JC 081: Charging into the Mindset of a Real Estate Investing with Rod Khleif

December 12th, 2019 | no comments

Pushing Through Fear to Reach Your Goals

Rod Khleif is a passionate real estate investor who has owned and managed over 2,000 properties. As an accomplished entrepreneur, Rod has built several successful multimillion-dollar businesses.

Rod has combined his passion for real estate investing with his personal philosophies of goal setting, envisioning and manifesting success to become one of America’s top real estate investing professionals and teachers. He shares his techniques at his boot camp, podcast and website to help others achieve the right mindset to achieve high level success.

Rod Khleif joins John Carney today in The Real Estate Locker Room to dive into the mindset required to learn from mistakes and allow failures to fuel your goals.

Five Key Points:

  1. Clarity is power – Know exactly what you want and why you want it.
  2. A goal is not a goal until it is measurable. Put a time limit on each goal you make. Pick your number one goal and your top three one year goals, write down why it is a mustto achieve them and the regrets you will have if you don’t.
  3. Visualize what you want daily to give your brain direction.
  4. Everything starts from a place of gratitude. Never achieve a big goal without having another goal behind it.
  5. Success without giving back is not success. Give back what you can now! Don’t wait until you reach your goals.

Favorite Athlete:

  • Pelé

Favorite Books:

Pro tip:

  • Education and implementation.

Resources Mentioned:

Reach Out to Rod Khleif

Thank you Rod for taking the time to show us how to get into the right mindset to achieve and visualize goals with the audience.

Listen to all the episodes of The Real Estate Locker Room Show and sign up for my FREE monthly newsletter at www.johncarneyonline.com

Connect with John Carney
Facebook: @JohnCarneyOnline
Twitter: @John_M_Carney
Instagram: @johnm_carney

© John Carney 2019

JC 080: Investing in Manufactured Homes with Andrew Keel

December 2nd, 2019 | no comments

(Lonnie) Deals on Wheels

Andrew Keel is the founder of the Keel Team, LLC. He and his team currently manage 16 manufactured housing communities and are continuing to grow. Andrew uses his expertise to turn around under-managed, manufactured housing communities by utilizing proven systems to maximize occupancy while reducing operating costs, thus generating revenue.

The Keel Team specializes in bringing in mobile homes to fill vacant lots, implementing utility bill pay back programs, and improving overall management and operating revenue. The result of his efforts significantly boosts the asset value and net operating income of these communities.

Andrew Keel joins John Carney today in The Real Estate Locker Room to amplify your mobile home game.

Six Key Points:

  1. Do a Lonnie Deal. Buy a mobile home in a mobile home park nearby, put work into the home, and sell the structure but keep the lot so you can collect the lot rent.
  2. You will have immediate success when you “become the bank” and finance the home. Owning a mobile home plus the lot has tax benefits, depreciation schedules, and creates wealth.
  3. In mobile home parks, you can own the lot the home is on. The tenants can own the mobile home itself. Therefore you are not responsible for home upkeep as a landlord. The annual turnover rate for a mobile home community is only 5-6%.
  4. Be obsessed and you will be successful. Go all in with your passion and learn everything you can. Find a mentor and build your team so that you can advance to a higher level of real estate.
  5. Find an experienced operator and invest passively with them for your 1st deal to learn from the operator and the process.
  6. Review your goals daily. It will train your mind to create solutions and options in your business and everyday life.

Favorite Sports:

  • Football
  • Ironman
  • Triathlons

Favorite Athlete:

Favorite Books:

Pro tip:

  • Keep a healthy lifestyle.

Resources Mentioned:

Reach Out to Andrew Keel:

Thank you, Andrew, for taking the time to help us understand how to be successful in mobile home investments with the audience.

