the Consumer Price Index (CPI) the way the government does it
14:39 – The Consumer Price Index (CPI) is a complete fraud
15:32 – Difference in typical homes back then and today, then connecting it to the data in chart
17:43 – Calculating the cost per square foot, per month, adjusted for inflation
19:40 – The increase in house inventory in line with the rising interest rates
22:51 – Two more things you need to consider, according to Jason Hartman
27:17 – Go to https://www.jasonhartman.com/slides for the slides
Key Takeaways:
"Real estate is really quite a bit cheaper than people think, believe it or not. And remember, nobody really buys a house on the price of a house; they buy it on the payment of the house.” – Jason Hartman
“When everybody’s screaming about housing – ‘So expensive!’ – they’re right if you compare it to 18 months ago, but they’re not right if you compare it to a longer point of history.” – Jason Hartman
“Here’s why everybody thinks housing is so expensive – it’s because of something called hedonic adaptation. We, as humans, just keep raising our expectations. We are never content. That’s the nature of human psychology. No matter what we get, we want more; we want better. And that’s exactly what we’re doing here; we’re just expecting more.” – Jason Hartman
“Those dollars are worthless. It’s not really that the mortgage payment has gone up; it’s that the value of the dollar has gone down.” – Jason Hartman
“Inventory tells the picture.” – Jason Hartman
“The market is reacting to the current interest rates; it’s not reacting to the future interest rates.” – Jason Hartman
“You’ve got to understand that investing is not about appreciation; that’s just the icing on the cake. The icing has been fantastic the last couple of years; no one will deny that. But what we got to remember is that investing is about yield, and yield comes from cash flow, and rents are skyrocketing. Rents always lag prices by about two to three years. So, rents have gone up already, but they are going up a whole heck of a lot more; they are going to be higher in the next few years. So that’s the other reason that I don’t think investors should be very worried about the market – because they’re investing for yield, not for appreciation, hopefully, and that’s why that matters.” – Jason Hartman
Connect with Jason Hartman:
Website: https://www.jasonhartman.com/
YouTube: https://www.youtube.com/channel/UCpGNsrLsGR1viGHoEbSCabA
Podcast: https://www.jasonhartman.com/podcast/
Connect with Dave Dubeau:
Podcast: http://www.propertyprofitspodcast.com/
Website: https://davedubeau.com/home
Investor Attraction Workshop: http://www.investorattractionworkshop.com/
Facebook: https://www.facebook.com/thedavedubeau
LinkedIn: http://linkedin.com/in/davedubeau
 

Why focus so much on your weakness when you can give light to your strengths and take advantage of them in your life and in your career?
That’s what this episode is about, focusing on your strengths rather than your weakness and making them into your own “superpower” which you can, later on, use to your advantage in your real estate career.
Angel Williams is a Co-Founder of The Academy Presents and a Managing Partner of Lorren Capital, LLC. She has experience in SF rentals, Residential MF rentals, MF Syndication, and Oil and Gas investing. Angel received a BBA from Baylor University in 2000, and an MS in Economics in 2002.
In this episode, Angel talks about why you should prioritize and focus on your strengths more and how you can use that to your advantage. She also shares how you can combine your “superpowers” with others and become a greater sum in your life and in your workplace.
