How to 10X Your Real Estate Career (Top 1% Agent Tips) | Johnny Richardson DSH #900
Johnny shares his relentless work ethic, starting at 4 AM daily, and how he built a thriving real estate empire. Discover the mindset that separates top performers from the rest and why personal development is crucial for success. 📚
From negotiation tactics that saved clients $500K to insights on the changing real estate market, this episode is packed with valuable tips for agents at any level. 💡
Don't miss Johnny's advice on:
• Building a powerful database 📊
• Adapting to market changes 📈
• The importance of providing value 💎
• Expanding into multiple markets 🌎
Whether you're a seasoned pro or just starting out, these top 1% agent tips will help you level up your real estate game. Watch now and subscribe for more insider secrets from the industry's best! 🔔
#RealEstateTips #Top1PercentAgent #10XYourCareer #DigitalSocialHour #SeanKelly
#lasvegasrealtor #milliondollarlisting #ryanserhant #drhortonlasvegas #realestate
#highpayingrealestatejobs #realestaterecruiting #milliondollarlisting #realestate #buyersagent
CHAPTERS:
00:00 - Intro
00:27 - Real Estate Market Overview
01:52 - Closing 45 Deals First Year
03:18 - Clark County Title Insights
04:18 - Successful Event Strategies
05:31 - Daily Work Hours in Real Estate
08:17 - Favorite Real Estate Podcasts
08:56 - Succeeding in Different Markets
10:04 - Team Size and Structure
11:16 - eXp Realty Approach
14:22 - Retiring with $100 Million
16:44 - Honeymoon Plans Discussion
18:55 - Real Estate Market Changes
24:17 - Home Buying Process Challenges
26:53 - Annual Home Sales Performance
27:51 - Ranking in Las Vegas Market
30:04 - Coaching in Real Estate
30:54 - Upcoming Event Announcements
32:57 - Finding Johnny’s Program & Final Thoughts
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Transcript
Crazy, right?
Yeah.
So I partnered with an agent.
I said, Look, I don't have a license, but I got a deal.
So I partnered with him.
They took me through the ropes, commission closed it out.
Commission checks showed up on my desk probably a week before my license, and I was off to the races.
Just like everything out there, I was like, Okay, let me just do this over and over and over.
And I walked out first year, 45 deals, and built it up since.
All right, guys, we're talking real estate.
We got Johnny Richardson here today.
Thanks for coming on, man.
Absolutely.
Thanks for having me.
Yeah.
I'm excited.
A lot of information coming out on whether the market's going to rise or fall.
How are you feeling?
That's true.
I'll tell you what, a lot of real estate agents, they ask that question all the time.
Are we going to fall apart?
Are we going to go up?
A good real estate agent, as long as you have a database, people you're working with, you're very intentional.
you're always going to do well.
Now, are market conditions going to change?
They are.
I had this conversation with somebody at Turnberry the other day.
They were like, well, if interest rates weren't so high, if inventory wasn't so low when was uh real estate ever perfect it never is right and what you're doing is you're just figuring out which side to which side of the wave to ride on at that time so is it do i need to look into investing do i need to look into some owner carry options um do i need to look into multifamily homes instead of single family homes whatever the direction is real estate's going to i mean Take a look over the last 20 years.
Over the last 20 years, interest rates at one point, they went up to 18%, a little bit more than 20%.
But, and people are going nuts.
Now they go nuts over seven.
Yeah, just find a place to ride.
It's not like it's going to fall apart, especially here in Vegas.
People got so used to the two to four percent.
Yeah, yeah, they get comfortable and everything else.
They see that's just like anything.
You don't miss it till you lose it.
Yeah, you know,
yeah, they got a taste of it.
Like, I'm waiting until it comes back.
It's not coming back.
It's just not going to happen.
For real.
And you closed 45 deals in a year, right?
Yeah.
So that there, that was my first year in real estate was 2017.
So if you take a look at the average realtor across the U.S., that's 6.7 deals.
So now you got your part-timers, your single parents, stuff like that all mixed in there.
Now I think if getting started in real estate, if you're not closing 12 within your first year, I mean, you're not taking it serious.
I came in, I'll never forget this.
My license didn't even show up to my broker's office.
And I said, I don't care.
I'm burning the boats, man.
I'm going to be in here.
I know how to work a database.
