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The Power of the First Deal: Building Confidence and Momentum in Real Estate with Kevin Amolsch
Welcome back to the REI Mastermind Network! In today's episode, titled "Processed," we have the pleasure of hearing from our host, Jack Hoss, and special guest Kevin Amolsch. They dive into the world of real estate investing and share valuable insights and experiences to help you navigate the industry with confidence.
From the uncertainty and lack of confidence when starting out, to the importance of that pivotal first deal, Jack and Kevin explore the growth and process that follows. They discuss the power of using a small literal notebook for daily tasks, the significance of customer relationship management (CRM) systems, and even delve into the lessons learned from historical financial crises.
Get ready to learn about the current economic climate, why land may not be an ideal investment choice, and the importance of cold calling and negotiation skills. Financing options like private money and hard money lending are also on the table, as our experts shed light on the criteria lenders look for and offer advice on how to approach loan conversations.
But it's not all about the money. Jack and Kevin also share their insights on the importance of focusing on client success rather than personal gain, and how this shift can lead to dramatic business growth. They touch on the challenges of the commercial space and highlight a new investment opportunity that allows anyone to get involved in real estate with just $10,000.
Throughout the episode, Jack and Kevin provide invaluable wisdom, including the importance of taking action, learning from failures, and finding your niche within the vast world of real estate. So fasten your seatbelts, listeners, because this episode is packed with knowledge and advice that will elevate your real estate investing journey.
Connect with Kevin Amolsch: https://pinefinancialgroup.com/
TIMESTAMPS
00:00:00 reimastermind.net
00:01:13 Starting out as a college student, I learned to buy properties with no money and made deals every month.
00:05:00 Hard money industry: cash, credibility, strategy.
00:07:39 Getting creative, negotiating deals, financing passion.
00:10:44 Focus on one thing; don't try everything.
00:12:57 Bank stops office lending, helps buyer secure $4M loan.
00:17:21 A potential concern is the increasing number of commercial loans due, with interest rates more than doubling.
00:19:46 Investors can join with $10,000, steady 8% return.
00:24:20 Funny task list notebook keeps me organized.
00:26:07 Embrace failure and learn from it.
Look for REI Mastermind Network and subscribe through iTunes or your favorite podcast app! If you like what you hear please give us a rating, like, and share. It really helps the show grow.
SUBSCRIBE to the PODCAST!
• RSS: https://feeds.captivate.fm/reimastermind/
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"You can invest 10,000 hours and become an expert or learn from those who have already made that investment." - JD
...
https://www.youtube.com/watch?v=WQKY2fF9GdA
From the uncertainty and lack of confidence when starting out, to the importance of that pivotal first deal, Jack and Kevin explore the growth and process that follows. They discuss the power of using a small literal notebook for daily tasks, the significance of customer relationship management (CRM) systems, and even delve into the lessons learned from historical financial crises.
Get ready to learn about the current economic climate, why land may not be an ideal investment choice, and the importance of cold calling and negotiation skills. Financing options like private money and hard money lending are also on the table, as our experts shed light on the criteria lenders look for and offer advice on how to approach loan conversations.
But it's not all about the money. Jack and Kevin also share their insights on the importance of focusing on client success rather than personal gain, and how this shift can lead to dramatic business growth. They touch on the challenges of the commercial space and highlight a new investment opportunity that allows anyone to get involved in real estate with just $10,000.
Throughout the episode, Jack and Kevin provide invaluable wisdom, including the importance of taking action, learning from failures, and finding your niche within the vast world of real estate. So fasten your seatbelts, listeners, because this episode is packed with knowledge and advice that will elevate your real estate investing journey.
Connect with Kevin Amolsch: https://pinefinancialgroup.com/
TIMESTAMPS
00:00:00 reimastermind.net
00:01:13 Starting out as a college student, I learned to buy properties with no money and made deals every month.
00:05:00 Hard money industry: cash, credibility, strategy.
00:07:39 Getting creative, negotiating deals, financing passion.
00:10:44 Focus on one thing; don't try everything.
00:12:57 Bank stops office lending, helps buyer secure $4M loan.
00:17:21 A potential concern is the increasing number of commercial loans due, with interest rates more than doubling.
00:19:46 Investors can join with $10,000, steady 8% return.
00:24:20 Funny task list notebook keeps me organized.
00:26:07 Embrace failure and learn from it.
Look for REI Mastermind Network and subscribe through iTunes or your favorite podcast app! If you like what you hear please give us a rating, like, and share. It really helps the show grow.
SUBSCRIBE to the PODCAST!
• RSS: https://feeds.captivate.fm/reimastermind/
• Website: http://reimastermind.net
• Apple Podcasts: http://bit.ly/REIApplePodcasts
• Google Podcasts: http://bit.ly/REIGooglePodcasts
• Spotify: http://bit.ly/REISpotify
• Locals: https://reimastermindnetwork.locals.com/
• YouTube: http://bit.ly/REIYouTube
• Facebook: https://www.facebook.com/REIMastermindNet
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SUPPORT THE SHOW!