Checkout:  Raising Capital Without Rejection Full-Day Workshop (Online): https://investorattractionworkshop.com/
What you’ll learn in just 17 minutes from today’s episode:
Learn how you can discover your own natural abilities and strengths and turn them into your “superpower”
Understand why your weakness isn’t the main focus but instead, it’s your strength
Find out how you can combine your “superpowers” with others and maximize your potential
Resources/Links:
Learn more about becoming an awesome real investor by discovering what your “superpower” is. Just go to https://theacademypresents.com/
Topics Covered:
02:24 - How Angel realized that we should focus more on our strengths or “superpowers”
04:09 - How Angel discovered her superpower
07:57 - Changes they made after discovering their strengths or superpowers
09:43 - How she coaches people into taking advantage of their own superpowers
10:54 - How to trade or combine your superpowers if you're flying solo or your spouse isn’t as cooperative
Key Takeaways:
“If you are flying solo, you're going to have to wear more than one hat for at least a small period of time. The hope is that you're going to go to events, and if you're an introvert, you're just going to have to figure out how to go to events and just get a few people.” - Angel Williams
“If you are that introverted person, find you a loud extrovert friend that is willing to be your wingman or your wing woman at an event because they can start the conversations and break the ice. And then you can enter the conversations when you feel comfortable because you don't have to do it alone. And we all have friends.” - Angel Williams
“Your extrovert friends, they don't care what the event is.” - Angel Williams
“And if you're afraid that you don't have any real estate investor friends yet, I'm telling you, go back to that loud extrovert friend of yours because they will accompany you anywhere.” - Angel Williams
Connect with Angel Williams:
Website: http://www.theacademypresents.com/
Facebook Community: https://www.facebook.com/groups/REIRocksCommunity/?ref=share
LinkedIn: https://www.linkedin.com/in/angel-williams-re/
Connect with Dave Dubeau:
Podcast: http://www.propertyprofitspodcast.com/
Website: https://davedubeau.com/home
Investor Attraction Workshop: http://www.investorattractionworkshop.com/
Facebook: https://www.facebook.com/thedavedubeau
LinkedIn: http://linkedin.com/in/davedubeau
 

Have you ever thought of setting up your own fund as you do real estate investing?
Do you have people who would love to invest alongside you but you don’t know how to start and make it work?
Many people think that starting up your own fund is something that isn’t possible, but our guest is here today to prove them all wrong. Launch your own fund and take your real estate investing game to the next level with Lisa Hylton!
Lisa Hylton is a real estate investor who has started her own funds. She is a Passive Income CPA and is the host of The Level Up REI podcast.
In this episode, Lisa gets into the details on how easy and doable it is for you to set up your real estate fund today.
Checkout: Raising Capital Without Rejection Full-Day Workshop (Online): https://investorattractionworkshop.com/
What you'll learn in just 16 minutes from today's episode:
What the word “fund” means and how much, in average, will it cost you to set up a fund
Understand why you should focus on creating your own entity if you’re still starting to set up a fund
Find out which one fits you and your plans best – Rule 506(b) or 506(c)
Resources/Links:
Grab the Fund Manager Accelerator Crash Course that will take you from zero fund experience to being able to launch and run your own fund! Just go to https://lisahylton.com/the-fund-manager-accelerator/
Topics Covered:
01:31 – How Lisa defines fund when it comes to capital and real estate investing
02:57 – Creating your own fund for investing in real estate – doable or not?
04:13 – The realistic ballpark cost of setting up a fund
04:44 – Who are you allowed to bring on as investors with your real estate fund?
06:02 – Where to start – create your own entity
11:04 – Where to focus on when you’re a starter vs. thinking of doing blind fund
13:00 – Rule 506(b) vs. 506(c): The best rule to start with, depending on what you want to do
14:36 – Connect with Lisa Hylton
Key Takeaways:
"You can create funds to invest in real estate both from a blind perspective as well as from the perspective of being able to choose, allowing your investors to choose what investments they want to invest in.” – Lisa Hylton
“It is very doable. Everyday people can do it.” – Lisa Hylton
“If you’re just getting started, do one where you allow your investors to determine what deals they put their money into.” – Lisa Hylton
Connect with Lisa Hylton:
Website: https://lisahylton.com/
Connect with Dave Dubeau:
Podcast: http://www.propertyprofitspodcast.com/
Website: https://davedubeau.com/home
Investor Attraction Workshop: http://www.investorattractionworkshop.com/
Facebook: https://www.facebook.com/thedavedubeau
LinkedIn: http://linkedin.com/in/davedubeau
 

What’s one thing that’s stopping you from scaling your portfolio today?
Do you find it hard partnering with people and actually trusting them to get on a deal with you? Or maybe you see yourself as someone who is unworthy of having partners around you?
Do you fear that things might go wrong, especially because of differences in opinions? Have you lost your confidence and courage to actually take action?
It is a huge leap for most people, but once you go for it, you’ll see its power. Get your head on straight and be ready to scale, because with having Eric Nelson join us, there’s no doubt that you’re in for a treat today!
Eric Nelson is the Founding Principal of Wild Oak Capital, where he and the team provide investment opportunities through multifamily syndication. He has been investing in real estate for over ten years. As a co-owner of a civil engineering firm, Eric’s range of skills suits the field of syndication and real estate on both the technical level and client relations side. Eric is also the host of The Real Estate Mindset podcast.
In this episode, Eric shares tips and advices as he enumerates big mindset hurdles people usually go through as they start scaling their portfolio.
What you'll learn in just 14 minutes from today's episode:
Discover the biggest mindset shifts that taught Eric valuable lessons as he started scaling;
Find out why it’s important that you learn how to partner with people and help yourself overcome the “I am not worthy” mindset;
Understand why you should welcome and not fear opposing opinions, and also trust your knowledge and not be afraid to take action
Resources/Links:
Check out Wild Oak Capital’s website to learn more about the work that Eric does. Just go to https://www.wildoakcapital.com
Topics Covered:
01:55 – The backstory of Eric’s scaling journey + why it’s important that you learn how to partner with people
04:58 – Overcoming the “I am not worthy” mindset
08:56 – Trusting other people and actually working with them + why you should be open for assistance and not fear debates
10:12 – What kind of partnerships does Eric have?
11:47 – “Take the leap, because you can”
13:34 – Connect with Eric Nelson
Key Takeaways:
“There are ways to invest with other people's money, but the way to get there is to partner with people.” – Eric Nelson
“If you're hitting a roadblock, I’d encourage you to find someone with maybe opposing skill sets and start looking at how they can do it.” – Eric Nelson
“I hear people say this a lot. A good deal basically takes hustle, knowledge, and money. And so, if you can do two of those, if you can find the deal and if you have the knowledge how to run it, chances are you’d probably find someone who has capital.” – Eric Nelson
“It turns out that opposite opinions are actually great. It's a healthy debate that really produces the best solution.” – Eric Nelson
“Sometimes, it just takes a push from a friend, from your spouse, or even from yourself, to say ‘Let’s go’. And a lot of times, you'll make mistakes, and that's okay. As long as they're not detrimental, learn from it, get better, and move on. You have to trust the knowledge that you've learned and go for it. Take the leap, because you can.” – Eric Nelson
Connect with Eric Nelson:
Website: https://www.wildoakcapital.com/
Email: eric@wildoakcapital.com
Connect with Dave Dubeau:
Podcast: http://www.propertyprofitspodcast.com/
Website: https://davedubeau.com/home
Investor Attraction Workshop: http://www.investorattractionworkshop.com/
Facebook: https://www.facebook.com/thedavedubeau
LinkedIn: http://linkedin.com/in/davedubeau
 

Before things get out of hand, you need to prepare. And when you're in the real estate business, you've got properties and people to look out for, not to mention the significant amounts involved.
Lawsuits could arise if you're not cautious and could lead to severe business losses. That is not what we want to happen.
With that said, how do you protect your assets, avoid legal battles, and increase profitability?
Bonnie Galam left law firm life and started her own business because she saw the London Underground 'mind the gap' kind of hole in the legal space: LEGAL for INVESTORS THAT VALUE their time and integrity as much as their money.
In this episode, Bonnie shares how you can save yourself from future headaches borne out of lawsuits and losses caused by it by putting systems and processes that prevent them from happening, as well as getting asset protection for your properties and people.
Checkout: Raising Capital Without Rejection Full-Day Workshop (Online): https://investorattractionworkshop.com/
What you'll learn from this episode in just 18 minutes:
Find out how these two kinds of asset protection to help you from lawsuit costs and business losses.
Know when it is best to get LLC for your real estate business entity to ensure the protection is more than the cost incurred.
Learn about the misconceptions about asset protection, so you know what systems and processes you need to be in place.
Resources:
Join Bonnie's free legal workshop to learn how to create a profit-centered legal strategy https://bonniegalam.com/
Topics Covered:
02:08 - What is asset protection
02:48 - Misconceptions about asset protection
06:51 - Defensive versus offensive asset protection
09:20 - Being more proactive with legal stuff to increase profitability
11:24 - As a startup real estate investor, when is it best to have LLC?
12:52 - Is LLC recommended for flippers, and how about buy-and-hold property owners?
18:15 - Where to reach Bonnie for her perspective on asset protection
Key Takeaways:
"Asset protection is straight up saving me money. It's this big picture. I'm not just trying to protect myself from lawsuits. I'm trying to protect myself from losses. Period. And to use that to be able to increase my own bottom line." - Bonnie Galam
"We can take actions to protect ourselves the way that everyone else does. And by creating this ecosystem of processes and procedures that are not just drafted in a way that's in our favor, but also legally compliant and understood by all parties." - Bonnie Galam
Connect with Bonnie Galam:
Website: https://bonniegalam.com/
Connect with Dave Dubeau:
Podcast: http://www.propertyprofitspodcast.com/
Website: https://davedubeau.com/home
Investor Attraction Workshop: http://www.investorattractionworkshop.com/
Facebook: https://www.facebook.com/thedavedubeau
LinkedIn: http://linkedin.com/in/davedubeau
 

Have you ever thought about the must-have qualities of the people you’d be business partners with when it comes to real estate investing?
Do you have an REI project that you’re really interested in, but you haven’t really found the person who could help you put action into that dream?
April Crossley is the founder of Lazy Girl REI and Crossley Property Group. She is a full-time real estate investor in Berks County, PA, who is passionate about helping others rise and grow wealth with real estate. April is a teenage mom, a Millionaire Wealth Grower, an RV Lifer, and she has made it her mission to help change lives by growing wealth.
In this episode, April discusses the dos and don’ts of creating business partnerships when it comes to real estate investing as she shares tips based on her own story.
Checkout -- Raising Capital Without Rejection Full-Day Workshop (Online): https://investorattractionworkshop.com/
What you'll learn in just 20 minutes from today's episode:
Know the qualities that you should look for when finding a business partner in doing real estate investing
Understand why it’s perfectly fine that you don’t immediately form an LLC with that business partner
Discover why having an annoyingly scary lawyer is a must, especially when it’s your first business partnership
Resources/Links:
Check out April’s website and find out how she can be of help to your REI journey. Just go to https://www.aprilcrossley.us/lgrei-resources
Topics Covered:
01:07 – Short introduction about today’s guest
02:26 – Defining how a business partner should look like in real estate investing
03:28 – The story behind April’s first business partner
04:37 – Past vs. Present: What business partnerships look like for April now
05:58 – April’s first-hand experience of doing business partnerships for short-term deals
08:24 – Things to take note of when looking for a partner with whom you’d do a longer term buy-and-hold type of business with
11:45 – Tips you should consider before diving into your first business partnership
14:20 – Where to put your focus on when looking for business partners
16:34 – The ideal number of business partners you should have
19:25 – Connect with April Crossley
 Key Takeaways:
“Don't jump into forming an LLC right away, because then your kind of like married to that person; you're doing tax returns together and everything.” – April Crossley
“They always say, your network is your net worth.” – April Crossley
“Get an attorney that annoys you and scares you when you sit down with the business partner.” – April Crossley
“You have to get to know someone on a level other than what they're good at in real estate. What are their core values? What do they value in life? How do they spend their free time? What do they do with their family? Take them to lunch a couple of times and see how they treat a waiter at a restaurant. Things like that that seem kind of funny to say, but really digging into who they are personally.” – April Crossley
Connect with April Crossley:
Website: https://www.aprilcrossley.us/
Instagram: https://www.instagram.com/april_crossley/
Facebook: https://www.facebook.com/groups/rvrei
YouTube: https://www.youtube.com/user/aprilcrossley
Connect with Dave Dubeau:
Podcast: http://www.propertyprofitspodcast.com/
Website: https://davedubeau.com/home
Investor Attraction Workshop: http://www.investorattractionworkshop.com/
Facebook: https://www.facebook.com/thedavedubeau
LinkedIn: http://linkedin.com/in/davedubeau