The Grab the Map Podcast: Real Estate Investing Info and Advice for All of Us
The Grab the Map Podcast: Real Estate Investing Info and Advice for All of Us
Johnoson Crutchfield
This podcast is made to work on both mindset and knoweldge of new and established real estate investors alike. The show host is an active real estate investor who offers advice, interviews guests for added perspective, and uses guest feedback to make sure your questions are answered. Shownotes: Welcome to the Grab the Map Podcast, where we encourage you to invest in rental real estate. Don't just look at it, grab the map. Have you thought about doing something for a long time, but not acting? Maybe you saw "signs" that it was time to do something but you wanted to educate yourself first: study, work, practice, or talk. I've wanted to start a podcast for a while, ordered materials, thought about my topics and guests, plus how to differentiate. Since I've begun investing in real estate, I've been helped by many people. They've talked me off ledges when I was ready to quit and helped me with the investor mindset. I want to give back to the community. It's not always easy for me to talk to new groups of people, but what makes it easy is my passion about cashflow and changing perspective. [3:30] Today's topic: where my mind-frame is. I'm a real estate with many rental properties, primarily in Texas and Mississippi. I like helping people and restoring my community. My workout this morning didn't go as planned, I received negative calls from funding institutions, and some contractors were moving slowly. No day is perfect. If I waited for the "stars to align" to start this podcast, we wouldn't be talking. I would have never started. As you get started (or keep going) in real estate, be willing to re-align even on imperfect days. [05:55] I'm 32 years old. I've been married 13 years with two children. (On the next episode, I'll talk more about my story.) One of my favorite phrases is: "If it was easy, everyone would do it." It applies to real estate investing, taking action, and creating cashflow. Why doesn't everyone invest in real estate, buying houses, duplexed, triplexes, apartments, and rent them out? If I said you could own a property that pays out $1200 per month with $800 in monthly expenses, and you pocketed the difference, everyone would want that $400 per month! [07:50] The truth is, dealing with tenants is difficult. What if they don't pay? What if they wreck your house? What if they sue you? What if the tenant disrespects you, trashes your name in the community, has pets, is not clean? What if the toilets, air conditioning, plumbing, foundation or roof go into disrepair? It's not a W-2 that always pays you on a set date every month. You're creating your own paycheck. [09:20] Everyone's heard horror stories about contractors who take money without working, who don't know what they're doing, or put liens on properties for uncompleted work. What about the contractor who promises a lot but can't complete? Or does something surface-level only? Will you have no time and lose your family? What about financing? How can I buy 5, 50, or 500 houses? How do I get the money AND pay my bills? [11:25] It will increase your family's net worth, and all of those above fears are true. If it was easy, everyone would do it. We're asking you to find a house worth $100,000, buy it for $40,000, fix it up for $40,000, and have $20,000 equity in that house. Find a deal, which is hard in this market. I never invested during the "easy" times. [12:20] I want to create an environment where we look at the real things about the real estate investing business, talk about them and develop solutions to these problems. In the meantime, think about this: If it was easy, everyone would be buying houses, fixing them up, and selling them at a profit. It's not easy. You're doing something that most people won't do, so you can live the way most people won't live. [14:20] Will you take the time to think about why it's hard? Or will you take the difficult route and do what's hard, and not submit to what's easy? It's time for you to invest. If you'd like to reach out, email me at grabthemap@gmail.com. I don't need anything from you, but I'd love to hear about what you have going on. Don't just look at the map, grab the map!
