REIClub | Real Estate Investing Podcast

When you're flipping a house, do you REALLY need to pull a permit?

On Justin's first flip he didn't pull a permit and tried to do his renovations quickly, which makes for a great story for us to learn from. Let's just say his answer to the age old question has flipped around since that deal. 

Justin is the head of Ballpoint Marketing and Call Porter, two companies they use in their own real estate investing businesses (operatin...

Brad Chandler knew he never wanted to work for someone else, so when an investor flipped Brad's neighbor's house he saw the potential. So every night after putting his son to bed Brad would place bandit signs and hand address envelopes to find his first deal. After a few months he still didn't have a deal, but he stayed persistent and after 8 months of searching he landed 6 deals and quit his job.

That's when a few tips from his ...

What are the pros and cons (or downsides) of real estate investing?

The pros of real estate investing are pretty well known, the ability to use leverage (debt) to buy properties that generate passive income (cashflow) that also appreciate in value (equity) while giving tax benefits (depreciation).

But every investment has its cons, some of real estate's downsides are market volatility, bad tenants, vacancies, maintenance, and legal...

Scammers are just a part of life, but Dean Rogers learned how to do 'deeper' due diligence after he got burned by a known criminal. Dean lost $180,000 but sees how he could have avoided it by trusting his gut and making a few more phone calls to other people involved in the deal.

Con-men (and Con-women) know that most people want to trust other people, and they abuse that trust to scam people. To avoid scams in real estate (or anyw...

As someone who embraced legal lease options in Texas, John took advantage of the opportunity the regulation created. From working with one or two FSBO sellers to eventually scaling up and moving hundreds of properties every year, John was named the King of Lease Options by Joe McCall himself.

But all of that business success set John up for some painful failures, so John thought back to his time as a stock trader came up with the...

The #1 thing wholesalers need to do is shut up and LISTEN!

Sorry if that sounds harsh, but most wholesalers usually race to the contract instead of being quiet, listening, and building an actual relationship. We all know "The fortune is in the follow-up", but most wholesalers call their sellers to "check-in" or "follow-up" and sound like a stereotypical salesperson. 🤮

When you listen to your potential sellers' problems, it mak...

You don't get rich working a 9-5 because that game is rigged. Rich people don't play that game.

We all know that investing in real estate is a great way to build wealth, but to ensure you keep as much of that wealth as possible you need to cheat. What the wealthy do is 100% legal, but it feels like a cheatcode because it helps them avoid the #1 wealth destroyer.

TAXES.

Real estate investing comes with a bunch of tax breaks and i...

Immigrant. Homeless. Determined. Successful.

Ray Zhang achieved The American Dream for himself and his family through hard work, persistence, and real estate investing.

Ray moved to America back in 2012 and while he landed in paradise, his life wasn't smooth sailing by any means. He became homeless quickly, but through his persistence he was able to start flipping & reselling furniture & cars to get by. With that kind of work ethic...

Growing up Bob Lachance had one goal, to play professional ice hockey. 

So in the summers Bob worked as a go-fer in his family's construction company (Going for lumber, or screws, or coffee.) While he didn't go into the family business, it did plant the Real Estate Bug in the back of his mind while he was doing this...

But hockey careers don't last forever, so eventually Bob had to start thinking about his next career. As he th...

Jimmy Vreeland went from being an active duty Army Ranger (thanks for your service Jimmy!), to concentrating on building passive income thanks to Robert Kiyosaki's little purple book. His first deal wasn't a home run at first, but the longer he held it the more he realized it was turning into a grand slam.

And that's what he loves about real estate, as a long-term asset it's almost impossible to screw up. You just need to buy at a ...

Like so many Real Estate moguls, Eric Brewer got his start in a completely different industry. After serving in the Army, he transitioned to civilian life quickly by taking an entry level job as a Lot Porter.

But his work ethic quickly earned him a promotion to Assistant Service Manager and eventually Service Manager. Then on June 17th he took a job as Salesman, a...

A lot of us get into real estate investing to build more wealth or achieve more financial freedom than a regular job can provide. But even when your real estate income is more than your W2 salary, it's hard to quit your job!

That's what Daniel Kong experienced as his real estate career took off. He was ready to quit his 6-figure Software Developer job, but the safety & stability of the guaranteed paycheck was hard to walk away fr...

Mike Singletary is a rare type of person. First as a bald, straight hairdresser. Then as a real estate investor who would lose money to keep his word.

Mike was so excited to get his first wholesale deal under contract that he sold it to the first cash offer he got. And when the second offer was a 10X bigger assignment fee, he knew the COST of breaking his word was much higher than the PRICE of the bigger assignment fee.

So he honor...

We all felt the effects of the Great Recession of 2008, but few of us had a front row seat to the chaos and the pain it caused. Brad Gibb is one of those people. In 2007 he had just landed his dream job at Goldman Sachs and felt like he was on his way to achieving the American Dream.

Then it all came crashing down on a crisp fall morning in 2008.

As Lehman Brothers collapsed, so did Brad's trust in Wall Street. All of a sudden, con...

Do you dread the sound of your alarm clock? Do you hate waking up and going to your job? Even if you're making 6-figures you can still be a multi-miserable-aire. That's what Brian & Lynette slowly realized, THEY HATED THEIR JOBS.

Deep inside Brian felt he was making good money, but had no freedom. Lynette was the top sales rep in the nation, but she felt like she was missing her childrens’ childhood. Working late nights, weekends, ...