How to Build a Real Estate Investment Group

In this episode of our audio podcast Young, Wild and Financially Free,  Matt and Andrew had the privilege to interview Matthew Dodge, CEO of Centex Real Estate Investment Group. 

You can listen to the full podcast here

Or read the full transcript below.

Intro [00:00:19] Well hello everybody. My name is Andrew Roberts. I am the host of “The Young Wild Financially Free” podcast. And in today’s episode our guest is just a great human being, a great guy, and a really smart person, and financially savvy. His name is Ryan Dodge. He is the president and CEO of Centex REIG that’s “Real Estate investing Group”. He is a former sergeant in the U.S. Army and he is an Aggie. He loves to hunt and he’s just a great guy and his mission at the Centex Real Estate Investing group is to empower people to create financial freedom through knowledge and entrepreneurship and real estate. And that’s exactly what we talk about. I mean this whole podcast is about reaching financial freedom that’s everyone’s goal right. And so he was a perfect person to do on the podcast. He’s so smart when it comes to investing and starting a business and real estate. And I learned so much from this podcast. I hope you guys will too. It’s really good. It’s also interesting to hear his story. He had some hard times throughout his life and he just faced it head on and it really put him into situations that created success for the future. So, it was an honor to have him on the podcast and I really hope you guys enjoy it without further ado here is Ryan Dodge. 


Andrew Roberts [00:01:42] All right. The mikes work. Ryan Dodge. What a great name. Thank you so much for joining me today on the podcast. With a name like that I feel like your parents were just like ‘this kid’s gonna love to be a bad ass’. Do you have any any siblings? 


Ryan Dodge [00:02:07] Actually,  I grew up in a union household. My dad is retired from Chrysler. 


Andrew Roberts [00:02:14] OK. 


Ryan Dodge [00:02:15] Which is the owner of Dodge right. And so  I actually grew up driving in mopar vehicles as well. So I got a Dodge Ram sitting outside. But you know. It’s interesting. 


Andrew Roberts [00:02:28] Yeah. 


Ryan Dodge [00:02:28] And we get pretty good discounts now. 


Andrew Roberts [00:02:30] Nice! That’s awesome. Well, Ryan like I said thank you for coming on the podcast; Tell us a little bit about yourself to the listeners and myself. 


Ryan Dodge [00:02:40] So, just so everybody knows, I’m 27 years old. I’m a full time business owner and real estate investor here in central Texas. I’m prior military so I did four and a half years in the United States Army Infantry; I was air assault, I was a noncommissioned officer I did a a year in Iraq. So I am a disabled combat veteran. So I’m really not just you’re your average 27 year old. I feel like I’ve been around the world… Well actually I have been in some pretty dark places and I guess I was really forced to grow up rather quickly. 


Andrew Roberts [00:03:10] Sure. 


Ryan Dodge [00:03:10] But getting out of the military I knew that I never wanted to have a W-2 job. I mean I just really value my time and I wanted to control my time and my income. So, I went to school for business administration there in central Texas and A&M with a focus on entrepreneurship and I really wasn’t happy with what I was seeing.  they really weren’t teaching folks what they really needed to know to be successful business owners. And I would read my professors bio’s and 90 percent of them have never even owned a business and a few that have were garbage. So it’s kind of like the blind leading the blind shooter. 


Andrew Roberts [00:03:49] So, there’s that saying that those who don’t do teach. Go ahead.   


Ryan Dodge [00:03:55] So then, as far as my real estate journey getting out of the military I’ve just had an interest in real estate while I was going to college. So I got all my certifications to be a licensed real estate agent. And then while I was driving to Austin to take that final Proctor test I don’t know why it took me eight weeks to figure this out but I was like wait a minute, I don’t want to be the guy that represents buyers and sellers I want to be the guy that owns and controls property. I don’t even know what that was called at the time. I just knew I wanted to be that guy. And so I actually turned the truck around. I went back and I did some research and I went to a networking event in Austin Texas that night and it was a rich attorney here in Austin pitching a four day boot camp for eight thousand dollars. And I thought that was the dumbest thing I’ve ever heard in my entire life. I mean because they’re just there’s no way that you could become a business owner or a real estate investor in four days, it’s just not happening, in my mind. But, I was watching people sign up for this. And so, anyway I ended up leaving. And then I was at that point I was pretty but hurt. I was like real estate investing education is cut- throat. And then, I found some ad online where it said something about learning all areas of real estate investing, get paid while you train, this, that, and another. And I got started with that company called Ron Otis and I invested in that; they provided me with some funding options. Got on board, had my education paid back to me within the first two months, and then closed on my first fix and flip within the first year which is 30k in profit. We have an earnings plan. I cleared a little over 30 grand on that as well. So I definitely replace my income just within eight months of getting started. And then my second year, I ended up picking up 14 unit apartment complex. So I do have 14 doors that are paying me rent every single month. Also, I did over a dozen wholesale and subject to existing financing transactions my second year. And then, I have several raw land investments that I also picked up that year. I cleared a little over one hundred and five thousand on the earnings plan with that Ron Otis group which I founded here in the Austin Texas market. We have an office off in Sunset Valley. And also, this is my third year as a business owner and real estate investor. I’ve completed seven fix and flips so far this year, completed a couple wholesale transactions, I have a commercial coworking space in Austin as well; Scale Up Co-Connect- Entrepreneurs Share Space. I’m now the co-owner of a hedge fund here in Austin. That’s Bercuit FX, I think is what it’s called, it’s all really new to me. But it all ties into the real estate; it’s a marketing business and so i’m a CEO and president of Centex REIG Inc. That stands for Central Texas Real Estate Investors Group. Okay. And we just really foster an environment for everybody to be highly successful. 


