Passive Wealth Strategies for Busy Professionals

Chris Long, the founder of Long Yards, shares his unique approach to self-storage investing. Long Yards focuses on providing storage solutions for businesses, particularly those with heavy equipment. Chris discusses how he determines demand for this type of storage, the stickiness of the business model, finding opportunities through new development or existing facilities, underwriting and expenses, lease agreements and tenant management, dealing with non-paying tenants, financing options, and balancing work and family life. He also emphasizes the importance of mindset and personal growth in building a successful business. Set up with Stessa: https://stessa.sjv.io/c/2425882/1152983/14113

How can you use real estate investing to break free from the 9-to-5 job and focus on your passion?   Host Taylor Loht interviews Zach Schnall, AKA DJ Bander, to share how he used his real estate portfolio to focus on his true passion: music. Zach shares his journey of utilizing union wages and early business success to save and invest in real estate, ultimately enabling him to dedicate his time to creating and performing music. Throughout this episode, Zach opens up about the strategies and systems he employed to build and manage his real estate portfolio without it becoming a distraction from his musical pursuits. He also shares valuable insights on identifying the right investment opportunities, the importance of building a strong network, and the challenges and benefits of 1031 exchanges.   [00:00 - 03:45] How did DJ Bander's entrepreneur journey start? Saving and investing in real estate Balancing the time between real estate, marketing, and music The importance of having a diverse skill set to monetize   [03:46 - 14:00] Strategies for Building a Real Estate Portfolio The advantages of being a minority investor in larger properties The significance of hiring the right property managers and vendors Adapting investment strategies to fit available opportunities and capital   [14:01 - 18:36] Navigating 1031 Exchanges and Market Challenges The complexities and benefits of 1031 exchanges Deciding when to sell and pay taxes versus utilizing a 1031 exchange The impact of the cannabis industry on industrial real estate in Los Angeles   [18:37 - 28:11] Using Real Estate to Pursue Your Passions Using real estate income to buy time for starting other businesses or pursuing creative endeavors. The importance of living below your means and saving for future investments. DJ Bander's advice for aspiring investors and entrepreneurs.     Quotes: "You want to use real estate as a way to buy yourself time to do it, to start another business or to start something else." - DJ Bander   "Try to live on a half, to two thirds of what you make. If you do that, you have no choice but to make money and have more." - DJ Bander     Connect with DJ Bander:  Instagram: https://www.instagram.com/djbander/ Website: https://banderproductions.com/     Apply to Invest with Taylor at www.investwithtaylor.com Track your wealth for free with Personal Capital, go to www.escapingwallstreet.com Please leave a review and help others escape Wall Street and build wealth on Main Street!

How can you build a successful land investing business that allows you to take vacations and step away from the day-to-day operations?   In episode 716, host Taylor Loht interviews Dan Haberkost, a young land investor who has built a business that enables him to do deals from a distance and take extended vacations. Dan shares his journey, starting at the age of 21, and discusses his approach to land investing. He explains how he focuses on interesting land deals in the Southeast, building teams and systems that allow him to step away from the business. Throughout the conversation, Dan shares valuable insights into his business model, his thoughts on the current market, and the importance of building a business with the right people and processes in place.   [00:00 - 06:45] Misconception about Land Investing How the land investing market works. Subdivisions with existing infrastructure VS. Raw Land. Using local experts to help assess deals in different markets.   [06:46 - 18:22] Identifying the Right Seller and Building Rapport to Close Deals Identifying your seller: who is it and what are their motivations? Building legitimacy and differentiating oneself from other investors is crucial for getting deals. Understanding short-term deals and long-term ones.    [18:23 - 25:33] Building a Business with Systems and Teams Learning the process yourself before hiring others is essential. Creating standard operating procedures (SOPs) and finding reliable title companies and realtors are key to success. Hiring the right people and improving the system.    [25:34 - 31:35] The Entrepreneur's Journey and Future Plans Building a network and working with referrals has been effective in finding good team members. There's no specific moment of "making it," and the focus should be on continual growth and pursuing enjoyable aspects of the business. Prioritizing people, planting long-term seeds, and maintaining perspective are essential for long-term success.   Quotes: "Good people and good systems is the key, as with any business." - Dan Haberkost   "Business should never be the first priority. People should. Don't forget to plant the long-term seeds amongst all the short-term profits." - Dan Haberkost   Connect with Dan Haberkost:  Website: https://danhaberkost.com/ Podcast: Big Picture Blueprint    Apply to Invest with Taylor at www.investwithtaylor.com Track your wealth for free with Personal Capital, go to www.escapingwallstreet.com Please leave a review and help others escape Wall Street and build wealth on Main Street!

Taylor discusses the importance of eliminating distractions and staying focused on our goals. He shares his personal experience with implementing a system to eliminate digital distractions and the challenges he faced. Taylor emphasizes the need to restart and recommit to the elimination of distractions to maintain focus. He also highlights the negative impact of engaging with content that focuses on the problems in the world and encourages listeners to focus on the positive and the things they can control. Taylor concludes by encouraging listeners to build a system that eliminates negative influences from their information diet and prioritize what is important in their lives.

How can you use your unique strengths to succeed in real estate investing, despite starting with limited funds?   In episode 714, host Taylor Loht sits down with Stephanie Cabral to talk about her journey from being an underemployed attorney to building a $3 million real estate portfolio as an accidental investor. Stephanie shares how she used the BRRRR (Buy, Rehab, Rent, Refinance, Repeat) strategy to build her portfolio, focusing on value-added improvements and creative financing techniques. She also shares her tips for managing properties remotely and the importance of building systems and teams to achieve time and location freedom. Stephanie's story is proof of the power of resourcefulness, determination, and seizing opportunities when they arise.     [00:00 - 06:05] From Underemployed Attorney to Real Estate Entrepreneur How Stephanie's journey began. Using a 203k loan for her first deal, gaining construction experience with minimal risk. The potential for appreciation and cash flow in real estate investing.   [06:06 - 13:38] Mastering the BRRRR Strategy Focus on value-add improvements to maximize appreciation. Techniques for cost-effective upgrades. Exploring creative financing options, such as hard money lending, private money, and tax credits.   [13:39 - 22:20] Building Systems and Teams for Time and Location Freedom The importance of creating checklists and standard operating procedures. Outsourcing tasks. Distributing the team to improve operations.    [22:21 - 29:37] Advice for Aspiring Investors Focusing on competitive advantages. Building relationships with potential partners. The benefits of self-managing properties for better tenant quality and cash flow, as well as the option of passive investing through syndications.   Quotes:   "The more nos you get, the closer you are to a yes." - Stephanie Cabral   "What are your competitive advantages, and how can you take advantage of that?" - Stephanie Cabral   "If you start a business that depends entirely on you, you didn't buy a business, you bought a job." - Stephanie Cabral, referencing Michael Gerber's "The E-Myth"   Connect with Stephanie Cabral:  Website: https://www.theleanlandlord.com/ Instagram: https://www.instagram.com/leanlandlord/   Apply to Invest with Taylor at www.investwithtaylor.com Track your wealth for free with Personal Capital, go to www.escapingwallstreet.com Please leave a review and help others escape Wall Street and build wealth on Main Street!

In this episode, we speak with David Kamara, a long-time real estate investor, about his experience and knowledge of the market. They discuss the importance of patience in real estate investing and how to remain patient as the market changes. David emphasizes the need for a well-thought-out business plan and the importance of executing it operationally. They also talk about the challenges of real estate investing and the importance of focus in order to achieve success. David shares his insights on scaling a real estate portfolio and the role of property management in managing operations. He recommends the book 'The Millionaire Real Estate Investor' and shares his inspiration from the movie 'The Banker'. Finally, David advises his younger self to never sell anything in real estate. Manage your properties with Stessa: https://stessa.sjv.io/c/2425882/1152983/14113

What are the biggest risks when dealing with foundation issues, and how can real estate investors avoid expensive problems?   In episode 712, host Taylor Loht sits down with Bob Brown, a foundation repair expert who built a successful foundation repair business and invested in residential and commercial properties along the way. Bob shares how investors can arm themselves with knowledge when dealing with potential foundation issues and foundation contractors. He emphasizes the importance of seeking the advice and guidance of an independent, forensic engineer before approaching contractors. Bob also discusses the various technologies and solutions used in foundation repair, including foam, helical piers, and compaction grouting. Throughout the interview, Bob explains the importance of making informed decisions based on expert advice rather than relying on the opinions of foundation repair salespeople.   [00:00 - 03:51] Understanding the Foundation Repair Industry Bob Brown's background in foundation repair and property investment. The role of foundation health in real estate investment. Misconceptions about foundation repair and the importance of expert assessment.   [03:52 - 10:43] Diagnosing Foundation Problems Correctly The necessity of having a civil engineer diagnose foundation issues. Challenges in finding unbiased assessments from contractors. The difference between engineers and sales-driven contractors in foundation evaluation.   [10:44 - 13:00] Economic Viability of Foundation Repairs Cost considerations in repairing vs. demolishing structures with foundation issues. Bob's experience with large-scale foundation repairs and their economic implications. Identifying how bad the foundation damage is and how easy it is to fix.   [13:01 - 22:58] Advanced Foundation Repair Technologies Evolution of foundation repair technologies and their application. The benefits and limitations of using foam for leveling slabs. Comprehensive solutions for underpinning and soil stabilization.   [22:59 - 26:38] Questions Round Book: Foundational Repair Secrets by Bob Brown.  Recommendations: Cosmos by Carl Sagan. The importance of eating, sleeping and exercising well.    Quotes:    "If you're doing those things and you're not an engineer, you're practicing engineering without a license." - Bob Brown   "Exercise, get the right amount of sleep, and eat right." - Bob Brown     Connect with Bob Brown:  Website: https://foundationrepairsecrets.com/   Apply to Invest with Taylor at www.investwithtaylor.com Track your wealth for free with Personal Capital, go to www.escapingwallstreet.com Please leave a review and help others escape Wall Street and build wealth on Main Street!

How can preferred equity deals help developers navigate the current real estate market challenges while offering attractive returns to investors?   In episode 711, host Taylor Loht welcomes Darin Davis, a real estate investor who has successfully executed transactions approaching $1 billion through his investment firms. Darin shares his perspective on the current real estate market and how preferred equity deals can benefit both developers and investors. He talks about the challenges developers face in the current market, including rising interest rates, falling valuations, and reduced loan proceeds. Darin explains how preferred equity can help developers bridge the gap and complete their projects while offering investors attractive returns with a defined timeframe and a safer position in the capital stack. Darin emphasizes the importance of underwriting, and being focused on class A assets in prime locations. He also shares his perspective on the current market compared to previous recessions and offers advice for young people looking to build a strong financial foundation.   [00:00 - 05:40] Challenges Facing Developers in the Current Market Rising interest rates, falling valuations, and reduced loan proceeds. How preferred equity can help developers bridge the gap and complete their projects? Preferred equity offers investors attractive returns with a defined timeframe and a safer position in the capital stack.   [05:41 - 13:03] Navigating Preferred Equity Deals Due diligence and underwriting are crucial when evaluating preferred equity deals. Advice for Investors: look for deals with a significant amount of common equity behind their capital to provide a safety net. Preferred equity investors should have the ability to cure and take control of the asset if necessary.   [13:04 - 20:50] Focusing on Class A Assets in Prime Locations Why Darin's company focuses on class A assets. Targeting development projects near the end of construction or lease-up. Why preferred equity deals are easier to underwrite.  Reputation is key in the real estate industry.   [20:51 - 24:09] Comparing the Current Market to Previous Recessions Darin's perspective on the current market.  Discounted assets VS Distressed assets in the current market. Opportunities for the next few years.    [24:10 - 32:41] Question Round Book recommendation: The One Thing by Gary Keller.  Storytime: saving and preparing for life's unexpected turns.  Advice for young people starting their financial journey.    Quotes:   "I would encourage young people to really focus on who and what you want to be early in your life because what happens in those first 10 years of your life for most everybody will determine what happens the rest of your life." - Darin Davis   “Find the one thing that you're good at and just go." - Darin Davis   Connect with Darin Davis:  Website: https://clubcapital.co/   Apply to Invest with Taylor at www.investwithtaylor.com Track your wealth for free with Personal Capital, go to www.escapingwallstreet.com Please leave a review and help others escape Wall Street and build wealth on Main Street!

