It goes without saying that in the real estate business, we must know how to work with people all the while determining who to work with. Trusting one company to do the works may seem to be the safest way to go, however, Cary Love points out that we must consider the possibility of inconsistent quality of services rendered, the dangers of sob stories of contractors just to flesh in more cash, and how the contact person may vanish, leaving you hanging. In this episode, Cary talks about the horror story of working with irresponsible contractors, the lessons he learned, and how he overcame these mistakes.

[00:01 - 04:49] Opening Segment 

• I welcome today’s guest, Cary Love
• How he got into the real estate business to retire at 44

[04:50 - 12:07] The Dangers of not Being Hands-On Enough

• When things aren’t going as smoothly as they seem
• Issues on working with irresponsible contractors
• The contact person may vanish or the quality may diminish

[12:08 - 22:17] Steps to Finding Consistent Contractors

• Recognizing the changing parameters in contractor work
• Giving chances for smaller companies to do the job
• Allow time for healing  from mistakes to build a solid foundation

[22:18 - 24:48] Closing Segment

• Creativity solves problems
• Final words

Connect with Cary via Linkedin: https://www.linkedin.com/in/caryjlove/

Tweetable Quotes:

“This has always been my fear and multifamily. When you're doing a deal, if you don't have a proven team, right, if you think you're just gonna go out and grab a contract off the street to do the turns on your property that’s got bridge financing on it, I think you're setting yourself up for failure just because you don't know if that company is going to perform at the level that you need them to perform.” - Jerome Myers

“If you make a mistake, because you will make a mistake, you can look at your financial information and look at it and say, ‘Hey, in three years, what does this look like?’...’What will it look like in five years?” - Cary Love

“You know, one of the things is that time has a way of healing mistakes.” - Cary Love

Learn more about Myers Methods of Multifamily Investing: http://bit.ly/37u6oK3

Register for Myers Methods Multifamily Investing Course: https://bit.ly/37iozkB

Learn more about the Mid-Atlantic Multifamily Conference: https://bit.ly/2V7SlCC

Support the show (https://www.facebook.com/groups/157335752156211/)

While the potential for growth in the real estate business is staggering. Once you are in it and witness how much you can scale, it can be tempting to keep going. That’s definitely possible, however, in today’s episode, Mike Morawski reveals his story and reminds us of the dangers of not trimming loose ends in implementing business strategies. Hear how he managed the drastic uphills and downhills of the industry from its early parts and how those impacted his life all throughout.

[00:01 - 05:01] Opening Segment

• I welcome today’s guest, Mike Morawski
• How he sold his business and stumbled upon real estate

[05:02 - 12:16] The Significance of Information Disclosure to Investors

• The sudden shift in the market and the 2008 bubble
• Mike shares his struggles as a multi-business owner
• From being convicted for wire fraud to becoming a commendable real estate coach

[12:17 - 29:47] The Repercussions of Scaling Too Quickly

• The intentions may be good, but it’s important to check on the manner
• How Mike figured out the real estate systems at the early stages
• The contributory factors to realize in building confidence before scaling up

[29:48 - 27:56] Closing Segment

• How to position yourself towards proper execution 
• Final words

Tweetable Quotes:

“I had a guy walk up to me and said, ‘Hey, don't let these people beat you. All they want to do is take everything from you. And they can take your real estate, they can take your cars, they can take your business, they can destroy your family, but what they can't take is what you're made up of.’ ” - Mike Morawski 

“[The investors] may panic, but be willing to just say, hey, we're in business. Business doesn't always go as planned. Here's what happened. We want you to be a part of the solution. I think that's something that I think more of us can do.” - Jerome Myers

Learn more about Myers Methods of Multifamily Investing: http://bit.ly/37u6oK3

Register for Myers Methods Multifamily Investing Course: https://bit.ly/37iozkB

Learn more about the Mid-Atlantic Multifamily Conference: https://bit.ly/2V7SlCC

Support the show (https://www.facebook.com/groups/157335752156211/)

Reassuring ourselves of a good deal is not as simple as determining the potential future value appraisal. It comes with consideration of varying aspects and the market cycle is one of them. David Lindahl discusses the importance of recognizing the patterns of the market and using such observations to elevate our decision-making process in property acquisition. Just as how the flow of trends goes, there exists a method to effectively evaluate deals further.

