This episode contains strong language.
I’ve got another fantastic interview lined up for you all today! The Joint Ops duo – Jimmy Vreeland and Bob Scott – are joining me on the Profit Masters Podcast. Joint Ops is their real estate brain child, and their experiences in the military not only inspired their company name, it also inspired their incredible work ethic. It may have also inspired their vulgar jokes, so be warned that there is some foul language in today’s episode around the 36 minute mark.
These two dudes specialize in buying older, single-family homes with a lease option exit strategy, and they are slinging lease options all across St. Louis. We talk about what inspired them to start these leasing options instead of the traditional flip-and-sell model. There were a lot of “a-ha” moments that brought them to this point in their business, and I know a lot of you are familiar with that feeling. You know when everything seems to fall into place but you don’t know how or where it’s going? That’s how these two thrive. Their whole mentality is about starting something just to see where it goes. Because it doesn’t matter if you get it right, as long as you get it going!
In terms of getting it going, pay close attention to Jim and Bob’s investment strategy that we talk about today. Their use of social media marketing and private lenders is definitely going to change the way you think about things. They are a pair of inspiring guys and I am very excited to have them on the podcast!
MINUTE MARKERS
4:55 - Meet Jim and Bob from Joint Ops!
5:50 - What is Jim and Bob’s area of expertise?
6:24 - Where did “Joint Ops” come from?
7:38 - Kiyosaki is another big influence for this duo
8:20 - The big breaking points for Jim and Bob
9:30 - What is Bob’s business background?
10:40 - How did Jim and Bob meet?
13:17 - What inspired these two to pursue lease options?
16:08 - How they faced their biggest challenge
17:05 - How to get private lenders
19:08 - Jim and Bob’s EPIC Profit Master Strategy with social media marketing
20:44 - Which marketing apps are they using?
21:45 - Step by step using Livecom.com
26:38 - Bookkeeping still slips Jim and Bob up
28:40 - The perks of hiring a professional bookkeeper
30:10 - The greatest lesson Jim and Bob ever learned
30:23 - Jim and Bob drop some advice for the newcomers
32:40 - A helpful formula for commercial lease options
35:10 - Jim and Bob’s favorite quotes
36:00 - Warning! One of their favorite quotes is a vulgar one!
37:48 - The reality of running a business
38:07 - Ready, Fire, Aim!
40:02 - The books that changed Jim and Bob’s business lives
41:17 - Jim and Bob’s favorite apps
46:27 - How do they get more than 8 hours of sleep at night?
47:29 - Consider adding cold water exposure to your morning routine!
50:23 - Why does Bob do this thing?
53:30 - Hire a mentor on Day One!
54:30 - Cory recommends some good stuff
56:50 - What are these guys most grateful for?
59:17 - How do they do what they do?
1:01:51 - Check their YouTube channel and get in touch with these guys!
QUOTES
We built our entire business and portfolio around maximizing cash flow. - Bob
Just be comfortable with being uncomfortable.- Jim
Links and Resources
Jim & Bob on YouTube
Rich Dad Poor Dad & Cashflow Quadrant by Robert Kiyosaki
Ready, Fire, Aim by Michael Masterson
Antifragile & The Black Swan by Nassim Taleb
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