How much Money does it take to get started in a specific real estate investing niche? How much Knowledge does it take? How much Time does it take once you're up and running? And how Location dependent is it? Tune in each week to follow our journey and learn as we interview successful investors and e…
In the second part of our conversation with Clint Harris, we talk about how and why we are investing in self-storage. Clint is a successful active investor in short-term rentals, but he is transitioning into investing in self-storage. We talk about why he has made that shift, as well as the strengths of our partners at Nomad Capital. In This Episode We Cover: The Importance of Diversification into Passive Investing Assets The Similarities of the Technologic Shifts that are Happening in Self-Storage and Short-Term Rentals Who is Consuming Self-Storage Right Now? The Opportunities that the Decline in Big-Box Retail Presents for Self-Storage And much more! Schedule a Call with Us to Talk About Self-Storage http://www.roadtofamilyfreedom.com/selfstoragecall/ (Schedule a Call Here) Books and Resources Mentioned: The Road to Family Freedom: https://www.roadtofamilyfreedom.com/ (roadtofamilyfreedom.com) Follow Us: https://www.facebook.com/roadtofamilyfreedom/ (facebook.com/roadtofamilyfreedom/) https://www.instagram.com/roadtofamilyfreedom/?hl=en (instagram.com/roadtofamilyfreedom/) https://twitter.com/r2familyfreedom (twitter.com/r2familyfreedom) Other Stuff: If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests. For show notes and past guests, please visit https://www.roadtofamilyfreedom.com/episodes/ (roadtofamilyfreedom.com/episodes/) Discover the tools and services we use, visit https://www.roadtofamilyfreedom.com/ (roadtofamilyfreedom.com/resources/)
Clint Harris – a short-term rental investor and owner of Salt and Soul Property Management talks to Neil Henderson, the host of The Road to Family Freedom podcast. When we last spoke to Clint Harris in February of 2020, he owned 14 short-term rental units. In this episode, we talk to Clint about how he has scaled his portfolio to over 60 units under management. Clint has been a real estate investor for over a decade with his wife, starting with long-term single-family home investing but has since transitioned into short-term rentals, including their own house on the beach. In This Episode We Cover: The Top 3 Challenges a Short-Term Rental Investors Faces when Trying to Scale The importance of working ON your business, not IN your business Should you hire experienced short-term rental cleaners or regular cleaners and train them? Where are the best places to invest in short-term rentals today? And much more! Books and Resources Mentioned: The Road to Family Freedom: https://www.roadtofamilyfreedom.com/ (roadtofamilyfreedom.com) Facebook: https://www.facebook.com/clint.harris.3150 (Clint Harris) Instagram: https://www.instagram.com/clintstagram2020/ (@Clintstagram2020) Podcast: https://www.roadtofamilyfreedom.com/episodes/how-to-transition-from-long-term-to-short-term-rentals-with-clint-harris/ (Clint's Episode 35 Podcast with The Road to Family Freedom) Resource: https://www.airdna.co/ (AirDNA.co) Schedule a Call with Us to Talk About Self-Storage http://www.roadtofamilyfreedom.com/selfstoragecall/ (Schedule a Call Here) Follow Us: https://www.facebook.com/roadtofamilyfreedom/ (facebook.com/roadtofamilyfreedom/) https://www.instagram.com/roadtofamilyfreedom/?hl=en (instagram.com/roadtofamilyfreedom/) https://twitter.com/r2familyfreedom (twitter.com/r2familyfreedom) Other Stuff: If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests. For show notes and past guests, please visit https://www.roadtofamilyfreedom.com/episodes/ (roadtofamilyfreedom.com/episodes/) Discover the tools and services we use, visit https://www.roadtofamilyfreedom.com/ (roadtofamilyfreedom.com/resources/)
After serving almost six years in the Army, Darren Smith has spent the last eighteen years as a professional real estate investor. He has flipped, rented, and wholesaled hundreds of residential properties, and in recent years has purchased several million dollars of industrial properties as long-term holds. Darren's greatest achievement has been to surround himself with an incredible team of industry and military veterans who are every bit as passionate about helping people as he is. His biggest supporters are his wife Lauren and his son Henry. In This Episode We Cover: What is the best way to market for commercial real estate properties to purchase? The incredible story of how he earned a $500,000 wholesale fee on one property Why your marketing focus should be narrow and deep, not wide and shallow Why you should analyze every deal that you come across at the beginning of your real estate journey And much more! Books and Resources Mentioned: The Road to Family Freedom: https://www.roadtofamilyfreedom.com/ (roadtofamilyfreedom.com) Website: https://solidgrowthproperties.com/ (solidgrowthproperties.com) Email: darren@solidgrowthproperties.com Resource: https://www.moo.com/us/ (moo.com) Resource: https://openlettermarketing.com/ (OpenLetterMarketing.com) Resource: https://www.reisift.io/ (REISift.io) Resource: https://www.ballpointmarketing.com/ (BallpointMarketing.com) Follow Us: https://www.facebook.com/roadtofamilyfreedom/ (facebook.com/roadtofamilyfreedom/) https://www.instagram.com/roadtofamilyfreedom/?hl=en (instagram.com/roadtofamilyfreedom/) https://twitter.com/r2familyfreedom (twitter.com/r2familyfreedom) Other Stuff: If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests. For show notes and past guests, please visit https://www.roadtofamilyfreedom.com/episodes/ (roadtofamilyfreedom.com/episodes/) Discover the tools and services we use, visit https://www.roadtofamilyfreedom.com/ (roadtofamilyfreedom.com/resources/)
Luke Wong, the founder of 9 Mile Capital, has been around real estate most of his life as his family has always been in real estate. From owning commercial and residential properties to land development. Luke grew up in Miami and graduated from Florida State University. He moved to Houston in 2001 and worked in land acquisitions acquiring land for residential subdivisions. From 2011 to 2020, he renovated houses and owned a wholesaling operation. In the last few years, he has also been actively investing in Commercial Real Estate, such as Retail Centers and Apartment Complexes. Currently, he is focusing on operating, growing, and acquiring more self-storage facilities. He owns/co-owns about 1200 storage units. In This Episode We Cover: What is Clubhouse? Luke Wong's real estate background His transition to commercial real estate How he got started in self-storage investing passively And much more! Books and Resources Mentioned: The Road to Family Freedom: https://www.roadtofamilyfreedom.com/ (roadtofamilyfreedom.com) Website: https://www.9milecapital.com/ (9milecapital.com) Facebook: https://www.facebook.com/luke.wong.944 (Luke Wong) Instagram: https://www.instagram.com/lukewong2000/ (@LukeWong2000) Resource: https://www.clubhouse.com/ (Clubhouse) Follow Us: https://www.facebook.com/roadtofamilyfreedom/ (facebook.com/roadtofamilyfreedom/) https://www.instagram.com/roadtofamilyfreedom/?hl=en (instagram.com/roadtofamilyfreedom/) https://twitter.com/r2familyfreedom (twitter.com/r2familyfreedom) Other Stuff: If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests. For show notes and past guests, please visit https://www.roadtofamilyfreedom.com/episodes/ (roadtofamilyfreedom.com/episodes/) Discover the tools and services we use, visit https://www.roadtofamilyfreedom.com/ (roadtofamilyfreedom.com/resources/)
Rob Dubroc is a 35-year-old real estate investor from Kansas City who went all-in on self-storage after testing the waters with house flipping, working as a realtor, and single-family rentals. After grinding those various side hustles he found his way into commercial real estate and self-storage. In this episode, we talk to Rob about how he bought his first facility for cash and then promptly quit his W-2 job, the challenges of transitioning a poorly check and cash facility into auto payments, the best investment he's made to help his storage business run more smoothly, and the unique way he encourages stubborn sellers into giving him access to their financials. In This Episode We Cover: How he bought his first self-storage facility for cash and then promptly quit his W-2 job How to transition a poorly run check and cash storage facility into a well-run auto payment facility The best investment to help run your self-storage facility more smoothly How to encourage stubborn self-storage owners to give them access to their financials And much more! Books and Resources Mentioned: The Road to Family Freedom: https://www.roadtofamilyfreedom.com/ (roadtofamilyfreedom.com) Website: https://www.risingtide.investments (Rising Tide Investments) Facebook: http://facebook.com/robdubroc (Rob DuBroc) Instagram: https://instagram.com/robdubroc?utm_medium=copy_link (@robdubroc) Resource: https://www.callrail.com/ (Call Rail) Resource: https://www.storagerebel.com/feed (Mike Wagner's Storage Rebellion) Follow Us: https://www.facebook.com/roadtofamilyfreedom/ (facebook.com/roadtofamilyfreedom/) https://www.instagram.com/roadtofamilyfreedom/?hl=en (instagram.com/roadtofamilyfreedom/) https://twitter.com/r2familyfreedom (twitter.com/r2familyfreedom) Other Stuff: If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests. For show notes and past guests, please visit https://www.roadtofamilyfreedom.com/episodes/ (roadtofamilyfreedom.com/episodes/) Discover the tools and services we use, visit https://www.roadtofamilyfreedom.com/ (roadtofamilyfreedom.com/resources/)
Katherine D'Agostino is the founder and sensei of Self-Storage Ninjas. After selling a previous business, Katherine jumped into the storage business building three facilities from the ground up in three years. She also runs a feasibility-analysis firm focused on delivering unbiased reports to self-storage investors that result in facilities with high occupancy and the highest possible returns. In this episode, we talk to Katherine about how she got into the self-storage business, how to pick a self-storage market to invest in, her unique plan to scale by building facilities from the ground up, and why she thinks boat and RV storage is a good business. In This Episode We Cover: How Katherine D'Agostino got into the self-storage business How to pick a self-storage market to invest in Her unique plan to scale by building facilities from the ground up Why boat and RV storage is a good business And much more! Books and Resources Mentioned: The Road to Family Freedom: https://www.roadtofamilyfreedom.com/ (roadtofamilyfreedom.com) Website: https://www.selfstorageninjas.com/ (Self-Storage Ninjas) Facebook: Self-Storage Ninjas Resource: https://selfstorageninjas.as.me/schedule.php?appointmentType=20251184 (Free Initial Consultation with Self-Storage Ninjas) Resource: https://www.issworldexpo.com/en/home.html (ISS Self-Storage World Expo) Resource: https://www.trachte.com/seminars-videos/ (Trachte Free Seminars) Resource: https://www.radiusplus.com/ (Radius+) Follow Us: https://www.facebook.com/roadtofamilyfreedom/ (facebook.com/roadtofamilyfreedom/) https://www.instagram.com/roadtofamilyfreedom/?hl=en (instagram.com/roadtofamilyfreedom/) https://twitter.com/r2familyfreedom (twitter.com/r2familyfreedom) Other Stuff: If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests. For show notes and past guests, please visit https://www.roadtofamilyfreedom.com/episodes/ (roadtofamilyfreedom.com/episodes/) Discover the tools and services we use, visit https://www.roadtofamilyfreedom.com/ (roadtofamilyfreedom.com/resources/)
In this episode we talk to Mandy Monson about her background in finance, how she found herself in the self-storage business, what a self-storage borrower should do to ensure a successful loan application, the 5 C's of credit, and the big one you should pay attention as a self-storage owner. Mandy Monson is the VP of Finance for Resort Lifestyle Communities, which manages a portfolio of senior independent living communities, but she's also co-founder of Stor365 with previous guest Victor Diaz and today she's here to talk to us about commercial lending on self-storage. Mandy is a finance professional and real estate developer that also works with other women to help them crush their limiting beliefs and fear of failure so that they determine their own destiny in the realm of career and money. She has spent a career in finance with everything from managed money portfolios, to commercial loan underwriting during the Great Recession, to today where she consults with potential borrowers on how to structure loans for the acquisition of self-storage and senior housing. In This Episode We Cover: How to ensure a successful loan application on a self-storage deal Some things that will surely sink a self-storage loan application Common mistakes self-storage investors make in their underwriting Examples of when a self-storage deal has gone bad And much more! Books and Resources Mentioned: The Road to Family Freedom: https://www.roadtofamilyfreedom.com/ (roadtofamilyfreedom.com) Website: http://mandymonson.com/ (MandyMonson.com) Resource: http://mandymonson.com/#c-kl1t7qlvas3q (Book Your Free 30 Minute Call with Mandy Monson) Twitter: https://twitter.com/4mandy_monson (@4mandy_monson) Facebook: https://www.facebook.com/4thegirlsclub (4theGirlsClub) Facebook: https://www.facebook.com/mandy.4.monson (Mandy Monson) Follow Us: https://www.facebook.com/roadtofamilyfreedom/ (facebook.com/roadtofamilyfreedom/) https://www.instagram.com/roadtofamilyfreedom/?hl=en (instagram.com/roadtofamilyfreedom/) https://twitter.com/r2familyfreedom (twitter.com/r2familyfreedom) Other Stuff: If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests. For show notes and past guests, please visit https://www.roadtofamilyfreedom.com/episodes/ (roadtofamilyfreedom.com/episodes/) Discover the tools and services we use, visit https://www.roadtofamilyfreedom.com/ (roadtofamilyfreedom.com/resources/)
