Podcast appearances and mentions of cash flow guys

In this episode, Mike and Tyler interview Richard Roop, the world's foremost expert on using artificial intelligence to supercharge your real estate investing business in 2023.  During the episode, Richard revealed several under-the-radar methods of mining the best information possible from AI.  By visiting cashflowguys.com/roop you can join his upcoming FREE mastermind where you will learn how to use AI tools in such a way that reduces your workload while streamlining your lead generation.  Need to raise money for your deals?  Looking for deals in your local market and don't know where to look or who to talk to?  Not anymore!  These tools will give you the answers you have been wanting and need to take your business to the next level.  Here at Cash Flow Guys we have been implementing AI tools to grow our database such that we can serve more people who want to invest in senior living homes.  Stay tuned for upcoming episodes where Mike and I learn from Richard and immediately implement what we learn as we participate in Richard's "Aim High" Mastermind!

Claudia Moncarz (a Tax Lawyer) is our guest this week on the Cash Flow Guys podcast to discuss her service, Tax Alarm, which provides credit alert and real estate deed monitoring. With the recent events of the IRS getting involved and the influx of PPP loans, Claudia believes that people should take preventative care to protect themselves from any potential legal issues. This can be done by signing up for Tax Alarm's services, which is almost free and provides invaluable protection. She encourages everyone to take a step and go to her website mytaxalarm.com in order to protect their financial future. Thank you Claudia for taking the time to talk about this important service. We wish our listeners the best of luck!

"Anybody that has an impact on your asset, how you deal with them, can absolutely make or break the deal." -Tyler Sheff Today I am interviewing Tyler Sheff. He is a licensed Realtor in Key West, Florida at Future Home Realty. He has over twenty years of real estate experience as a Flipper, apartment building owner, a property manager, realtor and an owner of mortgage debt instruments.  He is also the creator of Cash Flow Guys, an educational platform that teaches investors the ins and outs of real estate without the get rich quick motto. He is an investor, educator and runs the popular podcast show "Cash Flow Guys, Learn to Earn."   Tyler Sheff: Was introduced to real estate at a young age by watching his mother who was a broker, conduct real estate transactions in the seventies and eighties. He went to the Army and became a military police officer. After his tour was over he returned to the states and became a car salesman, but hated it and went into the service industry of car sales. After realizing it wasn't for him, Tyler teamed up with his mother and began his real estate journey as a flipper. Now he is a sought after real estate problem solver, educator and mentor.    TOPICS COVERED IN THE EPISODE: How did Tyler become interested in real estate What investing was like in the eighties  How Tyler began investing with his mother  Why he began house flipping  Why don't some people loan to Flippers Why flipping works until it doesn't  When a partnership goes wrong  Why you should never hire unlicensed contractors Always do the right thing  The importance of education and network  Bruce Norris  Never stop asking questions  How to navigate the Key West, FL market Find the problem and fix it  The Airbnb market and serving a different type of tenant  Key West regulations on short term rentals  Is the industry moving away from preferred returns Syndications vs funds  How culture changes create value  Facts over faith  Why you need to immerse yourself in the culture of a market  The goal should be to duplicate what you net, that is financial freedom What is a professional real estate investor    Listen now on Spotify or Apple iTunes or watch on Youtube to find out how Tyler found his Real Estate Breakthrough! The Real Estate Breakthrough Show with Christina Suter is where we talk about the reality of real estate, the mindset you need and the tips and tricks to get you moving forward in investing. Join us every week and learn everything you need to know to invest in real estate education and create real wealth for a lifetime.   Find out more about Tyler here:  Website CashFlowGuys.com Phone 305-222-7081

Join Ramsey Blankenship with his guest, Tyler Sheff, as they talk about creative ways to work with brokers. Tyler is the Chief Executive Officer at Cash Flow Guys, educating people on investing in real estate and building long-term wealth. The company treats each client as a student, giving them the necessary tools to succeed as a real estate investor from the ground up. After all, their mission is to simplify the process of buying and selling real estate. Here's a breakdown of what to expect in this episode: Transient licenses and the evolution of short-term rentals through the years The power of population control on the value of properties in a specific area How having more money is not as crucial as being able to close when bidding Why knowing your market is essential in becoming a qualified buyer nationwide The value of covering commission costs when putting a deal together And so much more! ~ About Tyler Sheff: Tyler Sheff grew up in Hamburg, New York, before settling in Tarpon Springs, Florida. Tyler has a varied professional career, from serving as a US Army Military Police soldier and a Florida Certified police officer and firefighter. He even worked as a contractor, repair technician, and boat captain for a while, contributing to his success today. Tyler often took advanced courses in real estate and investment techniques during his free time on the various NOAA Ships such as Ka'imimoana, Nancy Foster, and Okeanos Explorer. He also studied real estate law and settlement procedures in-depth, solidly equipping him to help clients with various real estate challenges and potential roadblocks. His passion for real estate and philanthropy stems from a diverse portfolio of invaluable professional experience. And in addition to teaching, Tyler actively volunteers in his community, remaining extremely involved with Habitat for Humanity and numerous other charities, including raising awareness for children with cerebral palsy. ~ You can find Tyler Sheff on . . . Website: https://tylersheff.com/ Facebook: https://www.facebook.com/tylersheff LinkedIn: https://www.linkedin.com/in/tylersheff/ YouTube: https://www.youtube.com/channel/UCfw4b9HYSuVq9hnuRDs83pg Twitter: https://twitter.com/tyler_sheff ~ Connect with Ramsey! Info Page: https://www.flowcode.com/page/ramseyblankenship Website: https://realfocus.org/gorilla-state-investing-podcast/ Investor Registration: https://realfocus.org/investors/

This week's topic:  Sale of my Multifamily Property From my last episode on Owning a Multifamily, I told you that after 9 months into ownership, I had completed the upgrades, increased the rents as much as I could.  And was in a holding pattern on the seawall repairs when I decided that since my 10% HIGH Interest only Loan was coming due, I would just sell it!  I'm always a fan of Plan B's! You learned that: Other landlords were offering free water and sewer Rents were capped at $825 per month Filling vacancies would take 3 to 4 months to fill. My expenses had increased significantly I reached out to my residential real estate agent – because keep in mind I didn't know I should have used a commercial real estate guy.  We had it pocket listed for a short stint, and I went around to many of the REIA meetings trying to find someone interested in buying this but found no takers. One day, I had been seeing where a bunch of people would get together to go play the Cashflow game.  I had always wanted to play because I had the game, but I had yet to master how to play it, so I decided to travel the hour clear over to Largo to go the play the boardgame.  Funny thing happened; I actually ran into a guy I knew from one of the REIA's.  I chatted with Mike for a few minutes, and he told me he wasn't there to play the game, but he was going to meet some guy named Tyler. Mike sat next to me, we ate our pizza, drank our water and chatted for a while.  Right about when the game was about to start, Mike got up and said, well, I got to go, I'll see you later Mechiel.  Mike went outside the building and started talking to a guy in a blue shirt.  After chatting with Mike for a few, that blue shirt walked in the room and then he sat down in the back of the room.  The two moderators came forward and said to everyone, let's go around the room, stand up, introduce yourself and tell us a little bit about you and what you're doing in real estate.  When it got to me, I said my name is Mechiel Kopaska and I'm here to learn how to play the cashflow game so that I can play it in my area, and I have an 8-unit apartment complex for sale.  The guy in the blue shirt held up his hand and said, talk to me after the game about your 8-unit apartment complex. I went on to learn how to play the game and had enough knowledge to hold a meeting in my area.  After the game was over, that blue shirt now moved to the front of the room, and he had several people around him.  I said to myself, what makes this guy so special?  Who is he?  Why are people flocking to him? Well, I started to get aggravated because it seemed like I had been waiting an hour just to get to talk to him.  When it was finally my turn, I said Hi, I'm Mechiel and you wanted to talk to me about my 8-unit apartment complex?  He said, Hi I'm Tyler. I said to myself, this is the second time I'm hearing that name.  Who is this guy?    He said, oh yeah, where is it located?  I said it's in Hudson on the water thinking that being on the water would have all this sex appeal, right?  Nope, he said, well I don't want it.  I said, how do you know you don't want it, I haven't told you anything about it?  He said, well do you pay flood insurance?  I said, yes.  He said, well I don't want it.   It was then, that even though I was getting shot down, I realized this blue shirt Tyler had criteria and I needed to know more.  I wasn't going to let him shoot me down and me curl up in a corner without understanding more of his criteria. Now I started asking more questions to the point where he finally says, how about this, why don't you go to Cashflowguys.com/AskTyler, get on my calendar for a free consultation?  I said, Ok.  I'll do that. I went right home and booked my appointment.  After doing so, I started reading about this dude and I started asking my friends if they knew him.  Turns out he's the Cashflow Guy – as in one of the top 5 Podcasters on Real Estate just under Bigger Pockets, yeah that guy!  He's a seasoned residential and commercial agent on steroids.  He's sought after because of all the knowledge and creative deal structuring he's done, and he loves Multifamily.  This explained why my friend Mike was interested in him.  I know Mike was about to invest in multi-family so I'm sure he was seeking Tyler's advice.  Who knew this guy was in my back yard! I showed up prepared with all documentation in my sight and within a click to finding anything I may need for this call.  Initially, Tyler asked me a series of questions and I followed up with answers and then I just started spewing out everything I knew about this property, what I done to it, what my plan was and how I tackled my plan and how now I ultimately wanted to sell it.  After several minutes, he says, my wife and I will be in that area on Friday, do you have time to meet with us at the property?  I thought to myself, I guess, I must have done a good job selling this if he now wants to meet me onsite.  YAY!  Yes, I'll meet you on Friday.  He said we'll take a short tour of the property and then we'll go to a local restaurant and talk more in detail.  Sound good?  I said, yes, that works for me! The date and time were set! We did just as Tyler suggested, toured the building and a looked at a couple of the units and then we went to a restaurant where we sat for the next three hours discussing this property! He told me that he and his wife did invest in multi-family and were fairly sure they didn't want to invest in this one simply because they bought property that required little or no repairs and then there was the cost of the flood insurance.  I was a bit disappointed but then he said, I'm confident I can sell it for you where you would make a significant profit and I'll also tell you right up front that I charge more than most when I take on listings.  Why?  Because I'm great at what I do and what I offer far exceeds what other agents will do or can do for you. What set him apart from other agents was his marketing strategy.  I don't think I'm at liberty to tell you what his strategy is, but I'll just say it clearly intrigued me. I knew the day I met the guy in the blue shirt he was a very confident guy and after learning more about his background, I believed him!  He was also a man of ethics and morals.  We struct the deal with a handshake and the next day he said I'll be in touch with next steps, but the first step was for me to fill out a complete and full disclosure of everything I knew about the property and NOT to leave anything out! He made me get another Structural engineering drawing so that could be delivered to any potential buyer.  He had his photographer come and take still pictures as well as drone pictures and within days the property went on the market for the value, he quoted me. The only time I ever heard from Tyler was when he had a question that he could not answer.  I know for a fact that there were A LOT of moving parts going on behind the scenes, from qualifying buyers, validating buyers, multiple offers – none of which I was previa too.    He made his job seem seamless to me and then less than 1 month – we had a full price offer!  Yes, I said full price offer with a qualified buyer! 1 month later this property sold for top dollar, and I had made a HUGE profit. That's the short story – but behind each of these steps, I bet his team encountered over 20 points of failure that at any point this thing could have fallen apart, right up to the closing table. Why didn't it?  Because I hired a well-tuned, fine oiled machine that kept their eye on the finish line and delivered the expected results. I never once knew any of the negative stuff behind the scenes and I know it was there, but it was not necessary for me to be impacted by something I had hired a team to do. I heard an occasional rumbling – but it was always solutioned before it hit my ears. As the old saying goes, you get what you pay for!  I paid for excellence, and I got it! If anyone has a multifamily property for sale, I come with experience and a great team!  I'm looking for my next challenge!   If that sounds like you and you need help, reach out to me at fearlessinnovator.com/contact. Thank you for listening, I hope you were inspired, entertained or you learned something new! You can get a free copy of my book Why my J.O.B. Quit Me, jumpstart Your Firing, go to fearlessinnovator.com/freebook..    

