Deal Junkies - A Real Estate Podcast

Episode 30: Spiritual Principles of Real Estate

In this enlightening episode of Deal Junkies, we delve into the often-overlooked spiritual principles that can transform your approach to real estate. The list is long and there are likely many that have not made it onto the list but this is what we have so far:
 
You have to relax around money or you’ll never have any.
A good deal gets better and better. A bad deal gets worse and worse.
It’s not enough to have a positive mindset. You also have to keep your energy high.
Don’t let spreadsheets and inspection reports talk you out of doing deals.
Real estate is a marathon. You have to inch it along day by day. Play the long game.
By some divine force, everything suspiciously works out in the end.
You have to grow out of your problems.
???
 
The next episode will be dedicated entirely to the 8th principle, you’ll just have to wait to hear.
 
After listening to this episode, share one of your spiritual principles of real estate and tag the Deal Junkies!

Episode 29: Mike’s (a) Big Deal

In today’s episode of Deal Junkies the Junkies talk about Deals, as they should. Today they focus on the deal Mike is doing right now, he is a reformed house flipper turned into a 10-story office tower flipper. The discussion revolves around how he made the transition and what key partners he had to bring in to do so. Listen in to hear how you can make a transition into the next step of your real estate journey by utilizing the right partners.

Episode 28: Partnerships

In todays’ episode the Junkies talk about partnerships. It’s the most commonly asked question in real estate, should you have them? The answer isn’t so straightforward. The Junkies talk about what the benefits of partnerships are but also their potential pitfalls and how to avoid them.

Episode 27: Movie Review: “Finding the Money”

This episode will change how you think of money. It's a movie review but also a deep dive into Modern Monetary Theory or MMT. This has been a hot button topic over the past few years as this “theory” has continued to gain notoriety. If you agree with the ideas discussed in this episode you will no longer be afraid of the US Debt but instead want the number to continue to grow. Listen in to find out why.
 
AJ Osborne - www.selfstorageincome.com

Episode 26: Market Update and Econ Talk

In this episode of Deal Junkies the Junkies dive into what rates are doing, yield curves, the job market and how the market is really doing right now. They discuss how this is changing the deals that they’re currently doing and how they’re doing them. It doesn’t stop the deals, it just forces you to pivot. You’ll hear about current negotiation tactics that the Junkies are using for their deals too as the market continues to shift. Listen in to hear about deals, opportunities and the state of the market.

Episode 25 - Interview with Michael Hamilton

In today's episode of Deal Junkies the Junkies interview Michael Hamilton the founder of Seneca Development Company. You’ll learn how he went from very humble beginnings to having a pipeline of 850 apartment units in various stages of development. After starting college he quickly learned that school wasn’t for him, he knew that there was knowledge and skills he could learn through grit that university wasn’t going to teach him. We’ll talk about how a stint of networking in LA and an introduction to Snoop Dogg’s son lead him to building custom homes in Newport Beach which turned into new construction apartment developments in downtown Portland. We then jump into how he built a team and created value for investors and partners in order to own real estate. Listen in to hear his story and learn about all the lessons he learned along the way.

Episode 24: House Hacking Stories

In the second part of the Deal Junkies New Investor episode the Junkies give a breakdown of a few real deals that Trevor did to start building his portfolio. Many of us might already know what househacking is but knowing what it is and executing on it are two different things. They talk through the things done right and the things done wrong in those first few deals. Everyone always says the first deal is the hardest one to do, listen in to this episode and get one step closer to moving past that.

Episode 23: Creating Value as a New Investor

In today’s episode of Deal Junkies Trevor, Dane and Mike talk about how to create value as a new investor. To be an Operator in real estate you have to have time, skills and money but to get started all you need to have is one of those three things. The Junkies talk through the different strategies that are most commonly used to get started investing in real estate. From a house hack to a highly levered seller carry contract they break down the best starting strategies.

Episode 22: Paul’s Development Deal

In Part 2 of our conversation with Paul Kerley we discuss one of his hardest lessons learned. The deal was a development project that needed some money to build his modular homes. If you’re noticing a trend with development projects with partners that you don’t know very well then you may be onto something. It's a common mistake that many real estate investors have made and continue to make. The reason being that development is one of the most lucrative ways to make money in real estate but it’s also one of the riskiest. If you’re thinking about getting into a project make sure you ask someone who you trust, knows real estate and isn’t a part of the project if you should really do it. The Junkies discuss these pitfalls and more in this episode of Deal Junkies!

Episode 21: An Interview with Paul Kerley

On today’s episode of Deal Junkies the Junkies interview the original Junkie himself: Paul Kerley. Paul became Gabe’s client as a broker over a decade ago, Gabe quickly began selling Paul anything he could negotiate terms on. After a while Paul convinced Gabe that he needed to be in the deal, not just facilitating the transactions. That was when Paul became Gabe’s mentor and one of his best friends. Paul breaks down how he got into real estate but more importantly why he got into it. He owns hundreds of millions in real estate but he’s not driven by money, he’s driven by overarching and fundamental principles of life that lead him here. Listen in to find out about a few of them.