Real Estate Underground

Revealing The Missile Secrets To Investing Success, with Bud Evans

January 30, 2024 Clark St Capital Season 3 Episode 104
Revealing The Missile Secrets To Investing Success, with Bud Evans
Real Estate Underground
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Real Estate Underground
Revealing The Missile Secrets To Investing Success, with Bud Evans
Jan 30, 2024 Season 3 Episode 104
Clark St Capital

Welcome To The Real Estate Underground Show #104! 
  
 In this episode, we're excited to have Bud Evans back, the president of Aim High Properties and a real estate investor with a diverse background in the military, law enforcement, and public service. He owns properties in New Jersey and Pittsburgh, ranging from family homes to commercial multi-family properties. Additionally, he serves as a real estate investment coach for Tarek El Moussa. 
  
 In this episode, you'll discover: 

  •  Why Bud chose real estate and his unique journey into the field. 
  • Insights into their new property management company. 
  • The systems they use to run their business, including Asana, Slack, Gmail, Motion, and Zapier. 
  • Details about their acquisition process. 
  • The valuable advice Bud received: "Invest in your people; the people make the mission." 

For more on Bud and his investing business, management services, and coaching program, connect with him on Instagram @bud.evans or check Facebook for the Aim High REI group. Join for free and explore his podcast, Aim High Podcast, for additional insights. 
Tune in for a wealth of knowledge from Bud Evans on real estate, management, and coaching! 
 
Resources:  

Additional Resources:

Show Notes Transcript Chapter Markers

Welcome To The Real Estate Underground Show #104! 
  
 In this episode, we're excited to have Bud Evans back, the president of Aim High Properties and a real estate investor with a diverse background in the military, law enforcement, and public service. He owns properties in New Jersey and Pittsburgh, ranging from family homes to commercial multi-family properties. Additionally, he serves as a real estate investment coach for Tarek El Moussa. 
  
 In this episode, you'll discover: 

  •  Why Bud chose real estate and his unique journey into the field. 
  • Insights into their new property management company. 
  • The systems they use to run their business, including Asana, Slack, Gmail, Motion, and Zapier. 
  • Details about their acquisition process. 
  • The valuable advice Bud received: "Invest in your people; the people make the mission." 

For more on Bud and his investing business, management services, and coaching program, connect with him on Instagram @bud.evans or check Facebook for the Aim High REI group. Join for free and explore his podcast, Aim High Podcast, for additional insights. 
Tune in for a wealth of knowledge from Bud Evans on real estate, management, and coaching! 
 
Resources:  

Additional Resources:

Ed Mathews: 

So the big question is this how do real estate investors who don't have a ton of free time, don't have access to off-market deals and didn't start life on third base, how do we conservatively grow our real estate business to support our families, finally leap the corporate rat race and build a legacy? That is the question. In this podcast we'll give you the answers. I'm Ed Mathews and this is Real Estate Underground.

Ed Mathews:

Greetings and salutations, Real Estate Undergrounders. It is Ed Mathews with the Real Estate Underground podcast. Thank you so much for joining us today. Today is a conversation with someone who I met. Gosh, it's got to be a few months back. I had the pleasure and honor of appearing on his podcast and it was such a good conversation. I begged and pleaded him to find half an hour to do our show as well, because he's a wealth of information and today is the day. So, bud Evans, welcome to the show. Aim High and thank you very much for your time and willingness to speak to me and our audience today. Welcome.

Bud Evans:

It's an absolute pleasure being here. I love talking to you. First off, I enjoy any conversations that you and I have and we get to talk about real estate. This is like the trifecta of perfection. No, not at all. It's just a perfect thing. 

Ed Mathews:

Couldn't be any better right?

Bud Evans:

No, not at all. It's just a perfect thing. 

Ed Mathews:

Right. So for those of us out there that may not have come across you on social media or ran anything from you or watched any of your videos, why don't you tell us a little bit about who you are and what you do? 

Bud Evans:

Yes, absolutely so. The long story short, I am a retired police officer of 13 years, retired military officer of 34 years, former mayor of Cinnamon's and real estate investor. I'm licensed in New Jersey but I operate in New Jersey and Pittsburgh, PA, with single family homes as an investor. I'm a real estate investment coach for Tarek El Moussa. I teach the Burr method, commercial multifamily analysis, property management, velocity and infinite banking. We can go down a whole rabbit hole on that. I've underwritten about $100 million personally in deals and created a personal real estate in the tens of millions. I am currently the president of Aim High Properties. We are a parent company that owns eight subordinate companies, ranging from owning real estate to property management all the way to no kidding a hair salon, and I did that all in the last four years. 