It's, this is just like any other business.
Started blowing up the phones, telling people what I'm doing and asking for referrals.
I got my first referral and first deal before my license showed up.
Wow.
Crazy, right?
Yeah.
So I partnered with an agent.
I said, look, I don't have a license, but I got a deal.
So I partnered with him.
They took me through the ropes,
closed it out, commission checks showed up on my desk probably a week before my license.
And I was off to the races.
Just like everything out there, I was like, okay, let me just do this over and over and over.
And I walked out first year, 45 deals, and built it up since.
Yeah.
You're one of the top guys in Vegas, right?
Yeah, yeah, definitely.
Top 10%.
Yeah.
There's some big ones out here.
I know John Gafford's pretty big.
John, John's an amazing person, simply Vegas.
Yeah.
Absolutely.
I know John very well.
I think he's the what, second biggest out here?
Mm-hmm.
Yeah.
Yeah.
A billion dollars last year.
Crazy.
Crushed it.
Nuts.
Crushed it.
And you just started your own title company, right?
Yeah.
So started own title company.
That's about a year plus Clark County title.
So what we did is we partnered with Magnus out of Arizona.
so they crushed the market in Arizona and there's some JV models entering Vegas and I wanted to wait for Magnus because I knew they had a strong structure so I went ahead and did that with a couple partners of mine so and then when we turned that as far as LLC is Clark County title now most title companies when they open up they got about a year run before they see profits wow we put that company in profits within 90 days holy crap yeah we went hit the ground running we weren't messing around and now i'm we're running event event space with our title company and all we're doing is providing more value to agents that come and attend these events and the whole idea is to help them gain more business while some agents are not succeeding out there and showing them the things that we're doing and obviously what we're looking out of it be transparent we want more business to our title company smart having those events in the office absolutely yeah that's what i do too i have networking events yeah no i've been to a couple of them they're amazing every time i've been to your events i meet amazing people i mean that's what it's all about it's like what's your space look like when you go out look around the room who are you spending time with i mean that's any business real estate title mortgages cryptocurrency whatever who's around the table when you're hanging out you know i mean your events are great
your database is nuts yeah i've uh i've had some of the top real estate guys on the show like grant cardone um and ryan sirhan and i've noticed they're really good at networking Yes, definitely.
I love Ryan's stuff.
I read his book, So Sell Like Sir Hand.
So I don't watch, I didn't have a TV in my house for like four years, intentionally, just to not be distracted.
So I always knew of him.
I never watched him.
Read his book, and I mean, he keeps it very simple at the end of the day.
Talks about his one, two, three balls.
It's like, are you spending most of your time with, going after them, helping those clients provide him value?
At the end of the day, if you read that book, he keeps it very simple and he works really hard.
I mean, he's an awesome guy.
A lot of respect for that guy.
Yeah.
Shout out to Ryan.
And your work, I think, is
almost the same as his, I'd say, if not better.
How many hours a day are you working right now?
I mean, I don't stop.
And the reason why people ask me all the time, they're like, Johnny, like, what's the deal here?
Even my coaches, they're like, you got to slow down.
I'm pretty much addicted at the end of the day.
I love what I do.
So I'm up every day at four o'clock in the morning with my trainer at five.
I bust it with her back at the house in the office between 7.30 and 8 o'clock.
Running.
I'm running appointments.
I do client events, whether it's small dinner event or a lunch event that day or getting ready for the bigger event, doing as far as my luxury side, as far as whether I'm showing properties that day.
And if I finish up at 6 o'clock and I have a gap in there, even my coaches will say, go home.
I don't.
I'm like, what else can I get my hands into?
It's like, seriously, I just, what's the point?
Do I'm going to sit around and watch TV?
Am I going to watch Modern Family?
No, no.
I'd rather be building something and helping somebody.
That's how I've been able to do this.
Yeah, I think spending your off time on personal development is what separates you from other entrepreneurs and real estate people, right?
Definitely.
Yeah, I do the same thing.
When I'm not podcasting, I'm working on myself.
Yeah, exactly.
It's like, I mean, it makes no sense.
I talk to people as far as reading books.
They're like, why read this?
I'm like, let me ask you a question.
What are you getting out of this romantic novel?
I mean, great story.
I mean, but where is it taking you to?
Probably more sad that you don't have that life, to be honest.