One of the promises that I made at the beginning of the year was that we would talk a lot of real estate. I get a number of people that reach out to me from time-to-time and many I don't bring onto this show. However, a select few do make it. So far this year, we've had on Peter Kim, Damion Lupo, Cory Fawcett, Mark Podolsky, and Larry Harbolt- some physicians and some not to edumacate us on real estate and their experiences. Our next guest is a fellow podcaster. He is a US Army Gulf War Era Veteran, originally earned his Florida real estate license back in year 2000, he also owned and operated a trucking business, worked as a local Police Officer, Charter Captain and Chief Boatswain aboard a US government research ship. In October 2014, he jumped into helping others learn about real estate investing and share his glorious successes and smashing failures. Please help me welcome Tyler Sheff of The Cash Flow Guys podcast. In this podcast you will: Discover why Tyler left a 6 figure job to persue real estate in 2012 Receive the biggest tip Tyler received when it comes to closing a real estate deal (HINT: you will be suprised how easy it is) Collect tips in ways to reduce your taxes with real estate Gain Tyler's insight on financial freedom and how he feels he has or has not gotten there yet... Acquire Tyler's equation for maintaining a positive cash flow on any rental property For all the show notes, transcription and more, check out the podcast website at http://doctorfreedompodcast.com/

Finding problems instead of properties is a new way of thinking about this business.  My guest today is the host of the “Cash Flow Guys” podcast, Tyler Sheff, and he's going to challenge your way of thinking about real estate investing. His philosophy is finding and solving problems will make you wealthy in real estate investing, and I couldn't agree more. Show Notes Here is just some of what you will find in this show: How Tyler got started; his unusual path to becoming a real estate investor Marketing: Where most of Tyler's leads come from today (it's not where you think) Why Tyler chose multifamily investing over single-family properties The reason he invests in “C” level neighborhoods when most investors avoid those areas How to maximize your cash flow and your profitability as a landlord Building a team Building wealth with your Roth IRA And much more!   Here's Another Show for You Featuring Tyler Sheff Achieving Financial Freedom in 11 Months with Tyler Sheff.  JUST CLICK HERE to listen.       .

Many agents feel apprehensive about getting into the investing side of real estate, and the current competitiveness in the market doesn't help those hesitations.    However, for those who are willing to leap, investing could be the thing that takes their business to the next level.   How does an agent make the shift to an investor? Can we use the investment side of things to bolster our existing real estate businesses?   How do we even begin to identify great deals when we're new to the investing space?    In this episode, I’m joined by the host of the Agent Investor Podcast and co-founder of Ocean City Development, Tom Cafarella. We discuss how agents can maximize their results with real estate investing. "The great news for agents saying they're not investors is, you don't need to be. Team up! There are so many people out there with cash, and it won't take much time to find investors." -Tom Cafarella     Three Things You’ll Learn In This Episode     What to do if we don't feel comfortable investing Not everyone feels comfortable investing, so don't be afraid to team up. A simple Facebook post can be all it takes to connect with potential partners.     How investing allows us to maximize every opportunity Often, agents will go into a property, assess that it needs a lot of work to go to market, and that marks the end of the road, but it doesn't have to be.   Why investing is a great fallback option for every agent Most of the time, sellers prefer listing their properties to taking a cash deal, but there is a small percentage who won't. How can you create a service offering that meets the needs of those sellers?  Guest Bio-    Tom Cafarella is an entrepreneur, real estate investor, speaker, and coach. As founder of Ocean City Development, Tom and his team have purchased hundreds of homes. As the founder/broker of Cameron Real Estate Group, Tom also leads a team of 200+ agents serving homeowners and buyers all over greater Boston and Massachusetts.   Host of the Agent Investor Podcast, Tom has also been featured on industry podcasts such as Real Estate Investing Secrets, Level Up with Greg Harrelson, Team Building Podcast with Jeff Cohn, Investing in Real Estate with Clayton Morris, Deal Farm, Real Estate Locker Room, Cash Flow Guys and many more.   To find out more, go to: https://www.cameronrealestategroup.com/tom-cafarella/  http://www.tomcafarella.com/  https://www.linkedin.com/in/tom-cafarella-oceancitydevelopment-110835a9/  https://m.youtube.com/channel/UCBaMfwcNTLed8O5XtpRVtfQ https://m.facebook.com/tommy.cafarella  https://agentinvestor.podbean.com/

This episode was born from a listener question in regard to what sort of questions should you ask when speaking with a seller.  For me, this was a struggle in the beginning because I didn’t have any points of reference to keep me on track.   Many years in sales taught me to avoid scripts if at all possible so I could better craft the meeting into a more conversational style.  I did not want to risk sounding like a robot, instead, I wanted to build rapport and ease into the conversation so that I could learn what I needed about the seller and their pain points without sounding like a lawyer in a cross-examination. As a result of learning to get better at talking with sellers, I created my property information form.  I looked at tons of examples I found on the internet and took bits and pieces from each one in order to craft one that best fit my needs.  In fact, I still use the form to this day in each and every Seller encounter.   To obtain a free copy of the form visit my website at CashFlowGuys.com and click on the resources tab for the download link.

In this episode of the podcast, I explore the specific criteria that make for a motivated seller lead.  Too often we waste time, effort, and money marketing to unmotivated sellers who are not interested in selling to us. Instead, when compiling a list of people to market to, deep dive into the available criteria to come up with a formula that will lead you to discover motivated sellers. As you might imagine, motivated sellers are more receptive to selling at a discount and also are far more likely to seriously consider creative acquisition solutions. Something as simple as choosing to market to vacant properties instead of occupied ones can make all the difference in the outcome of your marketing campaign. I also announce the names of the two winners of the one-year free subscription to Propstream.  Don’t miss this episode there is lots of value.  If you want to sign up for a 7-day free trial to get motivated seller leads, go to CashFlowGuys.com/Data

Meanwhile, while many people are spending countless hours lamenting over which catchy LLC Name, Logo style, and color they should choose for their real estate company, I have been busy building my business. How you might ask? By finding motivated sellers and marketing to those sellers right under the noses of any Realtor or Investor competition I might think I had. Here is how my day went...wakeup at 0630, make a cup of coffee, and get outside on the porch to experience the rising sun and calm surroundings.  I read the Wall Street Journal so that I can stay up to date on what’s happening in the world as it relates to financial markets and the psychology of the consumer. After all, while many people try to lie to themselves about how they are “not a salesman”, I wear that title as a badge of honor.  I am also a savage marketer...embracing it is what made me wealthy beyond my wildest imagination and what allowed me to retire to the paradise of the Florida Keys.  And for that, I make no apology. For me to earn any money at all, I first need to find problems to solve...that meant I needed to find two things, motivated sellers and money to invest with. Finding money to invest wound up being much simpler than I originally thought it would be.  So simple I made a crash course on the topic to show you how to raise all the money you need the easy way, without a big song and dance.  You can grab that course for a whopping $47.00 investment at PrivateMoneyCrashCourse. See what I did there?  I make no apology...if you want to watch the sunrise in paradise, spend the $47.00, do the work, and move in next door. Back to my day…. At 10 am I figured I would be productive since my fishing reels won’t be ready at the repair shop until 1pm.  I decided to put together a list of motivated sellers to market my services to.  As a Realtor, I can either buy their property myself or help them sell it...either way, I make money and get to help them solve their problem. So...I pull a list in my local zip code of pre-foreclosure properties.  I click list Automator so that if any of these sellers work out their financial situation and are able to escape foreclosure I don’t waste their time or my money marketing to them.  Notice I did not mention the waste of my time?  That’s because finding them took me less than five minutes. I then skip trace them within my system (learn more at cashflowguys.com/data where you can get a free trial and possibly win a whole year of the service for free). Now that they are skip traced I have the seller’s mailing info and name, a phone number, and an email address to work with. Next, I invest 15 minutes in creating a landing page for sellers who choose to go online to communicate with me. Now I go over to the campaign section, find a “done for me” postcard from the list of options and send it to 747 contacts in my database.  This part took 12 minutes. It’s now 10:27 am and I am literally marketing myself to 747 people as often as I want for less than the cost of a dinner for two. If I want to go crazy and hit them by direct mail, email, AND phone?  I can record a one-time voicemail in Propstream and send it off instantly to all 747 people for less than I will spend buying lunch today. This all begins as CashFlowGuys.com/Data what are you waiting for?

