The Mentor Podcast

What you'll learn about in this episode: In this enlightening episode of The Mentor Podcast, host Ron LeGrand introduces Nate Hare, an expert in leveraging real estate investments through self-directed IRAs and other tax-advantaged pension plans. Nate provides his unique perspective on how to grow your wealth tax-free, using real estate as a strategic investment tool within your retirement accounts. This discussion is crucial for anyone looking to maximize their financial growth with minimal risk and no borrowing, complementing Ron's teachings on financial freedom. Key Topics Covered: Introduction to Self-Directed IRAs: Nate explains the basics and the power of using self-directed IRAs for real estate investments, emphasizing the potential for creating tax-free wealth. Difference Between Custodians: The distinction between financial institutions like Fidelity and specialized custodians like Directed IRA, which allow for non-traditional investments such as real estate. Types of Plans for Self-Direction: Discussion on various retirement plans that can be self-directed, including Traditional IRAs, Roth IRAs, Solo 401(k)s, HSAs, and ESAs, and their respective benefits. Investment Strategies in Tax-Exempt Plans: Nate shares why certain investment strategies work best in Roth IRAs and other tax-exempt plans, highlighting the advantages of tax-free growth and distributions. Real-Life Success Stories: Inspirational stories of investors who have successfully utilized their IRAs to invest in real estate, demonstrating the potential returns and tax benefits. Advice on Roth Conversions: Tips on converting traditional IRA funds to Roth IRAs to maximize future tax-free gains. Leveraging Other People’s IRAs: Strategies for using other people's retirement funds legally and ethically to finance real estate deals without traditional banking. Understanding IRS Rules on Investments: Insights into what the IRS allows and monitors concerning self-directed IRA investments. Resources: Email Podcast@RonLeGrand.com and use “IRA Slides” in the Subject Line to get the slide deck of Nate’s presentation. Sign up for a Free Mentor Panning Session: https://www.RonLeGrand.com/Plan Free Training: www.TheMentorPodcast.com/Terms Get Ron’s $599 Wholesaling course for FREE when you join his Gold Club for ONLY $59 a month! – www.TheMentorPodcast.com/GC165

What you'll learn about in this episode: In this episode of The Mentor Podcast, host Ron LeGrand is joined by Dedric and Krystal Polite, entrepreneurs recognized from their popular TV show on Hulu and A&E, "50/50 Flip." Discover the unique strategies they employ in real estate to foster financial stability and generational wealth, all while managing a family and contributing positively to their community. The couple share their journey from corporate America to becoming influential real estate investors and television personalities. Key Topics Covered: Transition from Corporate to Real Estate: Dedric and Krystal detail their shift from traditional 9-5 jobs to full-time real estate investing, highlighting the initial challenges and learning curves they faced. Reality TV Insights: Insights into the behind-the-scenes realities of filming a real estate-focused reality TV show, emphasizing the authenticity and daily business operations featured. Community Impact and Affordable Housing: The Polites discuss their commitment to providing affordable housing and their contributions to the community, reflecting their upbringing in similar environments. Diverse Investment Strategies: Exploration of various real estate strategies including wholesaling, buy-and-hold, flips, and creative financing, underscoring the importance of having multiple exit strategies in the business. Mentorship and Education: The significant role of mentorship and proper education in real estate success, as well as the couple's experiences with early mistakes and how they shaped their approach. Creative Financing and Seller Financing: They share insights on creative financing and seller financing, which have been pivotal in scaling their real estate ventures. Long-term Goals and Generational Wealth: Discussion on their long-term goals, including building generational wealth and impacting others by opening doors to real estate opportunities. Advice for New Investors: The Polites offer advice to new investors, stressing persistence, education, and the reality of real estate investment not being a 'get rich quick' scheme. Resources: Sign up for a Free Mentor Panning Session: https://www.RonLeGrand.com/Plan Free Training: www.TheMentorPodcast.com/Terms Get Ron’s $599 Wholesaling course for FREE when you join his Gold Club for ONLY $59 a month! – www.TheMentorPodcast.com/GC164

