Income that requires little to no effort to earn and maintain
To access a FREE collection of resources, go to www.TheMaverickVault.com Whether you're a seasoned investor or a newcomer to the field, understanding the intricacies of the market and mastering the art of investor relations is crucial. Join us with Robby Butler as he tackles the critical realm of investor relations, decoding what you should expect and why it matters. Key Takeaways From This Episode Important things you should learn before investing in real estate Expert insights you should know about investor relations Tips for maintaining investor relationships and evaluating investment opportunities Why it's important to have a vision of what your future looks like References/Links Mentioned The Catcher in the Rye by J. D. Salinger | Kindle, Paperback, and Hardcover About Robby Butler Robby Butler uses real assets to advise investors on strategies to grow and preserve their wealth through the world of real estate investment. Robbys' 2022 performance includes 2 successful apartment repositions and 1 purchase-reposition-and-sale in a slowing market. Investment collaboration, financial modeling and stewardship, budget coordination, construction management, and investor relations are all skills unique to him. Connect with Robby Website: Y Street Capital Podcast: Wealth Renegade LinkedIn: Robby Butler Are you a passive real estate investor seeking financial freedom? Almost daily, new headlines break on the latest financial market upset. Now is the time to get educated on how to strategically invest in commercial real estate for long-term financial freedom. Grab your copy of “How to Passively Invest in a Changing Economic Environment” Go to…www.MavericksInvest.com Want to keep up to date on the commercial real estate market, trends, investing tips and know what Neil is buying right now? Connect with him at https://AgentOptional.com, and be sure to register for his newsletter. Connect with Neil Timmins on LinkedIn. If there is a topic you want to know more about or a guest that you would like to see on the show, shoot Neil a message on LinkedIn. About Neil Timmins Neil is a commercial real estate syndicator, published author, and podcast host. Neil's entry point into the Real Estate industry came after a few short years in banking. Recognized by the Wall Street Journal as a Top 100 team and the #1 REMAX agent in Iowa by the age of 29, Neil had solidified his role as a force in the industry. Having completed hundreds of Fix & Flips, Wholesales, Wholetails, Novations, and Owner-Financed deals, Neil longed to quit forfeiting time for dollars. After building a portfolio of single-family rentals to produce passive income, he found the strategy to be anything but passive. Neil, however, didn't go looking for his first commercial deal, he actually stumbled into it. Since then, he has refined the process of analyzing and buying commercial properties that produce stellar cash flow. Neil has been involved in over $300,000,000 in real estate transactions. While his holdings in commercial asset classes include apartments, offices, mobile home parks, and self-storage units, his passion is industrial property. Neil now has verticals in residential real estate, multiple commercial asset classes, brokerage, publishing, and this successful podcast. Neil and his wife, Emily, are the proud parents of three active teenagers. Those who know Neil say he is a competitor by nature, whether for the biggest fish on a deep-sea fishing trip, the best ribs at a barbeque, or playing football back in his day at his alma mater, the University of Nebraska at Omaha as a Maverick. Neil is always up for travel, spending time on the water, and of course, meeting people interested in learning about and investing in commercial properties. Click here to see video of the podcast.
Hi everyone, welcome back to another podcast episode! Can you believe we are already into December? We certainly feel like 2023 has flown by and are so excited to wrap up the year with a bang and see what exciting 2024 has in store for us at WIIRE!Ready to make 2024 your year of monumental growth? Join us for a game-changing free webinar: 5 Systems and Processes to SCALE on January 7th and 11th, 2024. Discover the keys to focus, flow, increased profits, and FUN in your real estate investing journey. Secure your seat now – let's scale together!This week on the podcast, we‘re sharing our best tips for organizing your business and preparing for 2024! Organization is something we all have struggled with, especially when you are first starting any business. There are so many systems and tools to choose from, and knowing what will and won't work for your REI business will only come through experience. In this episode, we are breaking down these major areas where we personally needed the most help, what we get asked most by investors first starting out, and by those who are looking to grow their business but keep hitting pause because they don't know how first to get their back-end systems and processes organized.We'll be chatting about…Creating your own ‘Playbook'Choosing a Property Management SoftwareOptimizing your Google DriveGetting your financials in order with BaselaneThat's all we have for you this week, friends. With 2023 coming to a close, we want to hear from YOU so email us, or send us a DM, and share with us what either your favorite episode was OR your favorite topic that we covered in 2023!See you next week, friends! Resources:Check out Baselane for your REI businessSecure your seats for our 5 Systems and Processes to SCALEGrab our free SOP TemplatesListen to the SOP mini-series with Jae Morales (Episode 57, Episode 58, Episode 59)Leave us a review on Apple PodcastsLeave us a review on SpotifyJoin our private Facebook CommunityConnect with us on Instagram
Facebook ads are a hotly debated topic amongst online business owners. When should you use them? Who should use them? Are they a magic bullet for business? Or just too complicated and a bit scary? There's a lot of contradictory information out there when it comes to selling with ads so I've brought in Facebook ad strategist, Danny Young to help set the record straight. What You'll Learn In This Episode: - Danny demystifies how Facebook ads work, we discuss what's going on in the market right now and why you might have seen costs rise. - How Facebook ads have evolved over the last few years and why we need to change the way we think about them because it's not just about reaching new audiences. - Which metrics are most useful to understand if your ad is moving you closer to your sales goals and how to use that data to keep optimising your ads. - The best time to use Facebook ads and why infrastructure is the first thing you need to think about when preparing to run ads. Resources - Find all of Danny's services at www.dannyyoungonline.com - Download my FREE Launch Strategy Guide - Visit the website https://thatstrategyco.com/ - Follow me on Instagram @lisajohnsonstrategist - Follow me on Facebook @lisajohnsonstrategist - Join the discussion at @thefabulous5percent - Subscribe to my YouTube channel
Want to take a look into an alternative model for investing in commercial real estate? In this episode, we're joined by Andy Sinclair, CEO and Principal of Midloch Investment Partners, to talk about their unique approach to investing in the Midwest market. Andy explains Midloch's strategy of partnering with local operators through joint ventures, co-GP positions, and preferred equity investments. Learn how they evaluate investment opportunities and vet potential operator partners, and how they find value-add opportunities. About Andy SinclairAndy Sinclair, CEO of Midloch Investment Partners, brings over 16 years of experience in commercial real estate. He focuses on Midwest investments, particularly in multifamily and industrial/warehouses through JV partnerships and preferred equity. Here are some power takeaways from today's conversation:[04:31] Andy's journey to becoming an operator [08:11] The difference between joint ventures, co-GP positions, and preferred equity investments[11:24] What is an anchor investor?[17:26] How LPs can benefit from Midloch[23:19] Midloch's contrarian approach in the smile states[39:44] Reacting to adversity: the true measure of an investorEpisode Highlights:[08:11] The Difference Between Joint Ventures, Co-Gp Positions, and Preferred Equity Investments Joint venture (JV) equity: Midloch brings capital to the deal and acts as the anchor investor/majority shareholder. As a real estate operator, they also provide resources to help the property perform better. Co-GP investments: Similar to a JV where Midloch owns the majority stake, but they maintain sole voting rights and control over major decisions like an operator would. Preferred equity: A hybrid investment that is not fully equity or debt. Investors get a preferential dividend like interest payments and a capped annual return, usually around 15%. They are senior to common equity in terms of risk. This fills the "gap financing" need between senior debt and common equity. [11:24] What is an Anchor Investor?An anchor investor is the majority shareholder in a real estate deal, usually owning anywhere from 51% to 95% of the total equity investment. As the anchor investor, they provide the bulk of the capital for the project/property and take on more risk than smaller investors. They have significant control and voting rights over major decisions since they have the largest financial stake in the outcome of the investment.[17:26] How LPs can Benefit from Midloch Diversification - As LPs in Midloch's funds, they get a small pro rata slice of each deal, providing a diversified portfolio across property types, markets, and investment structures. Better deal terms - As the anchor investor on deals, Midloch is able to negotiate better terms like lower management fees, preferred returns, and promote splits than operators could get on their own. These benefits pass to LPs. Resources and governance - Midloch brings additional resources to deals beyond just capital, like relationships, expertise, and oversight/governance. This helps reduce risk for LPs. Stable returns - Midloch aims to produce stable, lower-risk returns through value-add strategies rather than relying solely on appreciation or high-risk moves. This show is for entertainment purposes only. Nothing said on the show should be considered financial advice. Before making any decisions, consult a professional. This show is copyrighted by Passive Investing from Left Field and Left Field Investors. Written permissions must be granted before syndication or rebroadcasting.Resources Mentioned:Midloch Investment PartnersEmail: firstname.lastname@example.org Avoiding Rookie Errors as a Left Field Investor: 20 Lessons Learned From 14 Years of Passive Investing in Private Syndications by Steve SuhPodcast Recommendations:Motley Fool MoneyThe Walker WebcastAdvertising Partners:Left Field Investors - BECTribevestRise48Aspen FundsGSP REISpartan Investment GroupVyzer
Are you looking to enter the franchise industry? Discover the secrets to finding the perfect franchise fit. Learn how to navigate the franchise landscape based on your criteria and interests, but beware, one wrong move could leave you questioning everything.Join us on Average Joe Finances as our guest Patrick Elsner shares insights on the trends he's observed in franchise ownership over his 21-year career and gives advice to those thinking about getting into franchising. In this episode:Discover the latest franchising trends and opportunities to stay ahead of the game.Explore the benefits of semi-absentee franchise ownership for a more flexible lifestyle.Uncover the thriving home services and health and wellness franchise categories.Implement a criteria-based approach to find the perfect franchise that aligns with your goals.And so much more!Key Moments:00:00:28 - Patrick's Background00:01:21 - Trends in Franchising00:02:49 - Popular Franchise Categories00:09:16 - Finding the Right Franchise00:15:02 - The Importance of Success in Franchising00:16:00 - Top Franchises in Today's Market00:17:32 - Qualities of a Successful Operator00:20:08 - Work and Luck in Franchising00:22:18 - Mitigating Risks in Franchising00:30:11 - Mistakes in Financial Investments00:31:11 - Importance of Surrounding Yourself with the Right People00:33:26 - Reverse Engineering Your GoalsFind Patrick Elsner on:Website: https://www.franinside.comEmail: email@example.comLinkedIn:https://www.linkedin.com/in/patrickelsnerfranchiseinsider/Youtube: https://www.youtube.com/channel/UCLj00KD0UTb27LmIbY4EGDgAverage Joe Finances®All of our social media links and more: https://averagejoefinances.com/linksAbout Mike: https://mikecavaggioni.comShow Notes add-on continued here: https://averagejoefinances.com/show-notes/*DISCLAIMER* https://averagejoefinances.com/disclaimerSee our full episode transcripts here: https://podcast.averagejoefinances.com/episodesSupport the show
On this week's show we discuss things you should be doing as the year comes to end when it comes to retirement planning. Also this week changes in social security you need to be aware of moving forward. We want retirement to be the best that it can be, so we have some planning pitfalls to avoid. If you have any questions concerning your retirement call Guardian Investment Advisors 800-517-1575. Planning, Retiring, Saving, Taxes, 401K, Roth, IRASee omnystudio.com/listener for privacy information.
