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Episode: 141 Autumn Rankin Join your hosts, David Pere and Alex Felice, with their guest Autumn Rankin, as they speak about how a veteran nurse finds success in real estate and entrepreneurship. As you tune in, laugh and be awed while Autumn shares the beyond average stories of how she acquired the lineup of properties currently under her belt. When Autumn decided to quit her school in Anesthesia Nursing, she didn't know what to do next. It was all she worked hard for in years. Fortunately, somewhere in Hawaii, Autumn found a mobile home that caught her attention. A cashed-out 401(k), $10k worth of loan from a friend, and an impressive $20k furniture loan later – she closed down on her very first real estate investment. In this episode, listen closely to how her direct approach to dealing with sellers and attitude towards creating win-win situations becomes the common denominator of all the investments she succeeded in. The kinds of investment that not once required her 20% down. About Autumn Rankin: Nurse Practitioner w/ 18 years as a critical care nurse in ICU (neuro, cardiac, medical & surgical). ER (adult & peds), and PACU (adult & peds). Owner of NAPA Auto Parts Clyde & Coleman, TX (March 2019) Owner of Callahan Estates Mobile Home Park (July 2019) Recently sold a 2/1 flip in Lawn, Texas Owner of Moore Park- Mobile home park (November 2019) - Sponsor: Rentometer: https://www.frommilitarytomillionaire.com/rentometer-sponsor - Outline of the episode: [04:05] The 1st Investment – We had a day to get $45,000. [06:34] On getting triple net from renting out a commercial building. [08:18] What's a triple net lease? [14:08] The story behind acquiring a creepy mobile home park. [17:30] On personally linking to sellers and establishing a win-win deal. [22:32] Managing properties while working in ICUs; Acquiring a mobile home from someone in jail. [27:10] "Most people stop there, but not me." [32:30] Introducing yourself as the new management to tenants. [36:23] The kinds of deals to love… [39:34] "Read as many books as you can!" Resources: Instagram: https://www.instagram.com/queendoublewide/ Facebook: https://www.facebook.com/autumn.childersrankin LinkedIn: https://www.linkedin.com/in/autumn-rankin-8b5a0035/ Browse from BiggerPocket's Bookstore: https://store.biggerpockets.com/ The No B.S. Guide to Military Life - How to build wealth, Get Promoted, and Achieve Greatness, Book by David Pere: https://www.amazon.com/B-S-Guide-Military-Life-greatness/dp/1736753010 50 Things They Didn't Teach You in School!, Book by Tim Shiner: https://www.amazon.com/Things-They-Didnt-Teach-School/dp/1539357155 Follow Our Journey: Website: https://www.frommilitarytomillionaire.com/ YouTube: https://www.youtube.com/c/Frommilitarytomillionaire/ Facebook: https://www.facebook.com/groups/1735593999901619/ Instagram: https://www.instagram.com/frommilitarytomillionaire/ Grab your book copy of The No B.S. Guide to Military Life - How to Build Wealth, Get Promoted, and Achieve Greatness by David Pere: https://www.amazon.com/B-S-Guide-Military-Life-greatness/dp/1736753010 - Advice to an 18-20-year old: Read as many books as possible! - Recommended resource(s): 50 things they didn't teach you in school - Sponsor: Rentometer: https://www.frommilitarytomillionaire.com/rentometer-sponsor - Real Estate Investing Course: https://www.frommilitarytomillionaire.com/teachable-rei Recommended books and tools: https://www.frommilitarytomillionaire.com/kit/ Become an investor: https://www.frommilitarytomillionaire.com/investor/ - SUBSCRIBE: https://bit.ly/2Q3EvfE - Website: https://www.frommilitarytomillionaire.com/start-here/ Instagram: https://www.instagram.com/frommilitarytomillionaire/ Facebook: https://www.facebook.com/groups/militarymillionaire/ - My name is David Pere, I am an active duty Marine, and have realized that service members and the working class use the phrase "I don't get paid enough" entirely too often. The reality is that most often our financial situation is self-inflicted. After having success with real estate investing, I started From Military to Millionaire to teach personal finance and real estate investing to service members and the working class. As a result, I have helped many of my readers increase their savings gap, and increase their chances of achieving financial freedom! - Click here to SUBSCRIBE: https://bit.ly/2Q3EvfE to the channel for more awesome videos! THIS SITE IS INDEPENDENTLY OWNED AND OPERATED. ALL OPINIONS EXPRESSED HEREIN ARE MY OWN. THE VIEWS EXPRESSED ON THIS SITE ARE THOSE OF THE AUTHOR OR THE AUTHOR'S INVITED GUEST POSTERS, AND MAY NOT REFLECT THE VIEWS OF THE US GOVERNMENT, THE DEPARTMENT OF DEFENSE, OR THE UNITED STATES MARINE CORPS.
As a board member of Biz Owners Ed, Tim is the epitome of an entrepreneur. With over 130 unique income streams, he has mastered the art of monetizing his ideas. In this interview, he talks about how to create just 1 more way to make money, and how to manage your own mental state by being kind. Enjoy!
We've all heard the adage about the importance of multiple streams of income. Today's guest takes that idea to a whole new level...From patents to books to real estate to businesses to licensing royalties, Tim Shiner is truly an investing and business Renaissance Man. And his most recent project is his biggest yet!On this episode, Tim tells us about how—as a "professional opportunist"—he has created dozens of income streams, how he manages his time to juggle all these projects, and most importantly, how you can start identifying opportunities in your life to do the same.Then we delve into Tim's latest project: He has purchased the exclusive rights to license dozens of products related to the "Tiger King" and Joe Exotic brands, sensationalized by the Netflix mini-series over the past several months.Tim tells us about how he hooked up with Joe Exotic's lawyers to negotiate the deal and how he's working with some of the biggest marketing companies in the world to monetize it.Make sure you listen to Tim's story about how he acquired the largest bus in the world, wrapped it in a controversial design, and drove it from Texas to Washington, D.C., to promote the brand!Are you looking for some inspiration for tackling big projects that might be a little bit out of your comfort zone? If so, this episode is for you!Check it out, and subscribe to the BiggerPockets Business Podcast so you won’t miss our next show!In This Episode We Cover:How Tim came to own the marketing rights to the hit Neflix show "Tiger King" and its star Joe ExoticBuilding dozens of revenue streamsBecoming a "professional opportunist"Why Tim believes money equals freedomHis unique real estate investing strategyThe tax advantages of having a side businessInventing a beer koozie and making royaltiesThe struggles—and benefits—of working with partnersAnd SO much more!Links from the ShowBiggerPocketsTiger KingSam ZellBiggerPockets Podcast 221: Buy and Hold Real Estate—What Works and What Doesn’t with Tim ShinerCheck the full show notes here: http://biggerpockets.com/bizshow57
Here is some of what you will learn: Outwork Everybody Work ethic and passion - hallmarks of superstars Leverage your assets How to get great advice Mentors come before money The value of salesmanship The value of owning a business The importance of being nice The mindset of a giver Time is the ultimate value The value of a Thank-You note The transfer of emotion To find out more about our guest:http://timshiner.com To find out more about partnering or investing in a multifamily deal: Text Partner to 41411 or email Partner@RodKhleif.com Join us at a Multifamily Bootcamp, visit: http://MultifamilyBootcamp.com Review and Subscribe
Tim is an anomaly. With over 100 streams of revenue, he has taken the term “mailbox money” to another level. President of PAR Products and C&C Products that represent over 35 product lines in 8 southern and central states in the security industry. Annual sales of over $40 million dollars. Tim has been in the security industry for 32 years, has had his own businesses for 20 years. Tim is best known for creating multiple streams of income. Endeavors include selling a promotional products business for $1 dollar to create a monthly 5 digit revenue stream. In addition, monthly revenue from 23 high end rental homes in Texas. Then creating a unique revenue stream for his wife Crystal who is a real estate agent when renters leave leases early. Quarterly revenue streams from patent pending and patented products mainly in the security industry. Revenue streams from written business books that go directly to charity. Tim’s business Philosophy is MALRRRR; Mentor, Appreciation, Leverage, Relationships, Revenue Streams, Real Estate, Royalties. Tim is excited to help young entrepreneurs because he was blessed to have amazing mentors at a young age that changed his business trajectory. In this episode, Tim walks through how he built the cashflow empire he has today. Not only has he built a successful string of companies, but he has also built an beautiful family with values.