[00:01 - 05:24] Opening Segment 

• I welcome today’s guest, David Lindahl
• How he moved from small to big property acquisitions in the emerging markets

[05:25 - 11:50] Understanding the Full Cycles of the Market

• The ultimate advantage of grasping the market transitions
• Where people go wrong in assessing the market cycle
• David shares his experience as an author and the pursuit of making his parents proud

[11:51 - 29:24] Revamping Deal Selections and Finding Partners

• David shares his first deals and finding his first investor
• The heavy influence of market cycles in household formation
• The dangers of disorderly inventory and lack of risk assessment

[29:25 - 35:14] Closing Segment

• Have the right mindset and overcoming your limiting beliefs
• Final words

Tweetable Quotes:

“Now, if you understand the full cycle of the markets, the four phases, the transitions, and what strategies to be using during each phase, which is explained in the book, then you can sit in your own backyard and make money in each particular phase with the right strategies. The key is recognizing the transitions. That's where people usually go wrong.”  - David Lindahl

“This first deal is gonna be the hardest, you know, but if you get through the obstacles and get through your limiting beliefs and get it done, oh, it's like the sky opens up, the sun shines down, you love life gets better, and your face clears up. It's just a beautiful thing.” - David Lindahl

Learn more about Myers Methods of Multifamily Investing: http://bit.ly/37u6oK3

Register for Myers Methods Multifamily Investing Course: https://bit.ly/37iozkB

Learn more about the Mid-Atlantic Multifamily Conference: https://bit.ly/2V7SlCC

Support the show (https://www.facebook.com/groups/157335752156211/)

Let’s get into it to get a deep dive into some of the harsh truths of real estate and how to overcome them.

[00:01 – 06:02] Opening Segment

• Jerome talks about his background.
• Three things that you want to do before you quit your job to get in real estate
• To get more of that check list

Link below

[06:02 – 20:20] Education in Real Estate

• What Jerome went through with the banks
• The importance of education
• What should people be looking for to find the right educators
• The importance of getting to know the person that you want learn from
• Figuring out your why as a student
• The lack of diversity in real estate investing

[20:20 – 32:17] Incomplete Solutions

• Jerome talks about incomplete solutions.
• How having the mindset is important but not sufficient to succeed.
• The importance of networks.
• Jerome’s talks about the context of his podcast, his conference and his course and coaching services.
• Contact Jerome

Link below.

[32:17 – 37:49] Bullseye Round

Apparent Failure:

Not being able to get his first deal done.

Digital Resource:

Calendly

Most Recommended Book:

Sizing People Up

Daily Habit:

Running

Curious About:

Interest rates

I Wish I Knew When I Was Starting:

Getting educated

Best Place to Grab a Bite in Greensboro - North Carolina

Scramble

Contact Jerome:

His podcast, details about his conference, his coaching and courses can be found at: jeromemyers.com

Tweetable Quotes:

“The banks don’t invest in dreams. They invest in proven business plans with experienced operators.” - Jerome Myers

“When you are unconsciously incompetent, your are in that space of ‘I don’t know what I don’t know.’” - Jerome Myers

Thank you for joining us for another great episode! If you're enjoying the show, please LEAVE A RATING OR REVIEW, and be sure to hit that subscribe button so you do not miss an episode

Support the show (https://www.facebook.com/groups/157335752156211/)

The realms of real estate can be appealing especially in the aspect of monetary gain. In reality, there is more to it than that - it is not simply about acquiring low and selling at a high price. To experience more rewards, we must be willing to do the hard work and give value to our product. In this talk, Josh Cantwell stresses the importance of not relying on the “MVP”, recognizing that money is king, and breaking down the dangers of merely getting a deal done. And all the while acknowledging the goal of the hustle - financial freedom - and ultimately, satisfaction in life.

[00:01 - 03:52] Opening Segment 

• I welcome today’s guest, Josh Cantwell
• How he got into real estate

[03:53 - 14:51] Realities of Attaining Financial Freedom

• The meaning of financial freedom and its challenges for entrepreneurs
• Josh talks about his deals and the threat of COVID-19
• The considerations in building a solid business model

[14:52 - 28:48] Dangers of Rushing the Deal

• The real MVP in real estate investing
• What tenants truly care about
• Why being on time yet going over budget is better 

[28:49 - 34:45] Closing Segment

• The truth about business - money is king
• Final words

Tweetable Quotes:

“And the big challenge for every entrepreneur in today's market is to sit and think about what they're really trying to do, and realize that yesterday is gone. .” - Josh Cantwell

“ You do the hard work. That's where the MVPs are at… Why is somebody gonna pay you more rent, if you're not giving them a better product? Simple as that.” - Josh Cantwell

“I was passionate about what I was doing. I was loving it. So if I literally had my number calling, I was off the face of the earth that year, I would have been okay with that. Because I was doing what I love. I was having fun with it.”  - Josh Cantwell

Learn more about Myers Methods of Multifamily Investing: http://bit.ly/37u6oK3

Register for Myers Methods Multifamily Investing Course: https://bit.ly/37iozkB

Learn more about the Mid-Atlantic Multifamily Conference: https://bit.ly/2V7SlCC

Support the show (https://www.facebook.com/groups/157335752156211/)