Andrew Roberts [00:06:58] That’s awesome. 


Ryan Dodge [00:06:59] I probably missed a lot of transactions. I mean honestly in the past three and a half years that I’ve been in this business it’s really hard for me to. To name all the deals that I’ve done. 


Andrew Roberts [00:07:10] Sure. 


Ryan Dodge [00:07:11] Which is a good thing. 


Andrew Roberts [00:07:12] Yeah it’s a great thing!


Andrew Roberts [00:07:13] Being too busy is a good problem to have. So, I want to go back; why did you decide to join the military? Do you come from a family of military people? 


Ryan Dodge [00:07:28] No I don’t. So,I had a very troubled childhood. I was a bad kid. I mean I was popping ecstasy pills in middle school and I was in a juvenile detention facility for close to nine months between eighth grade and freshman year. And then, I ended up straightening out. But the Chrysler plant in St. Lewis where we’re originally from shut down. So he had to make a choice to take the buyout which was about three hundred ninety grand plus a Dodge Ram truck or moved to Indiana. I’ve never even been there. I can say I’ve been there now but there’s nothing out there… And finish out his career at the Chrysler plant which was just four more years. So I was in a position to where I was like ‘hey this is my childhood home this is where I grew up. I got to make something happen here.’ Yeah. So just had the bright idea one day: I need to do something with my life. So, I walked into the Army recruiting station I was like ‘look I want the most bad ass job that you have I really want to serve my country’. And and then I ended up being infantry. I wouldn’t have it any other way because I would not be where I am today if it wasn’t for the military at all. So you pick up a lot of leadership skills there, you grow up quickly, you get to really figure out how this world works. 


Andrew Roberts [00:08:52] Definitely. Yeah for sure. Well first of all, thank you so much for your service. And you know, I never know if that’s the right thing to say because it is appreciated, of course, but I don’t know if that makes people feel uncomfortable. 


Ryan Dodge [00:09:09] No it doesn’t make people uncomfortable.  with some veterans they don’t really know what to say to it, but this is what I say back. I just say ‘thank you for your support’. I mean because we need out support. 


Andrew Roberts [00:09:26] That’s awesome. So, joining the military and then you’re out of military and what made you want to go to school at that point?  


Ryan Dodge [00:09:42] Well I knew that I wanted to be a business owner. That’s what I knew. I knew that I was never going to work for somebody because I like I said I wanted to control my time and I wanted to control my income. 


Andrew Roberts [00:09:53] And did you think about that while you were in the military? Did you make that decision? Because pre military you’re in high school right? 


Ryan Dodge [00:10:00] Yes. 


Andrew Roberts [00:10:00] OK. 


Ryan Dodge [00:10:01] So there was only a year gap between high school and going into the army. So no, I had no intentions on being a business owner until the time really came to where like ‘hey I’m getting out now what am I going to do?’ So I know it all came to fruition pretty quickly. 


Andrew Roberts [00:10:16] Sure. Yeah. That’s awesome. And so, you were saying that you knew you didn’t want to work for someone else, right? Why? What was the reason behind that? Because I would say that I, for some reason, seek approval in a lot of cases and while I do have an entrepreneur bug, so to speak, and I love the freedom that comes from this industry. I come from a football background and I loved making my coaches proud and making my parents proud and kind of seeking that approval. So, a little bit subconsciously I still kind of want to have a boss that says ‘hey good job.’ What made you want to work for yourself and control your finances and in your business? 