Summary In this episode, Taylor discusses the book 'Crucial Conversations' and its impact on his personal and business life. He emphasizes the importance of dealing with others effectively and provides tools for navigating crucial conversations. The first tool is recognizing when a conversation is becoming crucial and taking the opportunity to bring down the temperature. The second tool is asking three important questions: what do I want for myself, what do I want for others, and what do I want for the relationship. Taylor concludes by encouraging listeners to practice these tools consistently and pick up a copy of 'Crucial Conversations' for further guidance.

What strategies can real estate investors use to successfully transition from investing in single-family homes to commercial properties?   In episode 709, host Taylor Loht sits down with Adam Craig, the founding member of CLE Real Estate Group, to discuss his journey from single-family investing to non-residential commercial real estate. Adam shares valuable insights on how he navigated the challenges of transitioning to office and retail properties, the importance of aggressive marketing, and the advantages of managing commercial properties compared to residential ones. Throughout the conversation, Adam emphasizes the significance of buying right, finding the right tenants, and adapting to market conditions to succeed in the commercial real estate space.   [00:00 - 05:53] From Single-Family Homes to Office Buildings Adam's journey from owning 70 single-family homes to purchasing his first office building The impact of the pandemic on Adam's first leasing experience The realization that success in leasing during the pandemic could lead to greater opportunities   [05:54 - 10:22] Filling Office Vacancies Strategies for finding tenants: using Facebook marketing Offering nice buildings at competitive prices to attract tenants Raising private money for acquisitions and the importance of building a strong network   [10:23 - 15:44] The Art of Buying Right and Adding Value Focusing on value-add properties  The range of rehab projects, from simple upgrades to complete renovations Balancing the intensity of rehab with the potential for increased value   [15:45 - 23:09] Diversifying with Retail  Breaking large spaces into smaller units to attract more tenants The resilience of smaller retail tenants despite the challenges faced by larger players The suburban Cleveland market and the differences compared to major metro areas   [23:10 - 26:07] Lessons Learned and question round Recognizing the intensity of single-family investing and considering alternatives The value of mentorship and learning from experienced investors The wisdom of slowing down, enjoying life, and spending time with family   Quotes:   "It takes a lot of work, but when you can turn a $500,000 investment into a $1.5 million investment in a two-year period, it's worth the effort." - Adam Craig    "The good thing about real estate is there's so many avenues you can take." - Adam Craig    Connect with Adam Craig:  Website: https://www.cleinvest.com/ Instagram: https://www.instagram.com/adamtheinvestor/   Apply to Invest with Taylor at www.investwithtaylor.com Track your wealth for free with Personal Capital, go to www.escapingwallstreet.com Please leave a review and help others escape Wall Street and build wealth on Main Street!    

Zachary Jensen, a tax expert and real estate investor, joins us to talk about tax-advantaged retirement accounts, specifically the IRA and Roth IRA. They discuss the basics of the IRA, including contribution limits and deductions. They also explain the differences between Roth and traditional IRAs, highlighting the tax advantages of the Roth IRA. The conversation then delves into the backdoor Roth IRA strategy for higher income earners and the mega backdoor Roth IRA strategy, which allows for larger contributions. They discuss the tax implications of these strategies and the importance of consulting with a CPA. The episode concludes with book recommendations and advice from Zachary's future self.   Join Stessa at www.escapingwallstreet.com Investing with Taylor at www.investwithtaylor.com

What does it take to build a successful real estate business and sell it to institutional buyers?   In episode 707, host Taylor Loht talks with Brittany Fairweather. She is a Licensed Real Estate Agent who managed to sell her company to institutional buyers. Her journey in the real estate world is an inspiring story of identifying opportunities, adapting to market shifts, and consistently delivering solutions that meet investors' evolving needs. Despite her unconventional start as a musical theater major, Brittany's entrepreneurial spirit and listening skills lead her to establish and sell multiple successful companies. Listen to this episode to learn how she managed to do it and earn valuable lessons in the real estate market.    [00:00 - 08:11] Starting the Real Estate Journey Brittany's transition from a musical theater major to the real estate industry. Her first real estate partnership opportunity with a mortgage brokerage. Recognizing the market cycles and finding the entrepreneurial journey.   [08:12 - 13:50] From Conventional Mortgage to Creating a New Model Establishing a private lending company.  Their institutional approach attracted opportunities with banks, enabling them to scale.  Growing strategically in the market.  Diversification of their portfolio, market concentration, and client base.    [13:51 - 20:08] Selling Businesses and Embracing New Challenges Selling the lending company and auction platform to institutional buyers.  The importance of having diverse capital sources. Listen to clients' needs and provide innovative solutions.    [20:09 - 25:20] Building a New Real Estate Empire Brittany's passion for real estate led her to start a new business.  Sailing rental properties to institutional investors. The start of TRX Capital, which provides end-to-end financing for investors.   [25:21 - 28:48] Question round Brittany's advice from her 80-year-old self.  The importance of having a good team.    Quotes:    “What we could attribute a lot of our success to is being able to listen to our clients and our relationships and our investors, and be able to provide a solution.” Brittany Fairweather     Connect with Brittany Fairweather:  Website: https://www.trxcapfund.com/ Instagram: https://www.instagram.com/trxcapfund/ E-mail: brittney@trxcapfund.com   Apply to Invest with Taylor at www.investwithtaylor.com Track your wealth for free with Personal Capital, go to www.escapingwallstreet.com Please leave a review and help others escape Wall Street and build wealth on Main Street!

How can businesses grow while preserving their core values?   In episode 706, host Taylor Loht sits down with Jason Henneberry, the co-founder and COO of Tango Financial, Canada's largest mortgage brokerage. Jason shares his journey of scaling Tango Financial to fund over 4.7 billion in mortgages annually through strategic acquisitions and organic growth. He shares the challenges of change management, the importance of protecting the core business while expanding outwards, and the innovative strategies he employed to manage his time and energy across multiple ventures. Jason's wisdom and real-world experiences offer valuable lessons for entrepreneurs and leaders seeking to scale their businesses while maintaining a healthy work-life balance.   [00:00 - 04:17] Forecasting and Performance Management Utilize hard data and gut instincts to forecast performance. Establish reporting mechanisms that encourage honest and transparent communication.   [04:18 - 10:40] Scaling Through Strategic Acquisitions The early starts of Tango Identifying how change management is essential for the implementation of new processes. The importance of setting a vision.  Domain expertise for successful acquisitions.   [10:41 - 17:04] Finding a long-term business opportunity Aligning your preparation to be ready when there is an opportunity.  The importance of understanding market conditions and industry trends.  How to keep going after finding a model that works? Test new ideas and initiatives outside the core business before integrating them.   [17:05 - 23:06] Time and Attention Management 60-day cycle with periods of execution followed by downtime for rest and planning. Align work cycles with natural downtime periods to promote work-life balance. The benefits of setting work periods.    [23:07 - 28:32] Advice for Entrepreneurs  "Good to Great" by Jim Collins is Jason's number one book recommendation. The power of constantly creating.  The importance of keep going.    Quotes: "Protect the core and then expand outward.” - Jason Henneberry   “It's never the wrong time to try again. You don't have to wait until January 1st to give it another shot. You can restart.” - Taylor Loht     Connect with Jason Henneberry:  Instagram: https://www.instagram.com/jasonhenneberry/ Facebook: https://www.facebook.com/henneberryjason TikTok: https://www.tiktok.com/@jasonhenneberry     Apply to Invest with Taylor at www.investwithtaylor.com   Track your wealth for free with Personal Capital, go to www.escapingwallstreet.com   Please leave a review and help others escape Wall Street and build wealth on Main Street!

Investing with Taylor at www.investwithtaylor.com  Start with Stessa at https://stessa.sjv.io/c/2425882/1152983/14113 In this episode, Coach Dan Gordon discusses the importance of addressing internal problems and overcoming fear in order to achieve success in business and real estate investing. He shares personal experiences and highlights the need to be kind to oneself and take risks. The key takeaway is to persist in the face of failure and learn from mistakes in order to grow and achieve greatness. Takeaways Addressing internal problems is crucial for success in business and real estate investing. Being kind to oneself and accepting fear as valid can help overcome internal barriers. Persistence and learning from mistakes are essential for growth and achieving greatness. Service and helping others can be a source of inspiration and motivation.

Could understanding the mysterious 18.6-year real estate cycle be the key to unlocking unparalleled investment opportunities?   In this enlightening episode of the Passive Wealth Strategy Show, host Taylor Loht welcomes Chris Larson, a real estate investment guru with over two decades of experience. Chris delves into the intriguing concept of the 18.6-year real estate cycle, a pattern that has seemingly dictated the ebb and flow of property values throughout history. With a mix of personal anecdotes, historical analysis, and expert insights, Chris and Taylor explore how this cycle can impact investment strategies, the role of human psychology in market dynamics, and practical tips for navigating the inevitable ups and downs of the real estate market. Whether you're a seasoned investor or new to the game, this episode offers valuable perspectives on making informed decisions in an unpredictable landscape.   Christopher Larsen is the founder and Principal of Next-Level Income. After 18 years in the medical device industry he dedicates his time to helping others become financially independent through education and investment opportunities. Chris has been investing in and managing real estate for over 20 years. He has experience in development, private-lending, distressed debt as well as commercial office, and syndications including assets across: multifamily, self-storage, hotels, mobile home parks, car washes and senior housing. Since 2016 he has been actively involved in over $1.5B of real estate acquisitions. [00:00:00 - 00:05:00] The Lure of Real Estate: Introduction to Chris Larson and the foundational concepts of real estate investment. Chris Larson's background and approach to real estate investment. The allure of high-margin properties and diversified investment strategies. Preparing for market fluctuations by accumulating cash.   [00:05:00 - 00:10:00] Unraveling the 18.6-Year Cycle: Deep dive into the concept of the 18.6-year real estate cycle and its historical significance. Historical patterns and the genesis of the 18.6-year cycle. The impact of demographics and deal specifics on investment decisions. The role of land value in real estate appreciation.   [00:10:00 - 00:15:00] Human Psychology & Market Dynamics: Exploring the influence of human nature and psychological patterns on real estate trends. Generational forgetting and the repetition of history in market cycles. The psychological underpinnings of investment decisions. The importance of understanding human behavior in predicting market movements.   [00:15:00 - 00:20:00] Black Swan Events & Real Estate: Discussing the impact of unforeseen global events on the real estate cycle. The role of black swan events in disrupting traditional market cycles. Potential future risks, including the U.S. debt level and currency crises. Strategies for mitigating risks associated with unpredictable global events.   [00:20:00 - 00:25:00] Practical Investment Strategies: Practical tips for navigating the real estate market based on the cycle's insights. Importance of low leverage and high-quality investments nearing cycle downturns. The value of maintaining cash reserves and liquidity. Long-term trend betting versus short-term speculation. Book recommendation: The Secret of Real Estate and Banking Who inspires Chris?: Elon Musk   Quotes:   "Understanding the 18.6-year cycle gives us a lens through which to view potential investment opportunities and risks." - Chris Larson   "Real estate is not just about the structures we build but the land upon which they stand." - Chris Larson   Connect with Chris:   Website: https://nextlevelincome.com/   Apply to Invest with Taylor at www.investwithtaylor.com Track your wealth for free with Personal Capital, go to www.escapingwallstreet.com

Learn about investing with Taylor at www.investwithtaylor.com   Summary Joseph Gozlan, a commercial real estate investor and broker, discusses his investment strategies in retail and industrial properties. He focuses on triple net properties, where the landlord passes on expenses to the tenant. In the retail space, he looks for neighborhood retail strips that cater to service-based businesses. He explains that while Amazon has disrupted retail, there is still a need for physical stores. In the industrial space, he prefers flex buildings that cater to blue-collar businesses, e-commerce startups, and individuals with storage needs. He also compares the lease terms and market dynamics of retail/industrial to multifamily/residential properties. Takeaways Triple net properties allow landlords to pass on expenses to tenants, making them a favorable investment option. Neighborhood retail strips that cater to service-based businesses are still in demand despite the rise of e-commerce. Flex industrial buildings are versatile and cater to blue-collar businesses, e-commerce startups, and individuals with storage needs. Lease terms and market dynamics differ between retail/industrial and multifamily/residential properties, making each asset class suitable for different market conditions.

