Just Start Real Estate with Mike Simmons

Welcome to this version of the Just Start Real Estate Podcast! I am excited to bring you another replay of my Facebook Live Question and Answer sessions. I just started doing these live forums in April and they are going so well and I am getting such great feedback and questions, I thought I would share them here on the podcast. Especially for those people that are unable to join us live, this will provide an opportunity to hear the awesome questions I am fielding about business, taking risks, real estate, and so much more! Some of the questions have been very real estate specific, but others have been general business questions, like asking about overcoming fear in order to get started and how to successfully scale. I have also received more personal questions like how I decided real estate investing was right for me and the steps I took to get my business off the ground.

 

This presentation is the live Q&A that I did on May 26th and each week on Thursday we will offer you another chance to take advantage of listening to the answers to our guests’ fabulous and compelling questions! Don’t miss this new episode of the Just Start Real Estate Podcast!




Notable Quotes:

 

“There are a lot of different ways to be financially free, but real estate was the best choice for me.”

 

“Being financially free means different things to different people.”

 

“I’m finding a high volume of deals that I am able to sell to other people who don’t have the time, money, or the knowledge to find deals for themselves.”

 

“A wholesale company is really a sales and marketing company.”

 

“Really networking hardcore can be a great way to find deals without spending money.”

 

“The person you hire first should probably be for the part of your job you hate the most.”

 

“If I am going to invest in anything, I go all in once I have done a reasonable amount of research.”

 

“I move very fast when it comes to real estate.”

 

“Money is certainly not the problem when it comes to real estate investing.”

 

“Usually a hard-money lender only cares about the strength of the deal that you are proposing to them.”

 

“When you run a business, no matter what it is, you are going to get knocked down from time to time.”




Links:

Business Fast Track Blueprint

7 Figure Flipping

Return on Investments

Just Start Real Estate

JSRE on Facebook

Mike on Facebook

Mike on Instagram

Mike on LinkedIn

Mike on Twitter

Level Jumping: How I Grew My Business to Over $1 Million in Profits in 12 Months


In today’s episode, we have not one but two amazing guests, Sandy and Wade Critides. Sandy and Wade are lifestyle entrepreneurs residing in Orange County, California who have known each other their entire lives. They both left behind careers they weren't suited for and now have a multitude of thriving businesses including an 8-figure per year network marketing, their own real estate investment firm, their very own podcast, Getting Magnetic with Sandy & Wade and they are the published authors of the number one journal for network marketers. They love nothing more than empowering people to know that they can live the life of their dreams with vision and intentionality and they have helped thousands of people do so through their work.

 

We begin this episode with Sandy and Wade sharing their background story. Sandy’s dad and Wade’s mom went to high school together in Massachusetts over 45 years ago. Their families have been friends for a long time and they have known each other their entire lives. Sandy started her entrepreneurship journey about eight years ago when she was only 23. At the time she was working a corporate job, and her mom unexpectedly passed away. That shifted her whole perspective on life. She realized that she was not happy at her job and that she wanted to live life to the fullest, so she went on a journey of self-discovery, figuring out who she was and what she was meant to do. She tried a number of different things until she found what she was looking for. Wade’s journey was a bit more typical. His education led him to build a career in the finance world, eventually becoming a VP at his finance firm. When he reached his mid-20s, he realized that he wanted the freedom and autonomy over his life that entrepreneurship could provide. So, eventually Sandy and Wade decided to partner up and today they are network marketing professionals for real estate investors, they have their own podcast, and they've launched a product that helps people in the network marketing space.

 

We then move on to discussing if entrepreneurs are born or made. Sandy and Wade believe that the answer is both. According to them, Sandy was more of a born entrepreneur and Wade became one through his corporate career. Wade explains that there is a huge difference between the mindset of an entrepreneur and the mindset of an employee. An entrepreneur always has something that is pushing them forward, and even if you are not a born entrepreneur, if you want something and you have a strong commitment, you can become an entrepreneur. 