Episode 32: Time Freedom and the American Dream with Conrad Jackson
In today's episode of Grab the Map Podcast, Conrad Jackson, Top Producing Real Estate Agent at RE/MAX, discusses real estate and time freedom. Conrad is a veteran in real estate sales. He started when he was a teenager and built his foundation from there to slowly build his experience, reputation and knowledge. His strong emotion for filial piety, allowed him to work harder to ease the life of family. Listen to this podcast as Conrad shares his life journey towards success. The starting point of Conrad's Real Estate Journey [02:07] Conrad started his career as a teenager. He went to college for an engineering degree but went back home since he did not like it. A high-school friend of his introduced him to real estate when his dad was looking for an assistant. Conrad started his career as an assistant for a real estate agent. Conrad's education [04:02] Conrad did not finish his mechanical degree. He might have loved the school and the campus but engineering is not just his interest. He came back and enrolled in the University of Texas at Arlington where he changed his major to real estate. Now, Conrad has a Bachelor's degree in real estate. Conrad's life-experience and advice as a beginner [05:52] Conrad thinks his beginner days were the best as he was able to learn how to be successful. He learned directly from the professional as an assistant. He witnessed his appointments, how the business was run, and going to appointments. It gave him the ability to tailor what he wanted to be. Through that, he was able to create his own space, networks, manage his listings and do whatever he feels like doing. [07:33] He advises people who are trying to get into real estate sales, that the best way to learn is to be an assistant to somebody who has been doing it for a while. You get to learn without having your license on the line. Benefits of Real Estate [08:25] Real estate is life changing as it brought us time-freedom of decision making. We have the freedom to make choices as opposed to being tied and have no flexibility on the job that you are dependent to. [09:31] His advice is that if you can create some type of passive income, real estate is the best way to do that. You can set yourself up to not have much pressure making the day-to-day life decisions. Decision-making process in a Real Estate investing [11:43] Conrad believes that you need to have a system in place. He set parameters for each particular real estate investment deal and he is more interested in cashflow, where money comes in every single month. He looks for property and evaluates how it's going to cost him from renovation. From there, he gauges the price point accurately as a mistake would affect everything in a certain way. How Conrad finances his projects [16:17] Conrad started his career by borrowing money. He learned that if you have cash, you can leverage it to use lines of credit or get financing for the properties while still keeping the cash as a safety net. Avoiding risk to avoid compromise [18:20] Conrad avoids risking. He believes that his numbers would work and that he would trust the system he had set up for himself. Conrad's long-term goals with Real Estate [26:29] Conrad's goal is to create a sustainable business where the business grows by itself without him being there. He wants to take his time travelling with his wife and his family. Have his wife make decisions for herself on what she wanted to do and create a comfortable life for his children and make them decide the path they wanted to take. The American Dream [29:27] Conrad believes that the life he is living with can be attained by anyone. It is a dream available for everybody if you take action early. How to reach Conrad Visit Conrad's Website: https://conrad.daviddevries.com/ View Conrad's Masterpieces on Pinterest: https://www.pinterest.ph/devriesteam/ Connect with Conrad and his team on their Social Media platforms: Facebook: https://www.facebook.com/conrad.jackson.18 Twitter: https://twitter.com/devries_team
Dec 21, 2020
39 min
Episode 31: The Cost of Growing a Business
Today, John improvises and talks about the cost of growing a business. What gets you into this business [1:36] What gets you into this business is hope. What gets you into this business is the dream of getting rich. What gets you into this business is the stuff, the materialism. Maybe the popularity gets you into this business. Maybe you get into this business for the legacy. You want to lead your kids or you want to have something to pass on when you die. How Real Estate changed John's life [2:22] Because of real estate, John doesn't have to have a job if he doesn't want a job. He doesn't have to listen to a boss. Appreciate him or not. He can get up at the time of the day he wants to get up. And he stopped working at the time of the day that he wants to stop working. [3:16] For John, you got to work harder than everybody else. Costs of growing a business: [4:24] There's a good chance that going all-in in the real estate business will have you away from your family more than you're with them. [5:55] The Cost of the time that you lose. The cost of anxiety for running a business. [6:47] There's a cost of judgment. Not only will you be judge by others, but you will start to judge other people. [7:20] There's a cost of this business of money. Sometimes you are going to lose money. There will be things that you thought were home runs that you thought would work well that fall on their face. Links Mentioned: grabthemap@gmail.com www.grabthemapllc.com