What you'll learn about in this episode: In this jaw-dropping episode of The Mentor Podcast, host Ron LeGrand sits down with cost segregation expert, Joe Viery, to uncover significant tax-saving strategies for real estate investors. Joe founded his company with the goal of providing quality cost segregation studies. As a Cost Segregation Professional, CSP, he has helped property owners defer or eliminate millions of dollars in income taxes by leveraging IRS compliant cost segregation studies. Since becoming a CSP in 2007, Joe has performed thousands of cost segregation studies for clients in various industries ranging from $500,000,000 commercial properties to $50,000 single family residences. Joe shares invaluable insights on how to leverage cost segregation for both residential and commercial properties, potentially saving thousands of dollars in taxes. If you're a real estate investor or planning to buy properties, this episode is a must-listen as Joe walks through the benefits of accelerated depreciation and energy tax credits. Key topics covered: Accelerated Depreciation: How cost segregation accelerates depreciation for real estate investors and the benefits of time value of money. Tax Deductions: The types of components in a building that can be accelerated for tax deductions, such as flooring, appliances, and landscaping. Cost Segregation for Residential Properties: The applicability of cost segregation not only for commercial properties but also for smaller residential properties. Tax Credit for Energy Efficiency: How energy-efficient upgrades in properties can qualify for significant tax credits through the 45L program. Depreciation Recapture: Understanding the implications of depreciation recapture and how cost segregation can mitigate it. 1031 Exchanges: The impact of cost segregation on properties involved in 1031 exchanges and how to maximize tax benefits. Bonus Depreciation: The phasing out of bonus depreciation and what it means for real estate investors. Tax Planning: The importance of consulting with tax professionals and financial planners to make informed decisions about cost segregation. Resources: For a Free Estimate, go to www.TheMentorPodcast.com/Costseg Sign up for a Free Mentor Panning Session: https://www.RonLeGrand.com/Plan Free Training: www.TheMentorPodcast.com/Terms Get Ron’s $599 Wholesaling course for FREE when you join his Gold Club for ONLY $59 a month! – www.TheMentorPodcast.com/GC163

What You'll Learn About in This Episode: In this informative episode of The Mentor Podcast, Ron LeGrand is joined by Jamie Holmes. Jamie brings over 12 years of experience in loan origination to the table, distinguishing himself as one of the top 1% of originators in the United States. Throughout his career, Jamie has successfully originated over $400 million in loan volume. Licensed in Florida, Georgia, Alabama, and Virginia, he has a broad reach and a deep understanding of diverse mortgage markets. Outside of his professional life, Jamie is a dedicated father of two and a proud cat dad, balancing his personal and professional commitments with passion and dedication. Join them for their discussion on the intricacies of various loan types, especially focusing on VA loans, FHA loans, and conventional loans, as well as providing valuable insights into the lending process, the impact of credit scores, and how to navigate the ever-changing landscape of loan requirements. Key Topics Covered: Understanding VA Loans: Jamie discusses the benefits and flexibility of VA loans, including no down payment and no strict DTI (Debt to Income) threshold. He also explains the VA entitlement and how veterans can maximize this benefit. FHA Loans Explained: The conversation covers the essentials of FHA loans, including their lower credit score requirements and the implications of the debt-to-income ratio. Jamie highlights the challenges and common issues faced by borrowers when applying for FHA loans. Conventional Loans: They delve into the details of conventional loans, including down payment requirements and the influence of a borrower's credit score on loan terms. Loan Application Process: Jamie outlines the standard documents required for a loan application and the importance of a thorough credit check. Credit Score Impact: The discussion emphasizes the critical role of credit scores in determining loan eligibility and terms, debunking common misconceptions about credit pulls. Real Estate Professionals' Tips: Ron and Jamie discuss strategies for real estate professionals to assist their clients better, including understanding the nuances of different loan types and preparing clients for the application process. Resources: Need help with a loan? Contact Jamie at www.TheMentorPodcast.com/JamieHolmes  Sign up for a Free Mentor Panning Session: https://www.RonLeGrand.com/Plan Free Training: www.TheMentorPodcast.com/Terms Get Ron’s $599 Wholesaling course for FREE when you join his Gold Club for ONLY $59 a month! – www.TheMentorPodcast.com/GC162

What you'll learn about in this episode: In this insightful episode of "The Mentor Podcast," host Ron LeGrand and Brandon Bateman, dive deep into the strategies and nuances of generating quality leads online, which is crucial for anyone in the real estate investment business looking to buy houses directly from sellers. They discuss the transition from traditional lead generation methods to online platforms and how these can significantly enhance the quality and quantity of leads. Brandon shares his expertise in managing successful campaigns tailored to the specific needs of real estate investors, ensuring that leads are not only abundant but also highly targeted and effective. Key Topics Covered: The Importance of Quality Leads: Understanding why having a steady influx of quality leads is essential for successful real estate investment and how it forms the backbone of the business. Transition from Traditional to Online Lead Generation: Brandon discusses the shift in lead generation from traditional methods like direct mail and cold calling to more modern and efficient online strategies, emphasizing the growing trend of sellers using online platforms to find buyers. In-depth Look at Online Marketing Strategies: Detailed explanation of search marketing and how it targets potential sellers who are actively seeking to sell their properties, making the leads generated much more likely to convert into sales. Custom Campaign Management: Brandon outlines how his company, Bateman Collective, creates customized marketing campaigns that align with the investor's brand and market, offering a more personalized approach compared to generic pay-per-lead services. Metrics and Optimization: They explore how data-driven strategies can optimize marketing campaigns, focusing not just on lead quantity but on lead quality and conversion to deals. Advice for New and Experienced Investors: Brandon and Ron discuss the best practices for both new and seasoned investors, emphasizing the importance of being prepared to handle leads effectively before investing heavily in lead generation. Resources: Schedule a call with one of Brandon’s team members at www.TheMentorPodcast.com/Brandon Sign up for a Free Mentor Panning Session: https://www.RonLeGrand.com/Plan Free Training: www.TheMentorPodcast.com/Terms Get Ron’s $599 Wholesaling course for FREE when you join his Gold Club for ONLY $59 a month! – www.TheMentorPodcast.com/GC161