Make no mistake, it's a brave new world, new situations come with new consequences.   Understand this….Buyers / Sellers / Realtors / Wholesalers / Flippers CAN be sued related to Covid cases impacting those they do business with.   There is no catch-all set of laws covering Covid and possible litigation that can come from it, each jurisdiction will be different (so far as we know right now).  There is so much unknown it is becoming ever important to start looking at ways to protect yourself from possible liability.   Remember, even though you might likely win your case, you will still end up wasting thousands of dollars and too much time defending yourself from such a lawsuit.   To begin,  let's talk about disclosure…Article 2 of the NAR Code of ethics addresses agents making proper disclosures…if you are an agent, might want to familiarize yourself with this again...what if a seller has or had covid? Do you need to disclose that? could you be sued for not disclosing that? Maybe…is the easy answer   What about privacy laws, would you be violating any privacy laws protecting the infected person and therefore subject to lawsuit?  I discuss a few different scenarios in this week’s episode that you need to consider and then hopefully take the steps to protect yourself and your business from such hassles.   I am doing my first FREE GIVEAWAY, yes, that’s right, I am giving away an entire year of access to Propstream’s nationwide MLS and Public Records software to two lucky listeners.  Here’s how you can enter to win...   First, type in Cashflowguys.com/data in any web browser and sign up for a 7 day free trial, next,  email me at info@cashflowguys.com telling me why you feel you should win a free YEAR of access to Propstream $1200 value and how you will use the product to change your life.     I will pick two luck winners from the list on the first episode that airs after December 31st so don’t delay getting signed up.

Recently, America was dragged through one of the most important yet volatile elections in history.   Never before has our country been more divided. One thing that we can all be sure of is that we will certainly see lots of change over the next four years.  Some will despise the change, others will embrace it. Here’s what really matters...Your future success depends on your ability to make lemonade out of lemons. Yes, we will see radical socialist agendas being pushed down the aisle and likely made into laws that favor tenants over landlords.  The good news is that it takes time to pass new laws which will allow you (the landlord) to prepare for compliance or allow you to sell and buy somewhere else. Eviction moratoriums will likely be extended, if this impacts you, learn the law because you might be surprised to hear that there are exceptions to this ruling.  If you have non paying tenants, go talk with them, and discuss solutions.   Our country will likely continue to see record unemployment as both small businesses and big businesses continue to fail.  Maybe now is a good time to get better focused on the steps you need to take to get out of that job once and for all. As for being divided, focus on building bridges and mending fences with your political rivals.  Americas being divided was intentional by the system, they want us divided, lets show them we choose to take the high road instead and come together. Federal stimulus money seems to have dried up due to back and forth fighting between the republicans and democrats, when or if it will arrive is unknown.  If you refocus your energy on lead generation you won’t need any stimulus. I know you might be thinking that lead generation is the farthest thing from your mind right not.  I’m here to tell you that there are people all over the place that are far worse off than you might be right now, and you can help them while making money at the same time. In order to help anyone, you need to discover the problem properties in your community.  I have been using a new to me technology tool to accomplish just that.  With this tool, you will have both MLS and Public records data at your fingertips. Go to CashFlowGuys.com/data to get a 7-day free trial. You will be able to find pre-foreclosures, cash buyers, expired listings while having nationwide access to property records.  This software will help you work up rehab costs, find comps, and complete a market analysis without needing a realtor.  If you are a Realtor, this tool blows the MLS out of the water.

Tyler Sheff has done several creative real estate deals, currently and in the past. Tyler is a podcaster and a multifamily syndicator. He enjoys focusing on low income housing in Memphis TN... He raises private capital, pays 100% cash, repositions the asset, then he gets long term financing on the asset and returns the investor's capital. Another creative way Tyler is using now is purchasing NONPERFORMING NOTES of multifamily assets... to "go in the back door". Finaly, we discuss a creative deal he did was his personal residence he bought it for 200K, and walked away from closing with a check in his hand. Today his personal residence has 1) doubled in value and 2) making you a passive 5K a month. Tyler Tyler Sheff's Bio: Tyler Sheff currently serves as the Chief Executive Officer (CEO) at cashflowguys.com, a company which aims to educate their clientele in investing in real estate and building long-term wealth. Tyler is an investor, a syndicator, and a long term, licensed, Real Estate Broker. The Cash Flow Guys treat each client as a student, giving them the necessary tools needed to succeed as a real estate investor from the ground up. The Cash Flow Guys have one goal – to simplify the process of buying and selling real estate. Coupling his active involvement in real estate investments with his proven negotiation skills makes Sheff a valuable asset to any client. Originally from Buffalo, New York, Tyler Sheff grew up in Hamburg, NY before settling in Tarpon Springs, Florida. Also, please go to iTunes, right now, and leave us a positive rating! Links Discussed Meetup.com/ColoradoBrokersAssociation Please go to iTunes to leave us a rating and write a review. Each review helps us reach a larger audience with your episode (Creative Real Estate Podcast)  

Want to avoid mistakes in Long Distance Investing?  Download your FREE document at http://billykeels.com/7mistakestoavoid   Episode 1: How to Achieve Financial Freedom Through Real Estate Investing   In the conversation with today’s guest, TYLER SHEFF, you’ll learn the following:   [03:31 - 06:15] Who Tyler is, and his life journey towards the successful position he is in now.  [06:36 - 11:18] The differences between Cash-Flow investing and House-Flipping. and how Tyler sees Cash-Flow through Buy and Hold as the better choice in terms of how it allows a lifestyle with more time and freedom, less financial risk, and less tax to pay.  [12:05 - 15:30] What busy European professionals can achieve from US real estate investing: Removing the risks of speculation, focusing on more dependable cash flow, and earning money every single month!  [15:42-18:50] The biggest issue that needs to be understood and worked on in order to have a confident start in real estate investing.  [19:19 - 23:02] What ‘Notes’ are, and how they can become an important part of your investor identity  [23:19 -25:47] The mission and backstory behind Tyler’s website and Podcast, Cash Flow Guys.  [26:34 - 30:36] What Tyler’s biggest mistake was, and how it has helped strengthen his character and improved his Company. Main take home: Watch out for and dont ignore any red flags, and make sure all the numbers are definitely correct!    Here’s what Tyler shared with us during today’s conversation:   He lives in Tarpon Springs, Florida Tyler’s top recommendation for learning about cash flow, the CashFlow 101 Board Game. [32:57 -35:18] Book recommendation: Equity Happens, by Robert Helms and Russel Gray   Be sure to reach out and connect with Tyler Sheff by using the info below:   www.cashflowguys.com Social media handle: @cashflowguys   Start taking action TODAY so that you can gain more Education and Control over your financial life.   To see the Video Version of today’s conversation just CLICK HERE.   Do you want to have more control and avoid the mistakes that I made getting started in long distance investing?  Then you can DOWNLOAD the 7 Mistakes to Avoid in Long Distance Investing Guide by clicking HERE.   Be sure to connect with Billy!  He’s made it easy for you to do…Just go to any of these sites:   Website: www.billykeels.com Youtube: billykeels Facebook: Billy Keels Fan Page Instagram: @billykeels Twitter: @billykeels LinkedIn: Billy Keels

What is your escape number?  What I mean is... what number will it take for you to be financially free.  For me, that means that you have enough coming in from non-employment income consistently to cover your monthly living expenses.  Everyone seems to think its $10k a month...that’s what most people tell me.  I am willing to bet your number is lower than you might think.  When Jill and I set a goal to escape the rat race, our number was $4000 a month.  It would take that amount every month to cover our expenses.    We were able to accomplish that with one small deal.  As we continued to do more deals, the profits from those deals became the insurance we needed to quit our jobs...forever.  Even when I flipped properties or put on my Realtor hat and made a commission, I would divide my payday by 12 to see how it impacted my monthly income.  As I pushed forth and did more deals, we started dividing by 24, then 36 and later 48 months.  We also saved up 2 years of expenses over and above that so we could sleep well at night.  Let’s keep in mind I am not asking you to downgrade your lifestyle, nor am I asking you to suffer in any way.  Instead, I am suggesting you add up your monthly living expenses and take a hard look at the expense column.  If you are anything like me, you will most likely see more going out than you are comfortable with.  The good news is that a few slight changes to that expense column can make giant strides towards becoming financially independent. When (not if) you find expenses that you simply don’t feel are necessary, eliminate them!  Lots of people think that financial freedom means you must be a millionaire, that’s simply not true.  It’s not about piles of cash, it’s about streams of cash and more importantly, how long those streams will last as referenced above.  I’d like you to figure out what your escape number is, if you have trouble, book a time slot with me and let me help you sort that out so you can get on the track to financial freedom.  You can do that by visiting CashFlowGuys.com/asktyler 

In this week’s episode, I am changing things up a bit by doing something we have never done before.  I will be sharing (with permission) a chapter from Russell Brunson’s new book Traffic Secrets. You can pickup a free copy (just pay shipping) here: CashFlowGuys.com/TrafficSecrets What do I mean by traffic?  Traffic means driving people’s attention to your sales funnel so that you can offer them your product or service.  You might be thinking, Dude, I don’t need a sales funnel, I am a real estate investor.  I’d have to disagree with you.  In fact, without a sales funnel the failure rate for a real estate investor is quite high! Why would I say that?  Time is why.  Here’s the thing, our time is limited, we are all busy doing as much as we can to find capital and deals right?  Sometimes we are focused on funding, other times we are trying to find properties to buy, flip, or wholesale all while burning the candle at both ends. By building a sales funnel, we can harness the power of digital marketing to attract qualified leads to our real estate business so that we can educate them on the services we offer and the value we provide to the marketplace. An example of the value we provide would be when you help someone learn how to avoid being ripped off in the Wall Street casino by opening a Self Directed IRA.  When someone who lost money in stocks learns that they have the ability to self direct their retirement a light becomes visible at the end of that retirement tunnel.  The person you help then feels compelled to choose you as the person to invest their money in because you have already provided them valuable information. Another example of providing value would be to teach a homeowner what they need to know to sell their house themselves and therefore avoid paying a real estate commission.  You can even go so far as to provide them free resources to help them be successful, you will find that the majority of people would just rather take the easy road and sell their home to you or have you find a buyer for them. As Russell Brunson says, people are either moving away from pain or towards pleasure.  It’s our job to identify what our future customers are more focused on and what pain they are experiencing and what pleasure they seek.

