Agent Investor Podcast

Investing In 2023: How To Create An Investment Plan To Ensure Success W/ Calvin Driscoll

A new year is a great time to jumpstart your investing operations, but getting started can seem daunting and difficult. Having an investment plan in place can make it much simpler to navigate the challenges, especially for a new investor getting used to all the moving pieces.

 

How do we get started with investing? What should we focus on to ensure that we are on the right track?

 

In this episode, Cameron Real Estate Group assistant project manager Calvin Driscoll joins me to discuss creating an investment plan, how to get started and what to do when you’re investing at a high level.

 

You’ve got to get around other people who are doing what you want to do. -Tom Cafarella

 

Three Things You’ll Learn In This Episode

 

• The foundation of your plan
  How do we envision the future and what it costs to invest?
  
  
• Types of investing
  There are many different types of investing but how do we choose what’s right for us?
  
  
• How to utilize investing resources
  There are thousands of resources for investing such as audiobooks, courses, podcasts and books but how do we pick out what will actually work for us?

 

Guest Bio

 

Calvin Driscoll joined Cameron Real Estate Group as an assistant project manager. He attended Endicott College where he graduated with his bachelor’s degree in Business Management.

 

Find Calvin on LinkedIn @Calvin Driscoll  

Adding a Cash Offer To Your Listing Appointment

For agents, up to 20% of the listings we come across can be flipped to our own investment deals, but we don’t believe we have the vehicle to do so. There are tons of sellers who are better suited with not taking the traditional listing route, and all it really takes is identifying the opportunity and showing up with a cash offer.

 

How do we know if a listing could be an investment deal? Why do we need to have the offer before we get to the appointment?

 

In this episode, I’m sharing how we add cash offers to our listing presentations, and why it creates the ultimate win-win for everyone.

 

10-20% of all sellers want a cash offer and would be better off taking a cash offer than a listing. -Tom Cafarella

 

Three Things You’ll Learn In This Episode

• Why fetching top dollar isn’t every seller’s top priority
  Why would someone ever want to sell their house for below fair market value?
  
  
• How to get ahead of the competition
  Why do we need to be ready to sign on the dotted line before we even get to the appointment?
  
  
• How to easily draw up your offer
  How do we calculate the right number for a cash offer?

The Simplicity Of Apartment Deals And What You Need To Get Started w/Michael Lefavor

Apartment deals have the ability to bring in passive income and they allow us to grow and expand our businesses, and help us to do less while making more money.

 

Apartment deals can seem daunting but the simplicity of it is what makes them work so well for agent investors. What should we be on the lookout for when it comes to apartment deals, and what skill sets do we need to get started?

 

In this episode, founder of Property Possible Inc, Michael Favor joins me to discuss being an entrepreneur, how he got started on apartment deals and what it takes to be a part of a deal . We also talk about networking and share tips for new investors.

 

That’s just a hallmark thing with entrepreneurs. They just want to be independent more than anything. -Tom Cafarella

 

Three Things You’ll Learn In This Episode

 

• How to figure out your best next step
  It's easy to get excited about business but even after feeling motivated, we can sometimes hit a wall. How do we figure out what steps to take next?
  
  
• Laying bricks to build your business
  Building a business takes time but how do we ensure that we have everything to begin building it? How do we expand once we start building?
  
  
• How to put together a passive income deal
  Passive income deals can be simple, but what should we look out for? 

 

Guest Bio

 

Michael Lefavor is a real estate investor with a focus on residential real estate development, home rehabs, property syndication, and raising capital for investing in commercial real estate assets. Michael founded his own real estate investment business, Property Possible Inc in 2018. Since then Michael and his team have completed over 80 fix and flips and built a rental portfolio of over 260 apartments with over 40 million in AUM. Michael has experience in a wide facet of RE investment ranging from multifamily, condo conversion, land development, and new construction and residential fix and flip. Michael serves as President at Property Possible Inc as well as providing analysis and strategic growth services for the company.

 

Find Michael Lefavor on LinkedIn @Michael Lefavor

WARNING: These Investing Deals Are Losing the Most Money in Today’s Market

A couple of years ago, virtually any real estate deal would fly off the shelf, and investors could easily walk into a profitable deal. Now, the economic environment has changed dramatically, and investing vehicles that used to guarantee a ton of money have come to a screeching halt.