In this episode, Neil & Brittany discuss their upcoming move to North Carolina to pursue self-storage full time and live in a house hack across the street from the beach. In This Episode We Cover: We bought a house across the street from the beach with the intention of doing a house hack “someday maybe” - We will go into more detail on the house in a later episode. What led us to decide to make the move now? First, we call this podcast The Road to Family Freedom. Our goal is financial and location independence. We aren't there yet. But we have achieved a level of independence with our investments that allow us to take this leap, which is a risk, to try an experiment in working for ourselves...while living at the beach. Several things conspired to lead us to this decision: The death of my father in March of 2020. A best friend worked alongside him for 18 years. I realized that so much of my joy of going to work every day came from the experience of getting to be with my dad on a daily basis. Making up for lost time from when he was in the Air Force. I found I missed being able to walk down the hall and tell him something cool I'd just read, or how much fun it was to whine to him about the challenges of being a father, or just getting to go to lunch with him nearly every day. Suddenly going to work every day became a sad reminder of what was no longer there. COVID. Like many people, the pandemic has made us do a lot of soul searching about what's important in life. As we prepared for my father's long-delayed memorial, I was putting together a slideshow of his life. I kept coming back to these pictures of us from a time when we lived near the ocean. My mom and dad both describe those days in Florida as some of the happiest times of their life. Their kids were young, the work was easy, they were surrounded by other families, many of whom became lifelong friends, we lived near the water. I've always had a dream of living near the water, and I'd like to do it while our son is still young. We love house hacking, and we have a lot of experience house hacking with a short-term rental. Right as COVID hit in March of 2020, the short-term rental regulations in Las Vegas finally caught up with us after 6 years. We got shut down. That, combined with concerns over what COVID was going to do to the Las Vegas housing market, caused us to sell our house that we had owned since 2013. We ended up with a healthy chunk of cash from the equity we had accrued. So, we bought a house across the street from the beach with the intention of house hacking it eventually way down the road. Obviously, things changed. My work, since 2003, has been indirectly in support of the war effort in Iraq, Afghanistan, and the Global War on Terror. When the war in Afghanistan came to an end, it felt like the end of a chapter for me. So we sat down, did the math, and discovered we could financially take this risk. We aren't financially free. We don't have the income to sit on the beach all day drinking Pina Coladas. I prefer margaritas or Moscow Mules. But we've got savings and income streams to give us some time to work towards our next chapter. Follow Us: https://www.facebook.com/roadtofamilyfreedom/ (facebook.com/roadtofamilyfreedom/) https://www.instagram.com/roadtofamilyfreedom/?hl=en (instagram.com/roadtofamilyfreedom/) https://twitter.com/r2familyfreedom (twitter.com/r2familyfreedom) Other Stuff: If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests. For show notes and past guests, please visit https://www.roadtofamilyfreedom.com/episodes/ (roadtofamilyfreedom.com/episodes/) Discover the tools and services we use, visit https://www.roadtofamilyfreedom.com/ (roadtofamilyfreedom.com/resources/)
In this episode, we talk to Victor Diaz about how he got his start in self-storage, the mistakes he sees many new self-storage owners making, how to stand out from the crowd when marketing to potential sellers, and the changes he's seen in the storage industry since he got into it. Victor Diaz is the co-founder of Stor365.com, a new consulting firm that specializes in helping self-storage owners operate their small storage portfolios the way a large REIT would. Victor's entire adult life has been spent in the self-storage business where he was general manager and then an area field manager for U-Haul. He now oversees 8 facilities and over 670,000 square feet of storage for a private firm in Ohio. In This Episode We Cover: Ways a self-storage owner can incentivize their on-site manager to achieve better performance Emerging trends in the self-storage industry The biggest mistakes new self-storage investors make Why you should not rely solely on the self-storage supply index when evaluating a self-storage facility for purchase And much more! Books and Resources Mentioned: The Road to Family Freedom: https://www.roadtofamilyfreedom.com/ (roadtofamilyfreedom.com) Website: http://stor365.com/ (Stor365.com) Email: victor@stor365.com Phone: 330-591-5958 Follow Us: https://www.facebook.com/roadtofamilyfreedom/ (facebook.com/roadtofamilyfreedom/) https://www.instagram.com/roadtofamilyfreedom/?hl=en (instagram.com/roadtofamilyfreedom/) https://twitter.com/r2familyfreedom (twitter.com/r2familyfreedom) Other Stuff: If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests. For show notes and past guests, please visit https://www.roadtofamilyfreedom.com/episodes/ (roadtofamilyfreedom.com/episodes/) Discover the tools and services we use, visit https://www.roadtofamilyfreedom.com/ (roadtofamilyfreedom.com/resources/)
In this episode, we talk to Alka Kumar about how concerns over burnout as a doctor led her to pursue additional streams of passive income, how she scaled after buying that first single-family rental, how she purchased a small mobile home park using her self-directed retirement account, and why she is focused on investing passively in real estate syndications. Alka Kumar of YourWealthMD.com came to the United States from India with $40 in her pocket. Fast forward to today and she has been making a comfortable living working as a physician for the last 30 plus years. A few years ago, she realized that she was overworked and heading towards burnout. This forced her to look for passive and semi-passive sources of income which led her to real estate. She has now switched to working part-time as a physician and spends her free time focusing on expanding her real estate portfolio. That currently includes a local rental portfolio, a small mobile home park, and numerous passive real estate syndications. In This Episode We Cover: Why high-income earners such as doctors, lawyers, corporate executives would want to pursue passive real estate investing Why she chose to purchase a rental property in a coastal community with cash How she went about scaling her real estate portfolio after that first single-family rental Why she transitioned out of buying single-family rentals And much more! Books and Resources Mentioned: The Road to Family Freedom: https://www.roadtofamilyfreedom.com/ (roadtofamilyfreedom.com) Website: https://www.yourwealthmd.com/ (YourWealthMD.com) Book: https://amzn.to/2ojo1IA (The Millionaire Real Estate Investor) by Gary Keller Book: https://amzn.to/3hP6SQb (The ABCs of Real Estate Investing: The Secrets of Finding Hidden Profits Most Investors Miss) by Ken McElroy Follow Us: https://www.facebook.com/roadtofamilyfreedom/ (facebook.com/roadtofamilyfreedom/) https://www.instagram.com/roadtofamilyfreedom/?hl=en (instagram.com/roadtofamilyfreedom/) https://twitter.com/r2familyfreedom (twitter.com/r2familyfreedom) Other Stuff: If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests. For show notes and past guests, please visit https://www.roadtofamilyfreedom.com/episodes/ (roadtofamilyfreedom.com/episodes/) Discover the tools and services we use, visit https://www.roadtofamilyfreedom.com/ (roadtofamilyfreedom.com/resources/)
In this episode, we talk to Christian Mercado about how he purchased his first piece of real estate using a VA loan, how a light bulb went off after he started renting one of his rooms out, how he purchased his first self-storage for zero money down, and the key to negotiating with self-storage owners. Christian Mercado is a full-time real estate investor and Army Captain. He got his start in real estate in 2017 with the purchase of his first house utilizing a VA loan. 6 months later, he rented a room out and discovered the power of house hacking. After a year, he purchased another home to live in using his VA loan and rented out the first, and he was off to the races. Since that time he has flipped at least 8 houses, opened up several short-term rentals, and purchased a self-storage facility. In This Episode We Cover: How he bought his first property using a VA loan The red flags that led him to walk away from his first self-storage deal How he found his first self-storage deal How he negotiated with the seller to purchase for zero down with seller financing And much more! Books and Resources Mentioned: The Road to Family Freedom: https://www.roadtofamilyfreedom.com/ (roadtofamilyfreedom.com) Website: http://www.thesentrystorage.com (The Sentry Storage) Instagram: https://www.instagram.com/ChristianDoesRealEstate/ (@ChristianDoesRealEstate) Podcast: https://podcasts.apple.com/us/podcast/middle-class-to-millionaires/id1498647963 (Middle Class to Millionaires) Resource: https://www.thestoragerebellion.com/ (Storage Rebellion) Book: https://amzn.to/2ZzCKMb (Rich Dad, Poor Dad) by Robert Kiyosaki Follow Us: https://www.facebook.com/roadtofamilyfreedom/ (facebook.com/roadtofamilyfreedom/) https://www.instagram.com/roadtofamilyfreedom/?hl=en (instagram.com/roadtofamilyfreedom/) https://twitter.com/r2familyfreedom (twitter.com/r2familyfreedom) Other Stuff: If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests. For show notes and past guests, please visit https://www.roadtofamilyfreedom.com/episodes/ (roadtofamilyfreedom.com/episodes/) Discover the tools and services we use, visit https://www.roadtofamilyfreedom.com/ (roadtofamilyfreedom.com/resources/)
In this episode, we talk about two key setbacks that shifted Jeff Anzalone’s mindset towards building multiple streams of passive income, why he doesn’t invest in single-family rentals, the lessons learned from losing his first $50,000 he invested in a syndication, and the great question he uses to find other potential groups to invest with. Dr. Jeff Anzalone is a full-time practicing periodontist in the great state of Louisiana, author, and founder of DebtFreeDr.com. He focuses on teaching doctors and other high-income professionals to create passive income from real estate so that they can STOP trading their time for money. In This Episode We Cover: How school may give you the knowledge to practice your profession but not prepare you for actually practicing it How a skiing accident helped him realize how precarious his economic future was even with a high-paying, safe, secure job Why 90% of all millionaires have real estate in their investment portfolios Why high-income earners should focus on their core money-making ventures and leave the active real estate investing to others Why he doesn’t invest in single-family rentals The lessons learned from losing the first $50,000 he invested in an apartment syndication Why he doesn’t like investing in syndications through crowdfunding platforms What led him to choose apartment syndications over other asset classes How he would go about educating himself on apartment syndications if he were starting over And much more! Books and Resources Mentioned: The Road to Family Freedom: https://www.roadtofamilyfreedom.com/ (roadtofamilyfreedom.com) Website: https://www.debtfreedr.com/ (Dr Debt Free) Resource: http://debtfreedr.com/freeguide (Free Doctor’s Passive Income Guide) Email: jeff@debtfreedr.com Follow Us: https://www.facebook.com/roadtofamilyfreedom/ (facebook.com/roadtofamilyfreedom/) https://www.instagram.com/roadtofamilyfreedom/?hl=en (instagram.com/roadtofamilyfreedom/) https://twitter.com/r2familyfreedom (twitter.com/r2familyfreedom) Other Stuff: If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests. For show notes and past guests, please visit https://www.roadtofamilyfreedom.com/episodes/ (roadtofamilyfreedom.com/episodes/) Discover the tools and services we use, visit https://www.roadtofamilyfreedom.com/ (roadtofamilyfreedom.com/resources/)
In this episode, we talk to Powell Chee about his start in real estate and why quickly he shifted into multi-tenant assets, the three main roles of a real estate syndication team, a key difference between residential and commercial lending that challenges many investors making the switch, and how to build relationships with commercial real estate brokers that last. Powell Chee is a Los Angeles-based real estate investor who does all his investing out of state. After buying his first investment property in 2015, a single-family home in Kansas City, he came to the realization that one door at a time was not going to get him to his goals. Since 2017, Powell has partnered on 7 multifamily properties totaling over 1000 units. As Covid-19 affected the US in 2020, Powell shifted gears from multifamily and expanded his investments into self-storage. He closed his first self-storage property in January of 2021 and is operating it remotely. In This Episode We Cover: How he got started investing in single-family rentals but quickly shifted into multifamily investing How he scaled from those early self-funded apartment communities into larger assets with groups of passive investors Why he shifted from investing in multifamily into self-storage investments Some tips on forming real estate partnerships And much more! Books and Resources Mentioned: The Road to Family Freedom: https://www.roadtofamilyfreedom.com/ (roadtofamilyfreedom.com) Website: http://www.multifamilymasters.com/ (www.multifamilymasters.com) Email: powell@multifamilymasters.com Facebook: https://www.facebook.com/powellbiz (https://www.facebook.com/powellbiz) Twitter: https://twitter.com/powellchee (@PowellChee) Follow Us: https://www.facebook.com/roadtofamilyfreedom/ (facebook.com/roadtofamilyfreedom/) https://www.instagram.com/roadtofamilyfreedom/?hl=en (instagram.com/roadtofamilyfreedom/) https://twitter.com/r2familyfreedom (twitter.com/r2familyfreedom) Other Stuff: If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests. For show notes and past guests, please visit https://www.roadtofamilyfreedom.com/episodes/ (roadtofamilyfreedom.com/episodes/) Discover the tools and services we use, visit https://www.roadtofamilyfreedom.com/ (roadtofamilyfreedom.com/resources/)
Landon and Teria Harris started out rehabbing single-family homes. After a few successful projects, they realized it was not the direction they wanted. The amount of time, work, and capital was more than they wanted to manage. Their love of real estate led them to other investing opportunities. After hearing a podcast on vacant land sales, they immediately knew land investing was the right direction for them! Their land business began in 2019 where they immediately set up structure, processes, and tools to build their land business. Within a few short months, their business soared! They were able to build a successful land business and replace Landon’s full-time job in the first year. In this episode, we talk to Landon and Teria about the challenges of rental property investing as well as house flipping, how that experience led them to invest in raw land, how they purchased 10 parcels for just $14,000 on their first deal, and the systems and processes they’ve set up to make their raw land business run as passively as possible. In This Episode We Cover: How Landon and Teria Harris got into real estate investing How their experience with house flipping and single-family rentals led them to shift to raw land investing How much it cost them to buy their first raw land deal How much it costs to market for raw land And much more! Books and Resources Mentioned: The Road to Family Freedom: https://www.roadtofamilyfreedom.com/ (roadtofamilyfreedom.com) Website: http://www.creeksidedevelopments.com/ (CreeksideDevelopments.com) Facebook: https://www.facebook.com/CreeksideDevelopments (Creekside Developments) Resource:: https://www.thelandgeek.com/ (The Land Geek) Resource: https://www.loom.com/ (Loom) Resource: https://airtable.com/ (AirTable) Resource: https://trello.com/ (Trello) Follow Us: https://www.facebook.com/roadtofamilyfreedom/ (facebook.com/roadtofamilyfreedom/) https://www.instagram.com/roadtofamilyfreedom/?hl=en (instagram.com/roadtofamilyfreedom/) https://twitter.com/r2familyfreedom (twitter.com/r2familyfreedom) Other Stuff: If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests. For show notes and past guests, please visit https://www.roadtofamilyfreedom.com/episodes/ (roadtofamilyfreedom.com/episodes/) Discover the tools and services we use, visit https://www.roadtofamilyfreedom.com/ (roadtofamilyfreedom.com/resources/)
