Epic Real Estate Investing - 25 Deals at $5,000 Each in the First 6 Months with Brad Weber | Episode 74
Episode Date: November 11, 2013You read the headline correctly. Brad Weber, Epic Pro Academy member, is tearing it up! The crazy part is he sometimes doesn't think so. Listen in on his conversation with Matt as they discuss the spe...cifics of what's producing Brad's quick success. Quick Reminder! The Epic Pro Academy's promo launch ends November 17 at midnight. Become a member before November 17th and your annual memberhip will be converted to a lifetime membership Jan 1, 2014. Click here to join now at 50% off the 2014 price. This offer will never be made again. -------------- Matt Theriault shows people how to invest in real estate at the Epic Pro Academy, or he does it for them at CashflowSavvy.com Access Matt's free course, How to Do Deals : No Money Required, at FreeRealEstateInvestingCourse.com Learn more about your ad choices. Visit megaphone.fm/adchoices
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Broadcasting from Terrio Studios in Glendale, California, it's time for Epic Real Estate Investing with Matt Terrio.
Yes.
Hello.
Hello, and welcome to another episode of Epic Real Estate Investing.
Life and business.
It's rocking over here.
Hope it's, I hope it is for you over there as well.
And if it's not, hey, let's see what we can do about that.
You know, a few years ago, I really held on.
to a thought that that kept me going through the rough times of my business.
And that thought or fact, if you will, was knowing that more millionaires and billionaires
are created through real estate than any other business, any other industry, any other
investment vehicle.
And if more people have created their wealth through real estate than anything else,
well, that means one of two things.
Either one, there's more opportunity inside of real estate than anything else.
or two, it's easier than anything else.
And I mean, you know how people are.
You know the human condition, the condition to take the path of least resistance.
I mean, that doesn't go for every human being, but look around you.
I mean, you don't have to look too far to recognize that that is definitely a fact.
I mean, if there is an easier way to make a million bucks, people will definitely take it every time.
In fact, they're out there looking for that easier way every day.
I mean, there's a huge and wide-reaching industry that revolves around.
this very thing. People's desire to be rich. You know, the industry does nothing but come up with
new ways to show people how to get rich and to do it easily and to do it quickly and, you know, in my
opinion, just because of the statistics, because of the sheer massive amounts of information out
there, you know, having created more millionaires and billionaires than anything else, investing in
real estate is the easiest and fastest way to riches. But do not mistake my statement of
easiest and fastest with easy and fast. No. Not by any means did I say that or will I ever say that.
You know, investing in real estate is the easiest way for the average person to get rich,
but it's not easy. It takes effort. It takes patience. It takes persistence. It takes work,
hard work. And it is the fastest way to get rich too. But it doesn't happen fast. I mean,
it does, I guess, relatively speaking, but it's not going to happen overnight. It doesn't happen in weeks
or even months, but it indeed, it doesn't take a lifetime either.
You know, real estate is going to require more effort than most people ever want to do.
And if you're afraid of hard work, the biz, it's not for you.
But here's your option.
You can either bust your butt and work harder than you ever have for a few years
and then slip life into cruise control.
Or you can get a job and never really be required to get out of first or second gear
and then just stay there the rest of your life while your boss enjoys.
his life on cruise control. Your choice. You work hard now so you can sit back and relax later
and enjoy life while you're still young enough to do so. And today on the show, I'm joined by
another hardworking epic pro academy member that's on his way down that very path. And we're going
to hear about how he's running his business successfully already. I mean, he's only been investing
in real estate for a few months now. And in life and business, it's already rocking for him. And I'm
going to have him tell you all about it. But first, I got a real quick announcement. There are just
seven days left to take advantage of the discounted Epic Pro Academy membership.
I'm closing the doors to new members at midnight on Sunday, November 17th.
I'm closing it down to complete the Academy in the way that I had originally envisioned it.
The Academy will still be accessible to existing members.
It's just going to be shut down to new members so I can focus on the building process without, you know, distractions.
