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[First in a series of 2019 Hui Club member interviews and live coaching sessions. No more interviews of the same old people, these are real people just like you].Article Link: Text “simple” to 314-665-1767 to download the Hui Google Drive files and the 2018 Rental Property AnalyzerFor a free electronic version of my bestselling book in 12+ categories text the word "ebook" to 587-317-6099.Please help the show by leaving a review: http://getpodcast.reviews/id/1118795347Join the Hui Deal Pipeline Club! SimplePassiveCashflow.com/clubPardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math!________Here are the Show Notes________[First in a series of 2019 Hui Club member interviews and live coaching sessions. No more interviews of the same old people, these are real people just like you]Karl is a police officer who is currently making about 35k in passive income from his properties, which consists of 18 houses and 24 apartment units and are spread across small multifamily units.He started purchasing these properties in 2009.He then moved into wholesaling and just basically putting his money to work through private lendings and house flipping.He still keeps his day job as a police officer and continues to serve his community and help other people.The high demand for a better and affordable housing in their city drove Carl to try and enter the real estate business.Karl talks about his experiences on being a landlord and an investor. He also shares his experiences in house flipping as well as his future plans after retirement. See acast.com/privacy for privacy and opt-out information.
[First in a series of 2019 Hui Club member interviews and live coaching sessions. No more interviews of the same old people, these are real people just like you]. Article Link: Text “simple” to 314-665-1767 to download the Hui Google Drive files and the 2018 Rental Property Analyzer For a free electronic version of my bestselling book in 12+ categories text the word "ebook" to 587-317-6099. Please help the show by leaving a review: http://getpodcast.reviews/id/1118795347 Join the Hui Deal Pipeline Club! SimplePassiveCashflow.com/club Pardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math! ________Here are the Show Notes________ [First in a series of 2019 Hui Club member interviews and live coaching sessions. No more interviews of the same old people, these are real people just like you] Karl is a police officer who is currently making about 35k in passive income from his properties, which consists of 18 houses and 24 apartment units and are spread across small multifamily units. He started purchasing these properties in 2009. He then moved into wholesaling and just basically putting his money to work through private lendings and house flipping. He still keeps his day job as a police officer and continues to serve his community and help other people. The high demand for a better and affordable housing in their city drove Carl to try and enter the real estate business. Karl talks about his experiences on being a landlord and an investor. He also shares his experiences in house flipping as well as his future plans after retirement.
YouTube Link: https://youtu.be/1vVQPdfl_So Also check out Buck Joffrey's podcast on cypto: https://itunes.apple.com/us/podcast/consensus-network-cryptocurrency-news-education/id1436793238?mt=2 Article Link: Text “simple” to 314-665-1767 to download the Hui Google Drive files and the 2018 Rental Property Analyzer For a free electronic version of my bestselling book in 12+ categories text the word "ebook" to 587-317-6099. Please help the show by leaving a review: http://getpodcast.reviews/id/1118795347 Join the Hui Deal Pipeline Club! SimplePassiveCashflow.com/club Pardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math! ________Here are the Show Notes________ Is dealing in Cryptocurrency dangerous? Bitcoin grew in value by 1,000% in 2017. Ripple was the best performing crypto, which had gains of 36,018% last year due to its ease of use. Each coin of Ripple is worth a small fraction of a Bitcoin. The technology makes it easier for banks, payment providers and businesses to send payments globally. They promise to deliver an experience that is instant, traceable, and inexpensive. NEM is an enterprise blockchain with “smart assets.” It can also be used to manage things like currencies, financial instruments, supply chains, and notarizations. Think how eBay or Amazon takes data from UPS or USPS to track your packages, but a lot bigger. Other Cryptos: Ardor Stellar Dash Ethereum (2nd biggest Cypto) Golem Litecoin (getting in mainstream vernacular) BitcoinLearningCenters.com by Andy LaPointe Mr. LaPointe created this complete bitcoin learning system from the ground up! You will learn practical insights into this global phenomenon. By the end of the interview, you will also have a practical understanding of cryptocurrencies, blockchain technology and Bitcoin. The information that Andy LaPointe will share is entertaining, insightful and easy- to-understand. No matter who you are or your background, the information he’ll share will help anyone to get started with cryptocurrencies today. You listeners will learn: - What is a Blockchain? - What is Bitcoin? - What is cryptocurrency? - How blockchain and Bitcoin are related. - How to determine if investing into cryptocurrencies is right for you. - What are some of the misconceptions about Bitcoin, cryptocurrency and blockchain. - How to create the right cryptocurrency portfolio for you and your financial future. - And much more! ABOUT THE AUTHOR: Prior to getting involved with blockchain technology in 2013, Mr. LaPointe spent 15 years in the corporate world as a Registered Investment Advisor (RIA), Series 7 Stockbroker and Mutual Fund Wholesaler. He offers deep knowledge of the financial markets, blockchain technology, asset allocation, risk tolerance and cryptocurrency. Andy LaPointe lives in Northern Michigan and is available for interview by calling 1-231-676-0643 (Eastern Standard Time) or email: lapointeandy@yahoo.com – Instant Availability Or visit: www.BitcoinLearningSystems.com [activecampaign form=3]
YouTube Link: https://youtu.be/1vVQPdfl_SoAlso check out Buck Joffrey's podcast on cypto: https://itunes.apple.com/us/podcast/consensus-network-cryptocurrency-news-education/id1436793238?mt=2Article Link: Text “simple” to 314-665-1767 to download the Hui Google Drive files and the 2018 Rental Property Analyzer For a free electronic version of my bestselling book in 12+ categories text the word "ebook" to 587-317-6099. Please help the show by leaving a review: http://getpodcast.reviews/id/1118795347 Join the Hui Deal Pipeline Club! SimplePassiveCashflow.com/club Pardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math! ________Here are the Show Notes________Is dealing in Cryptocurrency dangerous?Bitcoin grew in value by 1,000% in 2017.Ripple was the best performing crypto, which had gains of 36,018% last year due to its ease of use. Each coin of Ripple is worth a small fraction of a Bitcoin. The technology makes it easier for banks, payment providers and businesses to send payments globally. They promise to deliver an experience that is instant, traceable, and inexpensive.NEM is an enterprise blockchain with “smart assets.” It can also be used to manage things like currencies, financial instruments, supply chains, and notarizations. Think how eBay or Amazon takes data from UPS or USPS to track your packages, but a lot bigger.Other Cryptos:ArdorStellarDashEthereum (2nd biggest Cypto)GolemLitecoin (getting in mainstream vernacular)BitcoinLearningCenters.com by Andy LaPointe Mr. LaPointe created this complete bitcoin learning system from the ground up! You will learn practical insights into this global phenomenon. By the endof the interview, you will also have a practical understanding ofcryptocurrencies, blockchain technology and Bitcoin.The information that Andy LaPointe will share is entertaining, insightful and easy-to-understand. No matter who you are or your background, the information he’llshare will help anyone to get started with cryptocurrencies today.You listeners will learn:- What is a Blockchain?- What is Bitcoin?- What is cryptocurrency?- How blockchain and Bitcoin are related.- How to determine if investing into cryptocurrencies is right for you.- What are some of the misconceptions about Bitcoin, cryptocurrencyand blockchain.- How to create the right cryptocurrency portfolio for you and yourfinancial future.- And much more!ABOUT THE AUTHOR:Prior to getting involved with blockchain technology in 2013, Mr. LaPointe spent 15 years in the corporate world as a Registered Investment Advisor (RIA), Series 7 Stockbroker and Mutual Fund Wholesaler. He offers deep knowledge of the financial markets, blockchain technology, asset allocation, risk tolerance and cryptocurrency.Andy LaPointe lives in Northern Michigan and is available for interview by calling 1-231-676-0643 (Eastern Standard Time) or email: lapointeandy@yahoo.com – Instant Availability Or visit: www.BitcoinLearningSystems.com See acast.com/privacy for privacy and opt-out information.
Article Link: Text “simple” to 314-665-1767 to download the Hui Google Drive files and the 2018 Rental Property Analyzer For a free electronic version of my bestselling book in 12+ categories text the word "ebook" to 587-317-6099. Please help the show by leaving a review: http://getpodcast.reviews/id/1118795347 Join the Hui Deal Pipeline Club! SimplePassiveCashflow.com/club Pardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math! ________Here are the Show Notes________Graham Parham: New Awards:#1 in units at Highlands Residential Mortgage for 2017#11 in state of Texas and 92nd in the US according to The Scottsman Guide andMortgage Executive Magazine – 1% top originators in the USTop Ranked – Ask A Lender Discussion today is 1-4 unit income properties, not owner-occupied.20% down on first ten financed properties? 25% for 2-4 units?DTI considerations when using HELOC from primary residence to invest?Credit scores down to 620. Max. credit score that helps?Reserves?New Fannie Mae Reserve Requirements for Investors with Multiple Properties OwnedThe Old requirements were six months Principle, Interest, Taxes, and Insurance (PITI) on the subject property and two on all other properties up to 4 leveraged 1 – 4 family properties excluding the primary residence. Properties 5 – 10 would require six month PITI on all properties.The New requirements are based on a percentage of the unpaid principal balance on each loan excluding the primary residence. If a borrower has 2-4 financed properties, the reserves of 2% of the unpaid principal mortgage balances are required, excluding the principal residence and the subject property. If a borrower has 5 - 6 financed properties, 4% of the unpaid principal mortgage balances are required, excluding the principal residence and the subject property. If a borrower has 7 to 10 financed properties, 6% of the unpaid principal mortgage balances are required, excluding the principal residence and the subject property.The aggregate UPB calculation does not include the mortgages and HELOCs that are on the subject property, the borrower’s principal residence, properties that are sold or pending sale, and accounts that will be paid by closing.The subject property will still have monthly reserve requirements based on the total mortgage payment (PITI). Reserves are funds that you have access to liquid or non-liquid. Reserves are funds you need to have after the closing your transaction. Funds for reserves cannot be your funds for down payment or closing cost.Fannie Mae now will allow for 100% of the Non-Liquid funds, not 60%Non-Liquid funds can be used for reserve requirements.” IRA’s 401K’sSEP Funds Gifts are NOT allowed on an investment property. Investor interest rates how much higher than owner-occupied? Mortgage sequencing. Example: if buyer wants to buy in Memphis today, Jacksonville next month, how should they plan? Overall, lending climate more lose or tighter than 1 year ago? 5 years ago? What should a prospective borrower do before contacting you? 1031 exchanges Cost and funding What cost are covered in the exchangeWhat is UP with interest rates?4 Factors that determine your mortgage interest rate: Credit ScoreCredit Scores Adjustments 740 + 740 – 720 720 – 700 700 – 680 680 – 640 640 – 620 % of down payment 20% or 25% Loan Amount Adjustments Property TypeWhat about the 15 Year fixed?Does it make since to pay points?What is the difference between Mortgage Brokers and Mortgage Bankers?What are overlays?Does Fannie Mae have a black list?Are Appraisals regulated and by who?Is there an appraisal black list?What happens if the appraisal does not come in a contract price?Closing cost differences between lendersShould I pay cash for my investment properties or use leverage?The next example will show the benefits of using 20% down leveraging for properties versus buying one property and paying CASH.If you pay $150,000 in cash for one property, your net cash flow is $1245.00. By putting 20% down with an 80% loan to value and a 5% interest rate, your net cash flow is reduced to $600.81. Let’s not stop there. Keep in mind that 20% down payment on a $150,000 home is only $30,000. If you bought FIVE $150,000 homes and put 20% down on each with the same loan terms and monthly rents, you could increase your return on investment by $1759.05 a month to $3004.05. Invest your money wisely.The net cash flows do not take into account the annual city, county and state property taxes and the annual hazard insurance. The numbers may vary considerately by the taxing authorities. You will have to include that information in your bottom line.Graham W. Parham has been a Mortgage Loan Officer for over 18 years with 25 yearsin sales and marketing. He is a leader of financial expertise in the North Texasresidential real estate market, developing a significant following among homebuyersand investors. Known and respected industry-wide, Graham’s production consistentlyranks him as a top producer in this market place. According to Scottsman GuideGraham ranked 92 nd in the US loan originators.Graham offers invaluable insight into a purchaser's likely requirements, providing anexceptional business ethic of customer service and respect, catering to their needs frompre-qualification to closing. He is a truly dedicated person, who strives to ensure thateach transaction is handled in a timely and stress free manner. By employing thesestandards, Graham has established a solid reputation for going the extra mile to puttogether the absolute best financing available for his clients. Graham prides himself onstaying ahead of the curve, keeping up to date with the latest products and industrytrends.As an active investor himself, Graham has a strong insight on what his investmentbuyers are looking for to accomplish their short and long term goals. Knowing thatinvestment loans strongly scrutinized, it is up Graham his team of underwriters whounderstands rental property loans versus that of an owner occupied residence. Hisgeneral knowledge of REO properties and Turnkey providers coupled with a strongoperational staff allow his loan closings to be seamless and “On Time Every Time”Highlands Residential Mortgage, LTD. is completely submerged in the real estateinvesting industry and has access to many lenders nationally. Our clients benefit fromup to date guidance on all conventional investor loan programs, and less knowncreative financing strategies. Knowing that an investment loan will be far morescrutinized, it is Graham Parham and his team of underwriters who understand a loanprocessed for a rental property versus that of an owner occupied residence.Just as you would not seek legal counsel from someone who does not have a lawdegree, nor should you trust a loan originator for your investment property loan fromsomeone that is not an investor themselves. Highlands Residential Mortgage, LTD. isan unparalleled mortgage lender whose delivery sets us apart!Graham Parham’s team mission is to consult every investor based on thoseindividualized situations and goals. Whether you are buying your first home orinvestment property, we carefully look at your options that will give you the bestopportunity for success. Because we know how important your investment financingstrategy is, our extensive research and knowledge of those programs will be broughtforward in educating you as an investor, throughout the lending process.“My goal is to continue assisting my clients for life and help them meet the ever-changing needs life throws our way!” See acast.com/privacy for privacy and opt-out information.
