Podcast appearances and mentions of jacob ayers

Navigating a world not designed for you can be a daunting challenge, but imagine turning that challenge into a beacon of innovation and hope. That's precisely what Jacob Ayers from Wurth Additive Group has done with his inspiring journey through legal blindness and into the heart of 3D printing. As a guest on our show, Jacob offers not only a window into his world shaped by rod-cone dystrophy but also how he's leveraging additive manufacturing to push the boundaries of accessibility in everything from tactile education tools to museum exhibits.With each story and discussion, the power of an inclusive approach to technology and design becomes undeniable. Join us as we uncover how Jacob's commitment to 3D printing is catalyzing social change, from transforming employment prospects for those with visual impairments to the careful orchestration of museum spaces that invite all visitors to engage with history. His insights provide a roadmap for those looking to merge art with practical application, whether it's in the delicate intricacies of prosthetic development or the robust world of CAD modeling. This season's narrative is a testament to the impact that a single individual's vision can have on a community and industry at large.However, with great power comes great responsibility, and in the world of 3D printing, that means addressing the elephant in the room—safety and sustainability. We round off the season with a crucial conversation on the environmental implications of photopolymers and the industry's duty to protect both consumers and our planet. Jacob's expertise shines as we tackle the importance of regulations and the collective effort required to ensure a future where technology continues to serve humanity without compromising our well-being. Tune in for a journey where every chapter weaves together the threads of empathy, innovation, and responsibility, crafting a narrative that not only informs but inspires action.This episode is brought to you by Advanced 3D.

Today's podcast is a quick snippet from the first episode I recorded on The W2 Prison Break Show. Click here if you want to hear the full story. Jacob Ayers teaches us how to manage real estate and a high paying W2 job. @jsayers33 Want To Quit Your Job And Become The CEO of Your Own Business? Schedule A Free Intro Call Follow Me: IG @coachbrianoneill Tiktok @coachbrianoneill YouTube @w2prisonbreak LinkedIn LINKS TO OUR PARTNERS: Grab Brian's Recommended Mic on Amazon Learn How to Get all the Money You Need to Fund Your Business with Fund & Grow Learn What Brian's Favorite Book is on Amazon

Top 10 Lessons from 400 Episodes with Jacob Ayers Thank you so much for investing your time to listen to numerous insights and wisdom from all the remarkable guests in the past years. We are asking you to continually support and listen to us in the upcoming episodes. The right mindset with the right vision, having the knowledge, and taking action are keys to realizing our goals! KEY POINTS Top 10 lessons that Jacob learned in 400 podcast episodes How to create thousands of dollars' equity through 1 multi-family property Risk mitigation methods to protect deals during this COVID-19 pandemic Jacob's recent deals and refinance Top 10 Lessons I've learned from 400 podcast episodes You don't have to have it all figured out before you get started (this podcast for example)  Success is built on consistent action You can achieve anything you want if you're intentional (Intention Journal) Pick an investing strategy and stick with it Surround yourself with people who are like the type of person you want to become Do something every single day that your tomorrow self will thank you for Measure your success not based on other people, but rather based on your past. Always measure backwards.  Gap and the Gain by Dan Sullivan and Benjamin Hardy Build positive momentum with little wins Create a vision for your life and slowly make that vision a reality (Cam Herald's Vivid Vision) Do what makes you happy. You only have 1 life. Live it to the fullest based on your own rules. Bonus: If you're not embarrassed by where you were 3 years ago, you're not growing enough.  RESOURCES http://www.jacobayers.com/propstream (Propstream) https://www.amazon.com/Exactly-What-Say-Influence-Impact/dp/1989025005 (Exactly What to Say) book by Phil M. Jones Visithttp://m/gp/product/B00NB86OYE/ref=as_li_tl?ie=UTF8&tag=jacob0ee-20&camp=1789&creative=9325&linkCode=as2&creativeASIN=B00NB86OYE&linkId=100a9d2905599266aa7088bba0a33d55 ( Audible) for a free trial and free audiobook download!          

How Investing in Real Estate Can Help You Leave Your W2, with Jacob Ayers Today's guest is Jacob Ayres, a real estate investor. Jacob grew up in the city of Oklahoma, raised by his entrepreneur parents. His dad owned bars and convenience stores, while his mom had a small business. He studied Engineering in college and went to Houston, Texas. During his first paycheck, he became interested in personal finance, which brought him to the path of real estate investment. In this episode, Jacob shares his journey in real estate investing, the importance of goal setting, and his plans. Overcoming Fears and Challenges [4:09] At the time of Jacob's first year of work, he was thinking about managing his finances and he was thinking about how to prepare for retirement. The idea he has in mind is to have enough money that even after dying, he still has money, or his money runs out before he dies. Neither of the two is a great idea. He tried to invest in the stock market using his own money. He didn't find it exciting. Then he discovered real estate investing. His first purchase was a single-family house in Oklahoma. He experimented on that property for several years. He saw the power of real estate investing and decided to start his real estate journey. [9:31] Jacob kept in mind the worst thing that could happen during the journey and how he would overcome it. He was aware of the different challenges he could face. He is on the quest of just trying to figure things out as time passes. How did Jacob get his first deal? [12:07] Jacob grew up around the area, which allowed him to understand the property through word of mouth. The deal wasn't much, but it was a good start. Many investors want to hit the jackpot on their first deal, but it doesn't need to be that way. You just need to get started and that will lead you to the next deals. One of Jacob's Deal that is Full of Challenges [13:22] In this deal, Jacob found an off-market, eight-unit property. He discovered this property while he was driving around the area. The property was in a terrible state at the time, and he wanted to buy the place and fix it. He started by reaching out to the owners through public records and made a deal through seller financing where he will be making monthly payments and no down payment. He got the property for $160,000. Upon purchasing, he renovated the area for about 18 months. Now, it is currently earning about $2,000 - $2,400 a month. Jacob mentioned that there are a lot of deals out there. Find ways and act. Don't let fears and challenges stop you. [17:30] In that deal, he had to pay interest of about 4.75%. This was during the beginning of 2020 when COVID-19 was one of the risk factors he had to face. This didn't stop him, and he still pushed through. Jacob mentioned that we must realize that some opportunities are hidden from plain sight. Managing Properties [19:11] Jacob self-manages his properties. He also has a ground property manager or partner who is his dad. His dad helps in managing these properties. Jacob mentioned how his systems and processes improved throughout the years. He integrated screening measures or online rent payment tools, and it is now easy to manage from afar. Jacob's Investing Strategy [20:15] Jacob has submarkets in Oklahoma and some properties in Texas. These markets are strong and stable cash-flowing markets with the opportunity to have population and job growth. Jacob classifies himself as a cash flow investor with a preference for small multifamily property. [21:21] Jacob's first property was sold at a loss. He believed that the person who leased the property would purchase the property. In the end, they said they weren't going to buy it. Jacob thought that they were taking care of the property after all these years while it was on lease with them. Unfortunately, they didn't. The property was in terrible condition when they left, and Jacob had to renovate it all over again and sell it at a loss. [24:32] Jacob likes to use seller financing. However, sometimes he doesn't use it, especially if the owner has an existing mortgage on that property. In this case, he would use the master lease option. Jacob has personally done various strategies, including conventional financing, creative financing, seller financing, etc. His favorite is seller financing. What is Jacob Currently Working on? [26:52] Jacob is currently trying to improve and grow, transacting with larger multifamily deals. His current focus is on purchasing 20 to 60 units apartment deals. He wants to be a legitimate business, and he is now trying to raise capital through family, friends, and investors. He wants to help people and have others join him in his journey in real estate investment. Controlling Your Future [30:05] Jacob wants to control his financial future. There are so many ways to prepare and invest for your future. You just have to figure out what you want because you can't have everything. Once you figure out what you want, take small steps to get there, and you'll be surprised that you've already reached your goal. Goal Setting [32:05] Jacob believes in the power of goal setting. He mentioned that it is possible to be anywhere in life, doing anything you want. However, without setting up your goals or having your vision in life, you wouldn't be able to get there. If you have the intentions, goals, and visions, there is no doubt that you'll achieve success. [34:22] There's a difference between having your goals written down and simply dreaming them up. Jacob personally writes his goals down, which serves as a vision board. Write your goals down while simultaneously doing things to achieve that goal. Do something every day to achieve that goal, and eventually, you'll be able to reach your goal. Jacob's End Game [40:03] Jacob wants to achieve financial freedom. He defines financial freedom as having a passive income that will be able to pay for your living expenses. This includes mortgage vehicles, insurance, travel trips, and more. If your passive income already covers those expenses without thinking much about it, you already have financial freedom. Jacob wants to be financially independent. He wants to retire, but he also wants extra money to support his family or give back to charity. Jacob's Books Recommendations [43:27] Jacob has recommended some books in different categories. These are the following: Rich Dad, Poor Dad by Robert Kiyosaki Vivid Vision by Cameron Herold Pitch Anything and Flip the Script by Oren Klaff Getting to Yes by Roger Fisher, William Ury, and Bruce Patton Never Split the Different by Christopher Voss and Tahl Raz Ken McElroy Books Tom Wheelwright Books Garrett Sutton Books Check out http://jacobayers.com/ to learn more! You can also follow Jacob on social media: Facebook | Instagram| LinkedIn| YouTube Additional resources: FREE 5-Step Guide To Jumpstart Your W2 Prison Break Learn How To Master The Phone in 90 Days Website: https://www.w2prisonbreak.com/ LinkedIn: www.linkedin.com/in/brian-o-neill-5069216/ Facebook: https://www.facebook.com/profile.php?id=100079334484592 Instagram: https://www.instagram.com/therealbrianoneill/