What you'll learn about in this episode: In this exciting episode of The Mentor Podcast, Ron is joined by Mark Kole and Melissa Wolf to introduce an innovative global real estate marketplace, GPI Marketplace. This episode is a game-changer for real estate investors, offering a platform that enables buying, selling, and investing in properties worldwide with unparalleled ease and efficiency. From the intricacies of tokenization and blockchain in real estate to practical tools for investors at all levels, this episode is packed with information that promises to transform the way real estate investing is done. Key Topics Covered: Introduction to GPI Marketplace: A global platform for real estate investors, offering a comprehensive suite of tools for buying, selling, and investing in properties without traditional barriers. Tokenization and Blockchain in Real Estate: An in-depth discussion on how GPI Marketplace leverages blockchain technology to enable tokenization of properties, allowing for fractional ownership and investment opportunities. Navigating the Platform: Insights into how the marketplace operates, including creating a buy box for personalized property alerts, listing properties for sale, and accessing a network of motivated sellers and investor-friendly services. Digital Offer and Closing Processes: The process of making digital offers, interacting with sellers, and utilizing integrated title companies for streamlined closing processes, emphasizing the importance of direct communication. Investment Opportunities: How investors can passively invest in tokenized real estate projects, including pooled properties, with an explanation of the benefits and the process of tokenization. Support for New and Seasoned Investors: GPI Marketplace as a resource-rich platform for both new investors learning the ropes and seasoned professionals looking for efficiency and broader market access. Anticipated Impact on the Real Estate Industry: Reflections on how the GPI Marketplace is poised to change the real estate landscape by connecting investors globally, offering digital solutions, and introducing new investment methodologies like tokenization. Resources: Join the GPI Marketplace for FREE at www.GPIMarketplace.com Sign up for a Free Mentor Panning Session: https://www.RonLeGrand.com/Plan Free Training: www.TheMentorPodcast.com/Terms Get Ron’s $599 Wholesaling course for FREE when you join his Gold Club for ONLY $59 a month! – www.TheMentorPodcast.com/GC160

Episode 159: As an Army Officer with over 8 years of service, Brent Bowers was spending a great deal of time away from his family, and he knew he needed to make some changes in order to be more present with his wife and children. His interest in real estate began in 2007 when he purchased his first home and began exploring real estate investing as a way to support his family while being able to enjoy more time with them, as well.  In a short amount of time, Brent was able to expand his business, hire a team and, most importantly, spend quality time with his family while still working hard and helping others. While Brent invests in many different types of real estate, his most successful investment strategy is buying and selling vacant land, and he enjoys sharing his expertise in this area. Brent chooses to live his life based on Bob Burg’s quote, “Your influence is determined by how abundantly you place other people’s interests first.” He is passionate about helping other people find success in real estate investing, particularly in land investments. What you'll learn about in this episode: In this engaging episode of The Mentor Podcast, host Ron LeGrand invites special guest Brent Bowers, a remarkable entrepreneur thriving in the land investment niche. Together, they delve into the world of land flipping, offering listeners an insightful look into creating additional income streams through real estate, specifically focusing on the unique opportunities vacant land presents. Brent shares his journey from starting in real estate, facing setbacks, and eventually finding success in land investing, highlighting the strategic approaches and mindset shifts that led to his accomplishments. Key Topics Covered: Introduction to Land Flipping: Brent shares his journey from initial struggles in real estate to discovering and excelling in the niche of land flipping, emphasizing the simplicity and effectiveness of his investment strategy. The Appeal of Vacant Land: The discussion highlights the benefits of investing in vacant land, such as the lack of maintenance, the potential for seller financing, and the significant interest income generated from these investments. Strategies for Acquiring and Selling Land: Brent details his process for identifying undervalued land, acquiring it at a discount, and selling it at a profit. He emphasizes the importance of seller financing as a method to generate passive income. The Role of Direct Mail in Land Flipping: The episode covers the specifics of Brent's direct mail strategy, including sending postcards and offer letters to landowners who might be motivated to sell, and how this approach generates leads and deals. Scaling the Business and Delegation: Brent speaks on scaling his land flipping business, the importance of delegation, and utilizing systems like CRM tools to manage the process efficiently. Market Selection and Research: Insights into selecting the right markets for land flipping are shared, with Brent discussing how he uses tools like Redfin to analyze demand and set pricing strategies for different regions. Success Stories and Practical Tips: The episode features success stories from Brent’s land flipping ventures, providing listeners with practical tips and encouraging them to take action based on the valuable information shared. Resources: For more information and to get a copy of Brent's postcard, go to www.RonLeGrand.com/Land and someone will reach out to you shortly! Sign up for a Free Mentor Panning Session: https://www.RonLeGrand.com/Plan Free Training: www.TheMentorPodcast.com/Terms Get Ron’s $599 Wholesaling course for FREE when you join his Gold Club for ONLY $59 a month! – www.TheMentorPodcast.com/GC159

