The Real Estate Way to Wealth and Freedom

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Are you interested in Real Estate Investing, but don't know how or where to start? Are you a young professional or just starting to explore the possibility of investing in cash flowing real estate? The Real Estate Way to Wealth and Freedom podcast aims to help people just like you build wealth and achieve financial freedom through real estate investing, with a focus on investing in apartment buildings. With actionable content from weekly interviews with real estate investors, lenders, brokers, tax attorneys, and other real estate professionals, you'll have the education necessary to begin your real estate investing journey. Jacob Ayers is a young professional who started investing in real estate at the age of 25. As a real estate investor and entrepreneur, Jacob aspires to help you achieve financial freedom through real estate investing. If terms such as passive income, lifestyle engineering, wealth creation, and freedom resonate with you, then you're sure to get value from this podcast! If you want to live a life of fulfillment while doing the things you love, then this is the podcast for you!

Jacob Ayers


    • Nov 22, 2021 LATEST EPISODE
    • every other week NEW EPISODES
    • 28m AVG DURATION
    • 276 EPISODES

    Listeners of The Real Estate Way to Wealth and Freedom that love the show mention: thanks jacob, jacob does a great job, jacob and his guests, ayers, value value, world of real estate, loving the show, great real estate, investing in real estate, fundamentals, real estate investing, real estate investor, highly recommend this show, real estate investment, financial freedom, podcast host, commercial, wealth, achieve, great questions.



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    Latest episodes from The Real Estate Way to Wealth and Freedom

    Lead Generation & Finding Off-Market Deals with Esteban Andrade

    Play Episode Listen Later Nov 22, 2021 45:56

    Esteban Andrade is an online entrepreneur, an expert in finding off-market deals, and motivated sellers, business owner, and founder and CEO of Hesel Media, a lead generation agency that is committed to helping people and scaling companies get more off-market property deals.  He is also the host of The Online Hustlers Podcast, the show will reveal the secrets of successful high-level entrepreneurs that turn hustles into multi-million dollar businesses. Currently, Esteban runs a successful Real Estate Investing Marketing Agency with lots of his REI partners all over the USA. KEY POINTS How Esteban got into the world of real estate investing Lesson learned from Esteban's very first deal Why Due Diligence is important in real estate investing Strategies on finding off-market deals Importance of Lead Generation in finding off-market deals Creative ways to close deals  LIGHTNING QUESTIONS 1.   What was your biggest hurdle getting started in real estate investing, and how did you overcome it?  Not knowing how to find off-market people, but started working and squading up with someone that's already doing deals and with longer experience really helps him.  2.   Do you have a personal habit that contributes to your success? Making sure to stay consistent. 3.   Do you have an online resource that you find valuable? Podcasts, YouTube,https://www.audible.com/ ( Audible), andhttps://www.biggerpockets.com/ ( BiggerPockets) 4.   What book would you recommend to the listeners and why? https://www.amazon.com/Never-Split-Difference-Negotiating-Depended/dp/0062407805 (Never Split the Difference) by Chris Voss  5.   If you were to give advice to your 20-year-old self to get started in real estate investing, what would it be? Don't be a chicken and just do it!  RESOURCES  https://heselmedia.com/ (Hesel Media) https://estebanandrade.com/ (Online Hustlers with Esteban Andrade) https://web.facebook.com/groups/609849489847412/?ref=pages_group_cta (Facebook Group) https://buildingdetroit.org/ (Detroit Land Bank Authority) Visithttp://m/gp/product/B00NB86OYE/ref=as_li_tl?ie=UTF8&tag=jacob0ee-20&camp=1789&creative=9325&linkCode=as2&creativeASIN=B00NB86OYE&linkId=100a9d2905599266aa7088bba0a33d55 ( Audible) for a free trial and free audiobook download!

    Achieving the Freedom System Through CRE with Mike Sowers

    Play Episode Listen Later Oct 12, 2021 46:07

    Mike Sowers is an entrepreneur,  licensed real estate contractor and broker,  Certified Commercial Investment Member - CCIM Designation, founder of CRETools Software Corporation, keynote speaker, author of the #1 Amazon bestselling book, "Commercial Real Estate Investing: A Step-By-Step Guide To Finding & Funding Your First Deal", host of the "CREative Commercial Real Estate Podcast", where he interviews the ultra-wealthy investors and uncover their secrets, and CEO of Commercial Investors Group, a company that repositioning commercial real estate assets across the country and franchising their system to help others do the same.   He designed and launched the most comprehensive commercial real estate investing training and education program available in the market, the "Commercial Investing Mastery." From 2005 to 2017 Mike rehabbed over 1,000 properties, mixing in wholesaling, flips, and rentals  KEY POINTS 2 types of risks in real estate 3 myths on commercial real estate investing Property valuation 7 steps to freedom system system Mike's CRE tools 7 Common mistakes in treating risks  LIGHTNING QUESTIONS 1.   What was your biggest hurdle getting started in real estate investing, and how did you overcome it? Trying to figure out how to pay for the property, therefore started by  going to seminars 2.   Do you have a personal habit that contributes to your success? Take a cold shower in the morning, be grateful, take time to think about the important things, and reflect. 3.   Do you have an online resource that you find valuable? Watching other people's real estate ads and programs, and spending dollars on coaching and mentorships. 4.   What book would you recommend to the listeners and why? https://www.amazon.com/Minute-Manager-Kenneth-Blanchard-Ph-D/dp/074350917X (The One Minute Manager) book by Ken Blanchard  5.   If you were to give advice to your 20-year-old self to get started in real estate investing, what would it be? You don't need a hundred thousand dollars to start in commercial real estate, and you can do it today with zero connections! RESOURCES https://podcasts.apple.com/us/podcast/creative-commercial-real-estate-show/id1455258480 (CREative Commercial Real Estate Podcast) http://discoverycallwithmike.com/ (Discovery Call with Mike) https://www.commercialinvestingmastery.com/book-offer-page (Commercialinvestingmastery.com/webinar) Commercialinvestingmastery/book  https://www.linkedin.com/in/mikesowers (LinkedIn) Visithttp://m/gp/product/B00NB86OYE/ref=as_li_tl?ie=UTF8&tag=jacob0ee-20&camp=1789&creative=9325&linkCode=as2&creativeASIN=B00NB86OYE&linkId=100a9d2905599266aa7088bba0a33d55 ( Audible) for a free trial and free audiobook download!  

    Six-Figure Fix and Flipping with Victor Jiracek

    Play Episode Listen Later Oct 4, 2021 32:06

    Viktor Jiracek is a full-time real estate investor, fix, and flipper who flips all types of properties including single-family, townhomes, condos, and mobile homes. Flipping is his passion as well as teaching others to do the same. He helps and mentors real estate beginners starting and making six-figures flipping houses. He is the Founder of the Asoka Health Care Company whose Focus is to consolidate the fragmented home health and hospice care industry. Last year he did 20 flips and his goal is 30 flips for 2021. His best flip was a $64k net profit deal that he ironically almost backed out of. Victor also does lease options, seller financing, short-term rentals, and long-term rentals.  KEY POINTS How did Victor get started in real estate Victor's very first deal and hurdles encountered Systems and processes for flipping  How to source deals How to source funds for fix & flips How to work with wholesalers as an investor Finding ideal properties and sellers Victor's worst and best deals Advice to first-time flippers LIGHTNING QUESTIONS 1.   What was your biggest hurdle getting started in real estate investing, and how did you overcome it? Victor, like many people, always thought it requires a huge sum of money to get started, so he applied creativity and started earlier. 2.   Do you have a personal habit that contributes to your success? Work on mindset daily with visualization, affirmation, and meditation. 3.   Do you have an online resource that you find valuable?  Victor's online https://viktorjiracek.com/flip-calculator1 (flip calculator) 4.   What book would you recommend to the listeners and why? https://amzn.to/2WCAOqN (Good to Grea)t by Jim Collins  5.   If you were to give advice to your 20-year-old self to get started in real estate investing, what would it be? Get started earlier! RESOURCES Check out https://trial.propstreampro.com/ayers/ (this link )for your free trial of Propstream https://viktorjiracek.com/home (Victor Jiracek) Victor's online https://viktorjiracek.com/flip-calculator1 (flip calculator) https://www.linkedin.com/in/viktor-jiracek-b8549156/ (LinkedIn) https://web.facebook.com/viktor.jiracek.5?_rdc=1&_rdr (Facebook) https://web.facebook.com/groups/sixfigureflippers/?__tn__=-UK*F (Six Figure Flipper) Facebook Group https://www.instagram.com/viktorjiracek/?hl=en (Instagram) Visithttp://m/gp/product/B00NB86OYE/ref=as_li_tl?ie=UTF8&tag=jacob0ee-20&camp=1789&creative=9325&linkCode=as2&creativeASIN=B00NB86OYE&linkId=100a9d2905599266aa7088bba0a33d55 ( Audible) for a free trial and free audiobook download!        

    Finding the Best Debt for your Commercial Deal with Tim Milazzo

    Play Episode Listen Later Sep 21, 2021 28:16

    Tim Milazzo is a commercial financing entrepreneur, and the co-founder & CEO of StackSource, a tech-enabled commercial real estate financing platform that has now completed more than $250 Million of commercial financing transactions. They are re-inventing the stagnant mortgage brokerage model with a tech-enabled marketplace/service. Prior to StackSource, he worked for Facebook and Google where he helped expand B2B marketplaces in ad tech. Years ago, he interned at a top NYC real estate company before the current real estate tech wave.   KEY POINTS Technology-enabled commercial debt financing  Understanding debt and financing for your next deal Different sources for debt financing Commercial Mortgage-Backed Securities (CMBS) Tim's projections on interest rates Common financing mistakes to avoid Best financing options for buying properties   LIGHTNING QUESTIONS 1. What was your biggest hurdle getting started in real estate investing, and how did you overcome it? Did not have the time and the knowledge, therefore invest passively as a Limited Partner.  2. Do you have a personal habit that contributes to your success? Exercise daily. 3. Do you have an online resource that you find valuable?  Subscribing to real estate, personal development, and tech podcasts  4. What book would you recommend to the listeners and why? https://www.goodreads.com/book/show/4989687-who (Who: The A Method for Hiring) book by Geoff Smart  5. If you were to give advice to your 20-year-old self to get started in real estate investing, what would it be? Start earlier in building relationships with people that you want to steal knowledge from, and start investing as an LP!  RESOURCES https://www.stacksource.com/ (Stacksource) https://www.linkedin.com/in/timmilazzo (LinkedIn) https://facebook.com/stacksource (Facebook) https://twitter.com/stacksource (Twitter) Visithttp://m/gp/product/B00NB86OYE/ref=as_li_tl?ie=UTF8&tag=jacob0ee-20&camp=1789&creative=9325&linkCode=as2&creativeASIN=B00NB86OYE&linkId=100a9d2905599266aa7088bba0a33d55 ( Audible) for a free trial and free audiobook download!

    COMMERCIAL REAL ESTATE INVESTING WITH TERRY PAINTER

    Play Episode Listen Later Aug 30, 2021 38:05

    Terry Painter is a real estate investor, a member of The Forbes Real Estate Council and is a contributing writer for Forbes Online Magazine, founder of Business Loan Store, and Apartment Loan Store, a company that offers a full line of apartment and multifamily loan options, and a creator of mortgage banking firm specializing in commercial lending in all 50 states since 1997. He has been a top producer for Lasalle Bank and Lehman Brothers.  He is the author of "The Encyclopedia of Commercial Real Estate Advice" published by John Wiley & Sons. He is also known for his exceptional investment consultations and stratagems. For 18 years, he has spoken nationally to commercial real estate investor groups and real estate professionals about commercial real estate investing and lending. For over 20 years, he has built strong correspondent relationships representing Fannie Mae, Freddie Mac, FHA/HUD, Life Companies, Wall Street conduits, Hedge Funds, Regional, and National Banks. KEY POINTS Property valuation Commercial real estate lending Commercial versus residential real estate investing Best return-driven investment in multifamily space Value-add real estate The risk of buying property based on a pro forma versus actuals Transitioning to the world of commercial real estate Common mistakes in commercial real estate investing Terry's investing outlook in 2021 LIGHTNING QUESTIONS 1.   What was your biggest hurdle getting started in real estate investing, and how did you overcome it? Trying to figure out what properties to buy that earn interest, and so find a mentor to help with it. 2.   Do you have a personal habit that contributes to your success? Eliminate distractions by not answering the phone, checking on emails, and social media all the time.  3.   Do you have an online resource that you find valuable? https://www.loopnet.com/ (LoopNet) 4.   What book would you recommend to the listeners and why? https://www.franklincovey.com/the-7-habits/ (The 7 Habits of Highly Effective People) book by Stephen Covey  5.   If you were to give advice to your 20-year-old self to get started in real estate investing, what would it be? Buy properties at a young age! RESOURCES https://www.amazon.com/Encyclopedia-Commercial-Real-Estate-Advice/dp/111962911X/ref=sr_1_1?dchild=1&qid=1630155927&refinements=p_27%3ATerry+Painter&s=books&sr=1-1 (The Encyclopedia of Commercial Real Estate Advice) https://apartmentloanstore.com/ (Apartment Loan Store) Visithttp://m/gp/product/B00NB86OYE/ref=as_li_tl?ie=UTF8&tag=jacob0ee-20&camp=1789&creative=9325&linkCode=as2&creativeASIN=B00NB86OYE&linkId=100a9d2905599266aa7088bba0a33d55 ( Audible) for a free trial and free audiobook download!  

    Investing in AirBNBs with Superhosts Maylssa and Taylor Meek

    Play Episode Listen Later Aug 23, 2021 41:48

    Malyssa and Taylor Meek are a husband and wife team of real estate investors and Airbnb Superhosts, with W2's as perfusionist and a lawyer. They're using their individual skills to achieve financial freedom by investing in and managing Airbnb rental properties. Malyssa uses her expertise in finding and setting up a place, decorating, and curating an experience for their guests.  Taylor focuses his attention on the backend, communicating with guests, handling bookings, and running the day-to-day operations. Currently, they are running three Airbnbs and also helping other investors manage their own Airbnb rentals. KEY POINTS How Taylor and Malyssa got into the Airbnb model Airbnb versus long-term rental models Rules of thumb in analyzing short term rentals How to increase your Airbnb return Managing your Airbnb property remotely Scaling your Airbnb business Important qualitative features of Airbnb investment property How Taylor and Malyssa promote their Airbnb properties  LIGHTNING QUESTIONS 1.   What was your biggest hurdle getting started in real estate investing, and how did you overcome it? Finding a cash-flowing property was difficult, but using an Airbnb model allowed them to buy a property and achieve the returns they needed.  2.  Do you have a personal habit that contributes to your success? Malyssa writes a daily journal on a list of priorities, and tasks. Taylor gets up early in the morning and works out. 3.   Do you have an online resource that you find valuable? https://www.stessa.com/ (Stessa) https://hello.pricelabs.co/ (PriceLabs) 4.   What book would you recommend to the listeners and why? https://www.amazon.com/Will-Teach-You-Be-Rich/dp/0761147489 (I Will Teach You To Be Rich) book by Ramit Sethi 5.   If you were to give advice to your 20-year-old self to get started in real estate investing, what would it be? Rethink our approach to our career, how you look at debt and student loans and start in real estate as early as you can! RESOURCES https://www.instagram.com/staywithmeek/ (Stay with Meek Instagram) https://linktr.ee/staywithmeek Email: Meekresidential@gmail.com Visithttp://m/gp/product/B00NB86OYE/ref=as_li_tl?ie=UTF8&tag=jacob0ee-20&camp=1789&creative=9325&linkCode=as2&creativeASIN=B00NB86OYE&linkId=100a9d2905599266aa7088bba0a33d55 ( Audible) for a free trial and free audiobook download!  

