The REAL Wealth Formula Podcast

In this episode, we break down the decision-making process for real estate investors on whether to self-manage their properties or hire a property management company. We cover key factors like personality, finances, and the legal side of property management.
Key Takeaways:
Personality: Can you handle tough decisions like evictions?
Financials: Consider if giving away a large portion of your profits to a property manager makes sense.
Time Commitment: Managing property managers can take as much time as managing properties yourself.
Legal Understanding: Know landlord-tenant laws and fair housing regulations to avoid legal issues.
Vacancy Costs: Property managers may benefit more from vacant properties, so stay on top of it.
Systems Matter: Having a solid system in place makes self-management easier.
Resources/Links:
Legal Resources: For learning about landlord-tenant laws, check out Nolo’s Landlord & Tenant Law (www.nolo.com/legal-encyclopedia/landlord-tenant)
Tenant Screening Tools: Use platforms like Zillow Rental Manager (www.zillow.com/rental-manager/) or Facebook Marketplace (www.facebook.com/marketplace/) to advertise properties and screen tenants.
Property Management Companies: Compare services and fees by visiting Buildium Property Management Services (www.buildium.com/).
Connect with Us:
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Call 877-77-MOGUL
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Finding reliable contractors is crucial for real estate success. In this episode of Real Wealth Formula, Brad Hovis explains how to build a strong contractor team without overpaying or burning bridges. Learn how to recruit trustworthy trades, pay them fast, and create lasting relationships that keep your projects on track.
 
Key Takeaways:
Referrals from investor buddies as the top source for reliable contractors.
How to recruit at Home Depot parking lots and job sites.
Building your “starting five” contractors (demo, painter, floor, handyman, cleaner).
Using third-party apps like TaskRabbit for trusted workers.
Why paying quickly and scheduling effectively keeps contractors loyal.
 
Resources/Links Mentioned:
TaskRabbit.com
Angi.com (formerly Angie’s List)
HomeAdvisor.com
 
Connect With Us:
www.realwealthformula.com
Call 877-77-MOGUL
podcast@realwealthformula.com
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In this episode of the Real Wealth Formula Podcast, Brad Hovis sits down with seasoned investor Matt Sanchez to dive deep into how to buy real estate at foreclosure auctions, evaluate deals, and create long-term wealth through cash flow strategies. Matt shares his 40+ years of experience, including tips on bidding tactics, analyzing liens, and avoiding costly mistakes.
 
Key Takeaways:
Step-by-step process of buying real estate at foreclosure auctions.
Understanding O&E reports, liens, and title risks.
Why cash flow is more valuable than property appreciation.
The difference between fix-and-flip and buy-and-hold strategies.
Networking tips with experienced auction buyers.
How to avoid common mistakes when bidding at auctions.
Resources/Links Mentioned:
Public Trustee Websites (Colorado Examples):
https://www.adamscountyco.gov/foreclosures
https://www.denvergov.org/government/departments/finance/foreclosures
Wells Fargo (mentioned as an example):
https://www.wellsfargo.com/
O&E Reports (Ownership and Encumbrances):
Available through title companies such as:
https://www.firstam.com/
 
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Call: 877-77-MOGUL
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One wrong move with your LLC could cost you everything. Brad Hovis exposes the biggest mistake new investors make with LLCs and how to avoid it. Learn when you actually need one, and how to set it up without getting ripped off. This episode will change how you structure your deals from day one.
 
KEY TAKEAWAYS
The difference between LLCs taxed as S Corps and asset protection entities
How to legally disappear from public records using registered agents
Why paying for an EIN is a rookie mistake and how to get it for free
Two documents that instantly turn you into a legit business
A trap new investors fall into: forming an LLC before finding a deal
 
RESOURCES/LINKS MENTIONED
Get an employer identification number | Internal Revenue Service 
SEC.gov
 
CONNECT WITH US 
To learn more, visit www.realwealthformula.com, call us at 877-77-MOGUL, or email us at contact@realwealthformula.com.
 
Subscribe to The Real Wealth Formula Podcast, and don’t forget to leave a rating and written review, we’d love to hear from you!
 
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Brad Hovis and Brian McClain reveal what most people won’t tell you about being a licensed investor. From hidden liabilities to powerful deal advantages, they expose the real pros and cons of crossing into the agent world. Watch this episode and learn what it takes to play both sides without getting burned.
 
KEY TAKEAWAYS
The surprising reason you don’t need a license to win as an investor
When a real estate license becomes a weapon, and when it backfires
How investor marketing tactics give you an edge in the retail world
Why most licensed agents avoid creative deals and how you can step in
What the NAR lawsuit means and why bad agents should be worried
 
RESOURCES/LINKS MENTIONED
Zillow Showcase
Zillow 
Cinefly 
Bank of America 
The Sandler Selling System 
 
ABOUT BRIAN McClain
Brian McClain is a seasoned real estate professional with over 12 years of experience and more than 100 successful transactions. As a broker with The Acker Group at Berkshire Hathaway, he serves homebuyers, investors, and downsizers, combining local market expertise with investor insight. A former enterprise software sales pro, Brian brings sharp negotiation skills and a business-minded approach to every deal. He’s also an active investor, specializing in fix-and-flip and buy-and-hold strategies, which helps clients make informed decisions in today’s market.
 
CONNECT WITH BRIAN
Website: ACRE Group
Facebook: Brian McClain - Real Estate Agent  | Brian McClain 
Instagram: @brianmcclainrealtor
E-mail: brian@brianmcclainrealestate.com 
 
CONNECT WITH US 
To learn more, visit www.realwealthformula.com, call us at 877-77-MOGUL, or email us at contact@realwealthformula.com.
 
Subscribe to The Real Wealth Formula Podcast, and don’t forget to leave a rating and written review, we’d love to hear from you!
 
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Brad Hovis strips rental property analysis down to what matters: real cash, real numbers, and real-world thinking. Discover how most investors blow it on vacancy and maintenance. This episode helps you break through the noise and buy with confidence.
 
KEY TAKEAWAYS
A harsh truth about Section 8 rentals most investors don't consider
Real cost of vacancy (especially with a mortgage)
The myth of the 30% rule and why it's costing investors real money
Why "perfect" math keeps you broke
Reasons why obsessing over decimal points could sabotage your future
 
RESOURCES/LINKS MENTIONED
Hovis Capital 
 
CONNECT WITH US 
To learn more, visit www.realwealthformula.com, call us at 877-77-MOGUL, or email us at contact@realwealthformula.com.
 
Subscribe to The Real Wealth Formula Podcast, and don’t forget to leave a rating and written review, we’d love to hear from you!
 
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Think multifamily is the fast track to wealth? Think again. Brad Hovis reveals why single-family homes often outperform, with fewer headaches, lower vacancy risk, and more exit options. If you're just starting out, this episode gives you the clearest path forward.
 
KEY TAKEAWAYS
Why single-family tenants stay longer and why that’s a hidden superpower
An Excel trick that makes you buy a terrible multifamily deal and how to spot it
The reason vacant houses still hold value and vacant apartments don’t
How lease-to-own tenants can make your rentals bulletproof
Overlooked cause why most new investors fail and how to avoid it
 
RESOURCES/LINKS MENTIONED
Apartments vs Houses (Part 1)
Apartments vs Houses (Part 2)
Apartments vs Houses (Conclusion)
 
CONNECT WITH US 
To learn more, visit www.realwealthformula.com, call us at 877-77-MOGUL, or email us at contact@realwealthformula.com.
 
Subscribe to The Real Wealth Formula Podcast, and don’t forget to leave a rating and written review, we’d love to hear from you!
 
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From walk-off grand slams to walk-in rentals. David Bote reveals how he turned MLB paychecks into lasting wealth. He shares the behind-the-scenes playbook, including hoarder house flips, debt-free investing, and helping renters become homeowners. Tune in now to learn how he built real cash flow after baseball, and how you can too.
 
KEY TAKEAWAYS
How a trashed “hoarder house” turned into a high-quality rental
Why David refuses to use debt even when others say it’s smarter
What most pro athletes get wrong about “passive” income
The behind-the-scenes pressures that shape big league decisions
A contract clause that let David walk away from baseball on his own terms
 
RESOURCES/LINKS MENTIONED
Hovis Capital 
MLB.com
Minor League Baseball | MLB.com  
 
ABOUT DAVID BOTE
David Bote is a former MLB infielder known for his clutch performances with the Chicago Cubs, including a legendary walk-off grand slam in 2018. Drafted in the 18th round in 2012, he rose through the minors by playing nearly every position and made his MLB debut in 2018. Bote retired in early 2025 after a stint with the Dodgers. Off the field, he's a devoted husband, father of three, and strong in his Christian faith, attributes he credits for shaping both his life and career.
 
CONNECT WITH DAVID
Instagram: @david_bote13 
 
CONNECT WITH US 
To learn more, visit www.realwealthformula.com, call us at 877-77-MOGUL, or email us at contact@realwealthformula.com.
 
Subscribe to The Real Wealth Formula Podcast, and don’t forget to leave a rating and written review, we’d love to hear from you!
 
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In this episode, Brad reveals how to choose the right market based on your strengths, strategy, and buy box, not hype. From rent ratios to investor activity, this episode shows you how to find real deals, not just properties. This episode gives you the framework to choose wisely, so don't miss out. 
 
KEY TAKEAWAYS
The quiet power of lease-to-own vs. fix-and-flip
How rent-to-price ratios can make or break your portfolio
Why most investors lose money chasing high-end markets
The “Golden overlap” formula for picking your perfect market
Value of firsthand experience in real estate market research
 
RESOURCES/LINKS MENTIONED
FreedomSoft 
PropStream
The Intelligent Investor by Benjamin Graham | Hardcover
 
CONNECT WITH US 
To learn more, visit www.realwealthformula.com, call us at 877-77-MOGUL, or email us at contact@realwealthformula.com.
 
Subscribe to The Real Wealth Formula Podcast, and don’t forget to leave a rating and written review, we’d love to hear from you!
 
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Still waiting for the "perfect" deal? You're already losing. Kal Murib reveals how he built a 16-property portfolio without chasing discounts, just relationships, timing, and guts. From creative financing to tenants who stay for decades, this episode is a masterclass in playing the long game in commercial real estate. So, don't miss out!
 
KEY TAKEAWAYS
Why waiting for deals is costing you more
One deal that turned persistence into a multimillion-dollar
How tenant mix becomes a walkable business strategy
The reason that makes a tenant stick
From $300 and no tools to 16 buildings: the ultimate bootstrap story
 
 
ABOUT KAL MURIB
Khaled “Kal” Murib is the founder of Kal Murib Properties, a Littleton-based commercial real estate company known for revitalizing Main Street one building at a time. A Lebanese immigrant who came to the U.S. with nothing but drive, Kal built his portfolio from scratch through grit, vision, and deep community roots. His hands-on style and commitment to supporting local businesses have made him a cornerstone of the Littleton business scene and a true embodiment of the American dream.
 
CONNECT WITH KAL
Facebook: Kal Murib 
Instagram: @kalmurib
E-mail: kalmurib@gmail.com 
 
CONNECT WITH US 
To learn more, visit www.realwealthformula.com, call us at 877-77-MOGUL, or email us at contact@realwealthformula.com.
 
Subscribe to The Real Wealth Formula Podcast, and don’t forget to leave a rating and written review, we’d love to hear from you!
 
SOCIAL MEDIA CHANNELS
Facebook: Real Wealth Formula
LinkedIn: Real Wealth Formula
Instagram: @realwealthformula
X: @realwealthshow
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YouTube: Real Wealth Formula