Episode 158:Stephen Hall is a dynamic and accomplished individual with a diverse range of expertise spanning the fields of taxation, technology, and entrepreneurship. As the CEO of Robert Hall & Associates, a leading regional tax accounting firm, he has been instrumental in growing the client base to over 2500 companies and 7000 families with their tax-related needs. With a specialization in serving landlords, business owners, and online businesses, Stephen and his team of experts provide invaluable guidance and support in navigating the complexities of taxation. What you'll learn about in this episode: In this insightful episode of The Mentor Podcast, host Ron LeGrand is joined by Stephen Hall, an enrolled agent specializing in real estate taxation. Together, they delve into critical tax considerations for real estate investors, aiming to shed light on common IRS pitfalls and strategies for tax savings. Whether you're transitioning from a job to entrepreneurship or you're a seasoned landlord, this episode is packed with valuable advice to keep you compliant and financially savvy. Key Topics Covered: Understanding IRS Penalties: Learn about the new penalties and compliance requirements for real estate investors, including the importance of issuing 1099 forms to vendors and the consequences of non-compliance. Quarterly Tax Payments: Discover the significance of making quarterly tax payments as an entrepreneur and the potential penalties for underpayment. Beneficial Ownership Reporting Program: Uncover the latest IRS requirement for reporting beneficial ownership of legal entities, its implications for LLCs, corporations, and trusts, and how to avoid hefty daily fines. Tax Deductions for Landlords: Explore commonly overlooked tax deductions for landlords, including home office expenses, insurance premiums, and property management costs. Depreciation and Real Estate Professional Status: Understand the rules surrounding depreciation and how qualifying as a real estate professional can impact your tax deductions. IRS Notices and Audits: Get expert advice on handling IRS notices and audits, emphasizing the importance of consulting with a tax professional rather than engaging directly with the IRS. Record-Keeping and Expense Tracking: Emphasize the critical role of diligent record-keeping and expense tracking in real estate investing to ensure accurate tax filings and maximize deductions. Future Tax Code Changes: Gain insights into potential future changes in the tax code affecting real estate investors, particularly in light of upcoming elections and shifts in IRS enforcement strategies. Stephen Hall offers a complimentary 30-minute program to review your tax situation, providing a proactive approach to managing your real estate taxes and avoiding pitfalls. Contact Information: For personalized tax advice and to learn more about Stephen Hall's services, visit Robert Hall Taxes or email them directly. Resources: Sign up for a Free Mentor Panning Session: https://www.RonLeGrand.com/Plan Free Training: www.TheMentorPodcast.com/Terms Get Ron’s $599 Wholesaling course for FREE when you join his Gold Club for ONLY $59 a month! – www.TheMentorPodcast.com/GC158  