Article Link: Text “simple” to 314-665-1767 to download the Hui Google Drive files and the 2018 Rental Property Analyzer For a free electronic version of my bestselling book in 12+ categories text the word "ebook" to 587-317-6099. Please help the show by leaving a review: http://getpodcast.reviews/id/1118795347 Join the Hui Deal Pipeline Club! SimplePassiveCashflow.com/club Pardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math! ________Here are the Show Notes________ Erin Lowry is the author of Broke Millenial, a book about how to stop scraping by and start getting your financial life in order. She talks about how she learned about finances at a young age, how she gave up her dream school so she could live her dream life, and how living in New York inspired her to write her book, Broke Millenial. "Invest your spare change," may be a catchy line but you really can't invest your spare change to wealth. It has to be more than spare change. In the financial world, you are above nothing. Just because you have a college education doesn't mean that is your way out of financial difficulty. You also need to be prepared to take non-professional jobs or jobs that might be below you. Just like in any financial goal you have to figure out how to take a high level idea and break it down into smaller parts. Think of whatever your long term financial goals are and work backwards to break it down into something that is actually more achievable. A lot of people in their early twenties have beautiful,lofty dreams but no tangible steps on how to get themselves there. Podcasts are great sources of information. Saving is important but earning more is bigger. To earn more is a key part of building wealth. The biggest thing when it comes to feeling in control of your money is that you have to identify what you truly value. Don't allow other people to dictate where you should spend your money.
Article Link: Text “simple” to 314-665-1767 to download the Hui Google Drive files and the 2018 Rental Property Analyzer For a free electronic version of my bestselling book in 12+ categories text the word "ebook" to 587-317-6099. Please help the show by leaving a review: http://getpodcast.reviews/id/1118795347 Join the Hui Deal Pipeline Club! SimplePassiveCashflow.com/club Pardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math! ________Here are the Show Notes________ Erin Lowry is the author of Broke Millenial, a book about how to stop scraping by and start getting your financial life in order. She talks about how she learned about finances at a young age, how she gave up her dream school so she could live her dream life, and how living in New York inspired her to write her book, Broke Millenial. "Invest your spare change," may be a catchy line but you really can't invest your spare change to wealth. It has to be more than spare change. In the financial world, you are above nothing. Just because you have a college education doesn't mean that is your way out of financial difficulty. You also need to be prepared to take non-professional jobs or jobs that might be below you. Just like in any financial goal you have to figure out how to take a high-level idea and break it down into smaller parts. Think of whatever your long-term financial goals are and work backwards to break it down into something that is actually more achievable. A lot of people in their early twenties have beautiful, lofty dreams but no tangible steps on how to get themselves there. Podcasts are great sources of information. Saving is important but earning more is bigger. To earn more is a key part of building wealth. The biggest thing when it comes to feeling in control of your money is that you have to identify what you truly value. Don't allow other people to dictate where you should spend your money. See acast.com/privacy for privacy and opt-out information.
YouTube Link: https://youtu.be/rG5QlGF5so8 Article Link: Text “simple” to 314-665-1767 to download the Hui Google Drive files and the 2018 Rental Property Analyzer For a free electronic version of my bestselling book in 12+ categories text the word ""ebook"" to 587-317-6099. Please help the show by leaving a review: http://getpodcast.reviews/id/1118795347 Join the Hui Deal Pipeline Club! SimplePassiveCashflow.com/club Pardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math! ________Here are the Show Notes________ Just got back from FinCon2018! What's that? A pretty impressive event. Its where 2000 financial bloggers, you-tubers, and podcasts this year gathered around all this money. In 2006, I started reading financial blogs. Sole of my favorite was getrichslowly, Wallet Hacks, and of course mr money mustache. FinCon started in 2011 with just a couple hundred people. Real estate investing is a minority. 95% of people are debt adverse and about the 4% rule. Buying cash so so debt. Living small is selfish? Make 150k a year and retire when you are 35... The Millionaire Next Door book is not the type of lifestyle I would like to live. A lot of financial advisors which I don't really like. I am cool with how it is enough to be happy and content. Other Findings: New investment account that incorporates mobile interfaces and suto-AI. Mint app has click to invest and banking apps have click to refi. It’s a little dangerous. A cool 5% instant liquidity online savings bank that invests in inventory loans. Let me know and I can connect you with that as I try to do more due diligence on my own. Liberty health share - religious-based health insurance Side gigs - consistent theme from high performing growth mindset W2 employees who are not getting fulfillment at their bureaucratic day jobs. Interviews to follow in video... Please share this with friends because if you don't soon you won't have any friends to have mid-day lunch with when you not doing anything Interview 1: Michael - Financiallyalert.com Interview 2: Spendlessgreen.com Interview 3: Rocky from RicherSoul Podcast - http://richersoul.com/ep-0030-richer-soul-real-estate-mindsets-lane-kawaoka/ Interview 4: Alex - http://dailybs.com & nguonline.com
YouTube Link: https://youtu.be/rG5QlGF5so8Article Link: Text “simple” to 314-665-1767 to download the Hui Google Drive files and the 2018 Rental Property Analyzer For a free electronic version of my bestselling book in 12+ categories text the word "ebook" to 587-317-6099. Please help the show by leaving a review: http://getpodcast.reviews/id/1118795347 Join the Hui Deal Pipeline Club! SimplePassiveCashflow.com/club Pardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math! ________Here are the Show Notes________Just got back from FinCon2018!What's that?A pretty impressive event. Its where 2000 financial bloggers, you-tubers, and podcasts this year gathered around all this money.In 2006, I started reading financial blogs. Sole of my favorite was getrichslowly, Wallet Hacks, and of course mr money mustache. FinCon started in 2011 with just a couple hundred people.Real estate investing is a minority. 95% of people are debt adverse and about the 4% rule. Buying cash so so debt. Living small is selfish? Make 150k a year and retire when you are 35...The Millionaire Next Door book is not the type of lifestyle I would like to live.A lot of financial advisors which I don't really like.I am cool with how it is enough to be happy and content.Other Findings:New investment account that incorporates mobile interfaces and suto-AI. Mint app has click to invest and banking apps have click to refi. It’s a little dangerous.A cool 5% instant liquidity online savings bank that invests in inventory loans. Let me know and I can connect you with that as I try to do more due diligence on my own.Liberty health share - religious-based health insuranceSide gigs - consistent theme from high performing growth mindset W2 employees who are not getting fulfillment at their bureaucratic day jobs.Interviews to follow in video...Please share this with friends because if you don't soon you won't have any friends to have mid-day lunch with when you not doing anythingInterview 1: Michael - Financiallyalert.comInterview 2: Spendlessgreen.comInterview 3: Rocky from RicherSoul Podcast - http://richersoul.com/ep-0030-richer-soul-real-estate-mindsets-lane-kawaoka/Interview 4: Alex - http://dailybs.com & nguonline.com See acast.com/privacy for privacy and opt-out information.
YouTube Link: https://youtu.be/SkY5izkbkoQArticle Link: Text “simple” to 314-665-1767 to download the Hui Google Drive files and the 2018 Rental Property Analyzer For a free electronic version of my bestselling book in 12+ categories text the word "ebook" to 587-317-6099. Please help the show by leaving a review: http://getpodcast.reviews/id/1118795347 Join the Hui Deal Pipeline Club! SimplePassiveCashflow.com/club Pardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math! ________Here are the Show Notes________I worked with Matt's team way back when in 2014 buying turnkeys. Simplepassivecashflow.com/turnkey Since then it is interesting as times change how his strategy has changed.We just completed the last deal for an Mobile home park. Which is a little different than apartments.Please leave an iTunes review - Help fight negative one-star reviewEarning $30,000/mo through single-family homes and seller-financed notes.Epic Real Estate started selling turnkey properties in 2009. Built successful portfolio, but returns lowering. However, real estate always a good purchase to buy and hold long-term.Amortization, depreciation, appreciation, and leverage (wealth multiplier) all make real estate investing attractive.Focusing more on lease options now for C- and D-class properties to rent properties and eventually sell them to tenant.Went from 7-figure year as a musician to bankrupt at 34. Found real estate mentor at grocery store and life changed.Real estate is the final frontier for the average person to have a legitimate shot a creating wealth.Paid $22,000 for mentorship in 2006. Everyone thought it was insane, but helped him get started.People who made it were ready for it. "Move faster than your doubts."Find the deal first and then the money will find you.Authored book "Do Over" that chronicled struggles and how he built his real estate empire.Be intentional with who you surround yourself with. Peer pressure works.Always be looking for a coach and outgrow them. Results accelerator.Spends $100,000/year on masterminds - worth being around the right people of doers.Goal was to increase passive income and decrease expenses. In 4 years became "retired," but wants to be wealthy; not just financially independent.Bookkeeper should be the first role you should outsource. Transaction coordinators and marketing person also helpful.Hardest part of the business is to find the deal and get into contract. Visit www.epicrealestateinvesting.com to check out the Epic Real Estate Investing Podcast. See acast.com/privacy for privacy and opt-out information.
YouTube Link: https://youtu.be/SkY5izkbkoQ Article Link: Text “simple” to 314-665-1767 to download the Hui Google Drive files and the 2018 Rental Property Analyzer For a free electronic version of my bestselling book in 12+ categories text the word ""ebook"" to 587-317-6099. Please help the show by leaving a review: http://getpodcast.reviews/id/1118795347 Join the Hui Deal Pipeline Club! SimplePassiveCashflow.com/club Pardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math! ________Here are the Show Notes________ I worked with Matt's team way back when in 2014 buying turnkeys. Simplepassivecashflow.com/turnkey Since then it is interesting as times change how his strategy has changed. We just completed the last deal for an Mobile home park. Which is a little different than apartments. Please leave an iTunes review - Help fight negative one-star review
YouTube Link: https://youtu.be/vjMF0jYqpHg? sub_confirmation 1Article Link: Text “simple” to 314-665-1767 to download the Hui Google Drive files and the 2018 Rental Property Analyzer For a free electronic version of my bestselling book in 12+ categories text the word "ebook" to 587-317-6099. Please help the show by leaving a review: http://getpodcast.reviews/id/1118795347 Join the Hui Deal Pipeline Club! SimplePassiveCashflow.com/club Pardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math! ________Here are the Show Notes________SimplePassiveCashflow.com/qrpI have been having a lot of calls with listeners having exhausted their liquidity and have money in their 401K or IRA's still in Wall Street Investments.One of those ways to get the money out is via a QRP or Solo401K.Today's guest Damion Lupo with discussing - SimplePassiveCashflow.com/qrp to get a free copy of his bookI cashed out my 401k because I figured I was going to pay the taxes anyway and my tax load would be a lot higher in the future and I wanted access to my money before retirement age.Visit CrowdfundAloha.com - a website dedicated to helping hard-working middle-class people build real estate portfolios.$26 trillion in retirement plans. You have all sorts of money that can be tapped into, but fear holds you back.As an investor, Damion has purchased 150 houses in 7 states ($20 million portfolios).2008: went from $20 million to -$5 million. Had to start all over. Beyond money, find out your why. Read Simon Sinek "Find Your Why."Mission Statement: Free 1 million people from financial bondage.I.R.S takes 70% of the average person's money. The QRP (Qualified Retirement Plan): "The Ferrari of 401(k)'s."You probably haven't heard of QRP as Wall Street tends to control your stuff.QRP allows you invest in many real estate options (syndications, lands, rentals, apartments, commercial, international deals, HML, etc.).Total control, fixed fees, endless choices, and FAST with QRP v. Self-Directed IRA. 10X contributions and control with no custodian.SDIRA will lose 1/3 of profit as UDFI triggered. QRP - Roth has no UDFI - keep 100% profit. Can keep 401(k) at W-2 and sign up for QRP. Max contribution would be $55,000 in combined plans - $28,000 in the QRP.QRP can hold other non-real estate investments, such as gold, silver, Cryptocurrency, etc.Build-in credit line in a QRP. Up to $50K in cash. Investors, self-employed, and family members are all qualified.Properties you have or use right now cannot be placed moved in a QRP.To fund, can rollover any IRA, 401(k), +TSP, 403b, 457.66% people are worried about not having enough money for retirement.Free copy of QRP book at www.simplepassivecashflow.com/QRP See acast.com/privacy for privacy and opt-out information.
