Reverse Wholesaling with Kent Clothier of REWW

 

Episode: Reverse Wholesaling with Kent Clothier of REWW

 

Guest: Kent Clothier is the Founder & CEO of Real Estate World Wide and creator of the Boardroom Mastermind. Kent has purchased & sold more than 5,000 properties since 2005.

Big Idea: “If I had to go make $100,000 this month, what would I do?  Whatever the answer to that question-why aren’t you doing it?”  Kent prompts his own further success asking this question of himself often.  Kent asked me this question about 10 years ago, and my answer was Diamond Equity.

In 2020, Fannie Mae & Freddie Mac reported originating approx. $4.1 Trillion in mortgage loans.  No doubt, we have all witness a very vibrant & hot market.  They have forecasted $2.7 Trillion for 2021, most likely due to the low inventory situation.  How can you position yourself to profit from this constrained market?  Kent & I discuss this and other trends on this week’s episode.

 

    

Dan Breslin: Welcome to The R.E.I. Diamond show. I am your host, Dan Breslin, and this is episode 185 on reverse wholesaling with Kent Clothier of REWW. If you are into building wealth through real estate investing, congratulations you are in the right place. My goal is to identify high caliber real estate investors and other industry service providers, invite them on the show, and then draw out the jewels of wisdom. Those tactics, mindsets, and methods used to create millions of dollars and more in the business of real estate.

Today’s guest is Kent Clothier, the founder and CEO of Real Estate Worldwide. Real estate worldwide, also known as REWW, operates three core units. First is the Academy, the online education platform. Second is S.M.A.R.T., an online real estate investor data source, and the third is the Boardroom Mastermind, and Kent is a real estate investor first and foremost, and having purchased and sold more than 5,000 properties since 2005.

So, today’s episode is one that I have personally been looking forward to for years, almost since I started the podcast. Kent is one of the early single-family real estate investor thought leaders who I personally paid attention to. We are talking 12 years now. And during the episode, you are going to hear my personal experience with Kent, including some watershed moments of my career, some like real big turning points that led me to where I am today, and those moments were spurred by ideas that Kent shared way way back in my career. And he also shares them again in a few moments. Ready to roll?

Dan: All right, cool. Welcome to the The R.E.I. Diamonds Show. Kent, how are you doing today?

Kent Clothier: I am doing good, brother. Thanks for having me.

Dan: Yeah, for sure. Appreciate you blocking out the time to be with us. Just so the listeners who might not know who you already are, can you give us the background how you got started in real estate and what your primary business model looks like today?

Kent: Yes. So, I have been doing it now for 18 years. Got started in the industry back in December of 2002, started wholesaling a few houses, got really good at it over the years. Started flipping, started wholesaling hundreds of houses a year down in South Florida. Before I knew it, we turned it into a turnkey operation back before that phrase even existed, and that company still operates today. My two brothers and my father run it based out of Memphis, Tennessee, it is called REI Nation. We basically turnkey about 800 properties a year in nine different cities, managed about 7,500 properties for our investors. So, it is our kind of primary real estate core business there. And on the flip side of that, I have been in the training education software space showing other investors how to do it for the last 15 years. And so back in 2006, I started a company called Real Estate Worldwide. Started showing people kind of what I had figured out, which was a process called reverse whole selling, and put together a lot of tools to show people how to be really successful at it, and happy to say that we have had about 60,000 people go through our education over the years now, a little over 60,000. And the latest and greatest thing that I am personally working on as I am out here really kind of evangelizing that now is the time to really start getting into the seller financing space just because of all the things that are happening in the current real estate market.

 

Episode Sponsored by the Deal Machine:

Driving for Dollars Software to Build a Team of Drivers, Manage Routes, & Even Automate Marketing.  Free Access at  http://REIDealMachine.com/

 

Resources mentioned in this episode:

www.KentClothier.com

 

Kent & I Discuss Current Real Estate Investor Trends:

  • Reverse Wholesaling

  • The Extraction of $1.4 Trillion from U.S. Real Estate

  • How to Profit from that Capital Extraction

  • The Time is Now-Where it Came from


    

Relevant Episodes: (There are 185 Content Packed Interviews in Total)

 

The transcript of this episode can be found here.
Transcripts of all episodes can be found here.

Economic Forecast 2021 with Paul Sloate

Paul & I Discuss How to Avoid Capital Gains Tax:

  • America’s Economy 2021

  • Biden vs Trump Economic Plans Compared

  • 2021 Mortgage Interest Rates Forecast

  • How is the US Economy Going to Look in 3-5 Years?

Listen Now:

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Relevant Episodes: (There are 173 Content Packed Interviews in Total)

Resources Mentioned in this Episode:

www.GreenDrakeAdvisors.com

The transcript of this episode can be found here.

Transcripts of all episodes can be found here.

Flipping Land Remotely for HUGE Profits with Jack Bosch

Jack & I Discuss: 

  • The Current Gold Rush in the U.S. Land Market

  • How to Quickly Flip Land Deals

  • 3 Types of Land Deals-and the Buyers

  • Buying Deals at 20 Cents/Dollar


Listen Now:

Google Play

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Relevant Episodes: (There are 168 Content Packed Interviews in Total)

Resources Mentioned in this Episode:

www.ReiLandProfit.com

 

Do You Know Anyone Else Who’s a Real Estate Investor? 

Do You Think they’d Also Enjoy this Episode?

Please Forward this Link & Tell Them to:

 

Sign Up for the REI Diamonds Weekly Podcast Your Copy of “Become a Wholesale Real Estate Master”

Just Go to www.REIDiamonds.com to Download a Copy & Check out Recent Popular Episodes.

Why Suburban Office Buildings are a GREAT Investment with Brian Adams

Brian & I Discuss:

  • Brian’s Background in Family Office Investing

  • Bullish on Office in the Face of the “Work from Home” Pandemic

  • Seeking a Risk Adjusted Return

  • Why Single Asset Management is Safer than REIT Investing


Listen Now:

Google Play

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Relevant Episodes: (There are 165 Content Packed Interviews in Total)

Resources Mentioned in this Episode:

www.ExcelsiorGP.com

 

Do You Know Anyone Else Who’s a Real Estate Investor? 

Do You Think they’d Also Enjoy this Episode?

Please Forward this Link & Tell Them to:

 

Sign Up for the REI Diamonds Weekly Podcast Your Copy of “Become a Wholesale Real Estate Master”

Just Go to www.REIDiamonds.com to Download a Copy & Check out Recent Popular Episodes.

Growing a 1,000+ Unit Portfolio within a 20 min Radius with Jason Pero

Jason & I Discuss:

  • Organic Growth in a Local Market

  • Benefits of a Tertiary Market

  • Buy & Hold…Unless


Listen Now:

Relevant Episodes: (There are 154 Content Packed Interviews in Total)

Resources Mentioned in this Episode:

www.PeroRealEstate.com

 

Do You Know Anyone Else Who’s a Real Estate Investor? 

Do You Think they’d Also Enjoy this Episode?

Please Forward this Link & Tell Them to:

 

Sign Up for the REI Diamonds Weekly Podcast Your Copy of “Become a Wholesale Real Estate Master”

Just Go to www.REIDiamonds.com to Download a Copy & Check out Recent Popular Episodes.

Selecting the BEST Passive Multi-Family Real Estate Investments with Travis Watts

Travis & I Discuss:

  • Seeking Monthly vs Quarterly Distributions

  • Transitioning from Active to Passive Investor

  • How Multi-Family Might Fare During Covid

  • How to Underwrite a Passive Investment Team


Listen Now:

Google Play

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Relevant Episodes: (There are 154 Content Packed Interviews in Total)

Resources Mentioned in this Episode:

www.AshcroftCapital.com

 

Do You Know Anyone Else Who’s a Real Estate Investor? 

Do You Think they’d Also Enjoy this Episode?

Please Forward this Link & Tell Them to:

 

Sign Up for the REI Diamonds Weekly Podcast Your Copy of “Become a Wholesale Real Estate Master”

Just Go to www.REIDiamonds.com to Download a Copy & Check out Recent Popular Episodes.

Being a Professional Passive Investor with Dr. Jeff Anzalone

Jeff & I Discuss:

  • How to Pay Off Student Debt

  • Importance of the RIGHT Accountant for ANY Business Owner

  • Fear Mentality vs Abundance Mentality

  • Lender’s Perspective on Passive Real Estate Investing


Listen Now:

Google Play

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Relevant Episodes: (There are 152 Content Packed Interviews in Total)

Resources Mentioned in this Episode:

www.DebtFreeDr.com

 

Do You Know Anyone Else Who’s a Real Estate Investor? 

Do You Think they’d Also Enjoy this Episode?

Please Forward this Link & Tell Them to:

 

Sign Up for the REI Diamonds Weekly Podcast Your Copy of “Become a Wholesale Real Estate Master”

Just Go to www.REIDiamonds.com to Download a Copy & Check out Recent Popular Episodes.

How to Make $100K or More Per Deal with Tucker Merrihew

Tucker & I Discuss:

  • Covid 19 & the Silver Lining for Real Estate

  • Designing & Building Multi-Million Dollar Homes

  • Getting into Neighborhoods BEFORE the Development Train

  • Detaching Your Home Pricing from Comparable Sales


Listen Now:

Google Play

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Relevant Episodes: (There are 149.5 Content Packed Interviews in Total)

Resources Mentioned in this Episode:

www.TTMDevelopmentCompany.com

www.TheRealDealzPodcast.com

 

Do You Know Anyone Else Who’s a Real Estate Investor? 

Do You Think they’d Also Enjoy this Episode?

Please Forward this Link & Tell Them to:

 

Sign Up for the REI Diamonds Weekly Podcast Your Copy of “Become a Wholesale Real Estate Master”

Just Go to www.REIDiamonds.com to Download a Copy & Check out Recent Popular Episodes.

Economic Forecast for 2020 with Paul Sloate

Paul & I Discuss:

  • Why did the Fed Just Lower Rates?

  • When to Expect the Next Recession

  • Will Priced Drop like it’s 2009?

  • How to Review Your Portfolio to Prepare


Google Play

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Relevant Episodes: (There are 144.5 Content Packed Interviews in Total)

Resources Mentioned in this Episode:

www.GreenDrakeAdvisors.com

 

Do You Know Anyone Else Who’s a Real Estate Investor? 

Do You Think they’d Also Enjoy this Episode?

Please Forward this Link & Tell Them to:

 

Sign Up for the REI Diamonds Weekly Podcast Your Copy of “Become a Wholesale Real Estate Master”

Just Go to www.REIDiamonds.com to Download a Copy & Check out Recent Popular Episodes.

Dan Breslin on Gentrification-Double Property Values

Dan Discussed at a Recent RING Meeting:

  • Requirements for Gentrification

  • How to Buy in Areas that will Double in Value

  • Spotting Trends and Riding them UP!!

  • Dan’s Favorite Neighborhoods to buy & hold


Listen Now:

Google Play

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Mentioned Episodes: (There are 85 Content Packed Interviews in Total)

Resources Mentioned in the Episode:

www.REIDiamonds.com

Do You Know Anyone Else Who’s a Real Estate Investor? 

Do You Think they’d Also Enjoy this Episode?

Please Forward this Link & Tell Them to:

 

Sign Up for the REI Diamonds Weekly Podcast Your Copy of “7 Sources of Off Market Deals”

Just Go to www.REIDiamonds.com to Download a Copy & Check out Recent Popular Episodes.