 

Together we then dive into discussing the why and how it can fuel your success. Discovering your “why” has to start with knowing precisely what you want. You need to be super specific about the vision you have for your life. Maybe it’s financial freedom, maybe it’s building a legacy, maybe it’s leaving your 9-to-5, but whatever it is, you need to be super specific about it. The next step is to figure out the underlying why. Entrepreneurship is hard work and your why will help you push through the roadblocks. The third step, according to Sandy and Wade, is a decision. There is a point in every entrepreneur's life where a decision is made, where they decide to pursue their passion. And that is the formula for success: a super-specific vision + underlying why +  a decision. 

 

Eventually, we talk about how Sandy and Wade got into real estate. Looking at other entrepreneurs, Wade noticed one common thread - they were all investing in real estate. So, they decided to go for it. They started with three turnkey properties and their latest investment was an 18-unit apartment building 

 

Don’t miss this incredibly fun and inspirational episode of the Just Start Real Estate Podcast, with Sandy and Wade Critides, and find out why your business lives between your ears! 




Notable Quotes:

 

“What no one really talks about, or they don't talk about enough is, is what mindset it takes to actually be successful in whatever it is you're doing.”

  • Mike Simmons

 

“Your business lives between your ears and that's why working on yourself, personal growth, and development is the most important thing you can be doing.”

  • Sandy Critides

 

“Your mess becomes your message.”

  • Sandy Critides

 

“On paper, everything looks great, but inside I'm not necessarily fulfilled and happy.”

  • Wade Critides

 

“A lot of them were entrepreneurs, a lot of them had freedom and autonomy over their own life and a sense of purpose and passion.”

  • Wade Critides

 

“What I was seeking wasn't money, it was impact, it was freedom.”

  • Wade Critides

 

“Entrepreneurship is the best self-development program in the world because you’ll learn so much about yourself.”

  • Wade Critides

 

“Employee and entrepreneur mindsets are wildly different.”

  • Wade Critides

 

“When you want to do something, if you have a strong enough commitment to it, you'll make it happen, and you'll learn along the way.”

  • Wade Critides

 

“People who are born to be entrepreneurs are often born into an environment that doesn't foster it or even at all acknowledge it.”

  • Mike Simmons

 

“I didn't do anything entrepreneurial until I was in my 30s but when I finally took the leap, it was like I had come up for air from underwater.”

  • Mike Simmons

 

“When there's that tug or that pull on your heart, it's there for a reason. It's your duty, your responsibility to follow it.”

  • Wade Critides

 

“People get conditioned into a life that they think they want or they're told that they want, and the real hard thing is breaking out of that and seeing that there is something else they can do or something else that they're meant to do.”

  • Mike Simmons

 

“How are you going to feel when you have to admit that you never really took the chances that you wanted to take?”

  • Mike Simmons

 

“For things to change you have to make the change.”

  • Wade Critides





Links:

Sandy on Instagram 

Wade on Instagram

Getting Magnetic Podcast 

Getting Magnetic Podcast on Instagram

7 Figure Flipping

Return on Investments

Just Start Real Estate

JSRE on Facebook

Mike on Facebook

Mike on Instagram

Mike on LinkedIn

Mike on Twitter

Level Jumping: How I Grew My Business to Over $1 Million in Profits in 12 Months

Direct download: The_Business_Between_Your_Ears_with_Sandy_and_Wade_Critides.mp3
Category:general -- posted at: 3:30am EDT

Welcome to this version of the Just Start Real Estate Podcast! I am excited to bring you another replay of my Facebook Live Question and Answer sessions. I just started doing these live forums in April and they are going so well and I am getting such great feedback and questions, I thought I would share them here on the podcast. Especially for those people that are unable to join us live, this will provide an opportunity to hear the awesome questions I am fielding about business, taking risks, real estate, and so much more! Some of the questions have been very real estate specific, but others have been general business questions, like asking about overcoming fear in order to get started and how to successfully scale. I have also received more personal questions like how I decided real estate investing was right for me and the steps I took to get my business off the ground.

