Marcus E. Maloney is a Real Estate Investment Strategist that has an eye for real estate oriented solutions. As the Founder and Principle of 3rd Generation Mgmt & Holding LLC, the firm has done and assisted with an innumerable amount of real estate transactions. Marcus holds a Master of Business Administration; which provides him a proper knowledge and understanding of business applications and practices. As a philanthropic effort Mr. Maloney also has assisted with the development of State licensed facilities that acquire property for transitioning youth.
Marcus’s childhood was a lot like mine in that we both did demo on rehabs as children. His parents were fixing and flipping and my dad was working as a contractor for real estate investors. We both learned how hard that kind of work was and that may be one of the reasons we both decided to aim bigger.
This episode covers a very important step in your path to becoming a successful real estate investor.
Marcus’s first goals when he was getting serious about real estate investing revolved around building the right connections. He hustled and hustled and stayed persistent. He talked to a lot of people and built lasting relationships where he was able to provide value and gain education.
This isn’t just for new investors. This is for anybody, at any stage in their life. There is always something to be learned and the best way to learn it is from someone already doing it.
Marcus talked about some of his goals for 2016 which include:
Writing his first Ebook about birddogging
Increase his deal conversion rate to closing 1 deal per 25 leads
Writing 26 blog articles
Giving away more money than he did last year
Here are the steps Marcus outlined and went into detail on during the interview:
1. Define Purpose - Who you are. What you are trying to do.
2. Visualize and Confess - Visualize yourself the way you want to be with regards to Spiritual goals, physical goals, family goals, community goals and business goals.
3. Association - Find someone that is doing what you want to do or being the way you want to be and ask them for help so that you can do what they did
4. Strategize - Determine your results for the end of the year and reverse engineer your goals so that you can get specific in what you need to do this week to get started
5. Take Action - Goals are worthless without action. If you don’t have your “why” figured out correctly, you won’t last outside of your comfort zone, which is where you need to be if you are to grow. Welcome embarrassment. Challenge your fears.
Brant is a full-time real estate investor, business owner, entrepreneur, author & speaker. He has been featured on Fox News, hosts local seminars and is even being considered to star in one of those “Flipping Houses” TV shows.
Brant is a proverbial ‘rags to riches’ story, while living in an apartment and having no money, was able to purchase his first investment property on a credit card! He went on to by 10 properties that same year with no money down and within only a few years later, has rehabbed hundreds of homes and now owns a portfolio of rental properties worth millions and routinely flips houses for fast cash.
Brant is a former police officer who prides himself on integrity and serving others. He is a husband and father of three and enjoys helping and teaching people to experience the freedom and success he has achieved through successfully investing in real estate.
“I want to see you succeed and I don’t want to let you down, I hope you take action today and see incredible results soon!”
In this episode Brant shares with us what he calls the 4 Pillars of Power: Mindset, Skill set, Environment and Accountability
His main takeaway here is that it’s of the utmost importance to be clear about what you want and who you want to be before anything else.
You’ve got to work on all aspects of your life to be a true success. His 4 Pillars of Success are Business, Faith, Family and Fitness. Work on all of these things.
Don’t just focus on business. You will grow much faster in each area when working on the others.
He has a “power hour” each day where his kids know that he has to turn off the computer and turn off the cell phone and focus and be present for them. They hold him accountable.
His wife and kids also send him a score card email each month that rate him on different aspects of his life. This is an incredibly good idea that we should all incorporate.
Here’s Brant’s process to determine what you want and how to find out who you are
1. Be ok with where you’re at - Eliminate self-abuse - That was the past, let it go
2. Go to a quiet place and really consider where you want to be within the 4 pillars of success
3. Start Living Your Passion Right Now by commitment to work on each area DAILY
He also like to create names for targets of goals so that they become more fun and easy to keep in his mind. He has Operation Adoption which is his goal to adopt by the end of the year (he already has 4 kids of his own).
Make a plan for yourself, otherwise you’ll end up a part of someone else’s plan. - Jim Rohn
Danny is explaining the new direction for the Flipping Junkie Podcast in this episode.
We are moving to a format where each episode flows from the previous one. The first episodes will cover mindset and then move into building your team, funding, analyzing deals, finding deals, negotiating, working with contractors, determine repair costs etc.
It’s basically a free real estate investing training course in podcast format!
Let us know what topics you want covered and who you’d like to hear Danny interview for each topic by leaving a comment on the Facebook page at http://facebook.com/flippingjunkie
Also Melissa (Danny’s wife) is going to be sharing more of what we are doing in our house flipping business for 2016 on the FlippingJunkie.com blog and on Instagram (http://instagram.com/flippingjunkie).
We’re going to flip over 100 houses this year. Follow along and let us know what you want to learn about.
Jason got his first taste of real estate investing after joining a local real estate club. In 2012, he made his first transaction and hasn’t looked back. Jason founded HoustonHouseBuyers in July of 2013, in its' first year produced $3M of gross revenue, through wholesaling, leasing, and flipping 70 houses. HoustonHouseBuyer's is expected to buy 100 houses in 2015 and produce nearly $6M in gross revenue.
Jason has more than a decade of experience in risk management in the private and public sector. He managed the risk finance program for The University Of Texas Health Science Center at Houston. During his tenure he managed the workers’ compensation program for 5,000 employees, property conservation program for $2B in insured assets, business continuity and emergency response program. He also managed the Fire and Life Safety program responsible for nearly 5MM gross square feet of laboratory, class room and office space. His program additionally reviewed plans for new biomedical research facilities, one facility built annually during his tenure at $250MM per project.
Jason has a BS in environmental Science from Sam Houston State, Masters in Security Management from The University of Houston and an MBA in finance from Houston Baptist University. He lives in Houston with his wife Sarah and two sons, Cameron and Carson.
This episode is full of great tips on getting funding from when you don’t have any experience real estate investing up until you’ve built relationships with small local banks.
It took Jason 6 weeks to buy his first house which was a rental. He worked through the tough times making 15-20 offers per week and not getting very far.
Then he decided to partner with someone and put a 40k budget to work for marketing.
That’s how you get the ball rolling!
So many people are afraid to spend money to get the deals. The fact of the matter is you can net over 40k on a rehab and do it multiple times for that 40k budget in marketing.
The numbers don’t have to be that big, but an investment will likely need to be made to get going.
Jason’s tips for finding a good hard money lender to get funding for your first deals are as follows:
* Go to local Real Estate Investor Association meetings
* Find out who does lending and how long they’ve been lending and how many deals they’re funding per month
* Narrow down your list to the ones that are doing the most and for the longest amount of time
He was paying roughly 3 points and 13% interest for his hard money loans in the beginning. Those aren’t bad numbers for hard money.
After getting some deals under your belt, put together a packet showing before and after pictures and the numbers for the deals to show to potential private lenders.
Private lenders are people that lend money to investors to fund their deals. They typical lend the money because the interest paid is much better than other forms of investing and a lot less risky.
The best thing to do when looking for private lenders and who to borrow from is to find the ones that are already lending to other investors. This way you don’t have to convince them to lend money. You don’t ever want to have to do that.