Ryan Dodge [00:11:08] That’s a good question because, I believe that retirement is a failed plan. I grew up watching my dad work his entire life just to retire on a fixed income. My dad never admits to anything but he will admit that he probably could have done things differently because working hard all of your life. He retired making like ninety thousand dollars a year but now he can barely make ends meet. So, that’s just not where I want to be at that point in my life. I’m sure other folks have seen  their senior peers actually retire from one job and get another. I know my soon to be wife Tyler, her dad is a retired first sergeant and then had to go out and get another job as a government contractor. He makes six figures but now he’s working on a second retirement. And he was out there a couple weeks ago at the motor pool (which in the military that’s where we keep our vehicles and that sort of maintenance happens he oversees wheeled vehicle maintenance. So when the soldiers can’t figure something out he’s the one that helps them out because he’s so well vetted.) But he was out there in the motor pool till like 9 o’clock at night on a weekday. He’s he’s damn near 60. That’s just not where I want to be. You can’t save yourself the wealth. That’s never gonna happen. And so, I believe that we’ve all been misled, in a way, and I’m trying not to offend anybody here but we’ve been trained to go to school and get a job. And that’s just part of the system. I’ve always been a little bit of a rebel and I knew that’s just not the path that I wanted to take because I’ve just seen it fail for for so many other folks. I mean the reality of it is is that in your job you could be let go tomorrow.  And so, that’s a lot of where that stemmed from. That’s pretty crazy… A job is just something I can’t even fathom anymore. I would never go back to a job you couldn’t pay me 200 dollars an hour to make that happen. 


Andrew Roberts [00:13:27] Right, I got you. 


Andrew Roberts [00:13:29] So you knew you wanted to work for yourself and then you go to Texas A&M University to get a degree in business. And earlier you mentioned that you we’re kind of trained to go to school and then get a job. Did you see A&M or a college education as being the the best education for you at that point to become a business owner?


Ryan Dodge [00:13:54] Absolutely not. 


Andrew Roberts [00:14:02] Not the answer I was expecting. 


Ryan Dodge [00:14:02] I’m going to once again try not to offend anybody with this…


Andrew Roberts [00:14:06] I went to college and while I loved the experience that I had, I regret the money I spent on tuition because I don’t work in my degree. And while I loved that time I wish I would have started investing in real estate straight out of high school. So offend away. 


Ryan Dodge [00:14:23] So I purchase that that private education through the real estate investing education company which, by the way, is something I will be a part of for the rest of my life. But  I was four classes away from graduating with my bachelors in business administration with a focus on entrepreneurship and I’m going to let right now, that I would have been pissed if I would’ve paid to go to college. I was getting paid to go to college right. I was gonna pay like fourteen hundred dollars a month and my school was taken care of through the G.I. bill through the military. I was well educated at this point on tax and legal because we learned from a gentleman named Mark Koehler. He’s an absolute animal. I mean he’s the CPA of CPA’s. This is the straw that broke the camel’s back or however you want to put that. She she stood up in the front of the room and she said an LLC is the greatest thing for new entrepreneurs to start up with. I’m like ‘you’re wrong’ and you should probably consult with a professional because actually with an LLC a traditional LLC you don’t open the door up to 300 plus or minus write offs available to you per year as a business owner. That’s more of an LLC taxed as an S corp or an actual S corporation or in some cases which know for a small business owners and real estate investors is not really applicable but a C corp, so  as a W2 employee you’re entitled to roughly 15 types of tax write offs per year as a business owner that is making income, and I’m talking not with a traditional LLC that’s for your long term holdings but something along the lines of an LLC with an S election to where it’s being in taxes an S corp and you’re actually making money in that business. You open the door up to 300 plus or minus write offs available to you per year. And then you’re a business owner and real estate investor. You open the door up to three hundred and fifty plus or minus writeoffs available to you per year. If that student has a solid business plan which happens for a younger generation you can simply start up an online business and let’s say you’re starting to make eight thousand dollars per month. . That LLC is not doing anything for you. You should have something more along the lines of an S corp to where you shave 15 percent in taxes right off the top. So I mean what they are teaching is garbage. She was way off track. So you get your LLC for your long term holdings your partnerships. If you start making some some active or fast money so to say you’re wholesaling, you’re you’re flipping you should probably maybe start (and full disclosure everybody I’m not a CPA This is not legal advice and so an LLC with with an S election if you plan to do some wholesaling and fix and flip and generating maybe some fast money I would go along those lines. Or if you really plan to clear 80 thousand dollars this year you should probably just go ahead and have that S Corp. And then you can attach LLC’s to it for your long term holdings. 


Andrew Roberts [00:17:31] Very good advice. I just I just formed an LLC. That’s good to know. 