How can small business owners find financial peace of mind while still pursuing entrepreneurial ventures?   In this episode, Amanda Neely shares her journey from coffee shop owner to certified financial planner. She offers insights on achieving financial stability for small business owners, securing flexibility and work-life balance as an entrepreneur, and discovering fulfillment by serving others. Her story is a proof of resilience, strategic planning, and the importance of building a supportive community around your entrepreneurial ventures.   [00:00 - 13:57] Rethinking the professional path  Analyzing where you are on your journey and where you would like to go.  Breaking points and decision making. Following a timeline and a financial plan.  Taking advice from a mentor.    [13:58 - 16:44] Redefining Financial Freedom  Defines financial freedom not by money but by impact through mentoring others. Focuses first on family and community, knowing the money will follow. Sets guardrails so she can give value without giving everything away.   [16:45 - 19:42] Getting out of risk of bankruptcy Switched from paying down debt to saving into an emergency fund policy. Used policy loans rather than savings to pay off debt all at once. Became "own source of financing" with more control.   [19:43 - 25:27] Crafting Routine for Both Business and Family Uses daily anchors like cooking dinner to transition from work mode. Finding support with her husband to balance work and family time.   Quotes:   "You've got to do it with a team. You can't do it on your own." - Amanda Neely   "Financial freedom for me is... about the impact, how my time is being used." - Amanda Neely     Connect with Amanda:  Website: https://www.wealthwisdomfp.com/     Apply to Invest with Taylor at www.investwithtaylor.com   Track your wealth for free with Personal Capital, go to www.escapingwallstreet.com   Please leave a review and help others escape Wall Street and build wealth on Main Street!

How can the conservative yet burgeoning market of Salt Lake City redefine multifamily real estate investing in an era of economic fluctuations?   In this episode, Taylor Loht welcomes Brian Briscoe, a seasoned real estate investor and retired U.S. Marine, to discuss the intricacies of multifamily real estate investing, particularly in the promising market of Salt Lake City, Utah. Amid high-interest rates and market turmoil, Brian shares his journey from military service to real estate success, focusing on strategic market selection, the importance of growth areas, and navigating current challenges. Their conversation offers invaluable insights into long-term investment strategies, the impact of economic cycles on real estate, and the potential of Salt Lake City as a prime investment location.   Brian Briscoe is the founder and Visionary of Streamline Capital Group and has been a general partner in 1100 units worth over $120 million and has been lead sponsor, asset manager, capital raiser, and key principal on these properties. He founded Streamline Capital Group to provide long-term growth and cash flow for its investors. [00:00:00 - 00:05:00] The Strategic Pivot to Salt Lake City   Brian's shift to focusing on Salt Lake City for multifamily investments. Salt Lake City's rapid growth and vibrant economy offer unique investment opportunities. The importance of selecting a market with potential for long-term growth. Navigating high interest rates and prices by focusing on strategic geographical areas. [00:05:00 - 00:10:00] Navigating Market Challenges   Discussion on the current state of the market and strategies for dealing with distressed properties. Salt Lake City's conservative fiscal culture minimizes distressed property occurrences. Strategic acquisitions in a tight market. The role of patience and timing in capitalizing on market challenges.   [00:10:00 - 00:12:00] Education and Aspirations in Real Estate   Brian talks about the slowdown in real estate education interest and maintaining aspirations. The impact of market conditions on education and new investor entry. The importance of timing and preparation in real estate investing. Encouragement to persist despite challenging market conditions. [00:12:00 - 00:15:00] Adapting Business Strategies   Exploring the value-add business model and adjustments to business plans. The necessity of flexible exit strategies in uncertain times. Adapting investment strategies to current market conditions. The shift towards assuming loans for better investment terms.   [00:15:00 - 00:19:00] Loan Assumption and Closing Thoughts   Insights into the loan assumption process and Brian's personal and professional reflections. The benefits and challenges of loan assumption as a strategy. The importance of a strong team and financial qualifications. Reflections on personal motivations and long-term visions in real estate. Book recommendation: The Book of Mormon Who inspires Brian?: His kids.  Quotes:   "The best thing you can do is pick an area that's going to grow." - Brian Briscoe    "The pendulum rarely stays on one extreme for very long." - Brian Briscoe Connect with Brian: Website: https://www.streamlinecapitalgroup.com/   Apply to Invest with Taylor at www.investwithtaylor.com Track your wealth for free with Personal Capital, go to www.escapingwallstreet.com Please leave a review and help others escape Wall Street and build wealth on Main Street!

First article: https://www.justice.gov/usao-nj/pr/leader-real-estate-investment-firm-admits-role-658-million-ponzi-scheme-and-multimillion Second article: https://patch.com/new-jersey/secaucus/nick-salzano-secaucus-pleads-guilty-658-million-ponzi-scheme Someone just pled guilty to a heap of charges on a $658 Million Ponzi scheme with National Realty Investment Advisors (NRIA). What can real estate investors learn so we can protect ourselves and avoid investing in a Ponzi scheme?

Can the bridge between institutional-level real estate analytics and the individual investor not only demystify the market but also unlock unprecedented opportunities for wealth building?   In this episode of the Passive Wealth Strategy Show, host Taylor Loht welcomes Trevor Richardson from Address Income, revealing the fusion of technology and personalized expertise in real estate investing. Discover how Trevor's innovative brokerage is revolutionizing the way investors, from beginners to veterans, navigate the complexities of the market with institutional-level analytics tailored for the individual. With insights into avoiding common pitfalls and leveraging data for smarter investment decisions, this conversation is a treasure trove for anyone looking to elevate their real estate investment game.   Born and raised in Reno, Nev., Trevor launched his real estate career as operations manager for multiple private equity funds that focused on acquiring and renovating distressed residential assets in northern Nevada and northern California. Trevor graduated in 2010 with a B.A. in journalism with an emphasis in public relations from the University of Nevada, Reno. [00:00:00-00:03:00] Revolutionizing Real Estate Brokerage   Address Income's mission to provide institutional analytics to individual investors. The importance of technology in identifying the best market deals. How personalized oversight ensures the data translates into actionable insights.   [00:03:00-00:09:00] Blending Technology with Human Insight   The evolution from flipping properties to offering comprehensive brokerage services. Address Income's unique approach to market analysis and property underwriting. The role of a broker in today's technology-driven market.   [00:09:00-00:15:00] Demystifying Institutional Analytics for the Individual Investor How Address Income predicts rents and property values with advanced analytics. The significance of monthly income in property analysis. Strategies for applying institutional insights to the individual investor's advantage.   [00:15:00-00:21:00] Avoiding Pitfalls in Real Estate Investment The dangers of over-reliance on data without proper analysis. The value of a dual-level analysis approach in investment decisions. The critical importance of understanding market cycles and investor goals.   [00:21:00-00:27:00] Navigating the Challenges and Opportunities in Reno's Market Understanding the unique aspects of the Reno real estate market. The importance of setting realistic investment goals based on market conditions. Strategies for dealing with tenant relocation and maximizing cash flow. Who inspires Trevor?: Having a game mentality   Quotes:   "We're not just looking at properties; we're analyzing the market." - Trevor Richardson   Our goal is to make institutional-level analysis accessible to everyone." -Trevor Richardson   Connect with Trevor:   Website: https://www.addressincome.com/   Apply to Invest with Taylor at www.investwithtaylor.com Track your wealth for free with Personal Capital, go to www.escapingwallstreet.com Please leave a review and help others escape Wall Street and build wealth on Main Street!  

Investing with Taylor at www.investwithtaylor.com Manage your properties with Stessa: https://stessa.sjv.io/c/2425882/1152983/14113 In this episode, Taylor interviews Aundre Oldacre, the managing partner at Aora Development, about sustainable development and its impact on the real estate industry. They discuss the challenges and opportunities of implementing sustainable practices, the role of incentive programs in offsetting development costs, and the importance of evaluating properties based on their sustainability ratings. Aundre shares insights into replacing gas boilers with sustainable alternatives and navigating regulatory red tape. The conversation also touches on the impact of high interest rates and the changing market dynamics in New York City. Overall, the episode provides valuable information for investors interested in sustainable development. Takeaways Incentive programs can help offset the costs of implementing sustainable practices, but they may not cover the entire expense, leading to upward pressure on rents. Replacing gas boilers with sustainable alternatives, such as electric boilers or heat pumps, is a key aspect of sustainable development. Properties with a sub one Debt Service Coverage Ratio (DSCR) may initially have insufficient net operating income to cover mortgage costs, but strategic cost-cutting measures can improve the financial position. Evaluating properties based on their sustainability ratings can help identify potential red flags or opportunities for improvement. Rent-regulated properties may present additional challenges and considerations in terms of sustainability and investment potential. Sellers may need to adjust pricing to account for the end of tax abatements, and buyers must carefully evaluate the risks associated with these properties. Regulatory red tape, such as permitting issues and electrical service limitations, can pose challenges when making sustainable updates to properties. The timeframe for completing sustainability updates can vary depending on the scope of work and regulatory requirements. There are resources available for individuals interested in learning more about sustainable development and building their skill set in this area.

