JC 058: Day Trading Real Estate with Larry Goins

January 9th, 2019 | no comments

Know the hierarchy of real estate

The Real Estate Locker Room Show EP 58Larry Goins is a hard-charging entrepreneur, educator and real estate investor with 30 years of experience in the real estate industry. Aside from being a successful investor, Larry is an accomplished key note speaker who travels the United States to speak and train audiences about his proven investment strategies. He’s the author of Getting Started in Real Estate Day Trading, a book that teaches readers a new and revolutionary way to buy and sell houses with as little as $5,000.

Larry joins John Carney in the Real Estate Locker Room to chat about day trading real estate and how it enabled him to achieve unparalleled success. He shares his real estate success story and lays out the steps involved in a successful day trade. Turn up the volume and pay attention when Larry details the hierarchy of real estate.

 

Five Key Points:

  1. Investing in real estate education isn’t cheap       – the more you know about real estate, the more money you will make.
  2. Learn different models and strategies to understand what to do with opportunities.
  3. Day trade to build up your capital.
  4. Don’t quit your day job until you’re bringing in as much money.
  5. Set your goal and have a deadline. A goal without a deadline is just a conversation.

 

Favorite Sport:

  • NASCAR

 

Favorite Books:

Pro tip:

  • Don’t just get educated. You must apply what you learn and take action.

Reach Out to Larry Goins:

Thank you Larry for taking the time to share your expert advice on how day trading real estate will elevate your business.

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

JC 057: Know Your Tax Advantages with Craig Cody

December 20th, 2018 | no comments

Always Hire an Accountant First

Always Hire an Accountant FirstCraig Cody is a CPA and the President and Founder of Craig Cody & Company Inc., a tax service company that help business clients with tax planning as well as off site CFO services. His practice is deeply rooted in tax planning specifically in finding ways to legally reduce client’s tax liabilities and let them keep more of what they earn. His excellence in the field has earned him the title of Certified Tax Coach, a select group of practitioners who undergo extensive training and continued tax planning education and strategies.

Craig Cody joins John Carney in the Real Estate Locker Room today to share all of the good financial reasons why hiring a great accountant (CPA) will give your company earnings a boost. He dispels the myth about how the fees for accountants are too high for the extra income you get. Craig provides the important questions that you have to ask your accountant and why. Learn why constant communication is a priority, not just with your accountant, but with your entire team in regards to tax planning. You won’t want to miss Craig’s “ten most expensive mistakes” that cost business owners thousands.

Five Key Points:

  1. People tend to look at their accountant as an expense item. When used correctly, accountants will be an income item.
  2. Your accountant should be saving you more money than what you are paying them in fees.
  3. Accountants should be the first people you hire for your business.
  4. If you are not going to document you are looking for trouble.
  5. Always look to make friends. Give people a reason to like you.

 

Favorite Athletes:

Favorite Sports:

  • Training and exercise

Favorite Books:

Traction: Get a Grip on Your Business by Gino Wickman

Pro tip:

  • Marketing and prospecting is like breathing. If you stop, you die.

Reach Out to Craig Cody:

Thank you Craig for taking the time to share your thoughts on why accountants are a key player for your business.

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 2018

JC 056: Investing Outside of your Backyard with Nir Babajani

December 5th, 2018 | no comments

Real estate is not passive investing

Nir Babajani is the Founder of Nadlanir, an Israel-based investment company whose primary clients are Israelis who are investing in the US property market. Nir started in 2012, when he first took the risk of investing outside of his country. Nir’s passion to begin his company was driven by the frustrations at US properties being offered for sale at outrageously high prices in his country. He turned that frustration into motivation and that led him to creating a service to enable Israelis to confidently purchase US investment properties.

Nir joins John Carney in The Real Estate Locker Room to chat about the pros of investing outside of your country. He shares the challenges that new investors will face in foreign countries, the clients that he serves and the types properties that his business focuses on. Nir tells the story of how he became involved in US real estate and how he utilized his experience as a project and risk manager to succeed in this industry.

Five Key Points:

  1. Many investors have the money, but they don’t have the time.
  2. Inside information is where the money is made in real estate investing
  3. Understanding real estate is about understanding what you know, your resources, and your goals.
  4. Successful people have daily routines. Allocating time for reading and exercise is training for success.
  5. Knowing what the house looks like before it is renovated enables you to know everything about it.

