Passive Wealth Principles

In this reflective episode of Passive Wealth Principles, Jake Harris revisits the enlightening conversation he had with DJ McClure, a national flood expert. Jake shares his learnings about how property owners can reduce insurance costs and boost the value of their real estate investments by navigating flood zones effectively. He also discusses the broader applications of flood expertise in real estate development and the value of note-taking for personal and professional growth.Episode Highlights:1. Reducing Insurance Costs in Flood Zones:Jake emphasizes the potential for property owners to lower insurance costs by removing their properties from flood zones.2. Boosting Net Operating Income (NOI):How the removal of properties from flood zones can significantly increase the NOI of these properties.3. Flood Expertise in Real Estate Development:The application of flood expertise to enhance real estate development, particularly in increasing buildable square footage and driving property value.4. The Value of Note-Taking and Journaling:Discussing the importance of note-taking apps and journaling as essential tools for personal and professional development.Key Takeaways:Leveraging flood zone knowledge can lead to substantial insurance cost savings for property owners.Removing properties from flood zones can markedly improve the NOI of the properties.Applying flood expertise in real estate development can result in more buildable space and increased property value.Embracing digital note-taking and journaling as crucial practices for growth and efficiency.Stay Connected:For more insights and resources, visit Passive Wealth's website.Join the Passive Wealth Tribe Facebook group for discussions and networking - Passive Wealth Tribe Group.Follow Jake Harris on Instagram @jake.realestate for ongoing updates and tips.Conclusion:Tune into this episode of Passive Wealth Principles where Jake Harris delves into the key lessons learned from his interview with DJ McClure. This episode highlights the significant financial and developmental advantages of understanding and navigating flood zones in real estate, alongside the ever-important practice of diligent note-taking and journaling for sustained personal and professional advancement.

In this informative episode of Passive Wealth Principles, Jake Harris engages in a detailed conversation with DJ McClure, a flood expert from National Flood Experts. DJ delves into the intricacies of flood zones, how properties can be removed from them, and the impact on flood insurance costs. The episode also touches on the advantages of digital note-taking and its relevance in today's fast-paced world.Episode Highlights:1. Demystifying Flood Zones:DJ McClure explains the process of determining flood zones and the role of FEMA flood maps.2. Success Stories in Flood Zone Removal:Examples of successful projects where properties were removed from flood zones and the subsequent impact on property values.3. Flood Insurance and Due Diligence:The importance of including flood insurance in property due diligence and the potential savings for property owners.4. Digital Note-Taking vs. Physical Journals:Jake and DJ discuss the benefits of digital note-taking platforms like Remarkable over traditional physical journals.5. Security and Accessibility of Digital Notes:Emphasizing the security features and easy accessibility of digital note-taking methods.6. Invitation to Connect:DJ McClure encourages listeners to connect with him on LinkedIn and visit the National Flood Experts website for more information.Key Takeaways:Understanding FEMA flood maps and their update frequency.National Flood Experts' role in assisting property owners to remove their properties from flood zones.The process of analyzing topography and elevation certificates to challenge flood zone designations.The significant value addition and insurance cost savings from removing a property from a flood zone.Stay Connected:To learn more about flood zones and insurance, visit the National Flood Experts website.For more insightful episodes and resources, visit Passive Wealth's website.Join the Passive Wealth Tribe Facebook group for engaging discussions and networking opportunities - Passive Wealth Tribe Group.Follow Jake Harris on Instagram @jake.realestate for more real estate tips.Conclusion:Tune in to this episode of Passive Wealth Principles where Jake Harris and DJ McClure explore the complexities of flood zones, the potential savings from removing properties from these zones, and the emerging trend of digital note-taking. This discussion provides valuable insights for property owners and professionals in the real estate sector.

In this special episode of Passive Wealth Principles, host Jake Harris takes time to reflect on the insightful interview with James Richardson regarding the art of buying businesses. Delving into James's unique background in corporate restructuring, Jake revisits the key strategies and advice offered for successfully acquiring and managing businesses.Episode Highlights:1. The Journey of Buying Healthy Businesses:Revisiting James Richardson's approach to applying his corporate restructuring skills to the acquisition of healthy businesses.2. Avoiding Distressed Business Purchases:Understanding James's advice against buying distressed businesses and the importance of maintaining emotional detachment during the buying process.3. Importance of Relationships in Business Acquisition:The significance of building relationships with key personnel in the business to facilitate a smooth transition.4. Structured Meeting Cadence and Business Health Monitoring:Implementing a structured meeting cadence with a scorecard for continuous evaluation of the business's health.5. Perspectives of Different Buyers:Distinguishing between financial buyers and strategic buyers, with advice for first-time buyers to focus on cash flow.6. Acquiring from Retiring Owners:The strategic approach of buying from retiring business owners as a means to acquire established businesses.Key Takeaways:Emphasize the acquisition of healthy, profitable businesses.Importance of emotional detachment and comprehensive due diligence in the acquisition process.Building relationships with key personnel for a successful business transition.Implementation of structured meetings and scorecards to monitor and maintain business health.Stay Connected:For more insightful episodes and resources, visit Passive Wealth's website.Join the Passive Wealth Tribe Facebook group for engaging discussions and networking opportunities - Passive Wealth Tribe Group.Follow Jake Harris on Instagram @jake.realestate for additional updates and insights.Conclusion:Tune into this reflective episode where Jake Harris consolidates the valuable lessons from his dialogue with James Richardson, offering a deeper understanding of the nuances and strategies in business buying. Embrace these insights to navigate your own journey in the realm of business acquisition and management.

In this episode of Passive Wealth Principles, join host Jake Harris as he delves into an engaging conversation with James Richardson, tracing his unique journey from the world of music to the intricacies of accounting. James, renowned for his expertise in restructuring and turnaround, shares his wealth of knowledge on the dynamics of business buying and the crucial differences between financial and strategic buyers.Episode Highlights:1. The Evolution from Music to Accounting:James Richardson discusses his transition from music to the world of accounting and business buying.2. Understanding Business Buying:Insights into the distinction between financial buyers and strategic buyers.The concept of platform companies in the business buying landscape.3. Strategies and Advice for Business Buyers:Emphasizing the importance of relationships and patience in business acquisitions.The value of regular meetings and tracking leading indicators.4. Structuring Deals and Financing Acquisitions:James shares his personal experience with financing his first business acquisition.Discussion on structuring deals and the significance of partnerships and networking.5. The Power of Mindset and Time Investment:Recommendation of 'The Go Giver' for a mindset shift towards abundance.The value of investing in time, highlighted by Richardson's experience of hiring a nanny.6. Engaging with James Richardson:Invitation to connect on Instagram and participate in his live course on buying small businesses.7. Gratitude and Impact:Acknowledging Richardson's contribution and impact on the business community.Key Takeaways:Exercise patience and diligence in business deals.Build and maintain strong relationships within the business community.Importance of regular communication and tracking business health.Explore various financing options and the significance of expert involvement.Embrace a mindset of abundance and the importance of time investment.Networking and community engagement as key to business success.Stay Connected:Follow James Richardson on Instagram for insights and updates.Join his live course for practical guidance on buying small businesses.Conclusion:Tune in to this enlightening episode of Passive Wealth Principles, where Jake Harris and James Richardson explore the journey from music to accounting, the nuances of business buying, and the profound impact of mindset and time management in achieving professional and personal success.

In this insightful episode of Passive Wealth Principles, I, Jake Harris, reflect on the valuable lessons learned from my previous dialogue with Mike Hoffman about the vending machine and micro market industry. This episode is a deep dive into the strategies, personal growth, and real estate insights gleaned from that conversation.Episode Highlights:Innovative Sales Strategies in Vending and Micro Markets:Reflecting on the conversation with Mike, I explore effective sales methods like gift cards for new tenants and gamification in vending and micro markets.Untapped Potential in Garden Style Apartment Complexes:I discuss the overlooked opportunities in garden style apartment complexes for vending and micro market ventures, considering their unique consumer base.Customer Experience and Reducing Friction:Sharing Mike's insights on the importance of easy access to products and how this strategy can significantly boost sales in vending.The Power of Executive and Virtual Assistants:I delve into how executive and virtual assistants can dramatically enhance time management and productivity for business owners.Networking and Learning from Peers:Reflecting on the importance of networking and collaborative learning, and how they can lead to new insights and opportunities in the industry.Balancing Family, Passive Income, and Personal Performance:I discuss the delicate balance between family life, generating passive income, and optimizing human performance for a fulfilling life.Choosing Challenges for Growth:I share thoughts on embracing difficult paths for personal growth and unlocking new opportunities in life and business.Family and Purpose as Core Values:Reflecting on Mike's emphasis on the significance of family and having a clear purpose as fundamental drivers for success and happiness.Key Takeaways:Creative sales strategies are key in the vending and micro market sectors.Garden style apartment complexes offer unique opportunities.Customer convenience is crucial for sales in vending.Executive and virtual assistants are invaluable for efficient business management.Networking and peer learning are essential for industry success.A balanced approach to family, income, and performance is vital.Embracing challenges can lead to growth and new opportunities.The importance of family and purpose in achieving success.Stay Connected:For more episodes and insights, visit Passive Wealth.Join the discussion in our Passive Wealth Tribe Facebook group: Facebook Group.Follow me, Jake Harris, on Instagram for updates: @jake.realestate.Conclusion:Tune into this episode of Passive Wealth Principles for a journey through my learnings from Mike Hoffman. From innovative vending strategies to the importance of life balance, this episode is a treasure trove of insights for anyone looking to enhance their business acumen and personal life.

In this episode of Passive Wealth Principles, join host Jake Harris as he engages in a captivating dialogue with Mike Hoffman, exploring innovative strategies in the vending machine and micro market industry. This insightful conversation traverses through various topics from optimizing sales tactics to the power of leveraging executive and virtual assistants, all within the context of real estate and personal growth.Episode Highlights:Innovative Sales Strategies in Vending and Micro Markets:Mike and Jake delve into effective methods for boosting sales, such as offering gift cards to new apartment tenants and gamifying customer experiences in the vending and micro market sector.Opportunities in Garden Style Apartment Complexes:The discussion highlights the untapped potential in garden style apartment complexes for vending and micro market businesses, considering the lack of walkable options for residents.Enhancing Customer Experience by Reducing Friction:Mike shares insights on the importance of providing convenient access to products, a strategy that can significantly amplify sales in the vending industry.The Value of Executive and Virtual Assistants:Learn how investing in executive and virtual assistants can be a game-changer in saving time and enhancing productivity for business owners.Networking and Collaborative Learning:Jake and Mike emphasize the benefits of networking and learning from peers in the industry, which can lead to uncovering new insights and opportunities.The Triad of Family, Passive Income, and Human Performance:The conversation pivots to a deeper exploration of balancing family life, generating passive income, and optimizing human performance for a fulfilling life.Embracing Challenges for Growth and Opportunities:They discuss the philosophy of intentionally choosing difficult paths for personal growth and unlocking new opportunities in life and business.The Role of Family and Purpose:Mike concludes by emphasizing the significance of family and having a clear purpose as fundamental drivers for success and happiness.Key Takeaways:Employ creative strategies to boost sales in the vending and micro market sectors.Explore unique opportunities in garden style apartment complexes.Focus on customer convenience to enhance sales and satisfaction.Leverage executive and virtual assistants to optimize time management and productivity.Network and learn from others to gain valuable industry insights.Balance family, passive income, and personal performance for a holistic approach to success.Choose challenging paths to foster personal growth and discover new opportunities.Recognize the importance of family and purpose in driving life's successes and joys.Stay Connected:For more insightful episodes and resources, visit https://passivewealth.com/.Join the Passive Wealth Tribe Facebook group for engaging discussions and networking opportunities - https://www.passivewealthtribe.com/group.Follow Jake Harris on Instagram @jake.realestate for additional updates and insights.Conclusion:Tune into this episode of Passive Wealth Principles, where Jake Harris and Mike Hoffman uncover the nuances of thriving in the vending and micro market industry, the significance of building effective support systems, and the art of balancing professional endeavors with personal growth and family life. Embrace these lessons to navigate your own path towards a successful and fulfilling journey.

In this episode of Passive Wealth Principles: What I Learned, host Jake Harris reflects on his enlightening interview with Jim Sheils. Delving into key insights and strategies for real estate investing, Jake shares the profound lessons learned about balancing family life with wealth creation and navigating the real estate market.Episode Highlights:Embracing Family Time Through Jim Sheils' Insights:Jake emphasizes the influence of Jim Sheils' book, "The Family Board Meeting," on his approach to dedicating quality time to family, underscoring the value of creating lasting memories.Long-Term Wealth with Build-to-Rent Properties:Discover how investing in build-to-rent properties can offer long-term wealth accumulation and greater control over property management.Demystifying Institutional Capital in Real Estate:Jake discusses the potential benefits of institutional capital in the real estate market, offering more opportunities for housing while addressing common apprehensions.A Blend of Cash Flow and Appreciation:Learn about the strategy of combining single-family rentals with duplexes and quadplexes to achieve both cash flow and property appreciation.Prioritizing Quality and Low Debt:The importance of focusing on quality real estate investments and maintaining low debt for steady appreciation and cash flow is highlighted.Leveraging Strengths and Partnerships:Jake explores the value of recognizing individual strengths and weaknesses and the power of seeking partnerships or specialized roles to enhance real estate business growth.Action Steps for Passive Wealth and Time Freedom:The episode concludes with Jake's insights on setting goals, creating actionable plans, and the importance of taking proactive steps to achieve passive wealth and time freedom.Community and Support:Joining a community of like-minded individuals in the real estate journey is encouraged for mutual learning and support.Key Takeaways:Spend quality time with family to create meaningful experiences.Build long-term wealth through build-to-rent real estate investments.Understand the role of institutional capital in providing housing opportunities.Combine different property types for diversified income streams.Focus on quality investments and maintain low debt for better returns.Identify personal strengths and collaborate for business efficiency.Plan and take action towards achieving financial freedom and passive wealth.Engage with a supportive real estate community for shared learning and growth.Stay Connected:For more episodes and resources, visit https://passivewealth.com/.Join the Passive Wealth Tribe Facebook group for enriching discussions - https://www.passivewealthtribe.com/group.Follow Jake Harris on Instagram @jake.realestate for the latest updates and insights.Conclusion:In this episode of Passive Wealth Principles: What I Learned, Jake Harris offers a comprehensive breakdown of the invaluable lessons gained from Jim Sheils, focusing on integrating family values with effective real estate investment strategies. These insights provide a roadmap for building sustainable wealth while cherishing life's most important relationships.

In this episode of Passive Wealth Principles, join host Jake Harris as he engages in a profound conversation with Jim Sheils, a notable real estate investor and author. Jim shares his insightful journey of building passive wealth while maintaining a strong focus on family life. He delves into the crucial balance between work and personal life, and his innovative concept of family board meetings.Episode Highlights:The Importance of Family in Business Success:Jim discusses how prioritizing family life and creating a balance with work is essential, and how this philosophy has been a key driver in his success.Build-to-Rent Real Estate Strategy:Learn about Jim's transition to the build-to-rent approach in real estate investing, which offers benefits like generating passive income and buying back time.Teaming Up and Utilizing Skills:Jim emphasizes the significance of recognizing one's skills and collaborating with others who have complementary abilities to create a more robust and successful business model.Family Rhythms and Honest Relationships:The conversation covers the establishment of solid family routines for stability and connection, and the importance of vulnerability and honesty in personal and professional relationships.Owning Less for More Quality:Jim shares his philosophy of owning fewer but higher quality items, a principle that extends to various aspects of life.The Role of Vulnerability in Business and Family:Discussion on how being vulnerable and real in all aspects of life, including business, can lead to significant growth and stronger relationships.The Impact of Sincere Apologies and Authenticity:Jim talks about the power of sincere apologies in resolving conflicts and the importance of being authentic in a world often filled with pretense.Investing in Coaching for Growth:Jim advocates for the value of investing in coaching and seeking help, highlighting how this can lead to both personal and professional development.Key Takeaways:Prioritize family life alongside business endeavors.Consider build-to-rent as a profitable real estate strategy.Leverage personal skills and collaborate for greater success.Establish family routines and practice vulnerability and honesty in relationships.Focus on quality over quantity in possessions and experiences.Be sincere and authentic to build stronger connections and resolve conflicts.Value coaching and external guidance for continued growth and development.Stay Connected:Visit https://passivewealth.com/ for more insightful episodes.Join the Passive Wealth Tribe Facebook group for engaging discussions - https://www.passivewealthtribe.com/groupFollow Jake Harris on Instagram @jake.realestate for updates and insights.Conclusion:Join Jake Harris in this enlightening episode of Passive Wealth Principles, as Jim Sheils shares his invaluable experiences and philosophies on balancing family life with business, the strategic approach to real estate investing, and the importance of authenticity and vulnerability in all walks of life. Be inspired by Jim's journey and apply these principles to enhance both your personal and professional endeavors.

In this episode of Passive Wealth Principles: What I Learned, join host Jake Harris as he reflects on his insightful conversation with Sam Wegert. Discover the key lessons Jake extracted from Sam's remarkable journey, which spans from establishing a thriving martial arts business to navigating the innovative realm of co-living real estate.Key Learnings from the Episode:The Impact of Belief in Entrepreneurship:Jake highlights how Sam Wegert's success story reinforces the power of belief and support in fueling entrepreneurial growth, a theme resonating throughout Sam's journey.Creativity as a Response to Constraints:Delving into Sam's adaptive strategies during the COVID-19 pandemic, Jake underscores the crucial role of creativity and innovation in overcoming business challenges.Culture Fit: A Pillar of Business Success:Jake discusses Sam's emphasis on the importance of culture fit within a business, a key factor contributing to the success of his martial arts studios and real estate ventures.Profitability in Co-Living Real Estate:Reflecting on Sam's foray into co-living, Jake explores how this strategy exemplifies an efficient and profitable approach to real estate investment.What You'll Gain from this Show:Understanding the significance of belief and support in the entrepreneurial journey.Insights into leveraging creativity and innovation during challenging times.Appreciating the importance of culture fit in business success.Exploring co-living as an effective real estate investment strategy.Stay Connected:For more enlightening episodes and resources, visit https://passivewealth.com/.Engage with fellow listeners and network in the Passive Wealth Tribe Facebook group - https://www.passivewealthtribe.com/group.Follow Jake Harris on Instagram @jake.realestate for continuous updates and behind-the-scenes insights.Conclusion:Tune into this reflective episode of Passive Wealth Principles: What I Learned, and absorb the invaluable lessons gleaned from Sam Wegert's diverse entrepreneurial ventures. From martial arts to real estate, this episode offers a rich tapestry of insights, emphasizing the importance of belief, adaptability, and strategic thinking in achieving business success.

In this episode of Passive Wealth Principles: What I Learned, join your host Jake Harris as he uncovers the fascinating journey of Sam Wegert, from his early days as the 'karate guy' to becoming a trailblazer in the co-living real estate sector. Dive into Sam's unique story, encompassing the scaling of his martial arts schools, a transition to digital platforms, and his impactful venture into co-living real estate driven by his upbringing and room rental experiences.Key Takeaways from the Episode:Building a Business on Culture and Profitability:Sam shares his insights on the importance of focusing on people, culture, and profitability in building a successful business, drawing from his experience in expanding his martial arts schools.Embracing Change Across Industries:Learn how Sam's openness to change and innovation allowed him to transition seamlessly from physical to digital spaces and into the real estate industry.Co-Living as an Affordable Housing Solution:Explore the growing trend of co-living, which Sam believes can address affordable housing issues while fostering community. Understand how his background and experiences uniquely positioned him to succeed in this space.The Art of Managing Co-Living Spaces:Sam discusses the challenges of co-living management, including resolving roommate conflicts and maintaining properties, and shares the systems he developed to tackle these effectively.Coaching and Empowering Others:Discover Sam's dedication to sharing his knowledge through coaching programs and a free five-day challenge, aimed at educating others about the co-living industry and helping them succeed.What You'll Learn in this Show:The importance of culture, people, and profitability in building a business.Adaptability and creativity in transitioning across different industries.The potential of co-living real estate to provide affordable housing and build communities.Effective strategies for managing co-living properties.Sam Wegert's commitment to coaching and positively impacting the co-living industry.Stay Connected:Visit https://passivewealth.com/ for more enlightening episodes and resources.Join the Passive Wealth Tribe Facebook group for engaging discussions and networking opportunities - https://www.passivewealthtribe.com/groupFollow Jake Harris on Instagram @jake.realestate for additional insights and updates.Conclusion:Immerse yourself in this inspiring episode of Passive Wealth Principles: What I Learned, and gain valuable lessons from Sam Wegert's transformational journey. From martial arts to real estate, Sam's story is a testament to the power of embracing change, fostering community, and providing affordable housing solutions through co-living. Be inspired by his passion and commitment to making a meaningful impact in the industry and in people's lives.

In this episode of Passive Wealth Principles: What I Learned, join your host Jake Harris as he delves into an engaging conversation with Dustin Baldwin. Explore Dustin's multifaceted journey from his military background to diverse entrepreneurial ventures, including a significant shift into the financial advisory and private prisoner transport industries, and his current focus on real estate investing and the e-commerce revival of Circuit City.Key Takeaways from the Episode:Military Experience as a Foundation for Success:Discover how Dustin's military experience fostered essential leadership skills and the ability to adapt in high-stress situations, a foundation that proved invaluable in his subsequent business endeavors.Transitioning Skills to Financial Advisory:Learn about Dustin's successful transition from military life to financial advisory, where he leveraged his discipline and strategic thinking to generate a six-figure income.Challenges and Opportunities in Private Prisoner Transport:Dive into the complexities of the private prisoner transport industry, where Dustin faced unique challenges but also found significant growth and investment opportunities.Capital Raising and Real Estate Investment:Witness Dustin's evolution into a savvy investor, focusing on raising capital and investing in real estate, showcasing his adaptability and strategic acumen.Reviving a Legacy with Circuit City:Understand the strategic move behind reviving Circuit City as an e-commerce platform, leveraging its historical brand value and intellectual property.What You'll Learn in this Show:How military experience can translate into leadership and adaptability in various business sectors.The journey from military service to becoming a successful financial advisor.The intricacies and investment opportunities within the private prisoner transport industry.Strategies for effective capital raising and real estate investing.The innovative approach to reviving a legacy brand in the digital age.Stay Connected:Visit https://passivewealth.com/ for more insightful episodes and resources.Join the Passive Wealth Tribe Facebook group for discussions and networking opportunities - https://www.passivewealthtribe.com/groupFollow Jake Harris on Instagram @jake.realestate for more updates and insights.Conclusion:Join us in this intriguing episode of Passive Wealth Principles: What I Learned, and gain valuable insights from Dustin Baldwin's journey across various industries. Learn how adaptability, strategic planning, and leveraging past experiences can pave the way for success in entrepreneurial endeavors. Be inspired to apply these principles in your own journey towards financial growth and innovation.

In this episode of Passive Wealth Principles: Adapting and Thriving, join host Jake Harris as he sits down with Dustin Baldwin, a former Marine Corps member who has successfully navigated a multifaceted career in the corporate world, real estate, and e-commerce. Explore Dustin's journey and extract valuable insights from his diverse experiences.Key Takeaways from the Episode:Career Transition and Adaptability:Dustin shares his unique journey from the Marine Corps to various corporate roles. Learn how adaptability and a willingness to learn have been crucial in his career transitions.Scaling E-Commerce in a Competitive Market:Dive deep into Dustin's current role at Circuit City, focusing on the challenges and strategies of scaling their e-commerce business amidst tough competitors like Amazon.Real Estate Investment Insights:Gain insights into Dustin's experience in real estate investment, understanding the nuances and opportunities in this sector.The Importance of Relationship Building:Discover how Dustin emphasizes the power of building strong relationships in every aspect of his career, from the military to the corporate world.Intellectual Property and Business Growth:Understand the value of intellectual property in business, especially in the e-commerce domain, as shared by Dustin.Decision Making and Risk Taking:The episode wraps up with a thought-provoking discussion on making bold decisions and the willingness to take calculated risks.Join this enlightening conversation with Jake and Dustin, equipping yourself with valuable lessons for those looking to diversify their career paths and succeed in various fields.Stay Connected:Visit https://passivewealth.com/ for more episodes and resources.Join the Passive Wealth Tribe Facebook group for engaging discussions and networking opportunities - https://www.passivewealthtribe.com/groupFollow Jake Harris on Instagram for more insights and updates: @jake.realestate

In this episode of Passive Wealth Principles: What I Learned, join your host Jake Harris as he dives deep into a revealing conversation with Rob DeBrock. Explore Rob's transformative journey in the realm of self-storage investing, turning a modest $370,000 facility into a whopping $11 million powerhouse in a mere span of 18 months. Together, they uncover the potent strategies and small but impactful steps that led to such a monumental return of over 300%.Key Takeaways from the Episode:Maximizing Value with Simple Steps:Rob highlights how seemingly basic value-add components, like promptly answering the phone and utilizing tenant management software, were instrumental in achieving exponential growth. Discover the power of these understated strategies and how they can drastically alter the course of your investment journey.Remote Management and Scalability:Jake underscores the potential of these strategies to be scalable and remotely managed. With the appropriate systems in place, self-storage investing doesn't need your constant physical presence. Learn how to set the stage for immense growth while enjoying the luxury of geographic freedom.Distressed Investing Opportunities:Beyond the primary discussion, Jake introduces listeners to his book "Catching Knives," a treasure trove for those intrigued by distressed investing. Dive deep into the realm of opportunities that distressed assets present, waiting for the discerning investor to harness their potential.What You'll Learn in this Show:How basic strategies can make or break your self-storage investing game.The promise and potential of investing in self-storage facilities.Techniques to manage and scale your business from any corner of the world.An introduction to the captivating world of distressed investing through Jake's book.Stay Connected:Visit https://passivewealth.com/ for upcoming content and courses.Join the Passive Wealth Tribe Facebook group for engaging discussions and networking opportunities - https://www.passivewealthtribe.com/groupStay updated with Jake Harris on Instagram @jake.realestate for behind-the-scenes insights and more.Conclusion:Dive into this insightful episode of Passive Wealth Principles: What I Learned, and emerge enlightened by Rob DeBrock's unprecedented success in the self-storage investing space. Harness the power of simple strategies, remote management, and distressed investing to set yourself on a trajectory of immense growth. Dream big, start small, and remember – every opportunity is a stepping stone towards your grand vision.

In this episode of Passive Wealth Principles: What I Learned, join your host Jake Harris as he engages in a deep discussion with seasoned real estate investor, Rob Brock. Dive into Rob's transition from the realm of software development into the lucrative niche of real estate investing, focusing particularly on self-storage facilities. Together, they unravel the intricacies of the industry and lay bare strategies that have contributed to Rob's success.Key Takeaways from the Episode:Transitioning Careers:Rob shares the motivating factors that drove him from software development to real estate. Gain insights into how passion and opportunity can lead to a transformative career journey.Unlocking the Potential of Self-Storage Facilities:Discover Rob's expertise in identifying deals with substantial value-add potential. Learn about the unique advantages of investing in self-storage, especially in the Midwest region.Innovative Management Techniques:Rob underscores the significance of integrating tenant management software. Grasp the role technology plays in streamlining operations and enhancing customer experience.The Human Element:The essence of real estate isn't just about property. Rob emphasizes the power of genuine human connections in the industry. Experience stories that highlight the importance of relationships in building a successful real estate portfolio.Outsourcing for Efficiency:Delve into Rob's philosophy of buying back time. Understand how outsourcing various tasks can significantly free up time, allowing investors to focus on scaling and strategic growth.Embark on this enlightening journey with Jake and Rob, equipping yourself with invaluable lessons for those looking to make a mark in real estate investing. Stay Connected:Visit https://passivewealth.com/ for upcoming content and courses.Join the Passive Wealth Tribe Facebook group for engaging discussions and networking opportunities. - https://www.passivewealthtribe.com/groupFollow Jake Harris on Instagram for additional insights and updates. @jake.realestate

In this episode of the Passive Wealth Principles podcast, host Jake Harris introduces the "Pebble Plan," a framework for overcoming lack of motivation and procrastination. He discusses the key components of the plan, including prevention focus, if-then planning, and rolling up one's sleeves. Jake shares personal experiences and strategies for tackling obstacles such as anxiety, apathy, boredom, and arrogance. He emphasizes the importance of taking action, learning from mistakes, and utilizing one's unique skills. Jake also mentions his newsletter, where subscribers can access productivity hacks and passive investing insights ahead of time.Stay Connected:Visit the Passive Wealth website at https://passivewealth.com/ for upcoming content and courses.Join the Passive Wealth Tribe Facebook group for engaging discussions and networking opportunities: https://www.passivewealthtribe.com/groupFollow Jake Harris on Instagram for additional insights and updates: @jake.realestate.

In this podcast episode, Jake discusses the importance of prioritizing the right things to increase productivity and achieve success in business. He shares a story about his friend John, who neglected the crucial task of making sales while setting up his new business. Jake advises John to prioritize cash flow and not reinvent the wheel, emphasizing the need to focus on immediate issues before worrying about future problems. He introduces the concept of a "future homer problem" and shares an example of how they prioritized closing a deal and improving cash flow instead of getting caught up in potential future issues. Ultimately, Jake emphasizes the importance of focusing on the right things to avoid sabotaging productivity.Stay Connected:Visit the Passive Wealth website at https://passivewealth.com/ for upcoming content and courses.Join the Passive Wealth Tribe Facebook group for engaging discussions and networking opportunities: https://www.passivewealthtribe.com/groupFollow Jake Harris on Instagram for additional insights and updates: @jake.realestate.

In this podcast episode, Jake Harris, host of the Passive Wealth Principles podcast and founder of a real estate investment firm, shares a success story of a $50,000 deposit turning into a $7 million cash cow in just 18 months. He emphasizes the importance of identifying profitable opportunities and having a clear vision. The investor, in this case, study identified a new highway interchange as an opportunity for commercial land investment. Through strategic communication and negotiation, they were able to secure a ground lease with two national operators, resulting in significant passive income. Jake invites listeners to subscribe to the podcast and explore more case studies in the coming weeks.Stay Connected:Visit the Passive Wealth website at https://passivewealth.com/ for upcoming content and courses.Join the Passive Wealth Tribe Facebook group for engaging discussions and networking opportunities: https://www.passivewealthtribe.com/groupFollow Jake Harris on Instagram for additional insights and updates: @jake.realestate.

This is a new type of series for the Passive Wealth Principle, called "The Trade-Off."In this series, I delve into some of the tips and insights that I share with my newsletter subscribers. If you haven't already, make sure to sign up for the newsletter on PassiveWealth.com to receive the written post a week early, as well as other exclusive content and offers.In this episode of "The Trade-Off", Jake discusses the difference between being rich and being wealthy. He introduces the four primary ways people earn money: as an employee, entrepreneur, business owner, or investor. Jake uses a game called "Rich vs. Wealthy" to illustrate the differences between these paths. He then discusses the different levels of wealth achieved by three individuals and explains the concept of net worth and business value. The episode concludes with strategies for transitioning between paths and achieving greater wealth.Stay Connected:Visit the Passive Wealth website at https://passivewealth.com/ for upcoming content and courses.Join the Passive Wealth Tribe Facebook group for engaging discussions and networking opportunities: https://www.passivewealthtribe.com/groupFollow Jake Harris on Instagram for additional insights and updates: @jake.realestate.

In this episode of Passive Wealth Principles (What I Learned,) Jake reflects on his insightful conversation with Jordy Clark. Discover Jordy's unique journey into the world of real estate and his transition from being a real estate agent to becoming a successful investor. Gain valuable insights into real estate investing, building a successful business, and achieving financial independenceKey Takeaways from the Episode:Understanding Business and Building Relationships:Jordy shares his experience of building a real estate team and the challenges of generating substantial income.Recognizing the importance of understanding the business aspect of real estate and creating valuable relationships.Leveraging his construction skills and previous experience to establish connections with home builders.The Power of Budgeting and Assigning Responsibility to Every Dollar:Jordy emphasizes the significance of living within one's means and assigning a purpose to every dollar.Learning how to track and measure the performance of invested dollars.Building a strong foundation for financial growth through strategic budgeting and investment planning.Transitioning from Active Income to Passive Income:Jordy's journey from transacting real estate to becoming an investor.Understanding the concept of lifestyle creep and the importance of managing expenses.Leveraging profits from house flipping to invest in rental properties and establish passive income streams.The Role of Vision and Unconventional Approaches:Exploring the profound concept of having a vision for the future.Embracing unconventional approaches and seeking unique solutions to challenges.Understanding the value of surrounding oneself with individuals who instill vision and hope.What You'll Learn in this Show:The importance of understanding the business aspect of real estate.Strategies for living within your means and assigning responsibility to every dollar.Transitioning from active income to passive income through strategic investments.The power of vision and unconventional approaches in achieving financial success.Stay Connected:Visit the Passive Wealth website at https://passivewealth.com/ for upcoming content and courses.Join the Passive Wealth Tribe Facebook group for engaging discussions and networking opportunities: https://www.passivewealthtribe.com/groupFollow Jake Harris on Instagram for additional insights and updates: @jake.realestate.Conclusion:Tune in to this enlightening episode of Passive Wealth Principles: What I Learned to gain valuable insights from Jordy Clark's journey towards building passive wealth. Discover the importance of understanding business, budgeting effectively, and transitioning from active income to passive income streams. Embrace the power of vision and unconventional approaches in your own pursuit of financial freedom and success.

Tired of the rat race and longing for financial stability? Eager to build a life and a business based on your values? In this episode of the Passive Wealth Principles podcast, Jake Harris sits down with real estate mogul and entrepreneur Jordy Clark. Jordy shares his real estate journey, his unique method of team creation, and why it's vital to invest and develop assets for lasting financial security. They also explore the mission and organization of the Utah Valley Real Estate Investors Association, and why having a mentor or being in a community can supercharge your personal growth. Key Takeaways from the Episode:Team Building and Real Estate:Learn about Jordy's unique approach to team formation in real estate and how it contributed to his success. Understand the importance of having a solid team in building and maintaining assets for lasting financial security.Investing and Building Assets:Discover how Jordy emphasizes the importance of investing in real estate and developing assets. Hear about his journey of becoming a real estate investor and how it has helped him achieve financial stability.Value of a Coach and Community:They discuss the value of being part of a community like the Utah Valley Real Estate Investors Association. Learn how having a mentor or being in a community can boost personal growth and success in the field of real estate.What You'll Learn in this Show:How a unique approach to team building can lead to success in real estate.The importance of investing and developing assets for long-term financial stability.The value of having a coach or being part of a community for personal growth.Stay Connected:Visit https://passivewealth.com/ for upcoming content and courses.Join the Passive Wealth Tribe Facebook group for engaging discussions and networking opportunities. - https://www.passivewealthtribe.com/groupFollow Jake Harris on Instagram for additional insights and updates. @jake.realestateConclusion:Tune into this engaging episode of Passive Wealth Principles for valuable insights and inspiration from Jordy Clark's journey in real estate investment. Remember, investing in real estate and building a robust team can be a path to long-term financial stability. Keep pushing forward and building towards your goals.

In this episode of Passive Wealth Principles: What I Learned, join your host Jake Harris as he delves into an enlightening conversation with Brian Luebben. Discover Brian's journey of breaking free from the corporate world and pursuing a lifestyle of financial and location independence. Together, they explore valuable insights and actionable strategies for building passive wealth.Key Takeaways from the Episode:Aligning Goals with Lifestyle:Brian's realization that climbing the corporate ladder wasn't aligned with his desired lifestyle. He explores real estate investing and generating passive income through house hacking. Learn how he built a geographically independent and scalable business that allows for travel and freedom.Active Income vs. Passive Income:Embracing the idea of active income as a foundation for passive wealth. Understand the significance of actively building a business while keeping lifestyle goals in mind. Discover the balance between active income and geographic independence with remote work opportunities.The Journey of Growth:Recognizing that growth comes with challenges and personal development. Brian shares his experiences with panic attacks and existential crises during his journey. Embrace the concept that the best games in life are not winnable and require continuous effort.Strategies for Success:Start with active income and gradually work towards passive income. Build a strong foundation and implement systems for consistent and predictable results. Brian recommends resources for personal growth, including "The Buddha and the Badass" and "Essentialism."What You'll Learn in this Show:How to align your goals with your desired lifestyle.The importance of active income in building passive wealth.Strategies for overcoming challenges and embracing growth.Tips for building a geographically independent and scalable business.Stay Connected:Visit https://passivewealth.com/ for upcoming content and courses.Join the Passive Wealth Tribe Facebook group for engaging discussions and networking opportunities. - https://www.passivewealthtribe.com/groupFollow Jake Harris on Instagram for additional insights and updates. @jake.realestateConclusion:Tune in to this thought-provoking episode of Passive Wealth Principles: What I Learned to gain valuable insights and inspiration from Brian Luebben's journey towards building passive wealth. Remember, active building can pave the way for financial independence and the lifestyle you desire. Keep striving and building towards your goals.

Fed up with seeking others' approval and feeling trapped by society's rules? Want to shape a life and business that truly reflect what you care about? In this Passive Wealth Principles podcast episode, Jake Harris chats with Brian Luebben, an entrepreneur and the voice behind the Action Academy podcast. Brian shares how he journeyed toward financial independence and the freedom of working anywhere. His key advice? Be clear about your dreams and then make them happen. It's not just about picking the right way to make money, but knowing where you want it to take you. Brian suggests finding what you love and turning it into a business, while also enjoying the journey and gaining new skills. So if you're ready to set a clear direction for your life and take bold steps to reach your goals, don't miss this uplifting episode!

In this new "What I Learned..." episode of the Passive Wealth Principles Podcast, Jake Harris breaks down his interview with Chris Seveney, the CEO & Founder of 7e Investments. With over 25 years of experience in the real estate industry, Chris is a wealth of knowledge in the field of note buying and distressed debt. As always, Jake dives deep into their conversation to uncover the key takeaways and insights shared by Chris in his interview. He highlights Chris's expertise in acquiring distressed debt at discounted prices and restructuring them into performing assets. Despite challenges in the industry, note buying can still be lucrative when approached strategically.He also talks about the three P's of underwriting: property, person, and predicament. Evaluating the property's condition, understanding the borrower's circumstances, and assessing the underlying predicament are crucial for successful note investments.You will find out that note buying offers passive investment advantages, as investors are not responsible for property management or tenant issues. Jake explains how vacant properties can increase their value and shares tips on due diligence to avoid scams and identify reliable borrowers.Throughout the episode, Jake also talks about loan types, workout systems, and the role of asset managers in note buying. Join Jake in this enlightening episode of the Passive Wealth Principles Podcast to uncover valuable insights into note buying and passive wealth-building strategies from Chris Seveney's interview.Listen now to find out more!What You'll Learn in this Show:Distressed debt and note buying can offer opportunities during times of bank failures and high-interest ratesBuying notes allows investors to avoid the responsibilities of property management and tenant-related issuesDue diligence is essential to identify scammers and ensure a successful note investmentLearning about different types of loans and how they work is important for successful note investingAnd so much more…

On today's episode of the Passive Wealth Principles Podcast, Jake Harris interviews Chris Seveney, the CEO & Founder of 7e Investments. Chris is a real estate professional with over 25 years of experience. He has a successful track record in building multimillion-dollar portfolios through property construction and rehabilitation. Since 2016, Chris has focused on investing in mortgage notes, acquiring over 500 notes valued at over $25 million across forty states. He holds a bachelor's degree in Civil Engineering from Worcester Polytechnic Institute and a Masters in Real Estate Finance from Georgetown University. Chris is known for his honesty, integrity, and professionalism in the industry. He hosts the podcast Creating Wealth Simplified and is a top-ranked contributor on the site Bigger Pockets.During the episode, Jake and Chris delve into the intriguing world of note buying. They discuss the advantages of note investing, particularly its passive nature and the potential for generating steady income. Chris shares stories of both successful ventures and challenges he has faced in the note-buying space. They explore instances of scams related to the foreclosure process and note buying, including a case involving a former professional athlete. The conversation concludes with a focus on the nitty-gritty details of Chris's approach to working with distressed notes, turning them into performing assets and adding value for investors.Enjoy!What You'll Learn in this Show:How note-buying aligns with a more passive investing lifestyle compared to other real estate venturesThe challenges of owning propertiesThe potential for both active and passive involvement in note buyingBuilding a strong team is crucial in the note-buying businessInvesting in systems and software is important for scalability and efficiency.A crazy note-buying story involving scammers and attorneys.And so much more...Resources:7einvestments.com Biggerpockets.com/users/7einvestments Podcast: Creating Wealth SimplifiedYoutube ChannelChris' LinkedInTwitter: @ChrisSeveneyEmail: chris@7einvestments.com BooksThe 6 Types of Working Genius: A Better Way to Understand Your Gifts, Your Frustrations, and Your Team

On today's episode of the Passive Wealth Principles podcast, Jake flies solo to answer some of the many questions listeners have had concerning recent financial news. You're no doubt aware of the crisis currently facing the US banking system, from the failure of Silicon Valley Bank and Signature Bank, and the collapse of Bitcoin. Jake is also going to discuss some questions he's received on the concept of passive real estate investing. This is an episode you do not want to miss.Join Jake for this fascinating discussion.Enjoy!What You Will Learn in this Show:The pros and cons of syndications and funds.Crowdfunding as an alternative for passive investing.The concept of an accredited investor and the criteria for becoming one.The options available to non-accredited investors.And so much more...Resources:Jake Harris website

In this new "What I Learned..." episode of the Passive Wealth Principles Podcast, Jake Harris breaks down his interview with Charles Kao, a successful real estate investor and entrepreneur. As always, Jake shares some of the insights he gained from his fascinating conversation with Charlie.You will find out more about Charlie's incredible professional journey (starting from working on his father's real estate projects during his childhood to acquiring sophisticated investment experience in the Fortune 500 world, and ultimately establishing his successful investment portfolio) as well as about some challenges he had in his personal life.You will learn that patience and persistence are essential to building a successful real estate investment portfolio. You will also find out that building a strong team and leveraging industry professionals is crucial to success.Another valuable lesson from the interview is the importance of building a team of trusted advisors, including attorneys, accountants, and property managers. Kao explained that having a strong support network can help investors navigate the complexities of real estate investing and make better-informed decisions.He also discussed his approach to property management, which involves creating a positive tenant experience through regular communication, responsive maintenance, and fair pricing. He emphasized that treating tenants well can help reduce turnover and improve the profitability of a real estate investment.Listen now to find out more!What You'll Learn in this Show:The importance of thorough market research before investing in real estateHow to build a team of trusted advisors to navigate the complexities of real estate investingThe value of prioritizing tenant satisfaction for long-term profitabilityThe evolving landscape of real estate investing, including the role of technology and new investment vehiclesThe importance of staying informed and adapting to changing market conditions to maximize returns.And so much more...Resources:Charlie Kao | The Importance of Values and Priorities in Real Estate Investing

On today's episode of the Passive Wealth Principles Podcast, Jake Harris interviews Charles Kao, a real estate investor with an eight-figure portfolio of investments in self-storage, multifamily and other properties. Charlie shares his journey from working on his dad's real estate projects as a child, to gaining sophisticated investment experience in the Fortune 500 world, and finally building his own successful investment portfolio.During the interview, Jake and Charlie discuss how his business model and employee structure have changed over time, with a focus on key investment principles that have helped him achieve success in real estate. Jake and Charlie also dive into some of the personal challenges that Charlie has faced, including a cancer diagnosis, and how these experiences have influenced his approach to investing and life more broadly. Charlie shares his strategies for coping with difficult situations while still maintaining focus and productivity, the importance of a strong support system, and the ways in which personal experiences and values can shape one's approach to real estate investing and business in general.You will gain valuable insights into Charlie's investing style, including how he built his real estate portfolio while still working a high-income W-2 job. Tune in to this episode and learn from Charlie's experience and expertise in the world of passive wealth principles!Enjoy!What You'll Learn in this Show:The role of Charlie's corporate experience in preparing him for success as a real estate investor.The types of properties that Charlie focused on early in his investing career, and how his strategy has evolved over time.The importance of work-life balance for Charlie and how he has achieved it through his real estate investmentsThe ways in which personal experiences and values can influence one's approach to real estate investing and business in generalAnd so much more...Resources:Twinoakscap.com Twin Oaks Capital YouTube ChannelBooksMaximum Achievement

In this new “What I Learned...” episode of the Passive Wealth Principles Podcast, Jake Harris breaks down his interview with Kurt Buchert, a real estate investor who became a Certified Financial Planner (CFP) after graduating from Louisiana State University with a Bachelor's degree in Finance, Real Estate and Commercial Banking.As always, Jake shares some of the insights he gained from his fascinating conversation with Kurt.You'll find out a little bit about Kurk's journey into the real estate investing world and how he started his career as a house hacker before "house hacking" was actualy a thing.Jake will also talk about the crucial importance of building systems for your business and some of the huge life hacks that allowed Kurt to save a lot of valuable timeYou will also learn more about the concept of “who not how” and why we should not ask ourselves the question of how do we do it, but who could do that for us and create effective systems that ltimately allow us to work on the business, not in the business.Jake will also talk about some of the systems that Kurt uses now for managing his rental portfolio and so much more.Listen now and enjoy!What You'll Learn in this Show:A little bit about Kurt's story and professional backgroundWhat “house hacking” means and how Kurt became a house hacker at the beginning of his real estate careerThe crucial importance of building systems for your businessSome huge life hacks that allowed Kurt to save a lot of valuable timeAbout the concept of “who not how”And so much more...

On today's episode of the Passive Wealth Principles Podcast, Jake chats with Kurt Buchert, a real estate investor. Kurt became a Certified Financial Planner (CFP) after graduating from Louisiana State University with a Bachelor's degree in Finance, Real Estate and Commercial Banking. Fun fact: Kurt was the youngest CFP in Louisiana at the time. After achieving financial freedom at age 30 and taking a year off, Kurt realized he needed a purpose, and that was investing in real estate.He talks about his journey into real estate investing. He also talks about how his spray foam business failed in the first 60 days, how he turned it around, and the important lessons he learned after selling it for pennies. You'll learn about his $5,000 gold bet. He'll also share practical strategies to make Airbnbs more profitable and his successful system as a virtual landlord.Kurt is also a voracious reader. He'll explains how reading has had the biggest impact on his success, and recommends 'The Psychology of Money' by Morgan Housel, among many other books. He'll go into the process of hiring an au pair and explains why it was the greatest decision.Join Jake and Kurt for this fascinating discussion on the path to achieve financial freedom by 30, house hacking, and stock market investing.Enjoy!What You'll Learn in this Show:About his professional background. The importance of building a saleable business. The day-to-day life of a real estate investor.Why you should avoid individual stocks.How reading has had the biggest impact on his success. And so much more...Resources:Kurt Buchert

In this new "What I Learned..." episode of the Passive Wealth Principles Podcast, Jake Harris breaks down his interview with Cody Littlewood, an entrepreneur and investor. Cody is a software programmer and designer. He has worked with leading commercial real estate companies, including JLL and PropertyRadar.As always, Jake shares some of the insights he gained from his fascinating conversation with Cody.You'll learn more about Cody's entrepreneurial journey, which started at a young age, his career background, and how he got started in real estate investing. Cody has a private equity real estate firm that focuses on multifamily properties in the Southeast.Jake talks about Cody's tax principle of passive wealth and the approach Cody recommends for businesses, similar to coding. He also discusses digital nomads, specifically Cody's fascinating experience living in Argentina while earning US dollars. Listen now and enjoy!What You'll Learn in this Show:Why Jake loves travel and food.How to write your taxes in a big lump sum.The reality of hacking.The importance of a systematic approach to problem-solving.What you can do to learn more about passive wealth.And so much more...Resources:Cody Littlewood LinkedIn

In this new “What I Learned...” episode of the Passive Wealth Principles Podcast, Jake Harris breaks down his interview with Tommy Christy, founder of iLoveHouses.com, an asset acquisition platform. He has 20 years of experience in the buying, fixing, and selling of foreclosure properties. Having lived and worked through one of the most tumultuous housing markets, Tommy has a ton of experience that has enabled him to thrive in remote investing and buy box strategy. He is at his peak of buying three houses every month each year and operating across five different states, including California, Nevada, Florida, Montana, and Missouri.As always, Jake shares some of the insights he gained from his fascinating conversation with Tommy.You'll discover the concept of a 'buy box,' and the reasons why Tommy relies on his buy box to make his deals.Jake discusses Tommy's belief that the ability to operate in the distressed world and find returns is based on being nimble.You will also learn some of the truly unique and unusual experiences Tommy has had during his career purchasing distressed homes.Listen now and enjoy!What You'll Learn in this Show:How having a buy box allows you to say no to more deals quickly.Why you need to be in and out of an asset every 90 days.Why it's important to understand the cost of capital.And so much more...

On today's episode of the Passive Wealth Principles podcast, Jake chats with Tommy Christy, founder of iLoveHouses.com, an asset acquisition platform. He has 20 years of experience in the buying, fixing, and selling of foreclosure properties. Having lived and worked through one of the most tumultuous housing markets, Tommy has a ton of experience that has enabled him to thrive in remote investing and buy box strategy. He is at his peak of buying three houses every month each year and operating across five different states, including California, Nevada, Florida, Montana, and Missouri.During the episode, Tommy explains his background and how he originally got into purchasing distressed homes.He offers some thoughts on the "buy box: concept: A tool used by real estate investors to determine the types of properties they want to purchase. The buy box is normally broken down into columns and details the criteria a property must meet to be considered for purchase.Tommy also explains why he believes that the ability to operate in the distressed world and find returns is based on being nimble: How many know what they're doing and how many are accurately closing as fast as they claim.Join Jake and Tommy for this fascinating discussion.Enjoy!What You Will Learn in this Show:How Tommy first got into distressed investing.Why today's market is not the same as yesterday.Why the people that are going to do well in this market are those that work like a husband-wife team.Some of the unusual things Tommy has found in houses he's bought.And so much more...Resources:I Love HousesTommy's LinkedIn

In this new “What I Learned...” episode of the Passive Wealth Principles Podcast, Jake Harris breaks down his interview with Dr. Nate Smith, founder of Clearwater Capital Group. Nate is a real estate investor and an industry leader in creative financing and asset management. He reached financial independence at age 30 and currently owns over 200 doors, totaling approximately $24 million in assets. He has founded multiple real estate businesses including “Clearwater Capital Group,” a real estate investment company that delivers dependable cash flow and appreciation. One of Nathan's passions is teaching others about the power of investing in real estate.As always, Jake shares some of the insights he gained from his fascinating conversation with Nate.You'll discover how Nate started in a small town in Wisconsin and began his real estate investing journey back in high school, with a property he purchased with his father.Jake discusses a summer job Nate took in his early 20's working on a fishing boat in Alaska, where he was surrounded by wealthy people on expensive fishing trips. There he would ask many questions and gain insights that helped in his later education and career.Listen now and enjoy!What You'll Learn in this Show:Nate's journey into real estate investing.Nate's experience working on a fishing boat in Alaska with wealthy clients.Advice for people who want to stay in their high income earning job a little longer until they reach financial freedom.And so much more...

On today's episode of the Passive Wealth Principles podcast, Jake chats with Dr. Nate Smith, founder of Clearwater Capital Group. Nate is a real estate investor and an industry leader in creative financing and asset management. He reached financial independence at age 30 and currently owns over 200 doors, totaling approximately $24 million in assets. He has founded multiple real estate businesses including “Clearwater Capital Group,” a real estate investment company that delivers dependable cash flow and appreciation. One of Nathan's passions is teaching others about the power of investing in real estate.During the episode, Nate explains his background as a pharmacist as well as how (and why) his journey into real estate investing actually began in high school.He offers some thoughts on his process for real estate investing, from direct-to-seller transactions and more recently, working with brokers, calling them in his markets.Nate also explains what seller financing is and offers some insights into how it works, as well as what 'creative financing' looks like to him.Join Jake and Nate for this fascinating discussion.Enjoy!What You Will Learn in this Show:A little about Nate's background and how he became a real estate investor.The importance of staving off 'lifestyle creep.'How he used his existing medical license to help him get financing.How he got into fracking and oil and gas.And so much more...Resources:Nate's InstagramNate's YouTube

In this new “What I Learned...” episode of the Passive Wealth Principles Podcast, Jake Harris breaks down his interview with Dirk van Reenen, co-founder of MERUS Adventure, a premier private adventure park located in the second-largest canyon in North America: Palo Duro Canyon, Texas.As always, Jake shares some of the insights he gained from his fascinating conversation with Dirk.You'll discover Dirk's journey, immigrating from South Africa to a small town in Texas and the challenges he and his family faced when they moved there.Jake discusses the sequence of actions and events that took place to unlock the next levels of success for Dirk, such as getting their little auctioneer business to sell some foreclosures on some land, then developing it into his real estate investments.You will learn some of the systems and processes Dirk has created and refined to get him to the level of success he has now.Listen now and enjoy!What You'll Learn in this Show:Dirk's journey from South Africa to a small town in Texas.What it's like to succeed on the other side of the world.Dirk's passion to help service-based businesses.And so much more...

On today's episode of the Passive Wealth Principles podcast, Jake chats with Dirk van Reenen, co-founder of MERUS Adventure, a premier private adventure park located in the second-largest canyon in North America: Palo Duro Canyon, Texas. Dirk was born and raised in South Africa where he spent the majority of his childhood outdoors. At age 14, he immigrated to Texas with his family. He worked on farms and ranches throughout high school and college and then began his entrepreneurial journey, buying his first business at age 21. Dirk has always loved the outdoors and spending time offroading, camping, hiking, fishing, and mountain biking. It was a long time dream of his to open a park like MERUS and in 2020 he felt God called him to make the dream become a reality.During the episode, Dirk explains the circumstances that led from being born a 15th generation South African, to his immigration at 14 to Texas in the United States.He offers some thoughts on his upbringing and powerful work ethic, which involved working after school, on weekends and during holidays, a work ethic that has served him well in the years since.Dirk explains why 2012 was a transformational moment for Dirk - his business had failed, and his wife was pregnant with their first child. He knew he had to make massive changes in order to make things work and provide for his family.He also reveals the moment in 2016 when he decided to create BERGflow, a company built to empower entrepreneurs and business owners that are changing the world.Join Jake and Dirk for this fascinating discussion.Enjoy!What You Will Learn in this Show:A little of Dirk's backstory and journey, starting in South Africa and eventually ending up in Texas.How he went from being a team leader to becoming the CEO of a brokerage.Dirk's transformation from survival mode to developing a humble love for others.Why Dirk believes that there is a framework to success.And so much more...Resources:MERUS AdventureMERUS Adventure Instagram

In this new “What I Learned...” episode of the Passive Wealth Principles Podcast, Jake Harris breaks down his interview with Ryan Kennedy, a functional medicine practitioner, traditional naturopath, board-certified clinical nutritionist, and now author of 'Beyond Nutrition: The Ultimate Guide to a Healthy and High Quality Life.'As always, Jake shares some of the insights he gained from his fascinating conversation with Ryan.You'll discover Ryan's journey into the health awareness space, triggered largely by his mother's cancer diagnosis and the way in which he felt traditional medicine had failed to help her.Jake discusses the differences between dealing with the symptoms (modern medicine) and looking for the underlying cause of illness (naturopathic medicine) - taking a pill for a headache vs. discovering what caused the headache in the first place.You will learn what Ryan recommends as the most optimal daily routine for maximum vitality, health, and quality of life.Listen now and enjoy!What You'll Learn in this Show:The differences between naturopathic medicine and traditional medicine.Solving the root cause of illness vs. dealing with the symptoms.Ryan's mother's cancer diagnosis and how it changed his entire outlook on life.The importance of reaching out to an expert when dealing with issues of health and well being.And so much more...

On today's episode of the Passive Wealth Principles podcast, Jake chats with Ryan Kennedy, a functional medicine practitioner, traditional naturopath, and board-certified clinical nutritionist. He helps people improve their health through lifestyle and dietary changes. He is passionate about educating his patients to make the proper modifications to their lifestyle to avoid and reverse obesity/weight gain, depression, fatigue, digestive issues, hormone imbalances, and chronic diseases. Ryan doesn't address symptoms but rather uses natural approaches to support and enhance your body's ability to heal.During the episode, Ryan explains what naturopathic medicine is, and how a naturopathic practitioner differs from a traditional medical doctor.He demonstrates why we should wake up each morning and shift our frame of reference from reactive to a sense of gratitude - a feeling that you get to live in love for another day.Ryan explains some of the things most of us are doing wrong that lead us to having less-than-optimal clarity, energy, sleep quality, and overall vitality in our everyday lives.He also reveals why holotropic transformational breathwork often creates an out-of-body experience that feels like a psychedelic journey.Join Jake and Ryan for this fascinating discussion.Enjoy!What You Will Learn in this Show:Naturopathic medicine vs. traditional medicineThe difference between solving the root cause and dealing with the symptoms.His mother's cancer diagnosis and how it changed his outlook and his life.The facts about intermittent fasting.And so much more...Resources:Ryan Kennedy HealthRyan's InstagramBeyond Nutrition book

In this new “What I Learned...” episode of the Passive Wealth Principles Podcast, Jake Harris breaks down his interview with Amanda Han, CPA, Tax Strategist and Managing Director of Keystone CPA Inc. She is also the author of, "The Book on Tax Strategies for the Savvy Real Estate Investor," and "The Book on Advanced Tax Strategies: Cracking the Code for Savvy Real Estate Investors," as well as a contributor to Money Magazine, Google Talks, and CNBC.As always, Jake shares some of the insights he gained from his conversation with Amanda.You'll discover the journey that Amanda and her husband embarked on to create their own firm, from entering the real estate business to discovering that their strengths lay not in negotiation, but in taxes.Jake discusses some of the tips and strategies Amanda shared, such as how you can write off interest, and how you can use short term rentals to offset short term losses.You will learn how Amanda and her husband have been able to take the very complex IRS tax code, and break it down into more simplified terms for the benefit of her clients.Jake will also talk about situations when you can't 'unring the bell,' such as when you transition and sell a property, pay the taxes, but realize that you didn't do a 1031 exchange. You can't go back and correct that error. There are unfortunately certain things that you can't do outside of the calendar year.Listen now and enjoy!What You'll Learn in this Show:Why Amanda and her husband decided to start their own real estate investing business.How you can start carving out tax savings without having to change your lifestyle.Why it's so important to have a tax strategist and tax planner involved, particularly as you begin to make more money.The opportunities that appear when you have a tax strategist and a planner working on your behalf.And so much more...

On today's episode of the Passive Wealth Principles podcast, Jake chats with Amanda Han, CPA, Tax Strategist, author and Managing Director of Keystone CPA Inc. As a CPA and real estate investor, Amanda has helped countless investors across the nation to supercharge their wealth building through proactive tax saving with her top selling Amazon books such as "The Book on Tax Strategies for the Savvy Real Estate Investor," and "The Book on Advanced Tax Strategies: Cracking the Code for Savvy Real Estate Investors," as well as her teachings in prominent publications such as Money Magazine, Google Talks, and CNBC. She brings over two decades of tax planning and compliance experience from working in Big 4 Public Accounting as well as public and private companies.During the episode, Amanda reveals how she and her husband realized that their passion for real estate lay not in the negotiation/hunting for deals side of things, but on the tax side.She outlines some of the tax strategies and tips that people can use right now to save money on their taxes.Amanda explains how a 'loophole' in the tax law means that you may be able to use short-term rentals (properties where the average guest's stay during the year is seven days or less) to offset short term losses.She also reveals what happens when someone begins working with a CPA for the first time (reviewing past tax returns, possible exposures or mistakes made in the past, etc.)Join Jake and Amanda for this fascinating discussion.Enjoy!What You Will Learn in this Show:Amanda's journey to start her own accounting firm.How to use short-term rentals to offset short term losses.Some of the best ways to grow from a tax perspective.How to get your effective tax rate down.And so much more...Resources:Keystone CPA Inc.Amanda's LinkedIn

In this new “What I Learned...” episode of the Passive Wealth Principles Podcast, Jake Harris breaks down his interview with Cole Ruud-Johnson,As always, Jake shares some of the insights he gained from his conversation with Cole.You'll discover some of the challenges and mistakes Cole has encountered in his career, many of which have defined his path to becoming an entrepreneur.Jake discusses the reasons why many entrepreneurs don't know how to generate leads in their business and do it in a scalable way.You will learn why Cole believes that, at some point in an entrepreneur's journey, the hustler has to die in order to become the CEO.Jake will also talk about the importance of identifying and eliminating the friction points in your business to allow for growth.Listen now and enjoy!What You'll Learn in this Show:Sequential marketing: What is it and how it works.Cole's belief that many in the real estate industry have a 'throw things at the wall and see what sticks' approach to marketing.How to identify and remove the friction points in your business by using KPIs.A look at Cole's tech stack, as well as some of the KPIs that he focuses on, as both a marketing company and a sales organization.And so much more...Resources:HelloPadCole Ruud-JohnsonCole's LinkedIn

On today's episode of the Passive Wealth Principles podcast, Jake chats with Cole Ruud-Johnson, the “Wholesaling Real Estate Guy” and founder of HelloPad, a real estate investment company. HelloPad sells people's homes quickly by offering a fair offer for their property. HelloPad removes the hassle of selling and provides clients with a high sale offer and a fast and easy process to close.During the episode, Cole explains the concept and benefits of sequential marketing, and why many in the real estate industry have a 'throw things at the wall and see what sticks' approach to marketing.He discusses some of the challenges and mistakes he's encountered in his career, many of which have defined his path to becoming an entrepreneur.Cole explains the importance of shifting from being a hustler to being a business owner, why so many fail to do so, and why their businesses never scale as a result.He also reveals HelloPad's tech stack, as well as some of the KPIs that he focuses on, as both a marketing company and a sales organization for both acquisitions and dispositions.Join Jake and Cole for this fascinating discussion.Enjoy!What You Will Learn in this Show:The concept of sequential marketing.The reason why so many people in real estate are unable to scale - the friction points.Methods for removing friction points in your organization.The opportunities Cole sees in real estate in 2023 and beyondAnd so much more...Resources:HelloPadCole Ruud-JohnsonCole's LinkedIn

In this new “What I Learned...” episode of the Passive Wealth Principles Podcast, Jake Harris breaks down his interview with Claudio Gambin, president and financial advisor for the Gambin Financial Group.As always, Jake shares some of the insights he gained from his conversation with Claudio.You'll discover a little of Claudio's background as the son of immigrant parents coming to America from Brazil for a better life.Jake discusses the challenge Claudio faced in 2016 when his wife was diagnosed with terminal cancer - a diagnosis she was able to overcome.You will learn the reasons why so many entrepreneurs, when they find success, often sell their businesses and then lose the drive that made them successful in the first place.Jake will also talk about the tips Claudio offers for weathering the economic recession we're currently entering.Listen now and enjoy!What You'll Learn in this Show:The challenge (and rewards) Claudio's parents encountered when they immigrated to America and discovered their own path.The importance of honing your salesmanship skills, particularly when starting out.Why many entrepreneurs reach a certain level of success and shift from a proactive to a defensive mindset.The difference between running away from poverty, etc. and running toward a greater vision.And so much more...Resources:Gambin Financial GroupClaudio's LinkedIn

On today's episode of the Passive Wealth Principles podcast, Jake chats with Claudio Gambin, president and financial advisor for the Gambin Financial Group. Following his graduation from the University of Central Florida, he started as an intern in the financial services business and quickly fell in love with the work. He became a full-time Financial Advisor in 2010 and founded Gambin Financial Group. Claudio's passion lies in working with business owners and he specializes in helping those clients in the areas of risk management, cumulative tax planning, estate distribution strategies and business transfer planning. Outside of work, Claudio's number one priority is spending time with his wife Melissa and two daughters, Coco and Senna.During the episode, Claudio describes his early life as the son of immigrant parents moving to America from Brazil when he was just six years old, and the challenges and opportunities it offered.He discusses one of the greatest challenges he and his family faced, when in 2016, his wife was pregnant with their daughter. and was then diagnosed with terminal cancer - a diagnosis she was able to overcome.Claudio explains the difficulties of working with the client on a very specific strategic advice and then charging for that advice without them having to buy a product or invest money, and why that inspired him to shift to an advice model.He also reveals three things that separate thrivers from survivors, using the example of the 2008 economic crash as a guide.Join Jake and Claudio for this fascinating discussion.Enjoy!What You Will Learn in this Show:Claudio's background growing up in central Florida and the path that led him through many incredible challenges to the world of entrepreneurshipThe disparity that exists between the priorities of a business owner and the priorities of a financial advisor.How the arrival of his first child expanded his perspective from trying to solve his own poverty problem, to trying to solve it for his family and his grandkids.Why building your balance sheet is about more than just skipping the coffee at Starbucks - it's about partnering with the right people.And so much more...Resources:Gambin Financial GroupClaudio's LinkedIn

In this new “What I Learned...” episode of the Passive Wealth Principles Podcast, Jake Harris breaks down his interview with Jeremiah Boucher, a value investor who specializes in the acquisition and development of alternative commercial real estate assets. He is the founder of Patriot Holdings, a private equity and real estate management and development company, and currently owns and operates a $200M-plus portfolio of high-performing commercial properties.In his short summary of Jeremiah's interview, Jake shares a few key insights he gained from the conversation.You will find out how Jeremiah got started in the real estate space, how he discovered the mobile home parks and how he got into investing in this space, and what made him shift to self-storage later on.Jake will talk about some of the mistakes Jeremiah made along the way and the lesson he took from them.Jake will also share some important details about Jeremiah's book, “Finding Your Edge: How to Win at the Game of Commercial Real Estate Investing”, will talk about some important principles to success in business and life, will discuss the importance of having a clear vision for your business and life and so much more.Listen now and enjoy another What I Learned episode!What You'll Learn in this Show: How Jeremiah discovered the mobile home parks and how he got into investing in this spaceWhy and how Jeremiah shifted to self-storageSome of the mistakes Jeremiah made along the way and the lesson he took from themSome important principles to success in business and lifeThe importance of having a clear vision for your business and lifeAnd so much more...Resources:Catchknives.com Books:Finding Your Edge: How to Win at the Game of Commercial Real Estate Investing (The Investor's Edge)

Jeremiah Boucher is a value investor who specializes in the acquisition and development of alternative commercial real estate assetsGrowing up in Las Vegas and working summers for his father's paving company in New Hampshire, Jeremiah Boucher learned the real estate business from the ground up.Since quitting college at the age of 20, he has spent his entire career in the real estate industry, first as a real estate agent and single-family residential investor and later moving into manufactured housing parks and helping build one of the largest manufactured housing funds in the country. Later on, he separated his assets from the fund and created Patriot Holdings, his own private equity and real estate management and development company, Today, Jeremiah owns and operates a $200M portfolio of high-performing commercial properties, ranging from manufactured home communities to self-storage facilities to industrial parks.In today's episode of the Passive Wealth Principles podcast, Jeremiah joins Jake Harris for an insightful conversation about his journey to success in real estate, some technical details on self-storage and much more,You will learn more about Jeremiah's background and how he got started in the real estate space.He will talk about the backstory of his book, “Finding Your Edge: How to Win at the Game of Commercial Real Estate Investing” and will reveal the 6 principles that led him to success.You will find out how Jeremiah discovered the mobile home parks and how he got into investing in this space and he will also share why and how he shifted to self-storage.Jeremiah will also talk about the importance of having a vision for your business, what makes him want to continue to move the needle even though he achieved financial freedom, he will share some of the mistakes he made along the way and the lesson he took from them and so much more.Listen now and enjoy!What You'll Learn in this Show: How Jeremiah got started in the real estate spaceThe backstory of Jeremiah's book, “Finding Your Edge: How to Win at the Game of Commercial Real Estate Investing”How Jeremiah discovered the mobile home parks and how he got into investing in this spaceWhy Jeremiah shifted to self-storageSome of the mistakes Jeremiah made along the way and the lesson he took from themAnd so much more...Resources:Catchknives.com Patriotholdings.com Jeremiah's LinkedinBooks:Finding Your Edge: How to Win at the Game of Commercial Real Estate Investing (The Investor's Edge)Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not! The Power of Broke: How Empty Pockets, a Tight Budget, and a Hunger for Success Can Become Your Greatest...

In this new “What I Learned...” episode of the Passive Wealth Principles Podcast, Jake Harris breaks down his interview with Mitchell England, a multi-family and commercial real estate broker with the England Property Group.As usual, Jake shares a few nuggets he learned from Mitchell's interview in his short summary.You'll discover a little about Mitchell's varied background and his path to real estate, one that began at 16 years old when he read, 'Rich Dad, Poor Dad.'Jake discusses the support Mitchell has received from his wife, particularly when he made the bold decision to quit his job and move across the country to an area he'd never been to, which apparently had a hot real estate market.You will learn how you can systematically create frameworks in your life to unlock unlimited amounts of success and how you can create both logical and psychological solutions and become an amazing leader in every area of your life.Jake will also talk about queue depth and queue velocity and how Nick uses these metrics to manage every aspect of his life and so much more.Listen now and enjoy!What You'll Learn in this Show:How 'Rich Dad, Poor Dad' inspired Mitchell's path to real estate.The formula for success that exists in real estate sales.The importance of taking action first.The creation of the 'Zero to 100 Tribe.'And so much more...Resources:England Property GroupZero to 100 Tribe