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In this episode, Mike Marino and Tyler Sheff discuss under-the-radar tips on how to make money from the upcoming secret tsunami.
In this episode of the Cash Flow Guys Podcast, co-hosts Tyler Sheff and Mike Marino tackle the crucial topic of overpaying for properties and its detrimental effects on cash flow. They delve into common mistakes such as overestimating property value, accepting misleading projections, and underestimating expenses. Tyler and Mike provide listeners with practical solutions, including utilizing income and expense verification tools, questioning appraisals, and obtaining accurate cost estimates. They also explore alternative options if you've already overpaid, such as repurposing properties or expanding square footage. Join Tyler Sheff and Mike Marino as they share invaluable strategies for safeguarding investments and maximizing cash flow in the real estate market.
In this episode, Tyler Sheff shares his experience with utilizing the Airbnb platform to generate extra income from a rental property. He had a tenant who was having trouble paying rent, so he offered to renovate the apartment in exchange for exclusive control of the property for eight months of the year. Tyler and his team spent $3,000 to renovate the apartment, and then he rented it out on Airbnb for the remaining eight months, generating significantly more income than he had previously. Tyler eventually ended his arrangement with the tenant, but he continued to lease out the property on Airbnb and it became his top-performing apartment. Later in the conversation, pilot Mike Marino discusses how he has been able to generate income by leasing a four-bedroom house to fellow pilots who need a place to sleep between flights. He chose to lease instead of buy because he wanted to maintain control of the property without taking on all the financial responsibilities of ownership. Tyler emphasizes that there is no one-size-fits-all approach to real estate investing, but it's important to consider all options before making a decision.
In this episode Tyler Sheff and Mike Marino interview the CEO of the coliving management company Homeroom.com which is a revolutionary coliving platform Coliving provides an affordable and convenient living option for millennials on the move. The platform offers private rooms, communal spaces, and all the necessary amenities to make life easier. With Homeroom.com, users can save time and money while exploring different cities, meeting new people and creating unique experiences. This platform has numerous benefits when it comes to coliving such as: increased safety, flexible rental terms, ability to live in a variety of locations, access to essential amenities like high-speed internet, shared spaces for socializing or work, cost savings due to shared utilities and more. Homeroom.com is an ideal solution for anyone looking for a hassle-free living experience without having to worry about long-term commitments or hidden costs. Dive in and take a listen!
In this episode, Mike Marino and Tyler Sheff explore the potential downsides to trying to do everything yourself rather than creating a team of people. They discuss how having a team allows you to have different points of view on a project and can help with collaboration and problem solving. They also point out that having a team can allow individual members to specialize in certain areas, allowing for faster problem resolution and better outcomes. Furthermore, they discuss how building a team can give you access to more resources, making it easier to get the job done. Lastly, Mike and Tyler emphasize the importance of communication when forming teams, as it is essential for successful collaborations.
In this episode, Mike Marino and Tyler Sheff discuss the building of our "Yellow Brick Road" within our investment fund.
In this episode of Cash Flow Guys Podcast, Mike Marino and Tyler Sheff are interviewing Isabelle Guarino from the Residential Assisted Living Academy. It's a unique niche never before covered in the real estate investing world. Isabelle's training helps investors learn how to purchase or build assisted living homes, which can generate double or more rental income than single-family properties. Dive into a deep dive with Isabelle to learn more about residential assisted living!
In this episode, Mike Marino and Tyler Sheff discuss the advice provided by Ken McElroy in regard to the current US economic conditions. In speaking with his network, the investment bankers seem to agree on a temporary "Pencil Down" strategy to see what happens in the US economic markets. Mike and Tyler are big fans of Ken and his advise and in this episode we discuss how you can leverage information like this to build great wealth during uncertain times.
In the real investing space it's critical to find a balance between patience and profits. In this episode, Mike Marino and Tyler Sheff discuss several examples of how establishing balance can help you achieve the success you never thought possible.
In this episode, Mike Marino and Tyler Sheff discuss the dangers of not reading documents before you sign them.
In this episode, Mike Marino and Tyler Sheff discuss the topic of highest and best use. Sometimes when you change the use of a property it can mean significantly larger profits for you.
In this episode, Mike Marino and Tyler Sheff discuss how the us versus them mentality can make or break your investment business
In this episode, Mike Marino and Tyler Sheff explore the many misconceptions about multifamily real estate investing.
