Category: "Podcast"

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

JC 071: Charging into the World of Finance with Bruce Mack

July 17th, 2019 | no comments

Empowering Small Business Growth Through Creative Funding Opportunities

Bruce Mack, owner and founder of Platinum Financing Group (additionally Platinum Trust Group), knows that his funding options and asset protection programs are the perfect solution for all business owners to achieve complete financial freedom. As a licensed financial advisor and former owner of a licensed and bonded credit repair company, Bruce empowers small business growth through customized funding options, including lines of credit, corporate credit building programs, and more. He’s especially passionate about educating clients on asset protection and the tax mitigation benefits of his unique, specialized Business Trust.

Bruce Mack joins John Carney today in The Real Estate Locker Room and shares his expertise on how to help you find the right funding option for your business. Tune in and learn how to protect your assets and mitigate your taxes.

Five Key Points:

  1. Preparation is everything. If you don’t plan to succeed, then you’re planning to fail.
  2. Envision and look at and think about your goals every day. This is a perfect way to make your dreams to become a reality.
  3. Two big needs of real estate investors are 1) getting the money and 2) keeping the money. Asset protection is very important.
  4. Single Member LLC or Partner LLC can be pierced and are not your saving grace. You need to focus on protection.
  5. Get a specialized type of trust that has unyielding asset protection and tax mitigation. If you are a “dealer” you will have to pay an unemployment tax. However, if you sell the assets to your trust, you cannot be cast as a “dealer”.

Favorite Sports:

  • Skiing

Favorite Athlete:

  • Rudy Ruettier 

Favorite Books:

Pro tip:

  • If you are not passionate about something or you don’t love it, move on. Find something that is your passion and then absolutely focus on it. Don’t let anyone dissuade you and steal your dream. 

Reach Out to Bruce Mack:

Thank you Bruce Mack for taking the time to share your expert financial advice 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 070: Looking Out to the Horizon with Ben Grey

July 3rd, 2019 | no comments

The Intersection on Technology and Real Estate

Ben Grey founded the New York based real estate investment company, American Properties International LLC, where he helped international investors capitalize on the subprime housing market crash. Ben works with some of the world’s biggest organizations and governments, solving business problems with technology and building his own personal real estate empire. He is one of the co-authors of the real estate investment book, 10,000 Miles to the American Dream.

Ben Grey joins John Carney today in The Real Estate Locker Room to share the story of how he moved from Australia to the USA to work as an IT tech specialist and how he became a successful real estate business owner.

Five Key Points:

  1. Real estate is not an easy business. There are always challenges and opportunities. You need to be active and on the ball.
  2. There are ways to “have your cake and eat it too”. You do not have to quit your day job; you can be a real estate enthusiast on the side with proper time management practices.
  3. There are options to purchase properties in great areas for short-term rentals or traditional rentals that will be cash flow positive.
  4. Look at different properties, figure out the market rents, and do your analysis.
  5. Any time you invest, think about what you want to achieve, the 25 year horizon, and how you are going to get there. Having a 25-30 year plan is a great asset that can produce income.

Favorite Sports:

  • Basketball
  • Australian Rules Football

Favorite Athlete:

  • Michael Jordan
  • Team: West Coast Eagles from Perth

Favorite Books:

  • F.A.C.E. technique to remembering names

Pro tip:

  • Learn how to use your time efficiently to fill it with the activities you want.

Reach Out to Ben Grey:

Thank you Ben for taking the time to talk with us about how you can have your cake and eat it too.

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 069: Get Off the Sidelines with Raphael Vargas

June 19th, 2019 | no comments

Succeeding with Speed, Technology, & Transparency

Raphael Vargas is a mentor, educator and speaker who empowers others to grow leads, close deals, flip contracts, expand to new areas, and build real estate businesses to create more wealth and freedom. Raphael and his team work together to buy and flip commercial and residential properties in one of the most competitive markets in the country (Washington, D.C.). Closing deals that average around $67K net profit and using his unique business model, Raphael’s team is on track to hit $10M annual revenue in 2019.

Raphael Vargas joins John Carney today in The Real Estate Locker Room to Share his personal journey to empowering new leaders and building a successful business.

Five Key Points:

  1. You need get off the sidelines and do it yourself. The key to hiring other people is that you understand the process so well yourself that you are able to communicate it and replicate it.
  2. Hire an acquisition person to make cold calls/take calls from homeowners. Then have your employee sign the homeowner while they are still on the phone.
  3. Compare property prices to what is selling in the area. Find out what the investors are paying, evaluate, and make the offer to the investor.
  4. Speed and transparency is the key to his success. People want simplicity. 80%-85% of his business is done over the phone/digitally.
  5. To scale the company, you need to bring in more people. To bring in more people, you need to have a strong culture. To have a strong culture, you have to be a strong leader. From there you create strong leaders on your team.

Favorite Sports:

  • Soccer

Favorite Athlete:

Favorite Books:

Pro tips:

  • Don’t stay small. Expand!
  • Invest in mentors and consultants.

Resources Mentioned:

  • www.realempire.com

Reach Out to Raphael Vargas:

Thank you Raphael Vargas for taking the time to share your unique sales process, business model and leadership skills 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 068: Putting in the Hard Work with Engelo Rumora

June 5th, 2019 | no comments

There is No Such Thing as Something For Nothing

Engelo Rumora, aka the “Real Estate Dingo” is an Australian native, former professional soccer player, uber successful property investor, motivational speaker and serial entrepreneur. Engelo has been involved in over 500 Real Estate deals equating to over $50 million worth of transactions. He also runs 5 businesses and gives homes to those in need. You can learn more in his upcoming book “The Raw Truth to Success in Real Estate”

Engelo Rumora joins John Carney today in The Real Estate Locker Room to take us on his journey from sweeping floors in Australia to running several successful businesses in Kansas City and Ohio. Learning from his professional soccer career, there is nothing that you can’t do!

