Uncontested Investing

Short Term Rentals and Their Potential with Fouad Bazzi

Tue, 27 Dec 2022 14:59:00 GMT

Fouad Bazzi is the owner of Crescent Retreats in Huntington Beach, CA, and Scottsdale, AZ. His luxury short-term rentals are crushing the markets today and he is on the show to give us a little insight into how he was able to make it happen in less than a year.

Watch now to learn more about Fouad, his luxury brand, and the process that led him to where he is today!

Key Talking Points of the Episode

[00:00] Introduction

[00:40] Who is Fouad Bazzi?

[02:03] What does Fouad look at when evaluating deals?

[03:51] How did Fouad establish the luxury standard for his rentals?

[06:15] How did Fouad get into short-term rentals?

[08:50] How does Fouad’s philosophy help him succeed?

[09:35] What made Fouad expand into Scottsdale?

[11:20] How will the Superbowl impact Fouad’s business in Scottsdale?

[14:10] How does Fouad track and manage all his rental properties?

[17:06] How does Fouad manage customer communication?

[19:01] What is guiding Fouad in running Crescent Retreats?

[21:40] What market is next for Fouad?

[22:48] How does Fouad handle liability for his rentals?

[23:49] How much time does Fouad have to spend in his rental properties?

[25:09] How do interest rates affect short-term rentals?

[27:09] What does Fouad’s agreement with his investors look like?

[31:10] What does Fouad have to say to aspiring investors?

[33:03] What is the importance of taking uncomfortable action for your success?

[36:31] How do masterminds help business owners stay accountable?

[39:44] What part of the business makes Fouad want to give up?

[40:40] Why is balance important in building your financial future?

[42:15] What part of the business keeps Fouad going?

[43:39] How can you connect with Fouad?

Quotables

“I’ve been around long enough to know that nothing is sustainable if not everybody around you is happy.”

“I stay true to my core values – health, love, peace, time, and travel.”

“You gotta stay true to your core, you gotta know exactly what you want and what drives you, and then it’s authentic.”

“When you really push past what you’re capable of and you take uncomfortable actions, the sky’s the limit.”

“When you’re getting started as an entrepreneur, is occupying as many quadrants as you can at the same time because then, you’re less at risk of failure.”

Links

Website: RCN Capital

https://www.rcncapital.com/podcast

Website: REI INK

https://rei-ink.com/

Instagram: Crescent Retreats

https://www.instagram.com/crescentretreats/

Instagram: Fouad Bazzi

https://www.instagram.com/fouadbazzi_airbnb/

_____________________

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How to Fast Track your Financial Success with Casey Quinn

Tue, 20 Dec 2022 11:00:00 GMT

As Co-Founder and CEO of CityLife Realty Group, a real estate investment company located in Pittsburgh, Pennsylvania, Casey Quinn is not your average real estate investor. In his chat with host Tim Herriage, shares the strategies and methods that fast-tracked his financial success in real estate investing. He emphasizes the value of having a team and highlights the importance of chasing happiness, whatever that may mean for each individual in the organization. Learn the basic principles and values that Casey instills in his approach and the culture he builds for his organization. There’s a lot to learn from Casey and his way of managing, investing, and planning for the future. Tune in to learn all about it.

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Naaman Taylor On Building Wealth As An Army Veteran-Turned-Real Estate Investor

Tue, 13 Dec 2022 11:00:00 GMT

Being in the army is a patriotic duty that gives you overflowing pride, but time will come and you need to move on from the service. Going into real estate is one of the best investments a veteran can do, given its wide variety of assets and available opportunities. Many retired soldiers only don't know about it because they're not exposed to it. Our guest made it his mission to educate and expose the power of real estate investing to his fellow veterans and how to grow steady revenue with it.

Join Tim Herriage as he talks to the CEO of Marching Time Capital and real estate soldier, Naaman Taylor. Listen to his journey from serving in the United States Army to getting into the real estate industry. Discover how he grew his wealth by learning wholesaling, fixing and flipping, and more. Learn why education and community are important in this career, especially for up-and-coming real estate investors.