 

Now that the deals that were once profitable are now precarious, if we keep operating like before, we can find ourselves underwater at a time we should be preserving everything we have.

 

So if many investing deals are seeing a big shake up, how do we survive? Which models should we stay far away from?

 

In this episode, I’m talking about the harsh reality of today’s market, and how to avoid the least profitable real estate deals.

 

In the last couple of years, buyers were overlooking funky homes. Now with more inventory to choose from and less motivation, they are a lot less jumpy to get on a deal. -Tom Cafarella  

 

Three Things You’ll Learn In This Episode

 

• Why we have to pivot away from what used to work well
  Is the golden era of wholesale deals and tight margin flips squarely in the rearview mirror?
  
  
• The deals investors will have a hard time selling
  Why are long construction/renovations such a death knell for profitability in this market?
  
  
• The downstream effects of the affordability crisis
  Why has buyer demand dropped so dramatically over the last few months?

How Agents Are Investing Without Even Trying (& How You Can Do It Too)

For most people, real estate investing isn’t something associated with ease. To find deals, get capital, and make the numbers work, you would imagine that it requires a lot of time and effort.

 

What most real estate agents don’t realize is just how low their barrier of entry into investing is - a lot of the skills required are already in their back pockets, and deals are right under their noses.

 

Can you invest without doing a whole lot more than what you’re already doing? What are some of the easiest ways to get deals as an agent? In this episode, I share why investing is so much easier than you think.

 

Agents can become investors by accident by having their eyes open. -Tom Cafarella

 

Three Things You’ll Learn In This Episode

 

• Why you need to add cash offers to your listing presentation
  Are more sellers interested in cash offers today than they were a few months ago?
  
  
• Why clients are more likely to call an investor than an agent
  Could we get more investing deals by simply telling people in our sphere that we aren’t just agents, but investors as well?
  
  
• The enviable advantage real estate agents have
  How do agents come across deals in their day-to-day, without actively going out there prospecting for them?

The importance of patience: why some breakthroughs take longer w/Tyler Scaglione

Sometimes, no matter how much work we put in, it feels like our efforts take ages to pay off. We become impatient with the wait for success and end up doing things that don’t necessarily work in our favor.

 

Why do some breakthroughs take longer than others? Is learning what not to do just as important as learning what to do?

 

In this episode, Team Lead at Homexe and experienced Licensed Real Estate Agent, Tyler Scaglione joins me to discuss patience when it comes to getting results out of your work, what it takes to do things the hard way and how to get confidence to gain momentum.

 

I learned what not to do more than I learned what to do because just by doing, you’ll have 2 different outcomes. One of them is right and one of them is wrong and at least if it's the wrong outcome, you’ll learn from it. -Tyler Scaglione

 

Three Things You’ll Learn In This Episode

 

• Why results often feel so delayed
  Timing is key when it comes to success but why do some breakthroughs take longer than others?
  
  
• Doing things the hard way
  There are lessons in doing things the hard way and we have to have grit to take the road less traveled by.
  
  
• Why you should be patient with your success
  We may not see the fruits of our labor immediately and it takes time to see the results of hard work. Why shouldn’t we give up when we don’t see instant results?

 

Guest Bio:

 

Tyler Scaglione is the team lead at Homexe - Cameron Prestige LLC. He is an experienced Licensed Real Estate Agent with a demonstrated history of working in the real estate industry. Skilled in Skip Tracing, Sales, Real Property, Strategic Prospecting, and Investment Properties.

 

Visit https://www.homexe.com/

Find Tyler Scaglione on LinkedIn @Tyler Scaglione

Key Takeaways From The Raisemasters Retreat You Can Use to Raise Capital For Your Deals

Ask any real estate agent what’s holding them back from investing, and the most common response you’ll get is capital or lack thereof. The truth is, raising capital isn’t as hard as we think it is. Agents already have the sales skills and database relationships that give us a huge advantage when it comes to raising capital.

