Building Wealth One House at a Time with John Schaub

We live in an investing age where every guru is telling you to own 1,000 properties and to scale, scale, scale. And boy oh boy has that caused some issues for various folks. Yet that's the bill we are all being sold as the only option. John Schaub has an approach to Real Estate that is frankly contrarian to this Get-Rich-Quick way of thinking yet he has been wildly successful building wealth and a legacy for his family. John is one of Courtney's top 5 mentors/influences and in this episode you will get introduced to his powerful philosophy around Real Estate investing. He wrote her all-time favorite Real Estate book ("Building Wealth One House at a Time", 3rd Edition) that she has gifted to many, many folks over the years and frequently suggests investors of all skillsets to pickup and read. Many well known investors have been influenced by John like Robert Allen ("No Money Down" author) and Coach Chad Carson (Bigger Pockets author of "The Small and Mighty Real Estate Investor"). Courtney and John cover many topics in their conversations but some you'll want to pay attention to are: -some lessons he has learned as an investor since the 1970s -his views on owning a lot of properties/doors -his views on single family versus multi-family -what inspired him to write his powerful book, Building Wealth One House at a Time -the impact his very first investment has made even though it was at retail price -some lessons he has learned as an investor since the 1970s -among other important conversation pieces John Schaub has prospered during three recessions, four tax law changes and interest rates ranging from 6-16% in his 35 years as a real estate investor. His 2016 best selling book Building Wealth One House at a Time, 2nd edition, assisted more than 100,000 real estate enthusiasts on their way to successful invest­ing. His 2007 book, Building Wealth in a Changing Real Estate Market, is available online and in bookstores. John recommends buying better, well-located houses rather than cheaper houses and other management-intensive properties. Better houses are more profitable and far less trouble. He advocates paying off debt, owning properties free and clear, and renting only to long term, high quality tenants. John buys, sells and manages his own properties, and enjoys providing quality housing at fair prices for working families in his community. He teaches one Building Wealth One House at a Time seminar each year where students learn how to identify the best investment property in their town, how to buy it at below-market prices, and how to negotiate terms that guarantee a profit. John also invests his time helping those who cannot afford to buy a home through conventional sources through his work with Habitat for Humanity and the Fuller Center for Housing. John has served for more than 20 years on the board of Sarasota Habitat, 7 years on Habitat’s International Board and currently serves as the past chair of the board of the Fuller Center for Housing. John, a Florida native, is a proud graduate of the University of Florida, where he earned his B.A. from the College of Business Administration in 1970. He is an accomplished boat captain (power and sail), fisherman, skier (snow and water) and an instrument-rated pilot. John loves to travel, especially with his wife Valerie and their young adult children. To connect further with John, visit his website at JohnSchaub.com. Courtney promotes and suggests very few educators in the Real Estate space but any class John puts on is worth considering, all of his books are worth the read, any online training he has on his site is worth listening to, and the class John Schaub and Pete Fortunato put on every April in Tampa is one that Courtney attends yearly and frequently brings a group to. It is one of her must attends that she suggests. We hope you enjoyed the conversation and got something out of it to help you on your journey. If you would like to connect further with Courtney, visit CourtneyFricke.com. Courtney is hosting an Emergency Masterclass on Safe Subject To Deals in New Orleans on August 17th, 2024. This full day masterclass will have limited seating and tickets include lunch, a physical manual with added materials and paperwork, and the videos/158 page manual from her two-day class Mastering Creative Deals with Agents. You can find out more information at CourtneyFricke.com through an info video, the link to buy tickets, or you can send her an email with any questions. Email her here: Yourlocalrealestatesolution@gmail.com. Make sure to like, subscribe, and share this episode if you found value in it. Thanks for tuning in! More episodes being uploaded weekly.