Real Estate Investment Gurus: The Best Tips I’ve Learned
Everyone learns from someone and, when it comes to real estate investing, I’ve definitely spent a considerable amount of time and money studying flipping “at the feet of the teacher.” I’d like to share the top tips from top real estate investment gurus that I’ve learned the most from over the years.
- Ron LeGrand © – It’s probably worth listening to anyone who needs to protect their name! LeGrand is definitely the big name in our business. Although people have been investing in real estate long before Ron Legrand, I don’t think anyone has taught it to the masses the way Legrand has. Legrand made famous the MAO (Maximum Offer Allowed) formula that everyone has used for years. My best take on 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 investment business.
- Robyn thompson – Once I learned the mechanics of flipping, I decided that flipping rehab was where I wanted to focus. I invested in Robyn’s courses and attended her real estate investment marketing and rehab bootcamps. Robyn is one of the best real estate investment gurus for offering great value at all levels of presentation (from free to high-dollar bootcamp). I learned a lot from Robyn about the rehab renovation process, but the number one conclusion I got from Robyn was how quickly you could really change rehab if you put more resources into it.
- Dave lindahl – I met Dave through Robyn’s events, attended his bootcamps and invested in his courses. Dave teaches how to look for “chunks” of cash, but no one knows markets or apartments better than Dave. What has been most valuable to me about Dave was his home study course “Managing for Maximum Profits”. An investor with no experience or training in property management is like a lamb to lions. I got off on the right foot and have successfully managed properties for years.
- Louis brown – Lou Brown is the undisputed king of real estate investment forms. I have used Lou’s Forms for Real Estate Investments from the beginning and have always appreciated having an amazing library whenever I need a new document. Lou’s forms, therefore, are my first lesson from Lou, and I still use a lot of them today for flipping.
- Kris kirschner – Kris’s Auto-Pilot Real Estate Systems (TM) for buying and selling real estate set the standard when we were growing our investment business. Kris is a systems guy all the time, and their real estate systems are used across the country to actually automate a lot of our business. The thing that got me the most about Kris was her approach to “self-service” screenings. Putting a safe in the house, giving the code to people to see, and then offering a self-service kiosk in the kitchen with brochures and apps was a blast, and I can’t imagine we ever displayed properties in the “old” time”. “Real estate investing is definitely the best self-service.
- Dan doran – Dan is the true master of the real estate investment sales process, although that barely scratches the surface of what I have 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 pick just one great lesson learned, it’s this … “If there’s fairness, GO!” Dan was the first to coin this sales strategy, which was contrary to what EVERYONE else was teaching about flipping (everyone said to look for motivation and overlook unmotivated salespeople). Dan is also a master of the inside game, business building, and the 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 have been on for years. Richard is an excellent copywriter, and his motto “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 by the main lesson, I have to say that it is the importance of marketing in our investment business. The first time I implemented one of Richard’s messages into a long-running campaign, I was literally overwhelmed by phone calls from people who had been receiving my messages before, but never responded.