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All Things Real Estate: Getting Started, Scaling Your Team, And Living The Dream With Jason Mcdougall

Tue, 06 Dec 2022 11:00:00 GMT

Finding opportunities in the market has always been hyped and encouraged—but it is actually as challenging as it is dreamy. In this episode, Jason McDougall shares with us his financial journey and all the gold nuggets he got in real estate from learning the hard way! Jason is a DFW All-Star, real estate investor, and founder of Next Era Home Buyers. How do you pick a market to focus on? Why is success in social media not as perfect as it seems? How do you gain freedom from real estate? Tune in and learn all about getting started in real estate, scaling your team, and ultimately, living the dream!

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Renters Warehouse: Leveraging Your House To Generate Income With Noel Christopher

Tue, 29 Nov 2022 11:00:00 GMT

When you own the house, you can’t generate wealth from it if you don’t leverage it. In today’s society, where people are moving five to ten years from now, how can you create wealth by owning that house? In today’s episode, Noel Christopher, the Senior Vice President of Renters Warehouse, shares his insights on homeownership and how you can leverage your house to generate income. Tune in and learn more about how you can optimize homeownership and create a long-term investment plan!

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Operating A Real Estate Business With Rob Fuller

Tue, 22 Nov 2022 11:00:00 GMT

Are you one of those that have a real estate dream they want to realize but just don’t know how? Then this podcast is for you! Join us as Rob Fuller, a real estate developer, investor, and visionary, shares his journey on getting into the business of buying and selling homes and gives exclusive takeaways on operating a real estate business!

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Invest In Yourself: Building Up Your Fundamentals So You Can Find Success In Your Industry With Jason Matthews

Tue, 15 Nov 2022 11:00:00 GMT

If you really want to succeed in your industry, you need to have a knack for learning. The ability to just constantly educate yourself. Read every book, do research, get mentors, or listen to podcasts. Do what you have to do so that you can succeed and don’t make mistakes. Strengthen your fundamentals and move up from there. Join Tim Herriage as he talks to real estate executive Jason Matthews about his journey into real estate development and construction. Discover how he did it by investing in himself. Learn how he put some of his sports philosophies into creating a successful business. And find out how Jason is helping ethnical minorities break into the real estate industry. Start educating yourself today!

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How To Raise Money To Get Through Tough Times With Brandon Brittingham

Tue, 08 Nov 2022 11:00:00 GMT

With the current market we’re dealing with, raising money is a challenge for everyone, especially the investors. Many business owners make a mistake as they walk on a journey of a sale’s mind instead of walking through a consumer’s mind. In this episode, Brandon Brittingham shares how you can raise money with a business owner mindset to get through tough times. He also shares his experience on how he was willing to gamble to build a massive brand in the first recession. Tim Herriage took the chance to squeeze out some more insights from Brandon, not only about how he maintains trust from an ethical point of view but also how it impacts doing business. Tune in to this episode to gain more gems of wisdom from Brandon.

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Finding Experience And Success In Wholesale Real Estate With Gonzalo Corzo

Tue, 01 Nov 2022 10:00:00 GMT

Experience is the best education you’ll ever have. Gonzalo Corzo is well familiar with this. Instead of taking the college route, he started his real estate career by working for a wholesale realtor brokerage for free for a year and a half. Soon after, Gonzalo equipped himself with the knowledge that came from that experience to grow and become a successful real estate investor. He is now the President of Cash Geeks and Host of The Cash Geeks Network Podcast, where he is not only investing but also helping others find success in the industry. Gonzalo joins Tim Herriage in this episode to take us deep into his journey, his thoughts on the ESBI Quadrant, and his advice to investors out there looking to succeed. He then discusses more wholesaling, selling to hedge funds, and transitioning to flips.

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Why It’s Dangerous To Be Overleveraged In Real Estate With Dylan Tanaka

Tue, 25 Oct 2022 10:00:00 GMT

Leverage can be a good thing for your real estate business because it allows you to do a lot more than you can by simply using your own resources. But too much of a good thing can also be bad. As a new investor, you need to learn that you have to be careful with leverage because when you get overleveraged, that’s when you get into trouble. To actually run a successful real estate business, or any business for that matter, you have to build cash flow in one way or another. That’s what today’s guest, Dylan Tanaka, has to say to anyone who’s trying to build a real estate business in this rapidly shifting market. Dylan has been in the business for over 20 years, so he clearly knows what he’s talking about. In this episode, he talks about his observations and predictions of the real estate market in Metro Detroit and beyond, his ideas on the importance of relationships and active listening, and a lot more. Tune in to hear more of his insights!