Can private credit transform the future of agriculture and help preserve family farms in an era of financial and environmental challenges?   In this enlightening episode of the Passive Wealth Strategy Show, host Taylor Loht welcomes Chris Raleigh, founder of Harvest Returns, for a deep dive into the innovative world of private credit within the agriculture sector. Raleigh shares his journey from a Navy captain to revolutionizing agricultural finance, offering insights into the challenges and opportunities facing farmers today. Through discussions on loan structures, investment strategies, and the broader implications for the agricultural industry, this episode sheds light on how private credit is becoming a vital tool for growth and sustainability in farming.   While serving as a career naval officer, Chris Rawley visited dozens of war-torn and poverty stricken countries and began to appreciate the importance of agriculture to every single person on earth. As a professional investor with this new found appreciation, he decided to invest in a farm, but quickly discovered that these types of assets were inaccessible to the average person. The problem drove him to create Harvest Returns in 2016 to democratize investments in agriculture. [00:00:00 - 00:04:59] The Genesis of Harvest Returns   Introduction to Chris Raleigh and Harvest Returns. The inspiration behind starting Harvest Returns. Challenges in traditional agricultural financing. The role of private credit in modern farming.   [00:05:00 - 00:09:59] Navigating the Terrain: Private Credit in Agriculture   Exploring the types of loans and borrowers. The significance of private credit for farmers. How Harvest Returns customizes financial solutions. The impact of regulations on banking and lending.   [00:10:00 - 00:14:59] Risk Management and Investment Strategies   Strategies for managing risks in agricultural investments. The role of collateral in securing loans. Insights into the global influence on agricultural markets   . [00:15:00 - 00:19:59] The Future of Farming and Finance The potential for innovation in the agricultural sector. Challenges of consolidation in farming. The importance of sustainable investment practices.   [00:20:00 - 00:23:59] Reflections and Insights The value of continuous movement and innovation. Lessons from Elon Musk's approach to entrepreneurship. The critical role of resilience in personal and professional life. Book recommendation: Elon Musk Who inspires Chris: Elon Musk   Quotes:   "We're a platform we started... to give people access to investments in farming and ranching and agriculture." - Chris Raleigh   "Keep moving, and if you're not moving, you're dying... it's, it's, you know, in your business, in your personal relationships in your investing career, you, you gotta, you gotta be moving forward." - Chris Raleigh   Connect with Chris:  Website: https://www.harvestreturns.com/ Apply to Invest with Taylor at www.investwithtaylor.com Track your wealth for free with Personal Capital, go to www.escapingwallstreet.com Please leave a review and help others escape Wall Street and build wealth on Main Street!  

How can renting properties room by room not only maximize your rental income but also provide affordable housing solutions for students, all while navigating the challenges of property management and tenant selection? In this eye-opening episode of the Passive Wealth Strategy Show, host Taylor Loht interviews Ryan Chaw, a real estate investor who achieved millionaire status by 28 through his innovative room-by-room rental strategy across the country. Ryan shares his journey from a recently retired pharmacist to a real estate mogul, providing invaluable insights into selecting the right markets, managing properties remotely, and strategically catering to college and grad students to create significant cash flows. Discover Ryan's approach to overcoming common landlord challenges, his methods for market analysis, and the systems he's put in place to ensure his investments remain passive yet highly profitable.   Ryan Chaw is a real estate investor with a multiple six-figure real estate portfolio, which he built on the side while working his full-time job. He has previously been featured on sites like Business Insider and BiggerPockets. Ryan also regularly shares his advice on industry podcasts and blogs and speaks at industry events. He graduated with a Doctor of Pharmacy at age 23 and has since been working as an Infectious Diseases and Pediatric Pharmacist.  [00:00:00 - 00:05:00] Breaking the Mold: Room-by-Room Rentals Ryan's unique investment strategy focuses on maximizing rental income by renting out individual rooms. Targeting college and grad students as tenants offers a stable demand. The importance of location and property selection to minimize risks and maximize returns.   [00:05:00 - 00:10:00] The Blueprint to Millionaire Status Ryan's path to financial independence through real estate investment. How leveraging student housing can lead to significant cash flow. Strategies for selecting properties and managing them efficiently to maximize income.   [00:10:00 - 00:15:00] Overcoming Challenges: Tenant Management & Maintenance Effective strategies for managing tenant relations and expectations. Tips for minimizing maintenance issues and handling repairs. The importance of creating a tenant-proof property to reduce wear and tear.   [00:15:00 - 00:20:00] Scaling Up: From Local to National   Ryan's approach to expanding his investment portfolio across states. The critical role of market analysis in identifying new investment opportunities. Techniques for remote management and ensuring consistent standards across properties.   [00:20:00 - 00:25:00] Vision for the Future: Goals and Aspirations Ryan's long-term vision for his real estate portfolio and impact on affordable student housing. The importance of continuous learning and self-improvement in achieving success. Ryan's commitment to mentoring and sharing his knowledge with aspiring investors. Books recommendation: Millionaire Real Estate Investor, The Traction Book Who inspires Ryan?: His grandfather. Quotes:   "By targeting high-quality students and utilizing strategic locations, we're able to minimize typical landlord headaches while providing value to our tenants." - Ryan Chaw   "Real estate isn't just about investing in properties; it's about investing in communities and making a positive impact." - Ryan Chaw   Connect with Ryan: Website: www.newbierealestateinvesting.com/guide Apply to Invest with Taylor at www.investwithtaylor.com Track your wealth for free with Personal Capital, go to www.escapingwallstreet.com Please leave a review and help others escape Wall Street and build wealth on Main Street!

Read the thread: https://twitter.com/bhallcpa/status/1752329561272963265   Taylor takes us through the complexities of tax strategies associated with short-term rental investing, particularly focusing on the so-called "short-term rental loophole." As an experienced investor, Taylor breaks down the misconceptions and misinformation circulating in the community and provides a critical look at how this tax strategy is frequently misunderstood and misused. Taylor highlights a story from Brandon Hall, a CPA and tax expert specializing in real estate, to unravel a cautionary tale of an investor who unsuccessfully attempted to exploit this tax strategy, illustrating the consequences of improper application. The conversation shines a light on the importance of adhering to IRS guidelines and understanding the nuances of real estate tax law.

Why has value-add multifamily investing in tertiary markets provided scalable opportunities for real estate entrepreneurs like George?   Summary: Former data scientist George Roberts shares key lessons from his journey transitioning from single family to becoming a full-time multifamily syndicator. Topics discussed include leveraging virtual assistants, investing in tertiary markets, assessing economic fundamentals, smaller multifamily deals, vetting potential partners, and going "all in" as an entrepreneur.   When he is not running one of his active investments, you can find George hosting  “The Foundery – Where Leaders are Forged Daily!” a podcast devoted to the role that entrepreneurship, leadership, and mindset play in success in the commercial real estate space. He also hosts the weekly “CRE Network at Noon Eastern” Zoom meetup for investors and other commercial real estate players every Wednesday at noon Eastern.   [00:02:00-00:04:00] From Single Family to Multifamily Syndicator   George started with single-family investing while working in tech, then made a strategic shift into multifamily to invest at scale. He immediately hired a virtual assistant agency to build efficient systems and processes. George focused on passive multifamily investing so he could keep his full-time job initially.   [00:04:00-00:07:00] Virtual Assistants Enable Lifestyle and Growth   Instead of writing SOPs, George records videos of processes for the VA to follow. This saves massive time. The VA handles podcast editing and other tasks, freeing up George's time for higher priorities.   George encourages his VAs to improve their expertise in areas like video editing continually.   [00:07:00-00:10:00] Investing in Tertiary Markets   George targets smaller tertiary markets with economic upside and migration patterns. He can find below market value deals from mom-and-pop operators in these markets. Less competition allows for negotiating attractive purchase terms.   [00:10:00-00:13:00] Assessing Fundamentals of Tertiary Markets   George analyzes positive demographic and migration trends pointing to growth. He also examines indicators like transportation access and development. Favorable supply/demand dynamics are key.   [00:13:00-00:17:00] Smaller Multifamily Deals Offer Advantages   Deals from 20-80 units have less competition from institutional players. This allows for finding off-market opportunities and negotiating attractive terms. Smaller deals provide flexibility if the market shifts. Book recommendation: The 7 Habits of Highly Effective People What inspires George?: Adventure!   Quote:   "When things go wrong, if you're, you have a little less leverage versus the amount of money that you could have put on the side for that rainy day. How long do you get to survive? It's huge" - George Roberts    Connect with George:   Website: https://robertscapitalenterprises.com/   Apply to Invest with Taylor at www.investwithtaylor.com Track your wealth for free with Personal Capital, go to www.escapingwallstreet.com Please leave a review and help others escape Wall Street and build wealth on Main Street!

Investing with Taylor at www.investwithtaylor.com Manage your properties with Stessa https://stessa.sjv.io/c/2425882/1152983/14113 Get in touch with Austin: www.curryconsulting.co   Summary Austin Curry, a full-time real estate investor, shares his journey of transitioning from a corporate career to real estate investing. He discusses his investment focus, portfolio, and the shift in his investment model. Austin explains why he decided to move away from syndication and focus on smaller properties. He also shares insights on time management as a full-time investor and offers advice for those looking to make the transition from corporate to real estate. Overall, Austin's story highlights the importance of clarity, purpose, and flexibility in building a successful real estate career. Takeaways Focus on markets with strong fundamentals and population/job growth. Consider shifting investment strategies based on market conditions and personal goals. Create a balance between work and personal life as a full-time investor. Give yourself a financial runway and clarity of purpose before transitioning to full-time real estate investing.

Have you ever wondered how real estate investors save millions on taxes using a method approved by the IRS but not widely understood?    In this enlightening episode, host Taylor Loht invites cost segregation expert Joseph Viery to demystify one of the most potent yet underutilized tools in real estate investment - cost segregation. Joseph breaks down complex tax codes into actionable strategies that can lead to significant tax savings for property owners. Whether you're a seasoned investor or new to real estate, Joe's insights into accelerating depreciation, navigating IRS guidelines, and leveraging cost segregation studies will equip you with the knowledge to enhance your investment returns.   Joseph is the Principal at US Tax Advisors Group, Inc (USTAGI). As a Cost Segregation Professional, he has helped property owners defer or eliminate millions of dollars in income taxes by leveraging cost segregation studies. Joseph has performed thousands of Cost Segregation studies for clients in various industries ranging from $500,000,000 commercial properties to $50,000 single-family residences. [00:00:00 - 00:04:59] Unlocking Tax Savings: Discover the basics of cost segregation and its history, highlighting how it can transform your tax strategy. Cost segregation accelerates depreciation, offering immediate tax savings. The practice became widely endorsed by the IRS following a pivotal 1997 court case. Understanding IRS guidelines is crucial for a compliant and effective cost segregation study.   [00:05:00 - 00:09:59] Choosing the Right Study: Learn the difference between engineering-based and online cost segregation studies. Engineering-based studies offer a robust defense during audits. The complexity of a property can dictate the type of study needed. Cheaper online options may lack the detailed analysis required by the IRS.   [00:10:00 - 00:14:59] Depreciation Recapture and Strategy: Navigating the implications of selling your property and the strategic role of cost segregation. Cost segregation can actually reduce depreciation and recapture taxes. The importance of planning for the long-term ownership of properties. Utilizing 1031 exchanges to defer taxes further.   [00:15:00 - 00:19:59] Impact of Changing Tax Laws: Discussion on how recent changes in bonus depreciation affect real estate investors. Bonus depreciation has been a boon, but the core benefits of cost segregation remain. Planning your tax strategy around current laws is essential. The value of cost segregation does not diminish with changes in bonus depreciation rates.   [00:20:00 - 00:23:59] Building a Real Estate Team: Joe shares personal anecdotes and the importance of surrounding yourself with experts. The right team can save you more than they cost. Leveraging the expertise of professionals for better decision-making. Joe's journey from starting in finance to becoming a cost segregation expert. Book recommendation: Think and Grow Rich Who inspires Joseph?: Podcasting and masterminds.    Quotes:   "Owning real estate is powerful and the tax advantages are huge." - Joseph Viery   "Accelerated depreciation has been around for over 50 years, but it's more relevant today than ever." - Joseph Viery   Connect with Joseph: Website: https://ustagi.com/   Apply to Invest with Taylor at www.investwithtaylor.com Track your wealth for free with Personal Capital, go to www.escapingwallstreet.com Please leave a review and help others escape Wall Street and build wealth on Main Street!

