The Science of Flipping

The Cheat Code to Consistent Deal Flow | Sharad Mehta

October 11, 2024 36m Episode 380

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Full Transcript

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Go to MizzeninMaine.com and use code POD20 to get 20 like seven figure, you know, but you can only get there by putting in the hard work. And if I could just give you one word to get to that, it's be consistent.
Just be consistent. And that you'll be amazing.
You'll be amazed at how much progress you will do in like six months if you're consistently doing small steps day in, day out. What is up, the Science Flipping family? Welcome back to another incredible podcast.
This guest is one of my fan favorites. He himself is a big time real estate investor.
But today, he and I are going to give the cheat code to you for what the seven figure real estate investors are doing right now. So if you want the cheat code, you want to stay on for this entire episode as Sherrod from ReSimply is here.
What is going on, brother? Hey, Justin. Thank you for having me, man.
Excited about being on the podcast. Congratulations on all the success you've had with the podcast.
It's incredible. You know what it is, man.
I have great guests like you. We come with the heat.
We come with the energy. We come with the great tactics and what people can take away.
So listen, as I just said, you have a lot of clients that are seven-figure-a-year earners, and we are going to go give the goods away to those that are trying to break into that space. So let's start

right away about what are some things that you are seeing right now that the big-time are doing that is creating this deal flow, the lead flow, the revenue flow. What are they doing? Absolutely, man.
So if I had to distill everything in one word, I would say it's consistent. Consistent, consistent, consistent.
So they are consistent with what marketing channel they want to follow. Like the biggest difference we notice in investors that are just getting started versus the ones that are consistently doing deals is the newer investor will go in and try one marketing channel for a couple of months.
Give up. Go to the second one.
Do it for a couple of months. Give up.
Go to the third. And they just keep jumping from one marketing channel to another.
The ones that are doing consistent deal flow, like I'm talking about an investor doing four or plus deals. We have some guys that are doing 30, 35 deals a month every month.
The number one thing that they're doing is they're doing consistent marketing. And out of the consistent market, if I had to pick one that most of the investors are using, consistent investor using, it's I would say direct mail.
Direct mail tends to be the marketing channel that we notice, whether it may not be their primary marketing channel, but they're doing some sort of direct mail. Either it could be their primary or they're mailing to a niche list that they have.
But they go in with the expectation that they have to commit to it for six months before they can make a decision on it, whether that marketing channel worked or not. And they're thinking long term.
They're not thinking short term. They're not living like paycheck to paycheck, so to speak.
I've put it in different contexts. They contexts they're going in and saying okay i'm going to commit to this marketing channel for six months and then after that so once they commit to that for six months they have leads coming in then they have a consistent follow-up method right i mean it's a cliche fortune is in the follow but it is so so true you could make so much money just by being consistent and then people sometimes get hung up on, hey, what should I say? It's no rocket science.
Just be simple follow-up. Just follow up with the seller every month and say, hey, Mr.
Seller, are you still looking to sell your house? I just want you to know I'm still interested. Some variation of that, just letting the seller know that you're still interested in buying the property and then let the follow-up do its magic and once you have that once you do that for six months and you consistently follow up it's almost impossible not to get a deal after six months the only reason you would not get a deal after six months either you're marketing to a wrong list you have a wrong marketing list that you're mailing out to or doing some marketing, or you have too small of a sample size, like you pick the list of 10 people to mail to or market to.
That would be the only reason. And then you're not consistently following it.
If you do, if you're consistent, if you have a good sample size of marketing list and you consistently market to them, follow up with them, it's almost impossible not to get a deal out of I'll take that to this. If you're like me in the real estate game, you know how wild things can get.
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What type of lists are the big boys using right now to find those deals? I would say the number one list is absentee, absentee with equity. If you do that absentee with equity, so just to get more specific, 30% or more equity or unknown equity, you know, and then five years or longer ownership or unknown ownership ownership if you have no idea what list to start with i would say start out with that and then depending on how big the market you're in if let's say you get 10 000 people on your list and it's too big of a list then i would layer in uh then i would stack it with vacant and then see what uh list size you feel comfortable with but if you i have idea which one to start with, I would say start with absentee with equity and five years of ownership or more.