    RECESSION RESISTANT REAL ESTATE INVESTING WITH MARK KHURI

    Play Episode Listen Later Aug 16, 2021 34:05

    Mark Khuri is a real estate investor, CA Licensed Real Estate Broker, Managing Partner at Aerial Investment Management, Vice-President and Co-founder of SMK Capital Management LLC, a company that focuses on providing eligible investors with attractive returns through commercial income-producing real estate. Mark has been an avid real estate investor for over 15 years and has sourced, underwritten, acquired, raised capital, renovated, managed, and sold both residential and commercial real estate investments throughout multiple markets in the US. He has analyzed hundreds of investment opportunities and has successfully bought, renovated, sold, and invested in over 120 properties with a combined value of over $1 billion and created and managed over 40 real estate partnerships with investors. KEY POINTS Pivoting to deeply discounted distressed residential real estate Top four (4) asset classes that yield high returns What diversification means to Mark Importance of building relationships with operating partners Best investment opportunities today Underwriting multifamily deals Reasons why Mark rejected deals  LIGHTNING QUESTIONS 1.What was your biggest hurdle getting started in real estate investing, and how did you overcome it? Getting comfortable with the numbers. Therefore, surrounded himself with a partner that has the experience and hired a mentor to help him get started. 2. Do you have a personal habit that contributes to your success? Wake up early, and read a lot. 3.Do you have an online resource that you find valuable? https://www.multihousingnews.com/ ( MultiHousing News) https://www.greenstreet.com/ ( Green Street) https://smkcap.com/5steps/ (smkcap.com/5steps/) 4. What book would you recommend to the listeners and why? https://www.amazon.com/Rich-Dad-Poor-Teach-Middle/dp/1612680194 (Rich Dad, Poor Dad) book by Robert Kiyosaki 5. If you were to give advice to your 20-year-old self to get started in real estate investing, what would it be? Start earlier and take advantage of the opportunity! RESOURCES https://smkcap.com/about-us/ (SMK Capital Management) Visithttp://m/gp/product/B00NB86OYE/ref=as_li_tl?ie=UTF8&tag=jacob0ee-20&camp=1789&creative=9325&linkCode=as2&creativeASIN=B00NB86OYE&linkId=100a9d2905599266aa7088bba0a33d55 ( Audible) for a free trial and free audiobook download!  

    CREATIVE SELLER FINANCING WITH BILL HAM

    Play Episode Listen Later Aug 2, 2021 45:31

    Bill is a real estate entrepreneur, speaker, coach, and mentor, and author of the book, “Creative Cash”, Chief Operating Officer at Broadwell Property Group, and owner and Senior Manager of Phoenix Residential Management, LLC, a company that has been operated a portfolio of over 1500residential units and has been in business since 2009. He did not come from a family of real estate people. However, for over 20 years of experience in it, he had a proven track record as he had built a massive portfolio on real estate multifamily with over a thousand units.  KEY POINTS 1.  Creative Seller Financing 2.  Creative Cash: How to go out and get deals 3.  Common real estate problems of sellers and properties 4.  Master Lease Options 5.  Knowing the values in your area 6.  Advantages of Creative Seller Financing for buyers and sellers 7.  How to avoid the Capital Expense Tsunami  LIGHTNING QUESTIONS 1. What was your biggest hurdle getting started in real estate investing, and how did you overcome it? The fear of the very first deal and the fear of someone saying, “YES”. But, get into the business that makes offers regularly really helped me get over that nervousness.  2. Do you have a personal habit that contributes to your success? A cup of coffee and the Wall Street Journal every morning.  3.  Do you have an online resource that you find valuable?    https://www.google.com/aclk?sa=L&ai=DChcSEwifvamQwZLyAhUGJCsKHbNcCXQYABAAGgJzZg&ae=2&sig=AOD64_1Z327AoN221xlbrQpq5oFJkdMOdA&q&adurl&ved=2ahUKEwiG86CQwZLyAhWQBd4KHTqaC7AQ0Qx6BAgCEAE (Clubhouse App ) 4. What book would you recommend to the listeners and why? https://www.amazon.com/Prince-Niccolo-Machiavelli/dp/1503017826 (The Prince) book by Niccolo Machiavelli https://www.amazon.com/Art-War-Sun-Tzu/dp/1599869772 (The Art of War) book by Sun Tzu RESOURCES Email: Bill@gobroadwell.com https://broadwellpropertygroup.com/ (Broadwell Property Group) https://www.amazon.com/Creative-Cash-Complete-Financing-Investing/dp/1544518579 (Creative Cash) book by Bill Ham https://creativeapartmentdeals.com/ (Creative Apartment Deals) Visithttp://m/gp/product/B00NB86OYE/ref=as_li_tl?ie=UTF8&tag=jacob0ee-20&camp=1789&creative=9325&linkCode=as2&creativeASIN=B00NB86OYE&linkId=100a9d2905599266aa7088bba0a33d55 ( Audible) for a free trial and free audiobook download!  

    FINDING MASSIVELY DISCOUNTED PROPERTIES WITH ZACK BOOTHE

    Play Episode Listen Later Jul 30, 2021 41:08

    Just a few years ago, Zack Boothe was a window cleaner. You can even find his window cleaning tutorial videos on YouTube with millions of views. Although he achieved success with his window cleaning business, he always dreamt of being a real estate investor. Taking a leap of faith, he walked away from window cleaning, and within a handful of years, he was making over a million dollars per year from real estate investing. Zack now has his own team and spends much of his time giving back and helping others get started in the competitive game of real estate. Zack is passionate about sharing how easy it is to be successful once you implement a system that consistently produces discounted properties. When he isn't helping people make money through real estate, Zack can be found spending time with his wife and two children and hiking the mountains of the Western United States. KEY POINTS 1. Going from a window cleaner to real estate investor 2. Building both money and time freedom with real estate 3. Zack's advice on how to start investing in real estate 4. How to build and keep up your positive belief system 5. Real estate wholesaling 6. Secrets on finding massively discounted properties LIGHTNING QUESTIONS 1. What was your biggest hurdle getting started in real estate investing, and how did you overcome it?  Trying to figure out myself, and trying to get traditional loans for everything. Overcome that by listening to podcasts and YouTube channels, and having a mentor. 2. Do you have a personal habit that contributes to your success? Always have a goal and focus on the day-to-day tasks that will hit the goal. 3.  Do you have an online resource that you find valuable? https://www.dealmachine.com/ ( DealMachine) App https://www.googleadservices.com/pagead/aclk?sa=L&ai=DChcSEwjpicyE5IXyAhURBGAKHS8aC20YABAAGgJ0bQ&ohost=www.google.com&cid=CAESQOD2MQWusk8Bx08G-0PnkQDtd2t1yIN5Ji56z9ow7FyrkSYY92JFEfHeiN2KJeBy8iuK-W7aJ7TR_NZ8mLe-20E&sig=AOD64_36hDxZfiQauaBAcT4l_uLBhl_y2w&q&adurl&ved=2ahUKEwi6icSE5IXyAhV2yYsBHWtoC4gQ0Qx6BAgCEAE (Google Calendar) 4. What book would you recommend to the listeners and why?       https://www.amazon.com/Rich-Dad-Poor-Teach-Middle/dp/1612680194 (Rich Dad Poor Dad) book by Robert Kiyosaki       https://www.amazon.com/Habits-Highly-Effective-People-Powerful/dp/0743269519 (The 7 Habits of Highly Effective People) book by Stephen Covey https://www.amazon.com/Secrets-Millionaire-Mind-Mastering-Wealth/dp/0060763280 (Secrets of the Millionnaire Mind) book by T. Harv Eker https://www.amazon.com/ABCs-Real-Estate-Investing-Investors/dp/1937832031 (The ABCs of Real Estate Investing) book by Ken McElroy 5.   If you were to give advice to your 20-year-old self to get started in real estate investing, what would it be? Start learning and educating yourself! RESOURCES https://dfdmastery.com/ (DFD Mastery) https://dfdmastery.com/podcast/ (Driving for Dollars Mastery Podcast) https://www.youtube.com/channel/UCL9LDToGJCruOImtdwvnXBw (YouTube) https://www.instagram.com/zackboothe/?hl=en (Instagram) https://www.facebook.com/dfdmastery/ (Facebook) https://www.tiktok.com/@therealzackboothe?lang=en (Tiktok) Visithttp://m/gp/product/B00NB86OYE/ref=as_li_tl?ie=UTF8&tag=jacob0ee-20&camp=1789&creative=9325&linkCode=as2&creativeASIN=B00NB86OYE&linkId=100a9d2905599266aa7088bba0a33d55 ( Audible) for a free trial and free audiobook download!          

    JUST START REAL ESTATE WITH MIKE SIMMONS

    Play Episode Listen Later Jul 10, 2021 54:56

    Mike Simmons, is a serial entrepreneur, CEO, business coach, speaker, author, host of the Just Start Real Estate Podcast, owner of a successful real estate investing company, and partner in one of the largest real estate mentorship companies. He personally works with hundreds of entrepreneurs to help them optimize and grow their businesses. He has shared the stage with Gary Vaynerchuk, Ryan Serhant, Jocko Willink, Russell Brunsson, Walter Bond, Andy Frisella, and Tom Ferry among others.   KEY POINTS How to make your own money work for you How to safely invest money for retirement Mike's secret sauce to success How to tell whether it's time to shift your career or retire The catalysts for a change in life How to hire effectively and scale your team Competition Perspective: How to win things Tips for becoming a better leader The Learn-Do Ratio LIGHTNING QUESTIONS 1. What was your biggest hurdle getting started in real estate investing, and how did you overcome it? Fear that he feels sick and disgusted but made him motivated.  2. Do you have a personal habit that contributes to your success? Compare-analyzing 3. Do you have an online resource that you find valuable? https://www.youtube.com/ (YouTube) 4. What book would you recommend to the listeners and why? https://www.amazon.com/Extreme-Ownership-U-S-Navy-SEALs-ebook/dp/B0739PYQSS/ref=redir_mobile_desktop?ie=UTF8&ref_=cm_cr_lh_d_bdcrb_top (Extreme Ownership) by Jocko Willink https://www.amazon.com/Traction-Get-Grip-Your-Business/dp/1936661837 (Traction) by Gino Wickman 5. If you were to give advice to your 20-year-old self to get started in real estate investing, what would it be? Figure out where you want to go, make a plan, and execute it. RESOURCES Visithttp://m/gp/product/B00NB86OYE/ref=as_li_tl?ie=UTF8&tag=jacob0ee-20&camp=1789&creative=9325&linkCode=as2&creativeASIN=B00NB86OYE&linkId=100a9d2905599266aa7088bba0a33d55 ( Audible) for a free trial and free audiobook download! https://mikesimmons.com/juststartrealestate/ (Just Start Real Estate Podcast) https://www.amazon.com/dp/1734832703/ref=sr_1_25?dchild=1&keywords=level+jumping&qid=1591040844&s=books&sr=1-25 (Level Jumping) book by Mike Simmons Text: JUST START send to 55444

    Listener Questions and Economic Updates with Damion Lupo

    Play Episode Listen Later May 31, 2021 32:14

    Damion Lupo joins us for his 4th appearance on the podcast, setting a record for repeat guest appearances! Damion is a serial entrepreneur, real estate investor, noted financial mentor, founder of the eQRP® , an ultimate investor retirement tool, host of Financial Underdogs Podcast, an American sensei, 5th Degree Black Belter, and founder of Yokido, a blend of Aikido and Yoga, creator of Black Belt Wealth, and best-selling author in personal finance. He has started and owned more than 50 different companies including an insurance agency, precious metals firms, a venture capital company, a coaching and consulting firm, and more than a dozen real estate investment and development companies!    KEY POINTS Damion's economic outlook  How to invest in an inflationary environment  Cryptocurrency pros and cons  Listener Questions from Ernest, Jarrod, and Connor Profit-sharing, and how small business owners benefit from the eQRP eQRP versus self-directed IRA Is there any risk with eQRP in the future Using technology to invest in real estate   RESOURCES https://podcasts.apple.com/us/podcast/financial-underdogs/id1479616768 (Financial Underdogs Podcast) https://www.eqrp.co/ (eQRP) Text: eQRP to 72000 For a FREE Report Visithttp://m/gp/product/B00NB86OYE/ref=as_li_tl?ie=UTF8&tag=jacob0ee-20&camp=1789&creative=9325&linkCode=as2&creativeASIN=B00NB86OYE&linkId=100a9d2905599266aa7088bba0a33d55 ( Audible) for a free trial and free audiobook download!          

    Buying Multifamily with a Day Job with Brian LaBrec

    Play Episode Listen Later May 24, 2021 19:54

    Brian LaBrec is an Engineer in Plastics, an entrepreneur, a mentor, real estate investor, and the Founder and CEO of the LaBrec Group, consisting of LaBrec Capital Investments and LaBrec Realty Solutions. LaBrec Capital Investments has a commercial real estate investment business that provides all the tools, resources, knowledge, and systems necessary to accelerate Multifamily Real Estate business and reduce risks.  Presently, Brian enjoys helping people pursue their own path to financial independence and teaching them how real estate investing can help them reach their goals!  KEY POINTS Why Brian stays in Corporate America while building his real estate investing portfolio Recovering from a burnt down, totally destroyed property Working towards financial freedom Work / Life balance with a W2 while investing in real estate   LIGHTNING QUESTIONS 1.   What was your biggest hurdle getting started in real estate investing, and how did you overcome it? It's the mindset and taking action, therefore he got coaches and mentors to help him through that. 2.   Do you have a personal habit that contributes to your success? Reading books every day. 3.   Do you have an online resource that you find valuable? https://www.biggerpockets.com/ ( )https://www.biggerpockets.com/ (BiggerPockets)  4.   What book would you recommend to the listeners and why? https://www.amazon.com/Millionaire-Mind-Thomas-J-Stanley/dp/0740718584 (The Millionaire Mind) book by Thomas Stanley  5.   If you were to give advice to your 20-year-old self to get started in real estate investing, what would it be?  Real estate, real estate, real estate. Everybody should start today! RESOURCES https://labreccapitalinvestments.com/ (Labreccapitalinvestments.com) https://www.linkedin.com/company/65316000 (LinkedIn) https://www.instagram.com/LabrecCapitalInvestment/ (Instagram) https://www.facebook.com/Labrec-Capital-Investments-101879454819922/ (Facebook) https://www.amazon.com/Rich-Dad-Poor-Teach-Middle/dp/1612680194 (Rich Dad Poor Dad) book by Robert Kiyosaki Visithttp://m/gp/product/B00NB86OYE/ref=as_li_tl?ie=UTF8&tag=jacob0ee-20&camp=1789&creative=9325&linkCode=as2&creativeASIN=B00NB86OYE&linkId=100a9d2905599266aa7088bba0a33d55 ( )http://m/gp/product/B00NB86OYE/ref=as_li_tl?ie=UTF8&tag=jacob0ee-20&camp=1789&creative=9325&linkCode=as2&creativeASIN=B00NB86OYE&linkId=100a9d2905599266aa7088bba0a33d55 (Audible) for a free trial and free audiobook download!

    Buying 60+ Rental Properties with a W-2 with Bo Kim

    Play Episode Listen Later May 10, 2021 41:17

    Bo Kim is a buy and hold real estate investor, a Software Implementation Manager, and has been working in the accounting industry for the past 7 years. He is also an avid writer on his blog, and founder and host of the Bigger Cash Flow podcast, a show aimed to help newbie real estate investors take back control of their finances.  Currently, he owns 63 rental units across the markets of Kansas City, Indianapolis, and Little Rock.   KEY POINTS Buying turnkey rental properties out of state How Bo lost money on the very first deal Using private lending to buy turn key rentals Leveraging time and expertise with turnkey providers Real estate investing tips for newbies Leading versus lagging measures   LIGHTNING QUESTIONS 1.   What was your biggest hurdle getting started in real estate investing, and how did you overcome it? The fear of the unknown, but breaking out of the shell by talking to other investors, and educating himself. 2.   Do you have a personal habit that contributes to your success? Not having any downtime by blocking off his time to enjoy whatever he wants, and get things done. 3.   Do you have an online resource that you find valuable? https://www.stessa.com/ ( Stessa) https://www.redfin.com/ (Redfin) 4.   What book would you recommend to the listeners and why? https://www.amazon.com/Set-Life-Dominate-American-Dream/dp/0997584718 (Set for Life) book by Scott Trench https://www.amazon.com/Rich-Dad-Poor-Teach-Middle/dp/1612680194 (Rich Dad Poor Dad) book by Robert Kiyosaki 5.   If you were to give advice to your 20-year-old self to get started in real estate investing, what would it be? Start buying real estate right away, don't wait!   RESOURCES https://www.biggercashflow.com/ (BiggerCashFlow.com) https://www.biggercashflow.com/bigger-cash-flow-podcast (Bigger Cash Flow Podcast) http://instagram.com/biggercashflow (Instagram) https://www.biggerpockets.com/ (BiggerPockets) Visithttp://m/gp/product/B00NB86OYE/ref=as_li_tl?ie=UTF8&tag=jacob0ee-20&camp=1789&creative=9325&linkCode=as2&creativeASIN=B00NB86OYE&linkId=100a9d2905599266aa7088bba0a33d55 ( Audible) for a free trial and free audiobook download!

