While working toward goals is a good thing, it is not everything. Many people, even smart investors, say they are building wealth now and will enjoy it later. Not a good plan. You can learn to find joy in everyday things. Ron and Angela believe it has to do with the satisfaction of living your vision and recommend that you listen again to episodes 26 and 27 with Shaun McCloskey. Shaun teaches about establishing and living your vision.
Oct 07, 2019•22 min•Ep. 39
When the time comes to sell an investment property doing it the right way can potentially mean the difference in thousands of dollars and fewer headaches. The first and biggest decision is whether to sell it retail or as an investment property. They suggest making a list of the pros and cons of each method. The podcast brings up factors that go on that list. Bottom line: It’s far less hassle to sell it as an investment, but being easy comes at a price.
Sep 30, 2019•29 min•Ep. 38
Do you know how to correctly address setting rental rates at your properties? It’s math, but it’s math with a lot of moving parts to consider. Raising rents causes tenants to reconsider their situation. If you lose a tenant, you lose income for a month at a minimum. And if you purchase property that’s not been taken care of, you may have to displace every tenant so renovation can be done. It’s not an easy calculation.
Sep 23, 2019•26 min•Ep. 37
Are you a great leader? We talk about that and what the qualities are of a good leader. Leadership is not easy to define or quantify, but most people know it when they see it. Leaders are willing to work and not be prima donnas. Leaders are good communicators who value and empower employees, thus building loyalty and momentum. They are willing to train and mentor others and believe that creating new leaders is a mark of success.
Sep 16, 2019•24 min•Ep. 36
Our show today focuses on work-life balance, something just about everyone wants, but few have. The Get Real podcast doesn’t sugar-coat things but presents work-life balance as difficult to attain and to maintain. Ideally, it starts with a life vision which you can learn about by listening to episodes 26 and 27. Beyond the life vision, you’ll learn 6 other useable strategies for reaching a work-life balance.
Sep 09, 2019•40 min•Ep. 35
This episode hits on the various ways real estate investing leverages your money. There really is no other investment that offers the same financial leverage as real estate. It gives you cash flow, value appreciation, depreciation on income taxes and doesn’t cost you a fortune to get started. Learn this and more about the advantages of real estate investing as Ron and Angela share their knowledge in a fast-paced format.
Sep 02, 2019•25 min•Ep. 34
This show is about fear and how paralyzing it can be for anyone. It is particularly an enemy of entrepreneurs because it takes guts to start your own business. Inner voices will tell you all the ways you can fail. Even some of your friends or family might tell you that. You’ve got to determine if the joy in gain is greater than your fear of loss and move on.
Aug 26, 2019•28 min•Ep. 33
Ron Phillips and Angela Thomas talk about all the advice that’s out there and how to tell the good from the bad. Some bad advice has a kernel of truth, and a lot of seemingly good advice can pull you away from doing what you do best. The most stellar move you can make is to find a local mentor who you respect and learn by working with/for him or her.
Aug 19, 2019•31 min•Ep. 32
Ron Phillips and Angela Thomas first talk about why they do the podcast, which is interesting stuff. Then they discuss the types of freedom that come from success, which are the same types of freedom that drive people to pursue success. Ron and Angela agree that the 3 freedoms are (1) freedom to be yourself, (2) freedom to provide for your family and friends and (3) freedom to impact the world/your community.
Aug 12, 2019•29 min•Ep. 31
A realtor from Charleston, SC, Caleb Pearson, is the guest on this show. He’s an extremely successful retail agent who’s getting more and more into investing. Out of his own need, Caleb created ZoomOffers.com, software which pulls properties listed on MLS and automatically sends offers. The user sets property criteria and offer calculation formula; ZoomOffers sends out the resulting offer. By definition, the people who respond are motivated sellers.
Aug 05, 2019•32 min•Ep. 30
Warren Tayrle is a CPA who focuses on tax savings for his wealth-building clients. He explains advantages the 2018 tax revisions provide to real estate investors and how to reap those advantages using cost segregation. Warren also explains why you need to have a CPA that will help you plan your tax strategy throughout the year.
Jul 29, 2019•44 min•Ep. 29
Larry Goins is a superstar in the real estate business—he’s been at it for 30 years and has a vast wealth of knowledge to share. Larry’s done just about every type of deal… mobile home parks, commercial, wholesaling, flipping, lease options, subject to, and developing. Now, however, he’s primarily a hard money lender. Larry focuses on negotiating real estate deals in small towns... it’s Negotiating 101, a life and business skill we all need.
Jul 22, 2019•46 min•Ep. 28
Shaun McCloskey is the guest and he's providing a pared-down version of his life vision training. Acting on this information truly can change your life, as Ron can attest. Write your vision; then fine-tune it. Be honest with yourself about the full 4-step process and how it fits your life and your business. Understand that the 1st step is the most important and deserves your full attention.
Jul 15, 2019•1 hr 1 min•Ep. 27
Shaun McCloskey, Ron and Angela’s guest, is getting real about having a life vision and a life plan. He coaches business owners on creating and sticking with their vision and he's seen too many people burn out running a business that was really running them… too much divorce and too much unhappiness. Listen to hear how having a life vision and plan can keep you heartache down the road.
