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[First in a series of 2019 Hui Club member interviews and live coaching sessions. No more interviews of the same old people, these are real people just like you].Article Link: Text “simple” to 314-665-1767 to download the Hui Google Drive files and the 2018 Rental Property AnalyzerFor a free electronic version of my bestselling book in 12+ categories text the word "ebook" to 587-317-6099.Please help the show by leaving a review: http://getpodcast.reviews/id/1118795347Join the Hui Deal Pipeline Club! SimplePassiveCashflow.com/clubPardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math!________Here are the Show Notes________[First in a series of 2019 Hui Club member interviews and live coaching sessions. No more interviews of the same old people, these are real people just like you]Karl is a police officer who is currently making about 35k in passive income from his properties, which consists of 18 houses and 24 apartment units and are spread across small multifamily units.He started purchasing these properties in 2009.He then moved into wholesaling and just basically putting his money to work through private lendings and house flipping.He still keeps his day job as a police officer and continues to serve his community and help other people.The high demand for a better and affordable housing in their city drove Carl to try and enter the real estate business.Karl talks about his experiences on being a landlord and an investor. He also shares his experiences in house flipping as well as his future plans after retirement. See acast.com/privacy for privacy and opt-out information.

[First in a series of 2019 Hui Club member interviews and live coaching sessions. No more interviews of the same old people, these are real people just like you]. Article Link: Text “simple” to 314-665-1767 to download the Hui Google Drive files and the 2018 Rental Property Analyzer For a free electronic version of my bestselling book in 12+ categories text the word "ebook" to 587-317-6099. Please help the show by leaving a review: http://getpodcast.reviews/id/1118795347 Join the Hui Deal Pipeline Club! SimplePassiveCashflow.com/club Pardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math! ________Here are the Show Notes________ [First in a series of 2019 Hui Club member interviews and live coaching sessions. No more interviews of the same old people, these are real people just like you] Karl is a police officer who is currently making about 35k in passive income from his properties, which consists of 18 houses and 24 apartment units and are spread across small multifamily units. He started purchasing these properties in 2009. He then moved into wholesaling and just basically putting his money to work through private lendings and house flipping. He still keeps his day job as a police officer and continues to serve his community and help other people. The high demand for a better and affordable housing in their city drove Carl to try and enter the real estate business. Karl talks about his experiences on being a landlord and an investor. He also shares his experiences in house flipping as well as his future plans after retirement.