Matt Gouge, aka Matt the Mortgage Guy, got his start in lending back in 2013. As a self-proclaimed math nerd and a people person, he burned his proverbial ships, leaving a steady paycheck with the State of California, for the commission-based world of brokering residential mortgages. He has excelled in the field because he himself is a real estate investor and he can advise clients at a high level. As a real estate investor himself, he is able to help clients not only analyze the mortgage on their primary residence but on potential investment properties as well. In this episode, we talk to Matt about his journey from state employee to a commission-based mortgage broker, the power of taking the leap into the unknown from an unfulfilling job, the tale of buying his first property before the Great Recession that is still a rental, and his misadventures investing long-distance. Books and Resources Mentioned The Road to Family Freedom: https://www.roadtofamilyfreedom.com/ (roadtofamilyfreedom.com) Website: http://www.mattthemortgageguy.com/ (Matt the Mortgage Guy) YouTube: https://www.youtube.com/channel/UCq2XM1Q4PXs-msULABdk2Yw (Matt the Mortgage Guy) Twitter: https://twitter.com/MortgageMattCA (@MortgageMattCA) Phone: (916) 529-7600 Follow Us: https://www.facebook.com/roadtofamilyfreedom/ (facebook.com/roadtofamilyfreedom/) https://www.instagram.com/roadtofamilyfreedom/?hl=en (instagram.com/roadtofamilyfreedom/) https://twitter.com/r2familyfreedom (twitter.com/r2familyfreedom) Other Stuff: If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests. For show notes and past guests, please visit https://www.roadtofamilyfreedom.com/episodes/ (roadtofamilyfreedom.com/episodes/) Discover the tools and services we use, visit https://www.roadtofamilyfreedom.com/ (roadtofamilyfreedom.com/resources/)
Mindy Templeton is a Kansas City-based real estate investor who was, at one time, $165,000 in debt. A mindset shift a few years ago led her and her husband to aggressively pay down that debt and start buying single-family rentals in the Kansas City area. She and her husband have full-time jobs and are parents to two young children. She started Investinginyourwealth.com about two years ago as a way to track her journey to paying off that $165k of debt, and now that they are debt-free, she is working on building wealth through diversification. She is a firm believer in having multiple strategies for investing, so real estate is not her only strategy, but definitely her primary focus. In this episode, we talk to Mindy about the mindset shift she went through that led them to adjust their spending habits, the creative way she acquired the funds for the downpayment on their first rental property, and why she doesn’t want to build a huge portfolio of rental properties. Books and Resources Mentioned The Road to Family Freedom: https://www.roadtofamilyfreedom.com/ (roadtofamilyfreedom.com) Instagram: https://www.instagram.com/likemindedinvestors/ (@LikeMindedInvestors) Website: https://www.investinginyourwealth.com/ (Investing In Your Wealth) Book: https://amzn.to/2ZiNzDD (Your Money or Your Life) by Vicki Robin Follow Us: https://www.facebook.com/roadtofamilyfreedom/ (facebook.com/roadtofamilyfreedom/) https://www.instagram.com/roadtofamilyfreedom/?hl=en (instagram.com/roadtofamilyfreedom/) https://twitter.com/r2familyfreedom (twitter.com/r2familyfreedom) Other Stuff: If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests. For show notes and past guests, please visit https://www.roadtofamilyfreedom.com/episodes/ (roadtofamilyfreedom.com/episodes/) Discover the tools and services we use, visit https://www.roadtofamilyfreedom.com/ (roadtofamilyfreedom.com/resources/)
Sara Witz and Anthony Gair are a soon-to-be husband and wife real estate investing team focused on wholesaling, flipping, and the BRRRR strategy. Two oil and gas employees from Houston, Texas who decided to take advantage of the extra time they had after their wedding was delayed by the Covid pandemic. They started investing less than 12 months ago and already have 13 deals under their belt. At the beginning of 2021, they set a goal for themselves of earning $100,000 in three months from real estate, and as of this recording, they are just $15,000 away from that goal. In this episode, we talk to Anthony and Sara about how they got into their first BRRRR property for less than $10,000, the multiple exit strategies that they use to make use of nearly every deal they come across, why they now have a rule against doing any rehabs after dark, and the key expense many people forget about when buying a property to wholesale, flip or BRRRR. Books and Resources Mentioned The Road to Family Freedom: https://www.roadtofamilyfreedom.com/ (roadtofamilyfreedom.com) Instagram: https://www.instagram.com/gair.realestate/ (@Gair.RealEstate) Resource: https://www.dealmachine.com/ (Deal Machine) Follow Us: https://www.facebook.com/roadtofamilyfreedom/ (facebook.com/roadtofamilyfreedom/) https://www.instagram.com/roadtofamilyfreedom/?hl=en (instagram.com/roadtofamilyfreedom/) https://twitter.com/r2familyfreedom (twitter.com/r2familyfreedom) Other Stuff: If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests. For show notes and past guests, please visit https://www.roadtofamilyfreedom.com/episodes/ (roadtofamilyfreedom.com/episodes/) Discover the tools and services we use, visit https://www.roadtofamilyfreedom.com/ (roadtofamilyfreedom.com/resources/)
Shane Sigsbee – Short Term Rental Investor and CEO or Sigsbee Homes talks to Neil Henderson and Brittany Henderson, the hosts of The Road to Family Freedom podcast. Shane graduated from Notre Dame in 2007 with a degree in finance. He became a derivatives trader right out of school but lost his job in the financial crisis in 2009. He then left to pursue a career in gambling, starting the venture Imawhale Staking in 2010, which he still runs to this day. In 2017 he began investing in real estate in southern Alabama, focusing on the BRRRR method using short-term rentals. He’s currently sitting on 35 doors with a goal of reaching 100 doors. In this episode, we talk to Shane and Rachael about beginning their journey to real estate investing in 2017, how they scaled their portfolio from 1 to 35 doors, why they have converted most of their properties to short-term rentals, and tips and tricks on rehabbing and furnishing a short-term rental. Books and Resources Mentioned The Road to Family Freedom: https://www.roadtofamilyfreedom.com/ (roadtofamilyfreedom.com) Website: https://www.imawhale.com/ (I’m A Whale Staking Group) Instagram: http://instagram.com/shanesigsbee (@shanesigsbee) Twitter: https://twitter.com/ssigsbee (@ssigsbee) Facebook: https://www.facebook.com/shane.sigsbee (Shane Sigsbee) Follow Us: https://www.facebook.com/roadtofamilyfreedom/ (facebook.com/roadtofamilyfreedom/) https://www.instagram.com/roadtofamilyfreedom/?hl=en (instagram.com/roadtofamilyfreedom/) https://twitter.com/r2familyfreedom (twitter.com/r2familyfreedom) Other Stuff: If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests. For show notes and past guests, please visit https://www.roadtofamilyfreedom.com/episodes/ (roadtofamilyfreedom.com/episodes/) Discover the tools and services we use, visit https://www.roadtofamilyfreedom.com/ (roadtofamilyfreedom.com/resources/)
Moe Kruger – Senior Loan Officer at Live Oak Bank talks to Neil Henderson and Brittany Henderson, the hosts of The Road to Family Freedom podcast. Moe Kruger is a 30-year banking veteran that specializes in storage financing for small business owners. Over his 30 years in banking, Moe has been a branch manager, bank business development officer, residential mortgage specialist, private banking manager, commercial relationship manager before settling in and focusing on helping small business owners. He has a great love for entrepreneurs and has spent the past 16 years financing business acquisitions, real estate acquisitions, and construction lending utilizing the Small Business Administration programs. He has closed close to a billion dollars in loans over his banking career including $250 million in storage loans. Moe joined Live Oak Bank in 2015 as a senior loan officer for the self-storage vertical. At Live Oak Bank, he is focused on loans that include construction deals, acquisitions, conversions, and mobile storage deals. In this episode, we talk to Moe about how he got into self-storage lending, the keys to successfully getting an SBA loan for self-storage, the difference between SBA versus traditional commercial loans, and the common gotchas you should avoid. Books and Resources Mentioned The Road to Family Freedom: https://www.roadtofamilyfreedom.com/ (roadtofamilyfreedom.com) Website: https://www.liveoakbank.com/ (LiveOakBank.com) Email: moe.kruger@liveoak.bank Phone: (910) 550-2907 Follow Us: https://www.facebook.com/roadtofamilyfreedom/ (facebook.com/roadtofamilyfreedom/) https://www.instagram.com/roadtofamilyfreedom/?hl=en (instagram.com/roadtofamilyfreedom/) https://twitter.com/r2familyfreedom (twitter.com/r2familyfreedom) Other Stuff: If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests. For show notes and past guests, please visit https://www.roadtofamilyfreedom.com/episodes/ (roadtofamilyfreedom.com/episodes/) Discover the tools and services we use, visit https://www.roadtofamilyfreedom.com/ (roadtofamilyfreedom.com/resources/)
Neil Wahlgren – Chief Operations Officer at MAG Capital Partners, talks to Neil Henderson and Brittany Henderson, the hosts of The Road to Family Freedom podcast. MAG Capital Partners is a private equity firm that specializes in sale-leaseback and industrial real estate investments. Neil brings nearly two decades of leadership in operations and capital markets. Prior to MAG Capital, Neil led a Bay Area real estate investment firm, raising capital for over $200M in projects. He came to real estate investing following a career in military aviation as a C-130 pilot in both the Air Force and Navy, logging over 2500 flight hours with combat tours to both Iraq and Afghanistan. In this episode, we talk to Neil about the details of investing in single tenant net lease industrial properties, the keys to building trust with potential private equity investors, the unique benefits to investing in a net lease industrial, and the key lessons from his military background that helped him to be successful raising private equity. Books and Resources Mentioned The Road to Family Freedom: https://www.roadtofamilyfreedom.com/ (roadtofamilyfreedom.com) Website: http://www.magcp.com/ (MAG Capital Partners) Email: neil@magcp.com Follow Us: https://www.facebook.com/roadtofamilyfreedom/ (facebook.com/roadtofamilyfreedom/) https://www.instagram.com/roadtofamilyfreedom/?hl=en (instagram.com/roadtofamilyfreedom/) https://twitter.com/r2familyfreedom (twitter.com/r2familyfreedom) Other Stuff: If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests. For show notes and past guests, please visit https://www.roadtofamilyfreedom.com/episodes/ (roadtofamilyfreedom.com/episodes/) Discover the tools and services we use, visit https://www.roadtofamilyfreedom.com/ (roadtofamilyfreedom.com/resources/)
Mark Podolsky – aka The Land Geek, talks to Neil Henderson and Brittany Henderson, the hosts of The Road to Family Freedom podcast. Armed with only $3,000, Mark bought his first few parcels of raw land in 2001. Today Mark is the author of Dirt Rich, the ultimate guide to helping you build a passive income, and owner of successful and investing company Frontier Properties. Prior to his land investing success, Mark felt trapped in a high-stress, corporate job. Escaping the rat race changed Mark’s life in so many positive ways that he decided to teach, coach, and mentor others to help them achieve their financial goals. In this episode, we talk to Mark about how he first got into raw land investing, the dead-simple way he seeks out raw land to buy, the extraordinary systems he sets up to automate 95% of his business, and the ways he designs his week to maximize productivity and happiness. Books and Resources Mentioned The Road to Family Freedom: https://www.roadtofamilyfreedom.com/ (roadtofamilyfreedom.com) Website: https://www.thelandgeek.com/ (The Land Geek) Website: http://www.frontierpropertiesusa.com/ (Frontier Properties USA) Resource: https://airtable.com/?utm_source=google&utm_medium=cpc&utm_extra4=aud-851207090129:kwd-325289323194&utm_extra2=936407691&utm_extra3=47735600558&creative=464489871110&device=c&cx=us&targetid=aud-851207090129:kwd-325289323194&campaignid=936407691&adgroupid=47735600558&gclid=CjwKCAiAkJKCBhAyEiwAKQBCkky42tA26XHdngVmyXBjCn_nxGT8f5ZUXq25YQOVoUWyw-r06uix2xoCkTkQAvD_BwE (AirTable) Resource: https://www.followupboss.com/ (Follow Up Boss) Resource: https://www.landmodo.com/ (Landmodo) Resource: https://what3words.com/ (What Three Words) Follow Us: https://www.facebook.com/roadtofamilyfreedom/ (facebook.com/roadtofamilyfreedom/) https://www.instagram.com/roadtofamilyfreedom/?hl=en (instagram.com/roadtofamilyfreedom/) https://twitter.com/r2familyfreedom (twitter.com/r2familyfreedom) Other Stuff: If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests. For show notes and past guests, please visit https://www.roadtofamilyfreedom.com/episodes/ (roadtofamilyfreedom.com/episodes/) Discover the tools and services we use, visit https://www.roadtofamilyfreedom.com/ (roadtofamilyfreedom.com/resources/)
Kris Reid – founder of Ardor SEO talks to Neil Henderson and Brittany Henderson, the hosts of The Road to Family Freedom podcast. Kris is known online as the coolest guy in Search Engine Optimization. Now, you might be asking why a podcast about real estate investing is hosting an expert in SEO. Well, that’s because at the end of the day, real estate is a customer-driven business, and at some point, you will want to put yourself in front of more customers. Whether they be rental tenants, self-storage tenants, investors, buyers, sellers, prospective employees, etc. And the demand-driven content from a search engine is one of the best ways to do that. In this episode, we talk to Kris about the basics of SEO, some tips on creating an SEO-friendly website, how backlinking pages help Google see your website as more reputable, and why you should NOT try to become an expert in SEO. Books and Resources Mentioned The Road to Family Freedom: https://www.roadtofamilyfreedom.com/ (roadtofamilyfreedom.com) Website: https://ardorseo.com/ (ArdorSEO.com) Free Guide: https://ardorseo.com/freedom (How to Get More Customers to Grow Your Business) Book: https://amzn.to/3bLWft5 (Clockwork) by Mike Michalowicz Book: https://amzn.to/3sFQrYV (Free to Focus: A Total Productivity System to Achieve More by Doing Less)https://amzn.to/3sFQrYV ( )by Michael Hyatt Book: https://amzn.to/3aYACGG (Who Not How) by Dan Sullivan and Benjamin Dr. Hardy Follow Us: https://www.facebook.com/roadtofamilyfreedom/ (facebook.com/roadtofamilyfreedom/) https://www.instagram.com/roadtofamilyfreedom/?hl=en (instagram.com/roadtofamilyfreedom/) https://twitter.com/r2familyfreedom (twitter.com/r2familyfreedom) Other Stuff: If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests. For show notes and past guests, please visit https://www.roadtofamilyfreedom.com/episodes/ (roadtofamilyfreedom.com/episodes/) Discover the tools and services we use, visit https://www.roadtofamilyfreedom.com/ (roadtofamilyfreedom.com/resources/)