Jul 08, 2019•38 min•Ep. 26
Corey Peterson is an immensely successful investor in apartments and has managed and acquired over $95 million in real estate across the country. Corey is regularly interviewed by business journalists; he’s spoken at Harvard and at NASDAQ and is a best-selling author. Hear how Corey got started in the business and what some of his methods are. He’s a big private money user, an educator, and an all-around great guy.
Jul 01, 2019•48 min•Ep. 25
Todd Toback is a sales star and an ace wholesaler and he’s big on hiring people for your business... even if you think you’re not ready to. He recommends cutting marketing if cost is the issue. Todd also recommends that you be crystal clear with everyone you hire about what your expectations are, and gives you a format to use to accomplish that.
Jun 24, 2019•51 min•Ep. 24
Ron and Angela are passionate about managing your financial assets for maximum cash flow. Their guest, Chris Miles, is the self-named anti-financial advisor because he never advises clients to buy additional mutual funds because the return would never replace current income. Chris makes sure that his client’s money is used to its best purpose. He’s a good friend and a great source of referrals to RP Capital.
Jun 17, 2019•40 min•Ep. 23
Ron and Angela get real about what you should do now if you have substantial equity in a property. You must take action. Pay down mortgage(s), buy additional investment property or a new personal home. Just do something. If you do nothing, you lose the gift the market’s given you when the market goes down as it’s expected to, and you’ll wait years for it to come back.
Jun 10, 2019•41 min•Ep. 22
What happens when you gain financial freedom and no longer need to work? What will you do that keeps you motivated? Ron and Angela believe it’s important to write up a plan of what your non-working life will look like. A plan keeps you from flailing and being lonely at the beginning of this new phase of your life. It’s time to get real about what financial freedom really looks like.
Jun 03, 2019•26 min•Ep. 21
You've heard the old adage that if you follow your passion, you’ll never really work a day in your life... but is that true for all successful people? Both Angela and Ron admit real estate investing is not their passion... but they love doing it and love that it gives them the financial latitude to follow their true passions. Listen in as they give advice on this important subject.
May 27, 2019•31 min•Ep. 20
An antitrust lawsuit has been filed against the National Association of Realtors, the MLS and several large real estate firms. The suit is meant to dismantle the real estate broker system as it currently exists. It will also protect sellers from being required to pay the buyer-side commission. Ron & Angela get real with their thoughts on the subject.
May 20, 2019•23 min•Ep. 19
Using your time wisely and learning to say "no" to people and activities that take time away from being productive is hard for some many. Be honest about what you use your time for and make time for yourself to move forward. Look at your calendar and make a list of things that you don’t need to do… some meetings, some social events, etc. Embrace saying no.
May 13, 2019•32 min•Ep. 18
Building a successful business is about helping others reach their goals. If clients are happy with the service and the financial growth they experience, they come back to invest more. Happy employees learn and earn. They feel empowered to act on the company’s behalf, thus increasing the company’s ability to grow. Plus, helping other people feels good.
May 06, 2019•22 min•Ep. 17
On tap for today... we're going to take a hard look at investing outside of your comfort zone and outside of your neighborhood. If you feel like you need to be able to drive to your properties, get over it. Find a good property manager, get out of the way and let the property generate cash flow. You want income, right? You want cash flow.
Apr 29, 2019•32 min•Ep. 16
There's a social media trend of people bragging about working ridiculous numbers of hours… calling themselves lions and everyone else sheep. It makes Ron and Angela crazy. They know that success doesn’t require working 80-hour weeks. Success requires team building, working smart, focus, taking time to think, and enjoying a full life.
Apr 22, 2019•30 min•Ep. 15
Ron hosts alone while Angela enjoys a vacation, which brings up a very important topic: do you have a real estate investing business or are you still in job mode? If you’re tied to work 24/7, that’s a job. A business has a well-trained and empowered team in place to keep the business humming in your absence. Rob covers 5 steps for creating a real business.
Apr 15, 2019•26 min•Ep. 14
The most successful real estate investors us other People’s Money in their business to buy rental properties. They’re experts on the subject and are now sharing their knowledge with you. They explain various methods for correctly leveraging OPM, and explain why some methods are rare or just plain wrong. Private lenders and creative types of owner financing are discussed.
Apr 08, 2019•31 min•Ep. 13
It's that time of year again... tax season. They don’t give tax advice, just info. They urge you to find an accountant who’s knowledgeable about real estate investing. Talk to other successful real estate investors about their approach to taxes. Depend on a tax professional to know how you can keep more of your earnings.
Apr 01, 2019•26 min
Learn about the 4 returns real estate investors enjoy. Ron and Angela of RP Capital take you through a case study about the returns generated by an actual rental house in the Midwest. It’s an excellent way to better your understanding. And after listening, you can get additional information from RPC websites.
Mar 25, 2019•29 min•Ep. 11
You need to be an advocate for getting the education you need to succeed… self-education, to be precise. They get real about the education system, which teaches students to repeat facts instead of teaching the skills needed for business and life. They recommend searching out the information you need using free resources like the internet and the library.
Mar 18, 2019•26 min•Ep. 10