So long story short, go to Epicproacademy.com, click the join tab, select the Platinum membership.
that's the annual membership, and effective January 1st, along with all current platinum members,
you'll be grandfathered into a lifetime membership.
You've got seven days left to do this, and this offer will never be made again.
All right, so there's my pitch.
And now let's get on with the show.
An Epic Pro Academy member that's just tearing it up, he doesn't think so sometimes, but I'll let you be the judge.
Hailing all the way from Cleveland, Ohio.
I introduced to you, Mr. Brad Weber.
Brad, welcome to the Epic Real Estate Investing Show.
Thank you for having me.
You bet.
Really glad that you're here.
I know you're working really hard and you're on the way I caught you in between meetings.
So thanks for being here.
To get started, can you just share a little bit of your background and specifically what was life like for you before you decided to become a real estate investor and join the Epic Pro Academy?
Sure.
I'm 28 years old.
I've got a young family married.
I've got a two and a half year old son and another baby on the way now.
And for the last eight years since I was about 20, I've been selling real estate as a real estate agent.
I actually sold real estate while I was in college just before graduating.
I'd always heard that it was a good vehicle to get into in terms of a way to make a living.
So I tried it out while in college, and it's been what I've been doing ever since until this year.
Got it. Got it. So congratulations on the new baby, by the way.
Thank you.
You bet.
So you were working as a real estate agent.
What was it about being a real estate agent that led you to want to become a real estate investor?
You know, I don't know if it was anything about being an agent that led me to wanting to be an investor.
It was more what being an agent wasn't that led me to want to try the investing thing.
You know, when you're an agent, you have very, very little control.
I think it's perceived otherwise, but you don't have any control over.
a lot of the way your business functions, and I was feeling constrained, and I felt like I was kind of
in a wheel, just running this wheel getting nowhere and doing the same thing day in and day out,
and though I was my own boss, I didn't feel the freedom that people think that you'd feel when I was doing that.
So for the last couple years, I've been kind of open to whatever the universe is throwing at me
for new opportunities, and I came across your podcast, and that led me to,
learn more about what you guys offer.
Got it.
Got it.
So on the podcast, we talk a lot about freedom, but what was it about the podcast or just the subject
of real estate investing in general that, you know, kind of presented an idea that there
might be something more there for you, more of what you're looking for?
The way the podcast was structured, the things that I was hearing in the podcast were just
were resonating with me.
I was hearing things about setting up plans that create definitive results and consistent ends to the work that you're doing,
which is what I was definitely missing in being an agent.
I wasn't able to get to wrap my head around creating some sort of plan that got me to a definite end,
definite retirement, not even retirement, but freedom.
And I heard things in the podcast that gave that to me, so it was definitely enticing.
Got it.
Okay. So you became a member of the Academy, and you've been a member, I don't know what, about six months now?
Probably. Okay. So in those six months, tell me about, you know, tell me about what you've accomplished.
Actually, let's walk through your very first deal.
She stumbled into my first deal, which was lucky on my part. But I, you know, through being an agent, I was always getting calls from people that, not always, but often getting calls from people that wanted to sell property that I,
I couldn't make any money on if I was to list the property to sell it.
And that had been a problem I'd run into a lot over the years
where there'd be lower-end properties or, you know,
working-class neighborhoods, places where it doesn't really make sense for me to list the home
because I'm not going to get future business out of it.
I'm not going to make any money in commission on it.
So I always threw those away.
Well, I started learning from the Epic Pro Academy,
and one came across my plate just like that.
and it started to be an opportunity for me instead of something that I would just throw away.
So I presented the idea to the seller that, hey, I could probably buy your house as opposed to listing it since your goal is selling it.
And it went from there.
Super, super.
But you said you lucked up on it.
How did you stumble across that opportunity, that first one?
That's it.
I received a phone call from somebody's relative of a past client of mine.
and took it from there.
Got it.
So essentially from your network
and from the people
that you already knew.
Right.
We were already an agent,
so people had you in mind
for that reason already.
