Archive for February, 2016

Episode 23: [Foundation] When To Set Up A Company For Flipping w/Marco Romero

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Show Notes

Marco has been interested in real estate since reading Rich Dad Poor Dad at an early age. After laying out a success strategy, he began to acquire the skills he would need in order to build a career as an investor. He gained valuable people skills by working in sales and the restaurant field. The experience he gained by working with a wide spectrum of individuals was critical to his success with investment properties.

Since obtaining his real estate license over seven years ago, he has worked for several investment companies in San Antonio and now successfully runs his own business independently.


He has spent time in all realms of residential real estate, from standard single family homes to small multi-family properties. Taking what he has learned in other fields, Marco has followed the philosophy that a transaction is never about the property, but the people.

In this episode Marco walks us through his start in real estate investing. He walks us through his reasons and how he setup his companies for asset and liability protection.

So many new investors use the question of which entity to set up to stay in their comfort zone and not take action. Marco advises against that and recommends you take action and then setup your company.

Obviously, if you have a lot of assets to protect you might want to set up the entity first. Otherwise, you should just get out there and make it happen and worry about it later.

Recommended Books

Rich Dad Poor Dad: What The Rich Teach Their Kids About Money That the Poor and Middle Class Do Not!

The Virgin Way: If It’s Not Fun, It’s Not Worth Doing

The 4-Hour Workweek: Escape 9-5, Live Anywhere, and Join the New Rich

Please Rate and Review

This is my simple request: If you enjoy the podcast and look forward to hearing a lot more episodes, I would be very grateful, happy, beholden and otherwise indebted to you to rate and review the podcast on iTunes.

It’s your choice and I do not want you to feel at all obligated. But I’d love it if you would subscribe and leave a rating and review.

Ratings and reviews allow the podcast to be seen by more people, which will help me achieve my goal of helping as many others as we can to get started in the house flipping business and change their lives.

Click here to rate and review our podcast! :)

Not sure how to leave a rating and review? Click here to view the instructions (it only takes 2 minutes)

How to Subscribe to the Podcast

There will be a brand new episode every single week, so be sure to subscribe and receive each episode as it’s released.

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The post Episode 23: [Foundation] When To Set Up A Company For Flipping w/Marco Romero appeared first on Flipping Junkie.

Episode 22: [Foundation] How to figure out what you’re good and bad at w/Nathan Brooks

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Show Notes

Nathan Brooks is a dad, husband, worship leader, and real estate investor in Kansas City. He’s also a foodie, coffee addict and Crossfit junkie. He’s a real deal real estate investor that did about 60 deals last year and plans to do even more this year.

On today’s episode we talk about how to quickly realize what you’re good at and should focus on, and what you’re not so good at and shouldn’t be doing.
Nathan mentions that if there is a pile of papers on your desk, that’s a pretty good way to figure out what you don’t like doing…

A great piece of advice for hiring people to do tasks for you that won’t require a full-time position is to hire friends, family, neighbors, etc to work with you part-time. It’s a great way to spend time with people that you don’t get to see too often and get things off your plate.

We also talk about how being able to explain the exact processes you use in your work to other people helps you to clarify exactly what you exactly do, and improves the processes because you realize things that you wouldn’t if you just continued to mindlessly do the tasks.

An unexpected turn for the podcast was also a powerful realization. Forgiveness is a big deal in the health of organizations. As you start to work with more and more people, it’s very important to be open to forgiveness so that you can work through issues and improve the processes along the way.

Recommended Books

Good to Great: Why Some Companies Make the Leap…And Others Don’t

Extreme Ownership: How U.S. Navy SEALs Lead and Win

Team of Teams: New Rules of Engagement for a Complex World

Unbeatable Mind: Forge Resiliency and Mental Toughness to Succeed at an Elite Level (Third Edition)

Links

The Tim Ferriss Show

RadioLab

Bridgequity.com

Please Rate and Review

This is my simple request: If you enjoy the podcast and look forward to hearing a lot more episodes, I would be very grateful, happy, beholden and otherwise indebted to you to rate and review the podcast on iTunes.

It’s your choice and I do not want you to feel at all obligated. But I’d love it if you would subscribe and leave a rating and review.

Ratings and reviews allow the podcast to be seen by more people, which will help me achieve my goal of helping as many others as we can to get started in the house flipping business and change their lives.

Click here to rate and review our podcast! :)

Not sure how to leave a rating and review? Click here to view the instructions (it only takes 2 minutes)

How to Subscribe to the Podcast

There will be a brand new episode every single week, so be sure to subscribe and receive each episode as it’s released.

subscribe
iTunes Subscribe on iTunes Stitcher Subscribe on Stitcher

The post Episode 22: [Foundation] How to figure out what you’re good and bad at w/Nathan Brooks appeared first on Flipping Junkie.

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