Ryan Dodge [00:17:39] It’s still good for long term holdings. But you cannot graduate a traditional LLC into an S Corp. So that’s that’s the flaw there. But the write offs man, as a business owner! Just the RAM rebel sitting outside that’s 100 percent right off, the whole truck. There’s three different ways to write off a vehicle you got miles and maintenance. You got gas and maintenance. So like my muscle car never passes a gas station, so we’re gonna write off the gas and maintenance. Then you’ve got the truck slash SUV clause that that falls under and that’s the whole truck all fifty one thousand dollars of it is a write off the new 35 inch tires that I put on it, that’s a tax write off. 


Andrew Roberts [00:18:19] Awesome loophole! So you go to school and then you decide, instead of becoming an agent you decide that you want to start investing. Let’s go into your first deal. So you said it was a flip and you profited 30K… How did that deal work? 


Ryan Dodge [00:18:48] Very scary deal. 


Andrew Roberts [00:18:51] Yeah. I mean the first one always is. 


Ryan Dodge [00:18:54] Just the testimony to that program has done not just for me but for my family. My first fix and flip was actually that childhood home that I was talking about that I grew up in. And so whenever my parents moved back to Missouri after I finished his career out in Chrysler, I was up there in Missouri visiting for the summer and my parents had bought a new house in O’Fallon Missouri. The house that we grew up in was being rented out and they were having issues with it and I’m just getting into the business, getting the fundamentals down. My dad was telling me some of the stuff that was going on and I was like ‘well, let me look at the contract and see what you got going on here.’ This thing looked like it was pulled off a Google! Any repairs over two hundred dollars, he was going to pay for it, it was just all jacked up. And he ended up having a personal relationship with the tenant. That’s a big no no. Don’t ever do that. Health problems started happening. I went over and looked at that house and the childhood home that I grew up in was destroyed. I have never seen somebody so nasty in my entire life. This house was disgusted.


Andrew Roberts [00:20:04] And it makes it even worse because the home you grew up in. There’s so much nostalgia there and memories and so that’s probably a tough pill to swallow. 


Ryan Dodge [00:20:11] So believe it or not, my dad asked me for advice. He asked ‘well what would you do?’ And so I ran through his options and fixing flip was not one of them that I was going to suggest at that point in time. 


Andrew Roberts [00:20:26] At this point is your dad still own this house?


Ryan Dodge [00:20:27] No. I’m going to talk about that. What happened was I ended up helping get him out but he asked me for my advice on what he should do I told him: well you should go in there and drop about five grand. Take it out of your 401K and what would I like to call “rent proof” it. I’m talking go in there and lay some luxury vile tile planking floors, LPT, the good waterproof stuff, and slap more pain on it and make it to wear next time you need to come in your repairs are not going to be that expensive. Try and build more equity so you can have a good check as your exit strategy whenever you do decide to sell it. Of course, your parents don’t listen to you. So anyways I was helping my buddy manage his landscaping business at the time because they I mean he was all jacked up and so and I can only take like five minutes at a time hanging out with my parents. It just gets really annoying. I was up there visiting the family for the summer and I had to get out of the house. Anyway I get a call my mom mom’s like ‘Hey half your dad’s face isn’t working what do I do?’ And I said ‘well you should probably get him in car right now and take him to the hospital.’  And just I have a little sister with Down’s syndrome, I have an older brother that’s about to be 30, he’s in a lot of student debt as well. He fell into that, he’s a perfect example; I’m trying to trash talking here though because I do love them. But anyway, I get to the hospital and my brother’s there and my little sister’s there and they’re both crying, my mom’s crying and I’m like ‘oh wow this is serious.’ I have be strong here. I go back there and my dad is coherent. You could tell that half his face was sagging a little bit and I’ve never seen my dad hurt ever in my life. I asked the nurse what’s going on and she’s like ‘well your dad’s brain is bleeding.’ I’m like all right… So what are you what are you doing about it? So they’re stabilizing him. The neurosurgeon that deals with that type of thing which is an AVM, just got out of surgery like the past 24 hours he was conducting surgery, he’s like on hour three of sleep. And so they just had to stabilize him and let this doctor get rest now. So 15 minutes later my dad starts having seizures and this is where it really hit me and my family was was scared like no other. I asked the nurse what’s going on? And his his brain started bleeding about five times worse than it was before. And at this point I don’t know if my dad’s going to live or not. So they actually got that surgeon up out of her bed and took the helicopter over to the other hospital where they specialize in that and they told us we don’t know what’s going to happen. There is no promises here. If he does make it through, he could be a vegetable for all we know. Anyways that the surgery was successful, for three weeks after that my dad was in the hospital and it took him two weeks to even wake up whenever he woke up, he didn’t even know who we were, which was horrible. But during that two week time period my mom was like… My mom’s a stay at home mom, so she doesn’t know how to pay bills, she doesn’t really know how to do anything online, Not really financially savvy. So my grandparents were helping to teach her how to pay bills and stuff like that. My mom comes up to me and she’s like ‘I think we’re going have to call one of those ‘we buy houses signs’ or let that house go to the bank’. I’m like ‘No you’re not. I’m going to make this happen.’ I just started going through my fix and flip class with that education company and I was like ‘nope we’re going make something happen.’ So I ran my numbers on the property they were very tight, not even most seasoned investors would really mess with this. And I ended up building my team, I got one of the best real estate agents in St. Lewis by paper I could see the transactions that he’s done. He performs, got my CMA, done built my contracting team (which, me and my family we took care of everything on the outside of the house which was kind of pretty pretty extensive. We had to build a whole new deck). The inside of the house we had a contractor that was also a family friend who helped us, he got compensated, but nowhere near what it would normally be. So I leveraged a little bit of private money in that transaction as well, I threw some money on credit cards, I wrote it up subject to existing financing because I don’t care who you are even if you’re doing business with family you better have it in paper and you better have it straight. I didn’t want my mom to have any influence, whatsoever in any of the decision making, so I literally put it under contract subject to existing financing and started doing this deal. It was a huge learning experience. I was kind of forced into it. My dad was recovering at the time. We got the deal done and ended up being 30 grand in profit. What does one do when his parents are in struggle mode? My parents were at that time in roughly fifteen thousand dollars in medical debt. Which, by the way, let me remind you; He worked his entire life to to to settle on a fixed income and garbage insurance. I gave probably twenty five thousand dollars in profit back to my family that paid off that 15 grand in medical debt prevented the foreclosure which, my mom didn’t expect any of this. the deal was that I prevent the foreclosure, the rest is mine, but that’s your parents. I got him out of that hole, prevented the foreclosure; It was under contract within 24 hours with four offers all over asking price. 