Mm-hmm.
Perfect.
Okay, so I know you've done
a bunch more since then.
What happened next?
Well, you know,
when I was an agent,
I wasn't trained to do any marketing
in terms of getting my name out there
and hoping people call me,
you call it fishing.
I wasn't trained to do any fishing.
I was trained to go hunting.
So that's the only thing I knew.
You know, I knew for sure that, given no other resources, I could at least get on the phone and hunt.
And so that's what I started doing.
The first thing I started doing, before I did any marketing, before I sent out any letters or did anything like that,
I just got on the phone and started calling specifically expired listing.
Okay.
And my second two deals after my first one, both were expired listing.
Got it.
Got it.
That's certainly a viable list.
source. Absolutely. I think it's untouched by non-real estate agents, but it's certainly a way that
as when I was a real estate agent, I remember that's one of the ways they, primary ways they taught us to go out and get business.
That sounds like the same way that you did as well. When you, when you contacted expired listings,
did you contact them as an agent or as a buyer?
I actually, it felt so good to be able to make those phone calls and contact them as a buyer.
because, you know, those people, they get a million calls from agents all the time,
and there's always this apprehension, this, like, tension where they don't want to talk to you.
So I felt like it felt so relieving to be able to call them and say, oh, wait, I'm not an agent.
I'm not calling you as an agent.
I'm calling you because I actually may want to buy this house.
And it gave me, I had a lot of confidence making that phone call.
It felt good to make that call.
That's awesome.
So it's all a matter of perspective.
Some people that don't have that reference point as an agent are afraid to make that phone call.
but you, having done it so many times as an agent trying to get a listing, all of a sudden
it was a refreshing approach for you.
Right.
Perfect.
So is that how you've been getting most of your deals?
Actually, no.
Okay.
Let's go that.
Let's go the next step.
Mostly, most of my business is coming from either bandit signs or the yellow letter campaign.
And I'm doing that more now because it's, I can, it takes time off of my plate.
I can have somebody else to write letters.
My wife actually writes a lot of my letters for me.
And my assistant is going out and putting up signs for me.
So that frees up a lot of time for me to actually be meeting with people and being face-to-face.
Instead of spending, you know, two to four hours a day on the phone prospecting,
I've got those letters going out so the calls are coming into me instead.
Got it.
Got it.
Okay, so how many letters a day do you think you're sending out average?
We've been averaging 25 a day.
25 a day.
Good, nice, consistent number.
I like it.
As far as roadside signs, tell me what you're.
schedule is with that.
I have my signs.
I try to put up between
50 and 100 a weekend.
Actually, that's changed lately
because I've had some issues
with the cities around here.
And I can get into that in a minute.
But we were trying
to put up between 15 and 100 a weekend,
putting them up either early Friday, morning,
late Thursday night, and then taking them down
on Sunday evening.
And I was leaving them up all week long,
but we figured out that
I get a lot less slack
from the city if they're up on the weekends.
than if we leave them up all week long.
So we were just putting them up on the weekends.
Now, in fact, we're not even doing that many,
just for the last couple weeks
and probably for the next couple weeks,
we're not doing as many as we would normally.
There's an election going on for the cities,
and a lot of the candidates were putting up signs on telephone polls
just like we were, and so they started cracking down on it
because the candidates can't do it, so we can't do it.
I see. I see.
Okay.
So with that amount of letters and that amount of signs, how often does your phone ring per day?
I get at least four, maybe five seller calls a day.
Five seller calls a day, perfect.
And out of those, I guess through a week, how many come across to you as being motivated sellers
where you actually think you probably got a shot at buying that property?
Probably one or two.
one or two okay so about one out of one out of 25 one out of 30 right yep one to two that's exactly
exactly where where it seems it falls for most people um awesome so run me what what's your typical
deal i mean what what is you you have you have the phone ringing so you got your lead generation
down going really well what's your next step once you've identified that there's some motivation
or some urgency there with the seller my initial phone call to the seller is going to be prequalifying
I want to make sure that they're, you know, that they're motivated.
