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Crushing It In Real Estate With Your Solar Money - Brody Fausett
82 Plays3 years ago
"Work hard today for an easier tomorrow." - Brody
https://solciety.co/ - JOIN SOLCIETY NOW!
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Transcript
Taylor's Journey and Introduction to Solarpreneurship
00:00:03
Speaker
Welcome to the Solarpreneur Podcast where we teach you to take your solar business to the next level.
00:00:08
Speaker
My name is Taylor Armstrong.
00:00:10
Speaker
I went from $50 in my bank account and struggling for groceries to closing 150 deals in a year and cracking the code on why sales reps fell.
00:00:19
Speaker
I teach you to avoid the mistakes I made and bring in the top solar dogs of the industry to let you in on the secrets of generating more leads, falling up like a pro and closing more deals.
00:00:31
Speaker
What is a Solarpreneur you might ask?
00:00:33
Speaker
A Solarpreneur is a new breed of Solar Pro that is willing to do whatever it takes to achieve mastery and you are about to become one.
00:00:43
Speaker
Okay, what's going on, everybody?
Special Guest Brody Fawcett's Transition to Real Estate
00:00:45
Speaker
I am stoked because today we have someone that I've been trying to get on for a long time now and finally was able to get this superstar on.
00:00:53
Speaker
So we got the one and only Brody Fawcett coming on.
00:00:56
Speaker
Brody, thanks for coming on the show with us today.
00:00:58
Speaker
Yeah, man.
00:00:58
Speaker
Thanks for having me.
00:01:00
Speaker
I just played hardball for a little bit to make it seem like I was a big deal or something.
00:01:05
Speaker
I just kind of, you know, didn't show up, blew you off, blew you off, and then we finally made it happen.
00:01:11
Speaker
So...
00:01:12
Speaker
I know.
00:01:13
Speaker
I got my wife.
00:01:13
Speaker
It's really not that hard to get a hold of.
00:01:15
Speaker
It just made it seem like that.
00:01:17
Speaker
I know.
00:01:17
Speaker
Well, I'm glad I got you before you got too big because any longer in this, then probably have to go.
00:01:22
Speaker
Oh, we don't have to worry about that.
00:01:23
Speaker
Trust me.
00:01:26
Speaker
Yeah.
00:01:26
Speaker
Well, no, I'm excited because, yeah, I talked to you.
00:01:29
Speaker
My wife did your, uh, your guys, uh, little race in, uh, Kanab, Utah, which is actually my hometown.
00:01:35
Speaker
Yeah.
00:01:36
Speaker
So, uh,
00:01:36
Speaker
We talked out there and, uh, um, yeah, we've been following you guys for a while.
00:01:41
Speaker
So it's been cool to see your journey hanging out in Hawaii now and just excited to have you on.
00:01:46
Speaker
So, um, yeah, do you want to, yeah, do you want, do you want to give a little bit of your, uh, background and all that for, uh, people that haven't checked you out as much, Brody?
00:01:55
Speaker
Maybe like, yeah, and then transitioned into real estate.
00:01:59
Speaker
Yeah, yeah, for sure.
00:02:00
Speaker
I love the show, by the way.
00:02:01
Speaker
I think it's, it's so cool.
00:02:03
Speaker
Like this is the stuff kind of out of the door to door space, but did it for eight years.
00:02:09
Speaker
And this is the stuff like I would thrive off of, right?
00:02:12
Speaker
Like anything I could get my hands on to learn and get like the competitive edge was so crucial.
00:02:17
Speaker
And
00:02:17
Speaker
It's crazy how many more resources there are now as opposed to five, six, eight years ago even.
00:02:25
Speaker
And so props to you guys that are listening to this and taking it serious to actually get better at going out and being a better sales professional.
00:02:33
Speaker
And it makes all the difference.
00:02:35
Speaker
It really is the competitive edge.
00:02:36
Speaker
So yeah, I appreciate you having me on.
00:02:38
Speaker
But yeah, so I got started in, I guess, the door-to-door space.
00:02:42
Speaker
All my eight years were with one company.
00:02:46
Speaker
Vivint and I got recruited on college campus.
00:02:49
Speaker
I thought I had it all figured out.
00:02:51
Speaker
I knew what I wanted to do.
00:02:52
Speaker
And someone tapped me on the shoulder and said, Hey, are you on the track team?
00:02:55
Speaker
And I'm like, what kind of question is that?
00:02:57
Speaker
So random.
00:02:58
Speaker
But it opened up the loop to have a conversation.
00:03:01
Speaker
And so he started telling me about sales and the opportunity to
00:03:04
Speaker
to basically go get ahead and spend the summer working hard so that you can, you know, make money and get ahead.
00:03:11
Speaker
I always love the idea of working hard today for an easier tomorrow and just, you know, stacking cash or what it may be saving up for a rainy day.
00:03:19
Speaker
Like for whatever reason, that's always just made me feel like at peace.
00:03:23
Speaker
And so I'm like, okay, this could be a cool opportunity to go get ahead in life.
00:03:26
Speaker
And anyhow, I ended up, I think I had three years of school left at that point, two or three years left.
00:03:33
Speaker
And I still have one semester left.
00:03:35
Speaker
So eventually I dropped out of college with one semester to go.
00:03:38
Speaker
And I'm like, I'm just going to dive into this this sales world and spend more time building a team and going from there.
00:03:45
Speaker
And just kind of, yeah, it lasted a lot longer than most of us probably plan on.
00:03:50
Speaker
Right.
00:03:50
Speaker
As we get into door to door, it's like, oh, I'm just starting.
00:03:53
Speaker
And I'm
00:03:54
Speaker
I'll do this for a little bit while I'm going to school.
00:03:56
Speaker
And eventually it became my career, which I love.
00:03:59
Speaker
I think there's a lot of stigmas around just the industry in general and sales.
Rewards and Challenges of Sales and Real Estate
00:04:05
Speaker
And obviously we all know this, but people think you have to be a slime ball or people think that the job's so hard because you have to travel and move to these different areas.
00:04:14
Speaker
And I just owned it.
00:04:15
Speaker
I loved it.
00:04:16
Speaker
I thrived off of the hard work and the grind and being willing to do something that nobody else or most people weren't willing to do.
00:04:22
Speaker
to get results that most people weren't getting and able to live like a life that most people weren't able to live.
00:04:27
Speaker
And so for me, it was just, it was so rewarding having, being in an environment like that.
00:04:32
Speaker
And so with that, like my biggest fear, even getting started, I saw people, I still remember this, like even day one going to a sales meeting, I guess, or a sales training that they would, they would have.
00:04:45
Speaker
This is an SUU in Cedar City, Utah.
00:04:48
Speaker
And
00:04:48
Speaker
And seeing some people there like, yeah, I've been doing it for seven, eight years, like, but this is my last year.
00:04:54
Speaker
And then the next year they would say it again, but this is my last year.
00:04:57
Speaker
And then they would say it again, but this is my last year.
00:04:59
Speaker
And ultimately they were in a spot where they like wanted to be done, but they can never fully transition out of it.
00:05:05
Speaker
And I just remember thinking like, hey, I don't know how long I'm going to do this for, but I want to be in a spot where when I decide I want to transition out, like I'm worth more off of the doors or outside of the industry that I am inside of it.
00:05:18
Speaker
And so that just like gave me some motivation early on to go and build.
00:05:23
Speaker
For me, it was real estate and through real estate, just build up my passive income, my net worth outside of the
00:05:28
Speaker
just sales and that's what I became super passionate about and it gave purpose to the grind of the sales world because it was like everything I was doing was for a reason every year I did it.
00:05:39
Speaker
It was for a reason every sale that I got or commission check it like it all had a purpose tied to it so I could go and invest that and so that's the basis of it.
00:05:48
Speaker
I guess I've officially been out of the off of payroll for a little over a year now and it's been awesome like yeah.
00:05:56
Speaker
Like I said, I love the industry.
00:05:59
Speaker
Still, it's like bittersweet not being in it.
00:06:01
Speaker
But I also am so glad that, you know, I made smart decisions early on and I am where I am today because of that.
00:06:08
Speaker
Yeah, no doubt.
00:06:09
Speaker
Well, yeah, you've got the life that most people are trying to get to, knocking on doors.
Community Influence and Social Media
00:06:13
Speaker
So, yeah, it's been cool to see your journey and especially a Southern Utah kid like myself gives me a hope for coming from middle of nowhere, can have Utah experience.
00:06:23
Speaker
that uh southern utah kids can still have some success so yeah it's been uh awesome you know you know jaron glazier uh i i know a lot of glaziers i think i've met him maybe once but this family owns the glazier market over there right and everybody knows about the grocery store but
00:06:40
Speaker
the one of the, one of the two grocery stores, but, um, and yeah, he was my, my first, uh, manager.
00:06:45
Speaker
So they like co-managed and so I'm close to him to this day, but it's just, it's just funny.
00:06:50
Speaker
So that's my tie to can out there growing up.
00:06:53
Speaker
Like it was a good time.
00:06:55
Speaker
So,
00:06:55
Speaker
Nice.
00:06:56
Speaker
Yeah, small world.
00:06:57
Speaker
No, I love it.
00:06:58
Speaker
Yeah.
00:06:58
Speaker
And it's also been like my wife.
00:07:02
Speaker
She's been following your wife for a while, too.
00:07:04
Speaker
And she's always talking about you guys and always like bringing up the real estate.
00:07:08
Speaker
Been following the mom way stuff for a while.
00:07:10
Speaker
So I always have to ask if if you can still beat your wife and arm wrestle and everything.
00:07:15
Speaker
She looks pretty tough, man.
00:07:16
Speaker
I mean, be it an arm wrestle, maybe not a leg wrestle or a sprint down the street.
00:07:22
Speaker
Yeah.
00:07:23
Speaker
Well, she's, yeah, my wife's had me do some of her workouts and I'll tell you about kills me doing them.
00:07:28
Speaker
So yeah, it's an app for mostly women, but like the workouts you, yeah, it, it'll surprise you.
00:07:37
Speaker
I know.
00:07:37
Speaker
I would always refuse to do them because before, um, I think it was like mommy fit or something like that.
00:07:43
Speaker
So I'm like, man, there's no way I'm going to do a mommy fit workout.
00:07:45
Speaker
Yeah.
00:07:46
Speaker
I feel like the lamest workout ever.
00:07:48
Speaker
And then I finally get one of the other.
00:07:48
Speaker
Yeah, you've been on the train for a while if you know mommy fit.
00:07:52
Speaker
Yeah, no, she goes way back.
00:07:54
Speaker
She's gotten a lot of value from it.
00:07:56
Speaker
So we're all raving fans of you guys.
00:07:58
Speaker
Trust me.
00:07:59
Speaker
No, I'll tell her that'll make her feel good.
00:08:02
Speaker
Yeah, 100%.
00:08:04
Speaker
But what I was going to ask you, Brody, now that you're out of door-to-door, do you ever feel like you miss knocking a door?
00:08:11
Speaker
Are you happy to be out of it?
00:08:14
Speaker
Or what's your mental
Door-to-Door Sales Experience and Transition
00:08:15
Speaker
state around that?
00:08:15
Speaker
Or some summers, do you still get like, oh, I want to go knock some doors.
00:08:19
Speaker
I miss the whole door-to-door thing.
00:08:21
Speaker
How do you feel about it?
00:08:22
Speaker
No, there's a lot of things I miss, absolutely.
00:08:25
Speaker
And there's a lot of things I don't miss, absolutely.
00:08:26
Speaker
But yeah, as far as I think the team atmosphere, I always love that ride.
00:08:33
Speaker
You thrive off of that.
00:08:34
Speaker
You're just kind of around
00:08:36
Speaker
you know, your brothers and sisters, I guess.
00:08:39
Speaker
But it just is cool, like uniting in a common cause where you're like, yeah, let's go.
00:08:43
Speaker
Let's go dominate today.
00:08:44
Speaker
And just the competition that was involved there, too, is always fun to go and compete.
00:08:48
Speaker
I was thinking about the other day, too, because like right now, there's not a lot of hard things in my life.
00:08:53
Speaker
And which is why I think it's important, you know, you go and manufacture those things sometimes and put yourself in
00:09:00
Speaker
uncomfortable situations in order to grow.
00:09:03
Speaker
But the cool thing with knocking doors is you're always in an uncomfortable situation, like doing things you don't want to do.
00:09:10
Speaker
And even just the fact of like getting out and knocking, you start to like, you appreciate Sunday so much more versus if you, you know, you treat every day like a Sunday.
00:09:21
Speaker
I'm not saying I do this by any means, but if you treat every day like a Sunday, then the Sunday loses how special it is.
00:09:26
Speaker
It doesn't mean as much, doesn't feel as good.
00:09:29
Speaker
And so I think because knocking on doors in the heat, like then the AC feels good, right?
00:09:35
Speaker
If you're always in the AC, then you don't notice as much.
00:09:37
Speaker
And so little things like that were like, man, I miss like just getting owned and like doors slamming your face and like, you know, getting pushed down where you have to like mentally climb back up.
00:09:51
Speaker
Like it's so powerful of things you don't think you would miss or actually things that you you really do miss.
00:09:58
Speaker
Yeah.
00:09:58
Speaker
Yeah, that's true.
00:10:00
Speaker
Like, yeah, I mean, I think you did your church mission too.
00:10:04
Speaker
But it's like I lived in Columbia for a couple years and I got back and I was like so shocked that there was carpet everywhere because I lived two years walking on like dirt floors and stuff like that.
00:10:15
Speaker
And so, yeah, I think it's good to just push yourself to limits and you appreciate those things more.
00:10:20
Speaker
And even in solar, I'm sure you've talked to a lot of solar guys, but sometimes we get lazy.
00:10:25
Speaker
Solar is probably the laziest door knockers because we can go out for like, you know, three hours a day and get a couple of leads, call it good, be in some appointments and be kind of set where, you know, you guys that were in alarms and pest control as other industries are used to being on doors like eight hours a day.
00:10:40
Speaker
So, yeah, it's different now, right?
00:10:43
Speaker
A little bit different.
00:10:43
Speaker
Yeah.
00:10:44
Speaker
It's in so many ways.
00:10:46
Speaker
It's the same mental battles a lot of times, but then at the same time, so, so different.
00:10:52
Speaker
Yeah, for sure.
00:10:53
Speaker
So yeah, something I always tell solar guys is go out and do a blitz or something, push the limits, see how hard you can get.
00:10:59
Speaker
Because I'm sure you still push yourself in other ways.
00:11:02
Speaker
But sometimes we get comfortable and I think we sell ourselves short a lot of times, especially in solar.
00:11:09
Speaker
So I think it's a good reminder for...
00:11:11
Speaker
All door to door people, but especially solar.
00:11:13
Speaker
But yeah, I want to transition here,
Brody's Real Estate Investing Journey
00:11:15
Speaker
Brody.
00:11:15
Speaker
Obviously, like you're the real estate guy and we haven't had too many guys come on and talk about just mostly real estate.
00:11:21
Speaker
So I want to dig into that more and just really see how we can apply it to solar.
00:11:27
Speaker
We're making all this money, but a lot of guys blow it, make bad investments.
00:11:31
Speaker
So you right now are teaching guys how to invest in real estate.
00:11:35
Speaker
You got your real estate investing school.
00:11:37
Speaker
So tell me, how did you guys transition to that?
00:11:40
Speaker
You did a lot of real estate yourself, but what made you decide to start this real estate school and start teaching others and more specifically door to door reps, would you say?
00:11:49
Speaker
Yeah, man.
00:11:50
Speaker
So I think just it's funny if you meet someone that does a lot of real estate, they love talking about it and like sharing different things that's worked for that.
00:11:59
Speaker
Even if you don't ask for it, they'll probably tell you about it.
00:12:01
Speaker
And so there's just something about like you just get it.
00:12:04
Speaker
You just get hyped on it and you get excited about it and you want to share with other people.
00:12:08
Speaker
And so I don't know, that was probably like five years ago, I would say like
00:12:13
Speaker
just started sharing like different real estate deals that we were doing and why we chose this deal and why we didn't choose this deal and what we did and how we funded it and started sharing that mostly on Instagram.
00:12:23
Speaker
And yeah, a lot of people follow along.
00:12:25
Speaker
And then from there, a lot of people just started asking like, hey, do you have like, do you do any coaching?
00:12:30
Speaker
Do you take on any clients?
00:12:31
Speaker
Do you have a program or a course where we could learn more?
00:12:35
Speaker
And so eventually enough people asked, I'd finally just created kind of like a curriculum around how to go and do it.
00:12:41
Speaker
And
00:12:42
Speaker
At that point, I broke like the six figure mark from real estate, like passive real estate per year.
00:12:50
Speaker
And so we created a course that was centered around like going and creating six figures of passive income and the A to Z steps.
00:12:59
Speaker
And that did really well.
00:13:00
Speaker
A lot of people loved it.
00:13:01
Speaker
And then they're like, hey, like, do you offer any coaching where you can like walk us through this and show us how this applies to us in our situation?
00:13:08
Speaker
And so it naturally just kind of led to real estate investing school where I think we have 12 coaches right now.
00:13:15
Speaker
But the whole focus is like, yeah, we just kind of hold you by the hand and
00:13:20
Speaker
help you build passive income, like tell you everything you need to
Exploring Real Estate Strategies and Summits
00:13:23
Speaker
know.
00:13:24
Speaker
Um, and then actually like help hold you accountable so that it gets done.
00:13:28
Speaker
And I feel like there wasn't anything that was really offered.
00:13:31
Speaker
Um, yes, there's a lot of like stuff out there, a lot of fluff out there.
00:13:36
Speaker
And then like a lot of really good stuff.
00:13:37
Speaker
There's YouTube, there's podcasts, there's so much of it, but a lot of times you just need somebody to be like, Hey,
00:13:43
Speaker
this is where you're at.
00:13:44
Speaker
This is where you want to go.
00:13:46
Speaker
Sweet.
00:13:46
Speaker
Here's the next step.
00:13:47
Speaker
Let me help you get, let me help you get there.
00:13:48
Speaker
And so, um, that's eventually how like the school was born and, uh, that's been really fun and super, super rewarding.
00:13:54
Speaker
Plus I love to just like teach and share things.
00:13:57
Speaker
And, uh, it's been, it's been a fun journey for sure.
00:14:00
Speaker
And yeah, we're talking just before we hit record.
00:14:02
Speaker
Um, you guys did your webinar.
00:14:05
Speaker
Is that what you're calling it?
00:14:06
Speaker
Your webinar?
00:14:07
Speaker
I forget what it was called.
00:14:08
Speaker
The event you guys did.
00:14:09
Speaker
Yeah, the Knock Doors to Own Doors Summit.
00:14:13
Speaker
We call it a virtual summit.
00:14:14
Speaker
That's right.
00:14:14
Speaker
Oh, yeah.
00:14:15
Speaker
Yeah, summit.
00:14:16
Speaker
That's right.
00:14:16
Speaker
And yeah, I was on that.
00:14:17
Speaker
Got a ton of value.
00:14:18
Speaker
So appreciate you for putting that on.
00:14:20
Speaker
But it's just cool to hear all the different perspectives and guys that have been in door to door, how they're using their money and different investments, whether it's Airbnbs, cabins, carcats.
00:14:31
Speaker
You know, there's some wild stuff that I like had no idea you could do on there.
00:14:35
Speaker
And that actually inspired us to start like looking at homes more because we're living out in San Diego and out here it's like homes are so expensive.
00:14:43
Speaker
Maybe not as much as Hawaii where you're at, but like super pricey, right?
00:14:47
Speaker
Yeah.
00:14:48
Speaker
So we'd always just been like, oh, we're just going to rent and tell them maybe we go back to Utah someday.
00:14:53
Speaker
But, you know, we heard guys like Adam Webb on there and other people talking about this whole house hacking.
00:14:58
Speaker
We're like, oh, maybe we could look into that.
00:15:01
Speaker
And maybe it is a possibility.
00:15:03
Speaker
And so we started looking into it.
00:15:05
Speaker
And long story short, found a place that we're in escrow right now, hoping to get it finalized here.
00:15:11
Speaker
But that has a little casino.
00:15:13
Speaker
I love that, like, you took action.
00:15:15
Speaker
Like, that's huge.
00:15:16
Speaker
You're like...
00:15:17
Speaker
You didn't just sit there and, hey, things are expensive.
00:15:20
Speaker
We're just going to wait, even though we learned all this stuff.
00:15:22
Speaker
But you actually took it and actually applied it.
00:15:25
Speaker
So, Frosty, that's so cool.
00:15:28
Speaker
I know.
00:15:28
Speaker
Yeah, I'm like, if I'm going to sit through three days of these guys talking about real estate, I better do something about it.
00:15:36
Speaker
Well, it's crazy like having, um, cause there's some cool people on there that are, that are like heavily involved in, you know, the door to door space right now.
00:15:45
Speaker
Um, I don't even know, do you still call it door to door?
00:15:47
Speaker
I guess if you, you solar guys are just sitting down and, uh, and closing deals.
00:15:53
Speaker
Is it still door to door?
00:15:55
Speaker
I don't know.
00:15:56
Speaker
I mean, yeah, I still call it door to door, but some guys are, but, uh,
00:16:02
Speaker
But yeah, like it's cool seeing everyone crush it in pest, in alarms, in solar, just some of the top guys and then seeing what they've done with real estate and how passionate they are about it.
00:16:13
Speaker
And it's just so cool to see.
00:16:15
Speaker
Like I said, I get passionate about it just because we see so many people blow their money and do things that aren't smart with it.
00:16:22
Speaker
And I just, I never want to be in a position where I have to go do something because it's my only option.
00:16:28
Speaker
and freedom, all freedom is is having options.
00:16:31
Speaker
And I wanna have as many options in my life as possible.
00:16:33
Speaker
Like right now, I know that knocking doors is always an option, right?
00:16:37
Speaker
I know that selling solar is always an option to go make really good money, but I like having lots of options out there.
00:16:43
Speaker
And so I think the smarter we are with our money and just being disciplined with it and learning about real estate investing or other things too, but like we open up our minds to other avenues and give ourselves more options and that equals
00:16:57
Speaker
more freedom later on.
00:16:58
Speaker
Yeah, 100%.
00:16:59
Speaker
Well, yeah, it's cool hearing all these options because pretty much all I knew before digging more into your stuff and some of the other guys on there is just like, I follow Grant Cardone and he's like, oh, you should never buy.
00:17:11
Speaker
Owning is a liability, only buy a house.
00:17:14
Speaker
only get investment property or rental property, whatever, and then just always rent.
00:17:18
Speaker
So I was like, okay, well, I guess I better just do what Grant Cardone says.
00:17:21
Speaker
He's loaded.
00:17:23
Speaker
But then, yeah, I started hearing some of these house hacking and different ways to do it.
00:17:26
Speaker
And that kind of like opened more things up for us and made us see some different possibilities that we didn't think were there before.
00:17:34
Speaker
But yeah, so like for you, if we're talking to door to door reps or people in solar, what would you say are like some of the easiest ways to get into real estate?
Starting in Real Estate Investing - Q&A
00:17:43
Speaker
Because like you said, there's a ton of fluff out there and there's like the Grant Cardones that are just saying only buy rental properties.
00:17:49
Speaker
What do you what would you say is like the fastest, easiest way or like simplest way to get in it for some of us people that, you know, aren't as bright with the real estate and just getting started?
00:17:58
Speaker
Yeah, great question, man.
00:18:00
Speaker
And I think the first thing is like the mindset piece of it, which yes, that's not a strategy.
00:18:07
Speaker
But like it's where there's a will, there's a way.
00:18:09
Speaker
And just understanding there are so many strategies to use.
00:18:13
Speaker
And I'll talk about some of them, but a lot of people think it's like, oh, I don't have two years of tax returns yet.
00:18:18
Speaker
So like I'm out or like I live in an expensive area.
00:18:22
Speaker
So I'm out.
00:18:22
Speaker
And so that's the first step is just like having the mentality of
00:18:26
Speaker
Yes, you might have to learn it, but once you learn it, like you're good to go, you know, and a lot of the fear goes away once you start to understand it.
00:18:34
Speaker
But I tell people this all the time.
00:18:35
Speaker
This is why I don't agree with Grant Cardone in the sense I get what he's trying to say.
00:18:40
Speaker
And a lot of it is he just wants attention.
00:18:42
Speaker
But I get what he's trying to say as far as like, you know, focusing on your business and all these things.
00:18:47
Speaker
But my first home that I bought, it was less than $6,000 is what I had to put down.
00:18:54
Speaker
And that home, that was probably eight or nine years ago that I bought that.
00:18:57
Speaker
But that's turned into over a million dollars cash for me, like cash from that six grand, right?
00:19:04
Speaker
And a lot of that is like, a lot of that's from the cash flow on the property.
00:19:08
Speaker
I still have it.
00:19:10
Speaker
But then I also, you know,
00:19:12
Speaker
did a cash out refi where I pulled money out of it and I bought another property with that and that property cash flows.
00:19:17
Speaker
And I did the same thing with that property.
00:19:20
Speaker
Um, and got into another one with no money.
00:19:21
Speaker
And so it's just, it's so powerful when you start to look at it that way.
00:19:25
Speaker
And it's like, okay, wait, Grant Cardone said you should never own your own, own your own house.
00:19:31
Speaker
You know what I'm saying?
00:19:31
Speaker
And so, uh, like we just sold our, our,
00:19:34
Speaker
one of our houses in Utah before we moved out here and didn't do much to the house.
00:19:40
Speaker
We put a pool in, but even you subtract out the $80,000 that was for the pool and we made over 200K just from buying a house, living there, and then selling it.
00:19:53
Speaker
And so anyhow, there's different reasons why I disagree with what he has to say.
00:19:59
Speaker
But
00:19:59
Speaker
Yeah, so house hacking, that's one strategy.
00:20:01
Speaker
You talked about that.
00:20:02
Speaker
I feel like this gets hit on all the time.
00:20:04
Speaker
But it's funny, I was on a call with Brandon Turner a few hours ago.
00:20:10
Speaker
And he's the one that came up with the term house hacking.
00:20:13
Speaker
And he was telling me, he's like, I was in an Uber the other day.
00:20:16
Speaker
And anyhow, the guy was asking what I did.
00:20:18
Speaker
I said, I'm in real estate.
00:20:19
Speaker
And he's like, oh, yeah, I've been thinking about trying like the house hacking method.
00:20:23
Speaker
And he's like, oh, yeah, that's cool.
00:20:24
Speaker
Where did you hear about that?
00:20:27
Speaker
Like, oh, just some people were talking about it.
00:20:29
Speaker
and it's just it's just funny but uh house hacking is a great strategy basically all that means is you can owner occupy a home so you get into it for a lower down payment uh for your loan because you're willing to to live there or live in part of it so like that's how i got into my first house put three and a half percent down i lived in one of the bedrooms i was single so i rented out all the other rooms eventually i moved out and rented out my room
00:20:54
Speaker
And the basement was also unfinished.
00:20:56
Speaker
So we added in two more bedrooms when we finished that.
00:20:59
Speaker
And so it was even more cash flow.
00:21:01
Speaker
So little things that way you can do that.
00:21:04
Speaker
Like I said, a lot of times you have to live there for at least a year.
00:21:08
Speaker
But even my wife and I got married, we bought a duplex and we lived in the upstairs unit and the basement had a kitchen and two bedrooms and a living room.
00:21:16
Speaker
And so renting that out, it was able to cover all of the payment.
00:21:20
Speaker
And so we weren't paying anything while we were living there.
00:21:23
Speaker
And then eventually when we moved, everything we rented the upstairs for was now cashflow.
00:21:28
Speaker
Like it went straight to our pocket, which was super awesome.
00:21:31
Speaker
So that's like one of the easiest ways to get started.
00:21:34
Speaker
One of the easiest strategies, even like live in flips too, like is another great way where if you're, you want to step up to maybe a little bit nicer of a home instead of just
00:21:45
Speaker
going all out on the house.
00:21:47
Speaker
I would suggest buying something where you can put some sweat equity into it and you can slowly get it fixed up.
00:21:53
Speaker
You don't have to personally do it, but we've made a lot of money over the years by owner occupying a home and then we'll live in part of it while we're rehabbing the other part.
00:22:03
Speaker
And then we'll switch, live in the other part, rehab the other one.
00:22:06
Speaker
And so you feel like you're living in a brand new place when it's all done, but you've also built up all this equity and maybe you put 50 grand into it, but that 50 grand has made the value go up 150 grand.
00:22:17
Speaker
Yeah, that's cool.
00:22:19
Speaker
Well, in something like in our situation, I guess it's kind of specific to what I'm going through right now.
00:22:23
Speaker
But like in our place as the Casita, we're trying to decide whether to do like long term rental it or just Airbnb it.
00:22:31
Speaker
And like, obviously, if we Airbnb, we have to furnish it and like put some money into it.
00:22:37
Speaker
We've got to like fix up rooms and stuff like that.
00:22:39
Speaker
Where if we long term rental, we don't really have to like put as much into it and can just start renting it out immediately.
00:22:45
Speaker
So I don't know if you've done both, but like what would you say is like better?
00:22:49
Speaker
What's like the pros and cons?
00:22:51
Speaker
Would you say of something like that?
00:22:53
Speaker
Yeah, so I've done both.
00:22:54
Speaker
I do both.
00:22:55
Speaker
right now, there are pros and cons.
00:23:00
Speaker
Especially if you can, it's nice having options too.
00:23:02
Speaker
I love getting a property that makes them, usually you're going to cashflow a lot more if you Airbnb it.
00:23:09
Speaker
The shorter term you rent it out, the more money you can make because people are willing to pay more for a day versus an entire month.
00:23:16
Speaker
Anytime you can do that, great.
00:23:19
Speaker
A lot of times now places are cracking down, so you have to do your research and what allows you to do that.
00:23:25
Speaker
But I like having a backup option where the numbers still work in case I didn't Airbnb it or it got outlawed.
00:23:32
Speaker
I could still have it as a long-term rental and it's still going to pencil really well in cashflow for me.
00:23:37
Speaker
But yeah, there's more maintenance because you have guests that are coming in and out all the time.
00:23:42
Speaker
So you also have to maintain five-star reviews and different things like that.
00:23:46
Speaker
But your property is also being cleaned.
00:23:48
Speaker
every couple of days.
00:23:50
Speaker
So a lot of times we'll actually stay in better shape because cleaners are always going in there.
00:23:54
Speaker
If something breaks, you find out about it quick.
00:23:56
Speaker
So you always have to keep it up to date.
00:23:59
Speaker
But the long-term stuff is way more hands-off.
00:24:02
Speaker
You don't have to provide toilet paper, silverware, like everything.
00:24:06
Speaker
I just bought an Airbnb a couple months ago and where I bought it, you have to use their management company.
00:24:12
Speaker
Yeah.
00:24:13
Speaker
Which I'd rather just self-manage or have, you know, have my property manager handle it because they don't take as much of a percentage.
00:24:19
Speaker
But it's crazy.
00:24:21
Speaker
The amount of stuff like it's taken like months.
00:24:24
Speaker
It's still not even live yet because they're so strict in what they require before they'll put it on and actually list it and rent it out.
00:24:33
Speaker
And so just little things.
00:24:34
Speaker
Yes, yes, the one desert color.
00:24:36
Speaker
It is a nightmare.
00:24:37
Speaker
I'm like, can we just rent this out already?
00:24:39
Speaker
Like what's going on?
00:24:41
Speaker
So it's just, yeah, they want like, I swear, like three sets of silverware for the maximum amount of guests.
00:24:47
Speaker
You're like, no one's ever going to use, you know, 60 things of silverware, like this house and just like the shelves weren't the
00:24:54
Speaker
I had like just like a, I don't know, a normal shelf, like what you buy in the owner's closet to stack up the like the pillowcases and extra towels and whatever.
00:25:05
Speaker
And it wasn't like built in.
00:25:07
Speaker
So like, well, we can have our guy custom build it in and then we can, it's just like little silly things.
00:25:13
Speaker
You're like,
00:25:13
Speaker
Are you serious?
00:25:14
Speaker
But anyhow, so there's more hoops to jump through to get things ready, which can also be a good thing.
00:25:20
Speaker
Yeah.
00:25:21
Speaker
Well, yeah, we actually went in on a property.
00:25:23
Speaker
So we have a place of desert color too.
00:25:25
Speaker
Oh, right on.
00:25:26
Speaker
Oh, I know what you're going through with all this stuff.
00:25:28
Speaker
Do you use those nightly rental as well?
00:25:31
Speaker
Yeah.
00:25:31
Speaker
Yeah.
00:25:31
Speaker
Yeah.
00:25:32
Speaker
yeah cool man so yeah we're going through all that but well yeah and we we went in on it with like six other people so it was uh i don't know if it's the most ideal thing because we haven't really profited yet unfortunately um but yeah i don't know hopefully it's i guess if you did it then it must be a good thing right because even though they do take a lot it's like 35 i think to manage it right yeah yeah they take a chunk yeah yeah so it's a lot
00:25:58
Speaker
But yeah, well, like for guys that maybe they're not buying
Creative Partnerships in Real Estate
00:26:01
Speaker
a house, but just want to start getting more in like investments.
00:26:04
Speaker
Like if you could go back when you first got your place, because it sounds like you started with the whole house hack thing.
00:26:10
Speaker
Is that how you would have started?
00:26:11
Speaker
Or let's say if you had like way more cash, do you think you would have just started buying like a rental property?
00:26:17
Speaker
Or what do you think you would do if you could like go back with a bunch of money and start different?
00:26:21
Speaker
Yeah, this is a good question because I've made a lot of mistakes over the years.
00:26:28
Speaker
I think going back, yeah, that's what I would do.
00:26:30
Speaker
But to answer your question, if I had a lot of cash, like my second house that I bought, I put the most random.
00:26:36
Speaker
It was like I could have put a lot less down on it and leveraged my money a lot better.
00:26:43
Speaker
But instead I was like, oh, I have this in the bank and this seems like a good number.
00:26:47
Speaker
And so I just like put a chunk down, right?
00:26:49
Speaker
Not very smart in terms of leverage and getting the highest cash on cash return.
00:26:54
Speaker
And so what I would do is do both.
00:26:58
Speaker
Like house hack the property, put the least amount that you can down and then go buy an investment property where you put 20% down.
00:27:07
Speaker
Let's say someone has 25% for a down payment.
00:27:11
Speaker
Instead of just putting that down and living in the house, I'm like, get two properties, leverage it the best that you can.
00:27:17
Speaker
And even then you can go get a vacation home loan for a vacation home with 10% down and you can Airbnb that out.
00:27:24
Speaker
So there's a lot of other ways to get into real estate without your typical 20, 25% down payment.
00:27:31
Speaker
Right.
00:27:32
Speaker
And what's your thoughts on, because like I was telling you for the desert color house, like I went on it with like six different people, which I don't know if looking back, maybe that wasn't the best idea.
00:27:41
Speaker
But have you done stuff deals like that where you do with a bunch of people?
00:27:44
Speaker
Is that worse than just maybe getting like a cheaper property and doing it all yourself?
00:27:48
Speaker
Or what's your thoughts on that?
00:27:50
Speaker
Yeah, that's another good question.
00:27:52
Speaker
So, I mean, for me, I don't have anything that is more than one partner that I have on any property, but it's all relative, right?
00:28:02
Speaker
And I like to say it's like a puzzle.
00:28:05
Speaker
If I only have one piece of the puzzle, I have no idea what the picture looks like, right?
00:28:09
Speaker
So even like desert color, it's like, oh, Brody bought desert color.
00:28:13
Speaker
I bought desert color like...
00:28:14
Speaker
must be a good thing, right?
00:28:15
Speaker
Like it's, it's only one, it's not comparing apples to apples or there's so many equations to the story, right?
00:28:21
Speaker
Like so many different reasons.
00:28:23
Speaker
Like the house that I got, um, it has a casita in the back.
00:28:27
Speaker
Right.
00:28:27
Speaker
And so like that worked out, worked out well, it's another way I can rent those out separately.
00:28:32
Speaker
Right.
00:28:33
Speaker
There's all these different reasons.
00:28:33
Speaker
Like when I bought my house,
00:28:35
Speaker
By the time I put on her contract and closed on it, it went up 250 grand in value with the next house sold for it, the same model.
00:28:43
Speaker
So little things like that, where it's like, depending on the background of the deal, the numbers don't lie and it always comes down to the numbers.
00:28:53
Speaker
And so one thing I say with partnerships, because partnerships are a great way to get into real estate, but you got to leverage them the right way.
00:29:01
Speaker
and oftentimes what you realize is even in business if you have a business partner that thinks just like you that has the exact same skill sets as you the same weaknesses as you as well like usually the the partnership doesn't work out as well right because you guys are missing like the the same weakness is the same for you so you got to find somebody else to kind of fill that void right so same thing in real estate if it's like hey
00:29:25
Speaker
that there's this property, we're gonna split it six ways, we're all gonna put one sixth of the down payment in.
00:29:30
Speaker
The outcome is essentially the same from a numbers or return standpoint, if you were to buy it by yourself and keep all of it, right?
00:29:39
Speaker
If it's a good deal at one sixth of it, putting one sixth of the down payment in, it's probably a good deal if you're buying it by yourself.
00:29:45
Speaker
If it's not a good deal, buying it by yourself, it's not a good deal splitting up into six people, right?
00:29:50
Speaker
So what I mean by that, the reason I say all that is what you wanna then go and do
00:29:54
Speaker
is find partners where their strengths or your weaknesses, your weakness is their strength.
00:29:59
Speaker
So the best way to get a high return on something like that or to take a normal deal is to go put it together, go structure it.
00:30:08
Speaker
And somebody else's strength might be money.
00:30:10
Speaker
Yours might be the time and the creativity of actually finding the deal and getting everything done.
00:30:15
Speaker
And then theirs might be, hey, I don't have any time to go and do that or find the deals, but here's all the money.
00:30:21
Speaker
Now what happened to your return if you're putting in
00:30:23
Speaker
you know, one sixth of the money, but you're keeping 50% of the returns, you're, you're,
00:30:28
Speaker
return just went through the roof.
00:30:29
Speaker
Right.
00:30:30
Speaker
So little things like that, I'm a, I'm a huge fan of, I talk a lot about this tiny home resort that, that I'm building right now.
00:30:36
Speaker
It should be done here pretty soon, but like that one's awesome.
00:30:39
Speaker
I love it because I put it together.
00:30:42
Speaker
I got it zoned.
00:30:43
Speaker
I got it, you know, the plans approved and everything worked up with the city.
00:30:46
Speaker
I got the law under contract.
00:30:48
Speaker
And then I went and found someone else to bring in all the money because the return was there from all the work that I did.
00:30:53
Speaker
And so that's just such a cool one to me because I have a little bit of money into it, like maybe 40, 50 grand, but it's going to cashflow over $10,000 a month.
00:31:05
Speaker
Um, that goes to me and then another 10,000 plus that goes to my partner that put in majority of the money.
00:31:10
Speaker
Nice.
00:31:11
Speaker
So it's just about like getting, getting creative.
00:31:14
Speaker
And like I said, I love the puzzle piece analogy.
00:31:16
Speaker
Cause it's like, you need, you need to understand all the pieces of the puzzle.
00:31:20
Speaker
You know, a lot of people will say, Hey, like I,
00:31:23
Speaker
I paid, you know, whatever, $2 million for this house.
00:31:27
Speaker
And everyone's like, oh, you got ripped off.
00:31:28
Speaker
You got ripped off.
00:31:29
Speaker
And it's like, no, you can actually overpay for a house and get a crazy good deal on it.
00:31:34
Speaker
You can underpay for a house and get a horrible deal on it.
00:31:37
Speaker
Right.
00:31:37
Speaker
It's just you have to understand all the pieces to it to really decide, oh, no, that is a good deal or no, that's not a good deal.
00:31:43
Speaker
Yeah, I like that.
00:31:45
Speaker
Well, yeah.
00:31:45
Speaker
And like for me, I've heard you talk about the tiny home resort place.
00:31:50
Speaker
And yeah, that's that's super cool.
00:31:52
Speaker
I'm like, well, how does he think of something like that?
00:31:54
Speaker
But like, that's what crosses my mind is like, man, like, how am I going to be that creative?
00:31:59
Speaker
like brody like i would never think of like just looking at a piece of land and be like oh i'm gonna put a tiny home place right there and then also with like finding uh partners so how do you i'm sure like joining you know groups like you have is one way but how would you suggest like finding partners and like how did you develop this creativity to be like oh i'm gonna put a tiny home place here and like get all creative with it because for me that's like that's like
00:32:23
Speaker
I guess I have these thoughts of like, oh, I don't see how I could ever be that creativity.
00:32:27
Speaker
I feel like Brody has a superpower that I don't have.
00:32:30
Speaker
So what do you say to people like that?
00:32:32
Speaker
And how did you get so creative with those deals and find partners and do stuff like that?
00:32:36
Speaker
Yeah.
00:32:37
Speaker
So I guess two questions.
00:32:38
Speaker
So the one, the finding the partner one, this is interesting because like everybody has this question and it's actually in
00:32:46
Speaker
an easy one.
00:32:47
Speaker
It's not hard to find money.
00:32:49
Speaker
It really isn't.
00:32:50
Speaker
A lot of people think it is, but if it's hard to find money, it's because you don't have a good deal.
00:32:55
Speaker
As soon as you have a good deal and you figure out how to, how to structure that, then the money is like really, really, really easy.
00:33:01
Speaker
There's so many people with lots of money and not enough places to put it.
00:33:05
Speaker
Um, especially in, in this space, right?
00:33:08
Speaker
How many people go,
00:33:09
Speaker
make a couple hundred grand in a summer and they come back and they like, don't know what to do with it.
00:33:14
Speaker
Right.
00:33:14
Speaker
It's, it's, there's lots of people.
00:33:16
Speaker
So that's the easy one.
00:33:18
Speaker
Um, how do you go and be creative and go do that?
00:33:23
Speaker
I mean, it's almost like, you know, shadowing somebody on the doors for the first time and being like, Hey, they have the gift.
00:33:28
Speaker
Like I'm never going to,
00:33:30
Speaker
I'm never gonna get there.
00:33:31
Speaker
I'm never gonna be able to sell like them.
00:33:33
Speaker
And it's just diving into it and learning.
00:33:36
Speaker
Like I have so many hours under my belt of just like podcast after podcast, book after book, like listening to things, talking about it, thinking it through, like actually working on my properties.
00:33:48
Speaker
And that's another reason why like I believe so much in real estate investing school is because it just saves you time and it bridges the gap.
00:33:55
Speaker
Like instead of having to go through
00:33:58
Speaker
all of the stuff.
00:33:59
Speaker
It's in one place.
00:34:01
Speaker
You have one personality accountable.
00:34:03
Speaker
You have a community of motivation, all of these things.
00:34:06
Speaker
So we try and make it very easy to where as soon as someone enrolls in the program, like it's downhill from there.
00:34:12
Speaker
Obviously, there's a lot of work that's involved, but like if you just follow the steps, you're going to be successful.
00:34:18
Speaker
So I think just, yeah, the answer to that question is you just have to, you have to learn, you have to figure it out, you have to dive into it.
00:34:25
Speaker
And then the more, you know, it's almost, it's almost like, you know, the more tools end up in your tool belt and the more versatile you become to handle any project or anything that goes on in the house that were to break.
00:34:38
Speaker
I'm not talking about real estate house.
00:34:39
Speaker
I'm just using an analogy, right?
00:34:41
Speaker
If you only have a hammer, it's really hard to fix like a pipe that's leaking.
00:34:46
Speaker
But like if your tool belt is full of different tools and then a pipe leaks, like you're probably going to find something that works and is able to fix it.
00:34:53
Speaker
And so real estate's the same thing.
00:34:55
Speaker
The more you learn about it, the more you dive in, then you start to like...
00:35:00
Speaker
see the same deal that other people might pass on, but you look at it through a different lens and all of a sudden you, you turn that, you create a deal.
00:35:08
Speaker
You don't find a good deal.
00:35:09
Speaker
You go and create the good deal.
00:35:11
Speaker
Hmm.
00:35:11
Speaker
Okay.
00:35:12
Speaker
Yeah.
00:35:12
Speaker
I love that.
00:35:13
Speaker
Well, I guess it's just like anything, right?
00:35:14
Speaker
I mean, like that's solar guys.
00:35:16
Speaker
We bring on new people all the time.
00:35:18
Speaker
Like, Oh my gosh, how'd you take that person not interested?
00:35:21
Speaker
And now they're checking it out.
00:35:23
Speaker
And like, to us, it just feels normal, but like, um, the new guys, yeah, it seems like a superpower.
00:35:28
Speaker
So I guess probably the same thing with real estate.
00:35:30
Speaker
Maybe you're just like, Oh, I don't know.
00:35:31
Speaker
It's just a regular deal I found.
00:35:33
Speaker
But to us, that all looks like, like incredible.
00:35:36
Speaker
Like, Oh, how do you think of that?
00:35:37
Speaker
So, um, I like that analogy.
00:35:40
Speaker
Um, but yeah, and then like you, something that I've respected a ton is you, uh, just being on the same page with, um, your wife and, um, you guys share a lot on Instagram, just all the goals you do together and finding houses.
Collaboration and Goal Setting in Relationships
00:35:56
Speaker
Um, so as we start kind of wrapping up here, um, just to transition, I wanted to ask you like, what's been something, um,
00:36:03
Speaker
or how do you get your wife involved in all this and what are some what's some advice you have around that because as you know being door-to-door it's a lot of times super time demanding um with kids it's like sometimes we're neglecting our spouses our kids and all that so what are some tips you have around just like working with your spouse and having good relationships and doing the goals and all those things you talk about on instagram and everything
00:36:29
Speaker
Yeah, thanks, man.
00:36:30
Speaker
This one's an important one just because it's life, right?
00:36:34
Speaker
If you're not happy inside the home, it's really hard to be happy outside the home.
00:36:39
Speaker
It doesn't matter how good business is and how great things get and how much money you're making.
00:36:45
Speaker
And so, yeah, it all starts with Dan.
00:36:46
Speaker
But I would say like a few things that...
00:36:50
Speaker
we do that help out like one is just communication that's probably like number one uh most of like any argument or fights or anything like it just comes down to lack of communication right we don't understand that this was important to you and i didn't think it was important or this was important to me and you don't understand what's important to me or
00:37:08
Speaker
You had this scheduled and I didn't know about, right?
00:37:10
Speaker
Like it's usually like the root of most things.
00:37:13
Speaker
And so one thing that helps us, like we're big on planning, we're big on goal setting.
00:37:18
Speaker
So every year we do like a couple's goal setting retreat where we find a place and we go stay there.
00:37:24
Speaker
It's outside of our home, outside of the normal routine.
00:37:27
Speaker
And it's just us.
00:37:28
Speaker
We get a babysitter and we just get to dive into like these deep questions like,
00:37:33
Speaker
Hey, what does success look like for you?
00:37:35
Speaker
And basically set goals, but like around business and life and just get on the same page with understanding what's important to each other and what we want.
00:37:44
Speaker
And like the reason I live in Maui right now is because like that was on our goal sheet from last year.
00:37:51
Speaker
We didn't know it was going to be Maui, just knew we wanted to live on an island somewhere.
00:37:54
Speaker
And so
00:37:55
Speaker
It was a mutual goal that my wife and I both had, and we just figured out a way to make it happen.
00:38:00
Speaker
But on the shorter term side of things, we do weekly planning every single week.
00:38:06
Speaker
We have a weekly planning session where I'll do like a personal one.
00:38:10
Speaker
She'll do a personal one where we'll dive into everything we have planned and everything we need to get done.
00:38:15
Speaker
and things that we're excited about.
00:38:17
Speaker
And then the key part that I think a lot of people miss is once you do that, then you go through that with each other in order to get on the same page and say, hey, these are the important things I have scheduled this week.
00:38:30
Speaker
You know, what do you have that I need to get on my calendar?
00:38:33
Speaker
When's our date night going to be, right?
00:38:35
Speaker
Like, let's get that scheduled.
00:38:37
Speaker
I think that it's so easy just to live life, live life, not just by default, but like going through the motions.
00:38:45
Speaker
You know, it's like the analogy of throwing, throwing a twig in the river and it just like floats down.
00:38:52
Speaker
If the current goes this way, it goes this way.
00:38:55
Speaker
And a lot of times just live life that way.
00:38:57
Speaker
Like it's, we're not thinking about it.
00:38:59
Speaker
We're just going through the motions.
00:39:01
Speaker
And instead, like I want to live it more like a trout, right?
00:39:04
Speaker
Versus the twig where I can swim upstream if I want to swim upstream.
00:39:09
Speaker
If I want to go this direction, I'll go this direction.
00:39:11
Speaker
Like I'm in control, not somebody else.
00:39:13
Speaker
I'm in control.
00:39:14
Speaker
And so it just helps to be in control of what's happening and going on.
00:39:18
Speaker
And so I'm really big on systems and how do I control
00:39:21
Speaker
You know, if we're talking about having a date night, then like there's a system in place and there's, you know, it's scheduled.
00:39:27
Speaker
Like we have a babysitter set up, like we have reservations and to where it's in the calendar, everybody knows about it.
00:39:35
Speaker
It's a lot harder to not have that date night than it is just to have it, right?
00:39:40
Speaker
Because of the systems that are put in place.
00:39:41
Speaker
So probably a long, a long way of answering your question, but those are just a few of the things that, that have helped us a ton.
00:39:48
Speaker
Yeah, I went and I heard your guys' goal podcast that you did and we went and checked out that goal sheet and it's pretty in-depth.
00:39:57
Speaker
I was like, holy, this is like, yeah, super in-depth, all the questions you go into and everything.
00:40:01
Speaker
Yeah, you need some time to do that with your wife, yeah.
00:40:04
Speaker
I know.
00:40:04
Speaker
Cause I was thinking it was just like, go do it in an hour.
00:40:07
Speaker
But then I heard you guys talking on the podcast.
00:40:09
Speaker
You're like, Oh no, you reserve like a whole weekend, go travel somewhere and do this.
00:40:14
Speaker
And I'm like, wow, this is next level.
00:40:15
Speaker
This is like a, this is like extreme manifestation right here.
00:40:20
Speaker
So yeah, you got to, man.
00:40:22
Speaker
You can't rush it.
00:40:23
Speaker
You just got to go through it and then talk about it.
00:40:25
Speaker
And I feel like a lot of the power comes from actually talking about it once you set the goals and why you set them and it becomes important that way too.
00:40:34
Speaker
Yeah.
00:40:35
Speaker
So, yeah, we haven't done the whole thing yet, but we didn't plan good enough to do the whole weekend and all our families in Utah and...
00:40:43
Speaker
So a little bit tough for us to plan like the whole weekend getaway, but we're like, okay, well, I'm sure it's, you know, second best thing is maybe just doing it in chunks or, you know, a little bit in there.
00:40:54
Speaker
So we're starting with that, but no, I, yeah, I love what you guys are doing.
00:40:59
Speaker
And it's no wonder you're having all the success because you guys manifest it.
00:41:03
Speaker
Seems like you're on the same page with pretty much everything you do.
00:41:06
Speaker
But is there any time where you guys aren't on the same page or where you're like, Hey, I'm,
00:41:10
Speaker
You're like, hey, honey, I'm doing this investment where she's like, you've had to sell her on stuff or do you feel like you guys are pretty much always on the same page?
00:41:18
Speaker
And she's like, oh, no, let's just do any investment.
00:41:20
Speaker
Would she ever try and talk you out of stuff?
00:41:23
Speaker
Yeah, with investments specifically, it's interesting because she used to be more involved in the real estate investing side of things.
00:41:32
Speaker
Yeah.
00:41:33
Speaker
than she is now just because she has her own business and she gets busy with that.
00:41:38
Speaker
But it's usually like we're pretty in sync with, hey, this came up.
00:41:43
Speaker
We'll talk about it, pros and cons of it.
00:41:46
Speaker
And then it's like, I feel good about it.
00:41:47
Speaker
You feel good about it.
00:41:48
Speaker
Sweet.
00:41:49
Speaker
And that's usually how our conversations go a lot of the times.
00:41:53
Speaker
And sometimes I'll put someone under contract.
00:41:56
Speaker
You're not
00:41:56
Speaker
tied to it you can always back out right and then we'll dive into it deeper um and have the conversation on it once we know it's like something that you know could happen or the offer has been accepted but yeah there's been some times there's been you know like one time specifically i can think of usually we're like all in the same but one time specifically i'm like i really feel like we need to buy this house and she's like ah it's a this is a stretch like you know it's going to put us in a tight spot for a little bit i'm like i don't know why i just feel like we
00:42:26
Speaker
really, really need to do this.
00:42:29
Speaker
And she's like, all right, well, if you feel like it, let's do it.
00:42:32
Speaker
And anyhow, it was just a house that we flipped and it was cool.
00:42:35
Speaker
We made like 80 grand on it pretty quick.
00:42:39
Speaker
But other than that, everything we've done has pretty much been, we're on the same page or we just don't do it.
00:42:45
Speaker
Nice.
00:42:46
Speaker
That's good.
00:42:47
Speaker
Oh yeah.
00:42:47
Speaker
Less, less fights.
00:42:48
Speaker
I'm sure.
00:42:49
Speaker
So that's the way to do it.
00:42:50
Speaker
Um, and then last question that I can think of that I had for you, Brody, um, before we wrap up here is, uh, for us, I think another thing that took like all the comp, uh, the complexity out of it or made it a little less complex for us is, uh, before we were just like looking
Real Estate Investment Tips and Strategies
00:43:09
Speaker
all over the place on Zillow and just trying to like, uh,
00:43:11
Speaker
Think of how we can, how can we be creative, like all these people on Instagram and keep up.
00:43:17
Speaker
But I think when it helped with us or what helped with us is finding like a real estate agent and like talking to lenders and they like kind of broke it down, made it way more simple for us.
00:43:29
Speaker
and actually finding a place so how important would you say that is like finding a good real estate agent finding like lenders do you feel like that's something that's pretty crucial for guys to start getting into it or can you just go off and start finding your own deals or what how important of a role do you think that plays in getting started and all this
00:43:47
Speaker
Yeah, no, I think that's important.
00:43:49
Speaker
The cool thing about putting your team together, and we talk a lot about this inside the school as well, is it doesn't cost you any money.
00:43:56
Speaker
There's so many people who have been over backwards for you.
00:43:59
Speaker
They get paid when the deal goes through.
00:44:02
Speaker
And it's money that usually the seller pays for anyways.
00:44:06
Speaker
You don't pay a real estate agent, right?
00:44:07
Speaker
They get paid out of the seller's equity that's coming from the home most of the time, right?
00:44:14
Speaker
So
00:44:15
Speaker
Little things where you feel like it might hurt you.
00:44:17
Speaker
Well, it's not going to hurt you at all.
00:44:18
Speaker
It doesn't cost you anything to have a good lender.
00:44:20
Speaker
Like they get paid from closing costs when the loan goes through.
00:44:24
Speaker
Like, so there's so many people that you can set up to where they're on your team.
00:44:29
Speaker
You can call them anytime you want to.
00:44:30
Speaker
They understand it.
00:44:32
Speaker
And that's like, even with real estate business school, we have our experts for that specific reason.
00:44:38
Speaker
Like, like we have a financing expert, we have a buy and sell expert, we have an expert that's over title, right?
00:44:45
Speaker
A tax expert.
00:44:46
Speaker
So like anytime you have, and obviously it doesn't have, you don't have to be part of real estate investing school to have those people like that.
00:44:53
Speaker
But you can go get those people and create them.
00:44:56
Speaker
anywhere.
00:44:57
Speaker
And that way, when you do have questions or you have them working for you, like that's the best is, Hey, I'm looking for this type of a deal and you can have multiple real estate agents, you know, that work for you.
00:45:06
Speaker
If an agent brings me a deal, like, and it's a good deal and it pencils, like I'm going to buy the deal with them and they're going to get commissioned for it.
00:45:14
Speaker
Right.
00:45:14
Speaker
So letting people know that, um, is huge.
00:45:17
Speaker
And, and it's, it's also,
00:45:20
Speaker
Just a balance of right now, you have an opportunity to go make a lot of money doing solar.
00:45:25
Speaker
And if that's what you're best at and that's your highest dollar per hour task, then yeah, it's probably what you should be doing.
00:45:31
Speaker
Like you shouldn't go get your real estate license.
00:45:34
Speaker
You know what I'm saying?
00:45:35
Speaker
Like focus on your moneymaker and find people that are experts that have the dedicated time to go do the other stuff.
00:45:42
Speaker
is, is huge, I would say.
00:45:44
Speaker
But if you, if you do think you want to, I think there's a balance, you know, cause you want to understand real estate, but if like long-term you want to get into it and the investing side of things, then you for sure should, should learn about it.
00:45:56
Speaker
Yeah, no doubt.
00:45:57
Speaker
Yeah.
00:45:57
Speaker
I just know that was something that's super helpful for us talking to people that know, you know, more than we do and not like stressing nonstop overlooking at Zillow for two hours every night.
00:46:06
Speaker
You can just go get guys that let's like a job and they'll do it for free.
00:46:10
Speaker
I can come find you stuff.
00:46:12
Speaker
So yeah, I think it's helpful for sure.
00:46:14
Speaker
And then what's your take on like, you know, the interest rates are going crazy right now and it's affecting us in solar too.
00:46:20
Speaker
Cause yeah, you know, rates for solar loans are going up.
00:46:24
Speaker
So what's your thoughts on that?
00:46:25
Speaker
Is that like made you slow down on doing deals or anything?
00:46:29
Speaker
Or do you think guys should like consider that at all when they're looking for deals right now?
00:46:33
Speaker
Or what do you have to say about that?
00:46:34
Speaker
Yeah.
00:46:34
Speaker
Once again, like it's, it's just a puzzle piece, right?
00:46:37
Speaker
So it fits in, fits into the puzzle.
00:46:40
Speaker
Like I can say like, Hey, like I got a 20% interest rate on this, on this house that I just bought.
00:46:47
Speaker
Is that good or bad?
00:46:48
Speaker
And everyone's going to say, Oh, that's horrible.
00:46:50
Speaker
That's bad.
00:46:51
Speaker
Well, it's like, well, I didn't tell you the other puzzle pieces.
00:46:54
Speaker
You know, I also got this for $300,000 under asking price.
00:46:59
Speaker
And I didn't have to put any of my own money down and it's seller financed at whatever.
00:47:03
Speaker
Right?
00:47:03
Speaker
Like, so point being like, you have to understand all the pieces to it.
00:47:07
Speaker
And just because interest rates are high right now, it doesn't mean that like, there's no good deals out there.
00:47:13
Speaker
If anything, right?
00:47:15
Speaker
Like, because interest rates are high, market slows down a little bit because the market slows down a little bit.
00:47:20
Speaker
Sellers look at things, they're open to more options and they get desperate and need to sell a home.
00:47:25
Speaker
But,
00:47:26
Speaker
Like there's so many people that right now are offering seller financing for better terms, like on their house, because they want the same sales price out of it, but people can't qualify for the loan on it or something like that.
00:47:39
Speaker
So just a matter of like finding those ways to use it to your advantage.
00:47:44
Speaker
I don't know how that works out in the, in the solar space necessarily, but in real estate, like it's great.
00:47:49
Speaker
Cause you can, you can really negotiate and, uh,
00:47:53
Speaker
in a lot of ways that actually like it's it's not forever either like that's the cool thing with a rate is like you can always refi out of it you know things aren't going to stay high forever most likely but uh that's my take yeah okay that's interesting and so for like newbies like me seller financing that's just where the seller just like you're just like loaning it from the seller not they're like
00:48:17
Speaker
a bank or a lender or whatever and then just paying them back over time so yeah they just pretty much act as the bank and there's a lot of reasons why a seller would do this um a lot of reasons where it's it ends up being like a win-win scenario um like i said one of them is if they want top dollar out of their
00:48:35
Speaker
out of their home.
00:48:36
Speaker
Right.
00:48:36
Speaker
But like, um, there's a lot of taxes if they were to just say they own this home outright and they all of a sudden get a, you know, $400,000 check for it.
00:48:45
Speaker
Like there's a lot of, um, money that goes straight to taxes with that versus they can write off a lot more if they're seller financing it.
00:48:52
Speaker
Some of them love the idea of they don't want a big lump sum of money, but they like the passive income that came from the rental property, but they just don't want to manage it.
00:49:01
Speaker
They don't want to deal with if something happens or it breaks.
00:49:04
Speaker
but they just want to collect their monthly check.
00:49:05
Speaker
Like I've done multiple deals like that and it works out so well.
00:49:09
Speaker
Cause like, Hey, I don't need a bunch of money down.
00:49:11
Speaker
I just want to keep collecting the money I've been collecting.
00:49:14
Speaker
And I'm like, sweet because the rents are way low.
00:49:17
Speaker
So I know I can keep paying you that and I can go in and I can almost double the rent and I can take everything on top without getting a bank, without having to use my credit, without all of these things.
00:49:28
Speaker
Right.
00:49:29
Speaker
Hmm.
00:49:30
Speaker
Okay.
00:49:31
Speaker
And when you set that up, do you tell like your agent or something, Hey, find people that are willing to do this, or do you have to kind of like get into deals first and then ask them if they're willing to do something like that or how to even start that?
00:49:42
Speaker
Yeah.
00:49:43
Speaker
There's a lot of different ways to do it.
00:49:45
Speaker
Um, and a lot of times usually those deals, well,
00:49:49
Speaker
They can be, but a lot of times they're not listed through the MLS with an agent.
00:49:54
Speaker
Sometimes they are, and this is another good way to find them is just search.
00:49:57
Speaker
Like seller financing, it'll pull up anything in the comments that says owner financing or seller financing if they're open to it or not, right?
00:50:05
Speaker
And sometimes they'll seller finance part of it and you'll get a loan for the other part.
00:50:08
Speaker
But yeah, there's certain forms that you'll fill out that yeah, your agent can help you with.
00:50:15
Speaker
The other thing is if you're not using an agent and it's for sale by owner or something like that, the title company that you use, they can also help you with it as well, where they'll structure everything to where it's, yeah, the I's are dotted and the T's are crossed.
00:50:30
Speaker
Like it's legit.
00:50:31
Speaker
It's just like buying it from the bank in a lot of ways.
00:50:33
Speaker
And it's secure for the seller because if you stop paying, you know, they can take back their house.
00:50:38
Speaker
Right.
00:50:39
Speaker
Huh.
00:50:40
Speaker
That's awesome.
00:50:40
Speaker
Well, that's super interesting.
00:50:42
Speaker
Yeah, I know.
Invitation to Real Estate Investing School and Broader Dreams
00:50:44
Speaker
Yeah.
00:50:44
Speaker
Don't want to get insanely deep because I know I'll start going over people's heads probably.
00:50:50
Speaker
But yeah, speaking of going deep, though, for guys that do want to get really deep and, you know, work with you more, Brody, what's the best way to get involved with the real estate investing school or connect with you more?
00:51:02
Speaker
Yeah.
00:51:02
Speaker
Thanks for asking.
00:51:03
Speaker
They can go to realestateinvestingschool.com.
00:51:06
Speaker
You can book a free strategy call, see if it's a good fit.
00:51:10
Speaker
Or Instagram as well is just at realestateinvestingschool or at Brody Fawcett is my Instagram handle.
00:51:17
Speaker
But yeah, we just try and add as much value as we can, even if you don't end up joining the school.
00:51:22
Speaker
We just, yeah, I love the idea of helping people become more financially free.
00:51:26
Speaker
So yeah.
00:51:27
Speaker
Yeah, definitely.
00:51:29
Speaker
And yeah, I mean, full disclaimer, I haven't joined the school yet.
00:51:32
Speaker
I have plans to, but didn't join it yet.
00:51:35
Speaker
But I did hop on a call with one of your guys.
00:51:37
Speaker
And even just that call, there's a ton of value added.
00:51:39
Speaker
And, you know, they answered all my questions.
00:51:42
Speaker
And so even guys that are just curious about it or just have questions about real estate in general.
00:51:47
Speaker
Yeah, I would highly recommend it because I know you guys are always there to add value and help.
00:51:51
Speaker
So appreciate what you're doing.
00:51:53
Speaker
Absolutely, man.
00:51:54
Speaker
Yeah.
00:51:54
Speaker
And so just to wrap up here, is there any final advice or any, I don't know, anything else you've noticed in the solar industry in specific that you would leave with our solopreneur listeners before we say goodbye, Bernie?
00:52:07
Speaker
Dude, the only thing that's like that I would say that's kind of...
00:52:10
Speaker
on my mind is and this maybe this goes against like i don't know obviously i spent eight years right in the industry and i wouldn't trade any of that and i don't think i would even get out sooner right like i i'm proud of that and where you guys are at it's like yeah go dominate like make it worth it take advantage of it um but don't get stuck in the mindset of thinking that
00:52:33
Speaker
that like it's the end all be all does that make sense and this this i'll give this advice to like anybody in in any industry um it's not that you can't make it a a lifelong career like i 100 believe you can do that you know even with the summers if someone wanted to like you could do that everyone's like it's so hard with kids and moving around no like you could you can do that it's fine right but i think what happens is we it's almost like this this bubble right like we look around and we're like okay
00:53:01
Speaker
this is considered good.
00:53:03
Speaker
Or like, if I make this much money, like I'm killing it.
00:53:06
Speaker
And I think in a lot of ways, like we sell ourselves short because of that.
00:53:11
Speaker
And we compare ourselves to people around us and it might seem really good, but just also be open to like realizing there, there's always another level.
00:53:21
Speaker
Like I love the, this concept of dreaming bigger, faster.
00:53:25
Speaker
And just like, there's, there's big things out there.
00:53:28
Speaker
You know, there's so, so much
00:53:30
Speaker
potential and especially when you understand sales and know how to do it and we all know like there's somewhat of a shelf life for solar right we don't know all the details or what that's going to look like or whatnot but just like be prepared and be open to opportunities and like legit opportunities to go 10x what you're doing now you know and just don't stop thinking and dreaming big of like
00:53:54
Speaker
what's possible, what do I have potential to go out and do?
00:53:57
Speaker
I think the moment we stopped doing that and think like we've, you know, quote unquote, made it because we we did well in solar as compared to our friends.
00:54:06
Speaker
It's like, it's just a spiral downward from there.
00:54:11
Speaker
So
00:54:12
Speaker
Yeah, love that.
00:54:13
Speaker
Well, Brody, it's been awesome having you on.
00:54:15
Speaker
And for our listeners, go give Brody a follow, shoot him a message.
00:54:18
Speaker
I know you got a million followers.
00:54:21
Speaker
Well, you'll be there someday, but I know you got a ton of followers, so he may or may not respond, but go shoot him a message and let him know you appreciate him coming on today.
00:54:29
Speaker
And yeah, go check out Real Estate Investing School and I hope to do more real estate investing and get more into it.
00:54:35
Speaker
But I appreciate you coming on, Brody.
00:54:37
Speaker
Hope to have you on again someday for a follow-up episode, but thanks again.
00:54:41
Speaker
Thanks, dude.
00:54:42
Speaker
Thanks for having me.
00:54:43
Speaker
Appreciate it.
00:54:44
Speaker
All right.
00:54:44
Speaker
Peace.
00:54:46
Speaker
Hey, solopreneurs.
00:54:47
Speaker
Are you sick and tired of spinning your wheels every month and not seeing your sales increase?
00:54:53
Speaker
Well, so was I. And the truth is I was never able to improve it until I figured out what was going wrong.
00:54:59
Speaker
So that's why I'm excited to announce for a limited time.
00:55:01
Speaker
We are doing a free sales diagnostic.
00:55:04
Speaker
We'll break down your sales process.
00:55:07
Speaker
figure out the holes in your business and see how we can help you improve.
00:55:12
Speaker
So at now we have six bucks for this month.
00:55:14
Speaker
So book a call now.
00:55:16
Speaker
Don't miss out.
00:55:17
Speaker
What you're going to do is send an email to taylor at solarpreneurs.com.
00:55:22
Speaker
That's taylor at solarpreneurs with an s dot com.
00:55:26
Speaker
I'll send you out a calendar link and we will figure out the time that works best.
00:55:31
Speaker
So shoot that email and let's increase your sales.