YouTube Link: https://youtu.be/vjMF0jYqpHg? sub_confirmation 1 Article Link: Text “simple” to 314-665-1767 to download the Hui Google Drive files and the 2018 Rental Property Analyzer For a free electronic version of my bestselling book in 12+ categories text the word ""ebook"" to 587-317-6099. Please help the show by leaving a review: http://getpodcast.reviews/id/1118795347 Join the Hui Deal Pipeline Club! SimplePassiveCashflow.com/club Pardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math! ________Here are the Show Notes________ SimplePassiveCashflow.com/qrp I have been having a lot of calls with listeners having exhausted their liquidity and have money in their 401K or IRA's still in Wall Street Investments. One of those ways to get the money out is via a QRP or Solo401K. Today's guest Damion Lupo with discussing - SimplePassiveCashflow.com/qrp to get a free copy of his book I cashed out my 401k because I figured I was going to pay the taxes
Article Link: Text “simple” to 314-665-1767 to download the Hui Google Drive files and the 2018 Rental Property Analyzer For a free electronic version of my bestselling book in 12+ categories text the word ""ebook"" to 587-317-6099. Please help the show by leaving a review: http://getpodcast.reviews/id/1118795347 Join the Hui Deal Pipeline Club! SimplePassiveCashflow.com/club Pardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math! ________Here are the Show Notes________ Estate planning Guests I have are giving insights but always hire your own person because these things require personalization I try to bring guests on and ask the questions that I think you folks would ask. I believe you need to have a basic level of knowledge before engaging with a professional For those of you who are in the Mastermind and my current investors you will hear about my Fort Knox strategy w
YouTube Link: https://youtu.be/zaHW3_OEU8Y? sub_confirmation 1Article Link: Text “simple” to 314-665-1767 to download the Hui Google Drive files and the 2018 Rental Property Analyzer For a free electronic version of my bestselling book in 12+ categories text the word "ebook" to 587-317-6099. Please help the show by leaving a review: http://getpodcast.reviews/id/1118795347 Join the Hui Deal Pipeline Club! SimplePassiveCashflow.com/club Pardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math! ________Here are the Show Notes________Estate planningGuests I have are giving insights but always hire your own person because these things require personalizationI try to bring guests on and ask the questions that I think you folks would ask. I believe you need to have a basic level of knowledge before engaging with a professionalFor those of you who are in the Mastermind and my current investors you will hear about my Fort Knox strategy which makes LLC enitites creation look like childs playEmail me any questions to feature on the next ask Lane podcast or monthly email newsletterAndrew L. Howell is the Co-Founder of the law firm, York Howell, with a focus on asset protection.Many useful tools out there, but where do you as an investor fall on the asset protection spectrum? Two fundamental risks: 1) Asset-based risks 2) Direct-based risksReal estate considered as "hot" assets because liability risks are greater - more than equity.Liabilities both inside and outside the asset.Typically form a holding company to hold limited liability companies to abate asset- and direct-based risks.Holding properties in one LLC basket is good, but still risks if something happens in one property.Concentrate on family protection first (trust, wills, etc.). Then move to next level of asset protection planning. If own property out-of-state, advise on setting up a parent LLC in states with charging-order protection.Tough LLC rules and taxes for poor California residents!Need to do your due diligence on reviewing PPM's - especially who you are doing business with.Asset does not create liability risk for LP's; only GP's.If you get personally sued, can go after your MFH syndications and other assets even as LP.6% of current generation feels obligated to give back to kids. Instead of giving, create a bank. Create purpose when setting up your trust.Please reach out to teamandrew@yorkhowell.com and visit www.yorkhowell.com. See acast.com/privacy for privacy and opt-out information.
YouTube Link: https://youtu.be/lvd9F9OmDI0? sub_confirmation 1Article Link: Text “simple” to 314-665-1767 to download the Hui Google Drive files and the 2018 Rental Property Analyzer For a free electronic version of my bestselling book in 12+ categories text the word "ebook" to 587-317-6099. Please help the show by leaving a review: http://getpodcast.reviews/id/1118795347 Join the Hui Deal Pipeline Club! SimplePassiveCashflow.com/club Pardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math! ________Here are the Show Notes________Jake and Gino have a great podcast and definaetly fit in the category as guys who are growing and doing things rightLet’s work together to redirect money from the Wall-Street casinos and corrupt financial institutions…To help the endangered ‘Middle Class’ savers find safer, more profitable investments in Main Street opportunities benefiting local communities. Join Hui Deal Pipeline Club and check out the sSimplePassiveCashflow.co/missionGino Barbaro from Jackandgino.com who focuses on MFH real estate.Group owns 848 units valued at >$50 million. Expecting to go up this year. Took 5 years to get $25K-30K/month in passive cash flow. Fumbling around in the beginning with smaller cash flow amounts, but snowballs over time.Came from the corporate world to managing a family restaurant. 2008 transitioned to real estate to make better use of time outside of the kitchen.Highly recommend reading "The E-Myth" by Michael Gerber. Need a visionary, manager, and technician for any business.Believes you need a Connector, Executer, and the Backbone. Can't do all 3 - pick 1 or 2 and hire out.95% of blocks are internal. The rest are external. So, focusing on resolving limiting beliefs and get a life coach.Google Tony Robbin's 6 human needs. Have to continue to grow and contribute in a large way.Relocated to Florida and aiming to obtain $40K/month by end of this year.Have lifestyle work for his business; not his business work for his lifestyle.Becoming more efficient by hiring a VA and Digital Marketer for jackandgino.com. Wants to spread content and message; not work on menial tasks.Focus on 1 or 2 niches for real estate and become an expert at it. MFH has more barrier-to-entry v. stocks, crytocurrencies, etc. The more people in it, the less profit margin there will be.Share weekly successes. It's not bragging, it inspires people and surround yourself with the right people. Be present in the moment. When you're at work, with family, etc. focus on dealing with that situation.Visit www.jackandgino.com. Also on FB, LinkedIn, Twitter, and Instagram. E-mail works too: gino@jackandgino.com. See acast.com/privacy for privacy and opt-out information.
Article Link: Text “simple” to 314-665-1767 to download the Hui Google Drive files and the 2018 Rental Property Analyzer For a free electronic version of my bestselling book in 12+ categories text the word ""ebook"" to 587-317-6099. Please help the show by leaving a review: http://getpodcast.reviews/id/1118795347 Join the Hui Deal Pipeline Club! SimplePassiveCashflow.com/club Pardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math! ________Here are the Show Notes________ Jake and Gino have a great podcast and definaetly fit in the category as guys who are growing and doing things right Let’s work together to redirect money from the Wall-Street casinos and corrupt financial institutions…To help the endangered ‘Middle Class’ savers find safer, more profitable investments in Main Street opportunities benefiting local communities. Join Hui Deal Pipeline Club and check out the SimplePassiveCashflow.co/mission
Article Link: Text “simple” to 314-665-1767 to download the Hui Google Drive files and the 2018 Rental Property Analyzer For a free electronic version of my bestselling book in 12+ categories text the word ""ebook"" to 587-317-6099. Please help the show by leaving a review: http://getpodcast.reviews/id/1118795347 Join the Hui Deal Pipeline Club! SimplePassiveCashflow.com/club Pardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math! ________Here are the Show Notes________ Went on normal path. Got a job after college, house, and fixated on paying off student loans. Aggressively paid down student loans, but motivated by people who retired early. 5 years ago, both quit their jobs, traveling, raising family, and living their dream. Ruthlessly slashed expenses and saved 70-80% after-tax income. Max contributed to 401K, IRA, HSA, and after-tax accounts. Short-term joy = trading years of financial-free opportunity. Actively chose lifestyle.
YouTube Link: https://youtu.be/3NQ0agjuxXY? sub_confirmation 1Article Link: Text “simple” to 314-665-1767 to download the Hui Google Drive files and the 2018 Rental Property AnalyzerFor a free electronic version of my bestselling book in 12+ categories text the word ""ebook"" to 587-317-6099.Please help the show by leaving a review: http://getpodcast.reviews/id/1118795347Join the Hui Deal Pipeline Club! SimplePassiveCashflow.com/clubPardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math!________Here are the Show Notes________Went on normal path. Got a job after college, house, and fixated on paying off student loans.Aggressively paid down student loans, but motivated by people who retired early.5 years ago, both quit their jobs, traveling, raising family, and living their dream.Ruthlessly slashed expenses and saved 70-80% after-tax income.Max contributed to 401K, IRA, HSA, and after-tax accounts.Short-term joy = trading years of financial-free opportunity.Actively chose lifestyle. Traveled internationally by arbitraging where they lived with low living expenses.Didn't listen to mainstream advice of owning home. Choosing a renters lifestyle to not get ""stuck.""Both have blogs and garnered new friendships; not the ""Seattle Chill.""Finances on auto-pilot. Can work on growing family in Taipei and doing creative things they did during childhood.Two types of things preventing people from being financially-free: Afraid to take leap to be financial-free and long-term goals to strive towards.People don't change minds because you provided info to them; they change when they're ready.Visit www.gocurrycracker.com and social media accounts on FB, Instagram." See acast.com/privacy for privacy and opt-out information.
YouTube Link: https://youtu.be/-ENcRI2LhuA? sub_confirmation 1Article Link: Text “simple” to 314-665-1767 to download the Hui Google Drive files and the 2018 Rental Property Analyzer For a free electronic version of my bestselling book in 12+ categories text the word "ebook" to 587-317-6099. Please help the show by leaving a review: http://getpodcast.reviews/id/1118795347 Join the Hui Deal Pipeline Club! SimplePassiveCashflow.com/club Pardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math! ________Here are the Show Notes________Brian Hamrick is from Rental Property Owners Association (RPOA) and runs Rental Property Owner and Real Estate Investor Podcast.Currently owns 380 units, which cash flow makes 50% of W2 job salary.Paydays not only about cash flow. Cash out refi and syndication benefits once and twice a year exceed W2 job salary.Was sitting on cash waiting for next downturn. However, in past year, became a silent investor in commercial property, a NPN, and a self-storage facility.Expects rents to plateau in future, but not to 2008 levels.Started off investing in high-load tech funds, but bubble burst in early 2000's and stocks tanked.Rich Dad, Poor Dad inspired Brian to begin investing in real estate and obtain more control. California is cash-flow negative market, so looked at positive cash-flowing out-of-state markets.Transitioned to multi-family investing in 2008 for better scalability and profitability. As passive investor, focusing on leveraging partners' strengths for new passive investments.Down the road, looking at developing the "missing middle" properties (small MFH 2-10 units). Visit www.higinvestor.com to get in touch with Brian. See acast.com/privacy for privacy and opt-out information.
YouTube Link: ? sub_confirmation 1 Article Link: Text “simple” to 314-665-1767 to download the Hui Google Drive files and the 2018 Rental Property Analyzer For a free electronic version of my bestselling book in 12+ categories text the word "ebook" to 587-317-6099. Please help the show by leaving a review: http://getpodcast.reviews/id/1118795347 Join the Hui Deal Pipeline Club! SimplePassiveCashflow.com/club Pardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math! ________Here are the Show Notes________ Just got back from Korea after my first vacation for the year. I wrote an article that you can get access by signing up for the monthly newsletter or via the Hui Deal Pipeline club. Monthly updates and what I’m doing in my own investing Podcasts have been piling up and I realized the need to add some context to the introductions to highlight important items to look out for. Also to call out opinions I don’t really believe in.
Article Link: Text “simple” to 314-665-1767 to download the Hui Google Drive files and the 2018 Rental Property Analyzer For a free electronic version of my bestselling book in 12+ categories text the word "ebook" to 587-317-6099. Please help the show by leaving a review: http://getpodcast.reviews/id/1118795347 Join the Hui Deal Pipeline Club! SimplePassiveCashflow.com/club Pardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math! ________Here are the Show Notes________Just got back from Korea after my first vacation for the year. I wrote an article that you can get access by signing up for the monthly newsletter or via the Hui Deal Pipeline club.Monthly updates and what I’m doing in my own investingPodcasts have been piling up and I realized the need to add some context to the introductions to highlight important items to look out for. Also to call out opinions I don’t really believe in.This podcast I had Brent Southerland what is a CFP but not one of those other quacks who get paid on commision and try to stuff you in whatever is most convenient or biggest paycheck for yourself.SimplePassiveCashflow.com/fpEnjoy and remember to go to SimplePassiveCashflow.com/club to join our investment clubBrent Sutherland is a CERTIFIED FINANCIAL PLANNER™ practitioner, with over 11 years experience in financial services. With stops in the corporate accounting and investment world, and now the boutique financial planning arena Brent has witnessed, firsthand, how the financial services industry has fashioned itself into an overly complex machine in an effort to cause confusion, encourage mistakes, and justify fees; all to better benefit its own bottom line. He believes there is a strong correlation between financial noise and financial mistakes which further delay one's personal financial success.Therefore, his objective is to help individuals turn off the noise and challenge the traditional approach to financial planning and thinking. In his experience as a financial advisor and personal finance enthusiast (+ early retirement advocate + semi-minimalist + real estate investor), Brent has found that most often the simplest solutions and some outside the box thinking will better help individuals on their way towards sitting firmly in the driver's seat of their own financial world.Why don't financial advisors advocate for real estate investing?Primary = Compensation conflicts of interestSecondary = Lack of education, so pose it as a risky assetSecondary = ERISA and how mutual funds came about with employer-sponsored 401kHow do FA make money? Similar to MLM? -- (Is this short for multi-level marketing?)Can tie this into the first topic above (compensation conflict, which is a primary reason why FA’s don’t discuss real estate investing)Hidden fees in even low got mutual funds?Transaction fees, Management fees (can be tiered based on assets), Loads (front-end, back-end), 12-b1 feesWhat tricks do FA use?Use of traditional planning items related to portfolio to justify: “security”, “diversification”Use of confusion terms related to portfolio to justify fees: “alpha”, “sharpe ratio”Use of graphics that show market returns (absent fees), but fail to discuss emotional impact on client and true returns normally witnessedThe importance of income diversification over portfolio diversificationIncome diversification protects against big risks: loss of job, market crash, injuryPortfolio diversification is important, but is a secondary risk. Savings is even more important.Why are paper assets more risky than hard assets?Always going to be demand for hard assets, especially real estate (living, production)Population trends are growing at an exponential rate, land and resources are notYou have more control over real estate; meanwhile the stock market is out of your handsWhy passive cash flow betters your odds of financial independenceGets you to the point where you’re truly secure and can have peace of mind. Not worried about your boss/job, and not worried about things going on the the world, country, state (etc) economies that are out of your control. You become the boss of your personal economy.Talk about your personal transition to direct ownership in Real estate and recovering from the lies?Seeing it work for other people, educating myself (independent of my traditional “education”), and finally making the move to buy my first property (after some analysis paralysis and fear)Proper planning techniques to access money tied up in your retirement accounts.First know the rules involved (traditional IRA/401k versus Roth IRA/401k), as you don’t want to just hand a big chunk to Uncle Sam in form of taxes and fees.Impact of cashing out plansStrategies to more efficiently free up that money and keeping more in your pocket (Roth conversions, Substantially Equal Periodic Payments (IRS Code 72t))What to look for in a FA?Want someone who is fee-only (hourly or per service) and planning focused. Someone who is focused solely on managing your money for a % fee is going to always have a biased interest in moving you towards a liquid/paper portfolio).Find someone who lines up with your values and interests. Never be afraid to interview multiple people and ask tough questions. Advisor should have conviction in what they do.Understand that a financial planner can be very valuable, as there is much more to financial planning than how you invest your money (insurance, estate, education needs all need to work in harmony with an investment plan to best meet a person’s financial goals), but imperative that that financial planner is on the same page as you.brent@ntellivest.com See acast.com/privacy for privacy and opt-out information.