And a lot of that goes back to my training as an agent.
I'm not going to waste my time going out to a house if it's a situation where I'm not going to be able to get something out of it.
So I try and do my due diligence on the initial phone call, figure out what their motivation is, where the house is,
if it's something that I want to work with or that I can, you know, consider purchasing.
If I figure out that it is the case, it does seem like it's something that would work for me.
Immediately on that phone call, I want to set an appointment to meet with the seller.
Mm-hmm. Perfect. So do you set the appointment at the property?
Yeah, at the home.
Super. So when you go to meet the seller, what do you take with you? Anything?
I take my iPad with me so that I've got access to comps.
You know, and I actually, I prefer to take my iPad with me instead of printing out comps or anything
because I want to have live information. I think it looks better to have something live in front of the seller.
And, you know, I think they think it's more accurate because I can't, I can't, I can't,
off the numbers that way.
Right, right.
So I bring my iPad with me and I bring my seller prequel sheet or my seller information
sheet and I bring a contract, a purchase agreement with me.
Mm-hmm.
Okay.
So do you have a system for that meeting and how that goes or do you just kind of, you
know, play it by ear and do it that way?
No, I'm really consistent.
I mean, every meeting I do the exact same thing and again I think this probably goes back
to my training.
training as an agent, but every single time I, when I'm on the way to the appointment,
I call ahead to make sure that the sellers, you know, hasn't changed their mind or is still
available and he's planning on meeting with me.
When I arrive, I thank them for meeting with me, and I immediately take photos of the
house. I'll take a front photo before we go into the house. I'll take a back photo,
photo of the garage, whatever. When we're walking to the house, again, I'll thank them for
letting me come through, and I'll ask them if they'd be comfortable with me
touring the house and taking photos while I'm in there.
That way, you know, if it does work out and they are happy with what I've got to say,
then I've got everything I need right away.
Super.
Is there something that you do that you notice gets your desired effect,
or is there something in common with the sellers that, you know, actually, you know,
ends up your result is a signed contract?
You notice a pattern any there, anything or anywhere there?
One with a specific goal in mind, and I just try to make sure that they keep their goal in mind.
So that's probably what it is.
So their goal, when we initially have that pre-qualifying conversation, is they want to sell the house.
Right.
And so I figure out what the motivation is for them to sell the house, and I don't let that go.
You know, if they inherit the house, for instance, they're in a position where, you know, obviously they don't want to be a landlord or they would keep the house.
Obviously, they don't want to have to fix it up or they would keep the house.
So there's a lot of things that are driving them to want to get it sold.
So I just make sure that I remind them through my conversation,
look, my goal is to buy a house, your goal is to sell this house for this reason.
Let's not forget that.
Right. Right. I like it. I like it.
So it's obviously effective because you have brought several properties
through the Epic Wholesalers website.
And after talking to you on several occasions,
I know you're selling them elsewhere as well.
In the six months, how many properties do you think, how many transactions have you completed as an investor?
Probably 25, maybe 30.
That's awesome.
What would you say you want to share finances and numbers?
Everyone loves to hear in numbers.
What do you think, what's your average that you make per transaction?
My average is probably $5,000 to $7,000.
Times 25?
Sure.
In six months.
Yeah.
That's awesome, Brad.
Congratulations. That's congratulations. Now, I know a lot of people are listening right now, and I believe, I don't know this for sure, I can't hear them, I don't see them, I can't talk to them, I can't ask them anything right now.
But based off of, you know, I've been doing this for a few years now, I've been coaching people, training people, I answer a lot of email questions. I get a lot of phone calls, then a lot of seminars and workshops.
I know a lot of people are thinking, yeah, but he had an advantage. He was a real estate agent first. So tell me what advantages of,
of being a real estate agent have transferred over to you being a successful real estate investor
now?
The list is very short and very specific.
Okay.