Dec 17, 2020
11 min
Episode 30: Start a Real Estate Business Having Little to No Capital with Sean O'Rourke
Sean O'Rourke is a newbie in the field of Real Estate and considers it as a side hustle. Sean thinks long term and wants to create relationships that would benefit his business and create profit. His unique mindset enabled him to become very successful in the world of real estate with very little knowledge. Today he shares his experiences and how he managed to make himself successful. [2:30] Sean's background: Sean always had that mentality that he needed to do something besides working the 9 to 5. He created businesses such as a decorative concrete business and got introduced to the construction side of Real estate. After dropping the business, he got employed at the company he previously worked. [5:54] Getting educated about Real Estate: Sean engulfed himself into Real Estate where he listened to podcasts, watched youtube videos, and just educated himself on anything about real estate. [6:28] Getting his First Deal: Sean actively calls from his list of Real estate owners. Without any background in Wholesaling, he got his first deal and made 750 dollars. [10:34] Making himself better prepared than he was before: There are 3 different things that Sean is currently doing... 1. Paying off things that are not assets. 2. Making sure that he is Liquid 3. Diversifying the rental portfolio and multiple streams of revenue [12:30] Saving and becoming Liquid: Through the business that Sean created with simple homes, the income drastically changed. But Sean's mindset is still unchanged where revenue or income has increased then his living habits and spending can also increase. He needed to be clear cut on a regimen for a certain period of time. [17:28] Becoming Full-time on Real Estate and seeking advice from others: Sean quit his job to be Full-time on Real Estate. He then met a successful person that gave him confidence on what he wanted to do and he seeks advice and approval from people because he wants to be responsible and smart in the decision he makes for his business. [20:35] The Factors that pushed him to Quit and the Opportunity: Sean had a goal even before the opportunity presented itself to him. His goal was to make 10, 000 a month in cash flow. He wasn't going to quit his job but two things pushed him to do so which was because of religion and because he was a bad employee at his job. So he decided to quit his job and go full-time on Real estate and became partners with businessmen who owned a multi-million business. [23:33] Sean's favorite deal: Sean's favorite deal was with a lady whom he negotiated for a property that has been vacant for about 5 years. Not only did he make a deal with the lady but also managed to create a friendship with her. They also negotiated on another property that she owned. For Sean, he cared more about the person rather than the profit How thinking outside of the box benefited Sean: Sean wanted things in life but he didn't have the money for it so he figured out ways to make it work and he took knowledge from listening to other people and getting ideas. [33:37] How Real Estate benefited Sean's Life: Real Estate changed Sean's stress level which is one thing. The other is that he has an opportunity now. The real estate changed Sean's life drastically and has given him the flexibility to have free time if he wanted to. It gave him control over his time. How to reach Sean O'Rourke: You can reach Sean on his social media platforms... Bearded Property Investors: FACEBOOK: https://www.facebook.com/pages/category/Real-Estate/Bearded-Property-Investors-303586977085428/ Simple Home Exits: WEBSITE: https://www.simplehomeexits.com/ FACEBOOK: https://www.facebook.com/simplehomeexits/ You can also send an email to Sean at beardedpropertyinvestors@gmail.com If you want to be a real estate investor, email John at grabthemap@gmail.com or http://www.grabthemapllc.com/
Dec 8, 2020
36 min
Episode 29: So You Want to Be a Real Estate Investor