In this episode Put my money where my mouth is – you'll learn that you'd better say what you mean and mean what you say or those around you will call you out! In episode 38 New Goals for 2022 I mentioned Quit Telling yourself you don't have enough time, to get up early if you have too and go to bed early & find your mojo. Two weeks ago Kurt came up to me and said, I listened to your podcast where your advice was to get up early and go to bed early, and he said why aren't you doing that? And I said, “well I got up early on Monday and I completed the bulk of the heavy tasks I needed to complete all before 8am! – Like that was going to impress him. Well, it didn't. Because the rest of the week, I didn't get up early. He said, so what happened to the rest of the week? This made me stop and think. The root cause in my head was I didn't have anything to focus on that would drive me out of my warm bed. Then he said, instead of going to the gym 3 days a week, why don't you go 5 times a week, that will force you out of bed. I said, “ok”. So last week I did go to the gym 5 days a week. However, in my head this issue is still not resolved. I do wake up early now meaning I don't fall back to sleep when Kurt leaves in the morning, but I still don't have a great routine nailed down. I also think that my routines got a little out of whack when life events happened and I'm not making excuses here but there's been a lot of change and new distractions in my life over the past several months and I think, I just lost my focus and I needed a reset. I think by having Kurt hold me accountable, brought this issue to light and now I can regain my focus and get back on track. Thank you, Kurt!! Then a couple of days ago I was listening to Shawn Yesner's Crushing Debt Podcast Episode 305 Always Sharpen Your Saw he mentioned that he too get's up early in the morning when there are no distractions and reads for 30-45 minutes to start his day. This routine lead him to read 52 books last year. That's 1 book a week! What a great accomplishment! That just inspired me even more to get up early! Here's the take away for me. I like to read in the mornings too, right before I head into the gym. But now instead of listening to Nickleback every day when I'm on what I call the eucalyptus (elliptical) machine I'm now listening to my favorite podcasts. I'm a serial learner to so I think I'm going to love this change! Thank you Kurt and Shawn for the inspiration. Ok, this next call out stung like a bumble bee. This one hurt but I loved it at the same time! I'm fortunate enough to be an Inner Circle member of a Real Estate mentoring team hosted by Tyler and Jill Sheff – you know the Cash Flow Guy or now known for teaming up with Michael Marino and putting together Key West Cashflow opportunities. This is a quaint small group, we've been together now for 2 years and we watch how everyone on the team, over time has grown and prospered in their in their business or real estate adventure. We have one note investor, 2 small business owners, Michael and Tyler are focused on multifamily/short term rental opportunities in Key West and I'm focused on owning or developing an RV park. No matter what everyone is focused on, each one of us learn from the other members every week. All of our sessions are recorded so that we can go back and review the content. Each one of us is encourgaged to help the others out when the content is relevant. We also post our topics of discussion prior to our meeting time so that Tyler and Jill can be prepared for what we want to discuss. It was my turn to have the floor and this I was giving the status of an RV park development project that I've been working on and we were discussing the marketing I was doing. Quite frankly, I told the team I wasn't getting the result I needed in my marketing. My marketing quite frankly wasn't aligning with my true desire to own or develop RV park. Tyler even spoke up and said, you're marketing is boring. I agreed 100% and put the kabosh on my marketing efforts. That's not to say, that my marketing won't come back in another form, I'm just switching gears. Then, Michael unmuted himself and ever so stoickly with no emotion said, Mechiel, I'm curious if you're really into RV Parks, why aren't you going to RV parks? He went on to say, I think of you like a gypsy because aren't you living in your RV right now? I'm not sure what my facial expression was at that moment,(but I intend on reviewing that recording) but I can tell you my heart stopped. I said to myself, he just called me out and he's right! I let him finish my perceived digging at me and my response was well you're right I can easily be a gypsy but I'm no longer an I and I have to consider that I'm a we but to your point, I will see what I can do and I'll talk with Kurt tonight. Michael went on to say, your houses are a both on short term rental so why not go stay at an RV park? Perhaps you'll find an owner that wants to sell or at least you'll learn more about what RV'ers want in an RV park. Why the heck didn't I think of this, is all I could think! This was such an easy solution and it was right in front of me. How did I miss that??? The next day, I got to thinking about what Michael did without him even knowing what he had done. I said to myself, I'm going to reach out to him and let him know, how grateful I was for him to speak up and call me out. As expected, he had no idea what he done, but I thanked him for pushing me and calling me out! Within the next few weeks, after a few things calm down and we can “get” a reservation at a local park, we are out of here! My goal is to do what I do best – go talk or interview folks on what they like about RV parks and what they dislike and I'll be talking with the park owners too, much like I did this summer in Iowa when I met Marta at Timberline Campground in Waukee. By the end of the summer, I'm sure she was tired of me but I learned a lot from her. So I'm off to research and find a park to visit! I'll see you next Thursday on the Fearless Innovator Podcast. Key West Cash Flow - Key West Cash Flow Tyler Sheff and Michael Marino Crushing Debt Podcast - Episode 305 - Always Sharpen the Saw Timberline Campground - Timberline Campground | RV Park