 

This presentation is the live Q&A that I did on June 30th and each week on Thursday we will offer you another chance to take advantage of listening to the answers to our guests’ fabulous and compelling questions! Don’t miss this new episode of the Just Start Real Estate Podcast!




Notable Quotes:

 

“We don’t change our marketing based on market conditions. We adjust our marketing based on the metrics that we track.”

 

“From a marketing standpoint, we do more or less of certain things based on how effective they are.”

 

“We have a dashboard of Key Performance Indicators that we track in our business.”

 

“I think a virtual team sometimes takes a higher level of management.”

 

“Having a good company culture is something that happens on purpose.”

 

“You have to purposefully create, foster, and nurture a good company culture.”

 

“The real estate market is almost always good for somebody.”

 

“I just adapt and change my philosophies to match the market that I am in.”

 

“It was probably only ignorance and fear that kept me from investing in multi-family early on.”

 

“Everyone on my buyers’ list gets to look at a deal at the same time. I want open competition to prevail.”

 

“The worst buyers’ list is the list of one.”

 

“If you have one person interested in your deal, you are screwed. You need to have a bidding war, you need to have competition.”




Links:

Business Fast Track Blueprint

FREE Success Evaluator

FREE Blueprint to Fast Growth Webinar

7 Figure Flipping

Return on Investments

Just Start Real Estate

JSRE on Facebook

Mike on Facebook

Mike on Instagram

Mike on LinkedIn

Mike on Twitter

Level Jumping: How I Grew My Business to Over $1 Million in Profits in 12 Months




My guest today is Edna Keep. Edna is a real estate millionaire, coach, and author of Multiple Ways To Wealth. She owns 778 doors valued at $70 Million of real estate. She started with single-family homes to now primarily multi-family and she does some development projects with other people’s money. As a former financial advisor, she helps connect investors with everyday people who want to create passive income for the long term and those that need help with all areas of business money management.

 

Edna first shares her background story. She became pregnant and had a child at 16 years old. She dropped out of high school and felt like her options were very limited, but she decided to go back and finish her high school education. After high school, Edna worked a series of waitressing and secretarial jobs as a single mother. During that time, she dedicated herself to learning and doing what she needed to do to improve her life: she bought and read thousands of books on attitude, goal setting, and living with passion. She also attended numerous seminars and listened to countless audio programs. She also learned as much as she could about business. Her work with clients and more training taught her about real estate and the power of leveraging. That is when she dove into real estate investing, growing her portfolio, and reaping the rewards.

 

We then talk about how Edna got started with real estate. When she and her husband first got into real estate, their plan was to buy a few houses in the next 10-15 years to help with their retirement plan. But fast forward 18 months, they found that they owned 50 doors. They started with condos and duplexes but their last purchase, that got them to 50 doors, was 24 units. Within a very short period of time, they were able to double all the rents in that building because the market was so strong at that time. 

 

Next, we discuss what pushed Edna to get 50 doors in only 18 months. She explains that there were few things that helped them achieve that. First, paying for education. Edna and her husband were introduced to real estate through the Rich Dad Poor Dad series. This is where they learned all the strategies they needed and applied them all in a short period of time. They also had a coach during this whole process and they also partnered with some people who had taken the same training they had two years prior and already owned 20 houses.

 

We then dive into the financing aspect, and how Edna was able to raise money for her first 50 doors. She explains that their first option was seller financing: a situation in which the person selling the property leaves some money in it. They approached their seller and asked her to leave the amount they needed for a down payment and, in return, they pay her 6% interest on that money in five years. According to Edna, when it comes to financing, seller financing is always a good way to go.

 

We then talk about Edna’s Five Step Investor Attraction System. This system consists of 5 steps, and those are: mindset shift, finding and analyzing the right deal, analyzing a property, and hiring a coach. Edna believes that these 5 steps can help you shift from where you are to where you want to be.