So, do you want to be a real estate investor? John talks about real estate investing in this episode of Grab the Map podcast. He also talks about investing in rental property, flipping property and wholesaling property to take advantage of the opportunities in the real estate marketplace. This episode also covers those who are not sure if they really want to be a real estate investor. He has a cousin who is in decision mode, so he thought of making this podcast. This might apply to you. [1:03] He will talk to you about: 1. Why you want to be a real estate investor? 2. How do you want to be a real estate investor? Real estate is the real deal. 90% of wealthy people own real estate. Those people have real estate in their portfolio. Real estate is a BACKBONE of our economy. It's FOUNDATIONAL from the very early days of this country where they gave away tracks of land to people from Europe to develop, grow, and settle that land. Today, that is still happening in our economy. Real estate has the opportunity to bill MASSIVE WEALTH. Real estate has the opportunity to grow wealth at speeds that other businesses might not be able to do so. You can be a real estate investor in many different ways. [3:50] You need to set goals for what you want to achieve by becoming a real estate investor. Maybe you're like John who has a dream owning your own real estate brokerage, owning so many rental properties or retiring from your job. You need to decide why you're getting involved in real estate. Contribute your money and grow it at a faster speed than if it was sitting on your bank account. [5:04] There are different ways that you can be involved in real estate investing by asking yourself these three questions: 1. Do you have experience with real estate? 2. Do you have the time to commit to real estate? 3. Do you have money to invest in real estate? [7:50] You can decide to get involved in real estate investing based on which of those three questions you have. If you have time, you can do all kinds of things in the real estate world. If you want to be a real estate investor, email John at grabthemap@gmail.com or http://www.grabthemapllc.com/
Dec 1, 2020
14 min
Episode 28: People Who Think Small
Welcome to the Grab the Map podcast where we don't just look at it, we GRAB the map! John hosts this podcast each and every Tuesday. This week we talk about people who think small. We are building a community out on Facebook, Grab the Map is how you can find us. We like to hold rental real estate, we like to manage real estate, have it managed by a professional management company or self-manage depending on what works for you. I teach students how to get started, I teach students how to scale-up. Hope you'll join us in a class or mastermind. [5:17] People who think small don't understand people who think big. People who think big think differently than who think small. People who think small set limits on what they can achieve. I am here today as you watch this video to let you know that there is no limit to what you achieve if you get educated, if you make a plan, and if you hustle. [6:07] The reason that big players, big investors, and big entrepreneurs go really far and get really big and grow really successful is because they don't set limits on their achievement. [11:08] You know, Donald Trump has his name on buildings on major cities across the world and I see his name on those buildings and I have to know he had to THINK HUGE! If you are looking to grow in the real business and you believe you have something valuable to the table, get in touch with grabthemap@gmail.com. You can also visit his website to learn more about him and his services at http://grabthemapllc.com/.
Nov 24, 2020
12 min
Episode 27: My Success Formula
In this episode of Grab the Map podcast, Johnoson Crutchfield wants to talk to you about his Success Formula and this formula is something that he can think everybody can take advantage of to level up no matter what business you are in. He will tell us in this episode three steps to being successful no matter what business you are in and we hope this helps you. [1:19] Three steps to be successful no matter what business you are in: 1. Get educated – know all the terms, all the definitions, and people that have been fundamental in real estate investing etc. 2. Make a Plan after getting educated – how much time are you gonna spend? how much energy are you gonna spend (how many hours/week)? 3. Hustle - when you have all those above mentioned. [8:12] When John was the principal of a school he got educated by listening to podcasts after podcasts and bought a lot of books after books. Didn't invest in real estate by this time because he has to educate, plan, and hustle until he reached his success in life today. If you are interested in investing in real estate and making connections, shoot an email grabthemap@gmail.com. Read on some of our blog posts at http://grabthemapllc.com/. Come in and watch our mastermind group every Mondays @ 6 o'clock PM.
Nov 17, 2020
12 min
Episode 26: A Big Mistake
Johnoson Crutchfield loves teaching students and all people on how to grow their wealth in the real estate world. [1:40] Sometimes we want to grow our business so much that we forget to make good decisions that lead to prosperous relationships. [2:57] John learns from his mistake on: 1. You want to maintain relationships with people more than you want to make money. 2. Integrity – do what you say you'll do, communicate if something changes, communicate if it looks like you're not gonna be able to get something done. 3. Protect and preserve relationships at all costs. Show us that you are engaged and partner with us, you can reach us out to our community channels at grabthemap@gmail.com | Facebook | Instagram. For today's episode of Grab the Map podcast, John talks about a recent personal mistake he made.
Nov 10, 2020
7 min
Episode 25: Tightwad Todd Quits His Job
In this episode of Grab the Map, Johnoson Crutchfield is excited to invite and talk with Tightwad Todd about their similarities of interest and passion in real estate investing. Tightwad will tell his story to you about his origins. [1:40] Tightwad was a student of University of Florida studying in Business. He was introduced to a book that led him to change his outlook in life. 40 hours/week job isn't his cup of tea anymore. He bought tickets of ball games and sell it on Ebay that generates profit. [5:10] He started a job but in about eight months he got laid-off. A time of great recession. There are also difficult period of his life; financial challenges. By then, it allowed him to reflect on what the future would be and what should be accomplished. The goal was to have a financial freedom not relying on a company that placed him in trauma. [7:18] Tightwad took a job at mortgage banking looking finances of thousands of people. [9:20] Tightwad started to buy distressed properties that's foreclosure and fix them up. [11:42] Have a budget and have a plan to use your money to accomplish the things that you set out. [17:16] As you're getting more involved your knowledge is growing to move forward to push through from these metal barriers. Education and finding that right mentor to help you push along because it's possible for anybody. Surround yourself in a circle. [19:00] There was a mentor that was an eye opener for Tightwad. Accomplishing portfolios in the next 10 years. [21:23] Have a clear criteria for what to buy. Refine them to know exactly what to buy. Know when to pull the trigger or pass. Find something that would generate a better return in the stock market. Stock market typically generates about 8% over the long term. He wants more over 8% return because time is gonna be involved. He ended up finding going with criteria that is 15% cash on cash return and 10% equity after the property rehab. [24:38] The main goal or reward once hitting financial independence is to have a bucketlist and travel with fiancée. [25:27} Tightwad come up with setting up a system where all of the phone calls will be routed to an email mailbox where all of the residents will have a maintenance request it goes into this inbox. This a property management system where someone is authorized to manage in behalf of Tightwad. He found a Virtual Assistant. [26:55} The amount of money to invest from a couple of thousand (property management) down to a couple of hundreds (property management system). [29:22} If you really want something, you need to pursue it. There's gonna be people that will support you in your journey and there's not no matter what you do. Just focus on becoming financially independent. [32:25] The most important asset is TIME. We're not gonna be able to get the time BACK; a lot of it stems from the death of his dad's early death. [36:22] Tightwad's journey is his budget was always the foundation of everything. It is the spending plan; what are the comfortable spending on and what wasn't. It's exciting to watch your income and savings grow and eye opening to see how much you can be spending on certain categories. [39:28] Tightwad learned that he wants to help people financially free at an early age. Mentioned in this podcast: Connect with Tightwad Todd for coaching sessions at http://tightwadtodd.com/ If you are interested investing in real estate and make connections, shoot an email grabthemap@gmail.com. Read on some of our blogpost http://grabthemapllc.com/.