This week I want to talk to you about what will most likely prove to be the most important topic of this year…. Let’s talk about you retiring someday...or not. This means we need to learn a little bit about Social Security and how the system works.  First, Social Security payments come mostly from two primary “trust funds”.  One is called the OASI which stands for Old Age and Survivors Insurance, the other is referred to as “DI” which stands for Disability Insurance.   According to a recent press release provided by the Social Security Administration on April 22nd 2020, both funds will be out of cash in the year 2035. That’s less than 15 years away...which basically means you will NOT be able to retire off social security at ANY age. But Wait...there’s MORE! In the 2020 Annual Report to Congress, the Social Security Fund Trustees announced: The asset reserves of the combined Trust Funds increased by $2.5 billion in 2019 to a total of $2.897 trillion. (that’s good) The total annual cost of the program is projected to exceed total annual income, for the first time since 1982, in 2021, and remain higher throughout the 75-year projection period. As a result, asset reserves are expected to decline during 2021. (that’s bad) Social Security’s cost has exceeded its non-interest income since 2010. (also bad) The year when the combined trust fund reserves are projected to become depleted if Congress does not act before then, is 2035 – the same as last year’s projection. At that time, there would be sufficient income coming in to pay 79 percent of scheduled benefits. Do you trust Congress to “act”? Before you answer that...consider this.... “The projections in this year’s report do not reflect the potential effects of the COVID-19 pandemic on the Social Security program. Given the uncertainty associated with these impacts, the Trustees believe it is not possible to adjust estimates accurately at this time,” said Andrew Saul, Commissioner of Social Security. “The duration and severity of the pandemic will affect the estimates presented in this year’s report and the financial status of the program, particularly in the short term.” Whoa...how about that for a wakeup call.  Now let’s dive into the numbers: Total income, including interest, to the combined OASI and DI Trust Funds, amounted to $1.062 trillion in 2019. Total expenditures from the combined OASI and DI Trust Funds amounted to $1.059 trillion in 2019. Social Security paid benefits of $1.048 trillion in the calendar year 2019. There were about 64 million beneficiaries at the end of the calendar year During 2019, an estimated 178 million people had earnings covered by Social Security and paid payroll taxes The projected actuarial deficit over the 75-year long-range period is 3.21 percent of taxable payroll – higher than the 2.78 percent projected in last year’s report. So remind me again why working as a wage slave for the rest of your life is a solid plan? Who is going to pay you so that you can retire?  Clearly it’s not the Federal Government, heck they admit that themselves in this report. In learning how to write direct response sales copy, some teach to say “it’s not your fault” to win hearts and minds...but I am not here to sell you trinkets, instead I am here to help you to become financially free so that I won’t have to support you later in life. If you are hearing the sound of my voice and think that your government or some stranger on Wall Street or even worse, some slimy insurance agent pitching a “be your own bank” scam is going to allow you to retire it will be your fault that you will work until you die. You must stop messing around hoping someone else will give you money because you “worked for it” in a job for 40 years… Those of us under 60 must build streams of income today in order to SURVIVE.  You cannot live off credit cards and debt, eventually, it will swallow you alive. It’s time to take affirmative action towards protecting yourself from financial ruin.  If you need someone to talk to, book a call with me at CashFlowGuys.com/AskTyler If you are tired of accepting what is happening around as the “New Normal” and missing out on an opportunity that is right in front of you, please visit MailboxMoneyCourse.com and take immediate action towards charting a new course.

Below is a link for you to get access to the stimulus package documentation on the Congress website. After getting caught in the Google Black Hole myself I figured this way was easier. That link is: CashFlowGuys.com/Bailout I'm sure you have noticed the misinformation out there about what is going on in the world right now. For Pandemic guidance, follow the World Health Organization and CDC. For many Americans there are lots of benefits available from the stimulus package.  I’d suggest you read the table of contents to see what may apply to your situation. Although we are in troubled times, I ask that you avoid taking on debt during this crisis unless it is necessary. Many of the options offered by the SBA are forgivable yet certain conditions apply.  Be sure to read those sections of the bill to be sure the terms are crystal clear to you. There are better ways to put cash in your pocket besides borrowing money from credit cards and such. (Think eBay) Before borrowing money, research what grants may be available to you at SBA.gov

In this episode, I track down my good friend Chris Krimitsos to discuss his groundbreaking book “Start Ugly” which you can find at CashFlowGuys.com/StartUgly This episode is quite different from any other episode I have done before, because... I “started ugly” as Chris likes to say.  Starting ugly for this episode all began with a phone call, with no expectation of an answer or any idea of the conversation about to happen. For me...starting ugly is about not putting much thought at all into the limiting belief of “what if I fail?  Instead, I have learned to think more about “what if I succeed?” The book is a parable about allowing yourself to take imperfect action in order to overcome the many roadblocks we face in getting started on a new idea. Today, my idea was to call Chris (without him knowing in advance) and begin to interview him about his book and to discuss his event multimedia conference called Podfest.  Lucky for me he answered the phone! But...what if he hadn’t answered the phone?  I mean heck... I was already recording...Would I have looked stupid to my listeners?  Perhaps they might think I was a little crazy for recording all that but life would have gone on anyway.  What about you?  Are you willing to start ugly?  Are you willing to pick up the phone and call a seller whom you have never spoken to before?  I sure wasn’t, but once I realized that the sellers wouldn’t bite it started to become a little less taxing on me. I also used to worry about looking or sounding stupid, and now I realize that most folks are too distracted to notice whatever I did to look stupid in the first place.  Listen in to this episode for lots of solid gold nuggets that Chris gives us in this interview. Fun Fact: It was Chris and his community at Podfest that is the reason the Cash Flow Guys podcast became reality.  I was slated to attend a Real Estate cruise when Chris invited me to his special event and pretty much insisted that I attend.  It was that invitation that changed my life forever. To learn more about Podfest, and grab your ticket while supplies last, go to PodfestExpo.com today  

Any idea what the seller will do with the proceeds of the sale?  This question I guarantee that 99.999% of buyers never ask.  Why? Because if you are the type of person who is always trying to predict what will happen next it can be terrifying to ask. In this episode, I give you many reasons and methods of how to ask this question in ways that make it easy for the seller to answer.  Knowing what the seller’s plans are for their equity once a property is sold can mean a simple negotiation that results in seller financing or a lower cash offer if they need cash fast. Be careful assuming what a seller needs and wants, doing so will almost always result in you giving away more than you have to.  Instead, when the time is right, ASK this question and then use the answer to craft a great deal that will be easy for the seller to agree with. When you learn to use the seller’s answer to show them the opportunity for benefits from selling to you that no one else discussed with them you separate yourself from the herd in regard to your negotiations.  The seller believes you care about them and their problem which is demonstrated by you taking the time to learn more about their situation instead of just making lowball cash offers like everyone else. Remember this, most investors are sheep, by that I mean they follow the crowd and do and say what everyone else does.  If you are part of that flock you will waste a bunch of time being led around the prairie while the savvy investors are off in the corner making deals happen. Need more leads to practice on?  Head on over to CashFlowGuys.com/OFA to take the 30-day challenge and learn how to source more leads than you will ever need.        

Ok, I’ll be the first to admit when I am wrong, and THIS Time I was wrong, I am speaking about direct mail.  The reason I have not been a huge fan of this method of marketing is that it’s generally the least effective form of marketing I see.  Although it does work to some degree, the “acceptable” engagement rates are lackluster at best. Word on the street is that an acceptable response rate on direct mail is around 2% which for me is simply unacceptable. If you have been paying attention, you have heard me say that I am studying the art of writing sales copy from people like Jim Edwards, Gary Halbert, Dan Kennedy, Eugene Schwartz to name a few.  This week I just finished Dan’s book called “The Ultimate Sales Letter” when I had an epiphany I felt I needed to share with you. I discuss this in greater detail during the episode so be sure to listen in to grab those nuggets and put them to use immediately.  After all, how many “We Buy Houses” letters or postcards are you willing to pay for? PS: A GREAT way to start learning is to grab a free copy of Jim Edwards new copybook at CashFlowGuys.com/CopyBook

  Managing your cash flow is very important in real estate investing. You need to know how to maintain streams of capital to buy good properties, offset debts, and make sure that your business stays afloat. There are many different strategies that you can employ to help you achieve your goals, but the question is – which one should to use? Which one is truly effective? The reality is that there is no silver bullet. There is no miracle solution that is everything you need to succeed. The right strategies for maintaining your cash flow and building wealth is a combination of strategies that cater to you and your business. You will make mistakes along the way as you find your own secret formula for success, but the most important thing is to learn from these mistakes. Income Property Expert, Tyler Sheff, admits that he had made a lot of mistakes when he was starting out. These mistakes kept him from having a successful real estate investing business and forced him to leave to find a regular job after the Housing Crash of 2008. Today, he manages a successful real estate business and he has founded Cash Flow Guys, an institution that focuses on educating people on how they can make a good start in real estate investing. In today's episode, Tyler shares how he finds investors, closes deals and manage his cash flow. He also shares some good insights on the Buy and Hold strategy and how he invests using 100% private capital. “You're not going to raise private capital off of a list." - Tyler Sheff On today's episode of Flip Talk: Tyler shares his real journey and what he learned from the housing crash of 2008. He explains why he has stopped flipping properties and how he manages his real estate deals with purely private money or capital. He shares his tried and tested methods to find private money investors. Tyler explains the importance of building a team and setting up the right systems to grow your business. He shares what he feels are the advantages of being a licensed real estate agent when closing real estate investment deals. Tyler's Advice for Starting Real Estate Investors Think bigger than when you began. Resources Mentioned: Secrets of Successful Syndication Free Live Q&A with Tyler Sheff Connect with Tyler Sheff: Tyler Sheff – Personal Website Tyler Sheff on Facebook Tyler Sheff on Twitter Tyler Sheff on Google+ Tyler Sheff on LinkedIn Tyler Sheff – Entrepreneurship Tyler Sheff – Real Estate Cash Flow Guys Cash Flow Guys on Twitter Cash Flow Guys on Facebook Cash Flow Guys on Google+ Cash Flow Guys on Instagram Email: info@cashflowguys.com Interact with Don and the Flip Talk Community Can't wait for Wednesday for another new episode of the Flip Talk podcast? Join Don and the rest of the Flip Talk community in our exclusive Facebook group to learn more about what you need to be doing to build your real estate investing business. Catch Don in one of his Facebook Live Q&As and gain more knowledge from interacting with your peers in this one-of-a-kind group.   Be continuously updated about the ins and outs of real estate investing by subscribing to the Flip Talk podcast on iTunes, following the Flip Talk Facebook page, or browsing through our resources in our newly improved website.