That's great. One of the things in just kind of my two senses is building out a business.
Recently, we've been targeting a lot more of the financial need, right? And so recently tax delinquent, notice of defaults, reverse mortgages, things of that nature. What's happening in the economy real time right now is people are starting to finally see the pain.
I think it's been a long time that the government or the news has been talking recession, recession, recession. I think we're here in the sense of people feeling financial pain.
And so I have now recently started targeting more of the financial indicators as much as anything else. And what that has led to us is we've actually found more people that we've been able to help stop foreclosure.
Like today, one of my team members stopped a woman that is going to foreclosure on October 14th, and we were able to stop it and get the deal done so she didn't have to go to foreclosure. I would also add into this.
If you're going to do after tea, I love it. I would also say pain, financial pain, it is out there.
It's not an easy subject for everybody, but finding people that need us, like the saying always goes, right? You get paid on the value that you provide. And so, I would also add on to that.
Yeah, you're 100%, right? One caveat, small caveat, sometimes it can be people that, like, you, of course, have tons and tons of experience. Sometimes it can be tricky when you're dealing with a time sensitive homeowner and you give them falsehood that's where i would say just you only have to be careful less that you get this lead and then someone is going through has this absolute you know deadline of like two weeks in your case like you're going to come through but a new investor it could be a little bit tricky so in that i would agree definitely partner up with someone like you or someone more experienced who can help you get to the finish line on the first deal.
But the way I look at in my market is if I do absentee with high equity, it's going to cover some of the subset financial pains because for us, they have to have equity in our market. But what you're saying, definitely, if someone has the skillset, the knowledge of going after the niche list, like the financial pain, you know, like the more time sensitive the list is, pre-foreclosure, tax dealing, where they're going to lose their house, like the cost of not taking an action is pretty life-changing for them.
That is an absolute amazing list to go after but just the only caveat with if it can be something tricky for newbie investors to to go after that because these are some difficult conversation like someone has had death in the family or they're going to lose their house or they you know like because of foreclosure or tax there's no there's no doubt about it there's no doubt i'm saying it definitely doesn't sell into like a newer investor trying to go get their first deal. There's no doubt.
Yeah. Now you yourself are a big investor and you've been a big investor for quite some time, but you're also the founder of ReSimply.
And so I wanted to talk a little bit about ReSimply because I think there's a connective tissue between what you can see your clients at ReSimply and their success model and what you're doing and why people want to look into Resimply. So let's talk about Resimply a little bit as a over like a 30,000 foot view of what it does.
Yeah, absolutely. So Resimply, if you think about it helps you on the prospecting side, you know, to generate leads using like cold calling, website, driving for dollar, list stacking, everything that you you can imagine and then it helps you once you have those prospects by convert into leads then you can manage those leads those motivated sellers through our crm uh you know we have full phone system email all everything that you can imagine to use in in a software and then once you have the property in the contract then you can also dispo those deals uh using our you know, managing your buyers list, sending bulk email, bulk text to your buyers list and also have a dispo website.
And then we also have a bookkeeping and accounting feature built in. I used to be an accountant before I left my accounting job to do real estate full time.
So you can do your manage your KPIs. And that's another thing, you know, not to go off track is that's what some of the bigger investors are doing.
They're very, very fanatical about tracking their KPIs and making data-driven decisions in their business. Absolutely.
And so what are you seeing that your clients at ReSimply, all the things, what is the most useful tool that they're kind of utilizing for their business? I think it's like being consistent, like, you know, going back to like consistently marketing. And then once you have those leads coming in, right, whether let's say if you're a single person, solopreneur, and you're starting out, I cannot, I cannot stress enough how incredibly important it is when you talk to a seller, right? If you have a team, you want to listen into the sales call that your team had but even if you're just by yourself and you do a call with the seller

you know the calls are recorded and everything go back and listen to the call you will be amazed

how much you realize after like you you may have this call you're like man that went so well but

you go back and you listen to that call you'll be like oh my god i can't believe i didn't ask this

question i can't believe the seller mentioned this and completely you know skipped over that

so that is some uh things that bigger teams are doing they're listening to that they're auditing

I'm not sure what's happening. I can't believe I didn't ask this question.
I can't believe the seller mentioned this and completely, you know, skipped over that.

