Podcasts about opm other people

Most people think scaling is about money. They're wrong. In this clip from The Abundance Mindset podcast, Vinney Chopra breaks down why the real unlock behind companies like Google and Amazon isn't just OPM (Other People's Money) — it's OPT (Other People's Time). This is the shift most entrepreneurs never make. You can hustle harder. Or you can build systems, teams, and partnerships that multiply effort. Vinney explains how syndication, delegation, and leverage allow entrepreneurs to scale without burning out — and why trying to do everything yourself is the slowest path to wealth

Send us a textIn this empowering episode of The Wealth Vibe Show, host Vinki Loomba engages in a captivating conversation with Justin Brennan, a resilient third-generation real estate investor, entrepreneur, and mentor. Together, they explore Justin's remarkable journey from overcoming a $60 million bankruptcy to building a $185 million real estate empire across five states.Key Takeaways:The Fall and Rebirth: Justin shares his family's bankruptcy story in 2008 and how it reshaped his approach to wealth building, focusing on the importance of cash flow, low leverage, and long-term stability.Building with Purpose: Learn how Justin turned a $100,000 condo purchase in the middle of the financial crisis into a thriving portfolio of over 1,200 units and $200 million in assets.The Power of OPM (Other People's Money): Discover how leveraging partnerships and connecting with investors has been the key to scaling his real estate empire.Buy and Hold vs. Buy and Sell: Justin contrasts the risks of the "build and sell" mentality with the advantages of holding real estate for long-term income, tax benefits, and stability.Episode Timestamps:00:00 - 02:00: Introduction: Meet Justin Brennan and his inspiring journey.02:00 - 10:00: Overcoming Bankruptcy: Lessons learned from the $60 million loss.10:00 - 15:00: Building Wealth: Justin's strategy to scale his portfolio.15:00 - 20:00: Buy and Hold Strategy: Why long-term investments provide stability.20:00 - 25:00: Leveraging OPM: Scaling without using personal capital.25:00 - 44:00: Market Trends: The future of real estate investing in today's economy.44:00 - 50:00: Scaling to the Future: Justin's vision for expanding to 10,000 units and $1 billion in assets.

Giuseppe is a franchising expert who's spent 20+ years helping over 200 individuals achieve business ownership. His experience in sales, marketing, and management at firms like UBS and J.P. Morgan have guided thousands in investments, reaching over $1 billion in sales. Now with FranChoice, Giuseppe helps aspiring entrepreneurs find franchise opportunities that fit their goals and lifestyle. He believes that "Freedom favors the bold,"—helping others take bold steps toward business ownership, financial security, and the freedom they've been dreaming of. During the show we discuss: What inspired a career in franchising and helping others succeed. The key differences between starting a business vs. buying a franchise. How to choose the right franchise for your goals and lifestyle. Typical investment ranges and funding strategies for franchise ownership. How to leverage OPM (Other People's Money) to buy a franchise. Ways to access a franchise consultant for free guidance. Timeline expectations: how long it takes to get a franchise up and running. Flexibility options, including part-time ownership and scaling to multiple units. How to plan for a smooth exit from a franchise. Resources:  https://www.franchoice.com/  https://ggthefranchiseguide.com/

Want in on the property action? Join one of our FREE game-changing events! Hit the link and let's make things happen! - https://www.assetsforlife.uk/optin69htrmleIn this episode of, Liam sits down with Inner Circle clients Shane and Francois, who reveal how they generated £100,000 profit from just two property flips, all without using their own money. They share exactly how they found both deals, the negotiation strategies that helped them secure huge discounts, and the powerful relationship with an estate agent that unlocked exclusive off-market opportunities. You'll also discover how they raised finance using OPM (Other People's Money), the step-by-step process they learned through the Assets For Life Inner Circle, and a sneak peek into their next major project, a potential £1.2M commercial conversion. If you want to understand how everyday people are building wealth through UK property investing, flipping, deal sourcing, and creative finance, this episode shows you exactly what's possible. Perfect for tradespeople, new investors, and anyone ready to create financial freedom through property. Hosted on Acast. See acast.com/privacy for more information.

On this episode of Investing Uncensored, we sit down with Jeremy Hill, a 20+ year veteran in private debt and capital placement. With over $1.5 billion raised and advised on, Jeremy shares insider strategies on how entrepreneurs can leverage other people's money to scale their businesses, generate consistent monthly income, and unlock new levels of growth. Featured on Invest Like a Billionaire, CNBC, and Bloomberg, Jeremy has helped countless entrepreneurs access quality private credit opportunities while providing board leadership to high-growth companies across the U.S. and Canada.In this episode, you'll discover:How to master the art of raising capitalSmart strategies for scaling with OPM (Other People's Money)Private debt opportunities most entrepreneurs overlookLessons from advising on $1.5B in capitalWhy private lending is reshaping the future of business growthIf you're ready to think bigger, fund smarter, and scale faster—this episode is for you.

In this week's episode of The Property Rebel: Arsh Ellahi breaks down one of his favourite topics—creative financing—and how you can build a property portfolio even if you don't have piles of cash sitting in the bank. From using OPM (Other People's Money) to OPP (Other People's Property), Arsh explains how investors can structure deals, raise capital, and grow faster without relying solely on their own funds. He also shares real-world examples of joint ventures, vendor finance, and profit-share agreements that have helped him scale over the years, proving that smart strategy beats deep pockets every time. If you've ever thought property investing was only for the wealthy, this episode will completely change your mindset.   Join the Property Investor App WhatsApp Channel: bit.ly/PIAWhats   Book Your 1 Hour Call with Arsh here: http://bit.ly/1HourPropertyCoach   Wanna connect with Arsh? Click this link: www.arshellahi.com/contact   Want to know more about the Property Rebel? Head over to Arsh's Youtube Channel. Where you can find lots more quality content and information. Click To Subscribe   Have you heard about Arsh's app the Property Investor? You can download it directly to your mobile by clicking the links below:   Apple Devices: Download Here   Android Devices: Download Here   Or Visit the website by clicking HERE   Thank you for listening! #propertyrebel

Are you looking for ways to grow your wealth in 2025? With rising costs and limited resources, it can feel like building wealth is out of reach. Today, I'll show you how you can use your home's equity and your personal network to raise capital and invest in real estate. By leveraging OPM (Other People's Money) and partnering with others, you can access the capital you need to create wealth without starting from scratch. Learn the simple strategies for using what you already have to raise capital by clicking below.Learn more: https://blog.titanreteam.com/how-can-you-raise-capital-to-create-wealth-in-2025.html

Want bigger deals and better returns? Leverage OPM and OPT. ⠀ Vinney Chopra and Gualter Amarelo dive into the REAL wealth-building secret in this episode of The Abundance Mindset—using Other People's Money and Other People's Time.

Welcome to the Real Deals Show!In this episode, we're diving into a $105K profit deal breakdown that shows exactly how Daryl used creative financing and OPM (Other People's Money) to achieve massive results.Daryl shares his journey of going from full-time contractor to successful cross-border real estate investor. He opens up about how taking massive action, leveraging creative financing, and using OPM helped him escape the rat race and build a profitable real estate portfolio.You'll get a full deal breakdown of one of his most impressive projects—earning $105,000 in profit—and learn the exact strategies he used to make it happen.From investing in multiple Canadian provinces to now expanding into the U.S. real estate market, Daryl explains the advantages of U.S. investing as a Canadian and what's possible when you follow the right system.If you're serious about learning how to build wealth with real estate investing, especially using creative strategies and OPM, this episode is a must-watch.______________________________________________✅ Thanks for stopping by! We're thrilled to have you here.

If you hate money, don't be surprised when it avoids you.   Most people never learn to love money because they were taught it's evil. But on The Abundance Mindset, Vinney Chopra and Gualter Amarelo flip that idea upside down.   Vinney, who came to the U.S. with only $7 in his pocket, shares how embracing large amounts of money—and those who hold it—is a mindset shift that leads to abundance and impact. It's not about greed; it's about gratitude and stewardship.  

We're bringing back a classic episode from 2018 to 2025—Debt Don't Fret! Having debt doesn't mean game over. Not all debt is bad, especially when you learn how to be strategic—whether it's digging yourself out or using OPM (Other People's Money) to build wealth.So pod' up, take notes… it's Debt Don't Fret 2025!Support this show http://supporter.acast.com/2bg. Hosted on Acast. See acast.com/privacy for more information.

In this special episode of Getting Real with Monick Halm, we welcome Desiree Doubrox, founder and CEO of Homework, to dive deep into the world of real estate syndication—a powerful way to pool resources and invest in large-scale properties.With over 30 years of real estate experience, Desiree has been a trailblazer in co-living, co-working spaces, and syndications, raising millions to fund property acquisitions across the U.S., Canada, and Mexico. She shares her journey from entrepreneur to real estate investor and how she built a $10 million fund to scale her impact.You'll learn:✅ What is real estate syndication? (And how you can leverage it to invest in bigger deals)✅ Common myths about syndication—do you really need to be wealthy to get started?✅ Lessons from investing internationally—including a shocking escrow horror story!✅ Why the right partnerships & property management team are crucial to success✅ How you can participate in Desiree's "Syndication Simplified" Master ClassDesiree and Monick also discuss the power of giving back through real estate, the importance of leveraging OPM (Other People's Money), and how women can break into the male-dominated world of real estate investing to build wealth and financial freedom.

Discover how to fund profitable land deals using OPM (Other People's Money) with Brent Bowers. Learn proven strategies for private lending, hard money financing, and building wealth through land investing—all with zero money down. From attracting private lenders to maximizing returns through positive arbitrage, this guide reveals the secrets to scaling your real estate portfolio without using your own capital. Start your land investing journey today! And start it by joining the The Landsharks Program.---------Show notes:(0:58) Beginning of today's episode(3:02) Private money lending of hard money lending(3:26) Leveraging other people's money(5:27) Compounding interest(7:00) Positive arbitrage(7:22) Ways in attracting private money----------Resources:To speak with Brent or one of our other expert coaches call (281) 835-4201 or schedule your free discovery call here to learn about our mentorship programs and become part of the TribeGo to Wholesalingincgroup.com to become part of one of the fastest growing Facebook communities in the Wholesaling space. Get all of your burning Wholesaling questions answered, gain access to JV partnerships, and connect with other "success minded" Rhinos in the community.It's 100% free to join. The opportunities in this community are endless, what are you waiting for?