YouTube Link: https://youtu.be/1N3wBAwPrfw? sub_confirmation 1 Article Link: Text “simple” to 314-665-1767 to download the Hui Google Drive files and the 2018 Rental Property Analyzer For a free electronic version of my bestselling book in 12+ categories text the word "ebook" to 587-317-6099. Please help the show by leaving a review: http://getpodcast.reviews/id/1118795347 Join the Hui Deal Pipeline Club! SimplePassiveCashflow.com/club Pardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math! ________Here are the Show Notes________Partner with Multi-family Home (MFH) students to close first MFH deals.Passive Income became attractive after reading Rich Dad, Poor Dad.Opened pizza restaurants without mentor and lost 95% of net worth after 5 years.Realize can raise money for Real Estate. Flipped 30 houses in 2 1/2 year but still active work.Received passive mailbox money for first apartment in 2011 and never turned back.Combination of doing MFH deals and teaching/helping others is fulfilling.Stop being a drifter. Drifting keeps us from living an intentional life. Ongoing experiment to scale business while not lacking quality of deal.Transition from being focused on generating money to helping people become financial-free.Do first MFH deal and reduce living expenses to quit W-2 job. Momentum will build in subsequent deals. But first deal is always hardest.At peace with things out of your control.Be sensitive to where your business is to make right investments, such as virtual assistants, salary employees, etc.Smaller apartment deals (duplex) will kick off law of first deal. Don't need $30K to do first deal. Spend on education and raise capital and/or find deals in this seller's market.Controlling time is most important resource. Don't put ladder on wrong building. Visit www.themichaelblank.com to download free ebook about raising money for MFH apartments. See acast.com/privacy for privacy and opt-out information.
"YouTube Link: ? sub_confirmation 1 Article Link: Text “simple” to 314-665-1767 to download the Hui Google Drive files and the 2018 Rental Property Analyzer For a free electronic version of my bestselling book in 12+ categories text the word ""ebook"" to 587-317-6099. Please help the show by leaving a review: http://getpodcast.reviews/id/1118795347 Join the Hui Deal Pipeline Club! SimplePassiveCashflow.com/club Pardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math! ________Here are the Show Notes________ Partner with Multi-family Home (MFH) students to close first MFH deals. Passive Income became attractive after reading Rich Dad, Poor Dad. Opened pizza restaurants without mentor and lost 95% of net worth after 5 years. Realize can raise money for Real Estate. Flipped 30 houses in 2 1/2 year but still active work. Received passive mailbox money for first apartment in 2011 and never turned back. Combination of doing MFH deals and teaching/helpi
Article Link: Text “simple” to 314-665-1767 to download the Hui Google Drive files and the 2018 Rental Property Analyzer For a free electronic version of my bestselling book in 12+ categories text the word ""ebook"" to 587-317-6099. Please help the show by leaving a review: http://getpodcast.reviews/id/1118795347 Join the Hui Deal Pipeline Club! SimplePassiveCashflow.com/club Pardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math! ________Here are the Show Notes________Own an appreciated hard asset of half-acre turnkey coffee parcel titled under your name for less than $20K. Average annual return (IRR) +10% (proforma) calculated over 20 year period. Experienced operators including David Sewell all live in Panama and professionally manage coffee farms.$90 billion industry annual that is sustainable and growing demand with limited and declining supply worldwide.ICFC founded in Panama in 2014. Own and operate 10 specialty coffee farms in Boquete area.BCC in Belize founded in 2016. 3 fine flavor cacao farms. Just like wholesaling - except tenants are tree! Buy underperforming property, add value, and get investors to be a part of it. Gain legacy income with minimum of 5-7 year investment - preferably longer to mature and ""harvest"" extra rewards. International real estate, in your own name, is not reportable under FBAR or FATCA regulations. Asset does not currently require reporting to US government.ICFC reserves 20% of farm operating profits to provide bonus pool and improve lives of impoverished coffee farmers in Panama.3 group coffee farm tours every year (March, July, and November). Visit www.simplepassivecashflow.com/coffee for more pics/videos. E-mail Lane@simplepassivecashflow.com for special pricing. See acast.com/privacy for privacy and opt-out information.
YouTube Link: https://youtu.be/_q1CV--qhBg? sub_confirmation 1Article Link: http://simplepassivecashflow.com/119-dissecting-recent-insurance-claims-ed-babtkis/Text “simple” to 314-665-1767 to download the Hui Google Drive files and the 2018 Rental Property AnalyzerFor a free electronic version of my bestselling book in 12+ categories text the word "ebook" to 587-317-6099. Please help the show by leaving a review: http://getpodcast.reviews/id/1118795347Join the Hui Deal Pipeline Club! SimplePassiveCashflow.com/clubPardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math!________Here are the Show Notes________Revisit Episode 38 for insurance fundamentals. Two recent claims broke the straw on the camel's back for single-family homes.Water claims has a lot of denials and payments. If homes built in 1920-1960 and pipes haven't been touched, chances are pipes are leaking. Leaking --> cracked pipe --> pipes burst. If property vacant, pipe leaking, and in cold weather environment, house needs to be "winterized."Establish pre-existing condition by taking before and after photos - especially if pipes in good condition when you purchase.Defining cause of damage always murky.Recoverable Depreciation = amount of money you get as long as you do the work.Tenant in Episode 80 went AWOL and trifecta of theft, vandalism and maliciousness mischief.After before and after pictures, frame claim with timeline of problems - ensures claim happened during policy period.Ed runs Ross Diversified and insures nationally, such as investment properties, NPN, foreclosures, fix-and-flips, and more.Best way to contact Ross Diversified: 1-800-210-7677 and/or Bruce Young at byoung@ross2.com. See acast.com/privacy for privacy and opt-out information.
Text “simple” to 314-665-1767 to download the Hui Google Drive files and the 2018 Rental Property Analyzer For a free electronic version of my bestselling book in 12+ categories text the word ""ebook"" to 587-317-6099. Please help the show by leaving a review: http://getpodcast.reviews/id/1118795347 Join the Hui Deal Pipeline Club! SimplePassiveCashflow.com/club Pardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math! ________Here are the Show Notes________ Revisit Episode 38 for insurance fundamentals. Two recent claims broke the straw on the camel's back for single-family homes. Water claims has a lot of denials and payments. If homes built in 1920-1960 and pipes haven't been touched, chances are pipes are leaking. Leaking --> cracked pipe --> pipes burst. If property vacant, pipe leaking, and in cold weather environment, house needs to be ""winterized."" Establish pre-existing condition by
YouTube Link: https://youtu.be/AxTwDVoAPNg? sub_confirmation 1 Article Link: http://simplepassivecashflow.com/118-interview-nick-loper-side-hustle-nation/ Text “simple” to 314-665-1767 to download the Hui Google Drive files and the 2018 Rental Property Analyzer For a free electronic version of my bestselling book in 12+ categories text the word "ebook" to 587-317-6099. Please help the show by leaving a review: http://getpodcast.reviews/id/1118795347 Join the Hui Deal Pipeline Club! SimplePassiveCashflow.com/club Pardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math! ________Here are the Show Notes________ Started side hustling with footwear comparison shopping website while working in Corporate America. Some projects worked; some didn't. Side Hustle Nation blog and podcast still exists and going strong. Stuck on bottom rung of Fortune 50 company with no direct results to effort you put in. "Hustle Time" after 9-5 and weekends. Prioritize one thing f
118 - Interview with Nick Loper - Side Hustle NationText “simple” to 314-665-1767 to download the Hui Google Drive files and the 2018 Rental Property AnalyzerFor a free electronic version of my bestselling book in 12+ categories text the word "ebook" to 587-317-6099. Please help the show by leaving a review: http://getpodcast.reviews/id/1118795347Join the Hui Deal Pipeline Club! SimplePassiveCashflow.com/clubPardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math!________Here are the Show Notes________Started side hustling with footwear comparison shopping website while working in Corporate America.Some projects worked; some didn't. Side Hustle Nation blog and podcast still exists and going strong. Stuck on bottom rung of Fortune 50 company with no direct results to effort you put in."Hustle Time" after 9-5 and weekends. Prioritize one thing for your business that is proactive accomplish it the next day before going into reactive mode. Set up "Theme Days" to be more efficient. Listening to radio is a waste of time. Used audiobooks and podcasts as own coaching.Accountability from peer and mastermind groups keeps you hustling.Purchasing a rental is an accepted, passive side hustle you can likely be public about.Side hustles weren't huge secrets. 44 million Americans have income on the side anyway.Real Estate Investing at moment are through REITs, Fundrise, Peerstreet. Focus on what you know and willing to do.Need to start side hustle and business to get bigger returns v. real estate investing. Visit www.sidehustlenation.com. For part-time ideas, visit www.sidehustlenation.com/ideas. See acast.com/privacy for privacy and opt-out information.
YouTube Link: https://youtu.be/LOORnE1rWFk? sub_confirmation 1 Text “simple” to 314-665-1767 to download the Hui Google Drive files and the 2018 Rental Property Analyzer For a free electronic version of my bestselling book in 12+ categories text the word ""ebook"" to 587-317-6099. Please help the show by leaving a review: http://getpodcast.reviews/id/1118795347 Join the Hui Deal Pipeline Club! SimplePassiveCashflow.com/club Pardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math! ________Here are the Show Notes________ Different types of Assisting living The boutique ALF method How Loe got started investing 10 percent higher than average rents of 5500 a month in TX ALF business plans How to find a home for mom and dad Find Loe at http://thesageoak.com/
YouTube Link: https://youtu.be/LOORnE1rWFk? sub_confirmation 1Text “simple” to 314-665-1767 to download the Hui Google Drive files and the 2018 Rental Property AnalyzerFor a free electronic version of my bestselling book in 12+ categories text the word "ebook" to 587-317-6099. Please help the show by leaving a review: http://getpodcast.reviews/id/1118795347Join the Hui Deal Pipeline Club! SimplePassiveCashflow.com/clubPardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math!________Here are the Show Notes________Different types of Assisting livingThe boutique ALF methodHow Loe got started investing10 percent higher than average rents of 5500 a month in TXALF business plansHow to find a home for mom and dadFind Loe at http://thesageoak.com/ See acast.com/privacy for privacy and opt-out information.
YouTube Link: https://youtu.be/4K4VFnGpfJo? sub_confirmation 1Text “simple” to 314-665-1767 to download the Hui Google Drive files and the 2018 Rental Property AnalyzerFor a free electronic version of my bestselling book in 12+ categories text the word "ebook" to 587-317-6099.Please help the show by leaving a review: http://getpodcast.reviews/id/1118795347Join the Hui Deal Pipeline Club! SimplePassiveCashflow.com/clubPardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math!________Here are the Show Notes________Jay Papasan is a bestselling author, vice president and executive editor at Keller Williams Realty International, and co-owner, alongside his wife Wendy, of the Papasan Properties Group in Austin, Texas. His most recent work with Gary Keller on The ONE Thing has garnered more than 200 appearances on national bestseller lists including #1 on the Wall Street Journal bestseller list. Before joining Keller Williams Realty, Jay served as an editor at HarperCollins Publishers, where he worked on such bestselling books as Body-for-Life by Bill Phillips and Go for the Goal by Mia Hamm.Jay serves as Gary Keller’s co-author and executive editor on best-selling titles including: The Millionaire Real Estate Agent, The Millionaire Real Estate Investor, SHIFT: How Top Real Estate Agents Tackle Tough Times, FLIP: How to Find, Fix, and Sell Houses for Profit,HOLD: How to Find, Buy, and Rent Houses for Wealth, and The ONE Thing: The Surprisingly Simple Truth Behind Extraordinary Results. He also co-authored SHIFT Commercial.Best investing books Simplepassivecashflow.com/booksThe domino theory - momentum18-25% total return for SFHStart small - and go small first fastCo pairing tasksFocusing question - what is the one thing I can do that will make everything else go away411 - annual goalsWork a maze backwards - begin with the end in mindCounter balance not balancedWhen do you stop pushing and start living?Don't buy your primary residenceInvolving your spouse See acast.com/privacy for privacy and opt-out information.