On today's episode of The Real Estate Nerds Podcast, our host and real estate attorney Scott Smith welcomes Jacob Ayers. Jacob is only 28, but has already made his first successful real estate investment. If you're new to the game, or waiting until everything is perfect to get started, or just uncertain where to begin, Jacob has tips for you. He believes there's a step that anyone can take in the direction of becoming a real estate investor. His own story is a great example of not letting anything, whether it be lack of experience or capital, get in the way of pursuing real estate dreams. Tune in to hear Scott and Jacob's full conversation.Listen To Episode 24 of The Real Estate Nerds Podcast NowJacob Ayers' Life and Business Philosophy: Striking a Balance Between Security and FreedomJacob Ayers joins Scott to discuss his background, as well as how he balances his day job with his investing career to reap the rewards of both.[1:00] Jacob is only 28, but began investing at age 25. He shares about the expectations placed upon him by society and his family, which he ultimately found unfulfilling. He graduated from college, joined Corporate America, and knew he wanted something more. He developed an interest in personal finance and investing around age 23, and gave himself an education.[4:00] After educating himself with the many free resources available online and getting some money together from his day job, it was clear to Jacob what he had to do next: “I bought my first rental property, and here we are today.” Scott points out that it's possible there are personality types that want the safety and security of a “normal” job, while others are driven to strike out as entrepreneurs and do something different. The two investors speculate whether this is a matter of personality, fundamental values, or something else.[5:30] Jacob believes “you've got to be a little bit crazy to go down this path.” He considers real estate investing his side hustle and works full-time as an engineer. In this way, he's struck a balance between security and freedom. Scott acknowledges the wisdom in this: “There's a middle ground, and you have to consider your worst case scenario. For you, that's ‘I still go to work on Monday, build up more capital, and try again.'” [6:38][7:20] Scott points out that Jacob has built up a community around his philosophy towards work and real estate balance, especially as a young person. Many people approach Jacob with their fears around real estate investing, and that drove him to start his podcast to share his knowledge and experience.[8:15] Jacob digs deeper into what drives him and his investing: “I think people have a duty to themselves to chase their passions, and real estate investing is a vehicle that allows you to do that.” Even if investing itself isn't your passion, it can give you the opportunity to pursue the things that you do what truly moves and inspires you. Scott agrees: “Money can't get you anything. It can only motivate you to pursue another passion.” [8:54][bctt tweet="I think people have a duty to themselves to chase their passions, and real estate investing is a vehicle that allows you to do that." username="Royal_Legal_Law"]Jacob Ayers' Best Deal: A $25,000 House With a $140 MortageJacob shares the details of his first real estate investment, an almost unbelievably cheap property in his hometown. Yet it has maintained steady cashflow, and perhaps more importantly, taught him many investing lessons.[9:30] Jacob's best deal began when he was around 23 or 24, having just spent a year researching opportunities, listening to podcasts, going to meetups, and otherwise getting his free real estate education. He bought a rent-ready property in his hometown in Oklahoma for $25,000. [10:20] Jacob bought the house with traditional financing for $5,000 down and rented it out immediately. He knew the worst-case scenario was a loss he could afford, as his mortgage is only $140--comparable to Scott's cell phone bill.[11:15] Jacob went into his first deal with the commitment to treat it as a learning experience: “I treated the whole thing as kind of an experiment...When I got that first rent check, it was my proof of concept moment.” He resolved to rinse, repeat, and expand.[12:00] Scott asks Jacob whether he's ever had a bad deal. He tells a cautionary tale about his first tenants, whom he didn't screen at all. They bailed from the house after six months and trashed the place. But Jacob says this taught him to screen tenants, rather than taking the first qualified people to offer. He has learned to treat these mistakes as lessons in becoming a better landlord.[13:45] Jacob discusses how he's a details guy who wants to know all of the numbers and have his spreadsheets perfectly laid out, but ultimately he has to take the plunge sometimes. He acknowledges a truth about investing: “You don't know what you don't know” [14:30] But all the reading in the world couldn't prepare him for the lessons that just doing deals and managing property has taught him. [15:55] Scott notes Jacob's natural entrepreneurialism: “You probably learned more in a year of dealing with that property than you could have in a year of listening to podcasts and reading books.” Jacob agrees: “You can only learn so much by paper, and the rest is just by doing.” [16:00] He acknowledges that cheap properties like his aren't everywhere, and encourages investors to investigate affordable properties [17:00] Jacob talks about how he talks investors through examining markets. This is something he does often with friends who live in expensive, hot markets like Austin and Houston, TX.[18:00] Scott drops his own bit of advice, explaining why he's a big believer Jacob agrees: “Partnering as early on as possible is a really good idea. At least having a coach or a mentor to informally look over your shoulder and be a sounding board, voice of reason, and somebody who's done what you're doing.” The two investors share their methods for getting expertise. Scott likes to throw small amounts of money at consultants for their expertise. He puts his money where his mouth is, and encourages investors to use and abuse his own law firm, Royal Legal Solutions, in this way.The Takeaway: Take Action Today to Succeed Tomorrow The two investors wrap up their discussion by sharing their takeaways. Both Scott and Jacob agree that if you want to succeed in investing, you have to just get out there and try. [20:00] Jacob's advice to new investors is to just get in the game: “To get started, you have to take that first step. It can be big, or little. It can be picking up a book or going to a MeetUp. It can be anything, just take the first step.” He encourages investors to get out there, take action, make mistakes, and keep going.[21:00] Scott agrees, and points out that Jacob's spirit of not letting fear win the day has contributed to his success. Not allowing “no” to be an option and finding a way to get in the game is essential. Scott offers words of encouragement to those hesitating to get started: “If you keep trying, you never lose. Otherwise, it's just learning. You only lose when you quit.” [22:00]

On today's episode of The Real Estate Nerds Podcast, our host and real estate attorney Scott Smith welcomes Jacob Ayers. Jacob is only 28, but has already made his first successful real estate investment. If you're new to the game, or waiting until everything is perfect to get started, or just uncertain where to begin, Jacob has tips for you. He believes there's a step that anyone can take in the direction of becoming a real estate investor. His own story is a great example of not letting anything, whether it be lack of experience or capital, get in the way of pursuing real estate dreams. Tune in to hear Scott and Jacob's full conversation.Listen To Episode 24 of The Real Estate Nerds Podcast NowJacob Ayers' Life and Business Philosophy: Striking a Balance Between Security and FreedomJacob Ayers joins Scott to discuss his background, as well as how he balances his day job with his investing career to reap the rewards of both.[1:00] Jacob is only 28, but began investing at age 25. He shares about the expectations placed upon him by society and his family, which he ultimately found unfulfilling. He graduated from college, joined Corporate America, and knew he wanted something more. He developed an interest in personal finance and investing around age 23, and gave himself an education.[4:00] After educating himself with the many free resources available online and getting some money together from his day job, it was clear to Jacob what he had to do next: “I bought my first rental property, and here we are today.” Scott points out that it's possible there are personality types that want the safety and security of a “normal” job, while others are driven to strike out as entrepreneurs and do something different. The two investors speculate whether this is a matter of personality, fundamental values, or something else.[5:30] Jacob believes “you've got to be a little bit crazy to go down this path.” He considers real estate investing his side hustle and works full-time as an engineer. In this way, he's struck a balance between security and freedom. Scott acknowledges the wisdom in this: “There's a middle ground, and you have to consider your worst case scenario. For you, that's ‘I still go to work on Monday, build up more capital, and try again.'” [6:38][7:20] Scott points out that Jacob has built up a community around his philosophy towards work and real estate balance, especially as a young person. Many people approach Jacob with their fears around real estate investing, and that drove him to start his podcast to share his knowledge and experience.[8:15] Jacob digs deeper into what drives him and his investing: “I think people have a duty to themselves to chase their passions, and real estate investing is a vehicle that allows you to do that.” Even if investing itself isn't your passion, it can give you the opportunity to pursue the things that you do what truly moves and inspires you. Scott agrees: “Money can't get you anything. It can only motivate you to pursue another passion.” [8:54][bctt tweet="I think people have a duty to themselves to chase their passions, and real estate investing is a vehicle that allows you to do that." username="Royal_Legal_Law"]Jacob Ayers' Best Deal: A $25,000 House With a $140 MortageJacob shares the details of his first real estate investment, an almost unbelievably cheap property in his hometown. Yet it has maintained steady cashflow, and perhaps more importantly, taught him many investing lessons.[9:30] Jacob's best deal began when he was around 23 or 24, having just spent a year researching opportunities, listening to podcasts, going to meetups, and otherwise getting his free real estate education. He bought a rent-ready property in his hometown in Oklahoma for $25,000. [10:20] Jacob bought the house with traditional financing for $5,000 down and rented it out immediately. He knew the worst-case scenario was a loss he could afford, as his mortgage is only $140--comparable to Scott's cell phone bill.[11:15] Jacob went into his first deal with the commitment to treat it as a learning experience: “I treated the whole thing as kind of an experiment...When I got that first rent check, it was my proof of concept moment.” He resolved to rinse, repeat, and expand.[12:00] Scott asks Jacob whether he's ever had a bad deal. He tells a cautionary tale about his first tenants, whom he didn't screen at all. They bailed from the house after six months and trashed the place. But Jacob says this taught him to screen tenants, rather than taking the first qualified people to offer. He has learned to treat these mistakes as lessons in becoming a better landlord.[13:45] Jacob discusses how he's a details guy who wants to know all of the numbers and have his spreadsheets perfectly laid out, but ultimately he has to take the plunge sometimes. He acknowledges a truth about investing: “You don't know what you don't know” [14:30] But all the reading in the world couldn't prepare him for the lessons that just doing deals and managing property has taught him. [15:55] Scott notes Jacob's natural entrepreneurialism: “You probably learned more in a year of dealing with that property than you could have in a year of listening to podcasts and reading books.” Jacob agrees: “You can only learn so much by paper, and the rest is just by doing.” [16:00] He acknowledges that cheap properties like his aren't everywhere, and encourages investors to investigate affordable properties [17:00] Jacob talks about how he talks investors through examining markets. This is something he does often with friends who live in expensive, hot markets like Austin and Houston, TX.[18:00] Scott drops his own bit of advice, explaining why he's a big believer Jacob agrees: “Partnering as early on as possible is a really good idea. At least having a coach or a mentor to informally look over your shoulder and be a sounding board, voice of reason, and somebody who's done what you're doing.” The two investors share their methods for getting expertise. Scott likes to throw small amounts of money at consultants for their expertise. He puts his money where his mouth is, and encourages investors to use and abuse his own law firm, Royal Legal Solutions, in this way.The Takeaway: Take Action Today to Succeed Tomorrow The two investors wrap up their discussion by sharing their takeaways. Both Scott and Jacob agree that if you want to succeed in investing, you have to just get out there and try. [20:00] Jacob's advice to new investors is to just get in the game: “To get started, you have to take that first step. It can be big, or little. It can be picking up a book or going to a MeetUp. It can be anything, just take the first step.” He encourages investors to get out there, take action, make mistakes, and keep going.[21:00] Scott agrees, and points out that Jacob's spirit of not letting fear win the day has contributed to his success. Not allowing “no” to be an option and finding a way to get in the game is essential. Scott offers words of encouragement to those hesitating to get started: “If you keep trying, you never lose. Otherwise, it's just learning. You only lose when you quit.” [22:00]

Show notes:Jacob’s journey started when he graduated from Oklahoma state university with a degree in fire protection and safety engineering. After collecting, Jacob moved to Houston, Texas, and dove into the corporate world of terrible coffee, KPIs, and the monotony of a new 9-5 life. Jacob accepted this lifestyle because he truly enjoyed the work. He’s always had a knack for building things, both physical and intangible, and a passion to help people solve problems.Wanting more control over his life, Jacob set out to engineer a lifestyle he always dreamt of. Jacob bought his first rental property at the age of 25 and quickly transitioned into buying small multifamily properties. When Jacob isn't building his real estate empire, he enjoys kayak fishing, exploring new places, and rough-housing with his niece and nephews.On this Episode You’ll Learn:-Jacob’s background and how he got started in real estate-How he picked his markets-Taking a leap of faith into REI-Lessons learned from his first deal-Financing strategies that Jacob has used-Benefits of seller financing-Shifting from single family to small commercial multifamily-Some pro’s and con’s of small commercial multifamily-Strategies that Jacob is using to find deals in this competitive market-What is Jacob’s “Why”Contact Info:Website: http://jacobayers.com/Podcast: http://jacobayers.com/podcast/

In this episode, we have special guest Jacob Ayers. We talk about his seller-financed deal with basically nothing down and how he is creating 250k in forced appreciation. Jacob will refinance using the BRRRR method and pull his capex out and about 100k in equity. Not a bad deal. If you are just getting started and want to find, negotiate, and refinance your multifamily deal, This is the episode for you.

For today's episode, I'm excited to welcome engineer turned real estate investor, Jacob Ayers. Jacob is the managing partner of Ayers Acquisitions and host of The Real Estate Way to Wealth and Freedom Podcast. He started buying real estate in 2015 and has grown his portfolio with multifamily properties. He joins us today to discuss his fantastic journey in real estate while he continues to work his full-time engineering job.   First, he shares his background story with us and how he got the “stable, corporate job” mentality from his parents like so many of us do. His parents were entrepreneurs, but they considered themselves lower to middle class and wanted Jacob to have an excellent, long-term, meaningful corporate job.   Jacob shares with us the reasons he decided to start investing in real estate. He says that he did not find any milestones to complete while working on his full-time job and wanted to make more out of life. He could only see retirement looming far down the road of his life and had a deep desire to do something more.   Jacob also talks about his interest in houses and how his engineering mind always wanted to fix and feel things, drawing him into the industry. He decided to take the risk and invest in it. Jacob bought his first rental property in July of 2015, which was a single-family home in his home market of Oklahoma. Jacob shares the details of the purchase, how he financed the deal, and the specific costs and how much he was able to rent it for.   Jacob then discusses the financial sources he uses to help himself in the business. He generally uses traditional financing routes, either the conventional Fannie or Freddie loans or local lenders with portfolio loans. We also discuss how to find the right marketing channels for your business. Jacob says he uses local Facebook pages while explaining how it has worked for him in the long run.   We get to know the quick check filters Jacob uses to decide whether or not you want to dive deeper into a property. Jacob investigates what type of property it is, its rent-to-value ratio, and whether there are any value-add opportunities in the property.   Toward the end of the interview, we learn about Jacob's favorite podcasts and why he chooses them over certain others. He really loves the Get Rich Education podcast by Keith Weinhold and suggests that all the listeners should check it out.   Join us for this power-packed conversation with the very knowledgeable and ambitious engineer-investor, Jacob Ayers. Do not miss out on this awesome episode of the Just Start Real Estate Podcast! Notable Quotes:   “I was born and raised with this blueprint: Go to school, get good grades, so you can get into college, study something hard, so you can get a good, stable day job.” Jacob Ayers   “I started going down this rabbit hole of personal finance, and I just found myself naturally drawn to real estate investing.” Jacob Ayers   “Over time, I found myself becoming more entrepreneurial, trying to build up a real estate portfolio and strive to be that full-time entrepreneur.” Jacob Ayers   “I'm not one of those guys who just is absolutely miserable at work and hates my day job. I got into this because I like it and I've got that engineering mind.” Jacob Ayers   “If we look at our schedule and look at what we're spending time on, I guarantee we are all wasting a lot of time.” Jacob Ayers   “Being comfortable is a very easy place to be in, but you're not going to grow being in that place. That's where I think a lot of people find themselves.” Jacob Ayers   “I think sometimes people are born entrepreneurs, but they're not put in the right environment, they're not given the right stimulus for it to come out.” Mike Simmons   “I've got a pretty good way of just breaking things down step by step, tackling things one day at a time, one most important next step at a time” Jacob Ayers   “I see myself in three to five years really growing and scaling this to a significant size, achieving financial freedom, building wealth along the way, and living life on my own terms.“ Jacob Ayers Links: Jacob’s Website Jacob’s Podcast Get Rich Education Podcast 7 Figure Flipping Return on Investments Just Start Real Estate JSRE on Facebook Mike on Facebook Mike on Instagram Mike on LinkedIn Mike on Twitter Level Jumping: How I Grew My Business to Over $1 Million in Profits in 12 Months