Everyone wants to get deals and raise money, however, I am of the belief that few are willing to innovate in order to accomplish that.  By innovate I mean to take specific steps to stand out from the rest in your market.  We are surrounded by marketing messages everywhere we look, as the saying goes...Innovate or Die! In this episode, we will discuss the real estate investor’s biggest waste of money. “We Buy Houses” is dead..we ruined it by overusing it matching with a sketchy reputation of those who do use it.  To many sellers it says “I am about to get lowballed” or maybe those “We Buy Houses People Are Sketchy”, either way, its no longer a worthwhile message to put out to the universe. Building relationships is the key to get to the closing table and beyond.  To effectively build relationships, know, like and trust are the ingredients.  To build relationships we have to overcome any opportunity for a negative assessment of what we are offering and the simplest way to accomplish that is to avoid those situations in the first place by modifying your marketing message. Untargeted marketing is a colossal waste of money and time.. In fact..it’s the #1 money waster for real estate investors. If you use the same copy like everyone else, the same subject lines and titles, the same descriptions of what you offer, how can you expect to be any more successful than the next investor? When I was learning how to build funnels and market myself effectively I invested very little time in my titles or subject lines and most of my time in the body of what I was writing. I couldn’t figure out why my copy did not covert well. I had no title, no subject line, nothing to grab the reader’s attention. What if, instead of “We Buy Houses” you used “How To Find A Good Buyer Fast In As Little As One Week” or “How To Find A Qualified Home Buyer Today” Then give them a place to go to get that information in exchange for their contact information. In this episode, I give specific examples of better sales copy you can use to convert motivated seller leads and find financial friends to raise private money from.  Much of what I have learned came from reading my new favorite book (link below), you can get a free copy if you pay a couple of bucks for shipping by using my affiliate link at CashFlowGuys.com/CopySecrets    

In this week’s episode I respond to another listener question who had previously booked time on my calendar.  Here is what he said: (edited for privacy) Hi Tyler - We spoke a couple of months ago. I have some units in TX that aren't cash flowing that well and I have a 4plex in Ohio that wasn't going well. I wanted to let you know that your talk really helped - I have turned around the Ohio property - new tenants and will start cash flowing this month. I am also set to close on 7 more units in the area - this is a deal I created - talking the owner down from 280k to 205k and I can push some rents as well. I continue to struggle with the Texas properties. I looked into commercial loans from a few institutions and they all told me I am too small (about 1.1 million in total loans). I can't add storage units to 2 of the properties due to lack of space. On the bright side, it looks like my units are worth about 30% more than when I purchased them between 3 and 12 months ago. Pushing the rents is the only way I'll make cash flow - I've pushed the rents up 15% in a year and I project another 10% in the next 12 months. I won’t give away all the goodies that I spelled out in the episode but I will say that there is almost always a way to make a deal better for you in regards to cash flow.  Think about how you can add value to the tenant and make a better experience for them.  Understand that if you provide the value they seek, you can monetize these things and improve your cash flow accordingly.  The rest of the details can be learned by taking a listen to the episode. Need help getting unstuck?  Go to CashFlowGuys.com/BookTyler to schedule a call with me to help you grow as an investor or get unstuck.    

On this episode of Tech Guys Who Invest, Tyler Sheff from Cash Flow Guys shares so much valuable advice, it’s hard to break it all down in this description! Tyler starts by explaining why he focuses on cash flow and then covers everything from arbitrage and negotiation, to why it doesn’t matter that we’re at the top of a cycle. Tyler shares wisdom that comes with years of experience in all aspects of real estate.  We think you'll love this episode as much as we do! It's $$$! 

During this week’s episode I answer questions sent in by Lashonne from NYC.  She asked:   Hi Tyler, “I love listening to your podcast while I’m at work. I’m a newbie looking for advice on my first deal. I know that I want it to be a multi family and due to my location (NYC) it would have to be out of state for economic reasons. So, I’m currently looking into NJ. I know it has some of the nations highest taxes, but cash on cash return outweighs that concern.” My Response: I partially disagree, I believe that if your focus is on discovery of problems and solving of problems that opportunity can be found in any market or market cycle.   She went on to add: “Here is where I need your expertise. I see so many investors purchasing NJ duplexes/triplexes for about $250k +, putting about $50-75k (or more if it’s a complete gut) into it, then renting out each unit for about $1500. Refinance and repeat (BRRR). Is it wise to have 5 or more homes with such high mortgages? They told me that their end game is not to hold on to those properties for the length of the mortgage, but to keep them for a few years and eventually sell them to have enough capital to purchase apartment buildings. My concern with this is having 5 mortgages at $300k a piece! Even if tenants are paying isn’t that too much? Or maybe I’m overly concerned and because of their exit strategy it works.”   My Response: That rarely happens in the real world, this is because they are overpaying in the first place, thus have little to no equity remaining.  Hoping the market will build them equity without any input from them as the owner is a slippery slope unless you have a big bank roll backing you.  That said, its critical to have the properties quickly stabilized and performing in order to realize that appreciation that because the appreciation in a multi family is very closely tied to the income it generates.   She also said: Another school of thought is to purchase duplexes for $100k (not THE most desirable neighborhoods, but okay and definitely not war zones.) The cash flow is not as high as the option above but it still makes a decent amount.   My Response: This statement kinda sounds like you might be willing to “settle” for what is perceived to be the low hanging fruit.  I assure you that this is not the low hanging fruit you may be looking for.  Appreciation and cash flow both tie to location and value, that said, avoid anything that could be viewed by the majority as undesirable. Above is a brief excerpt of what I covered in the episode itself.   If you need help getting on stuck, please book time on my calendar at http://CashFlowGuys.com/AskTyler or visit my website and click on the “Ask Tyler” button on my homepage.    

We'll chat with Daisy Cedeño, about exploring the local podcasting scene. Then, we'll review Apple podcast category changes and talk about common podcasting mistakes. And, as usual, we'll share the latest news on the Network itself and give you a final tip. This time, we are discussing a variety of ways to turn your network of supporters into contributing content creators for your show. Listen in... Link to Sound File for Sight Impaired: Click Here Featured Pic Credit: Florida Podcast Network Florida News Link #1: Jonathan Oakes' trivia calendar fundraising Florida News Link #2: Tyler Sheff and the Cash Flow Guys | Ultimate List of Real Estate Podcasts Florida News Guest: Daisy Cedeño General News Link #1: 2019 Apple podcast category changes affect nearly 75% of podcasts shows. Is your podcast affected by the change? General News Link #2: How to Find Podcast Sound Effects General News Link #3: Starting a Podcast? Avoid These 7 Common Mistakes FPN News Link #1: Florida Beer Podcast Additional Support Provided by: Flint Stone Media Partner with FPN: Become the voice of YOUR segment of Florida!! From sponsoring episode segments through creating and growing your own branded show, we have the solution to promote you while we promote Florida! FPN Media Kit Have a suggestion? Join us in the FPN Insiders group on Facebook and let us know!    FPN:  Check out the other shows on the Florida Podcast Network

In this episode, I answer a question from “Blake” who is a lister of the podcast.   Blake asked: “I just recently began listening to the podcast and it has changed my mindset about real estate investing. I graduated from college a month ago with zero student debt and a great career with a very high earning potential. My biggest question is how much capital do I need to begin this journey of wealth? “And when that number is attained, what resources can I use to be the most educated possible (books, podcasts, seminars, etc.)?” “Also, I’m a Dave Ramsey follower as well and want to know how I can build this empire without going into debt or ramping up unmanageable debts? Any help would be incredible. Thank you!” The answer to how much capital is needed really depends on how much time and effort do you plan to invest in the adventure of real estate investing.  If you save $150,000, for example, you could buy a duplex or triplex in most markets, it some markets maybe even a four unit.  But then you are done until you save AGAIN. Instead, learn to raise money from others and help them experience good returns which means you can do more good in the community.  You can start with $100 for example, and learn to generate leads for investors and motivated sellers.  Those leads can be converted to cash.  With no leads, you are forced to buy what’s for sale and usually wind up overpaying.  CashFlowGuys.com/OneFunnelAway is the affiliate link to get 30 days of daily coaching by Clickfunnels I prefer someone to start without capital because they are less likely to get themselves into hot water due to the lure of easy credit and “deals” everywhere as being offered by the sharks in each market.  Banks and hard money lenders will lend to just about anyone without regard to the investment quality of their purchase, remember that!  Instead, they often focus on the borrower and not the asset, especially residential type loans.  There is nothing more dangerous than a new investor with some cash and great credit.  With a bunch of leads to work with, the new investor gets to learn by doing and therefore develops a sharp sword in business.  It's easy to pay cash as our friend Larry Harbolt teaches us, and it's that cash that often gets us into deep trouble. Which resource you use to educate yourself really depends on the medium that most resonates with you.  For me, it’s a video when I am searching for a how-to on a specific task.  Along with that, I appreciate the search engine capabilities of YouTube to quickly provide me the content I need based on what I type. When looking for more of a passive or non-task related education I prefer audio books as my first choice and written books as my second depending on what I am doing.  What I dislike about audiobooks is that it is tough to take notes and such when my hands are otherwise occupied by driving or working on something. I don’t believe it is possible to build a real estate portfolio to the point it will support you to any degree without taking on mortgage debt (aka good debt).  Uncle Dave Ramsey over leveraged when he was in real estate and lost sight of the monthly income generation model when he invested in real estate.  He focused solely on appreciation and ignored all of the other benefits which is what got him into hot water.  Instead, focus on monthly net profit after expenses.  The number of units does not matter as much as the quality of each investment that you add to your portfolio.  