Casey Franchini – Single-Family Rental investor, and founder of Brick By Brick Wealth talks to Neil Henderson and Brittany Henderson, the hosts of The Road to Family Freedom podcast. Casey is a real estate investor and mom of 3 young children who earns a passive second income from investing in single-family rental properties. She also teaches aspiring real estate investors that they, too, can live a better life with passive income from rentals and it starts with getting the first one. In this episode, we talk to Casey about how she first got started in real estate as a residential real estate agent, how fear of the unknown kept her and her husband from investing in the beginning, the unique side hustle she started as a stay at home mom to save up for the down payment on their first rental property, and the key to making managing single-family rentals easy. Books and Resources Mentioned The Road to Family Freedom: https://www.roadtofamilyfreedom.com/ (roadtofamilyfreedom.com) Website: http://www.brickbybrickwealth.com/ (Brick by Brick Wealth) Twitter: https://twitter.com/Brickbybrwealth (@BrickByBrWealth) Facebook: https://www.facebook.com/brickbybrickwealth (Brick by Brick Wealth) Instagram: https://www.instagram.com/brickbybrickwealth/ (@BrickbyBrickWealth) Resource: https://brickbybrickwealth.ck.page/freecourse (Free 7-Day Mini Course: "Retiring your 9-5 with Rental Properties") Follow Us: https://www.facebook.com/roadtofamilyfreedom/ (facebook.com/roadtofamilyfreedom/) https://www.instagram.com/roadtofamilyfreedom/?hl=en (instagram.com/roadtofamilyfreedom/) https://twitter.com/r2familyfreedom (twitter.com/r2familyfreedom) Other Stuff: If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests. For show notes and past guests, please visit https://www.roadtofamilyfreedom.com/episodes/ (roadtofamilyfreedom.com/episodes/) Discover the tools and services we use, visit https://www.roadtofamilyfreedom.com/ (roadtofamilyfreedom.com/resources/)
Becky Nova – multifamily investor and founder of Lady-Landlords.com, talks to Neil Henderson and Brittany Henderson, the hosts of The Road to Family Freedom podcast. Becky began investing in real estate in 2018, when she and her husband, Emilio, purchased their first duplex in Yonkers, NY. Just a year later, she bought a four-family in the same neighborhood as well as a condo in the Dominican Republic, her husband’s native country. Now, she has acquired 10 doors in a competitive high cost of living area in two years. She has grown a love for working with first-time investors and runs a popular Facebook group called Lady Landlords to empower women to become knowledgeable and confident in Real Estate Investing. Becky has created digital courses, worksheets, live events, and a YouTube channel to aid her followers on their journey. In this episode, we talk to Becky about buying her first house hack, a duplex in Yonkers, NY, and how that lit the fire of interest in real estate investing. We also talk about buying two properties in the Dominican Republic, and the systems she puts in place to put landlording on autopilot. Books and Resources Mentioned The Road to Family Freedom: https://www.roadtofamilyfreedom.com/ (roadtofamilyfreedom.com) Website: https://www.lady-landlords.com/ (Lady Landlords) Facebook: https://www.facebook.com/groups/LadyLandlords (Lady Landlords Community) Instagram: https://www.instagram.com/beckynova24/ (@BeckyNova24) Resource: https://www.neighborly.com/ (Neighborly) Resource: https://www.google.com/forms/about/ (Google Forms) - Good for pre-screening prospective tenants Follow Us: https://www.facebook.com/roadtofamilyfreedom/ (facebook.com/roadtofamilyfreedom/) https://www.instagram.com/roadtofamilyfreedom/?hl=en (instagram.com/roadtofamilyfreedom/) https://twitter.com/r2familyfreedom (twitter.com/r2familyfreedom) Other Stuff: If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests. For show notes and past guests, please visit https://www.roadtofamilyfreedom.com/episodes/ (roadtofamilyfreedom.com/episodes/) Discover the tools and services we use, visit https://www.roadtofamilyfreedom.com/ (roadtofamilyfreedom.com/resources/)
Taylor Loht – Real Estate Investor, Founder of NT Capital, and host of the Passive Wealth Strategies podcast talks to Neil Henderson and Brittany Henderson, the hosts of The Road to Family Freedom podcast. Taylor is on a mission to teach Busy Professionals how they can invest in real estate without dealing with tenants, toilets, and termites. He highlights and distills the knowledge, experiences, and lessons of expert real estate investors through his podcast, YouTube Channel, and email newsletter Passive Wealth Strategies for Busy Professionals. His goal is to help his listeners and investors build lives of abundance. He believes that building passive streams of income is the best path to wealth generation, not the typical, boring, “Don’t have that $4 latte you enjoy twice a week.” Enjoy your latte and buy some property! He has partnered in over $50 million in Multifamily and Self Storage investments, as both a General Partner with his company NT Capital LLC, and Passive Investor through tax-advantaged retirement accounts. He invests remotely and never deals directly with tenants. Taylor lives in Richmond, Virginia, where he started and runs the monthly Richmond Multifamily Investors Meetup, trains Brazilian Jiu-Jitsu, and actively contributes to BiggerPockets. In this episode, we talk to Taylor about how he invested in his first passive syndication using his self-directed IRA, the good and the bad of investing from a self-directed retirement account, how investing passively led him to then become a general partner on a couple of apartment deals, and why he is focused on introducing real estate investing to the FIRE movement. Books and Resources Mentioned The Road to Family Freedom: https://www.roadtofamilyfreedom.com/ (roadtofamilyfreedom.com) Website: https://www.passivewealthstrategy.com/ (Passive Wealth Strategy) Facebook: https://www.facebook.com/taylor.loht (Taylor Loht) YouTube: https://www.youtube.com/channel/UCStvNPICXV9UplU5aas_e4A (Passive Wealth Strategy) Instagram: https://www.instagram.com/passive_wealth_strategies/ (@passive_wealth_strategies) Book: https://amzn.to/2ZzCKMb (Rich Dad, Poor Dad) by Robert Kiyosaki Follow Us: https://www.facebook.com/roadtofamilyfreedom/ (facebook.com/roadtofamilyfreedom/) https://www.instagram.com/roadtofamilyfreedom/?hl=en (instagram.com/roadtofamilyfreedom/) https://twitter.com/r2familyfreedom (twitter.com/r2familyfreedom) Other Stuff: If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests. For show notes and past guests, please visit https://www.roadtofamilyfreedom.com/episodes/ (roadtofamilyfreedom.com/episodes/) Discover the tools and services we use, visit https://www.roadtofamilyfreedom.com/ (roadtofamilyfreedom.com/resources/)
Michael Rogers – Real Estate Investor and Owner of Chandler Properties, talks to Neil Henderson and Brittany Henderson, the hosts of The Road to Family Freedom podcast. After working for 15 years in the Corporate Accounting world Michael transitioned to full-time real estate investing in 2017. When he was still working his full-time corporate job he was also purchasing, remodeling, and managing rental properties as a side job. He currently self-manages a portfolio of 350 storage units, several residential rental properties, and is developing a Third Party Logistics industrial warehouse complex. In this episode, we talk to Michael about how he bought his first 55-unit self-storage facility, how he turned around a facility that had just 25% economic occupancy, the power of building relationships with local banks, and why he uses the wisdom of Warren Buffet in his real estate investing strategy. Books and Resources Mentioned The Road to Family Freedom: https://www.roadtofamilyfreedom.com/ (roadtofamilyfreedom.com) Website: http://www.chandler-property.com/ (Chandler Property) Facebook: http://facebook.com/ChandlerProperties (Chandler Properties) Resource: https://www.storageunitsoftware.com/ (Easy Storage Solutions) Book: https://www.amazon.com/Intelligent-Investor-Definitive-Investing-Essentials/dp/0060555661 (The Intelligent Investor) by Benjamin Graham Follow Us: https://www.facebook.com/roadtofamilyfreedom/ (facebook.com/roadtofamilyfreedom/) https://www.instagram.com/roadtofamilyfreedom/?hl=en (instagram.com/roadtofamilyfreedom/) https://twitter.com/r2familyfreedom (twitter.com/r2familyfreedom) Other Stuff: If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests. For show notes and past guests, please visit https://www.roadtofamilyfreedom.com/episodes/ (roadtofamilyfreedom.com/episodes/) Discover the tools and services we use, visit https://www.roadtofamilyfreedom.com/ (roadtofamilyfreedom.com/resources/)
Justin Fraser – Multifamily Asset Manager and Host of the True Multifamily Show, talks to Neil Henderson and Brittany Henderson, the hosts of The Road to Family Freedom podcast. Justin is an apartment syndicator, asset manager, and real estate investor, responsible for managing multiple apartments across the country. A real estate investor since 2014 when he bought a single-family home as a rental property. For years Justin flipped houses and owned single-family rentals until May of 2018 when he formed 88 Real Estate Capital and closed on his first apartment syndication, raising over $600k for the deal. By September 2018, Justin exited his corporate job as a Project Manager and jumped full time into real estate investing. He found some excellent partners and is an active member of 6 apartment complexes holding over 1000 units. Justin built an asset management business, responsible for running the business of these apartment complexes. He is also the host of True Multifamily, a podcast about the business of apartment investing, showcasing the real work that happens after a deal closes. His goal is to share insights, tips, tricks, and best practices through storytelling by real asset managers and owners. In this episode, we talk to Justin about the partners he had to bring on in order to close on his first large multifamily deal, the details of what’s involved with being an asset manager, why he likes it when a tenant skips out on rent, the key to gaining knowledge in almost every real estate strategy. Books and Resources Mentioned The Road to Family Freedom: https://www.roadtofamilyfreedom.com/ (roadtofamilyfreedom.com) Podcast: https://www.truemultifamily.show/ (True Multifamily Show) Twitter: https://twitter.com/justinfraser (@JustinFraser) Facebook: https://www.facebook.com/TrueMultifamily/ (True Multifamily) Instagram: https://www.instagram.com/truemultifamily/ (@TrueMultifamily) Follow Us: https://www.facebook.com/roadtofamilyfreedom/ (facebook.com/roadtofamilyfreedom/) https://www.instagram.com/roadtofamilyfreedom/?hl=en (instagram.com/roadtofamilyfreedom/) https://twitter.com/r2familyfreedom (twitter.com/r2familyfreedom) Other Stuff: If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests. For show notes and past guests, please visit https://www.roadtofamilyfreedom.com/episodes/ (roadtofamilyfreedom.com/episodes/) Discover the tools and services we use, visit https://www.roadtofamilyfreedom.com/ (roadtofamilyfreedom.com/resources/)
Tamar Hermes – CEO of Wealth Warrior Woman, Full-time Real Estate Investor, educator, and money coach, talks to Neil Henderson and Brittany Henderson, the hosts of The Road to Family Freedom podcast. Tamar guides women to become financially free through Real Estate Investing and creating an empowering relationship to money. Tamar grew up poor as the child of a Holocaust survivor and had no idea how people got rich. By chance, she stumbled upon Real Estate investing and became obsessed with the world of finance. Today, she coaches clients across the country and is a fanatic about investing. Tamar’s desire is to support women to be free to choose how they spend their life and have the means to afford whatever they desire for themselves, their families, and others. She believes Real Estate Investing is the best way to grow wealth. She recently relocated from Los Angeles to Austin where she is enjoying the small city life and no state taxes! In this episode, we talk to Tamar about how she got started with the purchase of a duplex in Los Angeles. We talk to her about her transition from active investor to a passive investor using various syndications, how she teaches her kids about money, and the daily rituals that keep her focused and productive throughout the day. Post-Interview Analysis Key Lessons Learned. Teaching your kids about money and finances begins with teaching them to have integrity and to just be good people in the hopes of avoiding that sense of entitlement so money kids with money get. Also, house hacking is still, in our opinion, one of the quickest, most surefire ways to build wealth and move towards financial independence. How did they acquire their knowledge or what knowledge did they need to acquire? Understand what your resources are before you get started. Do you have capital? Do you have time? Do you have knowledge? If you are missing any of those things, look for a partner to fill that gap, or look to bring the resources you DO have to a partner that has what you don’t, so that you can learn from them. How much money did it take to get started? She bought a $395,000 duplex in Los Angeles for 10% down, so about $40,000. How much time does it take now? She spends most of her time now educating other investors. She is very intentional about investing passively so that she can do what she wants, when she wants to do it, with whom she wants to do it. Could they do this strategy from anywhere in the world? Absolutely, she is a full-time passive investor and could live almost anywhere in the world. Episode Highlights: Schedule a video chat with Neil Henderson at http://www.roadtofamilyfreedom.com/storage (roadtofamilyfreedom.com/storage) How she got started investing in real estate with the purchase of a duplex in Los Angeles Her transition from active investor to a passive investor using various syndications How she teaches her kids about money Daily rituals that keep her focused and productive throughout the day And much more… Books and Resources Mentioned The Road to Family Freedom: https://www.roadtofamilyfreedom.com/ (roadtofamilyfreedom.com) Website: https://www.wealthwarriorwoman.com/ (WealthWarriorWoman.com) Email: Hello@wealthwarriorwoman.com Instagram: https://www.instagram.com/wealthwarriorwoman/ (@WealthWarriorWoman) Facebook: http://facebook.com/tamarhermesinternational (Tamar Hermes International) Book: https://amzn.to/39HeG0P (Man's Search for Meaning) by Viktor Frankl Book: https://amzn.to/2ZzCKMb (Rich Dad, Poor Dad) by Robert Kiyosaki Resource: https://www.wealthwarriorwoman.com/together (Wealth Warrior Woman Workshops and Masterminds) Resource: https://amzn.to/38XtlpL (The Allowance Game) Netflix: https://www.netflix.com/title/80234304 (Queen’s Gambit) Follow Us: https://www.facebook.com/roadtofamilyfreedom/ (facebook.com/roadtofamilyfreedom/) https://www.instagram.com/roadtofamilyfreedom/?hl=en (instagram.com/roadtofamilyfreedom/)...