Listen to all the episodes of The Real Estate Locker Room Show and sign up for my FREE monthly newsletter at www.johncarneyonline.com

Connect with John Carney
Facebook: @JohnCarneyOnline
Twitter: @John_M_Carney
Instagram: @johnm_carney

© John Carney 2019

JC 079: Your Real Estate Portfolio in Your Pocket with Minesh Bhindi

November 13th, 2019 | no comments

Helping People Build Wealth with Real Estate

Minesh Bhindi has been a real estate investor since he was sixteen years old. He has leveraged his experience and knowledge to consistently achieve massive real estate success.Minesh and his father are the pioneers of a unique no-money down real estate transaction process in the UK. By eighteen, Minesh had completed his first independent real estate deal for three flats in the heart of London’s financial district, which netted him a cash-back on purchase of £68,000 and £250,000 in equity.

Minesh has built three companies to help investors implement the strategies that he has learned and successfully applied to acquire real estate, stocks, and gold and silver as income-generating assets.

Minesh Bhindi joins John Carney today in The Real Estate Locker Room to help us understand REITs and how to use them.

Five Key Points:

  1. The more you are prepared to walk away from a deal, the more it seems to chase you. The more real estate deals you have, the less attached you will feel to one particular deal. When you take the timidness out of your negotiation, it gives clarity to all of the parties involved.
  2. Diversify your real estate portfolio! Your investment doesn’t have to be a large multitude of physical properties. You can diversify in stocks and REITs and manage your real estate portfolio from your phone.
  3. Invest in REITs (Real Estate Investment Trusts) that are managed by proven experts that give investors a double layer of protection.
  4. Real estate is a great vehicle for investing. If you invest correctly, your investments will bear fruit. You need to own at least a few physical properties (brick and mortar) but also know your objective and how you want to use your investments. Then partner with someone who has experience and expertise.
  5. Suggested practice to stay focused in life and work: transcendental meditation and Cuban cigars.

Favorite Sports:

  • Soccer

Pro tip:

  • Start. Most people won’t start. If you are sitting there and not doing anything… that’s the problem. The quicker you can get to the starting point, the better it will be for you.

Reach Out to Minesh Bhindi

Thank you Minesh for taking the time to discuss diversifying your real estate portfolio with the audience.

Listen to all the episodes of The Real Estate Locker Room Show and sign up for my FREE monthly newsletter at www.johncarneyonline.com

Connect with John Carney
Facebook: @JohnCarneyOnline
Twitter: @John_M_Carney
Instagram: @johnm_carney

© John Carney 2019

 

 

 

JC 078: The Power of Networking with Nichole Stohler

November 4th, 2019 | no comments


How to Invest in Multi-Family and Hotel Real Estate 

While working full-time in the Technology Industry, Nichole Stohler and her husband have built a real estate investment firm with an impressive portfolio that includes multifamily, hotels and single-family residential properties. Learn more by tuning into Nichole’s podcast, The Richer Geek.

Nichole believes that it’s not only possible, but it’s essential that others in high-income roles find ways to make their money work for them.

Nichole Stohler joins John Carney today in The Real Estate Locker Room to share some of her proven real estate investing techniques.

Five Key Points:

  1. Learn from your failures.
  2. The power of networking. Build your network, develop your peers and learn from them. Ask questions and be open to opportunities. Find someone with expertise and partner up with them.
  3. Fundamentals are the same in regards to purchasing hotel vs multifamily. Look for the “value add”. Are you able to purchase for a great price and force the appreciation and increase the value?
  4. You have more options in generating revenue in a hotel space than in a multi-family property.
  5. Think about the opportunities hotels provide and how they can work in different spaces like the multi-family or Airbnb. I.e.- Advertising, covered parking, faster option of WIFI.

 

Favorite Sports:

  • Running/  working out with a trainer

Favorite Athlete:

  • Payton Manning

Favorite Books:

Pro tips (3):

  • If you accomplish your top 3 things, you’ve done with what you need to that day.
  • It will never happen if you don’t make it happen.
  • Find your local real estate Meetups and attend them!

Resources Mentioned:

Reach Out to Nichole Stohler:

Thank you Nichole for taking the time to emphasize the importance of networking and checking out opportunities with the audience.

Listen to all the episodes of The Real Estate Locker Room Show and sign up for my FREE monthly newsletter at www.johncarneyonline.com

Connect with John Carney
Facebook: @JohnCarneyOnline
Twitter: @John_M_Carney
Instagram: @johnm_carney

© John Carney 2019

 

 

 

JC 077: Working Smarter, Not Harder with Gary Boomershine

October 21st, 2019 | no comments

How to Think Like a Banker

With a family legacy in the real estate market and a long successful career in enterprise and emerging technology markets, Gary Boomershine had the vision for a business, RealEstateInvestor.com.

Gary capitalized on the opportunity to leverage people, processes and technology to gain a leg up in a cyclical, changing and competitive real estate marketplace. He experienced his real estate business flourish with technology that allowed him to work smarter – not harder and stay focused on the one thing that makes money, talking to sellers and making offers.

Tune into Gary and John’s conversation in “The Real Estate Locker Room” as they discuss the strategy for using your time and money wisely.

Five Key Points:

  1. Everything is cyclical, and the markets circle every 8-10 years. You can get “squished” at the turn of the market so you must change with it.
  2. High-risk investments are with rehabs right now. Wholesaling is a sound strategy right now until a change in the real estate market.
  3. Mindset: Think like a banker. The business model that banks use works. The banker is the person with power because they have the money and is the 1st to get paid.
  4. Gary’s current strategy: 1st position loans, backed by property he can see. Currently doing super low risk loans, takes a spread and invests in 401k.
  5. Cash Now: Single transition (whole seller, rehabber, flippers). Cash Flow: Building wealth (apartments, lending). Cash Later: When you achieve financial freedom. 

Favorite Sports:

  • Soccer

Favorite Books:

Pro tip:

  • 5/10/3 concept: Wake up at 5 am. Push the whole day out until 10 am (work out, read scripture, journal, clean & acts of service). 3 hours or work as a CEO in your business.

Resources Mentioned:

  • Hard Money Brokers

Reach Out to Gary Boomershine

Thank you Gary Boomershinefor taking the time to get us in the mindset to level up our real estate game.

Listen to all the episodes of The Real Estate Locker Room Show and sign up for my FREE monthly newsletter at www.johncarneyonline.com

Connect with John Carney
Facebook: @JohnCarneyOnline
Twitter: @John_M_Carney
Instagram: @johnm_carney

© John Carney 2019

 

 

JC 076: Investing from Afar with Kevin Dhillon

October 2nd, 2019 | no comments

How to Manage Global Real Estate Portfolio

Kevin Dhillon started his real estate investing career in 2006, with a single-family home in Melbourne, Australia. He relocated to the United States in 2011 with his wife where they continued to expand their real estate portfolio.

Kevin’s passion for wealth creation through real estate allowed him to quit this job while still in his 20s and focus on investing full-time. His holdings include multifamily apartment communities, mobile home communities and triple net retail shopping centers across the USA in addition to residential and commercial real estate in Australia. Currently based in Singapore, Kevin is continually growing and expanding his property portfolio with like-minded investors through syndicated projects in the US.

Kevin Dhillon joins John Carney today in The Real Estate Locker Room to help others put their idle capital to use by investing in cash flowing US real estate.

Five Key Points:

  1. Go for something that will allow you to create momentum. Co-owning or co-investing may better align your incentives. This model allows other people to bring their investments to you.
  2. You need a great management team.
  3. Asset selection and asset type are just as important as selecting the right team. Quality over quantity.
  4. The type of asset will decide how close you need to be. Factories, retail spaces, or offices are easier to manage from a distance.
  5. Daily routine to stay focused: Prayer, splitting time being with family or working and work hard.

Favorite Sports:

  • Tennis
  • Soccer
  • Motorsports

Favorite Athlete:

Favorite Books:

Pro tip:

  • Look for the arbitrage play.

Reach Out to Kevin Dhillon:

Thank you, Kevin Dhillon, for taking the time to discuss managing a global portfolio with the audience.