Favorite Athlete:

  • Ronaldo, Brazilian Football Legend

 

Favorite Sports:

  • Football (Soccer), Cycling, Tennis

 

Favorite Books:

 

Pro tip:

  • Be open to investing in markets outside of your backyard. A wise investor is open to investing in other countries.

 

Reach Out to Nir Babajani:

Thank you Nir for taking the time to share your thoughts on investing in US property from foreign countries.

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 2018

JC 055: Surviving Multiple Market Cycles with Lee Kearney

November 21st, 2018 | no comments
JC 055: Surviving Multiple Market Cycles with Lee Kearney
Embrace technology or get crushed

The Real Estate Locker Room ShowLee Kearney is an investor and owner of Flip Your Income, a real estate company that provides services and mentorship for newbie and veterans in the industry. Lee has bought and sold over 7,000 properties in the last 14 years and is regarded as the go-to guy when it comes to leveraging market cycles.

Lee joins me today in the Locker Room to share what it takes to survive not just one, but almost every market cycle that you will face in your career. He explains how embracing technology is the biggest step forward to scaling your business and how innovation will improve your team. Lee dives into why focusing on a few select niches in this market is critical to a company’s success. Turn up the volume so that you don’t miss Lee’s advice regarding noise and facts, especially when it comes to market cycles and crashes.

Five Key Points:

  1. Making money is cool, but you have to consider taking risk off the table too.
  2. Affordability is going down because rates and prices are going up.
  3. Make the money, get it passive, and keep the government away from it.
  4. The common mistake in rehabbing is doing it in the wrong order.
  5. A leader’s job is to make use of tools / technology that will improve the team’s performance.

Favorite Athletes:

Favorite Sports:

  • Cycling, Running, Golf, Gaelic Football, Field Hockey, and Soccer

Favorite Books:

Pro tip:

  • Most successful people have a morning routine which serves as their warm-up for the real thing.

Reach Out to Lee Kearney:

Thank you Lee for for taking the time to share your expert advice on how to succeed in any market cycle.

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 2018

JC 054: Being Better Than You Were Yesterday with Ross Stryker

November 8th, 2018 | no comments

Real Estate, Routine and Financial Freedom

: Being Better Than You Were Yesterday Ross Stryker is the CEO at Smart Asset Opportunities (SAO), a business that teaches clients how to gain wealth and financial freedom through proper education and sound financial advice. Ross served in the military for 12 years and has 20 years of experience running a private orthodontic practice.

Ross’ investments include over 40 single-family homes, a coffee farm in Panama, apartment complexes, and ownership in a resort in Belize. He advocates for investments outside of the stock markets and his continued success in real estate as an asset class is proof of concept.

Ross steps into the Locker Room to share the idea that everyone should be constantly thinking about how to achieve their version of financial freedom. Ross reveals his pro tips on getting started in the real estate game, scaling your existing business, and how to maximize your time. He describes his life before he became an investor, what made him transition to real estate, and how he educated himself.

 

Five Key Points:

  1. In real estate investing, inside information is where the money is made.
  2. It’s never a good idea to be the smartest person in the room.
  3. Invest in your business. The highest return on your dollar will be in the business you know.
  4. Anyone with a prominent real estate business owes much of its success to networking and meeting new people.
  5. The answer to your retirement is to know how to create money.

 

Favorite Athlete:

 

Favorite Books:

 

Pro tip:

  • Any little thing that you do to make yourself better every day will build the road to your success.

 

Reach Out to Ross Stryker:

 

Thank you Ross for taking the time to share your thoughts on self-improvement and business success.

 

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 2018

JC 053: Brain Power, Habits and Real Estate with Paul Thompson

October 24th, 2018 | no comments
Your mind is the only capital required for real estate success

Paul Thomson joins me in the Locker Room to talk about how he changed the course of his life through making the right choices and having the right mindset. Paul shares the reasons why he left corporate America, the people who inspired him to become a real estate investor, and how he overcame the fear of trepidation of becoming an entrepreneur. He discusses the important lessons he learned in his journey towards success and how he applied them. Paul also explains how anyone can create a new money mindset and how you can identify your keystone habit.

Paul Thompson is a real estate investor, money expert, and wealth coach. Before becoming a full-time investor, Paul was just like the average corporate 9-5 worker. As the years passed by, what started as routine and ordinary became suffocating. By 2015 Paul wanted out and decided he’d had enough of working to make someone else rich.