So that is some things that bigger teams are doing.

They're listening to that.

They're auditing their calls that go well.

They're auditing the calls that do not go well. So they're always working on process to improve things in their business.

Like what else can they do?

For example, if a sales call goes really well, they start using that as a template.

Okay, this is how we want all the sales call to do. If something doesn't go well look into okay what did not go well what can we change about that you know and then they look at and then the most important thing is they look at the kpis make decision based on the numbers so if you're doing direct mail right and you're sending you have a big list of people that you're marketing let's just go back to the example justin that you were giving that you have a pre-foreclosure lift and a tax delinquent let's say what a lot of investors would do is they would combine those lists very common and they would send out a mail piece right they will use a tracking number and then you have leads start coming in and i know this is good i closed my deal let's say you spend just for hypothetical you spend thousand dollars on it and you make ten thousand like this is incredible i spent a dollar i made 10x but the question is let's say you're scaling this business the question is was it the pre-foreclosure list that made you money or was it that tax delinquent list if you didn't get a small scale it may not matter but as you start scaling your business these are some very very important numbers that you need to know is which marketing channel which specific campaign in the marketing channel is working so So now going back to the example, let's say you now separate these two pre-foreclosure lists and tax delinquent list in two separate tracking numbers.
And you notice that you got a bunch of leads from tax delinquent, way more leads than pre-foreclosure, but you only got like three or four leads from pre-foreclosure, but they were all high quality leads and you were able to convert one. And then you this over two three cycles and like you you will start seeing a trend you will start noticing for i'm just using this as an example that maybe tax delinquent list you get a lot more leads but they're just garbage leads you know people that are not interested but pre-foreclosure you get a lot less leads but these are high quality leads super motivated lead and that's where you can make a decision after three four months of doing this is like hey you know what i don't even need to market to the tax delinquent list because these are like tire kickers not serious and not you know worth the the time and effort and i'm just going to double down on the pre-foreclosure list and that's where you start making better decisions so now imagine the money that you cut out of your business, not marketing to the tax delinquent list.

All of that money you can double down on your pre-foreclosure list. And if you can keep up the ROI, all the money that you save goes directly into your net profit.

Like that's the thing that people have to think about is like, of course, you want to increase your top line number.

You know, you want to get to like high six figures, seven figure or even eight figure in revenue.

But that should not come at the expense of low net profit. So to put some context around you know give some numbers you should expect at least 3x on your marketing dollar so every dollar that you put in you should expect at least 3x to come back so if you spend thousand dollars you should minimum minimum expect to make 3x 3x to 5x is good anything or 5x you're doing great doubling down on it.
So now if you have different marketing channels, let's say you're doing direct mail versus PPC and direct mail you're noticing 6x, PPC only noticing 4x. Take some of the money from PPC and allocate it to direct mail.
If you can keep up with that 6x, then just keep putting more and more money into that. So that's one thing that you want to look at is your ROI.
That's the most important number is, I mean less real estate investors but in marketing business so you want to make sure you the highest ROI you can get on your marketing that's where you're going to start seeing higher net profit that and then just for some context the net profit number whether or not you're paying yourself a salary or not factor in a number number. If you were to replace yourself from the business, what salary you would want to pay yourself.
And after that, you should look for at least 25% net profit. So if you're making million dollars top line, then you should at least expect $250,000 for the business to make, not including your salary.
Your salary should, you should deduct your salary and then 25% after that. 25 to 40 is good.
Anything below 25, you're either spending too much on marketing or you're spending too much on payroll. Those will be the two main reasons.
And then above 40%, your goal, you're running an absolutely incredibly lean business. Just keep doing more of what you're doing.
Just to put some numbers around, you know, so the bigger investors, what they're doing. Yeah, I think that's really important to understand for a newbie, right, is they want to get to where the bigger investors are.
They want to make that kind of money. They want to have that deal flow.
But I would encourage you as someone who I've coached thousands of newbies, and the thing that I impress upon all newbies is while you might want

to have a goal to get to where those guys are, where you like, where I am buying apartments and all these things, you need to go start doing the thing that no one sees you do. That is not sexy on Instagram.
That is not about the cars, the vacations or whatever. It's the outbound dialing.
It's the outbound direct mailing.