Today, is a new year and I wanted to reflect on 2021. I don't know about you, but I keep a diary of things I accomplish each month to ensure I align with my goals. What were my goals? I set goals each year related to business, personal and spiritual. Well, let's see how each month turned out. January – My first short term rental Iron Horse Acres, was setup and running and I was working on getting my 2nd short term rental setup. February – Went to the Daytona 500 with my girlfriend Brenda Veldman and reconnected with Kurt Kalbach– whom I hadn't seen in over 35 years. I also attended the women's Beautiful Conference at Grace Family Church in Lutz. March – I was working hard on getting Iron Horse Acres Too setup. Getting a house setup for Short Term Rental takes a minute. Making sure the house is stocked with everything, like you lived there. I used Andrea Bryant from Staged Right, LLC to assist in decorating my house. I can't draw stick people let alone decorate a house. Setting the App platforms are a bit of work too. After the house was completely decorated, then I hired FireLight to come and take the professional pictures. Cell phone pictures don't cut it, you must have professional pictures done. I decided on 2 platforms. I did one first, tweaked it the way that I wanted and used it on Iron Horse Acres first. Then once it was tested by my guests, then I setup the 2nd platform. Now I had 2 platforms and 2 houses. At one-point last year, I had double booked some guests – SO, then it came time, and I implemented a new software which at the time was called SmartBnb, which is now Hospitable. Hospitable integrates multiple platforms so your calendars are now in sync, so you won't make mistakes like double bookings. Hospitable is also great for canned messages. This saves me a lot of time communicating with my guests. They now get timed messages prior to arrival, during their stay and at departure. It ensures I don't forget to send my guests a message. April – I had made the decision to go home and see my mom for the summer. I had planned on going home in 2020 in my RV, but that nasty virus shut me down. This year, I was going to make it happen! I planned to leave in June. I made a short trip home in April to see my mom and to see Kurt. I also made the decision well; I was highly encouraged by my real estate mentor Tyler Sheff that I should begin podcasting. He felt that I had a voice, and I was a great storyteller. Although I could agree on the story telling part, I wasn't quite sure what my focus was. He told me to just “Start Ugly” and encouraged me to read Chris Krimitsos book called Start Ugly. After reading his book, it totally aligned with who I am and so came up with the Fearless Innovator because I felt that described who I was and then I began talking to myself behind a camera and microphone, much like I'm doing right now. My focus was centered around my book that had been launched in October of 2020, entitled Why My J.O.B. Quit Me, jump-start your Firing. I wanted to inspire people with my stories of the lessons I learned growing up on the farm and how I took those lessons and applied them to my corporate job in IT and how it ultimately led me to become a real estate investor. May – Iron Horse Acres Too launched and now I had 2 short term rentals! My Fearless Innovator Podcast launched on Apple Podcast and Spotify! I was now earning cashflow on 2 properties and was free to travel for 3 months while earning cashflow! June – I left Florida with 13 of my Latino friends, we called ourselves the Insane Wanderers and we trailered our bikes to Laconia NH Bikefest where we met up with Kurt. Kurt had ridden his bike from Iowa to NH to join us for bike fest. This was my first time to the northeast on my bike. We traveled through 12 states and road at least 2000 miles in a week. The Kancamagus Highway even though we road it in the rain, had amazing scenery! After one week of riding, Kurt traveled back to Florida with me and within one week we did a turn and burn, loaded up the RV/Toy hauler with our bikes and 2 cats and we headed home to Iowa for 3 months. Once we arrived in Iowa, we unloaded the bikes, and the toy hauler was now converted into my office so I could continue with my real estate business. First agenda item, Go see my mom!!! I saw my mom every week, sometimes twice a week! Unfortunately, she's in a nursing home now, but I made my mom a priority for 3 months. Great news is she's doing great, and we laughed a lot! Second agenda item! I Fired MY CPA! There comes a time when in business you just don't see eye to eye and it's time to make a change. That change was made and now I have a CPA that aligns with my real estate business. July - I joined two Real Estate Investing Groups while in Iowa. FIRE – Financial Independence Retire Early Local Meetup hosted by Ryan Renze and the DSM Real Estate Investing Meetup – Hosted by Mitch Coluzzi. My goal was to learn more about the DSM area Real Estate Market and learn I did! The best thing I can tell you about real estate is that no matter where you go, if you just get involved and put yourself out there, you can go anywhere you want and learn what you want in real estate. I met the most down to Earth, knowledgeable people in Iowa. It would have been extremely easy to put a team together there and do business. As it was, I met this dynamic duo young couple Tyler and Allyson. They were both working J.O.B's but they had already begun their journey in real estate and I'm confident if they stay focused, they will be out of the rat race before they hit 30! Super excited for them! I flew back to Florida for quick trip to go look at an RV Park in Perry, FL that was for sale. It was 8 acres with the potential of 20 more acres. He had 10 sites setup but not operational. I met with the owner but after a short time, I wasn't able to come to terms. He eventually sold for his asking price, but I just learned the other day, that the guy who bought has lost his shorts. Note to self – this one may be worth looking at in the near future! For fun in July – We went to a Goodguys Car show with Kurt's 79 Trans Am, visited 7 Freedom Rocks with my cousin Stevie, Went to Prairie Meadows Horse track, went to my first dirt track ARCA race and an Iowa Cubs game, First Kopaska Family Reunion. Checkout Fearless Innovator - Episode 27 – You Only Die Once to get a better understanding of everything that happened this summer. Let's just say, there's no grass growing under my feet! August – I had the pleasure of speaking at the FIRE Meeting. After attending the meeting, I learned it was a relatively young audience, so I chose to inspire them with my story about Financial Independence that I shared with you in Episode 24 – Financial Independence. My sister Melissa came to visit us from AR, Lantern Festival, Visited Templeton Rye Distillery, Iowa State Fair, kayaking with Kurts's sister Julia and her husband, won a partition lawsuit (that story is for another podcast). September was a big month! I got engaged to Kurt! Rode my bike to the Field of Dreams, saw the Antique Archelogy or the Iowa Pickers as you may know them and drove my 1st Nascar! October – It was time to head back to Florida but not after visiting 65 of the 99 Iowa Freedom Rocks, mostly on our motorcycles. We put over 3000 miles on our bikes this summer looking at Freedom Rocks. Kurt moved to Florida! Now, instead of Kurt attending church online, he now joins me weekly for the in-person services! November – Well everything slows down over the holidays, but we focused on enhancing Iron Horse Acres for the impending busy season. The house got new paint, Kurt built a large wood fire pit in the back yard, fences were pressure sprayed and trees were trimmed, enhanced the pool with a heater all just in time for our short-term rental guests. You may be thinking, where are you living right? Great question! We are still in the RV and living in the barn! This just isn't your regular barn, ours has a nice extended living room area, my office and a patio out back. We are capitalizing and being capital pigs and loving life and meeting awesome people that come from up north to escape the cold! I attended my first PodFest Origins in Tampa! December – After attending PodFest Origins, I learned I have A LOT to learn in the Podcasting space, so I hired Bruce Wawrzyniak as my Podcast mentor. He has helped me make significant changes to my podcast show. I now have a new tagline and a new focus! I'm focused on sharing my journey on how I went From Cubicles to Cashflow. Checkout my new thumbnail! We enjoyed the Christmas season with my sister Melissa. I have been focused on my real estate adventure and clearly, it's an adventure, but more like learning every day something new in real estate! I'm excited to share with you in my next episode what my goals are for 2022. I do not do resolutions, only goals! I'll see you next Thursday on the Fearless Innovator Podcast. Www.fearlesssinnovator.com Email me at: Info@fearlessinnovator.com Grace Family Church (gfcflorida.com) Firelight - Firelight Images Staged Right - Staged Right Order: Why My J.O.B. Quit Me; Jump-start your firing Laconia Motorcycle Week® FIRE - Financial Independence Retire Early Local Meetup DSM Real Estate Investing Meetup Vacation Rental Management Software | Hospitable Fearless Innovator Episode 24 –Financial Independence | Podcast on Spotify The Freedom Rock | Facebook Artist: Ray "Bubba" Sorensen II - The Freedom Rock® Chris Krimitsos - Start Ugly - Start Ugly Bruce Wawrzyniak - Now Hear This Entertainment www.NHTE.net Bruce Wawrzyniak – Catholic Sports Radio Catholic Sports Radio Insane Wanderers – Fearless Innovator Episode 27 - You Only Die Once You Only Die Once Tyler Sheff - 7 Things That Will Cause You To Lose Time & Money in 2022 Tyler Sheff - Key West Cash Flow - Key West Cash Flow
On today's Bad Beats episode of The Real Estate Nerds Podcast, Some of you may already know Tyler Sheff from his podcast, The Cashflow Guys. Today, he has joined us on The Real Estate Nerds Podcast to share one of his legendary worst deals. Tune in to Episode 51 of The Real Estate Nerds Podcast now to hear Tyler's full story and the full breakdown of his Bad Beat.Listen To Episode 51 of The Real Estate Nerds Podcast NowTyler Sheff on the Value of Processes and Sticking With Your TalentsOur host and attorney Scott Smith welcomes “Cashflow Guy” Tyler Sheff to the show. Tyler has chosen to share about one of his worst deals today.[1:00] Scott invites Tyler to share a bit about his background before they dive into his worst deal. Tyler describes himself as a “recovering house flipper” who made a lot of money, and also got hit with a massive tax bill once the money started rolling in in the early-mid 2000s.[2:30] Tyler quips: “Back then I used to think that my charm had an effect on the IRS. Turns out, they don't really care.” After paying a six-figure tax bill, Tyler resolved to learn more about building wealth and shifted his attention to buy-and-hold investing in 2012.[4:00] Scott asks about the beginnings of Tyler's worst deal. Tyler opts to introduce it with another side story, pointing out that most of what he does now is teaching others about investing. He negotiated what he thought was a great deal on an off-market fourplex, and had attorneys draft closing paperwork according to a partner's requests. They closed and began renovations, which essentially doubled the value of the property. Only when he went to sell the building did he realize the other party had never signed their agreement with him. “They literally stole a $400,000 building,” Tyler points out--adding that he did all of the work and saw nothing for it.