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Real Estate Success With Jim Ingersoll

Real Estate Success Podcast is real investors telling their story of the peaks and valleys that led to their real estate success! Learn about what success is, why you want it and the journey you will take on your way to achieving amazing results. Real Estate Success Podcasts cover all aspects of real estate including realtor strategies, wholesaling houses, flipping houses, creative financing, private lending, self-directed IRAs and more! Each episode will expand your thinking and help you succeed massively. Join your host, real estate investor, author and entrepreneur, Jim Ingersoll, as he shares his vast knowledge of successfully implemented strategies, techniques and tips. Each weekly podcast guest will introduce you to a variety of successful business people involved in various areas of real estate.
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Now displaying: October, 2019
Oct 29, 2019

Ready to dig into your #'s?

In this weeks podcast, Jim talks to David Richter and Jon Cruz of Simple CFO Solutions about the importance of knowing your numbers and keeping your books in order.

This week's podcast is packed full of important information.... all in under 30 minutes! Here are some of the highlights:

Note: This discussion frequently refers to The Profit First Systems ("Profit First" by Mike Michalowicz)

  • The importance of keeping money in separate accounts allows you to see profit and expenses more clearly (and accurately)
  • The importance of having a system and structure to manage your money
  • Real Estate Investors: Why you should keep Investor/Lender Funds separate from other accounts
  • Landlords: Why the security deposit should be kept in it's own account and should not be used as working capital
  • How Simple CFO Solutions works with their clients to help them implement a profit system and with work through challenges like hiring, property management, project management, acquisitions and closings
  • The time investment of setting up separate accounts is minimal but important. Taking this step first will ensure less stress over finances and lets you focus on the WHY (the reason you're in business)
  • What are the key issues that investors have struggle with financially?
  • What your balance sheet should look like
  • Recommended Read: "Less Stress More Profit" by David Richter

 

Follow on Jim on:

Instagram: instagram.com/jimingersoll
Facebook: facebook.com/groups/RealEstateInvestorSuccess
Twitter: twitter.com/investforever

Join Jim Ingersoll at Deal Maker "LIVE" dealmaker2020live.com  February 6 - 8, 2020 in Richmond, VA

Oct 25, 2019

Creative Real Estate Deals From Duplex's To Self Storage With Mike Hicks.

Mike started buying rentals at the age of 19 and has never stopped buying real estate since!

The journey from duplex to self storage began when Mike saw a fixer upper duplex on a rural route. He contacted the bank that owned them and bought 2 duplex's for $72k.

Mike is attracted to opportunities.

He was driving for dollars and found another duplex. He likes to follow Bill Cooks methods of tracking down the owner and going to their house to knock on the door and create a discussion about buying the property with seller financing.

He began the discussion about seller financing. The seller and Mike talked about Boy Scouts for 45 minutes building rapport with the seller. Bill teaches that you should focus on terms more than price and Mike negotiated seller financing for 3% interest on 3 duplex's.

Those 3 duplex's led to the opportunity to create the financing to purchase the self storage facility. He had persistently followed up with the seller of the self storage for 3 years. He had plans to walk the seller financing from the duplex's to the self storage but ran into some obstacles which created a change in his strategy. Mike created seller financing on the self storage which included no payments for the 1st six months.

The self storage had people living inside some of the climate controlled units, some units were rented below market and some had never been locked out. Mike resolved the issues as he encountered them and created a really sweet deal as he repositioned the facility!

Follow on Jim on:

Instagram: https://www.instagram.com/jimingersoll/
Facebook: https://www.facebook.com/groups/RealE...
Twitter: https://twitter.com/investforever

Join Jim at Deal Maker 2020 Live!

http://www.dealmaker2020live.com

February 6 - 8, 2020 in Richmond, VA

Oct 2, 2019

This week's episode, Jim talks with his long-time friend, Dr. David Phelps, creator of Freedom Founders. Here are some of the highlights:

  • The journey that lead David to write "The Apprentice Model" A Young Leader's Guide To An Anti-Traditional Life"
  • Don't Wait for "Someday": why it's important to make changes today
  • David elaborates on this line from his book: "To have more impact, we have to become more"
  • The Pyramid of 5 Freedoms for true success in life
  • The Freedom Founders Mastermind: allows members to be impacted with their families
  • Using your network to create the life you want
  • The importance of establishing your inner circle
  • Prep for Wealth Transfer 2.0

 

 

Follow on Jim on:

Instagram: instagram.com/jimingersoll
Facebook: facebook.com/groups/RealEstateInvestorSuccess
Twitter: twitter.com/investforever

See David Phelp's speak at Jim Ingersoll's Deal Maker "LIVE" EVENT: dealmaker2020live.com  February 6 - 8, 2020 in Richmond, VA

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