Real estate investing for...appreciation? If you're like most investors, that may sound crazy. After all, isn't the goal of REI to create cashflow? Not necessarily, as our guest in this episode (Tim Shiner) explains. Tune in for Tim's defence of investing for appreciation, along with insights on how exactly you find the best investment markets for appreciation. We'll cover that and more - including multifamily failure and Water Knuckles (???) - in this episode. To hear it all, click "Play" in iTunes now!
What is the best way to get started investing in real estate? The problem with this question is that there are SO many different pieces of advice. That’s why we’re excited to bring you one of the most unique episodes of the BiggerPockets Podcast we’ve ever had. In this episode, Josh Dorkin is back—and he and Brandon deliver a series of interviews with some of the past guests from the BiggerPockets Podcast, including David Greene, Kenyon Meadows, Andrew Cushman, Arianne Lemire, Darren Sager, Ryan Murdock, Tim Shiner, Anson Young, Zeona McIntyre, and Ben Leybovich.In This Episode We Cover:Why live and rent with Tim ShinerDarren Sager on what real estate investing strategy to focus onHow to know if you’re ready with Ben LeybovichHow Zeona McIntyre converts any kind of property into rentalsAnson Young’s thoughts on when to tackle projects with grit and when to quitWhy Kenyon Meadows thinks you should find an in-person mentorDavid Greene’s “one thing”How Arianne Lemire analyzes a deal each dayWhy Andrew Cushman focuses on process rather than outcomeRyan Murdock’s concept of cash reservesHow to live-in flip with Mindy JensenAnd SO much more!Links from the ShowBiggerPockets ForumsBiggerPockets StoreBiggerPockets WebinarBiggerPockets EventsBiggerPockets Money PodcastBooks Mentioned in this ShowHow to Invest in Real Estate by Josh Dorkin and Brandon TurnerInvesting in Real Estate with No or Low Money Down by Brandon TurnerSet for Life by Scott TrenchUltimate Beginner’s Guide to Real Estate Investing by BiggerPocketsRich Dad Poor Dad by Robert T. KiyosakiLong-Distance Real Estate Investing by David GreeneEmerging Real Estate Markets by David LindahlMy Wife Hates Loves Rent Houses by Tim and Crystal ShinerEntrepreneurial Reflections by Jay RodgersHamburger America by George MotzNever Split the Difference by Chris VossExactly What to Say by Phil M. JonesHow I Turned $1,000 into Five Million in Real Estate in My Spare Time by William NickersonWay of the Peaceful Warrior by Dan MillmanFinding and Funding Great Deals by Anson YoungGrit: The Power of Passion and Perseverance by Angela DuckworthHigh Performance Habits by Brendon BurchardAlternative Financial Medicine by Kenyon Meadows M.D.Building Wealth One House at a Time by John SchaubThe ONE Thing by Gary KellerThinking in Bets by Annie DukeLiving with a SEAL by Jesse ItzlerExtreme Ownership by Jocko WillinkSo Good They Can’t Ignore You by Cal NewportMiracle Morning by Hal ElrodThe 4-hour Workweek by Timothy FerrissRichest Man in Babylon by George S. ClasonHow to Sell Your Home by Mindy JensenTweetable Topics:“I really don’t care that much if I’m negative or positive. My bigger thing is appreciation.” —Tim Shiner (Tweet This!)