There are multiple ways to succeed in the real estate business… investing in home construction, hard money loans or even investing online can have a lot of power if you do the correct process and focus on your goals. But how exactly can you make millions of dollars in real estate through syndication? Income Hacker is here to help you understand this and show you how to do it!
Meet Todd Dexheimer: a former high-school teacher and income hacker that has made 35 million dollars in real estate, has sold more than 500 units, and specializes in locating and analyzing properties and bringing private investors into his deals. Dexheimer fixes and flips properties, revitalizes housing and engages communities in multiple states through his real estate company, Venture D.
In this episode, we will merge into the syndication world along with Todd. We’ll learn the importance of finding something you’re good at and getting better at it, getting involved or partnering with other people, making relationships, and most importantly, being intentional about it. Besides owning and managing Venture D, Dexheimer is a real estate coach at coachwithdex.com and hosts his own show: Pillars of Wealth Creation Podcast. Tune in and find out how to determine the very best markets to invest in, multi-family syndication, and much more.
Podcast Summary:
- 02:49 - Todd’s principles on finding a good market and suggestions for real estate brochures.
- 08:29 - Why it’s all about velocity when it comes to fix and flip and the art of seeking growing neighborhoods with fantastic strategies.
- 10:19 - How education and networks are required to step up to multi-family.
- 17:26 - A lot of people are currently doing deals because they think they have to, as a result of acquisition fees.
- 19:59 - Todd’s suggestions for ways into syndication through passive or active methods.
- 27:04 - How a lawn-mowing business was Todd’s first income hack.
- 28:04 - Shifting your mindset and developing your entrepreneurship and desire through books and curiosity
- 31:19 - Todd’s advice for not committing his first income hacker’s mistake: Having a solid pre-selling contract to avoid some nasty results.
- 36:39 - Setting tasks around the house to create income as Todd’s way to educate his kids, and other lessons.
- 37:59 - Why creating a ton of value and a positive impact on as many people as he possibly can, is Todd’s main motivation.
Episode Resources:
How to win friends and influence people by Dale Carnegie
E-mail marketing App Mailchimp
Rich Dad Poor Dad by Robert T. Kiyosaki
Want to learn more?
Join Ryan on our next webinar to learn how you can start real estate investing with The Investor's Edge.
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