The only things that I've taken with me from being an agent that are advantageous to me being
an investor are that it's a consistent activity sort of business, meaning that I know that
every day if I do A, B, and C, it's going to produce, you know, D, E, and F results. And that's
something that I had to learn as an agent.
Otherwise, I wouldn't have survived.
So I took that with me.
And beyond that, it's understanding how to interact with people in that sort of a climate,
that sort of a meeting environment.
Other than that, I don't think I took anything else from it that's been advantageous
in terms of being an investor.
Perfect.
I had no idea what your answer was going to be.
But I was hoping that was it, because that's my experience.
and it's the experience that every person ever has.
And what I'm getting at is a lot of people that want to be real estate investors,
their first inclination is to go get a real estate license.
So knowing what you know now, if you were to start all over again
and your primary intention was to be real estate investor,
would you waste your, I shouldn't say waste your time,
would you use your time to go get a real estate license first?
I would absolutely not recommend getting a license.
Okay, cool.
So we're talking about the advantages of, and you work for a good, you work for Keller Williams, correct?
No, Prudential.
Oh, I thought you worked for Keller Williams.
Okay.
I'm not familiar with Providential as much, but I brought up Keller Williams because I know they have a really good training program and they really focus on enhancing the skills of an investor or excuse me, of an agent.
So I was assuming that's what it was.
But they do very much instill the same things that we talk about here on the show is doing
the right activities, doing them consistently and doing it day in and day out and doing it with
persistence. And then we all talk. I share this inside the free course. Your number one skill as a
real estate investor are your people skills. So thank you for confirming that. I love to get it validated
all the time just so people don't think I'm making this stuff up. Let's see. What's next?
So you're doing 25 deals in six months, average five to seven grand a deal.
Are they all wholesale deals?
Yeah, actually, as an investor, I've yet to keep one of the properties that I put under contract.
Okay, so why is that?
I mean, I think I'm just getting my feet wet, and you know what, that's something that really bugs me.
I need to start keeping some of the properties because that goes back to my original core goal of wanting to get out of the
the wheel spaying.
Right now I'm still doing a transactional business that there's no end to.
So, yeah.
Okay, so what's getting in your way?
What would need to be in place for you to actually start holding properties?
Personally, I have some imaginary number that I need to have in my bank account before I can feel comfortable spending money on an investment.
Is looking back now and on what you've done, is that a reality?
Is that just something made up in your head?
Is the number of reality?
I mean, just the fact that you have to have something in the bank
before you can hold a property.
No, I know. I know it's not necessary.
I think it's a mental block that I've got right now.
Okay.
I just ask that because I think it is rather irresponsible
to hold properties if you have no money to maintain them.
But I think people need,
think that they need a lot more money
than they actually do to maintain.
them. That's why I was bringing that up.
Sure.
And you and I have had several conversations about this.
And, you know, forgive me for, I'm not going to put your business out there, but I do want to share some of our conversations that you've had some, we've had some moments where you were actually kind of scared and concerned about the future.
And I scratched my head and I wonder how can someone that was making 3% as a real estate agent in six months go to, you know,
doing 20, 25 transactions, averaging $5,000 a transaction, you know, be nervous financially
about their future.
And, you know, what we talked about is, you know, it's the difference between cash and cash flow,
right?
Yep.
And so just to help you out of that fear, because I know other people out there as well,
that it's hard to turn down the money.
The money is really, really good, especially, you know, when you multiply it by 25.
So I think you're doing awesome.
I just want to help you get to your next phase in your real estate investing.
And so you don't have those concerns and you're not fearful.
And where that really comes from is from cash flow.
Right.
So that would be the next step that I would recommend for you.
Let me ask you, though, going from an agent to an investor,
what would you say is your biggest takeaway from your experience
inside the academy or just in life overall as an investor.
What's your biggest epiphany?
Have you had any aha moments?
Any aha moments being an investor.
But this is actually possible.
Doing this and creating for yourself in a relatively short amount of time,
some sort of life that doesn't revolve around you grinding day in and day out is a possibility.
That was a big aha moment for me.