[7:00] Scott asks Tyler what got him so motivated that he overlooked aspects of due diligence like checking signatures. Tyler points out that, “If you're smart, you learn your lesson and put systems in place” to avoid repeating mistakes. Tyler believes his biggest failure was ignoring his own systems. Scott agrees that ultimately, a business's systems are what will allow it to grow.[10:00] Tyler emphasizes the importance of sticking with what you're good at in investing: “Investors should pick a piece that they're good at and stick with it.” He and Scott point out that this is partially the role of real estate professionals--to keep investors on the track of looking for new deals or otherwise doing what they do best.[12:00] Tyler points to some of his experience as a licensed real estate agent, and what he does in “realtor mode.” The two investors talk about what a debacle closing becomes when nobody has a good process “checklist.”[Tweet "“Investors should pick a piece that they're good at and stick with it.” - Tyler Sheff, Episode 51 of The Real Estate Nerds Podcast"]A Victorian Dream Home Turned Worst DealScott and Tyler get into the details of the Worst Deal Tyler came onto the show to share today. They go through every twist of what went wrong.[14:00] Scott asks Tyler to set the stage for his worst deal. In 2001, Tyler found a listing that was on the market for $40,000: A 3,000 square foot Victorian home in a nice neighborhood. Tyler believes the property would have been worth roughly $350,000 in “fixed-up condition.” He had one friend front money, while Tyler went out and found opportunities and handled sales. They had a second partner who was a contractor. Together, they were cash-buyers. [16:00] When the young partners arrived on the property the next day, there was a literal crowd. Tyler approached the agent, offered $50,000 and to close in a week, and the deal was as good as done right there. “Deal of the century right? Well, from there it proved otherwise.”[17:30] Tyler had been a police officer in the same town where the property was. One day, he was at the property waiting for a material delivery. Home Depot claimed they had delivered the materials, but provided the wrong address, stating that Tyler's partner had come in and changed it. Tyler discovered the contracting partner was embezzling from his company. Tyler and the banking partner realized they had been wiped from over $300,000 in the bank down to $10,000. They had the option to sue, but soon realized they couldn't serve the partner, who had run back to his home country of England.[19:30] The partner who had embezzled from Tyler and his partner attempted to slow actions against him by reporting the pair to to city for his own contracting negligence. However, Tyler and the other partner soon discovered his contracting was part of the con as well. They had never bothered to verify his license because he was a friend.[20:30] The City Inspector comes to the house based on the ex-partner's report, only for Tyler to realize he knew her from having arrested her son on drug charges. Tyler demanded the City send a new Inspector. However, the first one had already found Termite Damage and the City issued a demolition order.[22:40] Scott recaps Tyler's story so far which includes: 1. $290,000 literally stolen from him by a partner , 2. A crazed building inspector with a personal vendetta against our dear investor busting up the building in his absence. And all of this took place within about one week.[23:40] Tyler explains how he essentially put every spare dollar into this building for the next few years. It took time, but they solved the property's problems in small increments, one at a time.[26:20] Scott asks about how Tyler got the City on his side when he wasn't in a great position and how he developed that relationship. Tyler credit's brutal honesty--that at no point did he try to lie his way out of his problems--with helping cultivate that relationship. He was also highly respectful in his dealings, albeit blunt that he had a “colossal nightmare” on his hand. [29:30] When Scott expresses amazement at some of the relationships Tyler built under these circumstances, Tyler explains: “I was humble, and I truly believe the best in people.” He also believes most people are generally agreeable face-to-face, and will help you if you're determined.[31:50] Scott points out that vulnerability and honesty are often the keys to human connection. Tyler makes a parallel to the court system. Scott shares an anecdote that highlights Tyler's point. What won the case Scott talks about was just reasoning with the judge in a basic, “two guys talking” way.[35:30] Scott wonders if connection is its own kind of revenue. “Absolutely,” Tyler says. “Any time you're working face-to-face, you'll be more successful.”[36:30] Tyler's property ultimately never profited. Proceeds from the sale went towards paying back the partner who acted as the bank. They were proud of the quality of the job they did with the rehab, and he believes the buyers got a great house. “We left it better than we found it,” he says.The Take-AwaysScott and Tyler each share their favorite take-away from Tyler's Bad Beat story.[38:00] Scott's take-away is the fact that he credits Tyler's success with his ability to stick to his word.[38:30] Tyler's take-away is simple: “Never assume the answers to the questions that you haven't yet asked.” Scott agrees, and takes it a step further, encouraging investors to hear “no” more times than they think is necessary before accepting it.
"Anybody that has an impact on your asset, how you deal with them, can absolutely make or break the deal." -Tyler Sheff Today I am interviewing Tyler Sheff. He is a licensed Realtor in Key West, Florida at Future Home Realty. He has over twenty years of real estate experience as a Flipper, apartment building owner, a property manager, realtor and an owner of mortgage debt instruments. He is also the creator of Cash Flow Guys, an educational platform that teaches investors the ins and outs of real estate without the get rich quick motto. He is an investor, educator and runs the popular podcast show "Cash Flow Guys, Learn to Earn." Tyler Sheff: Was introduced to real estate at a young age by watching his mother who was a broker, conduct real estate transactions in the seventies and eighties. He went to the Army and became a military police officer. After his tour was over he returned to the states and became a car salesman, but hated it and went into the service industry of car sales. After realizing it wasn't for him, Tyler teamed up with his mother and began his real estate journey as a flipper. Now he is a sought after real estate problem solver, educator and mentor. TOPICS COVERED IN THE EPISODE: How did Tyler become interested in real estate What investing was like in the eighties How Tyler began investing with his mother Why he began house flipping Why don't some people loan to Flippers Why flipping works until it doesn't When a partnership goes wrong Why you should never hire unlicensed contractors Always do the right thing The importance of education and network Bruce Norris Never stop asking questions How to navigate the Key West, FL market Find the problem and fix it The Airbnb market and serving a different type of tenant Key West regulations on short term rentals Is the industry moving away from preferred returns Syndications vs funds How culture changes create value Facts over faith Why you need to immerse yourself in the culture of a market The goal should be to duplicate what you net, that is financial freedom What is a professional real estate investor Listen now on Spotify or Apple iTunes or watch on Youtube to find out how Tyler found his Real Estate Breakthrough! The Real Estate Breakthrough Show with Christina Suter is where we talk about the reality of real estate, the mindset you need and the tips and tricks to get you moving forward in investing. Join us every week and learn everything you need to know to invest in real estate education and create real wealth for a lifetime. Find out more about Tyler here: Website CashFlowGuys.com Phone 305-222-7081
Join Ramsey Blankenship with his guest, Tyler Sheff, as they talk about creative ways to work with brokers. Tyler is the Chief Executive Officer at Cash Flow Guys, educating people on investing in real estate and building long-term wealth. The company treats each client as a student, giving them the necessary tools to succeed as a real estate investor from the ground up. After all, their mission is to simplify the process of buying and selling real estate. Here's a breakdown of what to expect in this episode: Transient licenses and the evolution of short-term rentals through the years The power of population control on the value of properties in a specific area How having more money is not as crucial as being able to close when bidding Why knowing your market is essential in becoming a qualified buyer nationwide The value of covering commission costs when putting a deal together And so much more! ~ About Tyler Sheff: Tyler Sheff grew up in Hamburg, New York, before settling in Tarpon Springs, Florida. Tyler has a varied professional career, from serving as a US Army Military Police soldier and a Florida Certified police officer and firefighter. He even worked as a contractor, repair technician, and boat captain for a while, contributing to his success today. Tyler often took advanced courses in real estate and investment techniques during his free time on the various NOAA Ships such as Ka'imimoana, Nancy Foster, and Okeanos Explorer. He also studied real estate law and settlement procedures in-depth, solidly equipping him to help clients with various real estate challenges and potential roadblocks. His passion for real estate and philanthropy stems from a diverse portfolio of invaluable professional experience. And in addition to teaching, Tyler actively volunteers in his community, remaining extremely involved with Habitat for Humanity and numerous other charities, including raising awareness for children with cerebral palsy. ~ You can find Tyler Sheff on . . . Website: https://tylersheff.com/ Facebook: https://www.facebook.com/tylersheff LinkedIn: https://www.linkedin.com/in/tylersheff/ YouTube: https://www.youtube.com/channel/UCfw4b9HYSuVq9hnuRDs83pg Twitter: https://twitter.com/tyler_sheff ~ Connect with Ramsey! Info Page: https://www.flowcode.com/page/ramseyblankenship Website: https://realfocus.org/gorilla-state-investing-podcast/ Investor Registration: https://realfocus.org/investors/
