Jake Dixon: Helping Real Estate Agents Succeed

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Jake Dixon is unapologetically passionate about helping real estate agents that currently close fewer than 24 homes per year, which according to the National Association of Realtors makes up 90% of the population. He is the founder and CEO of The Locker Room Real Estate Coaching & Training organization that partners with broker-owners and their agents to increase growth, retention, productivity and profitability, which has been around since 2016. Jake was selected as one of the Top 50 Real Estate Coaches in 2021 by Agent Fire and was named a Top Real Estate Coach for 2022 by Coach Foundation. Prior to founding The Locker Room, Jake graduated from the University of North Florida and played college and professional baseball. Jake discussed how agents can be successful in this market and how he started and grew his coaching and training organization to be one that is well respected in the industry.

 

In this episode hosted by Mike Swenson, we...

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What Money Can I Use to Invest in Real Estate?

"I don't have a lot of cash on hand, so therefore, I don't think that I can invest in real estate." We hear that objection all of the time when talking with people about investing in real estate. Stop for a minute....pause...and allow your mind to expand and think bigger.

You deserve so much more in your life, and if you let this phrase stop you from unlocking future wealth and freedom, you're limiting your potential.

Top real estate investors aren't any smarter than where you are at today. They've simply taken time to take the puzzle pieces and begin putting the puzzle together.

Funding and financing is a big part of the process, but you may find out you have more options at your disposal to start than you think. Here are a few sources to consider to begin putting your resources together:



Cash On Hand

The reality is that very few deals actually come down to cash on hand that you have sitting in a bank ready to go, but it's obviously one of the options on the table....

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Ralph DiBugnara: The Real Estate Disruptor

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Growing up and struggling financially, Ralph DiBugnara knew that he wanted more for himself. Today he is president of Home Qualified, a digital resource for buyers and sellers, and Vice President of Cardinal Financial. In total, Ralph has helped fund over $40 Billion of real estate loans and manages a real estate portfolio of over $20 Million. He started a series called The Real Estate Disruptors. His program focuses on creating an elite network of industry leaders to help brokers succeed in the social media-driven economy. He also launched a mentoring program for inner-city young adults called "The Generation Disruptor Scholarship Program" to educate students on how to get into the real estate industry, break generational curses, and cultivate leaders in their communities.

 

In this episode hosted by Mike Swenson, we discussed:

  • How Ralph learned the lesson from losing almost everything in real estate and rebuilt his portfolio back up
  • The...
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6 Things To Establish Your Investing Buy Box: Real Estate Investing Tips

When you're investing in real estate, it's really hard to get started. There's so many options of  things that you can invest in. This is why you want to have a BUY BOX.

A buy box is a set of criteria that you're looking at to help you determine if a property is a fit. If you don't have an established buy box, you'll leave yourself analyzing every possible deal at any price point, with any type of investing strategy. Taking this approach will give you "analysis paralysis", and will probably leave you on the sidelines not investing in anything. You want to move forward with the right properties.

What makes up your real estate investing buy box?

1) Type of property: Is this going to be a single-family home? Multi-family home? Mobile home park? Tiny House? Start thinking about the specific types of properties that you want to invest in. You can set up a search through the MLS via a real estate agent, or there are lots of other websites out there where you...

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Lorraine Beato: Flipping The Switch From Agent To Investor

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Lorraine Beato started trading mortgage-backed securities on Wall Street and doing appraisals in one of New York's most affluent counties. Eventually, she got her real estate license and now works in the Atlanta area of Georgia. In addition to being an agent, she's an experienced real estate investor. Encouraging agents to invest in the thing you sell every day, she has a passion for helping agents build their wealth through investing, which inspired her to write the book "Flip The Switch: From Real Estate Agent to Real Estate Investor." She shares her story of growing her investment portfolio, tips for how agents can become investors, and for how she provided unparalleled customer service to her clients by genuinely listening to them and solving their problems.