Why don't you work on something that makes you a better version?
But 100% right, suck it all in.
I've never read a fiction book, actually.
No, me neither.
Yeah, I know people that do, but I see it more as an escape.
I wouldn't read that to learn.
Yeah, I'm with you.
100%.
Yeah, but those non-fiction books, man, oh, I crank those 2x speed audible.
No, there you go.
Man, you're up there 2x.
That thing is on fire.
What are you up?
Yeah, I'm 1.5.
Okay.
I do 1.5 if it's a fast talker.
Yeah.
Yeah, I'll do 1.5 for it.
I found when I get up there higher and I've done it, I'm not absorbing it.
I'm not.
If my attention goes here for one second, it's like, what would it eat?
Just say that.
So I was like, let me make sure I get this.
That's how I feel about like 2-2, 2-5.
It's like, all right, I'm just trying to cheat at this point.
Yeah, at that point, you're like, me, I'm bad.
You listen to any podcasts or any YouTubers?
As far as podcast goes, big fan of Bradley.
I have a personal relationship with Bradley.
As far as obviously yours as well at the same time.
So I don't know.
I just ended up being local.
Albert Presciato, as well, watch his stuff.
People I like to follow, I'll tell you, as far as not as much of podcasts, Tim Grover, I'm a big fan of.
Anybody that's spending time with people I just mentioned with entrepreneurs that are doing better things, they're looking to do something amazing.
I talked to realtors, I explained to them, I said, Look, you don't have to stay in this real estate bubble.
There are so many people that are building businesses if you pay attention to podcasts, like this one right here.
You can take pieces out, what they've done in their business and pull it over here and you'll be amazed what it does I mean don't do what everybody else is doing if you're parking in the same parking spot as everybody else same area as the mall why don't you park in a different spot and see what it does your business that's why I live by forever nice and I love listening to people on your podcast and so on and so forth that are doing things and have these incredible ideas.
I'm like, that would be great in real estate.
Right.
So that being said, do you think you could take your skills into another market and succeed?
oh 100 i mean if you threw me on a jet right now and dropped me in south well i grew up in south jersey or new york or whatever it might be and say johnny here's the deal i'm giving you 200 bucks to figure it out get out there get some real estate done 100 there's a show about that yeah yeah
grand cardone yeah they did one with him yeah so zero to four and a half million dollars and i think a month or something crazy yeah it was a crazy number but that goes to show you it can be done if you have skill sets not like it's in this bubble in Las Vegas Once you go out you're a nobody Absolutely not you have those skills That's why I explain to people even when they come from a different industry I'm like you guys close this book and come to real estate like it's a whole new thing
What are you doing?
You're building a community.
You're working with people.
You're intentional.
You're providing value.
Don't you do that in other businesses?
Just continue it here.
Stop letting everything else clog up your memory.
Right.
Now if you shift it here and we drop you in Texas or New York, do it again.
And that's how I've been able to build teams in other areas.
Nice.
How big's your team right now?
So right now, and here in Vegas, I have 156 agents
here.
Then I have a couple of small teams, about 15, another group of 20, group of 17 in California.
And we're working on Miami right now.
Holy crap.
So you're spreading.
Yeah.
Yeah, definitely.
Wow.
100%.
So I own the Richardson Group.
We're a company within a company.
I'm part of Real Broker LLC.
So we're an umbrella over U.S.
and Canada.
So it gives me the ability to do other things.
And I go ahead and take what I've been doing.
I said, hey, I'll show you the model.
I'll show you what I do.
And I'll show you why it's successful.
One of the reasons why I'm working with leaders, most real estate companies, a brokerage model, you're training your competition.
Once this guy leaves, now he's competing with you.
The model that I've built, what happens is if I train him internally within my team and he's outgrown me, because everybody,
if they're a hustler, they're going to outgrow you.
They're a type A personality, they want to go out and do something else.
They want to do their own thing.
Now I move him out, show them how to duplicate it, continue making money with him.
He's now no longer an enemy.
Not a real enemy, but just competition.
Yeah.
Yeah.
Did EXP Realty approach you at one point?
I worked with EXP.
Oh, you did?
Okay, because they have so many people.
Yeah, so I was in EXP Icon.
It was short-lived.
So I partnered with two guys out of California.