Nov 3, 2020
45 min
Episode 24: 10 Things I Did Wrong
In this episode of Grab the Map podcast, we are giving you the 10 Things I did wrong when I started my real estate business: · I didn't keep good books in the beginning [01:22] You need to keep good books from the very beginning of your business. What I mean by good books is you need to account for every cent that moves hands in and out of your business, you need to keep accurate records. Have a system in place from the very beginning. · I didn't take a profit first [02:21] Taking a profit allows you to see real returns on all of your effort in business. It allows you to also save a pool of money so that when things get hard and things get tough, you have been keeping money. · I thought I could handle all of the details myself [03:40] You do not have to do it all yourself and the details may be helped may help you a lot if you get somebody that can help you manage the details. I hire contractors with no references. · I destroyed good friendships over money [04:32] Think long term with your relationships. Don't argue about money. Don't get so greedy that you lose friendships over money. · I hire contractors with no references [05:18] Find out who they've worked for recently and what they've done. And if that person is still happy with them. · I tried to do things on the cheap all the time to save money [05:54] You might find somebody who's really cheap, and they do a great job. But most of the time, if you find somebody who's really cheap, you get a really cheap job. · I thought being humble and not sharing what I was doing was smart [06:46] You've got to tell people what you're doing. It grows your business so much faster. · I thought my credit wasn't important [08:07] Your credit is important as a real estate investor. You've got to start getting it right from right now. You got to pay on time for stuff. You've got to know what your credit score is. And you've got to know what affects your credit score, and get an education about your credit. · I partnered with the wrong person [09:03] You don't want to partner with the wrong person. Spell out the rules correctly. But if you do not spell out things right partnerships can really be frustrating. Make sure that before you partner up with people that you have an energy that you have a synergy and that you can do what you're supposed to do to meet your obligations. · I didn't focus on over delivering to my customers [09:57] Over promise and over deliver and people will come back. People will do more business with you don't shortchange people. We would love to have you part of the community! You can email us at grabthemap@gmail.com or connect with us on: Facebook | Instagram | Podcast |Website
Oct 27, 2020
11 min
Episode 23: Partnering Up
In this episode of Grab The Map Podcast, Johnoson talks about Partnering up in Real Estate Business. He discusses the most important factors to consider that will answer to leading questions of when the good time to partner up is, how to partner up, and who to partner up in real estate or in any type of businesses. WHEN IS THE GOOD TIME TO PARTNER UP? [3:09-4:25] You should only partner up if the partnership allows you to do something that you are not able to do on your own. It is true that you can achieve anything, but you cannot achieve and do all of them at the same time. Partnering up allows you to accomplish something that you could not accomplish on your own. [06:51-07:53] Your involvement in a project that you cannot do on your own allows you to scale up and level up in a way that you would not be able to do otherwise. Maybe you don't have the experience that somebody else has like growing a business, managing people, and education. But you have the money or time. Partner up if you have something that you bring to the table that only you can bring to the table, or that that makes you that resource that somebody else doesn't have. [8:29-9:21] You partner up when your experience or your time or your money meets the need of a partner that also brings something to the table. One of the people brings the money to the partnership and the other person brings the property management expertise to the partnership. That is the type of partnership that you should be looking for. [10:05-10:36] If you have a proven track record of success with those things, you're ready to partner up. Before that you are not ready to partner up. If your mindset is still limited, if you are life or income stream is not stable, YOU ARE NOT READY TO PARTNER UP. HOW DO I PARTNER UP? [11:29-11:40] When you partner, you need to make sure that both parties feel like what they bring to the table is being equally valued. Partner in a way where everybody feels like what they bring to the table is valued. [13:38-13:58] Partner up in ways that are mutual beneficial. Partner up in ways that allow both people to win. You partner in ways that both people are accountable for holding up their end of the partnership. WHO DO I PARTNER UP WITH? [15:09-15:23] Choosing who to partner is very crucial. You really to start identifying people that would bring extreme value to your business, and partnerships that would allow you and your partner to grow in successful ways. Few rules to consider: [15:34-15:155] People who have demonstrated a track record of success. Look at the commitments that the person has made in the past. Look at the jobs that the person has held. Search up where they live, and how long they've lived in that location. Ask around about that person. [17:33-17:40] Partner with people who have a similar ideological belief about life and money, as you do. We should all have a synergy when we partner that allows us to work together If you are looking to grow in the real business and you believe you have something valuable to the table, get in touch with Johnoson at grabthemap@gmail.com. You can also visit his website to learn more about him and his services at http://grabthemapllc.com/.
Oct 12, 2020
23 min
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