• realdealcrm.com
• Get Six Months of RentRedi for $1 https://app.rentredi.com/signUp/JCH191
• Join the Community on Locals! https://reimastermindnetwork.locals.com/
• Get $10 and Reduce Your Business Costs by Shopping at AppSumo: https://bit.ly/reiappsumo
• Get $10 Towards Your First Purchase at Drop: https://drop.com/?referer=3DC729
"You can invest 10,000 hours and become an expert or learn from those who have already made that investment." - JD
...
https://www.youtube.com/watch?v=WQKY2fF9GdA
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Check out the Full Episode!
YouTube: https://youtu.be/1uuzXHuB_4Q
Podcast: https://reimastermind.net/episode/fix-and-flip-to-hard-money-lending-with-ruben-izgelov
With over a decade in the real estate industry – acquiring, flipping, developing and financing over $500 million worth in real estate, Ruben has quickly become a renowned real estate expert, speaker, and guide for many professionals in the industry. The most successful time in Ruben’s career was during the 2009 financial crisis; during this time, he bought, fixed, and sold distressed properties, which showed his determination in both bullish and bearish markets. After using private money financing himself, he quickly saw the innovation desperately needed in the private lending space and decided to spearhead it by co-founding We Lend, LLC (a private lending platform). Ruben originally, however, started as a hard-working eight-year-old boy distributing flyers on the streets of New York, and to this day still takes that work ethic with him everywhere he goes. He is a graduate of St. John’s University and Touro School of Law, where he earned a BS in legal studies and his JD, finishing cum laude and magna cum laude.
We chat about:
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• His experience in wholesaling
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• What are some stories (successes or failures) of clients you've had?
• What is some advice you have for someone that is just starting out in real estate?
Connect with Ruben Izgelov!
• Website: https://www.welendllc.com/
Look for REI Mastermind Network and subscribe through iTunes or your favorite podcast app! If you like what you hear please give us a rating, like, and share. It really helps the show grow.
SUBSCRIBE to the PODCAST!
• RSS: https://feeds.captivate.fm/reimastermind/
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• YouTube: http://bit.ly/REIYouTube
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SUPPORT THE SHOW!
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• Get $10 Towards Your First Purchase at Drop: https://drop.com/?referer=3DC729
"You can invest 10,000 hours and become an expert or learn from those who have already made that investment." - JD
...
https://www.youtube.com/watch?v=J20rdWYBNNM
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Benson Agbortogo is the creator of the Consistent Profit Tree System which helps business owners and entrepreneurs in the construction and service industry generate more profit while working fewer hours.
While living in his native African homeland, at age 13, Benson Agbortogo discovered the immense love of a wealthy God and embarked on a quest to eradicate poverty. Benson became a missionary pastor with the purpose of helping people dedicate their lives to God but noticed most people still struggled economically and lived in financial poverty.
The Lord urged Benson to seek to understand the timeless, proven, economic principles of creating wealth to help others experience financial abundance. He moved to the USA where he has earned both a B.S. in Business Management and an MBA. Since then, Benson has served business owners through his Kingdom-based consulting services. He has authored 4 books, including “The Business System That Never Fails.”
We chat about:
• The Business System That Never Fails
• How To Overcome Fear in Business
• How To Build a Business with God’s Blessing
• More Profit in Fewer Hours
Connect with Benson Agbortogo!
• http://5profitmaximizers.com
Look for REI Mastermind Network and subscribe through iTunes or your favorite podcast app! If you like what you hear please give us a rating, like, and share. It really helps the show grow.
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"You can invest 10,000 hours and become an expert or learn from those who have already made that investment." - JD
...
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how-to-get-your-virtual-assistant-off
Check out the Full Episode!
YouTube: https://youtu.be/M8f3-PPnG2s
Podcast: https://reimastermind.net/episode/leveraging-the-power-of-virtual-assistants-with-greg-brooks
Greg is a partner in Rocket Station and oversees everything business development and marketing. He joined the Rocket Station team with an immense background in sales and entrepreneurship, both in the public and private sectors. He has led teams in many industries including sponsorship, fundraising, consumer packaged goods, military resale, and hospitality. On top of this, he has worked for some of the top Fortune 500 companies as well as having started and sold multiple companies of his own.
Connect with Greg Brooks!
• Website: https://discovery.rocketstation.com
Look for REI Mastermind Network and subscribe through iTunes or your favorite podcast app! If you like what you hear please give us a rating, like, and share. It really helps the show grow.
SUBSCRIBE to the PODCAST!
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SUPPORT THE SHOW!
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• Get $10 Towards Your First Purchase at Drop: https://drop.com/?referer=3DC729
"You can invest 10,000 hours and become an expert or learn from those who have already made that investment." - JD
...
https://www.youtube.com/watch?v=ubgyHmOKirI
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SUBSCRIBE! @reimastermind
Shaun Young is a dedicated coach who has helped numerous students achieve their goals. With a passion for teaching others how to succeed, Shaun has developed a unique exercise called the "seven layers deep why exercise." Through this exercise, Shaun guides individuals to dig deeper into their motivations and understand the true reasons behind their aspirations. By asking a series of "whys," Shaun ensures that his students have a clear understanding of their purpose and motivation. This clarity is essential in facing challenges and persevering through tough times. Shaun's coaching style is driven by his commitment to helping others achieve freedom and fulfillment in their lives. With his guidance, individuals are empowered to overcome obstacles and reach their desired outcomes.
