BCF 305: Building Wealth, One House at a Time with John Schaub

BCF 305: Building Wealth, One House at a Time with John Schaub

BCF 305: Building Wealth, One House at a Time

with John Schaub

When it comes to building cash flow and wealth, real estate is the best way – although I may be a little biased. We often talk about massive multifamily deals and complex deal structures, but a lot of people out there are looking for something more accessible.

John Schaub knows single-family extremely well. He’s an investor, coach, and author with over five decades of experience and knowledge. The fundamentals behind what makes things work haven’t changed much since he first got started and has prospered through seven different recession periods throughout his lifetime. John’s best-selling book, “Building Wealth One House at a Time”, has helped over 100,000 people find success in real estate.

As someone who’s owned both multifamily and single-family assets, there is definitely a difference in the tenants. People who rent in single-family homes tend to nest there and really make it their own, which translates into them staying tenants for longer than apartment renters. Using creative financing deals can provide a great deal for your buyer and make you good money. Every house you buy is a seminar and you’ll learn valuable lessons from applying what you learn and taking risks.

A house is the simplest, safest thing you’ll buy, even in today’s market where buying can be really competitive. John looks for situations where there is no competition and buys without any assistance from banks. Looking for lenders and sellers who don’t want to wait can be huge opportunities.

What’s Inside:

  • How John’s experience led him to massive success in single-family real estate.
  • Why focusing on one real estate market can be more lucrative than trying to manage several.
  • How John does deals without lending from banks and separates himself from the competition.
  • Why having long term tenants in single-family homes can help you weather a recession.

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BCF 303: Consistency, Commitment, and Courage with Dave Seymour

BCF 303: Consistency, Commitment, and Courage with Dave Seymour

BCF 303: Consistency, Commitment, and Courage

with Dave Seymour

Like so many others, I got into real estate because I didn’t want to trade my time for money. I wanted to live life on my own terms and invest to make that lifestyle a reality. Dave Seymour, founder of asset management firm Freedom Venture, shares that same mindset. Before he started his real estate journey, he was a firefighter by day with two other jobs in the side, trading about 120 hours per week for someone else’s money. As an immigrant to Boston from England, Dave’s working-class father instilled in him that he should spend his life working hard for his money, but never taught him about true financial freedom.

Dave eventually hit a bottom that included facing foreclosure and losing relationships with people he loved. After praying for answers, he decided to get into real estate after hearing a commercial on the radio about a seminar. He got started with single family deals and moved on to multifamily. He’s now done over $300mil in transactions and advises and mentors real estate entrepreneurs on the mindset needed to make their dreams come true.

People are quick to say that entrepreneurship is risky but having someone else in control of your financial freedom and future is arguably the bigger risk. In today’s world, questioning things is frowned upon, but being a successful entrepreneur is all about discovery and asking those tough questions. It’s also about making sure you know why you’re on the entrepreneurial path. Dave’s journey into real estate was driven by pain and loss in his life and a strong desire to turn it around.

There’s a cancer in settling for less and not seeking accountability. Many people give up entrepreneurship because they can’t handle the discomfort of being rejected. A yes or a no is more valuable than a maybe, and every no gets you closer to your goals. Surrounding yourself with the right team is essential when scaling your business, and it’s important to find great people who are the best at doing the necessary things you aren’t skilled in. People also make a huge mistake when investing in education, thinking that a degree alone is what’s going to put them in a winning position. Education is nothing without implementation, so don’t be afraid to put in the work and learn lessons along the way.

What’s Inside:

  • Why asking questions is the key to creating change.
  • What makes some entrepreneurs give up and why others stick with it.
  • How to scale a business by building the right team.

Mentioned In This Episode:

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