Gary Edmonds – Self Storage Owner and Operator, founder of Pack It LLC and TheStorageManager, talks to Neil Henderson, the host of The Road to Family Freedom podcast. Gary Edmonds is an Illinois based self-storage owner, operator, and manager who bought his first facility back in 1999 while holding down a full-time job. Since then, he has acquired 14 facilities totaling 1800 units and over 280,000 square feet of storage space. And almost all of those facilities were acquired and run remotely while Gary had a career as a State Farm insurance agent. In this episode, we talk to Gary about buying that first facility, how a previous career in commercial lending helped prepare him for the storage business, how he has managed all of his facilities remotely without a manager on-site, and the mistakes he made acquiring his second facility. Post-Interview Analysis Key Lessons Learned. As an owner of any business, whether it be self-storage, or multifamily real estate, or short-term rentals, there is a mind-shift that needs to happen around your idea of the 40-hour workweek. As an entrepreneur, you are going to have more freedom, you are not going to be tied down to someone else telling you what to do and when to do it, but there is going to be a sacrifice, and you will probably be putting in more than 40 hours a week. But there will be a closer correlation between how much you work and the amount of money you make. How did they acquire their knowledge or what knowledge did they need to acquire? See above. How much money did it take to get started? It took him about $42,000 cash to acquire his first facility. How much time does it take now? This is a tough one to nail down as Gary is an active entrepreneur who’s schedule varies greatly. Some weeks it’s 20 hours, other weeks it could be 80 hours. Could they do this strategy from anywhere in the world? Yes, Gary sets his facilities up to run remotely. Episode Highlights: Schedule a video chat with Neil Henderson at http://www.roadtofamilyfreedom.com/storage (roadtofamilyfreedom.com/storage) How an earlier career in commercial and agricultural lending prepared him for buying commercial real estate assets like self-storage The details of buying his first self-storage facility back in 1999 What it was the caused him to shift from residential real estate to commercial The hardest part about being a self-storage owner And much more… Books and Resources Mentioned The Road to Family Freedom: https://www.roadtofamilyfreedom.com/ (roadtofamilyfreedom.com) Website: http://www.garyedmondsstorage.com/ (Gary Edmonds Storage) Facebook: https://www.facebook.com/The-Storage-Manager-102054078322474 (The Storage Manager) Email: gary@getstoragehere.com Follow Us: https://www.facebook.com/roadtofamilyfreedom/ (facebook.com/roadtofamilyfreedom/) https://www.instagram.com/roadtofamilyfreedom/?hl=en (instagram.com/roadtofamilyfreedom/) https://twitter.com/r2familyfreedom (twitter.com/r2familyfreedom) Other Stuff: If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests. For show notes and past guests, please visit https://www.roadtofamilyfreedom.com/episodes/ (roadtofamilyfreedom.com/episodes/) Discover the tools and services we use, visit https://www.roadtofamilyfreedom.com/ (roadtofamilyfreedom.com/resources/)
Amanda Bolan – Multifamily investor, wife, and mother to 3 small children. Being active previously on flips, underway on a small development, she and her husband have narrowed their focus to multifamily properties for long term wealth creation. At the beginning of 2020, they closed on a 12 unit apartment deal as their first rental property., In this episode, we talk about getting started flipping properties, how they ended up buying a larger property than they thought they could afford, the challenge of acquiring their first property during the beginning of a pandemic, and how they got past the fear of the unknowns of buying their first property. Post-Interview Analysis Key Lessons Learned. Don’t be afraid to ask for things even if you think the answer will be no. The answer is always no if you never ask. If you’re uncomfortable asking for things, practice in low-stakes situations like in line at Starbucks. Ask for a 10% discount. The answer will likely be no, but you’ll condition yourself to understand that the world doesn’t end when someone says no. Also, don’t let the price of something stop you, within reason. Real estate is one of those situations where you can often find something that you want to buy and then figure out how to pay for it later. How did they acquire their knowledge or what knowledge did they need to acquire? They learned a lot from listening to the BiggerPockets Podcast, but they also ended up hiring a mentor to accelerate their learning. How much money did it take to get started? They had to come to the table with about $85,000 to buy a $1.1 million property, and only about $14,500 of that was for the down payment, the rest was for renovations and reserves. How much time does it take now? The time commitment to managing the property is pretty minimal at this point because they have a property manager. Things are more intense when they are in the middle of an acquisition or searching for a property. Could they do this strategy from anywhere in the world? They invest locally at this point, but given they have a property manager handling the day to day management of the property, this is probably a strategy they could do from almost anywhere. Episode Highlights: Schedule a video chat with Neil Henderson at http://www.roadtofamilyfreedom.com/storage (roadtofamilyfreedom.com/storage) Getting started flipping properties How they ended up buying a larger property than they thought they could afford The challenge of acquiring their first property during the beginning of a pandemic How they got past the fear of the unknowns of buying their first property And much more… Books and Resources Mentioned The Road to Family Freedom: https://www.roadtofamilyfreedom.com/ (roadtofamilyfreedom.com) Instagram: https://www.instagram.com/multifamilyamanda/ (@multifamilyamanda) Follow Us: https://www.facebook.com/roadtofamilyfreedom/ (facebook.com/roadtofamilyfreedom/) https://www.instagram.com/roadtofamilyfreedom/?hl=en (instagram.com/roadtofamilyfreedom/) https://twitter.com/r2familyfreedom (twitter.com/r2familyfreedom) Other Stuff: If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests. For show notes and past guests, please visit https://www.roadtofamilyfreedom.com/episodes/ (roadtofamilyfreedom.com/episodes/) Discover the tools and services we use, visit https://www.roadtofamilyfreedom.com/ (roadtofamilyfreedom.com/resources/)
Wendell Long – Serial Entrepreneur, Self-Storage Investor and owner of Mint Hill Self-Storage talks to Neil Henderson and Brittany Henderson, the hosts of The Road to Family Freedom podcast. Wendell got his start in the manufacturing equipment business and has been successfully operating that business for 20 plus years. In addition, he has over 30 years of experience in commercial and residential real estate, including rezoning and development. He has 5 current commercial development projects, including warehousing facilities, self-storage and parking, and commercial leasing. He opened his first self-storage facility in 2008 and is building and expanding his second and third facilities now. In this episode, we talk to Wendell about how he built his first self-storage facility in phases with modular units, the tax and financing benefits of using modular units, the biggest mistake he sees aspiring self-storage investors make, and some of the ways he creatively finances his self-storage deals. Post-Interview Analysis Key Lessons Learned. This is a sales business. At the end of the day, you have got to figure out a way to fill your funnel with potential self-storage deals. How did they acquire their knowledge or what knowledge did they need to acquire? He did a paid mentorship with Scott Meyers at Self Storage Insiders. He was also a serial entrepreneur before he got into storage so he came into the business with a lot of knowledge about operating a business. How much money did it take to get started? Tough one to answer as he already owned the parcel of land and operated several businesses on it. He built his facility in phases using tractor-trailer parking and modular storage buildings. It cost him about $50,000 to bring in those first few units. How much time does it take now? Tough one to answer as Wendell has his hands in so many different businesses. Could they do this strategy from anywhere in the world? They like to stick close to home. Episode Highlights: Schedule a video chat with Neil Henderson at http://www.roadtofamilyfreedom.com/storage (roadtofamilyfreedom.com/storage) Building his first self-storage facility in phases using modular units The tax and financing benefits of building out a self-storage facility in phases The biggest mistakes aspiring self-storage investors make when starting out Some of the various ways he creatively finances his self-storage deals And much more… Books and Resources Mentioned The Road to Family Freedom: https://www.roadtofamilyfreedom.com/ (roadtofamilyfreedom.com) Website: http://www.minthillselfstorage.com (Mint Hill Self Storage) Facebook: https://www.facebook.com/wendell.long.71 (Wendell Long) Phone Number: 704-533-2961 Follow Us: https://www.facebook.com/roadtofamilyfreedom/ (facebook.com/roadtofamilyfreedom/) https://www.instagram.com/roadtofamilyfreedom/?hl=en (instagram.com/roadtofamilyfreedom/) https://twitter.com/r2familyfreedom (twitter.com/r2familyfreedom) Other Stuff: If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests. For show notes and past guests, please visit https://www.roadtofamilyfreedom.com/episodes/ (roadtofamilyfreedom.com/episodes/) Discover the tools and services we use, visit https://www.roadtofamilyfreedom.com/ (roadtofamilyfreedom.com/resources/)
Natalie Cloutier – Real Estate Investor from The New Build Couple talks to Neil Henderson and Brittany Henderson, the hosts of The Road to Family Freedom podcast. Natalie started her investing journey along with her husband when they were just 20 years old with zero dollars in the bank by building their own home from the ground up. They then used an 18-month interest-free credit card from Home Depot to build a basement apartment, got a HELOC, and kept going from there. They have acquired a total of 12 doors so far, with an additional eight that are currently under construction. In this episode, we talk to Natalie about how they got started in real estate investing at such a young age, some of the lessons learned in those early days, how house hacking is real estate is investing with training wheels, and how they have scaled from one door to what will soon be 20 build and hold rental doors. Post-Interview Analysis Key Lessons Learned. The difference between development and in-fill building. With development, you’re dealing with raw land, getting in properly zoned and entitled, getting all of the services built out there, and having environmental impact studies done. With in-fill, the land is already ready to go, for the most part. Much less risk and a shorter time frame. How did they acquire their knowledge or what knowledge did they need to acquire? She grew up in a construction family and she and her husband went to school to become architects. She does the building design, and he does the cost estimations. How much money did it take to get started? It cost them about $8,000 of their own money to build their first house with a basement apartment. How much time does it take now? This is more than a full-time job for both her and her husband. Could they do this strategy from anywhere in the world? Right now, no. They are directly involved with the day to day operations, especially on the build side and they primarily stick to properties that are 15 minutes away. Episode Highlights: Schedule a video chat with Neil Henderson at http://www.roadtofamilyfreedom.com/storage (roadtofamilyfreedom.com/storage) How they got started in real estate investing at such a young age Some of the lessons learned in those early days How house hacking is real estate is investing with training wheels How they have scaled from one door to what will soon be 20 build and hold rental doors And much more… Books and Resources Mentioned The Road to Family Freedom: https://www.roadtofamilyfreedom.com/ (roadtofamilyfreedom.com) Website: https://www.thenewbuildcouple.com/ (The New Build Couple) Instagram: https://www.instagram.com/thenewbuildcouple/ (@thenewbuildcouple) Follow Us: https://www.facebook.com/roadtofamilyfreedom/ (facebook.com/roadtofamilyfreedom/) https://www.instagram.com/roadtofamilyfreedom/?hl=en (instagram.com/roadtofamilyfreedom/) https://twitter.com/r2familyfreedom (twitter.com/r2familyfreedom) Other Stuff: If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests. For show notes and past guests, please visit https://www.roadtofamilyfreedom.com/episodes/ (roadtofamilyfreedom.com/episodes/) Discover the tools and services we use, visit https://www.roadtofamilyfreedom.com/ (roadtofamilyfreedom.com/resources/)
Jason Yarusi and Pili Yarusi – Multifamily Syndicators and co-founders of Yarusi Holdings, talk to Neil Henderson and Brittany Henderson, co-hosts of The Road to Family Freedom podcast. In 2016 they founded Yarusi Holdings, a multifamily investment firm currently with over 800 units under management. The firm repositions properties through operational efficiencies, moderate to extensive renovations, and complete rebranding. Jason and Pili also host "The Jason and Pili Project" a Youtube Channel and Podcast that sets the foundation for building Mental Fortitude, Growing Wealth, and Improving Health by providing actionable steps (and avoiding missteps). Their monthly meetup, The New Jersey Multifamily Foundation Club has over 2,000 members and focuses on Real Estate Syndication. In this episode we talk to Jason and Pili about their journey into multi-family syndication after pursuing a variety of real estate strategies, from flipping to wholesaling to small multifamily, to even moving entire houses. We talk about what led them to shift gears and focus on apartment syndication, and we spend a lot of time talking about building a mindset that will allow you to start taking action on your goals today. Post-Interview Analysis Key Lessons Learned. Don’t wait to know everything before you get started, you will NEVER know all that you need to know. Just get started with some kind of action, learn from taking that action, and know that you will get better each time. Also, start with small consistent action is going to serve you better than trying to immediately take massive action. Think of trying to climb Mount Killamanjaro. You don’t wake up one day after being a couch potato and decide to climb that mountain the next day, you start with taking a 5-minute walk and building on that. How did they acquire their knowledge or what knowledge did they need to acquire? Jason and Pili found local mentors who help them get started in real estate. When they decided to go bigger with multifamily syndication, they hired a paid mentor. How much money did it take to get started? They got started purchasing and rehabbing a duplex for about $45,000. Their first multifamily syndication was purchased for $2.3 million, of which most of that money was raised from private investors. How much time does it take now? We didn’t get into specifics about time, most real estate syndicators will tell you it’s a full-time job. Could they do this strategy from anywhere in the world? From the United States, yes. Syndicating these larger deals allows for on-site property management and maintenance. Once you are buying properties at that level, you are mostly managing the managers. Episode Highlights: Schedule a video chat with Neil Henderson at http://www.roadtofamilyfreedom.com/storage (roadtofamilyfreedom.com/storage) The details of purchasing their first investment property and how they built a portfolio of small multifamily units What it was that led them to shift gears from residential real estate into commercial real estate The mind shift of “raising capital” versus “providing opportunities” Their daily show Second Cup of Coffee and their new book And much more… Books and Resources Mentioned The Road to Family Freedom: https://www.roadtofamilyfreedom.com/ (roadtofamilyfreedom.com) Website: http://www.yarusiholdings.com/ (Yarusi holdings) YouTube: https://www.youtube.com/channel/UC1SuXB01d14DC8ZnEWpRQdQ (Jason and Pili Project) Facebook: https://www.facebook.com/jason.yarusi (Jason Yarusi) Twitter: https://twitter.com/jasonyarusi (@JasonYarusi) Book: http://www.fitrichlife.com/ (How To Master A Fit Rich Life In 15 Days) Follow Us: https://www.facebook.com/roadtofamilyfreedom/ (facebook.com/roadtofamilyfreedom/) https://www.instagram.com/roadtofamilyfreedom/?hl=en (instagram.com/roadtofamilyfreedom/) https://twitter.com/r2familyfreedom (twitter.com/r2familyfreedom) Other Stuff: If you enjoy the...