Today's episode is Hack Your website. Yes, I said hack your own website. If you do it, it'll protect you from others hacking your site and it's pretty easy for them to do. Screw The Commute Podcast Show Notes Episode 832 How To Automate Your Business - https://screwthecommute.com/automatefree/ Internet Marketing Training Center - https://imtcva.org/ Higher Education Webinar – https://screwthecommute.com/webinars See Tom's Stuff – https://linktr.ee/antionandassociates 00:23 Tom's introduction to Hack Your Website 01:59 Do this to protect your own site 03:47 Check Comments to see WHAT is being posted and check your Admin login 06:47 Denial of Service attacks Entrepreneurial Resources Mentioned in This Podcast Higher Education Webinar - https://screwthecommute.com/webinars Screw The Commute - https://screwthecommute.com/ Screw The Commute Podcast App - https://screwthecommute.com/app/ College Ripoff Quiz - https://imtcva.org/quiz Know a young person for our Youth Episode Series? Send an email to Tom! - firstname.lastname@example.org Have a Roku box? Find Tom's Public Speaking Channel there! - https://channelstore.roku.com/details/267358/the-public-speaking-channel How To Automate Your Business - https://screwthecommute.com/automatefree/ Internet Marketing Retreat and Joint Venture Program - https://greatinternetmarketingtraining.com/ KickStartCart - http://www.kickstartcart.com/ Copywriting901 - https://copywriting901.com/ Become a Great Podcast Guest - https://screwthecommute.com/greatpodcastguest Training - https://screwthecommute.com/training Disabilities Page - https://imtcva.org/disabilities/ Tom's Patreon Page - https://screwthecommute.com/patreon/ Tom on TikTok - https://tiktok.com/@digitalmultimillionaire/ Understanding Denial of Service Attacks - https://www.cisa.gov/news-events/news/understanding-denial-service-attacks Email Tom: Tom@ScrewTheCommute.com Internet Marketing Training Center - https://imtcva.org/ Related Episodes CYA - https://screwthecommute.com/831/ More Entrepreneurial Resources for Home Based Business, Lifestyle Business, Passive Income, Professional Speaking and Online Business I discovered a great new headline / subject line / subheading generator that will actually analyze which headlines and subject lines are best for your market. I negotiated a deal with the developer of this revolutionary and inexpensive software. Oh, and it's good on Mac and PC. Go here: http://jvz1.com/c/41743/183906 The Wordpress Ecourse. Learn how to Make World Class Websites for $20 or less. https://screwthecommute.com/wordpressecourse/ Join our Private Facebook Group! One week trial for only a buck and then $37 a month, or save a ton with one payment of $297 for a year. Click the image to see all the details and sign up or go to https://www.greatinternetmarketing.com/screwthecommute/ After you sign up, check your email for instructions on getting in the group.
To access a FREE collection of resources, go to www.TheMaverickVault.com Paying off a loan ahead of schedule is a commendable financial achievement. Surprisingly, in certain situations, early loan repayment may incur prepayment penalties. So, in this Financial Freedom Friday, we'll explore the concept of prepayment penalties, when they apply, and how to navigate this potentially costly aspect of early loan repayment. Key Takeaways From This Episode The importance of understanding loan terms for passive investors Understanding commercial mortgage and choices for owners with maturing loans How can a refinance cause limited partners to withdraw from a deal 4 Important terms and acronyms that every investor should know Useful tips on how to evaluate loan risks and protect your investments References/Links Mentioned Valuation of San Francisco Luxury Apartment Building Dips 49% From 2018: Trepp – Commercial Observer Who Lends on Commercial Properties? Financial Freedom Friday Decoding Commercial Loans - Financial Freedom Friday Are you a passive real estate investor seeking financial freedom? Almost daily, new headlines break on the latest financial market upset. Now is the time to get educated on how to strategically invest in commercial real estate for long-term financial freedom. Grab your copy of “How to Passively Invest in a Changing Economic Environment” Go to…www.MavericksInvest.com Want to keep up to date on the commercial real estate market, trends, investing tips and know what Neil is buying right now? Connect with him at https://AgentOptional.com, and be sure to register for his newsletter. Connect with Neil Timmins on LinkedIn. If there is a topic you want to know more about or a guest that you would like to see on the show, shoot Neil a message on LinkedIn. About Neil Timmins Neil is a commercial real estate syndicator, published author, and podcast host. Neil's entry point into the Real Estate industry came after a few short years in banking. Recognized by the Wall Street Journal as a Top 100 team and the #1 REMAX agent in Iowa by the age of 29, Neil had solidified his role as a force in the industry. Having completed hundreds of Fix & Flips, Wholesales, Wholetails, Novations, and Owner-Financed deals, Neil longed to quit forfeiting time for dollars. After building a portfolio of single-family rentals to produce passive income, he found the strategy to be anything but passive. Neil, however, didn't go looking for his first commercial deal, he actually stumbled into it. Since then, he has refined the process of analyzing and buying commercial properties that produce stellar cash flow. Neil has been involved in over $300,000,000 in real estate transactions. While his holdings in commercial asset classes include apartments, offices, mobile home parks, and self-storage units, his passion is industrial property. Neil now has verticals in residential real estate, multiple commercial asset classes, brokerage, publishing, and this successful podcast. Neil and his wife, Emily, are the proud parents of three active teenagers. Those who know Neil say he is a competitor by nature, whether for the biggest fish on a deep-sea fishing trip, the best ribs at a barbeque, or playing football back in his day at his alma mater, the University of Nebraska at Omaha as a Maverick. Neil is always up for travel, spending time on the water, and of course, meeting people interested in learning about and investing in commercial properties. Click here to see video of the podcast.
Key Highlights[1:07-11:25]Sief Khafagi and TechVestor's introduction and how the short-term rental fund got created.What makes TechVestor's software so unique to the real estate market and what data they track.[11:50-20:35]What Sief has seen in terms of risk mitigation for having a business that relies on Airbnb.What properties Sief and TechVestor look to buy that they know will last in the short-rental market.What technology TechVestor uses that allows them to follow specific sets of data that set them apart from competitors.[20:36-33:32]How short-term rentals typically do during recessions, and why TechVestor is confident in their short-term rentals during those times.What Sief is seeing in the short-term rental market in terms of operating Airbnbs at the scale of TechVestor.How being an investor in TechVestor is lucrative and accessible to all.Want to learn more about investing in the TechVestor Short-Term Rental Fund? View our data room here: https://str.journey.io/p/c2ba17f7590a4e1a85359846e600f47f/realm-investors-str2-deck-024db84cMore questions or ready to invest? Schedule a call now: https://calendly.com/justin-732/investor-callDownload our RETIRE WITHIN 10 Bundle: https://www.RETIREWITHIN10Bundle.com/This bundle will help you strategize how long you can replace your active income with passive income and lay out the exact methods to get you there faster. (Spoiler: Most can get there within 3 - 7 years with the right plan in place)If you like our content, please give us a rating on the platform you're listening on!Get in touch: Justin@PresidentsClubInvestors.com and let me know what topics you'd like me to cover or what guests I should have on.