And the reason why I did wasn't because of EXP.
It's because I love their systems.
I was in a boutique brokerage here in Vegas, about 500 agents.
So I was just starting to build at that point.
I met these guys and I was like, their systems are on fire.
Jumped in with them.
And it was awesome.
I did great.
So I'd work with them.
They're out of California.
In the meantime, I was working with Renee Rodriguez.
So I did an event with him three days, his little clinic that he has.
It teaches how to speak, have constant communication, be very intentional and i met somebody with real
and i started comparing the models and i'm just like holy crap this real model one it's fresh new kid on the block people are very interested number two they're going through what exp went through 10 years ago stocks were low
getting in at that time rev share was super aggressive rev share didn't exist when exp came in they brought it to the market now it's more aggressive i said okay this looks pretty awesome.
I don't want to be the guy.
It turns around, thinks about it.
Oh, should I, should I, should I?
Said, screw it.
Let me pull the trigger.
I got a good feeling.
Sure enough, I was right.
Nice.
Yeah, sometimes you got to take that chance, right?
Yeah.
No, 100%.
Because EXP is like the safe play, but sometimes you got to bet on the up-and-coming company.
Yeah, it is.
Our model is a little different.
So EXP can jump in.
So if you're a recruiter, EXP, you don't have to sell a house, but that's part of the problem.
So I was pitched probably 500 times by AXP, but a guy like me, where I'm selling hundreds of homes a year, I'm not going to listen to you if you've never sold a house.
You know, this is my business.
You know, granted, there's the building model and everything else spread around it on the rev share.
So on the real model, you have to be a producer.
So we bring in producers.
You have to show you're actually selling houses in order to stay within and take all the benefits of the company.
Smart.
So if you don't sell a house, you get kicked out.
Oh, you don't get kicked out.
You're going to pay MLS dues for nothing.
You're going to lose money there.
You're not going to make any money off of rev share.
So it's like, it's no point.
You'll just lose at that point.
It kind of gives you no choice.
Right.
So it's either.
But one of the benefits,
let's say you decide to, you're going to will
your rev share model.
You're making 50 grand a month, 100 grand a month, whatever it is.
EXP side, you pass away, it's gone.
On the real side, you have your wife.
She's at home taking care of the kids.
You pass away as a realtor.
What's she do?
Real.
You're going to will that.
She's got that 50 grand a month coming to
XXX.
That's cool.
It's pretty cool, right?
Plus, you can set up as a retirement package.
You decide to get out of real estate, whatever your age is.
I don't ever want to retire, but people do.
So if they go ahead and retire, you can continue receiving that rep share also.
So it's pretty cool.
It has a lot of cool components.
Yeah, I love that.
So if you had 100 million, you wouldn't retire?
Wouldn't.
So I don't see myself like sitting on a beach staring staring at the stars.
I wake up every day and I want to be hungry.
I want to work.
I want to build something.
Now,
over the years, has my career evolved 100%?
And will it continue?
10 years from now, will it look different?
100%,
but not different to where it's like, oh, that's it.
Time to hit the cruise ship, you know, drink some Bloody Marys, whatever it is, fruit cocktails.
It would drive me nuts after a while.
It would.
I'm like, what am I building?
What am I doing?
I grew up in New Jersey and everybody I talk to in Jersey, this is crazy.
So every time they call me or like I retire, I get a call within 60 days.
I have cancer.
I have cancer.
Wow.
Constantly.
I'm all joking aside.
I've yet to talk to somebody.
It doesn't happen to.
And I think one, Jersey, as far as crops and everything else, it's a garden state.
I think that plays a part.
Pesticides, yeah.
Yep.
But another part of it at the same time, I think our body knows.
shutdown time we're at a certain age and it starts taking over think about it the more people you talk to more active they are at an older age they're healthy as an ox one of my good friends he's 73 years old he works within the movie industry out here i mean that dude's healthy as an ox and rock and 73 he's out there kicking butt and hanging out in the casinos and hitting on young girls it's so funny but he's a really good guy but i look at him i'm like man this guy's healthier than anybody else i know for the most part i talk to other people his age that retire i mean they're a sinking Titanic.
For real.
Yeah.
So I don't want that.
So I'm not retiring.
I'm not retiring either.
Yeah.
I mean, it's so fun what we do.
When I go on vacations, by the third day, I'm like wanting to go home to work.
You know, and then my coach had asked me about that recently.
She goes, How much vacation time do you take?
I said, I don't take vacation time.
That's a thing.
So if I go do an event and like just a month ago, I was in Orlando.
So I was at an event, spoke in Orlando, and I said, you know what?
I'm going to stop in Miami for two days.
So I stop in Miami, set up two meetings in Miami, have meetings out there.
I might spend an evening out to dinner
on my way out, hit the beach, and that's it.
I'm gone.
So I was like, I'm not one of these guys takes five days off or 10 days off.
I'll go nuts.
I'll go crazy.
It's absolutely crazy.
What about your honeymoon?
You go hard for that?
For my honeymoon?
Yeah.
Well, I'm not married.
Oh, you're not married?
No.
Was that by choice?
Pretty much.
I mean, I'm a lover, definitely.
I've started to think about it lately.
I'm like, I'm really good at the short-term stuff.
You know what I mean?
Spending time with somebody, but
I almost get a little bit of anxiety, I guess you could say, because I'm so bought into my career.
And that's why I found it's like, of course, I'm a human being.
I think, you know, women are wonderful and you treat them respect.
And I want to spend time with them.
And I do.
But it's like the more time I spend, I'm just like, holy crap, my true love is my career.
It is.
I'm just, I love building it, spending time, doing what what I want to do.
I don't want to have to worry about coming home at six o'clock.
I don't want to worry about somebody's like, hey, are you ready for dinner yet?
Hey, what are we doing over the weekend?
Just the way I am.
Right.
You would need to find someone where they know the business comes first and they're second, which is going to be hard.
Oh, it is.
It definitely is.
Yeah.
I mean, and the shame of it is there's a lot of people out there that say, oh, I'm so into that.
Oh, I'm a driver.
Most people lead with their best foot forward.
Yeah.
They're going to tell you what you want to hear.
Easier said than done.
Oh, yeah, 100%.
But then
everybody's level 10 is different.
So that might be their level 10.
But then as far as where my level 10 is way surpassed them, like, okay, I see what you mean, but this doesn't make sense.
Or like, well, yeah, I work really hard nine to five.
And then after that, we need to watch a movie.
I'm like, no,
that's not the way it works.
Yeah.
That communication is important, man.
When I told my girl I'm starting the show, I told her up front, I'm like, I'm going to work more than normal.
You know what I mean?
Like, at the time, I was taking weekends off and spending dinners on the weekdays.
I said, that might have to go for this show to grow.
There you go.
And does she work within the business at all?
Yeah, she works within the business.
But she understood that there's periods of your time when you're dating that you're going to have to lock in.
Yeah, there you go.
That's awesome.
And you just got engaged.
Was it six?
Yeah, about getting married next year.
Nice.
Congrats.
That's awesome.
Yeah, it's been a lot of growth, man.
Yeah.
That's super.
She sacrificed a lot because I used to work 18 hours a day.
Okay, what do you work now?
So people have weird definitions of work, but I'd say 80 hours a week still.
80 hours a week?
Yeah, what is that a day?
That's like, yeah, 10, 11 hours, I'd say.
Yeah.
Yeah, there you go.
Yeah.
Because I'll loop the self-help into work because that is a form of work for me.
Yeah.
It's funny where you say, you know, as far as definitions of work, there's a difference between where people get confused.
spending time at the office and real work hours.
And that's where people get misconstrued.
Sure, you could spend 12 hours at the office, but how much work do you get done?
An hour?
hour you know what i mean yeah yeah see the difference like i don't know i was at the office 12 hours a day for 10 days i didn't sell one house or i didn't produce one product or whatever industry they're in i'm like yeah but how many cap videos did you watch in the meantime you know what i mean yeah it shouldn't be measured off hours it should be measured off results like that's why i like the structure of your your company actually because it's based off results oh it is yeah because these days people are kind of entitled and they just want to get paid a salary or whatever it's no 100 you're not even doing shit like yeah you see it yeah you do Definitely.
Real estate markets changing right now.
And just we're constantly looking at what direction it's going to go.
We got to be looking pretty much 12 months ahead constantly and where we're at because there is an NAR loss.
I saw that.
Yeah.
Yep.
So there are certain real estate companies weren't, what they weren't doing was they weren't disclosing as far as what the commissions were going to be as far as negotiable on the buyer side of everything.
And it really changed the game.
Now, what it also did is it also put real estate agents in the driver's seats.
Like, you better show your value.
You're not opening a door and just getting a free commission and getting lucky.
It's no longer that.
That person literally has to hire you almost like a lawyer or any other business professional.
They're going to have to decide, are they going to sign on the dotted line?
Are they willing to pay your commission?
And it's changing.
And all these ones, like you just said, entitled, for example, it's weeding them out of the business fast.
I bet.
It's going to be very interesting over the next 12 months.
Only that's how we'll survive.
It's true.
Yeah, so how does it work now?
Because when I bought the house, I didn't pay any commission.
Didn't pay any when you came in, because you just closed two, three weeks ago.
Two, three weeks ago, yeah.
Yeah, so when you came in, you were right in the beginning stages where it officially takes effect is August 17th.
Oh, got it.
That's when it's like that, that that's like where a realtor could get sued for not following the steps.
Really?
Holy crap.
So at that point, sued, fine, whatever.
The list goes on.
So now, as of October 1st, the commissions disappeared from the MLS.
So now that they're not there, what we have to do is one, we're going to call, say, hey, listen, so we know what direction we're going and what we have to work with.
Is say, hey, Mr.
Seller, are you willing to pay commission and everything else?
So we know walking into that, if you did the proper buyer's consultation, spend time with your person the way we lead, say, hey, we're always going to go to the seller first and ask them to pay our commission.
In the event that they cannot do that, we're going to have to have a serious conversation.
Do you have have a brother?
Do you have a cousin?
Do you have leverage?
Something you can do to pay as far as for the service through that escrow.
So I cannot work for free.
Yeah.
It just is what it is.
Our brokerage won't even allow you to work for free because then it affects our ENOs, and now we're not covered.
And God forbid something goes sideways.
So, as far as that goes, but that'll start on October 1st, but it's go time.
Right in the middle, just the meeting I just left from just before this.
Yeah, I mean, it's just like non-stop with a division right now.
Damn.
It's a big deal.
I mean, it's nationwide.
There's a couple states that aren't a part of the Realtor Association and they decided not to participate in it.
Wow.
It's kind of a weird time because a lot of most sellers you talk to, I would say 95%,
they're like, well, I want to advertise the commission.
Why can't I?
I'm like, well, I'm not allowed to do that on the MLS.
And the reason why is what they don't like.
It's like, well, how's somebody going to tell me I can't advertise?
I want to sell fast.
And I know what's going to sell fast is money is going to talk.
It's going to be the price of my house.
It's going to be what I'm offering another agent.
So there's a lot of things happening right now.
So you have a lot of sellers kicking back on it, believe it or not.
Kicking back at it?
Kicking back.
They don't like it.
Oh, they don't like it.
They're not a fan.
Yeah.
How come?
I mean, they don't like it because now they can advertise incentive and bonus people.
Let's say it's a guy that's like, listen, I got to get out here like yesterday.
I get to Florida.
My daughter's sick.
And I'm buying a house there and I need to sell this first so but I'm always gonna bonus somebody 10 grand to go ahead and do this can't do that used to be able to say hey you sell up in the next seven days you bring me a buyer I'm gonna offer you 10 grand it's no longer allowed damn that's annoying because yeah some people need to sell in a hurry it's the truth when I was shopping for houses there were people that were moving the next week yeah it's the truth they're motivated they want to get going everybody has something going on in their life and then I mean
I'm sitting there thinking to myself, and I said this down at the board, and I said, I'm like, if I'm selling my house, I want to be able to advertise the way I want to.
I'm like, how are you going to tell me?
It's just like you can't tell me what I can sell it for.
It's my choice what I sell for.
How is it you can tell me how I'm going to advertise it?
So it's pretty crazy.
Yeah.
Yeah.
The home buying process was gnarly, man.
I learned a lot.
I realized it's not really made for business owners and entrepreneurs.
As far as when it comes into the financial...
Getting a loan, yeah.
I mean, that was,
I barely qualified for anything.
So I had to do a bank statement loan.
So that was kind of frustrating because the interest rate was higher.
So they need to fix that system, in my opinion.
Yeah, as far as that, so you have take uh you closed three weeks ago, so they got basically five months in one week, and they go ahead and refi rate.
Just dropped on Friday.
Oh, they did?
Oh, I didn't know that.
I got in at eight five, but I bought it down to seven five.
Did you?
Yeah, okay.
Yeah, so if you take a look as far as traditional rates, FHAs, FHAs, they're getting down in the fives right now.
What?
About a week ago,
7.1, 7.2.
That's amazing.
Yeah.
So I could refi.
Depending where you're at, how much you need at that time, go ahead and refi it in the next five plus months.
Nice.
Yeah.
That's good to know.
Plus, the house already went up a little bit, I saw on Zillow.
There you go.
I mean, the inventory out here is rough.
It is.
It's super light.
You have to get creative out here in Vegas.
So if you're dealing with a real estate agent in Vegas that's just, you know, whatever, sells.
20 homes a year.
He's stopping on the MLS.
You're looking at everything everybody else is.
You really need to work with somebody that's in the game.
They know what's going to be hitting the market, who has an interest in selling that, you know what?
If the right deal comes along, I'm going to sell this sucker.
So when you work with people like that that are really dialed into the market and dialed into the community, you're going to get more of what you want when you're looking for real estate.
That's whether you're looking to buy some primary, invest, whatever it might be.
Yeah, that's smart.
Cause by the time it's on Zillow, 150 people seen it.
Yeah.
I mean, it's old news.
Yeah.
It definitely is.
And our inventory out here is not much to pick pick from.
Not much at all, dude.
It took me months to find a spot, dude.
It does.
Yeah.
I mean, we're supposedly getting NBA, MLB, so Vegas is going to be hot.
I mean, we're blowing up.
I mean, I notice every time I take a look at it month to month, when I go out there and hit the road, I'm like, man, it's being busier now.
Dude.
It's nuts.
I'm in traffic every day now.
When I moved here three years ago, I don't think I hit traffic once the whole year.
It's crazy.
I moved here 2012, so from South Jersey.
And I look around compared to then, night and day.
Yeah, it's nuts.
It's nuts.
It's nuts.
We have 5,000 people moving here every month from Cali.
Holy crap.
It's that much?
Wow.
I mean, we're busting at the seams.
Yeah, that's 5,000 just from Cali.
So it must be...
It must be over 10K just overall.
Oh, yeah, because we're seeing South Florida traffic now.
We're seeing, you know, East Coast or New Jersey and New York as well.
Yeah.
Definitely.
So we're seeing a lot of those areas.
I love it.
How many houses did you sell last year?
Last year was 226.
Damn.
That's almost one a day, dude.
Yeah.
That's impressive.
Super busy.
This year you're going to surpass Adam.
Yeah, Surpass X.
We have off-market stuff as well that we're pushing, like I mentioned, as well.
Nice.
Yeah.
So, and that's throughout my, so I have a unit of agents that are on the smaller side, besides all of them.
I manage over here in Vegas.
And that's just with my small group by itself.
So my idea now going into the new year is we're going ahead and we're dialing that in and bringing in and we're building out a strong admin staff to support that.
Because what I found, I was like, we can bring up this count.
We just need support staff and i found we were too light on the support staff to kind of help as far as uh setting appointments as far as administrative paperwork as far as staying compliant the list goes on and on i said okay i'm going to add these components in make this super thick have 10 of these in the front line we could double these numbers going in the next 12 months rolling wow that's cool man so where do you rank in vegas now right now in vegas i'm ranked at 51.
oh wow yeah that's out at 22 000.
oh so that's really good Yeah.
Solid, man.
I didn't know there was 50 ahead of you.
That's impressive.
Yeah, so right now, you've got 22,000 agents.
It'll be interesting to see what it looks like over the next 12 months, what that number goes to.
Do you think it'll get cut pretty heavily?
Yeah, it definitely will.
It's pretty interesting out here in Vegas because you talk to people and are like, oh, I know this person's a realtor.
I'm like, okay, they might hold a license.
That doesn't make somebody real terror.
It's pretty easy to get, right?
I know it is.