In this week’s episode, I answer a great question from Crystal about Long Distance investing.   Crystal asked: I've developed an interest in real estate in the past few months. I haven't made my first investment yet since I'm still educating myself with books/podcasts and developing a strategy that works for me. One thing that has come up a lot particularly as a long distance investor is the idea of turnkey investments. What are your thoughts on turnkey companies?? Any insight would be greatly appreciated. Turn Key opportunities can be a viable solution but vet them heavily up front.  We can’t expect to achieve the highest level of returns from a turnkey because the provider needs to profit also. Out of all the tun ket providers out there, I recommend Terry Kerr and his team at Midsouth Homebuyers.  They have been in business for 17 years in Memphis (a town I now know well).  I have referred tons of people to them and never once heard a bad word.  You can get to them by using the following link: CashFlowGuys.com/TurnKey When looking into any turnkey operator, take the time to visit their operation in person, attend any training and webinars they host to learn how they run their business. Additionally, reach out to Local REIA (investment club members) as found on Meetup.com or Facebook investing groups that cater to a specific market. Title Companies are also a great resource to learn about how smoothly their transactions close. Let’s not forget to do ALL the math, be sure all expenses are accounted for. Be sure that estimated rents are factual estimations, do your own rental analysis.  Review the deal as if it was not turn-key, sometimes we put too much value on the fact that a property is turn key and therefore ignore other issues.  Don’t fall into that trap.  A good turnkey provider should be open and forthcoming with information when you are in the diligence phase.  If it is difficult to learn about them and to obtain answers, that situation will only worsen over time, therefore, consider this clue carefully sooner rather than later. Be sure to thoroughly review all contracts and management agreements, be completely clear on all expectations of both parties.  How are repairs handled?  Are the agreements too general and allow for you to be nickel dimed to death?  What happens when a tenant has a repair request?  How are late rent payments handled?  What happens when the rent is not paid?  How long does it take to evict a tenant on average? Fruitful out of town investing means we must be confident in the abilities of the ready-made team that comes with the investment opportunity.   Go talk to them, ask about “what if” scenarios and be confident in their ability to handle problems that will crop up (not might) crop up.  Remember, turn key does NOT mean trouble free.--Happy Investing      

In this episode, I answer questions sent in from Jake a college student who listens to the podcast. Jake asked: “Hey Tyler, I’ve been listening to you for over two years now and I wanted to say thank you for what you do because it’s obvious you do it just out of the joy of helping people.  That being said, I’m twenty years old and going into my junior year at NC State University and would like to know what your best advice would be for someone who wants to begin purchasing multi-family properties as soon as possible after I graduate. I’m majoring in Agricultural Business Management and will most likely be in some sort of sales role after college. What would be a good mindset or game plan be for someone in my situation who wants to become a full-time landlord as soon as possible? Thanks again for the great content you put out!” Sales jobs (especially commission only sales jobs) are some of the best training available today.  I would start with a commission only sales job tomorrow to begin sharpening my future sword.  The ability to sell effectively is by far one of the most important skills a real estate investor can develop.  Sales skills are mandatory to convert leads to capital and to find sellers in which you can structure deals.  What you will learn by doing in a sales position will serv e you well the rest of your life in every way possible!   In addition to learning to sell, learning to generate leads in order to have someone to sell to is equally important, in fact, they go hand in hand together.  A great way to get started in lead generation is to read the book DotComSecrets by Russell Brunson.  This book lays out a framework and mindset that will lead any entrepreneur that follows the path to wealth.  You can get a copy of the book FREE (plus shipping) at CashFlowGuys.com/DotComSecrets My next piece of advice would be to remain debt free (assuming you are debt free now), if you are not, get debt free before you buy any property.  Being debt free (besides a mortgage on an asset) makes it much simpler to exit the rat race, it’s just that simple.  So as not to ruin the episode by giving away all the goodies in these show notes, go ahead and listen to the episode and write to me to tell me what you think!  Email to info@CashFlowGuys.com or visit CashFlowGuys.com/AskTyler to book a slot on my calendar to help you get unstuck or your questions answered.      

I talk to a bunch of people each week who share similar roadblocks to raising money because they don’t feel they have enough expertise to speak intelligently about real estate.  Although they might be correct, these same people can learn quickly and achieve unconscious competence.  How you ask? Immersion For immersion to happen, first we must drill down tight on a specific topic and learn every aspect of it until you can teach it to someone else.  Maybe your student is a family member, a stranger, a colleague or a friend.  I know what you are thinking..you don’t want to teach anyone until you are at the point you won’t make a mistake..that’s just silly! You cannot learn and look good at the same time!  A good example of that is found by watching our blooper reel for our new “Cashflow Roadshow” YouTube Channel at: CashFlowGuys.com/Roadshow while you are there, be sure to subscribe to see more of my stupidity. Toastmasters is a great organization, but did you know that it is most likely the BEST environment to practice what you have learned?  At Toastmasters you will get solid feedback on your performance, your subject matter and also be put in a position to listen to others.  By learning to become a great listener, we also become great negotiators as a byproduct. What’s the next step? Share what you learn with others on social media once you are confident you understand the topic. (More on this in the episode itself. To grab a copy of the Self Directed IRA Handbook I mentioned in the episode, go to CashFlowGuys.com/IRABook

This week I discuss where you, the aspiring investor fits into the game of investing.  I talk to many people each week who respond to the opportunity to get on a call with me to help them get stuck, many of those calls revolve around people needing direction. You can book a time slot on my calendar here: http://CashFlowGuys.com/AskTyler I remember wondering where I should begin, I also remember how paralyzing this decision was.  Do I do deals alone?  With partners? Should I JV? Do a syndication?  Get a mortgage?  What about hard money loans?  Maybe I should be out driving for dollars, after all, everyone seems to be doing that, wait...should I wholesale first?  All valid questions no doubt! STOP!  Breathe.. Ok, now let’s first focus on thinking about what you are good at.  What skills do you have that would be beneficial in a real estate transaction or company.  Perhaps you come from a construction background, or maybe you are simply good at managing people.  Could you leverage that experience into equity in a deal?  Of course you can! I am really good at closing (sales), raising money and dealing with tough problems to find solutions that benefit all parties.  Therefore, in my organization I primarily raise money and solve the larger and more delicate problems. Do you have a flair for advertising or marketing?  Maybe that’s your role which can help the asset manager find more leads, the money raiser book more appointments to build relationships with investors or to help the property management team find more tenants. Regardless of your skill sets, I bet you can dig deep and find tangible skills to bring to the table.  As you listen to this episode, be listening for specific instructions on how you can begin to assemble your power team.  After all, NONE of us can do this alone. Till next week…. Tyler      

How does a couple make real estate feel so easy? Maybe it’s because they’re easy—after having seen so many challenges and done so much. We are back in Tarpon Springs, Florida with Jill and Tyler Sheff of Cash Flow Guys. Together, they invest in real estate, find property for other investors, and teach their methods to people who want to know their secrets. They also run the Cash Flow Guys podcast, and they’re about to launch another one called Cash Flow Road Show. They want to demonstrate how, just because you’re living in an RV, you don’t have to tighten the belt so much. You can actually have a residual income and live well. They also talk about a business profit killer that they have always avoided. And Tyler reveals a perfectly legal and reasonable method for getting rid of undesirable tenants. Maybe you could pull it off, maybe not. They are also staunch proponents of building a team—which doesn’t mean hiring employees. And where do a little boy named Tyler and an up-and-coming Jimmy Buffett fit in all this?

The Cash Flow Guys are a husband & wife real estate investment team in Tarpon Springs, Florida. Tyler & Jill Sheff are surprisingly easy and affable—which belies great insight and advice on getting past the problems of life and building wealth. Jill and Tyler are real estate investors, they invest in real estate for other people, and they even teach others to do what they do. They’ve both done a lot of things in their lives, including being a cop and working in the pits at the race track. Which one did which? Only one way to find out. Join us.

  Do you have an interest in podcasts or podcasting, or maybe just meeting a great local group of people helping each other out The Florida Podcaster's Association is just one such place. Every month Chris Krimitsos hosts 40-60 podcasters at a public meetup in Tampa. There we share ideas, knowledge, wins, and maybe more importantly, what isn't working. It's a great group of people. Chris also puts on Podfest with John Dennis. Podfest is an annual podcaster convention, currently in Orlando. This year there was over 1,000 attendees, with amazing podcasters such as Tyler Sheff of the Cash Flow Guys and Joe Saul-Sehy of the Stacking Benjamins podcast. Keynote this year was by John Lee Dumas who many of your know from Entrepreneurs on Fire. Podfest Information Monthly Podcaster Meetup Download the Great Things Tampa Bay Mobile App

This week I want to tell a brief story of a courageous man I witness complete a very difficult task recently.  I won’t spoil the episode by spilling it out here, however, I will use this witnessed event as a transition to discuss the topic of courage. Regarding courage, the waiting list to be notified of the release of my Brand NEW Mailbox Money 101 Fast Start Program, go to http://CashFlowGuys.com/MailboxMoney101 Courage is defined as “the ability to do something that frightens you” and is also defined as “strength in the face of the pain of grief” and I am here to tell you it takes a ton of courage to succeed in Real Estate investing.  Let’s cover a few common things that require a great deal of courage to accomplish: The courage to make offers:  "Oh geez, what if my offer gets accepted?”  "What if the seller gets mad at me because my offer is too low or too creative?” Both of these situations can be overcome by simply having the courage to be different than everyone else in how you approach the situation.  Instead of blindly sending over an offer via email, direct mail or even fax, take time to learn about why the seller is selling.  Learn what they plan to do with the proceeds of the sale. Fear in offers getting accepted: Surprisingly this is a very common thing, and the courage to overcome it can sometimes feel impossible unless you are carrying a suitcase of cash!  If you follow the steps above and take time to get to know the seller, you should feel better about the situation and be better prepared to have the courage to push through the process of funding the deal.  Funding the deal could mean the seller accepting payments for their equity (which is more common than you might think), obtaining a bank loan and/or raising private capital for all or part of the monies needed to close on the property. If you are anything like me, you disdain disappointing people.  The reality is that it takes courage to get good at saying no when presented with an opportunity that simply does not meet your criteria.  This can mean saying NO to a seller, a wholesaler or a Real Estate Broker.  Although uncomfortable, its critical to have the courage to walk away because you know deep down this is the right thing to do.  As Robert Helms says “Do the math and the math will tell you what to do”.  That statement means that you must do ALL the math and use factual data to support your calculation in order to keep from losing money.  Investing is about earning returns, not taking losses, by slowing down and applying logic, confidence in your decision to proceed or walk away will be easier to achieve. Lastly, registration is open for the next 12-week Mailbox Money Group Coaching program, you can learn more about that at http://MailboxMoneyCoach.com   To get on the waiting list for the brand new Mailbox Money 101 course go to http://Cashflowguys.com/MailboxMoney101 to be notified the minute the course is available.  