After stepping away form his corporate gig, Paul connected with people who served as the inspiration for entering the business of buying and selling properties. Paul had doubts at first due to lack of capital, but quickly learned that the only capital you need is your brain. Once Paul fixed his mindset, everything just fell into place. Paul’s new mindset lead him to close 20 deals during his first 18 months in the real estate game.

Five Ways To Create A New Money Mindset:

  1. Separate time from money
  2. Switch from looking for piles of money to streams of money.
  3. Value is subjective.
  4. You don’t want more money, but you want what money can do for you.
  5. You have plenty of money for all the things you truly want.

Five Key Points:

  1. Doing nothing is still a choice, so choose better.
  2. You don’t need institutional funds to buy real estate.
  3. Aim to build passive income that exceeds your living expenses.
  4. You might be onto something when people start paying you for what you know,.
  5. You must have the intellectual capital to find great deals.

Favorite Athlete:

  • Tom Brady NFL quarterback for the New England Patriots

Favorite Sports:

  • Basketball

Favorite Books:

Pro tip:

  • Identify your keystone habit. It’s the habit that gets you going for the whole day.

Reach Out to Paul Thompson:

  • Email: paul@wincorehomes.com

Thank you Paul for taking the time to share your thoughts how to create a new money mindset.

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 2018

JC 052: Building a Turnkey Investment Empire with Ali Boone

October 10th, 2018 | no comments

The ultimate guide to turnkey real estate investing

Ali Boone is a real estate investor and founder of Hipster Investments, a company that plays the role of “matchmaker” and serves to connect buyers and sellers in the turnkey rental property industry. When you hire Hipster, they will make sure that you receive accurate advice and locate the best property for your budget. Ali is a true real estate entrepreneur and has written over 170 articles for Bigger Pockets and sold over 200 copies of her Turnkey Rental Properties 101 eBook.

Ali worked as an aerospace engineer prior to pivoting into a career as a full time real estate investor. Despite the exciting job description, the life of a 9-5 worker just wasn’t cutting it for Ali. She began investing in turnkey investment properties on the side as both a hobby and a way to earn extra income. As Ali’s side gig grew, others took note, so she started a referral business that eventually paved the way to Hipster Investments.

Ali Boone steps into the Real Estate Locker Room to share how she managed to shift from working in the corporate world to becoming a full time real estate investor. Ali reveals the story of what made her quit the corporate life, how she prepared to exit her full time job and challenges she faced during her first days as an investor. She talks about the benefits of turnkey real estate, how Hipster Investments operates and what value that she offers to customers. Don’t miss out on Ali’s pro tips for those wanting to get their feet wet with turnkey property investments.

Five Key Points:

  1. Work with the middlemen. They don’t charge anything and you get expert advice.
  2. Struggling is part of the process of being successful.
  3. The real estate game is not always roses and rainbows.
  4. Only connect people to deals and companies you can trust.
  5. In connecting buyers and sellers, being a friendly face helps facilitate a smooth transaction.

Favorite Athlete:

  • Pat Summitt –  WNBA coach

Favorite Sports:

  • Basketball, Softball, Rugby, Rowing, Tee-Ball

Favorite Book:

Pro tip:

  • Never look back, no matter how stressful your dream job gets.

Reach Out to Ali Boone:

Thank you Ali for taking the time to share your expert advice on how to get started in turnkey investments.

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 2018

JC 051: Meet the Sexy Boss with Heather Havenwood

September 19th, 2018 | no comments

How an entrepreneur learn to “take a hit” and get back up

Heather Havenwood is a serial entrepreneur, influencer, and marketing ninja. She owns multiple companies, including Havenwood Worldwide and Sexy Boss Inc. Heather has extensive experience in sales, offline and online marketing, personal coaching, and real estate. Heather was recently named one of the “Top 50 Must-Follow Women Entrepreneurs” by Huffington Post and is the author of the book Sexy Boss.

Heather Havenwood joins John Carney on The Real Estate Locker Room to share how her action- packed career has grown and evolved since getting started in 1999. Heather describes her humble beginnings and how being a “go-getter” enabled her to thrive in the male-dominated industry real estate game.

You will learn how to be resilient and how Heather recovered from the many setbacks she encountered on her entrepreneurial journey. Heather shares her secret recipe for success, her must read book list and the “how to develop the mindset” that a budding entrepreneur should have to taste success in their chosen industry.