 

We also discuss Edna’s book Multiple Ways to Wealth. She wrote this book back in 2013 and her main goal was to show people that there truly are multiple avenues to achieving wealth. Even though she ended up in real estate, she has a lot of experience in stocks and mutual funds as well.

 

Lastly, we talk about Edna’s program 90 days to 5k program. This is for people who are looking to get their first $5000 a month in income from a building or two; for those who already own a few doors, want to expand their portfolio but have run out of their own money and or their own ability to qualify for mortgages. Edna explains how having that type of support in the beginning of their journey really made a difference, and she hopes to provide that to others through her program.

 

Don’t miss this episode of the Just Start Real Estate Podcast with Edna Keep and get inspired by an amazing story of a single, young mother who went on to create a real estate empire of 778 doors and counting! 



Notable Quotes:

 

“Early on I had to put food on the table, I had to make things work because it wasn't just about me.”

  • Edna Keep

 

“I couldn't do anything full-time to change careers, it always had to be on the side.”

  • Edna Keep

 

“When we got 50 doors in 18 months, we really felt like we had something there.”

  • Edna Keep

 

“You don't just fall backward into that by accident. That's work, that's dedication, that's drive.”

  • Mike Simmons

 

“I believe you have to buy knowledge nowadays. You absolutely have to.”

  • Edna Keep

 

“Not just learning the strategies, but applying them all in a short period of time - that's what got us our first 50.”

  • Edna Keep

 

“We got to work within our strengths.”

  • Edna Keep

 

“At the time we were in a very strong market, a lot of people wanted to get into real estate but didn't have any clue how. Once we educated them, then we were able to raise a lot of money.”

  • Edna Keep

 

“I wanted people to realize that there are multiple ways to wealth, and not just one way.”

  • Edna Keep

 

“You can study until the cows come home, but until you actually do a deal, you won't even know what you know.”

  • Edna Keep

 

“Sometimes people who work the hardest, get the luckiest.”

  • Mike Simmons

 

“You can take a course, you can read a book, you can get educated but if you don't do anything, there's nothing gained.”

  • Mike Simmons 




Links:

Edna’s Website 

Edna on Facebook 

Edna on LinkedIn 

Edna on YouTube 

Edna on Instagram

Multiple Ways to Wealth by Edna Keep

Rich Dad Poor Dad

7 Figure Flipping

Return on Investments

Just Start Real Estate

JSRE on Facebook

Mike on Facebook

Mike on Instagram

Mike on LinkedIn

Mike on Twitter

Level Jumping: How I Grew My Business to Over $1 Million in Profits in 12 Months

 

Direct download: 50_Doors_in_Her_First_18_Months_with_Edna_Keep.mp3
Category:general -- posted at: 3:30am EDT

Welcome to this version of the Just Start Real Estate Podcast! I am excited to bring you another replay of my Facebook Live Question and Answer sessions. I just started doing these live forums in April and they are going so well and I am getting such great feedback and questions, I thought I would share them here on the podcast. Especially for those people that are unable to join us live, this will provide an opportunity to hear the awesome questions I am fielding about business, taking risks, real estate, and so much more! Some of the questions have been very real estate specific, but others have been general business questions, like asking about overcoming fear in order to get started and how to successfully scale. I have also received more personal questions like how I decided real estate investing was right for me and the steps I took to get my business off the ground.

 

This presentation is the live Q&A that I did on June 23rd and each week on Thursday we will offer you another chance to take advantage of listening to the answers to our guests’ fabulous and compelling questions! Don’t miss this new episode of the Just Start Real Estate Podcast!




Notable Quotes:

 

“I would have started a lot faster if I knew then what I know now. I would have been making offers more aggressively.”

 

“Real estate is a numbers game.”

 

“If you are in a hurry at all to make your first deal, you can’t make one offer at a time.”

 

“Real estate investing works in any environment and any market climate.”

 

“If you want to be a real estate investor, go do that. Do not wait.”

 

“If you are thinking of getting in, get in, just start, and scale.”