YouTube Link: https://youtu.be/4K4VFnGpfJo? sub_confirmation 1 Text “simple” to 314-665-1767 to download the Hui Google Drive files and the 2018 Rental Property Analyzer For a free electronic version of my bestselling book in 12+ categories text the word "ebook" to 587-317-6099. Please help the show by leaving a review: http://getpodcast.reviews/id/1118795347 Join the Hui Deal Pipeline Club! SimplePassiveCashflow.com/club Pardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math! ________Here are the Show Notes________ Jay Papasan is a bestselling author, vice president and executive editor at Keller Williams Realty International, and co-owner, alongside his wife Wendy, of the Papasan Properties Group in Austin, Texas. His most recent work with Gary Keller on The ONE Thing has garnered more than 200 appearances on national bestseller lists including #1 on the Wall Street Journal bestseller list. Before joining Keller Williams Realt
"YouTube Link: https://youtu.be/p21dQOPwYYk? sub_confirmation 1 Text “simple” to 314-665-1767 to download the Hui Google Drive files and the 2018 Rental Property Analyzer For a free electronic version of my bestselling book in 12+ categories text the word ""ebook"" to 587-317-6099. Please help the show by leaving a review: http://getpodcast.reviews/id/1118795347 Join the Hui Deal Pipeline Club! SimplePassiveCashflow.com/club Pardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math! ________Here are the Show Notes________ Aside from blog, owns 15 rental properties in Northern Colorado generating $7K/mo passive income. Harder to cash flow around Denver. Looking out-of-state. Since Sept 2015, has not purchased new SFH. Focusing on commercial, flipping, which was best use of time. Always demand for low-end flips (less risk v. high-end). Write own goals, don't rely on other people, and think differently to develop himself. Don't C.E.F. - especially if you
Text “simple” to 314-665-1767 to download the Hui Google Drive files and the 2018 Rental Property AnalyzerFor a free electronic version of my bestselling book in 12+ categories text the word "ebook" to 587-317-6099. Please help the show by leaving a review: http://getpodcast.reviews/id/1118795347Join the Hui Deal Pipeline Club! SimplePassiveCashflow.com/clubPardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math!________Here are the Show Notes________Aside from blog, owns 15 rental properties in Northern Colorado generating $7K/mo passive income.Harder to cash flow around Denver. Looking out-of-state.Since Sept 2015, has not purchased new SFH. Focusing on commercial, flipping, which was best use of time.Always demand for low-end flips (less risk v. high-end).Write own goals, don't rely on other people, and think differently to develop himself.Don't C.E.F. - especially if you're not a contractor.Some opportunities in purchasing primary residential properties, but not going to stay there forever.If you want to be creator and sell houses full-time, get a real estate license. If part-time, not really recommeneded unless you own a couple properties already and can expend time.Goals for more passive income ($100k/mo) and freedom = happy. Change your mindset and try. Otherwise, you're stuck where you are (ex: frugal). What's your motivation and dreams?Let people drink their haterade.Tough to let go, but happier to save time by hiring out on blog, website, e-mail, property management, etc. Not a tech-savvy guy, but build blog and all that SEO!Wished more good people to hire directly instead of 3rd parties.Don't force yourself to buy something - especially in a sellers market. Are you taking action that's getting closer to your goals or treading water? Take time for yourself.Always lot of stuff to do, but don't stress about it. A couple mistakes or not getting things done will not ruin you. First blog comment was fulfilling. Drives motivation on how to help give back to others. Check out www.investfourmore.com and podcast. 453 articles and 117 podcasts. Contact info: Mark@investfourmore.com See acast.com/privacy for privacy and opt-out information.
YouTube Link: https://youtu.be/KrOhA6xv6rc? sub_confirmation 1Text “simple” to 314-665-1767 to download the Hui Google Drive files and the 2018 Rental Property AnalyzerFor a free electronic version of my bestselling book in 12+ categories text the word "ebook" to 587-317-6099. Please help the show by leaving a review: http://getpodcast.reviews/id/1118795347Join the Hui Deal Pipeline Club! SimplePassiveCashflow.com/clubPardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math!________Here are the Show Notes________Income has a capBought first house at 21Take business profits into buy and hold rentalsSay out of Seattle Mount Vernon WATell the agent in super simple termsComments on meetupsShould i get started now? See acast.com/privacy for privacy and opt-out information.
YouTube Link: https://youtu.be/KrOhA6xv6rc? sub_confirmation 1 Text “simple” to 314-665-1767 to download the Hui Google Drive files and the 2018 Rental Property Analyzer For a free electronic version of my bestselling book in 12+ categories text the word "ebook" to 587-317-6099. Please help the show by leaving a review: http://getpodcast.reviews/id/1118795347 Join the Hui Deal Pipeline Club! SimplePassiveCashflow.com/club Pardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math! ________Here are the Show Notes________ Income has a cap Bought first house at 21 Take business profits into buy and hold rentals Say out of Seattle Mount Vernon WA Tell the agent in super simple terms Comments on meetups Should i get started now?
Simplepassivecashflow.com/buckText “simple” to 314-665-1767 to download the Hui Google Drive files and the 2018 Rental Property AnalyzerFor a free electronic version of my bestselling book in 12+ categories text the word "ebook" to 587-317-6099. Please help the show by leaving a review: http://getpodcast.reviews/id/1118795347Join the Hui Deal Pipeline Club! SimplePassiveCashflow.com/clubPardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math!________Here are the Show Notes________We heard you on podcast 17 and you told your story - http://simplepassivecashflow.com/podcast-17-serial-entrepreneur-dr-buck-joffery-wealthformula-podcast/Hearing your story high paid doctor. Describe yourself as an employee?Great butt kisser Lane’s getting fired storySo you were fired what gave you the security to not go back?Lane’s getting fired storyhttp://richhabits.net/catastrophes-reveal-inner-greatness/?mc_cid=610082b2da&mc_eid=a129173ca3Why professionals are trained to go through the systemThe two excuses why not to leave the professional systemWealth formula - Mass (money) x Velocity (Leverage) = wealthYou need to make money What happen to assisted living project? Taking shots and trying things out? Where is the transition point from taking singles to going to homers?We are talking about Jorge from Simplepassivecashflow.com/ahpSPC listeners are usual creatures. Get me in a room with a bunch of W2 workers talking about their frequent flier miles and their cars and I'm completely turned off. What are your thoughts on coping with this?What are some ways you teach the entrepreneurial spirit with your kids?What if they just want to work for the man or do peace corps?Simplepassivecashflow.com/buck to get the free 1-hour coaching offer from Buck. -----------------------------------------------------Our worst W2 moments which were our Han Solo MomentsHow to make it as a medical professional? - Kiss Butt
Text “simple” to 314-665-1767 to download the Hui Google Drive files and the 2018 Rental Property AnalyzerFor a free electronic version of my bestselling book in 12+ categories text the word "ebook" to 587-317-6099.Please help the show by leaving a review: http://getpodcast.reviews/id/1118795347Join the Hui Deal Pipeline Club! SimplePassiveCashflow.com/clubPardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math!________Here are the Show Notes________The two biggest enemy of success is fear.It inhibits you from taking action. And nothing happens without that.Fear, never goes away, no matter how successful you become. Same thing is said about CrossFit workouts… they never get easier. You just plateau to a new level of suck.The same fear exists for the successful, why don’t they hold them back from taking action?It made me push to busy my first out of state rental in Birmingham from Seattle, sell my Seattle rentals to 1031 into a dozen out of state properties, and lately moving toward a portfolio of syndicated private placements. I don’t know what’s next?Successful people simply make a habit of taking action, despite the fear. They have gained the habit/muscle or mental six pack of taking action.By taking action do you gain the experiences of facing obstacles and overcoming them, facing mistakes and learning from them, taking risks and surviving failure. Gained muscle or even a crazy mental eight pack. You draw upon these experience in times of hardship or difficulty.Obstacles always change but your ability and track record to move around it is what is most important. When we evaluate people to work with Track-record is always important. Obvious we want to work with someone who is proven but realistically every situation in the future will be different and we are really looking for someone who can deliver despite the obstacles. We are not looking for who is a genius (although it helps) or even with some competitive advantage but mostly good character and ability to overcome obstacles… dare I say turn obstacles to opportunities.There are a couple leads that have had touch times in their deals lately due to circumstances outside their control. What I know of their mindset is that they are freaking resilient that they will overcome the obstacles.When crap happens we want say:“we’ve faced a similar uncertainty before and this was the mistake we made and need to avoid”“we’ve taken a similar risk before and we survived”Do not mistaken brazen courage with competence/confidence. There are a lot of people who fake it till they make it.Risk: If you are in aware of the risks and rewards (mentor/stage 3 of 4 of learning) then take the most risk as possible. The Shape ratio theory that I believe in that the more risk you take the more reward you get exponentially. Therefore take as much risk as you can to capitalize on the most reward. BUT… huge caveat here… only take the most risk that you are willing to take that if the worse that can happen you can live with.This is why I don’t skydive.This is why I stick primarily to non-recourse deals where the apartment is stabilized.proxy service: http://kproxy.com/ Once you have gone through the majority of podcasts feel free to sign up for a chat - Also to get into my projects please setup a call because we need to have a pre-existing relationship.Setup a call here: https://calendly.com/simplepassivecashflow/20/SimplePassiveCashflow.com is for working professionals who are looking for diversification and better returns outside of traditional investments such as mutual funds and stocks. Check out my Free Resources Below:1) The Hui Deal Pipeline Club is a free investor club where I filter investments and underwrite the numbers and partners myself.. Unlike other investor lists and groups, my investors have personal access to me and know that I personally have skin in the game investing alongside with my investors. Make sure you sign up for my Hui Deal Pipeline Club to get sent the deals I come across:Simplepassivecashflow.com/clubMastermind Club: If you or someone you refer invests at least $50K into one of my future deals you will be invited to my exclusive Ali'i Mastermind with other 12-20 other serious investors to discuss deals and our own portfolios. For more details: SimplePassiveCashflow.com/mastermind 2) Join a Social Club: Seattle: https://www.facebook.com/groups/SPCHUISEA/ Hawaii: https://www.facebook.com/groups/SPCHUI808/ Portland: https://www.facebook.com/groups/SPCHUIPDX/ Bay Area: https://www.facebook.com/groups/SPCHUIBAY/ So Cal: https://www.facebook.com/groups/SPCHUISOCAL/ East Coast: https://www.facebook.com/groups/SPCHUIEAS/ Central USA: https://www.facebook.com/groups/SPCHUICUS/ 3) Subscribe to my podcast on iTunes or Google Play. Google Android Phones: https://playmusic.app.goo.gl/?ibi=com.google.PlayMusic&isi=691797987&ius=googleplaymusic&apn=com.google.android.music&link=https://play.google.com/music/m/Iizwgws56nif7jllsr5zqk74gh4?t%3DSimple_Passive_Cashflow_Podcast%26pcampaignid%3DMKT-na-all-co-pr-mu-pod-16Apple iPhone: https://itunes.apple.com/us/podcast/simple-passive-cashflow-podcast/id1118795347?mt=2Youtube: https://www.youtube.com/channel/UC3cIIsGKx3osVU5rt2P0HfQStitcher: http://www.stitcher.com/podcast/lane-kawaoka/simplepassivecashflowcom-podcastSpotify: https://open.spotify.com/show/1TrHc3fc8ZGw4mX3yK76rSiHeart Radio: https://www.iheart.com/podcast/simple-passive-cashflow-podcast-29238009/4) Need a legal, insurance, Virtual assistant, CPA, or other referral?. Shoot me an email Lane@simplepassivecashflow.com with a short bio.5) Please leave a review for the podcast!http://getpodcast.reviews/id/11187953476) Coaching Program to get you to your first rental in 90 days!simplepassivecashflow.com/coaching 7) Summary of every Simple Passive Cashflow Podcast: https://docs.google.com/spreadsheets/d/1gJc_p0RCKUPlKRiF17FgtXvcIkvZS-iHjGNo8Vts3K0/edit?usp=sharing See acast.com/privacy for privacy and opt-out information.
Text “simple” to 314-665-1767 to download the Hui Google Drive files and the 2018 Rental Property AnalyzerFor a free electronic version of my bestselling book in 12+ categories text the word "ebook" to 587-317-6099. Please help the show by leaving a review: http://getpodcast.reviews/id/1118795347Join the Hui Deal Pipeline Club! SimplePassiveCashflow.com/clubPardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math!________Here are the Show Notes________1) How much CF are you making today and how are you doing it? Generally I’ve fluctuate based on buying/selling of real estate. Right now it’s all from passive investments in apartments. My peak was couple thousand a month. So as I started investigating other investment activities I dabbled in:P2P investing - Returns were decent (I think I made like 18%), extremely passive once you funded loans. I was fortunate that none of the ones i lended on defaulted so that’s real risk. While you are earning interest payments, it goes back to account so extremely illiquid. You wait out the loan term which can be long. No control. I’d rather do private lending that’s backed by a physical asset. Dividend stocks - Lot of research, reading investment newsletters, etc. You’re still at the whimsy of the stock market. I could see doing this in future maybe if there’s a crash and you can pick up trophy companies cheap. Again no control.Gold/silver - I got caught up by the Gold bug rhetoric of “the dollar not backed by anything" “ the crash is coming” “ look how much debt we have” blah blah . A lot of similar stuff you see some Cryptocurrencies saying now. To me you need treat as a store of value and something you don’t care about price. And you need to hold physically. It’s a chaos hedge. But it doesn’t cash flow. And if shit really did hit the fan, you’re not going to need gold, you’re going to need guns, lol.Internet business (I did sell it later for a small gain). A lot of work…it’s a business. You can get caught up in the 4-hour work week thing, sell your ebook, etc but this takes consistent cultivating like any other business. I had an instance where a change in Google algorithm killed my profit. Infinite banking (which i’m all in on still) - You’ve had podcasts before on this topic about all the benefits but it’s an amazing vehicle that complements real estate. Personally I don’t think of this as a true investment, it is a savings vehicle. I treat it as my cash war chest and foundation. Downsides to me are that you have to understand and treat as a system otherwise you’ll fail miserably. It’s also literally a lifetime commitment. Ultimately I settled on real estate starting the single family route in Dallas area (buy, rehab, rent, self manage, etc). I eventually saw the light (What was the light) of multifamily and started investing passively, sold off my single family houses and now a new aspiring sponsor/operator. There’s all the typical things people say (econmies of scale, non-recourse, etc) but my a-ha moment (my 2nd Han Solo moment I guess you could say) was when I started looking for another rental house. I realized adding another $300/mo cashflow wasn’t going to drastically change my life. If I wanted to level up faster, I needed scale faster. Multifamily can do that. When you get a large check for hundreds of thousands from a disposition event on an apartment complex, that’s life changing and can get you places. (So now you are in the stage where you are doing all the hard work before the success... lets go through this list of things that you are doing... this add value to the listener and maybe we can have a discussion about best practices - Just think in the future when a future investor listens to all the shit you did to get into this)1) Joined mentorship program (I would rather not say who they were) No problem. Main best practice to me is it’s almost a requirement for MFH. This is a must in addition to all the other education (reading, podcasts, etc)2) Regularly Contacting brokers/Signing up for lists 3) Evaluating deals4) Scheduling in-person meetings with with brokers to connect (what did you do). My partner and I specifically reach out to have a meetings at a broker's office. We’d talk about what we’re doing, looking for, etc and it gave us an opportunity to meet other associates. I’ve tried to do in-person at their office or if I can take them to coffee. For out of town brokers we’d do over phone or if we travel to see a deal (leveraging a current listing of theirs as a talking point to get convo started).5) Making regular LoopNet rounds6) Going on property tours7) Networking on BiggerPockets/LinkedIn/Facebook, etc8) Going to Meetups, events, and conferences9) Partnered up with another new sponsor/operator to duplicate efforts, fill gaps, etc (What do you do well and what does he compliment). My partner is better at making connections and relationships than I am. I’m more analytical and investigative. He's an eternal optimist, while i’m Mr. Engineer worst case scenario. He can get shiny object syndrome whereas I’m much better at keepings things on task. We’re both at the same level/point in our investing so we have a good synergy with the perspective we’re coming from. One of the things we like is if it takes looking at 100 deals to get 1, maybe us both looking cuts that in half lol. 2) What is your Han Solo moment…I had two.1- One was a couple years into my career and i started think there was more than this for 30-40 yrs and began exploring other stuff (as mentioned before)2- Shift from single family to multifamily. My a-ha moment mentioned before. 3) Worst life/business moment what did you do a er? Lesson learned?I’ve had those crappy issues that come up with rentals, like plumbing issues, tenant issues, foundation issues, etc which sucked. Although one big one was not listening to my wife about a single family house. I had a tenant turnover in one of my rentals and I had been mulling about selling and focusing on multifamily. Instead of listening to my wife who encouraged that, I did the easy thing which was find a new tenant. I had gotten so in the routine and it was the easy option even though I knew I was ready to step into next thing. It ended up being my worst tenant ever (she paid but was really needy) and a headache. I ultimately sold it a few months later. Lesson learned: Listen to your wife more. While she isn’t involved directly in the nuts and bolts, she is a better judge of character and intangibles in both myself and others. 4) Current 2‐week experiment and 6‐month project? (90‐180 day goal) A mark of a high performer is to put your ego aside and accept the help of others and mastermind maybe folks can help you by you asking.2-week: Let’s see when we get there. Lot of personal type things likely going on (not sure if that’s valuable for your audience?)6-month: Sponsor a 75+ unit, class b/c apartment. That’s my one thing. 5) What is your simple passive Cashflow number? Now imagine you had 2x that amount... Describe your ideal day, detailed rou ne, and what projects you are working on.6) Something that you have recently or thought about “burning your cash” on for me savings or an improvement in quality of life.Meal service, not the recipe in the box but the fully prepared, proportioned individual meals. I enjoy cooking but not thinking about what I have to eat is something that I find makes my day easier, especially now that I have a baby. It’s just fuel, i can eat the same thing everyday and be fine. Plus it helps me stay on the straight line nutrition wise.There’s a good book on this topic called Happy Money I recommend. 7) Something that you changed your mind on? Our ego o en gets in the way of greatness.2 Things:1. I used to think of insurance for the financial aspects only but now I think about the riders, disability kickers, etc. Having a kid changes your thought process so now i’m more thoughtful about things like insurance, estate planning, etc. I’m still behind on that stuff, but now these long term planning things are in my thoughts.2) Owning a house isn’t a big deal. We recently sold our house and moved to an apartment for a number of reasons...yada yada yada. I’m not full Grant Cardone though. 8) In this sellers market... what are you inves ng in? What should a someone who does not have a substan al level of cashflow yet be inves ng in?My cash value life insurance/infinite banking strategy is my core foundation. I see that as the warchest and can let me sit on “cash” without losing too much. I’m obviously still actively pursuing multifamily, it’s harder of course with the current market, but deals can be found in all markets. Nothing wrong with being patient if you think things are frothy. 100% of nothing is better than any percent of a bad deal. Being patient is the hardest thing.brent@hellomultifamily.com See acast.com/privacy for privacy and opt-out information.
YouTube Link: https://youtu.be/BXbgwbCcTnwText “simple” to 314-665-1767 to download the Hui Google Drive files and the 2018 Rental Property AnalyzerFor a free electronic version of my bestselling book in 12+ categories text the word "ebook" to 587-317-6099. Please help the show by leaving a review: http://getpodcast.reviews/id/1118795347Join the Hui Deal Pipeline Club! SimplePassiveCashflow.com/clubPardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math!________Here are the Show Notes________Dealing with an eviction: “Hi Lane! I delivered an evection notice to tenants yesterday and had the opportunity to speak with husband at the door. He stated that he and his wife had both started new jobs and would be able to make one full payment in a week (this was the story for seemingly a month or two) and would be able to make a partial payment in 10 days. Before we proceeded forward with an agreement, wanted to see if that works for you. They are currently $3,000 behind before for a total of two months. Here is what I did…I okayed the concession to give more time. I requested some sort of proof of new job status (a hire letter or email). I am more than willing to work with people… These have been long tenants of almost a couple years and B+ /A- home that rents for $1500 a month.Caveat… I am really near to selling these properties this year and don’t really want to rock the boat in terms of enforcing long-term behavior.Revamping my turnkey rental content – simplepassivecashflow.com/turnkeyI have currently sold 2 of 10 SFH rentals (P&L offer)One of them Columbia is had $27K to get back online. Going to pay 37K to sell retail. Another property Riverwood just went vacant. Going to pay 20-30K to sell retail too. Talked with my team – PM, Contractor, couple other hui membersIs it a good area to go retailWill I recoup capital overlay based on comps Soon I will unrolling my private lending platform. CrowdfundAloha.com! So if you are looking for a 1st lien property with my partners let me know. We are talking about even providing turnkey services.This is not really a money making things cause the margins are just really tough these days. After over 1000 strategy calls with investors and coaching clients over the past couple years here is what I tell W2 employees... For those who are able to save more than $30k a year or have substantial liquidity (over 200k), being a landlord and especially flipping is a lot of work. If you like it cool/good for you... but just remember why we got into this... To be free from a JOB. A lot of us (80%) who stumble upon simplepassivecashflow.com and start drinking Kool-Aide will be financially free in 4-7 years pending taking action. So I always urge people to start with the end in mind and take a more passive approach.Do the math here… you with 300 dollars per property (2 months of work to buy a turnkey rental) you are going to need 20-40 of these to replace your income. I have 10 of these and have systems in place but have 1-2 evictions a year and 3-4 big things that happen. Image if I had 30, just 3 x those numbers.Directly investing in a turnkey rental or small MFH is a good way to start to learn and build up the war chest to go into my scaleable investments such as private placement syndications. Whatever you do, try to be as close to the investment as possible. This is the fundamental problem I have with Wall Street who takes too much fees off the hard-working efforts of the middle class. Looking at some deals. So folks in the Hui Deal Pipeline Club (who have reached out to me and built a relationship) will see those really soon. :P I hope I have enough liquidity… I might need to borrow some money :PSingle Family Homes becoming a legitimate asset class – Spring 2018 ConferenceThe lending requirements and new loan products is slowly changing. I know a lot of you have heard that Short Term Rentals (Air Bnb) income is starting to become part of the loan calculations.Something I'm following is lending on large portfolios of single-family homes. Some of the highlights:1) up to 10-year term with 1.25 DSCR2) portfolios minimum size of 50 properties3) assumablePilot program details download here - https://drive.google.com/open?id=1aTIbru2HEPbw_KLHTvU5-Iyk0aoQB8GxLook even a SFH conference - https://drive.google.com/open?id=1cI15DnBUn8LRA54NTCh667exeR3OtlIuOther Fannie Changes - https://drive.google.com/open?id=1WumUWsduuLnHqDi6IJXNipX7IsT9AUFaAirBnb lending requirements looseningI read this following article that described rent concession in a few major cities that I like as apartment markets.http://www.nreionline.com/multifamily/more-apartment-landlords-offer-free-rent-lure-tenantsHere is another article citing industrial as the sector to be in:http://www.nreionline.com/industrial-cre-market-study/exclusive-research-clear-sailing-industrial-sector-through-2018My takeaway is that this is important to monitor especially if you are developing because this is a leading indicator of softness in the market. It might be economic reasons or just because a bunch of new build inventory is coming online in that area. Either way…Robert Kiyosaki has a saying, "there are three sides to a coin". People argue that its a good time to buy or bad time to buy. For example "mfh” is overheated or commercial is getting killed by Amazon and e-commerce. I think these are mental justifications by tire kickers not to do anything.Sophisticated investors live on the edge of the “coin”. They buy deals out our reach of amateurs due to the lack for network/knowledge. These opportunities are undervalued, with undermarket rents, with value-add opportunity.They are patient and don’t stray from standards that make them get crushed in a market correction. (Cashflow from other investments make this possible) They invest following the macro and micro trends and don’t gamble on gimmicks such as guessing where Amazon’s next HQ is going or where the hurricanes just crushed a market.The trouble is as an outsider is figuring out which of these deals transcends the two side of coin and is on the edge. And starting out its going to be slim pickings due to lack of network but you have to push through this rough part.I am from the camp that you need to become an expert or get beyond the surface level investor stuff in some freebie pdf guide or video. Or just find the right people to work with. To many people get shinny object syndrome and float from sector to sector, from a money-making activity to another, read book after book and never get anywhere. You see these people at a lot of networking events. There is a lot of movement but no tangible results. This is where coaching comes in but for some people not able to get over having another person call them out on their BS you need to get laser focused and take massive action or quit fooling yourself.I’ll be at the notebuyerbootcamp on the panel for syndication in Chicago next week. Notebuyerbootcamp.com See acast.com/privacy for privacy and opt-out information.
YouTube Link:Text “simple” to 314-665-1767 to download the Hui Google Drive files and the 2018 Rental Property AnalyzerPlease help the show by leaving a review: http://getpodcast.reviews/id/1118795347Join the Hui Deal Pipeline Club! SimplePassiveCashflow.com/clubPardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math! Here are the Show Notes:Investor, advisor, writer, father. Founder at @yieldtalk. Ex @oreillymedia, @safari. Occasional consultant & speaker. Chronic reader.1) Your background and your Real Estate investing track record?Andrew Savikasandrew@yieldtalk.comMy own journey through crowdfunding, especially real estateRelated posts:https://yieldtalk.com/my-crowdfunding-portfolio/https://yieldtalk.com/baby-steps-getting-started-with-crowdfunded-real-estate/https://yieldtalk.com/why-you-should-care-about-real-estate-as-an-investor-even-if-you-dont-care-about-real-estate-investing/Importance of new crowdfunding choices in helping fuel entrepreneurism (and overall economic growth), especially serving traditionally underserved categories (eg non-males and non-tech companies outside of Silicon Valley, NYC, and Boston)Related posts:https://yieldtalk.com/crowdfunded-investing-democratizes-capitalism/https://yieldtalk.com/can-crowdfunding-help-close-300b-funding-gender-gap/Importance of understanding “convex” vs. “concave” risk, and the implications for risk/reward profile of your portfolioRelated posts:https://yieldtalk.com/diversification-crowdfunding-investments/https://yieldtalk.com/know-your-alternative-investing-style-zebra-or-lion/The surprising number of choices out there for non-accredited investorsRelated posts:https://yieldtalk.com/24-ways-crowdfunding-for-non-accredited-investors/https://yieldtalk.com/5-best-equity-crowdfunding-sites-beginning-investors/You should also ask me about the time I had to pick between the Google IPO and a new couch (I picked wrong!)criteria in your site, insights from looking at all though sites, and your recommendation for people to invest in rentals, crowd funding, or direct syndication.2) Something that you have recently or thought about “burning your cash” on for time savings or an improvement in quality of life.[Andrew] After leaving my last job (CEO of an ed-tech company for 5 years) right after my second child was born, deliberately moved to a lower-cost-of-living place and dialed down work commitments to have more time with my kids while they’re young. Definitely worth it! But I’ll never forget the night I was putting my son to sleep soon after my daughter was born and contemplating the return to a very demanding job that was only going to get more so, and imagining myself 5 years in the future wishing I could trade the money I’d made for more time with the kids while they were growing up.3) Something that you changed your mind on? Our ego often gets in the way of greatness.[Andrew] Having kids definitely changed my perspective about the opportunity cost of my career trajectory. Has helped me see the benefits of a more balanced portfolio approach compared with driving 1000% down one path.Also, what it means to have a “balanced” or “diversified” portfolio. Was profoundly influenced by Nassim Taleb’s “Anti-fragile” and the concepts of convex and concave risk (and the notion of a “barbell” portfolio).4) Anything we missed and contact info if you would like anyone to get a hold of you. URL?[Andrew] I’m a voracious reader, and as a side project I started posting lengthy reviews of books that have shaped my thinking about leadership, strategy, business, and more. I’m also super into meditation and mindfulness, and have written about 10 books that helped me apply mindfulness to my life in general, and doing better work in particular.And speaking of books, 13 years ago I wrote a book about Microsoft Word of all things. See acast.com/privacy for privacy and opt-out information.
YouTube Link: https://youtu.be/v0fB-e3579EText “simple” to 314-665-1767 to download the Hui Google Drive files and the 2018 Rental Property AnalyzerPlease help the show by leaving a review: http://getpodcast.reviews/id/1118795347Join the Hui Deal Pipeline Club! SimplePassiveCashflow.com/clubPardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math! Here are the Show Notes: Currently have 5 rentals and 80k of income and trying to paying off rentals because near retirementAlso flips properties where the goal is 20k profitHe outsources much of the workGot rentals in 2011 and regret not doing it earlierGot hammered in 2008Got out of the market in 2000Interest rates are very low which is different that past times which means a good time to lock in loans, stocks are pretty highReal estate is not for everyone and might have a wrong skill setIf you don't want to do the work be a hard money flipper but only make 10% (you need to have the money)Don't lend to someone doing their first flipNeed to hire a virtual assistant - 5 properties can manage by selfLet go of politicsMarriage advice Begin with the end in mind - He already knows his legacy and just lives itTeaching kids financial principals - mindsets and habitsTo teach a 12-year-old - give them moneyTo teach a 30-year-old - they need to want to fix the money problemLetting go to be happyrichersoul.com See acast.com/privacy for privacy and opt-out information.
YouTube Link: https://youtu.be/25UY_v17bt4Text “simple” to 314-665-1767 to download the Hui Google Drive files and the 2018 Rental Property AnalyzerPlease help the show by leaving a review: http://getpodcast.reviews/id/1118795347Join the Hui Deal Pipeline Club! SimplePassiveCashflow.com/clubPardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math! Here are the Show Notes: Mark Allen is a brokerStarted in 2009 and went to Westpoint AcademyGot a $35k loan to get started in FLStarted with subject to or assuming the loan method of acquisition2015-2016 sold initial properties and started flipping properties while working the day joblead to MFHSaved the money from flips and day job to go into MFHYou can find Mark at SVN and check out his podcastROI on time is more for Commercial than residentialProvide value by driving properties, pictures, transaction beatYadi matrix, co-star offer owner dataFace to face is better than email or phoneBring 80-year-old sellers flowersonce or every two months a touch point with some valueAs an investor go right to the broker and all of themCCIM is a higher level designation (but that's your job as an investor to know what a deal is)Loopnet/correct C is a good way to find active brokers who are perhaps hungrySVN, Marcus, Colliers, JLL, CBRE are popular brokersCall brokers and introduce yourself Share pitch deck with broker and share team so you show that you are credible See acast.com/privacy for privacy and opt-out information.
YouTube Link: https://youtu.be/MAvb05-xROYText “simple” to 314-665-1767 to get access to the Hui Google Drive files and the 2018 Rental Property AnalyzerPlease help the show by leaving a review: http://getpodcast.reviews/id/1118795347Join the Hui Deal Pipeline Club! SimplePassiveCashflow.com/clubPardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math! Here are the Show Notes: Gets a piece of the action by leveraging your time, knowledge, and connections.Download a free chapter in the Hui FilesGet a heloc, keep your income in the heloc and pay down your home mortgagePeople depend on traditional sourcesDon't quit your job until you have the next thing goingDolphin culture - help people without any returnJordan Goodman has spent the past 40 years focused on one mission: to help Americans do better with their money. In a career spanning newspapers, magazines, books, radio, television, live events, teleseminars, and the Internet (www.moneyanswers.com), he has helped millions of people to solve their financial problems and realize their financial dreams. An honors graduate of Amherst College, Jordan had just received his masters degree from the Columbia University School of Journalism in 1977 when he launched an award-winning, consumer-oriented newspaper insert, INFO, which reached 4 million readers every week. That early foray into consumer journalism soon led to an 18-year stint at MONEY, the foremost personal-finance magazine in the U.S., where Jordan reported and wrote on every aspect of personal finance. During his tenure at MONEY, he also became a regular presence on radio and television programs around the country. When Jane Pauley and Bryant Gumbel of the "Today Show" wanted to refute some of the more dubious strategies of financial guru Charles Givens in 1986, it was Jordan they asked to face down Givens. When Ted Koppel needed a financial expert to explain to "Nightline" viewers the implications of the stock-market crash of October 19, 1987, it was Jordan to whom he turned. While at MONEY, Jordan also began to write the first of his 14 highly acclaimed books on personal finance. The Barron's Dictionary of Finance and Investment Terms (1984), which Jordan co-authored with John Downes, has been translated into Spanish, German, Russian, Japanese, and Chinese, and has sold over 3 million copies worldwide. Now in its ninth edition, it is considered a classic in its field and a staple on the syllabi of college personal-finance and business courses, MBA classes, and securities training seminars. In the 33 years since the dictionary was first released, Jordan has also written:• Barron's Finance and Investment Handbook (1986, co-authored with Downes) that provides a comprehensive analysis of every form of investment, plus a multitude of important investment resources. (The ninth edition came out in 2014.) • Everyone's Money Book (Dearborn, 1993, 1998 and 2001) a 970-page comprehensive financial reference that included over 6,000 resources and sold over 250,000 copies.• The Everyone's Money Book Series (Dearborn, 2003) (including six separate volumes on Credit; Stocks, Bonds, and Mutual Funds; Real Estate; College Financing; Retirement Planning; and Financial Planning)• Reading Between the Lies: How to Avoid Becoming a Victim of Wall Street's Next Scandal (Dearborn, 2004) aimed to educate consumers shaken by Enron-era debacles.• Master Your Money Type (Warner Business Books, 2006) about the different psychological styles with which people relate to their finances, and how to minimize their weaknesses and maximize their strengths to build financial well-being.• Fast Profits in Hard Times (Grand Central Publishing, 2008) that anticipated the current financial downturn and provides readers with investment strategies that allow them to make money even in a down market.• Master Your Debt (John Wiley, 2010) which explains the many changes in the world of debt and offers specific resources to help readers pay off their mortgages in 5-7 years instead of 30 years, get control of their credit card debt, student loans and all other kinds of debt. • The Ultimate Guide to Student Loans (CreateSpace, 2014) which explains how to save and invest before a child goes to college, how to get the best student loans when they get to college, and how to pay them off as quickly as possible after graduation. It's been 20 years since Jordan, in such demand as a keynote speaker, author, and guest expert on radio and television, left MONEY to focus on independent projects. He is the host of the weekly national Money Answers Radio Show which appears on the online VoiceAmerica Business Radio Network at www.voiceamerica.com. Once or more each week, he appears as a commentator on major TV news networks such as CNN, CBS, ABC, Fox News Network and Fox Business Network. During frequent trips around the country, he is a guest on local and regional radio and TV stations as well as a keynote speaker for such diverse audiences as the military, corporate employees, college students, and trade association members. He also participates in non-profit personal-finance-literacy programs such as those sponsored by the Jump$tart Coalition. And virtually every day, often several times a day, from a microphone on the desk in his home office, he speaks to millions of listeners through his regular guest appearances on countless radio shows. These include such prominent programs as "Sunday Morning Magazine" on KMOX that reaches numerous Midwestern states; KOA’s Money Monday hour with Mandy Connell in Denver, WCCO in Minneapolis with Jordana Green, WGN in Chicago with Steve Cochran. Along the way, Jordan also has reached vast national audiences as a weekly commentator on CNN's "Business Day" for 3 years; on Public Radio International's "Marketplace Morning Report" weekly for 6 years; on the Mutual Broadcasting System's "America in the Morning" daily for 8 years; and as a guest expert on NBC-TV's "News at Sunrise" weekly for 9 years. The son of a father who was a political-science professor for 32 years at the Ivy League's Brown University, and a mother who was a dedicated community-service leader in Providence, Rhode Island, Jordan early on melded his father's focus on world events with his mother's emphasis on serving others. His parents' formative influences, combined with his firsthand experience of a traumatic family financial crisis when he was a teenager, in large measure explain both the career path he has pursued with such passion and the reasons why he is today widely known as "America's Money Answers Man." In all he does -- in his books, his media appearances, his live speeches, his teleseminars, and even in the hundreds of email replies he crafts each month in response to listeners who write to ask for his advice, Jordan: • teaches the underlying principles of responsible personal finance.• makes clear the impact of current events on the consumer's wallet.• provides outstanding resources that can help the consumer to take the next smart step. See acast.com/privacy for privacy and opt-out information.
YouTube Link: https://youtu.be/Z0SM21dLsCcText “simple” to 314-665-1767 to get access to the Hui Google Drive files and the 2018 Rental Property AnalyzerPlease help the show by leaving a review: http://getpodcast.reviews/id/1118795347Join the Hui Deal Pipeline Club! SimplePassiveCashflow.com/clubPardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math! Here are the Show Notes: Doing one house gets you started to gain momentumHan solo moment was went when into MFHAt first wife was nervous in the beginning but with success came on boardMoved to MFH when had 5 units and 2k in cashflowSFH is the way to go to learn to rent and pick out a property manager but its a personal questionWorse moment was seeing 2008A pain point that forces people to make a changeWorking up to expenses plus 20kDo a little bit each daySet goes every year - 40-50 goals - review once a weekPersonal BackgroundGrew up in Oxford, MichiganGraduated from General Motors Institute/Kettering University in Flint, Michigan in 2000 with a Bachelor’s in Mechanical EngineeringMarried to wife, Lindsay and have 3 kids togetherStarted engineering career in 2000 and progressively moved up in position and responsibility to an engineering manager Currently a program manager for automotive supplier BremboReal Estate ProjectsPurchased primary residence in White Lake in 2008 as a foreclosure and rented out old primary residence in Madison Heights – “accidental landlord”First intentional rental was a 3 bed 2 bath house in Waterford in 2011, added 3 more in Waterford from 2012-2014Bought 12 apartment units in Monroe, Michigan in 2015Bought 12 more apartment units in Monroe, Michigan in May 2016In due diligence on a 63 unit apartment building in Lansing, MichiganGoal is to retire my day job 2 years from now. From there, options I am looking into are real estate syndication and home inspectingSuccess HabitsKeep a quarterly finance sheet to keep track of Net Worth, Assets, Liabilities, Income, & ExpensesList out yearly goals for family, finance, health, learning and track each weekMake sure to do things daily to get closer to goalsDave Ramsey Lifestyles UnlimitedREIs for networkingChecklistsBooksMillionaire Real Estate Investor – Gary KellerRich Dad Poor Dad – Robert KiyosakiThe Complete Guide to Buying and Selling Apartments – Steve Berges48 Days to the Work You Love – Dan MillerWhat Color is Your Parachute - Richard Bolles The Slightest Edge - Jeff OlsonCompound Effect - Darren HardyQuotes“Leverage is key to wealth” – In regards to money, time, knowledge“Money is on the other side of fear”“Most people overestimate what can be done in the short term and underestimate what can be done in the long term”“If you give a house a cookie…”"What gets measured gets done"“Spectacular achievement is always preceded by spectacular preparation”“Those who say it can’t be done should get out of the way of those doing it”“Go as far as you can see, once you get there, you will see farther”“Play the game of money to win, don’t play not to lose”“Don’t quit when you are tired, quit when you are done”“Make sure your ladder to success is on the correct wall”Contact InfoEmail: bradtacia@gmail.comFacebook & Linked In – Brad TaciaFacebook Page - Apartment Investors of Michigan See acast.com/privacy for privacy and opt-out information.
Please help the show by leaving a review: http://getpodcast.reviews/id/1118795347Download the FREE 2018 Rental Property Analyzer for free: https://simplepassivecashflow.activehosted.com/f/14Pardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math! Here are the Show Notes: I started to a hobby to make Mead or fermented honey wine. It’s pretty healthy because of the good bacteria cultures. I started it because I needed to diversify from my Kombucha hobby because moving to Hawaii I was worried that there was going to be a fruit fly infestation that would wipe me out. Got to be diversified with multiple streams of income!Notebuyerbootcamp.com – Coupon Code “simplepassive”It’s been a busy month after wrapping up the closing on these two latest deals. If you are interested in the deal flow, make sure you are a part of our Hui Deal Pipeline Club.I recently met George Ross who came to speak to my Syndication Mastermind for a private dinner. If you have need the movie “The Founder” you know the lawyer had a very big impact to Ray Kroch. George was the legal counsel to Donald Trump during his rise and “retired” once he hard Trump was running for presidency. George He held court to the remaining 15 of us for 3 hours after dinner until midnight telling stories for the past. Very insightful to know that this man shaped the Trumps business sense.He is known as a master negotiator and he gave us the following relationship advice:“In marriage, I tell my wife that I make all the Major decisions and she can have the Minor decisions… In all my years of marriage, we have not had one Major decision come up.”The recently launched YouTube Channel just clocked in at 17,577 minutes or 293 hours or 36 working days. So there much be one person watching my content around the clock which on the clock. I need a little bit of a break and took the time to reflect back on how far I have come from 2009 and buying that first rental property. By the way remember to incorporate “play” into your day.The first twenty tips came from myself but after sharing the list and finding the other ex-cheapskates out there we have been slowly syndicating more and more bad ideas. Note: they are not in any particular order.Our parents will be so proud of us!If you want to add more, please email me and I will keep growing the list. And if you like I can add you initials at the end to cement your legacy.If you call me collect, I will not pick up!Money saving ideas for the shameless...Stack Mr. Rebates shopping portal and Groupon discount codes with gift cards purchased from eBay or Safeway with more gift cards and Mr Rebates shopping portal. To sign up go here: http://www.mrrebates.com?refid=413597Take a shower at work to save on utilities, water, and electricity – as a side benefit you go to the gym more often (do your 3S’s there, shit, shower, shave)If you work in a startup company that caters food, it’s a no brainer--- eat at work and bring food home. Maybe you can even befriend someone that works there and join them for lunch from time to time. For extra credit consider a life of “intermittent fasting” and totally binge at these free meals.Wash your car in the rain. No mineral deposits left while it dries. Video of me demonstrating this: https://youtu.be/kZkYnkXOI7QCostco leasing to own programBuy an Anker powerbank and charge it at work.Always take a pee before leaving for the day.Try to poop at the same time every day while at work… get paid to poop. Time is money and flushes cost 10 cents.There are soft drinks available at restaurants?Why are you eating at a sit down restaurant, you have to pay tip?If you must, order food to go and eat on the premises. Best of both worlds!Wear clothes with the tag on it and return it.Buy a snorkel from Costco to go to Hanama bay while visiting Hawaii to return it. Another Hui member caucions that on many electronics there is a 90 day return policy.Use an app like GasBuddy to find the cheapest gasoline station, better yet, double stack your Costco credit card (4% cash back on gasoline) and buy Costco gas.Cash flow, cash flow, cash flow. Also, see uncle Kohlers team for tax optimization (easily the single largest expense in your life) http://keystonecpa.com/~keystone/images/5_Cash_Flow_Strategies_for_RE_Investors_eBook.pdf This one is a bit morbid, but an important one. Set up a revocable living trust with your lawyer to avoid probate expenses following the death of your family members\Susie Orman’s advice - make coffee at home and save yourself the $5 Starbucks Vente frappucinoFAST (intermittently, not forever)! Skip breakfast daily (work yourself up gradually) and when you’re ready to get to the big leagues, attempt to fast for an entire day (no breakfast, lunch or dinner)Solar panels (maybe?)Free (coffee) money, this one’s really easy ($25/quarter or $100/yr) w/ BofA and Amazon http://www.magnifymoney.com/blog/consumer-watchdog/better-balance-rewards-cardMaximize and optimize what you’ve got BankPurely has a 1.30% APY since April (not sure if promo rate?) but most banks have 1.0+% (which is 10x the 0.1% APY rate given by most conventional brick and mortar banks like BofA, Chase, WellsFargo)https://www.depositaccounts.com/savings/Become an Uber driver or deliver post maters? (not a big fan)If you have a spare room not in use, AirBnB it from time to timeCheck out EventBrite or other social event platforms for free lunch/dinner/drinksInvestinAHP.com or email me for a few Burnzone book with your mailing addressBuy Mod Pizza’s mega salad for $11.27. Dinner for days!Paid online surveys (not a good use of time)Coupons (think http://www.freestufffinder.com/)Use www.bensbargains.com or slickdeals.net before buying anything onlineUse Honey or Ebates or other discount portals for Amazon/eBay or other internet purchases to save a few %Certain credit cards provide 5x bonuses (Chase Freedom has rotating categories) and Chase Business cards are good for auto-pay things like internet with extra bonus categoriesMake a Ghetto Latte at Starbucks and other funGrowing up in Hawaii where a gallon of milk is $8, I was taught to save money in strange ways. (I don’t drink milk)Some of those were pretty bad which develop into unhealthy money mindsets.Some downright unethical but hey if you are a cheapskate, own it!I don’t condone any of these tactics but look, it is no coincidence why you folks continuously have so much money to invest and pay your bills on time unlike 4 out 5 of my Birmingham rentals every month.Join the Hui Deal Pipeline Club! See acast.com/privacy for privacy and opt-out information.
YouTube Link: https://youtu.be/dSNwXUhxpLEPlease help the show by leaving a review: http://getpodcast.reviews/id/1118795347Download the FREE 2018 Rental Property Analyzer for free: https://simplepassivecashflow.activehosted.com/f/14Pardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math! Here are the Show Notes: $480k horizontal incomePodcast is not simple passive cashflowUsed commissions to invest into real estateStarted out trading tome for money, working 40 hours a week, and was left with a $100 every weekSold timeshare presentationsDanny got 3-4 of these a day and was the leader at the time and Pat beat himWent to college and went to real estate sales where he is making commissionsDiscovered horizontal lines - bought SFHs and moved to apartments and other buildings/businessesLost 2/3 of initial investment LTI - After you pay your bills - currently $200K a yearMoving around current investments18% lawyer loan, some private equity notes, apartment building syndicationCrossed over at age 46 to financial freedom numberWorks 3 days a week (Tuesday-Thursday)Chose to not work as much in 40sLook where the poor creative lives because that is where the transitioning area isRobert Kiyosaki says don't buy where there are craneAlchemist talks about the beginner's luck - Pat started investing in non-real estate investments in 2008 - 50-100K here and there and 50% of them failedRip and duplicate things that are workingReal estate rockstar podcast! See acast.com/privacy for privacy and opt-out information.
YouTube Video Link: https://youtu.be/aJ5lSoJoRK4Youtube Audio Only Link: https://youtu.be/NWxFiWwXhrYPlease help the show by leaving a review: http://getpodcast.reviews/id/1118795347Download the FREE 2018 Rental Property Analyzer for free: https://simplepassivecashflow.activehosted.com/f/14Pardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math! Here are the Show Notes: After Turnkey rentals I see people go into 1) Syndcaitions 2) BRRRS 3) Non performing notes12/20/2016 - SPC034 - Jorge Newbery goes $28 million into the hole and the fight to get back to even - https://www.youtube.com/watch?v=Y1IN4BTvRPg&t 5/30/2017 - Non-Performing Notes w/ AHP Fund making 12% a year! - https://www.youtube.com/watch?v=ZvKue-rq4y8&t=2sWhat is performing notes and non performing notesSteps to get startedWhat can you get from people or networking in note worldNBBC TrainingHow did you start to scale ahpwhere AHP succeeded and where we failedthe importance of due diligence - and how identifying trouble before you buy a loser is as important is buying winners What are a few specific things you do (sort the spreadsheet) and simple formulas for a quick and dirty analysis how to connect with real sellers willing to sell at real discountshow to build your note business with the maximum likelihood of successwhy the note-buying opportunity continues, and how to get ready for the next downturnwhat to expect when you start foreclosure or borrower files bankruptcyhow much to raise capitalthe value of contacts and relationships (AHP has taken years to build these up - and you can connect with them in two days)the overlooked value of servicing, collateral and recordinghow to maximize returns with fast, consensual resolutionschoosing a law firm: how to align interests and turn slow & costly into fast & cheaphow to get the most out of your servicerSign up for the email updates and investor goodies (spreadsheets, mindset hacks, and other files)https://simplepassivecashflow.activehosted.com/f/3Once you have gone through the majority of podcasts feel free to sign up for a chat - Also to get into my projects please setup a call because we need to have a pre-existing relationship.Setup a call here: https://calendly.com/simplepassivecashflow/20/SimplePassiveCashflow.com is for working professionals who are looking for diversification and better returns outside of traditional investments such as mutual funds and stocks. Check out my Free Resources Below:1) The Hui Deal Pipeline Club is a free investor club where I filter investments and underwrite the numbers and partners myself.. Unlike other investor lists and groups, my investors have personal access to me and know that I personally have skin in the game investing alongside with my investors. Make sure you sign up for my Hui Deal Pipeline Club to get sent the deals I come across:https://simplepassivecashflow.activehosted.com/f/3Mastermind Club: If you or someone you refer invests at least $50K into one of my future deals you will be invited to my exclusive Ali'i Mastermind with other 12-20 other serious investors to discuss deals and our own portfolios. For more details: SimplePassiveCashflow.com/mastermind 2) Join a Social Club: Seattle: https://www.facebook.com/groups/SPCHUISEA/ Hawaii: https://www.facebook.com/groups/SPCHUI808/ Portland: https://www.facebook.com/groups/SPCHUIPDX/ Bay Area: https://www.facebook.com/groups/SPCHUIBAY/ So Cal: https://www.facebook.com/groups/SPCHUISOCAL/ East Coast: https://www.facebook.com/groups/SPCHUIEAS/ Central USA: https://www.facebook.com/groups/SPCHUICUS/ 3) Subscribe to my podcast on iTunes or Google Play. Google Android Phones: https://playmusic.app.goo.gl/?ibi=com.google.PlayMusic&isi=691797987&ius=googleplaymusic&apn=com.google.android.music&link=https://play.google.com/music/m/Iizwgws56nif7jllsr5zqk74gh4?t%3DSimple_Passive_Cashflow_Podcast%26pcampaignid%3DMKT-na-all-co-pr-mu-pod-16Apple iPhone: https://itunes.apple.com/us/podcast/simple-passive-cashflow-podcast/id1118795347?mt=2Youtube: https://www.youtube.com/channel/UC3cIIsGKx3osVU5rt2P0HfQStitcher: http://www.stitcher.com/podcast/lane-kawaoka/simplepassivecashflowcom-podcast4) Need a legal, insurance, Virtual assistant, CPA, or other referral?. Shoot me an email Lane@simplepassivecashflow.com with a short bio.5) Please leave a review for the podcast!http://getpodcast.reviews/id/11187953476) Coaching Program to get you to your first rental in 90 days!simplepassivecashflow.com/coaching 7) Summary of every Simple Passive Cashflow Podcast: https://docs.google.com/spreadsheets/d/1gJc_p0RCKUPlKRiF17FgtXvcIkvZS-iHjGNo8Vts3K0/edit?usp=sharing See acast.com/privacy for privacy and opt-out information.
Video Version: https://youtu.be/azbjx9fhVbUYouTube Link: https://youtu.be/x1FsDcF0d2E[embed]https://youtu.be/x1FsDcF0d2E[/embed]Please help the show by leaving a review: http://getpodcast.reviews/id/1118795347Pardon the grammar... I'm an Engeneer, Enginere, Engenere... I'm good with math! Here are the Show Notes: Lane is dringing Maui Brewing Company Makawao beer and POG IPA and homemade mead (honey wine), Abhi - Whiskeyhttps://abhigolhar.com/How old are you? 1985How much simple passive cash flow do you have coming in and from what investments?At this point my cashflow is a little lower because some of sfhs are offline because I'm trying to sell them and my syndications are in the ramp up stage but I'm around 3k. more importantly I have very low expenses and essentially financially free. My salary from my paycheck is 4k at the-end if taxes and that's what I use to put right back into my business. That's 3k not including my day job.- What are your healthiest habits? How do these help contribute to being your best, most productive self?Intermittent fasting. Used to do paleo but has evolved to ketoI used to do crossfit but the 225 lb deadlifts twenty one times for three rounds really got old. Its for people in their twentiesGot a trainer who won the hawaiian iron classicKeep changing goals- What do you attribute your ability to be prolific and productive to?I don't have that many distractionI got lucky with initial positive feedbackI work really hard/consistentMake tweaks frequently. If you follow me around I do weird things. or going to the restroom put coffee in microwave and then take a call like a machine- Looking back what do you wish you had done differently along your journey so far?I wish I would have gotten a personal mentor to call me out on my and minimize the hours of mental planning and scenario Q1) You mentioned that you have spent close to $60K last year in coaching & mentoring programs/events, can you share some insights on how do you determine which ones worth investing your time & money into, which aren't, and how to avoid the scammers/pitfalls? Are there ones that you recommend trying out or avoiding? Get feedback from actual students. Make sure there is no referral fee going on. Allocate a development allowance. 10 percent of your income. A mentor taught me never to speak bad of others so I won't here publicly. But if you guys get to know me I tell you what I think. Another example of going an inch wide mile deep. Q2) I've listened to most of your podcasts (and yes I did leave reviews :-)) but can't say every single one so apologize if I missed it if you shared already - how do you manage employer/manager after they learnt you were doing this REI "side gig" with the eye of quitting your day-job? I am sure quite a handful of your listens work for companies that have requirement of disclosing outside business activities that require either company/manager approval, or Compliance clearance, varying level of scrutiny , or maybe just a disclosure. What would be your words of advice or caution on how best to navigate this when one cannot fully launch into investing full-time? I have a humorous article of what to do in a day job. But honestly people don't rreally know what I do. I am a government worker who drives a mercedes at work and smiles a lot. It does not make sense. Its good that my parking lot is really big so no one really sees me. I work in a non profit so I try to respect that they are paying me for my time. Honestly if they find out I bet the “clock watchers” will become whistle-blowers. my mindset is that it won't be a bad thing. It will just pressure me to work my ass off and get out of day job and take that leap. I just like how authentic I can be in the way I work with people… In the I interviews for the this last job they asked why should we hire you? No one else has a masters degree and real world experience that I do and willing to be paid the salary level and will be happy there. If people give you a hard time this is all about lifestyle creation. Financial freedom gives you the freedom to do what you want. a recommended real is Mark Madsen “How to not give a fuck”. Its not about living life like a cavalier but opting into a conscious life of people and projects that are aligned with you. See acast.com/privacy for privacy and opt-out information.
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