In this episode, Corrine sits down with Rita Owens, a leading financial expert, serial entrepreneur, motivational speaker, and real estate investor who helps women start, grow, and scale their businesses using her FundHer Ready Formula. Rita shares her wisdom on securing funding without giving up equity, busting common myths about business loans, and offering strategies for financial growth. She and Corrine discuss why resilience and persistence are essential when pursuing funding and how leveraging OPM (Other People's Money) can empower entrepreneurs to launch and grow their ventures with confidence. They also explore ways to set your kids up for financial success, with Rita emphasizing her number one piece of advice: Start now. This conversation is packed with practical advice, inspiring stories, and actionable steps for any woman looking to take her business to the next level! For more from Rita, follow her on Facebook and Instagram @imritaowens, and check out her resources and guides for entrepreneurs.

Get ready for one of the most inspiring episodes of the *No Money Real Estate Podcast* yet! Ken sits down with the unstoppable Varinder Arneja, a 28-year-old real estate wizard who has achieved the unthinkable—28 student rental units and multiple property flips, all starting with **no money of his own**. From creative financing to strategic renovations, this episode is a masterclass in real estate success.

Can you buy businesses or assets without using your own money? In this episode, Enrique Lopez and Alexander Olave reveal the insider secrets of creative finance that most investors don't even know... You'll discover: The exact strategies top investors use to leverage OPM (Other People's Money) How to structure deals that let you walk away with ownership and no out-of-pocket expenses Real-world examples of turning opportunities into wealth without risking your cash This isn't theory—it's a proven playbook for building wealth smarter, faster, and with zero upfront investment.

From Food Stamps to Million Dollar Builds   In this episode of the Real Estate Investor Growth Network podcast, hosted by Jen Josey, guest Erik Timmermans shares his remarkable journey from starting on food stamps to owning 172 rental properties and building million-dollar homes in Raleigh. Erik offers strategic advice on navigating the 2025 real estate market, highlighting the potential impacts of upcoming tariffs and inflation. He emphasizes the significance of mastering specific zip codes, using other people's money (OPM), and the benefits of joining local real estate investment associations (REIAs) for networking and growth. Jen and Erik also discuss the broader implications of the election results on real estate and the best strategies for new investors. This episode is packed with actionable insights, practical advice, and motivational stories for both seasoned and aspiring real estate investors.   In Erik's words: I'm a real estate investor who started my journey in 2016 while on food stamps, proving that humble beginnings don't define your future. I grew my business while working a w-2 until 3 years ago. Today, I own 172 rental properties, complete around 30 flips per year, and have recently expanded into building million-dollar homes in downtown Raleigh. I built my business using OPM (Other People's Money) and am passionate about giving back to the community by sharing my knowledge and network to help others achieve financial freedom through real estate.   www.youtube.com/@ErikTimmermans-n3e https://www.facebook.com/erik.hinton.9469 https://www.instagram.com/timmermanserik/ https://www.linkedin.com/in/erik-timmermans-10a13351/ https://www.tiktok.com/@eriktimmermans843?_t=8ruRZnukGqY&_r=1  https://www.threads.net/@timmermanserik     To learn more about Jen Josey, visit www.TheRealJenJosey.com To join REIGN, visit www.REIGNmastermind.com Stuff Jen Josey Loves: https://www.reignmastermind.com/resources Buy Jen Josey's Book: From Beginner to Badass: https://a.co/d/bstKlby

The year's winding down faster than a foreclosure auction in Texas! We're knee-deep in holiday cheer (and maybe a few too many pumpkin spice lattes), but let's not let the holiday spirit distract us from setting ourselves up for a wildly successful 2025. This week, I'm sharing my end-of-year checklist to make sure you're not caught napping when the new year rolls around.Let's be honest, sometimes planning for the future feels about as fun as filing your taxes (and about as relaxing as a root canal). But if you take a little time now to prepare, you'll thank yourself later when your business is thriving. Think of it as pre-gaming for your next financial victory — you wouldn't show up to a major real estate deal unprepared, would you?Here's my action plan – a mix of strategic moves and tactical tweaks to keep your business running smoothly. I've broken it down into ten tasks that should be done, no questions asked:Max Out Your IRA: Think of this as putting some serious money in the bank before January 1st. Yes, I know, taxes. But this helps you hit those investment goals a little sooner.Network, Network, Network: Yes, it's the same tired advice, but it still works. Connect with asset managers, IRA investors, and fellow real estate peeps before they hit the ground running in the new year. Don't let holiday cookies and eggnog keep you from closing those deals.Update Your Online Presence: This means your website, your LinkedIn profile, basically everything that represents you in the digital world. You're basically upgrading your online storefront; let's make sure it's optimized and visually appealing to attract potential clients.Start Planning for OPM (Other People's Money): You have a head-start now to start securing funding for your next ventures. That means mapping out potential funding sources, whether that's through IRA investors or other avenues.Contact Asset Managers: Start reaching out to asset managers now. They often unload assets at year's end, providing you with incredible opportunities.The rest of my checklist involves reviewing past year's goals, updating your marketing calendar, refining your pitch decks, reviewing expenses, and, finally, celebrating your wins.This isn't just about hitting numbers; it's about building a solid foundation for continued growth. Just like building a strong real estate portfolio requires planning, patience, and the right approach, building a thriving business necessitates consistent review and optimization.Remember, this isn't some theoretical exercise. We're talking about real-world strategies. Taking these steps now will save you time, stress, and maybe even a few headaches in the new year.The new year is just around the corner; take control of your success by putting in the work today. I can't wait to see what you all accomplish in the coming year. Until next time, happy investing!Watch the original VIDEO HERE!Book a call with SCOTT HERE!Love the show? Subscribe, rate, review, and share!Here's How »Join Note Night in America community today:WeCloseNotes.comScott Carson FacebookScott Carson TwitterScott Carson LinkedInNote Night in America YouTubeNote Night in America VimeoScott Carson InstagramWe Close Notes Pinterest

The year's winding down faster than a foreclosure auction in Texas! We're knee-deep in holiday cheer (and maybe a few too many pumpkin spice lattes), but let's not let the holiday spirit distract us from setting ourselves up for a wildly successful 2025. This week, I'm sharing my end-of-year checklist to make sure you're not caught napping when the new year rolls around.Let's be honest, sometimes planning for the future feels about as fun as filing your taxes (and about as relaxing as a root canal). But if you take a little time now to prepare, you'll thank yourself later when your business is thriving. Think of it as pre-gaming for your next financial victory — you wouldn't show up to a major real estate deal unprepared, would you?Here's my action plan – a mix of strategic moves and tactical tweaks to keep your business running smoothly. I've broken it down into ten tasks that should be done, no questions asked:Max Out Your IRA: Think of this as putting some serious money in the bank before January 1st. Yes, I know, taxes. But this helps you hit those investment goals a little sooner.Network, Network, Network: Yes, it's the same tired advice, but it still works. Connect with asset managers, IRA investors, and fellow real estate peeps before they hit the ground running in the new year. Don't let holiday cookies and eggnog keep you from closing those deals.Update Your Online Presence: This means your website, your LinkedIn profile, basically everything that represents you in the digital world. You're basically upgrading your online storefront; let's make sure it's optimized and visually appealing to attract potential clients.Start Planning for OPM (Other People's Money): You have a head-start now to start securing funding for your next ventures. That means mapping out potential funding sources, whether that's through IRA investors or other avenues.Contact Asset Managers: Start reaching out to asset managers now. They often unload assets at year's end, providing you with incredible opportunities.The rest of my checklist involves reviewing past year's goals, updating your marketing calendar, refining your pitch decks, reviewing expenses, and, finally, celebrating your wins.This isn't just about hitting numbers; it's about building a solid foundation for continued growth. Just like building a strong real estate portfolio requires planning, patience, and the right approach, building a thriving business necessitates consistent review and optimization.Remember, this isn't some theoretical exercise. We're talking about real-world strategies. Taking these steps now will save you time, stress, and maybe even a few headaches in the new year.The new year is just around the corner; take control of your success by putting in the work today. I can't wait to see what you all accomplish in the coming year. Until next time, happy investing!Watch the original VIDEO HERE!Book a call with SCOTT HERE!Love the show? Subscribe, rate, review, and share!Here's How »Join the Note Closers Show community today:WeCloseNotes.comThe Note Closers Show FacebookThe Note Closers Show TwitterScott Carson LinkedInThe Note Closers Show YouTubeThe Note Closers Show VimeoThe Note Closers Show InstagramWe Close Notes Pinterest

Welcome back to another episode of the Rent To Retirement Podcast!

Welcome back to another episode of the Rent To Retirement Podcast!

In a time when the dream of homeownership seems increasingly out of reach for the next generation, and the narrative around wealth transfer sounds like a closed chapter, this video aims to challenge the status quo and open up a world of possibilities. Contrary to popular belief, the opportunity to buy and invest in real estate is not reserved for a select few; it's accessible to anyone willing to understand and apply creative financing strategies.  In this video, I break down three powerful ways to leap into the real estate market:  1. Co-Buying: Partnering up to purchase property.  2. OPM (Other People's Money): Utilizing investors' funds to finance your investment.  3. Seller Financing: Negotiating directly with sellers for financing.  Beyond just listing these strategies, I dive deep into a practical cash flow analysis of investing in a multifamily property. Whether you're looking to generate monthly income or save on living expenses by moving in, this analysis will provide you with a clear picture of the financial benefits real estate investment can offer.    This video is not just a guide; it's a call to action for young people and aspiring investors who've been led to believe the door to real estate is closed. The truth is, it's wide open—you just need the keys.   #RealEstateInvesting #CreativeFinancing #CoBuying #OPM #SellerFinancing #CashFlowAnalysis #Homeownership #WealthBuilding #InvestmentStrategies #MultifamilyInvesting #RealEstateEducation #UnlockWealth #FinancialFreedom

In this insightful episode of the Rent To Retirement Podcast, hosts Adam Schroeder and Zach Lemaster delve into the world of real estate investment with a special guest, founder and CEO of Lionheart Development. Discover how he transitioned from a college basketball coach to a real estate powerhouse, using the power of leverage and other people's money to achieve success. Learn the art of building relationships, structuring deals, and finding the highest and best use of land in development projects. Whether you're just starting out or looking to scale your real estate portfolio, this episode is packed with valuable tips and strategies to help you on your journey to financial freedom. Tune in now and unlock the secrets to building wealth through real estate!

