The Real Estate Raw Show with Joe Mendoza

How Mitch Stephen Became a Mega-Successful Investor, Part II

coachjoemendoza@gmail.com (Joe Mendoza) — Fri, 3 Aug 2018 10:04:00 -0700

We’re back with part two of my exclusive interview with mega-successful real estate investor Mitch Stephen.

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On today’s episode of “The Real Estate Raw Show,” I’m excited to conclude our interview with mega-successful real estate investor Mitch Stephen. As I said before, Mitch has bought, owner-financed, and sold over 1,500 homes in his hometown since 1996, and he has plenty more to say about how he was able to do this.

For your convenience, I’ve timestamped the rest of the interview below so that you can jump to whatever topics interest you most:

1:15 - The story of how Mitch wrote his first book.

7:27 - The inspiration behind his message.

9:14 - A CliffsNotes breakdown of all the books Mitch has published and what they can teach you.

15:28 - Books that have changed Mitch’s life and the lessons they taught him.

19:30 - His advice to anyone who thinks they’re stuck in a rut.

22:30 - How he works with sellers and what the benefits of owner financing are.

26:00 - How he automates his business.

29:30 - Why storage units are such a great investment.

Once again, I want to thank Mitch for being on my show, and I hope he can join us again someday to share more stories about how to achieve and maintain his level of success.

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I’m super excited to share the second half of this interview with you.

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As always, if you have any questions for me regarding buying, selling, or investing in real estate, don’t hesitate to reach out to me. I’d be delighted to help you out.

How Mitch Stephen Became a Mega-Successful Investor

coachjoemendoza@gmail.com (Joe Mendoza) — Mon, 16 Jul 2018 10:42:00 -0700

Mitch Stephen, mega-successful real estate investor, author, and podcast host, is on the phone with me today to discuss how he climbed to the heights he has achieved.

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On today’s episode of “The Real Estate Raw Show,” I’m very excited to introduce our outstanding guest from Texas, Mitch Stephen. Mitch has bought, owner-financed, and sold over 1,500 homes in his hometown since 1996—not as an agent, but as an investor. He has his own podcast and has written several books, so I’m extremely happy to have him on to discuss how he’s become so successful.

For your convenience, I’ve timestamped the interview below so that you can jump to whatever topics interest you most.

0:40- Retaining one-third of the 1,500 homes Mitch has accumulated.
1:20- Mitch’s path to financial freedom
4:20- What are Mitch’s strengths?
5:20- Explaining owner-financing
8:50- Mitch’s idea of a perfect student
12:25- Mitch’s biggest success stories
15:50- Mitch’s parting advice

I want to thank Mitch so much for being on our show, and I hope he can come back again to explore some other questions about his success. If you would like to get more detailed information about his insight and experiences, visit the following links:

To buy his book “My Life & 1000 Houses: Failing Forward to Financial Freedom”, or download the first 100 pages for free: https://ub203.isrefer.com/go/book/jm2018/
To benefit from his online training system “The Art of Owner Finance”, which includes 13 easy-to-digest video/audio modules: https://ub203.isrefer.com/go/497/jm2018/
To learn a real estate investing technique that blows being a landlord away: https://ub203.isrefer.com/go/oftw/jm2018/
For tools and training on how to raise private money without fear of failure: https://ub203.isrefer.com/go/pmce/jm2018/

If you have any questions for me regarding buying, selling, or investing in real estate, don’t hesitate to reach out to me. I’d be delighted to help you out.

A Great Conversation With an Amazing General Contractor

coachjoemendoza@gmail.com (Joe Mendoza) — Fri, 29 Jun 2018 12:15:00 -0700

Darrin Brightmon is a fantastic general contractor here in San Diego. We had a great conversation about he does and how he helps people every day.

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Welcome to another edition of the "Real Estate Raw Show." Today I have a very special guest, Darrin Brightmon. He’s a former star running back for UNLV, a colonel in the Army Reserves, and a fantastic general contractor with a great company, BDG Builders. I sat down with him to talk about the business, what he does, and how he helps people like myself and my clients on a daily basis. Here’s an outline of our discussion, with timestamps so that you can skip around to the topics that interest you most:

1:30- How Darrin got into the general contracting business.

3:00- The different licenses in the contracting world and the licenses that Darrin has himself.

5:40- The importance of bonds when hiring a contractor like Darrin and how they protect the consumer.

7:15- The dangers of hiring unlicensed or unbonded contractors to save a bit of money.

9:15- A rundown of a few of the projects Darrin is working on in San Diego right now.

Darrin works with San Diego property owners every single day.

11:20- The difference between residential and commercial contracting work.

12:00- Why hiring Darrin and BDG Builders to help build your new home is such a great idea.

If you have any questions for Darrin about how he can help you, don’t hesitate to reach out and give him a call at (858) 354-1041 or head on over to www.BDGBuilders.com.

If you have any mortgage-related questions or needs, don’t forget about our friend Akshay Patel at Easy Fundings Home Loans. You can reach him at (858) 207-8436.

Finally, if you have any questions regarding real estate, the market, or anything else, you can always reach out and give me a call or send me an email. I look forward to hearing from you soon.

An Interview With One of the Hardest-Working Lenders Around

coachjoemendoza@gmail.com (Joe Mendoza) — Mon, 18 Jun 2018 10:44:00 -0700

Akshay Patel is not just a mortgage lender, he’s an undeniable force. Here’s what makes him so special.

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I’m so excited to be joined by a special guest today. He’s super unique, super ambitious, and I’m excited to be sharing the stage with him today. His name is Akshay Patel and he is an absolutely fantastic mortgage lender here in San Diego

I recently had a VA buyer who wasn’t able to get him qualified with other lenders. Once they went to Akshay, he was able to get the buyer qualified. Here’s why.

One big reason why Akshay is so successful is that he focuses on solutions, not problems. Instead of just saying no or pushing things to the side if there isn’t an easy fix, he works to find solutions to all of our clients’ problems. He’s actually been able to get seven deals done this year that other lenders weren’t able to get done first. Whether it’s a long-term plan or a short-term one, if there’s a solution, Akshay is going to find it.

If there’s a solution, Akshay is going to find it.

There are no days off for Akshay, and that’s because he’s passionate about getting homebuyers qualified to purchase homes. He’s persistent, he never gives up, and he goes the extra mile for everyone he works with. He wasn’t hustling for our clients just because he was a friend, he was hustling because he is all about his business. He wants to help bring us to the next level, and we want to do the same for him. It’s been a very fruitful partnership thus far.

The big banks generally make our clients jump through so many hoops, a lot of times they end up just wanting to give up. I recently had a client who was fed up with the big banks and trying to do a 1031 exchange, so I set him up with Akshay and was able to get a solution figured out in just a quick, 20-minute phone call. Even if clients get turned down by other lenders, Akshay never takes no for an answer.

If you’re not sure whether or not that you can qualify to buy a home, you should get in touch with Akshay first. You can give him a call at (858) 207-8436. If you have any other questions about real estate in the meantime, don’t hesitate to give us a call or send us an email. We look forward to working with you soon.

Do You Need a Mentor?

coachjoemendoza@gmail.com (Joe Mendoza) — Tue, 5 Jun 2018 11:35:00 -0700

What is your plan for your real estate career? If you are unsure, then you should step back and consider your end goal.

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Do you know your plan?

In real estate, whether you’re buying, selling, investing, or creating a family fortune, you need to know your plan to make that happen.

There are multiple directions you can take in real estate to get there: you can buy notes, do fix-and-flips, or you could be a Realtor. At the end of the day, figure out your end goal and what is required to meet it.

If you don’t know your end goal, you are putting in a lot of time and effort to get… where? Do you want to create massive income or passive income? Both?

Too many people begin careers in real estate without creating or knowing their plans for success. I have been in the business for several decades, so I know the struggle. I am coaching, mentoring, and training people from across the nation. We are talking hundreds of units and sales per year.

You might be good, but if you want to be great, you need to have clarity, purpose, and focus.

Sometimes, when you start off, you don’t actually know what you want to do. If you just go through the motions and grind through the days, you’ll probably get a little lost. At that point, it’s time to step back a little bit and reformulate. Figure out what you really want from your time and effort. You might even consider hiring a mentor like myself who will guide you and help you keep focus.

You might be good, but if you want to be great, you need to have clarity, purpose, and focus. That’s what a great coach or mentor will do for you.

If you have any questions or would like to speak with me about getting guidance in your real estate journey, feel free to reach out to me. I’m a real estate broker, an investor, an entrepreneur, and I’m here to help you.

A Story of Investing Success

coachjoemendoza@gmail.com (Joe Mendoza) — Wed, 23 May 2018 10:19:00 -0700

My special guest, Hector Padilla, is here today to share his story about how he went from washing dishes to being a multimillionaire real estate investor.

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Hector Padilla, my guest today is a great friend of mine in the multifamily commercial investing business. Since I met him in 2004, I have watched him accumulate massive amounts of property.

Today I want to share some of his story and discuss how he got from washing dishes to accumulating over $86 million worth of property. I have provided timestamps for you below so that you can jump to whatever topics you like throughout the video above.

1:05—Hector’s humble beginnings as a dishwasher.
2:20—The drive to succeed is driven by your circle of influence.
4:20—The value of hiring a coach: exponential growth.
7:40—Think about your ideal lifestyle; how much will it cost you?
11:55—Making lots of money is not the same thing as creating wealth.
13:35—Don’t hold yourself back by assuming that you don’t need to grow.
15:30—Focus on what you’re good at. If real estate isn’t your skill, consider partnering with an acquisition firm in a joint venture.
17:00—If you are thinking about making a sudden career change: read “Pivot” by Adam Markel.
18:50—Details about Hector’s free webinar wherein he tells more of his story and how he works with funding partners and private investors to find deals.
20:20—Rude awakenings as motivation.
22:00—Don’t give in to the victim mentality. Excuses are not crutches.
25:00—Success in real estate and wealth creation is hard work.
26:35— “If it’s meant to be, it’s up to me.”

I really appreciate the time Hector took to have this discussion with me and the insight to success that his story provides. If you have any questions about buying, selling, or investing in real estate, you are absolutely encouraged to reach out to us. We can discuss your goals and talk about what we can bring to the table in order to make them happen.

How the SWOT Formula Can Boost Your Business

coachjoemendoza@gmail.com (Joe Mendoza) — Thu, 10 May 2018 07:33:00 -0700

To stay ahead in your business, you’ve got to constantly adapt. Today I’d like to talk about how the SWOT formula can help you do just that.

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What is the SWOT formula and how does it relate to your real estate career or your investing business? SWOT is actually an acronym describing different concepts that are important to the success of your business.

“S” stands for strengths. What are your strengths? Whether you’re a pro at marketing or a great salesperson, it’s important to hone in on your skills in order to do well in your business.

“W” stands for weaknesses. What are your weaknesses? If you’re investing too much energy into focusing on your weaknesses, you could be taking critical attention away from your strengths. When you know what your weaknesses are, it can be helpful to hire others to make up where you lack.

You must constantly innovate and improve in your business if you don’t want to be left behind.

“O” stands for opportunities. What opportunities are you missing out on? If you see an opportunity, seize it. When markets shift, you must adapt and overcome. If you aren’t doing this, you’ll be lost in the shuffle.

“T” stands for threats. What threats are you facing? If you aren’t adapting and overcoming, your competition may pose a major threat to your business. You must constantly innovate and improve if you don’t want to be left behind.

Following and thinking critically about the SWOT formula can greatly improve your business. If you pay attention to each of the concepts and questions we went over today, I promise you’ll go further, faster in your career.

If you have any other questions or would like more information, feel free to give me a call or send me an email. I look forward to hearing from you soon.

Why Do Dabblers Get Destroyed?

coachjoemendoza@gmail.com (Joe Mendoza) — Tue, 24 Apr 2018 06:42:00 -0700

Today I’ll explain why you should study and master the game to become a true business owner and investor instead of dabbling.

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Dabblers get destroyed.

What do I mean by that?

I started working in real estate 30 years ago when I was only 17 years old. I stayed the course and did really well. My success encouraged my friends and family to join, thinking it was easy. But it wasn’t.

How did I make it look so easy? I’m a firm believer that you must learn before you earn. You must master and study the game and then go for it fearlessly.

I got so good at real estate that Tom Ferry asked me to be a coach. So, I mastered, studied, and learned the coaching business and got really good at it.

Again, some people thought it was easy. They followed my lead and found out it was not easy.

Thanks to Robert Kiyosaki’s wisdom in “Rich Dad Poor Dad,” I learned about the cashflow quadrant. Most people are employees who attempt to break into the real estate business as either agents or fixer flippers. They remain in the “S” quadrant or self-employed quadrant.

I am here to invite you to explore the business and investment quadrant. Explore the idea of being a business owner and true investor.

What does it take to be either? Call me and I’ll go over this in more detail.

If you start thinking bigger and doing bigger things, then bigger, better things will happen for you.

You must move into that quadrant. Why? Who wants to work forever? Have you heard of the 40-40-40 plan? You work 40 hours a week, 40 years of your life, to live on 40% of your income. Who really wants that plan? Nowadays, some people can’t even survive 40 years in a job.

So, focus on massive, passive income. Let’s not get confused—I’m not leaving the real estate business. The whole point of me sharing this is I’m looking to buy apartments and multi-units through my investment company. If the folks don’t want to sell to me on great terms such as seller financing, I will sell it for top dollar retail at my brokerage.

