Mon, 25 October 2021
You may have heard the idea that only 20% of what we do in business produces 80% of the results. And it follows that if you identify the right 20% and focus on that, you can scale a syndication business fast. But what does that look like in practice? How do you apply the 80/20 rule to make decisions around how to spend your time? Endorsed by Forbes and Inc. Magazine, Perry Marshall is one of the most expensive business strategists in the world and the creator of the world’s largest science research challenge, the $10M Evolution 2.0 Prize. Perry’s reinvention of the Pareto Principle is published in the Harvard Business Review, and he is the author of eight books, including 80/20 Sales and Marketing and Memos from the Head Office. On this episode of the Financial Freedom with Real Estate Investing, Perry joins cohost Garrett Lynch and me to explain the concept of the Pareto Principle and discuss how it applies to real estate syndication. He describes how we can leverage the 80/20 pattern to scale an investing business, challenging us to focus 50% of our attention on the right 1% of our investments. Listen in for Perry’s advice on identifying and marketing to the right investors and learn how YOU can use the 80/20 rule to prioritize your time as a multifamily syndicator! Key TakeawaysThe concept of the 80/20 principle
Perry's realization re: the fractal nature of 80/20
How a syndication businesses can scale using 80/20
How to identify the 20% of investors to focus on
Perry’s insight around the 20/120 rule of business
The message in Perry’s book Memos from the Head Office
Connect with Perry MarshallResourcesRegister for Michael’s Platform Builders Masterclass Learn More About Michael’s Mentoring Program Join the Nighthawk Equity Investor Club Financial Freedom with Real Estate Investing by Michael Blank 80/20 Sales and Marketing: The Definitive Guide to Working Less and Making More by Perry Marshall ‘80/20 Is a Fractal Law of Nature’ in Harvard Business Review Ultimate Guide to Google Ads by Perry Marshall, Mike Rhodes and Bryan Todd Ultimate Guide to Facebook Advertising by Perry Marshall, Keith Krance and Thomas Meloche
Direct download: Financial_Freedom_with_Real_Estate_Investing_EP289.mp3
Category:Commercial Real Estate -- posted at: 1:00am EDT |
Mon, 18 October 2021
Most people wait until they need something to start networking. But it’s a real challenge to talk people into helping you when they haven’t heard from you in years. On the other hand, if you make networking a priority and ‘dig the well before you’re thirsty,’ those connections become true friends who fight for you when you need it. Jordan Harbinger is the host of iTunes Top 100 ranked The Jordan Harbinger Show, a podcast where he interviews the world’s top performers, including legendary actors and musicians, intelligence operatives, professional athletes, iconic writers and other visionary change-makers. Jordan is best known for creating one of the leading self-development programs in the world, with a special emphasis on social capital and relationship building. On this episode of Financial Freedom with Real Estate Investing, Jordan joins cohost Garrett Lynch and me to share his proactive approach to networking, explaining why it’s crucial to build relationships before you need them. He offers insight on making connections with A-listers and other high-net-worth individuals, challenging us to provide value and be ‘politely persistent’ for as long as it takes. Listen in for Jordan’s advice on starting over after the breakup of a business partnership and find out why relationships are the best insurance policy money can’t buy. Key TakeawaysHow to find the right level of fearlessness and curiosity
Jordan’s transition from law to entrepreneurship
Jordan’s proactive approach to networking
How Jordan builds relationships with A-listers
How Jordan provides value to celebrities
How Jordan started over after a business breakup
What lessons Jordan learned from starting over
Connect with Jordan HarbingerResourcesLearn More About Michael’s Mentoring Program Join the Nighthawk Equity Investor Club Dig Your Well Before You’re Thirsty: The Only Networking Book You’ll Ever Need by Harvey Mackay
Direct download: Financial_Freedom_with_Real_Estate_Investing_EP288.mp3
Category:Commercial Real Estate -- posted at: 1:00am EDT |
Mon, 11 October 2021
If I could go back in time, I’d return to 2010 and take advantage of the big buying moment in real estate at the time. But Ronan McMahon argues that if you set your sights beyond the States, there are circumstances like that at play somewhere in the world right now—if you’re willing to invest in international markets. Ronan is a contributing editor at International Living and founder of Real Estate Trend Alert, a newsletter where he explores investment opportunities from all over the world. Ronan spends six months of the year on the road, looking for the best real estate investments around the globe. He is also the author of Profit Principle: An Insider’s Guide to Doubling Your Money in Real Estate Overseas. On this episode of the Financial Freedom with Real Estate Investing, Ronan joins cohost Garrett Lynch and me to explain why investors should consider diversifying with international real estate. He offers insight on the international markets he likes right now, describing how to invest in the path of progress and choose projects with significant upside potential. Listen in for Ronan’s advice on partnering with trusted operators in other countries and learn how his team connects investors with opportunities overseas. Key TakeawaysHow Ronan got into international real estate investing
Why investors should consider international real estate
Ronan’s advice on shortening your learning curve
Ronan’s insight on securing financing in international markets
The international markets Ronan likes right now
How Ronan’s business model is set up
Ronan’s advice on navigating the legal system in other countries
How Ronan’s team navigates regulatory issues outside the US
Connect with Ronan McMahonResourcesLearn More About Michael’s Mentoring Program Join the Nighthawk Equity Investor Club Access Michael’s Blueprint to Your First Multifamily Deal Training
Direct download: Financial_Freedom_with_Real_Estate_Investing_EP287.mp3
Category:Commercial Real Estate -- posted at: 1:00am EDT |
Mon, 4 October 2021
You might think it would be easy for a well-known flipper to transition to multifamily. But the truth is, a successful career in single-family does NOT translate to the world of apartment building investing. So, how do you make the leap from single-family rentals and flips to multifamily investor? J Scott serves as Partner at Bar Down Investments, a multifamily investing firm with a portfolio of 1,000 units. J got his start in single-family real estate and built a reputation in the flipping business, rehabbing 500 properties and authoring four bestselling books in the BiggerPockets library. And then 18 months ago, J made the transition to multifamily investing. On this episode of the podcast, J joins cohost Garrett Lynch and me to share what inspired his move into multifamily and explain why flipping houses is not the path to financial freedom. He opens up about lacking credibility in the multifamily space, offering insight on how to get brokers to trust you if you’re new to the game. Listen in to understand the 3 things you need to get investors to work with you and learn how to build a reputation in the multifamily space—with or without prior real estate experience! Key TakeawaysHow J got into the real estate space
What inspired J’s transition to multifamily
Why flipping houses is not the path to financial freedom
Why it took J so long to make the shift to multifamily
What J did to compensate for his lack of credibility
How to get brokers to trust you if you’re new to multifamily
J’s advice for investors considering a shift to multifamily
The benefit of having single-family experience
The 3 things you need to get an investor to work with you
How to differentiate yourself from bigger operators
Connect with J ScottResourcesJoin the Nighthawk Equity Investor Club Learn More About Michael’s Mentoring Program Access Michael’s Blueprint to Your First Multifamily Deal Training Financial Freedom with Real Estate Investing by Michael Blank Rich Dad Poor Dad by Robert T. Kiyosaki How to Win Friends & Influence People by Dale Carnegie
Direct download: Financial_Freedom_with_Real_Estate_Investing_EP286_v2.mp3
Category:Commercial Real Estate -- posted at: 1:00am EDT |
Financial Freedom with Real Estate Investing
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