 

“I personally think this kind of market is the most difficult - it is easy to sell houses but difficult to buy them.”

 

“I was passionate about growing that business, about learning and training and building a team.”




Links:

Business Fast Track Blueprint

FREE Success Evaluator

FREE Blueprint to Fast Growth Webinar

7 Figure Flipping

Return on Investments

Just Start Real Estate

JSRE on Facebook

Mike on Facebook

Mike on Instagram

Mike on LinkedIn

Mike on Twitter

Level Jumping: How I Grew My Business to Over $1 Million in Profits in 12 Months

 


My guest choice for today’s episode is a bit different and I am really excited to welcome Jodie Cook! Jodie is an entrepreneur who built and sold her social media agency over a ten-year period. Her experience of starting up, creating a brand, winning and serving clients, hiring a team, and growing and selling a company has been written into books and articles with millions of readers. She is the author of several books including two volumes of Stop Acting Like You’re Going to Live Forever, How To Raise Entrepreneurial Kids, Instagram Rules, and The Clever Tykes Storybooks. She is also a Forbes 30 under 30 Social Entrepreneur in Europe and a regular contributor of theirs.

 

Jodie first shares her background story. Growing up, she followed the traditional path when it came to her career. After high school, she went to college because that is what you are supposed to do. After that, she got on a graduate scheme, and this is where it all changed for her. This is where she learned how to think for herself through different coaching sessions. This is also the time she decided to start her own business. 

 

We then take a little detour with our conversation and talk about the fact that Jodie powerlifts competitively. She shares that she was always quite sporty and started out as a runner, doing half marathons and 10k races. Eventually, she joined a gym that had a lot of competitive lifters and soon she began competing and truly enjoyed it. Since then, she has represented Great Britain internationally and she still competes within the British Powerlifting Federation in the under 57kg (125lbs) bodyweight category.

 

We then discuss how to get kids to be interested or want to learn more about being an entrepreneur. When she was doing the research for her book, Jodie interviewed around 200 people on how they're raising their kids to be entrepreneurs and how they themselves were raised to be entrepreneurs. What she found was that it either came from inspiration or desperation. In her book, How To Raise Entrepreneurial Kids, Jodie talks about four pillars: the mindset, the skills, the experiences and the coaching.

 

We then dive into the mindset of raising entrepreneurial kids. Jodie explains that in the book, the mindset pillar consists of a lot of different areas. The first one is the Family Mission Statement, a set of family values; the other part is setting goals, how to develop a child's interests instead of shutting them down. 

 

Next, Jodie explains what she believes is one of the biggest disservices that we make when it comes to raising our kids as entrepreneurs. It became incredibly easy to trust the “educational conveyor belt,” to think in terms of what the school or the college wants us to do. It is commonplace to think that we're choosing our own way forward when actually we're choosing from a very predetermined set of options.

 

Lastly, we discuss Jodie’s book, Stop Acting Like You’re Going To Live Forever. A couple of years before she wrote this book, Jodie was attending a Forbes event and met an editor who told her that they were launching a contributor program for Forbes. Jodie followed up with the editor a few times after that and when the program launched she was accepted as a contributor on the topics of entrepreneurship. Soon, one of her articles called “How to Stop Caring About What Everyone Else Thinks” received massive attention. This is when she decided to publish her articles as a book. Since then, she has published the first volume with 36 different articles and the second volume with 45 articles. 

 

Don’t miss this episode of the Just Start Real Estate Podcast with Jodie Cook, who delivers a wisdom-packed interview on the entrepreneurial lifestyle!




Notable Quotes:

 

“I definitely didn't have a business plan, it was just two words: getting clients.”

  • Jodie Cook

 

“I started to become fascinated that I started my own business at 22 years old, but hardly any of my friends did. They all went down the traditional career path.”

  • Jodie Cook

 

“I am fascinated with how entrepreneurs are created and that's what led to me thinking about it, talking to people, writing about it.”

  • Jodie Cook

 

“Everyone's born with self-awareness and then education takes it away.”