In this insightful episode of the Rent To Retirement Podcast, hosts Adam Schroeder and Zach Lemaster delve into the world of real estate investment with a special guest, founder and CEO of Lionheart Development. Discover how he transitioned from a college basketball coach to a real estate powerhouse, using the power of leverage and other people's money to achieve success. Learn the art of building relationships, structuring deals, and finding the highest and best use of land in development projects. Whether you're just starting out or looking to scale your real estate portfolio, this episode is packed with valuable tips and strategies to help you on your journey to financial freedom. Tune in now and unlock the secrets to building wealth through real estate!

Get our free real estate course and newsletter: GRE Letter I state the reasons why I DON'T believe that the Federal Open Market Committee should lower interest rates. Rates are currently normalized. Watch the full Spartan Summit Presentation here. The first half is played on this episode. President Biden is trying to help the housing market's poor affordability and undersupply. Fed Chair Jerome Powell made recent remarks on the real estate market. He emphasized the lack of supply. High rates = strong economy Low rates = weak economy Lowering interest rates to zero is artificial and introduces distortions in an economy. If we have a recession, we need “rate cut ammo” in order to make cuts at that time. Lowering rates also sets up an inflationary environment. That's bad for society, but leveraged income property investors benefit. A “Fed pivot” means that the FOMC changes from raising rates to lowering rates, or vice versa. Resources mentioned: Show Page: GetRichEducation.com/493 Full Spartan Summit presentation video: On YouTube Freddie Mac mortgage survey: https://www.freddiemac.com/pmms Mortgage News Daily mobile app For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE  or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments.  You get paid first: Text FAMILY to 66866 Will you please leave a review for the show? I'd be grateful. Search “how to leave an Apple Podcasts review”  Top Properties & Providers: GREmarketplace.com GRE Free Investment Coaching: GREmarketplace.com/Coach Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE' to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Keith's personal Instagram: @keithweinhold   Complete episode transcript:   Keith Weinhold (00:00:01) - Welcome to Greece. I'm your host, Keith Whitfield. President Biden tries to help the housing market. Everyone wants to know when interest rates will be cut. I'm asking, why would we cut rates anytime soon? Yes. Some fed talk today and a lot more on get rich education. When you want the best real estate and finance info. The modern internet experience limits your free articles access, and it's replete with paywalls. And you've got pop ups and push notifications and cookies. Disclaimers are. At no other time in history has it been more vital to place nice, clean, free content into your hands that actually adds no hype value to your life? See, this is the golden age of quality newsletters, and I write every word of ours myself. It's got a dash of humor and it's to the point to get the letter. It couldn't be more simple. Text gray to 66866. And when you start the free newsletter, you'll also get my one hour fast real estate course completely free. It's called the Don't Quit Your Daydream letter and it wires your mind for wealth.   Keith Weinhold (00:01:15) - Make sure you read it. Text gray to 66866. Text gray 266866.   Corey Coates (00:01:27) - You're listening to the show that has created more financial freedom than nearly any show in the world. This is get rich education.   Keith Weinhold (00:01:43) - Welcome, Jerry from Bowmanville, Pennsylvania, to Louisville, Kentucky, and across 188 nations worldwide. And Keith Wayne Holden, I'm grateful to have you here with me for another week. This is get rich education. I'm about to discuss the case for not lowering interest rates, and you'll hear a clip of Jerome Powell commenting on the real estate market shortly. But first, President Biden recently made a state of the Union address, and he unveiled his plan to help the Undersupplied housing market. Part of the plan was to help the buyer side the demand side with incentives, which I'm not sure that we need the support over there on that side. And now that would juice real estate prices. More on housing supply side. Biden's plan creates a $20 billion fund to build more rental housing and kill some construction restrictions. Okay.   Keith Weinhold (00:02:35) - Yeah, that's the key part of the plan. And that's more helpful. Help that supply side. Perhaps the most interesting part of the plan is a $10,000 credit that's meant to incentivize people to sell their starter homes. That's our president on housing. Let's pivot over to Club Fed. Yeah. Welcome in to Club Fed. There's no cover charge for some reason Janet Yellen still hanging around chaperoning. And she still looks like my grandma. Earlier this month, Fed Chair Jerome Powell acknowledged that the commercial real estate loan problems could cause manageable problems for regional banks, possibly for years. I find it interesting that he uses the word manageable when acknowledging problems on the commercial side. I mean, we'll see, but that kind of reminds me of one of Powell's predecessors, former Fed Chairman Ben Bernanke, in 2007, saying that the subprime loan problem was contained is the word that he used. And we all know that. I know the mortgage meltdown contagion of 2008 was anything but contained. Today, when we talk about Powell and interest rates back around 2021, he got beaten up pretty badly for not acknowledging rising inflation sooner.   Keith Weinhold (00:03:56) - But he's brought inflation down to about 3% without a recession. So some credit is due there, but not too much credit because the game's not quite over. And it took that torrid set of interest rate increases where they climbed a cliff in order to quell inflation. And that already hurt a lot of people, including those erstwhile commercial real estate people in their loans that jumped up to a higher interest rate. Now we're talking about interest rate policy. Let me give you something that's easy to remember. High rates mean a strong economy. Low rates mean a weak economy. With that in mind, let's look at where we've come from. And then we'll look at the future. A lot of people got drunk with easy money starting 15 years ago, because it was nearly free to borrow an interest rate of zero at the federal funds level. That gives you no incentive to save and more incentive to borrow and spend. Well, the federal funds rate was zero from 2009 to 2015 to get us out of the Great Recession.   Keith Weinhold (00:05:04) - And then it was zero again from 2020 to 2022 to help lift us out of Covid. That's the past since the federal funds rate, which a lot of other interest rates are based off of two since it quickly shot up starting two years ago, it's now been a full eight months since rates have moved at all. They haven't budged since July of last year. So that's where we are now and I'm fine with them staying here for a while now. Jerome Powell recently testified to the House Financial Services Committee. Let's listen in to him discuss real estate as he's questioned.   Jerome Powell (00:05:44) - The housing market is in a very challenging situation right now. You had this longer run housing shortage, but at the same time, you've got a bunch of things that have to do with the pandemic and the inflation and our response with higher rates. So you you have a shortage of homes available for sale because many people are living in homes with a very low rate mortgage that they can't afford to refinance. So they're not moving, which means the supply of regular existing homes that are for sale is historically low and very low transaction rate.   Jerome Powell (00:06:14) - That actually pushes up prices of of of other existing homes and also of new homes, because there's just not enough supply. The builders are busy, but they're running into, you know, all kinds of supply issues still around zoning and, and workers and things like that. So, so it's quite challenging. And of course, rates are high. So people who are buying a lot of the buyers are, are cash buyers or able to actually pay without a mortgage because mortgages are expensive, I will say. The first problem. The longer run problem of supply is a longer run problem. The other problems associated with low rate mortgages and high rates and all that, those will abate as the economy normalizes and as rates normalize. But we'll still be left with with the housing market nationally where where there's a housing shortage.   Keith Weinhold (00:07:02) - That's Jerome Powell on real estate. And I'm surprised that he said rates are high. Do you know what the long run federal funds rate is? It is 4.6%. That's the average. And currently it is at 5.3% where it's been for a while.   Keith Weinhold (00:07:18) - So it's not that much higher than average. The 30 year mortgage long run average is 7.7% for Freddie Mac. And that's been hovering around 7% for months now. So therefore both key rates are close to normal today. But despite that fact, seemingly everyone is waiting for the fed pivot. And what the fed pivot means is when they reverse their monetary policy stance. Meaning when they start lowering rates again after the long increase cycle that we're coming off of. Well, I'm here asking why should the fed pivot in lower rates since they're near normal now? All right. Let me give you some real perspective here. Look I'm going to describe a scenario to you and tell me what you think about this. Imagine a dreamy bygone era where there happened to be this period that saw a strong national labor market, plenty of jobs, steady GDP growth, rising wages and inflation a little above normal. All right, now that you're done imagining that cloudy slice of economic Americana. Pretty rosy scenario. Well, then you might consider raising rates in a situation like that to help cool off wage and price inflation.   Keith Weinhold (00:08:37) - Well, you know what I just did? I actually just described to you where we are today. That's what today's conditions are are. Yet there's still talk of lowering rates later this year. And now you might see why I'm questioning that because the economy doesn't need the help. Sure enough, in front of that same committee, Fed Chair Jerome Powell and other fed officials, they did say that they expect interest rates to come down later this year. I hope they're not doing that for political pressure or to try to reassure the stock market. Those would not be good reasons. And dropping rates to zero at the first sign of a crisis that shouldn't become a habit. Because, look, before the 2008 crisis, when they dropped from the zero, going all the way back to at least the 1950s, maybe longer rates were never zero. That entire time, see if the fed just steps back and doesn't touch rates for a while, then it's all the longer that more free market forces can prevail. I don't know that we need to constantly tinker with rates, like a greasy guy crawling under his classic car in his garage and tinkering around with it.   Keith Weinhold (00:09:52) - Another reason the fed should lower rates, and is because it needs to hold on to some rate cut ammunition in case there's a recession. Because in a recession, one of the best tools that the fed has to cool it off is by lowering rates in order to incentivize investment in a slow economy. But see what happens. If you use up all your ammo, you already start lowering it and you're already near zero. And then we have a recession. I don't know that America is ready for negative interest rate policy like some other nations have tried. And by the way, if you earn a negative interest rate, that means that if you park your money at the bank, you have to pay them interest rather than the bank paying you interest. They get the use of your money and you have to pay them for parking it there. That's a negative interest rate. Well, recessions have a strong correlation with lowering rates. I mean, just look back historically again, history over hunches. But you know, if you don't follow this stuff, the short story of what's happened the past several months is that interest rate cuts keep being delayed because of stubborn inflation that just won't fall down to the Fed's desired 2%.   Keith Weinhold (00:11:06) - And Powell also recently said that he needed just a bit more evidence that inflation was coming back down to normal levels before he'll reduce rates, although we're not far from it. That's exactly what he said. Now, if rates go back down and it's probably when rates go back down, look for the housing market to break loose. The interest rate lock in effect will wither away, property affordability will improve, and there's a good chance then, for a strong upward jolt on property prices on those values. Last year, the. There were some studies done and it was interesting. It showed that 5.5%, that is the magic mortgage rate level that makes the real estate market want to really transact. But this year, with rates that have stayed higher longer, surveys say that level is now up into the high fives. And there is another factor. As interest rates drop, the cost of maintaining our national debt also decreases. That is part of the calculus two. Well, if you're a fed watcher, a fed speak geek, you are in luck.   Keith Weinhold (00:12:15) - Because though it's not really much of a spectator sport, and the parties at Club Fed and all their PhD economists really aren't all that lively, if you're so inclined, one of the Fed's eight annual meetings where they announce any interest rate changes happens in just two days, and then the next two meetings conclude May 1st and June 12th. If you like to track rates, especially if you're perhaps in the mortgage loan process right now, my favorite website is Freddie Mac. The mobile app that I use is the Mortgage News Daily app, coming up here on a future episode of the show. Retirement. Some wanted, some don't. Real estate might give you an early retirement option, but I'm asking the question do you want to retire? Do you ever want to retire? We're going to go deep on that. And then what even is your definition of retirement today? You could learn something about yourself on that upcoming episode about retirement here. Speaking of spectator sports,, no, this is really one either. But you could have gotten on a jet and paid for a ticket to watch me speak.   Keith Weinhold (00:13:23) - Or you can listen free next to part of the recording of that presentation of mine at the Spartan Summit from earlier. They had me kick off their event. I was their opening speaker, and I share some things with that audience that really shake people up that they've never heard before. You will hear it both at new material as we play this and some things that you've heard before here on the show. But even those things I say differently in a format like this. So straight ahead, it'll be wealth mindset first and then the real estate investing fundamentals. If I could condense the best gray content in principles into less than an hour, you know, that's pretty close to what this presentation is. You hear about the first half of it coming up straight ahead. You're listening to get Rich education. You know, I'll just tell you, for the most passive part of my real estate investing, personally, I put my own dollars with Freedom Family Investments because their funds pay me a stream of regular cash flow in returns, or better than a bank savings account, up to 12%.   Keith Weinhold (00:14:31) - Their minimums are as low as 25 K. You don't even need to be accredited for some of them. It's all backed by real estate and that kind of love. How the tax benefit of doing this can offset capital gains and your W-2 jobs income. And they've always given me exactly their stated return paid on time. So it's steady income, no surprises while I'm sleeping or just doing the things I love. For a little insider tip, I've invested in their power fund to get going on that text family to 66866. Oh, and this isn't a solicitation. If you want to invest where I do, just go ahead and text family to six, 686, six. Role under this specific expert with income property, you need Ridge lending Group and MLS 42056 in grey history, from beginners to veterans. They provided our listeners with more mortgages than anyone. It's where I get my own loans for single family rentals up to four Plex's. Start your pre-qualification and chat with President Charlie Ridge personally. They'll even customize a plan tailored to you for growing your portfolio.   Keith Weinhold (00:15:45) - Start at Ridge Lending group.com Ridge lending group.com.   Speaker 4 (00:15:55) - This is Hal Elrod, author of The Miracle Morning. And listen to get Rich education with Keith Weinhold and don't Quit Your Daydream.   Speaker 5 (00:16:16) - It is with great pleasure that I get to introduce you to our first speaker for today. He is the founder of get Rich education and host of the popular get Rich education podcast. His show has nearly 3 million listener downloads from all across the world. He also actively invest in apartment buildings, single family homes and agricultural real estate. He is a member of the Forbes Real Estate Council, and his work regularly appears in Forbes, Business Insider, and Rich Dad Advisors. Today, he's taking us back to the basics to discuss why real estate is such an attractive and solid investment option for those looking to find their own financial freedom. If you've listened to the grit Rich education podcast, then you've heard him speak. But today we are so thrilled that he's kicking off our second annual Spartan Summit. Ladies and gentlemen, here's Keith Reinhold.   Keith Weinhold (00:17:13) - Hi, my name is Keith Weinhold.   Keith Weinhold (00:17:14) - I am the founder of get Rich education. My presentation is called simply Why Real Estate? Because if you don't know why you're doing something, then you really won't care about how. And I'm really pleased to be first up here at the Spartan Summit, you're going to hear some things that you've never heard before today. For example, compound interest does not build wealth. Getting your money to work for you does not build wealth in the real world. And real estate investors, one of the first things they need to do is actually stop looking at property. So what is this financial heresy that I'm talking about? Well, I think it's going to be pretty clear to you in less than an hour's time here. It all starts with you thinking differently. You really need to open yourselves up. And I think you start to have the realization that any outsized thinker or doer, over time, did think outside the box to have that outsized impact, whether that's Thomas Edison or Jeff Bezos or Sara Blakely or Warren Buffett, they all dared to think differently.   Keith Weinhold (00:18:15) - And if you're not getting the results that you want in life, you know, maybe a great question to ask yourself is, am I thinking differently enough when you come of age in the world, whether you finish high school or college or whatever it is, you probably never really had this vision for yourself, or you're intentional and you say, yeah, I can't wait to go out there and live a small life. But then you know what? That's exactly what everyone does. Everyone goes out and lives a small life. So with thinking differently, you know, Mark Twain's got some great quotes about thinking differently. Mark Twain said, as soon as you find yourself on the side of the majority, it is time to pause and reflect. Absolutely love that for Mark Twain. Mark Twain also said one of his lesser known quotes is go out on a limb. That's where the fruit is. Yeah, absolutely. Love that one. So being a conformer does not build wealth or does not have a substantial positive impact on other people.   Keith Weinhold (00:19:16) - And you know, I wouldn't suggest that you think differently or do something differently if I weren't doing that myself. I don't know that I've had the outsized impact of some of those visionaries and inventors that I mentioned earlier. I probably haven't had as many years on this earth yet as them either. But one thing I did that was different is years ago I moved from Pennsylvania, where I was born, raised, and lived much of my life to Anchorage, Alaska. Well, that was deemed by Pennsylvanians and a good part of my peer group is a strange and unusual thing to do. But I knew that a place like Anchorage fit my interests for skiing and mountaineering because I had vacationed there. That was the place for me. The first ever home that I bought of any kind. I was only a rent paying tenant up until the day I bought a fourplex building where I lived in one unit and rented out the other three. That was pretty strange. I didn't start with a single family home. I quit my job, my good paying day job with benefits for residual income from real estate.   Keith Weinhold (00:20:14) - Another strange thing to do. I launched the get Rich education podcast in the year 2014. Kind of weird talking to myself in a little room all by myself. A lot of people didn't understand what I was doing then, so those are just some examples of some different things I've done. You know, you're different things are probably going to be different, but you really don't want to be a conformer if you think about it, high school was the place where you were rewarded for fitting in. But when you become an adult, really you get rewarded when you stand out and you don't be that conformer well, we talk about my presentation called Why Real Estate? We're really taking it from philosophy all the way through to the numbers here. And years ago, I would have loved to know why real estate made ordinary people wealthy. You know, an interesting thing. I'll just tell you, when I bought that first fourplex building, I didn't even know what terms like cash flow and equity meant. I did not even know the meaning of those terms.   