Listen to all the episodes of The Real Estate Locker Room Show and sign up for my FREE monthly newsletter at www.johncarneyonline.com

Connect with John Carney
Facebook: @JohnCarneyOnline
Twitter: @John_M_Carney
Instagram: @johnm_carney

© John Carney 2019

 

 

 

JC 075: Self Directed IRA Investing with Brian Eastman

September 18th, 2019 | no comments

Diversify and Multiply Your Options

Brian Eastman is a principal and Sr. Consultant at Safeguard Advisors, LLC based in Boulder, Colorado. He has personally worked with thousands of independent investors over the years and has a deep understanding of the tax framework that governs self-directed retirement plans as well as how to actually implement such plans successfully in a variety of real estate-related transactions.

Brian has been investing in real estate personally with his self-directed plan for 15 years and has participated in sub-division development, flipping properties, rentals, lease options, and trust deed financing of various types of property.

Brian Eastman joins John Carney today in The Real Estate Locker Room to talk about liberating your tax shelter retirement money for real estate investing.

Five Key Points:

  1. You have the option of using your retirement money to invest in real estate instead of the stock market.
  2. Real estate is a tangible, manageable and controllable for the investors and offers consistent cash flow to grow their retirement savings.
  3. You may enter into various real estate syndications (i.e. crowdfunds) due to the regulations becoming more relaxed.
  4. The real estate markets are favorable to multifamily and commercial real estate due to increasing demand and opportunities.
  5. Daily habits that keep you focused as a real estate investor include regular exercise and maintaining a work life balance.

Favorite Sports:

  • Fencing

Favorite Athlete:

  • Magic Johnson

Pro tip:

  • Be mindful, take the time, rely on true expertise, think things through, and develop a business plan.

Reach Out to Brian Eastman:

Thank you Brian Eastman for taking the time to talk IRA investing with the audience.

Listen to all the episodes of The Real Estate Locker Room Show and sign up for my FREE monthly newsletter at www.johncarneyonline.com

Connect with John Carney
Facebook: @JohnCarneyOnline
Twitter: @John_M_Carney
Instagram: @johnm_carney

© John Carney 2019

 

 

JC 074: The World’s 1st Landlord Scientist: Al Williamson

September 4th, 2019 | no comments

Make a Difference in Your Community

Al Williamson is a professional engineer, full-time real estate investor and the author of several real estate books. His real estate investing career began in 1996 and Al best known for publicly documenting his quest to create enough secondary income streams to cover the 1st mortgage of his eight-unit apartment building (which he accomplished in September 2015). Al is a proud family man who now spends his day managing and expanding his corporate housing business in Sacramento, California.

Al Williamson joins John Carney today in The Real Estate Locker Room to unpack how to invest in your community.

Five Key Points:

  1. Exercise leadership over a troubled neighborhood. Take an active approach to invest your time, experience and money into the community.
  2. It takes about two years for a difference to be seen in a community. You will make great things happen if you focus on connecting the dots for a specific need and are consistent.
  3. The size of your portfolio doesn’t matter as much as the amount of your net income.
  4. Learn how to increase the net income of your rental property in ways other than annual rent increases.
  5. Experiment and try new things. Make mistakes and learn from them.

Actionable Items:

    1. Use one internet account to blanket the whole property with a fiber optic network. It creates savings for everyone.
    2. Storage on your property can be made available to both tenants and non-tenants.
    3. Add bio friendly wastewater treatment products to break up clogs and that preventative measures to your plumbing.

Favorite Sports:

  • Gymnastics

Favorite Athlete:

  • Jackie Robinson

Favorite Books:

Pro tip:

  • If you’re interested in working at a higher level, network your way to a higher level of friends.

Resources Mentioned:

  • Think Up (app)

Reach Out to Al Williamson

Thank you Al Williamson for taking the time to discuss community leadership and thinking outside the box with the audience.

Listen to all the episodes of The Real Estate Locker Room Show and sign up for my FREE monthly newsletter at www.johncarneyonline.com

Connect with John Carney
Facebook: @JohnCarneyOnline
Twitter: @John_M_Carney
Instagram: @johnm_carney

© John Carney 2019

JC 073: Getting VA Support with Liz Goddard and Nicole Grinnell

August 14th, 2019 | no comments

How to stay focused on the big picture

Nicole Grinnell has over 15 years of experience as a Corporate Executive Assistant and Liz Goddard transitioned her career from Human Resource Director for one of Atlanta’s fastest growing companies. In 2017, they brought their vision to life and co-founded the virtual assistant company, CC:MyAdmin.

CC:MyAdmin focuses on providing executive level support to small business owners and entrepreneurs at a price point and availability that allows their business to grow. Liz, Nicole, and their team are here to make your business run smoothly by taking non revenue producing tasks off your plate so you can focus on the bigger picture of growing your business.

Liz and Nicole join John Carney today in The Real Estate Locker Room to explain how a CC:MyAdmin virtual assistant will help elevate your real estate business.

Five Key Points:

  1. Outsource the tasks you don’t want to do and stay focused on the big picture.
  2. Social media is necessary for modern business. People want to see what is happening now.
  3. You can increase or decrease your VA hours as your needs change. Investors are encouraged to engage CC:MyAdmin before they buy their 1stproperty.
  4. Virtual Assistants have a wide range of skills; cold calling, lead generation, book keeping, social media, etc… all to help your real estate investing business.
  5. You can do anything but you can’t do everything. Find someone to delegate and outsource to so you don’t burn out.

Favorite Athlete:

  • Tim Tebow
  • Peyton Manning

Favorite Books:

Pro Tip:

  • Be present when you need to be present.
  • Know when you’re most productive and put what’s most important in that block of time.

Reach Out to Liz and Nicole:

 

Thank you Liz and Nicole for taking the time to share how CC:MyAdmin can add value in the real estate world.

Listen to all the episodes of The Real Estate Locker Room Show and sign up for my FREE monthly newsletter at www.johncarneyonline.com

Connect with John Carney
Facebook: @JohnCarneyOnline
Twitter: @John_M_Carney
Instagram: @johnm_carney

© John Carney 2019

JC 072: House Flipping with Michael Green

August 1st, 2019 | no comments

Doing Less and Making More

Michael Green believes that the key to success in the house flipping industry is being open to investing in personal growth and seeing the potential in something that’s a little broken-down and rough around the edges, even if others may have given up on it. This includes seeing the potential in oneself. After discovering the self-development journey, Michael has scaled two houses flipping businesses and flipped over 1100 houses in the last ten years to achieve success that he never believed was possible.

Today Michael finds the most rewarding part of his career to be helping others make profound changes from the inside out and to achieve financial freedom.

Michael Green joins John Carney today in The Real Estate Locker Room to shares his story of house flipping success.

Five Key Points:

  1. If you are creating a vision for your business, it’s about doing one house and nailing it, making the right profits on it, optimizing and maximizing every aspect along the way.
  2. Your business will continue to grow when you focus on profitability and margin.
  3. Have a post game approach. Analyze what you did and make changes. Look at what you thought would happen vs. what actually happened.
  4. Get focused on productivity and profit. Ask yourself, “What were my best properties and why? How to you get rid of the awful ones?”
  5. You don’t have to do more to make more if you educate yourself and work efficiently.

 

Favorite Sports:

  • Baseball
  • Golf
  • Poker
  • Pool

Favorite Athlete:

  • Ray Lewis

Favorite Books:

Pro tip:

  • Pick the highest priority actives, work on them and then quit. It will force you to do what matters.

Reach Out to Michael Green:

Thank you Michael Green for taking the time to share your success story in the house flipping game with the audience.

Listen to all the episodes of The Real Estate Locker Room Show and sign up for my FREE monthly newsletter at http://www.johncarneyonline.com

Connect with John Carney
Facebook: @JohnCarneyOnline
Twitter: @John_M_Carney
Instagram: @johnm_carney

© John Carney 2019