Ed Mathews:

Wow, four years. And with very little sleep, I assume. 

Bud Evans:

Yes, yeah, no, I don't sleep. 

Ed Mathews:

Yeah, good. Well, it's obvious because you're a busy man. So, yeah, right, better living through caffeine, right, mm-hmm? Hey, so in terms of your career choices and how you landed in this part of the world, I mean obviously you've done a lot right. 

 

I mean, you've run a city in New Jersey, You've served this country both as a police officer and an officer in the Air Force, and so, first and foremost, thank you for that. But I'm curious obviously you're a capable guy. Why real estate as opposed to opening up chain of hair salons or nail salons, for instance? 

Bud Evans:

Yeah, that's a great question. I'd love to tell you that it was a quick and easy transition. It was not.

Ed Mathews: 

Right.

Bud Evans: 

Back in the early 90s, I owned a restaurant. I've always had an entrepreneurial spirit. I failed miserably, but that was okay, because one year later, one year after I failed, I wound up being a police officer and then coming into a bunch of things that allowed me to get my first college degree and continued on from there. Then I had always thought I sound like one of the guys that come to me, one of the students. I've always thought about getting into real estate, but I didn't know where to start, so I got into fast forward several decades. 

 

2014, I started finding out a little bit more about politics. 2016 got elected to committee, got involved in economic development. I really enjoyed that. It's planning out the structure and how your taxables, your rateables, are going to be devised, what companies are coming into your town, what zoning is going to look like. Nobody likes zoning, but I liked it. Then, all of a sudden, the military told me hey, not only are you not supposed to be mayor, but you are never supposed to be mayor. You need to resign now. That happened in July of 2018. So I said, oh well, okay, no problem. Turns out that there was some law on the books from the 1930s that nobody knew about. In fact, the Jag actually signed off on it and told me good luck. 

Ed Mathews:

No kidding. 

Bud Evans:

No kidding, yeah, no kidding. Now I got 40 to 50 hours of my life back and I said you know what that thing that I was thinking about for all those years and wondering what that was going to be like. When I was a cop, I had a friend of mine who was invested in real estate and he was living the dream. He'd go away whenever he wanted. It wasn't really a big deal. He owned a couple of quads down in Upper Darby, Pennsylvania, and I figured, well, let me try it. So I got involved in auctions and tried to go to the county courthouse, steps and all this and I, man, I was all over the place. I had no idea what I was going to do. I joined a mentorship program at the end of that September 2018. The next thing I knew I was doing everything that I teach people to do now, which was go and chat up real estate agents how to connect with wholesalers, where to find these guys, how to find deals and consistently get those deals brought across your desk. 

 

And then so, January of 2019, I started with my first flip. I finished my first month of actually why not October? Why not October to December? Because I was actually sent down to Texas. So while I was in Texas I bought my first flip in New Jersey, living down there in training in Texas, came home and knocked that thing out of the park in January, at the end of the first month. We wound up not only with that first flip, we wound up with two rental properties under construction and I never looked back. First two years we did 10 wholesale 30 flips, 21 rental properties. Now we're over 100 flip. We've done 100 doors. I matter of fact, I have an appointment tomorrow looking at a multifamily property student housing at Baylor University. 

Ed Mathews: 

How fantastic! 

 

Bud Evans: 

So it's been a ride man. We just started our property management company here in New Jersey. That's going to kick off. I just had a meeting yesterday. That's going to kick off in full one October. 

Ed Mathews:

Yeah. So let's talk about the management company for a second. It's interesting you know here in, so I'm in Connecticut, you're in New Jersey. In Connecticut, you have to actually be a broker to be able to run a property management company. To my knowledge, I think it has to do with collecting the rent. So you're saying yeah, so I assume New Jersey is similar. 

Bud Evans:

Yeah, there are exceptions to that rule. You have to be a part owner of the property that you're managing, and then you can without question you can manage your own properties, but I am partnered with a broker. 