  • Jodie Cook

 

“We are all different and we all have different strengths and weaknesses.”

  • Jodie Cook

 

“A lot of entrepreneurs that I've met, interviewed, and talked to have something competitive in their background.”

  • Mike Simmons

 

“It's either inspiration or desperation; they've come from one of those places.”

  • Jodie Cook

 

“If you find something that you love that much and that you're really good at, you could probably turn anything into a business. Because the business side is secondary to you continuing to follow your purpose.”

  • Jodie Cook

 

“Everything in your life revolves around doing the work the school tells you to do and kind of just moving down this path with your head down. It's no wonder that most people just end up being spit out at the end of that conveyor belt in the same place.”

  • Mike Simmons

 

“Sometimes people take themselves too seriously and lack of perspective is what causes that.”

  • Jodie Cook

 

“It's so easy to bring something down and it's not that easy to build it up. It's just another reason why we really don't need to care about what anyone thinks because you are the artist and the architect.”

  • Jodie Cook




Links:

Jodie’s Website 

Jodie on Instagram

Jodie on LinkedIn

Jodie on Twitter

Stop Acting Like You’re Going to Live Forever

How To Raise Entrepreneurial Kids

Instagram Rules

The Clever Tykes Storybooks

7 Figure Flipping

Return on Investments

Just Start Real Estate

JSRE on Facebook

Mike on Facebook

Mike on Instagram

Mike on LinkedIn

Mike on Twitter

Level Jumping: How I Grew My Business to Over $1 Million in Profits in 12 Months

Direct download: How_to_Raise_Entrepreneurial_Kids_with_Jodie_Cook.mp3
Category:general -- posted at: 3:30am EDT

Welcome to this version of the Just Start Real Estate Podcast! I am excited to bring you another replay of my Facebook Live Question and Answer sessions. I just started doing these live forums in April and they are going so well and I am getting such great feedback and questions, I thought I would share them here on the podcast. Especially for those people that are unable to join us live, this will provide an opportunity to hear the awesome questions I am fielding about business, taking risks, real estate, and so much more! Some of the questions have been very real estate specific, but others have been general business questions, like asking about overcoming fear in order to get started and how to successfully scale. I have also received more personal questions like how I decided real estate investing was right for me and the steps I took to get my business off the ground.

 

This presentation is the live Q&A that I did on June 16th and each week on Thursday we will offer you another chance to take advantage of listening to the answers to our guests’ fabulous and compelling questions! Don’t miss this new episode of the Just Start Real Estate Podcast!




Notable Quotes:

 

“I think going into business with your spouse is a really, really powerful thing.”

 

“If your spouse doesn’t have an active role in your business, having their complete support is critical.”

 

“I have met many people, unfortunately, that don’t have the support of their spouse and it really eats away at the business from the inside.”

 

“It is 100% possible to grow too fast.”

 

“I do not think that fast growth is necessarily good growth always.”

 

“Be careful when you are growing and expanding, and make sure it is what you really want.”

 

“All that foundational stuff at the beginning, the systems, the people, the mindset, the numbers you are tracking, will help you be successful as you grow.”

 

“There are a lot of factors that can derail a company, but the one that sneaks up on people and takes them by surprise is bad partnerships.”

 

“You want a partner that shares your hunger, shares your passion and desire to get to the goal and build that business.”

 

“If risk doesn’t bother you and your partner is very, very conservative, your partnership will fall apart.”

 

“Once you have nailed the model and understand what you want to do on a small scale, then it is just a matter of scaling that up.”




