Welcome back to the show! Today, I bring you another epic interview. This time, I get the chance to speak with Scott Smith of Royal Legal Solutions. If you're a real estate investor, Scott's business is a one-stop shop; he handles all kinds of legal issues that come up with real estate investing.

Tune in to hear this really high-value episode and don't forget to take notes!

Minute Markers:

[03:54] Scott describes his core team in Austin, TX.

[04:29] Defining his ideal client.

[06:10] His current holdings and what made him get into real estate investing.

[09:10] Why people are mistaken about lawsuits.

[11:43] How Rich Dad, Poor Dad influenced him.

[18:26] Why the commercial space is so hot right now.

[20:47] Why outsiders have the most sound advice.

[24:30] Belonging to a group.

[27:20] Why energy and intelligence aren't everything.

[29:07] Finding a repeatable model of success.

[33:15] The damage other people's pain and fear causes.

[37:25] Scott's favorite app.

[40:34] How much sleep Scott tends to get.

[42:15] The book Scott is reading right now.

[44:50] Why family is important.

[49:50] Forming a non-profit.

Royal Legal Solutions

GoBundance Mastermind

HabitBull

The Four Disciplines of Execution

Want to get in touch with Cory and ask him your most burning Real Estate Investing question? We've made it super easy for you. Just head over to our Ask Cory A Question page and start recording. Cory will play your question live on an upcoming show and answer it personally.

Name some folks I should get on the show! Hit me up:support@realestateinvestingprofits.com and I'll do my best to get them on.

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Welcome back to the show, my party people! It's been a while since the last episode, so I thought we'd dive right back in with a really hot topic: Residential assisted living.

My guest, Gene Guarino, an expert in the field, is going to explain to us how we can turn a residential home into an assisted living facility. It's a fascinating conversation and what he has to say will blow your mind.

Tune in to hear how many ways you can skin this cat!

Minute Markers

• [03:45] Gene introduces himself and describes his ideal client.
• [04:55] His foray into the world of assisted living facilities.
• [06:48] Gene's prior career running a music school.
• [08:51] Why cash flow is better than equity value.
• [10:05] Gene's big challenges getting into the assisted living business.
• [15:04] Your best asset as a businessperson.
• [16:01] The two parts to what Gene does.
• [17:15] Shooting for 20-30% profit.
• [19:41] Clarifying the terms of this business.
• [22:46] Gene's favorite motivational quote.
• [23:07] Gene's book recommendation.
• [24:15] Gene's favorite app. Tunity
• [26:28] Why he chooses to work in the assisted living field.
• [27:12] What makes him feel grateful.

RAL 101

Cory's Coaching

Unlimited Selling Power

Tunity

Want to get in touch with Cory and ask him your most burning Real Estate Investing question? We've made it super easy for you. Just head over to our Ask Cory A Question page and start recording. Cory will play your question live on an upcoming show and answer it personally.

Name some folks I should get on the show! Hit me up:support@realestateinvestingprofits.com and I'll do my best to get them on.

Did you get your FREE investing guide?

TEXT the word PROFIT (38470) to immediately receive your FREE Investing Quick Start Guide!

JOIN The Elite Real Estate Investor's Board of Directors

http://JoinMyMastermind.com

Please check out our website, realestateinvestingprofits.com for the "Down and Dirty" Ultimate Real Estate Investing Quick Start Guide download.

Today, I speak with Lee Arnold, someone I've known for about a decade. He is someone I hold in high regard and respect him for his ability to have built his business based on biblical principles.

We discuss how his personal history led him to his current career, as well as how his faith guides him in business. We also talk about his experience with code enforcement and abatements.

Tune in to hear Lee's story and what he does at Cogo Capital.

MINUTE MARKERS

• [04:00] Lee calls in from the small town of Coeur d'Alene, Idaho.
• [05:50] Lee's educational and professional history.
• [07:45] Discussing how and to whom his business lends money.
• [10:28] Why Lee dropped out of college sophomore year.
• [12:12] How his mother and the community supported his entire family for two years.
• [15:45] How Rich Dad, Poor Dad influenced his outlook at an early age.
• [19:55] Being in the right place at the right time with the right people.
• [20:28] Lee's first experience with the code enforcement/lien abatement process.
• [26:55] Why and when you should focus on properties already producing income.
• [29:35] Making sure you have a bedrock.
• [32:04] Why making money caused Lee to backslide.
• [34:18] Why banks don't see this business as a legitimate one.
• [38:55] Lee's three favorite books.
• [41:25] Why Lee bought SendFuse.
• [42:45] His and his wife's experience having children.
• [49:45] The importance of mentorship.
• [53:27] Why raising money is the scariest thing you can do.
• [53:28] What Lee's business is doing at present.

Quotes:

And that's the secret sauce: If you'll simply find good deals, then money will readily be available for those things.

The best predictor of future performance is past performance.

Cory's Coaching

How to Win Friends and Influence People

Life is a Series of Presentations

Predictably Irrational

SendFuse

Cogo Capital

Want to get in touch with Cory and ask him your most burning Real Estate Investing question? We've made it super easy for you. Just head over to our Ask Cory A Question page and start recording. Cory will play your question live on an upcoming show and answer it personally.

Name some folks I should get on the show! Hit me up:support@realestateinvestingprofits.com and I'll do my best to get them on.

Did you get your FREE investing guide?

TEXT the word PROFIT (38470) to immediately receive your FREE Investing Quick Start Guide!

JOIN The Elite Real Estate Investor's Board of Directors

http://JoinMyMastermind.com

Please check out our website, realestateinvestingprofits.com for the "Down and Dirty" Ultimate Real Estate Investing Quick Start Guide download.