No question.
Awesome.
I think that one right there is good enough.
So at this point in your real estate investing, what's going on that you're really excited about?
I'm just now getting to a point where I'm really starting to expand my network with other really good investors.
Guys that are in the business really doing stuff, I'm starting to get, you know, they're getting my attention.
I'm getting their attention and my network's really building up right now, which is, that's very exciting for me.
Super.
And what do you owe that to? Why do you think that's happening?
You know, there's a lot of people that get into, that try to get into real estate investing,
and they don't do much.
You know, and they, they kind of spin their wheels a little bit,
and they, you know, they toss their hat into the ring,
and they want to play the game, but they don't actually end up doing anything.
And it turns out that there ends up being a lot of, you know, very few people that end up doing a lot.
I think that rule probably follows a lot of different businesses.
But when I started actually doing some real business,
I started seeing who else was out there around here, actually doing some real business.
And it gave us, you know, them and myself an opportunity to kind of network with each other,
recognizing that we're not just trying to do, you know, one or two deals a year, any of them.
The list is rather short when you really start looking, isn't it?
Yes.
And how does that make you feel about competition?
Good.
I mean, a lot of...
it's a lot less competition than in the traditional real estate industry.
And that's another question I get, especially at live events where I might have a workshop
where I've got 100, 200 people in a room.
And inevitably, a question will always be like, well, if you teach everybody here how to do this,
will there be enough deals?
I love that question.
will there be enough deals or, you know, everyone else is going to buy them?
What would you say to that question if you were asked that today?
It's going to be more deals.
There's always, there's always, I mean, it's the same thing in traditional real estate.
There's always someone that needs to sell a house that no one else has talked to yet.
So they're always going to be there.
Indeed.
And sometimes you just don't realize it until you get out there and start mixing it up.
You know, the, what you call it, the, you know, I'd mention that you've sold several
properties to us through our epic wholesalers website.
How are you selling the rest of your properties?
I've been networking a lot at different REI meetings and seeing who's buying and how they're
buying.
And I've been talking to other investors in different cities and seeing how they've been building
up their list.
So I've been trying to use strategies, different strategies that I could take from other people
that are doing more than me and trying to implement them.
One guy that I was talking to out of South Carolina had a really, really great list
of specific websites where he's been advertising his stuff,
and that's actually helped me to grow my investor list
because I've been able to advertise things there
that attracted attention from buyers that I wouldn't have had otherwise.
Super.
Do you want to share a website or two?
Craigslist.
Craigslist is always a good one.
And that's our main go-to.
I mean, when we take something that we know
is not necessarily going to go to your investors
or to you guys, Craigslist is our top spot to place it.
But we'll use everything.
I mean, anything from hot pads.com to Zillow.
Mm-hmm.
Mm-hmm.
Any tricks or anything that you discovered
or strategies that gets your ads on Craigslist
a greater response?
Yeah.
I needed to learn quickly
to stop advertising my stuff like I'm an agent.
You know, I was used to advertising things like, you know,
I don't know, the quality of the finishes or, you know, the size of the living room, stuff like that.
And investors don't care about that.
You know, the stuff that you've got when you're doing this is investor-based.
You've got to get out there what they're interested in.
Things like the numbers, the ROI, the rent rates, you know, all those things are the ARV, the after repair value.
That's what's going to matter to them, not the size of the living room.
Right.
So that's a change I had to make in my ad.
Perfect.
Perfect.
So, you know, really focusing on what's important to your end buyer.
And now your end buyer has changed since you've made that transition from real estate agent to investor.
Yep.
Perfect.
So let's see.
Let's kind of, let's sum it up.
You're doing, you're actually initiating calls.
So you're calling expired.
You're initiating your marketing and have inspiring people to call you through your yell letters and your bandit signs.
you're doing consistent activity, you're setting appointments, you're presenting offers,
and you're finding buyers through all the conventional means as well.
Any shortcuts, any tricks, any silver bullets out there?
One thing I forgot to mention, sorry to interrupt you, man.