Andrew Roberts [00:26:44] That’s awesome. There you go. That’s so cool. I mean a horrible situation to be in… and is your dad doing OK?


Ryan Dodge [00:26:53] Yeah, he’s alive now and he has to walk with a cane. He started to say sentences and stuff like that but it’s an uphill battle. 


Andrew Roberts [00:27:03] Well I’m so glad that he’s doing OK. And it’s just so interesting to see and I firmly believe that like when people are put in tough situations like they rise to the occasion and like you said those numbers were tight. Before if you didn’t feel the drive to do that ,or feel the obligation to help your family, you probably would have walked away from that. 


Ryan Dodge [00:27:29] I would have yeah one hundred percent. 


Andrew Roberts [00:27:32] So, that’s a daunting deal and a tense situation to be in but you took on that challenge and you rose to the occasion and you made it work, which is so awesome. And I’m sure that prepared you for future deals. 


Ryan Dodge [00:27:48] Oh yeah. 


Andrew Roberts [00:27:49] Especially because everyone is afraid of risk when it comes to investing in any form or fashion. And so going into that with the numbers so tight and then with also  the emotional struggle that you’re going through with your family I’m sure that really prepped you for looking at risk going forward and think ‘that’s nothing.’


Ryan Dodge [00:28:12] Yeah. Fixing flips now for me are so easy. I already have the worst deal ever out of the way. That was it. 


Andrew Roberts [00:28:21] And you profited from it, which is amazing. You know. Very cool. And so going forward that was in St. Lewis? 


Ryan Dodge [00:28:32] Yeah. There was no foul in Missouri. So I’ve done deals in multiple states. 


Andrew Roberts [00:28:35] Gotcha. But at this time are you done with school and college station? 


Ryan Dodge [00:28:44] Central Texas A&M yeah, I don’t go to school. Because at that point my business sounds making like ten thousand dollars a month fourteen thousand dollars a month and like I was trading my time for dollars kind of like somebody at a job. Right? Like it’s just not worth it at that point that’s when I decided to drop out. And and I wasn’t impressed with the education either. 


Andrew Roberts [00:29:06] OK gotcha. And so your next deal I think that you mentioned was the 14 unit apartment complex. And are you the only owner of that? 