Frazier Robison – The owner of Titan Self Storage talks to Neil Henderson and Brittany Henderson, the hosts of The Road to Family Freedom podcast. Frazier is a self-storage investor from the Pacific Northwest who has purchased five facilities in less than two years. He documents his journey and experiences as the owner/operator of a self-storage business to his 360,000 followers on the short-form social media video sharing platform TikTok. In this episode, we talk to Frazier about how he found his way into storage, how he purchased his first facility by partnering with his brother, the ways in which he manages the day to day operations of his three facilities, as well as how he has become TikTok’s self-storage star. Post-Interview Analysis Key Lessons Learned. Focus on finding the deal before you focus on finding the money. Real estate is one of the few investment strategies that allow you to find something you want to buy, and then go find the money to buy it. Don’t get bogged down trying to find the money. Find a good deal and the money will come. Don’t feel like you need to know everything before you start taking action. Take consistent daily action and learn from doing! How did they acquire their knowledge or what knowledge did they need to acquire? He went to the Inside Self Storage show in Las Vegas. He also just learned by doing. He manages the day to day operations of his self-storage facilities, so that’s obviously where he has learned the most. How much money did it take to get started? He and his brother put down 25% on a $1.1 million self-storage facility, so about $275,000. But of that down payment, Frazier only put in $19,500 of his own capital. How much time does it take now? This is a full-time job. He is managing three self-storage facilities all on his own without any employees. Could they do this strategy from anywhere in the world? Not at the moment as he is directly involved with the day to day operations of his self-storage facilities. He and his brother are looking to expand beyond their local area. Episode Highlights: Schedule a video chat with Neil Henderson at http://www.roadtofamilyfreedom.com/storage (roadtofamilyfreedom.com/storage) How he found his way into storage How he purchased his first facility by partnering with his brother The ways in which he manages the day to day operations of his three facilities How he has become TikTok’s self-storage star And much more… Books and Resources Mentioned The Road to Family Freedom: https://www.roadtofamilyfreedom.com/ (roadtofamilyfreedom.com) TikTok: https://www.tiktok.com/@frazierrei?source=h5_m (@frazierrei) LinkTree: https://linktr.ee/frazierrei (FrazierREI) Follow Us: https://www.facebook.com/roadtofamilyfreedom/ (facebook.com/roadtofamilyfreedom/) https://www.instagram.com/roadtofamilyfreedom/?hl=en (instagram.com/roadtofamilyfreedom/) https://twitter.com/r2familyfreedom (twitter.com/r2familyfreedom) Other Stuff: If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests. For show notes and past guests, please visit https://www.roadtofamilyfreedom.com/episodes/ (roadtofamilyfreedom.com/episodes/) Discover the tools and services we use, visit https://www.roadtofamilyfreedom.com/ (roadtofamilyfreedom.com/resources/)
Josh and Marcie Rathbun – Real Estate Investors and co-founders of Silver Lining Homes talk to Neil Henderson, the host of The Road to Family Freedom podcast. Josh and Marcie have grown their rental property portfolio from Zero to Fifty units in just a year and a half. They began accumulating properties while Josh had a full-time job, and Marcie worked as the property manager. In that short amount of time, they have achieved enough financial independence to set off on a family adventure to travel the United States by RV full time. In this episode, we talk to Josh and Marcie about how they purchased a portfolio of investment properties using a loan from a small local bank, how they borrowed the downpayment from a family member, and how they funded the rehab costs with a HELOC on their primary residence. We also talk about the importance of building long-term business relationships with contractors rather than transactional relationships. Finally, we get some details on their plan to downsize and hit the road in an RV full time with their family. Post-Interview Analysis Key Lessons Learned. Focus on people before you focus on deals. Real estate is a people business and you want to be building long-term relationships with people not transactional relationships. How did they acquire their knowledge or what knowledge did they need to acquire? They spent about two years listening to podcasts and they read books. How much money did it take to get started? Almost zero. They bought a portfolio of properties using an 80% loan to value loan from a local bank, they borrowed the money for the down payment from a family member and used a HELOC on their primary residence to fund the rehab. How much time does it take now? When they are in acquisition mode, it takes Josh about 20 to 30 hours per week. For Marcie, as the property manager, she spends about 10 hours per week maintaining their portfolio. When they have a unit to fill, her work load increases to about 20 to 30 hours a week as well. Could they do this strategy from anywhere in the world? Yes! They are about to embark on a family adventure traveling around the United States in an RV full time. Episode Highlights: Schedule a video chat with Neil Henderson at http://www.roadtofamilyfreedom.com/storage (roadtofamilyfreedom.com/storage) How they purchased a portfolio of investment properties using a loan from a small local bank How they borrowed the downpayment from a family member How they funded the rehab costs with a HELOC on their primary residence The importance of building long-term business relationships with contractors rather than transactional relationships And much more… Books and Resources Mentioned The Road to Family Freedom: https://www.roadtofamilyfreedom.com/ (roadtofamilyfreedom.com) Website: http://www.silverlininghomesllc.com (Silver Lining Homes) Resource: https://www.dealmachine.com/ (Deal Machine) Resource: https://www.any.do/ (Any.do App) Resource: https://www.anylist.com/ (AnyList) Resource: https://drive.google.com/ (Google Drive) Resource: https://www.buildium.com/ (Buildium) Follow Us: https://www.facebook.com/roadtofamilyfreedom/ (facebook.com/roadtofamilyfreedom/) https://www.instagram.com/roadtofamilyfreedom/?hl=en (instagram.com/roadtofamilyfreedom/) https://twitter.com/r2familyfreedom (twitter.com/r2familyfreedom) Other Stuff: If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests. For show notes and past guests, please visit https://www.roadtofamilyfreedom.com/episodes/ (roadtofamilyfreedom.com/episodes/) Discover the tools and services we use, visit https://www.roadtofamilyfreedom.com/ (roadtofamilyfreedom.com/resources/)
Eric Upchurch – Real Estate Investor and Army Veteran from Active Duty, Passive Income talks to Neil Henderson and Brittany Henderson, the hosts of The Road to Family Freedom podcast. Eric has a passion for educating the military community on how to create long term wealth through real estate investing, while personally investing across the country for the last fourteen years. He serves as Co-Founder of Active Duty Passive Income (ADPI) and is a Senior Managing Partner with ADPI Capital. Most recently, Eric’s team has opened a nationwide, first-of-its-kind 100% employee-owned mortgage branch, real estate brokerage, as well as an insurance company – all with the goal of serving the ADPI community of military real estate investors. In this episode we talk to Eric about how he became an accidental landlord when he purchased his first house with a VA loan, we talk about his passion for teaching other veterans the power of house hacking, we talk about his specific strategy of live-in flips and how that allowed him to build capital for investing in large multifamily, and finally, we talk about the key to successful networking. Post-Interview Analysis Key Lessons Learned. Networking is about focusing on the OTHER person’s needs before your own. You will have much greater success networking if you go into each interaction trying to find out what the other person needs, and how you can perhaps help them. How did they acquire their knowledge or what knowledge did they need to acquire? He went to a real estate seminar and did the upsell, upsell, upsell, and found himself in a mentoring program. How much money did it take to get started? He was able to get into his first property by taking advantage of the Veteran’s Administration’s zero percent down loan program offered to military veterans. How much time does it take now? He spends about 10 hours per week on his real estate endeavors. Could they do this strategy from anywhere in the world? Yes, he has transitioned into buying larger multifamily properties across the country. Episode Highlights: Schedule a video chat with Neil Henderson at http://www.roadtofamilyfreedom.com/storage (roadtofamilyfreedom.com/storage) How he became an accidental landlord when he purchased his first house with a VA loan His passion for teaching other veterans the power of house hacking His specific strategy of live-in flips and how that allowed him to build capital for investing in large multifamily The key to successful networking And much more… Books and Resources Mentioned The Road to Family Freedom: https://www.roadtofamilyfreedom.com/ (roadtofamilyfreedom.com) Website: http://www.activedutypassiveincome.com/ (Active Duty, Passive Income) Website: http://www.ericupchurch.com/ (EricUpchurch.com) Facebook: https://www.facebook.com/groups/MilitaryRealEstateInvesting/ (Military Real Estate Investing) Facebook: https://www.facebook.com/eric.upchurch.7 (Eric Upchurch) Email: eric@activedutypassiveincome.com Instagram: https://www.instagram.com/realericupchurch/ (@realericupchurch) LinkedIn: https://www.linkedin.com/in/ericupchurch/ (Eric Upchurch) Resource: https://www.benefits.va.gov/homeloans/ (VA Home Loans) Follow Us: https://www.facebook.com/roadtofamilyfreedom/ (facebook.com/roadtofamilyfreedom/) https://www.instagram.com/roadtofamilyfreedom/?hl=en (instagram.com/roadtofamilyfreedom/) https://twitter.com/r2familyfreedom (twitter.com/r2familyfreedom) Other Stuff: If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests. For show notes and past guests, please visit https://www.roadtofamilyfreedom.com/episodes/ (roadtofamilyfreedom.com/episodes/) Discover the tools and services we use, visit https://www.roadtofamilyfreedom.com/ (roadtofamilyfreedom.com/resources/)
Scott Krone – Self Storage Investor from Coda Management Group talks to Neil Henderson of The Road to Family Freedom Podcast. Scott is a Chicago native whose career began in architecture in 1991. In 2012, Krone founded Coda Management Group - a firm that specializes in managing real estate assets. Since its inception, Coda has managed a wide range of real estate including single and multi-family homes, retail, commercial warehouse, self-storage, and multi-use flex athletic spaces. In this episode we talk to Scott about his company’s specialty, which is converting older buildings into Class A self-storage facilities, we talk about the challenges of dealing with city zoning departments, we talk about the kinds of building they stay away from, and finally, we talk about an existing tax loophole called Opportunity Zones that allows you to wipe out the tax burden on all capital gains. Post-Interview Analysis Key Lessons Learned. If you can find a way to take advantage of Opportunity Zones, you have a chance to make your investors very happy as they can grow the offset existing capital gains and grow their investment with you, nearly tax-free. Episode Highlights: Schedule a video chat with Neil Henderson at http://www.roadtofamilyfreedom.com/storage (roadtofamilyfreedom.com/storage) Converting older buildings into Class A self-storage facilities The challenges of dealing with city zoning departments The kinds of building they stay away from A tax loophole called Opportunity Zones that can, if used correctly, allow you to wipe out the tax burden on all capital gains And much more… Books and Resources Mentioned The Road to Family Freedom: https://www.roadtofamilyfreedom.com/ (roadtofamilyfreedom.com) Website: http://www.codamg.com (Coda Management Group) Facebook: https://www.facebook.com/CodaManagementGroup (Coda Management Group) Resource: https://www.irs.gov/credits-deductions/opportunity-zones-frequently-asked-questions (IRS FAQ - Opportunity Zones) Resource: https://www.novoco.com/sites/default/files/mapbox/opzone/gozone_map_18.html (Opportunity Zone Mapping Tool) Follow Us: https://www.facebook.com/roadtofamilyfreedom/ (facebook.com/roadtofamilyfreedom/) https://www.instagram.com/roadtofamilyfreedom/?hl=en (instagram.com/roadtofamilyfreedom/) https://twitter.com/r2familyfreedom (twitter.com/r2familyfreedom) Other Stuff: If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests. For show notes and past guests, please visit https://www.roadtofamilyfreedom.com/episodes/ (roadtofamilyfreedom.com/episodes/) Discover the tools and services we use, visit https://www.roadtofamilyfreedom.com/ (roadtofamilyfreedom.com/resources/)
Fernando Angelucci – self-storage investor and co-founder of Titan Wealth Group talks to Neil Henderson and Brittany Henderson, co-hosts of The Road to Family Freedom podcast. Fernando got his start in real estate when he was just 23 on the residential side of the world with wholesaling small deals and acquiring residential rentals. He then went on to build a multi-family rental portfolio. Two years ago he made the switch to self-storage and has grown his self-storage portfolio to upwards of 260,000 square feet producing more than $550,000 in Net Operating Income per year and did it in less than 24 months. In this episode, we are going to dig deep into how Fernando fills his funnel with self-storage deals, how he builds rapport with owners, and how he underwrites potential deals. If you have an interest in finding self-storage facilities to purchase, this high-level conversation is for you. Post-Interview Analysis Key Lessons Learned. First, build a marketing system that provides constant contact with potential sellers, starting with the cheapest method of contact, text messaging, then cold calling, then ramping up to the most expensive method of contact, direct mail. Second, this is all about building rapport with owners, and it takes a LOT longer than residential real estate. Expect to be building rapport for about six months. Episode Highlights: Schedule a video chat with Neil Henderson at http://www.roadtofamilyfreedom.com/storage (roadtofamilyfreedom.com/storage) How he has purchased 10 self-storage facilities in the past 24 months The types of facilities he and his partners are targeting The hub and spoke management model he is using to manage his facilities His initial process for a high-level initial look at a prospective facility And much more… Books and Resources Mentioned The Road to Family Freedom: https://www.roadtofamilyfreedom.com/ (roadtofamilyfreedom.com) Website: https://www.titanwealthgroup.com/ (Titan Wealth Group) Website: https://www.thestoragestud.com/ (The Storage Stud) Resource: https://www.taskrabbit.com/ (Task Rabbit) Resource: https://www.fiverr.com/ (Fiverr) Resource: https://www.exactdata.com/ (Exact Data) Resource: https://leadsherpa.com/ (Lead Sherpa) Resource: https://skipgenie.com/ (Skip Genie) Resource: https://www.radiusplus.com/ (Radius Plus) Resource: https://www.yardimatrix.com/Property-Types/Self-Storage (Yardi Matrix) LinkedIn: https://www.linkedin.com/in/thestoragestud (Fernando Angelucci) Twitter: https://twitter.com/thestoragestud (@TheStorageStud) Instagram: https://www.instagram.com/thestoragestud/ (@TheStorageStud) Follow Us: https://www.facebook.com/roadtofamilyfreedom/ (facebook.com/roadtofamilyfreedom/) https://www.instagram.com/roadtofamilyfreedom/?hl=en (instagram.com/roadtofamilyfreedom/) https://twitter.com/r2familyfreedom (twitter.com/r2familyfreedom) Other Stuff: If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests. For show notes and past guests, please visit https://www.roadtofamilyfreedom.com/episodes/ (roadtofamilyfreedom.com/episodes/) Discover the tools and services we use, visit https://www.roadtofamilyfreedom.com/ (roadtofamilyfreedom.com/resources/)
Mandy McAllister – a multifamily real estate investor, mindset ninja, eternal learner, coach, and dot connector talks to Neil Henderson and Brittany Henderson from The Road to Family Freedom podcast. Mandy followed volleyball to Mercer University in Georgia where she was awarded Top Graduate in Marketing. Soon after, she moved to Chicago to do a Masters in Economics and began work at the Board of Trade. Her professional career transitioned to Medical Device Sales where she was a perennial top performer. After many years of “chasing commission,” she has made it her mission to secure financial freedom for her family and others through syndications and coaching individuals to realize their personal potential. As a real estate investor, her expertise includes repositioning underperforming assets to increase cash flow and value. She currently has a portfolio of 198 doors, primarily B- class workforce housing. Mandy has found success in college towns with student housing as well as urban centers. Her passion is to help others define their path to financial freedom especially women through her platform, Aspiring Women Achieving More. We talk to Mandy about her first small multifamily purchase and the uncommon way she was able to increase cash flow, her definition of “forever money”, some bad recommendations she hears from other real estate investors, and why she finds a one million dollar loan to be the sweet spot for investing in multifamily. Post-Interview Analysis Key Lessons Learned. What do you want your life to look like once your real estate investment business is up and producing income? Reverse engineer how much income you want to be earning along with what your day to day life is going to look like once you’re earning that income and build a real estate portfolio that gives you that. Also, don’t be afraid to go where other investors won’t, that’s likely where the money is. How did they acquire their knowledge or what knowledge did they need to acquire? She needed to understand debt, especially the different kinds of commercial real estate loan options. How much money did it take to get started? $36,000 down on her first investment property. How much time does it take now? She is a full-time investor. This is a full-time job. Episode Highlights: Schedule a video chat with Neil Henderson at http://www.roadtofamilyfreedom.com/storage (roadtofamilyfreedom.com/storage) The details of her first small multifamily purchase and the uncommon way she was able to increase cash flow Her definition of “forever money” Some bad recommendations she hears from other real estate investors Why she finds a one million dollar loan to be the sweet spot for investing in multifamily And much more… Books and Resources Mentioned The Road to Family Freedom: https://www.roadtofamilyfreedom.com/ (roadtofamilyfreedom.com) Website: https://www.mandymcallister.com/ (Mandy McAllister) Facebook: https://www.facebook.com/MandyMcAllisterRE (Mandy McAllister) Facebook Group: https://www.facebook.com/groups/awamgroup/ (Aspiring Women Achieving More) Resource: https://www.mandymcallister.com/post/financial-goals-calculator (Financial Goals Calculator) Follow Us: https://www.facebook.com/roadtofamilyfreedom/ (facebook.com/roadtofamilyfreedom/) https://www.instagram.com/roadtofamilyfreedom/?hl=en (instagram.com/roadtofamilyfreedom/) https://twitter.com/r2familyfreedom (twitter.com/r2familyfreedom) Other Stuff: If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests. For show notes and past guests, please visit https://www.roadtofamilyfreedom.com/episodes/ (roadtofamilyfreedom.com/episodes/) Discover the tools and services we use, visit https://www.roadtofamilyfreedom.com/ (roadtofamilyfreedom.com/resources/)
Frank Scappaticci – a former financial services consultant, Army Officer, and West Point graduate turned real estate investor and entrepreneur. After over a year of hesitation, he finally decided to make real estate his full-time profession while partnering with Grayline Investments. Since that time, he and his partners at Grayline have turbocharged a home buying system that is closing on up to 30 deals a month and is primarily focused around towns with military bases. We talk about why he and his team have decided to focus on towns with military bases, how they are marketing to up to 200,000 potential sellers per month, the various ways they are acquiring those properties, the various exit strategies they are using to sell them, and the training he and his team took that he says has led them to scale so quickly Post-Interview Analysis Key Lessons Learned. Tell everyone you know what you are doing and what you are looking for. For example: “I’m a self-storage investor. We buy existing self-storage facilities and vacant buildings that could be converted to self-storage in the Sunbelt. We buy these assets with cash, and some with loans, and we use private lenders who become equity partners in our deals. They share in the cash flow and the profits when we sell. When we find a deal that we are considering, we call them and offer them a share of the ownership secured by the property. Our partners love this because the returns are generally higher than the stock market, and less risky because they actually own a percentage of an asset that they can see, and touch, unlike anything they buy on Wall Street.” How did they acquire their knowledge or what knowledge did they need to acquire? Frank had to learn sales. If you are an entrepreneur, you are almost always going to be selling in some form or another. Sales is often described as leading a buyer to find what it is they already want. How much money did it take to get started? He put down about $20,000 to purchase a single-family rental in Killeen, TX for $91,000. How much time does it take now? This is a full-time job for him now. He is a full-time real estate investor. Could they do this strategy from anywhere in the world? Yes, he lives in New York but invests in Texas, Tennessee, and North Carolina. Episode Highlights: Schedule a video chat with Neil Henderson at https://www.roadtofamilyfreedom.com/selfstoragecall/ (roadtofamilyfreedom.com/selfstoragecall) Frank’s journey from West Point graduate, Army Officer, to financial services, to now a full-time real estate investor The details of his first investment property purchase, a single-family rental in Killeen, TX The importance of getting that first deal under your belt and not feeling like you need to swing for the fences, just get on base How he raised a million dollars in 23 days from private equity investors And much more… Books and Resources Mentioned The Road to Family Freedom: https://www.roadtofamilyfreedom.com/ (roadtofamilyfreedom.com) Email: frank@graylineinvestments.com Website: https://www.graylineinvestments.com/ (Grayline Investments) Facebook: https://www.facebook.com/graylineinvestments (Grayline Investments) Resource: https://blackjackre.com/bill-allen/ (BlackJack Real Estate - Bill Allen) Resource: https://www.propstream.com/ (PropStream) Resource: https://leadsherpa.com/ (Lead Sherpa) Resource: https://www.loom.com/ (Loom) Resource: https://monday.com/ (Monday) Book: https://www.amazon.com/How-Win-Friends-Influence-People/dp/0671027034/ref=sr_1_3?crid=2GRY9M0BUA9AC&dchild=1&keywords=how+to+win+friends+and+influence+people&qid=1605553155&sprefix=how+to+%2Caps%2C382&sr=8-3 (How to Win Friends and Influence People) by Dale Carnegie Book:...