One thing I forgot to mention that works really well for me,
and I was talking to a couple other guys that hadn't done this before,
but they're going to start doing it, is bringing the purchase agreement with me on the first meeting.
and again that goes back to my I think my real estate training or whatever but doing things consistently and doing them the same way every time that's something I always did was bring my contract with me because when I sit down at their house and I immediately take photos I immediately have comps with me I immediately present to them what my goal is while recapping what their goal is if I can get them to agree at that point to say yes to me buying the house from them I want to get it done right then and there so I have my contract and I sign a
I signed the contract probably six times out of ten on my first meeting with the seller.
Super.
Super.
So how many times did you have to meet with a seller before you became comfortable doing that?
I did it from day one.
You did?
Yeah.
Super.
But again, that goes, I mean, I just treated it like it was my listing agreement.
You know, I'd show up at the house, and my goal right then, then and there at that meeting
is to create something.
So I'm not going to let it slide.
Because I know, I mean, and I know there's less competition being an investor than being an agent,
but I don't want someone else coming in that door later that night or the next day
and getting that property under contract.
It's not me.
Perfect.
I love it.
Well, it's obviously working.
Super.
All right.
So from here, Brad, what do you see in your real estate investing future?
And how is this going to impact your life?
I know you got a new one on the way.
And how's that going to work?
it's already dramatically impacted my life in so many positive ways.
But I really want to get to a point in the next seven years where I know that I'm going to be able to go to every baseball game, every school play, every Boy Scout camping trip, and not have to worry about it, and not have to take vacation days or deal with any of that.
I want to be able to have the life where I can be the role in my family, play the role.
and my family that I want to play and not be encumbered by the stress of anything else.
You know, Brad, you know, for anyone listening that's ready to take that leap and said,
okay, I got it, I understand. He's just told me exactly what it takes. What advice would you give
someone that's just starting from day one?
Diligent as you've ever been in anything in your life, recognize that it's not going
to be easy every day and don't give up.
Mm-hmm. Love it.
Any mistakes that you made early on that you could warn someone just getting started about?
This pitfalls that I've run into have been related to really knowing what it's going to take to get a property rehab the right way.
And that's something that I never had to touch being an agent.
Because being an agent, it's all about the transaction, just getting it done.
But as an investor, it's vital that you have to know what a property is going to take to be.
the rehab and something that's going to be a performing asset for your end buyer.
I think that's a good one.
It's definitely a different skill set that they do not teach you when you're acquiring
your real estate license, that's for sure.
No, they don't.
Perfect.
Well, cool, Brad.
Thanks for hanging out here with us today and being so gracious with your time and you're sharing.
I'm actually going to see you next week in your hometown, my first time to Cleveland.
Looking forward to that.
As a matter of fact, I'll be in Cleveland the day that this episode is released.
So we can listen to it together.
No.
Anyway, awesome, dude.
Thanks for your time.
I'm really looking forward to meeting you finally face to face and doing more business together.
Cool.
All right, bud.
Hey, if you enjoyed today's show, you'll probably enjoy the last episode as well.
Number 73 is I was joined by fellow Epic Pro Academy member Jesse Milner when he shared how he
made $86,000 on his very first deal.
And so if you missed that, go back and check that out.
And, you know, the different paths that the Academy sends people off on it.
It never ceases to amaze me.
It's really fun and it's rewarding to watch.
And, you know, joining Brad and Jesse as a fellow member of the Epic Pro Academy, has been on your
to-do list.
You've got just seven days left to become a member at 50% off the 2014 price.
And you'll be a member for life, a part of the Epic Real Estate family.
Okay.
So until next time, to your success, I'm Matt Terrio, living the dream.
You've been listening to Epic Real Estate Investing, the world's foremost authority on separating
the facts from the BS in real estate investing education.
If you enjoyed this show, please take a minute to visit iTunes and share your thoughts.
Thanks for listening.
We'll see you next time here at Epic Real Estate Investing with Matt Terrio.
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