Links:

Business Fast Track Blueprint

FREE Success Evaluator

FREE Blueprint to Fast Growth Webinar

7 Figure Flipping

Return on Investments

Just Start Real Estate

JSRE on Facebook

Mike on Facebook

Mike on Instagram

Mike on LinkedIn

Mike on Twitter

Level Jumping: How I Grew My Business to Over $1 Million in Profits in 12 Months




My guest today is Samson Jagoras. Over Samson’s 13+ year career in business, he has served as a Futures and Commodities broker, a commercial real estate broker, actively invested in real estate. He also served as the VP of Strategic Investments for RE/MAX Commercial Alliance, built several businesses, and acted as the Chief Strategy Officer for an INC 500 company. After 9 years of helping to scale that company, he walked away from his high-income position to go all-in on helping everyday investors put their money to work in large commercial apartment investments. Today, as the founder and president of Growth Vue Properties and the founder of the Passive Power Group, Samson helps give others access to investments that they thought were unattainable and acts as a liaison, educator, and curator that gives them supreme confidence in their passive multifamily investments.

 

We begin today’s episode with Samson’s background story. He was raised in a blue-collar house where money was pretty hard to come by. But what they lacked in money, they made up in sports. It all started with soccer when Samson was only 5 years old. Later, he got into baseball and skateboarding. Then, when he was a freshman in high school, he started playing football. He was a great player, and all he wanted to do was play football at a collegiate level. But, when the senior year came, he didn’t have any scholarship offers because his school didn’t have a good recruiting program. With a help of his mentor and high school alumni, he was able to get a football scholarship to Western New Mexico University and that was his ticket to a college education. Later, he transferred to Colorado and got his degree in Human Psychology. He got his degree on a Friday and on the following Monday he started working with his father-in-law at futures and commodities brokerage.

 

Our next topic of conversation is how the market crash in 2008 affected the futures and commodities brokerage. In 2008, Samson was just starting his career in futures and commodities, he had nothing to lose except debt and student loans. So, the crash didn’t affect him personally, but it did help him realize that speculating was not the way to make money and that owning hard assets is the key. This is when he got interested in the real estate world. After spending four years in commodities, he decided to jump into real estate. 

 

We then discuss how Samson got started in real estate and why multifamily is his real estate of choice. He explains that the first real estate he bought was a single-family home that he converted into an uptown duplex. He also did some fix-and-flips as well as some wholesale deals. But he soon realized that it is all about scale. This was the main reason why he decided to focus on multifamily homes. 

 

We then dive into Samson’s predictions for the real estate market in the next 12-24 months. He believes that our biggest problem will be affordability. Even now, we see people moving from California to Colorado and from Colorado to the Midwest. But soon, those markets will also go up. He also believes that there will have to be some tax incentives from the government to try to accelerate affordable housing as well as the conversion of properties from one type to another: office space to condos or residential hotels to multifamily, etc.

 

Next, Samson explains what constitutes a good deal for him and how he funded his deals in the very beginning. The most important thing for Samson, when it comes to investing in new deals, is the cap rate, risk aversion, and knowing why you want to be in that particular market. 

 

Lastly, we talk about Samson’s company, Growth Vue Properties. Samson is a commercial real estate broker, one of his partners is a commercial loan originator, one is in private equity, and one is a professional investor. They are looking for people who are making a good amount of money and want to invest with other real estate professionals. Their focus is on building a legacy portfolio. Their strategy has always been about providing long-term legacy wealth for their families and their investors. On the back of that, they’re also building their endowment fund, where you can give to charity in perpetuity.

 

Don’t miss this episode of the Just Start Real Estate Podcast with Samson Jagoras, who brings several different perspectives to our conversation because of his background and knowledge!




Notable Quotes:

 

“I knew I never wanted to be on that side of the business, just swinging hammers.”

  • Samson Jagoras

 

“I was so focused on skateboarding, which I think is what gave me a lot of my just relentless mindset.”

  • Samson Jagoras

 

“I did everything right because all I wanted to do, once I found football, was play at the collegiate level.”

  • Samson Jagoras

 

“When you do something that you feel is on your heart and you're supposed to, that builds your confidence.”

  • Samson Jagoras

 

“Speculating is not the way to actually make money; owning hard assets is the key to do that.”

  • Samson Jagoras

 

“When you're sleeping with a laptop next to the bed because you're worried about everybody going sideways in the middle of the night, it just destroys your quality of life.”