Harry Spaight is a Keynote Speaker, Author of Selling With Dignity, and sales consultant. After serving in mission work, culminating with two years in the Dominican Republic, Harry brought the principles of serving others to business, focusing on sales and leadership. Over the past 25 years, he has sold millions in revenue and led teams that sold tens of millions. Harry works with individuals and businesses who want to step up their sales, so they can thrive. He's also host of the Sales Made Easy Podcast.
We are so excited to share that we closed on a 20 unit property! What excites us the most is that we got to have over a dozen people INVEST WITH US! These people wanted to passively invest in a property without having to do all the work themselves. They wanted to achieve economies of scale that they couldn't do on their own. They didn't want to have 100% of their income lost if 1 unit is left vacant on a single family home they rent out by themselves. Together we can do more! Tune in as we share details on the property, why it is advantageous for people to pair together, and how you can find deals like this moving forward. Do you have some money you want to put in a deal, but perhaps not enough to buy a property yourself? Don't buy the myth that you have to put in sweat equity to get started in real estate. Find someone you know and trust and you can experience passive real estate investing with your very first deal. Learn how to get started today!FOLLOW MIKE
Crypto News Consensus, where we break down everything happening in crypto! Every week, various 100x Club members join the panel for a conversation about what's happened this last week in crypto and web3! Open AI's Silicone Soap Opera: Did they Discover Humanity's Kill Switch? | Blast L2, the Biggest Ponzi of 2023? | Argentina Elects Bitcoin President As always, we want to stress that nothing in this is financial investment advice. Our goal with these conversations is to give everyone listening one more tool in their belt to utilize while they do their own research and learn more about crypto. Find us: https://linktr.ee/the100xpodcast Find our speakers this week: Matthew Walker: https://twitter.com/hawaiianmint Austin Rikley: https://twitter.com/AustinRikley Cesar Martinez: https://twitter.com/poppabigmac 100x Podcast Partners are not endorsements to purchase or invest. They are projects or brands who have (at a minimum) purchased ad space in our podcast (which is how we fund the podcast's operations). We meet with them, often have them on the podcast so you can hear from them directly, and often find additional ways to support each other (like introducing us to other cool guests). Please do your own research. Our Current Partners: Astrabit Trading: https://astrabit.io/ Void 2122: https://void2122.com/ MyGeoTokens: https://mygeotokens.com/
Today's guest is Spencer Hilligoss. Spencer Hilligoss is a passive investor who deployed 7-figures of his own capital into passive investments in the past 6 years. In 2019, Spencer retired from a 13-year tech career to fully focus on Madison Investing, his passive investing club. Show summary: In this podcast episode, Spencer shares his personal journey from working in technology companies to retiring in 2019 to focus on his passive investing club. He emphasizes the need for clarity and vigilance in investing, advising investors to thoroughly vet teams and operators before investing. Spencer also provides advice on how to communicate with and motivate investors during challenging times, using two investor profiles as examples. -------------------------------------------------------------- Intro (00:00:00) Spencer's background and retirement (00:01:26) Clarity and vigilance in passive investing (00:04:25) Twists and Turns in Investing Journey (00:14:05) Positioning for the Next 12 to 24 Months (00:16:10) Investing at the Wrong Time (00:19:19) Motivating Investors to Invest (00:20:06) Understanding Investor's Circumstances (00:20:41) Educating Towards Future State (00:21:16) -------------------------------------------------------------- Connect with Spencer: Linkedin: https://www.linkedin.com/in/shilligoss/ Web: www.madisoninvesting.com Connect with Sam: I love helping others place money outside of traditional investments that both diversify a strategy and provide solid predictable returns. Facebook: https://www.facebook.com/HowtoscaleCRE/ LinkedIn: https://www.linkedin.com/in/samwilsonhowtoscalecre/ Email me → email@example.com SUBSCRIBE and LEAVE A RATING. Listen to How To Scale Commercial Real Estate Investing with Sam Wilson Apple Podcasts: https://podcasts.apple.com/us/podcast/how-to-scale-commercial-real-estate/id1539979234 Spotify: https://open.spotify.com/show/4m0NWYzSvznEIjRBFtCgEL?si=e10d8e039b99475f -------------------------------------------------------------- Want to read the full show notes of the episode? Check it out below: Spencer Hilligoss (00:00:00) - The goal setting process, like if there were to be. What is the most active part of being a passive investor? Because there are active parts. Right? And this is the misnomer. I think it is sitting down and just gut checking with the financials. What is your true north? Or I'll take out the platitude like what is your financial target you're aiming for? Just like if you're inside of a business, if you're going to use to work in the corporate world, anyone who's in a W2 world, if you manage a profit and loss, if you manage a financial plan, you got to go and sit there and say, hey, last year we thought the target like a win would be that dollar amount. Well, this year is looking a little different. So let's revise like what are where is our bearing here. Sam Wilson (00:00:44) - Welcome to the how to scale commercial real estate show. Whether you are an active or passive investor. We'll teach you how to scale your real estate investing business into something big. Sam Wilson (00:00:58) - Spencer. Helios is a passive investor who has deployed seven figures of his own capital into passive investments in the past six years. In 2019, he retired from a 13 year tech career to fully focus on Madison investing his passive investing club. If you don't know, Spencer also came back on the show. Gosh, what was that? Spencer episode 274 I think. So sometime early 2021. We've done about 600 episodes since the last time you were on the show, so it's a pleasure to have you back on the show today. Spencer Hilligoss (00:01:26) - Yeah. Wow, that's a fast two years. Sam. Thank you for having me back on. Absolutely. Sam Wilson (00:01:32) - The pleasure's mine, and it is a fast two years. Spencer, before we get into the heart of the show, though, there are three questions I ask every guest who comes on the show. You have answered these previously, but we're going to have you answer them again in 90s or less. Can you tell me where did you start? Where are you now and how did you get there? Spencer Hilligoss (00:01:48) - Oh yeah man, there's still fun questions. Spencer Hilligoss (00:01:50) - Now I'm probably going to get a different lens on it though, as always, as life evolves. So where I am now actually, let's go back. I started growing up as a punk rock and metal kid playing in bands. My dad was a real estate broker for 30 years. I was working for him as a kid, which is why I ran screaming into technology companies. I live in Silicon Valley in the Bay area, California. I have, you know, grown up for 13 years professionally building and leading large operations and sales groups for fintech companies, financial tech companies. As you mentioned, Sam, I retired in 2019, five months before Covid, and that was not part of the plan, but I would say grateful now more than ever to be leading Madison Investing, which is our passive investing club, as you mentioned up front, where we help other folks walk the same path that we have. You know, I know that right before we hit record, I was sharing a quick story about highlight of the year so far. Spencer Hilligoss (00:02:45) - We just got back from spending six weeks in Portugal as a whole family, that type of thing, that type of lifestyle decoupling from a geography, taking our kids who are six and nine and Jennifer and I are both living and working abroad with that flexibility. That's what's enabled by passive investing done right. And of course, it's not always like turnkey. Across the the journey. There's a lot of twists and turns. You got to pull out your figurative machete and hack through the the forest, as it were, and find clarity along the way. But hopefully I didn't exceed my 90s on that one. Sam Wilson (00:03:17) - No, I think shoot, if you weren't, if you were, if you were over 90s, it was worth listening to. So I appreciate you giving us that. That recap yet again and again. If you didn't hear Spencer's first show, go back and check that one out, because I know we're going to cover some very different things. Maybe then what we covered there on that show. You know, I think one of the things and I'm not going to hopefully offend you here by saying this, but I feel like everyone has these grandiose ideas of what passive investing is. Sam Wilson (00:03:44) - So they're like, oh, man, you know, we're going to be a passive investor and we're going to just cash checks all day long, and it's going to be amazing. But I think the experience is wildly different. I certainly know it has been for me, as I look at all the different passive investments I have, I go, okay, you know, there's some there doing well, some that are doing but not doing well, and then there's some that are performing very poorly. And I look at that and I go, gosh, that's that's it's kind of painful in some respects to look across all of them go, not everything's doing great. What would you say a current investors outlook and kind of mood should be about passive investing right now, because it doesn't always necessarily translate into six weeks in Portugal. Spencer Hilligoss (00:04:25) - Oh my gosh, what a killer question to open with and for people listening. Sam didn't prep me for that question ahead of time. That's just a hell of a good question. Clarity and vigilance. Spencer Hilligoss (00:04:36) - You know, I think clarity, first and foremost, it comes down to goals. And everyone out there hopefully is starting from that point. As a quick refresher, Sam, clarity to me means sitting down 2016. I'm working full time, deep into my career and climbing that ladder, making great W-2 income. Jennifer Morimoto, who is my my spouse, my wife, and my co-founder and, you know, co-pilot in life, you know, mother of our kids across the board. We work together in life and work. And we sat down and took a whole weekend to literally sit down and say while working full time, both of us in separate careers, what is the dollar amount per month that we could that we need to hit? Full passive. To cover our needs. And that was a scary exercise, man. That was a scary exercise. And it's something that I think I don't go into lightly, because that weekend had tears that we can had reconciliation and had laughter, and we had to get a sitter to get the kids out of the house just to do it right. Spencer Hilligoss (00:05:37) - But that's where it started. We set that goal with a 15 year time horizon to remove all excuses. And so by clarity, what I mean is it sounds so clean and simple to say, I'm going to hit 8000 bucks in passive income, which I believe at that time was our monthly income, passive income target. And, you know, I'll qualify it by saying everyone has different expectations in life. Like, we don't want to we don't I don't need a jet. I'm a pretty simple dude. Like I got some guitars. I like plucking a guitar, but I don't need a boat and no judgments on those who want more. But that was our goal back then, and we hit that goal in the last about year and a half, two years ago, we hit that goal in full passive. And we're we're so proud of hitting that. That was hard. But we said 15 years on, the original goal came back shortly after that exercise in 2016 and said, well, that's just too long. Spencer Hilligoss (00:06:29) - You know, you and I were chatting about our kids right before we hit record today, Sam. And I'll say that like, we wanted to catch some of the magic years, as it were, spending time with our boys while they were still pretty young, and being able to have that type of lifestyle where we could spend more time. And that is what got that clarity for me. So thanks for listening to that context. I just think it's so key for people to sit there instead of saying, man, look at that great looking Facebook paid ad that presents this two x equity multiple, right on a killer looking deal, a beautiful marketing deck. And you're like, that's my ticket to financial freedom. Be like, slow down, get clear. Get clear on why you're looking at this thing. And then don't worry about asset class yet. Come back to it later. Those are the lessons I wish I could impart on myself earlier on. One other thing I'll say is like 2023 for sure has presented some challenges, right? And you hit it earlier. Spencer Hilligoss (00:07:19) - I'd say that things like understanding the basics of what is the purpose of this one investment, what's the goal for the money? Is it a growth play? If a person is working, like talk to one of our investors in our club who's actively investing with us, has for years, and he says, well, in 5 to 7 years I want to get X dollar amount. By fully passive, you know, 5 or 7 years out. And that's a very thoughtful, responsible goal for that investor. That's a cash flow investor who is making killer W-2 income at a day job, doesn't need it now, wants to have it later so they can still potentially afford to go and invest for growth. They don't need the cash flow now, but if that same investor puts a bunch of money, puts 100 K into a deal, and they have a pot distribution right now. And they're going to get great growth on the back end of that thing. But they don't have a distribution coming in now for a monthly income. Spencer Hilligoss (00:08:13) - That's a mismatch. So I'll take a pause there. But just wanted to kind of cover at least the vigilance on the clarity. Sam Wilson (00:08:18) - No I think that's great. I think that's really, really great. You touched on the term goal for the money, which I think is is a it's a powerful. It's a powerful idea because even though we have financial planners and we have people that lay out again all the, hey, you know, this is what you're going to have if you invest. And of course, we've all been through that drill with with our stockbrokers and everybody else where they show, you know, projected where it's going and what it's going to do. I think a lot of times we missed that same exercise. At least I have personally in my own and passive investments around the country in commercial real estate because it's like, oh, that's cool. Like you said, that's a cool deal, I like that. Why not? Let's throw 50 grand or 100 grand at it and see where it goes. Sam Wilson (00:08:59) - Like, this is going to be fun. But then you look at it and you're like, wait, did that actually line up with what I wanted to do in 5 or 7 years? Because that requires discipline and time. It requires those weekends that you're talking about going, okay, you know, getting a spreadsheet of everything, or maybe it's even more complex than that. But if everything where it's going, what you're expected, payouts are getting them. I mean, that's hard work. I've got a sheet like that. It's hard work. Comparing zero eight. We got a distribution this month. Did it line up with what was pro forma? Which of these are doing what they say they're going to do. And that's that's just it becomes its own kind of animal that. I don't know. Speak to us on that front if you can. Spencer Hilligoss (00:09:37) - Oh, man, I love this topic. I would say you're nailing it. And by the way, I'm so guilty of the same thing. You know, you see a great looking deal. Spencer Hilligoss (00:09:45) - Or maybe you just love the team, like, like, oh, I love that operator. They have such a tight operation. Their reporting is killer. Their financial reporting is transparent. They have experience. They've got repeatable process. They've got the exits, full cycle deals, all the works. Right. And I'm like, oh cool, let's drop money. And then I'm like, well, that wasn't so much of a cash flow play. I mean, it reminds me of the very first property we bought is a duplex sitting in 45 minutes from our house, where I'm sitting right now in Vallejo, California, and that thing costs 430 grand. And that's a California property for you. We bought it years ago, cost us six figures. It's down payment and a cash flow is $200 a month. That is not a cash flow win by any measure. That's a quick way to use the player capital, right? But I bring that up as one example of like where we started to where we are now. Spencer Hilligoss (00:10:35) - And I would say now actually we're going through a refresh of this very exercise. And it's related, I think, to what you brought up a moment ago, Sam, you know, the goal setting process, like if there were to be what is the most active part of being a passive investor? Because there are active parts, right? And this is the misnomer. I think it is sitting down and just gut checking with the financials. What is your true north? Or I'll take out the platitude like what is your financial target you're aiming for? Just like if you're inside of a business, if you're what I used to work in the corporate world, anyone who's in a W2 world, if you manage a profit and loss, if you manage a financial plan, you got to go and sit there and say, hey, last year we thought the target like a win would be that dollar amount. Well, this year is looking a little different. So let's revise like what are where is our bearing here. Spencer Hilligoss (00:11:28) - And so we're going through that now to say well you got to track it in a spreadsheet. You've got to sit down and say what's the monthly income expected from this. Are we up? Are we down. How much do we need? Are we off track? Do we need to reserve some capital because our family is going to face some some headwinds or maybe tailwinds. Maybe there's good news coming in. You know, just got some unexpected great news on, like, an exit from a deal that is like a mobile home park refinance that's coming in. And I was like, wow, that's the first, I think, capital event that's occurred in 2023 personally. So like that was that was quite unexpected, you know. So I'm like, woo, that's great to see. And we'll see a lot more of that hopefully between 20 and 24 but most likely 2025. So it's tracking and knowing where you're at on that figurative map and sitting down and saying, let's put some financial assumptions behind it, like, what are we going to get out of this deal? Exits, cash flow. Spencer Hilligoss (00:12:18) - What does take work? It takes some work, you know. Sam Wilson (00:12:22) - It does take work. And I think it takes work. And it also, like you said, figuring out, you know, what your true north is in this and then and then picking the right opportunities that kind of make up that matrix of deals that you should or should not be investing in. So I think that's just knowing just knowing what it is you're looking for. And again, not being guilty of following my footsteps and just going, oh that's cool. Like I love the sponsor. I love the deal. I mean, why shouldn't we do it? Like, because maybe it doesn't fit the plan. I was having a call with a with a. Friend slash business guy here in Memphis yesterday. And he goes, he goes, Sam. He goes. My answer should be to, you know, he goes, it's no. Because for these two reasons he goes, but yet I just can't help but talk to you about it because this is really fascinating. Sam Wilson (00:13:11) - So let's keep going. And I'm like, Bill, you know exactly what your answer should be. And I appreciated that. It was it was just a funny response. He's like, my answer should be no because I don't know anything about it and it doesn't fit my box, but I want to hear more like so anyway, we all. Spencer Hilligoss (00:13:27) - Do it. Sam Wilson (00:13:27) - We all do it, but we all do it. Yeah, we all do it. Not falling into that trap. So that's really cool. We've talked a little bit about defining temperament in our in our investments, being a tempered investor if you will, finding out goals for the money currently. Tell me tell me a little bit about this. Like what you said that there's two things. One, you said you've experienced some twists and turns in your investing journey. I think you said since 2019. So maybe if you can give us a couple examples of what those twists and turns are, and then tell us how you guys are positioning yourselves to really take advantage of the next 12 to 24 months. Spencer Hilligoss (00:14:05) - Yeah. Happy to. So. Twists and turns first. Abbreviated version. I can define this in three quick phases. This is not how it felt. Real time. Of course. Life has crazy chapters. You don't know where you're at on the map sometimes until you come out the other side of it, right? So phase one still working full time. This is back in about 2016. We bought that rental that pricey for 30 K rental. I just told you about California and we're like, wow, we're going to run out of money real quick this way. Not in line with our cash flow goals. We then got more comfortable to really took our time and looked at more rentals. Still didn't hadn't quite moved on beyond that rental phase. And rentals are fine. They're a great wealth builder, but. They are semi passive at best. Right and I will happy to debate anyone on that topic. Anyone who's owned rentals can attest to that, property manager or not. They're semi passive. So we got up to five long distance rentals and they were out in Kansas City, Kansas City, Missouri and 60 K average purchase price 250 bucks a month. Spencer Hilligoss (00:15:08) - Average cash flow. That's a heck of a lot better economics than the first one. Those were maybe, at best, C-minus neighborhood. Um, you don't really learn what that means till you do it. Sam Wilson (00:15:21) - Right? Spencer Hilligoss (00:15:22) - And, you know, you get you get it. So we learned that way in terms of overhead, you know. That was more work than we expected it to be. Even with property managers, the economics got a little bit kicked every year because the tenants would beat up the place a little bit, and then we had turnover costs, etcetera. So we sold those properties, and then eventually we started investing as passive investors purely as LPs and some multifamily deals. And we're talking in Alabama and in Texas and a few other great markets, eventually multifamily self-storage. And those twists and turns initially, I would say were super important. You know, like a little expensive. You pay tuition with