I mean, you could practically pick up a license over in aisle three at walmart i'm like it's nuts it's 120 hours i'm like a monkey could pass the test i'm like doesn't mean you could sell real estate yeah it's an online test right yeah well it's over at the uh at the uh pearson view oh so you have to take it in person you have to take it in person okay i think they have one program you might have to improve certain items damn but for the majority you're down there taking it but i mean it's nothing at the end of the day you memorize the stuff yeah i mean but it's not street tactics at the end of the day it's not teaching the negotiation it's not telling showing you how to find deals for your clients.
That's what your clients want.
It's great.
You got to stay compliant, stay legal at the end of the day.
We all need to, but what are you doing for your client?
You're hired for being the best negotiator.
You're hiring for finding the best deals for your client.
Where's that training come in?
That's where people like me step in.
Right.
So you actually negotiate?
Nice.
What's the biggest you've saved on a house?
I mean,
I would say as far as we have our wholesale department, that's like a lot at that point, all depending where we're positioning at.
I've sold some of those deals where I save people 500 grand.
Holy crap, that's impressive, man.
Yeah, it's crazy.
Where'd you learn to negotiate?
Yeah, so I trained with Brett Tanner.
So, Brett Tanner, he's phenomenal in the wholesale market.
So, he has 17 markets spread throughout the U.S.
So, he showed me how to go out and find these deals and everything else and how to put together a list of buyers and investors.
So, I spend time with him over in Scottsdale.
So, we put together a whole system as far as what it takes to get in front of them and then how to construct the deal at that point and what the numbers look like and off to the races.
Boom.
And now you're coaching too, right?
Yeah.
So it was crazy.
I was invited over there.
I'll never forget this was a couple years ago.
When I stepped in that room, it's interesting when you level up.
And like, I'm like, I've been in some big places and I started looking around.
I'm like, the money flowing through there was ridiculous.
These guys are talking about doing $100 million deals.
And I'm just like, holy smokes, this is ridiculous.
Like, what is this?
I'm like, $10 million house at that time was a big deal for me but these guys are talking about moving huge projects and portfolios but yeah so as far as now what I'm doing is coaching as well and that's what I'm providing as far as people that come into real the Richardson group currently right now as far as I'll train my teams in California and other states and everything else to where we'll jump on zoom calls every every week so and then we're setting that up I just got a new house in Vegas, big showy, big daddy place specifically to run events out of it for event space as well.
Nice.
So as far as that goes, we're going to do the event every quarter.
First one will be starting in October.
So I'm bringing in speakers to that.
So now what we're going to be doing is besides as far as within my real network, because I wanted to see where it really fit in with them first.
And now we're going to be going to outside.
It'll be driven towards real estate people because that's what I do.
But at the end of the day, where the core of it is, it's living life with intention.
It's networking and building a database.
And you can do that whether you're in title, whether you're a loan officer, whatever it might be out there.
You know, what are you doing to raise the level and be a better version every single day walking into that office?
I got sick one day, like just sick looking at things.
And I'm looking at so many realtors coming in.
They're like, well, I need this tech tool.
I need this.
I need this.
I need this.
And I started looking at some of these people.
I'm like, the quality person they are, how intentional they are with everyday living.
I'm like, they're not taking the right steps.
If you're not doing this, you're not building yourself.
You're not reading books.
You're watching TV all day, but you're think the next tech tool is going to build you.
No, it's becoming a better person because quality people want to spend time around quality people.
You want to get into a luxury market.
That's what most realtors say, but you want to spend time with these luxury people.
They don't want to spend time with somebody that's not like building, want to talk about.
upper level educational conversations.
It's not going to happen.
So what are you doing to build up yourself?
So that's when I started building this program.
Thomas is assisting me right behind you, putting that together for real estate agents.
More than anything, it really comes down to mindset at the end of the day where it works for everybody because it doesn't matter what business you're in.
So if you have networking, you're building a community, you have a strong mindset, you're a quality person, you're living with intention and giving value at any given time and helping solve problems.
I don't care what business you start, you're going to be successful.
Absolutely.
I love that, man.
Yeah.
Where can people find your program, find out more about you and uh keep up with you man so what they can do is they can look me up right on uh instagram is the best way answer everybody at back that's gonna be the shark jr all right and that's not junior everybody says that that's johnny richardson so everybody knows but go ahead and set me up we have live zoom calls once a week right now platforms being built out on high level right now so that'll be released over the next 30 days we'll link below thanks johnny for coming on hey thank you absolutely yep thanks for watching guys as always see you next time.
See ya.