 

Essentially, what we did was one of his agents, a friend of mine. I'm actually my single hangs with this broker. I'm licensed in New Jersey, so we have been working on this process and now his agent is going to place my properties and he gets his fee. My I am now a service that is provided by his brokerage Fantastic, and so for everybody. 

Ed Mathews:

Absolutely and certainly something that makes their clients' lives a whole lot easier, when done really well, right and you know, given your experience, I have no doubt that you're going to make a whole lot of people successful. So it's interesting. I see a theme in your life right, and it's clearly service right. You've served your country, you've served your local community. You're serving the real estate world not only as a property manager, but also as a mentor and coach. So let's talk about that a little bit. 

Bud Evans:

Yeah, okay. So almost two years ago I got a phone call from an acquaintance of mine who basically introduced me to Tark El-Musa from HGTV and he was like hey, we're starting this new program, We'd love to have you come on board. And I said, great, jump right into it with both feet, took on a few students, figured well, primarily they're on the West Coast and some in Central, some very few on the East Coast. And I figured well, since I'm doing this, I might as well do it for myself. So I started the cater towards some vets in the area and some first responders and specifically we deal with them and how to use the tools that they have in their toolbox to get rental properties, hold rental properties and then make a decision later on on whether or not they want to stay in the field they're currently in. 

Ed Mathews:

Yeah, excellent. It's funny, the three of the most successful people I know in my circle of friends one is a property manager, yep, one is a cop and the other one's a fireman. So you know it's interesting. And I would add a fourth to that a guy I grew up with his dad was a plumber, who's the town plumber and this teeny tiny down I grew up in, and you know it's amazing, I think part of it is, you know, just the fact that people that come from that vocation in its various form tend to be highly bright and organized. And you know they're all about systems and process and procedure. Am I getting that right? 

Bud Evans:

Yeah, I call it my PPC process and procedures and checklists, right. So with those you can't lose, man. I mean you can lose, but yeah, but it's really mitigated. You have to work it. 

Ed Mathews:

So, so let's talk about systems. You know, obviously you've had a lot of experience with flips. You know and I think that's Tarek’s, you know, primary focus is flipping, right. I've seen a show on TV, that's why I'm a. And obviously the with multifamily which you've gotten into. So you know in terms of what is your view on systems and you know how do you run your business. 

Bud Evans:

Yeah, so there is. So OK, so I am big on technology. In case you know, nobody's aware of that there are so many ways that you can and so many different systems that you can go down rabbit hole after rabbit hole and just blow money left and right. There are a few systems that I that I use, like we use Slack for communication. We're as we grow the property management company. Right now we're on the free version. As we grow the property management company we'll go on to a team version of that. 

 

I use Zapier. So when I have an assistant I'm going to say it again he gets mad at me. Everybody needs a Ron. Ron Reyes is my, is my executive assistant. That guy keeps me in line. 

 

We use a system that's called Motion. It's a, it's a calendar that he can task me and it will find a space on my calendar. That will, you know, kind of plug and play. So that helps a lot. So essentially, what happens here is we use a Asana, Slack, Gmail and Motion and we use Zapier to connect all of those systems. So we take if, if Ron gets an email that says something to the effect of hey, I need this receipt for this roof or the insurance company is going to this has happened today or the insurance company is going to raise your rates, you know, and no problem. Ron clicks the star button in Gmail and immediately transfers over to a Asana. Not only does it create a link in Asana, it sends me a notification in Slack while dropping an AI base 30-minute calendar blocker into Motion, and it finds where it should go in my calendar and then drops a task. Wow, yep. 

Ed Mathews:

Wow.

Bud Evans: 

Love it, love it. 

Ed Mathews:

So, man, I thought I was a geek, all right. So so I'm going to you know, for those folks listening out there, what I'll do is make sure that all that technology is is in with links, is in the show notes, and if I can get, if I can get Bud to to break down the the workflow, I'll even, I'll even flow it out for you, if that's OK. 

Bud Evans:

Yeah, that's fine it's. It's really not hard. Zapier has on their YouTube channel. Zapier has a way to set all of this stuff up. 

Ed Mathews:

It's amazing what you can accomplish and you know. The thing is that at least two of those tools I heard are free tools, right?  Slack, Gmail. 

Bud Evans:

Yeah, Slack is free, Motion you have to pay for. Zap is if you go with the free version in Zap you can set up like I think five or six, I think yeah something like that Somewhere in there. 

