Mastering Real Estate

Episode 7 - Real Estate by the Numbers  J Scott’ and Dave Meyer’s book “ Real Estate by the Numbers. ” Overview of J Scott and Dave Meyer’s backgrounds and experience Summary of “ Real Estate by the Numbers,” and the four parts of the book Key concepts from each part of the book Key Takeaways and Action Steps  3 Key Takeaways: #1--Track Your Net Worth, 2–Learn Basic Financial Modeling, 3...

Episode 6 - Project #3: Multiple Exit Strategies  Deal Details Address: 3613 Oakwood Drive, Adamsville AL 35005 Type: Flip Year: 2018 Timeline: 5 months Project Cost: $62,000 Purchase Price: $55,000 Rehab: $6,620 Sales Price: $106,000 Profit: $40,000   Losing A Lender In the initial stages, Maura faced adversity as her hard money lender backed out a week before closing. This forced her t...

Episode 5 - Recession-Proof Real Estate Investing J Scott’s "Recession-Proof Real Estate Investing”  Overview of J Scott, his background, and experience. Summary of "Recession-Proof Real Estate Investing” and the different methods to safeguard investments and capitalize on opportunities in the various economic phases. The 4 phases are: 1–Expansion Phase, 2–the Peak Phase, 3–the Recession, and...

Episode 4 - Project #2: Beware of Hard Money Lenders Deal Details Address: 1120 Sardis Rd, Gardendale AL 35071 Type: Flip Year: 2018 Timeline: 2 months Project Cost: $98,000 Purchase Price: $70,000 Rehab: $16,000 Sales Price: $124,000 Profit: $21,000   Losing A Lender In the initial stages, Maura faced adversity as her hard money lender backed out a week before closing. A valuable lesson was...

Episode 3 - Cashflow Quadrant Robert Kiyosaki's "Cashflow Quadrant"  An overview of the author, Robert Kiyosaki, his background, and his significant impact on financial education. The book introduces the Cashflow Quadrant, categorizing ways of earning money into Employee (E), Self-Employed (S), Business Owner (B), and Investor (I). Kiyosaki emphasizes the importance of transitioning towards b...

Episode 2 - Project #1: The Importance of Market Research Introduction  Importance of learning from mistakes and avoiding common pitfalls in real estate investing. Losing $30,000 on the First Project Maura's personal account of her first real estate project in Pleasant Grove, Alabama. Detailed account of mistakes made, including budget overruns, timeline delays, and pricing errors. Acknowledg...

Episode 1 - Rich Dad Poor Dad Robert Kiyosaki's "Rich Dad Poor Dad"  Overview of Robert Kiyosaki, his background, and controversial aspects. Summary of "Rich Dad Poor Dad" and its central theme of financial intelligence. Key lessons from the book: making money work for you, financial education, minding your own business, understanding the tax code, and more. Maura's personal connection to the...

The Mastering Real Estate Podcast will launch in January 2024.     Every week, I review the real estate industry's leading books and share my own lessons learned from working as a full-time real estate investor.