This week I speak with Larissa Green who is the Education Director at Advanta IRA.  Advanta is a Self Directed IRA Administrator whose primary mission is to be a custodian of records for those who choose to have a self-directed IRA. A Self Directed Retirement Account allows the account holder to control their own retirement plan via the self-direction model.  In short, with a SDIRA you can pick what your account invests in.  The list of things you cannot invest in is very short and usually tied to some types of currency, antiquities, and insurance products/investments.  Everything else is pretty much fair game (as long as it's not illegal). During this episode, we discuss lots of creative examples that people have invested in over the years to grow even tiny balance IRA’s into respectable amounts.  By self-directing your retirement funds you eliminate lots of fees and commissions that are common to stockbrokers and financial planner supervised investments.  Imagine the possibilities of what you could do with all that extra money? Another huge benefit is that companies like Advanta keep us compliant with IRS regulations and also help monitor the progress and valuations of our investment accounts.  Additionally, they help keep us in check by providing a baked in system of check and balances that are required in order for your funds to be dispursed. This episode is a goldmine of information so buckle up, grab a notebook and enjoy! Want to brainstorm with me on ideas to supercharge YOUR Self Directed IRA?  Let’s get on call and discuss tons of creative investment strategies available to you in addition to what is considered common in Real Estate.  Use the opportunity to get on a call with me to boost that low balance to one that will soon be able to invest in bigger deals, while maintaining control over every penny the whole time!  You can book a slot on my calendar at http://CashFlowGuys.com/AskTyler

In this episode, I discuss limiting beliefs that hold good people back from accomplishing great things.  As Jim Rohn says “we get paid for bringing value to the marketplace”.  This applies to EVERY business all over the world, not just real estate investors. Having the proper focus and mindset geared toward solutions instead of problems is one element that separates allows us to see, feel and experience success.  I mention several examples of people who are bringing value to the marketplace and also offer suggestions about how you can accomplish the same.  In order for anything to get accomplished, we have to decide that we won’t accept the status quo, instead, we need to innovate, to decide that things will happen for us and then execute the tasks necessary to get us over the finish line. One of the first things that hold us back is believing that we need to save our own money to buy assets.  This might be true if you were getting started in the stock market, but in real estate, you can use OPM or “Other People’s Money” to acquire assets. Some folks feel that they must start as a wholesaler or house flipper before they earn the right to buy property and keep them.  Others feel a real estate license is required, not true!  What IS required is a huge amount of focus, determination and drive to make it happen. The biggest reason most people succeed is that they are first willing to “get uncomfortable” and remain uncomfortable in order for them to accomplish what they needed with the proper amount of focus to stay on track.  When we are comfortable, we generally lack motivation, and I don’t need to explain to you how that works out! If you are having trouble getting centered in life to get rolling in real estate, let’s get on the phone and discuss it!  You can book a slot on my calendar at http://CashFlowGuys.com/AskTyler to discuss how you can organize your thoughts and get focused on your financial future.  If you want to get on the waiting list for the new course go to http://CashFlowGuys.com/MailboxMoney101

You can’t FIND a deal.. it is not possible, you gotta create them, for that to happen you must be direct to the decision maker.  Stop bitching about the price of what is for sale and start learning how to solve problems..its really that simple. Is real estate investing “easy”? Heck NO..but it IS simple (if you allow it to be) In today’s society, humans tend to make things far more difficult than they need to be.  We read into everything and try to find things hidden between the lines that don’t exist.  We allow fear to tell our brains to stay safe and take the easy road, heck, we even invested an actual Easy Button! Remember this..you will not be able to borrow your way to wealth, banks won’t let you, they cut you off and soon will cut most people off as the economy turns.  This means you must learn how to use other people’s money if you plan to truly achieve wealth.  The stock market requires you to use your own cash in most cases (unless you are a stockbroker), insider trading is illegal on Wall Street. In real estate, we encourage you to use other people’s money and insider trading is encouraged instead of illegal.  Insider trading means learning how to discover problems and provide solutions to them while the other “investors” are busy hearing some wholesaler talk about “ARV”.  That said, leverage responsibly, avoid high-cost debt at all costs, especially teaser rates and loans. You will never make any money in real estate without learning how to market yourself effectively, in our Mailbox Money group coaching program Jill and I teach you how to raise the capital you need and also teach you how to effectively market yourself in order to attract leads for opportunity and capital.  For more info on that, go to http://MailBoxMoneyCoach.com Don’t think that you don’t need to market yourself as a buyer, buying off the shelf will NOT build wealth, it will only fatten the wallet of the people helping you buy.  Being one of those people that help you buy (a Realtor) understand that the person representing the seller could care less about you “getting a deal”.  Only you care about getting you a deal, therefore negotiations is a skill that must be learned and mastered.  If this is an overwhelming challenge for you then get on the phone with me and learn some tips to make negotiation easier for you.  This can be done at http://CashFlowGuys.com/AskTyler            

Tyler Sheff is a US Army Gulf War Era Veteran and originally earned his Florida real estate license back in 2000. He concurrently owned and operated a trucking business, worked as a local Police Officer, Charter Captain and Chief Boatswain aboard a US government research ship, and in 2014 he decided to renew his real estate license in order to supplement his income while helping others learn about real estate investing. Tyler is the founder of CashFlowGuys.com and host of the Cash Flow Guys Podcast which is rapidly rising in the ranks to be one of the fasting growing shows in the iTunes business category. Tyler gains great enjoyment out of helping busy professionals achieve their wealth building goals by showing them how to invest in real estate passively and consistently far outperform the stock market in returns. An avid sportsman, Tyler spends his free time fishing, hunting and scuba diving and really gets a kick out of helping others realize their dreams and feeling better about themselves. What you'll learn about in this episode: Why Tyler Sheff began investing in flipping houses and “wholetailing” How Tyler's business is structured into two teams: multi-family and loan notes Tyler's advice and recommendations for new investors getting started in real estate Tyler's greatest career failure and the lessons he learned from the situation Why training and mentors are crucial to understand and navigate the real estate investing business How listening to Tyler's mentor helped him achieve the greatest success he's found in his career Which three things Tyler does every day to focus himself and put himself into a successful and productive mindset Which challenges Tyler plans to tackle going forward in the future What business-related and personal growth books Tyler recommends you read, and which business mentor Tyler has found the most success with What strategies Tyler recommends to master the critical skills.

Tyler Sheff, Founder of CashFlowGuys.com is a Licensed Real Estate Problem Solver, Educator, Investor and Syndicator. Tyler has been involved in Real Estate for over 16 years and now maintains a 100% focus on investing for Cashflow and helping others do the same. As a Master Facilitator of Robert Kiyosakis CashFlow101 Game; Tyler hosts workshops to teach the busy people how to use what they have; to obtain what they need; in order to build passive income and escape the rat race. During This Show We Discuss… How to find wealth by finding problems, not just properties Where to find is the best place to find great investment properties How you can find great properties on the MLS, contrary to what others may say Where most of the REAL profit comes from in real estate investing How to know whether to fix and flip, or buy and hold How to maximize your profits as a landlord Some of the best places to get capital for investing How to use a 401k, stocks, bonds, or an IRA to get money to invest The benefits of finding a great local real estate investing group The best type of training for new real estate investors The type of team you should build when you're in the business of real estate investing The types of meetings and events you should have with your team regularly How to build your personal brand as a teacher in real estate investing Secrets to get the best deal when buying properties Secrets to get the best deal when selling properties The things people commonly overlook when rehabbing properties Things that people are surprised by when they get involved in real estate investing And much more...

Today we are joined by the Cash Flow Guy, Tyler Sheff! Tyler obtained his real estate license back in 2000 where he concurrently owned and operated a trucking business, worked as a police officer, and a Charter Captain and Chief Boatswain abroad a United States government research ship. He decided to renew his real estate license back in 2014 to supplement his income by investing in cash flow properties. To this day, Tyler loves educating and teaching others about real estate investing through his coaching program and his podcast called the Cash Flow Guys. Checkout today's show to learn the importance of hiring a reputable CPA and how to make a passive income through buy-and-hold investing!

