Episode 166:
What you’ll learn about in this episode:
In this unique episode of The Mentor Podcast, host Ron LeGrand is interviewed by Debbie Waters, the marketing director at Global Publishing. They delve into Ron’s extensive experience in real estate, providing insights into both starting and scaling in the industry. Ron shares his personal journey from a struggling mechanic to a real estate mogul, revealing the strategies and mindset that propelled him to success. This episode is packed with actionable advice for both new and seasoned investors, covering everything from risk management to maximizing returns through smart investing practices.
Key Topics Covered:
- Ron’s Start in Real Estate: Discover how Ron transitioned from a mechanic to a real estate investor after attending a life-changing seminar.
- Fundamentals of Wholesaling and Rehabbing: Ron explains the basics of wholesaling properties for quick profits and the more involved process of rehabbing.
- The ‘Terms’ Approach: Learn about Ron’s strategy of buying and selling properties on terms, which reduces the need for traditional bank financing and minimizes risk.
- Wealth-Building Strategies: Ron discusses the long-term wealth-building benefits of investing in ‘pretty houses’ through terms deals as opposed to quick flips.
- Risk Management: Key strategies for managing risk in real estate investments, including the crucial rule of never personally guaranteeing loans.
- Systems and Processes: Insights into the systems Ron uses to minimize his workload while maximizing profits, emphasizing the importance of automation and using virtual assistants.
- Overcoming Challenges: Ron shares his early challenges and how overcoming these shaped his strategies and teaching methods.
- Advice for New Investors: Practical tips for those new to the industry, including the importance of education and choosing the right deals to start with.
- Ron’s Motivation and Legacy: Insight into what keeps Ron motivated after over 40 years in real estate and his passion for teaching others.
- Special Offers: Ron provides listeners with exclusive access to his educational materials and courses at promotional prices, aimed at helping new investors start their journey on the right foot.
Resources:
- Email Ask@RonLeGrand.com to get your questions answered
- Call 888-355-3832 or go to www.TheMentorPodcast.com/START to get Ron’s very special offer for just $897! This includes his: TERMS course, his Wholesaling course, his Land Trust Course and his Generating Quality Leads course.