Ed Mathews:

You know, and for a small operation, which you are not, you mean you're a much larger operation. You know, getting started, that's a. That's a pretty easy bill to pay every month. Right, I mean Motion. I want to say it's like what? 20 bucks a month, 20 bucks. 

Yes, something like that Right? 

Oh, fascinating. Ok, and so you know. You mentioned Ron, and everyone does need a Ron. My Ron's name is Janice. 

Bud Evans:

Yeah. 

Ed Mathews:

And you know I'd be lost without her. I might, as I'd give up my left arm before I'd give up. You know Janice working for us, but the you know I'm curious about your team. You know, in terms of what you look at to operate, you're doing a lot of different stuff, right. You're doing a bunch of flips. You're doing a whole bunch of. You know you're buying multi-family and so I'm curious how you keep all that straight and what the team looks like to help you manage that. 

Bud Evans:

Yeah, are you ready? Because we just went through a contraction, we, we cut our entire acquisitions team, you know not, not in a bad way, you know. No hard feelings to them, no hard feelings to us. There were things that were moving in a direction I I'm trying to get out of single-family home flipping and move entirely into buy and hold not only single, and I am a single-family guy up to 20 units, as long as I can buy it myself and hold on to it myself for an extended period of time and take the deduction of either 27 and a half years or 39 years, I'm all about it. So you know, anything above five units, I'll pick it up. 

Ed Mathews:

And so so you're handling, I assume, acquisitions directly, or does that come through Ron, or how does that work? 

Bud Evans:

Yeah, yeah. So great question what we do is we vet it. It's. It's very simple. What? When you get these notifications, we essentially it auto drops into a spreadsheet. The spreadsheet does a calculation on the ARV, the asking price, and it estimates a rehab based on the square footage. Drops that into a Google Sheet. Google Sheet spits out a number and like within seconds, it's, it's just like I'll get a text message. We use a system called OpenPhone, which everybody's got their own line. It's really nice and it's just very simply. You just drag and drop and boom, it automatically fills and you can tell in 30 seconds whether or not it's even a deal. Whether I look at it or not, at this point you know how it is. You look at a deal and it's like ARV, is this? It's a 2,100 square foot house and they're asking this and you just go yeah, that's you know, before you do any numbers before.

Ed Mathews:

Right. Yeah, I mean, it's funny. I keep having this conversation with investors every week, you know, during the show and offline and by networking and stuff. I have this conversation the one you just alluded to three times a week where it's yeah, I understand that you know this building was worth what you say. It's worth in 2021. The problem is terms. We're in 2023 and they're very different, right? So tell you what, if you give me a 3% mortgage for 30 years, I will buy at that price. Well, I don't know about that. Well then, you can do. You know of a bank that's giving 3% mortgages. No, okay. So then here's the problem. You know my debt has doubled in cost from 3% to. You know, let's say, it's 6%, 7%, it's at least 7%, and it doesn't pencil, my friend. So what are you going to do? Right? 

Bud Evans:

Yeah, and especially in our section of the country where the taxes are stupid, you know, and they're like oh well, it needs the 1% rule, great, I need 1.3% just to break even up here, you know, over here in Jersey. 

Ed Mathews:

So Right, yeah, fortunately, that's one of the things that Connecticut has a little bit over Jersey is that, while our property taxes are expensive, they're not quite Jersey level. They make us pay taxes on our cars and other things instead. So all right. So, in terms of acquisitions, I'm curious. Now, obviously, you're focusing on and you're going through, actually, what I did about a year ago. So, and trust me, the water is really warm on this side of the ocean, so it's all good, but the you know I'm curious about the you know your acquisition process now. 

Is it primarily? I mean, you are a broker or a realtor, so that's got to help, you know having access to MLS and the other listing services. 

Bud Evans:

It does. We have an automation for that, believe it or not? 

 

Yeah, we have a Bard, the Google version of ChatGPT. ChatGPT now integrates with Zoom so you can pull it from there. You have to have the paid version for that where you can just drop. You know I have my buy box in both systems. The problem with ChatGPT is that it doesn't spit out a Google sheet where bard.google.com it's their version of ChatGPT will actually spit it into a Google sheet which makes me, you know, a lot easier to just grab and drop some, some formulas in there. And then it's just so much easier so we use that. But we also have MLS stuff through Zillow. You know, through that integration getting kicked out to us in the buy box that we're looking for. 

 

So single family homes, three bed, one bath, 1,100 square feet. You know, if it's a two bed, one bath, we're more than happy. If it's as long as it's over 1,000 feet, because I'll find a third bedroom, depending on the area. It's certain zip codes, it's all keyed out that way and it's in a prompt, so it just and we don't like, we just leave that on the side and every, every week, we'll just go in there and click please repeat that process and you know, pops out we, you know, or we go into Bard. Please repeat that process, because now they have their history on the left hand side as well. So I have something called real estate GPT. It's my prompt for that particular thing and it works on both. Yeah, the same prompts works on both, except that one of them is integrated with Google and one of them not currently, because they've just they've stopped it, but it was integrated with Bing. 

Ed Mathews:

Yeah, yeah. So how did you learn how to do that? Is that a trial and error? I mean, you are fairly technical, obviously, but did you, did you just one day figure that out? Did you hire somebody? Or is there a YouTube video on that as well? 

Bud Evans:

I am a sponge for useless information. It's not useless, it's useful. Yeah, it is, it's very useful. I love it. I, you know, really enjoy figuring things out and finding integrations, and if we can use that automation to save me time, because time is everything right. So if I can save time, then I can do other things, like go on a podcast with Ed Mathews, and here you are. 

Ed Mathews:

So clearly you're doing it well, you know. So the other, the geek in me, is thinking all right, well, you pull the information from Bard, you plug it into a spreadsheet that calculates a go-no-go in terms of the numbers and there's got to be some other integration where it populates a letter of intent so that you can email it out. 

Bud Evans:

Not yet. Not yet no. 

Ed Mathews:

Well, I'll tell you what. I'll develop that end of it as my contribution to the, to the game. 

Bud Evans:

There we go. We'll develop Clark Street Capital.

Ed Mathews:

Sure. Why not? So okay. So, hey, let's, let's get into the final four, and I warned you ahead of time and these are not very hard, but hopefully we'll get you thinking a little more. So, you know, in terms of mentors, right, I mean, everybody has had, you know, you've had Tarek and I know you've had, you know, officers in the military who have impacted you in a significant way. You know, I'm curious about the advice you've gotten. You know the best advice you've gotten and you know, frankly, who gave it to you. 

Bud Evans:

Yeah. So I wish I could put my finger on one piece of advice specifically. You know, I I will tell you that there was one colonel who really kind of sparked when I got commissioned. So I did 19 years enlisted and then did another 15 because I didn't suffer enough as a commissioned officer and I had a lieutenant colonel who told me you know, invest in your people, the people make the mission. So that's that was kind of the best advice that I had ever received and, in all honesty, it's kind of how I run my company now, where we have our, you know, we have our core values integrity, service, excellence, have fun doing it and be over communicative, right. 

 

So it's talk all the time. It's talk all the time. Man, it's easier to get things done if you over talk the issue and have that open lines of communication from the top to the bottom. It doesn't matter. And the same thing goes for property management talking to your tenants and all that stuff. So I let them run themselves, I let them police themselves, and then just kind of heard the cats. But we were able to do that because what he was actually saying was you work with some of the best and brightest people on the planet. This is the United States Air Force. These guys are highly motivated, intelligent people and intelligence is a career field, not necessarily a requirement, but our guys were really sharp, so let them go See what they give them directions, say, hey, I need this, and then just hands off and watch the sparks fly. And that is some of the things. Some of the things that we have done over the last four years have simply been because of that mentality. 

Ed Mathews:

Yeah, it's amazing what I worked for a guy, one of my mentors in my technology world. You know Rob Bernstein. He said, you know, he constantly said it, you know the company with the best team wins almost every time Right, and he was right and you are right. So would you look at it, colonel? All right, so I'm always. You know, you said you're a sponge, so I'm going to put you to the test here. So the question I always ask you know, and it's based on my fundamental belief that leaders are readers, right and so, but reading these days really isn't necessarily, you know, a physical book. Right Doesn't have to be a physical book. It can be a YouTube video, a podcast. You know blogs, whatever audible books. You know audio books. So I'm curious in terms of how you take in information, and I'm also curious about who you're paying attention to these days. 

Bud Evans:

Yeah, big on. Gino Wickman Just finished another EOS model book. That's how we're gearing this property management company to function, with the basic three sales, marketing, operations and finance. And so we're taking that and we're building on that. So we just picked up an agent yesterday. I have two finance people that we picked up One we picked up about a month ago, Arisa out of Houston. 

 

Everybody, except for the people that have to be here, you know, like project, I'm ops, right, so I kind of have to be here and then all I'm basically doing is sitting in the control center right the command center. I'll sit in the command center and I'll have all of the all of the ducks running for me. So all of the contractors and whatnot will have them running. But phone calls come in to me and I actually engage with the tenants and talk to them. But so, gino Wickman, I use the EOS model in that way. 

 

A couple other things that I'm really big on is essentialism. I have a limited number of t-shirts. I have a limited number of joggers. I'm wearing flip-flops right now. That's my uniform of the day right, pretty much every day, and it's my wife's like are you wearing that same t-shirt? I'm like well, yeah, of course Steve Jobs had it right. Steve, you wore a black turtleneck, a pair of Levi's you know in the same shoes every day. You had a black belt that matched. What decision do you need to? Is there a more important decision I could be making right now than what am I pulling out of my closet? 

Ed Mathews:

Absolutely, I wear. I have six of these shirts. I do the exact same thing, and in the summer they're khaki shorts, in the winter it's a blue jean, jeans or khakis and a long sleeve version of the shirt, and that's it. 

Bud Evans:

Right, that's. Greg McKeown wrote a book called Essentialism and fantastic book. I'd highly recommend it. There's obviously Verne Harnish Scaling, The E-Myth Revisited. You can go down the list. How do I take it in? However, I can get it. I've had people that were like, hey, bud, thanks for doing this, here's a book. Cool, thanks, man, and I love it when it's like obscure. Hey, here's a lesson that I learned. Right, The Subtle Art of Not Giving an F. Somebody sent me yeah, that's a great. 

Ed Mathews: 

Yeah, that's a great book. I just finished that book.

Bud Evans:

Right as it came out and I was like, oh my God, this is so cool. And then I found out that it was on audio and the author was reading it. So I had to go into Audible and I had to pick that up because, oh my goodness, if you think the book is good out his voice with the accent then you're going to love it when he's Right. 

Ed Mathews:

That's how I listen to it. Yep, yeah. 

Bud Evans:

I use Blinkist, for if I need to get something in here quickly, I use Audible. I use Audible a lot. If I'm not reading a book, I'm listening to a book, and then, obviously, old Faithful, here, there, I've just got a library downstairs. And it's not just. I don't just read real estate related books or business related books. I make sure that I'm into autobiographies, biographies, historical stuff. I read a whole series about patent.

Ed Mathews:

Some more leadership focused or mindset or?

Bud Evans:

All of it? Yeah, everything. 

I can. Anything that will make me a better person. I'll listen to it. 

Ed Mathews:

Fantastic. 

All right, well, hey. So a question I have. I mean, you've done a lot in your professional career and also your personal life. The question I'm always interested in is if you had to start over, if some yokel on a podcast waved a magic wand and took it all away from you, but you could bring back what you know today. What would you do differently? 

Bud Evans:

Yeah, I'd concentrate more on the who, not the how. I did not scale fast enough the first time and then when I did scale, I chose the wrong people to scale with and in two years experienced some serious burnout, had to pull everything back. And then I tried to scale again, but I did it the wrong way again and then we wound up having a couple of really bad flips that we had to deal with, took a couple of big losses on those and then righted the ship, got into the who, not how, mentality and immediately started oh wow, this is what smooth sailing feels like. I was a duck on the water, where you see the duck just kind of moving this way, but underneath his feet are like that was me. 

Ed Mathews:

So was it the wrong people in the wrong roles, or was it training? Yeah, I'm curious. What was the difference between failure and…

Bud Evans:

I will tell you that there are a couple of lines of thinking on this. First one is if you hire good people, you can train them to do anything. That's not accurate. If they are not an engineer, I don't want them building my plane, right, right. So if, but if they are a highly capable person and they are really good with numbers, then obviously and they're QuickBooks certified they can be in my finance section. But the question that I ask everyone that I hire now the secret's out and I'm going to give you the question that I ask every person, that is a make or break question. 

 

This is an actual knockout question is when is it okay to break the rules and you let me know when you've done that law. When is it okay to break the law and let me know when you've done that Right? And the simple answer is never. You'd be surprised at how many people say well, if it's a matter of life or death, hang on, we're in real estate, let's reel it in a little bit. We're not in the military right now. 

 

Bud Evans:

Right. So let's go back and rethink that assessment. But if you had, you know, to break the rules or to break the law, when is it okay to do that? And the answer is no, there is not, there's not. I just told you our core values, right, and the first one is integrity, and if you don't have it, you can't work with me, right? So if I ask you, give me a no BS assessment of what is right and wrong with this current project, you can't sit there and say, well, but you know, maybe this and maybe that, no, no, no, hey, bud, this is the way I see it, this is my analysis, and this is why it's going to fail miserably and it's going to cost us this much money. 

Ed Mathews:

That's so important, man, because you know I crave. I beg people just to tell me the truth, right, because I can fix if I understand. You know, like you, if you understand actual situation, the decisions you make are informed and you can actually write a situation. Or you know cut bait If it's you know if it's not not fixable in your part of the world. So I mean it's people. I always tell people. I always tell folks. You know I have plenty of cheerleaders. If I need someone to give me the sugar code or tell me how awesome I am, I'll go buy my mom breakfast. She thinks I'm great, right, and she's amazing. I love her. But you know she's not the one that's going to tell me the hard truth necessarily. 

 

And you got to surround your people with those, yourself with those people. So when not talking about real estate, you know just gathering. If you're watching this episode on YouTube, you can tell that Bud has a lot of hobbies and a lot of he does a lot of fun things. But so I'm curious you know, when you're not doing real estate, what do you do for fun? 

Bud Evans:

Yeah, right now it's been a little difficult. I you know I'm dealing a lot with the new projects, obviously. But I love golf. I love getting out onto the, you know, onto the links and just kind of hitting that ball. I think it's one of the very few sports where you are. It's a competition with yourself. I don't care how many people you're playing with, right, and I'm not a betting person so I don't put any money on it, so I'm not in competition with anybody else, I'm in competition with myself the entire game. So I love golf. Ice hockey because I played forever, coached forever, Love watching my Eagles play on Sundays. 

 

That's my one true day off where everybody knows leave dad alone, Not that it matters my son's 31 married and he's out of the house, so now he's the one that's sitting in the basement going hey, leave us alone. It's Sunday, leave dad alone. We're ordering hoagies and we're going to sit in them. That's a good kid. Yeah, I toy around with video games. In fact, I have a video game for the guitar where I just it's called Rocksmith and I can plug in and just it's like a Guitar Hero for real. So that's fun. 

Ed Mathews:

Cool, all right, well, but as always, it's great to see you, my friend, and I'm grateful for your time and all your wisdom and experience and sharing that with our audience today. So if people want to learn more about your, your, your investing business, your management business, your mentoring, your coaching, what's the best way to get in touch? 

Bud Evans:

Yeah, best way to get in touch with me is to DM me on Instagram. It's  @bud.evans, very simple. Or you can check out Facebook. We have a group. It's free, that's, you know the best thing. It's free. It's called the Aim High REI, where the Aim High properties that we do I do the Aim High Podcast and we have the REI.newsnetwork, which airs on there every Friday at 10 30 AM with me and Kimi Crombie, and we just talk about real estate stuff that happened during the week. We do it badly. We make fun of each other. People that are tuning in get to throw comments and heat at us on Fridays. So this past Friday we had over 200 viewers, which was fun. 

That's great, yeah, yeah. So we have fun there it's, and then obviously you can search me out at budevans.com, and if you have questions about the mentorship program, just go to budevans.com. 

Ed Mathews:

All right, Bud Evans, thank you again. It's good to see you, and I can't wait for this one to get released, because there's a whole bunch of really good information in this conversation. So thanks again. 

Bud Evans:

Oh, it's my pleasure. At any time I get the chance to talk to you. It's a fun day. 

Ed Mathews:

Likewise

This has been the real estate underground podcast. Thank you so much for listening. Don't forget to rate, review and subscribe. It helps us grow. Until next time, happy investing. 
 

 

 

Real Estate Underground
Real Estate Systems and Processes
Real Estate Investing and Mentorship
Choose the Right People
Real Estate Underground Podcast With Evans