Tre Riggins – Atlanta, Georgia
I believe the best way to learn the business of real estate investing is to hear how others have done it.
When these interviews were recorded, I asked Tom, the interviewer, to ask questions that would help the viewer see how these folks got started.
I wanted to hear the struggles, the successes and a clear path and explanation of what they had to do to make these deals happen.
I did NOT want them to be a bunch of people telling you how wonderful Joe Crump was. I wanted content, examples and real life experiences.
I hope we succeeded.
My 6 month mentor program:
A few Case Study Video Interviews with my Students:
Good Instruction Is The Key
Tre: My name is Tre Riggins. I’m from Atlanta, Georgia, but I currently live in the market that I’m doing is in South Carolina, in Charleston. And I guess I’m now a little bit, I’m about half way through the six-month, and it’s, it’s been, it’s been very, very useful, informative. I’m currently teaching, right now, so I’m not doing it full time. And it, I’m, I’m putting in the time to make the calls and what not, so it’s not like I’m not getting on the phone call, on the phone calls. But it is difficult to put all of the pieces together given my schedule. So it’s, it’s, we’ve gotten some memos back. But nothing has closed yet.
Tre: I heard about Joe basically through Ozim and I’m not actually sure how I, how I first heard about him but I bought some things from him, some of the, the courses and I was in one of this programs and he talked, he talked about them a lot, how he got his start and, I kind of wanted to get some information from, I guess, with the source. So, that’s how I found him.
Tre: So, I started in Boston, and there was a real estate group there who had AREA, it was really into apartment complexes and rehabbing and so that’s kind of the formula that I started with. Buying and selling rehab properties and hopefully flipping that into larger properties. And I did that for a few years and, you know, we were able to do it. But it’s, it was a lot like having an adult daycare center, and the contractors would say they would do something and they wouldn’t, and just the whole rigmarole of following up with that, it didn’t, again, really fit with my personality. I didn’t enjoy that. So, I got some information about wholesaling from a different person and it sort of handled some of the issues of the logistics of it and it freed up a little bit of time. It was still a little difficult for me to actually make it consistent.
Tre: It’s like, each one of those had a little step of efficiency from rehabs to wholesaling to the For Rent Method. Each one had a little improvement on the last thing that made it a little easier to do.
Tre: There was, there were times where, there were gaps in information, I guess. Joe is very, very thorough. Sometimes you feel like you’re drinking from a water hose because there’s so much information. But the fact that there is that information and there are so many pieces that are there for you to refer to it’s defin- it, for me, too much information is a lot better than not enough. So, that’s definitely an aspect that you see in his program.
Tre: I still had the issues of not necessarily things being consistent. You know, I was able to get buyers, or, in one market. I was able to get sellers in another market. But it was too rare that I was able to get both sides of the transaction in one market at the same time. And so, you know, especially with the automation that Joe provides. It seems that it’s a lot easier to make those things happen.
Tre: The automation does make it more consistent. There’s just more information in general that kind of eliminates some of the gaps in other training. It’s a lot more, not necessarily formulaic, but it seems to be laid out in a very concise and methodical way. Whereas, you know, other “gurus” they might have good information but it might be sporadic and it might, you know, might be out of order, out of sequence and it’s kind of hard to piece all of it together and particularly with the Mentor Program, he’s very responsive. You know, if you have a question, then he, I love the way that he actually, he goes through your email on his screen and gives you screencast as he’s talking to you, make sure that he addresses all of the issues that you have. So it’s kind of hard for things to fall through the cracks.
Tre: Well, one thing that I’ve already incorporated is his idea of getting a promissory note. And that’s already, some of the things that are in process that I haven’t closed yet. It’s made it possible for me to potentially double the down payment that I’ve gotten. So instead of getting, I guess it’s $3,000 down, I’m getting $3,000 plus another $3,000 on promissory note. I didn’t know that before, you know, Joe’s instruction. You know, I talk a lot. I talk a lot and I think one of the things that is really helpful about what Joe is providing right now is guidance on me closing my mouth and listening to what it is that people are saying to me. It just, that practice, which I’m not very good at, is, it’s a useful thing to be able to do. You need to be able to listen to people and let them come to their own conclusions about what the solution is. And you know, that’s been a struggle for me. And his insistence on me doing that I think is going to make me much more effective. It already has. I mean, I can see the difference in the tweaks that I’ve done just over, like, the past three coaching calls, that’s been a focus and you know, as we go through the weeks and I make these, these adjustments, you can see that I’ll get, the conversations are longer, you know? I’m getting more out of it and it’s a tangible thing that you can see that that skill and that very important area is being developed because of the attention that he had to it. I didn’t even know, I mean, I guess I didn’t know, I can’t say I didn’t know that I needed to do it, but his, his insistence on my being aware of it and focusing on it is going to make it, I wouldn’t have improved that area without that guidance.
Tre: So he says that you should wait three months before you, before you do it. I think what’s in the pipeline, I’m comfortable enough with what’s happening, and I think I’m disgruntled enough. I’ve already given my resignation, so, I won’t be doing what I’m doing now next year. I’ll be full time.
Tre: I felt confident enough in the material and the responsiveness of Joe. It was even before I started getting the kind of responses that I was getting. So, before there was necessarily a change in the response or, you know, actually signing memos and things like that. I had already, well, no, I guess I can’t say that. After I got my third memo, I figured that it would work. And I felt like with his guidance and the way that he is so responsive to the questions that I had I was pretty confident that if I can be as minimally effective as I am now, you know, after school, you know, once I don’t have to spend eight hours of every day doing something else, I just don’t see how it can’t be effective. Obviously, you know, good instruction is key. You know, it’s, you, it’s very hard to do something if you don’t know how to do it and this program definitely has, it has laid out a lot of the information in ways that are much more clearly stated than anything else I’ve ever seen. And again, even information that’s very similar, the person who invented the process, I feel like Joe actually conveys it, at least to my personality, a lot better. So, it’s, I have been around real estate, especially creative real estate investing since 2001 and I’ve read a lot of courses, a lot of books and I am very impressed with Joe’s stuff.