 

In this episode hosted by Mike Swenson, we discussed:

  • How Lorraine was able to start as an investor and grow her portfolio while still helping clients as an agent
  • How she was...
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Top 3 Barriers To Investing: Real Estate Investing Tips

 

We've worked with a lot of real estate investors, and have conversations with a lot of people that want to be real estate investors. So what's stopping them? Here are 3 of the main barriers we see.

1) People Don't See The Benefit To Pursue It NOW: The key word here is NOW. Logically people understand the benefit of investing in real estate, except you're playing the long game. There is delayed gratification involved. Getting a property today vs a year from now it's going to fundamentally change their financial situation NOW. So they put it off, put it off some more, and some more. Soon you're a couple of years down the road and you're no closer to your real estate investing goals.

This is why it's important to have a sense of urgency with regards to your real estate investing. While you may not see a ton of cashflow today, you have to get the clock started. Assume a property purchased at $250,000 appreciates 7% in a year. In one year time, that property has appreciated by...

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Jon Holsten: From TV Reporter To Law Enforcement To 47 Units His First Year In Real Estate

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When you get into real estate, you have many great transferable skills from other industries you've been in. For Jon, he was a TV news reporter and in law enforcement before jumping into real estate. He had built many great relationships with people that allowed him to close 47 deals and make over $250,000 in gross commission his first year in real estate. Since then he has launched the Holsten Team based out of Northern Colorado and continues to grow his business. In addition, he wants to help people, similar to him, who came from other industries find success in real estate, which led him to launch TopNotch Agents. He's also featured in Larry Kendall's book "Ninja Selling".

 

In this episode with Mike Swenson, we discussed: 

  • How Jon's expertise in his past experience in TV Reporting and Law Enforcement has been helpful to his real estate career
  • Relational versus Sales-Minded Person
  • The most organic way to grow an amazing business
  • What...
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Mike Swenson & Mike Gengler: How To Set Up A Real Estate Syndication

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Oftentimes real estate agents focus on purchasing single-family flips and dip their toes into smaller multi-family properties ranging from 2-4 units. What would it look like to set up a purchase of a 30+ unit property? This week we discuss setting up a real estate syndication to be able to leverage an agents' ability to find great properties and execute on increasing the value of an asset while having passive investors place their money in these syndications. We discuss why a passive investor would be excited to invest in these types of opportunities, building good strong relationships with your investors, finding great properties, setting up a syndication and the process for raising capital, and more. If real estate syndications are something you're interested in, this provides a great overview of the basics for you to get started!

 

In this episode with Mike Swenson, we discussed:

  • Why syndications are an intriguing investment...
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Robin Binkley: Stewarding Other People's Money In Real Estate

 

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The idea of using OPM - other people's money - to invest in real estate seems exciting on the surface. Yet there comes a ton of responsibility to have other people entrust their money with you to help them get the returns they desire. Robin Binkley is the Co-Founder of Real Equity Investment Partners, along with her husband Brett Binkley. After spending a quarter of a century as a nursing home administrator, it's obvious that Robin cares about people and serving their needs. Today she is a real estate investor in a 200 door syndication in Atlanta, GA as well as a Bitcoin mining fund. She is the co-author of the book Next Level Your Life and desires for women and others to gain financial independence and freedom through real estate investing.

 

In this episode with Mike Swenson, we discussed: 

  • Finding leverage when you're both working and raising a family
  • Why your current job is a training ground for your successful future...
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Jim Lee: How To Acquire 600 Units In 2 Deals

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How can you own 600 units in just 2 deals? This is the power of real estate syndication! In this situation you don't own them 100%, but it's a fractional stake in the properties. However, there is a lot of power in the economies of scale and the way the syndication is set-up and run. Meet Jim Lee, who was born and raised in Taiwan and came to the United States at the age of 11. He graduated with a degree in Economics from UCLA in 2010 and began working as a sales rep with LoopNet & Costar, which exposed him to commercial properties. During the COVID lockdown is when he began to explore ways to scale his real estate investment business more quickly and discovered syndications. He formed Formosa Investing and acquired 600 units in Florida, along with other general partners on the deal. Jim shares why syndications are such a powerful asset to investing in and how you can get started in your journey today.

 

In this episode with Mike Swenson, we...

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