Dave Lukas Chats with Ted Thomas
167: Entrepreneurship, Sales, and Making Money with the World’s Leading Authority on Tax Lien Investing, Ted Thomas
This week’s Misfit Entrepreneur is Ted Thomas. Ted is a real estate expert, especially in the tax lien and tax deed areas. In fact, Ted’s organization is the single largest “SOURCE” of Tax Lien & Tax Deed Information Products in the world. He’s written over 30 books and helped over 75,000 clients learn to invest in tax liens.
On top of that, Ted is an internationally sought after speaker and has created sales systems and selling processes that many of the of top gurus pay Ted to teach them. He’s shared the stage with everyone from Donald Trump to Tony Robbins.
I am really excited to have Ted on to talk about his experience in real estate and get his wisdom on business in general.
Ted’s first career was as an airline pilot. He traveled the world. After a while, he decided to move on and get into business. He moved to California and started into real estate. He did very well and hit things at the right time and right place and amassed it to over $200 million in property in 6 years. But, then the 80’s savings and loan crises hit and he lost everything.
He then had to start over again and decided he didn’t want to put himself in situation with as much risk. This led him to the business he is in today.
As Ted says, “Crisis are good, because you learn a lot more on the way down than you do on the way up.”
What did you learn through your business crashing?
Explain tax liens and how you invest in them…
What are the risks of investing in tax liens?
How is it possible to create a 6-figure income in less than a year doing this?
Ted starts with an example of doing something different…
Anything else we should know about tax liens and deeds?
What are the principles you teach on how to sell?
Is there a format or steps that should be followed to present well?
What is your best advice to succeed as an entrepreneur and what would you tell a new entrepreneur starting out today?
Where do you see thing going in real estate? What is the trend and are we getting close to another downturn?
Crisis are good, because you learn a lot more on the way down than you do on the ways up.
Misfits, if you’re like me, you run a lot of your business from your computer. And that means you have everything from photos, business files, and critical items that you keep on it. Did you know that the average computer lasts only about 3 years and one in five computers will suffer a hard drive crash during that time? So that means there is a pretty good chance of you losing your critical files and items you need in your business.
Thankfully, there is a simple solution – Backblaze. For just $6 a month, Backblaze will give you unlimited back up for your Mac or PC. You can back up everything from documents, music, photos, videos – everything, all of your data. You even get a mobile app to access your files on the go!
Backblaze has restored over 40 Billion files for its clients!
No matter what you do or what type of business you have, you cannot afford to not have a backup solution in place – and for just $6 for unlimited backup, Backblaze is an amazing deal.
And they are giving you in the Misfit Audience a 15-day free trial, so you see how awesome their solution is. All you have to do is go to www.Backblaze.com/Misfit. Protect your most important information and your business by backing it up with Backblaze!
It seems there is always something to write up. And many times, a lot of what we write is the same thing. Whether it is responding to clients, writing blog posts, business messages and emails, show notes, and so on. There are so many things we type repeatedly…what if there was a solution that remembered all of these things that we type all of the time and with the stroke of key, automatically filled everything in.
Well, guess what, it exists. It’s called TextExpander from Smile Software. Imagine shaving seconds and minutes out of your day, every time you type. Using TextExpander, type your email addresses, chunks of code, brand messages, directions and data at speed, and reclaim that time you spend correcting your typos. Give each of these words, phrases and messages a short abbreviation you type instead, and watch your “snippets” of text expand. You can Even create Mad-Libs style fill-in-the-blanks to customize on the fly.
In fact, the average user of Text Expander saves over an hour a week in time and productivity. And it’s simple to set up.
Smile Software is giving you, the Misfit Entrepreneur audience, a 30 day FREE trial and 20% your entire first year. Just go to TextExpander.com/podcast