It's the, you know, door knocking.

It's the thing.

They. or whatever.
It's the outbound dialing. It's the outbound direct mailing.
It's the door knocking. It's the thing that you need to go do first.
Don't overly romanticize the big paydays, the million dollar years. Yes, you need to get there.
But to get there, it starts with the grunt work. And this is the breakdown in Sherrod.

I'd love to hear as someone who has a product that centralizes from across a newbie all the way to a seven-figure-a-year earner.

You know, the challenge I have as an educator is getting them to do the thing.

Yeah.

Right?

Just in what you said, the last like 60 seconds, if someone would just go back and listen to that and do that, that's all they need.

It's just doing the grunt work. You know, it's like doing the work that's not sexy.

That's where the money is. Like looking, I guarantee like people, most of the people, they don't even look at their financials at all during the year.

They just send it to their accountant. If you did that, like I guarantee anyone listening to it, if you looked at your financial once a month, your P&L statement and your balance sheet once a month, I guarantee you're going to make at least 10%, 15% more just by looking at that and reviewing it.
I guarantee. Yeah.
But people don't want to do that because it's the boring stuff. But that's where you make the money.
It's doing the boring stuff. Well, and it's not in Shrad, you and I should put together some sort of financial class or workshop because part of it is they don't want to do it is because they don't know how.
They don't know what they're looking for. I'll be honest.
I've coached thousands of people to start in real estate investing, to go get their first deal or second deal or third deal. A lot of them don't even know what a P&L is.
They don't even know what it stands for. They wouldn't know the first thing.
Now, I don't criticize them. That's actually our schools.
That's our schools issue. Our education space, the formal education is garbage.
For people to be able to go to college and not know what a P&L is, regardless of them being an English major or not, they should have some business acumen, right? At some level. But I mean, I'm not joking.
Maybe you and I need to create like a

financial literacy course just to say, guys, if you're going to do this business, treat it like

a business from the day one, meaning account for the real cost of your business. Even if you're

just starting and you're, let's say you pull this from ReSimply. By the way, go to ReSimply.com.

It is an incredible software

big promotion for uh rashad and in like i can't speak enough to re simply so go to re simply.com check it out right now the point i'm making is even if you pull this the let's just say reverse mortgages or notice a default and you door knock well your gas and your mileage of that car is an expense to the company. You need to understand that because that is a tax write-off.
And I'm all about helping people earn a lot of money, but now I'm at a phase that I want you to earn a lot of money, but I want you to keep the money you earn. I want you to actually just have to go pay it.
Go ahead. Oh my God.
That's what I preach all the time. I ask investor, would you rather have a million dollar top line business, but you're only making like 50, 200,000, which is true for a lot of investors, or would you rather have seven, $800,000 business, but you're netting two, 50, $300,000? I would any day take that business.
Less headache, lean business, but people just go about the top line number for some reason, because it's the vanity metrics. It's a vanity metrics.
It's just like, that's where people feel like, oh, I can put it on my Instagram. I can just talk about this, but you got to look at how much money at the end of the day, you got into the business for freedom of time and money, right? How much money you're making from the business.
If you're just showing million dollar top line revenue, but you don't have anything to take home,

what's the point of running the business?

It's not even a business.

It's a job that you've created for yourself

where you're not making any money.

So that's one thing like across the board,

people that are doing consistent deals,

that's something they look at.

