Frequently Asked Questions
Can I Take You to Lunch and Pick Your Brain?
Well, as much as I love to eat, and I appreciate the offer of a free meal… the short answer is “maybe” during a paid consultation.
Due to the high demand for people to meet with me and “pick my brain”, and the limited supply of my time, I have had to develop an hourly consulting service, which you can learn more about by clicking here.
I Can't Afford Your Services... Can You Mentor Me for Free and We Split the Profits?
Wow… if I had a dollar for every time somebody asked me that question, I would buy YOU a lamborghini! Lol
But seriously… that is exactly the service that my coaching students pay for… the opportunity to have me work with them 1-On-1 and split the profits on deals.
That question comes from someone who doesn’t understand exchange of value, and/or has a selfish view of exchange of value.
People who understand exchange of value are willing to offer something of significant value to the OTHER party.
This statement may not be “intended” this way, but it really comes off as someone having a sense of “entitlement”, and wanting something for “free”…
i.e. wanting something with a high value (coaching, mentoring, etc.) while offering something with a perceived low value (willingness to learn), in a situation that others with a “willingness to learn” are paying for that privilege (rather expecting a free entitlement).
I’m sure you’ve heard this before, but typically, when people don’t invest money something they don’t value it as much.
If you can’t afford coaching, mentoring, and consulting services… I can totally relate to that, because I couldn’t either when I started. I was a broke sophomore in college when I bought my first investment property… and I didn’t make a dime on that first deal.
So the first thing I did was study all the information that was available to me for free about real estate investing. You can start with my free articles on this site.
Then I did… whatever it took… which amounted to working hard on my job, and saving money, to be able to afford real estate seminars, courses, and eventually hiring coaches to get me to the next level.
How Quickly Can I Make Money with Your Course(s) or Program(s)?
Well… Do you want me to be like lots of “big name” real estate “gurus” out there and blow bubble gum through your ears?
Or do you want me to “keep it real” and tell you the truth?
“Keep it real”, you say? Good choice…
We’ve all heard the hype from the real estate “gurus” about someone starting from scratch, and putting thousands of dollars of cash in their bank account within 30 days or less. While it is definitely possible, you need to know that it is not a typical result for someone just starting out.
A more realistic expectation is cashing a check at the end of 5-7 months when you’re starting out. And that’s 5-7 months of fully focused effort and massive action… not 5-7 months of procrastination and excuses.
So for example, let’s say that the first 30 days of the program you are heavily immersed in watching my training videos, meeting with me, asking me questions, and learning how to use all the tools and techniques that I will teach you. You are going to be learning so much step-by-step information, that it’s unrealistic to expect you to do much else.
Realistically, in the next 2-3 months you will be marketing to get your first property under contract. Marketing takes time, and it takes time to get sellers to respond, and it takes time to weed through many leads to get one deal under contract.
After you get your first deal under contract, it may realistically take 2-3 more months to get it rented or sold.
There’s your 5-7 months.
Of course, if you prove to be the exception to the rule and cash your first multi-thousand dollar check within 30-days or less in my real estate investing coaching program, then that works for me, too!
Also, since I don’t like to brag about myself, you owe it to yourself to see what others are saying about their results on the Testimonials page. As a disclaimer, of course, their results are no guarantee of your results. You could make nothing, less, or more.
What Type of Results Can I Expect from Your Coaching?
Obviously, that depends on many factors, such as: how hungry you are to make money in real estate, what is motivating you (desire for a better life for you and your family, etc.), and how strong that motivation is.
You could make 4-figures, 5-figures, 6-figures, or 7-figures… or you could make zero.
If you follow my instructions, you can literally achieve just about whatever results you want.
When you begin the program, one of the first things we will look at is your financial goals. Once you tell me what your goals are, I will tell you what effort you will need to achieve that goal, and what your parameters are that you will need to deal with. So we, you and I together, will design a customized plan to help you meet your goals.
You give me your goals, then I will give you the plan, and I will hold you by the hand while you execute the plan. Since this is real life and not a seminar or classroom, then from time to time we may need to make adjustments to the plan.
The effort to execute the plan is entirely up to you. I will hold you by the hand, but I cannot and won’t execute your plan for you. Is that fair?
Also, since I don’t like to brag about myself, you owe it to yourself to see what others are saying about their results on the Testimonials page. As a disclaimer, of course, their results are no guarantee of your results. You could make nothing, less, or more.
How Much Time Will I need to Devote to Real Estate Investing?
Lots of gurus out there give people that they can make money in real estate investing just a 2-4 hours/week. This simply isn’t real life for the average person… especially starting out.
Realistically you will need to devote of minimum of 10-20 hours per week. That is 10-20 hours per week of focused time, without outside distractions.
The reality is that people who are hungry… and eventually successful… will devote as much time as necessary, and humanly possible, to change their lives.
Successful people do “whatever it takes”. Successful people have a very strong work ethic. The goal is to always be working “smarter” as well as “harder”.
I will help you with your time management, to identify time that you can free up in your schedule, so that you will have more time to invest in real estate.
Remember, real estate investing is a business, not a hobby, and you need to devote time to your business if you expect to make money. In fact, real estate investing is a multi-million dollar business. So a better question might be, how much time SHOULD you devote to your multi-million dollar business?
In Addition to Education, What Other Costs Should I Take Into Account?
The first thing to understand is that real estate investing is a business, not a hobby, and it should be treated like a “business”. You understand that with any “business” there are “costs of doing business”. For that matter, there are even costs associated with hobbies, right?
Some of the costs of a real estate investing business you might want to take into account are…
Marketing. Marketing is the cost to attract motivated sellers, buyers, and tenants. Your marketing budget may range anywhere from literally “zero”, up to several hundred, or several thousand dollars per month.
Many people have started with a zero budget and made a lot of money, because they were hungry, willing, and able to take massive action, and push past excuses to change their life.
Obviously the more money you can put into marketing, with the right direction and/or coaching, the easier it will be to achieve your business goals.
Running Comps. You need to be able to determine the value of properties, and this is what we call “running comps”. Without knowing property values, you are literally stuck, and have no idea what to offer on anything. There are “free” comps services out there that are worth exactly what you pay for them… nothing. The cost of a good service will usually run about $100/month – $150/month. On the high end of that, you will probably also have access to other services like mailing lists of sellers or buyers at no additional cost.
If you are local to Columbus, Ohio, then I MAY be able to help you obtain comps for no additional cost. If you are not in the Columbus, Ohio area, then I will teach you ways to obtain comps for between $25-$50/month. So you can expect your expenses for comps services to run anywhere from $0 – $150/month.
Recording Fees. From time to time, we will need to record documents at the courthouse. In Franklin County, these fees (at the time of this writing) are in the $28-$30 range to record a 2-page document.
Earnest Money Deposits. If you choose to be deal with Bank-Owned Property (REOs), HUD Repos, VA Foreclosures, and/or other properties with Realtors involved, then you will need to have money for earnest money deposits when you make an offer. These deposits will typically be in the $500 – $1,000 range. If you choose not to work with these types of properties, then you can avoid this expense. I can help you either way.
So What Do You Do... Foreclosures, or Flipping, or Wholesaling or (fill-in-the blank)?
This question always makes me chuckle a little bit inside, due to the one-dimensional teaching of many gurus out there in “Seminar Land”.
The 2 most popular seminar topic for the last decade have been “Flipping” and “Wholesaling”.
Why? Because Wholesaling is a very simple concept, so it’s easy for gurus to teach, and therefore sell tons of courses.
The same is true with (fixing and) Flipping houses. It’s not really easy to do, but it’s a concept many people are familiar with, and it has become popularized by the plethora of TV shows about it.
But in my reality, Wholesaling and Flipping are just two small pieces of the puzzle for making millions of dollars buying, selling, and renting houses!
I use and/or teach many different million-dollar methods, strategies, and business areas, including but not limited to…
- Auctions
- Buying and Holding Rentals
- Buying for Cash (even when you have none)
- Buying Without Cash or Credit
- Buying With Credit
- Fixing and Flipping
- Flipping without Fixing
- Foreclosures
- Land Contracts (aka Contract for Deed, or Agreement for Deed)
- Landlording
- Land Trusts
- Lease Options
- Lease Purchase
- Lease With Option to Buy
- LLCs
- Options
- Pre-Foreclosures
- Property Management
- Raising Private Money
- Rent-To-Own
- Retailing
- Seller Financing
- Selling Properties Quickly to Investors
- Sheriff Sale Auctions
- Subject-To Deals
- Taking Over Payments
- Tax Delinquent Houses
- Wholesaling
- Work For Equity
- Selling Properties to Owner-Occupants
- And More!
Is the Real Estate Market Good for Investing Right Now, or Should I Wait Until a Better Time?
No matter how many times as I’ve been asked this question over the years, my answer is always the same…
“If you know the right strategies, it doesn’t matter what the market is doing. I have made money when the real estate market was going up, down, and sideways… and I can teach you how to do the same thing.”
There are many investors who go out of business when the market changes, because they cannot adjust their limited strategies to the changes in the market. They end up the same way the dinosaurs did.
Knowledge is power. You just have to know which strategies to apply to any given market, and/or how to adapt your strategies to the market.
Will this Work Where I Live?
As one of my mentors has said, “Probably not. But as soon as you move, it will probably start working.”
Or, in the words of Henry Ford, “If you think you can, or you think you can’t… you’re right!”
In other words… your chances of success or failure are all in your mind.
The methods I teach work in large(er) cities like Columbus, Ohio, Los Angeles, Miami, Seattle, Chicago, Phoenix, Vegas, Atlanta, etc.
It also works in smaller cities like Toledo, Dayton, Springfield (all in Ohio), etc. (Sorry I don’t know many small cities in other states, lol)
So… as long as there are houses in your city, people in your city, and people experience changes in their lives… marriage, divorce, birth, death, job transfers, job loss, late payments, foreclosures, moving up in life, moving down in life, becoming richer, losing money, etc… then yes, it will work where you live.
Worst case scenario, you live in a city that is too tiny… like only 5 houses and no traffic lights, lol… so you just need to target a larger city within driving distance to you.
What's the Difference Between Your Consulting and Coaching?
My Consulting services are paid on an hourly basis, and does not include any of my documents. Documents may be purchased separately, if and when needed.
My 1-On-1 Coaching Program includes cell phone access to text / call me almost anytime, includes regular phone 30-minute phone appointments, and I will help you work on all of your deals including negotiations as needed.
With my Coaching Program, I am going the extra mile for you with my personal involvement because we will be splitting the profits from your deals 50/50!
Because of the extra time involved on my end, I can only handle a handful of these students at a time, nationwide.
In order to be eligible for Coaching Program, potential coaching students must FIRST purchase my core course package. All the documents I use to do deals are included in the core course package.
By requiring students to purchase and complete my core courses, it ensures that most of our coaching time will be spent finding and working on deals together, instead of me having to teach you the basics.