“You can’t do something until you are ready to do it.” —Ben Leybovich (Tweet This!)“Everything that we do has a process.” —Brandon Turner (Tweet This!)“You can go for an online course or YouTube videos, but you cannot replace that in-person mentor.” —Kenyon Meadows (Tweet This!)“Stop thinking that what you need is someone to hold your hand and walk you through this.” —David Greene (Tweet This!)“Daily, consistent action will lead to great results.” —Arianne Lemire (Tweet This!)“Focus on the process and not the outcome.” —Andrew Cushman (Tweet This!)“Failure is not a failure if you learn from it.” —Andrew Cushman (Tweet This!)Connect with the Guests (through BiggerPockets)Tim ShinerDarren SagerBen LeybovichZeona McIntyreAnson YoungKenyon MeadowsDavid GreeneArianne LemireAndrew CushmanRyan MurdockMindy Jensen
What is the best way to get started investing in real estate? The problem with this question is that there are SO many different pieces of advice. That’s why we’re excited to bring you one of the most unique episodes of the BiggerPockets Podcast we’ve ever had. In this episode, Josh Dorkin is back—and he and Brandon deliver a series of interviews with some of the past guests from the BiggerPockets Podcast, including David Greene, Kenyon Meadows, Andrew Cushman, Arianne Lemire, Darren Sager, Ryan Murdock, Tim Shiner, Anson Young, Zeona McIntyre, and Ben Leybovich. Click here to listen on BiggerPockets.
This week's guest is Tim Shiner of Dallas, TX and he's a pretty interesting investor. He owns businesses, class A rental properties and also works in tandem with his wife who is a real estate agent. Tim shares his strategy of how he only buys class A rental properties now and why he makes more money when his tenants break their lease early. Plus he has a crown royal tuxedo. What else do you need to know?
Tim specializes in high end SFR rentals, and contrary to popular belief, he prefers to buy his properties for the appreciation. He’ll even lose $200 to $300 per month if he believes the property will appreciate and be worth more in the long run. He also has another different strategy for when his tenants lease comes to an end. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “Buy quality, you’re never gonna regret it” - Tim Shiner Tim Shiner Real Estate Background: Specialize in high end Rentals in the Dallas,Texas market Creating a revenue stream for landlords from departing renters, with a focus on superior school districts for appreciation Has 153 doors, with 19 being high end residential and the rest multifamily Based in Dallas, Texas Say hi to him at Best Ever Book: Cash Flow Quadrant Made Possible Because of Our Best Ever Sponsors: Fund That Flip provides short-term fix and flip loans to experienced investors. If you're looking for a reliable funding partner, their online platform makes the entire process super easy, and they can get you funded in as few as 7 days. They've also partnered with best-selling author, J Scott to provide Bestever listeners a free chapter from his new book on negotiating real estate. If you'd like to improve your bestever negotiating skills, visit to download your free negotiating guide today.
In this Episode You Will Learn : Why you should pay close attention to deals in areas you are not familiar with. The type of areas that would be great for 1 bedroom apartments. The criteria to go by when checking demographics. Why investing in a town that has under 5k population is risky. What to pay attention to when the $/door is low. Why a 5 year balloon is risky at the current markets state. How and why you should learn from all of your failures. When you focus on failure and not your goals, you will not be able to achieve your goals. How to find your “Why” If you want to talk to someone you aspire, figure out a way to add value to them. Why you should have the mindset of giving. How to avoid negativity. Why you should invest in yourself and not others. Continue to learn, no matter how skilled you are. You want to steer a conversation with questions because you want to learn. How a Thank-you note can cause a huge impact. To be successful, it’s a process. It doesn’t happen overnight. Why you should create multiple revenue streams. The best revenue streams to have. Why you should learn from the competition. Connect with me on Facebook at Rod Khleif. Text Rod to 41411 or visit RodKhleif.com for a FREE copy of my book, “How to Create Lifetime CashFlow Through Multifamily Properties.” Our Guest You can contact Tim Shiner at: http://www.timshiner.com/ Want to build Lifetime Cash Flow from Multifamily Properties? If you’re committed to creating the life you deserve, we've created the best multifamily training and coaching program on the market. I personally coach you on your path to create the life of your dreams. I will help you CRUSH it in this business! - if you'd like to receive information about our program, text CRUSH to 41411 now. Recommended Resource Looking to invest in a multi-family real estate project? Want to partner with me personally on a deal? To schedule a time for us to talk click on this link: http://www.meetme.so/RodKhleif2 Review and Subscribe acquisitions, Tim Shiner, apartment investing, apartments, appreciation, Assisted Living, broker, brokers, business, cash flow, cashflow, commercial, commercial real estate, CRE, CRE investing, Defaulted paper, Donald Trump, entrepreneur, equity, Eviction, expert, experts, Foreclosure, funding, Hedge fund, investing, investing in real estate, investments, Rod Khleif, Rod Khleif Florida, Rod Khleif Real Estate, Riyad Khleif , manager, mergers, millionaire, multi-family, multifamily, Office, passive income, podcast, private lending, private money, property management, raw land investing, real estate, real estate broker, real estate cashflow, real estate coaching, real estate investing, real estate investor. Investing, REIT, Retail, Robert Kiyosaki, sales, Sales Coach, sales expert, Sales Training, Self Storage, Selling, Senior Living, Shopping Center, Short Sale, Suburban Office, syndication, training, value add, Repositioning assets, multi-family expert, multifamily expert, multi family investing, multifamily training
Tim has a different strategy than most of the guests that we've had on the podcast. Tim buys properties high end properties in good neighborhoods.. These properties don't cash flow that great, but that's not why Tim is buying. He's built a lot of wealth through appreciation and debt pay down.
A lot of people want to invest in rental properties, but a lot of people also fail when they jump in. Why? That’s the topic on today’s episode of the BiggerPockets Podcast, where we sit down with Tim Shiner to learn his story of going from zero to over 150 units and the lessons he picked up along the way. You’ll hear some incredible strategies for getting unicorn deals when there are multiple offers, the #1 most important characteristic Tim looks for when buying a property, and why he focuses primarily on “higher end” rental houses. You’ll love all the humor, wisdom, and knowledge Tim brings to the show, so sit down, relax, and be prepared to learn!In This Episode We Cover:How he got started buying quality real estateWhat makes his location specialWhy he doesn’t have a real estate licenseThe importance of looking at the “horizon” and the end goalA discussion on diversification on investmentsThe story of the “big white card board“Why you should focus on what you are better atTips for finding mentorsThe details on his 140 dealsInsight into the debate on high-end vs. low-end propertiesWhy he loves appreciationTips for partnering with your significant otherA discussion on buying your kid a propertyHow he finds dealsWhy you should set a goal, achieve it, and reward yourselfAnd SO much more!Links from the ShowBiggerPockets ForumsBiggerPockets WebinarBe a Guest to the ShowSchool of Life PodcastControlUberBooks Mentioned in this ShowElon Musk by Ashlee VanceRich Dad Poor Dad by Robert KiyosakiRich Dad’s CASHFLOW Quadrant by Robert KiyosakiThe 10X Rule by Grant Cardone50 Things They Didn’t Teach You in School by Tim ShinerTweetable Topics:“Nobody cares as much about your investments as much as you do.” (Tweet This!)“The goal is to get as many checks coming in the mail as possibly as you can.” (Tweet This!)“If you have a strong enough ‘why’ while you invest, that will plow your way.” (Tweet This!)“Set a goal, achieve it, and reward yourself.” (Tweet This!)Connect with TimTim’s BiggerPockets ProfileTim’s Company Profile