S4E17 Staying Motivated in Real Estate
In this motivational episode of the Investor Shed Podcast, hosts Nick Beveridge and Jeremy Kitchen dive deep into the mechanics of staying driven in the world of real estate. They explore the significance of knowing your ‘why,’ building a powerful vision, and setting actionable goals that fuel long-term success. This conversation sheds light on the role of accountability groups, the power of celebrating actions rather than just results, and how strategic tracking can sustain your momentum even in challenging markets.
Listeners will learn how to combat burnout with self-care routines, leverage vision boards for goal-setting, and surround themselves with the right people to elevate motivation. Nick and Jeremy also discuss techniques for staying productive, including gamifying tasks, eliminating distractions, and fostering a mindset that celebrates progress. Tune in to discover the strategies that real estate investors and entrepreneurs need to keep moving forward and realize their potential.
🔑 Keywords:
motivation, real estate, vision, accountability, burnout, success, goals, mindset, productivity, personal development
🔗 Connect with us:
Official YouTube Podcast Page: https://www.youtube.com/@TheInvestorShed
Nick Beveridge's YouTube Page: https://www.youtube.com/@NickBeveridge
Real Estate Website: northidahorei.com
Facebook: https://www.facebook.com/profile.php?id=100063653307069
Instagram: https://www.instagram.com/theinvestorshed/
Takeaways:
Discover your ‘why’ to stay motivated.
Create vision boards to define and maintain long-term goals.
Accountability groups can elevate motivation and accountability.
Celebrate actions and efforts, not only results.
Tracking progress is key for staying focused and committed.
Being around motivated individuals boosts your own drive.
Establish routines and self-care to avoid burnout.
Gamify tasks to make achieving goals fun and sustainable.
Eliminate distractions to improve focus and productivity.
Persistence pays off;
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Thanks for joining our exclusive live broadcast. Feel free to share your questions and interact with other participants in the chat.
Post-Election Politics, Real Estate Impact, and Finding Common Ground | Investor Shed Podcast
In this post-election episode of the Investor Shed Podcast, hosts Nick Beveridge and Jeremy Kitchen dive into the 2024 election results and what a new administration means for real estate investors, small business owners, and everyday Americans. With Donald Trump as the new president-elect, Nick and Jeremy share candid thoughts on the political climate, what this shift could mean for housing, and how the current economic landscape may affect real estate strategies.
Expect honest, sometimes personal, reflections as they discuss:
How political divides shape perspectives in real estate and business
The implications of new policies for property values, interest rates, and investment strategies
Different political beliefs and how they shape individual paths in investing and personal growth
Thoughts on government efficiency, economic growth, and real-world impacts on small business owners
Nick and Jeremy may not always see eye to eye, but they find common ground in their shared commitment to growth, opportunity, and the real estate community. Join us for an open discussion where politics, real estate, and personal stories intersect!
🔗 Connect with us:
Official YouTube Podcast Page: https://www.youtube.com/@TheInvestorShedNick Beveridge's YouTube Page: https://www.youtube.com/@NickBeveridgeReal Estate Website: northidahorei.comFacebook: https://www.facebook.com/profile.php?id=100063653307069Instagram: https://www.instagram.com/theinvestorshed/
Hashtags/Keywords:#2024Election #RealEstateInvesting #InvestorShedPodcast #DonaldTrump #PoliticalDiscussion #RealEstateMarket #RealEstateStrategies #NickBeveridge #JeremyKitchen #InvestorMindset #RealEstateTips #PostElection
Welcome to our live show!
Thanks for joining our exclusive live broadcast. Feel free to share your questions and interact with other participants in the chat.
S4E16: REI Conference Debrief – Investment Strategies, Tax Planning, and Team Culture Insights
In this episode of The Investor Shed Podcast, Nick Beveridge and Jeremy Kitchen reflect on their recent experiences at a real estate conference they helped organize, along with discussing their ongoing journey of switching brokerages. They dive deep into the importance of building a strong team culture and the benefits of surrounding yourself with the right people in the real estate industry. Nick and Jeremy also share invaluable insights into their investment strategies, focusing on real estate flips, and the significance of tax planning and financial strategies for entrepreneurs. This episode is packed with practical advice on navigating the real estate world, maintaining a clear vision, and leveraging networking to create long-term opportunities.
Tune in for strategies to help you grow as a real estate investor and entrepreneur!
Key Takeaways:
Why switching brokerages can signify growth.
The impact of positive team culture on success.
Key investment strategies for real estate flips.
Essential tax and financial planning tips for entrepreneurs.
The power of networking in building valuable partnerships.
🔗 Connect with us:
Official YouTube Podcast Page: https://www.youtube.com/@TheInvestorShedNick Beveridge's YouTube Page: https://www.youtube.com/@NickBeveridgeReal Estate Website: northidahorei.comFacebook: https://www.facebook.com/profile.php?id=100063653307069Instagram: https://www.instagram.com/theinvestorshed/
Hashtags and Keywords:#RealEstate #InvestmentStrategies #BrokerageSwitch #TeamCulture #FinancialFreedom #TaxPlanning #RealEstateFlips #Entrepreneurship #Networking #ResidentialInvestments #RealEstateConference #RealEstateInvesting
S4E15 Turning a One-Bedroom Condo into a Cash-Flowing Machine with Leif Dyrsten
In this exciting episode of the Investor Shed Podcast, your hosts Nick Beveridge and Jeremy Kitchen sit down with Leif Dyrsten, an inspiring real estate investor making waves in the short-term rental market! 🎙️ Leif shares his journey from working in BMW parts sales to becoming a property owner in Seattle, where he's successfully managing his first short-term rental.
Leif dives into the challenges and opportunities of short-term rentals, discussing how his one-bedroom condo in Seattle has become a profitable venture. From financing hurdles to renovation insights, Leif offers a transparent look at the highs and lows of his first year as a rental property owner. He also explains the valuable lessons he learned from attending the North Idaho REI Conference, which ultimately propelled him into action.
This episode covers key topics like financing for self-employed individuals, handling guest expectations, and why short-term rentals can outperform long-term ones. If you're interested in breaking into the short-term rental space, Leif's experiences and actionable insights are a must-listen!
Episode Highlights:
Leif's shift from BMW sales to real estate investing
How the North Idaho REI Conference inspired him to get started
The challenges of securing financing as a self-employed investor
Renovating a condo to attract guests while navigating HOA restrictions
Balancing price with guest quality and managing expectations
Leif's future investment plans and goals in the real estate market
Memorable Quotes:
"I was just a forever researcher."
"Lowering prices too much can attract undesirable guests."
"Short-term rentals can provide better cash flow than long-term rentals."
Chapters: 00:00 - Welcome to the Investor Shed Podcast03:45 - Insights from the North Idaho REI Conference06:31 - Transitioning to Short-Term Rentals11:22 - Challenges of Self-Employment and Investing15:04 - The Property Purchase and Renovation Process20:29 - Navigating HOA and Building Regulations22:42 -
Welcome to our live show!
Thanks for joining our exclusive live broadcast. Feel free to share your questions and interact with other participants in the chat.
S4E14 What makes a real estate deal?
In this episode of the Investor Shed Podcast, hosts Nick Beveridge and Jeremy Kitchen dive deep into the world of real estate investing, discussing the key factors that make a deal worth pursuing. From the popular 70% rule to emotional investments, they break down the elements that investors need to understand to find success in today’s market. Whether you're analyzing a fix and flip, considering an RV park investment, or evaluating market conditions, this episode will help you sharpen your skills and avoid common mistakes.
Nick and Jeremy share personal experiences and tips for navigating the complexities of real estate, including the importance of hiring professionals and the value of networking. Don't miss this insightful episode packed with valuable advice for new and seasoned investors alike!
Key Takeaways:
The 70% rule is essential for determining if a deal makes financial sense.
Hiring professionals can save both time and money.
Market conditions and location can significantly influence your investment outcomes.
Emotional detachment is key when evaluating deals.
Unique investment opportunities like RV parks offer great potential.
Learning from past mistakes and building strong relationships lead to better deals.
Tune in for an episode that will help you take your real estate investing to the next level!
🔗 Connect with us:
Official YouTube Podcast Page: https://www.youtube.com/@TheInvestorShedNick Beveridge's YouTube Page: https://www.youtube.com/@NickBeveridgeReal Estate Website: northidahorei.comFacebook: https://www.facebook.com/profile.php?id=100063653307069Instagram: https://www.instagram.com/theinvestorshed/
Keywords:real estate investing, deal flow, 70% rule, fix and flip, market conditions, RV park investment, emotional investments, hiring professionals, investment strategies, property analysis, real estate tips, property deals, networking for investors
S4E13: Are Rentals Lousy?
In this episode of the Investor Shed Podcast, Nick and Jeremy dive deep into the recent buzz around influencers claiming rental properties are a bad investment. They dissect why these influencers, often with multiple income streams, might downplay the value of rentals and explore the reality of rental property investing. Nick and Jeremy highlight the numerous benefits that rentals offer, such as wealth building through appreciation, cash flow, tax benefits, and leveraging other people's money. They also share strategies for maximizing returns, including adding extra to your mortgage payments and raising rents to combat inflation. For those considering rentals, the duo emphasizes the importance of aligning investments with personal financial goals and being wary of influencers' motives. Tune in for creative cash flow strategies and tips on how to turn your property into a wealth-building machine!
Key Takeaways:
Influencers may dismiss rentals due to their own income streams or having moved past the single-family market.
Rental properties offer solid benefits: appreciation, cash flow, tax advantages, and principal paydown.
Control your financial future by raising rents to keep up with inflation and considering creative strategies to increase cash flow.
Diversify your portfolio and learn from both successes and mistakes.
Caution is advised when following influencers—always consider their motives and your own investment goals.
Chapters: 00:00 Introduction09:16 Wealth Building and Appreciation12:07 Cash Flow and Passive Income16:24 Tax Benefits and Leveraging19:11 Principal Paydown by Tenants23:24 Consider Your Own Goals and Motivations27:35 Accelerating Mortgage Payoff29:30 Inflation Hedge and Control over Investment34:35 Diversification with Rental Properties45:00 Creative Strategies for Cash Flow53:40 Learning from Successful and Unsuccessful Investments
🔗 Connect with us:Official YouTube Podcast Page: https://www.youtube.com/@TheInvestorShedNick Beveridge's YouT
S4E12: Millionaire Habits – Developing a Wealth Mindset and Building Multiple Streams of Income
In this episode of The Investor Shed Podcast, Nick Beveridge and Jeremy Kitchen dive into the habits and mindset that set millionaires apart. From focusing on opportunities rather than obstacles, to solving problems and developing a wealth-oriented mindset, they explore the behaviors that drive success. Nick and Jeremy discuss key topics like effective time management, continuous learning, building multiple streams of income, and leveraging relationships to achieve financial freedom.
The conversation also highlights the importance of networking, mentorship, and personal discipline, while offering actionable tips and book recommendations for listeners wanting to adopt millionaire habits. Nick and Jeremy also compare the habits of millionaires with those who struggle financially, touching on topics like risk-taking, savings, health routines, and taking personal responsibility for one’s setbacks.
Key Takeaways:
Focus on opportunities, not obstacles.
Develop a wealth mindset by solving problems and thinking long-term.
Practice effective time management and prioritize high-value tasks.
Continuously learn and invest in self-improvement.
Build multiple streams of income to increase financial security.
Leverage relationships and network with like-minded individuals to unlock new opportunities.
Mentorship and mastermind groups provide valuable guidance for success.
Health routines and personal discipline contribute significantly to long-term success.
Reading and attending seminars are common habits among successful individuals.
Take calculated risks and always take personal responsibility for failures and setbacks.
Chapters: 00:00 Introduction and Overview02:22 Developing a Wealth Mindset and Focusing on Opportunities08:00 Effective Time Management and Problem-Solving13:05 Continuous Learning and Self-Education23:27 Building Multiple Streams of Income32:04 Leveraging Relationships and Networking34:55 The Importance of Mentorship and Continuous Learning40:01 Health Routines
S4E11: Rise From Ashes Part 2 – Nick’s Real Estate Rebuild and New Ventures
In this episode of The Investor Shed Podcast, Nick Beveridge shares his personal journey of rising from massive real estate losses and overleveraging to rebuilding his fortune. Alongside co-host Jeremy Kitchen, they dive deep into the challenges Nick faced, including lawsuits, market missteps, and the importance of pricing properties accurately. Nick reflects on the valuable lessons he learned, like maintaining clear financial statements and practicing what you preach.
The conversation also ventures into their investments in an RV park, a profitable solution to local affordable housing needs, and the exciting new business venture they’re entering in the coffee, wine, and beer industry. Nick and Jeremy also discuss the current real estate market and how networking and building strong connections are critical for long-term success in real estate.
Key Takeaways:
Real estate investing is risky—be prepared for potential losses.
Pricing properties correctly from the start saves time and money.
Clear financial statements and understanding cash flow are crucial for smart decisions.
Building strong networks and connections in real estate is invaluable.
Diversifying with ventures like RV parks and new businesses can provide multiple income streams.
Chapters: 00:00 Introduction and Podcast Overview01:41 Nick's Journey: Rise, Fall, and Rebuilding04:04 Dealing with Massive Losses08:30 Lessons Learned and Reflecting on Mistakes13:06 The Importance of Pricing Properties Correctly16:40 Navigating the Current Real Estate Market20:27 Building a Strong Team and Being a Good Leader26:56 Investing in an RV Park29:09 Property Management and Occupancy Rates32:47 Understanding the Market and Needs37:20 Diversifying Investments44:19 Starting a Business in the Coffee, Wine, and Beer Industry
🔗 Connect with us:
Official YouTube Podcast Page: https://www.youtube.com/@TheInvestorShedNick Beveridge's YouTube Page: https://www.youtube.com/@NickBeveridgeReal Estate Website: northidahorei.co
S4E10 How To Sell A House - Investor Shed Podcast
In this episode of the Investor Shed Podcast, hosts Nick Beveridge and Jeremy Kitchen dive into the home-selling process, sharing expert tips and strategies to help you maximize profits and minimize hassle. Whether you’re a real estate investor, agent, or homeowner, this episode is packed with actionable advice for a smooth home sale.
Nick and Jeremy emphasize the importance of listing a property on the MLS and working with a professional realtor to reach a larger pool of motivated buyers. They explore common pitfalls, such as selling a home as “For Sale By Owner” (FSBO), and why this strategy often results in lower profits. Pricing your home correctly from the start, staging it effectively, and utilizing professional media like photography and 3D tours are key tactics that can lead to quicker, higher offers.
The hosts stress the significance of the first 10 days on the market and how adjusting the price if needed can be the difference between a sale and stagnation. Learn why staging an empty house with furniture and decor helps buyers envision living there, leading to faster sales and potentially higher offers. Plus, they explain how a pre-listing home inspection can help eliminate negotiation obstacles.
🔑 Key Takeaways:
MLS listings and professional realtors help reach motivated buyers.
Correct pricing is essential for maximum profit and a faster sale.
The first 10 days are critical—adjust pricing if needed.
Staging a home can lead to 5-10% higher offers and faster sales.
Professional photos and media boost online traffic and showings.
Pre-listing home inspections can smooth the selling process.
🎙 Sound Bites:
"For sale by owners sell for about 18% less than similar homes sold by agents."
"Stage homes spend about 73% less time on the market."
"Deep cleaning can increase the selling price by $5,000 or more."
⏱ Chapters: 00:00 - Introduction and Background03:10 - The Mistake of Listing a Home as For Sale By Owner08:08 - The Impact of Pricing on Selli