Odell Barnes REO presents: The REO Show

The REO Show Episode 9 You Have To Get Free

This needs to be your year to get yourself in a position to get  financially free.   With 78% of Americans living paycheck to paycheck,  you cannot afford anything else.  If you don't get free, you'll remain a  slave to the system and will never be able to pursue your dreams.  With  recession on the horizon, government shutdowns and the costs of things  like health care, food and water all going up, it's time to realize you  cannot count on anyone besides yourself when it comes to getting free  from the rat race.  On this episode of The REO Show, we'll talk about the importance of  financial freedom, the mindset you need and some investing strategies  that can take you there.  We'll also talk about the top 3 areas that  wannabe investors seem to think are the most challenging:  1.  Finding the time to invest 2.  Finding the money to invest 3.  Having contacts to raise private money  Make it your goal to learn more this year.  Read more than you watch  Netflix.  Stay broke and start saving to invest instead of blowing your  paycheck.  Get yourself in a position to meet people playing at a higher  level than you.  Go to conferences and pay for the good seats.  Go to  10X GrowthCon with Grant Cardone in Miami and look for me in the VIP  section.  Let's network!  

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In this episode we talk about how you can quickly analyze properties  that you look to buy at auction online.  If you want to buy virtually  around the country, you need to study this and learn to develop your  intuition on properties.  It's difficult to be all places at once, but  if you want to expand your market, these analysis strategies will help  you to determine if a property is a good fit for you to buy and at what  price you should try to buy it.  Zillow, Realtor.com and iComps.com are some of the tools you can use to  evaluate the property as well as doing a virtual drive by of the  neighborhood on Google Maps.  Find deals to buy that others are scared  to go after and you will set yourself a part as a real estate investor.   Calculated risk is the name of the game and remember, that price cures  all.  If you'd like to invest for passive income, but don't have the time,  reach out to us and we can talk to you about partnering as an investor.   We'll find the deals, sell the deals and help you generate wealth and  cash flow while you do your regular 9-5.  For more information on this,  visit www.OdellBarnesREO.com or give our office a call at 321-286-8253

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In this episode of The REO Show we have new inventory available for the  new year.  If you're looking for some great deals on real estate that  are priced at pennies on the dollar, check out what we have available  today!  Don't forget, we offer owner financing on all of our deals!  We'll be looking for some guests to come on the show in 2019.  Let us  know some topics you'd like to learn more about here on our channel and  we'll do our best to get you educated by some of the best in the  business.  Be sure to follow us on social media as we're launching special deals on  properties and notes throughout the month of January.  

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If you're into setting big and massive goals, you'll want to take the  time to watch this video and take some notes.  This 8 step process to  getting your goals mapped out for the year is a game changer.  It's how I  went from owning just 6 rental properties to buying over 150 properties  in just a year.    

Step 1:  Get yourself in the state of a child on Christmas Eve.   Remember that feeling of excitement.  You were in a peak state.   Breathing deeply, sitting up straight, do some jumping jacks.  

Step 2:  Flush out all of your goals through what I'd call a brain dump.   Make it a Christmas list!  Suspend disbelief and get them all out.  

Step 3:  You have to get very specific.  Your mind cannot go to work on  generic things.  Make it precise.  If you want a Porsche, get specific  about the kind of Porsche you want.  A Blue Porsche 911 Targa with  carbon fiber accents, black rims.  You want to grow your passive income?   By how much specifically.  What's the exact dollar amount?  You want  to take a vacation?  Where will you go?  Where will you stay when you're  there?  Champions want EXACT numbers  

Step 4:  You have to have someone that holds you accountable.  Share it  with someone that you can check in with monthly to review where you are.   Maybe they're specific to share with someone that's good in that  space.   

Step 5:  You must read and visualize them at least twice daily as if you  expect them.  Dream boards are good for visualization.  Train yourself  on visualizing by putting up post it notes in places to remind you. Put  it in your phone as a reminder.  For me, it's every time I get in my car  or walk into my office.  I've got post it notes that say visualize.   Why this matters.  The more your brain sees what you want, the more it  becomes familiar and important the more you brain reveals the  information necessary to get it to you.  Expect them to happen.  

Step 6.  Deadline them with specific dates.  Set reminders in your phone  that you're "X" weeks out from your goal.  Alarms built into your year  will keep you pushing.   Step 7:  Write out your purpose.  Why do you want to achieve these  things?  If your why is big enough, you will find any how.  These have  to be COMPELLING REASONS.   My biggest reason that I never had before is  my daughter.  I want her to have an amazing life, so she's a big reason  for me on several of my goals.  This becomes your driving force behind  the goals and these have to be bigger than your distractions.  

Step 8:  Finally, what massive action will you take to get there?  Work  the goal backwards.  What actions are going to be necessary to get  there?

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In this episode I talk about some of my favorite people that I've  learned from over the years that were actually worth the investment.   Skip the guru courses, the get rich quick strategies from Tai Lopez.   Skip the click funnels courses.  Build real wealth over time with real  estate and get rich for sure.

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Please like and subscribe to our channel!  No gurus allowed!  Do the work!  Learn and master your craft as a real  estate investor.  Watch every video.  Read the books.  Attend seminars.   Network!  Stop spending tens of thousands of dollars on HGTV Star  seminars.  You can get the same value from YouTube channels for free.   This is a lesson I had to learn for myself, so I'm sharing it with you  so that you don't make the same mistake.  Real estate investing isn't brain surgery.  It's actually quite easy and  when I got past the limiting belief that I could only buy a few  properties a year, it changed my life.  We have bought over 150 houses  so far in 2018 and it wasn't because I discovered some secret sauce at a  seminar.  It's because I learned to get my mindset right.  I learned to  take information from everything I learned and put it together.  

Moral of the story?  Get your mind right and take massive amounts of  action.  If you're scared, that means you need to do it.  It means  you're on the right path.  

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Welcome to The REO Show Episode 003.  In this episode I discuss some  takeaways from The Note Expo in Dallas, TX this week which is an Eddie  Speed / Note School event.  I also discuss guru events like Tarek and  Christina El Moussa put on and never show up to to get your hard earned  money and then later pitch you again for more money down the road.    I'll also discuss my first Dallas Cowboys game experience, Bob's Chop  House and how to leverage fear to take massive amounts of action.  Don't forget to Subscribe to the channel and follow us at the following  places:  

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