 

I recently attended The Raisemasters Retreat in Miami, and learned key tactics we can put in place to get more capital in our corner. How do we identify who we can reach out to? What are other investors doing to set themselves up for success?

 

In this episode, I share the biggest nuggets I left the retreat with and how to apply them.

 

Raising capital isn’t about going out there and begging for money. It’s about understanding and serving the niche, and you can do that through real estate investing. -Tom Cafarella  

 

Three Things You’ll Learn In This Episode

 

• How to appeal to investors
  What rate of return do you need to give people for them to be excited about giving you capital?
  
  
• Why taking action is the key to successful investing
  How can you put yourself in an environment where the only choice is to focus and do the tasks that need to be done?
  
  
• The power of injecting your posts with your personal story and personality
  When it comes to social media is information always king?

How to Extract the Good from a Bad Experience w/Enis Shehu

Success doesn’t happen overnight - it takes time to see our hard work pay off and often there are difficulties that prolong the process, but those difficulties can actually make us better.

 

How can these difficulties help us grow and better ourselves? How long do we have to wait to see the results of our hard work?

 

In this episode, co-Founder of White Acre Properties Enis Shehu joins me to discuss the value of adversity and opportunity and how we can emerge stronger from difficult experiences.

 

Some experiences can be painful initially but going through that pain means you get to the other side stronger. -Enis Shehu

 

Three Things You’ll Learn In This Episode

 

• Grabbing opportunities that come your way
  How can we get better at identifying all the opportunities around us?
  
  
• The power of painful experiences
  Painful experiences are difficult to go through but in the end, they make us stronger. How do we turn our struggles into opportunities for growth?
  
  
• The importance of a team that knows the end goal
  How do we keep our teams moving toward the vision we have? 

 

Guest Bio

 

Enis Shehu is the co-Founder of White Acre Properties. Enis leads the acquisitions and project management of the firm. He has a deep knowledge of building, building codes and holds a construction supervisor license. He lives in Framingham with his wife and 2 kids.

 

Visit https://whiteacreproperties.com/ 

Find Enis on LinkedIn @Enis Shehu

How to Find Killer Off-Market Investing Deals & Discounted Properties

The best investing deals aren’t found on the MLS - they aren’t even on the market at all. Any investor worth their salt has to know how to find discounted, off-market properties and have a tried and tested strategy to get in front of those homeowners.

 

Mail has always been my marketing strategy of choice, but because so many things go into it, getting started can be overwhelming. How much money do you need to run a solid mailing campaign? Who do you send the mailers to?

 

In this episode, I’ll share my strategy for mailers and the critical decisions you have to make if you want to succeed.

 

When it comes to someone selling their house at a discount, your mailer is not going to convince them to do anything, it’s just going to show up at the right time. -Tom Cafarella  

 

Three Things You’ll Learn In This Episode

 

• Why we need to ditch the MLS for investing deals
  Can we easily make the numbers work with traditional listings?
  
  
• How much money you need to invest into your mailing campaign
  Blanketing entire neighborhoods with mails is expensive and wasteful, which homes and owners are the perfect candidates for mails?
  
  
• How to build your mailing list
  What is the ideal frequency and cadence to get the opportunity to buy someone’s house?

How to Choose a Real Estate Investing Strategy That Compliments Your Personality

One of the best things about real estate investing is that there isn’t just one strategy available to us. Different models and vehicles appeal to different people, and we have the opportunity to tailor our investing to our exact goals, preferences and personalities.

 

Making the right choice for ourselves comes down to the vision we have and what we’d want our day-to-day to look like. How do we make this decision? What skill set does each strategy require if you want to thrive in it?

 

In this episode, I talk about one of the most important decisions we have to make as investors - choosing the right strategy to go after.

Agents don’t really have to figure out how to become an investor; it's just about keeping your eyes open. -Tom Cafarella  

 

Three Things You’ll Learn In This Episode

 

• Quick turn deals every agent should implement
  Can we stack and diversify investing channels for the ultimate win?
  
  
• Small multi-family portfolios, the pros and cons
  Why did we choose to transition from small multi-family units to building apartments?
  
  
• How to tailor your investing to your strengths
  From fix and flips to building apartments, what skill set do different investing channels require?