Tyler Sheff, host of the Cash Flow Guys podcast, invited Jason Hartman on his show to discuss the different market types in the USA, and got some tips on remote managing as well. Jason explains that the stigma behind buying homes sight unseen, as well as self managing properties a thousand miles away, has abated some due to the wonders of technology. Key Takeaways: [2:12] What Jason learned when he owned properties in 11 states [7:08] Whether Tampa is a linear, hybrid, or cyclical market [11:34] Our brains relation to the number 3 and how it relates to Jason's diversification strategy [16:13] Jason's experience of beginning to self manage his remote properties [18:46] When tenants are connected directly rather than through a property manager they tend to take care of more things themselves [23:48] The need for standardized data when evaluating properties Website: Meet the Masters 2018 www.RealEstateTools.com www.CashFlowGuys.com

Tyler Sheff, host of the Cash Flow Guys podcast, invited Jason Hartman on his show to discuss the different market types in the USA, and got some tips on remote managing as well. Jason explains that the stigma behind buying homes sight unseen, as well as self managing properties a thousand miles away, has abated some due to the wonders of technology. Key Takeaways: [1:56] What Jason learned when he owned properties in 11 states [6:52] Whether Tampa is a linear, hybrid, or cyclical market [11:18] Our brains relation to the number 3 and how it relates to Jason's diversification strategy [15:57] Jason's experience of beginning to self manage his remote properties [18:30] When tenants are connected directly rather than through a property manager they tend to take care of more things themselves [23:32] The need for standardized data when evaluating properties Website: Meet the Masters 2018 www.RealEstateTools.com www.CashFlowGuys.com

Tyler Sheff, host of The Cash Flow Guys Podcast, invited Jason Hartman on his show to discuss the different market types in the USA, and got some tips on remote managing as well. Jason explains that the stigma behind buying homes sight unseen, as well as self managing properties a thousand miles away, has abated some due to the wonders of technology. Key Takeaways: [2:12] What Jason learned when he owned properties in 11 states [7:08] Whether Tampa is a linear, hybrid, or cyclical market [11:34] Our brains relation to the number 3 and how it relates to Jason's diversification strategy [16:13] Jason's experience of beginning to self manage his remote properties [18:46] When tenants are connected directly rather than through a property manager they tend to take care of more things themselves [23:48] The need for standardized data when evaluating properties Website: Meet the Masters 2018 www.RealEstateTools.com www.CashFlowGuys.com

Tyler Sheff -  Founder of CashFlowGuys.com is a Licensed Real Estate Problem Solver, Educator, Investor and Syndicator. Tyler has been involved in Real Estate for over 16 years and now maintains a 100% focus on investing for Cashflow and helping others do the same. Brian Rutenberg - is an internationally exhibited painter based in New York City. He received his bachelor's degree in fine arts from the College of Charleston in 1987 and his master's degree from the School of Visual Arts in New York City in 1989.   New Interviews, and Inspirational videos will be posted every week on my Youtube Channel! Just go here: https://goo.gl/EA9x6D Connect with Bert Martinez on Facebook. Connect with Bert Martinez on Twitter.

My guest in this episode is Tyler Sheff. Tyler is the Founder of CashFlowGuys.com is a Licensed Real Estate Problem Solver, Educator, Investor and Syndicator. Tyler has been involved in Real Estate for over 16 years and now maintains a 100% focus on investing for Cashflow and helping others do the same. As a Master Facilitator of Robert Kiyosaki's CashFlow101 Game; Tyler hosts workshops to teach the busy people how to use what they have; to obtain what they need; in order to build passive income and escape the rat race. Share your thoughts with me on Twitter @mclaubscher and Instagram @cashflowninjapodcast Click To Tweet: Why Money Is The Least Important Thing In A Real Estate Deal If you have enjoyed our podcast, please share with friends and family Please Subscribe, Rate, and Review on Itunes so more people can find us! so more people can find us! Interview Links: Cashflow Guys Recommended Book: Real Estate is a Team Sport by John Carney Support Our Sponsors Joint Ops Properties, have designed a system to take any beginner to an experienced deal making investor in the least amount of time, offering opportunities from basic education, coaching, bridge investing to turn-key investments in the cash flowing market of St. Louis, MO. www.jointopsproperties.com International Coffee Farms, Sustainable Income Through Offshore Sustainable Agriculture www.internationalcoffeefarms.com Audible, download any audio book for FREE when you try Audible for 30 days  www.cashflowninjabook.com Thanks so much for joining me again this week. Have some feedback you'd like to share? Leave a note in the comment section below! If you enjoyed this episode, please share it using the social media buttons you see at the bottom of the post! Also, please leave an honest review for the Cashflow Ninja Podcast on iTunes. Ratings and reviews are extremely helpful and greatly appreciated! They do matter in the rankings of the show, and I read each and every one of them. And finally, don't forget to subscribe to the show on iTunes to get automatic updates, please follow me on twitter @mclaubscher and instagram, @cashflowninjapodcast. Until next time! Live a life of passion and purpose on YOUR terms, M.C. Laubscher

Buy Apartment Buildings for Nothing From the City with Tyler Sheff Jack Butala: Buy Apartment Buildings for Nothing From the City with Tyler Sheff. Every Single month we give away a property for free. It's super simple to qualify. Two simple steps. Leave us your feedback for this podcast on iTunes and number two, get the free ebook at landacademy.com, you don't even have to read it. Thanks for listening. Steve: Tyler Schiff founder of cashflowguys.com, is a licensed real estate problem solver, educator, investor and syndicator. Tyler has been involved in real estate for over 16 years and now maintains 100% focus on investing for cash flow and helping others do the same. Tyler's team help others to acquire, stabilize, and then provide clean, safe, affordable housing to those in need when it matters most. Boy, I have some questions about that, what a great job description. As the host of Cash Flow Guys podcast, teaches the public how to avoid the common pitfalls found in real estate investing, and inspires others to take massive action toward their goals. Tyler, it is such a pleasure for Jill and I to have you on the show. Tyler: Thanks guys I appreciate it. Jill: Glad you are here. Steve: That was an awesome big picture description, maybe you can tell us a little bit more about what you do. Tyler: Well Steve, this all started when I was working for the Federal government. I was out on a ship in the middle of the ocean as a merchant mariner and of course, your tax dollars were paying me way too much money. That was all great on the surface, it looked really cool on the top part of the pay check, but when the IRS got ahold of they said, "Oh, Tyler, thank you for your donation, sir." I was paying more in income tax than most people made for a living, it was kind of scary. Steve: Yeah, a W-2 can do that to you, huh? Tyler: Yes, it sure can, so I obviously need to find a better way. I come from a real estate background, I grew up in real estate with my mother. I have had my real estate license about 16 years now. I was on a little sabbatical, I was out there bobbing around the ocean and I had to figure out a way to legally, address the word legally, mitigate my tax obligation and then I discovered the power of passive income, that was the game changer right there. Steve: That's great. How long were you out there? Let's talk about the boat experience first. We are actively looking to buy a fairly large boat right now. Tyler: I spent 5 years working for the National Oceanic Atmospheric Administration, that's NOAA, that's who predicts your weather and all that. They have a fleet of ships that are based around the world, pretty much. I went to them with virtually no experience. I was a turner boat captain here in town, I did that part time when the real estate market was not performing to expectation in 09' and early 2010, I was out doing charter fishing for people and doing real estate while the market was at it's absolute worst. I got hired by NOAA because I am a US veteran and they give preference to US veterans for employment. It was pretty much a shoe in job. My first duty assignment, guys, was Honolulu, Hawaii. You can't really argue with that. Jill: Love it. Tyler: At the time it was ... NOAA, ironically, also runs the national marine fisheries. Being in the charter business, for taking people fishing, they had so heavily regulated the fishing industry, it made it harder and harder and harder to get people out on the ocean to take people fishing. Ironically, the government organization that put the charter business on hold, was where I wound up going to work, if you can't beat them, join them, type of a thing. I can tell you ... We could go on for hours about my experiences at NOAA, that was an absolute blast. I had so much fun working for that organization, a good group of people. Steve:

Buy Apartment Buildings for Nothing From the City with Tyler Sheff Jack Butala: Buy Apartment Buildings for Nothing From the City with Tyler Sheff. Every Single month we give away a property for free. It's super simple to qualify. Two simple steps. Leave us your feedback for this podcast on iTunes and number two, get the free ebook at landacademy.com, you don't even have to read it. Thanks for listening. Steve: Tyler Schiff founder of cashflowguys.com, is a licensed real estate problem solver, educator, investor and syndicator. Tyler has been involved in real estate for over 16 years and now maintains 100% focus on investing for cash flow and helping others do the same. Tyler's team help others to acquire, stabilize, and then provide clean, safe, affordable housing to those in need when it matters most. Boy, I have some questions about that, what a great job description. As the host of Cash Flow Guys podcast, teaches the public how to avoid the common pitfalls found in real estate investing, and inspires others to take massive action toward their goals. Tyler, it is such a pleasure for Jill and I to have you on the show. Tyler: Thanks guys I appreciate it. Jill: Glad you are here. Steve: That was an awesome big picture description, maybe you can tell us a little bit more about what you do. Tyler: Well Steve, this all started when I was working for the Federal government. I was out on a ship in the middle of the ocean as a merchant mariner and of course, your tax dollars were paying me way too much money. That was all great on the surface, it looked really cool on the top part of the pay check, but when the IRS got ahold of they said, "Oh, Tyler, thank you for your donation, sir." I was paying more in income tax than most people made for a living, it was kind of scary. Steve: Yeah, a W-2 can do that to you, huh? Tyler: Yes, it sure can, so I obviously need to find a better way. I come from a real estate background, I grew up in real estate with my mother. I have had my real estate license about 16 years now. I was on a little sabbatical, I was out there bobbing around the ocean and I had to figure out a way to legally, address the word legally, mitigate my tax obligation and then I discovered the power of passive income, that was the game changer right there. Steve: That's great. How long were you out there? Let's talk about the boat experience first. We are actively looking to buy a fairly large boat right now. Tyler: I spent 5 years working for the National Oceanic Atmospheric Administration, that's NOAA, that's who predicts your weather and all that. They have a fleet of ships that are based around the world, pretty much. I went to them with virtually no experience. I was a turner boat captain here in town, I did that part time when the real estate market was not performing to expectation in 09' and early 2010, I was out doing charter fishing for people and doing real estate while the market was at it's absolute worst. I got hired by NOAA because I am a US veteran and they give preference to US veterans for employment. It was pretty much a shoe in job. My first duty assignment, guys, was Honolulu, Hawaii. You can't really argue with that. Jill: Love it. Tyler: At the time it was ... NOAA, ironically, also runs the national marine fisheries. Being in the charter business, for taking people fishing, they had so heavily regulated the fishing industry, it made it harder and harder and harder to get people out on the ocean to take people fishing. Ironically, the government organization that put the charter business on hold, was where I wound up going to work, if you can't beat them, join them, type of a thing. I can tell you ... We could go on for hours about my experiences at NOAA, that was an absolute blast. I had so much fun working for that organization, a good group of people. Steve: