POPULARITY
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
Rent To Retirement: Building Financial Independence Through Turnkey Real Estate Investing
Welcome back to another episode of the Rent To Retirement Podcast!
Rent To Retirement: Building Financial Independence Through Turnkey Real Estate Investing
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
Rent To Retirement: Building Financial Independence Through Turnkey Real Estate Investing
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!
Rent To Retirement: Building Financial Independence Through Turnkey Real Estate Investing
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.
This time with Liam, the focus is on the fastest way to raise money for real estate through a step-by-step process. Liam shares his expertise on raising over nine million pounds of joint venture finance and helping his graduates raise even more. He introduces the No Money Down Blueprint, a six-step process that guides listeners on how to use other people's money to build a property portfolio, and provides insights on how to seal the deal and deliver on promises to investors. KEY TAKEAWAYS The fastest way to raise money for real estate is through OPM (Other People's Money). The six-step process of the No Money Down Blueprint includes: Prepare, Network, Fact Find, Build Desire, Seal the Deal, and Deliver and Repeat. Networking is crucial in building relationships with potential investors, and it should be a priority, with 70% of spare time dedicated to it. Building desire involves spending time with potential investors, selling oneself and one's services, and finding common ground to build rapport. Sealing the deal requires framing the meeting from the beginning, presenting a service or solution, and asking closing questions to secure the investor's commitment. BEST MOMENTS "I'm known as the money man in property. I've personally raised over nine million pounds of joint venture finance." "Networking is absolutely fundamental. 70% of your spare time should be focused on building new relationships with the right type of person." "Hang out with investors, build desire. You want to be in a position where people want to work with you." "Do what you say you're going to do. Give them a great experience. Spend time with the investor." VALUABLE RESOURCES The Dealmaker Podcast - https://omny.fm/shows/the-deal-maker-by-liam-ryan Assets For Life - https://assetsforlife.co.uk Instagram - https://www.instagram.com/liamjryanwealth/ Facebook Page - https://www.facebook.com/LiamJRyan.AFL Facebook Personal - https://www.facebook.com/profile.php?id=100010124928017 HOST BIO You're listening to The Deal Maker podcast with Property Expert, Property Multi Millionaire and Joint World Record Holder Liam J. Ryan. If you want to become a master negotiator, close more property deals, become a great salesperson and live a better life then The Deal Maker podcast is for you. Liam is a property investor, business owner and Entrepreneur helping people make more money and live a happier life
Liam provides a step-by-step guide to UK real estate investing for beginners, beginning with the Property Freedom Formula, a seven-step process that guarantees results for both beginner and seasoned property investors. The episode covers the importance of mindset and how to cultivate a winning mindset for success in property investing. It also delves into funding options, emphasising the use of other people's money (OPM) to accelerate portfolio growth. KEY TAKEAWAYS Property investing is simple when you understand the laws and follow a system. Mindset is essential for success in property investing. Belief and working on personal growth are important aspects of mindset. Funding can be obtained through OPM (Other People's Money), such as joint ventures or private funders. Site finding is crucial, and it is important to focus on primary and secondary strategies and build relationships with agents to find deals. The Property Freedom Formula, consisting of seven steps (mindset, funding, site finding, appraisal, planning, construction, and exit), can guide beginners in UK real estate investing. BEST MOMENTS "You can do the same, even if you're a complete beginner." "Property investing is actually very simple when you understand the laws of property investing." "It is absolutely essential when becoming a property investor or looking to scale a portfolio that you use systems and processes that will help you go and get the guaranteed results." "The most important thing is to make sure it is a win-win." VALUABLE RESOURCES The Dealmaker Podcast - https://omny.fm/shows/the-deal-maker-by-liam-ryan Assets For Life - https://assetsforlife.co.uk Instagram - https://www.instagram.com/liamjryanwealth/ Facebook Page - https://www.facebook.com/LiamJRyan.AFL Facebook Personal - https://www.facebook.com/profile.php?id=100010124928017 HOST BIO You're listening to The Deal Maker podcast with Property Expert, Property Multi Millionaire and Joint World Record Holder Liam J. Ryan. If you want to become a master negotiator, close more property deals, become a great salesperson and live a better life then The Deal Maker podcast is for you. Liam is a property investor, business owner and Entrepreneur helping people make more money and live a happier life
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
The Action Academy | Millionaire Mentorship for Your Life & Business
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
We are brought up to hate debt and to pay-off every single dollar as fast as we can so we do not have debt. That is the common teaching. But using debt is different from having debt. We are not familiar nor comfortable with this concept. It does take a different mindset to absorb this. In this episode, we start with defining debt and OPM (Other People's Money). Then, we discuss how to leverage OPM. Enjoy the learning carefully! If you want to leave me feedback or comments, please email me at hmfhd2020@gmail.com.
We are brought up to hate debt and to pay-off every single dollar as fast as we can so we do not have debt. That is the common teaching. But using debt is different from having debt. We are not familiar nor comfortable with this concept. It does take a different mindset to absorb this. In this episode, we start with defining debt and OPM (Other People's Money). Then, we discuss how to leverage OPM. Enjoy the learning carefully! If you want to leave me feedback or comments, please email me at hmfhd2020@gmail.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.
Service Business Mastery - Business Tips and Strategies for the Service Industry
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
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/
In this episode of Road To A Billion, Dan outlines how he was able to purchase his first portfolio of condominiums and the strategies he used. He also gives his opinion on using OPM (Other People's Money) to buy real estate and how you should use caution implementing that strategy. Dan Crosby is a real estate investor, serial entrepreneur, and car enthusiast. Dan is the founder and CEO of Canadian Protein, one of Canada's largest e-commerce supplement brands with a market capitalization of more than $100 million, and Coachwood Capital, a real estate investment firm with more than $100 million in assets under management. Dan also owns Coachwood Golf & Country Club as well as the limo company Luxxis VIP. Dan discusses business advice, entrepreneurship, and the mindset that led him to a $200 million net worth and how he plans to get to $1 BILLION on this channel. Follow Dan on his path to a $1 BILLION net worth! Links to Dan's businesses: https://linktree.com/dancrosbyceo #realestate #realestateinvesting #howto
FYI FLI - For Your Information Financial Literacy & Investing
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/
Many investors get started buying investment properties with the strategy of leveraging their own property, aka house hacking. They use HELOCs or refinance their own property to free up capital to buy investments. A great way to start but EVERYONE eventually runs out of money - our homes aren't a bank or bottomless pit of money, so what can be done next? Raising Capital! Also known as OPM - Other People's Money, this is a fantastic way of finding and using funds to grow one's portfolio without using our own money. There are passive investors that have MILLIONS of dollars ready and waiting to invest that money - why not be the solution so that it can be a win-win with the growth of one's own portfolio and make a nice return for the other investor. Curious?THIS podcast is for you if you have run out of your own money for investing, or want to scale your portfolio to massive levels with OPM - Other People's Money!WHAT YOU'LL LEARN:How a late night infomercial course kick started his investing careerHow and why his first ‘ask' for capital/OPM failed spectacularlyWhat he learned from it, and how it lead to millions of dollars in capitalWhy he created the Money Partner formula, and how it can help smaller investors like you, so you can become LARGE investors should you chooseWhy you can STILL buy real estate when you run out of your own moneyWhy you WILL run out of money and run out of creditHow his background in marketing help him create a new way to pitch money100's of clients and he helped raise $300 million dollarsWhat is the ‘million dollar investor presentation'And MUCH more!BioDave Dubeau (pronounced “Doo – Bow”) is a podcast host and creator of the Money Partner Formula. He and his team work with mom ‘n pop real estate investors providing done-for-you marketing services to help them raise capital. He's a best-selling author and speaker based in Beautiful British Columbia, Canada. He began his real estate investing career in 2003 doing 18 deals in 18 months and nowadays he invests passively in multi-family properties. Contact/Follow Dave:https://www.raisecapital101show.com feed:https://feed.podbean.com/raisecapital101forrealestateinvestors/feed.xml To reach out to Jose & Khadija, head over to:website: www.savvyrealestate.caInsta: @khadijajafferji & @josejafferji Tags: #raisecapital, #multifamilyhomes, #coaching, #mentoring, #success, #buildingwealth, #buildingequity, #howtobecomerich, #realestateinvesting, #portfolio, #moneypartnerformula, #howtogetrich,
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.
Hello, and welcome to the Real Deals Show! In this episode, Mel and I will be chatting with Jennifer and Seth. They are a couple from British Columbia who joined our Action Family™ mentoring program in January 2020. With the knowledge acquired coupled with the action they took, they were able to purchase 10 units in less than 3 months! They did this using OPM (Other People's Money). They purchased a duplex in March, a 4-plex in April and another 4-plex in May of that same year. That's awesome!
Every Tool You'll Ever Need to Become A Successful Real Estate Investor, Paired With the Industry's Superior Monthly Support System: https://www.pinkaffiliates.com/mentor... Scott Ulmer talks about raising money to buy real estate deals using OPM (Other People's Money). See omnystudio.com/listener for privacy information.
