Real Estate Money School

The conventional information we’ve been given about money is a lie designed to keep us on a hamster wheel. What is wrong with the traditional “wisdom” about money and building wealth? When it comes to making money, who should we be mimicking and learning from? On this episode, I talk about the Big Lie in most financial education and all the things I learned from Wall Street, the wealthy, and from running my own businesses.    Three Takeaways  Everyone that is funneling you towards the conventional methods is making a lot of money from it.  If we park our money and let it sit and let interest compound, you are buying into the Big Lie.  Wealthy people (and even banks) don’t park their money and just leave it. They keep it in motion.    We’ve been taught that money only works one way, and that we have to use it and invest it through conventional channels. But when we buy into that lie, we end up on a hamster wheel of rising and falling fortunes, not true wealth. In order to shift this paradigm, we must completel

Most successful real estate investors and entrepreneurs will tell you that their journey included a lot of challenges and obstacles. What mindset can help you get through them? How can you raise money for your very first deal? Why is real estate just a tool to a greater purpose? On this episode, I’m joined by the “real estate dingo”, and successful investor Engelo Rumora who shares his insights on what it took to build an investing and property empire from the ground up. Do deals with your own cash. Prove that you can do them, and before you know it you’ll have people throwing money at you. -Engelo Rumora    Three Things We Learned The keys to successful investing  You don’t have to be the smartest, most educated, or richest person to succeed. What truly sets people apart is work ethic and the ability to get up after failing. Every successful person has to fail before they succeed.  How to get capital for your first deals  Before you start investing, save between $50k to $100k of your own money. It gives you

While everyone knows networking is important, few people actually know how to do it. How can you approach networking effectively? Why is it so important to know what your unique value is? On this episode, real estate entrepreneur and author, Brian Trippe, shares how he started networking effectively and the difference it’s made in his business. If you want more money, deals, and income, you need to learn how to network. -Chris Naugle   Three Things We Learned Stick with old-school principles We’ve all heard sayings about giving something to get something. The reason these phrases have stood the test of time is because they’re still true to this day. When networking, lead with value. Go into interactions with the intention to give value of some kind. Your actions will be rewarded if you use this approach without expecting anything in return. Change your mindset Negativity is the main thing holding most of us back. Change your mindset and make yourself believe you have what it takes to be successful. Until you

The market is in a euphoric place right now, but it will turn soon. If investors don’t control the deal flow, they will find themselves locked out of the business. What are some of the mistakes investors make when it comes to leverage? What are some of the opportunities investors are missing out on? Where is the real money in real estate investment? On this episode, I’m joined by real estate investor and founder of REIVault, Gary Boomershine, who shares why off-market deals are key to success as an investor in this market. 80% of the profits in off-market deals from sellers are going to be between the 5th and 12th interaction. -Gary Boomershine   Three Things We Learned How to crush it in an “off-market” market We’re in an “off-market” market, so whoever controls the deal flow makes the money. If we really want to crush it and make a lot of money, we have to become efficient at locating and closing the deals. Don’t underestimate the value of your time as an investor As investors we should always be thinking a

The prevailing culture in business is not focused on relationships, community and connection and that’s making us a lot less productive. What are the different levels of leadership and the kinds of company environments they create? What is Tribal Leadership, and why is it the key to unlocking more opportunity? How can we bring it into our own leadership? On this episode, I’m joined by renowned keynote speaker, and author of one of the best leadership books of all time, John King. He shares why we are more effective when we work as community. Virtue forms character, character unfolds destiny. -John King   Three Things We Learned There are 3 types of relationship based on different things producing different results Relationships of pleasure (shared interest), and relationships of utility (what’s in it for me) are the most common, but they are not sufficient to get you where you need to go. The highest is a relationship of character, which about ethics, contribution and connection. Many successful, productive a

Going to networking and educational events is one of the most powerful things you can do to advance yourself as an entrepreneur. On this episode, I’m joined by the founder of one of the top social media firms in LA, Ben Precious. We talk about the Impact Players Tour conference, the speakers, what to look forward to and why we’re so excited about it.   You have to make a mental decision to succeed and stick with it until it becomes a reality. -Ben Precious   The Impact Players Tour is going to be held on July 24 at the Renaissance Hotel & Spa, in Glendale, Arizona. It will feature guests like Grant and Elena Cardone, Jordan Knecht, Chris Rood, Ben Precious, Brent Kessler and myself. Go to https://impactplayerstour.com/ for more information and to buy tickets. Don’t miss out on this one!

The journey to success is not an easy one, but if we equip ourselves with the right tools, we can shorten the learning curve. When it comes to how we use our money, how do we set ourselves up to build wealth? How can we get some of the valuable time of the people who are where we want to be? Why is it so important to put our money in motion? On this episode, investor and broker/owner of Princeton Pacific Properties, Michael Young shares on his journey and how we can set ourselves up to succeed in the investing game. When you’re in your 20s, 30s, and 40s, everything should be around building your asset base. -Michael Young Three Things We Learned Your earned income isn’t just money to spend— it’s money to invest The number 1 mistake people make is taking their earned income and spending it instead of getting an asset that can pay for their lives. Keep your money in motion Don’t park your money in the bank, it will just gather dust. Do what the banks do. They put their money in motion by investing and lending.

While it is okay to fail, it’s a good idea to make sure the money side of your business is in order. How can you put your finances in order? How should you approach potential partners for your business? On this episode, real estate investor and host of the Flip Talk podcast, Don Costa shares his secrets to success.   You have to have a mindset of control. -Don Costa   Three Things We Learned Failure isn’t the end Sometimes, the decisions we make in business are not the best ones. However, remember that most successful business owners have failed at some point. Sometimes things don’t work out as planned, but end up propelling you in the right direction in the long run. Money is all around you There is no shortage of money available. To get it, you need to be telling people about what you’re doing. Make sure people know you’re open for business. However, steer clear of asking for money. Doing this will put you at an immediate disadvantage. Know when to say no Don’t take any opportunity purely because someone is

We’re often led to believe that money is difficult to attain, and as a result we believe it’s normal to not reach our goals. However, there are people who are overcoming a lack of funds. How can you create massive success for your business? Where do you begin to delegate and create a database? On this episode, founder of Multifamily Investor Nation, Dan Handford is here to share his secrets to success. You can dive into it and make mistakes, or you can go out and find someone who has already gone through it. -Dan Handford   Three Things We Learned Find a mentor Find someone who can help you achieve the specific goals you set for yourself and your business. By approaching someone who has already experienced certain difficulties, you can avoid making the same mistakes they have. The importance of networking Your net worth is always equal to your network. Make sure you’re building relationships in advance. By meeting with people in person before doing business with them, you’re creating a database of potential c

One of the greatest things about real estate investing is that there are different opportunities, methods, and circumstances to make money. What options do we have aside from flipping and wholesaling? Why is it so critical to keep track of market opportunities in different areas and cities? On this episode, coach, author and entrepreneur, Adam Kipnes, talks about how to navigate and leverage market shifts. The property and the circumstances tell you what to do with it. -Adam Kipnes   Three Things We Learned How to balance markets We have to think about not only the cycle of your particular cities but cycles of other markets too. Some markets are pretty steady, and you can get good rentals out of them. Other markets have very little cash flow, and require us to buy low and sell high. Even if our main market is low, that doesn’t mean it’s low everywhere else— and we can take those opportunities. The best mindset to have about property investments Don’t go into a property investment with a set idea of what kind

Ever since the financial crash in 2008, the market has been steadily improving. What does this mean for your business? How should you be acting now, when the market is on a winning spree? On this episode, I simplify market trends using Warren Buffett’s famed quote: ‘Buy low, sell high, don’t lose money.’ Consider this: If you knew in a predictable way that the market was going to go up and down every 7-10 years, would it impact your decision to sell? -Chris Naugle   3 Things We Learned There are predictable patterns Just by looking at the S&P Inflation Historical Composite graph, it’s easy to pick up the pattern. Every 5-10 years, the market shifts. However, while the market drops incredibly quickly, it takes much longer for it to increase.   Now is a good time to sell Looking at the S&P Inflation Historical Composite, it’s clear that we’re at the top of the market. For this reason, it’s a good time to consider selling assets. This will help you fulfill Warren Buffett’s advice to ‘sell high’.   Stop o

The strategies that real estate investing students are being taught typically don’t match what’s actually happening in the market. How is this manifesting in areas like wholesaling and hard money lending? What stage in business is make or break for every entrepreneur? How can you find highly lucrative off-market deals? On this episode, REI Sales Academy founder John Martinez shares third-party insights from training investing students.   3 Things You'll Learn The inevitable stage every business goes through How most of the money in investing right now is in private deals Why the first step to success in real estate is in mindset   There are 4 big hurdles every investor has to overcome in order to be successful. The first is the stage of growth where systems and leverage are required. If you do things right, the stress goes down and your revenue increases at this stage. The second thing is the mindset of knowing that the money is there and you just need to get in front of people who have it. The third step i

We’re often inundated with images of wealth on social media that show what people’s lives look like once they’ve achieved their goals. What about the journey they took to achieve that lifestyle? What was the driving force to success? On this episode, I talk with Les Brown Jr., and Levan Wood to hear where they came from and what processes & strategies led to their success.   3 Things You'll Learn Build communities, not customers Believe in yourself. You are your own biggest obstacle Stay in tune with your motivation   As a society, we’ve become consumed by the desire to generate wealth for personal gain. However, there is so much good to be done with money. If you’re on your path to create generational wealth, remember that it begins and ends with your community. Ultimately, your network is your net worth.  

A shift in the market isn’t just a possibility— it’s definitely on the horizon. How can we prepare ourselves for it and make sure we don’t lose money when it happens? Why is wholesaling one of the best ways to brave the coming storm? Why are masterminds so important to our success as entrepreneurs? On this episode, Real Estate Worldwide CEO and President, Kent Clothier, shares on his journey to success, his external and internal obstacles, and how to navigate the market as a new investor.   3 Things You'll Learn Why you shouldn’t leave wholesaling behind  How to keep your investments strong during a downturn The importance of masterminds  The market is showing signs of slowing down, and as an investor you have to be prepared for this. You don’t want to start trying to change course during a crisis, so getting ready right now while the market is better is the best strategy. Start engaging with cash buyers right now, because their appetite won’t change in a downturn. Get into conversation with these people s

More than 10 years after the financial crisis, the US market cycle is at the top. The problem is, what goes up must come down. How can you start preparing for the storm? What can you do to protect yourself from losing money, and actually gain money instead? On this episode, I explain how using your 401k for investments is almost entirely risk-free.   Three Takeaways Apply Warren Buffett’s 3 rules to your life: buy low, sell high, and don’t lose money. Use employer retirement funds for your investments. You’ll not only not be spending your own money, but when you pay interest on taking a loan from the fund, you’re paying it to yourself. Sell your assets and market investments, and get into cash.     When the market cycle ultimately shifts from good to bad, it’s easy for people to start thinking negatively. This stops us from investing, and we become more concerned with staying afloat than with thriving. The popular assumptions about making money don’t help in this regard, either. Stop believing you have to tak

Traditionally, we’re never really taught how money works and how we can transform earning into building wealth. How can we get a better understanding of the principles of money in investing? Why is it so important for us to be willing to teach people no matter what level of knowledge we’re at? What’s the value of spending quiet time on your own to listen to yourself? On this episode, I’m joined by coach, entrepreneur, and “Millionaire Maker” Danelle Delgado, who shares her journey and how we can overcome our hurdles to success.   3 Things You'll Learn How to overcome our personal internal battles  Why anyone can be a teacher  The truth about investing in coaching programs  Money is abundant— it’s just a matter of finding it and setting yourself up so that it comes to you. We do this by constantly learning, seeking knowledge and mentorship, and doing the work to overcome our internal hurdles.    

Any successful real estate investor will tell you that they’ve had their fair share of failures. It’s an inevitable part of the journey. How did my guest get back on his feet after his investing business crashed? What are some of the necessary actions and decisions that will help you bounce back from failure? On this episode, I continue my conversation with Canadian investor Olivier LePage as he shares the most challenging time he went through as an investor, the lessons he learned, and how his business came back better than before.    3 Things You'll Learn Why failure isn’t something we can avoid in business Why you need to be careful about hard money The most valuable skill set you have as an investor has nothing to do with money People tend to see money in a very limited and narrow-minded way, and that feeds into how they approach investing deals. The truth about investing is: you don’t need money to get started, you just need to take action to find the deals. If you don’t have money, you can still cre

Getting money isn’t the only hurdle new investors face. Sometimes the most difficult challenges are a lack of family support and finding people we can trust. What are some of the things we can expect when we try to get money from family? Why is it so difficult to find the right partners? How can we keep pushing through when things are challenging? On this episode, Canadian investor Olivier LePage shares on his investing journey over 11 years and the lessons he’s learned along the way.    3 Things You'll Learn Why it’s not always easy to get money from family Even though our families love and support us, they aren’t always the best sources of money. If people don’t know about real estate, it’s hard to convince them that it’s a good deal, and that they will make any money, even when they love us.   How our fear of failure can hinder our growth Our families can sometimes be so worried about us failing that they protect us by not giving us funding, but this creates tension and challenges because it feels like yo

The biggest hurdle new investors face is getting the money for deals, but the real hurdle isn’t financial—it’s mental. How can we shift our mindset and remove our blinders so we can see where the money is? How do we find and approach investors to show them the value of the opportunity? Is there a way to accelerate our success? On this episode, I’m joined by successful investor and entrepreneur, Matt Aitchison, to talk about how he built his empire and share the mental blocks he had to overcome in order to get those first deals off the ground.    3 Things You'll Learn The value of an experienced partner Why the deal comes first and the money follows The importance of building systems around what you’re doing In order to attack the gap between where you are and where you want to be, you have to do things differently. The most important thing in investing is shifting your mindset around success and the activities that make it possible. Don’t think of the deal as an investor doing you a favor. You’re actually

People often claim that a lack of access to money is what keeps them from looking for deals. Why is mindset, not the money, the real thing holding us back? What is the most valuable skill that we can leverage in order to get money? Why do we need to prioritize action and stop being afraid of making mistakes? On this episode, I’m joined by real estate investor and entrepreneur, Ben Muresan who shares on his journey, the obstacles he faced, and how he overcame them.   Fail quickly, fail forward. The quicker you fail, the quicker you find the answers to what does and doesn’t work. -Ben Muresan   Three Things We Learned How necessity breeds a strategic mind Not having the resources at your fingertips forces you to think about alternatives, new ideas and strategies. That level of forceful thinking helps you cultivate a mindset of possibility.   Why limiting beliefs are the biggest obstacle to success It’s always the limiting belief that we have in our minds that holds us back beyond anything.  On the surface the