I am on a mission to help as many people including myself, my family, and my team to reach this quadrant with me. Pick up Robert Kiyosaki’s book, “Rich Dad Poor Dad” to learn more about the quadrants—it is phenomenal.

Don’t think I am moving in too many directions—it’s all real estate. Someone said, “Hey Joe, you can’t ride so many horses at once. You have to just ride one.” Try telling that to Elon Musk. Elon Musk has multiple companies: SpaceX, Tesla, and SolarCity. I have a long way to catch up to him. But, if you start thinking bigger and doing bigger things, then bigger, better things will happen for you and your family.

I want to help wonderful people who want to pursue the business and investment quadrant. Remember, dabblers get destroyed.

Give me a call or send me an email with any questions. You can also stop by my office and we can discuss this in more detail. I would be happy to help you!

Meet the People Who Run My Team

coachjoemendoza@gmail.com (Joe Mendoza) — Wed, 7 Mar 2018 10:26:00 -0800

Meet the members of my team who make your real estate dreams come to life.

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I’m a firm believer in the phrase “teamwork makes the dream work,” so today, I wanted to introduce some of my wonderful team members to you.

Mike Anglo—“I service all across San Diego. I’ve bought and sold real estate for the past 10 years, and I study the market. I want to be your resource.”
Sergio Yturralde— “I’m a Realtor who services all of North San Diego County. Ask me what I can do to help you with any of your real estate needs.”
Margaret Uth—“My specialty is single-family homes, townhomes, condos, and luxury properties. My niche is first-time homebuyers, seasoned buyers, sellers, investors, and veterans. Military families and civilians who are looking to buy or sell in San Marcos, California: give me a call.”
Skipp Cook—“I’m a senior loan officer with Bank of America. Joe Mendoza and his team utilize me because he knows that I’ll offer his customers great service. We have a lot of great loan programs and very low rates. I look forward to speaking with you.”
Dan Batoon—“I’ve been a Realtor for the past 13 years here in San Diego County. I’ve been helping out clients in the North San Diego County inland market within the Poway Unified School District, as well as Carmel Valley, Scripps Ranch, and Mira Mesa.”
Nicole Abrego—“I absolutely love helping clients buy and sell real estate in San Diego and the surrounding counties. If you or anyone you know needs assistance, feel free to call me."
Irman Clark, Ph.D—“I’m the team lead at Clark & Company Real Estate Group. I’ve got 15 years of street smarts in the real estate business, and I pay it forward to my clients. Whether you’re looking for a real estate nerd or a real estate stud, I’m your guy.”
Adolfo Lugo—“I’ve been helping buyers and sellers with their real estate needs since 2010. I’m currently servicing the San Diego North County area. I’d love to help you or someone you know with any real estate needs.”
Akshay Patel—“As a proud mortgage broker and direct lender, I have the ability to offer you all these amazing products, along with the service to back it. My team and I are looking forward to servicing your next loan.”

As you can see, it’s not just me that makes our team work!

If you have any questions or are looking to buy, sell, or invest in real estate, feel free to reach out to us. We'd be happy to help you.

Why Should You Invest in Multi-Family Units?

coachjoemendoza@gmail.com (Joe Mendoza) — Mon, 5 Mar 2018 09:28:00 -0800

Apartments and multi-family units are a great investment. There are a few reasons why.

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Why should you invest in apartments and multi-family units? There are two main reasons I want to share with you today.

1. The demand is there. Rental prices are going up and up and up; they don’t usually go down. When the demand is high, prices go up! Consistently rising prices mean consistently improving returns for the investor. When price goes up, your cash flow increases.

If you’re looking for a serious investment, now is a great time to look into apartments and multi-family units.

2. Both millennials and baby boomers have been reluctant to purchase homes. Many millenials lived through their parents losing lots of their capital in the real estate crash of ‘07, and so they are reluctant to get caught in that sort of loss themselves. Likewise, baby boomers are reluctant to buy outright as well, since they went through that crash themselves and are just now able to recoup on their properties, or at least downsize to minimize their exposure to future downturns in the market.

If you’re looking for a serious investment, some kind of massive, passive income for the future, now is a great time to look into apartments and multi-family units.

If you have any questions about investing in apartments or about real estate in general, give me a call or send me an email. I would be happy to help you!

Which Is Right for You: Self-Managing or Hiring an Expert?

coachjoemendoza@gmail.com (Joe Mendoza) — Mon, 19 Feb 2018 12:03:00 -0800

Today I want to cover an important question: Should you self-manage or hire a property manager? The answer comes down to two factors.

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Today I want to cover an important question: Should you self-manage or hire a property manager?

Actually, the answer will depend on two things: Do you have the time, and do you have the expertise?

If you’re managing just one property, perhaps you’ll have sufficient time to self-manage. But, if you’re managing multiple units, I might recommend hiring a property manager. Imagine the time it would take to manage that many units.

You should also think about your level of expertise. Are you familiar with landlord-tenant law, the eviction process, or anti-discrimination acts?

Ask yourself this: Do you have the time, and do you have the expertise?

If you aren’t familiar with any of these things, I suggest you hire an expert. There could be legal consequences if you try to handle these things on your own without the right expertise.

My team and I have the time, knowledge, expertise, and resources to help you manage your properties.

So if you’re considering investing in real estate, would like more information, or have any other questions, give us a call or send us an email. We look forward to hearing from you soon.

Are You Joining Us on June 16th?

coachjoemendoza@gmail.com (Joe Mendoza) — Mon, 5 Feb 2018 07:08:00 -0800

June 16 is going to be a great time. I’m hosting a golf tournament in support of Boy Scout Troop 709!

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Friends, family, business associates, and everybody else out there, I just wanted to let you know to save the date for Saturday, June 16. At 11:30 a.m. at the St. Mark Golf Club in San Marcos, we’ll be teeing off for a golf tournament to benefit Boy Scout Troop 709, which my son and I are a part of.

I’m the Golf Committee Chairman, a Merit Badge Counselor, and Assistant Scoutmaster for the troop. This is just one of the things we look to do to give back to the community. By supporting the Boy Scouts and Troop 709, you are supporting America’s future. For over a century, the Boy Scouts of America has helped build the future leaders of this country by combining educational activities and lifelong values with fun. The Boy Scouts of America believes and, through over a century of experience, knows that helping youth is a key to building a more conscientious, responsible, and productive society.

This is a great way to spend a Saturday.

This is going to be a great way to spend a Saturday. Even if you’re not a big golfer, we’d love to have you join us for the dinner and silent auction. If you’re interested in helping sponsor a hole, we’d love to hear from you as well.

To learn more about the event and to purchase your tickets, click the link here. If you have any other questions for us in the meantime, don’t hesitate to give me a call or send me an email. I look forward to hearing from you.

What’s Keeping You From Investing in Real Estate?

coachjoemendoza@gmail.com (Joe Mendoza) — Fri, 12 Jan 2018 09:17:00 -0800

If you think it’s not possible for you to get into real estate investing, we want to help you.

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What’s stopping you from investing in real estate?

Could it be money? Perhaps you’re limited in what you can make by your profession.

Could it be time? This is a valid excuse for some, but guess what: We all have 24 hours in a day.

Could it be credit? Perhaps you’ve gone through a bankruptcy, a bad divorce, or lost your job.

Could it be a lack of knowledge? Perhaps you’re in a profession that has nothing to do with real estate.

If any one of these excuses applies to you, you’re in luck. My team and I want to help you invest in real estate.

We’ll do the job well and we’ll take care of you.

We have the time—real estate is something we love to do, and we’re committed to it.

We have the money—my business partners and I look at multi-unit properties and commercial buildings worth as much as eight figures.

Finally, we have the knowledge—I’ve been in the business for 20 years, and I have a partner who’s been practicing law for twice that long.

We’ll do the job well and we’ll take care of you. If you have any questions or you’re thinking of investing in real estate, don’t hesitate to reach out to me. I’d love to speak with you and get the ball rolling.

Let’s Make 2018 Our Best Year Yet

coachjoemendoza@gmail.com (Joe Mendoza) — Thu, 28 Dec 2017 08:42:00 -0800

I’ve been in the business for 20 years, and I want to use my experience to teach you how to bring value and wealth into your life.

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If you haven’t noticed, I’ve been marketing my investment company, McCormick National Holdings, LLC, quite a bit lately. Some people saw that change on LinkedIn and thought I had changed careers. I’m here to say that I’m still in the real estate game, but I’ve added an acquisition piece to my arsenal of real estate.

February 19, 2018 marks my 20th anniversary of becoming a real estate broker and professional. True to my word, I’ll be teaching you how to bring value to your life—whether it’s training, a great deal, or a great acquisition.

Folks, you can get rich in real estate. It’s true—you can earn a six- or seven-figure income. However, there’s a difference between being rich and wealthy. When you’re wealthy, you can do whatever you want with whomever you want whenever you want to do it. When you go on vacation and continue to get checks in the mail without having to do anything, that’s wealth.

What I’m talking about is buying apartments, commercial strip centers, shopping centers—creating massive, passive income.

When you’re wealthy, you can do whatever you want with whomever you want whenever you want to do it.

Over the last 20 years of work, I’ve helped fix-and-flippers make tens and hundreds of thousands of dollars. That’s a lot like being a broker, though. What I’m talking about in terms of generating wealth is buying and holding. We buy and hold real estate property, wait for the appreciation to go up or else reposition it and create tremendous value. We up the rent and hold it and create more massive, passive income cash flow.

If you do that several times over, guess what, folks? You created freedom—financial freedom and time freedom to spend with your loved ones, friends, and family.

I really want to encourage you to reach out whether you know nothing about real estate or want to know more. I’m a seasoned professional of 20 years, so let me help you. Let’s do this together and let’s make 2018 the best year ever.

We’re Hosting a Holiday Food Drive

coachjoemendoza@gmail.com (Joe Mendoza) — Mon, 18 Dec 2017 11:31:00 -0800

We’re partnering with the San Diego Food Bank this season to collect holiday food drive items. Here’s how you can help.

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We love our community here at Katcam Real Estate and we’re proving it this holiday season. In order to give back, we’ve decided to take part in the San Diego Food Bank Holiday Food Drive here at our office (100 E. San Marcos Boulevard Suite 400).

We’re excited to give to a great cause like this.

Please feel free to drop by, say hi, and drop off any donations between now and January 1. Here is a list of the items that the food bank says they are in the most need of at this time:

Canned chicken and tuna
Dry and canned beans
Cereal
Rice
Nuts and seeds
Peanut butter
Canned soup
Canned and dried fruit
Canned vegetables
Powdered milk
Infant formula

The food bank is unable to accept any glass jars or homemade food products, but everything else is fair game! You can also donate online here. If you have any questions for us in the meantime, feel free to reach out via phone or email any time. Happy Holidays!

Is Seller Financing Right for You?

coachjoemendoza@gmail.com (Joe Mendoza) — Fri, 1 Dec 2017 08:29:00 -0800

Seller financing can save you a lot of headaches, as well as a lot of money.

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Perhaps you’ve been curious about what benefits there are to seller financing. Today, I’ll be discussing what those benefits are.

1. It can lead to a faster closing. Typically on a single-family home, you’re looking at a 30- to 60-day closing, whereas on multi-family and commercial properties, you’re looking at possibly up to 120 days. With seller financing, it could be as little as 10 days to close.
2. There is no appraisal contingency. On a traditional bank loan, if a property doesn’t appraise what it’s selling for, and it’s down, you might possibly see a cancellation. With seller financing, you usually don’t even need an appraisal.
3. A seller continues to get monthly cash flow without the maintenance issues or tenant headaches you might see otherwise.

With seller financing, you usually don’t even need an appraisal.

4. There are no mandatory repairs. Sometimes with a traditional loan, banks may require repairs, which can be a headache. This is not the case with seller financing.
5. It may also be great for estate planning. In case you pass away early or unexpectedly, your property is secured by a promissory note, so the heirs on your property will continue to get the monthly benefit.
6. The seller will be named on the insurance policy tied to the property.
7. There isn’t a need for termite tenting; this is another expense you can avoid with seller financing.

Thanks again for visiting my blog. I’m actually in major acquisition mode right now with my partners, and we are looking for multiple properties—multi-units, commercial, and single-family—using seller financing.

If you’re one of those looking to sell, please call us first. If you’re thinking about doing it, please check with your tax and legal professionals, as that’s not my department. For any other questions, please feel free to call me.

Thank You All for Your Support

coachjoemendoza@gmail.com (Joe Mendoza) — Mon, 20 Nov 2017 09:41:00 -0800

Life isn’t all green grass and sunshine. It helps to have the support from all of you during the cloudy days.

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We all have those moments in our lives where things just don’t seem fair. I had a few of those this year myself. Not only did my beloved father pass away, but our home flooded as well. Although neither of those situations is fun to deal with, I’m so thankful I had support from all of you every step of the way.

To all the friends that stuck around, my clients that understood what was going on, and my wife and two kids who really saw it all.. thank you.

I want to add great value in 2018.

I have to bounce back stronger, and am looking to finish this year off strong. We are looking at multiple acquisitions, serving great coaching clients, and adding new members to the team.

I want to add great value in 2018. That is my New Year's resolution! Whether that be coaching you, mentoring you, helping you buy or sell a home, or building your real estate portfolio, that's what I want to do.

Have an amazing holiday. I am truly grateful for all of you.

How to Have a Major Breakthrough in Real Estate Investing

coachjoemendoza@gmail.com (Joe Mendoza) — Fri, 20 Oct 2017 07:51:00 -0700

Are you waiting for a breakthrough in the world of real estate investing? If so, I have a simple formula to help you today.

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What’s stopping you from getting involved in real estate and investing?

You may be waiting for a major breakthrough. I have a simple formula for you to achieve it called TFAR: thoughts, feelings, actions, and results.
If you have good thoughts about investing, you are more likely to move forward. Bad thoughts can stop you in your tracks.

If you feel good about something, you’ll want to do it more often.

If you feel really good about something, you will want to do it more often. If you feel bad, then you’ll want to hit the brakes and not do it anymore.

If you feel good, your feelings will create action, moving you forward to invest in real estate or start a fix-and-flip project.

When you’re thoughts and feelings are good, they guide you to take the right actions. When you take the right actions, you naturally get results you’ve been looking for.

I hope this simple formula helps you. If you have any other questions about investing in real estate, just give me a call or send me an email. I would be happy to help you!

What Are the 7 Keys to Investing in Rental Property?

coachjoemendoza@gmail.com (Joe Mendoza) — Fri, 6 Oct 2017 09:45:00 -0700

If you’re thinking about buying a rental property, there are a few questions you need to ask yourself and tips to keep in mind first.

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There are seven things to keep in mind if you’re thinking about investing in rental property:

1. Determine what type of property you will invest in. Whether it be a single-family home, a multi-unit property, a storage space, etc., it’s important to decide which property to invest in.

2. Are you going to stay local or move out from your area?

3. Are you investing for appreciation or a steady cash flow?

4. Location, location, location. Is your investment property next to a restaurant or beach? What demographic are you marketing toward for potential tenants?

Location is key when buying a rental property.

5. How will you pay for the property? Are you paying all cash or are you getting financing? I believe in leverage, so my advice is to leverage as much as you can so you can buy other properties and increase your net worth and cash flow.

6. Will there be any maintenance and/or repairs? If so, will you be able to handle them?

7. What’s your exit plan? Will you trade it up for a larger property and do a 1030 exchange, or give it to your children when the time comes? Or perhaps you want to cash out when the time comes?

If you have any questions about investing in rental property or you’re thinking about buying or selling a home in our San Diego market, don’t hesitate to reach out to me. I’d be happy to help.

Want to Learn More About Real Estate and Investing? Train With Me

coachjoemendoza@gmail.com (Joe Mendoza) — Thu, 21 Sep 2017 09:54:00 -0700

Today I’d like to invite you for a chance to receive personal training from me. At this exciting upcoming event, I’ll teach you everything you need to know about real estate investing.

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Today I’d like to invite you, to join me for an exciting opportunity in sunny San Marcos, California. Joe's VIP Offering: For a very Limited Time - $100 OFF with Promo Code "MakeMoneyNow"
When these tickets are gone, they're GONE!

At this event, I’m going to personally train you on the subjects of real estate and investing. This is a chance you definitely don’t want to miss. Sign up here.

Are you new to the business and are curious about real estate and investing?

Or, maybe you’re looking for more ways to generate leads and get more business. Even if you are generating leads, it can sometimes be difficult knowing how to close or convert the sale.

If you change your decisions, you can change your destiny.

Whatever the case is for you, this event is a great opportunity to learn more and improve your skills.

I can’t wait to meet you live and in person, so come out and join me on Saturday, October 14th from 9:00 a.m. to 4:00 p.m.

Remember, if you change your decisions, you can change your destiny.

If you have any other questions or would like more information, feel free to give me a call or send me an email. I look forward to hearing from you soon.

How Do You Know If a Property Is Right for You?

coachjoemendoza@gmail.com (Joe Mendoza) — Thu, 7 Sep 2017 09:58:00 -0700

Picking out a property, whether you plan to live there or use it as an investment, requires a lot of decision-making. Here are a few key tips that can guide you through this process.

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Whether you’re searching the market for a new home or for an investment property, there are a few things you should do while picking out properties.

First of all, look at properties you’re interested in at all times of the day. You should visit properties multiple times, in the morning, afternoon, and at night to see what’s going on. This will help get you a true feel of the neighborhood.

If the property is somewhere you plan to live yourself, test out the daily commute. Pretend as if you’re already living there by taking an early morning drive from the property to your place of work. When you leave work for the day, do the same thing.

Your commute will be a big part of daily life once you’ve moved—it’s important to know whether the commute to and from this property will fit your lifestyle.

Only you can decide what is right for you and your lifestyle.

There are other factors related to lifestyle to consider, as well. Find out if there are any covenants, conditions, or restrictions on the property that might clash with your lifestyle.

Conversely, these things could also help the value of your home. Only you can decide what is right for you and your lifestyle.

Don’t forget to consider items within the home itself. For example, ask yourself if there are enough bedrooms and bathrooms. To determine more complex details, hire professionals to inspect the property. Doing this will help you to uncover any mechanical, plumbing, or electrical issues.

Also, even though you have yet to move into the property—you should already be thinking about its resale value. This is especially true if you are in the military or if you anticipate a job change which might displace you from your current area.

If you have any other questions or would like more information, feel free to give me a call or send me an email. I look forward to hearing from you soon.

What Are the Roles for a Real Estate Agent?

coachjoemendoza@gmail.com (Joe Mendoza) — Mon, 7 Aug 2017 12:42:00 -0700

Today I wanted to break down the three roles that a real estate agent can take.

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Not all real estate agents do the same thing. There are actually three different roles that a real estate agent can take on.

One of the roles that an agent might have is a listing agent. Listing agents represent the seller. It’s important for the agent to figure out what price they’re going to set the home for, do all the marketing to get the home sold, and coordinate any showings. The listing agent should also be able to help coordinate any inspections needed on the property.

Another role that an agent may have is a buyer's agent. Buyer's agents first meet with the buyer to ensure they are qualified with a lender—they do this so they're aware of how much their client can afford. They will then start showing the buyer properties that fit their needs and lifestyle. If a buyer likes the property, then the buyer’s agent will help them put together an offer and start negotiations for the home.

It’s important for a dual agent to stay as neutral as possible.

Lastly, an agent may be a dual agent. This means that they will be representing both a buyer and a seller. It’s important for a dual agent to remain as neutral as possible and not disclose information that might jeopardize either the buyer or seller. However, in certain situations, it may be better to have two agents working on a deal, instead of using a dual agent.

If you have any other questions about this topic or you’re looking to buy or sell a home, please give me a call. I would be happy to help!

Are We Heading for Another Meltdown?

coachjoemendoza@gmail.com (Joe Mendoza) — Thu, 27 Jul 2017 10:02:00 -0700

A market correction is coming, but when? How bad will it be? We have the answers for you.

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Could we be on the verge of another housing market meltdown?

Absolutely. I’ve been in real estate for 30 years and the market corrects itself every seven or eight years without fail. The last correction was in 2009. We’re due for another.

Basic economics says supply and demand is a big indicator of where the market’s going. If our supply is consistently exceeding our demand, that will absolutely cause a correction.

We’re due for a correction soon.

Another key indicator with each is interest rates. When they go up, prices go down. The same is true for what builders are doing. When they are offering incentives for brokers to come in and sell their inventory, we know that demand isn’t quite as high.

Finally, the unemployment rate. At the time of the last correction, it was around 9.5%. Right now, it’s down to 4.6% nationwide, which means there are more people out there who can afford homes.

If you have any other questions for me about the market or if you’re thinking about buying or selling in sunny San Diego, give me a call or send me an email today. I would be glad to help.

How we Stayed Committed to Supporting Our Client

coachjoemendoza@gmail.com (Joe Mendoza) — Mon, 17 Jul 2017 13:46:00 -0700

“He went above and beyond in 2000. In 2000, one of his first home sales mine. I was one of his first clients and he actually sacrificed, maybe I shouldn’t say this, because he actually sacrificed some of his commission to ensure that I was happy. I had a termite infested pergola, like a backyard patio, and we didn’t catch it during the sale and inspection. And so I complained about it and he actually, to keep me happy as a client, he actually refunded me part of his commission. And at the time it was $500, I thought that was a lot of money at the time and I was one of his first clients. After that incident, I felt bad I took money out of him as one of his first clients, but he kept the customer happy and I alway refer people to him, I said there’s no other realtors I would go to beyond him. I tell them that he’s honest, fair, he’s smart and he has the experience in a difficult challenging industry and they’re getting one of the best when they hire him on.”

How We Made the Home Selling Process Pleasant

coachjoemendoza@gmail.com (Joe Mendoza) — Mon, 10 Jul 2017 13:43:00 -0700

“I want to let you know that Joe Mendoza is such a wonderful agent. He is so pleasant and so knowledgeable. If you call him or text him or send him an email he will respond right away. He is such an asset to the real estate business.”