We've NEVER done this before… but for the first time ever we are giving you the opportunity to invest in the exact same development project that we are investing in.After my interview with these two Women of Action, I was so impressed that I asked the ladies to stay online with me as I wanted to know more. I even called in Dave as I saw this huge investment opportunity! And after running our numbers, stress testing the deal like we always do… We spoke with the developers… and decided to not only purchase one but two units as short-term rentals. And today, I am sharing this great opportunity with you!If you're looking to diversify your portfolio and have a beautiful unit for short-term rental not to mention a beautiful place to go visit on your next sunny vacation… then explore this amazing new development. Here's a direct link to find out more. Simply fill out your information and they will be in touch. https://caneyresidences.net/?ref=MeldaveWhy did we decide to purchase two of these units? Well…, numbers don't lie! We love the location, the amenities, the payment plan, the potential, and the price! (Prices start at low as $115,800USD!)We believe the first round of available units will go very quickly (this means the lowest price possible). So if you're serious about taking Action and investing in the Dominican Republic, we encourage you to reach out to them now to take advantage of the lower prices as they will go very quickly. Hope to see you in Dominican Republic!
Ordinary Guys Extraordinary Wealth: Real Estate Investing and Passive Income Tactics
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
Girl, Boss Up & L.E.A.D (Leverage Elevate Accelerate Dominate)
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.
The REITE Club Podcast - Real Estate Investing for Canadians
Guests: Karan & Kunal Malhotra, Real Estate Investors In this episode you will learn about: OPM - Other People's MoneyBenefits of connecting with other peoplePrivate InvestorsBuilding trust with InvestorsThe Numbers Game - Secured vs. Unsecured FundsVarious Investment Strategies Get in touch with Karan & Kunal:Email:ksrk.holdings@gmail.com Karan and Kunal immigrated from India. Karan came to Canada in 2012 as a student. Their real estate investing career started with the idea of the Canadian dream of buying a house. In only a year they managed to accumulate 10-doors in their portfolio, and all deals are 100% OPM with no JVs. This pair shared their journey through real estate investing, including how they acquired their properties by using Other-People's-Money. They also shared the benefit of growing your connections, building trust with your investors, and how they managed their finances while scaling up. Tune in to Karan & Kunal's inspiring real estate investing career in Canada! This episode has been brought to you in part by:Elevation Realty - http://www.elevationrealty.ca/Legal Second Suites - https://legalsecondsuites.com/BM Select - https://bmselect.ca/ The show notes are brought to you in part by Building Stack, our official digital signatures provider. Building Stack is a flexible property management platform built in Canada. Sign documents and leases faster with their new digital signature add-on! Special REITE Club discount to get started today! https://www.buildingstack.com/
Liam talks you through the ways in which you can find the investors who can help you to make your property investing dreams come true. KEY TAKEAWAYS Many do not believe that property portfolios cannot be built unless you have large cash reserves. This isn't the case. You can use OPM (Other People's Money) When it comes to investing in property, your ambitions are only ever limited by your mindset. Believe in yourself and anything is possible. Friends and family are a wonderful source of investment capital. Remember that by NOT offering a great return on their money, you are doing them a disservice. BEST MOMENTS 'If I can do it, you can do it' 'It's all about building relationships' 'The great thing about social media is that it's free!' VALUABLE RESOURCES The Dealmaker Podcast - https://omny.fm/shows/the-deal-maker-by-liam-ryan Assets For Life - https://assetsforlife.co.uk ABOUT THE HOST You're listening to The Deal Maker podcast with Property Expert, Property Multi Millionaire and Joint World Record Holder Liam J. Ryan. If you want to become a master negotiator, close more property deals, become a great salesperson and live a better life then The Deal Maker podcast is for you. Liam is a property investor, business owner and Entrepreneur helping people make more money and live a happier life CONTACT METHOD Instagram - https://www.instagram.com/liamjryanwealth/ Facebook Page - https://www.facebook.com/LiamJRyan.AFL Facebook Personal - https://www.facebook.com/profile.php?id=100010124928017
It's time for your first session with the one and only Marriage and Money Mentor, Derrick A. Abbott! A serial entrepreneur, leading expert in the real estate space, and a devoted partner to his wife - Derrick has overcome his fair share of hurdles in both his career and his relationships. Now, he's ready to help YOU turn your struggles into success. So if you are looking for profound insights, wisdom, and advice on navigating your money and your marriage or partnership, this is the podcast for you. Tune in to find the perfect harmony between these two essentials of life, and learn from the real-life trials and triumphs of Derrick A. Abbott and his guests. In this premiere episode, Derrick breaks down what you can expect from this podcast and drops some truth bombs packed with passion and practicality that will kickstart your journey to success in Marriage and Money. Are you ready to uncover the mindset necessary to put your marriage or partnership first without having to sacrifice your business or the life you desire? Tune in now to find out how. KEY POINTS: - Keeping it a 100% Real: Derrick shares wisdom based on real-life experiences; including mistakes he has learned from - Make Your Spouse a Best friend: Your spouse should be your best friend because only your best friend will accept you for who you are - Show Up: Men, take emotional responsibility for your commitment to your wife, show up emotionally the same way you would have to show up to run a successful business - Guests: This Podcast will feature guests from all walks of life and business, so expect diverse perspectives QUOTABLES: “You can have all the money in the world but if you don't have someone to spend it with, what does it even mean?” “I'm not here to be your teacher, I'm not here to give you a guidebook of instructions, I'm here to give you access to OPM: Other People's Mistakes. My mistakes. The mistakes that got me where I am today. I want to see all of you in a better place, I want everybody to win.” PRODUCTS / RESOURCES: IG | @marriageandmoneymentor - instagram.com/marriageandmoneymentor TikTok | @marriageandmoneymentor - tiktok.com/@marriageandmoneymentor YouTube | youtube.com/channel/UC_Q4W2YoQJvlIsJcl_7Vy6w Marriage and Money Mentor: Derrick A. Abbott is edited by Instapodcasts (visit at instapodcasts.com)
Loved this chapter...we've dreamed of different enterprises but...perhaps felt limited in how to fund the idea...here's to joining how the 1% think about this area of concern. --- Send in a voice message: https://anchor.fm/musingsofadivinefeminine/message Support this podcast: https://anchor.fm/musingsofadivinefeminine/support
Rent To Retirement: Building Financial Independence Through Turnkey Real Estate Investing
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
Rent To Retirement: Building Financial Independence Through Turnkey Real Estate Investing
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:
Contractor Success Map with Randal DeHart | Contractor Bookkeeping And Accounting Services
This Podcast Is Episode Number 464, And It's About Solutions To Reduce Debtor Days For Construction Business Owners Steady, reliable cash flow is crucial for the survival of your construction business – so taking steps to ensure your customers pay promptly is a key priority. Debtor days refer to the length of time it takes clients, on average, to pay you for the work you've done. A higher number of debtor days means clients take longer to pay you. A lower number of debtor days means clients take less time to pay you, which means there's more cash available for your business to use. In the construction industry, debtor days can average as long as almost three months. Shortening that length can have a significant impact on your cash flow. When your clients consistently pay on time, you'll avoid the dreaded "feast or famine" cycle. You'll be able to pay your vendors, suppliers, and employees on time, and, not least of all, yourself. Additionally, if clients start taking too long to pay you, you may leave money on the table in exchange for collecting anything at all. Implement these nine tips to get paid without delay. 1. Provide payment terms upfront Before working with any new client, always provide your terms in writing. Clearly state your rates, due payment dates, and your policies regarding late payments – including any fees you'll charge on balances owing. Make sure your client signs the agreement indicating that they are aware of your terms and conditions. Don't work with any client who refuses to sign. 2. Understand your client's payment process Large clients may have lengthy payment processes that require invoice verification. They may also receive dozens, or even hundreds, of invoices regularly. As a result, their policy may be to pay invoices only on certain days or only after so many days have passed from receiving the invoice. If possible, submit your invoices with their payment cycle in mind. If they only pay on the 15 of the month, get your invoice in before that date so that you can get paid this month instead of following. Make sure your invoices have all the information your client needs to quickly and efficiently verify your invoice. Have a checklist of all the information to include so they can approve it without coming back to you with questions. 3. Invoice immediately Invoice as quickly as you can. Every day you wait to send an invoice is another day you'll wait to be paid. If your invoice is on completion of a project, have your invoice ready to go by the final day so that you can send it right away. If you're currently preparing your invoices manually, switch to an accounting system with automated billing. You'll never forget to invoice a client, and you'll eliminate errors. You'll also be able to see when the invoice was sent, whom it was sent to, and when they viewed the invoice. 4. Follow up on invoices Send an invoice reminder before payment is due. People forget about their invoices, or invoices get misplaced, and a simple reminder can go a long way to helping clients remember. Call your customer immediately when a payment is past due. Ask for the invoice status and anything you can do to speed up payment. Sometimes a simple change, like including a purchase order number on the invoice, can speed up processing times. 5. Reward early payers Consider offering clients a 2% discount when they pay their invoice within ten days. In this scenario, a $1000 invoice would be reduced to $980 – not a massive loss for you, but an attractive cash-saving incentive for your customers. It can be worth it if it frees up cash for your business. 6. Charge interest As part of your terms, specify that if a client's payment is past due, a weekly fee of 2% will be added to the total until funds are received in full. If the client goes past due, charge them interest. 7. Get paid upfront In our past construction business, one of our fail-proof strategies is OPM - Other People's Money. Collect a partial deposit – or the entire amount in total – before you begin a project. 8. Suspend service Stop your supply of products or services until you receive payment. With this tactic, you'll avoid accumulating an even more significant loss with a consistently late or non-paying client. 9. Stay on top of who owes you Monitor who owes you money and how much every week so you can act fast if a customer hasn't paid on time. 10. A construction bookkeeping system - bonus tip! Without proper tracking and matching of income and expenses, most construction companies never know if they made a profit until the job is over. Understanding your balance sheet and KPIs (Key Performance Indicators) will keep you in the right direction. As a reminder, billing your clients depends on your signed contract and sending invoices based on the details of this agreement. Preventing these errors will undoubtedly help speed up the process of getting paid and, more so, getting paid on time. If you don't know what to do or how to start, I recommend our Contractor Bookkeeping Review and Consultation. It is one of the most sought out services we provide and have helped many small construction business owners across the United States. I also offer a free phone or in-person consultation for an hour (you'll always know in advance anything more that will cost you money). Final thoughts Perhaps the most critical tip for encouraging prompt payment is excellent communication. Be clear on your terms and ensure you send out your invoices promptly. When you follow up on a late invoice, ask when you can expect payment and agree on a date. If the money still isn't forthcoming, consider your legal options. You may not want to resort to legal action, but it's essential to send a message to that non-paying client and others that you will take the necessary steps to ensure payment. About The Author: Sharie DeHart, QPA is the co-founder of Business Consulting And Accounting in Lynnwood, Washington. She is the leading expert in managing outsourced construction bookkeeping and accounting services companies and cash management accounting for small construction companies across the USA. She encourages Contractors and Construction Company Owners to stay current on their tax obligations and offers insights on how to manage the remaining cash flow to operate and grow their construction company sales and profits so they can put more money in the bank. Call 1-800-361-1770 or sharie@fasteasyaccounting.com
In this episode we dive deep into the sexy topic of Business Credit and how you can leverage it to officially start your side hustle with OPM (Other People's Money).During the Pandemic a lot of people started Side Hustles. Fortunately for them many people were able to fund their start-ups with their Stimulus money. What many people don't know is when you understand the layers of business funding & how to get it, it's like creating your own personal stimulus check. All you need is some knowledge on you can leverage Business Credit to start and then eventually scale your business.
In today's episode, we will be joined by Dave Dupuis, the husband of Melanie. These pair are also known as Mel & Dave The Investor Couple, are innovative real estate investors who have SOLELY acquired over 200 apartments in just a few short years. Using creative and successful strategies, they have been able to increase their portfolio significantly without using any of their own money. They impressively have 100% ownership of these properties, which means they keep 100% of the equity, appreciation, and cash flow. Listen to this podcast now and learn how to invest using other people's money! Highlights: [02:20] Then & Now: How did the investor couple get to where they are? [03:54] How did he get into the real estate world? [06:57] Where did the couple learn about Creative Financing? [11:26] How did he acquire his first 12 Properties? [13:34] How does he find deals? [14:50] Why did he focus on Value-add Properties? [15:49] Why is the state favorable to landlords? [17:10] How did he utilize OPM (Other People's Money) [21:27] Why should we get expensive debt? [22:04] Who is qualified to hold the mortgage? [22:45] What is Asset-Based Lending? [24:50] His advice to new investors Links: Website: Mel & Dave Investor Couple LinkedIn: Investor Mel and Dave Facebook: Investor Mel & Dave Instagram: @investormeldave Tiktok: investormeldave Youtube: Investor Mel & Dave
In this episode of the Real Estate Power Play Podcast, hosted by Ronald Walker, Marty Grizzanti, and Gabe Rodarte, Introduced Private Capitals and how to raise private capitals to close deals, they began the episode by sharing their methods for finding capital and using OPM (Other People's Money). They discussed their experience with raising capital, including how they got started and how they found their first lenders. Additionally, the Real Estate Power Play Podcast, hosted by Ronald Walker, Marty Grizzanti, and Gabe Rodarte, Gabe also gave his insight and asked two questions for newcomers during the discussion on what to do after finding and landing your first investor (OPM). CRM was also introduced (Customer Relationship Manager). Gabe also mentioned that private money is EVERYWHERE, and that getting out there and getting involved is the key to success in finding and raising capital.In this episode of the Real Estate Power Play Podcast, hosted by Ronald Walker, Marty Grizzanti, and Gabe Rodarte, They mentioned payout and how you can get it and what programs you can use to get it. Investors opting out of a deal are unavoidable; in this episode, they also shared their experiences and methods for dealing with investors backing out of deals. Mark also recommended a book to the viewers, which can be of great help to newcomers and those who are just getting started with using OPM and on their way to finding their first lenders or investors. They concluded the episode by saying that having a great mindset is very important and that instead of looking at raising capital as asking people for money, look at it as providing opportunities for those people to earn a lot of money.In this episode of the Real Estate Power Play Podcast with Ronald Walker, Marty Grizzanti and Gabe Rodarte talked about: Raising Capitals CRM (Customer Relationship Manager) Finding Private Money Handling Investors who wants out of the deal Payouts Getting Involved Book Recommendations The Right MindsetConnect with Real Estate Power Play Podcast Hosts: Facebook: https://bit.ly/3mMZcAiMark Monroe: https://linktr.ee/markmonroeRonald Walker: https://linktr.ee/RonniewalkerMarty Grizzanti: http://linktr.ee/MgrizzantiGabe Rodarte: https://linktr.ee/gaberodarte
#147: Michael Hopkins: On A Path To Breaking Up With His 9-5 Job On this episode Gary chats with Michael Hopkins, the owner of ELMM Properties. He's working on his second property at the moment, and has been dealing with floods and asbestos removal, not what any investor wants deal with, but he's powering through it chasing the perfect BRRRR. Gary and co-host Quinton Cordick chat with Michael about how he got into Real Estate investing and why he chose it; his fears before he started; why he loves his day job but is transitioning into being a full time investor, even with the challenges of his second property, and why anyone can do this too! WHAT YOU'LL LEARN: HIs journey to real estate investing while holding a full time job Why he LOVES what he does, but doesn't like going into an office for 9-5 How his mindset has shifted and overcame his fears Who coaching accelerated his learning and effectiveness The perfect BRRRR How and why you should educated yourself on real estate Why he didn't know anything about credit or what a HELOC was Why he journals EVERY SINGLE DAY Why he does JVs and off market deals The CRAZY rents he is getting The power of OPM - Other People's Money Why you need to get creative with financing and why you don't need your own money How to work out EVERY SINGLE DAY And MORE! Michael's Bio Real Estate Investor. Helping others achieve wealth through strategic real estate purchases. Website/contact info for guest Insta: https://www.instagram.com/elmm_properties/ Website https://www.elmmproperties.com/ Facebook https://www.facebook.com/ELMM-Properties-109103861328993 This episode proudly sponsored by Brian Daley @ AGHI Home Inspections. Whether buying or selling a property, AGHI recognizes that the process can be stressful. It is critical that any decision you make be one that is based on knowing all of the facts. Purchasers, vendors, insurance companies and lending institutions have come to recognize the professionally trained residential home inspector as a credible source of key information vital to making these decisions, and AGHI has been doing it for over 15 years! Contact http://www.bookahomeinspection.com or call (416) 526-7482 Real Estate Investment Club visit https://www.smarthomechoice.ca Gary's mentorship program visit https://garyhibbert.ca Start your own Podcast visit https://www.podcastexperts.ca
In this episode of the Real Estate Power Play Podcast, hosted by Ronald Walker, Marty Grizzanti, and Gabe Rodarte, Mark started the episode by introducing what a Lease Option is and how he used one when he first began investing in real estate. Marty discussed the BRRRR (Buy, Rehab, Rent, Refinance, Repeat) strategy and why buying rentals is the easiest way to get started in the real estate industry.In addition, the Real Estate Power Play Podcast, presented by Ronald Walker, Marty Grizzanti, and Gabe Rodarte, explored what a cash-on-cash is, how to use OPM (Other People's Money) when analyzing the rent, and how OPM affects cash-on-cash. Ronnie proceeded to explain how important it is to make connections with wholesalers, why it is a win-win situation, and how it can help you find better deals.In this episode of the Real Estate Power Play Podcast, hosted by Ronald Walker, Marty Grizzanti, and Gabe Rodarte, Listening to sellers and understanding their wants is what you should be looking for. Ronnie discussed securing OPM, including the various methods and strategies to utilize while securing their money through a mortgage on the property you're purchasing. Marty wrapped up the podcast by explaining how he finds rentals, the steps he takes, and what it's like to analyze deals.On this episode of the Real Estate Power Play Podcast with Ronald Walker, Marty Grizzanti and Gabe Rodarte talked about: Lease Options Analyzing DealsBRRRR (Buy, Rehab, Rent, Refinance, Repeat) Starting point when finding deals What is Cash-on-cashUsing OPM (Other People's Money Analyzing Wholesale deals Seller Finance Connect with Real Estate Power Play Podcast Hosts: Facebook: https://bit.ly/3mMZcAi Mark Monroe: https://linktr.ee/markmonroeRonald Walker: https://linktr.ee/RonniewalkerMarty Grizzanti: http://linktr.ee/MgrizzantiGabe Rodarte: https://linktr.ee/gaberodarte
You're not begging for money when you're looking for capital. To talk to investors about OPM (Other People's Money), you need to understand that you're offering them an opportunity. Listen to this episode as Scott Carson breaks down what mentality you need to have to successfully raise capital in real estate. He shares some tools for getting investors to reach out to you and how to locate them. He'll even share with you what you need to say in your presentation or pitch deck. You'd regret missing out on this episode!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
Today's episode is entitled What does a Buccaneer's ticket and a townhouse have in common? I tend to attract and coach a lot of first-time real estate investors or people that just want to start investing but they don't know how. One thing I'd tell you right out of the gate is to go read Robert Kiyosaki's book called Rich Dad Poor Dad. This book will change your mind set about real estate investing. Once you've read that, then go read The Cash Flow Quadrant – this book was an eye-opener for me! The next thing I will share with you that investing in real estate IS NOT A GET RICH QUICK Scheme, that doesn't mean you can't make the right moves and get out of the rat race quicker than someone else. If you want to learn what the rat race is (you're probably in it right now and don't even know it) you can join me online every 1st Tuesday from 7pm to 9pm Eastern – we will use the CashFlow Game online as a tool to educate you about how to invest in real estate. Sign up at www.fearlessinnovator.com/roundtable to receive the online instructions. That's www.fearlessinnovator.com/roundtable. There are SOOO many ways to invest in real estate, but it really depends on your circumstances. I'm going to assume that most of you were like me when I got started. I was working full time in IT, and I just wanted to start to dabble in real estate and I didn't know how either! All I ever really heard about were people working full time and they owned rental properties. There wasn't a lot of education out there like there is today (boy that just made me sound old). Today, you can be a Wholesaler Note Buyer Multifamily investor REIT – Real Estate Investment Trust Commercial investor Short Term Rental – Vacation Rental Flipper – Rehabber Hard Money Lender Private Lender Single Family Home Vacant Land Each of the above come with their own set of risks and rewards. It's safe to say that if you're working full-time that becoming a Flipper/Rehabber wouldn't allow you the time necessary to devote to both your J.O.B. and the rehab project. While flipping can produce a big chunk of money at the end of the project you'll also need to understand the tax implications on the ordinary income. Another option the younger crowd may select is Wholesaling. Wholesaling is a lot of hustle finding deals and finding buyers with its own set of tax implications, this is a full time J.O.B. Most investors are after the passive income/cashflow – you'll hear those words used together a lot. In the book Rich Dad Poor Dad, you'll learn that passive income refers to making money while you sleep, and it's taxed at a lower rate than ordinary income and this is a step in the right direction if you're wanting to move from the J.O.B. Employee status to the status of Investor. I bet you didn't know that working as an employee at a J.O.B. you are taxed at the highest rate and true investors are taxed at a much lower rate and are able to take advantage of some tax laws. Robert Kiyosaki discusses in his book The Cashflow Quadrant. Maybe you have a big chunk of money sitting around, who knows? maybe you inherited it – did you know there are people out here like myself that use OPM – (Other People's Money) on an investment opportunities? It's handled legally through an attorney, and it's backed with a Note and Mortgage. This allows the Full Time Employee to remain in their working status, but their money is passively working for them at a fair rate of return. I think you can see now why you need to figure out what type of investor you want to be and understand all the risks and rewards. Another tidbit be sure to connect with a mentor. This can be someone that is willing to teach you along the way or signup for a mentoring program. I was very fortunate that I had such a mentor. My mentor did the same thing I mentioned above, only Jim bought me the Rich Dad Poor Dad book and encouraged me to read it. And because I'm on the global stage, I'm sorry but you'll have to make the effort to buy your own book! After reading the book, I became hungry to get started and like you I did NOT know how to get started. But I did know this about me and that is I can make things happen. Several months had passed and I was visiting with my girlfriend Patsy. She had increasingly become more discouraged as her daughter Michelle had moved to Charlotte and started rambling about wanting to be closer to her as she missed her very much. The two had been inseparable until Michelle moved. Each time I visited it was becoming more evident that she was going to move. She had tried to find someone to buy her townhouse and had failed, she was a bit reluctant to use a realtor because she didn't have much equity and she wanted to retain as much as she could for the move. One day she says – “Mechiel you should buy my house”. I was like I have no idea how to do that. She said it's easy, I'll just call my Title company and they will handle all the steps. We just need to agree to a price. I said, “ok?” I got on the phone with Jim – he helped me walk through the steps on my side, Patsy and I agreed to 50K. We both signed the sales contract. I believe I skipped the whole appraisal and inspection phase - which I would advise everyone not to skip today. I went and got a mortgage approved and we closed in 30 days. I helped Patsy pack her things and off to Charlotte she went. Now here I am – with a vacant townhouse and no idea how to get renters, how to manage them, no maintenance people, no idea how to track income and expenses and I'm working full time. I ended up putting a For Rent sign in the front yard and I put an ad in the newspaper. (Yeah, this was a while back!) Soon, I had people calling me and I'd setup appointments so I could “interview” them and they could come look at the place. Back then I told them, “If you have bad credit, just tell me now so I don't have to run your credit”. I would also advise against this today, but it seemed to work back then. For the next 2 years, I learned everything by a firehose. I had no maintenance crew and my dad even helped with a major leak under the kitchen floor that ultimately the runoff from the water ended up out in the street, but dad saved the day! At the end of the 2 years, my running tag line was – I have a guy for everything! Then because I thought I had become so proficient that I bought another one in the same development. This of course, added a whole new layer of complexity and issues but I was hooked! In summary, here's what I did: I negotiated directly with the seller I bought a single-family townhouse – without knowing anything at all about real estate and I was working full time and traveling. I placed the tenants without knowing how to screen or manage them. I held onto to the property for years and bought another one – because I now understood cashflow. I sold the 2 properties when there was enough equity to buy my next larger property. Moral of this story – The best way to start in Real Estate is to just jump in wherever you're uncomfortable! What are you afraid of? Oh, and if you're wondering about the Buccaneers seasons tickets – I scored them in with the purchase of the townhouse! B U C C A N E E R S – GO Bucs! The common denominator was my friend Patsy. Patsy got me started in Real Estate! I miss her dearly – she passed a few years ago – so I dedicate this episode to my dear friend Patsy Rogers! Laconia Bike fest is around the corner, and I can't wait for the wind therapy and my adventure with Insane Wanderers which is a diverse group of Latino's and a couple of white people. I may not understand everything they say, but I can point! While I'm gone to Laconia my real estate business is thriving! I'm producing income while I'm out riding around the countryside! If you want to know how, reach me at www.fearlessinnovator.com!
Innovative, paradigm-shifting, champion-inspired cult camper moving and shaking! Jen and Chris Hudak have moved Escapod travel trailers, shaken up their own world, they're changing world of teardrop campers, and they've built a collaborative business model in a burgeoning CoupleCo effort that began in a garage, expanded to an antique gas station with one employee, and now occupies an enormous space filled with employees in what was once a Ford dealership. In two years, they've expanded production exponentially, moving from selling dozens of units to hundreds. And they still can't meet the overwhelming demand. In short: the Hudaks are crushing it. In this episode, we discuss the realities of success, what it really means, and the emotional preparedness it requires. And what happens when, despite your desire to remain totally independent, you really do need to consider using OPM (Other People's Money)?
Many of the world's most successful companies have one secret power.They know how to use OPM.Coca-Cola uses it.ExxonMobil uses it. And several other multinationals love to use OPM.OPM = Other People's Money.Many of these businesses know how to use their market power to leverage other people's money to run and grow their businesses.And if they can do it, you can do it too.In this episode, I tell you why this strategy works so well.And I also share with you 5 common sources of OPM that most businesses can use but don't use like they should.You're going to learn a lot from this.
When you find yourself in need of working capital for your business, what options are available? Today, small business owners have no shortage of options and it can be overwhelming to decide which one is best. This is a GOOD THING! In this podcast, we share FOUR different ways to fund your growing business. Here they are: ✔ Alternative Lending – Traditionally, small business owners have turned to banks or credit unions for loans, lines of credit, etc. While working with a bank is still a preferred option, what happens if you don't meet their strict requirements or timing is an issue? ✔ Invoice Financing – Do you have unpaid invoices? The fact is late payments and overdue invoices can cause a serious cash flow problem for a business. A financing solution known as invoice financing or accounts receivable financing, allows small business owners to free up unpaid invoices. ✔ Revolving Line of Credit - Business credit cards. They are easier to get than you think and often do not rely on, or impact, your personal credit score. ✔ Self-Directed IRAs and OPM (Other People's Money) - With self-directed transactions, the account holder/investor works out all the terms with the other party. You can be fairly creative structuring business loans with self-directed vehicles. Each of these methods can get you the financing you need to grow your business. Pairing two or more can really leverage your power.
You've heard of OPM (Other People's Money) but have you heard of OPC? Bill Jennings of Pathway Financial calls into the show and educates us on the importance and how to leverage your finances by building and using business credit. This episode is filled with tips and hacks (all legal) that the banks and credit bureaus would rather you not know about! Btw, OPC = Other People's Credit. Bill Jenning's had the entrepreneurial spirit in him at an early age growing up in the midwest. He hustled in his early years in the music industry, he sold and flipped cars, and eventually found himself in the mortgage industry. Quickly, Bill rose to the top making a killing as a mortgage broker. He was living the good life until it all came to an abrupt stop. He lost everything thanks to the real estate crash. We dive deep into his ethos and learn what it took for him to start over and become the powerhouse businessman he is today. His company Pathway Financial leverages their relationships and knowledge of the finance industry to create solutions that help fund small businesses that banks turn away. Pathway Financial is a nationwide company that specializes in helping all small business owners succeed. Listening to Bill's story will inspire you to never give up and work hard towards your dreams. This is one of those episodes where you'll catch yourself coming back to time and time again. "Run the play. He gave you exactly what to do, in a nutshell. You want to learn more--you know who to connect with but there are at least two plays that everyone should be able to run on this call just from what we talked about today. So thank you (Bill Jennings) on behalf of everyone." - Keitoh on his thoughts on this episode Follow Bill Jennings on Facebook and Instagram: @BillJennings To learn more, visit: www.pathwayfinancial.org --- Through Quest Education, Daniel Blue and Keitoh Spears have helped people all over the country accomplish their financial goals. Do you want to learn how to: Make money tax free? Access your 401k/IRA penalty and tax free? Get funding to start a business? Pay off your debt? Follow Daniel on Instagram:@danielblue__ Follow Keitoh on Instagram: @highkeii Visit Quest Education at: www.yourquest.com
It can take a lot of ‘no’s before you can get your first ‘yes’. Brian Adams is someone who is well aware of this, and in this episode, he shares with us some valuable insight on how you can get that ‘yes’ faster by perfecting your pitch—plus how you can keep those investors once you gain their trust. Brian Adams is a recovering attorney from a family office background with vast experience in law, real estate, and private equity. Today, he is the president founder of Excelsior Capital, a Nashville-based real estate private equity sponsor that focuses on undervalued assets in secondary markets. With the knowledge and experience he has amassed in the industry, Brian is one of the best people to offer advice on how you can get into the real estate or private equity business without making the same mistakes he did. In this informative interview, we talk about how you can build your as you’re trying to start your business with OPM (Other People’s Money). Despite receiving a lot of ‘no’s at the start of his career, Brian has learned the best strategy to perfect your pitch with an empathetic standpoint, and he shares just how you can do this yourself to finally get that highly coveted ‘yes’. Besides that, we also talk about how he maintains good communication with his investors (and how he messed that up as well), which can help you gain their trust and create a stronger relationship outside of that particular deal. KEY TAKEAWAYS 1. Pitch first to the people who are the most unlikely to give you money, then ask for honest criticism; work on your pitch before you pitch to your best prospects. 2. Find out what people’s problems are, then pitch what you can do to solve them. 3. No one cares about your resume; stop telling potential investors where you went to college, they don’t care. 4. One of the biggest mistakes you can make is not having an internal controller. 5. To establish good relationships with your investors, you need trust, communication, and transparency. LINKS https://www.excelsiorgp.com/brian-adams/ https://www.linkedin.com/in/brian-c-adams
On this episode we discussed Creative Financing. The goal of creative financing is generally to purchase, or finance a property, your educational expenses or whatever the case may be using as little of his own money as possible, otherwise known as leveraging, OPM (Other People's Money). It can even be leveraged as a means to secure the funds for educational purposes as a pose to securing funds via traditional methods. This allows you to get better rates or even alleviate interest rates entirely. But it does come at a cost (outside of having a good credit score/history, solid income to debt ration, track record of payment history etc the preliminary requirements) you MUST be reliable, trustworthy, dependable, have developed personal rapport with the other party involved and have a track record of a high level of Integrity. In addition it comes down to honesty and consistency of character if you lack in any of this then it's not an option for you. This is an option that potentially could save you money. Essentially this episode is life hacks to get you thinking outside the box. KEY TAKEAWAYS: Conventional Methods: Personal Loans, Auto Loans (Car Notes), Mortgages, Student Loans etc. Creative Methods: Shared Secure Loan, Loans from family/friends and paying them back, leveraging an individual with a strong financial record to Co-Sign on your behalf, Cash-Out Refinance, Home Equity Line Of Credit etc. Follow us on Instagram and Twitter @loampod Steph: Instagram @misterbottles and Twitter @GEDSuccessStory Fonz: Instagram @fonz_onamission27 and Twitter @onamission_27 DISCLAIMER Fonz & Steph are NOT certified financial advisors, nor lawyers, nor economists, nor CPA's. We are two certified IT professionals that take ownership of the task of being financially competent for ourselves and our last name. The contents on this podcast are for informational and entertainment purposes only and does not constitute financial, accounting, or legal advice.
Don't miss an episode, subscribe for free on your favorite podcast app. I love hearing from you. Send questions and comments to allen@steedtalker.com Edna Keep Real Estate Investment & Mindset Transformation Coach Today Dr. Allen chats With Edna Keep, a Real Estate Millionaire, Coach, and Author of Multiple Ways to Wealth. Her passion is helping real estate investors around the world, make millions while investing in real estate. They own over 600 doors valued at $65 Million of Real Estate started with single-family homes to now primarily buy multi-family and do some development projects with OPM (Other People's Money). Edna has established a 5 step process from $0 to $5k in 90 days. This is popular for people who already own a few doors, want to expand their portfolio but have run out of their own money and or their own ability to qualify for mortgages. She advises that thinking big, mastering your mindset, and understanding your value in the deal are the key to success. In today's chat, listen to Edna's inspiring journey from a single mother at 16 to a successful real estate investor and coach. She inspires us, how to grow from scratch and find r financial freedom. 3 Key Points from the episode: You can buy property without your own money. Theoretical knowledge is of no use if you don't take actions Think big to earn big. Connect with Edna: www.ednakeep.com edna@ednakeep.com 306-536-6266 -=-=-=-=-=-=-=-=-=-=-=-=-=-=Steed Talker =-=-=-=-=-=-=-=-=-=-=-=-=-=- Send me your questions and comments: Allen@SteedTalker.com Passionate about the work you love but have little time to develop a passive investment portfolio to secure your future? Want to live more abundantly in ALL areas of life? Schedule a FREE 30-minute strategy session. -=-=-=-=-=-=-=-=-=-=-=-=-=-=Steed Talker =-=-=-=-=-=-=-=-=-=-=-=-=-=- Request to appear on our podcast. Learn how you can passively put your hard-earned money to work for you through multifamily syndication: Steed Talker Capital -=-=-=-=-=-=-=-=-=-=-=-=-=-=Steed Talker =-=-=-=-=-=-=-=-=-=-=-=-=-=- Don't miss any episodes, subscribe for free on your favorite podcast app. I love hearing from you. Send questions and comments to allen@steedtalker.com
Maino Presents Kitchen Talk with Georgie, Hala, and Ricky. This week's special guest is PTG-365 Timeline 00:01:10 - Hala is Back 00:02:10 - Georgie shout out the history 00:04:10 - PTG Into 00:12:10 - the start of PTG 00:17:10 - Alexis Sky Issue You are The Father 00:29:10 - “you can still hit” 00:37:10 - Take a nigga bitch BK Brasco 00:43:00 - Taking dudes girl 00:46:10 - the work of PTG 00:53:10 - The Forbes moment 00:54:10 - Motivation 00:56:10 - PTG Academy 01:01:10 - PTG Show (Snapchat Driven) 01:02:40 - The PTG experience 01:04:10 - Mulatto Talk vantage vs Ferrari 01:12:10 - The importance of credit 01:19:10 - OPM Other People's Money
Maino Presents Kitchen Talk with Georgie, Hala, and Ricky. This week's special guest is PTG-365 Timeline 00:01:10 - Hala is Back 00:02:10 - Georgie shout out the history 00:04:10 - PTG Into 00:12:10 - the start of PTG 00:17:10 - Alexis Sky Issue You are The Father 00:29:10 - “you can still hit” 00:37:10 - Take a nigga bitch BK Brasco 00:43:00 - Taking dudes girl 00:46:10 - the work of PTG 00:53:10 - The Forbes moment 00:54:10 - Motivation 00:56:10 - PTG Academy 01:01:10 - PTG Show (Snapchat Driven) 01:02:40 - The PTG experience 01:04:10 - Mulatto Talk vantage vs Ferrari 01:12:10 - The importance of credit 01:19:10 - OPM Other People's Money
https://www.linkedin.com/in/homebusinesssuccess/ (Daniel St-Jean) was born and raised in Montreal. Still, he has also lived in Whitehorse Yukon Territory, Vancouver BC, Ottawa, and now home is in Niagara-on-the-Lake, Ontario. He is an entrepreneur to the core, and the last time he received a paycheck as an employee was in 1986. Over the 34 years since, he has owned several businesses, including an art gallery and framing shop and a publishing company. As well, he wrote and published two Canadian bestsellers. He started investing in real estate in 2010 with his wife Laurel because they needed a source of income that was not tied to them living in Ottawa, where they were working as consultants. They wanted to move to Ontario’s wine region, so Laurel could pursue a life-long dream of becoming a winemaker. It took them only four years to be in a position to kiss Ottawa goodbye and move to Niagara-on-the-Lake. In their 11 years in the real estate investing business, they have acquired 62 properties worth over $25 million. The fantastic part is that to date; they are yet to invest one dollar in that portfolio—100% financed with OPM–Other People’s Money. How to do that is one of the many things they teach the members ofhttps://thereiteclub.com/ ( The REITE Club) that they co-founded in March 2017. “We are now following our investing system to the letter, no exception for any reason whatsoever. Now we’re successful.” Daniel St-Jean Worst investment everDaniel and his wife kicked off their real estate investing career with thehttps://myworstinvestmentever.com/ep170-andy-hill-avoid-the-trap-of-homeownership-and-build-a-realistic-budget/https:/myworstinvestmentever.com/ep170-andy-hill-avoid-the-trap-of-homeownership-and-build-a-realistic-budget/ ( rent-to-own strategy). They built on it slowly and got some real success out of it. In 2012, they went to Nova Scotia to expand their market. They found some cool people who wanted to do a rent-to-own deal, and they decided to get into business with them. Breaking their own rulesDaniel and his wife had a couple of rules that they followed when looking for property to invest in. One was to pick a house that they could quickly sell should the people renting it walk away. The second rule was always to take a deposit. However, they broke these two crucial real estate investing rules. Facing the consequencesAfter two months of renting the house, the people moved out unbeknownst to Daniel and his wife. They were now stuck with a house in the middle of nowhere with snowbanks so high. It wasn’t the easiest house to sell, but they managed to, albeit making a loss of $25,000. Putting in place a reliable investing systemAfter that loss, Daniel spent the next three or four months, setting up an investing system. This system had about 52 points, and this was the system he would always stick to when making investment decisions. Breaking the rules againIn the Fall of 2013, Daniel did a refinancing deal with a family that he felt needed his help. He didn’t like the house much, and he also didn’t take a deposit, but he went ahead and bought the house because he wanted to help this lovely family. The family, however, panicked and moved out just as the purchase was being closed. Now Daniel had this rundown empty massive house in a little town outside of Ottawa. The empty house cost Daniel $2,500 every month to maintain. Finding the elusive buyerIn the Spring of 2014, someone approached Daniel and told him that he’d want to rent the house and turn it into a daycare. He would be paying $4,500 in rent. Daniel got excited about the prospect of finally making some money from this property. However, after a year of waiting for the guy to get approval for his daycare, they found out that the water supply on that side of the street was insufficient for them to run a daycare, and so the client slowly walked away. Finally, Daniel could rent it out to a tenant paying $2,500 just enough to
Robert Kiyosaki (Rich Dad Poor Dad) always talks about the importance of being able to leverage OPM (Other People's Money). In this episode of Lazy Money Machine, we unpack Erik's development projects and how he's sourcing external finance. Erik walks us through his latest building project in Indonesia and shares advice on how he markets these projects to prospective investors. What are the challenges in raising OPM? Why is raising OPM an important skill and often the gap between an amateur and a professional investor?
Gary chats in this episode with Alex Kouramanis. Gary and Alex discussed his first property, which was BRRRR (Buy, Renovate, Rent, Refinance, Repeat) and parlayed that into many more properties, and has become a big property wholesaler. He also has launched an online learning platform to teach others his strategies. Alex also talks about how people, who lack credit and $$$ can get into real estate investing! What you'll learn: * Why you should work hard, but also play hard * Why downtime can lead investors, and everyone in fact to clarity and allow you to refocus * Why Alex read “Rich Dad, Poor Dad” and what came of it * How mindset and manifesting really work * Why education before investing is essential * How our upbringing plays into our beliefs and how to overcome those * What was his timeline from working on mindset to buying his first property * Why relatives with equity in their homes may be able to help (OPM - Other People’s Money) * Why joint ventures partners are useful and sometimes necessary * How marketing can help you sources properties to buy * Why the ‘ugly duckling’ properties is a great strategy for new properties * Why contracts and proposals are important * Which clauses are important for purchasing * Why deposits are different for private sales, and who holds the deposit * Why you should copy your investment approach from successful investors * Why you SHOULD understand the entire process from purchasing to flipping before buying a property, and gives you leverage for negotiation and allows you to appreciate how much $$$ it will take * Why having a mentor is important, but some things you have to learn on your own! * What was Alex’s worst experience * What is BRRRR and why it’s a great strategy * What is property wholesaling * And MORE! Alex’s Bio 7 years ago, Alex was a bartender with a Philosophy degree and zero experience in business or real estate. He purchased his first BRRRR property in 2013, where he spent two years renovating, reading and networking. After selling his first property, Alex used the profit to purchase one buy and hold property and one flip. Today, Alex has 13 units and is a fulltime wholesaler and multifamily investor with over 20 deals under his belt. He also has online courses in real estate investment, negotiation and personal finance, on the Skillshare and Udemy platforms. When not thinking about real estate, Alex loves skateboarding. Contact Alex Insta: @treetop_residential Web: https://www.treetopbuyer.com/ Online courses: https://www.skillshare.com/classes/Sophisticated-Real-Estate-Investing-The-Core-Strategies-Tools-Mindset/2140126332?via=search-layout-grid Please a leave a review, as it helps Gary understand if he’s bringing on the right guests that you want to hear from! Interested in learning more about Real Estate Investing? Visit https://www.smarthomechoice.ca
What does it take to raise OPM “Other People’s Money” in order to acquire larger real estate deals than you’d ordinarily be able to do by yourself? Should you be thinking about raising OPM in order to take your investing business to the Next Level? According to my guest today, it takes a certain type of person to thrive in syndicating and 40% of the people he’s seen do their first syndication deal never do it again. That’s why he wrote a book about Syndication and its pitfalls called “Syndicating is a BI#@H: And Other Truths You Haven’t Been Told”. And today Bruce Petersen is here to discuss these truths and help you figure out if syndication is a road you want to travel. Bruce built his Apt-Guy empire and wealth by syndicating over 1,100 units in real estate, and today he’s going to share his secrets to success. We’ll be discussing the importance of having a mentor or coach, how he raised money for his first syndication without having a track record, and the many challenges and surprises he encountered while syndicating. Bruce also has some great stories about the dead guy in the pool, failing bathtubs, the uncomfortable conversations he’s had to have with investors, and the $5 Million dollar wire that disappeared and what really happened to it. I know you’re going to get a lot of great syndication knowledge from today’s conversation. You can contact Bruce by going to www.apt-guy.com or on Instagram at apt.guy.com or facebook at “the apt guy”.
My guest today is an ex - US coast guard turned entrepreneur/investor and podcaster.He has raised money multiple times to buy and sell property. Currently based in Hawaii, Patrick runs a digital marketing agency and is working on his podcast.In this episode he shares how he raised money time and time again and what he thinks are the secrets to fundraising.If you enjoy the show please subscribe and share
Kyle Duelund talks about his success habits and the differences in real estate investing in Canada and the USA. Kyle is the COO of Wemindji Properties, Inc. and STR Properties Inc. and J/K's Real Estate Partners. While still enrolled in full-time university studies, Kyle became financially free – that is at the age of 27 by investing in real estate. Kyle’s ability to understand, implement, and teach systems from his formal teacher training translates directly to his effectiveness in real estate investing. Like a great chess match, Kyle enjoys the thrill and strategy of finding properties that fit strict investment criteria as well as tracking economic trends in both the local and global markets. Kyle was recently admitted into the Secret Knock and CEO Space International family, is a founder of S.T.R. Properties Inc. and believes in learning from mentors – people who have “been there and done that”; learning from OPM (Other People’s Mistakes). Passionate about education, real estate, and mathematics, Kyle continuously strives to empower those with the courage and dedication to make this world - the only one we have - a better one for all. 3 Pillars 1. Janie, my significant other 2. Real estate 3. The people Book: Think and Grow Rich by Napoleon Hill, The 4-Hour Workweek by Tim Ferriss, MONEY Master the Game by Tony Robbins, and J/K's Roadmap to YOUR 1st Million! by Kyle Duelund and Janie Grenier You can connect with Kyle at: Wemindji Properties, Inc. Website: www.wemindji-properties.com J/K's Real Estate Partners Website: www.nowfortomorrow.club Facebook: www.facebook.com/nowfortomorrowclub Instagram: @nowfortomorrowclub You can get his free e-book at www.nowfortomorrow.club/ebook Interested in coaching? Schedule a call with Todd at www.coachwithdex.com Connect with Pillars Of Wealth Creation on Facebook: www.facebook.com/PillarsofWealthCreation/ Subscribe to our email list at www.pillarsofwealthcreation.com Subscribe to our YouTube channel: www.youtube.com/c/PillarsOfWealthCreation
No track record to get started and close your first (or even larger) deals? No problem! You've probably already heard about using OPM (Other People's Money) to fund deals. However, have you heard that you can also use OPC (Other People's Credibility) to get started? Dan Stanford, founder Multifamily Investor Nation, shares his top strategies to closing on real estate deals. Learn how you can use co-GP (General Partnership) to leverage other people's experience and credibility to close your deals!
Today we have Andrew Wilkinson (@awilkinson) of Tiny. Tiny is a holding company started by Andrew that buys “wonderful internet businesses” with the intention of holding them forever (akin to Berkshire Hathaway). Altogether, Tiny’s businesses do high 8-figures in revenue and employ close to 400 people across 20 companies. If you want to know more about his background, Andrew was interviewed on our podcast so give Episode #63 a listen. Today he answers: How do you find CEO's that you can trust, You've mentioned Warren Buffet a lot, any other leaders you look up to?, Is “company building” a repeatable process? What % of it can be automated?, Can you recommend your favorite business books?, What is your biggest failure and what did you learn from it?, What is a core attribute you look for when you hire somebody?, How do you make connections with other entrepreneurs while residing in a non-startup centric city?, How much of your investments are made up of personal capital vs. OPM (Other People’s Money)?, During your time at MetaLab, what was the best way to acquire clients?, Are you taking Buffett's advice and reading 500 pages a day?, As a person, how have you evolved over the years?, How do you start a fund with money made from an agency?, What's the required mindset shift from running one business to delegating a team to run multiple?, If you internalize one principal into your kids, what would it be?, When you built your house, what are some things that could have made the frustrations easier?, Can I skip building an agency and go straight into investing? and What's the worst & best advice you get from people who tell you how to become successful?. See acast.com/privacy for privacy and opt-out information.
Real estate investing is a hot topic right now for many people who are looking to build wealth Unfortunately many of us let obstacles stop us from even trying: Lack of knowledge, fear of using credit, fear of losing money and more stop us. In this investing strategy-filled episode with Doug Depte, you’ll learn how to break out of all of those obstacles. In fact, you’ll learn how to use these obstacles (credit, knowledge, and relationships to make even more deals. Doug breaks down the strategy he used for his first few deals and how he hacked that strategy to make even more money throughout the process. If you’ve read through all of the real estate investing posts and need new strategies or are a newbie real estate investor looking for a different way to get started, this episode has plenty to offer you. Here’s What You MissedHow do you get started in real estate in 30-60 days?Saving up for first dealShould I leave my job for real estate?Newbie real estate investor mistakes to avoidAnalyzing deals-How do you do that?Where do I find deals?Hacking real estate financing with creditHow to make money in real estate with other people’s moneyMaking profit on the front end and the back end of the real estate dealIs now a good time to buy real estate?Important Podcast Moments[1:18] Origin Stories: Doug’s journey from kid who loved real estate open houses to a man making millions managing them [2:40] Why real estate? [9:05] Balancing a full-time job and real estate [11:00] Getting started in real estate [13:16] How do I get the money for a real estate deal? [14:43] What mistakes should I avoid as a first-time investor? [16:36] How do you analyze a deal? [18:52] How do I find real estate deals? [26:27] Real estate investing strategies using credit & OPM (Other People’s Money) [39:53] Why now is the best to invest in real estate- and how to do it [41:37] Setting your rent limitsImportant Links to Check OutThe Richest Man in Babylon Rich Dad, Poor Dad Zillow Redfin The Automatic Millionaire Guest BioDoug Depte is a former worker in the finance industry who became a real estate investor during his lunch break and downtime at work. Currently, he is the owner of FLD Properties who also teaches advanced real estate investing strategies. Doug Depute’s website Doug Depte on YouTube Doug Depte on Instagram Doug Depte on TwitterChecking In With #DreamNationLike what you’re hearing? Have a comment or feedback that you want to share? Need to find an earlier episode? Dream Nation on Apple Podcasts Dream Nation podcast website Dream Nation Facebook groupCatch your host on Instagram (@casanova_brooks).
What are the top strategies that new real estate investors should look into this new decade: Flipping? Rental properties? Apartments? Wholesaling? Or creative strategies like Owner Financing? Subject-to? or maybe even a tenant buyer strategy or two? On today's episode, not only will we take a deep dive into each of these strategies but we'll discuss what's working in 2020 and how to select a vehicle based on your goals, experience, resources and timeline. This is a fun filled jam packed episode that is going to expand your thinking when it comes to risk and no money down strategies in real estate as well as serving sellers and buyers as an investor while still making massive profits. Key Points From This Episode: What the Motivated Seller Method (MSM) is and how to implement it today How to profitably overpay for properties How to get a deal done with any seller in any market Massive profit exit strategies for your investments The idea of serving How Daray navigated through these strategies in the past 4 years Another way to use OPM (Other People's Money) How to structure 3 large paydays for every deal Cash Flow vs. Lump Sum Cash and how to get both simultaneously Links Mentioned in Today’s Episode: Motivated Seller Method (MSM) (beforethemillions.com/msm)
Target Market Insights: Multifamily Real Estate Marketing Tips
Monick Halm’s Haitian parents taught her to get a good job as either a doctor, lawyer, professor or engineer. She chose law and it wasn’t until she went to purchase her own home in Los Angeles that she started learning about real estate investing. She ended up house-hacking with a friend and realized the advantages to creating passive income. Then she met a mentor who introduced her to apartment syndication, acquiring over 1,000 units in 1 year! However, she realized there weren’t many women investors, so she made it her mission to educate women about real estate investing. She started an online community, a podcast and authored a book targeted to women investors. Monick joined us to share why everyone benefits women need to be rich. She also shares about the criteria of a good market, the market cycle, choosing the right team and leveraging other people’s money. Key Market Insights: Real estate investor, syndicator and developer Host of Real Estate Investor Goddesses Founder of Real Estate Investor Goddesses online community Former lawyer who realized that she needed a home Bought a duplex, and became an accidental landlord Mentored by Robert Helms, and was introduced to leveraging OPM (Other People’s Money) Attended a syndication seminar, and end up acquiring over a thousand units within a year Key Differences between Women and Men Investors: Men are confident, treat money as a game; Women are more cautious, take measured risks Women tend to be more successful investors and are more concerned with what their money will do and how it will help others Passion project - educate one million women investors Successfully hosted her first 3-day conference, Wealth Through Real Estate, geared towards new women investors 7 Criteria of a Good Market: Landlord and business-friendly; Low to medium housing cost; High job and population growth; Diversified local economies; Right submarket; Right market cycle; Familiarity The Market Cycle: Rising, Booming, Downturning, and Stabilized Investor Tip: People first approach before the number. Build the right team. 3 C’s in Choosing the Right Team: Character (high integrity), Commitment (long-term relationship), Capacity (skills) Established a brand, and started educating women about real estate Bull’s Eye Round: Winning Women Investors: Be authentic. Focus on how it will benefit others. Tracking Market Changes: Set up Google alert on real estate investing. Daily Habit: The Miracle Morning - SAVERS (Silence, Affirmations, Visualization, Exercise, Reading, and Scribing) Resources: Real Estate Guys Podcast The Real Estate Investor Goddess Handbook Book Recommendation: Smarter Faster Better by Charles Duhigg Digital Resources: Facebook Tweet This: "Live where you want. Invest where it makes sense." "Empowering women with money means empowering everyone." Places to Grab a Bite: Leo’s Tacos Truck Connect with Monick: Website: https://www.realestateinvestorgoddesses.com/ Facebook: https://www.facebook.com/RealEstateInvestorGoddesses/ Twitter: @monickpaulhalm
In this episode, Brian shares the story behind how he bought his first house using (OPM) other people's money. He also shares the top 2 reasons why OPM is THE BEST way to take down deals. ------------------------------------------------------------------ Want to build passive income but confused about where to start? Click the link below to book a FREE 45 minute strategy call with me. https://brian-ellwood.mykajabi.com/freestrategycall On the call we'll layout your goals, what holds you back, and develop a clear action plan on exactly what you need to do next. Book your call now, slots fill up fast! Click here to book your free 45 minute Strategy Call with Brian: https://brian-ellwood.mykajabi.com/freestrategycall
Edna Keep went from being a single Mom at age 16 – living in subsidized housing with daughter in subsidized daycare to multi-millionaire Real Estate Entrepreneur and Coach. Her major operations are long term buy and hold rental apartment buildings and Her claim to fame is she has purchased $60M of Real Estate with Other people’s money. In 2010 – 3 years after she started she was inducted into Robert Kiyosaki’s Hall of Fame for the actions and success she had utilizing the strategies she learned through the training. She comes from Meadow Lake in canada and now lives just outside Regina with her husband Warren and daughters Desiree (16) and Dhani (14). On this episode of Real Estate Investing for Women here's what we discussed: - How can leverage other people's time, money and knowledge to build real estate wealth. - Create a 5 year plan versus the traditional 40 year plan. - How to raise Investor Capital. Learn more about Edna by going to: www.ednakeep.com Follow Edna at: www.facebook.com/coachednakeep Twitter @ednakeep http://ca.linkedin.com/in/ednakeep To get your free gift from Edna go to: https://training.ednakeep.com
Visit http://preeminence.tv to get your free Ultimate Guide to PreeminenceEric Thomas says it best, "You will never be the best copycat."Especially when it comes to OPM - Other People's Marketing.There is a veil between you and the results of other people’s marketing. We can see the front end, we can opt in, go through their funnel, even buy their product or service and one thing we have to always keep in mind is that anything we copy may or may not work for that individual.If they share how many sales or opt-ins they are getting, remember they are marketers sharing the numbers that will make themselves look the best they can. They may have made those opt-ins or sales despite that marketing strategy they are showing you, not because of it. You have to know they are telling the truth and that they are sharing the numbers accurately and completely.As a matter of fact, we are copying history.Join Matthew for Episode 30 where he covers how to have an innovative marketing strategy that connects with YOUR prospects and tribe the way they want to be communicated with.If you have questions you would like to have answered, email me at m@asynd.net and share your question, I may mention it in an upcoming episode.Looking to become the authoritative, preeminent voice in your space? Get your free Ultimate Guide to Preeminence at http://preeminence.tv
The business of trading is going to AI and more algorithms in the hands of new traders and retail investors. If you are trying to figure out what headlines are going to drive prices, you're a better person than me. I would rely on computers to do that Bill Dunn, a 100% purely systematic trader since the early 70s, has been incorporating all the data he can find and incorporates that into his model. Since 1974, he has taken only 1 discretionary "trade" and that was in advance of December 31, 1999 or the Y2K issue. The trade was to go flat and offset all his positions since he had no historical information to base his decisions on - including existing positions. This trade was taken to protect his clients' funds. Other than that, he has only traded system generated orders for over 40 years. If you are trying to raise capital, you'll have to have a good answer for prospective clients as to why you think you can shoot from the hip and make clients money as a discretionary chart reader In that regard, you are the share price and security. What information does the potential / allocator have based upon your behavior around security selection and trade management that will give them enough confidence in you to give you an allocation. You'll make more money by managing OPM - Other People's Money and taking an Incentive Fee. Ray Dalio feels that you should learn to code regardless of the industry that you're in else you'll be replaced by a computer. The computer can make the decisions faster, without emotion, and without error. Ray makes his decision in parallel with the computer and it provides "check and balances" between his thinking and what the calculations can show. He also won't leave out a key piece of data.
[TweetThis] Some the most successful businesses in the world are masters at borrowing OPM - Other People's Money. Are you? @TyCrandall #NewClassRising Did you know that some of the most successful business in the world are excellent in borrowing OPM - Other People’s Money? Did you know that of the thousands of inventory products that Wal-Mart, one of the top retailers in the world, has in stock, 80% of those products were paid for by Wal-Mart with borrowed money that enabled Wal-Mart to grow and scale it’s business to the titan it is today? I didn’t either! But, today’s guest on the show shares why, if you do it responsibly, borrowing money could be one of the best things you can do to grow and scale your business. Liked this Episode? Tell me on twitter @Hector_Avellan with #NCR113
Boss Free Society Podcast | Entrepreneur Mindset, Skills and Tools Hacks
Roberto C. Candelaria, author of the Amazon #1 bestselling book, Relationships Raise Money: A Guide to Corporate Sponsorship and creator of the definitive fundraising guide, Cash for Your Cause: How to Raise Five Figures in 30 Days, is President of Human Returns, a boutique consulting firm helping organizations across the globe accomplish their mission. A long-‐time non-‐profit veteran, Roberto learned the non-profit and corporate sponsorship world from the ground up. After seeing first hand the impact a well-‐run organization can have on the community, Roberto dedicated his life to teaching organizations profitability, growth, and long-‐term sustainability. An inspiring leader and in-‐demand speaker, trainer and coach, Roberto has helped hundreds of leaders and organizations more effectively raise funds and execute their mission. Roberto's products and presentations on: corporate sponsorship, online fundraising, board development & governance, and event planning & management, have made him renowned, innovative expert. As one client recently said, "If you follow his plan, success is inevitable." Roberto has secured sponsorships for Authors, Entrepreneurs, Fitness Professionals, Speakers, Musicians, Non-Profits and more ... He has created an all-new live event, Sponsorship Boot Camp, to help YOU! In this Episode: Find out why Roberto is such a die-hard Disney fanThe differences between DisneyLand vs. DisneyWorld (hear Roberto's secret on both)How on the job training prepares you for the next step Ask yourself - what's more important the Dream or My Ego? Work on your business - not in your businessMake your dreams come true using OPM (Other People's $$$)How a choir trip to Disney in high school prepared Roberto for the future on how you can help your son or daughter can raise money for their club without doing the played out bake sales and car washes!The power of work ethic You can do anything....why not dream bigger??? Get the goods on what sponsorship really is (and what it isn't)Why Roberto's gut always leads him to say 'Yes'! Learn the key component that will help you in your sponsorship effortsWe have all heard the quote, "It is not about the quantity, it is about the quality." Learn why! Decide and believe you are worth it! Resources: Big Dreams Take Small Sacrifices - Book Wealthy Sisters Network Debbie Saviano - Social Media Strategist Sponsorship Boot Camp - Roberto's Boot Camp - Patty and Tim will be there - Will YOU??? @RobertoTeaches - Roberto's TwitterHandicap This! - Tim's business with his friend, Mike Berkson living with cerebral palsy Want more Boss Free Society?Join Us at Boss Free SocietyJoin us at the Boss Free Society DojoJoin us on TwitterSUBSCRIBE: Never miss an episode by using one of the options below:Click Here to Subscribe via iTunes• Click Here to Subscribe via Stitcher• Click Here to Subscribe via RSS FeedBIG BIG FAVOR ::Would you leave us a quick review on ITunes?It helps the show tremendously and we would appreciate it greatly. Tim and Patty will be so grateful to you (plus it comes with a shout out on air) #winning
Here's What You'll Learn: How to invest in Canadian real estate using OPM (Other People's Money) How to attract MONEY for your Canadian real estate investments What you need to look for in a potential Joint Venture Parter How to set up your Joint Venture Agreement What "The Ultimate Wealth Strategy" is and how you can utilize it How to make a 100%+ Return on Investment right here in Canada The ins and outs of renovating investment properties Why he doesn't get out of bed for less than a 30% return on investment and how you can set yourself up to do the same And much, much more! Andrew Brennan is a multiple award winning investor, skilled renovator and real estate investor educator. He has offered his experience to others through seminars, coaching, television, radio, public appearances and in real estate magazines. Andrew owns a large real estate portfolio in the Barrie Ontario area. He specializes in working with joint venture partners to offer hands off investment opportunities and is the author of The Ultimate Wealth Strategy: Your Complete Guide to Buying, Fixing, Refinancing, and Renting Real Estate. You can learn more about Andrew and his investment opportunities at www.bpirealestate.ca Go write us a review here and get entered into our contest to win this prize
Here’s What You’ll Learn: How to invest in Canadian real estate using OPM (Other People’s Money) How to attract MONEY for your Canadian real estate investments What you need to look for in a potential Joint Venture Parter How to set up your Joint Venture Agreement What “The Ultimate Wealth Strategy” is and how you can […] The post Episode 11: Joint Venture Real Estate Investments with Andrew Brennan appeared first on Breakthrough Real Estate Investing Podcast.