Is debt investing the hidden gem of real estate wealth building, offering stability and returns in a volatile market?   Host Taylor Loht welcomes Matt Rodak, founder and CEO of Upright, to unravel the complexities and advantages of debt investing in real estate. Matt shares his journey from landscaping for fix-and-flip investors to creating a platform that bridges the gap between active real estate investors and passive debt investors. This episode dives deep into the intricacies of debt versus equity investing, highlighting how individuals can build wealth in real estate by becoming lenders rather than landlords. Through Matt's insights, listeners will explore the strategic benefits of debt investing, including risk management, investment returns, and the evolving landscape of real estate financing.   Matt Rodak is the CEO and Founder of Fund That Flip, which was founded in 2014. Matt developed the premise of this fintech company because he was struggling to get access to stable, reliable, and fast capital for his own real estate projects. Since then, Fund That Flip has grown into an end-to-end financial technology platform that helps real estate entrepreneurs and investors transform their neighborhoods and communities. Matt has been featured on the Bigger Pockets Business Podcast, Forbes magazine, and countless other publications.   [00:00:00-00:05:00] The Genesis of Upright: Matt Rodak's transition from real estate enthusiast to debt investing pioneer.   Matt's early exposure to real estate through a landscaping business. The motivation behind creating a platform for debt investing. The impact of peer-to-peer lending on Matt's investment strategy.   [00:05:00-00:10:00] Debt vs. Equity: Analyzing the pros and cons from an investor's perspective.   The fundamental differences between debt and equity investing. Risk and return profiles of debt investments. The concept of loan-to-value ratios and their significance.   [00:10:00-00:15:00] Navigating Rising Interest Rates: Adapting strategies in a fluctuating economic environment.   Impact of federal rate changes on debt investing. The evolution of interest rates in Matt's lending practice. How Upright remains competitive and relevant amidst economic shifts.   [00:15:00-00:20:00] Project and Borrower Selection: The underwriting process and criteria for successful lending.   Importance of experience in potential borrowers. The shift towards new construction financing. How Upright evaluates and selects projects for investment. [00:20:00-00:25:00] Future of Single-Family Housing: Predictions for the next decade in real estate.   Demographic trends influencing housing demand. Challenges and opportunities in single-family housing development. Matt's vision for Upright and the real estate market. Book recommendation: How to Win Friends and Influence People Who inspires Matt?: His sons. Quotes:   "We think there's a very long tailwind... around single-family housing." - Matt Rodak   "You can always make more money, but you can't make more time." - Matt Rodak   Connect with Matt:   Website: https://www.upright.us/   Apply to Invest with Taylor at www.investwithtaylor.com Track your wealth for free with Personal Capital, go to www.escapingwallstreet.com Please leave a review and help others escape Wall Street and build wealth on Main Street!

Brandon Hall's Twitter post: https://twitter.com/bhallcpa/status/1757117679180148949 In the latest episode of the Passive Wealth Strategy Show, host Taylor dives into the critical topic of tax strategies and investing advice, particularly those trending on social media platforms like TikTok. The conversation revolves around a cautionary tale; an investor who lost an IRS tax case from taking misinformed advice online about luxury car deductibles. The episode calls attention to the importance of seeking professional advice when navigating the nuances of real estate tax laws to avoid potential pitfalls. Taylor emphasizes the risks of following trending tax advice without proper guidance by highlighting CPA Brandon Hall's thread about a businessman's tax court misadventure. The episode is enriched with crucial steps about correctly documenting business vehicle deductions, reinforcing the notion that real estate offers tax advantages only when leveraged correctly with the help of a professional.

What are the key differences investors should know about when considering self-storage opportunities - from small "mom & pop" facilities to large portfolios owned by REITs?   Self-storage expert investor Tom Flannigan shares his deep knowledge of the self-storage investment landscape, including the pros and cons of small versus large operators, how to evaluate market supply and demand dynamics, passive investing considerations, and more.   Tom Flannigan is the Argus Self Storage Advisors affiliate for Minnesota, Iowa, and the Dakotas. Since 2012, he has specialized in the ac­quisition, disposition and evaluation of self storage properties of all types and sizes. Tom has successfully represented sellers and buyers of properties ranging from $300K to over $18 million. Tom is the Managing Director of Area CRE Services in Minneapolis and leads a team of Storage Advisors responsible for selling over $500 million of self storage facilities in the Midwest. [00:02:00] Types of Self Storage Owners   REITs focus on major markets and stabilized assets in large portfolios Deals under $10M are common, with many under $3M - good for smaller buyers Direct investing requires operational capabilities - rentals, maintenance, etc.   [00:05:00] What REITs Look For   REITs pay top dollar for stabilized deals in big portfolios Not interested in heavy lifts or value-add deals Creates opportunities for mid-sized and smaller operators   [00:09:00] Evaluating Market Supply   Focus more on achieved rental rates vs. supply metrics Do rental rate surveys to estimate actual market rates Be wary of posted web rates vs. actual rates   [00:13:00] Why Invest Passively   Hands-off wealth building compared to direct operating Don't have to deal with maintenance, tenants, etc. Can get exposure alongside experienced sponsors   [00:16:00] Evaluating Passive Deals   Deal terms - return splits, fees charged matter Sponsor track record essential Total package - deal, terms, sponsor Book recommendation:  The 7 Habits of Highly Effective People Who inspires Tom?: His mentors Quotes:   "At least half of [self-storage] transactions across the country are going to be under $3 million and a lot of those even under $2 million." - Tom Flannigan   "I would be much more fixated on whether the market is achieving 60, 70. 20 per square foot versus like a dollar, 1. 20 per square foot. That's a huge difference." - Tom Flannigan Connect with Tom: Website: https://www.selfstorage.com/ X: https://twitter.com/TomStorage Apply to Invest with Taylor at www.investwithtaylor.com Track your wealth for free with Personal Capital, go to www.escapingwallstreet.com Please leave a review and help others escape Wall Street and build wealth on Main Street!

Investing with Taylor at www.investwithtaylor.com Manage your properties with Stessa at https://stessa.sjv.io/c/2425882/1152983/14113   In this episode, Ed O. Bridgman, an RV destination investing expert, shares insights into the booming RV destination industry. He discusses his background in electrical engineering and business administration, as well as his experience in applying Six Sigma principles. Ed explains the five types of RV destinations, including RV parks, campgrounds, resorts, communities, and hybrids. He highlights the growing demand for RV sites and the need for more RV destinations to bridge the supply-demand gap. Ed also provides resources for learning about RV park investing and shares his book recommendation, 'The Goal' by Eliyahu Goldratt. Takeaways The RV destination industry is experiencing double-digit growth, fueled by younger and more diversified Americans. There are five types of RV destinations: RV parks, campgrounds, resorts, communities, and hybrids. The most in-demand RV destination type is the community, as more people choose to live in their RVs for longer periods of time. There is a significant gap between the supply of RV sites and the demand, creating investment opportunities in the RV space. Chapters 00:00 Introduction to RV Destination Investing 05:22 The Five Types of RV Destinations 18:13 Investment Trends in the RV Space 22:35 Resources for Learning about RV Park Investing 24:49 Three Questions for the Guest

Have you ever wondered how a strong online presence could be the game-changer in your real estate investment journey?   In this insightful episode of the Passive Wealth Strategy Show, host Taylor Loht invites Todd Heitner, the founder of Apartment Investor Pro, to explore the vital role of online marketing in real estate investing. Todd shares his journey into creating a platform that simplifies and enhances the online presence for investors, emphasizing the importance of credibility, professionalism, and effective communication with potential investors. Through engaging discussions, they delve into the challenges of website creation, the impact of AI on content generation, and strategic tips for utilizing social media and SEO to attract and retain investors. This episode is a treasure trove of wisdom for real estate syndicators and investors looking to leverage the power of the internet to scale their business.   The ideas man that loves technology. Entrepreneurial by nature and always hated the idea of being tied down to a job, he has been designing websites for real estate investors for over 18 years. Todd and Amy invest passively in multifamily real estate. Todd grew up on a cattle ranch in Oklahoma, but was quick to figure out that was not the life for him.   [00:00:00 - 00:03:00] The Digital Foundation: Todd Heitner discusses the inception of Apartment Investor Pro and the importance of a strong online presence for real estate investors. Credibility and professionalism are crucial for attracting investments. Challenges of DIY website creation include underestimating content development and maintaining consistency. A professional website can significantly shorten the investor's journey from interest to commitment.   [00:04:00 - 00:07:00] Navigating the AI Landscape: Todd shares insights into how AI tools can revolutionize content creation for real estate marketing. AI can save time and costs in content creation but requires careful management. The quality of AI-generated content hinges on the input and training it receives. AI is reshaping how investors engage with potential clients through digital content.   [00:08:00 - 00:11:00] Streamlining with Integrations: The conversation shifts to how integrating CRMs and automation tools can streamline investor relations and marketing efforts.   Effective use of CRMs and automation can enhance investor engagement and follow-ups. Integration tools like Zapier facilitate seamless connectivity between different platforms. Planning and implementation of automation strategies can significantly impact investor communication.   [00:12:00 - 00:15:00] Optimizing for the Future: Todd and Taylor discuss website performance, including speed and mobile optimization, as critical factors for SEO and user experience. Site speed and mobile optimization are increasingly important for Google rankings. User experience directly impacts the effectiveness of online real estate marketing. Continuous monitoring and updating of website performance are necessary for maintaining visibility.   [00:16:00 - 00:19:00] The Investor's Perspective: Todd highlights what investors look for in a syndicator's website, from the "About Us" page to ensuring the site's functionality. An informative "About Us" page builds trust with potential investors. Clarity and functionality of the website facilitate investor decisions. Regular checks on website links and features prevent missed opportunities. Book recomendation: Emotional Intelligence 2.0 Who inspires Todd?: Other entrepreneurs, being surrounded by more successful people.  Quotes:   "Credibility is everything, and you have to be taken seriously." - Todd Heitner   "If you're not planning your marketing strategy, you're planning to fail in your investment goals." - Todd Heitner   Connect with Todd:   Website: https://apartmentinvestorpro.com/   Apply to Invest with Taylor at www.investwithtaylor.com Track your wealth for free with Personal Capital, go to www.escapingwallstreet.com Please leave a review and help others escape Wall Street and build wealth on Main Street!

