Episode 79: Rick Doherty and Chris Cieslak: Making Millions from Shiny Objects

Published: Nov. 22, 2017, 8:53 a.m.

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The term \\u201cShiny Object Syndrome\\u201d is SPOT ON when describing these two AMAZING INVESTORS. These two bulldog their way into investments AND THEY MAKE GOLD while others twittle their thumbs in fear. These guys DO NOT HESITATE!!! (Disclaimer: All this is done after they run their numbers and they make sure the investment is sound and cash flowing\\u2026 most of the time.) RICK: \\u201cWe met at a local bank\\u2026 we started working at the same bank the same week about five or six years ago. Met at a local REIA group again\\u2026 unexpectedly\\u2026 we walked in at opposite ends of the room\\u2026 After about a year in to that we started buying and we haven\'t stopped.\\u201d KEY TAKE AWAY: Your future partner\\u2026 the person that will help you take your business to the NEXT LEVEL\\u2026 might be at your next REIA MEETING!!! Go to your local REIA meetings!!! CHRIS on their first deal and First Mistake: \\u201cWe talked about it for awhile through our cubicles at work. He (Rick) had a deal that he was trying to wholesale\\u2026 I didn\\u2019t even know what wholesaling was\\u2026 it was foreign to me\\u2026 It was a good deal\\u2026 I said \\u201cWe should buy it.\\u201d and Rick said, \\u201cI want to Wholesale it. I don\\u2019t think it is a good deal.\\u201d And \\u2026 we ended up leaving about 200K on the table. We were very green at the time\\u2026\\u201d THEY TOOK ACTION and created the beginnings of their partnership based on conversations about real estate and deals. For Rick and Chris\\u2019 FONDEST MEMORY of their first deal\\u2026 LISTEN IN!!! (A bit r-rated\\u2026) Continued to buy one property after another. Had a portfolio of 30 rentals that FIRST YEAR! Wholesaled 40-50 deals the second and third year. FOR NEW INVESTORS: \\u201cTry to have 2-3 outs with something\\u2026 you can wholesale, flip it, or rent it!\\u201d HOW DOES RICK AND CHRIS FIND DEALS??? They NETWORK. People BRING THEM DEALS!!! SOME CASHFLOWING SHINY OBJECTS THAT RICK AND CHRIS OWN: Rentals Commercial Buildings Storgage Units Car Wash and\\u2026 an OIL WELL!!! ON DOING ALL THE WORK: CHRIS: \\u201cWe\\u2019re not handy.\\u201d RICK: \\u201cStill not Handy.\\u201d ON GROWTH: \\u201cWe don\'t have good systems\\u2026 we are the system right now\\u2026. We are working on that.\\u201d ACTIONABLE STEP FOR YOU: \\u201cGet in front of Like minded people. Reaching out to people like us. Sit down and buy them a cup of coffee.\\u201d

WORDS TO LIVE BY: RICK: \\u201cI should have invited my wife\\u2026\\u201d \\u201cJust go out and do SOMETHING!\\u201d CHRIS: \\u201cHelp your brothers out and Do onto others as you would have done to yourself.\\u201d HOW TO FIND RICK AND CHRIS: https://www.facebook.com/JettisonCorp/ https://www.facebook.com/chris.cieslak.5 https://www.facebook.com/rick.doherty.5



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