Article Link: Text “simple” to 314-665-1767 to download the Hui Google Drive files and the 2018 Rental Property Analyzer For a free electronic version of my bestselling book in 12+ categories text the word "ebook" to 587-317-6099. Please help the show by leaving a review: http://getpodcast.reviews/id/1118795347 Join the Hui Deal Pipeline Club! SimplePassiveCashflow.com/club Pardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math! ________Here are the Show Notes________Graham Parham: New Awards:#1 in units at Highlands Residential Mortgage for 2017#11 in state of Texas and 92nd in the US according to The Scottsman Guide andMortgage Executive Magazine – 1% top originators in the USTop Ranked – Ask A Lender Discussion today is 1-4 unit income properties, not owner-occupied.20% down on first ten financed properties? 25% for 2-4 units?DTI considerations when using HELOC from primary residence to invest?Credit scores down to 620. Max. credit score that helps?Reserves?New Fannie Mae Reserve Requirements for Investors with Multiple Properties OwnedThe Old requirements were six months Principle, Interest, Taxes, and Insurance (PITI) on the subject property and two on all other properties up to 4 leveraged 1 – 4 family properties excluding the primary residence. Properties 5 – 10 would require six month PITI on all properties.The New requirements are based on a percentage of the unpaid principal balance on each loan excluding the primary residence. If a borrower has 2-4 financed properties, the reserves of 2% of the unpaid principal mortgage balances are required, excluding the principal residence and the subject property. If a borrower has 5 - 6 financed properties, 4% of the unpaid principal mortgage balances are required, excluding the principal residence and the subject property. If a borrower has 7 to 10 financed properties, 6% of the unpaid principal mortgage balances are required, excluding the principal residence and the subject property.The aggregate UPB calculation does not include the mortgages and HELOCs that are on the subject property, the borrower’s principal residence, properties that are sold or pending sale, and accounts that will be paid by closing.The subject property will still have monthly reserve requirements based on the total mortgage payment (PITI). Reserves are funds that you have access to liquid or non-liquid. Reserves are funds you need to have after the closing your transaction. Funds for reserves cannot be your funds for down payment or closing cost.Fannie Mae now will allow for 100% of the Non-Liquid funds, not 60%Non-Liquid funds can be used for reserve requirements.” IRA’s 401K’sSEP Funds Gifts are NOT allowed on an investment property. Investor interest rates how much higher than owner-occupied? Mortgage sequencing. Example: if buyer wants to buy in Memphis today, Jacksonville next month, how should they plan? Overall, lending climate more lose or tighter than 1 year ago? 5 years ago? What should a prospective borrower do before contacting you? 1031 exchanges Cost and funding What cost are covered in the exchangeWhat is UP with interest rates?4 Factors that determine your mortgage interest rate: Credit ScoreCredit Scores Adjustments 740 + 740 – 720 720 – 700 700 – 680 680 – 640 640 – 620 % of down payment 20% or 25% Loan Amount Adjustments Property TypeWhat about the 15 Year fixed?Does it make since to pay points?What is the difference between Mortgage Brokers and Mortgage Bankers?What are overlays?Does Fannie Mae have a black list?Are Appraisals regulated and by who?Is there an appraisal black list?What happens if the appraisal does not come in a contract price?Closing cost differences between lendersShould I pay cash for my investment properties or use leverage?The next example will show the benefits of using 20% down leveraging for properties versus buying one property and paying CASH.If you pay $150,000 in cash for one property, your net cash flow is $1245.00. By putting 20% down with an 80% loan to value and a 5% interest rate, your net cash flow is reduced to $600.81. Let’s not stop there. Keep in mind that 20% down payment on a $150,000 home is only $30,000. If you bought FIVE $150,000 homes and put 20% down on each with the same loan terms and monthly rents, you could increase your return on investment by $1759.05 a month to $3004.05. Invest your money wisely.The net cash flows do not take into account the annual city, county and state property taxes and the annual hazard insurance. The numbers may vary considerately by the taxing authorities. You will have to include that information in your bottom line.Graham W. Parham has been a Mortgage Loan Officer for over 18 years with 25 yearsin sales and marketing. He is a leader of financial expertise in the North Texasresidential real estate market, developing a significant following among homebuyersand investors. Known and respected industry-wide, Graham’s production consistentlyranks him as a top producer in this market place. According to Scottsman GuideGraham ranked 92 nd in the US loan originators.Graham offers invaluable insight into a purchaser's likely requirements, providing anexceptional business ethic of customer service and respect, catering to their needs frompre-qualification to closing. He is a truly dedicated person, who strives to ensure thateach transaction is handled in a timely and stress free manner. By employing thesestandards, Graham has established a solid reputation for going the extra mile to puttogether the absolute best financing available for his clients. Graham prides himself onstaying ahead of the curve, keeping up to date with the latest products and industrytrends.As an active investor himself, Graham has a strong insight on what his investmentbuyers are looking for to accomplish their short and long term goals. Knowing thatinvestment loans strongly scrutinized, it is up Graham his team of underwriters whounderstands rental property loans versus that of an owner occupied residence. Hisgeneral knowledge of REO properties and Turnkey providers coupled with a strongoperational staff allow his loan closings to be seamless and “On Time Every Time”Highlands Residential Mortgage, LTD. is completely submerged in the real estateinvesting industry and has access to many lenders nationally. Our clients benefit fromup to date guidance on all conventional investor loan programs, and less knowncreative financing strategies. Knowing that an investment loan will be far morescrutinized, it is Graham Parham and his team of underwriters who understand a loanprocessed for a rental property versus that of an owner occupied residence.Just as you would not seek legal counsel from someone who does not have a lawdegree, nor should you trust a loan originator for your investment property loan fromsomeone that is not an investor themselves. Highlands Residential Mortgage, LTD. isan unparalleled mortgage lender whose delivery sets us apart!Graham Parham’s team mission is to consult every investor based on thoseindividualized situations and goals. Whether you are buying your first home orinvestment property, we carefully look at your options that will give you the bestopportunity for success. Because we know how important your investment financingstrategy is, our extensive research and knowledge of those programs will be broughtforward in educating you as an investor, throughout the lending process.“My goal is to continue assisting my clients for life and help them meet the ever-changing needs life throws our way!” See acast.com/privacy for privacy and opt-out information.

