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In this episode, Brett McCollum interviews Robert Herrick, a real estate investor and agent, who shares his journey from starting in California to expanding his investments in Indiana and Birmingham. Robert discusses the challenges and strategies of navigating different real estate markets, the importance of understanding local dynamics, and the value of mentorship in the industry. He emphasizes the significance of problem-solving in real estate investing and offers advice for new investors looking to break into competitive markets.

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Listen to the Audio Version of this Episode

Investor Fuel Show Transcript:

Brett McCollum (00:00.874)
Alright guys, welcome back to the show. I am your host Brett McCollum and Iโ€™m here today with Robert Herrick and today weโ€™re going to be talking about how he does real estate across the country. Interesting. Before we do guys, at Investor Fuel we help real estate investors, service providers, and real estate entrepreneurs to 2 to 5x their businesses to allow them to build the businesses theyโ€™ve always wanted and allow them to live the lives theyโ€™ve always dreamed of. Without further ado, Robert, how are you man?

Robert Herrick (00:27.664)
Iโ€™m good. How are you?

Brett McCollum (00:29.186)
Dude, great, man, good catching up with you. I wish we had even a few more minutes to get to know each other, but the little bit that we did, man, Iโ€™m like, this is, itโ€™s what, I say this too often, but Iโ€™m like, Iโ€™m gonna be best friends with this guy before weโ€™re done. Itโ€™s gonna be great. But I want more people to get to know you, man. Give us some history, some background, catch us up to speed. Who is Robert?

Robert Herrick (00:50.138)
Yeah, I grew up in California. I went to college in Indiana, got done with college and bounced around to almost every job you can think of for many years. I in the back of my mind, my mom did real estate, I was going to go back to real estate.

So in 2017, I became a real estate agent, started out there for a couple years. then, you know, itโ€™s funny in 2019, a friend went to a conference. She really wanted me to go with her. I didnโ€™t want to go. didnโ€™t want to go. Eventually I said, okay, fine. And it was this real estate flipping conference and I ended up buying the program and she didnโ€™t, but right around

that time my aunt passed away she had a house in North Hollywood and a house in a condo in Van Nuys which for those of you who donโ€™t know is the north side of Los Angeles where Iโ€™m a real estate agent and so right around that time I just got access to all of these videos all these documents from this this company that has since closed but I was able to just take on a couple of projects right away so got

renters out of the Van Nuys condo that was one of the most disgusting things Iโ€™ve ever seen and then renovated the house made the the back house a duplex and then from there I

I wanted to keep going, I got the bug at that point, but everything in California was really, especially LA was really pricey. So I went back to, you where I went to college, Indiana, started buying up rentals there. And then eventually I wanted to do more flipping and a friend of mine said, well, hey, I want to do this with you. Iโ€™m from Birmingham. We should look out there. I said, okay, sounds good. I now, mean at this point done about a dozen flips out there and itโ€™s been fun.

Brett McCollum (02:25.325)
Yeah.

Brett McCollum (02:34.552)
Okay.

Brett McCollum (02:53.888)
Incredible man. Yeah, wow I donโ€™t want to miss this either. Letโ€™s get like cuz this is kind of a big deal what Iโ€™m about to say Okay, and I think youโ€™ll agree with me the moment I say it because sheโ€™ll listen sheโ€™ll be listening to this. Iโ€™m sure Youโ€™re engaged I hear is that correct? Did somebody agree to marry you thatโ€™s a big deal Yeah

Robert Herrick (03:10.14)
Yeah, yeah. It is, it is, yeah. Yeah, and sheโ€™s great. Sheโ€™s actually from Argentina. So she just moved here about six, seven years ago and we met and sheโ€™s great. Iโ€™m a lucky guy.

Brett McCollum (03:23.212)
Wow.

Brett McCollum (03:27.618)
Thatโ€™s incredible. Iโ€™m like, hey man, Iโ€™m trying to tee you up for some bonus points here, man. Letโ€™s go. No, Iโ€™m kidding. But no, letโ€™s back up a little bit. So you went to college in Indiana. What school was it?

Robert Herrick (03:39.962)
IU, Indiana University in Bloomington. Yeah.

Brett McCollum (03:42.082)
Okay. Very cool. Yeah. you thatโ€™s and is it normal for people from LA to go to Indiana to come? How did that happen?

Robert Herrick (03:52.604)
I was everybody when I was out there I was one of only guys from California everybody I answered that question a thousand times like why are you out here but yeah big business school that was really great beautiful campus big sports teams and itโ€™s just a really fun little college town and you know I grew up in California I love it here but just wanted to do something else

Brett McCollum (04:04.579)
Yeah.

Brett McCollum (04:18.712)
Change of pace. Yeah. Yeah, thatโ€™s super cool. So youโ€™re there in Indiana all four years, or was it how long were you there?

Robert Herrick (04:25.134)
Yeah, well actually three of the four years and then one year I was actually in Hong Kong. Studied out there, yeah. So that was wild. If any of you ever have a chance to go to Hong Kong, itโ€™s a really metropolitan international city. Very, very cool. Theyโ€™ve had some recent changes, but itโ€™s still a really, really cool city.

Brett McCollum (04:31.226)
cool.

Yeah.

Brett McCollum (04:46.092)
Yeah, American tourist friendly.

Robert Herrick (04:49.348)
Yeah, yeah, everything, I mean it was a British colony until 97, so everythingโ€™s in Chinese and in English, every sign. Yeah, almost everyone speaks at least some English, so itโ€™s really very, very friendly for American tourists. Yeah. Yeah.

Brett McCollum (04:55.176)
Cool.

Brett McCollum (05:01.624)
Very accessible, thatโ€™s awesome. Yeah, itโ€™s definitely on the list. Iโ€™m not gonna lie, itโ€™s on my list for sure, places to go.

Robert Herrick (05:08.184)
Itโ€™s fun and the food, incredible.

Brett McCollum (05:10.638)
Canโ€™t beat it, dude. Yeah, donโ€™t tempt. Okay, yeah, letโ€™s stay on track, because we will go off the rails on that one here for a bit. But, all right, right. All right, so youโ€™re back in LA, and you get this, letโ€™s talk about that property a little bit. So, the first one there. How did you come about it again?

Robert Herrick (05:13.212)
I do this too often,

Robert Herrick (05:31.322)
Aunt passed away and you know sheโ€ฆ

Basically, she had a house and a condo from her marriage. so there were two people, two older women living in this condo. And this thing was just, these women were older and they were really not all there mentally. So one of them moved out and then another one I basically had to go in there, help her move out and give her some money. And I tell you, it was, the whole condo was 750 square feet. So it wasnโ€™t big, but.

We found thousands of roaches. Thousands. Yeah, was everything youโ€™re taking off the wall, a roach was running out from behind you. It was just that kind of chaos. these women just hadnโ€™t even noticed, werenโ€™t even, you know, they werenโ€™t all there necessarily. But they were sweet and they had family that took them in and everything. But this was a great project to start on, just as a small condo that I could really.

Brett McCollum (06:13.506)
No.

Robert Herrick (06:31.076)
you know, do slowly and implement the stuff Iโ€™ve been learning.

Brett McCollum (06:33.25)
Yeah. Yes. Question I thought of when you were saying that earlier is you were talking about like I did every job out after college. I all the things. How does it come? Because Iโ€™ll be honest with you. So for me personally, I never set out to be a real estate investor. That was not my lifeโ€™s dream. That was just not. It kind of fell upon me. I know you said your aunt passed away, but like

Robert Herrick (06:45.115)
Yeah.

Brett McCollum (07:01.006)
And I hope this doesnโ€™t come off as crass, Robert, and thatโ€™s not my heart here. But a lot of our family members pass away. Like, how did you go, well, I wanna do something with it. Like, where did that come from?

Robert Herrick (07:13.37)
Like I said, I mean there was something just kind of in the back of my mind where I kind of always thought Reveal Estate was gonna be the end game. I donโ€™t know why, necessarily. Maybe because Monopoly was my favorite game growing up. I would knock on neighbors doors to play with me. Not really kidding. But you know, it was funny, my friend taking me to that conference and you know, just Iโ€™m watching some of the stuff and then Iโ€ฆ

Brett McCollum (07:17.698)
Thank

Brett McCollum (07:26.093)
Yeah.

Robert Herrick (07:41.71)
started just reading everything I could about investing and I realized, wow, I love this. What? It was for Fortune Builders because they were doing this company at the time where they would help.

Brett McCollum (07:44.034)
Which conference was it? Which conference was it? What kind of conference was it?

Brett McCollum (07:51.479)
Iโ€™m here.

Robert Herrick (07:54.236)
basically mentor you and teach you how to do a lot of this stuff. So itโ€™s basically exactly like, itโ€™s very similar to what Investor Fuel does, which is really cool and what allowed me to get off the ground. If I didnโ€™t have that, there was no way I would have been able to scale as much as I have in about four and a half years. So it was really nice to have. They closed down about a year and a half after I signed up, but they still, I still have access to all this stuff and

Brett McCollum (07:57.55)
Thank

Brett McCollum (08:03.086)
Yeah.

Brett McCollum (08:12.631)
Right.

Robert Herrick (08:22.81)
You know, itโ€™s just once I got a bug for it, some of the flipping, was just like, wow, this is fun. I love the number aspect of it, you know, just financially figuring out ways to make things work and yeah, just every step is just fun.

Brett McCollum (08:34.179)
Right.

Brett McCollum (08:38.306)
Yeah, thatโ€™s super cool. Yeah, mean, because, you know, and itโ€™sโ€ฆ

Itโ€™s tough because when you know we have family that goes through stuff and youโ€™ve seen that but itโ€™s also Thereโ€™s that blessing in disguise of like man. Itโ€™s Iโ€™m sorry that that happened like I bet aunt would have been like man. This is Iโ€™m Looking down. Sheโ€™s probably like Iโ€™m glad this happened for you Robert You know kind of thing because it it led to you getting you know doing all the things so Weโ€™re gonna do a little bit of a journey walk on like kind of What you do? Okay, so youโ€™re in youโ€™re a realtor in Los Angeles

Robert Herrick (09:12.796)
Yeah, and I do you know I work with just about everybody but my the majority of the clients I have are Investors in people looking to you know either house hack or buy a rental property that makes sense But a lot a lot of multifamily stuff

Brett McCollum (09:13.956)
Is that correct?

Brett McCollum (09:19.95)
Go.

Brett McCollum (09:34.178)
Yeah, because I was going to ask you that question of like, okay, LA notoriously one of the most, you know, competitive markets in the country. No shortage of other Roberts out there realtors, right? Like in a very hyper expensive, like, you know, place, what are you doing? And that answers it perfectly. I work with investors. do this right here, like carving out that niche, you know.

Robert Herrick (09:36.54)
Yeah.

Robert Herrick (09:42.428)
Mm-hmm.

Robert Herrick (09:48.827)
Yeah.

Robert Herrick (10:02.98)
Yeah. Yeah. So anyway, I mean, itโ€™s nice. Itโ€™s itโ€™s one of those things just and I wasnโ€™t for the first couple of years I was doing this. I just didnโ€™t acknowledge that as something I had extra knowledge in. And I just, you know, business took a while to get going. But then after a while, I started working with just some friends looking for an investment property or place to house hack. And all of sudden I realized, like, Iโ€™ve been because basically 2020 hit COVID.

Brett McCollum (10:04.152)
Yeah. Howโ€™s that been?

Brett McCollum (10:09.742)
Thank you.

Brett McCollum (10:15.299)
Yeah.

Robert Herrick (10:31.268)
And I just spent that entire time while we were indoors just reading about real estate investing, about house hacking, about all this stuff. Like I literally, taught myself that in guitar and it was, so at this point itโ€™s just been nice that.

I can help, can really talk people through like, here are all these areas, hereโ€™s what you canโ€™t do, canโ€™t do, you know, hereโ€™s why you can get this one at a good value and none of thatโ€™s on the sheet youโ€™re looking at right now, but like, at this point, Iโ€™ve been an agent for almost eight years and it just, you just learn some things.

Brett McCollum (10:51.928)
Yep.

Brett McCollum (11:07.158)
Yeah, I mean, yeah, you learn by doing a lot too, right? yeah, so all right. Thatโ€™s the LA piece, right? And this is part thatโ€™s going to be kind of interesting. So youโ€™re doing stuff in both Indiana and also Birmingham, Alabama. Am I correct? Itโ€™s the old age old, which came first? Which one was first, Indiana or Birmingham?

Robert Herrick (11:10.171)
Yeah.

Robert Herrick (11:24.25)
Yeah.

Robert Herrick (11:32.238)
Indiana first. that was the first duplex I bought out there was just a, you know, nice easy rental property, cash flows for me, and you know, wasnโ€™t too expensive. And that was a nice little way to get started, but I knew Indianapolis because Iโ€™d gone to college there. And Iโ€™ve got like a second cousin out there whoโ€™s able to kind of check in on stuff for me if I need her to. And

Brett McCollum (11:50.989)
Yeah.

Robert Herrick (12:00.666)
So that worked, but you know, that was still a little slow. And I like, you know, I donโ€™t have any kids or anything at this point. And I just like throwing myself into a bunch of different projects. so, like I said, a buddy of mine approached me about flipping and Iโ€™d been wanting to do that. so I said, all right, Indianapolis will be my buy and hold area and Birmingham will be more of my flipping area. Andโ€ฆ

Thatโ€™s how, generally, that part of it got started.

Brett McCollum (12:30.958)
Yeah, thatโ€™s super cool. Letโ€™s target the Indiana for a moment. So obviously that makes total sense. when I was talking, Iโ€™m like, why is this guy, like, what is this? That makes total sense now, though, Like, are you buying there actively now? Or are you kind of like, what does that look like today for you?

Robert Herrick (12:56.036)
Yeah, so now I have a couple out there. And yeah, I mean Iโ€™m still looking right now. Iโ€™ve got a massive project in Birmingham that weโ€™re trying to finish up. itโ€™s like last several months I really havenโ€™t been focusing much on buying out there. But yeah, I the idea is ideally flip one or two places in Birmingham and then buy a rental in Indianapolis and just kind of diversify.

Brett McCollum (13:18.744)
Yeah.

Robert Herrick (13:21.628)
So yeah, all of them have been, you know, theyโ€™re relatively cheap and theyโ€™re cash flowing seven, $800, maybe $1,000 a month. But theyโ€™ve, you know, theyโ€™re just nice. Theyโ€™re just nice to have. And as far as Iโ€™m concerned, Iโ€™m never gonna sell them.

Brett McCollum (13:34.306)
Yeah, yeah, well hereโ€™s, this is kind of probably a layup for you, but like why the Midwest, specifically for you now, Indiana, know, Indianapolis, why does that make sense as the rental market that you, you know, why not do your rental market in Birmingham? Why is it better in Indiana?

Robert Herrick (13:56.284)
I like that. So again, a couple of things. Itโ€™s partially itโ€™s just how I got it started, you know, admittedly, but I really like the infrastructure that Indianapolis has and in Birmingham too, but Indianapolis, the job creation has been steady there. The population growth has been steady there. Itโ€™s one of the quietly bigger cities in the Midwest that really just has several different places that are close to it too, which I really like other big cities.

Brett McCollum (14:03.597)
Okay.

Brett McCollum (14:12.494)
Thank

Robert Herrick (14:26.212)
So, you know, people travel through it a lot and it just has a lot of stable metrics that are just for what Iโ€™m especially for what Iโ€™m looking for for a rental place. Stable metrics are good, you know.

Brett McCollum (14:39.362)
Yeah, stability is everything. Itโ€™s consistency. Itโ€™s predictable.

Robert Herrick (14:43.568)
Yeah. And itโ€™s not too reliant on any one industry either, like Detroit and the car industry. Itโ€™s really, thereโ€™s multiple different things, multiple different companies that out there really making stuff happen.

Brett McCollum (14:59.054)
Yeah, so you know far more about it than I do, but some limited studying Iโ€™ve done, albeit into that market area. It seems like from what I gather is buy pricing, like you can buy it forโ€ฆ

It rents higher than you can buy it for, if that makes sense. Like, it has stronger rents thanโ€ฆ

How do I say this right? If I bought it for 100K, letโ€™s just make up a number here, and it might rent for 1,400 instead of that traditional. Yeah, it rents higher than that, whereas thatโ€™s really hard to achieve in a lot of markets where you can actually even get that 1%. You can actually rent stronger in some of these Midwest markets. Do you find that to be true for the things youโ€™re seeing out there?

Robert Herrick (15:35.388)
Yeah, more than the 1 % rule.

Robert Herrick (15:52.932)
Definitely. Whatโ€™s interesting is, Indianapolis is like a lot of other places where I had to really, once I got into that market and I did the same thing with Birmingham, really study several maps of the city. Because what youโ€™ll find is that for probably two-thirds of the city, thatโ€™s not the case. But for about a third of it, it is. And you know, maybe a little bit more than that, but then you donโ€™t want to get, never want to buy a rental in a D area, right?

Brett McCollum (16:12.686)
Mm-hmm.

Robert Herrick (16:21.998)
And ideally not even in a C- area. You want a C, C +, B- area, B- area when youโ€™re buying your rentals. So itโ€™s that tricky balance of getting a nice return, but also, you know, buying it in a nice area. So, yeah, itโ€™s, thereโ€™s definitely more out there. mean, Los Angeles, you canโ€™t find cash flow really out here at all, butโ€ฆ

Brett McCollum (16:45.921)
Yeah.

Robert Herrick (16:47.406)
Inversely, in Los Angeles you get the appreciation bump that you donโ€™t necessarily get in, you know, Indianapolis. So itโ€™s a trade-off, but yeah, the rental rates out there for the purchase price are definitely more favorable, especially in those Midwest towns.

Brett McCollum (16:53.912)
Right.

Brett McCollum (17:03.916)
Yeah, thatโ€™s things Iโ€™ve been seeing too. So, You got a buddy, heโ€™s living out there. How long ago was this that he approached you with that idea?

Robert Herrick (17:15.836)
That would have been 20, 22, I think. Yeah. Yeah, so not long ago. Whatโ€™s that?

Brett McCollum (17:18.286)
Okay, you guys have done a dozen flips at this point. About 10, 12 flips, you said.

Robert Herrick (17:26.232)
Yeah, well, so I guess out in Birmingham, so I guess in Birmingham weโ€™ve done probably nine, because Iโ€™m including, when I say that number, thatโ€™s like how many Iโ€™ve done in total, but yeah, out in Birmingham probably about nine. And yeah, he lived out here and he was moving back there, and so itโ€™s been nice to have him as boots on the ground. Yeah, and really, I learned my lesson from Indianapolis where,

Brett McCollum (17:48.014)
Really? Yeah.

Robert Herrick (17:55.46)
I started out there, I had a contractor for the very first, we bought the first rental, fixed it up and that guy was scatterbrained. He charged me for things he didnโ€™t do, didnโ€™t charge me for other things he did. So this time around I was very careful about who I met, the team I put together out there. The very first project we found and we got under contract, I had four contractors go out there.

Brett McCollum (18:14.69)
Right.

Robert Herrick (18:21.028)
I talked through it with all of them. I had them all send me itemized bids of what they were gonna do, how they were gonna do it. And, you know, just through that process, three of them sent me bids, but one of them was just kind of careless. really one guy in particular separated himself. And heโ€™s just, heโ€™s been great. Heโ€™s done all our projects. Heโ€™s one of those guys that just loves to work, works very hard.

Brett McCollum (18:33.57)
Yeah.

Robert Herrick (18:48.454)
So heโ€™s been great. Weโ€™ve got a great real estate agent out there. That was again, the same thing, just calling a bunch of people, talking through them. And I just, recommend that to anybody whoโ€™s doing this kind of work and youโ€™re breaking into a new market, take your time to study it. And really, youโ€™re not going to want to interview for contractors. Itโ€™s awkward, but do it, do it because youโ€™ll find one. Thatโ€™s really great.

Brett McCollum (18:53.4)
Yeah.

Brett McCollum (19:06.316)
Gotta do it. Yeah. Yeah, that kind of leads me into kind of the like a little transition, but still on topic with, you know, outside markets like, you know, you can, mean, heck man, how your three, two, three time zones removed, you know, you know, and LA out there, you know, you know, itโ€™s

Some of the, talk about a couple of the challenges that you walk through kind of routinely, and then obviously Iโ€™m sure youโ€™ve kind of made some pivots and changes accordingly, talk about some of those challenges. What do they look like for you?

Robert Herrick (19:42.372)
Itโ€™s interesting. I one of them is, yeah the time zone thing can be tricky. Iโ€™m not a morning person. Unfortunately, I just, my mind just works so much better at night but you know so many things are happening out there so frequently Iโ€™ll wake up and you know itโ€™s 7 15 in the morning and Iโ€™m getting you know itโ€™s 9 15 out there and Iโ€™m getting or in Indianapolis itโ€™s itโ€™s 10 15 and Iโ€™m just getting a bunch of emails or a bunch of like calls and texts and stuff like that so dealing with stuff like that inversely then those markets

lot of those people close around you 2 or 3 p.m. my time so sometimes I shoot I got to get to that shoot itโ€™s already closed I have to do it tomorrow so thatโ€™s a bit of a challenge what you know and then really having again I kind of learned this on my first Indianapolis place but like we would do FaceTime tours of the of the property okay it looks good but then you come to find out well yeah it looks good but the windows donโ€™t open in some of the rooms and so itโ€™s really

Brett McCollum (20:17.635)
Yeah.

Brett McCollum (20:41.528)
Yeah.

Robert Herrick (20:42.588)
Creating like a bunch of processes so that you know everything is being checked. Flying out there a good amount. Iโ€™ve done that a good amount, which is nice at this point. it, you know, I donโ€™t have to do it as much now because I trust my team. But, you know, just going out there to just double check everything. Make sure itโ€™s the way it is and the way theyโ€™ve, you know, itโ€™s been done the way they said that it was going to get done. But yeah, justโ€ฆ

Brett McCollum (21:09.358)
Mm-hmm.

Robert Herrick (21:12.846)
slowly working through checks and balances.

Brett McCollum (21:15.82)
Yeah, it takes time and youโ€™ve been, know, to get good SOPs, making sure you know exactly, you know, but when youโ€™re going through the ropes and learning them all, like youโ€™re developing, you know, those skills along the way, you know. Yeah. So I guess this leads to another good, like we were talking a little bit kind of before the show of different things and I really like asking this question.

Robert Herrick (21:30.63)
Yeah.

Brett McCollum (21:42.432)
Because thereโ€™s so many people listening to this Robert they they theyโ€™re in an LA or theyโ€™re in a you know Iโ€™m in Florida and thereโ€™s a lot I mean all these hyper competitive locations and Iโ€™m thinking about you know letโ€™s say Indianapolis or Kansas City or name the Midwest town right Iโ€™m thinking about I couldnโ€™t do that from here you know

Robert Herrick (21:57.926)
Yeah.

Brett McCollum (22:02.702)
Whatโ€™s some advice you would give that person? Obviously what you said is making those phone calls and getting to know those people. Whatโ€™s some good advice you can leave, some wisdom? Like, hey, I did it. This is what Iโ€™ve learned. Give us a couple things that might be helpful.

Robert Herrick (22:20.634)
Yeah, Iโ€™ll admit, mean, having the one starting nearby to where I live was nice because I was able to go and walk around and see the first two projects I ever did.

Brett McCollum (22:26.936)
We go.

Brett McCollum (22:33.335)
Yeah.

Robert Herrick (22:33.924)
If you have that opportunity, thatโ€™s definitely something I would suggest doing for your very first project. Thereโ€™s just so many things that you donโ€™t know you donโ€™t know. And just being there, having your contractor walk through it and point out all these different things. just knowing, know, again these first ones were in LA so I knew that market a little bit better. That was nice. But, you know, once you get out there, itโ€™sโ€ฆ

Brett McCollum (22:44.717)
Right.

Robert Herrick (23:01.57)
Itโ€™s really understanding your market, talking to everyone you can about all these different areas. Youโ€™ll find, you you look at something on a map and you you think you can flip it for this because that house down the street just sold for that. But you donโ€™t realize that thatโ€™s literally on the other side of a train. This happened to me one time. Literally on the other side of a train track where thatโ€™s the nice neighborhood and this is the not as nice neighborhood. so asking a bunch of questions and really just getting into it with your real estate agent

Brett McCollum (23:18.36)
Yeah.

Brett McCollum (23:24.834)
Right.

Robert Herrick (23:31.486)
with your contractor, getting a bunch of opinions from different people, and working through, you know, all these different areas, the comps youโ€™re seeing, stuff like that. And then especially for some of you newer guys, itโ€™s having a mentor or having somebody that can really like walk through this stuff with you.

Brett McCollum (23:52.814)
Truly.

Robert Herrick (23:54.156)
It was nice for me to have a bunch of these videos and documents and stuff but admittedly some of the mistakes Iโ€™ve made Iโ€™ve talked to people who have become mentors since and they just, well whyโ€™d you do that? Well, nobody was telling me I couldnโ€™t or I shouldnโ€™t. But itโ€™s part of the fun of it, you know? Itโ€™s just youโ€™re going into it and youโ€™re kind of seeing what works and what doesnโ€™t work and you know, itโ€™s likeโ€ฆ

Brett McCollum (24:06.797)
Yeah.

Robert Herrick (24:22.108)
Itโ€™s like youโ€™ve talked about on the podcast, itโ€™s problem solving a lot of times, you know?

Brett McCollum (24:26.424)
Yeah.

You do. thatโ€™s kind of why we earn a paycheck as investors. We problem solve, right? At the end of the day. Problem solve in the beginning, problem solve during, and problem solving at the end, and then post. Itโ€™s always problem solving. It just changes. But man, this has been great. I really appreciate you kind of just coming in here and just dumping out all the things for us.

Robert Herrick (24:44.113)
Yeah.

Robert Herrick (24:51.108)
Yeah.

Brett McCollum (24:52.118)
showing people the possibility of whatโ€™s, honestly whatโ€™s possible if like you donโ€™t have to be strapped to the market that youโ€™re in necessarily and there is a path. Yeah, and you can, I love, and I didnโ€™t say this to you, I love the fact that you have clear vision, meaning my rentals are here, my flips are here, this is my vision, this is clear cut, this is how Iโ€™m doing it. Not to say youโ€™re not gonna do something else, but I love the defined.

Robert Herrick (25:00.602)
No, you definitely donโ€™t.

Brett McCollum (25:18.284)
Like, this is how weโ€™re doing it. And I think that speaks to the success youโ€™re having.

Robert Herrick (25:23.11)
Thanks, yeah, you know what, I have to attribute some of that to my fiance as well. I mean, sheโ€™s kind of helped me. Iโ€™ve got all these thoughts, all these things I want to do, and just in a lot of ways helped me kind of condense and stay a little bit more focused and clean everything up because thatโ€™s how more things getโ€ฆ

Brett McCollum (25:39.522)
Yeah, for sure. I mean, how, if people want to connect, do you reach out, something like that? Like, whatโ€™s the best way for that to happen?

Robert Herrick (25:47.964)
Yeah, Iโ€™m one of the worst millennials when it comes to social media, but Robert Tyler Herrick Real Estate on Instagram, that is probably the best way to get a hold of me. And then, you know, you ever want to shoot me an email, roberttylerherrick.com.

I, if you have any questions about, especially about the LA market or anything like that too, Iโ€™m always happy to just answer those for anybody whoโ€™s interested. you know, if anybody ever wants to get into anything in Birmingham, Indianapolis, let me know.

Brett McCollum (26:11.585)
Yeah.

Brett McCollum (26:19.822)
Perfect, weโ€™ll make sure that gets in the show notes for everybody too, man dude, itโ€™s been really good getting to know you. mean, you keep it local with your investor clientele there and then on the personal side being able to have the vision in Indiana and then also in Alabama. Itโ€™s been really great getting to learn more from you, man. So thanks for being here with us.

Robert Herrick (26:41.701)
Yeah, thanks for having me.

Brett McCollum (26:43.554)
Alright, well guys, itโ€™s been a great show. Thank you again for Robert for hanging out with us and weโ€™ll catch you guys on the next episode. Take care everybody.

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