One of the promises that I made at the beginning of the year was that we would talk a lot of real estate. I get a number of people that reach out to me from time-to-time and many I don't bring onto this show. However, a select few do make it. So far this year, we've had on Peter Kim, Damion Lupo, Cory Fawcett, Mark Podolsky, and Larry Harbolt- some physicians and some not to edumacate us on real estate and their experiences. Our next guest is a fellow podcaster. He is a US Army Gulf War Era Veteran, originally earned his Florida real estate license back in year 2000, he also owned and operated a trucking business, worked as a local Police Officer, Charter Captain and Chief Boatswain aboard a US government research ship. In October 2014, he jumped into helping others learn about real estate investing and share his glorious successes and smashing failures. Please help me welcome Tyler Sheff of The Cash Flow Guys podcast. In this podcast you will: Discover why Tyler left a 6 figure job to persue real estate in 2012 Receive the biggest tip Tyler received when it comes to closing a real estate deal (HINT: you will be suprised how easy it is) Collect tips in ways to reduce your taxes with real estate Gain Tyler's insight on financial freedom and how he feels he has or has not gotten there yet... Acquire Tyler's equation for maintaining a positive cash flow on any rental property For all the show notes, transcription and more, check out the podcast website at http://doctorfreedompodcast.com/
Want to retire n style but don't know where to begin? How can you create wealth from little or nothing? Is passive income an urban myth? Learn from these five investors the meaning of wealth and how they went from zero to hero using real estate investing. This is a highlight reel from five earlier podcasts featuring real estate investors, hard money lenders and financial planners. If you like what you hear, follow these links to the full episodes: Tyler Sheff - The Cash Flow Guys, led by Tyler Sheff, is a one-stop access to just about every type of #realestate service you'll need to find deals, fund them, grow, and succeed as an #investor. Marc Savatsky - As a Boston-based developer, Realtor and licensed contractor Marc Savatsky knows real estate. Marc specializes in identifying and assessing development sites, historic restoration and adaptive re-use, financial modeling, zoning analysis, project permitting plus construction cost estimating and project management. Tylene Henry - Preparing for that next step in life isn't always easy. Tylene's combination of experience, professionalism and access to a wide variety of products and services can help you meet your financial goals, estate strategies and insurance needs. Whether your goals include preparing for milestone life events like retirement or college, or whether you're simply looking for life, disability income or long-term care insurance protection, she promises you a new level of attention, insight and capability. Contact Tylene to discuss your financial future. Nick Aalerud - An established entrepreneur, speaker, and owner of several businesses, Nick prides himself on sharing with individuals his challenges, his successes, and his ongoing education in everything he does. Ann Bellamy - Providing short term funding for rehabs pre-stabilized multi-family properties to investors in Southern NH and Eastern and Central MA, as well as transactional funding for short sales and REO flips.
Finding problems instead of properties is a new way of thinking about this business. My guest today is the host of the “Cash Flow Guys” podcast, Tyler Sheff, and he's going to challenge your way of thinking about real estate investing. His philosophy is finding and solving problems will make you wealthy in real estate investing, and I couldn't agree more. Show Notes Here is just some of what you will find in this show: How Tyler got started; his unusual path to becoming a real estate investor Marketing: Where most of Tyler's leads come from today (it's not where you think) Why Tyler chose multifamily investing over single-family properties The reason he invests in “C” level neighborhoods when most investors avoid those areas How to maximize your cash flow and your profitability as a landlord Building a team Building wealth with your Roth IRA And much more! Here's Another Show for You Featuring Tyler Sheff Achieving Financial Freedom in 11 Months with Tyler Sheff. JUST CLICK HERE to listen. .
It's a tough time to find cash flowing anything right now, which is why I wanted to hear more about how the big boys are doing it. Here I interviewed Adam Ulery of Dreamstone investments, and discovered that utilizing the team within investment funds isn't as scary as I once thought. In fact, I can learn a lot from them. Interested in talking about opportunities? Schedule a call with Tyler Sheff and Mike Marino at: KeyWestCashFlow.com/Call
In this crazy hot market, where can an investor still find cash-flowing assets? Not many, especially when you're alone. Real Estate Podcaster, Tyler Sheff has his eye on a national icon, Key West, Florida. His 20 years of experience in real estate management and investing has discovered tremendous opportunity, but at a high entry cost. The good news? Accredited investors around the country will be leveraging Tyler and Mike's team, pooling their resources to sharing all of this pirate island's bounty. More videos to come as Tyler shares how he sees opportunity when other's look the other way. Interested in picking Tyler and Mike's brain for your own advantage? Book a call with us at: KeyWestCashFlow.com/Call
Airline Captain and investor describes how using seller financing and networking has exploded his portfolio. Resort towns hold the most profitable potential, however no one has that kind of cash. That's why I've teamed up with Airline Captains and Tyler Sheff, the host of the Cash Flow Guys Podcast, to pool our resources and expertise and BUY KEY WEST! If you're interested in taking advantage of Tyler's experience and would like to hear more, schedule a call with me at LayoverMoney.com/ChatWithMike.