Five Key Points:

  1. There is no such thing as an overnight success. You will go through hard times, but if you want to start your journey, all good things take time.
  2. Do not get caught up in fancy seminars or online schemes.
  3. One property does not create financial freedom. You have to work hard and accumulate enough cash to give yourself the best possible chance of success in the real estate market.
  4. Figure out where and what you can do. Go into a market where the numbers do work. The investment comes down to the cash flow.
  5. You have to start! Nothing beats experience, practice, getting your hand dirty, and figuring out what went wrong and learning from your mistakes.

Favorite Sports:

  • Soccer

Favorite Books:

Pro tip:

  • Show up every single day. Don’t stop showing up.

Reach Out to Engelo Rumora:

Thank you Engelo Rumora for taking the time to talk about your journey and success 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 067: Flipping Land with Jack Bosch

May 22nd, 2019 | no comments

Living the American Dream with Land Transactions.

Known as “the Land Guy,” Jack Bosch is a German native, real estate investor, educator, husband, and father. Since 2002, Jack and his wife Michelle, have been buying and selling lots and unimproved land and have flipped their way to financial freedom with more than 4,000 transactions. It only took them 18 months to go from Zero to $1M.

Since 2008, Jack and Michelle have been educating investors who either find houses too challenging or are unsatisfied with the competition and teaching them how to make more money from simple land and lot flips.

Jack Bosch joins John Carney today in The Real Estate Locker Room and takes us on his journey from Germany to the USA and how he started a successful business flipping land.

Five Key Points:

  1. Land is a viable option. You can flip land the same way you flip houses.
  2. It may take some time to get your first deal and you may struggle with no responses from potential sellers. Having a formula that works for you will turn it around.
  3. There are “different kinds of land”. If the land is undeveloped and it is free and clear, you can you can lease, rent, split, rezone, sell it for retail, sell it wholesale, etc…
  4. Focus on the land alone. You do not have to develop the land. Someone else will develop it after you sell it.
  5. Land sales are typically sold directly to consumer and not with a real estate agent.

Favorite Sports:

  • Team Handball

Favorite Athlete:

Favorite Books:

Pro tip:

  • Always keep in mind the 80/20 rule. 20% of your activities are generating 80% of your results.

Resources Mentioned:

Reach Out to Jack Bosch

Thank you Jack for taking the time to discuss flipping land 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 066: Crowdfunding 101: Just the Facts with Mark Roderick

May 8th, 2019 | no comments

Crowdfunding for real estate investors

Mark Roderick is one of the leading Crowdfunding and Fintech lawyers in the United States. Mark speaks across the country representing cross industry participants, expanding on his in-depth knowledge of capital-raising and securities law. Mark represents many portals and other players in the Crowdfunding field. He writes a widely read blog, crowdfundattny.com, which provides readers with a wealth of legal and practical information for portals, issuers and investors.

Mark Roderick joins John Carney today in The Real Estate Locker Room to discuss Crowdfunding and how to arm you with the knowledge to close the deal.

Five Key Points:

  1. Crowdfunding is using the Internet to raise capital and usually only happens when the market is up.
  2. There are 3 flavors of Crowdfunding (Titles refer to different sections) and for the 1sttime in US history, you may advertise all Titles.
    1. Title 2 – Very popular and an active option. Only one rule: only accredited investors can participate. This is based on the foundational principles in American Security laws from the 1930s.
    2. Title 3 – Brand new to the US security laws. Non-accredited investors can participate. However, it does not require FCC approval unlike Title 4. This is an experiment to test if the accredited investors will “fleece” non-accredited investors. Title 3 has many regulations, limits the amount of money you can raise, how much each person can invest (very small amount), among other things.
    3. Title 4- Similar to public offer. Non-accredited can participate but will have to jump through hoops and regulations. Similar to miniature public offering.
  3. The easiest way to approach the Crowdfunding market to already have success and have completed many deals through private clients. Then you can go to the top real estate Crowdfunding sites who already have investors registered.
  4. How do you get a standard rate of return and how do you safeguard it?
    1. Invest only at trusted sites.
    2. Invest in someone who is smarter than you. Use a real estate professional who has vetted the site you want to use and the deal.
    3. Invest in a fund instead of a single deal.
    4. Invest in a reputable site and get some diversification.
    5. Start with accountant and find a great lawyer.
  5. Rate of return and investor offering or receiving: depends on the asset class. Projected returns are going down due to a mature market.

Favorite Sports:

  • Baseball
  • Football
  • Basketball

Favorite Athlete:

  • Roger Maris – Baseball
  • Mickey Mantle – Baseball
  • John Havlicek – Basketball
  • LeBron James – Basketball
  • Tiger Woods – Golf
  • Michelle Chiffon – Skiing
  • Lindsey Vonn – Skiing

Favorite Books:

Thomas Jefferson A Brief Biography by Dumas Malone

Pro tip:

  • Work on what you’re bad at.

Resources Mentioned:

Reach Out to Mark Roderick:

  • Blog: Crowdfundattny.com
  • Twitter: CrowdfundAttny
  • Facebook: GoFlaster
  • Bookings: Bookings@thetalentsquad.com

Thank you Mark Roderick for taking the time to share some actionable advise on crowd funding 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