Ever feel like you’re getting too caught up in this business sometimes? The market is always changing. There’s so much information coming at us all the time. We can barely keep up! We think we have to learn it all, do it all, when really all it takes is that one first step. Get your head on straight and follow your gut. Deciding on a path and seizing it is a surefire way to get yourself better organized! This is your business and it’s motivated by you and your faith in doing exactly what you need to do.
My guest today is Joe McCall. He’s going to break down his strategy for wholesale leasing options deals, but he’s also going to discuss how to balance your time, your tenants, and your business. Joe does his research and finds the perfect neighborhoods for his investments. He calculates his most comfortable income and only creates deals that fit within that spectrum. His strategy also avoids the two major pitfalls real estate investors succumb to. Failing to pre-screen tenants is a major part of today’s podcast, and Joe talks about his screening strategy to help protect you and your investments from unrewarding tenants.
Tune in now, and if you really enjoy today’s episode, give me a shout out and leave me a review. Now, here’s Joe McCall!
MINUTE MARKERS
6:25 - Meet Joe McCall
8:07 - Joe breaks down his real estate expertise
10:28 - What was Joe’s breaking point?
15:00 - Understand the focus behind Joe’s real estate investment strategies
17:23 - How does Joe know when to walk away from leasing deals?
20:45 - Here’s how Joe screens his tenants
21:50 - The two biggest challenges Joe faces with lease options
24:30 - Why would you need a licensed realtor?
27:37 - You need to start pre-screening your tenants!
29:40 - What’s the best lesson Joe ever learned?
31:40 - Joe drops some advice for the newbies
32:12- Joe’s favorite quote is a powerful one from Jim Elliot
32:57 - Have you read Pumpkin Plan?
33:33 - Joe’s favorite mobile apps
34:02 - How does Joe get 7 hours of sleep?
35:04 - Joe breaks down his morning routine
35:41 - What is Joe most grateful for?
36:53 - When did Joe hire a mentor?
38:22 - Joe is inspired by this business!
39:39 - Check out Joe’s podcast: Real Estate Investing Mastery
QUOTES/Tweets
It’s always important to sharpen your brain, sharpen your skills. - Joe
It’s okay if I make a mistake, I’m going to do this anyway and I’m going to figure it out. - Joe
Links and Resources:
Joe’s Website: Real Estate Investing Mastery
Interested in wholesale lease options? Check out Joe’s Wholesaling Lease Options
Secrets of a Millionaire Landlord by Robert Shemin
Pumpkin Plan by Mike Michalowicz
Profit First by Mike Michalowicz
Ask Cory A Question
Please check out our website, realestateinvestingprofits.com for the “Down and Dirty” Ultimate Real Estate Investing Quick Start Guide download.
And don’t forget to get involved with the REIP coaching program at realestateinvestingprofits.com/coachingapplication or click on the “Coaching” tab on our website!