For today's episode, I'm excited to welcome engineer turned real estate investor, Jacob Ayers. Jacob is the managing partner of Ayers Acquisitions and host of The Real Estate Way to Wealth and Freedom Podcast. He started buying real estate in 2015 and has grown his portfolio with multifamily properties. He joins us today to discuss his fantastic journey in real estate while he continues to work his full-time engineering job. First, he shares his background story with us and how he got the “stable, corporate job” mentality from his parents like so many of us do. His parents were entrepreneurs, but they considered themselves lower to middle class and wanted Jacob to have an excellent, long-term, meaningful corporate job. Jacob shares with us the reasons he decided to start investing in real estate. He says that he did not find any milestones to complete while working on his full-time job and wanted to make more out of life. He could only see retirement looming far down the road of his life and had a deep desire to do something more. Jacob also talks about his interest in houses and how his engineering mind always wanted to fix and feel things, drawing him into the industry. He decided to take the risk and invest in it. Jacob bought his first rental property in July of 2015, which was a single-family home in his home market of Oklahoma. Jacob shares the details of the purchase, how he financed the deal, and the specific costs and how much he was able to rent it for. Jacob then discusses the financial sources he uses to help himself in the business. He generally uses traditional financing routes, either the conventional Fannie or Freddie loans or local lenders with portfolio loans. We also discuss how to find the right marketing channels for your business. Jacob says he uses local Facebook pages while explaining how it has worked for him in the long run. We get to know the quick check filters Jacob uses to decide whether or not you want to dive deeper into a property. Jacob investigates what type of property it is, its rent-to-value ratio, and whether there are any value-add opportunities in the property. Toward the end of the interview, we learn about Jacob's favorite podcasts and why he chooses them over certain others. He really loves the Get Rich Education podcast by Keith Weinhold and suggests that all the listeners should check it out. Join us for this power-packed conversation with the very knowledgeable and ambitious engineer-investor, Jacob Ayers. Do not miss out on this awesome episode of the Just Start Real Estate Podcast! Notable Quotes: “I was born and raised with this blueprint: Go to school, get good grades, so you can get into college, study something hard, so you can get a good, stable day job.” Jacob Ayers “I started going down this rabbit hole of personal finance, and I just found myself naturally drawn to real estate investing.” Jacob Ayers “Over time, I found myself becoming more entrepreneurial, trying to build up a real estate portfolio and strive to be that full-time entrepreneur.” Jacob Ayers “I'm not one of those guys who just is absolutely miserable at work and hates my day job. I got into this because I like it and I've got that engineering mind.” Jacob Ayers “If we look at our schedule and look at what we're spending time on, I guarantee we are all wasting a lot of time.” Jacob Ayers “Being comfortable is a very easy place to be in, but you're not going to grow being in that place. That's where I think a lot of people find themselves.” Jacob Ayers “I think sometimes people are born entrepreneurs, but they're not put in the right environment, they're not given the right stimulus for it to come out.” Mike Simmons “I've got a pretty good way of just breaking things down step by step, tackling things one day at a time, one most important next step at a time” Jacob Ayers “I see myself in three to five years really growing and scaling this to a significant size, achieving financial freedom, building wealth along the way, and living life on my own terms.“ Jacob Ayers Links: Jacob's Website Jacob's Podcast Get Rich Education Podcast 7 Figure Flipping Return on Investments Just Start Real Estate JSRE on Facebook Mike on Facebook Mike on Instagram Mike on LinkedIn Mike on Twitter Level Jumping: How I Grew My Business to Over $1 Million in Profits in 12 Months

“I wanted to build up enough cash flow to achieve financial freedom so that I could live life on my own terms. What that meant for me was, eventually getting to a point where I could replace my ‘earned’ income with ‘passive’ income, and the key to that, for me, was through cash-flow investment properties.” – Jacob AyersI’m joined this week by multifamily real estate investor, Jacob Ayers. After earning a degree in Fire Protection and Safety Engineering at Oklahoma State University, Jacob headed to Houston, Texas, and dove into the corporate world. It didn’t take him long to realize that going to college and getting a good job was not all it was made out to be. He wanted more financial freedom, fewer KPI’s, and an escape from the nine-to-five.At the young age of 25, Jacob started his real estate investing journey, buying his first rental property and quickly after, transitioning into buying small multifamily properties.Jacob joins me on today’s show to take me on his journey of becoming a young multifamily real estate investor, all while juggling a day job.To learn more about how you can start creating wealth through multifamily real estate investing, visit us at LegacyBloom.com.* NOTE – I had some microphone challenges in this episode, so please forgive the couple of instances of muffled audio – all part of the learning curve. The thing is, when I talk about building “wealth,” I’m talking about more than just money. I’m talking about mindset and your mental outlook; I’m talking about your spiritual health; and I’m talking about how much time you have in your life – for your family, for yourself, or to just do the things you want to do.Never be afraid to encounter challenges – this is where we do our most significant growing. And never let perfectionism keep you from making progress and building wealth!50 Shades of Wealth – Confessions of a Real Estate Investorhttps://businessinnovatorsradio.com/50-shades-of-wealth-confessions-of-a-real-estate-investor/Source: https://businessinnovatorsradio.com/jacob-ayers-how-a-first-rental-property-was-purchased-at-25-years-old

“I wanted to build up enough cash flow to achieve financial freedom so that I could live life on my own terms. What that meant for me was, eventually getting to a point where I could replace my 'earned' income with 'passive' income, and the key to that, for me, was through cash-flow investment properties.” - Jacob AyersI’m joined this week by multifamily real estate investor, Jacob Ayers. After earning a degree in Fire Protection and Safety Engineering at Oklahoma State University, Jacob headed to Houston, Texas, and dove into the corporate world. It didn’t take him long to realize that going to college and getting a good job was not all it was made out to be. He wanted more financial freedom, fewer KPI’s, and an escape from the nine-to-five. At the young age of 25, Jacob started his real estate investing journey, buying his first rental property and quickly after, transitioning into buying small multifamily properties. Jacob joins me on today’s show to take me on his journey of becoming a young multifamily real estate investor, all while juggling a day job.To learn more about how you can start creating wealth through multifamily real estate investing, visit us at LegacyBloom.com.* NOTE - I had some microphone challenges in this episode, so please forgive the couple of instances of muffled audio - all part of the learning curve. The thing is, when I talk about building "wealth," I'm talking about more than just money. I'm talking about mindset and your mental outlook; I'm talking about your spiritual health; and I'm talking about how much time you have in your life – for your family, for yourself, or to just do the things you want to do.Never be afraid to encounter challenges - this is where we do our most significant growing. And never let perfectionism keep you from making progress and building wealth!

“I wanted to build up enough cash flow to achieve financial freedom so that I could live life on my own terms. What that meant for me was, eventually getting to a point where I could replace my ‘earned’ income with ‘passive’ income, and the key to that, for me, was through cash-flow investment properties.” – Jacob AyersI’m joined this week by multifamily real estate investor, Jacob Ayers. After earning a degree in Fire Protection and Safety Engineering at Oklahoma State University, Jacob headed to Houston, Texas, and dove into the corporate world. It didn’t take him long to realize that going to college and getting a good job was not all it was made out to be. He wanted more financial freedom, fewer KPI’s, and an escape from the nine-to-five.At the young age of 25, Jacob started his real estate investing journey, buying his first rental property and quickly after, transitioning into buying small multifamily properties.Jacob joins me on today’s show to take me on his journey of becoming a young multifamily real estate investor, all while juggling a day job.To learn more about how you can start creating wealth through multifamily real estate investing, visit us at LegacyBloom.com.* NOTE – I had some microphone challenges in this episode, so please forgive the couple of instances of muffled audio – all part of the learning curve. The thing is, when I talk about building “wealth,” I’m talking about more than just money. I’m talking about mindset and your mental outlook; I’m talking about your spiritual health; and I’m talking about how much time you have in your life – for your family, for yourself, or to just do the things you want to do.Never be afraid to encounter challenges – this is where we do our most significant growing. And never let perfectionism keep you from making progress and building wealth!50 Shades of Wealth – Confessions of a Real Estate Investorhttps://businessinnovatorsradio.com/50-shades-of-wealth-confessions-of-a-real-estate-investor/Source: https://businessinnovatorsradio.com/jacob-ayers-how-a-first-rental-property-was-purchased-at-25-years-old

In this episode I interview Jacob Ayers the founder of The Real Estate Way to Wealth and Freedom Podcast. He is not only an avid investor in real estate at the age of 30 but he is inspire thousands of people to build wealth and freedom through real estate.Today we talk about how he did his first deal. Get that first one under your belt is often the most important. It's time to get your first deal under contract :) Episode Notes:

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

Avery Carl bought her first rental property at age 26 on a 37,000 salary. Through strategically investing in short term rental properties in mature vacation rental markets, she was a millionaire by 31. She now owns a portfolio of 29 properties and is the CEO and founder of the Short Term Shop, a real estate team that helps investors acquire short term rental properties in the most recession-resistant markets, and trains them on the methods that led her out of the corporate rat race and into financial freedom.  KEY POINTS Short term vs. long term rental properties Mature vacation rental markets vs. metro markets 3 types of markets Mature vacation rental markets (regional) Metro Markets National Vacation Destinations Self-management of short term rentals remotely, from anywhere Analyzing a potential vacation rental for optimal ROI and cash on cash return How to finance short term rentals How to manage your online reputation  LIGHTNING QUESTIONS 1. What was your biggest hurdle getting started in real estate investing, and how did you overcome it? Saving the first down payment. Avery made the sacrifice to live with a very frugal life together with his husband. 2. Do you have a personal habit that contributes to your success? Waking up very early in the morning. 3. Do you have an online resource that you find valuable? https://www.biggerpockets.com/ (BiggerPockets) 4. What book would you recommend to the listeners and why? https://www.amazon.com/Long-Distance-Real-Estate-Investing-State/dp/0997584750 (Long-Distance Real Estate Investing) book by David Greene 5. If you were to give advice to your 20-year-old self to get started in real estate investing, what would it be? Get started investing sooner. RESOURCES Visithttp://m/gp/product/B00NB86OYE/ref=as_li_tl?ie=UTF8&tag=jacob0ee-20&camp=1789&creative=9325&linkCode=as2&creativeASIN=B00NB86OYE&linkId=100a9d2905599266aa7088bba0a33d55 ( Audible) for a free trial and free audiobook download! https://theshorttermshop.com/ (The Short Term Shop) Email: info@theshorttermshop.com https://www.linkedin.com/in/averycarl/ (LinkedIn) https://www.biggerpockets.com/users/averyc4 (Bigger Pockets Episode) The Real Estate Way to Wealth and Freedom podcast is brought to you by Ayers Acquisitions. Ayers Acquisitions is a real estate investment company that acquires cash-flowing real estate in emerging markets. With a focus on multifamily investments, Ayers Acquisitions seeks value-add opportunities in recession-resistant markets and properties that generate strong returns for our qualified investors. To learn more about our investment strategies and processes, visit www.AyersAcquisitions.com. There you can schedule a call with me personally, Jacob Ayers, to connect further. As always – engineer the lifestyle you want.