Ryan Dodge [00:29:18] No it’s me and two other partners. So I actually found that deal on craigslist for sale by owner, and it was listed at $389,000 and I negotiated them down to $319,000 with seller financing 30k down and then there’s basically a wrap. So we’ll re-finance out of that actually this year. But yeah, so it’s pretty lucrative. It does cash flow pretty decently. We could just pocket the cash flow right, but I think that’s stupid. It’s a distressed classy multifamily properties. So what we do is we take the cash flow and reinvested into the building. And so I think we have four more make-readies that we need to complete. And basically what that is we’ll spend about sixteen hundred dollars to put some LVT floors in at paint some some some new vents, right, any repairs make it look nice and that attracts a better qualified tenant. And it looks good whenever we go to re-finance out of it. So we’re going through that process right now. We take all the cash flow reinvested into the building we just put a new roof on it as well. 


Andrew Roberts [00:30:29] Awesome. And so and where’s that. 


Ryan Dodge [00:30:32] It’s in Killeen Texas. Which I know a lot of Austin investors are scared of Killeen, Temple, Fort Hood market which I think is the weirdest thing ever. 


Andrew Roberts [00:30:41] OK, Why why do you say that. Debunk it. 


Ryan Dodge [00:30:44] I’m going to debunk this right now. All right. So I’ve heard all types of excuses like ‘oh I don’t know what the market’s doing over there.’ Look man it’s freaking 45 minutes down the road. How do you not know what’s going on over there? There’s a great demand for rental properties over there in the Killeen, Temple, Fort Hood market. Temple itself is a great fix and flip market. You can even flip houses in Killeen. Matter of fact the Brookwood property that I just wrapped up that was under contract within 24 hours over asking price. And then, the funding fell through for that guy and popped up on his credit, so we had to put it back on the market. We raised the price, to it to what that guy’s offer was and it was back under contract within 24 hours. That’s so you can flip in Killeen. Just understand that the days on market are gonna be a little bit longer planned for 120 days on market. Mine never last that long. They’re never on the market for that long at all. The numbers just have to work, I mean one thing in real estate is that the numbers never lie, ever. All right, so I really don’t understand why individuals are so scared of the Fort Hood market. One thing that I heard was and especially with multifamily I was talking to a multifamily investor negotiating this new 14 unit that I’m looking to pick up and he’s like ‘well what happens if our next big war happens all of our troops deploy?’ And I’m like ‘What do you think they’re gonna pack their wifes in the bag to and take them with them?’ There’s still gonna be people there there’s still gonna be a demand for rent. It’s actually a really safe market, I would say. And it’s on the rise, actually, I mean there’s a lot of new construction out there. There’s definitely a demand for housing. We have a bunch of different markets around us right here. Why come play ball in Austin whenever you have all this competition out here I mean I have not met one good wholesaler in Austin, not one. I mean I’ve never seen one deal come across my desk that’s  70 percent of the after repair value minus repairs plus their wholesale fee which equals my max allowable offer. There is a deal like that I’ll buy it, no problem at all. But I haven’t came across it. So I think a lot of wholesalers out here are capitalizing on dumb money; That’s what I like to call it, even if there’s a deal that doesn’t make sense here, somebody is gonna do it unfortunately. 


Andrew Roberts [00:33:11] I mean we we’ve met some wholesalers and even had a few on the podcast that are great guys but, You’re right there are some people who are capitalizing on investors from out of state who don’t know the market, don’t know the neighborhood, or the house itself, and they hear austin and they think… 


Ryan Dodge [00:33:30]  I have mixed feelings about that like there’s even some folks that are highly successful in our group that I brought into this business and our education program that will make seven figures or over seven figures in real estate profit this year. But he’s become one of those guys that is capitalizing on undone money and I I don’t think I can ever bring myself to do that. 


Andrew Roberts [00:33:52] Sure. Yeah. And that’s, I mean that’s a huge thing that I’ve seen, I’m sure you’ve seen in this market and in life in general is that being a good person goes a long way and having a good reputation, and like I said just being a good person and and treating people well like that goes a long way and if you do the opposite that all I firmly believe that you’ll learn your lesson one day, you know. And I hope it’s in a good way. 


Ryan Dodge [00:34:20]  right. I believe a lot of wholesalers here locally don’t understand the concept that you should probably be wholesaling your best deals. That the deals that really just aren’t that great those are the ones that they’re marketing and as a wholesaler, which that’s not really my niche. I enjoy my time a lot, Like hunting season comes around which starts this Saturday. I might be wholesale in some deals instead of actually doing the flip because I just really enjoyed my time even though I don’t spend that much time on a fix and flip at all really. I just don’t feel like dealing with it. But as a wholesaler and especially here in Austin I think you could build a massive business if you just understood that you need to put the people first and the money will follow. 