They're very, very strict about looking at their financial,

looking at their data, looking at their KPIs,

like knowing exactly what's making money. It's like, for example, put it in a different context like someone who wants to lose weight right they're 300 pounds they want to get to 200 pounds so they know the goal is to get you know lose 100 pounds they're two variables you go to gym you work out and then you eat healthy there's like that's it they're just two variables if you're not going from 300 200 pounds one of those variables has off or both of the variables has off either you're not going to gym or you're not eating healthy you could be going to the gym but you're having a mcdonald's after every workout it's not going to help you so you it's the same thing in business like you consistently market consistently follow up and consistently track your kpis and just keep reiterating the process you're gonna have such a profitable business it's incredible like I flip about 20-25 houses a year and I have not looked at any of my flips I've not stepped foot in India any of my flips in last four or five years but we've built systems and processes I make all decision based on the data on the KPIs and that's what we noticed across the board, investors that are successful are doing that.
They're focusing on, hey, how much net profit does the business have? It should not, the top line revenue should not come at the expense of the net profit for the business. If they want to make extra $100,000 top line, then they at least they want to keep their net profit percent at 25 to 30 percent.
Otherwise, that's not worth it. What's the point of making extra $100,000 when you're spending extra $100,000? I would rather not do that because then your other costs in the business are going to go up.
Yeah. And Sherrod, you said something that's so important is people, they have this timeframe of when they expect the result.
And so I have five laws of success. And a lot of the listeners have heard me say this time and time again, but the fifth law of success is remove your time expectation on the result.
And if you can do that and just keep doing the thing that gets the result, then to your point, Shrad, you're going to win. You're going to actually that day that you're going to look up and say, Oh my God, I just made seven figures or I built the business or I could quit my job or whatever the thing is.
But I see this all the time and I'm sure you do too. They get so caught up and let me go get a deal in 30 days.
Sherrod, I'm going to go pull a list from Resimply and I'm going to go door knock or cold call or text. And then they don't get a deal in 30 days and they basically just check out out.
I'm sure you have to even measure their usability on Resimply and be like, yeah, after 30 days, they stopped logging in. They do.
Yeah, it happens so much. And it pains me that people are not consistent enough.
And I think they said, to what you said, Justin, it's so true, they set wrong expectation. They hear someone know getting their first unit 30 days 60 days

and that's the that's the milestone that they set for themselves if they don't get it in 30 days

they're like it doesn't work it's like going back to the example of losing weight like someone

who wants to go from 300 to 200 pounds like someone may have done it in three months or six

months but they were like in the gym for you know two times every day like 10 times a week they were

just like they went on this crazy diet you have to ask yourself like am i willing to do that

All right. in the gym for, you know, two times every day, like 10 times a week.
They were just like, they went on this crazy diet. You have to ask yourself, like, am I willing to do that? Like, or am I okay, like losing the same weight in a year? You know, then you have to decide for yourself, just because someone got a deal in 30 days, you know, you don't know what marketing they did, how much time and effort that they put in, versus like, if you only have like a couple of hours, you know day and then sometime on the weekend then you've got to set your expectation maybe you give yourself six months to do that and you're bringing some of the systems and process and like someone to answer calls for you some you know a VA to do some of that thing people don't do that they they look at like the best case scenario what someone else has done and that's what they want they don't see all the effort that went into and all the grind that went into it for someone to get that result but they just they just want the result they want to skip over all the effort that went into that just happens so so often and it's just like you see these people come in try for 30 days cancel and then two months later they'll come back again try for another 30 days and then it just but unless you change the input, unless you commit to being consistent for three to six months and have a plan that you're going to follow, it's not going to work out.
You may get lucky every now and then. You just happen to call someone who was just motivated or you happen to send a direct mail to someone who just happened to be motivated and you may get lucky, but it's not going to happen very often.
Exactly. Now, Sherrod, you're flipping about 25 homes a year and you're fix and flipping them.
What are you seeing right now in the fix and flip world, the market, your listings? Are things still moving for you because you have a right price point? What are you seeing right now? Yeah, I mean, things are still moving because we're at the right price point. So I live in San Diego area, but I flip right out to the Chicago market in Indiana, Northwest Indiana for anyone that's familiar.
So for us, if the house is under like 250 or lower, it definitely moves fairly quickly. If it's a decent finishes, because what happens is like these houses qualify for FHA.
But someone, let's just say, who's buying a $200,000 house, they'd really have to come out of pocket about $7,000, $8,000, you know, 3.5% down. And then we can give them some credit on the buying side.
So they really are coming out of pocket like $3,000, $4,000. And their mortgage is going to be as pretty close to the rent, if not lower than what they would pay for the same house to rent that house so for those kind of houses it's really moving very fast it's the houses once you start getting a little at least in our market once you start getting a little bit higher up in price houses don't qualify for fha that's where we notice you know it could take a little bit of time but we're hyper focused on that 250k resale price or below that's like250K.
That's our sweet spot. That's where we notice how it's moving fast.
If they can qualify for FHA, they have decent finishes. Then that's where we don't have any issues selling.
Yeah, I like that price point for a couple of reasons. For me, I like that price point because it's a good flip and can be a good rental if you need it.
Exactly. Right? Exactly.
So if the market really changes, you're like, all right, well, I'm just going to hold this one. It's not sexy and I may not be making a big payday, but you're not going to lose your ass either.
Like no one went bankrupt buying a $150,000 home. Like it just doesn't happen.
Right. And so I like it.
I teach that. I say, you want to see in a price point where you have two exits.
So everything I buy, I need to have two exits. The margins need to be good enough for me to flip it and to rent it, including the apartments I buy.
So when I buy an apartment, I want to make sure I can stabilize it and turn it in a way that if I decided to sell it within a 24-month window, which isn't favorable for tax reasons, but if I did, that there would be margin there to flip it. Same idea.
Absolutely. Absolutely.
Absolutely. Yeah.
So I also own a turnkey business. And that's one of the things we look at.
If for some reason, we're not able to sell to a homeowner, do we have an exit of selling it to a turnkey, provide a turnkey buyer, or worst case, can I hold it and still cash flow? Maybe not as much as I would have liked, but it's still, it's not costing me money. And then I could just hold it for some time until the market turns and then sell it.
But we have not run into that issue. I mean, if you're in that price point, where if it's an FSA buyer can buy the house and then it's a good area, then you should not have a problem selling the house.
And so are you primarily just using direct mail? Direct mail and PPC and Paperly. But I would say if I pick one marketing channel, it's the direct mail that tends to be the most consistent for us.
And how much do you typically use? We spend about 12,000 to 13,000 mail pieces every six weeks. Nice.
And, you know, I've i've done a lot i mean tens of millions of dollars in direct or tens of millions of mail pieces um and what i found is a lot of people walked away from it when pbc became big and i'm starting to sink and maybe you could tell me that the the callback ratio is starting to pick up again because it got so overly saturated our call ratio went like a one percent callback ratio went down to like a quarter of one percent yeah right is it starting to crawl back up because everyone's doing ppl and ppc and cold calling and not doing direct mail yeah i mean it's the i would say the quality of leads has good. It's not always the quantity of leads might not be that good, but the quality of leads is good.
It's become less

competitive in direct mail for two reasons. One, people are shifting more to inbound marketing,

like what you said, PPC, PPL. And also, as you see more regulations with texting and cold calling,

it's becoming a little less competitive on the direct mail side. You know, people that used to previously do cold calling and texting, direct mail is a little bit more expensive.
Martin's trying to get into the cost has gone up, like the bolster cost went up again like last month. So it's a little bit more expensive, which is good for experienced investors because then there's less competition.
And homeowners were previously, you know, bombarded with cold calls and especially techs. And as that has died down now, you know, people have a little bit more bandwidth to for more outbound marketing like direct mail.
And then PPC and PPL are also consistent. But again, if I really, really had to pick one marketing channel that I would do,

