Lately, we have been getting a lot of requests to do some episodes aimed at real estate investors. While we are technically real estate investors by virtue of the fact that are landlords, we don't feel like we've had enough experience to speak authoritatively on the subject, so we decided to do some research and find guests for the show who know far more about real estate investment than we do.
In this episode, we welcome David Cole to the show who shares with us an amazing tool that isn't very well known yet, but is an incredibly powerful tool for real estate investors and/or people who want to be real estate investors.
The single participant 401(k), commonly known as the "Solo 401(k)" plan gives you as an investor unprecedented access to and flexibility to personally invest the retirement funds you have been building up throughout your life. Do you have a 401(k) from a previous employer? Do you have a traditional individual retirement account that you self-funded? All of these funds can be rolled in to a Solo 401(k), where YOU take the role of trustee, enabling you to have checkbook access to the funds for the purpose of investment.
Listen to this episode as Dave walks us through the background, requirements, and rules of this option that all investors should know about!
Dave can be reached at:
Website: http://www.freedomfirst401k.com
Phone: 928-350-8368
Email: dave@freedomfirst401k.com
In today's episode we interview Mike Michalowicz, author of 4 different business books. We had no intention of turning our conversation into a Commandment, but Mike shared so many great insights that we had to do it. Mike is the author of Surge, Profit First, The Pumpkin Plan and the Toilet Paper Entrepreneur. He is also a popular keynote speaker and successful podcaster.
Mike built and sold two multi-million dollar companies by his 35th birthday. Confident that he'd discovered the secrets to success, he became an angel investor... and proceeded to lose his entire fortune. Now building his third multi-million dollar company based on the thesis of Profit First, Mike shares his insights with us on the program.
Although Mike shared a lot of insights and fascinating stories in and about his books, we thought his advice from The Pumpkin Plan was spot on for real estate agents. In order to get noticed, you have to be different! You shouldn't expect to gain the attention from the marketplace by being exactly like every other real estate agent out there, you have to be different in order to get noticed.
Think about it - the human brain is conditioned over millions of years to notice things that are out of the ordinary. If you're watching a freeway with car after car whizzing by, you'll get bored pretty quickly. Wouldn't a person riding a giraffe down the freeway immediately grab and hold your attention? Of course it would!
Remember though, being different doesn't guarantee success, it only guarantees that you'll get attention. What you do with that attention depends on you!
At the end of the episode, Mike fills us in on his hit book, Profit First, and talks about the critical takeaways from that book that can be applied to every real estate agent out there. If you're struggling in your business, whether it's in real estate or any other business, give this episode a listen, you won't be disappointed!
Connect with Mike:
Website: http://www.mikemichalowicz.com
Podcast: http://www.mikemichalowicz.com/category/profit-first-podcast/
YouTube: https://www.youtube.com/results?search_query=mike+michalowicz
Books: Surge - Profit First - The Pumpkin Plan - Toilet Paper Entrepreneur
Come spend some time with us while we heckle a close friend and new build buyer, Scott Sniderwin. Scott recently purchased a new build home here in the Houston area. Although Scott is now a regular listener to the show, we hadn't started the podcast at the time he was buying, so he wasn't plugged in to the commandments, and his real estate story turned into a horror story.
Luckily for Scott, he is persistent, and as he put it “a real pain”, so he kept fighting to get things done properly on his new build home. He walks us through his story of building a new home from contract to final closing to his warranty period.
Listen to the podcast to hear all of the details and how he got things fixed, and what he could have done to protect himself from the get-go.
Recently, we received a listener mail that had a great question: "How will rising interest rates impact the real estate market?"
Since we aren't financial experts, we decided to call in reinforcements in the form of Patrick Morales. Before becoming a Loan Originator, Patrick was a Financial Planner, so we thought he would be a great person to answer this question.
During the discussion, Patrick shares with us what you as a buyer can do to prepare for higher interest rates to take the best advantage of the situation.
He also shares some very useful information for anyone who currently owns a home who had a loan modification done in the last 5 years. If this is you, don't miss this episode!
You can reach Patrick at 832-639-3350 or by email at pmorales@cenderafunding.com.