experience and scars. You also pay it with physical capital. And I would just say that those those were not, in hindsight, ideal if you're trying to maximize return, but they were necessary for us to get to where we are now. Spencer Hilligoss (00:16:10) - And so I look at those also, once we started investing as LPs, got some killer exits from those. This is around the 2018, 20, 2019. And then we're like, well. There's so many colleagues and so many folks in my network that were saying, Spencer, like, we don't want to fly out to these properties like, you're, you know, this stuff. They're saying this to me like, you know, this stuff, you're flying out of these assets, you're walking them. You want you know, how to underwrite them. All this stuff. And I'd work so hard to get there to do that. Why don't you? What? You help us, you know? And so then we started medicine investing around that time. And it's just the club dynamic of being an educator and a resource for folks to see who who are these teams we invest in. But that doesn't necessarily mean it's always clear. It doesn't mean it's always easy. You know, like like taking the time to get to know partners and operators is it is art and science. Spencer Hilligoss (00:17:05) - You know, it's, you know, vetting teams and humans is always going to be that way. And so I would say those were some of the whiz bang version of like the twists and turns along the way that brought us to where we are now. Um, I'd say that looking forward to your second question, though, right now is a unique time. You know, I think before this journey over the past seven years, you know, coming out of a tech career, Sam, like, I wouldn't have known how to take in the feedback and the mentorship that we hear, the wisdom that we hear when it comes to when's a great time to invest? Like when do the wealthy people, the wealthiest of the wealthy, the Warren Buffett's like, when do they make the biggest returns? When do they maximize their wealth building? And I wouldn't have understood. Like, you got to go out there and take informed risks during challenging volatility times, during economic headwind times. And that is why right now we're walking into a killer buying opportunity. Spencer Hilligoss (00:18:02) - We're walking into a killer investing landscape. And it's it's the tough part for every investor is to look through the noise. There's a ton of very real noise occurring right now in the headlines, of course, globally and nationally. But I would say take what you need from the news, but then look past. It has best you can, you know. And so we see opportunities to buy and invest at the asset classes that we love. Multifamily large apartment communities largely in the Sunbelt. With some of the Rockies still love self-storage. We've been focusing on self-storage now since 2019 as a sister asset class, along with multifamily and a couple of other niche non-real estate asset classes. But I would say that that's really what it's about is just being vigilant about not pouncing on a deal is because it looks like it's great from a team that we know you got to go do it deeper. And clearly I have to say this as well. One last thing is just like the interest rate has to be the debt, the loan, the loan structure has to make sense in the current climate. Spencer Hilligoss (00:19:04) - It has to be either in a suitable loan. You know, there's a lot of that going on on the few deals there are, or it has to be some kind of unique situation where the seller is distressed and you're getting a very significant discount, but tough to find those. Sam Wilson (00:19:19) - It really is. But those are those are things. And I like your, your you seem to be a more patient investor maybe than what some of the, some of the, you know, fury that's been out there in the last couple of years, you seem to take more time in what it is that you're investing in. And I think you're right here in the next couple of years, we're going to see we're going to see some great opportunities come down the pipe. But I guess here's a question for you. Most investors, the book, Howard Marks wrote the book, Mastering the Market Cycle. And in that he basically says that historically, investors invest at the completely wrong time. Like if you just take the data and you overlay it with the economic profile, he goes, they're always investing at the top and selling at the bottom. Sam Wilson (00:20:06) - He goes just right the way they do it. So how do you in the times of how do you I mean, I'll get to my question, but how do you communicate to your investors and then motivate them to invest at the times when it's like when everybody else is out yelling, run! You know, there's blood on the street, everybody's going to die and you're going to go, hey, man, you know, actually, right now is the perfect time to buy this distressed asset. You communicate that in such a way that it then compels your investors to invest. Spencer Hilligoss (00:20:41) - Yeah. Gosh, that's a fun topic, man. I love the reference for the Marx book. I think understanding the posture as like as a passive investor myself, you know, as a passive investor yourself as well, it comes down to understanding fundamentally that like motivation to invest in motivation to act is is probably the incorrect way to look at it. It's really like, does a person understand squarely where they are? If you're trying to educate like they understand, this is probably going to lead back to a goals comment. Spencer Hilligoss (00:21:16) - But I would say that it starts with just holding up the figurative mirror and saying, here's where I'm at. You know, here's an investor's circumstances. And if they are comfortable where they are, you're really not going be able to prompt action and you don't want to. I'm not interested in trying to compel someone to go and invest in something that is not fit for their portfolio or fit for their their goals. I think really what it comes down to is helping them understand the future state, understanding the future state. What I mean by that is where is the life they want to be, right? Like in three years, five years, seven years, whatever that time horizon could be. And if that means, you know, let's take two profiles. I'll just keep them anonymous and kind of abstracted here. But like profile one most common one, I would say a fellow investors that we work and invest alongside with W-2 employees, at least one significant W-2 income coming into the household likely to if they're in California. Spencer Hilligoss (00:22:10) - Absolutely to because it's just too expensive here to have one usually. So they're sitting there going, I don't necessarily need to quit my job right now. That profile of dual income with kids, California or West Coast pricing market, they're thinking in maybe five, seven, maybe ten years. Then we want to have some optionality, because perhaps they're aging out of the tech career because ageism is a thing, and eventually they want to have some kind of safety net. So they have to think about these goals. And so educating toward that future state absolutely is the most important thing. And then connecting the dots backwards from that, like reverse engineering where do they want to be. Similarly, it's going to sound familiar, probably to where Jennifer and I were at, you know, years ago. It's like where we where were we when we started holding up that figurative mirror? Looking across, auditing our income sources, auditing our wealth, picture all that stuff, and then setting a real clear, crystal clear vision of like, well, where do we want to be? You know, what kind of lifestyle do we want to have? What kind of options do we want to have? That all applies for people who are working, and they have to work currently for their income profile. Spencer Hilligoss (00:23:17) - Two high net worth folks, folks who, you know, maybe they exited a business that they built. Maybe they own a company actively, but they're taking more of a backseat while the next generation takes it over. You know, all that profile of so many different high net worth folks out there. But I would say that is more of a discussion of hedging downside risk in a discussion of capital preservation and understanding, like, yeah, I absolutely agree. It's a unique time when you're looking over there at the treasuries and you're saying, wow, that looks like a super safe 5%. Well, what percentage of their portfolio are they trying to allocate toward that? And also, is it really 5% that they want or are they looking at that 5% a little bit too myopically. Are they are they overanalyzing and just using that as their, their, their Uber excuse for analysis paralysis because they just don't want to go and do the mental work across the market right now to think, oh, there are excellent deals that can produce double, triple plus whatever you're getting on a treasury, you know. Spencer Hilligoss (00:24:17) - So not getting probably getting a little too nerdy here probably for that one Sam. But that's a fun question. Sam Wilson (00:24:22) - That's awesome Spencer, thank you for taking the time to break. Break that down. And a like I like the the the the phrase you said educating to that future state. And again I probably misused the words not motivate or compel. But it's one of those things. How do you get people off the fence. Yeah. Sam Wilson (00:24:37) - Yeah yeah. Sam Wilson (00:24:38) - And it's and it's and that's because again, we don't want people investing. And I've told people that I've told people before I said, no, this just isn't for you like this. This deal is not for you. So please don't invest. Yeah. You can just sense it. But, you know, I do think it is important, though, to see people when they're stuck in that analysis paralysis going, oh my gosh. Like I'm just going to sit here because everything looks so scary. And I think you've you've made some really valid points there on that that I won't rehash and kill it because you did. Sam Wilson (00:25:04) - You did a great job really explaining that. So thank you again for taking the time here to come back on the show today. It's been an absolute pleasure to have you back on. If our listeners want to get in touch with you and learn more about you, what is the best way to do that? Spencer Hilligoss (00:25:17) - Yeah. No thank you, Sam, this has been awesome to reconnect. So Madison Investing.com, that's our website and folks can find some educational content there. We put up there monthly. They can also set up time to chat with me. Happy to be a sounding board on their passive investing strategy. Sam Wilson (00:25:31) - Fantastic. Madison Investing.com. We'll put that there in the show, notes. Spencer. Thank you again for taking the time to come on the show today. Sam Wilson (00:25:38) - I do appreciate it. Spencer Hilligoss (00:25:39) - Yeah. Thank you Sam, really great to see you. Sam Wilson (00:25:41) - Hey, thanks for listening to the How to Scale Commercial Real Estate podcast. If you can do me a. Sam Wilson (00:25:46) - Favor. Sam Wilson (00:25:46) - And subscribe and leave us a review on Apple Podcasts, Spotify, Google Podcasts, whatever platform it is you use to listen. Sam Wilson (00:25:54) - If you can do that for us, that would be a fantastic help to the show. It helps us both attract new listeners as well as rank higher on those directories. So appreciate you listening. Thanks so much and hope to catch you on the next episode.
Passive income sounds amazing, but is it really better than active income? Both incomes are required at some point in your lifetime, but which one can help you reach financial freedom faster? What exactly is the difference between active and passive income, and why should you care? That's what Russ and Joey will discuss today. So don't miss the conversation. Top three things you will learn: How to deal with the interest rate dilemmaHow to use your experience to get involved in profitable investment opportunities Active Income vs. Passive IncomeOctober 2023 Income At-A-Glance: Gross Income for October: $64,910.23Total Expenses for October: $25,926.47Total Net Profit for October: $38,983.76Difference b/t September & October: $2,692.37% of net profit to overall gross revenue: 60%Inner Circle LIVE 2024: January 5-7, 2024https://go.wealthwithoutwallstreet.com/inner-circle-livePromo Code: PODCASTFree Financial Strategy Call: https://www.wealthwithoutwallstreet.com/freecallExplore the World's Largest Car Sharing Marketplace:https://turo.com/Learn How to Invest in Real Estate with The Land Geek:https://www.thelandgeek.com/Turn Active Income Into Passive Income:https://www.wealthwithoutwallstreet.com/PIOS Take the Financial Freedom Analyzer:https://wealthwithoutwallstreet.com/quizSubscribe to Our YouTube Channel:https://www.youtube.com/@WealthWithoutWallStreetCheck Out Our Monthly Passive Income Reports: https://www.wealthwithoutwallstreet.com/passive-incomeDiscover Your Path to Financial Freedom: https://www.wealthwithoutwallstreet.com/passportApply to Join the Passive Income Mastermind:https://www.wealthwithoutwallstreet.com/wwws-passive-income-mastermind—
One of the best ways that you can predict the future of demand for real estate is to study the macro-factors that contribute to supply and demand. For the last few years, we've been keeping tabs on some key economic drivers that could drastically impact the valuations of certain classes and types of investments that we'll talk about on today's episode.Download our RETIRE WITHIN 10 Bundle: https://www.RETIREWITHIN10Bundle.com/This bundle will help you strategize how long you can replace your active income with passive income and lay out the exact methods to get you there faster. (Spoiler: Most can get there within 3 - 7 years with the right plan in place)If you like our content, please give us a rating on the platform you're listening on!Get in touch: Justin@PresidentsClubInvestors.com and let me know what topics you'd like me to cover or what guests I should have on.Check out our investing firm: https://www.presidentsclubinvestors.com/Want to invest with us? Schedule a brief call here: https://calendly.com/justin-732/investor-call?month=2023-11
In this episode, join us for a deep dive into building a passive income blueprint with Flint Jamison, a former aerospace engineer turned real estate entrepreneur. With a 20-year career in aerospace, including designing the wing structure of the Boeing 787, Flint's journey shifted towards real estate in 2018. Purchasing cash-flowing properties and transitioning to commercial real estate, Flint unlocked an efficient path to financial freedom, liberating himself from burnout. Now the founder of Vestus Capital, Flint guides engineering leaders to reclaim their time and achieve financial peace through strategic, passive real estate investments. Learn the secrets to crafting your own income blueprint and living life by design. HIGHLIGHTS FROM THE EPISODE 01:44 - How Flint got started in real estate 03:51 - First deal & long distance investment 07:00 - His syndication journey 09:32 - Lessons learned from being an LP 12:01 - Team building 15:44 - The next thing his syndication get him to 22:37 - Contact Flint CONNECT WITH THE GUEST Website: https://vestuscapital.com/ CONNECT WITH THE HOST Website- https://upstreaminvestor.com/ Facebook- https://www.facebook.com/TwoSmartAssets/ Instagram- https://www.instagram.com/upstreaminv... Twitter- https://twitter.com/twosmartassets LinkedIn- https://www.linkedin.com/company/two-... ----------------------------------------------------------------------------------------------------------------------- Listen, like, subscribe, and comment!
There are several things people typically do by the end of the year. Make charitable donations, clean out the medicine cabinets and bathroom drawers, declutter, clean out the refrigerator, review your goals, organize photos from the past year… In this episode Tim and Greg discuss strategies for real estate investing as the year 2023 comes to a close. They suggest five key steps for investors: reviewing and assessing investment goals, reviewing the performance of existing investments, consulting a real estate tax professional, considering the diversification of the investment portfolio, and staying informed about current real estate market trends. They also highlight the importance of cost segregation studies for tax efficiency and warn against emotional investing. Leave a positive rating and review of this podcast with just one click WHAT TO LISTEN FOR3:16 Review and Assess Investment Goals6:12 Review Performance of Existing Investments10:37 Consult a Real Estate Tax Professional14:47 Understand and Diversify Real Estate Portfolio RESOURCES/LINKS MENTIONEDTax Free Wealth by Tom WheelwrightConveyor Belt Theory by Jake and Gino CONNECT WITH USTo learn more about investment opportunities, join the Cityside Capital Investor Club. Facebook | Instagram | LinkedIn | Email Greg | Email Tim Follow so you never miss a NEW episode!
Ever wondered about the world of photography education and its potential for passive income? Prepare to have your curiosity piqued as we traverse this fascinating landscape with Laylee Emadi, the visionary behind the Creative Educator Conference!. We'll equip you with the skills and mindset needed for this exciting venture, tackle the realities of passive income, and reveal how a keen sense of education can be a game-changer in your professional journey. Get ready for a deep dive into online education formats and the debunking of common myths surrounding passive income. Not for the faint-hearted, this episode will challenge your preconceptions and push you to hone your teaching skills. We dissect the impact of funnels, explore the difference between being a professional speaker and a professional who speaks, and examine the potential pitfalls of gatekeeping information. To round things off, we'll delve into the realities and rewards of pursuing a career in photography education. Laylee, a veteran in the industry, shares her journey from novice to seasoned educator and highlights the emerging trends that are shaking up the industry. Whether you're considering becoming an educator or simply curious about the world of photography education, this episode promises to enlighten, engage, and inspire. Be sure to join us for this exciting exploration into the world of photography education!ROB'S QUICK LINKSInstagram: https://www.instagram.com/square8studioCourse Creation Acceleator: https://www.square8studio.com/course-creation-acceleratorLAYLEE'S QUICK LINKS:Instagram: https://www.instagram.com/laylee_emadiWebsite: layleeemadi.comCreative Educator Conference: https://layleeemadi.com/conference
What exactly IS the "slow flip" that Scott talks about?Is it DOABLE in today's environment with higher interest rates?As always, be sure to RATE, REVIEW and SHARE with others!Tip/Trivia – It is estimated that 42% of all homes in the US are owned free and clear with NO mortgage! RESOURCES MENTIONED:Ugly ScottThe Art of The Slow FlipCONNECT WITH SCOTT:SlowFlipSHOW SPONSORSSimple Passive Cashflow Freedom FamilyHero LendingSupport the show
CYA stands for Cover Your "Behind". This is a method I've been using for years to win disputes. And I got a bonus tip to help you out. Screw The Commute Podcast Show Notes Episode 831 How To Automate Your Business - https://screwthecommute.com/automatefree/ Internet Marketing Training Center - https://imtcva.org/ Higher Education Webinar – https://screwthecommute.com/webinars See Tom's Stuff – https://linktr.ee/antionandassociates 00:23 Tom's introduction to CYA 01:40 Covering your butt in a dispute 03:34 Take notes while interacting not afterwards 05:36 Be articulate and don't make up "facts" 08:09 Make sure your version is exactly correct Entrepreneurial Resources Mentioned in This Podcast Higher Education Webinar - https://screwthecommute.com/webinars Screw The Commute - https://screwthecommute.com/ Screw The Commute Podcast App - https://screwthecommute.com/app/ College Ripoff Quiz - https://imtcva.org/quiz Know a young person for our Youth Episode Series? Send an email to Tom! - firstname.lastname@example.org Have a Roku box? Find Tom's Public Speaking Channel there! - https://channelstore.roku.com/details/267358/the-public-speaking-channel How To Automate Your Business - https://screwthecommute.com/automatefree/ Internet Marketing Retreat and Joint Venture Program - https://greatinternetmarketingtraining.com/ KickStartCart - http://www.kickstartcart.com/ Copywriting901 - https://copywriting901.com/ Become a Great Podcast Guest - https://screwthecommute.com/greatpodcastguest Training - https://screwthecommute.com/training Disabilities Page - https://imtcva.org/disabilities/ Tom's Patreon Page - https://screwthecommute.com/patreon/ Tom on TikTok - https://tiktok.com/@digitalmultimillionaire/ Email Tom: Tom@ScrewTheCommute.com Internet Marketing Training Center - https://imtcva.org/ Related Episodes Electronic Security - https://screwthecommute.com/830/ More Entrepreneurial Resources for Home Based Business, Lifestyle Business, Passive Income, Professional Speaking and Online Business I discovered a great new headline / subject line / subheading generator that will actually analyze which headlines and subject lines are best for your market. I negotiated a deal with the developer of this revolutionary and inexpensive software. Oh, and it's good on Mac and PC. Go here: http://jvz1.com/c/41743/183906 The Wordpress Ecourse. Learn how to Make World Class Websites for $20 or less. https://screwthecommute.com/wordpressecourse/ Join our Private Facebook Group! One week trial for only a buck and then $37 a month, or save a ton with one payment of $297 for a year. Click the image to see all the details and sign up or go to https://www.greatinternetmarketing.com/screwthecommute/ After you sign up, check your email for instructions on getting in the group.
In this episode of the Infinite Wealth podcast, hosts Cameron Christensen and Anthony Fasso dive into their favorite pages from Nelson Nash's book, Becoming Your Own Banker. They discuss the impact of these pages on their own understanding of Infinite Banking and share the valuable insights they gained from them. From understanding the difference between using a CD as collateral versus an IBC design policy to the history and pitfalls of Universal Life policies, Cameron and Anthony break down the key concepts presented by Nash. They also emphasize the importance of community, mentorship, and self-comparison in financial success. Join them as they provide a fresh perspective on Nelson Nash's book and the lessons it offers for building wealth and creating passive income. Resources: Schedule your 15-minute call with Anthony or Cameron here: http://bit.ly/iwc15podcast Check our online course at www.InfiniteWealthCourse.com Buy Becoming Your Own Banker by R. Nelson Nash http://bit.ly/BYOBbookIWC
Gear up for another year of exciting investments as we uncover dynamic strategies to supercharge your wealth-building skills. Unearth essential elements, gain valuable insights and snag expert tips to navigate the 2024 financial landscape with unshakeable confidence. So tune in! WHAT YOU'LL LEARN FROM THIS EPISODE Why it's important to plan ahead and evaluate your finances Benefits of investing in real estate A strategy to help you reach your retirement goals effectively Data you must pay attention to when planning an investment strategy How to know if a property qualifies for a debt-service coverage ratio loan RESOURCES MENTIONED IN THIS EPISODE The Entrepreneurial Brain by Jeff Hays | Kindle, Audiobook, and Paperback EP245: Grow Your Wealth Through Rental Properties in High-Growth Markets | Apple Podcasts and Spotify Marco Polo CONNECT WITH US: If you need help with anything in real estate, please email email@example.com Reach Ron: RP Capital Leave podcast reviews and topic suggestions: iTunes Subscribe and get additional info: Get Real Estate Success Facebook Group: Cash Flow Property Facebook Community Get the latest trends and insights: RP Capital Newsletter
Alex Watts is a coach to others with their mindset so that they can reach their own goal and build their own online, freedom-based business and lifestyle. Connect with Alex: Website: https://www.alexjwatts.com/ From James: Earn Your First $500/mo. of Passive Income in 5 Simple Steps (profityourknowledge.com)
Dave made a 30k mistake on this first investment, a duplex in Denver, CO, one that ended up costing him over 200k in future missed opportunities. He learned that every real estate investor has a silent partner - Uncle Sam. If you're not careful, Uncle Sam can make more money than you do. But Dave soon learned the incredible value of tax-free savings through the 1031 exchange, which allowed him to buy a sailboat with his family down the road. Dave is a Qualified Intermediary and consultant who shares his tax-saving strategies with investors who want to maximize their returns. He's the author of "Lifetime Tax-Free Wealth: The Real Estate Investor's Guide to the 1031 Exchange". Dave shares how a little bit of advance planning can keep all of your capital working for your own benefit and help you grow your portfolio faster - using your own tax dollars. FOLLOW DAVE
What if you could turn your passion for craft into a thriving business? Join us on a fascinating journey into the world of craft business with Abby Glassenberg, co-founder and president of Craft Industry Alliance. In this episode, we pull back the curtain on the Craft Industry Alliance, discussing its inception, growth, and the vast array of benefits it offers to its members, from individual makers to larger corporations.Ever wondered what makes an email stand out in a cluttered inbox? We dive into the art of email marketing for creatives, exploring how to curate content that resonates with your audience. Abby shares how to treat every email like a handmade gift, offering valuable recommendations and giving your audience a sneak peek into your creative process - a surefire way to build lasting connections.We didn't stop at email marketing. This conversation takes you through optimising your website, planning your business, especially for the holiday season, and strategies to maximise your Black Friday sales. We also delve into creating passive income streams like selling ebooks and courses. To top it all off, Abby shares insights on making the most of trade shows, another fantastic avenue to grow your craft business. This episode is a treasure trove of knowledge aimed at empowering craft business owners to scale new heights. Tune in and get ready to transform your craft business!Learn more about Craft Industry Alliance on their website. Something New Every WeekSomething New Every Week (or SNEW's for short) feature photography's best of the best....Listen on: Apple Podcasts SpotifySupport the show
Deborah Razo is an Entrepreneur, Real Estate Investor concentrating in flipping, building, and buy & hold property cashflow. She is also the Founder of the Women's Real Estate Network (WREN). Always an independent spirit, Deborah started her first business in 1990. After owning several businesses, she realized that her path to financial freedom is through real estate investing and her personal mission to teach others who seek growth and want to live life fully! In 2009 she began her journey with Tony Robbins and now is a Robbins Trainer, traveling globally to provide on-site coaching to attendees. In addition to her degree from UCLA , Deborah expanded her investing education with a series of intensive workshops. It felt like a natural transition to her, shifting gears from her design firm to a booming rehab business. She is currently focusing her energy on partnering with investors seeking financial freedom through the acquisition of real estate assets. In our podcast, Deborah shares how a car accident helped her shift her mindset from being a self-employed “solopreneur” to being an entrepreneur to build passive income through real estate. Deborah shares her biggest challenges going from business operator to business owner and talks about how leading others is the single most important skill an entrepreneur needs to scale their business outside of their own time and efforts. Deborah also shares her top tips to cultivate a winning mindset that is designed for creating a passive income driven lifestyle. You Can Find Deborah @: Linkedin: https://www.linkedin.com/in/deborahrazo/ Instagram: https://www.instagram.com/deborah_aka_raz/?hl=en Facebook: https://www.facebook.com/deborah.razo/ YouTube: https://www.youtube.com/@WRENinspires Website: https://wreninspires.com/
Hello WIIRE friends! This week on the podcast, we are sharing our very best real estate tax savings tips to hopefully help save you as much money as possible. With year-end approaching quickly one of the first things we need to think about jumping into the new year is taxes. With growing your business comes more tax questions and responsibilities and we want to make sure you are using a forward-thinking tax strategy to start the new year off right.We are not CPAs or tax attorneys, so be sure to consult with a tax professional for highly-specific questions.Our friend Danielle Rutigliano still has a few new client spots left for our WIIRE members, so if you have not taken the opportunity to reach out to her and hear her expertise on real estate tax strategy, what are you waiting for? Make sure to mention that WIIRE sent you. We use Danielle for our WIIRE business and in our own businesses and cannot say enough good things about her services.Some of the tips on our list are straightforward and others are more complicated and as your portfolio grows, you should know all of the options in front of you. On our list of hot tax tips are:1031 ExchangeDie (morbid, but real life) while owning your propertiesSell your primary residence of 2 years tax-freeCost segregationSeller financingHold properties for more than a yearRealize appreciation by borrowing, not sellingMake sure you are planning ahead and prepared by consulting with a tax professional to keep your real estate investing biz growing and thriving. These are some amazing tips we have learned on our journey and hope they help you to continue to grow your real estate investing business!We will talk to you next week! Resources:Check out our favorite Bookkeeper & CPA, Danielle RutiglianoLeave us a review on Apple PodcastsLeave us a review on SpotifyJoin our private Facebook CommunityConnect with us on Instagram
I'm not really a big fan of flipping anything. I flipped three dozen houses early in my real estate career. But couldn't figure out how to turn that into a financial freedom business. That's why I switched to apartments. And I am convinced that apartments are the number one way to become financially free with real estate.But Travis King found a way to earn passive income with land flipping. How does that work?On this episode of Financial Freedom with Real Estate Investing, Travis joins us to discuss how he finds and finances off-market vacant land deals.Travis explains how he gets top dollar on land when he sells it, earning a nice return for investors and interest income for himself through seller financing.Listen in for insight on raising outside money to land bigger deals and learn how long it takes to replace your W-2 income with land flipping!For full episode show notes visit: https://themichaelblank.com/podcasts/session398/
Hey, we're going to talk a little bit about electronic security, especially if you're traveling. This episode kind of plays off my continued attention to satisfy both domestically and travel abroad. Your safety. I care about this, and a whole course on it is on brutalselfdefense.com. You won't believe some of the things that can happen to you, and you wouldn't even know what happened until it was too late if you don't listen to this episode and kind of get your head around the kind of things that are going on electronically that can screw you over. Screw The Commute Podcast Show Notes Episode 830 How To Automate Your Business - https://screwthecommute.com/automatefree/ Internet Marketing Training Center - https://imtcva.org/ Higher Education Webinar – https://screwthecommute.com/webinars See Tom's Stuff – https://linktr.ee/antionandassociates 00:23 Tom's introduction to Electronic Security 02:06 Paying attention to your phones, wallets and other things 03:40 Cell site simulators 06:56 Staying within the law and intercepting phone calls and messages 09:42 Be low profile and as "silent" as possible Entrepreneurial Resources Mentioned in This Podcast Higher Education Webinar - https://screwthecommute.com/webinars Screw The Commute - https://screwthecommute.com/ Screw The Commute Podcast App - https://screwthecommute.com/app/ College Ripoff Quiz - https://imtcva.org/quiz Know a young person for our Youth Episode Series? Send an email to Tom! - firstname.lastname@example.org Have a Roku box? Find Tom's Public Speaking Channel there! - https://channelstore.roku.com/details/267358/the-public-speaking-channel How To Automate Your Business - https://screwthecommute.com/automatefree/ Internet Marketing Retreat and Joint Venture Program - https://greatinternetmarketingtraining.com/ KickStartCart - http://www.kickstartcart.com/ Copywriting901 - https://copywriting901.com/ Become a Great Podcast Guest - https://screwthecommute.com/greatpodcastguest Training - https://screwthecommute.com/training Disabilities Page - https://imtcva.org/disabilities/ Tom's Patreon Page - https://screwthecommute.com/patreon/ Tom on TikTok - https://tiktok.com/@digitalmultimillionaire/ Tracking Criminals with a Stingray - https://www.usatoday.com/story/news/2015/08/23/baltimore-police-stingray-cell-surveillance/31994181/ Email Tom: Tom@ScrewTheCommute.com Internet Marketing Training Center - https://imtcva.org/ Related Episodes Phone Tips - https://screwthecommute.com/828/ Holiday Improvement - https://screwthecommute.com/829/ More Entrepreneurial Resources for Home Based Business, Lifestyle Business, Passive Income, Professional Speaking and Online Business I discovered a great new headline / subject line / subheading generator that will actually analyze which headlines and subject lines are best for your market. I negotiated a deal with the developer of this revolutionary and inexpensive software. Oh, and it's good on Mac and PC. Go here: http://jvz1.com/c/41743/183906 The Wordpress Ecourse. Learn how to Make World Class Websites for $20 or less. https://screwthecommute.com/wordpressecourse/ Join our Private Facebook Group! One week trial for only a buck and then $37 a month, or save a ton with one payment of $297 for a year. Click the image to see all the details and sign up or go to https://www.greatinternetmarketing.com/screwthecommute/ After you sign up, check your email for instructions on getting in the group.
Welcome back to the Real Estate Investing School Podcast. Today, we dive into the journey of the Cashflow Cowboy, Justin Wawrzyniak, 28-year-old engineer turned full-time real estate investor. With 59 units and over a million dollars in equity acquired in only two years, he shares his secrets to success. One key takeaway is the importance of surrounding yourself with great people. By building strong relationships, he was able to secure discounted rates from property owners and find off-market deals. He emphasizes the power of the follow-up and leveraging technology to your advantage while also highlighting the significance of having a supportive network. By learning from experienced individuals and having them guide you through your first deal, the process becomes much smoother. Real estate offers incredible customization options, and he is a direct-to-seller expert who loves multi-family properties. Because this is his strategy, building strong relationships with property managers and lenders is crucial for long-term success. He explains how multi-family properties allow you to force appreciation, creating passive income and ultimately achieving financial freedom. With a goal of reaching 300 units by the age of 30, and the ultimate goal of creating free time through passive income, he believes that there's never a bad time to buy if the deal works. He recommends the book "Who Not How" and shares his ultimate goal of achieving freedom of time through real estate. To learn more about him and his journey, visit NostressDTS.com. Having a hard time finding deals in today's market? If so, book a free strategy call with us in the link below to see how we can help you! Show Links: Book a free real estate investing strategy call! No experience necessary. Check out the Real Estate Investing School Youtube Real Estate Investing School Instagram Brody's Instagram Joe's Instagram Cash Flow Cowboy's Instagram
Hello everyone, I'm Ben and I'm thrilled to be here today. I run an online personal training and life coaching business where I aim to transform lives in a holistic way. I specialize in creating tailored workout routines, providing essential nutrition advice, building strong communities, and offering life coaching. Connect with Ben: IG: https://www.instagram.com/benj.hoangfit/ Website: https://www.empoweredxcoaching.com/ From James: Earn Your First $500/mo. of Passive Income in 5 Simple Steps (profityourknowledge.com)
I use intuition in my business all the time and it's been such a powerful tool for me. Joining me to talk about how to tune into your intuition and start using it in your business is Victoria Dioh. I'm fascinated by Victoria's life and career, she always has incredible stories of things that have happened to her from following her intuition and saying yes to opportunities. What You'll Learn In This Episode: - Intuition might be something you've not yet explored, so today Victoria shares how you can learn to merge your intuition with your logical mind to make some magic. - How Victoria moved away from a corporate career and became a healer after following a string of opportunities that took her around the world. - Victoria's method to help you fall in love with your life, and why manifesting is nothing without action. - We discuss why logic isn't always enough, but by following your inner wisdom you can reach your goals. Resources: - Connect with Victoria on Instagram @manifestationkitchen - Download my FREE Launch Strategy Guide - Visit the website https://thatstrategyco.com/ - Follow me on Instagram @lisajohnsonstrategist - Follow me on Facebook @lisajohnsonstrategist - Join the discussion at @thefabulous5percent - Subscribe to my YouTube channel
On the show today is US based videographer Kennidy. I had the pleasure of meeting Kennidy in real life this past November at a workshop so it was really nice to have her on the show. We talked about the launch of her first product - a physcial book 'Mindset to Market' and her plans for future products.
EP 149 : Bronson Hill - How to "Fire Yourself" and replace your working income with passive income in 3 years or less. Bronson is committed to helping educate others about the benefits of passively investing in multifamily syndication. While most people have never heard of this, it allows individuals to own a piece of large apartment buildings, receiving outstanding tax benefits, and get great returns without the volatility of the stock market. We currently have 2000 units ($200M) and we are always looking for like-minded partners to invest with us. Check us out at https://www.bronsonequity.com HIGHLIGHTS IN THIS EPISODE 00:00 - Intro 01:03 - Bronson's Background 02:47 - Success or Seminar 05:30 - Defining Success 08:03 - Favorite Success 10:05 - Fire Yourself 14:48 - Inflation 17:33 - Fast Track Success 21:17 - Reading Hacks 24:08 - Abundance vs Scarcity Mindset 26:30 - Book and Tech 27:50 - Connect CONNECT WITH OUR GUEST: https://www.bronsonequity.com CONNECT WITH OUR HOST: Doug Clark is a husband of one, father of six, real estate investor, who is passionate about growth and living life to the fullest! His main goal is to create the life of his dreams and live it on his own terms. He intends on helping as many people as possible to realize this worthy goal for themselves as well. Reach out to him anytime to connect for any reason and you never know he may just have the answer you are looking for! His passions range from his family to being a Christian to studying and implementing success principles, technology, skateboarding, music, and martial arts to name just a few. https://www.linkedin.com/in/douglas-clark-a13a68191/ https://www.facebook.com/doug.clark.3785373 https://www.instagram.com/thedouglasbrianclark/
Recent financial management strategies aim to assist individuals and families in building wealth and attaining financial independence. One approach involves utilizing a whole life insurance policy for banking, offering tax advantages. The goal is to empower individuals to manage their finances effectively, ensuring economic certainty.Join us on Average Joe Finances as our guest Dr. Robert Scranton shares how using life insurance policies as a banking system can offer guaranteed returns, tax-free growth, and overall financial freedom. In this episode:Overcome the initial daunting perception and discover the fascination behind this unique financial strategy.Grasp the concept of "banking on oneself" through robust whole-life insurance policies with promising returns.Understand the strategy of "spending down every dollar earned" and the guaranteed returns on premiums.Discover the impressive tax benefits associated with Infinite Banking, often overlooked by beginners.And so much more!Key Moments:00:02:06 - Dr. Robert Scranton's Personal Journey and Career Shift00:04:54 - Challenges of Traditional Financial Planning00:07:57 - Exploring the Infinite Banking Concept00:08:50 - Real-Life Examples of Infinite Banking00:14:17 - Benefits of Infinite Banking and Double Dipping00:19:05 - Tax Benefits of Infinite Banking00:20:59 - Using Infinite Banking for Retirement Planning00:21:39 - Revised Retirement Plans and Living Longer00:22:13 - The Power of Real Estate Investments00:22:45 - Borrowing from Retirement Savings for Real Estate00:23:33 - The Benefits of Infinite Banking00:23:59 - Getting Started with a Policy00:24:25 - Understanding Policy Limitations00:28:06 - The Risks of Outstanding Loans00:30:16 - The Power of Spending Down Every Dollar00:32:04 - Selling Your Policy on the Secondary MarketFind Dr. Robert Scranton on:Website: https://www.yourfinancialiq.orgLinkedIn: https://www.linkedin.com/in/drscranton/Tiktok: tiktok.com/@robertscranton4Average Joe Finances®All of our social media links and more: https://averagejoefinances.com/linksAbout Mike: https://mikecavaggioni.comShow Notes add-on continued here: https://averagejoefinances.com/show-notes/*DISCLAIMER* https://averagejoefinances.com/disclaimerSee our full episode transcripts here: https://podcast.averagejoefinances.com/episodesSupport the show