Rising from Ruin: A Real Estate Millionaire's Journey with Ricky Carruth | Prereal Podcast #175

PreReal Podcast

EPISODE SUMMARY: Listen in as we sit down with the incredible Ricky Carruth, a true titan in the real estate industry. With a journey from zero to millionaire, back to zero, and then back to millionaire again, Ricky has been through it all. He shares with us his profound understanding of market cycles and his strategies to withstand market shifts. Listen in to hear about Ricky's experiences, and gain some invaluable insights into the real estate market. Finally, we delve into the exciting world of tax deferment and scaling strategies with our guest speaker, Ricky Carruth. We discuss the importance of scaling and the power of utilizing social media in real estate. The episode wraps up with a discussion on real estate investing and market predictions, sharing personal success stories, and the benefits of buying properties in tertiary and secondary markets. It's a jam-packed episode, offering a wealth of knowledge for anyone interested in the real estate industry. Tune in to elevate your real estate game! RICKY'S BIO: Ricky Carruth's real estate journey is a rollercoaster of success and innovation. He became a millionaire by 23, lost it all in a crash, but bounced back stronger in 2008. By 2014, he was Alabama's #1 RE/MAX agent, closing 100 deals yearly for 8 years. In 2017, Ricky took a new path, offering free coaching (Zero To Diamond) to reduce industry failure rates. He's a top-five real estate influencer with a massive following. Beyond being an agent, Ricky runs a network of 800+ agents, wrote books, and launched a CRM. His business mantra: coach for free, build a powerful brand, and expand with innovation. GET IN TOUCH WITH RICKY: instagram.com/rickycarruth youtube.com/rickycarruth EPISODE CHAPTERS: (0:00:00) - Real Estate Success and Lessons Real estate agent Ricky shares his journey from zero to millionaire, emphasizing market cycles and the need for a resilient business structure. (0:12:01) - Personal Branding and Real Estate Investing Our guest's passion for real estate, helping agents succeed, creating content, building a personal brand, and investing in rental properties. (0:23:44) - Real Estate Investing and Market Predictions Real estate investments in tertiary and secondary markets, low inventory and high demand, mortgage rates, inflation, and property maintenance for maximizing profits. (0:37:55) - Free Coaching vs Paid Education Debate Nature's value in real estate: paid coaching, free education, brand building, partnerships, online presence, hard work. (0:49:44) - Tax Deferment and Scaling Strategies Tax deferment, smart financial strategies, scaling and social media, and staying safe with guest speaker Ricky Carruth. For informational purposes only. Always consult with professionals. This is not meant to be used as legal or tax advice or otherwise. Any projections, opinions, assumptions, or estimates used are for example only. All information should be independently verified and is subject to errors and omissions. Check out some of our other videos and listings: PreReal Podcast https://www.youtube.com/watch?v=pTgZYyrkRyU&list=PLbyMUN39hTNWUFWH-tprcR0sTOwdqCfuk PreReal™, Prendamano Real Estate of staten island, NY is a real estate marketing firm that is focused on lead generation for all its properties for sale. More leads equals bigger pockets in the end for everyone. If you are house hunting and looking for a house for sale don't hesitate to give us a call [phone]. If you think it is time to sell your house, we can get you top dollar for your property. Visit us at www.prereal.com Follow us on: Facebook: https://www.facebook.com/PrendamanoRealEstate Instagram: @prerealpodcast @prerealestate TikTok: @prerealestate Twitter: @prerealestate #RealEstate #Tips #PreReal