Andrew Roberts [00:35:08] Yeah for sure yeah I 100 percent agree with you on that. That’s a good motto to have I’d say. And so going back to Killeen, Fort Hood that area that sounds amazing to me because the Austin market is so hot that like as a beginning investor it’s hard to get in, right. And I see deals going on in Killeen and Fort Hood all the time and because of the stigma that I’ve heard, I mean I’ve stayed away. But hearing this from you now makes me think that because of the deals I’ve seen like it would be easier to get in. 


Ryan Dodge [00:35:53] Oh it’s so easy. I do deals and I don’t even try. I mean I’m serious. Like it’s not hard right. That’s awesome. It’s like oh I feel like doing another fix and flip and do a little bit of marketing. Put the word out see what’s going on. 


Andrew Roberts [00:36:06] That’s cool. That’s awesome. So, now what is your long term goal? I know that you said that you really enjoyed your time you have a soon to be wife and one child another baby on the way, Congratulations! It’s very exciting. And so what’s the what’s the long term goal?


Ryan Dodge [00:36:29] So I want to create as many successful investors as I possibly can. I actually enjoy that more than than the real estate itself, so I I mentor a lot of people here in central Texas belive it or not just kind of weird because I’ve only been in the industry for less than four years. So the most rewarding thing for me is watching some people get into our group and go out there and take action and see success that is the most rewarding feeling ever. We work with a lot of veterans over there in the Fort Hood market. We gotta warrant officers we get active duty troops who got retired lieutenant colonels and a huge veteran group over there not just veterans but civilians too. It’s different from our group here in Austin, it’s like I believe that there’s a lot of folks that are just really comfortable here in the Austin market. You go over there and folks are hungry and so they they do a lot of deals they see a lot of success. So my main goal is to change as many lives as I possibly can but as far as real estate I’d like to leave a thousand acres of Texas land to each one of my children. I’d like to leave them a massive portfolio of multifamily and I want us all locked up and trusts and I want my values and morals to live on well after I’m done. People say that you can’t die with your money, or however that’s said. You can’t take your money with you. But the truth of it is is you can make it work for you. I mean if one of my kids doesn’t check off this box or this box like if they want to get into business ownership there they’ll have access to the wealth, just put it this way; If one of my children or every one of those children that are not doing the right things, they’re not going to get access to the wealth. So they’re going to have to check off certain boxes. And that’s whenever I say my values and morals are going to live well after I’m dead. I want to leave a legacy legacy for future generations is what it is. 


Andrew Roberts [00:38:36] That’s awesome. That’s very cool. I feel like In any business but in real estate and in investing finding your ‘why’ is huge. Finding your purpose and in that and letting that drive you, not doing it for, I guess for the money itself but yes, it’s great and that’s awesome and you’re able to live a comfortable life but finding a deeper reason of why and family seems to be huge to you as it is to me and that’s that’s awesome. 


Ryan Dodge [00:39:09] I consider all all of our investors my family too. I mean, I want people to know that there is a different way of doing things out there versus the nine to five versus going to school and getting a job. I see that failing right now, time and time again. I hate to say this and I hope my brother never listens to this podcast but he’s two years older than me, forty five thousand dollars in college debt and lives in my parents basement. He works a nice corporate job but also works for a sandwich company as a second job. he’s just trying to survive, and I just want folks to know that there is most certainly a different way of doing things.  I went for making thirty thousand dollars a year to where I’ve had a month this year that I’ve made over seventy thousand dollars in one month. So life from his is much different. 


Andrew Roberts [00:39:59] Right. And it’s amazing because you just started, what three years ago with with real estate investing career? 


Ryan Dodge [00:40:05] About three years and eight months ago. 


Andrew Roberts [00:40:07] Yeah. And now you just had a month that you made seventy thousand dollars. And when people look at the big picture too much I feel like it’s daunting. When you look at real estate investing and thinking like ‘well I’ll never reach that level of success where I’ll make seventy thousand dollars in one month’ and three years later, you’re doing it. So I would say that, and this is something I’ve seen before a trend so to speak, with real estate investors is just put in the work, you know just just grind. And when it’s time, that’s when he lift your head up. 


Ryan Dodge [00:40:41]  It’s about taking action, you’re most certainly right about that. I mean, it’s about getting around the right people, the right knowledge, the right network. Network is very very important. I mean I’ve raised a little over two million dollars to do all my real estate deals with. So most of my fix and flips, actually all of my fix and flips have been with using none of my own money and none of my own credit except for this Kempner deal that I’m doing right now. I didn’t want to go back to my investor; we went three grand over budget, which is perfectly fine because the numbers are still phenomenal. I’ll away with 17 grand she’ll walk away with like 12 grand. Her only capital committed with seventy two thousand dollars and she gets her return in less than three months. Again that’s over a 50 percent annualized return on her investment. But whenever I tell my investors something I don’t ever like going back. So I actually leverage some of my own money on this deal. Anyways and a lot of that money came from simply our network, our group. So your network is very important but the work will never do itself. If folks are out there looking for a get rich quick overnight scheme it’s just not going to work. I mean it’s you have to put in work.