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Consistency Mindset: From Delivering Pizzas To A 9-Figure Real Estate Career With Pamela Bardhi

Tue, 18 Oct 2022 10:00:00 GMT

Real estate is the industry that creates the most millionaires. But in order to break into the industry, you need the right mindset. You need consistency. Real estate markets are changing constantly, so you need to be prepared to pivot and you need to be consistent at that. That is why it’s important to start at your niche, and then you can build from there. Join Tim Herriage as he talks to real estate and life coach, Pamela Bardhi about how she went from delivering pizzas to creating a 9-figure real estate career. She was also featured in Forbes and Time Magazine at 27 years old. Discover how she made it in this industry by having the right mindset. Find out why real estate is really just a numbers game and how you can really know your math. Also, learn why you need to focus on your niche first before you branch out to other markets. So what are you waiting for? Go out there and start hustling.

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Optimizing Your Real Estate Business To Live Life To The Fullest With Chad Weeden

Tue, 11 Oct 2022 10:00:00 GMT

There's nothing wrong with working hard to grow your business. But as Tim says, the business is the vehicle, not the dream. One man who's got that concept down is Chad Weeden of Fusion Real Estate Investment Group. In this episode, Chad talks with Tim Herriage about how he's optimizing his real estate business to make time for what matters most: family. By automating processes, getting marketing down, and having a trusted team, Chad has built his business to function in a way where he can make spontaneous plans and still get things done. He even spent a month vacationing without his business missing a beat. If you want to learn how he did it, tune in to this episode! Be moved by Chad's philosophy and learn the strategies to help you live life to the fullest without compromising the growth of your business.

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Playing The Long Game In Real Estate, Running A Short-Term Rental Business, Thoughts On The Housing Market, And More With Kevin Lee, Insightful REI

Tue, 04 Oct 2022 10:00:00 GMT

The housing market isn’t in its most pristine state now, and many investors are running away or else crouching in a corner until times get better. Not Kevin Lee. Despite everything that’s going on with high interest rates and inventory problems, Kevin stays optimistic that he can make the most of the opportunities out there. In this conversation with Tim Herriage, he talks about his philosophy of playing the long game in real estate, his tips on running an Airbnb business, and his general thoughts on the state of the market and where the opportunities lie. Kevin also shares with us a powerful message on how following your passion will help you achieve the financial freedom through real estate. Tune in for a quick hit of wisdom and inspiration from an insightful REI expert.

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Measuring Risk and Reward In Today’s Market With Josh DeShong

Tue, 27 Sep 2022 10:00:00 GMT

The real estate market is shifting, which could mean different things for different asset classes. How do you measure risk and reward for your investments? Here to help guide you is Josh DeShong, the Founder/Investor/Chief Problem Solver at Josh DeShong Real Estate. Josh joins Tim Herriage to share why it's essential to understand the risk and rewards of every investment as we approach a change in the market. Some will do better, and some won't. Don't miss this episode so you can ready yourself with valuable expert tips and insight.

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Investment Insurance: Do’s and Don'ts For Your Real Estate Business With Corey Maxwell

Tue, 20 Sep 2022 10:00:00 GMT

The market is about to shift, and you have to be ready. Investment insurance is one way to do that. In today’s episode, Tim Herriage chats with Corey Maxwell, Co-Managing Partner of Birmingham Insurance Group. With volatile market conditions, you must start thinking of ways to protect your business and assets. Corey is here to share his wisdom on how you can do just that. Plus, he gives valuable insights on what you should and shouldn’t be doing for your business to succeed. Don’t miss the golden nuggets from this episode, and tune in to get practical tips and mindset strategies that will position you for success.

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Making Connections And Recognizing Opportunities In The Real Estate Industry With Zach Coppinger

Tue, 13 Sep 2022 10:00:00 GMT

The real estate industry is broad and is divided up into different specialties. With that, you have a lot to learn to see how it works and strategies you can execute to build your portfolio and succeed in the real estate world. Listen to this episode as our guest, Zach Coppinger, shares valuable insights into building your network and recognizing opportunities in the real estate world. In today’s market and economy, you should know which things you should focus on regarding investments, so Zach gives an overview of what you can do to keep your business moving forward. He also discusses how you can manage labor and material costs. Tune in to learn more about the marketplace and how to attract potential clients.

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How You Can Fix And Flip Around Market Shifts And Why Local Flippers Are Crucial To Solving The Inventory Crisis With Kurt Carlton

Tue, 06 Sep 2022 10:00:00 GMT

The state of our economy today is an open book and we see the hit everywhere. But how has it been in the real estate space? Specifically, how has it been in the fix and flip niche? In this episode, Kurt Carlton, President and co-founder of New Western, talks about market shifts and the several factors affecting the real estate market. He also shares insights on what the current inventory crisis is really looking like. Tune in and learn more about initiatives for fix and flip developers and how you can battle inflation and hustle your way to the top.

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Recession-Proof Real Estate Investing: Getting Creative With Probate Properties With Al Nicoletti

Tue, 30 Aug 2022 10:00:00 GMT

Things aren’t exactly breezy in the real estate market right now, so you have to get creative when it comes to investing. There are niches out there that are relatively untapped and yet are virtually immune to recession. Probate properties is one of these niches, and this is what Al Nicoletti specializes in. In this conversation with Tim Herriage, Al talks in detail about the journey he took in real estate and how he eventually found his niche in probate properties. He also tells us crucial things any investor who’s thinking of giving probate a try should watch out for. Tune in and learn how creative thinking can get you success in real estate even when inventory is at an all-time low!

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The Importance Of Establishing Systems And Processes In Real Estate With Casey Smith

Tue, 23 Aug 2022 10:00:00 GMT

Systems and processes are essential because they are the veins that allow the flow of work to be efficient. Just like in any other business, real estate investors need to establish systems and processes, too. In this episode, Dallas real estate investor and the Owner/Operator at Atlas Transaction Coordinator Services, Casey Smith explains how systems and processes are essential to any business and how they have been very important to hers. She explains why you need to treat your investments like a business. She also shares why delegating tasks, doing a SWOT analysis, and learning continuously are vital to your survival as a business owner. Tune in and gain insights that will help you take your business to the next level!

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Real Estate Is All About Taking Action: Real Estate Strategies And Tips From Jawad Dashti Of TooDash CRE

Tue, 16 Aug 2022 10:00:00 GMT

If you want to succeed in real estate, it’s not enough to sit on the sidelines and learn everything. If you don't put all of that knowledge to work, you're not going to be able to do anything. You have to take action. Jawad Dashti the owner of TooDash CRE, likens it to playing Monopoly without knowing the rules. In this episode of Uncontested Investing, Jawad sits down with Tim Herriage to tell us how exactly this works for him. He also talks about making the “safe bet” in real estate and why you don’t have to aim to beat the bigger players all the time. Tune in and get some real, actionable tips that will get you going on real estate even through these trying times!

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Why Vertical Integration is Crucial for Growing your Business with Josh Wilson

Tue, 09 Aug 2022 10:00:00 GMT

What is it like to make a ton of money and grow companies that weren't yours? Our guest, BRRRR method expert Josh Wilson, knows what that feels like, and it became the turning point for why he started figuring out ways to buy real estate. In this episode, Josh talks about how he started in property management. He shares how he discovered the BRRRR method and incorporated it into the vertical integration model. Over the years, Josh has turned $150,000 into over $15,000,000 using the BRRRR method. He now runs a BRRRR Bootcamp that helps other budding investors learn the ropes of the business. Join in and learn how he does it!

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Relationships are the Key to Longevity in Real Estate Investing With Adonis Lockett

Tue, 02 Aug 2022 10:00:00 GMT

Value every relationship that you make in real estate. It's not about how much money you make. Real estate investing is a numbers game in a people business. You need to pay people what they are worth. You never know when you might need them again. Join Tim Herriage as he talks to the Director of Operations at LNH Capital and myRE360, Adonis Lockett about valuing the relationships you created in real estate investing. Learn more about myRE360 and why you need to use it for real estate investing just how you use Uber for getting a ride. Discover the importance of face-to-face meetings so that you can build that relationship. Start going out and meeting new people today!

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How Instant Gratification Effects The State of the Market With Suzanne Andresen

Tue, 26 Jul 2022 10:00:00 GMT

Most real estate investors find it difficult to source their assets for their portfolios and forget to make sure they do the appropriate due diligence. In this episode, Suzanne Andresen shares some advice for the investors and explains how important correcting your due diligence is. She also talks about your lifestyle choice and how it affects your property to be under equity. Listen to this episode and hear what tips Suzanne provides for investors. Plus, she explains what the REI Referral Network is all about!

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Investing with Purpose: Having Real Intentions in Real Estate With Donovan Ruffin

Tue, 19 Jul 2022 10:00:00 GMT

If you want people to work with you, you need to be leading with value. Don't make every meeting you have a business transaction. You need to actually want to help people so that they will work with you. You can't grow your business if no one wants to work with you. This is exactly what Donovan Ruffin did when he founded Equity Cash Offer. He's only 28, yet he buys and sells houses all over Texas while also going into new markets. He does this because he's actually doing the work and grinding it out. Join Tim Herriage as he talks to Donovan about how he grew his business, Equity Cash Offer, especially at a time when interest rates are rising. Listen in for some great advice on how to get started in real estate.

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How Your Profit Margin Compares To Your Margin Of Safety With Logan Fullmer

Tue, 12 Jul 2022 10:00:00 GMT

If you just found a good deal but got stuck with legalities, you can’t miss this episode of Uncontested Investing! Logan Fullmer joins Tim Herriage and shares his journey from managing construction in the oil field to finding real estate success through discounted deals. Not too long after starting his real estate journey, Logan saw himself earning over a million dollars on a single deal! Tune in as he talks about how he invested in educating himself about property codes and researching case law and some insights into how curative title work and resourcefulness have helped him take calculated risks between profit margin and margin of safety and closing deals at discounted prices.

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Wholetailing: Flipping Real Estate With No Money With Travis Johnson

Tue, 05 Jul 2022 10:00:00 GMT

Have you ever thought about flipping real estate deals but don't know how to do it? You're not alone. Travis Johnson, a successful house flipper in Minnesota and author of theSeven Figure Flipping Book, learned how to flip real estate the hard way. With no books or training when he first started, he did everything wrong and took financial losses. Today, Travis shares his experience on how to get involved in flipping real estate deals with no money, wholesaling strategies, and treating real estate investing as a real business. Tune in!

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There's Transactional Money And There's Wealth With Eddie Speed Of NoteSchool

Tue, 28 Jun 2022 10:00:00 GMT

As the world increasingly moves towards a data-driven economy, data is becoming increasingly important in the note industry. By understanding the data, businesses can make better decisions about growing and scaling their operations. That is what our guest, Eddie Speed, the President and Founder of NoteSchool, talks about. Having been in the note industry for thirty-plus years, Eddie has an unparalleled track record in the industry and honed marketing and negotiation skills. Tune in to this episode to know more about data, tax loophole strategies, and caution flags in real estate investing.

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Delayed Gratification is Your Key to Financial Freedom With Mike Hambright Of Investor Fuel Mastermind

Mon, 20 Jun 2022 02:57:00 GMT

Sometimes, being naïve about how things work in a business can be a blessing. While others are running away or cowering in fear, you might just go against the grain and reap massive rewards as a result. That’s exactly what happened to Mike Hambright when he started out in real estate. Mike is a real estate investor for 14 years, podcast host, and founder of Investor Fuel, America’s top mastermind for professional real estate investors. Joining Tim Herriage in this episode, Mike takes us on a tour to his real estate journey, which started in 2008. If you’ve lived long enough to know what 2008 means, you’d know that this guy ran straight into the fire while everyone else was running away from it. But he came out of it even stronger and now has diversified into multifamily, coaching, and a lot of other things. Tune in as he dishes out nugget upon nugget if wisdom that only a smart, seasoned investor, coach, and thought leader like Mike can offer!