Five Key Points:

  1. There are no guarantees whether you’re in real estate or any other career.
  2. If you never give yourself permission to fail you’ll never give yourself permission to succeed.
  3. Begin anew. Don’t wait for a new beginning.
  4. If you want to have a guarantee that it’s going to work and not fail, then don’t try it.
  5. Learning to get “hit” in business will let you know how to recover and eventually conquer.

Favorite Team:

  • The Dallas Cowboys

Favorite Sports:

  • Drill Team, Bodybuilding

Favorite Book:

Pro tip:

  • Meditate every day, even for just a few minutes, to keep you calm and clear your mind.

Reach Out to Heather Havenwood:

Thank you Heather for taking the time to share your thoughts on the importance of failure in building a successful business.

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 2018

JC 050: The 50 Episode Recap with Kirk Lintern

September 5th, 2018 | no comments

The common threads of success in 50 Episodes

Kirk Lintern and host John Carney take a look back at some of the highlights of the first 49 episodes of The Real Estate Locker Room Show.

Kirk Lintern is the President of the Lintern Corporation, an air conditioning business that pioneered the severe-duty air conditioning industry over seventy years ago. Lintern Corporation sells and services the primary metal industry, mining, utilities, chemical processing plants, and other large scale industries in over sixty countries. Kirk joins us in the locker room for this 50th episode special to interview me, your host John Carney.

Kirk dives into some of the lesser-covered topics in real estate and fires away with his unanswered questions relating to the first 49 episodes. I share my thoughts on strategies like AirBnB; why I think they are viable and scalable, and how they disrupt the big hotel industries. We also explore the important aspects of who to hire when starting out and how to scale your real estate investing business. This special episode highlights the common threads of success that I have learned from all of my previous guests.

 

Five Key Points:

  1. A good partner and a good mentor are the key ingredients to success.
  2. The single family home is the logical starting point in real estate.
  3. Real estate is a viable and scalable business.
  4. You should be able to recruit an A-Team in any market regardless of where you live..
  5. There’s always a problem to solve and problems are generally opportunities to improve.

 

Favorite Athletes:

  • Kirk – Bo Jackson, American Baseball and Football player
  • John – Tony Hawk – Pro Skater; Kelly Slater- Pro Surfer

 

Favorite Sports:

  • Hockey, skateboarding, surfing & skiing

 

Favorite Book:

 

Pro tip:

  • When scaling, what you really need first is a great partner.

 

Reach Out to Kirk Lintern:

 

Thank you everyone for tuning in to this special 50th episode of The Real Estate Locker Room Show.

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 2018

JC 049: The Competitive Lender with Lindee Flater

August 8th, 2018 | no comments

Exploring the Intersection of Sports and Business

Lindee Flater was born competitive. In this episode, we go behind the scenes with Lindee to understand a typical, commercial loan transaction. She explains how lenders are conservative by nature and how you have to look at every deal from both the lender and borrower’s viewpoint. Lindee also shares her experience running a single-family, fix and flip business and how it helpers her better service her clients in the financial industry.

Lindee prides herself on always being in the mood to compete. Being competitive is something she was born to do and was a four-sport athlete during school. Her fierceness on the field transitioned to her profession in commercial lending with a work ethic and determination to deliver results.

Lindee is the Director of Lender Relations at Pinnacle Financial Group, Inc, a business that provides a full range of receivable management services for the commercial and consumer marketplace. Lindee has fifteen years of experience working with investors, developers, and institutional capital sources. She holds a B.A. in Finance from the University of Northern Iowa with a focus on Real Estate.

Five Key Points:

  1. The biggest hurdle a borrower has is realistic expectations.
  2. Educating borrowers from day one makes the transaction run smoother.
  3. You have to know both sides: Understand where the market is on rent and know where the market is on sales.
  4. Establishing a daily routine helps with work-life balance.
  5. The more disciplined you are with your routine, the more free time you will have in your life.

Favorite Athletes:

  • Michael Jordan, Chicago Bulls Superstar

Favorite Sports:

  • Volleyball, Track & Field, Basketball, Softball

Pro tip:

  • Real estate is an instinct game. It’s not science, it’s an art. Never doubt yourself and go after it.

Reach Out to Lindee Flater:

Thank you Lindee for taking the time to share your expert advice on facilitating lending transactions.

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 2018