Real Estate Investing Gurus: The Best Tips I’ve Learned
Everyone learns from someone, and when it comes to real estate investing, I have definitely spent a considerable amount of time and money studying “at the feet of the master.” I’d like to share the top tips from the top real estate investing gurus that I’ve learned the most from over the years.
- Ron LeGrand © – Anyone who needs to register their name is probably worth a listen! LeGrand is definitely the big name in our business. Although people have been into real estate investing long before Ron Legrand, I don’t think anyone has taught it to the masses like Legrand has. Legrand made famous the MAO (Maximum Allowable Bid) formula that everyone has used for years. What I took most from Legrand was the MAO formula and the mechanics of the quick change business. Ron Legrand’s famous quote “the less I do, the more I earn” was also my first inspiration to systematize our real estate investing business.
- Robin Thompson – Once I learned the mechanics of flipping, I decided I wanted to focus on flipping rehabilitation. I invested in Robyn’s courses and attended her rehabilitation and marketing camps for real estate investments. Robyn is one of the best real estate investing gurus for giving great value at all levels of introduction (from free to high value bootcamp). I learned TONS from Robyn about the rehab turnaround process, but the number one takeaway I got from Robyn was how quickly you could really turn rehabs around if you put more resources into them.
david lindahl – I met Dave through Robyn’s events, attended her bootcamps and invested in her courses. Dave teaches how to look for “chunks” of cash, but no one knows the markets or the departments better than Dave. The most valuable thing for me about Dave was his home study course ‘Management for Maximum Profits’. An investor with no experience or training in property management is like a lamb to the lions. I started off on the right foot and have successfully managed properties for years.
- louis brown – Lou Brown is the undisputed king of forms of real estate investment. I have used Lou’s forms for investing in real estate since the beginning and have always appreciated having an amazing library whenever I need a new document. Lou’s forms, therefore, are my #1 lesson from Lou, and I still use a lot of them today for flipping.
- kris kirschner – Kris’ Auto-Pilot Real Estate Systems(TM) for buying and selling real estate set the standard when we were growing our resale business. Kris is a systems expert, and his real estate systems are used across the country to really automate a lot of our business. What I took away from Kris was his approach to the “self serve” display. Putting a safe in the house, giving people the code to look at, and then offering a self service kiosk in the kitchen with brochures and applications was sheer genius, and I can’t imagine we would ever show properties in the “old time”. ” Flip real estate is definitely the best self-service.
- they give gold – Dan is truly the master of the real estate investment sales process, though that barely scratches the surface of what I’ve learned from him. Dan’s “Sales Mastery” course has had a greater impact on our real estate business than any other system we have implemented. If I have to choose only one great lesson learned it is this… “If there is equity, WOW!” Dan was the first to coin this sales strategy, which was contrary to what EVERYONE else was teaching about flipping (everyone said look for motivation and bypass unmotivated salespeople). Dan is also a master of the inside game, business building, and pre-foreclosure niche.
- richard roop – Richard is Dan’s partner, and together they teach real estate marketing, systems and have a fantastic training program, which I’ve been on for years. Richard is an excellent copywriter, and his tagline “Sell your house as is, for a fair price, on the date you choose” is probably the most copied real estate headline in our business. Pressed for the main lesson, he would have to say that it is the importance of marketing in our reselling business. The first time I implemented one of Richard’s messages in a long-running campaign, I was literally overwhelmed by phone calls from people who had received my messages before, but never responded.