I would pick, personally, I would pick direct mail just based on our marketing and then looking at other investors in our database. Now, how many clients do you have on recently? We have over 1,600 companies.
Nice. And so with all that kind of intel and data, right, would you suggest a newer investor, fix and flip, wholesale, buy and hold, all of the above, where would you kind of suggest a investor should be starting? I would say wholesale would be, I mean, if you have some knowledge and experience of managing rehab, then fix and flip.
And if you can get the money, then fix and flip would definitely give you the best chance of making money. But if not, like generally looking at newer investors, they don't have the resources.
They don't have the skill set of managing rehab. I would say doing wholesaling would be the right way.
But with the long-term goal of building passive income, like buying more buy and hold. So if you're doing wholesaling or doing fix and flip, like I would set a goal off for every 10 houses you wholesale or fix and flip, keep one for yourself.
So you're just continuously building your passive income. But if you're starting out, wholesale is what I would say people should start out with because you don't need a lot of money in it.
And then you can easily partner up with an investor who can help you kind of get to the finish line on a couple of initial deals so you can, you know, work with a coach. I mean, that's one thing.
If I could go back, one thing I would change is work with a coach. I think that would speed up my so many years off, like, you know, things that I went through building my own systems and processes.
I think that would just help my learning curve go much, much faster. So if I could go back, that's the one thing I would change is like work with a coach and then commit to the systems and processes that they have and things that are working rather than making my own mistake.
If I can learn from mistakes of other people like yourself who've already done certain things and you know, hey, this is what works, this is what doesn't work, it will save me so many months and years of hassle that I had to go through to figure that out. So that's what I would change and just be consistent with it and then have someone to ask questions to, like work with could the coach join masterminds or do those sort of things? Yeah, I agree 100%.
I have a rather large budget still, still today. I invest in coaching and masterminds and we're a part of a mastermind together, right? I mean, I believe in coaching at such a high level.
Yes, I'm a coach. But for all those out there that are trying to do it themselves, I'll tell you one thing.
You need to respect your time more because tomorrow's not guaranteed. Next week's not guaranteed.
Next month, you need to get to the head of the line. I use Disney World as a great example.
General admission ticket versus the VIP ticket. One, you get to save a couple bucks.
You ride four rides. The other, you spend a little bit more money, but you ride 10 rides.
What would you rather do? You're in the world. You want to ride 10 rides, right? So I just, I'm such a firm believer.
I appreciate you bringing that up because there's so many people who, oh, I can go to YouTube University and figure it out. Or Justin, I listen to your podcast.
I know enough. It's not coaching, right? It's not really someone coaching you.

Yeah, I was literally, before this podcast, I was on a call with my business coach.

And I pay a lot of money to him.

But man, every time I do a call with him, I feel like this is so worth it.

Like this is so, so worth it.

Like the things that I would like spend months figuring out, he can help me resolve in an hour.

It just, I'm like, this feels so good after the call call it just gives me so much energy to be able to do that and the mastermind we're in like you go there you come out of it so energized so full of ideas it's it's incredible it's like hard to explain like the value that you get out of it until you actually do it but once you do it and you're like man how is it running my life my business without ever doing this it's's just like you have to kind of experience it. And then there's no way you will ever go back.
It's impossible to ever go back. That's exactly right.
Sherrod, what last words would you say? Like, first of all, I want everyone to go to resimply.com. This is a platform that I just believe, regardless of you being a newbie or a seven-figure-a-year earner, a big team, or just a solopreneur, this service is top-notch.
It is top-notch for the space of real estate investing. Gerard is a real estate investor.
It was built from a real estate investor. He founded this company.
It's built for us by us type of thing. I appreciate you bringing something so good and so much value to our world like Resimbly, dude..
Thank you for that. And everyone needs to go to ReSimply.com now and check it out and just get it, right? It is phenomenal.
But what party words do you have for us, Shrod? Man, I would say like if you take away anything from, you know, everything Justin, you and I talked about, I would say like just be consistent and, you know, be okay with doing the hard work. Be okay with doing the hard work because the reward is going to be 100% worth it.
Like what you mentioned, it's like the grind that you do. Like it's just don't focus on the sexy stuff.
Like don't focus on, you know, yes, of course you want to get to like seven figure, you know, but you can only get there by putting in the hard work. And if I could just give you one word to get to that, it's be consistent, just be consistent.
And that you'll be amazing. You'll be amazed at how much progress you will do in like six months.
If you're consistently doing small steps day in, day out. Yep.
A hundred percent. If you don't expect the result, then you'll stay consistent because you're going to do it as fast as you can.
Absolutely. Well, Sherrod,

I appreciate you showing up. Thank you for creating such a massively impactful system

for us real estate investors with resimply.com. Go check out resimply.com.
Make sure you get that.

And if you enjoyed anything here and you took something from it, make sure you share this episode with at least two of your friends. I'll see you guys on the next episode.
Thanks, Justin. Peace.
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