  • Samson Jagoras

 

“Every mentor that I had in my life who was successful, owned real estate or their own business.”

  • Samson Jagoras

 

“We're in a capitalistic society, so the government relies on us to do two things: create jobs and create housing.”

  • Samson Jagoras

 

“Affordability is going to be our number one biggest challenge that we have in the next 10 years.”

  • Samson Jagoras

 

“Conversion of properties from one type to another. like office space to condos or residential hotels to multifamily, those are gonna have the most legs.”

  • Samson Jagoras

 

“There's a misconception in real estate that things just go up forever.”

  • Samson Jagoras

 

“There's a million ways to make a million bucks in real estate.”

  • Samson Jagoras

 

“If you can't tell me why you're in that market, then you have no business being in that market.”

  • Samson Jagoras

 

“Your fiduciary responsibility, when you're dealing with other people's money, is to be a steward of their capital and do an incredible job. ”

  • Samson Jagoras

 

“Success leaves clues. So, I found a mentor and said ‘teach me everything that you know, so that I can get from point A to point B much quicker.’”

  • Samson Jagoras

 

“If you're killing it as an entrepreneur, if you're killing it as a professional, and you're in a career that you love and you're passionate about, it’s all about taking that income and parlaying it into other sources of income, and investing with other people.”

  • Samson Jagoras

 

“Wealthy people surround themselves with a ton of really smart people. They're really good at critically analyzing deals, and then deploying capital.

  • Samson Jagoras

 

Links:

Samson on Instagram

Samson on LinkedIn

Samson on Facebook

Samson on Twitter

Passive Investing

Growth Vue Properties

The Growth View

Samson’s Website

Unshakeable by Tony Robins

The American Jubilee by Porter Stansberry

7 Figure Flipping

Return on Investments

Just Start Real Estate

JSRE on Facebook

Mike on Facebook

Mike on Instagram

Mike on LinkedIn

Mike on Twitter

Level Jumping: How I Grew My Business to Over $1 Million in Profits in 12 Months


Welcome to this version of the Just Start Real Estate Podcast! I am excited to bring you another replay of my Facebook Live Question and Answer sessions. I just started doing these live forums in April and they are going so well and I am getting such great feedback and questions, I thought I would share them here on the podcast. Especially for those people that are unable to join us live, this will provide an opportunity to hear the awesome questions I am fielding about business, taking risks, real estate, and so much more! Some of the questions have been very real estate specific, but others have been general business questions, like asking about overcoming fear in order to get started and how to successfully scale. I have also received more personal questions like how I decided real estate investing was right for me and the steps I took to get my business off the ground.

 

This presentation is the live Q&A that I did on June 9th and each week on Thursday we will offer you another chance to take advantage of listening to the answers to our guests’ fabulous and compelling questions! Don’t miss this new episode of the Just Start Real Estate Podcast!




Notable Quotes:

 

“Because of the pandemic, more people are thinking they would rather rent an Airbnb than stay in a hotel, so I think this presents a great opportunity.”

 

“Investors have to understand that a short-term rental is a different level of commitment and involvement than a long-term rental.”

 

“Rentals seemed like too much of a slow boat to me… I wanted speed so I originally chose flipping houses.”

 

“Wholesaling is far-and-away the main focus in my real estate business.”

 

“I’m not a big fan of waiting. If I want to do something, I’m going to just do it.”

 

“When I first started, I knew real estate was dropping in value, but I really didn’t know what to do about it.”

 

“You don’t know what you don’t know, so having someone in your corner is huge.”

 

“We live in such a fast and immediate gratification time that if something isn’t knocking on your front door, you don’t even know it exists.”




Links:

Business Fast Track Blueprint

FREE Success Evaluator

7 Figure Flipping

Return on Investments

Just Start Real Estate

JSRE on Facebook

Mike on Facebook

Mike on Instagram

Mike on LinkedIn

Mike on Twitter

Level Jumping: How I Grew My Business to Over $1 Million in Profits in 12 Months


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