Rhyan Finch is the owner and CEO of 1st Class Real Estate, the 1st Virtual Real Estate Franchise. Utilizing valuable insights, he has successfully franchised his proven and successful model, empowering the real estate age.

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1stClassRealEstate.com – See why 1st Class Real Estate is the way to go!

3 Value Bombs

1) Simple scales and fancy fails.

2) You can start from anywhere and you can end up wherever it is you want by following some of these key principles…

3) People want to own their own brokerage. Your one number one job is to not have a job.

Sponsors

HubSpot: There’s a better way to win, and it all starts with the new HubSpot Sales Hub. It’s smart software for smart sales teams that feels good to use! Try it for yourself at HubSpot.com/sales!

Belay: Stop wasting time on tedious tasks that are better done by someone else. Delegate with BELAY! Download their latest resource, The Power of Productivity, for free. Just text FIRE to 55123.

Show Notes

**Click the time stamp to jump directly to that point in the episode.

Today’s Audio MASTERCLASS: Virtual Real Estate: The future of Real Estate

[1:27] – Rhyan shares something that he believes about becoming successful that most people disagree with.

• Quit being successful and instead go back to what’s going to lead to success.

[2:15] – Rhyan talks about his early days starting at real estate.

• He had a friend who owned a Cadillac Escalade. He asked what he did for a living, which led him to doing real estate.

[2:54] – Rhyan’s AH-HA moment that led him to 1st Class Real Estate

• He wanted to set up something that was different than what everyone was doing.
• They are paving the way. They are facing the problems head on to really set it up for the next level of success.

[3:45] – What is virtual real estate?

• Virtual real estate is a technology that’s all interconnected; it allows people to run real estate brokerages nationwide.

[4:25] – The potential benefits of Rhyan’s real estate business.

• Those who join will have a real estate office, they’ll have a broker, the technology, and it’s made where they can fast track.
• They’ll have the ability to grow and scale rapidly because Rhyan’s team runs all the infrastructure for the on boarding, the closing coordination, the technology and the support – all of that is done for you.

[5:22] – Why switch technologies from your traditional setup?

• People want to own their own brokerage. Your one number one job is to not have a job.
• The business model allows people to build a business that’s sellable.
• On top of connecting all of the technology, they’ve set up ancillary business models so you can set up a mortgage company or a title company that makes ancillary revenues as they scale and grow.
• One of the cons is that you’re going to go from working with buyers and sellers to recruiting agents.

[7:45] – A timeout to thank our sponsors!

• HubSpot: There’s a better way to win, and it all starts with the new HubSpot Sales Hub. It’s smart software for smart sales teams that feels good to use! Try it for yourself at HubSpot.com/sales!
• Belay: Stop wasting time on tedious tasks that are better done by someone else. Delegate with BELAY! Download their latest resource, The Power of Productivity, for free. Just text FIRE to 55123.

[10:51] – The virtual franchise model.

• Centralizing all the services gets the costs down.
• They’ve added automation and a system so they can grow and scale quickly.
• Simple scales and fancy fails.

[12:05] – Rhyan shares a success story

• One person brand new in real estate was able to jump in, follow the training, and get leads into the system fast. She was, at one point, hitting ten transactions a month on her own.

[13:36] – A message to people who are looking for opportunities and looking for the right next step.

• You’ve got to make every business decision using profit.
• Look at 50x rule. Don’t spend time on things unless you’re going to get a multiplier of 50x.
• Make it a game. Everything has to have a scoreboard. It will make work a lot more fun.
• Perfection is the killer of profit.

[17:54] – Rhyan’s key takeaway and call to action.

• You can start from anywhere and you can end up wherever it is you want by following some of these key principles:
  • Stick close to the to the numbers,
  • Lead with profit,
  • Find an opportunity that works well for you,
  • Find a leading edge opportunity, and
  • Apply yourself.
• 1stClassRealEstate.com – See why 1st Class Real Estate is the way to go!

[19:16] – Thank you to our Sponsors!

• HubSpot: There’s a better way to win, and it all starts with the new HubSpot Sales Hub. It’s smart software for smart sales teams that feels good to use! Try it for yourself at HubSpot.com/sales!
• Belay: Stop wasting time on tedious tasks that are better done by someone else. Delegate with BELAY! Download their latest resource, The Power of Productivity, for free. Just text FIRE to 55123.

Killer Resources!

1) The Common Path to Uncommon Success: JLD’s 1st traditionally published book! Over 3000 interviews with the world’s most successful Entrepreneurs compiled into a 17-step roadmap to financial freedom and fulfillment!

2) Free Podcast Course: Learn from JLD how to create and launch your podcast!

3) Podcasters’ Paradise: The #1 podcasting community in the world!

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