Can facing financial ruin be the greatest lesson in building sustainable wealth?   In this episode, Taylor Loht welcomes Rod Khleif, a seasoned real estate investor with a history of owning over 2,000 properties and a dramatic comeback story from losing $50 million in 2008. Khleif shares invaluable insights into the real estate market, emphasizing resilience, strategic investment, and the power of mindset in overcoming adversity. With a focus on multifamily properties and a keen eye on market trends, Khleif offers listeners a masterclass in leveraging real estate for long-term wealth, despite economic downturns.   Rod Khleif is an entrepreneur, real estate investor, multiple business owner, author, mentor and community philanthropist. He is passionate about business, life, success and giving back.As one of the country's top real estate investors, Rod has personally owned and managed over 2,000 properties. Rod is Host of the Top-Ranked iTunes Real Estate Podcast - "The Lifetime Cash Flow Through Real Estate Investing Podcast" - which has been downloaded almost 6 million times, and Founder of the Lifetime Cash Flow Academy.As a community philanthropist, Rod founded and directs The Tiny Hands Foundation, which has benefited more than 65,000 community children and families in need.Khleif has combined his passion for real estate investing coaching and training with his personal philosophy of goal setting, envisioning and manifesting success to become one of America's top real estate investment trainers. [00:00:00-00:05:00] The Art of Resilience: Rod Khleif's journey from significant loss to a triumphant return in real estate.   Importance of mindset in overcoming financial setbacks. The resilience of multifamily properties as an investment class. Strategic investment and education as tools for recovery.   [00:05:00-00:10:00] Market Predictions and Investment Strategies: Navigating bearish trends with optimism.   The significance of market trends on investment decisions. Anticipating and preparing for economic downturns. Opportunities in adversity: finding value in challenging times.   [00:10:00-00:15:00] The Power of Education in Real Estate: Leveraging knowledge and community for success.   The role of mentorship and education in real estate investing. Building a supportive community for growth. The impact of teaching on personal and professional development.   [00:15:00-00:20:00] Economic Forecasts and Real Estate Dynamics: A deep dive into the factors influencing the market.   Analyzing economic indicators for investment foresight. The role of government policies in real estate trends. Preparing for the future with a cautious yet opportunistic approach.   [00:20:00-00:25:00] Mindset, Mastery, and Moving Forward: Harnessing personal development for business success.   The crucial role of mindset in achieving success. Strategies for personal and professional growth. The importance of goal setting and persistence in adversity. Quotes:   "When you focus on your strengths in real estate, work becomes play." - Rod Khleif   "I've learned that the most important aspect of investing isn't the market; it's the mindset you bring to it." - Rod Khleif   Connect with Rod:   Website: https://rodkhleif.com/   Apply to Invest with Taylor at www.investwithtaylor.com Track your wealth for free with Personal Capital, go to www.escapingwallstreet.com Please leave a review and help others escape Wall Street and build wealth on Main Street!

Want to learn about what Taylor's up to? Go to www.investwithtaylor.com Taylor has now interviewed 700 real estate investors. He's learned many great lessons, but this episode highlights probably the most important common trait that sets the most successful investors apart from those who fail to launch.

Did you know the average age of an RV owner in the United States is now 32, a significant shift from 62 a decade ago?    What does this radical change signify for the future of luxury RV communities and real estate investment?   In this enlightening episode of the Passive Wealth Strategy Show, host Taylor Loht engages with Ben Spiegel, a seasoned real estate investor with a flair for unconventional investments. Ben delves into his journey from working in investment banking to real estate, eventually finding a niche in luxury RV communities. He shares insights on the shifting demographics of RV owners, the supply-demand imbalance in RV parks, and the compelling economics behind investing in these communities. The discussion also uncovers the unique challenges and opportunities in developing luxury RV destinations, highlighting the intersection of real estate investment and lifestyle trends.   Benjamin Spiegel boasts a decade-long track record as a highly successful special situation investor, specializing in diverse asset classes. His expertise spans commercial real estate, direct lending, and private equity, with a proven history of deploying over $500 million across various firms. As the Founder and General Partner of Redwood Capital Advisors, LLC, Benjamin's primary focus revolves around lower-middle-market commercial real estate and capital raising.    (00:00:00 - 00:05:00) The Evolution of a Real Estate Investor    The importance of starting small and scaling in real estate Leveraging professional experience for investment insights The value of diversification in real estate portfolio   (00:05:01 - 00:10:00) Discovering the Niche: Luxury RV Communities    Identifying and capitalizing on emerging real estate trends Understanding demographic shifts for investment decisions The appeal of luxury amenities in RV communities   (00:10:01 - 00:15:00) Supply-Demand Dynamics in RV Investments    Recognizing supply-demand gaps as investment opportunities Adapting to changing work and lifestyle trends Importance of location and amenities in RV community success    (00:15:01 - 00:20:00) Strategic Development and Location Selection   Strategic location selection for maximum impact Balancing cost and luxury in development Importance of understanding local regulations and incentives   (00:20:01 - 00:25:00) Financial and Tax Implications    Navigating financing options for real estate projects Leveraging government incentives for investment advantage Tax strategies in real estate investment Book recommendation: Investment Banking: Valuation, Leveraged Buyouts, and Mergers and Acquisitions Who inspires Ben?: Making his investors happy!   Quotes:   "The average age of an RV owner in the United States is now 32, a dramatic shift from a decade ago." - Ben Spiegel   “In real estate, the only thing you can control is your cost basis." - Ben Spiegel   Connect with Ben:   Website: https://redwoodcapitaladvisors.com/ Apply to Invest with Taylor at www.investwithtaylor.com Track your wealth for free with Personal Capital, go to www.escapingwallstreet.com Please leave a review and help others escape Wall Street and build wealth on Main Street!  

Investing with Taylor at www.investwithtaylor.com Stessa to manage your properties https://stessa.sjv.io/c/2425882/1152983/14113 In this episode, Taylor interviews Ben Frazier, the Chief Investment Officer of Aspen Funds, about oil and gas investing. Ben explains Aspen Funds' approach to investing in multi-asset classes, including real estate and oil and gas. He discusses the unique dynamics of the oil and gas space, such as the impact of green energy initiatives on fossil fuel production. Ben emphasizes the importance of understanding the risks and opportunities in the oil and gas industry and highlights the need for sophisticated operators and well-capitalized sponsors. He also addresses the sensitivity of the investment model to commodity prices and interest rates. Takeaways Oil and gas investing requires a deep understanding of the industry and its unique dynamics. Investors should be cautious of bad actors and exaggerated claims in the oil and gas space. Investing in existing producing wells can reduce risk compared to investing in drilling programs. Hedging can help mitigate the volatility of commodity prices in oil and gas investments. Interest rates and leverage should be carefully considered in oil and gas investment strategies. Educating oneself through resources like podcasts and masterclasses is crucial before investing in oil and gas. To achieve long-term success, focus on consistent improvement and slightly outperforming others in the industry.

Have you ever wondered about the intricate balance between enjoying a vacation home with your family and maximizing its potential as a profitable rental property?   In this enlightening episode of the Passive Wealth Strategy Show, host Taylor chats with Tia Lilly, a seasoned real estate expert specializing in waterfront properties in Cape Cod. They delve into the nuances of owning a vacation rental, managing it as a secondary home, and the financial and personal considerations involved. The conversation uncovers the hidden complexities and joys of vacation property ownership, offering invaluable insights for anyone considering this unique form of investment.   Over the course of Tia's 17-year career as a realtor, she has had the pleasure of working with numerous buyers in search of their dream waterfront homes, which has not only enhanced her local knowledge but also solidified her reputation as a waterfront specialist. Tia is known for facilitating record-high sales of waterfront property in Cape Cod, but it's her dedicated, service-oriented approach to business that sets her and her business apart. She emphasizes equal care and attention for all, and strives to maintain relationships with past clients. Tia has worked tirelessly to bring Property Cape Cod to where it is today: a small boutique firm that remains steadfast to its service-oriented values.   (00:00-05:00) Introduction to Vacation Rentals  Understanding the appeal and challenges of owning a vacation rental. The importance of location in rental property success. The balance between personal use and rental income generation.    (05:01-10:00) Maximizing Rental Returns Strategies for selecting the right property for high rental yield. Seasonal considerations in maximizing rental income. Managing tenant quality and avoiding property damage.   (10:01-15:00) Impact of Market Trends on Rentals  The effect of COVID-19 on the vacation rental market. Importance of choosing a profitable location. Insights on the changing dynamics in vacation rental demand.   (15:01-20:00) Navigating Regulatory and Insurance Issues  Dealing with regulatory challenges and community perspectives. Understanding the role of platforms like Airbnb in the market. Insurance considerations for waterfront properties.   (20:01-24:00) Personal and Financial Considerations Deciding between a pure second home vs. a vacation rental. Balancing personal enjoyment with financial returns. The significance of long-term planning and investment protection. Quotes:   "Live life, enjoy it... It's great to make money and have wealth, but you want that balance." - Tia Lilly   "There are opportunities there for the Cape to own a home and just enjoy it with your family and let the appreciation work for you." - Tia Lilly   Connect with Tia: Website: https://propertycapecod.com/ Apply to Invest with Taylor at www.investwithtaylor.com Track your wealth for free with Personal Capital, go to www.escapingwallstreet.com Please leave a review and help others escape Wall Street and build wealth on Main Street!

How can someone successfully juggle a demanding career in law enforcement, entrepreneurship in real estate, and a fulfilling family life?   In this captivating episode of the Passive Wealth Strategy Show, host Taylor Loht invites Kevin Bell, a multifaceted individual balancing roles as a real estate investor, police officer, father, and entrepreneur. The conversation delves into Kevin's unique approach to managing his diverse responsibilities. The episode provides a deep dive into effective time management strategies, the importance of leveraging technology like virtual assistants, and the personal motivations driving Kevin's success. It's an enlightening discussion for anyone striving to balance professional growth with personal commitments.   Kevin Bell is a dad to two incredible and wild little girls and a husband to a wife out of his league. He's a police officer during the day,  but as soon as that shift ends, he takes off his badge and puts on his entrepreneur hat to burn the midnight oil.  [00:00:00 - 00:02:00] Introduction to Kevin Bell Kevin's background as a real estate investor, police officer, and father. Balancing family life with professional responsibilities. Key Takeaways: Importance of prioritizing, balancing multiple roles, and the value of family in driving ambition.   [00:02:00 - 00:06:00] Real Estate Ventures and Self-Storage Facilities  Insights into Kevin's self-storage facility projects. The blend of real estate assets and business strategy.    [00:06:00 - 00:10:00] The Virtual Assistant Agency Origin and operation of Kevin's virtual assistant agency. How accidental ideas can turn into successful business ventures. Entrepreneurial agility, value of virtual assistants, and turning challenges into opportunities.   [00:10:00 - 00:20:00] Effective Time Blocking and Work-Life Balance  Strategies for time management in personal and professional life. How Kevin maintains focus and efficiency. Importance of time blocking, work-life balance, and the role of family in life management.    [00:20:00 - 00:30:00] Ideation and Entrepreneurial Mindset Handling new ideas and maintaining an entrepreneurial spirit. Techniques for capturing and nurturing business ideas. Managing entrepreneurial thoughts, importance of note-taking, and balancing creativity with practicality. Book recommendation: Rich Dad Poor Dad by Robert Kiyosaki Who inspires Kevin?: His wife and two daughters.   Quotes:   "My main focus is my family... they are why I do everything." - Kevin Bell   "If you want to go as big as we want to go, you need to be able to work on the business and not in it." - Kevin Bell   Connect with Kevin:    Websites: https://entrepreneurbraindump.com/ Kevinbellco.com   Apply to Invest with Taylor at www.investwithtaylor.com Track your wealth for free with Personal Capital, go to www.escapingwallstreet.com Please leave a review and help others escape Wall Street and build wealth on Main Street!

Jeff Bezos on Lex Fridman: https://www.youtube.com/watch?v=DcWqzZ3I2cY&ab_channel=LexFridman  Alex Hormozi's Productivity Routine: https://twitter.com/AlexHormozi/status/1722682842797490365?lang=en    In this episode, Taylor discusses the overrated nature of morning routines and how they won't make you rich. He traces the origin of the morning routine trend and highlights that many successful people did not have established morning routines until after they became successful. Taylor provides examples of successful entrepreneurs' routines and shares his own minimalistic morning routine.    He emphasizes that morning routines are not necessary for success and cautions against feeling disempowered without one. Instead, he encourages listeners to focus on their own path and the work required for success. Morning routines won't make you rich - you still have to do the work! Many successful people did not have established morning routines until after they became successful.    

Can a high-earning professional like a doctor truly achieve financial freedom through real estate investing, and how does this journey reshape their understanding of wealth and success?   In this episode of the Passive Wealth Strategy Show, host Taylor Loht engages with Tom Burns, an orthopedic surgeon turned real estate investor, known as the 'rich doctor'. Tom shares his journey of building wealth and achieving financial independence through real estate while balancing his medical career and family life. He delves into the importance of passive income, the challenges he faced, and how he overcame them. This conversation is particularly insightful for high-earning professionals who are yet to reach their full financial potential and are curious about real estate investment.   Tom Burns, a retired orthopedic surgeon and entrepreneur, has made a significant impact in both the medical and real estate fields. As a former physician for the United States Ski Team, Tom co-founded RNB Capital Partners in 2009 and Presario Ventures in 2017, focusing on multifamily acquisitions, development, and private equity real estate investments. With a remarkable track record of managing over $750 million in real estate transactions globally, he has led Presario Ventures in overseeing projects worth $650 million across Texas and the Sunbelt region. Apart from his professional pursuits, Tom is the best-selling author of "Why Doctors Don't Get Rich," a guide to personal finance and living life fully. Though retired from active medical practice, he continues to volunteer for the United States Ski Team, and is renowned as a speaker, mentor, and educator, with a passion for travel and global exploration.   [00:02:00 - 00:06:00] The Awakening to Financial Freedom  Tom's realization of the need for income beyond medicine. The first steps into real estate investment. The gradual transition from active medical practice to focusing more on real estate.   [00:06:00 - 00:10:00] Scaling Up: From Small Investments to Major Projects  Transition from small properties to larger developments. The role of partnerships in scaling up investments. Managing the balance between risk and opportunity in real estate.    [00:10:00 - 00:14:00] Financial Independence: Beyond the Salary   Financial independence offers more than monetary benefits; it gives time freedom. Passive income is a powerful tool for achieving long-term financial security. The journey to financial independence requires patience and consistency.    [00:14:00 - 00:18:00] Challenges and Overcoming Fear   Education and experience are crucial in mitigating investment fears. Every challenge in real estate offers a learning opportunity. Effective risk management is essential for investment success.    [00:18:00 - 00:22:00] Work-Life Balance: Family, Career, and Investing   Family should always be a priority, regardless of career or investment success. Effective time management is key to maintaining balance. Real estate investment can be a family-inclusive journey.    Quotes: "You can get paid $10,000 an hour, but if you don't have the ability to give that hour, you're not going to get paid." - Tom Burns   "Wealth is a lot of things. Wealth is money for sure. That's a tool that can help you get the other pillars of wealth, which is your health, your relationships, your family, your spirituality, travel, and all that sort of thing that helps you grow as a person." - Tom Burns   Connect with Tom: Website: https://presarioventures.com/our-team/   Apply to Invest with Taylor at www.investwithtaylor.com Track your wealth for free with Personal Capital, go to www.escapingwallstreet.com Please leave a review and help others escape Wall Street and build wealth on Main Street!  

Investing with Taylor at www.investwithtaylor.com Manage your properties with Stessa at https://stessa.sjv.io/c/2425882/1152983/14113 Dr. Axel Meierhoefer, a real estate investor, discusses achieving time freedom through investing in real estate. He explains the concept of time freedom and how to calculate the amount of passive income needed to achieve it. Dr. Meierhoefer also shares insights on what to do after reaching time freedom and how to approach the investment process. He emphasizes the importance of a long-term investment horizon and provides book recommendations and inspiration for aspiring investors. Lastly, he offers advice to his younger self and shares his contact information for those interested in learning more. Chapters 00:00 Introduction and Background 03:29 Defining Time Freedom 09:15 What to Do After Reaching Time Freedom 16:47 Investing in Real Estate for Time Freedom 21:04 Long-Term Investment Horizon 29:28 Book Recommendations and Inspiration 31:12 Advice to Younger Self 31:58 Contact Information

How is modern technology revolutionizing the real estate syndication space, and what impact does this have on investors and general partners?   In this episode of the Passive Wealth Strategy Show, host Taylor Loht interviews Andy Creebar, the founder of a real estate technology company aimed at transforming real estate syndications. They delve into how Andy's company is streamlining operations for general partners and improving the investment experience. The conversation covers the evolution of technology in real estate, the challenges faced by syndicators, and the future of real estate investments in the context of emerging technologies.    Andy Crebar is a highly experienced professional with 12.8 years of work experience in the financial services industry. He has a strong background in cho and services, and is currently working with an all-star team to unlock the potential of real estate investing. Andy has held various leadership positions, including Co-Founder & CEO at HoneyBricks and Sapling, and Chief of Staff at Credible. He also has experience in investment banking and has worked at Macquarie Group and GE. Andy's expertise and dedication make him a valuable asset in the field of financial services.    [00:00:00 - 00:05:00] The Genesis of Innovation in Real Estate Andy's early exposure to real estate through his architect father. His journey from buying his first property to diving into real estate syndications. The inception of his company to facilitate real estate investments.   [00:05:01 - 00:10:00] Technology: A Catalyst in Real Estate Syndication    The complexity of managing real estate investments and how technology simplifies it. The transition from traditional to modern methods of transaction. The role of GP Flow in streamlining these processes.   [00:10:01 - 00:15:00] Overcoming Industry Challenges    Discussion on the impact of cybersecurity in real estate transactions. The slow adoption of new technologies in the industry. How GP Flow addresses these emerging needs.   [00:15:01 - 00:20:00] Strategies for Scaling in Real Estate Different challenges faced by new and experienced syndicators. Importance of investor acquisition and management. Leveraging technology for efficient marketing and scaling.    [00:20:01 - 00:25:00] Vision and Future of Real Estate Technology Long-term vision for GP Flow and the real estate market. Potential future integrations like AI in managing complex transactions. Ethical considerations and responsibilities of technology providers in real estate.   Quotes:   "Real estate is an incredible vehicle for building and compounding wealth." – Andy Creebar   "Technology is moving so quickly, making things that were impossible a decade ago achievable now." – Andy Creebar   Connect with Andy:   Website: https://www.gpflow.com/   Apply to Invest with Taylor at www.investwithtaylor.com Track your wealth for free with Personal Capital, go to www.escapingwallstreet.com Please leave a review and help others escape Wall Street and build wealth on Main Street!

Can seller financing in real estate offer a more equitable path to homeownership, and how does it change the game for both investors and homebuyers? In this insightful episode of the Passive Wealth Strategy Show, host Taylor Loht invites real estate expert Jerry Fetta to delve into the nuances of passive seller financing in real estate investing. Jerry unveils his unique approach, which allows him to be a passive investor while making a significant social impact. This discussion navigates through the intricacies of seller-financed real estate, the importance of aligning capital with purpose, and how this model can benefit both investors and homebuyers in the current market.   Jerry Fetta is the owner and founder of Wealth DynamX. He and his team help thousands of families across the country simplify their money so they can stop losing out on dollars to debt, taxes, and financial institutions and instead keep and use those dollars to build wealth now. Jerry is passionate about helping families become financially educated and wealthy so they can navigate their economic futures with certainty and help build more prosperous communities around them.   By the age of 28 Jerry had built a multi-million company, achieved a personal net worth of greater than $ 1 million and operated several companies. Jerry has been married to his wife Lexy for 9 years.    (00:00:00 - 00:05:00) Introduction to Seller Financing    Seller financing as a unique real estate investment model. The benefits of being a 'bank' in real estate transactions. The process of passive investing in real estate through seller financing.   (00:05:00 - 00:10:00) Exploring the Seller Financing Model    Comparison with traditional real estate investment models. The process of selecting properties and engaging with potential buyers. Advantages of seller financing for investors in terms of control and risk management.   (00:10:00 - 00:15:00) Operational Mechanics of Seller Financing    The role of a Turnkey company in managing properties and escrows. Benefits of outsourcing operational tasks in real estate investing. Strategies for scaling real estate portfolios effectively.   (00:15:00 - 00:20:00) Financial Aspects and Investment Strategy    Insights into the initial capital investment and returns in seller financing. Strategies for optimizing investment through life insurance policies. The long-term financial outlook and benefits of seller-financed investments.   (00:20:00 - 00:23:00) Social Impact and Future Perspectives    Seller financing as a tool for social change and empowerment. Various exit strategies for investments and their impact on families. Jerry's vision for the future of seller financing in real estate.   Quotes:   "Never trade time for the same dollar twice." - Jerry Fetta   "When more good people have control of the capital on planet Earth, better things happen." - Jerry Fetta   Connect with Jerry:   Website: https://jerryfetta.com/   Apply to Invest with Taylor at www.investwithtaylor.com Track your wealth for free with Personal Capital, go to www.escapingwallstreet.com Please leave a review and help others escape Wall Street and build wealth on Main Street!

Through a candid discussion, Taylor urges listeners to carefully consider the sources of their inspirations, especially regarding their objectives in life, family, and business ventures. He delves into the importance of aligning one's values with those of their mentors, advocating for a more balanced model of success that encompasses both personal and professional domains. This episode invites listeners to engage in self-evaluation on who influences their decisions and whether these influencers embody the holistic success they aspire to achieve.

Can a young, ambitious real estate agent triumph in today's challenging market by leveraging unique strategies like property auctions?   In this enlightening episode of the Passive Wealth Strategy show, host Taylor Loht interviews Dylan Onorevole, a 21-year-old realtor who has made remarkable strides in the real estate industry. Dylan shares a compelling case study of a recent auction-based property deal, offering valuable insights into navigating the fluctuating real estate market. The episode delves into Dylan's journey, overcoming age-related challenges and leveraging his unique perspective to succeed in a highly competitive field. This conversation is a treasure trove of strategies, mental tools, and practical advice for young and aspiring real estate professionals.   Dylan is an overall real estate enthusiast; working as a licensed realtor with eXp Realty, wholesales real estate, dabbles in property management, and is an inspiring real estate investor. He believes real estate is his way to freedom and wants to take as many people as he can with him. Expressing the possibilities of real estate along with speaking with business owners in his podcast "The Pursuit Show". [00:00:00 - 00:03:00] The Young Realtor's Journey    The importance of family influence and early exposure to the industry. Overcoming the hesitation of starting young in real estate. The shift from formal education to a full-time real estate career.    [00:03:00 - 00:06:00] A Deep Dive into Auction Deals   Utilizing online platforms like HubZoo for property auctions. The strategic approach to bidding and securing properties. The benefits of auctions in a competitive market.    [00:06:00 - 00:10:00] Assessing and Executing the Deal Evaluating property potential without physical visits. Navigating the complexities of auction purchases. Cost assessment and investment strategies.   [00:10:00 - 00:14:00] Challenges and Learning Curves  Managing unexpected hurdles in auction deals. Learning the intricacies of local real estate markets. Importance of comprehensive pre-auction research.    [00:14:00 - 00:18:00] Youth, Experience, and Real Estate Overcoming the stereotype of inexperience due to youth. Building credibility and relationships in the industry.  Strategies for young realtors to establish themselves.   Quotes:   "If I can make it through this time, I can make it through any time." - Dylan Onorevole   "You have to have that kind of cocky attitude where it's 'I'm better than some of these realtors who have been in the industry for 10 years plus.'" - Dylan Onorevole   Connect with Dylan:   Instagram: https://www.instagram.com/dorealestate.nj/?hl=en   Apply to Invest with Taylor at www.investwithtaylor.com Track your wealth for free with Personal Capital, go to www.escapingwallstreet.com Please leave a review and help others escape Wall Street and build wealth on Main Street!  

Investing with Taylor: www.investwithtaylor.com Manage your properties with Stessa https://stessa.sjv.io/c/2425882/1152983/14113 Jonah Hall is an experienced self-storage investor who specializes in converting existing properties into climate-controlled self-storage units. He started his journey in self-storage in 2017 and has since completed 20 conversion projects. Jonah focuses on secondary markets and leverages technology to streamline operations and provide a self-service experience for customers. He is known for his expertise in remote management and has built a team to handle the day-to-day operations of his properties. Episode Summary: Jonah discusses the benefits of adaptive reuse projects and how they offer a prime location and higher quality building compared to ground-up construction. He also explains the process of evaluating supply and demand in a market before undertaking a conversion project. The conversation then shifts to the technology-enabled management of Jonah's properties. He highlights the use of digital locks and a comprehensive tech stack that allows for remote management and a self-service rental process. Jonah emphasizes the scalability and cost-effectiveness of these technologies and how they contribute to the bottom line of his properties. Finally, the episode explores Jonah's exit strategy and the challenges of selling properties with advanced technology to buyers who may not be ready to adopt it. Jonah shares his approach of partnering with established software and hardware vendors to ensure the transferability of the technology stack. He also discusses the potential buyers for his properties, including REITs and private equity groups. Key Takeaways: Converting existing properties into climate-controlled self-storage units offers prime locations, higher quality buildings, and cost savings compared to ground-up construction. Evaluating supply and demand in a market is crucial before undertaking a conversion project, especially in underserved secondary markets. Technology-enabled management, including digital locks and a comprehensive tech stack, allows for remote operations and a self-service rental process. The use of technology streamlines operations, reduces expenses, and improves the customer experience, leading to higher occupancy rates and profitability. When planning an exit strategy, it is important to consider the transferability of the technology stack and cater to potential buyers' preferences and needs.

How can the pursuit of real estate investment transform the life of someone looking for financial stability and passive income, especially for those in demanding professions like firefighting and EMT work? In this episode of the Passive Wealth Strategy Show, host Taylor Loht interviews Jon Paul Kessinger, a former firefighter and EMT turned real estate investor and property manager. John Paul shares his journey from the high-stress, time-consuming world of firefighting to achieving financial stability through real estate investment. He delves into the challenges and successes of his first real estate deal, the importance of relationships in the real estate industry, and his transition into property management. This episode is a treasure trove of insights for anyone looking to make their first foray into real estate investment or seeking to expand their portfolio. [00:00:00 - 00:05:00] The Transition from Firefighting to Real Estate Jon Paul's motivation for finding passive income streams. His first steps into real estate investment. Overcoming financial barriers in starting real estate investing .  [00:05:01 - 00:10:00] First Real Estate Deal: Challenges and Learnings The process of evaluating and financing the first property. The importance of networking in finding real estate deals. Learning from initial mistakes and the value of persistence.   Building a Real Estate Portfolio [00:10:01 - 00:15:00]   Strategies for scaling up the real estate portfolio. The role of relationships in acquiring new properties    [00:15:01 - 00:20:00]Managing Risks and Opportunities Navigating the complexities of property ownership and finance. The impact of external factors like interest rates on investment strategies. Balancing risks and rewards in real estate investment.   The Power of Integrity in Real Estate [00:20:01 - 00:25:00] Upholding integrity and ethical standards in business dealings. Building a reputation in the real estate community. Fostering beneficial relationships within the industry.   [00:25:01 - 00:30:00] Diversifying into Property Management    The transition from investor to property manager. Challenges and rewards of providing property management services. The importance of customer service and relationship management in property  Management.   Book recommendation: Rich Dad Poor Dad Who inspires Jon Paul?:  Jon's father.   Key Quotes: "The only real way to get stability is to get an asset that isn't going to fluctuate depending on politics or change depending on what the market's doing." - Jon Paul Kessinger   "I was more scared of if I didn't take action. What the next 10 years of my life would look like." - Jon Paul Kessinger   Connect with Jon Paul   Cellphone number: 304 931 26 32 Apply to Invest with Taylor at www.investwithtaylor.com Track your wealth for free with Personal Capital, go to www.escapingwallstreet.com Please leave a review and help others escape Wall Street and build wealth on Main Street!

How can investors adapt to the shifting landscape of office investments and occupancy trends?   In this insightful episode of the Passive Wealth Strategy Show, Taylor welcomes guest Danny Simard, a seasoned commercial property manager and Navy veteran. The discussion centers around the current state of the commercial real estate market, particularly offices, in the wake of the COVID-19 pandemic. Danny shares his expertise on the challenges and transformations in office investing, offering a unique perspective on pricing, occupancy, and the future of commercial spaces.     [00:01 - 07:24] The State of Office Investing Post-COVID Shift in office market dynamics since COVID Impact on pricing and occupancy rates Predictions for the future of office spaces   [07:25 - 14:30] Inside the World of Commercial Property Management Role and responsibilities in commercial property management Challenges faced in the current market Strategies for managing commercial properties effectively   [14:31 - 21:08] Navigating Market Distress and Opportunities Understanding market distress and its impact Identifying opportunities in a troubled market Strategies for capitalizing on current market conditions   [21:09 - 23:24] Owners' Perspectives and Market Reactions Insights into property owners' concerns and strategies Market reactions to current trends Long-term implications for property owners   [23:25 - 26:47] Closing Segment Future of commercial real estate investment Adapting strategies for changing markets Predictions and advice for upcoming trends     Quotes:   "In the office world, we are really stuck between a rock and a hard place." - Danny Simard   "With the right cost basis, anything's a good deal in real estate." - Danny Simard     Connect with Danny:   Website: https://craftbauer.com/team/danny-simard LinkedIn: Danny Simard Instagram: @dannysims     Apply to Invest with Taylor at www.investwithtaylor.com   Track your wealth for free with Personal Capital, go to www.escapingwallstreet.com   Please leave a review and help others escape Wall Street and build wealth on Main Street!

Empower Personal Finance: https://personalcapital.sjv.io/c/2425882/1488946/13439 (affiliate link) YNAB: https://youneedabudget.a4xxmk.net/c/2425882/869639/10892 (affiliate link) Monarch Money: https://www.monarchmoney.com/ Quicken Simplifi: https://www.quicken.com/products/simplifi/   With the recent shutdown of the app Mint, Taylor delves into alternative tools that offer similar functionalities to track and manage personal finances. Taylor begins by sharing a poignant personal anecdote: the most financially prudent decision he ever made was not an investment, but the habit of meticulously tracking his finances through Mint. As the narrative unfolds, the conversation pivots towards exploring other viable personal finance tracking apps that can effectively replace Mint, which includes an assessment of their features, benefits, and costs. The episode is filled with practical advice, geared towards helping listeners find the right tool to keep their financial health in check and grow their wealth.   Key Takeaways: Habit Formation: The practice of tracking personal finances can be transformative, as it provides clarity on income, expenses, and overall wealth growth. Mint's Shutdown: The episode acknowledges the end of Mint's service and the impact on users who relied on it for tracking their financial progress. Alternatives Explored: Taylor evaluates several personal finance tracking tools, including Empower Personal Wealth, YNAB (You Need A Budget), Monarch Money, and Quicken Simplifi. Criteria for Selection: Key factors for selecting a tracking app are customization options, price point, and ease of use, particularly for real estate investors. Final Choice: After careful consideration, Quicken Simplifi emerged as Taylor's chosen app due to its affordability, customizable features, and easy integration with various accounts.

How can embracing the principles of personal development and strategic marketing transform your journey towards success?   In this enlightening episode, host Taylor interviews Kyle Wilson, a former business partner of Jim Rohn and a pivotal figure in personal development and marketing. They delve into Kyle's unique journey from humble beginnings to becoming a mentor and influencer in personal development and real estate. The discussion covers a range of topics from the power of individual responsibility to the strategic aspects of marketing, offering a blend of wisdom from Kyle's experiences and lessons learned from legends like Jim Rohn. Kyle is currently promoting his latest book Success Habits of Super Achievers   Since 1989, Kyle Wilson has been a prominent figure in the personal development industry, promoting seminars with renowned speakers like Jim Rohn, Brian Tracy, and Og Mandino. He co-founded Jim Rohn International in 1993 and later launched YourSuccessStore.com, broadening the scope of personal development resources. Kyle now focuses on mentoring and marketing through LessonsFromExperts.com/Network. He has collaborated with legends such as Zig Ziglar and Robin Sharma, produced over 100 hours of content, co-authored a Chicken Soup book, and is known for his expertise in online marketing, product creation, and branding.     (00:00:00 - 00:05:00 The Foundation of Success  Personal responsibility as the cornerstone of success. The transformative power of life-changing events. The journey from small-town beginnings to business mastery.   (00:05:01 - 00:10:00) Partnership with Jim Rohn  The impact of a strategic partnership with Jim Rohn. The art of product creation and leveraging personal branding. Insights into the seminar business and personal development.   (00:10:01 - 00:15:00) Mastering Marketing Principles  The importance of context in marketing. Adopting principle-based marketing strategies. Navigating through the complexities of marketing models.    (00:15:01 - 00:20:00) Value and Relationships in Business   The significance of adding value in the marketplace. Building relationships based on mutual benefit. Strategic networking and its impact on business growth.   (00:20:01 - 00:25:00) Life Lessons and Legacy    Embracing life's essential truths from Jim Rohn's teachings. The role of authenticity and integrity in personal growth. Reflections on life, business, and the pursuit of fulfillment.   Quotes:   "The major key to your future is you." - Kyle Wilson "Success is predictable; it's like planting a seed." - Kyle Wilson   Connect with Kyle:   Website: Kylewilson.com     Apply to Invest with Taylor at www.investwithtaylor.com Track your wealth for free with Personal Capital, go to www.escapingwallstreet.com Please leave a review and help others escape Wall Street and build wealth on Main Street!  

Investing with Taylor: www.investwithtaylor.com   Stessa to manage your property: https://stessa.sjv.io/c/2425882/1152983/14113   Ian shares his insights on how to analyze deals, work with borrowers, and navigate uncertain markets. He emphasizes the importance of patience and caution in the current market conditions and advises potential lenders to wait for the right time to enter the lending space.  Ian also highlights the significance of due diligence, effective communication with borrowers, and the importance of keeping an open line of communication to avoid foreclosure situations. Key Takeaways: Private money lending and hard money lending are becoming synonymous in the industry, with private money lenders focusing on asset-driven lending and providing quick and easy financing options. The lending market has been impacted by increasing interest rates, leading to the closure of many low-rate lenders. Private lenders who rely on volume and lower pricing margins have faced challenges due to the decrease in housing inventory and buyers. Potential lenders should exercise caution and patience in the current market conditions. It is advisable to wait for the market to stabilize and start rising again before entering the lending space. Due diligence is crucial in analyzing deals, understanding repair budgets, and assessing borrower credibility. Experience and a deep understanding of the market are essential in making accurate assessments. Notable Quotes: "A rising market will make everyone look smart and make a lot of people think they're smarter than they are. It's best to remain humble and always think that the next six months the market's going to crash when you're a lender." - Ian Walsh "You can feel all that in a conversation. So I see that, right? And then all of a sudden I'll see something like, man, I'm sensing this person is not really sure what they're doing, bang, they send me over numbers like, hey, this house needs 30,000 in repairs to break it worth $350,000 or $400,000. And I'm going, no, without even batting an eye, it's a $100,000 repair budget. And I just know that." - Ian Walsh Resources: Ian Walsh's email: IAN@hardmoneybankers.com Hard Money Bankers website: hardmoneybankers.com