Article Link: Text “simple” to 314-665-1767 to download the Hui Google Drive files and the 2018 Rental Property Analyzer For a free electronic version of my bestselling book in 12+ categories text the word "ebook" to 587-317-6099. Please help the show by leaving a review: http://getpodcast.reviews/id/1118795347 Join the Hui Deal Pipeline Club! SimplePassiveCashflow.com/club Pardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math! ________Here are the Show Notes________ Erin Lowry is the author of Broke Millenial, a book about how to stop scraping by and start getting your financial life in order. She talks about how she learned about finances at a young age, how she gave up her dream school so she could live her dream life, and how living in New York inspired her to write her book, Broke Millenial. "Invest your spare change," may be a catchy line but you really can't invest your spare change to wealth. It has to be more than spare change. In the financial world, you are above nothing. Just because you have a college education doesn't mean that is your way out of financial difficulty. You also need to be prepared to take non-professional jobs or jobs that might be below you. Just like in any financial goal you have to figure out how to take a high level idea and break it down into smaller parts. Think of whatever your long term financial goals are and work backwards to break it down into something that is actually more achievable. A lot of people in their early twenties have beautiful,lofty dreams but no tangible steps on how to get themselves there. Podcasts are great sources of information. Saving is important but earning more is bigger. To earn more is a key part of building wealth. The biggest thing when it comes to feeling in control of your money is that you have to identify what you truly value. Don't allow other people to dictate where you should spend your money.

Article Link: Text “simple” to 314-665-1767 to download the Hui Google Drive files and the 2018 Rental Property Analyzer For a free electronic version of my bestselling book in 12+ categories text the word "ebook" to 587-317-6099. Please help the show by leaving a review: http://getpodcast.reviews/id/1118795347 Join the Hui Deal Pipeline Club! SimplePassiveCashflow.com/club Pardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math! ________Here are the Show Notes________ Erin Lowry is the author of Broke Millenial, a book about how to stop scraping by and start getting your financial life in order. She talks about how she learned about finances at a young age, how she gave up her dream school so she could live her dream life, and how living in New York inspired her to write her book, Broke Millenial. "Invest your spare change," may be a catchy line but you really can't invest your spare change to wealth. It has to be more than spare change. In the financial world, you are above nothing. Just because you have a college education doesn't mean that is your way out of financial difficulty. You also need to be prepared to take non-professional jobs or jobs that might be below you. Just like in any financial goal you have to figure out how to take a high-level idea and break it down into smaller parts. Think of whatever your long-term financial goals are and work backwards to break it down into something that is actually more achievable. A lot of people in their early twenties have beautiful, lofty dreams but no tangible steps on how to get themselves there. Podcasts are great sources of information. Saving is important but earning more is bigger. To earn more is a key part of building wealth. The biggest thing when it comes to feeling in control of your money is that you have to identify what you truly value. Don't allow other people to dictate where you should spend your money. See acast.com/privacy for privacy and opt-out information.