Andrew Roberts [00:42:01] Yeah. But it’s so much fun. And I love what you said about your network. Relationships are huge and people who aren’t interested in real estate, just in life  having and building good relationships and being a good person will take you so far. 


Ryan Dodge [00:42:17] Absolutely. Yeah I agree. 


Andrew Roberts [00:42:19] So before we close out, you told me your long term goal. For the listeners people who are thinking about getting started and investing in real estate; What would your advice be as far as getting started?


Ryan Dodge [00:42:35] This is kind of a rigged question because I want to tell you just to contact me and I’ll get you information on our group. Literally, because I mean it is exactly what got me to where I am today. I mean I don’t know anything else to say but that because you can be taken advantage of in so many ways. I’m going to put somebody on blast right now. And it’s a it’s a big company. 


Andrew Roberts [00:42:56] Okay go for it. 


Ryan Dodge [00:42:59] The company is called Rich Dad. That’s not the company that I’m part of, right but their education is eighty thousand dollars, their biggest package and it’s an upscale model. So if you need something additional you’re going to have to pay. ‘Oh you need some additional coaching. That’s twelve hundred bucks a month.’ And then you’re gonna be you’re going to be sent to a call center. Well they don’t have one third of our curriculum of our highest level of education and that highest level of education in our group is twenty thousand dollars and we provide folks with funding options. Guaranteed funding. So I feel like I’m doing a disservice to folks if I don’t tell them about it.


Andrew Roberts [00:43:39] Yeah. That’s awesome.I I fully support that. Push what you believe. I believe in you and your business, and what you guys are doing, and how much you care for people so I fully support you. That’s awesome. 


Ryan Dodge [00:43:58] Thank you. 


Andrew Roberts [00:43:59] So that was a great lead into my next question. How can people find out about you? 


Ryan Dodge [00:44:07] So you can you can actually just give me a phone call my numbers (512) 375 8232. I hope I don’t regret putting that out there but that’s my actual cell phone number and just text me and let me know hey you want more info. Just so everybody knows we have investors in every state that are part of this real estate investing education. We have office locations all across the nation as well. I mean I don’t know where the majority of your listeners are at, but we have an office in Austin for weekly meetings. We have weekly meetings in the Fort Hood market as well. Real deal fix and flip tours where we bring you into the property, talk about how we found the deal, funded the deal, what the repairs look like, after repair value. And we’re very diverse. We cover all aspects of real estate investing to include the business ownership and financial strategies that come along with it. It’s not just real estate it’s about you being on a squared away business owner from the get go, which is pretty cool. So yeah just give me a call shoot me a text actually preferably text and let me know that you’re interested and I’ll get you information on our group. 


Andrew Roberts [00:45:13] Awesome. Cool. Well, Ryan dodge, you live up to the name. You’ve fully impressed me and I can guarantee you the listeners are impressed as well. Thank you so much for being on the podcast. 


Ryan Dodge [00:45:25] Well I appreciate the opportunity I just want to really say thank you guys and  I appreciate it and I look forward to continuing this relationship and see where it goes. 


Andrew Roberts [00:45:35] Yes sir. Will do. All right. We’ll see you guys later. 


Outro [00:45:39] Listen guys we have had some really awesome people on our podcast before and I’ve enjoyed it… But, this interview that I had with Mr. Ryan Dodge is by far my favorite experience of recording a podcast. It was so enjoyable just to get to talk to him, and get to know him and see what he’s been through and the deals that he’s done and how he approaches investing in real estate and how he approaches just the concept of financial freedom. It was very eye opening and I feel sorry for you guys not being able to be in the room with him, because it’s just a whole other deal. He was so enjoyable to be around and I really appreciate him being on the podcast. If you guys want to find out more about Ryan I’m going to put all of this information in the show notes below. Please reach out to him. He’s an awesome guy. He is there for you whenever you need him. And very smart, very educated and just a great guy all around. So, once again Ryan thank you so much for being on the podcast. I really enjoyed it and I know that the listeners did too. You listeners out there if you enjoyed this podcast leave us a review, let us know what you thought and share it with some of your friends. We really enjoy hearing your feedback and we enjoy new listeners coming to the show every week. We released new episode once a week so be on lookout for next week’s episode. We’ll see you guys next time.

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