Keith Weinhold (00:21:13) - And here I had owned a. Substantial building a $295,000 fourplex, which is a lot for me when I was working a day job and I bought it, and I think as a layperson before I bought that building and got down this road, I kind of thought, now, how could real estate possibly make people wealthy? Because real estate only appreciates at the at about the rate of inflation over time. That's about all it does. And I found that that part's true. And then real estate, it has the elements working on it from the outside. And it has tenants like working on it and wearing it down and degrading it from the inside. So how could real estate possibly be a good investment? I didn't understand that. I tell you, it's really important for you to learn from someone that's actually doing it. That's inside and doing this thing. I'm about as active as real estate investor could possibly be. I own Single-Family rental homes, up to larger apartment buildings, even some agricultural real estate. So it's important to learn from someone that's doing it.   Keith Weinhold (00:22:16) - And this presentation is really what my ears have shown me. And we talk about how you have to think differently and be opened up. You know, interestingly, we're in what people call the information age. We have been for decades this information age. But I like to say we're really in the affirmation age because most people would rather be affirmed and comforted in what they already believe, rather than get informed with information, because it kind of shakes you up a little bit, just like you're going to be shaken up today. So I would say, don't only seek affirmation, which is what most people do, seek information as well, and then make up your own opinion. What is wealth? You know, we kind of begin with the end in mind. It's ask yourself what is? I think that there are a lot of different definitions for that. I mean, money's got to be one of the first things that come to mind. And we are talking about financial betterment here. But, you know, it seems like people that want material things more than experiences, it seems like a lot of those people that want material things get knocked and get criticized.   Keith Weinhold (00:23:21) - I don't know, like I would rather have experiences than stuff. But really the abundance mentality is why not have both experiences and stuff if they're both easily within reach? Because they really are. But I think really the best definition of wealth, it's one that I've never heard criticize once in my life is freedom. Having the ability for you to do whatever you want to do whenever you want to do it. Real wealth is having that time freedom and not having to have a job. Being job optional, you can continue to go if you want to. Wealth really is freedom. So let's talk about money and freedom and what freedom really isn't. I've actually got a really nice proposal for you. Just imagine this. Imagine you're 20 years old. I'm talking to the 20 year old version of you. I'm going to tell you that I want you to mow my lawn for me regularly, and I am going to pay you $114 an hour to mow my lawn. Pretty amazing, right? Like, doesn't that sound incredible? Yeah, that sounds like a good deal.   Keith Weinhold (00:24:29) - You'd probably be pretty excited about that. Maybe even now you'd be excited about that. Not just the 20 year old version of yourself. Sounds amazing, but could you ever really get wealthy off that? Probably not. Probably not. Because in fact, you would have to work every single hour in a year, all 8760 hours in a year just to make your first million bucks. And that ain't happening in this scenario is completely implausible. No one would really pay that much to mow the lawn, most likely. And you couldn't work every hour in a year. You couldn't eat, you couldn't sleep, nothing like that. So it's really numbers like this that I think kind of slap someone in the face if they think they can just hustle and grind their way to wealth. I really don't think that's the best way. In fact, what I would share with you is that this is the exact opposite of being wealthy. This is the opposite of growing rich in your sleep, because you have to continue to trade your time for dollars.   Keith Weinhold (00:25:32) - In order to make this work, you need to continue to sell your time for money in order to make this work. And then really, what happens when you come of age and get older and you're probably not mowing lawns for money anymore. You end up in a place that looks kind of like this. Okay? And this is the workplace. What happens in the workplace? I like to say the workplace is where you pretend to work and your employer pretends to pay you, but there's probably a pretty good chance, and I would probably call this a pre-COVID workplace. But, you know, you probably did spend most of your working years so far in a pre-COVID workplaces. People were packed in pretty tight right there that I think,, but don't worry about being in the workplace. You've got the commute to relax anyway, right? It shouldn't be so bad. You're grinding, trading your time for dollars. But also this worker here, they're doing something else that the lawn mower didn't do. Okay. We're going to say that you mowing the lawn that classified a poor person.   Keith Weinhold (00:26:31) - You had to work for money. But the middle class person here, they're also working for money. But they do have a better and higher use of their investing dollars. They're also getting some of their money to work for them in something like a 401 K or a 403 B, or a thrift savings plan, or an IRA or a 457 plan or something like that. So the middle class person here, they get some of their dollars working for them. That's significant. But look, here's the real point getting your money to work for you doesn't build wealth. And all these middle class people here, they think there couldn't possibly be anything better than me getting my money out there working for me. So I'll just leave it there. It can't get any better than having my money work for me. Well, that's not true. And I find it to be a real conundrum and paradox that people will spend tons of time learning about how work works. They spend zero time learning about how money works, but yet money is the only reason that they even go to work, which is really unusual to me.   Keith Weinhold (00:27:36) - So getting your money to work for you does not build wealth. Now, that doesn't sound too bad on the surface, but if you think about a 10% return over the long term from the S&P 500, which is about what you could expect, most people don't even consider the five deleterious drags on that 10% of inflation and emotion and taxes and fees and volatility, all five of those simultaneous drags. Now, I think some of these are easier to explain and understand than others. For example, if you have a 10% rate of return and 3% inflation, which is a long term historic term, you're already down to a 7% inflation adjusted rate of return. We haven't even subtracted out those other four things yet, and I like to look at things in really long timeline. So let's take a look at some long timelines with some returns you can expect. And therefore I also like to look at inflation in a long timeline. We'll call it 3% inflation. You've got to beat inflation substantially in order to have any real return.   Keith Weinhold (00:28:39) - And things like stocks mutual funds, ETFs just don't do it. So let's look at long timelines of let's say over 100 years here. I talked to you about the drag of inflation. Let's talk about the drag of volatility. This is little understood. Stocks are quite volatile. They go up and down. They're choppy where real estate is a substantially smoother ride. So let's look at two different lines here on this graph okay. Over the last 120 years since about the year 1900, the stock market has averaged roughly that 10% return, 6% from capital appreciation and 4% from dividends. So therefore, the Green Line, this shows capital appreciation. You're probably pretty used to seeing this. The compound return. This looks thrilling. Your mutual fund advisor loves to show you this line. This line goes like exponential. Like, who wouldn't want some of that, right? Some even believe Einstein was purported to say that compound interest is the eighth wonder of the world. So what's wrong with it? Where does it break down? Okay, well, I'm going to show you a second line.   Keith Weinhold (00:29:46) - And both of these lines show a 6% return from the year 1900, more than 120 years of returns. So the green line is what you think you got. But what did you really get with this 6%, quote unquote compounded return? You don't get this. You get this? That's what you really got. This is the deleterious effect of volatility on stock returns. You're like whoa, whoa wait. Well why why did that happen? How did that happen? The difference here is that whole effect of, let's say you have a $100 stock and it loses 50%. Now it's down to 50 bucks, but it gains back 50% the next year. Now it's only up to 75. So you've gone from $100 down to $75, even though you lost 50% in year one, say, and you gain 50% in year two. So it's really a mathematical problem. Another way to say it is that time spent making up previous losses is not the same as growing your money. It's not the same as compounding your money.   Keith Weinhold (00:30:51) - In fact, the tip of the blue line, the end of it there. Today's dollars. That's only 38% of what you get at the tip of the Green Line at what you expect to get. So a lot of investing has to do with expectations. If you expect a green line and you only get the blue line, that's when you end up like this. You know, sort of these stereotypical stock kind of photos when people can't pay the bills. And the interesting thing is we've been in a 401 K based world for 35 to 40 years now, where that's sort of the norm. People continue to end up like this, but yet they still get into 401 K's, and think getting their money to work for them is a way to build wealth. We're here and we're talking about why it isn't and that is the problem. And compound interest and compound interest does not bail people out of their income and savings problem either. Four out of five people have less than one year's worth of income, save for retirement.   Keith Weinhold (00:31:48) - This is why we have a retirement crisis today. You can't count on compound interest alone. So I would like you to imagine another pretty dreamy scenario for yourself. Okay. And this this is a pretty important exercise. This is some better news for you. I want you to think about how much money you think you're going to make, both earned and through investment returns your entire life. We'll say it's inside this vault right here. Okay. And the reason that this is some, some better news is, you know what? If you're in this room, the chances are that you're going to have a greater net worth and greater residual income than other people will. Because you've shown up here, you've shown that you're interested in this. And a lot of people, they don't think about inflation and they underestimate their life's earnings. So let's say that your entire life's net worth, accumulated assets would be the way to say it. Let's say your total accumulated assets are coming up to $8.5 million. How's that sound? $8.5 million.   Keith Weinhold (00:32:58) - That sounds pretty good, doesn't it? Wouldn't that be amazing? Now just imagine this. I'm going to give you all $8.5 million at one time. You're going to receive this all at once. How would that feel like? Wouldn't that be amazing? How fast are you going to quit your job? Hopefully you at least give the two weeks notice. Where are you going to go on vacation? Are you going to have time to care for your loved ones now, or be a volunteer at habitat for humanity? Or finally have time to be a deacon at your church? Or do whatever is important to you because you are job optional. Now with this 8.5 million delivered all at once. But wait, here's the thing I didn't tell you when the 8.5 million is being delivered to you all at once, it's all going to be delivered to you on the last day of your life. That's when you're going to get it. What do you do now? I guess you're not going to do around the world trip anymore, right? You're just saying your goodbyes to people.   Keith Weinhold (00:33:55) - It's the last day of your life. All right. What if you got 80% of this amount, then at age 80, would that be a little better or 70% at age 70? Would that be a little better? So my point is, timing matters. I don't know, what can you really do if you get 70% of it at age 70? You know, maybe when you're 73, that's the last year you can really paddleboard very well because you've had six knee surgeries by that or something. So timing really matters. So you really want to be invested in something that gives you an income stream that provides liquidity to you over time. You really ideally most want this sort of lifestyle smoothing effect where they get this income metered out to them. So liquidity really, really matters. And what helps achieve this smoothing it is those income streams. In fact, I would go as far as to say that the standard advice that you hear out there from people invest for your future, period. I'd actually say that's bad advice or incomplete advice.   Keith Weinhold (00:35:04) - Why would you only invest for your future when you can invest now for a stream of income now and not hemorrhage or sacrifice the future at all, which is really something that you can do with real estate. Build an income stream. Now, it typically appreciates faster than stocks and you didn't sacrifice the future at all., there's more bad advice out there. I think sometimes you'll hear a person say, for example, oh, pay yourself first. That means put your money in a traditional retirement plan or something like that. Pay yourself first. Wait a second. How in the world is it paying myself first if money is deducted from my paycheck when I'm, say, age 35 and I don't get that back until, say, I made 75, look what the 401 K the most popular plan in the United States. You cannot take penalty free distributions until between age 59.5 and 70.5. That's just when they begin. And you also must begin paying taxes on it at that time. So. Would you really find it a good trade if you trade away one hour of your 35 year old self? And in return, you get one hour of your 75 year old self.   Keith Weinhold (00:36:16) - Does that sound like a good trade? A lot of people that invest in these traditional retirement plans, that's really the trade that you're making. And I used to be involved in traditional retirement plans. I used to think they were the best thing until I looked at it. A lot of people talk about the benefits of delayed gratification, and I think delayed gratification. There's something implied in that being a desirable thing, that there's a positive outcome and that there's some big reward for delayed gratification. But it's definitely not guaranteed. We're not guaranteed tomorrow. So I think for one K plans, they're known as tax deferral plans. But I think you could just as easily call them life deferral plans because that's principally what they do in my opinion. So let's go back to the lawn mower. The lawn mower again, I'm classifying that as the poor or however the middle class are doing a little something different. Remember, not only were they working for money, they got some of their money to work for them, oftentimes in a retirement plan.   Keith Weinhold (00:37:14) - I guess they're symbolized by these,, what do they look like here? Construction engineers or something like that. They're middle class, the wealthy. You're doing something that the poor and the middle class aren't doing. The middle class. They get their money to work for them. What are the wealthy do? What is this guy doing right here? What does he have figured out? He knows the best and highest use of his investing. Dollar is not getting his money to work for him. It's getting other people's money to work for him. And in real estate, you can actually get other people's money to work for you three ways at the same time. And you can do it ethically. I think it's important to be ethical. You never get called a slumlord. Like, for example, my mission is to provide housing that's clean, safe, affordable and functional. You can use other people's money three ways at the same time will call this OPM Other People's money. You might have seen that abbreviation before.   Keith Weinhold (00:38:11) - You can do it three ways simultaneously with real estate. And you know, the great thing is you don't need any degree. You don't need any certification at all in order to ethically use other people's money three ways at the same time. The first way is with the bank's money. Like for example, the way I bought that first fourplex is with 3.5% of my own money, is a down payment, and I borrowed the other 96.5. So use the bank's money for the loan and leverage you use the tenant's money for that all important income stream, and for paying down your loan for you. And then the third way you use other people's money simultaneously in real estate is that you use the government's money for very generous tax incentives, like you can defer your capital gains tax endlessly. You can get a mortgage interest deduction. There's something called depreciation which shelters a portion of your rent income from ever getting taxed. Don't get your money to work for you. Or at least don't make that the focus. The focus should be on ethically getting other people's money to work for you.   Keith Weinhold (00:39:18) - And you know, I think really a concept like this harkens back to the late business philosopher Jim Rohn. Right? Jim Rohn said formal education will make you a living, but self-education will make you a fortune. So you really getting a condensed self-education right here? So let's just look at one of these three. Let's talk about that ten in income stream. That's the important one. That's the one where you build residual income. If you do want that freedom, if you do want to build enough of that residual income so that you can be job optional and do what you want to do, think about it conceptually. Think about how amazing it is that the tenant pays you what they pay you. The tenant pays completely one third of their income most of the time in rent to you one third of the time. So that is like you getting paid and that tenant going to work for you ten days every month. We'll call it the first ten days of every month just to work for you and to pay you.   Keith Weinhold (00:40:22) - Do you have any idea how amazing that is? Think about that. What other company gets one third of people's incomes and can do it at scale? Apple doesn't get one third of people's incomes. Think of all the stuff that people buy on Amazon, all those consumer products. But people still don't spend a third of their income on Amazon. So this is amazing. Like, who else gets this? Really nobody but you in real estate. So, you know, we're getting you to think differently here. This is just again one of the three ways that you can ethically employ other people's money. The others were the banks money and the government's money. We're talking about the tenants money here. All right. That was almost the first half of my presentation at the Spartan Summit. We are get rich education. So to review what you learned earlier in the show here today, keeping it real simple. High rates are for a strong economy, and low rates are for a weak economy. A fed pivot means when they reverse their monetary policy stance.   Keith Weinhold (00:41:31) - For example, going from raising rates to lowering rates. From that point where we left off on my presentation there, I go on to discuss more about the importance of cash flow, how leverage beats compound interest, inflation, property selection, properties to avoid, and more. If you'd like to watch all of that presentation, you can in entirety with the video on the get Rich education YouTube channel. Also, the link directly to that full video is in today's show notes. On the way out today, again coming up on a future episode retirement, we polled our great audience with the two you want to retire question. And we're also asking what is retirement anyway? We're discussing both of those huge questions coming up here on the show. If you'd like to hear that episode more, be sure to follow the show on your favorite podcast platform. Until next week, I'm your host, Keith Reinhold. Don't quit your day dream.   Speaker 6 (00:42:32) - Nothing on this show should be considered specific, personal or professional advice. Please consult an appropriate tax, legal, real estate, financial or business professional for individualized advice.   Speaker 6 (00:42:42) - Opinions of guests are their own. Information is not guaranteed. All investment strategies have the potential for profit or loss. The host is operating on behalf of get Rich education LLC exclusively. The.   Keith Weinhold (00:43:00) - The preceding program was brought to you by your home for wealth building. Get rich education.com.

Daniel Martinez, a self-made entrepreneur, shares his journey on the "It Isn't For Everyone Podcast." Starting as a truck driver, Martinez transitioned to real estate and co-founded a SaaS company. He discusses the importance of perseverance and continuous learning in building a business from scratch. Martinez delves into real estate niches, particularly land investing, and shares insights into various sub-niches like financing, commercial, and triple net leases. He emphasizes the significance of mindset and adaptability in negotiating deals and achieving success in real estate. The podcast covers Martinez's experience with cash flowing land deals, lead generation strategies, and scaling a business. He highlights the role of community and education, showcasing his success with the "Hive Mind" community. Additionally, Martinez discusses real estate success stories among his students and emphasizes the importance of documenting life for future reference. Creative finance strategies for real estate deals, including seller financing, are explored. Martinez provides examples of negotiating a million-dollar house deal and leveraging other people's money for business growth. He shares insights on starting a real estate fund and using creative financing to acquire businesses. Martinez touches on entrepreneurship, mindset, and growth, emphasizing the role of OPM (Other People's Money) in achieving success. The podcast concludes with discussions on AI in business growth, the value of podcasting, and Martinez's expertise in finding deals and achieving success in real estate investing. • Building a business from scratch to billionaire status. 0:03 • Real estate niches and opportunities. 3:02 • Real estate investing and land profits. 5:19 • Cash flowing land deals and finding buyers. 10:41 • Lead generation strategies in real estate. 15:18 • Sales strategies and scaling a business. 19:53 • Building a successful real estate business through digital products and community building. 22:36 • Real estate success stories and student growth. 27:54 • Documenting life, content creation, and creative finance. 30:32 • Creative negotiation strategies for buying a million-dollar house. 36:13 • Creative financing for real estate deals. 38:51 • Creative finance strategies for real estate investing. 43:44 • Fundraising and starting a real estate fund. 48:37 • Buying businesses with seller financing and implementing a hive mind strategy. 52:29 • Using other people's money (OPM) in real estate investing. 54:17 • Entrepreneurship, mindset, and growth. 1:00:01 • Real estate investing and entrepreneurship with Daniel Martinez. 1:05:27 • Entrepreneurship, motivation, and personal growth. 1:09:15 • Entrepreneurship, business growth, and impact. 1:13:51 • Business growth strategies, ads, and consistency. 1:19:01 • AI, business growth, and podcasting. 1:25:29 Text

Join Austin in today's solo episode as he delves into the core principles of Joint Ventureships, covering their definition, structural intricacies, the application of social media for leveraging JVs, and the inherent risks associated with such collaborative ventures. For those contemplating entry into the realm of joint ventureships, this episode is essential listening! In this episode we discussed: Unpacking the concept of OPM (Other People's Money). Defining the essence of joint ventures and their transformative impact on business. Examining the role of branding within the context of JVs and its potential to elevate partnerships. Unleashing the power of social media as a strategic tool for maximizing the benefits of Joint Ventureships. Delving into the various risks involved when venturing into collaborative partnerships. Tune in for an insightful discussion that goes beyond the surface, providing valuable insights into the dynamics of Joint Ventureships. Whether you're a seasoned entrepreneur or a curious listener, this episode is packed with essential information. Follow Mayu on Instagram at: https://www.instagram.com/mayu.thava/ Follow Austin on Instagram at: https://www.instagram.com/austinyeh6/ Follow the RISE Network Facebook at: https://www.facebook.com/groups/risenetworkevent Follow the RISE Network Instagram at: https://www.instagram.com/risenetworkevent/ RISE Real Estate Wholesaling 101 Course: https://rise-network-course.teachable.com/p/real-estate-wholesaling-masterclass-101 RISE Network Real Estate Investing Essentials Bundle: https://rise-network-course.teachable.com/p/rise-network-real-estate-investing-essentials If you or anyone you know is looking to sell their house, visit: www.fastontariohomebuyer.ca Real Estate Investing November Networking Event 

Ever heard your child quickly agree to a purchase when it wasn't their money but rather yours? Ah, the classic OPM (Other People's Money) mentality! But what if you could shift this perspective and plant in them a value for their own hard-earned cash? Believe it or not, the solution might just be a tap away on your smartphone. In this episode, our guest Gregg Murset is going to show you a brilliant and innovative way to transform and teach your children how they view and manage money. ¡Digamos que se pondrán en tus zapatos, ya lo verás!He's the co-founder & CEO of BusyKid. A certified financial planner, father of six (if you are looking for credibility, in my opinion this tops the list), and advocate for child accountability and financial literacy.In this episode you will learn:  How the app transformed the creator's kids' thinking about money in powerful ways. How seeing each other's investment portfolios creates fun family competition around money.  How the Busy Pay feature lets kids easily charge for odd jobs via a QR code, spurring financial literacy and an entrepreneurial spirit. For a quick recap of this episode go to http://www.jenhemphill.com/366Join our community on Facebook here: https://jenhemphill.com/community The post, How This Smart Spending App Helps Teach Kids About Money | HDM 366 appeared first on the Her Dinero Matters Podcast.

Ever heard your child quickly agree to a purchase when it wasn't their money but rather yours? Ah, the classic OPM (Other People's Money) mentality!  But what if you could shift this perspective and plant in them a value for their own hard-earned cash? Believe it or not, the solution might just be a tap away on your smartphone.  In this episode, our guest Gregg Murset is going to show you a brilliant and innovative way to transform and teach your children how they view and manage money.  ¡Digamos que se pondrán en tus zapatos, ya lo verás! He's the co-founder & CEO of BusyKid. A certified financial planner, father of six (if you are looking for credibility, in my opinion this tops the list), and advocate for child accountability and financial literacy. In this episode you will learn:  How the app transformed the creator's kids' thinking about money in powerful ways. How seeing each other's investment portfolios creates fun family competition around money.  How the Busy Pay feature lets kids easily charge for odd jobs via a QR code, spurring financial literacy and an entrepreneurial spirit. For a quick recap of this episode go to http://www.jenhemphill.com/366 Join our community on Facebook here: https://jenhemphill.com/community  The post, How This Smart Spending App Helps Teach Kids About Money | HDM 366 appeared first on the Her Dinero Matters Podcast.

Are you curious about the world of private equity and real estate investments? Tune in to the latest episode of the Power Unit Successcast Podcast, titled "The Surprising Path to Private Equity Success: How I Raised $10 Million in Just 6 Months!" In this riveting episode, host Chastin J. Miles engages in a candid conversation with Joseph Kimbrough, a seasoned private equity fund manager who shares insider secrets on navigating the complex terrain of private equity and real estate investments. From understanding bonus depreciation and its benefits, to monthly and quarterly distributions for investors, cash refinancing opportunities in the current market, the potential for high returns in selling a property, and the intricacies of investing in multiple properties within a fund, Joseph covers it all. He also delves into the nuances of multifamily and single-family real estate investments, the art of forced appreciation, decision-making processes for holding or selling a property, and the roles of general partners, limited partners, and key partners. Moreover, Joseph discusses the importance of net worth in guaranteeing loans for buildings, the equity percentage and increased payment potential for key partners, and the essential process of raising capital for a fund using OPM (Other People's Money). He also elaborates on the networking and relationship-building required to attract investors, the concept of preferred returns and guaranteed payments, the risks and downsides of real estate investments, and the advantages of investing in real estate through a fund rather than owning rental properties. Joseph further talks about the process of collecting investments, using the funds for property acquisitions, the potential for diversification and automatic allocation of funds to properties, the difficulty of selling a blind pool fund without specific properties identified, and the importance of sales skills in attracting investors to the fund. Additionally, he highlights the need to constantly raise capital, attract higher caliber investors, the benefits of focusing on generating income as a realtor, house flipper, or wholesaler, building passive income through real estate investments, the process of exiting a fund, selling properties within the fund, and the tax implications and benefits of long-term capital gains for investors. Don't miss out on this enlightening conversation full of valuable insights and actionable tips for anyone looking to succeed in the world of private equity and real estate investments. Listen to the Power Unit Successcast Podcast now! Stay Connected With Us

Today's show features a strategy from @mattamabile that helped him keep 100% of the cashflow on multiple real estate purchases while using JV partners.Want To Quit Your Job, Build Your Own Business, And Travel / Impact The World?Check Out The Action Academy Community / Schedule A Free Intro CallLearn How To Buy Real Estate & Businesses In 5 Minutes Per Week:Join Our Weekly Newsletter Follow Me As I Travel & Build:Twitter @theactionpodIG @brianluebbenTiktok @brianluebben

On this episode, I share a story about my first real estate deal and business partnership using OPM. OPM, also known as “Other People's Money” is a strategy I've used throughout my real estate career and I believe its an amazing way to push impactful agendas forward while providing opportunities for other people to participate by bringing capital to the table. Working with OPM is a big responsibility and it is a strategy I suggest for individuals and / or organizations that are experienced investors and business owners / operators. Tune in to hear more about some of the lessons I learned and how OPM positively and negatively impacted my life. If you've gotten value from any of my episodes, please leave a 5-star review and connect with me on Instagram at @faithfullywealthy! Join my mailing list here: https://forms.gle/oUCZbZNvBmjkFXYg8 and visit my website at www.alexismiles.com

Hello, and welcome to the Real Deals Show! In this episode, you'll meet Roger a married father of five who's also a proud grandfather of two.

Donato grew up in Bettendorf, Iowa where he graduated as high-school Valedictorian before attending Boise State University for Biology where he was one of three biology majors in the country awarded the prestigious Department of Defense (DoD) SMART Scholarship. This led to internships in Washington, D.C. and the time freedom to spend a field semester in western Montana and volunteer for a month on a South African wildlife reserve. After returning to the states, he founded a real estate wholesaling company before quickly transitioning to bigger projects; including purchasing a four family house-hack in St. Louis and helping to establish a commercial multifamily syndication company with over 172 units and $15M in acquisitions in their first 18 months. Not to leave opportunity on the table, Donato connected with his now co-founder Drew McCluskey to create BrightInvestor - a platform that helps people invest anywhere with confidence by making real estate market research simple. Today, Donato works full time for the Department of Defense while continuing to syndicate large apartment complexes and leading BrightInvestor to its late March 2023 launch date. MENTIONED IN THIS SHOW BrightInvestor.com Building a StoryBrand by Donald Miller Every REI Tool CONNECT WITH DONATO https://linktr.ee/donatocallahan Instagram: @donato_callahan Twitter: @DonCallahanRE Facebook: Donato Callahan Connect with the Host - Nathan https://undoor.com/links https://everyreitool.com

Hello, and welcome to the Real Deals Show! In this episode, Mel and I will be chatting with Jason. He started his professional career working several "golden handcuff" jobs in Canada for over 20 years including consulting, banking and several startups and began investing in Real Estate 6 years ago as a means to "break free" from the 9 to 5 and to have time to start his family.

There are numerous things Joe was able to help me determine after working with him. Investing in people and hiring A-players, how to schedule my day for maximum efficiency, networking with high-level executives, and much more. I can keep going but it's a no-brainer to work with Joe for anyone that wants to scale up their business and find clarity.   Providing real estate investors, entrepreneurs, and business professionals with the tools and strategies they need to find breakthrough success, Joe Evangelisti is the host of The Legacy Blueprint podcast and a high-performance coach with over 5,000 hours of coaching experience under his belt. His mission is to assist real estate investors, entrepreneurs, and business professionals in exercising their true power and finding their hidden potential to achieve more success, wealth, and freedom than they ever thought possible. Joe creates life-changing transformation by providing clients with the tools and strategies needed to create unstoppable momentum and break through obstacles. He's helped hundreds of business owners to build better teams and cross the 7, 8, and 9-figure mark.   In addition to his private coaching practice, Joe serves as the CEO of three 7 and 8-figure companies, and his real estate portfolio includes single-family, multi-family, self-storage, and cold storage. Before building his business and real estate empire, Joe served in the military as a Builder in the US Navy Seabees. He holds Letters of Commendation from the US Navy and The White House, a Letter of Appreciation from President Clinton, and numerous service medals. Joe lives with his wife Ashley and their 2 girls in beautiful Haddonfield, New Jersey. Entrepreneur, Coach, Veteran, and Host of The Legacy Blueprint Podcast   [00:01 - 9:37] Opening Segment Joe's brief background and career Shifting to self-storage development He found the self-storage industry to be welcoming, tight-knit, and small, with everyone willing to help each other   [09:38 - 17:26] Multi-Family vs. Self-Storage Joe's secret sauce is finding off-market deals and making something happen out of them negotiating a good deal with a seller and creating a win-win for them What makes self-storage so bulletproof? The vast broadness of occupants of self-storage   [17:26 - 29:10] How Self-Storage Can Help Save Other Spaces Self-storage is one of those darkened big box chains  People don't want to visit when they see a hundred thousand square feet empty inside a shopping center The multiple ways you can get involved in the self-storage Certified Field Agent training if you're an accredited investor, visit www.InvestWithLegacy.com    [29:11 - 37:47] When Is It Safe to Start Purchasing More to Flip? Understanding when to use OPM (Other People's Money) Joe's experience of using his own money for deals and ending up broke How Joe started buying houses at cheap prices and began wholesaling Starting a rental portfolio as rental rates have never gone down The market started to tighten and the real estate market had become overcrowded with people flipping houses   [37:48 - 42:19] Closing Segment   Quotes:   “A lot of people are in different industries. You gotta be different. You gotta be that blue ocean.” - Joe Evangelisti   “What makes a single family deal work is finding it off the market and negotiating a good deal with a seller and creating a win-win for them and us.” - Joe Evangelisti   “I stumbled upon self-storage and I made some connections, I made some phone calls, I started having conversations. And all of a sudden it was interesting because the industry was so welcoming.” - Joe Evangelisti   CONNECT WITH JOE joseph.evangelisti@gmail.com  www.JoeEvangelisti.com   www.ElevateWithJoe.com  www.InvestWithLegacy.com  609-346-4610 LinkedIn: in/JEvangelisti Twitter: /JEvangelisti Facebook: @JoeEvangelistiDotCom /Joe Evangelisti id959740605 evangelisti07

Robin Binkley is the Co-Founder of Real Equity Investment Partners, is a Professional Real Estate Investor with a desire to make positive change in the world for women.  She aspires to assist women in learning about Financial Education and Money Management in the United States and abroad. She is motivated, inspired, and loves sharing her vision with others. It is her greatest desire for women and others to gain financial independence and freedom. Robin shares three beautiful adult children with her husband Brett; she is a Family Woman, Businesswoman, Entrepreneur, and Syndicator.  Robin's mission is to help you dream bigger than you thought possible and to help you develop a strategy to make it a reality. 1:30 - Becoming inspired to help women 3:30 - Women investors 5:30 - Robin's start in Real Estate Investing 8:15 - From uninterested to interested 9:30 - Robin's blessing in disguise 12:00 - Knowing the deal and the person you're investing with 13:00 - OPM “Other People's Money” 14:15 - Robin's untraditional first investment 16:45 - Goal setting 19:30 - Single-family home management 20:30 - Helping women manage their money 22:00 - Ladies Kickin' Assets 22:45 - Finishing what you start 24:00 - The importance of action and taking steps 27:00 - Relationship building 29:45 - Bitcoin mining fund 31:30 - Portfolio diversification 33:00 - Connecting with Robin Facebook LinkedIn Instagram Website

Welcome to the Real Deals Show!  In this episode, Mel and I will be chatting with Daryl Babineau. He joined our Action Family™ in November 2021 because he was determined to completely change his life. In less than a year, he accomplished his goals!

Business credit is often one of those things that everyone knows is important but they don't quite fully understand how it works or what they can do to improve or grow it and the world that opens up for them and their business with solid business credit, especially when it comes to acquiring funding.  On episode 075 of the Restoration Domination Podcast, your host Rico Garcia Jr interviews special guest Ty Crandall from Credit Suite.  They discuss the steps that you need to take to build killer business credit in up to 9 months so that you can have a no denial experience and get the lines of credit you need to buy equipment, locations, etc. Biggest Takeaways:-How to Dominate by having access & using OPM ( Other People's Money ) -The Magic of the 3 C's Formula , Credit - Cash flow - & Collateral-How you look on paper and online could cost you access to credit and funding, making sure that you take your time to build the right presence online and with your documents and in the right order is keyFind our GuestWebsite: https://www.creditsuite.com/ Phone Number: (877) 600-2487Business Facebook: https://www.facebook.com/CreditSuite/ Business Linkedin: https://www.linkedin.com/company/credit-suite/Business Instagram: https://www.instagram.com/creditsuite/ Youtube: https://www.youtube.com/c/creditsuitePodcast: https://www.creditsuite.com/podcast/Sponsors:mpartial uses geospatial data to assist in creating accurate estimates, invoices, documentation of damages or work done and assisting in faster and fairer claim settlement. Use DOMINATE60 for 99% off Enterprise Plan https://bit.ly/3tz2Xwzsureti Corporation removes the time and financial headaches of getting the mortgage company to release funds or a customer to pay their deductibles in insurance claims. They cut the middle man getting you paid faster and in full. Learn More: https://bit.ly/3pyVLxrC&R Magazine is the oldest trade publication specifically dedicated to the cleaning and restoration industry. C&R is available in print and digital formats for free. Learn more and subscribe for FREE here: https://bit.ly/310KLjp0:00 Intro3:31 Podcast Intro3:47 Ty and Credit Suite10:02 Does Personal Credit Affect Business Credit14:21 Business Credit Bureau17:14 Paybacks in Business Credit19:47 How to Start Building Business Credit28:15 Thanks to our Sponsors31:26 Step Two32:56 Step Three34:02 Starter Vendors37:48 Tiers of Credit40:05  Funding vs Credit44:42 How Credit Suite Can Help46:44 How Important is Cash Flow48:55 Bank Loans and SBA Loans51:27 The 3 C's53:30 Reaching out to Credit Suite

Taking your wealth building plan seriously involves a process of learning how to leverage other tools and systems properly to your benefit. If you want to know how to get it done, this is the podcast for you! Personal and Business Credit, Personal Development, and Financial Literacy all in one podcast? YES! “Mr. Money Savvy” Kenney Conwell is a world-renowned financial expert, registered financial consultant & Investment advisor. In his career, Kenney has helped over 32,000 people start the journey of improving their credit.    Personal and Business Credit Building : Why it is important to build your credit profiles the correct way with your future legacy in mind.    Money Making You Money : The truth about what it takes to leverage OPM ( Other People's / THE BANK's Money) to help your personal agenda to create capital and build wealth on your own terms.    Business Stages and Awareness : How to be honest about where you are in the numerous stages of a business life and how to become more self aware of what it takes to build a thriving, healthy, and sustainable pace of doing business.    And so much more!   Join us for Black Wealth Friday : https://melaninmoney.com/bwf/   Connect with  Kenney https://www.instagram.com/kenneyconwell/   Ask your money questions here : https://www.videoask.com/fjp1gzv8y Join the Melanin Money Experience today : https://melaninmoney.com/join/ Get unlimited access to all of our Masterclasses here : https://melaninmoney.com/financialflix/ Need a financial check up? Get your WEALTH HEALTH SCORE today : https://www.mywealthhealthscore.com Take your financial advisor wherever you go with POCKET ADVISOR: https://melaninmoney.com/pocketadvisor/ Follow the Melanin Money brand on Instagram https://www.instagram.com/_melaninmoney_/ - Connect with George on Instagram https://www.instagram.com/georgeacheampongjr/ - Connect with Jacqueline on Instagram  https://www.instagram.com/jacquelineplans/ - Connect with Carter on Instagram https://www.instagram.com/cofield_advisor/

CASH is king, but CREDIT brings power & leverage! Check out Season 3 - Episode 28 w/ Jack of all trades, master of most, serial entrepreneur, and credit coach: Rari aka VendHer! In this episode, Rari and I talk about: - The pros & cons of being a “MultiPotentialite” - What impacts your credit score and how to raise it - OPM ~ Other People's Money - What is Digital Real Estate If you're looking to be motivated, educated, and entertained…this podcast is for you! — • Connect with Rari: https://instagram.com/_vendher?igshid=YmMyMTA2M2Y= • Subscribe to our website for FYI FLI app updates: https://fyifli.com/ • Purchase the playbook to increasing your drive, destiny, & dollars: https://fyifli.com/fromcollegetocovid/

Are you looking for a great way to get into real estate investing? Do you want to reduce your risk by partnering with others? Do you want to use OPM (Other People's Money) to start your investing career? On this week's episode of Get Your FILL - Financial Independence & Long Life podcast, Real Estate Syndicator, Flint Jameson, shares how he went from being an Aerospace Engineer to a financially-independent real estate syndicator in a short time - and how you can too! Link to the video Link to the podcast Connect with Flint: Website LinkedIn Facebook IG About Flint Jameson Since 2018 Flint has been applying successful principles of real estate investments in single-family and multi-family properties. He continues to educate, mentor, and network with successful partners to achieve low-risk, high-return assets. In addition, Flint started Vestus Capital LLC to bring like-minded investors into commercial real estate. Fun Fact: Flint made a deal with his wife to visit all seven continents before we had kids. - mission accomplished, now they have a 3 and 5 yr old.

Are you looking to make moves in the real estate market but have found it hard getting money from a bank? If so, private lenders are the solution for you. And chances are they're already someone in your social circles. In this episode, Sam and Lucas break down what a private lender is, how to start talking real estate with people and turn them into private lenders – plus a whole bunch of industry tips that they've acquired over the years that have helped them make bank with OPM (Other People's Money). The pros definitely outweigh the cons as these two pros show us how it's done the smart way. “Private lenders are individuals (or husband and wife types), usually in your circle, who are looking to diversify some of their investments and get a solid, safe return on real estate. And/or individuals who are interested in investing in real estate but don't want to go through all the hard work, and just want a piece of it.” ~ Lucas Walls In this Episode: - What is a private lender? (Not a rich uncle) - How to find a private lender - How to pitch to a potential lender (have fun with the client AND take it seriously) - Outlining the amount they can expect as a return on their investment - The Pros and Cons of private lending versus going to a bank - Plus: Deal of the Week and Rant of the Week (how hard it is to buy Air Jordans) Connect with Sam and Lucas: -https://fasterfreedom.com/ ( Website) -https://www.instagram.com/samfasterfreedom/ ( Instagram) -https://www.facebook.com/SamFasterFreedom/ ( Facebook Group) -https://www.linkedin.com/company/faster-freedom/ ( LinkedIn) -https://www.youtube.com/channel/UCQ0PT_ukTeNVAr0XPiSX2Lw ( YouTube) -https://www.tiktok.com/@samfasterfreedom ( TikTok)

Thursday Morning Abundance with Vinney Chopra & Gualter Amarelo “When you want to take OPM (Other People's Money) you have to gain their trust.”   When it comes to taking care of your clients, trust is at the center.   Join us every Thursday at 8AM PST!   Learn the Secrets to becoming a Millionaire 100MILLIONAIRES Summit 2022   Claim your FREE copy of The #1 International Best Seller Book in Amazon: http://apartmentsyndicationmadeeasy.com/   Learn more about investing with Vinney: https://vinneychopra.com/invest/ Apply for Mentorship: https://vinneychopra.com/mentorship/   Don't forget to head over to iTunes to subscribe, rate, and leave a review. It's very much appreciated.

In the second part of our special edition Episode 50, Chris Pomerleau details how he relies on other people to fuel his exponential growth. He takes high level thinking and strategies and simplifies it so that anyone trying to scale their investment business and use OPM (Other People's Money) can have a good understanding of what's involved. He shares his thoughts about understanding the value of what you to a partnership, how to recruit a team of Aces and his strategy on navigating these uncertain economic times. If you're ready to scale your business, or even if you're not at that point just yet, this will give you that motivation to do so! Let's listen to Part 2 or REIA Radio 50! You can Join the Omaha REIA at https://omahareia.com/ Omaha REIA on facebook https://www.facebook.com/groups/OmahaREIA Check out the National REIA https://nationalreia.org/ Find Ted Kaasch at www.tedkaasch.com Owen Dashner on Facebook https://www.facebook.com/owen.dashner Instagram https://www.instagram.com/odawg2424/ Red Ladder Property Solutions www.sellmyhouseinomahafast.com Liquid Lending Solutions www.liquidlendingsolutions.com Owen's Blogs www.otowninvestor.com  www.reiquicktips.com Leavenwealth https://www.leavenwealth.com/ Chris Pomerleau on Facebook https://www.facebook.com/chris.pomerleau.3 LinkedIn https://www.linkedin.com/in/cashflowwithchris Twitter https://twitter.com/chrispomerleau If you like the content on Omaha REIA Radio, Be sure to give us a review on your favorite podcast platform to help others find us and leverage the knowledge and experience our hosts and guests have to offer. We greatly appreciate you for tuning in and see you in the next episode!! 

Tom and Sunny address your questions about getting business capital as a new business, expanding and marketing your business, as well as giving bonuses, raises, and job evaluations without hurting or causing jealousy among other employees.   In this episode, we talk about…    Question 1: I'm planning to expand my business into five markets in 3 states over the next years. What is the best way to advertise in each market? Identify your ideal client and dial in your marketing Instead of focusing on multiple locations, concentrate on one   Question 2: How do I get business capital as a new business?  Your customer is your bank — grow and fund your business with OPM (Other People's Money)  Reinvest your profits into your business to build your brand, get equipments, etc. You are not profitable enough if you don't have the cash to reinvest into the business.    Question 3: How to implement bonuses and raises without hurting or making the other team members jealous? It depends on your company's culture Give them a raise when they meet certain criteria  If you're offering a bonus, you have to offer it to everyone   Resources:  Submit your questions to help@thecontractorfight.com with the subject “Podcast” and Tom and Dan will try to answer them on an upcoming show.   Visit our sponsors of this episode, NiceJob. NiceJob is Reputation Marketing software that will help your business collect 2-3 times more reviews on Google, Facebook, and the platforms that matter. Don't forget to use code “Fight” for $50 off the first month on new accounts! https://www.TheContractorFight.com/nicejob    Are you stealing money from your family because you aren't charging enough for your services? Discover what you SHOULD be charging. Download our 50% Gross Profit cheat sheet: https://thecontractorfight.com/50   == Join us in BATTLEGROUND == Everything your contracting business needs in one comprehensive program with three main focus areas: Leadership, Communication, and Numbers. For more info check out: https://TheContractorFight.com/Battleground    == Order your free copy of Tom's book Winning the Contractor Fight (Just pay to ship) == https://thecontractorfight.com/book    == Grab the Gear == https://gear.thecontractorfight.com/    == Find Us on Social Media == YouTube: https://www.youtube.com/c/TomReber  Instagram: https://thecontractorfight.com/ig 

82% of Women Owned Businesses are run from home but 69% of these businesses are self-funded!  My goal is to help you change that pain of pulling money from your own pocket and leverage OPM (Other People's Money) the right way, the first time.Learn the foundation of establishing Business Credit and How to make your business more funding attractive.  

It's tax day in the USA. Taxes are the largest expense most people pay in their entire lives. But what if it didn't have to be that way? Be a more savvy investor by using real estate investing strategies to reduce your tax liability. Adam Schroeder and Zach Lemaster talk with tax strategists Lorraine and Jim about 5 key things real estate can be utilized to reduce or eliminate the taxes you owe. Learn more about these tax strategies HERE Main Benefits of REI for a Passive Investor - 03:57 The Beauty of OPM (Other People's Money) - 22:35 Cost Segregation Studies - 28:41 Capital Gains Tax - 48:10 Charitable Trusts & Their Ability to Create Additional Tax Reductions - 54:41 Watch the YouTube video of this podcast HERE -------------------------------------------------------- Website - www.RentToRetirement.com YouTube - www.YouTube.com/RentToRetirement Current Hotlist Properties - www.RentToRetirement.com/Hotlist

Marco Salinas is the President and founder of Credit 360 Consulting and is certified as a FICO Credit Professional and a Consumer Credit Counselor as well as a Certified Financial Coach and specializes in consumer credit and debt relief and has been helping consumers with their financial needs since 2008. He is an Amazon Best Selling Author and has co-authored a book with the legendary Brian Tracy on the topic of business credit. Marco formerly hosted “The Credit 360 Radio Show” on Newstalk 930 KLUP in his hometown of San Antonio as well as other media outlets such as CNN. He is also a certified real estate instructor through TREC and TAR and hosts seminars to assist individuals with both consumer and business credit needs This episode talks about: Marco's background and why he chose to help people solve credit issues The impact of your credit and leverage Strategies one can apply to improve personal credit rating How to build wealth using leverage, like financing real estate? The importance of OPM (Other People's Money) What is the “27-10 savings challenge”? Importance of saving money for the future. How can you apply the 27-10 savings challenge alongside the Bank On Yourself Strategy? How to assure access to capital at any time? How can one protect his/her wealth from market volatility? What does “money by location” mean? To connect with Marco Salinas, please visit: