UNIN 27 | Real Estate Investment

MAKE YOUR MONEY WORK FOR YOU: THE POWER OF COMPOUNDING

Charlie Calise of Calise Partners and Imaginuity has decades of experience in data, analytics, and advertising and he’s on Uncontested Investing to talk about real estate investing, marketing and advertising, the economy, and so much more. Listen now to learn more about Charlie, his journey in business, and what he has learned through his years as a marketing and advertising expert and real estate investor! Quotables “What we’re in is a marathon and not a sprint, so take a long view. I’m making investment decisions today for great grandchildren 50 years from now that I’ll never know.” “Don’t stop at the headline, read the copy. Right now, what you’re dealing with is “the market is crashing” and so forth – the market’s not crashing, it’s correcting, but if you stop at the headline, you’ll be riddled with fear.” “If you think you’re going to keep one house this year, keep two. If you think you’re going to keep one this month, keep two. If you think you’re going to keep five this quarter, keep six.” “Here’s the thing that I learned – when you talk about 10x-ing, that first 10x is the hardest.” “I’ve watched small entrepreneurs wash out day after day because they didn’t have a solid business plan that’s going to make them money.” “Being an entrepreneur is not for the faint of heart. Work hard, it’ll get you through every short fall that you’ve got.”

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UNIN 20 Gonzalo | Wholesale Real Estate

Finding Experience And Success In Wholesale Real Estate With Gonzalo Corzo

  Experience is the best education you’ll ever have. Gonzalo Corzo is well familiar with this. Instead of taking the college route, he started his real estate career by working for a wholesale realtor brokerage for free for a year and a half. Soon after, Gonzalo equipped himself with the knowledge that came from that experience to grow and become a successful real estate investor. He is now the President of Cash Geeks and Host of The Cash Geeks Network Podcast, where he is not only investing but also helping others find success in the industry. Gonzalo joins Tim Herriage in this episode to take us deep into his journey, his thoughts on the ESBI Quadrant, and his advice to investors out there looking to succeed. He then discusses more wholesaling, selling to hedge funds, and transitioning to flips. — Watch the episode here   Listen to the podcast here   Finding Experience And Success In Wholesale Real Estate With Gonzalo Corzo In this episode, I’m with an all-time rockstar, Gonzalo Corzo. Gonzalo, thanks for being here. Thanks for having me. I’m super excited. I’m glad you’re here. I’d like to start with tell everybody a little bit about yourself. I’m based out of Jacksonville, Florida. I own a wholesaling company called Cash Geeks. We do about 300 to 350 wholesale deals a year and our goal is to keep going nationwide. There are a lot of young people out there reading and thinking, “These old real estate guys.” You are still young and one of the most successful. You’re in the top 5% of investors in the nation. We’re going to get to that. I’ll start every segment with the Bottom Line Up Front. Think of it like the CliffsNotes version of the show. We want to give people in two minutes the top things that you’re looking at, thinking about, pursuing and maybe avoiding. Mainly, I want to focus on thinking big and treating your side hustle like a business. That’s the biggest thing that’s impacted me. One of the biggest things that make my business different from every wholesaler out there is we’ve taken the professionalism and the Corporate America approach to wholesaling and it’s blown us up. That’s the mindset that has made us who we are. It’s the main thing I want to focus on. I’ll have to dive right into this. You want to treat the business as a more corporate professional business. You’re not necessarily an old person. Where did you learn this? Honestly, it’s my business partner who is older than I am. When we connected, he had already a successful business that had a bunch of employees and systems processes. When I got into wholesaling, I got into it through FortuneBuilders. As they were teaching me wholesaling, I learned about the E Myth. I learned both at the same time. I’m a big fan of Robert Kiyosaki’s CASHFLOW Quadrant, where he exposes the difference between being self-employed and owning a true business. I knew because of my age, I had the time to build a true business and not just focus on something that’s self-employed, making a lot of active income. When I connected with my business partner, it meshed perfectly. That’s why we also work super well together because we have that clear vision of how we wanted to treat our business from the very beginning. In three minutes, you’ve mentioned two of my favorite books of all time. You’ve also mentioned FortuneBuilders, who’s one of the largest and probably most successful independent education companies for real estate investors. With the exposure to FortuneBuilders in a TV commercial or a radio commercial, is that how you learned about real estate or learn more? No, that’s how I learn more. Shout-out to my older brother. He’s a realtor and real estate investor. When I was eighteen, my older brother got into real estate. He had been trying to get me into real estate and shove Rich Dad Poor Dad down my throat. I was like, “No, I’m going to be a cop.” I was going to community college for my degree in Criminology. He took me to a personal development event where it was put on by a bunch of successful real estate investors. I got to hear David Green talk from BiggerPockets several years ago before he was anything big. He was a cop that was in real estate. I was like, “I’m going to be a cop and my older brother’s going to tell me about real estate.” We were talking about having a different voice in the locker room and a different show that you had. I was like, “My brother’s right. I need to get into real estate.” From that personal development event, driving home from the airport, I was listening to the radio and I heard a Than Merrill’s FortuneBuilders ad. It was like, “We’re coming into your town. We’re looking for some people that can help us buy houses with no money.” I was like, “This is what that event was telling me about. I need to be there. Say yes and figured it out later.” Two weeks later, I dropped out and started my real estate career. “We’re going to be in Dallas on,” it’s the old recorded same commercial insert city name but it’s led to a lot of success and successful people. I don’t knock any education, honestly, unless it teaches people to do things that are unethical or illegal. Let’s go back to the ESBI quadrant. A lot of people misunderstand that quadrant. In my opinion, they think they have to move from the E to the B to the I. I’m not sure a lot of people understand that you can occupy all four quadrants at the same time. I would like to know your thoughts and view on that. The biggest thing is understanding active and passive income. For me, when you break that down, you’re always going to have active and passive income.

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UNIN 14 | Investment Insurance

Investment Insurance: Do’s and Don’ts For Your Real Estate Business With Corey Maxwell

  The market is about to shift, and you have to be ready. Investment insurance is one way to do that. In today’s episode, Tim Herriage chats with Corey Maxwell, Co-Managing Partner of Birmingham Insurance Group. With volatile market conditions, you must start thinking of ways to protect your business and assets. Corey is here to share his wisdom on how you can do just that. Plus, he gives valuable insights on what you should and shouldn’t be doing for your business to succeed. Don’t miss the golden nuggets from this episode, and tune in to get practical tips and mindset strategies that will position you for success. — Watch the episode here   Listen to the podcast here   Investment Insurance: Do’s and Don’ts For Your Real Estate Business With Corey Maxwell I have Corey Maxwell. Corey, welcome to the show. Thank you, Tim. I’m glad to be here. I’m so glad you’re here. I can’t wait to talk about fishing and college football but first, why don’t you tell our readers a little bit about yourself? I am one of the Cofounders and Managing Partners at Birmingham Insurance Group, BIG Insurance. We specialize in insurance for investors and property management companies. We take care of folks all across the country, 50 states. We’re also investors. We’re in the fight every day like everyone else is. We look forward to learning and growing along with everyone else here. Full disclosure, in December 2021, when we met, we entered into an agreement for me to sell REI Choice Insurance to you at BIG. You’re my partner, you and Jason Henderson as well. I like to get that out there. I wanted you to come here, Corey, because you and Jason are investors and have been involved in hard money and other businesses. We all operate the largest real estate investor-focused insurance agency in the nation. There are some others out there but I’m going to call us the largest. We’re the largest non-exclusive. Every episode, I start with the Bottom Line Up Front. Imagine when I was in the Marine Corps, I used to brief generals. They always said, “You don’t bury the lead. You have to lead with the bottom line up front.” If the general has to get up and leave the room or if there’s a mortar attack, you’ve got to get the most important thing. I’m going to give you two minutes to tell the readers the most important things that you see happening in the real estate market, industry and businesses and then some things that you think they should be doing and anything you think they should stay away from or not be doing. I appreciate the opportunity to share some ideas. In the marketplace, a lot is going on. Everybody’s paying attention to the midterm elections and inflation. Quite frankly, there are several things that I would recommend and focus on. First of all, being, “Don’t follow my path.” When it comes to achieving your goals, focus on your true self. Authenticity is key.   You can’t fake it but you can fake it until you make it. Be yourself. Go all in. Many people have too many opportunities. I’m one of them. Instead of getting analysis paralysis, find something that’s working and stick with it. Be committed. When I say be committed, be fully committed. Focus your attention, accomplish your goal and then you can move on to the next task or opportunity. I also made a note to remind myself, as well as everyone else, to find a mentor. Learning it on your works but it’s one of the reasons why franchises like McDonald’s, Chick-fil-A and others that are well known make it a whole lot more often than mom-and-pop shops. Find a mentor, somebody that can show you the loopholes, opportunities and shortcuts. It saves you a lot of time, heartache and energy. The two number one things I would focus on are tied for first. Be ready because the market is about to shift as inflation continues to hover at highs and the mortgage business has slowed down at a pace faster than any other time in the last several years. Foreclosures are about to start back over again and people are going to lose their businesses. Be ready, have your money in order and go get them. There’s a lot to unpack there. Let’s dive into that. I’ll throw the hard part out there first. You said, “Don’t be like me.” What are we referencing there? Everybody has wins and losses. If you are going to be successful, you have to be willing to try but more importantly, to fail because failure is where the best lessons come from if you’re paying attention and you are willing to learn from the process. What I recommend is don’t follow my path but more importantly, find a mentor, somebody who has already been down this road, is familiar with the bumps and the turns and who can tell you to brake, accelerate, hang a left and right. You and I both have been in the ditch at some point in our lives. The last thing we want to do is get back in that ditch because, in the best scenario, we’re going to have to winch ourselves out. At the worst, we’re going to smack a tree and game over. Many people that are successful attempt to pretend as if they were never unsuccessful. They forget the challenges that we all make it through. It’s not the challenges we encounter. It’s the challenges we make it through. It’s those challenges that make us good business people, parents and spouses. It was interesting you said, “Fail but pay attention.” That’s a powerful combination of words to me because often we fail but rarely do we pay attention to why we failed. Corey, talk a little bit about some of the things you see going on in the marketplace. It could

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