JAKE MARMULSTEIN Jake is an entrepreneur and business executive, a technology-centric guy, and the President & CEO of the Real Estate Investment Tech SaaS company, Groundbreaker Technologies. It is the most easy-to-use technology available for capital fundraising and investor management, built by real estate investors for real estate investors. He grew up in an entrepreneurial family in the restaurant industry. He got his start in the real estate space as an analyst working for a Real Estate Investment Trust. Working there, Jake identified the need for investment management software, typically only available to private equity firms, family offices, and high net-worth companies, to real estate investors, syndicators, and people just like you. From there, Jake founded and launched Groundbreaker.co. In this interview, Jake explains the software overview of Groundbreaker and how it helps real estate investors and syndicators! KEY POINTS The competitive advantage of adapting digital technology in the real estate space How Groundbreaker helps real estate syndicators and investors Features to consider with investment management software How Groundbreaker enables you to scale with funding and managing deals How technology is impacting the world of real estate investing - pre and post COVID-19 era  LIGHTNING QUESTIONS 1. What was your biggest hurdle getting started in real estate investing, and how did you overcome it? Getting started, Jake didn't know what he was doing. His solution was to act like he knew what he's doing and started gaining experience. 2. Do you have a personal habit that contributes to your success? When in a conversation, Jake always asks questions to develop better relationships with people and get to "why". 3. Do you have an online resource that you find valuable? https://bothsidesofthetable.com/?gi=28e02f15e4aa (Both Sides of the Table) blog 4. What book would you recommend to the listeners and why? https://www.amazon.com/Atomic-Habits-Proven-Build-Break-ebook/dp/B01N5AX61W (Atomic Habits) book by James Clear  5. If you were to give advice to your 20-year-old self to get started in real estate investing, what would it be? Don't use age as a factor in doing something. If you want it bad, go out and figure it out, do it, and get started early.  The Real Estate Way to Wealth and Freedom podcast is brought to you by http://www.ayersacquisitions.com/ (Ayers Acquisitions). Ayers Acquisitions is a real estate investment company that acquires cash-flowing real estate in emerging markets. With a focus on multifamily investments, Ayers Acquisitions seeks value-add opportunities in recession resistant markets and properties that generate strong returns for our qualified investors. To learn more about our investment strategies and processes, visit http://www.ayersacquisitions.com/ (www.AyersAcquisitions.com). There you can schedule a call with me personally, Jacob Ayers, to connect further. As always – engineer the lifestyle you want.  RESOURCES https://groundbreaker.co/ (GroundBreaker.co) Sign up with the Ground Breaker and get 10% off of the first 3 months Code: therealestateway Visithttp://m/gp/product/B00NB86OYE/ref=as_li_tl?ie=UTF8&tag=jacob0ee-20&camp=1789&creative=9325&linkCode=as2&creativeASIN=B00NB86OYE&linkId=100a9d2905599266aa7088bba0a33d55 ( Audible) for a free trial and free audiobook download!

The Real Estate Way to Wealth and Freedom podcast is brought to you by http://www.ayersacquisitions.com/ (Ayers Acquisitions). Ayers Acquisitions is a real estate investment company that acquires cash-flowing real estate in emerging markets. With a focus on multifamily investments, Ayers Acquisitions seeks value-add opportunities in recession-resistant properties that generate strong returns for our qualified investors. To learn more about our investment strategies and processes, visit http://www.ayersacquisitions.com/ (www.AyersAcquisitions.com). There you can schedule a call with me personally, Jacob Ayers, to connect further. As always – engineer the lifestyle you want. Friday Fundamental - Envisioning Your Future Our mind has a unique and uncanny ability to turn out dreams into realities. If you think of it, your life today is the product of years of thoughts and ideas. At one point in your life, you made a decision that led to another and then another and has led you to where you are now. We could chalk that up to “that's just how life works” and move on, but there is a lesson to be had out of that simple realization. We have the ability to envision a future and then through our actions, create that future. That, in itself, is a powerful realization. Anything you can dream, you can do. Why would you settle for anything less than an extraordinary future? If you knew that you would not fail, then what would you strive for? Take a second and think about it. What would your life look like? How would you spend your time? Where would you live? Would you travel to new places? Will you live close to your family? There. You have just imagined your future. Whatever thoughts just flashed into your mind are entirely possible. That life you just imagined can be your reality, and likely will be. I'll outline a 4 step approach that will take you from figuring out your dreams to turning them into a reality. Thinking Visualizing Setting Goals Taking Intentional Action Let's look at each of these in a bit more detail. 1.      Thinking – thinking may seem like the most underrated approach to building a life you want. Thinking, though, is where it all starts. Now you're probably thinking something like ‘really, Jacob? You're telling me to think? What do you think I've been doing all day since the second I woke up this morning?!”. I get it. But I'm talking about a specific type of thinking. The type of thinking I'm referring to here is more of a reflective and introspective approach. It's not thinking about the hustle and bustle of your day today – heading to work, juggling your personal life, running errands, taking care of a family, and so on. You have to do those things no matter what. Setting some time every day or every week to just sit and think will help you start to understand what you really want in life. You can reflect on things in your life, dream of your future, and understand better what you want in your own life. I understand this may sound a bit hokey, and I agree. But what I do know is when I block a few minutes to sit and think, it helps me determine a clear path forward in my own life. If you're like me, you have a busy mind always looking for the next thing, constantly moving forward. I've found that using resources like guided meditation apps and reading personal development books give me something to think about and ways to structure my thoughts. 2.      Visualization – This is where it gets hokey if I'm being completely honest, but I've found myself in times of success when I've visualized my outcomes. This doesn't mean print a picture of a Ferrari, hang it on your mirror and it will magically appear in your driveway next week. Rather, to me what I think this means is visualizing yourself achieving the outcomes you want. This helps your mind to start turning your thoughts into realities. Once you see yourself achieving that desired result,

Hi and welcome to the real estate way to wealth and freedom podcast. I'm your host Jacob Ayers this is episode 293. You're listening to Friday fundamentals. Today I've got some exciting news to announce. The Real Estate Way to Wealth and Freedom is approaching the 3-year mark with nearly 300 episodes. With so many great guests, like Keith Weinhold, Joe Fairless, Rod Khleif, Matt Faircloth, Michelle Bosch, Scott Trench, Christian Montalvo, Brian Burke, just to name a few, this podcast has reached thousands of people including you. I want to thank you for choosing to spend your valuable time listening to the show every week. But more importantly than thanking you, I want to congratulate you on choosing to improve your life, educate yourself, and continue to engineer the lifestyle you want. You have likely made so much progress in the past few years, and have drastically shaped the course of your future. For that, you should be proud. The purpose of this podcast has been and is to bring as much value to you as possible. With that, I'm excited to announce this week's episode is brought to you by http://www.ayersacquisitions.com/ (Ayers Acquisitions). You may recognize the name! Ayers Acquisitions is a real estate investment company that acquires cash-flowing real estate in emerging markets. To learn more about Ayers Acquisitions, visit http://www.ayersacquisitions.com/ (www.AyersAcquisitions.com). Here in mid-March 2020, we're almost a quarter of the way through the year and I hope that the year is shaping up well for you. By now you have a good feel for what is going right, where you have over-delivered, and where you have under-delivered. You can now start to make changes to both your goals and actions based on your results so far. Maybe in let's say February, you slipped up on some of those new year goals, but that doesn't mean it's too late for you to right the ship. We're only a few months into the year with more than 9 months left. You still have plenty of time to course-correct where you need to. That leads us to this week's Friday fundamental. This week's Friday fundamental is wealth and freedom. Yes, wealth and freedom - the two underpinning philosophes of this podcast. So let's jump right into what these two terms mean. And this is just my opinion so take that for what it is. Let's talk about these two terms, what they are and how they relate to you. Let's start with wealth. To me, wealth means that you have a net worth backed by assets that are durable over the course of time. With enough wealth, you can have what's called generational wealth meaning your wealth will outlast you and be passed on to generations after you. Now this obviously sounds very appealing, but there's a catch. There are many people with a lot of monetary wealth, but that monetary wealth isn't very valuable if you don't have the freedom to use it as you wish. Freedom, on the other side of the coin, is the ability to do what you want, when you want, where you want, and with who you want. Wealth can certainly be a factor in your freedom. However, wealth alone will not give you freedom. Freedom requires the right mindset, good health, and time. Let's look at some ways you can achieve both wealth and freedom. Invest in yourself. The great news here is you are already doing this right this very second by listening to this podcast. By investing first in yourself, you are investing in your most valuable asset – your mind. There is no better investment than this. Invest in durable assets over the long term. Obviously real estate is a great asset class for building wealth, as proven throughout history. Following Pareto's Principle or the 80/20 rule, 80 percent of your results come from only 20% of your actions. If you can focus your efforts there and double down, you will see exponential growth in your life. Make money follow you. This is one of my favorite principles shared by guest Keith Weinhold. Don't follow money, but rather make...

Know the internal challenges he encountered coming from an Engineering background and venturing into real estate, discover the reasons why he still wants to be successful in real estate despite having a great career in Engineering, and learn how podcasting helped him in his journey in real estate investing   Resources/Links http://www.jacobayers.com/ Summary Jacob Ayers is a young professional real estate investor, and host of the Real Estate Way to Wealth and Freedom – a top-rated business podcast. Jacob bought his first rental property at the age of 25. He continues to build his portfolio through buying and holding multi-family properties. Jacob was an Engineering graduate, and this career gave him a comfortable life, but he lacked fulfillment in it. He wanted to prove that he was capable of better things. Despite the challenges he had, he achieved financial freedom in a short period. Jacob shows that regardless of your background, anyone can become successful in real estate investing if you have the right mindset, and take action. Today on Property Profits Real Estate Podcast, Jacob shares how podcasting paved his way to discover real estate investing. And now, as an accomplished podcaster himself, he’ll tell more about how it helped him to reach his success and gave him the fulfillment that he truly wanted. Topics Covered: 00:54 – Jacob narrates how his early midlife crisis led him to discover podcasts and later invest in real properties 02:24 – Bought his first rental property – a single-family home at $25,000 03:27 – The type of real estate he primarily focused on 04:55 – How he bought his properties 05:56 – What he would do differently if he’ll start again 07:18 – Mistakes that he sees people make when starting in real estate 08:46 – Internal challenges he experienced due to his engineering background 10:13 – The more profound reason why Jacob wants to be a successful real estate investor  12:02 – Jacob tells the fulfillment he got from doing his podcast 12:32 – The benefits of doing a podcast in real estate investing 13:53 – Deals he made from podcasting 14:44 – Advice to the listeners who want to start their podcast 16:05 – How to connect to Jacob and where to listen to his podcasts Key Takeaways: “The reasons that buy and hold stuck and resonated with me are because you can create wealth over the long-term, and generate passive income in the near term. And those two things combined are a really powerful thing to allow you to create that generational wealth and build financial freedom in the near term.  It allows you to achieve that point that I call financial freedom, and allowing you to essentially be able to retire from your day job, which was a big point in my life.” – Jacob Ayers “Always have that vision and that skill in the back of your mind to get big and do things bigger and quicker.” – Jacob Ayers “I think one thing you’ve got to focus on is the mindset.  Why are you doing this? What’s driving you? And if you can tap into something deep there that will motivate you to take action. And to me, it came down to mindset, having that abundance mindset, having the drive to build something for yourself. That desire is what pushed me over that cliff.” – Jacob Ayers “Podcasting has been the most phenomenal networking tool I think I could have envisioned.” – Jacob Ayers “Think about why you’re going to do the podcast. Those are the reasons why I started doing it. And it’s not passive.  So, don’t go into it with that kind of a mentality because you’ll be sorely disappointed when you come to find out how much work it is.” – Jacob Ayers Connect with Jacob Ayers: jacobayers.com Instagram Connect with Dave Dubeau: Property Profits Podcast www.davedubeau.com www.investorattractiondemo.com Facebook LinkedIn Enjoyed the Podcast? Please subscribe on iTunes for updates

Robert joins Jacob Ayers on his podcast "The Real Estate Way to Wealth and Freedom" to share his experience with real estate investing and the wealth it has brought to his life. Learn more about your ad choices. Visit megaphone.fm/adchoices

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We all have a general belief that having a degree related to your interests can lead us to great places if we keep pursuing our dreams. However, life can always turn 180º and change not only our passion but the way we want to pursue and achieve our goals and dreams.  This is when side hustles come into play. Our today’s guest, Jacob Ayers, is here to share with us how he went from finishing college with a degree in Fire Protection and Safety Engineering to acquire and promote a real estate investment lifestyle. After graduating from college, Ayers moved to Houston, to start working in the corporate world of ‘terrible coffee’ he says. But soon he realized that there was more to do in this life than working office hours for someone else and leaving behind dreams and passions to become a successful entrepreneur. Ayers has always found inspiration from his parents, who told him to never settle and pursue his passions no matter how much time and effort it costs. Constant learner, kayak fisher and the coolest uncle, Ayers's goal by 2020 is to acquire $4,000,000 of real estate and to keep learning to inspire other entrepreneurs to give the first step and change their lives, just as he did back in the day. Find out more about his journey and financial philosophy on this new Income Hacker episode.  “Whether you think you can or you think you can’t, you’re right.” Henry Ford [/et_pb_text][/et_pb_column_inner][/et_pb_row_inner][et_pb_row_inner _builder_version="3.29.1" _i="1" _address="2.0.1"][et_pb_column_inner saved_specialty_column_type="1_2" _builder_version="3.29.1" _i="0" _address="2.0.1.0"][et_pb_text _builder_version="3.29.1" text_text_color="#082342" background_size="initial" background_position="top_left" background_repeat="repeat" custom_padding="0px|||||" _i="0" _address="2.0.1.0.0"]   [/et_pb_text][/et_pb_column_inner][/et_pb_row_inner][/et_pb_column][et_pb_column type="1_2" _builder_version="3.25" custom_padding="|||" _i="1" _address="2.1" custom_padding__hover="|||"][et_pb_vertical_timeline _builder_version="3.29.1" _i="0" _address="2.1.0"][et_pb_vertical_timeline_item title="04:53 " font_icon="%%373%%" icon_color="#ffffff" circle_color="#3a5775" line_color="#7ec34d" _builder_version="3.29.1" headings_font_size="18px" _i="0" _address="2.1.0.0"] Why investing away allows for not engaging emotionally, how it forces you to create systems and processes and unplug from the property to focus on growing passive income. [/et_pb_vertical_timeline_item][et_pb_vertical_timeline_item title="10:30 " font_icon="%%373%%" icon_color="#ffffff" circle_color="#3a5775" line_color="#7ec34d" _builder_version="3.29.1" headings_font_size="18px" _i="1" _address="2.1.0.1"]  Doing nothing about the process can be a huge risk and how to take some action and figure things out by going along with the situation. [/et_pb_vertical_timeline_item][et_pb_vertical_timeline_item title="12:00 " font_icon="%%373%%" icon_color="#ffffff" circle_color="#3a5775" line_color="#7ec34d" _builder_version="3.29.1" headings_font_size="18px" _i="2" _address="2.1.0.2"] Finding priorities outside regular office hours, making a hard commitment to yourself, and being intentional. [/et_pb_vertical_timeline_item][et_pb_vertical_timeline_item title="15:43 " font_icon="%%373%%" icon_color="#ffffff" circle_color="#3a5775" line_color="#7ec34d" _builder_version="3.29.1" headings_font_size="18px" _i="3" _address="2.1.0.3"] Jacob’s steps, experience, and hurdles from single-family houses to large apartment deals and leading towards a larger portfolio [/et_pb_vertical_timeline_item][et_pb_vertical_timeline_item title="19:28 " font_icon="%%373%%" icon_color="#ffffff" circle_color="#3a5775" line_color="#7ec34d" _builder_version="3.29.1" headings_font_size="18px" _i="4" _address="2.1.0.4"] Jacob’s ultimate goal to create a legacy for himself and his family.  [/et_pb_vertical_timeline_item][et_pb_vertical_timeline_item title="21:58 " font_icon="%%373%%" icon_color="#ffffff" circle_color="#3a5775" line_color="#7ec34d" _builder_version="3.29.1" headings_font_size="18px" _i="5" _address="2.1.0.5"] Ryan’s brief explanation of the 1031 Exchange [/et_pb_vertical_timeline_item][et_pb_vertical_timeline_item title="24:55" font_icon="%%373%%" icon_color="#ffffff" circle_color="#3a5775" line_color="#7ec34d" _builder_version="3.29.1" headings_font_size="18px" _i="6" _address="2.1.0.6"] Lawn-mowing and how his parents influenced him to have an entrepreneurial spirit at a young age. [/et_pb_vertical_timeline_item][et_pb_vertical_timeline_item title="29:55 " font_icon="%%373%%" icon_color="#ffffff" circle_color="#3a5775" line_color="#7ec34d" _builder_version="3.29.1" headings_font_size="18px" _i="7" _address="2.1.0.7"] Realizing the impact of other people’s money coming into your life as extra money after paying mortgage and expenses [/et_pb_vertical_timeline_item][et_pb_vertical_timeline_item title="32:49 " font_icon="%%373%%" icon_color="#ffffff" circle_color="#3a5775" line_color="#7ec34d" _builder_version="3.29.1" headings_font_size="18px" _i="8" _address="2.1.0.8"] Constantly looking at the upside and not looking at the downside is one of Jacob’s Income Hacker mistakes.  [/et_pb_vertical_timeline_item][et_pb_vertical_timeline_item title="34:25 " font_icon="%%373%%" icon_color="#ffffff" circle_color="#3a5775" line_color="#7ec34d" _builder_version="3.29.1" headings_font_size="18px" _i="9" _address="2.1.0.9"] Jacobs's perspective on the BRRR strategy and how it really worked out for him [/et_pb_vertical_timeline_item][et_pb_vertical_timeline_item title="42:53 " font_icon="%%373%%" icon_color="#ffffff" circle_color="#3a5775" line_color="#7ec34d" _builder_version="3.29.1" headings_font_size="18px" _i="10" _address="2.1.0.10"] The importance of teaching financial literacy, leverage, cash flow, building wealth and how to achieve financial freedom to young people.   [/et_pb_vertical_timeline_item][et_pb_vertical_timeline_item title="47:53 " font_icon="%%373%%" icon_color="#ffffff" circle_color="#3a5775" line_color="#7ec34d" _builder_version="3.29.1" headings_font_size="18px" _i="11" _address="2.1.0.11"] Jacob’s motivation: the excitement of unlimited potential in real estate investing. 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Summary: We talk with this once Fire Protection engineer on his journey to FIRE via real estate. You can check out his website at jacobayers.com Youtube link: https://youtu.be/_0QNykk8ikc Website link: SimplePassiveCashflow.com/166jacon Start learning about real estate investing - SimplePassiveCashflow.com/start Subscribe to the Top-50 Investing Free Podcast - https://podcasts.apple.com/us/podcast/simple-passive-cashflow/id1118795347 _________________________ Top SimplePassiveCashflow Posts: This website has been going through daily improvements everyday since 2016. I admit things are a bit all over the place as I learn about these investments and wealth tactics. Events – SimplePassiveCashflow.com/events Past Projects - crowdfundaloha.com/past-projects/ Simple Passive Cashflow’s Investor Friend Finder!!! – SimplePassiveCashflow.com/friends Menu of Investing Options – SimplePassiveCashflow.com/menu LaneHack – SimplePassiveCashflow.com/lanehack Group Coaching Mastermind – SimplePassiveCashflow.com/journey Coaching – SimplePassiveCashflow.com/coaching Join our Private Investor Club – SimplePassiveCashflow.com/club Join our Team – SimplePassiveCashflow.com/jointeam Our Mission – SimplePassiveCashflow.com/mission Partner Opportunity – SimplePassiveCashflow.com/partner Products I support – SimplePassiveCashflow.com/products About Lane Kawaoka – SimplePassiveCashflow.com/about-me Quarterly Investor Updates – http://simplepassivecashflow.com/investorletter SPC YouTube Channel – https://www.youtube.com/channel/UC3cIIsGKx3osVU5rt2P0HfQ Real Estate Book Recommendations – SimplePassiveCashflow.com/books Backwards Engineering Happiness – SimplePassiveCashflow.com/happy Rental Property Analyser – SimplePassiveCashflow.com/analyser Visit Lane in Hawaii – SimplePassiveCashflow.com/retreat Start Here – http://simplepassivecashflow.com/start Ultimate Simple Passive Cashflow Guide to… 1031 Exchanges – Simplepassivecashflow.com/1031guide Newbies – SimplePassiveCashflow.com/noob Infinite Banking – SimplePassiveCashflow.com/banking Your Opportunity fund – SimplePassiveCashflow.com/ofund Taxes – SimplePassiveCashflow.com/tax Tradelines – Simplepassivecashflow.com/tradelines Turnkey Rental Guide: simplepassivecashflow.com/turnkey Syndication Guide – simplepassivecashflow.com/syndication Crowdfunding – SimplePassiveCashflow.com/crowdfunding Networking – SimplePassiveCashflow.com/people Private Money Lending – SimplePassiveCashflow.com/lend Investing in Coffee/Cocoa – SimplePassiveCashflow.com/coffee Investing in Non-Preforming Notes – SimplePassiveCashflow.com/ahp Rent don’t buy – SimplePassiveCashflow.com/home Investor Fallacy: Return of Equity – SimplePassiveCashflow.com/roe How to Calculate Investment Returns – SimplePassiveCashflow.com/returns Why you should break up with your Financial Planner – SimplePassiveCashflow.com/fp Quitting your job – SimplePassiveCashflow.com/quit

Summary: We talk with this once Fire Protection engineer on his journey to FIRE via real estate. You can check out his website at jacobayers.comYoutube: https://youtu.be/_0QNykk8ikcWebsite: SimplePassiveCashflow.com/166jacobStart learning about real estate investing - SimplePassiveCashflow.com/startSubscribe to the Top-50 Investing Free Podcast - https://podcasts.apple.com/us/podcast/simple-passive-cashflow/id1118795347_________________________Top SimplePassiveCashflow Posts:This website has been going through daily improvements everyday since 2016. I admit things are a bit all over the place as I learn about these investments and wealth tactics. Events – SimplePassiveCashflow.com/eventsPast Projects - crowdfundaloha.com/past-projects/Simple Passive Cashflow’s Investor Friend Finder!!! – SimplePassiveCashflow.com/friendsMenu of Investing Options – SimplePassiveCashflow.com/menuLaneHack – SimplePassiveCashflow.com/lanehackGroup Coaching Mastermind – SimplePassiveCashflow.com/journeyCoaching – SimplePassiveCashflow.com/coachingJoin our Private Investor Club – SimplePassiveCashflow.com/clubJoin our Team – SimplePassiveCashflow.com/jointeamOur Mission – SimplePassiveCashflow.com/missionPartner Opportunity – SimplePassiveCashflow.com/partnerProducts I support – SimplePassiveCashflow.com/productsAbout Lane Kawaoka – SimplePassiveCashflow.com/about-meQuarterly Investor Updates – http://simplepassivecashflow.com/investorletterSPC YouTube Channel – https://www.youtube.com/channel/UC3cIIsGKx3osVU5rt2P0HfQReal Estate Book Recommendations – SimplePassiveCashflow.com/booksBackwards Engineering Happiness – SimplePassiveCashflow.com/happyRental Property Analyser – SimplePassiveCashflow.com/analyserVisit Lane in Hawaii – SimplePassiveCashflow.com/retreatStart Here – http://simplepassivecashflow.com/startUltimate Simple Passive Cashflow Guide to…1031 Exchanges – Simplepassivecashflow.com/1031guideNewbies – SimplePassiveCashflow.com/noobInfinite Banking – SimplePassiveCashflow.com/bankingYour Opportunity fund – SimplePassiveCashflow.com/ofundTaxes – SimplePassiveCashflow.com/taxTradelines – Simplepassivecashflow.com/tradelinesTurnkey Rental Guide: simplepassivecashflow.com/turnkeySyndication Guide – simplepassivecashflow.com/syndicationCrowdfunding – SimplePassiveCashflow.com/crowdfundingNetworking – SimplePassiveCashflow.com/peoplePrivate Money Lending – SimplePassiveCashflow.com/lendInvesting in Coffee/Cocoa – SimplePassiveCashflow.com/coffeeInvesting in Non-Preforming Notes – SimplePassiveCashflow.com/ahpRent don’t buy – SimplePassiveCashflow.com/homeInvestor Fallacy: Return of Equity – SimplePassiveCashflow.com/roeHow to Calculate Investment Returns – SimplePassiveCashflow.com/returnsWhy you should break up with your Financial Planner – SimplePassiveCashflow.com/fpQuitting your job – SimplePassiveCashflow.com/quit See acast.com/privacy for privacy and opt-out information.

Jacob Ayers is the kind of guy who is going to remove all of your excuses. In this episode, Shecky interviews this bright young man who already has a substantial portfolio, and is still in his TWENTIES. In this episode, you'll learn some key things to bring you success…. - How to get the motivation to do REI as a Side Hustle - Mistakes not to make when investing out of state - What Real Estate investing can do that other kinds of investments can't - What's the one key ingredient that applies across ALL successful investors Check it out NOW! Like us on Facebook to stay up to date with new episodes and exclusive content from Jack, Shecky and our guests!-https://www.facebook.com/High-Return-Real-Estate-Show-2218195228498526 Learn more about Jacob at www.jacobayers.com. Visit Our Website To Learn More About How We Handle True Turnkey Properties: https://highreturnrealestate.com/ Follow us on Social: https://facebook.com/HighReturnRealEs... https://facebook.com/High-Return-Real...

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

Jacob Ayers and I first met after we were both guests on the BiggerPockets Podcast (Show 281)! Jacob is a fire protection engineer that owns 8 rental properties currently! He is also the host of a podcast called The Real Estate Way to Wealth and Freedom (of which I've been a guest)! Jacob is an all around nice guy, with a level head, and great knowledge about real estate investing. I look forward to seeing what 2019 has in store for him! - http://www.jacobayers.com/  - Join me in the BiggerPockets Pro community! https://www.frommilitarytomillionaire.com/we-recommend-BP-Pro/ 

Jacob Ayers is aiming towards 1,000 doors by the time he turns 30 years old and we talk about how he plans to get there. We love his story this week because it represents so many millennials who have that feeling that there has to be something more. Jacob started with a couple creative deals that we talk about in detail that gave him the ability to experiment and also gave his investment portfolio the strong foundation it needed to keep growing. We go into some the advantages to being a new investor like blazing past hurdles you didn't even know were supposed to be challenging.   Jacob also runs The Real Estate Way to Wealth and Freedom podcast where he has interviewed a ton of awesome guests. Be sure to check it out!

There are so many ways you can invest in real estate from wholesaling, to fix and flip, buy and hold rentals, raw land, note investing, private lending, syndication, raising private capital, house hacking, etc., the list goes on and on. With each of these different approaches, the same term gets used a lot, even misused. That term is passive income. The truth is, no investment is truly passive. Some investments are more passive than others, but none are truly passive. At the very least you have to vet deals, build systems and process, and manage those systems and processes. When first starting out investing in real estate, you’ll likely self manage your property, which requires you to find, screen, and place tenants, manage maintenance requests, pay the bills, keep accounting records, manage insurance policies, handle leases, etc. This is by no means a passive approach. But it is an approach many people find themselves doing with illusions it is passive. Sure, at times it can be relatively smooth sailing. But at other times it can feel as if the wheels are falling off the wagon. I know, because this is where I got my start investing in real estate. There have been a lot of peaks and valleys. So what is one to do it they want a truly passive investment? Well, as far as I know there is no such thing. Here’s why I say that. Let’s say you have a large sum of money you want to invest of $1,000,000. First you consider traditional asset classes, like stocks, bonds, and mutual funds. You’re probably going to enlist the help of a money manager. Well now you need to research that manager and firm. Already your investment is not so passive. Then you need to meet or talk with that manager periodically to review your portfolio, make adjustments, etc. You’ll likely find yourself watching the news, keeping up with the market, and searching for that next big opportunity. You’ll concern yourself with which companies are expected to beat earnings, which are going to increase or cut dividends, etc. Next thing you know you can’t go a day without worrying about the market. And the worst part is, that’s all you can do is worry. You cannot control the details of any vehicle you invest in. So next you consider investing your $1,000,000 in real estate. As we discussed, there are numerous ways to do so. You could buy quite a few single family homes. You would need to research, interview, and vet a qualified property manager. Then you would have to manage that property manager, review monthly income & expense statements, and navigate through all those other things we talked about. This approach isn’t so passive, you come to find out. You decide that instead you’re going to loan money for real estate projects. You have to vet the borrower, understand and vet the project, have the contract drawn up by an experienced attorney, and then hope the project is successful and you are repaid your money with interest. This is a bit more passive, but not entirely. With this less involved approach, you lose out on a lot of those benefits of real estate, like the power of leverage, depreciation, principal pay down, etc. The moral of this story is investing money requires at least some level of due diligence and active involvement. Nothing is truly passive. If you are going to invest your money over time, then you should pick the best investment vehicle and strategy that fits your goals. If you want to be very hands-on, then perhaps building a business is the best approach. You’re investing both your time and money by doing so, and hopefully one day you can automate that business and step away from it. If you want to be as hands-off as possible, then partnering with someone else or a group of people is probably the best option. But remember our private money lending scenario, where you are less involved, but also less rewarded. So what is one to do? It all comes down to what your goals

With Thanksgiving approaching this week, it’s a great time to reflect and think about what you are thankful for. Gratitude and being thankful are important qualities in one’s life. I say qualities, but for me I try to make them more of a habit by writing down one simple thing or person I’m thankful for everyday. Doing this, puts everything in perspective in the present. In that moment of gratitude, you’re not looking towards the future. You’re not focusing on your goals. You are simply looking around you and noticing all the great things in your life. This practice will help ground you and show you that you have so much to be thankful for right now, from material things to people and relationships. Speaking of people and relationships, another thing that’s been on my mind recently is how much you can learn from others. Every single person you meet in this life knows something you don’t. Keep that in mind as you meet new people, catch up with old friends, or the next time you see that friend, spouse, family member, or coworker. Everyone knows something you don’t. You can learn something new just by talking with people. That’s really the entire premise of this podcast. From ultra-successful and experienced real estate investors like Brian Burke, Vinney Chopra, Keith Wienhold, Joe Fairless, Ivan Barrat, Andrew Campbell, Reed Goossens,and Rod Kleif (just to name a few), to up and coming young-guns like Christian Montalvo, Lane Kawaoka, Brent Kawakami, and David Pere, each and every one of these people have something they can share and teach almost anyone. It’s been a pleasure and great experience getting to bring these people on the podcast, and share their journeys, experiences, and stories with you. I’m sure you’ve taken away a lot of awesome stuff from each one of these people, as I know I have. But beyond these awesome go-getters, there is something to be learned from everyone. If you simply tried to take away one little nugget of information from every person you speak to,then imagine the wealth of knowledge you’ll accumulate over the long term. Here are just a few takeaways and reflections of just a few of the many great guests we’ve had on the podcast. Smile, be happy, and treat others well. This is the mantra of Vinney “Mr. Smiles” Chopra. Vinney has a true rags to riches story, coming to the U.S. from India as a young man with only $7 in his pocket. He started out selling bibles door to door. Vinney became an engineer, then transitioned into multifamily syndication where he has experienced enormous success, completing over 26 successful syndications over the recent years. Vinney credits much of his success to the people he surrounds himself with. If you’ve heard either of Vinney’s episodes on the podcast, you know that he is a very pleasant and positive person. The scarcity mentality is abundant, and the abundance mentality is scarce. Keith Weinhold, host of  Get Rich Education, practices and preaches the abundance mentality. Keith values his return on time invested, just as much as his return on money. He shows you how you too can achieve financial freedom through real estate investing while building a lifestyle by design. Build it and they will come. This has been Joe Fairless’ strategy for building his $400,0000,000 real estate empire in his 30’s. Joe has built a brand, which he famously calls The Best Ever, consisting of the longest running daily real estate podcast, a blog, videos, books, events, and masterminds. Joe is a proponent for finding a mentor and learning from them. He has taught and mentored hundreds of real estate investors to do what he does – buy apartments. Joe condenses his experiences into three principals, which he calls his 3 Immutable Laws of Real Estate: Buy for cash flow, not appreciation Secure long term debt Have adequate cash reserves Building a

As real estate investors, we all encounter fear at some point. Maybe you’re afraid you don’t have what it takes to scale up your investing. Maybe you’re afraid you’re too young or inexperienced to even get started. Or perhaps you think you have to quit your job and go all-in on investing to really make […]

Jacob Ayers was lead down the tradition path of “go to college and get a good job”. He quickly realized that blueprint only gets someone so far. And he wanted to do bigger and better things! So Jacob did his very first deal and bought a $25,000 rental ready house! That he even financed! This was an awesome start to his real estate journey. Topics discussed: Rentals CashFlow Creative Financing Links mentioned in this episode: Schedule a call with Adam http://second-example.com

Jacob Ayers is a young professional, real estate investor and a host of The Real Estate Way to Wealth and Freedom - a top rated business podcast. Jacob's journey started when he graduated from Oklahoma State University with a degree in fire protection and safety engineering. After college Jacob moved to Houston, Texas and dove into the corporate world of terrible coffee, KPI's and the monotony of a 9-to-5 life.

Jacob Ayers is a young professional, real estate investor, and host of The Real Estate Way to Wealth and Freedom - a top rated business podcast. Jacob’s journey started when he graduated from Oklahoma State University with a degree in Fire Protection and Safety Engineering. After college Jacob moved to Houston, Texas and dove into the corporate world of terrible coffee, KPIs, and the monotony of a new 9-5 life. Jacob accepted this lifestyle because he truly enjoyed the work. He’s always had a knack for building things, both physical and intangible, and a passion to help people solve problems. Wanting more control over his life, Jacob set out to learn how to engineer a lifestyle he has always dreamed of. Jacob bought his first rental property at 25 years old and quickly after transitioned into buying small multifamily properties. When Jacob isn’t building his real estate empire, he enjoys kayak fishing, exploring new places and rough housing with his niece and nephews.