    Why You Should Passively Invest in Multifamily with Spencer Gray

    Play Episode Listen Later May 3, 2021 35:23

    In his role as President, Spencer develops, leads and executes investment strategy, performs underwriting and due diligence of all assets in the Gray Capital portfolio, and interfaces with investors. Since founding Gray Capital, LLC Spencer has been involved in over $700 Million in transactions. Spencer is also President and CEO of Gray Properties, LLC, a commercial real estate focused family office. As an entrepreneur, Spencer has founded several successful businesses in the fields of media distribution, real estate and agriculture before turning his passion for investing in commercial real estate into what is now Gray Capital, LLC . Spencer has extensive experience in a variety of real estate investing strategies since buying his first rental property in 2006. Spencer is an avid outdoorsman who enjoys rock climbing, fly fishing, archery and free diving. He is also a father to two girls.   KEY POINTS Spencer's entrepreneurial journey to multifamily investing Lessons learned from Spencer's first multifamily deal How to raise capital without previous experience The benefits of passive investing The lesser-known benefits of real estate investing How to hedge against inflation LIGHTNING QUESTIONS 1. What was your biggest hurdle getting started in real estate investing, and how did you overcome it? Not qualified and no real track record in multifamily, therefore partnering and leveraging track record with someone else. 2. Do you have a personal habit that contributes to your success? Having a morning regimen like meditation through a steam shower. 3. Do you have an online resource that you find valuable? https://www.grayreport.com/ (The Gray Report) https://www.graycapitalllc.com/newsletter/ ( Gray Report Newsletter) 4. What book would you recommend to the listeners and why? https://www.amazon.com/Hands-Off-Investor-Insiders-Investing-Syndications/dp/1947200275 ( The Hands-Off Investor) book by Brian Burke 5. If you were to give advice to your 20-year-old self to get started in real estate investing, what would it be? Try to focus a little bit on what's going to work, and really appreciate the time. RESOURCES Visithttp://m/gp/product/B00NB86OYE/ref=as_li_tl?ie=UTF8&tag=jacob0ee-20&camp=1789&creative=9325&linkCode=as2&creativeASIN=B00NB86OYE&linkId=100a9d2905599266aa7088bba0a33d55 ( Audible) for a free trial and free audiobook download!  https://www.graycapitalllc.com/ (Gray Capital LLC ) https://www.linkedin.com/in/spencertrevorgray/ (LinkedIn) Email: spencer@graycapitalllc.com

    Self Storage Fundamentals with Scott Krone

    Play Episode Listen Later Apr 26, 2021 47:07

    Scott Krone is a real estate investor, real estate coach, an expert in the self-storage asset class, Principal of an international award-winning Design + Build firm and at Coda Management Group Chicago, a company that purchases undervalued warehouse space and converts it into climate-controlled, Class-A, and REIT ready self-storage properties.  He has a background in architecture and enjoys creating and developing things. He had learned about real estate from his college instructor who owns a real estate development company where he began working until finally started his own real estate company!   KEY POINTS Self-storage benefits and value-add returns Why scott switched from multi-family to self-storage How to find and analyze self storage investments Types of buildings that are convertible to self-storage facilities Rules of thumb and metrics for analyzing self-storage deals   LIGHTNING QUESTIONS 1.   What was your biggest hurdle getting started in real estate investing, and how did you overcome it? How to build credibility for himself and gain trust from people to buy what he was selling. Scott crafted his story around what success he had up to that point. 2.   Do you have a personal habit that contributes to your success? Getting up early, spend quiet time with his wife and dog walking on the beach at 5:30 in the morning. Scott practices accountability in business and his personal life, always looking to improve and grow. 3.   Do you have an online resource that you find valuable? https://www.instagram.com/ (Instagram) 4.   What book would you recommend to the listeners and why? https://www.amazon.com/Road-Back-You-Enneagram-Self-Discovery/dp/0830846190 (The Road Back to You) book by Ian Morgan Cron, and Suzanne Stabile 5.   If you were to give advice to your 20-year-old self to get started in real estate investing, what would it be? Be patient and enjoy the process!   RESOURCES https://www.codamg.com/ (Coda Management Group) Email: info@codamg.com and reference this podcast for a free 100+ page Sustainability Report on a self-storage property.  Connect with Scott on https://www.linkedin.com/in/scott-krone (LinkedIn) Visithttp://m/gp/product/B00NB86OYE/ref=as_li_tl?ie=UTF8&tag=jacob0ee-20&camp=1789&creative=9325&linkCode=as2&creativeASIN=B00NB86OYE&linkId=100a9d2905599266aa7088bba0a33d55 ( )http://m/gp/product/B00NB86OYE/ref=as_li_tl?ie=UTF8&tag=jacob0ee-20&camp=1789&creative=9325&linkCode=as2&creativeASIN=B00NB86OYE&linkId=100a9d2905599266aa7088bba0a33d55 (Audible) for a free trial and free audiobook download!

    Helping Others Through Real Estate Investing with Erin Hudson

    Play Episode Listen Later Apr 6, 2021 26:58

    Erin is a mother of 5, a real estate investor, doctor of chiropractic, and co-founder of Quattro Capital, an investment firm focused on residential multifamily real estate. As a chiropractor, Erin was living paycheck to paycheck building multiple practices in Southern California. Wanting more control of her time, she sought out real estate investing, buying single-family homes across the country. She eventually transitioned to multifamily investing, and now is a partner at Quattro Capitol, where she continues to help people achieve the same time and money freedom she has discovered for herself. Erin is focusing on building a legacy on multifamily real estate investing. Her mission to create time freedom, financial freedom, leave a blazing trail and a massive LEGACY behind!   KEY POINTS Money freedom and time freedom Erin's Transition from Chiropractic Practices to Real Estate Industry Getting started with double closing real estate deals Going from chiropractor to real estate investor Why Erin prefers multifamily How Erin raised $300,000 in just 48 hours Tips for women who want to engage in the real estate world    LIGHTNING QUESTIONS 1. What was your biggest hurdle getting started in real estate investing, and how did you overcome it? Wishing she had more time. 2. Do you have a personal habit that contributes to your success? Wakes up at 5:30 in the morning, reads, writes down the 5 things that she is grateful for in life, sets goals and the things that she wants to accomplish, and an hour workout in the gym. 3. Do you have an online resource that you find valuable? https://www.hubspot.com/ (Hubspot) 4. What book would you recommend to the listeners and why? https://www.amazon.com/Who-Not-How-Accelerating-Teamwork/dp/1401960588 (Who Not How) book by Dan Sullivan and Dr. Benjamin Hardy 5. If you were to give advice to your 20-year-old self to get started in real estate investing, what would it be? Run, jump, leap, lean forward to multifamily real estate, and find a mentor at an early age!  RESOURCES Visithttp://m/gp/product/B00NB86OYE/ref=as_li_tl?ie=UTF8&tag=jacob0ee-20&camp=1789&creative=9325&linkCode=as2&creativeASIN=B00NB86OYE&linkId=100a9d2905599266aa7088bba0a33d55 ( Audible) for a free trial and free audiobook download!  https://www.thequattroway.com/dr-erin-hudson (Quattro Capital) https://www.linkedin.com/in/dr-erin-hudson-550904a (LinkedIn)

    Creating a Syndication Team with Brian Alfaro and Cody Laughlin

    Play Episode Listen Later Mar 29, 2021 46:58

    Cody Laughlin and Brian Alfaro, Managing Partners at https://blueoakinvests.com/ (Blue Oak Capital), focus on helping and connecting with professionals that are too busy to invest in real estate themselves to show them the power of commercial multifamily real estate. Cody Laughlin is a real estate entrepreneur, podcaster, and meetup host with 10 years of real estate investing experience. His focus is acquisitions of cash-flow producing real estate with a special focus on value-add, multifamily assets. Cody is the founder of the “Prosperity Through Multifamily Real Estate Investing” podcast and the Space City Multifamily Meetup. He works alongside other investors through syndication to acquire multifamily assets and is currently invested in 128 units. Brian Alfaro is a real estate entrepreneur and local Houston business owner. Starting in foodservice operations, Brian quickly expanded his span of control in a customer-focused Franchise business. Leveraging his expertise, Brian now controls a multi-location business that serves 1000's offering an upscale coffee experience. In addition to his Commercial Real Estate experience from his retail business, Brian is also a residential real estate investor and currently a licensed agent. KEY POINTS The power of partnerships Scaling with systems and processes Time management while investing with a full-time job Leveraging relationships in your network Common mistakes made by beginning real estate investors How Blue Oak Capital came to be   LIGHTNING QUESTIONS What was your biggest hurdle getting started in real estate investing, and how did you overcome it?  Limiting mindsets - both Cody and Brian worked on their mindsets first and then scaled.  Do you have a personal habit that contributes to your success? Both Cody and Brian prioritize exercise in their daily lives. Do you have an online resource that you find valuable? https://www.biggerpockets.com/ ( BiggerPockets) Subscribe to commercial brokerage lists (Marcus & Millichap, CBRE, etc.)  What book would you recommend to the listeners and why? https://www.amazon.com/Miracle-Morning-Habits-Transform-m/dp/1473668948 ( The Miracle Morning) book by Hal Elrod https://www.amazon.com/Habits-Highly-Effective-People-Powerful/dp/0743269519 ( The 7 Habits of Highly Effective People) book by Stephen R. Covey If you were to give advice to your 20-year-old self to get started in real estate investing, what would it be? Cody: Stay focused, stay disciplined, and stay patient!  Brian: Get started now!   RESOURCES Visithttp://m/gp/product/B00NB86OYE/ref=as_li_tl?ie=UTF8&tag=jacob0ee-20&camp=1789&creative=9325&linkCode=as2&creativeASIN=B00NB86OYE&linkId=100a9d2905599266aa7088bba0a33d55 ( Audible) for a free trial and free audiobook download!  https://blueoakinvests.com/ (Blue Oak Capital) https://www.linkedin.com/in/cody-laughlin-35067660/ (Cody's LinkedIn) https://www.linkedin.com/in/balfaro89/ (Brian's LinkedIn) https://www.amazon.com/ABCs-Real-Estate-Investing-Investors/dp/1937832031 (The ABCs of Real Estate Investing) book by Ken McElroy https://www.amazon.com/Rich-Dad-Poor-Teach-Middle/dp/1612680194 (Rich Dad Poor Dad) book by Robert Kiyosaki 

    Using Data to Make Decisions with Aaron Norris

    Play Episode Listen Later Mar 23, 2021 52:36

    Aaron is a licensed real estate broker and lender, speaker, writer about technology and its impacts on real estate, a contributor on Forbes.com, BiggerPockets, and ThinkRealty Magazine, co-host of the Data-Driven Real Estate Podcast for PropertyRadar, and VP of Market Insights for PropertyRadar where he tackles insights into public records data to help Main Street small businesses disrupt disruptors. He comes from generations of real estate investors and has been part of the family's hard money loan business, The Norris Group, since 2005 where he also launched the award-winning radio show with his "Pops," Bruce Norris. In addition, he's been directly involved in raising over $2 million for local charities through events like "I Survived Real Estate" and Give BIG Riverside County.    KEY POINTS How you can use data to make investment decisions Using software to access real estate data Tips on getting your first off-market deal Advice for aspiring investors wanting to buy their first rental property How to use data to maximize a property's highest and best use (i.e. - upzoning) Mortgage forbearance and eviction moratoriums Using data to drill down on a specific target Four step process to finding deals: DUCA - discover, understand, connect, & automate   LIGHTNING QUESTIONS 1. What was your biggest hurdle getting started in real estate investing, and how did you overcome it? Getting out of his head and pulling the trigger but overcome it by finally pulling the trigger and owning one. 2. Do you have a personal habit that contributes to your success? Always learning through podcasts, andhttps://www.linkedin.com/learning/ ( )https://www.linkedin.com/learning/ (LinkedIn Learning). 3. Do you have an online resource that you find valuable? https://www.propertyradar.com/ (Property Radar) https://feedly.com/ (Feedly) 4. What book would you recommend to the listeners and why? https://www.amazon.com/Building-Wealth-One-House-Time/dp/0071448357 (Building Wealth One House at A Time) book by John Schaub 5. If you were to give advice to your 20-year-old self to get started in real estate investing, what would it be? Better money habits. Drop the credit card, monitor your cash in and cash out, and find more ways to save than spend! RESOURCES Visithttp://m/gp/product/B00NB86OYE/ref=as_li_tl?ie=UTF8&tag=jacob0ee-20&camp=1789&creative=9325&linkCode=as2&creativeASIN=B00NB86OYE&linkId=100a9d2905599266aa7088bba0a33d55 ( Audible) for a free trial and free audiobook download!  https://community.propertyradar.com/ (Community Property Radar) https://www.propertyradar.com/ (PropertyRadar) https://www.linkedin.com/in/aaronnorris/ (LinkedIn)

    Investing Strategies to Build Generational Wealth with Stephanie Walter

    Play Episode Listen Later Mar 8, 2021 46:20

    Stephanie Walter is the CEO of https://erbewealth.com/ (Erbe Wealth) and a legacy cash flow specialist, capital raiser, syndicator, and real estate investor. She has been a financial educator for 15 years and a real estate syndicator for the last 10 years. Stephanie's passion is teaching people to “unlearn” what most of us have been wired to think about money and re-educating people on attaining wealth that can be passed onto the next generation. Stephanie lives with her husband and young son in Colorado.  KEY POINTS Real estate lessons from the insurance world How you can best use insurance in your investing approach.  Unlearning what you know about money Legacy Banking Concept  Investing strategies to build generational wealth Preferred investment vehicles (401k, IRA, etc.)   LIGHTNING QUESTIONS 1. What was your biggest hurdle getting started in real estate investing, and how did you overcome it?   Knowledge. Stephanie didn't know what she was doing and invested in herself by hiring a mentor and get an education. 2. Do you have a personal habit that contributes to your success? Working hard and sticking with something until she gets it done. 3. Do you have an online resource that you find valuable? https://www.costar.com/ (CoStar) https://www.crexi.com/properties (C)https://www.crexi.com/properties (rexi) 4. What book would you recommend to the listeners and why? https://www.amazon.com/Killing-Sacred-Cows-Overcoming-Destroying/dp/1929774516 (Killing Sacred Cows) by Garrett B. Gunderson and Stephen Palmer https://www.amazon.com/What-Would-Rockefellers-Do-Wealthy/dp/069263536X ( What Would the Rockefellers Do?) by Garrett B. Gunderson, and Michael G. Isom 5. If you were to give advice to your 20-year-old self to get started in real estate investing, what would it be? Learn about syndication and get out of the mentality of buying and holding your real estate property for a long time.   RESOURCES Visithttp://m/gp/product/B00NB86OYE/ref=as_li_tl?ie=UTF8&tag=jacob0ee-20&camp=1789&creative=9325&linkCode=as2&creativeASIN=B00NB86OYE&linkId=100a9d2905599266aa7088bba0a33d55 ( Audible) for a free trial and free audiobook download! https://erbewealth.com/ (ErbeWealth) https://facebook.com/erbewealth (Facebook) https://www.linkedin.com/company/erbe-wealth/ (LinkedIn)

    Dollars Over Doors with Christian Montalvo

    Play Episode Listen Later Mar 1, 2021 34:47

    Christian Montalvo is a real estate investor and house hacker extraordinaire. She's a mom to two young boys and lives in Dallas-Fort Worth where she and her husband invest in small multifamily properties. Outside of working her full-time job and building a real estate empire, Christian loves to spend time with her family, travel, exercise, read, and study real estate investing.  KEY POINTSGetting started with House Hacking Lessons learned from 3 house hacks Buying small multifamily properties in a hot market Doors versus Dollars mentality Being opportunistic and patient in your investing journey Rack and Stack Mode The importance of accountability and networking Pushing yourself outside of your comfort zone   FAVORITE BOOK https://www.amazon.com/Never-Split-Difference-Negotiating-Depended/dp/0062407805 (Never Split the Difference) by Chris Voss  RESOURCES  https://www.penguinrandomhouse.com/books/554831/you-need-more-money-by-matt-manero/ (You Need More Money) book by Matt Manero Connect with Christian on Instagram https://www.instagram.com/christiansm/ (here) Email: cctrentalstx@gmail.com Connect with Christian on https://www.biggerpockets.com/users/ChristianSM (BiggerPockets)  Visit http://m/gp/product/B00NB86OYE/ref=as_li_tl?ie=UTF8&tag=jacob0ee-20&camp=1789&creative=9325&linkCode=as2&creativeASIN=B00NB86OYE&linkId=100a9d2905599266aa7088bba0a33d55 (Audible) for a free trial and free audiobook download!

    Making it in Multifamily with Jorge Abreu

    Play Episode Listen Later Feb 22, 2021 32:37

    Jorge is an active & passive full-time multifamily investor, member at Forbes Real Estate Council, an expert on Locating Deals, Due Diligence, Executing CapEx & Raising Equity, CEO of Elevate Commercial Investment Group, owner of a construction company, JNT Construction, that focuses on helping multifamily investors with their full renovations, and new construction. JNT has been in business 10+ years and has an outstanding reputation.  Being in the real estate business for 15 years now, he owns and manages several thousands of apartments. He has 1,720 doors on the GP side & over 1,400+ doors on the LP side. KEY POINTS Making a leap from single-family to multifamily investing Leveraging partners and teamwork Syndicating large apartment deals from zero Reverse engineering goals Utilizing social media to business benefit The biggest advantages of networking in business LIGHTNING QUESTIONS 1.   What was your biggest hurdle getting started in real estate investing, and how did you overcome it? The mindset, but allowed advice from people and changed it. 2.   Do you have a personal habit that contributes to your success? Stay focused, time-blocking using Calendar to work on his goals, and blocked out noise. 3.   Do you have an online resource that you find valuable? https://www.costar.com/ (CoStar) 4.   What book would you recommend to the listeners and why? https://www.amazon.com/Traction-Get-Grip-Your-Business/dp/1936661837 (Traction) book by Gino Wickman https://www.amazon.com/Best-Ever-Apartment-Syndication-Book/dp/0997454326 (Best Ever Apartment Syndication) book by Joe Fairless, and Theo Hicks 5.   If you were to give advice to your 20-year-old self to get started in real estate investing, what would it be? Skip single family and go to multifamily, and network at an early age. RESOURCES Visithttp://m/gp/product/B00NB86OYE/ref=as_li_tl?ie=UTF8&tag=jacob0ee-20&camp=1789&creative=9325&linkCode=as2&creativeASIN=B00NB86OYE&linkId=100a9d2905599266aa7088bba0a33d55 ( )http://m/gp/product/B00NB86OYE/ref=as_li_tl?ie=UTF8&tag=jacob0ee-20&camp=1789&creative=9325&linkCode=as2&creativeASIN=B00NB86OYE&linkId=100a9d2905599266aa7088bba0a33d55 (Audible) for a free trial and free audiobook download! https://www.elevatecig.com/ (Elevate Commercial Investment Group) https://jntconstruct.com/ (JNT Construction) https://www.linkedin.com/in/jorgelabreu/ (LinkedIn) https://www.instagram.com/jorgemultifamily/?hl=en (Instagram)

    Improving Your Goal Setting Process with Rod Khleif

    Play Episode Listen Later Feb 15, 2021 58:50

    Rod is an entrepreneur, real estate investor, member of the Forbes Real Estate Council, host of the Top-ranked Real Estate Investment Podcast; “The Lifetime CashFlow Through Real Estate Investing Podcast" with more than 10 million downloads, director at The Lifetime CashFlow Academy, author of the book “Thehttps://rodkhleif.com/books/ ( Lifetime Cashflow).” Also, he loves talking and educating people about multifamily real estate investing one on one, as a coach, or through his podcast. KEY POINTS How to go from broke to a multi-millionaire The power of mindset and psychology to success An effective goal setting process The importance of writing down and visualizing your goals Putting time limits on your goals Success vs. fulfillment The key to continuous self-motivation Rod Book Recommendations:  https://www.amazon.com/Love-Languages-Secret-that-Lasts/dp/080241270X (The 5 Languages of Love) book by Gary Chapman https://www.amazon.com/Turning-Pro-Inner-Power-Create/dp/1936891034 (Turning Pro) book by Steven Pressfield https://www.amazon.com/Slight-Edge-Turning-Disciplines-Happiness/dp/1626340463 (The Slight Edge) book by Jeff Olson https://www.amazon.com/ONE-Thing-Surprisingly-Extraordinary-Results/dp/1885167776 (The ONE Thing) book by Gary Keller, & Jay Papasan https://www.amazon.com/Miracle-Morning-Not-So-Obvious-Guaranteed-Transform/dp/0979019710 (The Miracle Morning) book by Hal Elrod RESOURCES Visithttp://m/gp/product/B00NB86OYE/ref=as_li_tl?ie=UTF8&tag=jacob0ee-20&camp=1789&creative=9325&linkCode=as2&creativeASIN=B00NB86OYE&linkId=100a9d2905599266aa7088bba0a33d55 ( Audible) for a free trial and free audiobook download!  https://rodkhleif.com/ (RodKhleif.com) https://www.instagram.com/rod_khleif/ (Instagram) https://www.facebook.com/rodkhleifofficial/ (Facebook) https://www.youtube.com/RodKhleif (YouTube) https://www.linkedin.com/in/rodkhleif/ (LinkedIn) https://twitter.com/RodKhleif (Twitter) Text: MULTIFAMILY to 72345 or 41411 Checkout Code: RODFRIEND for $97.00 discount https://rodkhleif.com/lifetime-cashflow-podcast/ (Lifetime Cashflow Podcast) https://www.amazon.com/Think-Grow-Rich-Landmark-Bestseller/dp/1585424331 (Think and Grow Rich) book by Napoleon Hill https://www.amazon.com/Three-Feet-Gold-Obstacles-Opportunities/dp/1455816132#:~:text=Written%20like%20a%20parable%2C%20Three,life%20and%20in%20their%20businesses. (Three Feet from Gold) book Greg S. Reid & Sharon Lechter https://rodkhleif.com/books/ (Lifetime Cashflow) book by Rod Khleif

    Steps to a Successful Investing Journey with Chris Larsen

    Play Episode Listen Later Feb 8, 2021 38:20

    Chris is a real estate investor & syndicator, coach, sales executive, and founder and managing partner of the Next-Level Income, through which he helps investors become financially independent through education and investment opportunities. Having a passion for helping other real estate investors achieve financial freedom. Thus, he shares the shortcuts and tips to not make the same mistakes he did. He was a professional cyclist who turned full-time to real estate. Currently, Chris is investing and managing real estate for over 20 years and presently syndicating multifamily properties. He began syndicating deals in 2016 and has been actively involved in over $150M of real estate acquisitions. Also, has invested in equities, oil & gas, and small business lending, as well as being active in Venture South, one of the nation's Top 10 Angel Investing groups. KEY POINTS Shifting from a professional cyclist to a single-family investor Next Level Income Return on Equity (ROE) How to Let Your Money Work Fully for You Chris' True Meaning of Freedom and Scalability How Chris Uses his Emergency Fund in Personal and Financial Life Infinite Banking Concept Term versus Whole Life Insurance Policy Steps to a Successful Investing Journey Real Estate Investing Tips for Beginners LIGHTNING QUESTIONS 1.   What was your biggest hurdle getting started in real estate investing, and how did you overcome it? Getting comfortable with it but found a mentor that has helped him. 2.   Do you have a personal habit that contributes to your success? Reading and learning from other people, and meditation usinghttps://www.calm.com/ ( Calm App). 3.   Do you have an online resource that you find valuable? https://www.earlytorise.com/ (Early To Rise) 4.   What book would you recommend to the listeners and why? https://www.amazon.com/Perfect-Day-Formula-Control-Your/dp/1619613557 (The Perfect Day Formula) book by Craig Ballantyne https://www.amazon.com/Never-Split-Difference-Negotiating-Depended/dp/0062407805 (Never Split the Difference) book by Chris Voss 5.   If you were to give advice to your 20-year-old self to get started in real estate investing, what would it be? Go bigger. Take risk advice, learn property management, partner up with somebody, and start to do those bigger deals earlier. RESOURCES Visithttp://m/gp/product/B00NB86OYE/ref=as_li_tl?ie=UTF8&tag=jacob0ee-20&camp=1789&creative=9325&linkCode=as2&creativeASIN=B00NB86OYE&linkId=100a9d2905599266aa7088bba0a33d55 ( Audible) for a free trial and free audiobook download! https://www.nextlevelincome.com/ (Next Level Income) Email: coach@nextlevelincome.com https://www.linkedin.com/in/chris-larsen-5297231/detail/recent-activity/posts/ (LinkedIn)

    Debt is an Asset with Aaron Chapman

    Play Episode Listen Later Jan 29, 2021 65:55

    Aaron is a real estate investor, a veteran of the finance industry, and highly skilled in financing for the real estate investor aiding in the analysis and structure of multiple financed properties. He is an expert in Self Employment income/ Credit Analysis and owner-occupied Financing. He has closed nearly 1,000 transactions every year, been in the finance industry for 23 years now. He is presently ranked #14 in an industry of over 300,000 licensed loan originators for transactions closed annually (723 closed units for real estate investors in 2019, 707 in 2018, and 676 in 2017). In addition to a career in real estate finance, Aaron is a Published Author with 4 books released and dozens of magazine articles.  KEY POINTS Understanding the deal as the debt, and the debt as the asset in real estate Calculating Real Estate Cash Flow Learning about Compound Interest associated with Finance How inflation impacts investors The purchasing power of $100 in the past 3 decades Determining your Debt-to-Income ratio Tips for getting your next real estate loan The Basics of Real Estate Tax Depreciation   LIGHTNING QUESTIONS 1. What was your biggest hurdle getting started in real estate investing, and how did you overcome it? Looking like 17 at the age of 23 and people saw him face to face at a hard time. He overcame it by growing a beard. 2. Do you have a personal habit that contributes to your success? Get up every morning at 4:30 or earlier, and start reading scriptures, and other books that help him to focus his mind and energy towards his goals. 3. Do you have an online resource that you find valuable? http://www.shadowstats.com/ (ShadowStats) 4. What book would you recommend to the listeners and why? https://www.amazon.com/Outwitting-Devil-Secret-Freedom-Success/dp/1469259036 (Outwitting the Devil) book by Napoleon Hill https://www.amazon.com/Stihl-Runnin-QJO-Initiative-Book/dp/1734119489 (The QJO Initiative) book by Aaron Chapman 5. If you were to give advice to your 20-year-old self to get started in real estate investing, what would it be? Enjoy where you are right now.  RESOURCES Visithttp://m/gp/product/B00NB86OYE/ref=as_li_tl?ie=UTF8&tag=jacob0ee-20&camp=1789&creative=9325&linkCode=as2&creativeASIN=B00NB86OYE&linkId=100a9d2905599266aa7088bba0a33d55 ( Audible) for a free trial and free audiobook download!  https://www.aaronbchapman.com/ (AaronBChapman.com) https://www.facebook.com/Aaron-Chapman-SecurityNational-Mortgage-Company-263613934478978/?modal=admin_todo_tour (Facebook) https://www.instagram.com/aaronchapmannjo/ (Instagram) https://www.linkedin.com/in/aaronbchapman/ (LinkedIn) http://www.shadowstats.com/ (ShadowStats) https://www.amazon.com/Master-Key-System-Charles-Haanel/dp/1604502754 (The Master Key System) book by Charles F. Hannel

    Building Your Billion Dollar Foundation with Ari Rastegar

    Play Episode Listen Later Jan 18, 2021 58:35

    Real estate investor, entrepreneur, founder and CEO of Rastegar Property Company. He specializes in working with high-net-worth individuals and institutional partners to build Areal estate portfolios in fast-growing markets designed to reduce risk and provide strong returns. Also, well-known for his interest in and dedication to a healthy lifestyle and is one of the preeminent thought leaders on biohacking and physiology, as featured in GQ Magazine. In this episode, Ari talks about his journey to real estate, bio-hacking, and health, wealth-building, motivation, and the importance of living a well-balanced life! KEY POINTS Ari's Journey from Law School to Real Estate Investing Creating the Best Customer Experience in Real Estate The Gift of Failure Tips for Effective Goal Setting The importance of investing in yourself The Three Feet from Gold: The Story about Persistence Bio-hacking and making yourself the best asset  LIGHTNING QUESTIONS 1. What was your biggest hurdle getting started in real estate investing, and how did you overcome it? Being scared to death to start with but overcome it by taking massive action. 2. Do you have a personal habit that contributes to your success? Transcendental Meditation 3. Do you have an online resource that you find valuable? https://www.youtube.com/ (Youtube) 4. What book would you recommend to the listeners and why? https://www.amazon.com/Think-Grow-Rich-Landmark-Bestseller/dp/1585424331 (Think and Grow Rich) by Napoleon Hill https://www.amazon.com/Relentless-Unstoppable-Tim-S-Grover/dp/1476714207 (Relentless) book by Tim S. Grover https://www.amazon.com/Three-Feet-Gold-Obstacles-Opportunities/dp/1455816132 (Three Feet from Gold) book by Sharon L. Lechter https://www.amazon.com/Defy-Aging-Make-rest-your/dp/1945507888 (Defy Aging) book by Jacob Rosenstein 5. If you were to give advice to your 20-year-old self to get started in real estate investing, what would it be? Study some business stuff like take Accounting classes, and some basic business courses.  RESOURCES Visithttp://m/gp/product/B00NB86OYE/ref=as_li_tl?ie=UTF8&tag=jacob0ee-20&camp=1789&creative=9325&linkCode=as2&creativeASIN=B00NB86OYE&linkId=100a9d2905599266aa7088bba0a33d55 ( Audible) for a free trial and free audiobook download! https://rastegarproperty.com/ (Rastegar Property) https://www.instagram.com/rastegar/?hl=en (Instagram) @rastegar https://www.instagram.com/kelliekels/?hl=en (Instagram) https://www.amazon.com/Think-Grow-Rich-Landmark-Bestseller/dp/1585424331 (Think and Grow Rich) by Napoleon Hill https://www.amazon.com/Relentless-Unstoppable-Tim-S-Grover/dp/1476714207 (Relentless) book by Tim S. Grover https://www.amazon.com/Three-Feet-Gold-Obstacles-Opportunities/dp/1455816132 (Three Feet from Gold) book by Sharon L. Lechter https://www.amazon.com/Defy-Aging-Make-rest-your/dp/1945507888 (Defy Aging) book by Jacob Rosenstein  

    Financial Independence, Retire Early with Raj Jha

    Play Episode Listen Later Jan 4, 2021 42:41

    Raj is an expert real estate investor, apartment syndicator, achiever, financial independence retiree, engineer, and founder of Big League Capital, a company that educates and shares private investment opportunities with other people and helps them to invest in real estate in a passive manner. He came to the United States in 2000 seeking freedom and independence. He was working in the corporate world for 20 years but only achieved financial independence through multifamily real estate. As an early retiree, Raj is now living on his own terms. Today, Raj talks about his approach and philosophy on money and abundance mindset.    KEY POINTS How to know if you're financially independent Creating intergenerational wealth How to be a well-informed investor How to retire early with real estate The importance of an abundance mindset for investors The key to managing and owning multiple properties Cap Rate Calculation: Stock Market versus Real Estate The balance of living in the present and for the future Tips for new investors   LIGHTNING QUESTIONS 1.   What was your biggest hurdle getting started in real estate investing, and how did you overcome it? Education but Raj read books, blogs, and listened to podcasts, 2.   Do you have a personal habit that contributes to your success? Rise early, plan the day, meditation, and pray. 3.   Do you have an online resource that you find valuable? https://www.biggerpockets.com/users/RajneeshJ1 (Bigger Pockets) https://www.youtube.com/ (YouTube) 4.   What book would you recommend to the listeners and why? https://www.amazon.com/Rich-Dad-Poor-Teach-Middle/dp/1612680194 (The Rich Dad Poor Dad) book by Robert T. Kiyosaki https://www.amazon.com/Millionaire-Next-Door-Surprising-Americas/dp/1589795474 (Millionaire Next Door) book by Thomas J. Stanley & William D. Danko 5.   If you were to give advice to your 20-year-old self to get started in real estate investing, what would it be? Start and educate yourself sooner, be bolder, and jump straight into real estate. RESOURCES Visithttp://m/gp/product/B00NB86OYE/ref=as_li_tl?ie=UTF8&tag=jacob0ee-20&camp=1789&creative=9325&linkCode=as2&creativeASIN=B00NB86OYE&linkId=100a9d2905599266aa7088bba0a33d55 ( )http://m/gp/product/B00NB86OYE/ref=as_li_tl?ie=UTF8&tag=jacob0ee-20&camp=1789&creative=9325&linkCode=as2&creativeASIN=B00NB86OYE&linkId=100a9d2905599266aa7088bba0a33d55 (Audible) for a free trial and free audiobook download!  https://finance.yahoo.com/ (Yahoo Finance) http://bigleague-capital.com/ (Big League Capital)

    Just Start Real Estate with Mike Simmons

    Play Episode Listen Later Dec 14, 2020 69:33

    Mike Simmons, is a serial entrepreneur, CEO, business coach, speaker, author, host of the Just Start Real Estate Podcast, owner of a successful real estate investing company, and partner in one of the largest real estate mentorship companies. He personally works with hundreds of entrepreneurs to help them optimize and grow their businesses. He has shared the stage with Gary Vaynerchuk, Ryan Serhant, Jocko Willink, Russell Brunsson, Walter Bond, Andy Frisella, and Tom Ferry among others.     KEY POINTS How to make your own money work for you How to safely invest money for retirement Mike's secret sauce to success How to tell whether it's time to shift your career or retire The catalysts for a change in life How to hire effectively and scale your team Competition Perspective: How to win things Tips for becoming a better leader The Learn-Do Ratio   LIGHTNING QUESTIONS 1. What was your biggest hurdle getting started in real estate investing, and how did you overcome it? Fear that he feels sick and disgusted but made him motivated.  2. Do you have a personal habit that contributes to your success? Compare-analyzing 3. Do you have an online resource that you find valuable? https://www.youtube.com/ (YouTube) 4. What book would you recommend to the listeners and why? https://www.amazon.com/Extreme-Ownership-U-S-Navy-SEALs-ebook/dp/B0739PYQSS/ref=redir_mobile_desktop?ie=UTF8&ref_=cm_cr_lh_d_bdcrb_top (Extreme Ownership) by Jocko Willink https://www.amazon.com/Traction-Get-Grip-Your-Business/dp/1936661837 (Traction) by Gino Wickman 5. If you were to give advice to your 20-year-old self to get started in real estate investing, what would it be? Figure out where you want to go, make a plan, and execute it. RESOURCES Visithttp://m/gp/product/B00NB86OYE/ref=as_li_tl?ie=UTF8&tag=jacob0ee-20&camp=1789&creative=9325&linkCode=as2&creativeASIN=B00NB86OYE&linkId=100a9d2905599266aa7088bba0a33d55 ( Audible) for a free trial and free audiobook download! https://mikesimmons.com/juststartrealestate/ (Just Start Real Estate Podcast) https://www.amazon.com/dp/1734832703/ref=sr_1_25?dchild=1&keywords=level+jumping&qid=1591040844&s=books&sr=1-25 (Level Jumping) book by Mike Simmons Text: JUST START send to 55444

    3 Steps to Prepare for the New Year - Friday Fundamentals

    Play Episode Listen Later Dec 11, 2020 9:20

    Here we are in December of 2020 – one of my favorite times of the year. Many people are winding down, getting ready to enjoy the holidays, spend time with family and recharge for the upcoming new year. This is a great time to start planning and preparing for the next year ahead. 2020 has been a unique year and one we'll remember for years to come. A global pandemic impacted in some way nearly every single person's life on our planet. This has been a devastating event, and our thoughts and prayers are with those who have felt the brunt of the impacts this has left. You've probably heard people talk about what a bad year 2020 has been, hear news media tell you what disasters have characterized this year, and you may find yourself starting to think along those lines.  However, like anything else, you can find silver linings wherever you look. Think back over the past 12 months of your life and I'm sure you'll find some things that you're happy about. Take 30 seconds here to reflect on the positives in your life, big or small. Perhaps you're financially stable, still have a great job, have a healthy family, got to spend more time at home, picked up a new good habit, started a new project, bought another investment property, helped someone in need, kept food on the table. I challenge you to think of 3 things you're happy about right now. See, there are things we can all be thankful for. Let's carry that momentum now and look at 3 steps we can take to prepare for the new year. Reflect. Think back over this past year and reflect. If you had any goals identified for 2020, look at how you tracked towards those goals. Likely, your goals changed over the course of the year. Identify things that went well for you and things that didn't work so well. It's important to take these lessons forward with you into next year. Practice gratitude. Celebrate your accomplishments and aim to learn from your failures. Visualize. Ask yourself what you want your life to be like in 1 year, 5 years, & 10 years. By visualizing your life, you create your own reality.  Get clear with yourself about your priorities. Identify a few areas of your life you want to improve. The One Thing by Gary Keller and Jay Papasan is a great book that will help you identify your most important priority. Once you have a clear vision of where you want to go, you can start to map out goals to get you there. Set Goals.  Maybe your goals took a backseat this year. Or maybe you crushed your goals and have some great momentum headed into the new year. Either way now is the time to start thinking about your next set of goals. I say your next set because I've found the best time period for setting goals is 90 days (or 3 months). This goal setting strategy was first introduced to me with Bryan Moran's 12 Week Year, and I use Brandon Turner's 90 Day Intention Journal to implement it. Going back to your vision for your life in 10 years and working backward to 5 year and 1 year visions, you can break down those large goals into smaller goals. There's a Chinese Proverb that says, “A journey of a thousand miles must start with a single step”. Start thinking now about your goals for the next year, and break those down into 4 sets of 90 day goals. You'll be able to take consistent and daily action towards your bigger goals. In the One Thing book, Gary and Jay teach you to ask yourself “What's the One Thing I can do such that by doing it everything else will be easier or unnecessary?”. This is a great exercise when you're looking at your big picture goals and when you're looking at your daily action steps. “If you fail to plan, you are planning to fail.” - Benjamin FranklinThose are 3 things you can do now to prepare for the new year. Your life is more important than some arbitrary man-made date, so don't wait until January 1st to start becoming the best version of yourself you can be. Create your own reality. Be intentional with your actions. Line up your...

    The Multifamily Takeoff with Shawn DiMartile

    Play Episode Listen Later Dec 7, 2020 57:12

    Shawn DiMartile is a multifamily real estate investor, managing partner of an apartment investing firm, https://www.pac3capital.com/ (Pac 3 Capital,) and host of https://www.multifamilytakeoff.com/ (The Multifamily Takeoff Podcast), a podcast about all aspects of apartment investing. He came to the realization that the traditional path of working in a 9 to 5 as an aircraft controller, being and saving in a 401(k) until 65 was not the road to the wealth he wanted to follow. After reading books and listening to tons of podcasts about real estate and various asset classes, he came to realize that multifamily real estate has the power to build wealth and provide financial freedom. In 2019, while still working his full-time W-2 job as an air traffic controller, he partnered with two colleagues to acquire their first multifamily acquisition, a 32-unit in Indianapolis.    KEY POINTS Selecting the right market to invest in. How to build credibility without any experience. How to raise money for your very first deal. Why a 401k isn't the right way to save for retirement. Good Debt vs. Bad Debt. Why habits are SO important.   LIGHTNING QUESTIONS 1. What was your biggest hurdle getting started in real estate investing, and how did you overcome it? Experience hurdle and overcome it by preempt and hammering at weaknesses. 2. Do you have a personal habit that contributes to your success? Writing a blog or article, reading and learning more every day to get better in his business. 3. Do you have an online resource that you find valuable? https://www.biggerpockets.com/ (BiggerPockets) https://joefairless.com/ (Joe Fairless) 4. What book would you recommend to the listeners and why? https://www.amazon.com/Pitch-Anything-Innovative-Presenting-Persuading-ebook/dp/B004H4XL7E (Pitch Anything) book by Oren Klaff 5. If you were to give advice to your 20-year-old self to get started in real estate investing, what would it be? Go buy a real estate asset right now.  RESOURCES Visithttp://m/gp/product/B00NB86OYE/ref=as_li_tl?ie=UTF8&tag=jacob0ee-20&camp=1789&creative=9325&linkCode=as2&creativeASIN=B00NB86OYE&linkId=100a9d2905599266aa7088bba0a33d55 ( Audible) for a free trial and free audiobook download!  https://www.forbes.com/sites/wadepfau/2018/01/16/the-trinity-study-and-portfolio-success-rates-updated-to-2018/ (The Trinity Study) https://www.pac3capital.com/ (Pac 3 Capital) https://www.multifamilytakeoff.com/ (The Multifamily Takeoff Podcast) https://www.linkedin.com/in/shawn-dimartile-52a0211a5/ (Shawn's LinkedIn)

    Freedom or Security - Friday Fundamentals

    Play Episode Listen Later Nov 30, 2020 8:16

    Life is full of choices. You have the ability to live your life how you want for the most part. Work a 9-5, be an entrepreneur, travel the world, buy a home, raise a family, adopt a child, marry a spouse, etc. There are so many different ways you can live your life, and it's completely up to you to decide. When you ask someone what they want in life, you'll get typical answers like health, happiness, prosperity, wealth, etc. Those all make sense. Who wouldn't want those things? But then comes this dichotomy. People want freedom. They also want security. In today's episode we'll aim to dissect each of those two terms – freedom and security – and then compare and contrast them. Security. This seems like a reasonable desire, right? It's natural to want to protect yourself and your family from threats. After all, that's how our ancestors survived generation after generation, and lead us to where we are today. Often when people talk about security they're referring to financial security just as much as physical security. Financial security could be the ability to retire when you want. It could be job security, meaning you have a stable and steady job to rely on. It could simply mean knowing what to expect in your life tomorrow, next week, and next year. Then we have Freedom. Freedom is another thing that people want. It is one of the principles the United States is founded on. We likely take many of the freedoms we do have for granted. We have the freedom to choose our careers, who we marry, where we live, how we earn money, where we travel, speak freely, discuss ideas, and so much more. People have so much freedom that they don't even know what to do with it. I have a good friend who travels the world with nothing more than a backpack. He's been abroad for two years now traveling all around the world and picking his next stop based on what type of food he's in the mood for. I'm not kidding. He has what most would call a high level of freedom. Freedom and security are a bit of a dichotomy. On one hand, freedom allows you the flexibility to do what you want, whereas security will provide assurance and safety every day. Think of freedom and security on a sliding scale, with freedom on one end and security on the other. Now take that slide and push it all the way to the security side. There are all different types of ways to relate this, but let's look at a few examples. If we were talking about government, then the security side of the scale might look a lot like communism, whereas the freedom side of the scale might look like total anarchy. I'm not attempting to be political here, but rather show that if you have only one side of the scale then the results look much different from the other side. Or another example is your lifestyle. Slide the scale all the way to the security side and you might find yourself in a maximum-security prison. Slide it all the way to the freedom side and you might find yourself without any possessions, job, or money, roaming the world doing whatever you want with absolutely no security. After all, we don't have any maximum freedom prisons that I know of. But we do have maximum security prisons. Now sure, these are quite dramatic examples but you begin to understand what one without the other looks like. Then comes the question, why are we even talking about freedom vs. security in the first place. Well, you have the ability to live your life as free or as secure as you want. It's up to you to decide where to take risks for your freedom, and where you want security. Chances are you probably don't want completely one without the other. Only you know what balance of freedom and security is best for you. Understanding that taking risks in return for some level of freedom will cost you some security is important. So find freedom where you want. Build security where it matters to you. Using these two levers you can begin to engineer the lifestyle you want, which is one of the...

    Real Estate Updates with Marco Santarelli

    Play Episode Listen Later Nov 23, 2020 48:29

    Marco Santarelli returns to the show for a second appearance. Marco is a licensed real estate broker in California, an investor, author, serial entrepreneur with multiple businesses, founder and CEO of https://www.noradarealestate.com/ (Norada Real Estate Investments), a nationwide provider of turnkey rental properties that helping people build their real estate portfolio by providing knowledge, tools, and resources to achieve financial freedom and build wealth. He is the creator of https://www.noradarealestate.com/DealGrader (DealGrader)™, a scoring system that measures the investment quality of a real estate investment, giving you an overall snapshot of its profitability and investment risk. Likewise, he is hosting the http://www.passiverealestateinvesting.com/ (Passive Real Estate Investing) podcast, the show where busy people learn how to build substantial passive income while creating wealth for the long-term. KEY POINTS The Importance of Staying Market Agnostic How to Pick the Best Market Suburbs versus Urban Core markets Supply, Demand, and Balance in Housing Markets Is it a Good Time to Invest in Real Estate During this Crisis Shadow Demand vs. Shadow Inventory Tips for First-time Investors How to Identify the Ideal Neighborhoods within the Best Markets Your Core Five Team Players Why Marco likes Single-Family Homes  RESOURCES Visithttp://m/gp/product/B00NB86OYE/ref=as_li_tl?ie=UTF8&tag=jacob0ee-20&camp=1789&creative=9325&linkCode=as2&creativeASIN=B00NB86OYE&linkId=100a9d2905599266aa7088bba0a33d55 ( Audible) for a free trial and free audiobook download! https://www.passiverealestateinvesting.com/ (The Passive Real Estate Investing Podcast) with Marco Santarelli https://www.noradarealestate.com/ (Norada Real Estate Investments)

    Market Metrics - Friday Fundamentals

    Play Episode Listen Later Nov 13, 2020 11:14

    In our world today we're seeing a shift in the way people work, commute, live, and much more. With these new trends, we're seeing people move around the country, less tied to where they once were with many more people working from home than were just 8 months ago. Consequently, this has created new supply and demand imbalances in different markets. Once hot San Francisco has seen an exodus of white-collar tech workers leaving the city for lower cost of living locations. Where people once lived near downtown and large cities, they can now move to more rural locations. These are just a couple examples of shifts we've seen over the past 6 months. We talked about some of these trends a couple of weeks ago and then followed that up with how to qualify deals in new markets. Let's look at some metrics in analyzing markets for real estate investing. By now you've heard the saying “the 3 most important factors in real estate are location, location, location”, which I largely agree with. In the world of real estate investing, the location of a property can be described by its market and submarket. A market can be thought of as a city or town, and the submarket as a specific part or neighborhood of that city. https://www.cbre.com/research-and-reports/Global-Real-Estate-Market-Outlook-Midyear-Review-July-2020 (CBRE) publishes several different commercial real estate reports, in those they categorize markets into 3 tiers. Tier 1 San Francisco San Diego Seattle Chicago Miami New York City Tier 2 Dallas / Ft. Worth Houston Denver  Atlanta Orlando Philadelphia Tier 3 Oklahoma City Jacksonville Charlotte Cleveland Kansas City Nashville So what makes a market better or worse than another? Sports teams, great parks, no traffic, cool coffee shops? Well, close but not quite. Evaluating markets as a real estate investor, we're concerned with two main metrics – jobs and population. That's what it all comes down to. Are there people who live in the market and have a job that allows them to pay rent? That's what we're focused on. These two metrics – job growth and population grown – are indicators of a strong market. While we can never predict the future (i.e. – COVID-19), we can look at historical trends and project those into the future. Generally speaking, jobs bring people. After all, you don't see a booming population in Antarctica. Knowing this, we can sometimes gauge population growth in a market by looking at what jobs are expected to grow or relocate to the market. Oftentimes, employers will announce new locations, headquarters, etc. and we can use this to assess the increased population those jobs will bring to the market. Now digging a bit deeper and understanding that we want people and jobs in a market, we can next look at employment rates. Employment rates are simply a percentage of people employed or unemployed. Our nation's unemployment rate is generally in the single-digit percentages, although that number spiked to double digits during the initial phase of COVID-19. Now I want to bring something up here. There really is no such thing as one housing market or a national housing market. The same thing applies to these metrics. There isn't one unemployment metric. Rather these metrics broken down by markets, or states at the very least are what we should be concerned with, more on a micro-scale. Just because the U.S. unemployment rate may be 7%, doesn't mean that's what it is in your specific market. It may be lower (great) or high (uh oh). The Bureau of Labor Statistics reports unemployment rates and breaks this data down by markets, or Metropolitan Statistic Areas (MSAs). A good example of an MSA is Dallas/Ft. Worth and principal cities that include Arlington, Plano, Garland, Irving, McKinney, Frisco, and others. DFW MSA makes up a single MSA of nearly 8 million people Getting back to the unemployment rate. This number is manipulated in many ways (after all, the government reports

    Outsourcing to Scale with Charles Carillo

    Play Episode Listen Later Nov 13, 2020 63:21

    Charles Carillo is an entrepreneur, real estate investor, and managing partner of http://www.harborsidepartners.com/ (Harborside Partners), a real estate syndication firm where he owns over 250 multifamily units. He hosts a real estate investing podcast called https://charleskcarillo.com/global-investors-podcast/ (Global Investors Podcast), which focuses on interviewing professional and international investors interested in investing in the U.S. Charles grew up in a real estate family where his dad owned apartments. Later, he started his own journey of investing in multifamily in 2006 with a 3 unit. He eventually grew it into multifamily properties and built his portfolio. KEY POINTS Self-Management versus Third-Party Management Perfect Blueprint for Scaling Properties The Mindset Shift of Bringing Equity Partners The Traits to look for in a Business Partner Why Traditional Value-Add is Not Wise during this Pandemic The Power of Networking   LIGHTNING QUESTIONS 1. What was your biggest hurdle getting started in real estate investing, and how did you overcome it? Taking the leap initially and raising the money. Overcome it by following up with successful people, and attending conferences and events to build networks. 2. Do you have a personal habit that contributes to your success? Time-blocking usinghttps://www.google.com/calendar ( Google Calendar) 3. Do you have an online resource that you find valuable? Calendar Balance Source 4. What book would you recommend to the listeners and why? https://www.amazon.com/80-20-Principle-Secret-Achieving/dp/0385491743 (The 80/20) book by Richard Koch https://www.amazon.com/Trump-Art-Deal-Donald-J/dp/0399594493 (Art of the Deal) book by Donald Trump 5. If you were to give advice to your 20-year-old self to get started in real estate investing, what would it be? Live more strategic and figure out what you want exactly your 5, 10, and 15 years goals to be, and figure out what you can do daily, weekly, and monthly to achieve them.   RESOURCES https://harborsidepartners.com/ (Harborside Partners) https://charleskcarillo.com/ (Website) https://charleskcarillo.com/strategy-call-with-charles/ (Schedule Charles)

    Qualify a Deal - Friday Fundamentals

    Play Episode Listen Later Nov 6, 2020 8:47

    There is a lot of real estate. Like, a whole lot. Practically everything you see is either real estate, or is on or in real estate. If you're driving down the road, running in a park, or cleaning your garage as you listen to this podcast, chances are you are surrounded by real estate. When you start to see everything as real estate, you then start to look at that real estate from an investment perspective. There are a lot of ways to invest in real estate, as shown with the different guests we have here on the podcast. From buy and hold single-family investing, to house hacking small multifamily, to apartment syndication, there are different niches and investment strategies. Starting out, most people are successful by being as narrow focused as possible, meaning they select one real estate niche and focus solely on it. If you don't focus on one niche, you'll find yourself looking at raw land in South Texas, Condo's in San Diego, and new development multifamily in Virginia. Which brings us to the next point – the market. Just as it's important to narrow down your niche, it's also equally, if not more important, to narrow down on a few markets. These two criteria – niche and market – will help you develop an investing strategy. So, by now you've committed considerable time and resources in your own education. Now it's time to start finding deals. Let's look a how to qualify a deal in three steps. Setting your investment criteria. Now that you have a niche and market, you can begin to develop your investment criteria even further. Let's take multifamily apartments in Texas and Oklahoma for example. This is our niche and markets. This is still relatively broad, and can be defined more. We need to consider things like: Size of the property Markets and submarkets Property type Property age How you find and buy the deal (direct to owner or through brokers) Returns Once these criteria are defined, we now have a specific set of criteria that we can filter all deals through. If the property doesn't fit these criteria, then think long and hard about pursuing it. Just because something looks like a deal, doesn't mean it's a deal for you. Underwrite the deal. Once you have a deal that fits your investment criteria, it's time to analyze the numbers further. This process is called underwriting and is an iterative process. You'll look at the property's past performance, project it's future performance, and model out your business plan. During you're underwriting you'll be making assumptions and modelling different scenarios. Having some sort of underwriting tool is a must. Most people use excel or google sheets spreadsheets. You can build you own, or find one from someone who has already built one. Either way, an underwriting tool is a must. Due Diligence. Due Diligence is the process of confirming all the details of the deal, from your underwriting assumptions to property inspections and anything specific to the deal you're qualifying. During due diligence you'll dive into all the minute details of the deal, making sure once last time that you understand everything there is to know about the deal. You'll confirm things like: Rent comparisons Sales comparisons Renovation Scopes or Work Property inspections Lease audits Expense details Quotes from vendors and contractors Much more From those early days and all that investment into yourself to the final phases of due diligence on your investment deal, you have gone from 0 to real estate investor! Congrats! Crossing the finish line and closing the deal is a huge milestone. It's the end of one chapter and the start of the next! Do this repeatedly and consistently and you'll be well on your way to building wealth and achieving financial freedom. This is a journey, so enjoy the process. It won't happen overnight, and it will take a lot of work and effort. But remember, if it were easy then everyone would do it and the rewards wouldn't be quite as nice.

    Remote Real Estate with Brandon Barnes

    Play Episode Listen Later Nov 2, 2020 48:32

    BRANDON BARNES     Brandon Barnes is a real estate investor and owner of REI Live! Atlanta, a monthly meetup group. After being fired from his job as a production supervisor, he made an immediate pivot and chose to become a real estate investor focusing on wholesaling. Faced with a choice to either get another job and spend years trapped in a cubicle or work toward becoming a successful entrepreneur, he chose to keep his eyes on the prize as an entrepreneur. He quickly scaled his real estate company within 1 year and then got fired, but this time was different. He fired himself. This gave Brandon the flexibility to focus on building the business and leading his team. His team now operates his company successfully without his day-to-day involvement. In his free time, Brandon spends his time with his wife and four kids. He is passionate about sharing his expertise and coaching students to take action and make money in real estate with his Send More Offers Coaching Program. KEY POINTS How real estate wholesaling works and why it's appealing Leveraging the power and ability of a team Working on the business, not in the business How to build a remote and automated business model How to maintain and build rapport with prospective sellers & buyers without meeting them personally How can a wholesaler best work with an investor and vice-versa   Common mistakes and struggles in real estate investing How many leads, offers, and follow-ups it typically takes to get a deal Methods for finding off-market properties How to build a virtual and remote team 3 C's of success in business  LIGHTNING QUESTIONS 1. What was your biggest hurdle getting started in real estate investing, and how did you overcome it? Financial constraints but consistency found his niche within a niche. 2. Do you have a personal habit that contributes to your success? Reading books likehttps://www.amazon.com/Myth-Revisited-Small-Businesses-About/dp/0887307280 ( E-Myth) by Michael E. Gerber,https://www.amazon.com/Traction-Startup-Achieve-Explosive-Customer/dp/1591848369 ( Traction) by Gabriel Weinberg, and Justin Mares, andhttps://www.amazon.com/Profit-First-Transform-Cash-Eating-Money-Making-ebook/dp/B01HCGYTH4 ( Profit First) by Mike Michalowicz 3. Do you have an online resource that you find valuable? https://slack.com/ (Slack) https://zillow.com/ (Zillow) https://www.docusign.com/esignature/document-signing-app/ (DocuSign) 4. What book would you recommend to the listeners and why? https://www.amazon.com/ONE-Thing-Surprisingly-Extraordinary-Results/dp/1885167776 (The One Thing) by Gary Keller 5. If you were to give advice to your 20-year-old self to get started in real estate investing, what would it be? Network earlier. RESOURCES Visithttp://m/gp/product/B00NB86OYE/ref=as_li_tl?ie=UTF8&tag=jacob0ee-20&camp=1789&creative=9325&linkCode=as2&creativeASIN=B00NB86OYE&linkId=100a9d2905599266aa7088bba0a33d55 ( Audible) for a free trial and free audiobook download!  https://www.sendmoreoffers.com/iambbarnes43260509 (SendMoreOffers.com) Connect with Brandon on Social Media https://www.facebook.com/iambbarnes/ (Facebook) https://instagram.com/iambbarnes (Instagram) https://www.youtube.com/channel/UCUIV7vvhzqjUy1dIjEOTlEw (YouTube)

    Long Distance Investing - Friday Fundamentals

    Play Episode Listen Later Oct 23, 2020 10:02

    Our world is rapidly changing. It's uncommon that we would see megatrends unfold so quickly, like we're seeing today – social distancing, remote working environments, etc. But something interesting is happening due to this new normal – people are still living their lives, the world is still turning, and we've figured out how to adapt to these new trends. Who knows if these will be permanent or how long they'll last, but one thing I predict is there will be lasting impacts, mostly good I'll add, that will affect each and every one of us. Some of these trends that macroeconomists and others predict include things like: The rise of telemedicine Remote work environments becoming permanent De-urbanization of large cities More focus on space and social distancing With these trends impacting our entire world, it's important to have a forward thinking perspective as a real estate investor and make sure we're keeping up with these trends. Now maybe you once invested primarily in the market you live in. Chances are though, either you or your residents have the opportunity to move to a new location, a new city, or even a new state. This may be a huge disruption to your real estate investing business, or just a minor hurdle you have to overcome. Let's look at 5 tips for long distance investing.   Systems and Processes – these will help you automate your business and bring some structure to the way you do things. Systems are the things that help you – software, tools, online resources etc. Processes are the things you do, the way do them, and the order in which you do them, often with the help of systems. Here's an example of a way I use systems and processes in my business. Let's look at how I screen new residents. The systems that help me most is the online screening and application software called Cozy.co. This software allows me to advertise my available rental units, collect rental applications, and screen prospective residents. That's the system. The process looks more like creating a profile for each of my rental properties, uploading lease documents, applications, etc., and activating the listing when I have upcoming availability. People – real estate is a people and relationship business. While much of the processes of managing a rental property can be done virtually, you still need to have a solid team of people to help you. Relationships with property managers, contractors, realtors, attorneys, accountants, and others are key. With the right people in place, you can outsource tasks to the people who are best and most efficient at carrying them out. The best part is you don't have to have these people full-time, on staff sitting in an office. In today's day and age, you can simply hire these team members on a contract basis, using their services when you need them. Local knowledge – Data is great, but nothing beats local knowledge sometimes. You can research online all the data you want – migration trends, job growth, etc. Sometimes you just can't beat local knowledge. Every market has its quirks and nuances. Having local knowledge will help you make better decisions. Whether this is knowledge you already have, or knowledge you may have to leverage from local relationships, it's important to understand the details of the market you're investing in. Ability to hire property management – you really should be able to outsource possibly the most important role on your team, property management. Without a property manager, you'll be self-managing and will eventually be the bottleneck in your own process. Whether you self-manage or use third party management now, make sure you have the ability to outsource this role if/when the time comes. Pick the right market for the right reasons – you've heard the 3 most important things about real estate are location, location, location. This is because you can change quite a bit about your real estate. You can fix it up, paint it, change it's use entirely, but you...

    Action and Accountability with Connor O'Brien

    Play Episode Listen Later Oct 19, 2020 43:51

    Connor O'Brien is a real estate investor, engineer, and house hacking professional. After graduating college, Connor moved to Chicago where he got his start in real estate with a duplex house hack using an FHA 203K loan. Connor has gone on to invest in small multifamily properties in Illinois and Indiana. Key PointsAccountability House hacking FHA 203K loans Finding opportunities in problems Scaling to small multifamily properties LIGHTNING QUESTIONS1. What was your biggest hurdle getting started in real estate investing, and how did you overcome it? The money piece. Through accountability groups, Connor learned and gained the confidence to overcome that limiting belief. 2. Do you have a personal habit that contributes to your success? Connor attributes much of his success to accountability groups. 3. Do you have an online resource that you find valuable? https://www.stessa.com/ (Stessa )- online property management tool and accounting software 4. What book would you recommend to the listeners and why? https://amzn.to/31qRVuU (The Checklist Manifesto) by Atul Gawande 5. If you were to give advice to your 20-year-old self to get started in real estate investing, what would it be? Be a part of an accountability group. RESOURCES Connect with Connor on https://www.biggerpockets.com/users/ConnorO10 (BiggerPockets) Visithttp://m/gp/product/B00NB86OYE/ref=as_li_tl?ie=UTF8&tag=jacob0ee-20&camp=1789&creative=9325&linkCode=as2&creativeASIN=B00NB86OYE&linkId=100a9d2905599266aa7088bba0a33d55 ( Audible) for a free trial and free audiobook download!

    Negotiating - Friday Fundamentals

    Play Episode Listen Later Oct 19, 2020 9:18

    Every day you are pitching, selling, and negotiating. While you may not realize it, you are constantly vying to communicate a point to someone else, present yourself in a certain way, and so much more. Just the simple act of communication in your day to day life is a form of pitching and selling. You communicate your thoughts to others in the form of a conversation (or podcast episode in this very moment), using words to express your thoughts and feelings to someone else. Communication, defined, is to share or exchange information, news, or ideas. From your direct actions to your subconscious thoughts, you are constantly maneuvering so that you can affect the way you are perceived and influence others how you want. This isn't a bad thing; we all do it. From political speeches to casual conversations with friends, the words we use are meant to communicate our points and shape others' thoughts. There are also nonverbal ways we pitch, sell, and negotiate. How you dress, your body language, your actions, how you listen, among many other factors, are ways you relay nonverbal cues to others. You may be thinking, I don't have anything to pitch, sell, or negotiate. You might nor be in sales, or be a high profile defense attorney, but none the less you pitch, sell, and negotiate your biggest asset every single day. That is yourself. At work or in a professional setting, you probably dress professionally, speak more properly, and act in a certain manner respective to your location. Let's take that high profile defense attorney for an example. You wouldn't expect him or her to walk in the courtroom to present the closing argument in a sports jersey with flip flops and sunglasses, right? You would especially hope not if you're the defendant being represented! But why not? Perhaps the attorney is well prepared and has a solid defense put together. The reason is the attorney is selling him or herself as someone with status who is knowledgable, respected, and takes their responsibility seriously. They're selling themself first before they even pitch and negotiate to the jury the case at hand. Beyond your everyday casual interactions with others, there are many other scenarios when you need to pitch, negotiate, and sell. From negotiating a raise at your job to making offers on investment properties, you must know how to frame conversations, listen to and guide the other person's thoughts and actions to create the outcomes you want. Pitching, selling, and negotiating are subjects that have been researched, studied, and written about in-depth for many years. I've found a few books and resources particularly valuable. They are: https://amzn.to/2Swqjiz (Pitch Anything by Oren Klaf) https://amzn.to/2uvPJVB (Never Split the Difference by Chris Voss) https://amzn.to/39lAhtS (Sell or Be Sold by Grant Cardone) You have something that others want and need, whether that's a bit of information that you know that someone else doesn't, or something you have learned from your experience, simply some words of encouragement, a solution you can provide for someone else, or a number of other things. It's up to you to be able to present those ideas, frame them in a way that you can easily communicate them, and ultimately persuade someone to take action. That's exactly what I am doing here. By interviewing guests every week to providing little nuggets of information on Friday Fundamentals, I hope to provide the knowledge and motivation for you to achieve financial freedom, build the life you want, and help others do the same. Someone somewhere wants and needs what you have. It's up to you to find who, where, and how to provide that value. "You either promote what you've got, or you're demoting it." - Robert Martinez, Guest on https://jacobayers.com/podcast/252-rockstar-real-estate-investing-robert-martinez/ (Episode 252).

    Out of State Investing with Lauren Hardy

    Play Episode Listen Later Oct 12, 2020 60:25

    Lauren Hardy is a real estate investor with a “People First” approach to business. Investing in hundreds of properties in her career, Lauren has the unique reputation of being a successful “virtual investor” having not lived in many of the states she's invested in. Lauren has been able to persevere in extremely competitive markets by constantly following the market changes and being flexible and willing to move market territories when needed. She currently lives in Southern California with her two daughters but invests in properties all over the country. KEY POINTS Out of State Virtual Investing How to find the right market to invest in out of state Common mistakes in choosing a market The Rent to Price Ratio Indicator The Hurdles of Investing Out of State The 4 Quadrants of the Real Estate Cycle  LIGHTNING QUESTIONS 1. What was your biggest hurdle getting started in real estate investing, and how did you overcome it? FEAR and overcome it by making herself COMFORTABLE. 2. Do you have a personal habit that contributes to your success? Eat clean and healthy, get good sleep, waking up early, exercise, reading personal development and business books, and listening to podcasts. 3. Do you have an online resource that you find valuable? Podcasts 4. What book would you recommend to the listeners and why? https://www.amazon.com/Compound-Effect-Darren-Hardy/dp/159315724X (The Compound Effect )book by Darren Hardy 5. If you were to give advice to your 20-year-old self to get started in real estate investing, what would it be? Don't worry and take more risks. Just go and try stuff. RESOURCES Visithttp://m/gp/product/B00NB86OYE/ref=as_li_tl?ie=UTF8&tag=jacob0ee-20&camp=1789&creative=9325&linkCode=as2&creativeASIN=B00NB86OYE&linkId=100a9d2905599266aa7088bba0a33d55 ( Audible) for a free trial and free audiobook download!  https://www.thenorrisgroup.com/ (Bruce Norris Quadrants) http://virtualinvestingmastery.com/ (Virtual Investing Mastery) https://www.youtube.com/channel/UCzSgvB_j27AKwshyGFhkizw (YouTube) https://www.instagram.com/thismomflips/?hl=en (Instagram) @ thismomflips

    Write Your Own Story – Friday Fundamentals

    Play Episode Listen Later Sep 25, 2020 12:51

    Do you remember when you were a kid what you wanted to be when you grew up? For me, first I wanted to be a truck driver. Then it was a bull rider – I wore boots, jeans, and a cowboy hat to pre-school, kindergarten, and throughout elementary school. I held my own real-life rodeos with the help of my dog. Then it was an astronaut. I had a poster of Neil Armstrong, Buzz Aldrin, and Michael Collins from the 1969 Apollo 11 space flight and the moon landing. I also wanted to be a veterinarian, an anesthesiologist, and the President of the United States just to name a few more. Luckily, my parents, like so many others, encouraged me to do and be whatever I wanted. When we are young we are encouraged to explore, learn new things, and be creative. But eventually, that freedom fades as we grow older. Eventually, we're expected to bear the normal responsibilities of working a steady job, traditional retirement planning, raising a family, and so on. We quit encouraging people to explore and learn new things way too early in life. At 18 years old you're expected to know what you want to do for a career when just 2 years ago you couldn't even drive yourself to a job. Before we know it, we're slapped with the responsibilities of life, and all that room for being creative quickly disappears. “Adults are always asking kids what they want to be when they grow up because they are looking for ideas.” – Paula PoundstoneYou can live your life however you want. Anything you can imagine is possible. You must first imagine that. This is your vision. Your vision is the big picture. It's the framework for goals and actions. You vision outlines who you want to be, how you want to live your life, and what values you have. Your vision will be your reasons why you wake up every day and pursue your goals. Your vision is what you strive for. The more specific you can make your vision, the better. A vision to simply “be wealthy” or “be happy” isn't enough. Be specific. Use emotionally charged language about how you will feel. Most importantly, write it down. It's ok if you don't know exactly what your vision is just yet. Writing it down will help you turn your thoughts into words, and then turn those words into actions. Your vision will probably change over time too. Think big with your vision. Remember, people, overestimate what they can do in a year, and underestimate what they can do in a decade. Look at New Year's resolutions for example. People set lofty goals only to give up by the time February rolls around. A lot can change in 5 years, 10 years, and so on. 5 years doesn't seem like that long of a time, right? But think back 5 years ago to a point in your life. Look at how much has changed for you since then. I'm sure you've grown, learned and experienced new things, and are capable of more now. Your interests, hobbies, priorities, and responsibilities have probably changed some too. One thing is certain: whether you changed (for the better or worse) or not, those 5 years have passed. And the next 5 years will pass. “It is the set of the sails, not the direction of the wind that determines which way we will go.” – https://www.brainyquote.com/quotes/jim_rohn_130022?src=t_sails (Jim Rohn)You owe it to not only yourself but to the other people in your life, to be the best version of you. That's all – just be the best person you can be. Anything less is wasting your potential, and well, there isn't anything more you can do. Living IntentionallyYour vision serves as a purpose for you to live intentionally. Living intentionally means you make conscious decisions to living your life how you want. As we all know, it can be easy to get caught up in everyday life, being reactive to the things that come our way. If life is a pinball machine, you can either be the pinball being bounced around, or you can be the paddles. Which do you want to be? If you don't know EXACTLY who you want to be and what you want to be doing in 5 years, you're...

    The Black Sheep Mindset with Mario Mazsamuto

    Play Episode Listen Later Sep 23, 2020 58:28

    Mario Mazzamuto is an apartment syndicator, appraiser, a full-time real estate investor, a house flipper, Certified High-Performance Coach, a builder, speaker, best-selling author of the book "The Road to Success" with co-author Jack Canfield (Chicken Soup for the Soul), and CEO at Black Sheep Real Estate Experts, LLC. He is a black sheep that bootstrapped both his education and career. Although he was kicked out of high school multiple times, this didn't hamper him to achieve success in life. Mario keeps on learning through experience. He was 14 when first working full time, and fell in love with it. He is a true definition of a word ‘workaholic' who loves grinding every day. He has been in a real estate appraisal company for 18 years now, flipping business for almost 11 years, and running construction as well. As a certified life coach Mario is very particular with his physical and mental health while achieving his goals and vision in life.   KEY POINTS Mindset behind both making and losing money Creative ways to invest in real estate with no money The power of partnerships Why networking is important to your success Your health is more important than any investing strategy Tips to create a well-balanced life How to win battles against your negative thoughts LIGHTNING QUESTIONS 1. What was your biggest hurdle getting started in real estate investing, and how did you overcome it? Getting started and overcoming it by just taking action. 2. Do you have a personal habit that contributes to your success? Forcing myself to look at the glass half full. 3. Do you have an online resource that you find valuable? https://www.instagram.com/jockowillink/?hl=en (Jocko Willink's Instagram) 4. What book would you recommend to the listeners and why? https://www.amazon.com/Awaken-Giant-Within-Immediate-Emotional/dp/0671791540#:~:text=Awaken%20the%20Giant%20Within%20%3A%20How,8601417008300%3A%20Amazon.com%3A%20Books (Awaken The Giant Within) book by Tony Robbins 5. If you were to give advice to your 20-year-old self to get started in real estate investing, what would it be? Don't take it all so seriously. Just start small, start somewhere, and take that action. If you lose money, you'll survive so don't worry about it. RESOURCES Visithttp://m/gp/product/B00NB86OYE/ref=as_li_tl?ie=UTF8&tag=jacob0ee-20&camp=1789&creative=9325&linkCode=as2&creativeASIN=B00NB86OYE&linkId=100a9d2905599266aa7088bba0a33d55 ( Audible) for a free trial and free audiobook download!  https://www.gobundance.com/ (GoBundance) https://www.youtube.com/playlist?list=PL037C3F536F565750 (Paul Stamets Mycelium Genius) https://www.amazon.com/Tribe-Millionaires-choice-change-everything-ebook/dp/B07VJLCRCB (Tribe of Millionaires) book by David Osborn, Mike McCarthy, Pat Hiban, Tim Rhode, Hal Elrod https://www.mariomazzamuto.com/ (Mario's Website) https://www.linkedin.com/in/mario-mazzamuto-8352b11a/ (LinkedIn)

    Mitigate Your Risks - Friday Fundamentals

    Play Episode Listen Later Sep 18, 2020 8:13

    Hedge Your Risk Risk, by definition, is the possibility that something bad or unpleasant will happen. We take risks, avoid them, mitigate them, and are surrounded by them at all times. From getting in our vehicles and traveling to investing our money or time, we take calculated risks every day. We all have different levels of risk tolerance. We all have different perspectives of what risk is. To some people, investing their time and money is a risk. To others, not investing their time and money is a risk. We don't even always agree on what exactly risk is. Obviously, real estate investing comes with some risk. However, not investing in real estate also comes with risk. Some people go so far as to avoid risk that they incur risks by doing nothing. Some will argue that investing is risky and to that, I say doing nothing is also risky. There are opportunity costs of doing nothing. So this leaves us at a crossroads – risk if we do risk if we don't. SO how do we move forwards and not let risk paralyze us. Well luckily for real estate investors there are ways we can hedge our risk. Let's explore those. Force appreciation – this is one of the biggest advantages of multifamily. Since multifamily properties (5 units and larger) are largely valued on their net operating income, you can increase the value of the property by increasing the NOI. Buy for positive cash flow – when you purchase a property that creates positive cash flow every month, you don't have to worry about the current value of the property, current market conditions, and other things that may be somewhat out of your control. This is because whether or not the property increase in value or not, you are still getting paid to own it every single month. This gives you a lot of options.  Secure long term debt. There's almost no other asset in which you can get a long term, 30- year, fixed-rate loan. We might not know what the future holds, but with these types of loans, you can be sure that one of your largest expenses, your mortgage, will stay the same. Have adequate cash reserves – When you buy a cash flowing property, not only are you building up monthly income every month. If you have adequate cash reserves, you are more easily able to handle those unexpected expenses that may arise. Buy at a discount – when you purchase a property at a discount, or wholesale price, you can provide yourself with more wiggle room to complete the project, produce positive cash flow, or achieve whatever it is you're doing with that specific property. There are several ways you can find and buy discounted properties. Usually what you'll look for are sign of either owner distress or physical distress of the property. These include:   Pre-foreclosures Foreclosure auctions Tax foreclosures Physically distressed properties FSBO For rent signs *Bonus – business entities, like LLC's LLP's, etc., property insurance, and equity. As real estate investors, we're constantly seeking asymmetric risk/return profiles, meaning the returns far outweigh the risks. The best hedge against risk is education. There's nothing that pays a better dividend than investing in yourself. Once you understand how to protect your downside and mitigate risks, you can begin to take calculated risks that you may have once felt uncomfortable with. Don't let the fear of losing keep you from winning. Invest in yourself, continue to learn, and remember to look for opportunities where others see challenges.

    Doing Well by Doing Good with Dave Holman

    Play Episode Listen Later Sep 8, 2020 51:31

    DAVE HOLMAN When it comes to the world of real estate investing, there doesn't have to be a distinction between doing well and doing good. Enter Dave Holman, a man on a mission to use real estate to solve problems and improve communities. Having nearly a decade of experience as a real estate investor, Dave is passionate about teaching others how to achieve doing well by doing good. Dave's story did not start in real estate. His first major investment took place right out of college when he co-founded a multi-lingual retail chain in Bolivia, The Spitting Llama Bookstore and Outfitter, with the hope of improving the country's social environment and ecology. It wasn't until five years later that he entered the world of real estate investing and brokering with a similar mission: to help benefit residents, investors, and the planet. Dave now co-owns 94 rental units in Southern Maine, enjoying his time working with investors, owners, residents, and contractors to help with energy efficiency, syndications, and property management. In addition to investing and brokering, Dave expresses his passions through writing and is the author of three books: Youth Renewing the Countryside, Coffee Smuggler, and Cyber Fire.  KEY POINTS Starting a real estate business from 0 How to achieve a freer-life mindset Replicable entry into real estate from a duplex to 94 units Finding deals through mismarketed properties Property management best practices for investors, landlords, and tenants  Growing and scaling your portfolio by refinancing Passive vs Active investing – the pros and cons of each and how to choose the right fit for you Working with new immigrants and creating a win-win situation helping communities LIGHTNING QUESTIONS 1. What was your biggest hurdle getting started in real estate investing, and how did you overcome it? No capital, so he partnered with family who had the capital and who believed in him. 2. Do you have a personal habit that contributes to your success? Stay positive to people and to life. 3. Do you have an online resource that you find valuable? https://apps.apple.com/us/app/genius-scan-pdf-scanner/id377672876 (Genius Scan) https://www.biggerpockets.com/ (Bigger Pockets) https://www.rentalhero.io/ (Rental Hero) https://cozy.co/ (Cozy) 4. What book would you recommend to the listeners and why? https://www.amazon.com/Let-People-Surfing-Education-Businessman/dp/0143037838 (Let My People Go Surfing) book by Yvon Chouinard https://www.amazon.com/Investment-Biker-Around-World-Rogers/dp/0812968719 (Investment Biker) book by Jim Rogers 5. If you were to give advice to your 20-year-old self to get started in real estate investing, what would it be? Try to erase some of the stigma against landlords, & wait for the right time for you. RESOURCES Visithttp://m/gp/product/B00NB86OYE/ref=as_li_tl?ie=UTF8&tag=jacob0ee-20&camp=1789&creative=9325&linkCode=as2&creativeASIN=B00NB86OYE&linkId=100a9d2905599266aa7088bba0a33d55 ( Audible) for a free trial and free audiobook download! https://www.holmanhomes.com/ (Website) https://katahdin.managebuilding.com/Resident/public/home (Katahdin Property Management)

    Building Your Team – Friday Fundamentals

    Play Episode Listen Later Sep 8, 2020 9:55

    Building The Best TeamReal estate investing is a team sport. You don't have to look far to see that. Take buying an investment property for example. We'll walk step by step through the process and look at the team it requires to be a successful real estate investor. You, the investor, look for an investment property to purchase. Likely, that search isn't solo. You might enlist the help of a realtor to find on-market deals, or build a direct-to-seller campaign using the help of virtual assistants, local support, and many other creative ways to find those elusive off-market deals. Once you've found the perfect deal, the next step is to get it under contract. Your realtor can help with this process, or if you're more experienced you can navigate it on your own. Using your state's real estate commission approved real estate contract is usually a good approach. Next, it's time to get the financing process started. You'll need a good lender who is experienced with investment property loans. Your lender will be able to help you apply and qualify for a loan that fits your investment strategy. They will also help and guide you through the process of getting to the closing table with the title company, and preparing the loan documents needed to close. Behind the scenes, your title company is doing the heavy lifting, making sure the property has a clear title with no leans, encumbrances, etc. Your title company handles the transfer of the funds, working with your lender to transfer the funds to the seller, only after all the appropriate paperwork has been signed by both the buyer and seller. Finally, you'll close on the property, and this is just the beginning. Now you need a solid team to operate the property. You will typically enlist the help of a property manager unless you decide to self manage the property. The property manager will take care of the day-to-day activities from showing and leasing, to collecting rent, handling maintenance requests, and creating monthly P&L reports. Keeping an accurate record of your finances is crucial. These records will feed into your tax returns and future loan applications. Hiring a bookkeeper can be a huge help in this area. If you're just starting out, you may manage the bookkeeping on your own. I've found https://www.stessa.com/ (Stessa) to be a great asset management software that helps me manage the finances in my portfolio. Taxes are one of the five ways you're paid as a real estate investor, so it's important to make sure you're getting the most out of it as you can. Hiring a good CPA to handle your taxes is critical. Unless you're a CPA experienced with real estate investments, I suggest you get a good CPA on your team. They'll be worth their weight in gold, not to mention saving you a lot of liability when you file your taxes on your own. Your CPA will be able to help maximize your deductions, consult on different tax saving strategies, and so much more. Definitely hire a good CPA, and you won't regret it. Investing in real estate will sometimes require you to enlist legal assistance. From dealing with tenant/landlord suits to asset protection and corporate setup, specialized attorneys can be an asset on your team. There are many different areas of law, and finding an attorney who specialized in a specific area you need is important. Ask around for references and find an attorney who will fit well on your team when you need them. You can scale this team up or down to meet your needs. Each one of these team members will serve an important role on your team. But fortunately for you, this doesn't mean you have to hire a team of a dozen people full time sitting in your office. You can hire each of these people for a specific task, kind of like a consultant. Other team members you may consider, depending on your specific business, are: Partners Investors Syndication attorney Cost segregation consultant Property tax consultant Go Far Together“If you want to go...

    Power Up Your Real Estate with Mike Fritz

    Play Episode Listen Later Aug 31, 2020 57:54

    MIKE FRITZ Mike Fritz is an entrepreneur, real estate investor, best-selling author, international speaker, coach, CEO & Founding Member of Titanium Capital Investments, and founder of Power Up Real Estate, a platform that helps people start in real estate investing, create financial freedom and enjoy the life they designed for themselves. Currently, Mike is doing a lot of bigger deals, mainly passive multifamily investing. He developed the 10-Week Multi-Challenge, a coaching program that helps people get a property within 10 weeks.    KEY POINTS Why it's necessary to have a life blueprint How your mindset affecs your success Steps to start designing your life The 3 important pillars of life Mike's Freedom Number How to get started in real estate with house hacking Living within your means and stretching your mindset Investing your money to up level your mindset that will create more cash Why mentoring and coaching are worth your investment  LIGHTNING QUESTIONS 1. What was your biggest hurdle getting started in real estate investing, and how did you overcome it?  Finding money/capital but overcome that by targeted and looked for seller financing low-money down deals that could generate cash for him. 2. Do you have a personal habit that contributes to your success? All kinds of meditation, and exercises. 3. Do you have an online resource that you find valuable? Ed Mylett App for mindset training https://www.biggerpockets.com/ ( Bigger Pockets) 4. What book would you recommend to the listeners and why? https://www.amazon.com/Secrets-Millionaire-Mind-Mastering-Wealth/dp/0060763280#:~:text=Secrets%20of%20the%20Millionaire%20Mind%20is%20two%20books%20in%20one,have%20shaped%20your%20financial%20destiny. (Secrets of the Millionaire Mind) book by T. Harv Eker 5. If you were to give advice to your 20-year-old self to get started in real estate investing, what would it be? Focus in a single direction rather than a split direction.   RESOURCES Visithttp://m/gp/product/B00NB86OYE/ref=as_li_tl?ie=UTF8&tag=jacob0ee-20&camp=1789&creative=9325&linkCode=as2&creativeASIN=B00NB86OYE&linkId=100a9d2905599266aa7088bba0a33d55 ( Audible) for a free trial and free audiobook download! http://poweruprealestate.com/ (Power Up Real Estate) https://www.youtube.com/channel/UClVL53MXQeB3YhJ0pkTcEow (YouTube) https://www.facebook.com/MikeFritzSpeaks/ (Facebook) https://twitter.com/mikefritzspeaks (Twitter) https://www.instagram.com/the_mike_fritz/ (Instagram) https://www.linkedin.com/in/mike-fritz-65b63327/ (LinkedIn) The 10-Week Multi-Challenge Email: Mike@poweruprealestate.com https://www.stitcher.com/podcast/power-up-real-estate/e/69851863 (The Power Up Real Estate Podcast)

    10 Things to Be Thankful For - Friday Fundamentals

    Play Episode Listen Later Aug 28, 2020 9:00

    Real estate investing can be an emotional roller coaster, from the highs of closing on a home run deal to the lows of losing deals, and dealing with the many challenges that every investor faces. 10 things to be grateful for as a real estate investor: 1.      You can be creative to solve problems. Being a real estate investor, your primary responsibility is that of a problem solver. Most of the time there isn't a policy, procedure, or go-by for you to turn to. Instead you're able to be creative in your approach to solving problems. You're also paid in direct proportion to the size of the problems you can solve. 2.      Leverage. Ahh, yes, leverage – one reason why real estate outperforms other asset classes. As a physical asset, that has historically appreciated (both due to natural appreciation combined with inflation of our currency), banks, individuals, and other institutions are willing to lend borrowers, just like you and I, money to purchase real estate, since their money is collateralized (i.e. – backed) by a physical asset. In the U.S. we're able to borrow long-term, fixed-rate loans, often as long as 30 years, with currently historically low interest rates. This leverage allows you to spread your capital across more than just one property, and thus control more and more real estate. 3.      No glass ceiling. There is no limit to your success as a real estate investor, other than the limits you place on yourself. Want to buy 1 house a year for the next 20 years? Fantastic. Want to scale your real estate portfolio to 10,000 units? More power to you! 4.      Creating win/win scenarios. Real estate investors sometimes have the perception from others as greedy landlords, Scrooge McDuck type people only concerned about their own well-being. But that couldn't be farther from the truth. As real estate investors, we must create win/win scenarios for ourselves, the residents who call our property home, the communities we invest in, and our investor partners. 5.      Compounding success. Real estate investing is like eating potato chips. It's hard to have just one. This is because your success compounds with real estate. Starting out, you create a small snowball and with time it grows larger and larger, almost impossible to stop.   6.      Wealth creation. Real estate investors become wealthy over time due to appreciation, principal pay down, and inflation profiting. As a property increases in value over time, the tenant is paying down your mortgage for you, all while your mortgage payment is paid back at a fixed rate in nominal dollars. 7.      Financial freedom. Real estate investors grow rich in their sleep. If you follow the principles we talk about here on the show, then you're investing in cash-flowing markets that generate positive cash flow. With enough of this passive cash flow, one can reach financial freedom. The tax benefits of investing in real estate are an added bonus, allowing you to keep more of the money you earn in your pocket.   8.      Knowledge. There is a plethora of information and resources at your fingertips, from podcasts to books, meetup groups, conferences and so much more. 9.      Relationships. Real estate is a team sport, and your success is directly related to the quality of your relationships. You get to develop relationships with partners, team members, the communities you invest in, and the residents who reside in your property. 10.  Fulfillment. As a real estate investor, you find problems, create solutions, and are compensated for doing so. But more importantly, you're p[providing one of the fundamentals needs of people – housing. You can see a direct impact of your actions, which...

    Investing with Your Tribe with Travis Smith

    Play Episode Listen Later Aug 25, 2020 45:25

    Travis is the founder & CEO of Tribevest. He started his career with Morgan Stanley but realized the most direct path to true wealth and financial freedom is in the private markets. He is now a partner in several investor groups (he calls Tribes) that invest in SFRs (single-family-rentals), multifamily, and commercial real estate. However, his favorite investor group is the one that enabled him to own vacation homes and even a racehorse with his Brothers. Now his obsession is to level the playing field, and he knows first hand that forming investor groups is the great equalizer. As a result, he built Tribevest, an online platform where people can assemble their tribe, align, form, and operate their own investor group. KEY POINTS The most direct path to true wealth and financial freedom Leveraging the power of your tribe Tribe Mentality, social contracts, and the great equalizer Hurdles and stigma of investing with friends and family How Tribevest can help people just like you Why a lot of tribes never get started How the Job Acts of 2012 has democratized private investments LIGHTNING QUESTIONS 1. What was your biggest hurdle getting started in real estate investing, and how did you overcome it? Travis didn't have the know-how, capital, or network but solved these challenges by forming an investor tribe. 2. Do you have a personal habit that contributes to your success? Meditation, counting gratitude, a vision, and prayer every morning. 3. Do you have an online resource that you find valuable? https://www.biggerpockets.com/ (Bigger Pockets) 4. What book would you recommend to the listeners and why? https://www.amazon.com/Mindset-Psychology-Carol-S-Dweck/dp/0345472322 (Mindset) book by Carol S. Dweck 5. If you were to give advice to your 20-year-old self to get started in real estate investing, what would it be? Form investor tribe earlier, and told himself just how awesome the real estate is and why. RESOURCES Visithttp://m/gp/product/B00NB86OYE/ref=as_li_tl?ie=UTF8&tag=jacob0ee-20&camp=1789&creative=9325&linkCode=as2&creativeASIN=B00NB86OYE&linkId=100a9d2905599266aa7088bba0a33d55 ( Audible) for a free trial and free audiobook download! https://www.tribevest.com/ (TribeVest) Email: travis@tribevest.com

    The Crossroads of Progress and Perfection - Friday Fundamentals

    Play Episode Listen Later Aug 22, 2020 10:34

    You are planning a road trip that will take you across the country, from Portland Maine driving south to Tampa, Florida. But being the perfectionist, Type-A person you are, you want to make sure everything for your trip is planned just right. That includes making sure you avoid every bit of traffic, travel when there is only good weather, and never even so much as hit a red light. Sounds ridiculous, right? With that perfect of a trip expected, you wouldn't make it past the Casco Bay Bridge into South Portland, much less ever make it to Florida. If you instead committed to driving to Tampa, Florida with the expectations that you will come across unforeseen circumstances along the way, then you can best prepare for those now and start your journey knowing you'll make it to those sunny and sandy beaches regardless of what the open road challenges you with. Not to mention, you'll have your feet in the sand before you would have even left your front door, had you waited for the world to align to your perfect conditions.  This is where so many of us find ourselves in our daily lives, although we may not realize it. We're waiting for the perfect time to do that thing we've been thinking about and putting off. We want to wait for the right time, have it all figured out, and be completely prepared for every realistic and unrealistic scenario we can imagine. We find ourselves at the crossroads of progress and perfection. On one hand, we don't want to make any hasty moves that may incur unnecessary risk. Therefore, we put off taking action thinking we are avoiding risk. But what we often don't realize is not taking action doesn't mean we're avoiding risk. In fact, not acting is a risk in itself. Darned if you do, darned if you don't! We are wired to avoid risk wherever possible. But this risk aversion can sometimes come at our own detriment. We may miss out on opportunities, unknowingly incur risk by staying in our same risky situation, or worse, never even experiencing the feelings of taking calculated actions and overcoming our own hurdles in life. This is what psychologists call loss aversion, which refers to a person's tendency to prefer avoiding losses rather than acquiring equivalent gains (Wikipedia). Simply put, it is better to not lose $5 rather than to find $5. Do you keep what you have, or strive for more? Striving for perfection comes with opportunity costs. Opportunity cost refers to the loss of potential gain from other alternatives when one alternative is chosen. In other words, you cost yourself other opportunities by striving for perfection, rather than making progress. In the tech world, when a product is being designed, the developer will release a Beta version, which its purpose is to test market conditions, receive feedback, identify bugs, and in return, the developer improves the product in iterations, based on those inputs. Steve Jobs, co-founder of Apple, is a popular case study for this topic. Although he was a notoriously fierce perfectionist, even he released the early version of the iPhone with flaws. Think of the difference in technology between the first iPhone and the latest model. Had Steve Jobs waited to launch the iPhone until it was perfect, you might be carrying around a BlackBerry, Motorola Razr, or Nokia phone instead. Think back to a time when you were faced with a big decision- maybe a new job offer, deciding on where to attend college, proposing to your significant other, or moving to a new place for instance. Think of the feelings and emotions you had. On one hand, you're excited, and on the other, you're nervous about taking that next step and reviewing all the risks that come with it. Hopefully, you thought through the decision, weighed your options, and made the decision that was best for you with the information you had at the time. That's how I have experienced life – a series of these decisions. Your life is a culmination of the decisions you've made. Your thoughts,...

    Multifamily Investing with a Full Time Job with Mike Vann

    Play Episode Listen Later Aug 17, 2020 41:54

    Mike has been investing in real estate for almost 20 years throughout Arkansas and Missouri while balancing a family and a full-time career in the Medical Device Industry. He has built a $6M+ personal portfolio across multiple asset classes, consisting of Single Family, Small Multifamily, Apartments & Commercial properties. Having worked in the family construction business, he gained experience in both doing the work and in project management. These skills served him well as he has completed many flips, rehabs and even a heavy lift, $7k per door apartment complex renovation over the last several years. In 2017, after years of informally helping people through advice, mentoring and sharing his knowledge of the business, he decided to formalize and scale those efforts to help other busy professionals realize the security and freedom that can be attained through real estate investing. He is achieving those goals through apartment syndication and has since been involved in the purchase of approximately 1000 units in Kansas, Oklahoma and DFW valued in excess of $60M. Besides educating and helping busy professionals work their way towards financial freedom, Mike enjoys being involved in local, national, and international mission work and believes “We are blessed, to be a blessing”. KEY POINTS Balancing real estate investing with a full-time day job Scaling a duplex into 55+ units Growth through doing the uncomfortable things Tips to a successful multifamily syndication What to look for in a potential partner Common mistakes of a new real estate investor Passive vs. Active investing  LIGHTNING QUESTIONS What was your biggest hurdle getting started in real estate investing, and how did you overcome it? Taking action. Do you have a personal habit that contributes to your success? Prayer and strong faith. Do you have an online resource that you find valuable? Continue educating oneself on a daily basis like reading journals and listening to podcasts. 4. What book would you recommend to the listeners and why? https://www.amazon.com/Rich-Dad-Poor-Teach-Middle/dp/1612680194#:~:text=OK-,Rich%20Dad%20Poor%20Dad%3A%20What%20the%20Rich%20Teach%20Their%20Kids,Market%20Paperback%20%E2%80%93%20April%2011%2C%202017&text=Find%20all%20the%20books%2C%20read%20about%20the%20author%2C%20and%20more.&text=April%202017%20marks%2020%20years,in%20the%20Personal%20Finance%20arena. (Rich Dad, Poor Dad) book by Robert Kiyosaki https://www.heinemann.com/products/e09217.aspx (Phenomenal Teaching) book by Wendy Ward Hoffer If you were to give advice to your 20-year-old self to get started in real estate investing, what would it be? Start now. RESOURCES Visithttp://m/gp/product/B00NB86OYE/ref=as_li_tl?ie=UTF8&tag=jacob0ee-20&camp=1789&creative=9325&linkCode=as2&creativeASIN=B00NB86OYE&linkId=100a9d2905599266aa7088bba0a33d55 ( Audible) for a free trial and free audiobook download! https://tridentmultifamily.com/ (Website) https://www.facebook.com/mike.vann.921 (Facebook) https://www.linkedin.com/in/mike-vann-65767225/ (LinkedIn) Email: mike@tridentmultifamily.com

    Your Environment – Friday Fundamentals

    Play Episode Listen Later Aug 14, 2020 8:56

    Every single day we're influenced by so many different things, both internally and externally. Some of these influences we may be aware of, and others influence our subconscious. These influences together make up our environment. People make up much of your environment, but there are also other factors to your environment - your home, thoughts, health, energy, etc. Other people, whether you realize it or not, influence your thoughts. Your thoughts guide your actions, and your actions determine your outcome. If you want to change your life, then change your environment. There are people who give you energy, and then those that require your energy. It's important to surround yourself with positively influential people and a supportive environment. You may have to detach from certain things in your environment. Other things you may not be able to detach from and will have to learn to limit those influences (read: family). "You are the average of the 5 people you spend the most time with." - Jim RohnYour environment is ever changing, and with some intention, it can be for the better. Let's look at some resources to elevate your environment. Conferences provide an environment of people and information focused on a commonality. This can be a way to find people who have the mindset, values, and success that you may be looking for. From my experiences, conferences are a great way to get around people who are doing what you want to do, think the way you want to, etc. Meetups are like mini conferences. You can find meetup groups on meetup.com for almost anything you can imagine. These are often more social interactions where you can develop relationships in your community and find people who are interested in the same things you are. If there isn't a meetup group in your area for whatever it is you want, then go out and start one! Chances are other people are looking for that same group. Accountability Groups are another great way to connect with people who are all moving in the same direction together. An accountability group can be an informal group of friends or peers who network together periodically and help one another achieve their desired outcomes. By providing accountability to one another, you encourage and each other to accomplish things that you may otherwise not have the personal motivation to do. Your circle of friends has so much impact on your day-to-day thoughts, actions, and outcomes. Although most of us don't realize the effect our friends have on us, they do have quite an impact on our outcomes. Look at who you spend the most time with and evaluate what each person's positive and negative qualities are. Your circle of friends changes over time usually, considering all of your first-grade childhood friends and you have likely grown apart since then. Online content. In a world connected by the internet, we're constantly influenced by things we see online. In fact, there are now what we call "influencers". Don't ask me what an influencer actually does. But nonetheless, it's important to be cognizant of what online content we are consuming. If you find yourself watching silly videos and scouring funny memes, then you might not be promoting as positive of an environment as compared to consuming more productive content, or following inspiring people, or learning new things. These five things will help you elevate your environment and in turn, start to provide more positive influences in your life. Elevating your environment is a constant exercise and something you should be consistently evaluating and working towards. You yourself, just at much as other external influences, are a big influence. Think of yourself as a magnet. You can attract positive influences or you can attract negative influences. Instead of getting together with a group of friends and having a pity party about make believe obstacles while holding each other back, rather uplift others. Be the person who provides value to those around you....

    Positivity Brings Profitability with Vinney Chopra

    Play Episode Listen Later Aug 2, 2020 44:08

    VINNEY CHOPRA https://vinneychopra.com/ (Vinney “Mr. Smiles” Chopra) returns to the podcast for his 4th appearance on the show. Vinney is a multifamily investor & syndicator, podcast host, speaker, educator, and best-selling international author. Vinney is Jacob Ayers' mentor and partner. In this episode, Vinney talks about how positive thinking can impact one's life and shares some tips on how to stay on top of your career and business despite this pandemic!   KEY POINTS Why Vinney's companies have been less affected by COVID-19 Great opportunities in multifamily investing Real estate tips for beginners Golden rules of goal setting Vinney's secret sauce to success Multifamily Investing Academy Time management techniques   RESOURCES Visithttp://m/gp/product/B00NB86OYE/ref=as_li_tl?ie=UTF8&tag=jacob0ee-20&camp=1789&creative=9325&linkCode=as2&creativeASIN=B00NB86OYE&linkId=100a9d2905599266aa7088bba0a33d55 ( Audible) for a free trial and free audiobook download!  https://www.amazon.com/Apartment-Syndication-Made-Easy-Guide-ebook/dp/B07SW16PJJ (Apartment Syndication Made Easy) book by Vinney Chopra https://www.amazon.com/Positivity-Brings-Profitability-profitable-syndication-ebook/dp/B08D7ZWDZ1 (Positivity Brings Profitability) book by Vinney Chopra https://www.amazon.com/Miracle-Morning-Not-So-Obvious-Guaranteed-Transform/dp/0979019710 (The Miracle Morning) book Hal Elrod https://vinneychopra.com/ (Vinney's website)

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