What you'll learn about in this episode: In this informative session of The Mentor Podcast, Ron LeGrand continues his deep dive into the 32 fatal mistakes most real estate investors make, with a special focus on the selling process. Ron shares invaluable insights from his extensive experience to help you avoid common traps and boost your financial stability through real estate investing. Key Topics Covered:                                                                            The downside of renting houses versus the benefits of lease options, including securing large deposits and delegating repair responsibilities. Understanding tenant buyers' mindset and the advantage of collecting substantial upfront payments. Strategies for lease optioning properties in less desirable areas and maximizing your income potential. The importance of setting terms that deter tenant buyers from defaulting on payments. Ron's approach to selling properties without revealing the deposit or rent upfront, leveraging automation and systems for efficiency. The significance of not underpricing your property and how to justify higher selling prices to potential buyers. Using tax-advantaged entities such as Roth IRAs, Solo 401(k)s, and 1031 exchanges to enhance your real estate investments. The critical mistake of pushing tenant buyers to cash you out and why it's beneficial to maintain long-term control over your properties. Closing Thoughts: Ron wraps up this episode by encouraging listeners to apply the lessons learned to avoid the pitfalls that can hinder your real estate investment profits. Stay tuned for more expert guidance on achieving financial freedom through real estate. Connect with Ron: For more insights and strategies from Ron LeGrand, visit ConnectWithAMentor.com to learn how you can grow and protect your wealth through real estate investing. Resources: Sign up for a Free Mentor Panning Session: https://www.RonLeGrand.com/Plan Free Training: www.TheMentorPodcast.com/Terms Get Ron’s $599 Wholesaling course for FREE when you join his Gold Club for ONLY $59 a month! – www.TheMentorPodcast.com/GC157 Ron's Speacial Offer for his Cash Flow Systems courses plus Bonuses www.RonLeGrand.com/TermsSpecial  

What you’ll learn about in this episode:  In this enlightening episode of The Mentor Podcast, Ron LeGrand delves into the pivotal aspects of real estate investing, emphasizing the necessity of generating quality leads and mastering the closing call. He offers practical advice on avoiding common pitfalls such as wasteful marketing spending and the influence of dream stealers. By advocating for the use of proven scripts and strategic questioning, he guides investors towards making informed offers and understanding their exit strategies. He also highlights the significance of learning from mistakes and the inherent value of terms deals over cash transactions. Key Topics Covered: Key Ingredients to Success in Real Estate: The importance of generating quality leads and mastering the closing call to make deals happen. Avoiding Wasteful Marketing Spending: Learning the closing call before investing heavily in marketing to ensure leads are effectively converted into deals. Utilizing Scripts for Effective Communication: How following proven scripts can prevent talking yourself out of deals and improve negotiation skills. Importance of Asking Questions: Techniques for making offers by asking the right questions and letting sellers provide the terms. Avoiding Influence from Dream Stealers: Overcoming negativity from those who doubt your success in real estate investing. Learning from Mistakes: Acknowledging that mistakes are part of the learning process and how to minimize their impact. Knowing Your Exit Strategy Before Making Offers: Understanding how you'll exit a deal influences the quality of the offer you make. Generating Quality Leads Effectively: Strategies for lead generation without excessive spending, including door hanger campaigns and utilizing virtual assistants for online ads. Handling Offers and Negotiations: Utilizing scripts and questions to guide negotiations and secure favorable terms. Overcoming Common Mistakes in Buying: Insights into mistakes made when buying properties, such as overpaying and not knowing your exit strategy. The Value of Terms Deals: The benefits of terms deals over cash deals, including continuous income and the potential for future paydays. Preparing for the Next Session: Introduction to the upcoming session focused on mistakes made when selling houses and how to avoid them. Closing Thoughts: As we anticipate the next session on selling mistakes, this episode serves as a crucial guide for investors aiming to navigate the complexities of buying properties and securing profitable deals with confidence and expertise. Connect with Ron: For more insights and strategies from Ron LeGrand, visit ConnectWithAMentor.com to learn how you can grow and protect your wealth through real estate investing. Resources: Sign up for a Free Mentor Panning Session: https://www.RonLeGrand.com/Plan Free Training: www.TheMentorPodcast.com/Terms Get Ron’s $599 Wholesaling course for FREE when you join his Gold Club for ONLY $59 a month! – https://TheMentorPodcast.com/GC156

What you’ll learn about in this episode:  In this enlightening episode of The Mentor Podcast, Ron dives deep into the crucial mistakes and lessons learned in the realm of real estate investing. From making promises you can't keep to the importance of persistence, Ron shares invaluable insights garnered from his extensive experience to help you navigate the complex landscape of real estate with confidence and success. Key Topics Covered: ·         The Danger of Promises: Understand the importance of only making promises you can keep in real estate transactions. Ron emphasizes the risk of damaging relationships and credibility by failing to fulfill promises made to sellers or buyers. ·         Transparent Communication: Learn the significance of clear and honest communication. Telling it like it is cannot only save relationships but also make deals smoother and more reliable. ·         Terms Business Explained: Ron provides a detailed example of a successful terms deal, highlighting the benefits of buying and selling on terms, including no money down, no credit, and the potential for significant profit through appreciation and cash flow. ·         Persistence Pays Off: Ron discusses the common pitfall of giving up too soon. He encourages listeners to adopt the mindset of successful entrepreneurs who persevere through challenges and stay focused on their goals. ·         Dealing with Rejection and Failure: Discover strategies for handling setbacks and learning from them. Ron stresses the importance of developing resilience and the ability to solve problems quickly as key traits of successful real estate investors. ·         The Importance of Education and Implementation: Ron urges listeners to invest in their education and take action on what they've learned. He highlights the critical role of implementation in turning knowledge into tangible results. ·         Building Your Real Estate Portfolio: Ron shares his philosophy on building wealth through real estate, advocating for acquiring properties on terms and leveraging them for long-term gain rather than quick cash-outs. Closing Thoughts: Ron Le Grand wraps up the episode with a powerful message on the importance of determination, education, and action in achieving success in real estate investing. He invites listeners to connect with him for further guidance on attaining financial freedom and growing their wealth through strategic real estate investments. Connect with Ron: For more insights and strategies from Ron Le Grand, visit ConnectWithAMentor.com to learn how you can grow and protect your wealth through real estate investing. Resources: Sign up for a Free Mentor Panning Session: https://www.RonLeGrand.com/Plan Free Training: www.TheMentorPodcast.com/Terms Get Ron’s $599 Wholesaling course for FREE when you join his Gold Club for ONLY $59 a month! – https://TheMentorPodcast.com/GC155  

Part III – 32 Fatal Mistakes According to Ron LeGrand What you'll learn about in this episode: Understanding Your Business Numbers: The critical importance of knowing the cost per customer, lead generation expenses, and the value each customer brings to your business. Analyzing Lead Generation Costs and Returns: How to evaluate the effectiveness of lead sources and make informed decisions on where to allocate marketing funds. The Importance of Using a Real Estate Attorney: Why closing deals with an attorney is crucial for legal protection and representation, unlike title companies. Risk Management with Title Insurance: When to purchase title insurance and the financial logic behind it for cash deals versus terms deals. Preparing for Legal Challenges: The benefits of having a real estate attorney as a defensive strategy against potential lawsuits. Asset Protection and Estate Planning: The necessity of having a plan for asset protection, tax reduction, and structuring to safeguard your wealth from lawsuits. Entity Structuring for Asset Protection: An introduction to using multiple LLCs for protecting personal assets and the importance of not owning assets in your personal name. Learning Through Doing Deals: Encouragement to learn real estate investing by actively engaging in deals, with a reminder that training, and education are key. The Need for Multiple Attorneys: The different roles of closing attorneys, business attorneys, and estate planning attorneys in a real estate investor's team. Asset Protection Course Offer: An opportunity to learn comprehensive asset protection, entity structuring, and tax reduction strategies through a specialized course. Gold Club Membership Benefits: The advantages of becoming a Gold Club member, including access to resources, forms, agreements, and lead services. Resources: Sign up for a Free Mentor Panning Session: https://www.RonLeGrand.com/Plan Tree Training: www.TheMentorPodcast.com/Terms Get Ron’s $599 Wholesaling course for FREE when you join his Gold Club for ONLY $59 a month! – https://TheMentorPodcast.com/GC154

Episode 153: Part II – 32 Fatal Mistakes According to Ron LeGrand What You’ll Learn About in this Episode: The real cost of free education in real estate investing and why it's a myth. The importance of investing in quality education from experienced professionals in the field. The high price of learning through the "school of hard knocks" versus the value of structured, expert training. The critical role of delegation and systems in scaling your real estate business efficiently. How outsourcing tasks like lead generation and follow-ups to virtual assistants and services can optimize operations. The advantages of utilizing technology and automation for tasks such as CRM management and lead follow-up. Strategies for selling houses effectively with automation and the benefits of using realtors for the final sale process. The importance of effective time management and utilizing tools for task organization and reminders. Why focusing on revenue generation is more crucial than obsessing over cost control in real estate investing. Resources: Sign up for a Free Mentor Panning Session: https://www.RonLeGrand.com/Plan Free Training: www.TheMentorPodcast.com/Terms Get Ron’s $599 Wholesaling course for FREE when you join his Gold Club for ONLY $59 a month! – https://TheMentorPodcast.com/GC153                                                                                                                                                                                                          

Episode 152: What You’ll Learn About in this Episode: Ron shares his observations on common mistakes in real estate investing, drawing from over 42 years of experience and over 3000 deals. He emphasizes that real estate investing does not require personal funds. Examples of wholesale deals are provided to illustrate making money with no risk. You’ll hear various aspects of real estate investing, including operations as well as buying and selling mistakes. Ron discusses the difference between cash deals and terms deals in real estate, highlighting the benefits of each. He shares insights on wholesaling houses, including how to find sellers, get contracts, and flip contracts for profit. The importance of not using personal credit in real estate deals is emphasized, with Ron advocating for non-recourse debt. Strategies for dealing with owner financing, lease purchasing, and subject-to deals are explained. Ron explains the benefits of working with private lenders and avoiding conventional bank loans. The podcast covers the risks of refinancing and the advantages of non-recourse debt. Ron advises against guaranteeing debt and stresses the importance of proper training and management in real estate. Resources: Sign up for a Free Mentor Planning Session: https://www.RonLeGrand.com/Plan Free Training: www.TheMentorPodcast.com/Terms Get Ron’s $599 Wholesaling course for FREE when you join his Gold Club for ONLY $59 a month! – https://TheMentorPodcast.com/GC152

Episode 151: What you’ll learn about in this episode: Valuable insights into the rapidly evolving world of AI, particularly in real estate and marketing, highlighting both its current applications and future potential. Evolution of AI in Marketing and Real Estate: AI's role in replacing traditional methods with automation and efficiency. Cost-effectiveness of AI tools in comparison to traditional methods. AI's Transformational Impact: AI's ability to conduct real conversations through chatbots and other mediums. AI's role in scaling business operations rapidly and efficiently. Future Prospects of AI: Predictions about the advancement of AI (AGI) and its potential impact. Discussion on the precautions and ethical considerations of AI's power. Real-Life Applications of AI: AI's use in marketing, lead generation, and customer interaction. Examples of AI automating tasks like trip planning and content creation. AI and Real Estate Specifics: The role of AI in generating leads and optimizing marketing efforts. AI's ability to conduct numerous, tailored conversations simultaneously. AI's Accessibility and User-Friendliness: Emphasis on the ease of using AI even for those with limited technical knowledge. Discussion on the future of AI in business and its necessity for staying competitive. Resources: REGISTER NOW for Ron’s 3-day virtual “AI for Real Estate Boot Camp,” January 24-26th, 2024 at TheMentorPodcast.com/AI or call 800-567-6128

Episode 150: Bob Leonetti has helped more regular people just like you to make money with real estate paper and low money down note and paper strategies than almost anyone else in the United States. With more than 18 years teaching/coaching experience, thousands of satisfied students, 8 books and countless educational seminars, video, audio and other real estate finance products to his credit, no one knows ins and outs of the note and paper business like Bob does. He’s a former Mortgage Banker and currently president of Austin-based SMI Funding, a spinoff from the company he founded in 1992 and took public in 2000: Success Financial Services Group. Bob has presented on almost every major real estate stage in the industry, including Ron LeGrand, Chris McLaughlin & Nathan Jurewicz, Scott Meyers, Richard Roop and Ben Pargman, to name just a few. Bob is involved in numerous private money raising deals and through notes, regularly assists private lenders in obtaining returns far in excess of what they could earn in traditional bank type investments. Regularly buying paper all over the country, Bob’s creation of Paper Power is the culmination of 18 years in the paper buying industry. Bob’s community involvement includes ongoing support of the Toys for Tots program of the United States Marine Corps, which provides Christmas gifts to children. He currently pursues his passion for travel by “getting away” whenever he can, and his music passion by performing with various choral groups, the most recent of which is the Austin Symphonic Choir. He currently refers to himself as a “recovering” mortgage banker, and spends his time pursuing his passions of real estate investing, writing, teaching, and of course, cooking and winemaking. What you’ll learn about in this episode: What it means to be in the note business How you can utilize notes to receive payments for cash How to sell a house with owner financing, sell a note, and cash out What the difference is between loan to value and investment to value Bob’s deep dive into the process and how to create liens to keep a steady cash flow Resources: Sign up for a Free Mentor Panning Session: https://www.ronlegrand.com/mentoring-application/?cid=TMP Free Training: www.Thementorpodcast.com/terms Get Ron’s $599 Wholesaling course for FREE when you join his Gold Club for ONLY $59 a month! – https://thementorpodcast.com/GC150 Additional Resources: www.thementorpodcast.com/paper www.nationalnotefunding.com Bob’s personal number: 512-970-7620

Episode 149: Jerry is a native of Ohio and currently lives in Germantown Ohio, with his wife of 20 years and their 4 children. Jerry started in the REI Business in 1994 after going through a bankruptcy in Springfield Ohio. He began by wholesaling properties, and then merged into Fix and Flips. Since that time he has been involved with doing over 3,000 deals including fix and flips of single and multifamily rentals, and commercial properties. He soon realized there was a big difference from just being in REI and actually running a real business. So after multiple failures, millions of dollars in mistakes, and through personal tragedy, he was able to build a true, scalable, REI Business.  Now he works as the CEO of his REI Business, but is operationally removed from the business as whole. He does a high volume of wholesale deals, which are all done virtually. Jerry now spends his time helping others learn the REI Business. He teaches them how to build and scale their businesses and shows them how to master their Acquisition skills with trainings and the REI Sales Academy. He offers in person and live events year round. What you’ll learn about in this episode: When and why you should hire someone to take care of acquisitions How to hire and pay an acquisitionist Why you shouldn’t wait to grow and build your business What an acquisitionist can do to help you close deals What your onboarding and training should look like How to make sure you’re getting enough leads for your acquisitionist Resources: Sign up for a Free Mentor Panning Session: https://www.ronlegrand.com/mentoring-application/?cid=TMP Free Training: www.Thementorpodcast.com/terms Ron's Terms Webinar Training: www.RonLeGrand.com/Terms Get Ron’s $599 Wholesaling course for FREE when you join his Gold Club for ONLY $59 a month! – https://thementorpodcast.com/GC149 Get a free trial of Sales Insiders: www.thementorpodcast.com/green

Episode 148: Tony Javier is the owner of an INC 5000-rated real estate company. He has been investing in real estate since 2001 and has done over 1,000 flips, most of which he had never been inside. Since Tony has automated his real estate investing business, he now focuses on running TV commercials for real estate investors and other industries all over the country with his 10X TV program. What you’ll learn about in this episode: What the average return on investment is for commercials How Tony’s team optimizes your marketing spend through things such as placements and crafted scripts Why broadcast TV is the perfect place to find your ideal audience How various marketing efforts can work together to keep you top of mind Why TV commercials give you credibility with sellers Resources: Sign up for a Free Mentor Panning Session: https://www.ronlegrand.com/mentoring-application/?cid=TMP Free Training: www.Thementorpodcast.com/terms Get Ron’s $599 Wholesaling course for FREE when you join his Gold Club for ONLY $59 a month! – https://thementorpodcast.com/GC148 Get scripts to convert incoming leads: https://www.ronsgoldclub.com/ Connect with Tony’s team to start advertising on TV: www.thementorpodcast.com/10xtv

Episode 147: David Randolph is the Founder of Short Sale Prophets TM and The David Randolph TM . David rehabs about 5-10 houses a year, all his renovated houses listed on the MLS $265K and less have sold in 7 days or less at List price or Higher, for 13 years. David makes $50K – $150K PROFIT per house on $250K houses because he negotiates Short Sales with the bank. These are not houses on the MLS but rather with the homeowner and the bank. Because of Short Sales he has made so much money in real estate that he has over $3 million in his retirement accounts that he lends out across the country to other rehabbers. He will lend the rehabber ALL the money to buy the house, All the money to fix the house up, All the money for the points on the loan, and All the money for the monthly interest payments. David also teaches other investors how to get out of their regular JOB and negotiate Short Sales. What you’ll learn about in this episode: What the in-depth process of short sales looks like (see part 1 for a general overview) How the various types of loans determine the criteria needed to conduct a short sale What the process looks like for a short sale on an FHA loan, and why it differs from others How pausing the foreclosure and giving yourself time to dispute will result in a lower cost Why it does not matter what the homeowner owes on the house What percentages of BPO you can expect to pay for FHA, Conventional, and Fannie Mae loans Resources: Sign up for a Free Mentor Panning Session: https://www.ronlegrand.com/mentoring-application/?cid=TMP Free Training: www.Thementorpodcast.com/terms Get Ron’s $599 Wholesaling course for FREE when you join his Gold Club for ONLY $59 a month! – https://thementorpodcast.com/GC146 Learn more about short sales: www.thementorpodcast.com/randolph

Episode 146: David Randolph is the Founder of Short Sale Prophets TM and The David Randolph TM . David rehabs about 5-10 houses a year, all his renovated houses listed on the MLS $265K and less have sold in 7 days or less at List price or Higher, for 13 years. David makes $50K – $150K PROFIT per house on $250K houses because he negotiates Short Sales with the bank. These are not houses on the MLS but rather with the homeowner and the bank. Because of Short Sales he has made so much money in real estate that he has over $3 million in his retirement accounts that he lends out across the country to other rehabbers. He will lend the rehabber ALL the money to buy the house, All the money to fix the house up, All the money for the points on the loan, and All the money for the monthly interest payments. David also teaches other investors how to get out of their regular JOB and negotiate Short Sales. What you’ll learn about in this episode: The definition of a short sale and what the process looks like How David uses short sales as a real estate investment strategy Why banks would prefer to reduce loans over foreclosures How David identifies his prospects for short sales Why short sales are a good strategy if you don’t want to deal in high volumes every month Resources: Sign up for a Free Mentor Panning Session: https://www.ronlegrand.com/mentoring-application/?cid=TMP Free Training: www.Thementorpodcast.com/terms Get Ron’s $599 Wholesaling course for FREE when you join his Gold Club for ONLY $59 a month! – https://thementorpodcast.com/GC146 Learn more about short sales: www.thementorpodcast.com/randolph