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Dustin Serviss understands the value of patience and long-term investments. While others are focused on quick gains, Dustin believes in the power of rental real estate. He sees it as a simple yet effective way to build wealth - someone pays down your mortgage over time. This perspective often leads to spirited debates with his father-in-law, a homebuilder who advocates for flipping houses for instant cash. However, Dustin recognizes that not every property can be flipped immediately. For him, real estate is a long game, emphasizing the importance of steady growth and sustainable financial success.
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Hello everyone, it's Jack with another Tip Tuesday.
But before I do I'm going to direct you to reimastermind.net and check out the podcast. I've had some amazing guests and feel I'm doing you a disservice if you have only checked out these short tip episodes.
Today I was reminded yet again how powerful small consistent actions add up to huge results.
We live in Minnesota and are finally getting a taste of spring. Unfortunately, this also means we have quite a bit of snowmelt. This can be a problem if there is a lot of drifting near a property... and this is exactly the situation at my personal house.
This means I need to move the snow away from the house so the melting snow doesn't find itself in the basement. So, I went to the garage... took out the biggest shovel I could find, and started shoveling the snow away from the foundation.
You can imagine what soon happened. I wore out... quickly. What did I accomplish? A single path of snow was removed. It sure didn't look like enough to match the effort.
I needed to recover so I went back into the house. Took care of a few things... and then noticed my wife was outside shoveling... and she had moved A LOT of snow. Far more than I had accomplished.
How did she pull this off?
She had opted for one of the smallest shovels. One she could handle. One where she could easily lift. She was out there shoveling for quite a bit longer but she moved a heck of a lot more snow.
But that's my point. It took her quite a bit more time but it didn't tire her out as quickly. She chipped away at that snowdrift with that small shovel and eventually moved a mountain of snow.
The same can be said for real estate investing. Consistency wins over big efforts. Taking those small steps every single day towards a goal accomplishes the end result and typically with a lot less daily effort.
Look for REI Mastermind Network and subscribe through iTunes or your favorite podcast app! If you like what you hear please give us a rating, like, and share. It really helps the show grow.
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Erik Oliver holds a Bachelor of Applied Science in Accounting from Westminster College. Prior to joining Cost Segregation Authority, Erik was an Operations Manager for a multi-million dollar landscaping and design firm in Long Island, NY. Since heading west and joining Cost Segregation Authority, Erik has been speaking at local, regional, and national events. He brings with him a passion for identifying cost savings and educating commercial real estate owners on the benefits of cost segregation.
We chat about:
• Tax Implications for Real Estate Investors
• Cost Segregation and the Impacts of Tax Reform
Cost Segregation:
• 179D Energy Credits
• 45L Energy Credits
Connect with Erik Oliver! https://costsegauthority.com/
Look for REI Mastermind Network and subscribe through iTunes or your favorite podcast app! If you like what you hear please give us a rating, like, and share. It really helps the show grow.
SUBSCRIBE to the PODCAST!
• RSS: https://feeds.captivate.fm/reimastermind/
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SUPPORT THE SHOW!
• Get Six Months of RentRedi for $1 https://app.rentredi.com/signUp/JCH191
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• Get $10 Towards Your First Purchase at Drop: https://drop.com/?referer=3DC729
"You can invest 10,000 hours and become an expert or learn from those who have already made that investment." - JD
...
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Justin Silverio is a long-time real estate investor, entrepreneur, founder, and educator.
Justin has been investing in real estate for nearly 20 years. He founded one of the most widely used real estate marketing firms called OLM and has been teaching investors his process for more than a decade.
Now Justin is launching a new CRM platform called Invelo. This tool incorporates all his learning from the last 20 years and is designed to help investors learn and implement proven best practices.
Check out Invelo at https://inveloapp.com/
Look for REI Mastermind Network and subscribe through iTunes or your favorite podcast app! If you like what you hear please give us a rating, like, and share. It really helps the show grow.
SUBSCRIBE to the PODCAST!
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SUPPORT THE SHOW!
• Get Six Months of RentRedi for $1 https://app.rentredi.com/signUp/JCH191
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• Get $10 Towards Your First Purchase at Drop: https://drop.com/?referer=3DC729
"You can invest 10,000 hours and become an expert or learn from those who have already made that investment." - JD
...
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Let's face it, if someone is calling you during the holiday season that is a VERY strong sign of motivation.
Look for REI Mastermind Network and subscribe through iTunes or your favorite podcast app! If you like what you hear please give us a rating, like, and share. It really helps the show grow.
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"You can invest 10,000 hours and become an expert or learn from those who have already made that investment." - JD
...
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