#179: Money is an abundant resource. I tell you why. When you’re looking to move accumulated equity, should you do a: 1) Straight sale. 2) 1031 Tax-Deferred Exchange. 3) Cash-out refinance. Avoid lazy money. My personal internet bill is $145, cable $126, phone around $100. Who cares? You learn how much I like to spend on a hotel. Uber and Lyft are killing the parking business. Learn how to estimate rental property operating expenses. Want more wealth? 1)    Grab my free E-book and Newsletter at: GetRichEducation.com/Book 2)    Actionable turnkey real estate investing opportunity: GREturnkey.com 3)    Read my new, best-selling paperback: getbook.at/7moneymyths Listen to this week’s show and learn: 00:52  Wealthy people’s money either starts in RE or ends up in RE. 02:03  Listener question about 1031 Exchange vs. Cash-Out Refinance. 13:20  Lazy money. 15:04  Other podcasts. 16:09  Free book. 19:11  More on Dave Ramsey. 20:26  Why money is an abundant resource. 24:36  “Uber Really Is Killing The Parking Business”. 29:18  Residential real estate is here to stay. 30:07  “Return On Life” and passivity. 32:47  Don’t underestimate rental property expenses. Resources Mentioned: Article: Uber Is Killing The Parking Business GRE Video: Operating Expenses GRE Book: 7 Money Myths Podcast: The Real Estate Guys Podcast: Cashflow Ninja Podcast: The Real Estate Way Mortgage Loans: RidgeLendingGroup.com Cash Flow Banking: ValhallaWealth.com Find Properties: GREturnkey.com Education: GetRichEducation.com Welcome to GRE, Episode 179. I’m your host, Keith Weinhold. From Saratoga, Australia to Saratoga Springs, New York and across 188 nations world wide. This is Get Rich Education and we are cultivating a Real Estate Of Mind here. That is because wealthy people either start out in RE, or wealthy people’s money ends up in real estate. It’s either one or the other. ...and you know, the most important piece of real estate may very well be - that real estate right between your two ears - your mind We come from an abundantly-minded place here at GRE. If you want to learn about combining vinegar and water in a bottle because it’s cheaper than Windex. Well, you’re not going to learn about that here. If you’ve been wearing the same pair of monthly contact lenses for the last two years...then, well, you didn’t learn to do that here either here. In fact, money itself is an abundant resource, not a scarce one. We’re going to talk more about that today. We’re going to talk about passive income and define what exactly that means. We’re also going to talk about how to best increase your velocity of money. Is it by doing a 1031 Tax-Deferred Exchange or a Cash-Out Refinance - with your income property. Let’s go to the listener question about this. Listener Jacob Ayers asks: To move equity, should I do a 1031 Tax-Deferred Exchange or a Cash-Out Refinance? Thank you for that rather eloquently-stated question there, Jacob - and it is a germane time to discuss this. There’s a lot of equity out there that is ripe for harvest because most markets have appreciated a good 7-8 years in a row here. Really, this is a question about moving equity to keep it working for you. What is the best vehicle for increasing your velocity of money? Since the return from property equity is always zero, ideally you want to take a big chunk of it and splinter it off into a bunch of little pieces and that way you can leverage more property. Let’s back up. There are actually three ways for you to move equity should you so choose that it’s right for you. The first way is to... Sell Your Property - That way, you can get all of your equity out. Now, Jacob, you’re a savvy investor so that’s why you probably didn’t even bring that up as one of the ways that you can move equity. Because, of course, the big problem with this is that when you sell an income property. You could sell your current equity-heavy property and buy another. But the problem with selling is that you'd probably have to pay capital gains tax, which would reduce the equity you have available to re-invest. You’re also going to have to pay depreciation recapture. Yep, that is all of the depreciation that you wrote off against your taxes every year that you owned the income property will be recaptured off that first income tax return you file after the building sale. So you might have a nice gain but the tax hit is harsh. That is, of course, unless you move your equity in the second of three ways and you perform a 1031 Tax-Deferred Exchange. If you meet the rules of the 1031 Exchange, you can avoid all of the nasty bite of the capital gains tax and all of the depreciation capture. Yes, it can be 100% avoided. In fact, the Exchange is the best way to move your equity. If you follow the rules and do the exchange properly, you can move 100% of your net equity, tax-free. Sometimes people point out that exchanging is really tax-deferred, not tax-free.  But, c'mon, the exchange itself, if done correctly, is tax-free.  The capital gain is carried to the next property without being taxed.  Therefore, in real estate, capital gains is a voluntary tax.   What I mean by that is the gain is not taxed unless the you, the owner, volunteers … by selling the property outright.   Instead of selling, savvy investors continue to exchange until they die and then your cumulative gains over your entire lifetime - they are forgiven upon your death - and that’s because of the stepped-up basis rules.   Be sure to ask your good tax manager about the details of the stepped-up basis rules. I’m not going to get into that here. But that’s why it’s effectively tax-free But whether you call it tax-deferred or tax-free, exchanging is one of the most powerful things in the entire tax code, but it’s very much misunderstood by many accountants, attorneys and real estate agents. Actually, during my first-ever 1031 Exchange I soon learned that my income property agent had never gone through this before. Now I devoted an entire episode to the 1031 Exchange here for you a few months ago, so I’m not going to get into all the details and rules again here. The most important thing that I can tell you, to pull off a 1031 Exchange, is to enlist a 1031 Exchange Qualified intermediary early on - before you even sell the property that you want to sell. From the time that you sell the equity-heavy property that you want to get rid of, you have 45 days to identify a qualified replacement property, and 180 days to close on that identified replacement property. ...and there are all kinds of rules and limits around how to identify property. But it must be specific. You can’t say that your replacement property is going to be a green duplex in Kansas City. You’ve got to give a specific legal address. The episode that I completely devoted to he 1031 Exchange topic a few months ago where I discuss the rules and the critical mistakes to avoid, and the deadlines and everything else for you, that is Get Rich Education podcast Episode #143. So the first way to access equity in a property is to sell it outright, the second way is through the exchange, and the third way that you mentioned, Jacob, is with the cash out refinance. The problem with the cash-out refinance is that you typically cannot access all of the equity in a property because you are not selling it like you are with the other two methods. So if you’ve got 50% equity in a property that you want to get rid of, you can get all 50% out with the straight sale or the exchange. But you might only be able to access 30% of the property value with a cash-out refinance because you might only be able to get an 80% loan-to-value loan. A bank is going to make you keep 20% equity in there as your skin in the game. The advantage of the cash-out refinance is that you shouldn’t have to pay tax on the equity that you extract because the IRS classifies this as debt. There’s no tax on debt that you’ve originated. One advantage of the cash-out refi over the 1031 is that the cash-out refi is faster & less stressful. You can move at your own pace. With a 1031, you’re selling at least one property and buying at least one property, so now you have all these steps - inspection, appraisal, you’ll incur make-ready expenses, and you’ll often be paying an agent commission too. With a cash-out refi., you typically just have an appraisal - no inspection, no make-ready, and no agent commission. But a 1031 is typically the best vehicle for moving equity from a “dollars” perspective. A 1031 is also a better move if you want to sell a “dog” of a property that you can’t seem to keep rented to decent tenants or something, but yet you’ve built equity in the property. If you own a property that’s been good to you but it’s become too equity heavy, you might be tempted to do a cash-out refi instead of a 1031, but yet if you can replace your nice cash-flowing property with one that cash flows even better, look at the 1031. When it comes to the cash-out refi, if you think that’s a better choice, remember - and this is especially true if you’re looking to do a cash-out refi of your own home - your primary residence, you can often take out a second mortgage and keep the first mortgage in-place, untouched. That might be a good option if you still like your first mortgage’s low interest rate or it’s advanced amortization schedule. A cash-out refi doesn’t mean that you have to restructure every part of the debt on one property. You can keep a first mortgage in-place and see if you qualify for a second. Just a word of caution on the second mortgage cash-out refi - if your second is a HELOC - home equity line of credit, those HELOC interest rates are not fixed. They float in lockstep with the Federal Funds rate which is expected to increase. To be safe, you want the CCR from your new purchase to equal or exceed that of the mortgage interest rate on the property that you just took cash out of. Although I like the 1031 more than the cash-out refi overall, I can think of a couple other disadvantages of the 1031. With the 1031 Tax-Deferred Exchange, you might experience a degree of stress, much of it having to do with the timing of meeting those 45 and 180 day milestones that I mentioned earlier. You don’t really want to be on a 3-week vacation to Peru and Ecuador during a 1031. On the properties that you identified as replacements for moving your equity into them tax-free, something might get slowed down in your ability to buy them that’s out of control, or if you’re looking to 1031 your equity into new construction property and the new construction is going too slowly, that can create some stress. With the cash-out refi., you’re on your own deadlines, not the 1031 deadlines that the IRS sets for you. You know another thing - another small disadvantage with the 1031 Exchange that people never think about - and everyone overlooks this. I didn’t really see it coming until I had the ball rolling with my first-ever 1031. It’s that during that time - those three months or so after you’ve sold your relinquished property and before you’ve closed on your replacement property, you’ve lost cash flow… ...because there’s that gap there - that delayed exchange gap where you don’t own some property for a period of a few months. I’ve done a 1031 with a substantial chunk of my portfolio, and I had about three months where a major piece of my cash flow was cut off until I closed on the replacements.   1031s & cash-out refis have definitely been good for me. I’ve made some mistakes in real estate investing for sure, but having an early awareness of the fact that dead equity isn’t serving me and then actually doing something about it really helped me get me to where I am today. If you’ve got a lot of equity in a property or a property paid off, you’ve got to realize that your money just got lazy. Not only is it not working for you, you’re paying the opportunity cost of not using it to also leverage other people’s money work for you. Don’t let your money get lazy. So when I’ve built up around 35% equity in an income property, that’s when I’m looking forward to moving it. It’s that 35% mark. With a primary residence, it would be less than 35% because I can pull more out - I can pull out equity up to a higher loan-to-value ratio. Just think about property that you have 50% equity in. Your leverage ratio is been slashed to 2:1. If you reposition it with 20% down payments on multiple properties, now your leverage ratio is 5:1. That is just huge, and it’s great as long as you’ve safeguarded controlling your cash flow… ...and we love cash flow - but what has created more wealth for real estate investors is really leveraged appreciation so consider keeping your leverage ratio up there by maintaining small equity positions in a bunch of properties. You know what else? The more that you learn about the economy, pulling $ out of property and transferring it into another property actually expands credit, that very act expands the money supply, and it stokes inflation… ...and as you know from listening to this show, inflation is actually our friend. Great question from Jacob - asking about the pros and cons of a 1031 Exchange vs. a cash-out refinance. By the way, that “Jacob” was “Jacob Ayers” - he is the host of “The Real Estate Way To Wealth And Freedom” podcast. That’s another show that you can listen to. You know what’s funny - some podcasters don’t want to talk about other podcasts similar to theirs or they’re afraid that they’re going to lose listeners to that other show that they talk about. Well, I just don’t feel that way - and well, maybe that’s part of my abundance mentality. Of course, I value my listeners and anyone wants more listeners just like an artist would want more people to see what they’ve spend weeks working on - on canvas. You can check out The Real Estate Guys Radio Show with Robert Helms and Russell Gray. That’s a really good one. Sheesh, I’ve even got a commercial on my show that tells you about someone else’s podcast - the Cashflow Ninja hosted by my friend M.C. Laubscher. That’s another good show that you can check out. He’s had some great guests on that show like Ron Paul, Robert Kiyosaki, and Jim Rogers. Once again, Jacob Ayers’ show is called “The Real Estate Way To Wealth And Freedom”. Uber and autonomous cars are killing the parking lot and that’s going to change real estate. I’m going to discuss that in a bit. I’ve also got some Dave Ramsey fallout from our episode from two weeks ago. You know, if you want to learn more about the misconceptions around debt and equity - which have been woven into this discussion so far - and how to use debt and equity to your advantage - and in the way that affluent people use them… ...and why getting your money to work for you won’t create wealth and how to get other people’s ethically working for you to create wealth for yourself and a lot more... I wrote a book less than 9 months ago about how you can do that. You can get the e-version of my book completely free. Not just a free chapter or something but the complete e-book free... ...Robert Syslo is going to tell you how easy it is to do that now. Go. ________________ Welcome back to Get Rich Education. I’m your host, Keith Weinhold. We got more great feedback on our episode from two weeks ago when we were talking about the largely - really - antiquated Dave Ramsey ‘debt-free’ School Of Thought. We’re talking about a School Of Thought that has - in the past - suggested that people eat things like cheap processed Ramen noodles - and beans and rice - so that they’ll have more money in their pocket so that they can pay off a car loan or a mortgage loan. When you pay down debt that’s lower than the rate of inflation, you’ve actually diminished your prosperity now. So now you’ve diminished your prosperity and you’ve eaten Granola bars and Cup O’ Noodles so now you’ve sacrificed your health - just to diminish your prosperity - plus...you took your time to learn about how to live like that!? That is just so absurd, scarcity-minded, and that is not serving people. Ugggh. I’m not going to go on, I don’t want to dip into hyperbole, but hearing about that stuff is just really dispiriting. If I’m going to use my time to learn about something, I want to learn about how to produce, not reduce. I think part of that is realizing that money is actually an abundant resource. Yes, money is an abundant resource. How much currency does the Treasury Department print every day? During Fiscal Year 2014, the Bureau of Engraving and Printing delivered approximately 6.6 billion notes to the Federal Reserve. They produced approximately 24.8 million notes every day with a face value of approximately $560 million. Those numbers are so large, some people can’t even fathom it. Those stats right there can actually be picked apart all day. Most dollars aren’t even printed, of course, they’re digital and they’re created out of thin air when dollars are borrowed into creation - but it just gives you some idea of how abundant money is. Look, my monthly internet bill is $145 and my Cable TV bill is $126 - yes, I have cable because it’s just a nice option and money is an abundant resource. I just learned this because I just saw the bills come in. You know, I’m just really barely aware of my consumer bills. I’m into expanding my upside instead. I don’t even know how much my monthly phone bill is. Maybe $100. So for internet, cable and phone combined, that’s...what three hundred seventy-some dollars a month? Is that a lot? It just doesn’t matter that much. I’m focused on what matters. Expanding the upside. Money is an abundant resource. How much do you like to spend on a hotel? To me, it seems like $300 a night is a common number to spend at a good hotel. What about a $79 hotel? I wouldn’t even want to stay there. I might not even want to stay there for free. But you know what, everyone has learned how to tap into abundance at a different level. Everyone’s got their price. OK, what about a $2,500 hotel. What if I were staying there? I might think that that price is pretty steep. I’ve got to admit, I would be asking myself a question like “Now why am I staying at a $2,500 hotel? Is this my honeymoon or something?” Maybe I would soon move to another hotel. Well, didn’t I just say that money was an abundant resource, so what’s my problem? Maybe the Amazon Founder, Jeff Bezos - he wouldn’t want to stay in a $300 hotel like I’m more used to and I just think of as standard. He might live in the $2,500 hotel year-round if he had to because it doesn’t matter to him. See Jeff Bezos and Amazon.com have figured out how to provide more value to more people than you have - and than I have. Money is an abundant resource. But just because something is abundant, doesn’t mean that it has no value. Look, the air that you breathe is pretty abundant all around us but it’s also really valuable. We would die without air just like we would financially die without money. But yet they’re both abundant. Right now I’m not too far - and maybe you’re not too far - from a parking lot with hundreds of cars in it. So cars look pretty abundant but each one still has value and utility just like dollars. So the point is that a scarcity mindset and an abundant mindset are relative in a sense. But really, if you’re looking to produce before you reduce, it’s an abundant mind. Money is an abundant resource, and the amount of the world’s abundant supply of money that will be allocated to you on this earth is directly proportional to how much value you create for others… ...how much sound housing you can create for others. Money is an abundant resource. Well, way back in Episode 13 of Get Rich Education, more than three years ago, I did an episode called “Autonomous Cars Will Soon Disrupt Your Life and Investments”...and I talked about how this will have implications for real estate investing. Well, we’re already seeing the world go that direction. In fact, ride-sharing services are accelerating this effect. Fortune magazine just reported this in the last couple weeks here, in an article titled “Uber Really Is Killing The Parking Business”. In the article, it outlined how Ride-hailing services like Uber and Lyft are having a negative impact on the demand for parking. The picture, at least for those trying to rent you a parking spot, is bleak. In the email, unearthed from a company report by the San Diego Union-Tribune, Ace Parking CEO John Baumgardner says that demand for parking at hotels in San Diego has dropped by 5 to 10%, while restaurant valet demand is down 25%. The biggest drop, unsurprisingly, has been at nightclubs, where demand for valet parking has dropped a whopping 50%. The numbers appear to be estimates, and Baumgardner doesn’t describe a timeframe for the declines. The assessment, written last September (6 months ago now), is also limited to San Diego, though an Ace Parking executive told the Union-Tribune that it has seen “similar” declines at its 750 parking operations around the United States. The company is focused on using technology, including better parking scheduling and booking options, to try to remain healthy. But much more is at stake than the revenues of the parking business – cities stand to benefit immensely as demand for parking drops. Parking spaces and lots generate relatively little tax revenue or economic activity relative to commercial operations, and increasing sprawl may actually harm the economy of cities like Los Angeles. Even back in 2015, cities were already relaxing zoning requirements that set minimum parking allotments, and there are now even more signs that city planners are thinking differently about parking. [Now get this] - Perhaps most dramatically, a new Major League Soccer stadium being planned for David Beckham’s Miami expansion team may include no new parking at all – but will have designated pickup zones for Uber and Lyft. The decline of parking will only be accelerated if and when autonomous vehicles become widespread. That sea-change which will make it easier to locate parking at a distance from urban destinations, and could further reduce car ownership. That will be bad news for the Ace Parkings of the world – but everyone else should welcome the decline of the urban parking lot. ...and that’s “it” for the article. I told you back in Episode 13 that this will spell a dramatic shift in the character and makeup of inner-cities and suburbs alike. Right now, many U.S. cities have central agglomerations where the surface area is 40 to 60% parking spaces. When you hire a ride-share car, you didn’t need to drive your own car to work and you didn’t have to park your car. Soon autonomous cars are expected to be all over the road and they’ll just always stay in motion. You know what else this means for homes in the suburbs - homes with garages could become less desirable over time. Now, they’ll probably just repurpose the garages, but… In any case, so many trends are changing the way humans interact with real estate and the economy… The internet diminished the need for office space as that almost completely wiped out the need for things like travel agencies. The internet reduced the number of all kinds of other business like the number of bank branches. Of course, Amazon keeps killing off traditional retail consumer good purchases. Ride-share services and autonomous cars are diminishing the parking business - this one is now happening in front of our eyes - it is happening now - there’s no more “someday” on that one. ...And despite all these trends, the residential real estate space is hardly impacted. That’s why we focus on the residential space here - not only is it easier to understand because you interact with residential space every day of your life, but residential is here to stay. Well, because we’re around residential real estate every day it’s kind of paradoxical that it’s so misunderstood by so many people. When you tell a lot of people that you’re a real estate investor, oftentimes they think that you’re a house flipper, and then if they hear that you’ve got rental property, the next thing that they think about is that you must be the landlord. If you’re either of those things - especially the landlord - you’re not getting a very good ROL - Return On Life. So let’s talk about passivity. You have the ability to make real estate investing passive - and at the beginning of this show - it says that you’ve created more passive income from this show than nearly any other show in the world. Well, even if you’re “hands-off” and you’re not the landlord, it still doesn’t feel so passive if you’ve got a week where your rental property’s roof blew off and you’re looking at contractor quotes that your manager has pulled together for you and managing an insurance claim that you had to put in. Aren’t you working for your passive income a little bit then? ...and I would say that, yes, you are at that time. Your property might operate 24 hours a day, 7 days a week for many weeks in a row or even months in a row without your involvement at all. It probably operates for you passively 98 or 99% of the time or more...passively. That’s why it’s called passive income. For you, it’s hands off. You’re not fixing leaky faucets and you’re not collecting rent checks. When the problem that you have 1% of the time blows over, you’re right back to passive again. Alright, compare that to your work-a-day job. What happens when you have a problem at work? You handle it, and what happens when that problem is handled and goes away - you go right back to active income. At work whether you have a problem or whether things are going fine, it takes your involvement. ...and that’s really my point here for you. It’s NEVER passive - unless you’ve got some vacation time. Then maybe you can say your active job is just 5 or 10% passive. In real estate investing with the way we do it, passivity is the norm, not the exception. So, just keep that in mind if - not if - but when - you have to be resilient during some bumps in your “almost-always” passive real estate investment portfolio. You know, there is so much that I want to talk to you about every week that I just can barely fit it in. That’s why I do these monologue shows with no guest once in a while. I haven’t even told you about my recent RE field trips to Florida or Belize yet, though I’m really looking forward to telling you more about those here. You are really out there taking action so before you go, let me just help you with one other thing while you’re out there looking at properties. Don’t underestimate the expenses that you project that your property will have. Of course, your mortgage and all of your other expenses are 100% outsourced to your tenant in a cash-flowing property! It’s easy for you to remember that you have a mortgage payment (principal plus interest) because that’s your largest expense. You know that I’ve mentioned that an easy way to remember your other recurring expenses - which are really all of the operating expenses - because mortgage principal and interest are not an operating expenses… ...is with the acronym “VIMTUM” - and I mentioned VIMTUM last week when Clayton Morris interviewed me, but let’s hit each one of these: Vacancy – This depends on your property type, the local job market, and more. 8% of the gross rent amount is often a good number, equating to about one month per year of vacancy. If you’re in a strong job market, 4-5% might work. You’re guessing here. Insurance – Your lienholder requires you to have property insurance. Having a policy reduces your risk too. You can get quoted an exact number here. Maintenance – Now here is where a lot people underestimate this number, which can be 3% to 15%+ of the gross rent amount. This is where you must make your best guess based on the property age, history and other factors. Taxes – You have a property tax obligation, often 1 to 3% of the property value annually, depending on the area. This is an exact number that’s easy to find in county or municipal records. Utilities – In a single-family income property, your tenant typically pays utilities. The more units in a property, the more likely you’ll be paying the heat, electric, refuse, water, etc. Utility companies have historical records so you can make a close expense determination. Management – If you don’t have a Property Manager then your income isn’t passive. If you self-manage, then you must factor in your time expense. Management fees are typically 3% to 10% of the gross monthly rent amount. The more units in a building, the lower the management expense. People like easy ways to remember things. That’s why I like VIMTUM. I also made a video for you about these income property expenses where I’m talking directly to you. I’ll put that video link in the Show Notes for you. So when you connect with an income property provider at GREturnkey.com - if they haven’t - then run your own numbers on an income property using that VIMTUM acronym. Those providers are at GREturnkey.com - download a market report and get their contact information, and see what they have for inventory. It sure is thin in most markets these days. I appreciate the time that you spent with me today, but you weren’t here for me you were here for you. Until next week, I’m your host Keith Weinhold. Don’t quit your day dream! ____________________________  

#169: If you want profit, your real estate’s rent income-to-purchase price ratio matters most. I reveal the top five cities for this vital ratio. I discuss how the media often gets real estate investing wrong. I talk about how to handle your relationship with your Property Manager. Renters have conventionally been young, single, less educated, and low to middle income. You’ll learn about how quickly this is changing. When did renters get so old? Of all product types, more renters are demanding to rent single-family homes rather than other product types. Later, Get Rich Education listener Jacob Ayers stops by to chat with me. He hosts The Real Estate Way To Wealth And Freedom podcast. GRE is the first podcast that Jacob ever heard; now he’s on the show. Want more wealth? 1)    Grab my free E-book and Newsletter at: GetRichEducation.com/Book 2)    Actionable turnkey real estate investing opportunity: GREturnkey.com 3)    Read my new, best-selling paperback: getbook.at/7moneymyths Listen to this week’s show and learn: 01:04  Top 5 cities with the best ratio of rent income-to-purchase price. 05:03  How the media gets real estate investing wrong. 06:50  Your Property Manager. 11:28  Tenant demographics. 13:26  Surging rental demand for single-family homes. 17:58  I’m soon going on a Florida real estate tour. 21:16  GRE Listener Jacob Ayers chat begins. 23:59  Following money vs. making money follow you. 25:25  Jacob’s first rental property cost just $25,000 in western Oklahoma. 28:33  Jacob’s first mistake involved tenant screening. 30:57  Tips for RE investors with a full-time job. 32:25  Jacob encourages you to get started. 35:47  Live where you want; invest where the numbers make sense. 37:33  Jacob now hosts his own podcast. Resources Mentioned: Article: Best Markets For RE Investors Article: Should You Rent Or Buy Your Home? JacobAyers.com Podcast: The Real Estate Way To Wealth And Freedom RidgeLendingGroup.com ValhallaWealth.com GREturnkey.com GetRichEducation.com

Today we speak with Jacob Ayers. Jacob is based out of Houston, TX and currently works as a full-time engineer. He's got an awesome story of buying his first investment property out of state for only $25,000 and no he didn't go to Detroit to make it happen! He's got a lot of good advice for getting started, especially if you are right out of college or a young professional. Jacob's a ton of fun to speak with so don't skip this one!  

Recently Michael Becker was a guest on the Jacob Ayers Real Estate Podcast. Michael talks about his journey from being a commercial real estate banker to being “THE GUY” buying and operating apartments.  Michael discusses what made him successful in winning the purchase sale contract when he first started in this competitive market. If you don’t have a qualified mentor, get one! If you don’t have a team of professionals to vouch for you (attorney, banker, management company, etc), get some! Your first deal will be the hardest….so leverage your team to help you succeed.  Listen to jacobayers.com  To receive our FREE 15 page WHITE PAPER REPORT on the 2017 FUNDAMENTALS OF MULTIFAMILY FINANCING 101 and to learn more about upcoming events at Old Capital Speaker Series please visit us at OldCapitalPodcast.com Are you interested in learning more about how Multifamily Syndications work? Please visit www.spiadvisory.com to learn about Michael's Real Estate Syndication business with SPI Advisory LLC.

Special guest speaker, Jacob Ayers, begins a new series in 1 John. Jacob shares an encouraging word before he embarks on a 9th month journey to Ghana. Listen and be encouraged by today's message!

Special guest speaker, Jacob Ayers, begins a new series in 1 John. Jacob shares an encouraging word before he embarks on a 9th month journey to Ghana. Listen and be encouraged by today's message!

Special guest speaker, Jacob Ayers, begins a new series in 1 John. Jacob shares an encouraging word before he embarks on a 9th month journey to Ghana. Listen and be encouraged by today's message!

Special guest speaker, Jacob Ayers, begins a new series in 1 John. Jacob shares an encouraging word before he embarks on a 9th month journey to Ghana. Listen and be encouraged by today's message!