Marla Colic – is a former self-storage owner and now broker from Missouri who has been in the industry since 2010. Marla’s knowledge of the storage asset class includes storage ownership, management, consulting, and brokerage. In 2016, Marla joined Marcus & Millichap as a real estate broker where she facilitates the acquisition and disposition of Self Storage assets across Missouri and the Midwest. Marla is a partner with First Vice President Investments Anne Williams-Blackwell and the Williams Storage Group, which includes over 30-year storage experience. The Williams Storage Group sold over $60 million in storage in 2019. In this episode, we talk to Marla about how she bought her first Self Storage Facility fresh off giving birth to her daughter, her journey into becoming a self-storage broker, and some fantastic advice about how prospective buyers of self-storage can build relationships with owners and brokers. Post-Interview Analysis Key Lessons Learned. If you are considering buying a self-storage facility, start making calls to lenders first. Those relationships take a while to build and you want to be able to answer yes when a self-storage broker asks you if you’ve lined up a lender. It also gives you an idea of how large a facility you can afford. Now, given that commercial lending is based on the asset, not the borrower, this is not as big an issue as it would be for a piece of residential real estate. How did they acquire their knowledge or what knowledge did they need to acquire? She had a paid mentorship with her eventual business partner Anne Williams. How much money did it take to get started? She and her husband put down approximately $150,000 to purchase a $750,000 facility. Most of the funds for that property came from credit cards and a home equity loan on their primary residence. How much time does it take now? This is a full-time job. Could they do this strategy from anywhere in the world? No, she is focused on helping put together self-storage buyers and sellers in the Midwest market of the United States. Episode Highlights: Schedule a video chat with Neil Henderson at https://www.roadtofamilyfreedom.com/selfstoragecall/ (roadtofamilyfreedom.com/selfstoragecall) How she networked with other self-storage owners in order to acquire her facility What works better for contacting self-storage owners, a targeted market-specific approach, or a shotgun mass mailing approach How does the typical first conversation with a self-storage owner go The challenges of building rapport with self-storage owners during the time of COVID-19 And much more… Books and Resources Mentioned The Road to Family Freedom: https://www.roadtofamilyfreedom.com/ (roadtofamilyfreedom.com) Website: https://www.williamsstoragegroup.com/exclusive-listings-1 (Williams Storage Group) Facebook: https://www.facebook.com/marla.colic.7/ (Marla Colic) Email: marla.colic@marcusmillichap.com Phone Number: 314-889-2524 Resource: https://www.liveoakbank.com/ (Live Oak Bank) Follow Us: https://www.facebook.com/roadtofamilyfreedom/ (facebook.com/roadtofamilyfreedom/) https://www.instagram.com/roadtofamilyfreedom/?hl=en (instagram.com/roadtofamilyfreedom/) https://twitter.com/r2familyfreedom (twitter.com/r2familyfreedom) Other Stuff: If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests. For show notes and past guests, please visit https://www.roadtofamilyfreedom.com/episodes/ (roadtofamilyfreedom.com/episodes/) Discover the tools and services we use, visit https://www.roadtofamilyfreedom.com/ (roadtofamilyfreedom.com/resources/)
Tony Pernelli – is a self-storage investor from Pennsylvania who got his start investing in multifamily and flips. In this week’s episode, you’ll hear how he self-managed over 100 residential doors while holding down a full-time job and why that experience pushed him into investing in self-storage facilities. In just two years, Tony has built a portfolio of 6 facilities and counting in several locations in the South. In this episode we talk to Tony about purchasing his first self-storage facility, what was it that attracted him to storage from working a full-time job while managing over 100 residential units. The very simple airport method he uses to decide on markets he wishes to invest in, and finally some of the unexpected frustrations he faces as a self-storage owner. Post-Interview Analysis Key Lessons Learned. When you are dealing with residential real estate, there are two main factors you are dealing with - mechanical systems and people. The benefit of storage is the people's interaction is diminished and the mechanical systems are simplified. How did they acquire their knowledge or what knowledge did they need to acquire? He’s had to learn how to evaluate self-storage opportunities. How much money did it take to get started? He put down 25% on a $305,000 self-storage facility, so about $61,000. How much time does it take now? He spends about four to six hours a week on acquisitions, but only about an hour on management. Could they do this strategy from anywhere in the world? Yes, he currently invests at a distance. Episode Highlights: Schedule a video chat with Neil Henderson at https://www.roadtofamilyfreedom.com/selfstoragecall/ (roadtofamilyfreedom.com/selfstoragecall) Purchasing his first self-storage facility What attracted him to self-storage after self-managing 100 residential units while holding down a full-time job The very simple airport method he uses to decide which markets he will invest in Some unexpected frustrations he faces as a self-storage owner And much more… Books and Resources Mentioned The Road to Family Freedom: https://www.roadtofamilyfreedom.com/ (roadtofamilyfreedom.com) Facebook: https://www.facebook.com/profile.php?id=100008809715279 (Tony Pernelli) Follow Us: https://www.facebook.com/roadtofamilyfreedom/ (facebook.com/roadtofamilyfreedom/) https://www.instagram.com/roadtofamilyfreedom/?hl=en (instagram.com/roadtofamilyfreedom/) https://twitter.com/r2familyfreedom (twitter.com/r2familyfreedom) Other Stuff: If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests. For show notes and past guests, please visit https://www.roadtofamilyfreedom.com/episodes/ (roadtofamilyfreedom.com/episodes/) Discover the tools and services we use, visit https://www.roadtofamilyfreedom.com/ (roadtofamilyfreedom.com/resources/)
German & Oscar Buendia – brothers and co-founders of Good Day Capital, talk to Neil Henderson, the host of The Road to Family Freedom podcast. German and Oscar were both serving in the military, but only recently began investing in multifamily. Sparked by a family scare while deployed, Oscar and German decided to build up a multifamily portfolio to provide some flexibility. After overcoming limiting beliefs, they built relationships online to do their first deal in Ohio, a 20 unit multifamily portfolio. They’ve got a great story about how they overcame a lot of their limiting beliefs and found their first multifamily deal through networking and the decision that they faced when taking on a property that size, and whether or not they should try to bring on private capital. Post-Interview Analysis Key Lessons Learned. Hire out what you aren’t good at. If you aren’t great on the phone but you are great at analyzing deals, find someone who’s great on the phone to partner with. Take stock of where you are lacking and find a partner who supplements what you don’t have. How did they acquire their knowledge or what knowledge did they need to acquire? They hired mentors who were experts in multifamily. How much money did it take to get started? It took them a little over $200,000 to purchase an $821,000 property. They chose to use their own money for this deal while they learned the ropes, rather than risking the capital of outside investors. How much time does it take now? It’s pretty much a full-time job, which is true of many syndicators. Between looking for deals, raising capital, and managing the asset, it adds up. Could they do this strategy from anywhere in the world? Yes, they currently live in Colorado and California, but they invest in Ohio and they are about to start investing in Florida. Episode Highlights: Schedule a video chat with Neil Henderson at https://www.roadtofamilyfreedom.com/selfstoragecall/ (roadtofamilyfreedom.com/selfstoragecall) Why they chose to tackle a 20-unit property right out of the gate rather than starting small The choice to use their own money and not bring in private capital How relentless online and then in-person networking led to them finding their first deal Red flags that indicate people you shouldn’t be involved with And much more… Books and Resources Mentioned The Road to Family Freedom: https://www.roadtofamilyfreedom.com/ (roadtofamilyfreedom.com) Website: https://gooddaycapital.com/ (Good Day Capital) Instagram: https://www.instagram.com/rei_brothers/ (@rei_brothers) LinkedIn: https://www.linkedin.com/in/oscarbuendia/ (Oscar Buendia) LinkedIn: https://www.linkedin.com/in/germanbuendia/ (German Buendia) Follow Us: https://www.facebook.com/roadtofamilyfreedom/ (facebook.com/roadtofamilyfreedom/) https://www.instagram.com/roadtofamilyfreedom/?hl=en (instagram.com/roadtofamilyfreedom/) https://twitter.com/r2familyfreedom (twitter.com/r2familyfreedom) Other Stuff: If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests. For show notes and past guests, please visit https://www.roadtofamilyfreedom.com/episodes/ (roadtofamilyfreedom.com/episodes/) Discover the tools and services we use, visit https://www.roadtofamilyfreedom.com/ (roadtofamilyfreedom.com/resources/)
Scott Meyers – founder of SelfStorageInvesting.com and Kingdom Storage focuses on syndicating self-storage deals and helping others launch their own self-storage business to enjoy a lifestyle as his saying goes, “ free from tenants, toilets, and trash!” Scott Meyers is the principal in 16 facilities totaling over 7,500 units and over 2 million square feet of storage and has converted over 30 facilities totaling over 12,000 units and over 2 million square feet of Storage. He is also the Founder and President of SelfStorageInvesting.com (Self-Storage Profits, Inc.), a leading self-storage education company that offers courses, live events, and mentoring/coaching. His company was started back in 2006 for the purpose of acquiring, developing, and operating self-storage facilities. And has raised over $20 million in syndicates and private equity partnerships that continue to fuel their growth. Post-Interview Analysis Key Lessons Learned: It’s good to have goals, but don’t let the overwhelming desire to achieve a goal pressure yourself into making a deal work because you feel like you have to when you might be better off walking away from a bad deal. Make the goal, but focus on the daily discipline of actions that will get you to the goal. Also, pay attention to what the property taxes are going to do AFTER you purchase a piece of real estate. How did they acquire their knowledge or what knowledge did they need to acquire? He took courses on self-storage and hired a consultant to help him. How much money did it take to get started? He put $50,000 along with his partner, $100,000 total, and used a seller carryback to acquire their first facility. How much time does it take now? This is a full-time job for Scott. He has multiple facilities, an education company, and he’s raising capital for deals. Could they do this strategy from anywhere in the world? Yes, pretty much from anywhere in the country. Episode Highlights: Schedule a video chat with Neil Henderson at https://www.roadtofamilyfreedom.com/selfstoragecall/ (roadtofamilyfreedom.com/selfstoragecall) How he built a portfolio of residential real estate properties before switching to self-storage when he discovered how much work owning that many residential units were. The details of his first self-storage facility purchase Some bad recommendations he hears from others in the self-storage industry What he sees for the self-storage industry over the next 12-18 months And much more… Books and Resources Mentioned The Road to Family Freedom: https://www.roadtofamilyfreedom.com/ (roadtofamilyfreedom.com) Twitter: https://twitter.com/SelfStorageGuy (@SelfStorageGuy) Instagram: https://www.instagram.com/self_storage_investing/ (@self_storage_investing) Website: https://passivestorageinvesting.com/ (Passive Storage Investing) Facebook: https://www.facebook.com/selfstorageinvesting (Self Storage Investing) Follow Us: https://www.facebook.com/roadtofamilyfreedom/ (facebook.com/roadtofamilyfreedom/) https://www.instagram.com/roadtofamilyfreedom/?hl=en (instagram.com/roadtofamilyfreedom/) https://twitter.com/r2familyfreedom (twitter.com/r2familyfreedom) Other Stuff: If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests. For show notes and past guests, please visit https://www.roadtofamilyfreedom.com/episodes/ (roadtofamilyfreedom.com/episodes/) Discover the tools and services we use, visit https://www.roadtofamilyfreedom.com/ (roadtofamilyfreedom.com/resources/) https://besteverconference.regfox.com/best-ever-conference-2021?r=NEIL1216 (Attend the 2021 Best Ever Conference)
Anam & Aamir Hashambhai – co-founders of Opulent Realty talk to Neil Henderson and Brittany Henderson, the hosts of The Road to Family Freedom podcast. Anam and Aamir are a Dallas, TX-based husband and wife team who purchased their first investment property three years ago with their entire savings. Three years later they have a few million under management and show no signs of slowing down. They currently have 15 units purchased through the BRRRR Strategy and they are looking to get to 20 by the end of the year. Post-Interview Analysis Key Lessons Learned: Have very well defined acquisition criteria, this allows you to very quickly screen properties for whether or not you should dig deeper. How did they acquire their knowledge or what knowledge did they need to acquire? They had to learn how to determine good areas to invest in. This led them to develop a screening system they call A.R.E.A. (Area, Retail, Education, ARV). Meaning they look for nice areas with decent employment, near retail, near good schools, with properties that they can acquire for 55-65% of After Repair Value. How much money did it take to get started? About $120,000 to fund the cash purchase of their first deal, that they then did a cash-out refinance on. How much time does it take now? During acquisition, it takes about 40-50 hours per week, but once a property is up and running, it’s more like 1 hour per week. Could they do this strategy from anywhere in the world? Yes Episode Highlights: Schedule a video chat with Neil Henderson at https://www.roadtofamilyfreedom.com/selfstoragecall/ (roadtofamilyfreedom.com/selfstoragecall) How Anam and Aamir pooled together their life savings along with some credit cards to fund the purchase and rehab of their first single-family rental The details of that first single-family rental investment How they find their deals through wholesalers but avoid being overwhelmed by the flow of deals Their system for quickly analyzing a deal for whether they should proceed And much more… Books and Resources Mentioned The Road to Family Freedom: https://www.roadtofamilyfreedom.com/ (roadtofamilyfreedom.com) Instagram: https://www.instagram.com/rehabrental/ (@rehabrental) Resource: https://www.buildium.com/ (Buildium) Resource: https://www.biggerpockets.com/podcast (Bigger Pockets Podcast) Follow Us: https://www.facebook.com/roadtofamilyfreedom/ (facebook.com/roadtofamilyfreedom/) https://www.instagram.com/roadtofamilyfreedom/?hl=en (instagram.com/roadtofamilyfreedom/) https://twitter.com/r2familyfreedom (twitter.com/r2familyfreedom) Other Stuff: If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests. For show notes and past guests, please visit https://www.roadtofamilyfreedom.com/episodes/ (roadtofamilyfreedom.com/episodes/) Discover the tools and services we use, visit https://www.roadtofamilyfreedom.com/ (roadtofamilyfreedom.com/resources/) https://besteverconference.regfox.com/best-ever-conference-2021?r=NEIL1216 (Attend the 2021 Best Ever Conference)
Elenis Camargo – co-founder of Third Stone Properties talks to Neil Henderson and Brittany Henderson, the hosts of The Road to Family Freedom podcast. Elenis and her husband began their real estate investing journey when they bought their first investment property sight-unseen, long-distance from their home in Brooklyn, NY before they made the move to their investing market of Jacksonville, FL. They have since built a portfolio of four single-family rentals and continue to grow their portfolio while self-managing. Post-Interview Analysis Key Lessons Learned: Don’t be afraid of inherited tenants. Don’t let it be a reason you don’t buy a good deal. How did they acquire their knowledge or what knowledge did they need to acquire? Learning to develop processes for effective property management How much money did it take to get started? $23,000 to buy and do light rehab on a $90,000 property How much time does it take now? Difficult to determine exactly, but probably 30+ hours per week. Could they do this strategy from anywhere in the world? Yes, but she’s probably going to have to hand over property management to someone else. Episode Highlights: Schedule a video chat with Neil Henderson at https://www.roadtofamilyfreedom.com/selfstoragecall/ (roadtofamilyfreedom.com/selfstoragecall) How Elenis and her husband bought their first single-family rental off the MLS long-distance, sight-unseen from their previous home in Brooklyn, NY. The challenges of dealing with an inherited tenant Details of the purchase of their first single-family investment property How they used listing agents to place their tenants but self-manage once a tenant is in place, thereby increasing their cash flow And much more… Books and Resources Mentioned The Road to Family Freedom: https://www.roadtofamilyfreedom.com/ (roadtofamilyfreedom.com) Instagram: https://instagram.com/investoremc2?igshid=mxi30ejgko54 (@investoremc2) Website: http://thirdstoneproperties.com (Third Stone Properties) Resource: https://www.cozy.co (Cozy.co) Resource: https://quickbooks.intuit.com/ (Quickbooks) Resource: https://www.stessa.com/ (Stessa) Resource: http://zillow.com (Zillow) Resource: https://www.trulia.com/ (Trulia) Follow Us: https://www.facebook.com/roadtofamilyfreedom/ (facebook.com/roadtofamilyfreedom/) https://www.instagram.com/roadtofamilyfreedom/?hl=en (instagram.com/roadtofamilyfreedom/) https://twitter.com/r2familyfreedom (twitter.com/r2familyfreedom) Other Stuff: If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests. For show notes and past guests, please visit https://www.roadtofamilyfreedom.com/episodes/ (roadtofamilyfreedom.com/episodes/) Discover the tools and services we use, visit https://www.roadtofamilyfreedom.com/ (roadtofamilyfreedom.com/resources/) https://besteverconference.regfox.com/best-ever-conference-2021?r=NEIL1216 (Attend the 2021 Best Ever Conference)
Antoine Martel – the co-founder of Martel Turnkey, talks to Neil Henderson and Brittany Henderson, the hosts of The Road to Family Freedom podcast. Antoine is a 25-year-old real estate investor from Toronto, Canada. While still in college Antoine learned about real estate investing and knew it was his calling. From his dorm room, he completed his first BRRRR (Buy, Rehab, Rent, Refinance, Repeat) project out of state with his father's $40,000. Since then Antoine and his family have completed over 200 real estate projects and currently have a $14M real estate portfolio. They have also helped create $50,000/mo of cash flow for their clients of MartelTurnkey.com. Post-Interview Analysis Key Lessons Learned: In real estate, it’s important to focus on building long-term relationships and avoiding transactional relationships. You will get much better work out of a contractor who sees you as a source of consistent work, than a contractor who sees you as a one-time gig. Also, when building a team in a new market, start with property managers, not realtors. The property managers are going to know the better rental sub-markets and they will have better resources. They are also an example of someone who will be in a long-term relationship, as opposed to the more transactional real estate agent. How did they acquire their knowledge or what knowledge did they need to acquire? He had to learn how to build a team in a new market. How much money did it take to get started? About $40,000 that he borrowed from his father. How much time does it take now? It’s a full-time job as he is heavily involved in selling their inventory of homes using their turnkey strategy. Could they do this strategy from anywhere in the world? Yes and no. For him, he’s running the business, and he probably needs to be present to keep his business working. For his clients, obviously yes, it’s completely passive. Episode Highlights: Schedule a video chat with Neil Henderson at https://www.roadtofamilyfreedom.com/selfstoragecall/ (roadtofamilyfreedom.com/selfstoragecall) How Antoine borrowed $40,000 to buy his first rental property long-distance in Memphis, TN. What it was that initially attracted him to the Memphis, TN market. Who is the first team member you should seek out when investing in real estate long distance? It’s not a real estate agent. How they are finding buyers for their turnkey properties And much more… Books and Resources Mentioned The Road to Family Freedom: https://www.roadtofamilyfreedom.com/ (roadtofamilyfreedom.com) Instagram: @MartelAntoine Twitter: @MartelAntoine Website: https://martelturnkey.com/ (Martel Turnkey) Resource: https://www.zoho.com/ (Zoho) - Customer Relations Management Resource: https://zapier.com/ (Zapier) - Automation Follow Us: https://www.facebook.com/roadtofamilyfreedom/ (facebook.com/roadtofamilyfreedom/) https://www.instagram.com/roadtofamilyfreedom/?hl=en (instagram.com/roadtofamilyfreedom/) https://twitter.com/r2familyfreedom (twitter.com/r2familyfreedom) Other Stuff: If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests. For show notes and past guests, please visit https://www.roadtofamilyfreedom.com/episodes/ (roadtofamilyfreedom.com/episodes/) Discover the tools and services we use, visit https://www.roadtofamilyfreedom.com/ (roadtofamilyfreedom.com/resources/)
Zach Quick – full-time self-storage investor primarily focused on value-add facilities in the midwest. Zach and his wife began their investing journey by building a residential/multi-family portfolio over 5 years before pivoting into self-storage. While expanding their residential/multi-family portfolio Zach worked for two Fortune 500 companies related to Retail and Staffing Management. After selling their residential portfolio and purchasing several self-storage properties Zach jumped into the role of investor full-time. Zach and his wife and their beautiful daughter reside in Northwest Arkansas. In this episode, we get a rundown on Zach’s first self-storage deal, and how he has grown his portfolio to seven facilities in just two years. Post-Interview Analysis Key Lessons Learned: Pay attention to your limiting beliefs. The average person will tell themselves, it’s not possible for me to buy seven self-storage facilities in 24 months. If you tell yourself you can‘t do it, you won’t. Instead, ask yourself HOW could I do it? Also, remember, you don’t need to know everything before you get started. You will never know everything you need to know to proceed. It’s better to get started and learn as you go than to sit and try to learn everything before you take action. How did they acquire their knowledge or what knowledge did they need to acquire? He pretty much just listened to the BiggerPockets podcast as much as he could. How much money did it take to get started? $101,000 that he used as a down payment on a seller finance deal. How much time does it take now? It’s a full-time job but he loves it and he has control over his time. Could they do this strategy from anywhere in the world? Yes, as long as he had access to his phone and wifi, he could call who he needed to call to handle things on the ground. Episode Highlights: Schedule a video chat with Neil Henderson at https://www.roadtofamilyfreedom.com/selfstoragecall/ (roadtofamilyfreedom.com/selfstoragecall) How he built a portfolio of residential real estate properties before switching to self-storage two years ago because he felt stuck in residential The power of consistent cash flow, forced appreciation, and value-add you get from commercial real estate The story of buying his first 37,000 square foot self-storage facility using owner finance How he is managing his self-storage facilities And much more… Books and Resources Mentioned The Road to Family Freedom: https://www.roadtofamilyfreedom.com/ (roadtofamilyfreedom.com) LinkedIn: https://www.linkedin.com/in/zach-quick-720862a1?trk=public_profile_like_actor-name (Zach Quick) Website: ZachQuick.com Facebook: https://www.facebook.com/zach.quick.520 (Zach Quick) Follow Us: https://www.facebook.com/roadtofamilyfreedom/ (facebook.com/roadtofamilyfreedom/) https://www.instagram.com/roadtofamilyfreedom/?hl=en (instagram.com/roadtofamilyfreedom/) https://twitter.com/r2familyfreedom (twitter.com/r2familyfreedom) Other Stuff: If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests. For show notes and past guests, please visit https://www.roadtofamilyfreedom.com/episodes/ (roadtofamilyfreedom.com/episodes/) Discover the tools and services we use, visit https://www.roadtofamilyfreedom.com/ (roadtofamilyfreedom.com/resources/) https://besteverconference.regfox.com/best-ever-conference-2021?r=NEIL1216 (Attend the 2021 Best Ever Conference)
Ali Boone – the founder of Hipster Investments, is a real estate investor and lifestyle entrepreneur and has literally defined non-conformity when it comes to her career. Ali left her corporate 9-to-5 job as an Aerospace Engineer, despite the “dream job” status that came with it, to start her real estate investing company, Hipster Investments. Hipster managed to facilitate over $18M in real estate investment transactions in its first five years of business. Ali’s primary focus in real estate, and with Hipster, revolves around passive income and passive investment options, and she is most involved with turnkey rental properties. In this episode, we get an update from Ali about the good and the bad of her first foray into life as a landlord of a duplex in her hometown. We talk about what she calls the Three Currencies you need to focus on when beginning your real estate investing journey, and the difference between Working versus Investing, and how that impacts the various real estate investing strategies you might choose to focus on. Post-Interview Analysis Key Lessons Learned: Begin with the end in mind and take stock of what you have before beginning your real estate investment journey. Do you really have the time to invest actively? If you lack the time to invest actively, might you be better off focusing on your core income-producing endeavors and seek out more passive opportunities with slightly lower returns. Episode Highlights: Schedule a video chat with Neil Henderson at https://www.roadtofamilyfreedom.com/selfstoragecall/ (roadtofamilyfreedom.com/selfstoragecall) After years of owning rental properties, Ali Boone became an actual landlord for the first time about two years ago. We check in with how that’s going for her. Ali Boone has a new book out called NOT Your How-To Guide to Investing in Real Estate. It’s not a book about the nuts and bolts of any particular real estate investing strategy, it’s a book about the mindset of a real estate investor. The Three Currencies of every potential real estate investor must consider and why they are important Beginning with the end in mind and understanding the difference between Working and Investing as it pertains to different real estate investment strategies. And much more… Books and Resources Mentioned The Road to Family Freedom: https://www.roadtofamilyfreedom.com/ (roadtofamilyfreedom.com) Get Your https://www.hipsterinvestments.com/roadtofreebook/ (Free Copy) of Ali Boone’s new book https://www.hipsterinvestments.com/roadtofreebook/ (NOT Your How-To Guide to Real Estate Investing) Twitter: https://twitter.com/HipsterInvest (@HipsterInvest) Website: https://www.hipsterinvestments.com/ (Hipster Investments) Facebook: https://www.facebook.com/HipsterInvestments/ (Hipster Investments) Instagram: https://www.instagram.com/hipsterinvest/ (@HipsterInvest) Follow Us: https://www.facebook.com/roadtofamilyfreedom/ (facebook.com/roadtofamilyfreedom/) https://www.instagram.com/roadtofamilyfreedom/?hl=en (instagram.com/roadtofamilyfreedom/) https://twitter.com/r2familyfreedom (twitter.com/r2familyfreedom) Other Stuff: If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests. For show notes and past guests, please visit https://www.roadtofamilyfreedom.com/episodes/ (roadtofamilyfreedom.com/episodes/) Discover the tools and services we use, visit https://www.roadtofamilyfreedom.com/ (roadtofamilyfreedom.com/resources/)
Nick Prefontaine – real estate investor specializing in lease purchases, talks to Neil Henderson and Brittany Henderson, the hosts of The Road to Family Freedom podcast. Nick tells the story of how a snowboarding accident left him in a coma for three weeks, his journey to real estate investing which began with knocking on the doors of pre-foreclosures at age 16 and 17. As part of a family-run real estate business at Smart Real Estate Coach, Nick specializes in working with lease purchasers to get them into a home and on to the path of homeownership. Post-Interview Analysis Key Lessons Learned: Trust the process. One of the great things about real estate is that it is easy to replicate other’s success, especially if they have a process that you can follow. If they do, trust the process and stick to it. Also, don’t get too bogged down in the details. Focus on the next task in front of you. Do that task, learn from it, and then get on to the next task at hand. How did they acquire their knowledge or what knowledge did they need to acquire? He learned by doing. He came from a real estate family and got started knocking on doors of pre-foreclosures as a 16 to 17-year-old. How much money did it take to get started? About $1,000. How much time does it take now? It’s a full-time job as he is heavily involved in selling their inventory of homes using their lease-purchase strategy. Could they do this strategy from anywhere in the world? Yes, but it really requires an extensive team on the ground in the market. They often partner with students across the country. Episode Highlights: Schedule a video chat with Neil Henderson at roadtofamilyfreedom.com/selfstoragecall (https://www.roadtofamilyfreedom.com/selfstoragecall/) How a snowboarding accident left Nick in a coma for 3 weeks, and how he ran out of the hospital 3 months later How he got his start in real estate investing knocking on the doors of pre-foreclosures as a 16 and 17-year-old The power of being able to learn from a mentor by watching them work An explanation of what it means to buy and sell real estate “on terms” And much more… Books and Resources Mentioned The Road to Family Freedom: roadtofamilyfreedom.com (https://www.roadtofamilyfreedom.com/) Book: Cashflow Quadrant (https://amzn.to/306hMHX) by Robert Kiyosaki Webinar: Real Estate On Your Terms (http://smartrealestatecoach.com/play/) Free Book: NewRulesforFree.com (http://newrulesforfree.com) Follow Us: facebook.com/roadtofamilyfreedom/ (https://www.facebook.com/roadtofamilyfreedom/) instagram.com/roadtofamilyfreedom/ (https://www.instagram.com/roadtofamilyfreedom/?hl=en) twitter.com/r2familyfreedom (https://twitter.com/r2familyfreedom) Other Stuff: If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests. For show notes and past guests, please visit roadtofamilyfreedom.com/episodes/ (https://www.roadtofamilyfreedom.com/episodes/) Discover the tools and services we use, visit roadtofamilyfreedom.com/resources/ (https://www.roadtofamilyfreedom.com/)