Article Link: Text “simple” to 314-665-1767 to download the Hui Google Drive files and the 2018 Rental Property Analyzer For a free electronic version of my bestselling book in 12+ categories text the word ""ebook"" to 587-317-6099. Please help the show by leaving a review: http://getpodcast.reviews/id/1118795347 Join the Hui Deal Pipeline Club! SimplePassiveCashflow.com/club Pardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math! ________Here are the Show Notes________ Estate planning Guests I have are giving insights but always hire your own person because these things require personalization I try to bring guests on and ask the questions that I think you folks would ask. I believe you need to have a basic level of knowledge before engaging with a professional For those of you who are in the Mastermind and my current investors you will hear about my Fort Knox strategy w

Article Link: Text “simple” to 314-665-1767 to download the Hui Google Drive files and the 2018 Rental Property Analyzer For a free electronic version of my bestselling book in 12+ categories text the word ""ebook"" to 587-317-6099. Please help the show by leaving a review: http://getpodcast.reviews/id/1118795347 Join the Hui Deal Pipeline Club! SimplePassiveCashflow.com/club Pardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math! ________Here are the Show Notes________ Jake and Gino have a great podcast and definaetly fit in the category as guys who are growing and doing things right Let’s work together to redirect money from the Wall-Street casinos and corrupt financial institutions…To help the endangered ‘Middle Class’ savers find safer, more profitable investments in Main Street opportunities benefiting local communities. Join Hui Deal Pipeline Club and check out the SimplePassiveCashflow.co/mission

Article Link: Text “simple” to 314-665-1767 to download the Hui Google Drive files and the 2018 Rental Property Analyzer For a free electronic version of my bestselling book in 12+ categories text the word ""ebook"" to 587-317-6099. Please help the show by leaving a review: http://getpodcast.reviews/id/1118795347 Join the Hui Deal Pipeline Club! SimplePassiveCashflow.com/club Pardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math! ________Here are the Show Notes________ Went on normal path. Got a job after college, house, and fixated on paying off student loans. Aggressively paid down student loans, but motivated by people who retired early. 5 years ago, both quit their jobs, traveling, raising family, and living their dream. Ruthlessly slashed expenses and saved 70-80% after-tax income. Max contributed to 401K, IRA, HSA, and after-tax accounts. Short-term joy = trading years of financial-free opportunity. Actively chose lifestyle.

YouTube Link: ? sub_confirmation 1 Article Link: Text “simple” to 314-665-1767 to download the Hui Google Drive files and the 2018 Rental Property Analyzer For a free electronic version of my bestselling book in 12+ categories text the word "ebook" to 587-317-6099. Please help the show by leaving a review: http://getpodcast.reviews/id/1118795347 Join the Hui Deal Pipeline Club! SimplePassiveCashflow.com/club Pardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math! ________Here are the Show Notes________ Just got back from Korea after my first vacation for the year. I wrote an article that you can get access by signing up for the monthly newsletter or via the Hui Deal Pipeline club. Monthly updates and what I’m doing in my own investing Podcasts have been piling up and I realized the need to add some context to the introductions to highlight important items to look out for. Also to call out opinions I don’t really believe in.

Article Link: Text “simple” to 314-665-1767 to download the Hui Google Drive files and the 2018 Rental Property Analyzer For a free electronic version of my bestselling book in 12+ categories text the word "ebook" to 587-317-6099. Please help the show by leaving a review: http://getpodcast.reviews/id/1118795347 Join the Hui Deal Pipeline Club! SimplePassiveCashflow.com/club Pardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math! ________Here are the Show Notes________Just got back from Korea after my first vacation for the year. I wrote an article that you can get access by signing up for the monthly newsletter or via the Hui Deal Pipeline club.Monthly updates and what I’m doing in my own investingPodcasts have been piling up and I realized the need to add some context to the introductions to highlight important items to look out for. Also to call out opinions I don’t really believe in.This podcast I had Brent Southerland what is a CFP but not one of those other quacks who get paid on commision and try to stuff you in whatever is most convenient or biggest paycheck for yourself.SimplePassiveCashflow.com/fpEnjoy and remember to go to SimplePassiveCashflow.com/club to join our investment clubBrent Sutherland is a CERTIFIED FINANCIAL PLANNER™ practitioner, with over 11 years experience in financial services. With stops in the corporate accounting and investment world, and now the boutique financial planning arena Brent has witnessed, firsthand, how the financial services industry has fashioned itself into an overly complex machine in an effort to cause confusion, encourage mistakes, and justify fees; all to better benefit its own bottom line. He believes there is a strong correlation between financial noise and financial mistakes which further delay one's personal financial success.Therefore, his objective is to help individuals turn off the noise and challenge the traditional approach to financial planning and thinking. In his experience as a financial advisor and personal finance enthusiast (+ early retirement advocate + semi-minimalist + real estate investor), Brent has found that most often the simplest solutions and some outside the box thinking will better help individuals on their way towards sitting firmly in the driver's seat of their own financial world.Why don't financial advisors advocate for real estate investing?Primary = Compensation conflicts of interestSecondary = Lack of education, so pose it as a risky assetSecondary = ERISA and how mutual funds came about with employer-sponsored 401kHow do FA make money? Similar to MLM? -- (Is this short for multi-level marketing?)Can tie this into the first topic above (compensation conflict, which is a primary reason why FA’s don’t discuss real estate investing)Hidden fees in even low got mutual funds?Transaction fees, Management fees (can be tiered based on assets), Loads (front-end, back-end), 12-b1 feesWhat tricks do FA use?Use of traditional planning items related to portfolio to justify: “security”, “diversification”Use of confusion terms related to portfolio to justify fees: “alpha”, “sharpe ratio”Use of graphics that show market returns (absent fees), but fail to discuss emotional impact on client and true returns normally witnessedThe importance of income diversification over portfolio diversificationIncome diversification protects against big risks: loss of job, market crash, injuryPortfolio diversification is important, but is a secondary risk. Savings is even more important.Why are paper assets more risky than hard assets?Always going to be demand for hard assets, especially real estate (living, production)Population trends are growing at an exponential rate, land and resources are notYou have more control over real estate; meanwhile the stock market is out of your handsWhy passive cash flow betters your odds of financial independenceGets you to the point where you’re truly secure and can have peace of mind. Not worried about your boss/job, and not worried about things going on the the world, country, state (etc) economies that are out of your control. You become the boss of your personal economy.Talk about your personal transition to direct ownership in Real estate and recovering from the lies?Seeing it work for other people, educating myself (independent of my traditional “education”), and finally making the move to buy my first property (after some analysis paralysis and fear)Proper planning techniques to access money tied up in your retirement accounts.First know the rules involved (traditional IRA/401k versus Roth IRA/401k), as you don’t want to just hand a big chunk to Uncle Sam in form of taxes and fees.Impact of cashing out plansStrategies to more efficiently free up that money and keeping more in your pocket (Roth conversions, Substantially Equal Periodic Payments (IRS Code 72t))What to look for in a FA?Want someone who is fee-only (hourly or per service) and planning focused. Someone who is focused solely on managing your money for a % fee is going to always have a biased interest in moving you towards a liquid/paper portfolio).Find someone who lines up with your values and interests. Never be afraid to interview multiple people and ask tough questions. Advisor should have conviction in what they do.Understand that a financial planner can be very valuable, as there is much more to financial planning than how you invest your money (insurance, estate, education needs all need to work in harmony with an investment plan to best meet a person’s financial goals), but imperative that that financial planner is on the same page as you.brent@ntellivest.com See acast.com/privacy for privacy and opt-out information.

YouTube Link: https://youtu.be/1N3wBAwPrfw? sub_confirmation 1 Article Link: Text “simple” to 314-665-1767 to download the Hui Google Drive files and the 2018 Rental Property Analyzer For a free electronic version of my bestselling book in 12+ categories text the word "ebook" to 587-317-6099. Please help the show by leaving a review: http://getpodcast.reviews/id/1118795347 Join the Hui Deal Pipeline Club! SimplePassiveCashflow.com/club Pardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math! ________Here are the Show Notes________Partner with Multi-family Home (MFH) students to close first MFH deals.Passive Income became attractive after reading Rich Dad, Poor Dad.Opened pizza restaurants without mentor and lost 95% of net worth after 5 years.Realize can raise money for Real Estate. Flipped 30 houses in 2 1/2 year but still active work.Received passive mailbox money for first apartment in 2011 and never turned back.Combination of doing MFH deals and teaching/helping others is fulfilling.Stop being a drifter. Drifting keeps us from living an intentional life. Ongoing experiment to scale business while not lacking quality of deal.Transition from being focused on generating money to helping people become financial-free.Do first MFH deal and reduce living expenses to quit W-2 job. Momentum will build in subsequent deals. But first deal is always hardest.At peace with things out of your control.Be sensitive to where your business is to make right investments, such as virtual assistants, salary employees, etc.Smaller apartment deals (duplex) will kick off law of first deal. Don't need $30K to do first deal. Spend on education and raise capital and/or find deals in this seller's market.Controlling time is most important resource. Don't put ladder on wrong building. Visit www.themichaelblank.com to download free ebook about raising money for MFH apartments. See acast.com/privacy for privacy and opt-out information.

"YouTube Link: ? sub_confirmation 1 Article Link: Text “simple” to 314-665-1767 to download the Hui Google Drive files and the 2018 Rental Property Analyzer For a free electronic version of my bestselling book in 12+ categories text the word ""ebook"" to 587-317-6099. Please help the show by leaving a review: http://getpodcast.reviews/id/1118795347 Join the Hui Deal Pipeline Club! SimplePassiveCashflow.com/club Pardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math! ________Here are the Show Notes________ Partner with Multi-family Home (MFH) students to close first MFH deals. Passive Income became attractive after reading Rich Dad, Poor Dad. Opened pizza restaurants without mentor and lost 95% of net worth after 5 years. Realize can raise money for Real Estate. Flipped 30 houses in 2 1/2 year but still active work. Received passive mailbox money for first apartment in 2011 and never turned back. Combination of doing MFH deals and teaching/helpi

Article Link: Text “simple” to 314-665-1767 to download the Hui Google Drive files and the 2018 Rental Property Analyzer For a free electronic version of my bestselling book in 12+ categories text the word ""ebook"" to 587-317-6099. Please help the show by leaving a review: http://getpodcast.reviews/id/1118795347 Join the Hui Deal Pipeline Club! SimplePassiveCashflow.com/club Pardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math! ________Here are the Show Notes________Own an appreciated hard asset of half-acre turnkey coffee parcel titled under your name for less than $20K. Average annual return (IRR) +10% (proforma) calculated over 20 year period. Experienced operators including David Sewell all live in Panama and professionally manage coffee farms.$90 billion industry annual that is sustainable and growing demand with limited and declining supply worldwide.ICFC founded in Panama in 2014. Own and operate 10 specialty coffee farms in Boquete area.BCC in Belize founded in 2016. 3 fine flavor cacao farms. Just like wholesaling - except tenants are tree! Buy underperforming property, add value, and get investors to be a part of it. Gain legacy income with minimum of 5-7 year investment - preferably longer to mature and ""harvest"" extra rewards. International real estate, in your own name, is not reportable under FBAR or FATCA regulations. Asset does not currently require reporting to US government.ICFC reserves 20% of farm operating profits to provide bonus pool and improve lives of impoverished coffee farmers in Panama.3 group coffee farm tours every year (March, July, and November). Visit www.simplepassivecashflow.com/coffee for more pics/videos. E-mail Lane@simplepassivecashflow.com for special pricing. See acast.com/privacy for privacy and opt-out information.