If you learn one thing from this show today, it is that achieving financial freedom is possible at any age and at any stage of your life. Here are some things you need to think about though. First of all, what does financial freedom mean to you? Have you clearly defined what that looks like for you? If you have, do you have a plan for achieving financial freedom? If you don’t, you’re definitely going to want to listen to this show. My guest today is Florida investor, Tyler Sheff of the popular Cash Flow Guys Podcast. Tyler is a buy and holds landlord that specializes in small, multi-family properties. Tyler is going to tell you how he got seriously achieved financial freedom in just 11 months. You’re also going to learn why it’s never too late to start your journey to financial freedom through real estate. Show Notes Here are some of the highlights of this show: How Tyler got started in real estate His business model and why it works for him Tyler’s definition of financial freedom The “ah-ha” moment when he realized achieving financial freedom was possible much faster than he originally thought it was Building a runway; creating a timeline to get out of the rat race The steps he took to pay off his debt How he decided the amount of money he needed to live comfortably, and why you may not need as much as you think Why achieving financial freedom is possible even for someone even 50, 60 years old (and beyond) through real estate The systems Tyler put in place so that his business continues to run without him Tyler’s advice for anyone that wants to create their freedom plan Be sure to stop by the Louisville Gal’s Real Estate Blog and pick up your freebies! .
On this episode, we talk teams. Teams are key to your financial success as an investor. Tyler Sheff breaks down how he goes about finding the right members for his team. To view the full show notes, head over to notenuggets.com/teams
Tyler Sheff has done several creative real estate deals, currently and in the past. Tyler is a podcaster and a multifamily syndicator. He enjoys focusing on low income housing in Memphis TN... He raises private capital, pays 100% cash, repositions the asset, then he gets long term financing on the asset and returns the investor's capital. Another creative way Tyler is using now is purchasing NONPERFORMING NOTES of multifamily assets... to "go in the back door". Finaly, we discuss a creative deal he did was his personal residence he bought it for 200K, and walked away from closing with a check in his hand. Today his personal residence has 1) doubled in value and 2) making you a passive 5K a month. Tyler Tyler Sheff's Bio: Tyler Sheff currently serves as the Chief Executive Officer (CEO) at cashflowguys.com, a company which aims to educate their clientele in investing in real estate and building long-term wealth. Tyler is an investor, a syndicator, and a long term, licensed, Real Estate Broker. The Cash Flow Guys treat each client as a student, giving them the necessary tools needed to succeed as a real estate investor from the ground up. The Cash Flow Guys have one goal – to simplify the process of buying and selling real estate. Coupling his active involvement in real estate investments with his proven negotiation skills makes Sheff a valuable asset to any client. Originally from Buffalo, New York, Tyler Sheff grew up in Hamburg, NY before settling in Tarpon Springs, Florida. Also, please go to iTunes, right now, and leave us a positive rating! Links Discussed Meetup.com/ColoradoBrokersAssociation Please go to iTunes to leave us a rating and write a review. Each review helps us reach a larger audience with your episode (Creative Real Estate Podcast)
Want to avoid mistakes in Long Distance Investing? Download your FREE document at http://billykeels.com/7mistakestoavoid Episode 1: How to Achieve Financial Freedom Through Real Estate Investing In the conversation with today’s guest, TYLER SHEFF, you’ll learn the following: [03:31 - 06:15] Who Tyler is, and his life journey towards the successful position he is in now. [06:36 - 11:18] The differences between Cash-Flow investing and House-Flipping. and how Tyler sees Cash-Flow through Buy and Hold as the better choice in terms of how it allows a lifestyle with more time and freedom, less financial risk, and less tax to pay. [12:05 - 15:30] What busy European professionals can achieve from US real estate investing: Removing the risks of speculation, focusing on more dependable cash flow, and earning money every single month! [15:42-18:50] The biggest issue that needs to be understood and worked on in order to have a confident start in real estate investing. [19:19 - 23:02] What ‘Notes’ are, and how they can become an important part of your investor identity [23:19 -25:47] The mission and backstory behind Tyler’s website and Podcast, Cash Flow Guys. [26:34 - 30:36] What Tyler’s biggest mistake was, and how it has helped strengthen his character and improved his Company. Main take home: Watch out for and dont ignore any red flags, and make sure all the numbers are definitely correct! Here’s what Tyler shared with us during today’s conversation: He lives in Tarpon Springs, Florida Tyler’s top recommendation for learning about cash flow, the CashFlow 101 Board Game. [32:57 -35:18] Book recommendation: Equity Happens, by Robert Helms and Russel Gray Be sure to reach out and connect with Tyler Sheff by using the info below: www.cashflowguys.com Social media handle: @cashflowguys Start taking action TODAY so that you can gain more Education and Control over your financial life. To see the Video Version of today’s conversation just CLICK HERE. Do you want to have more control and avoid the mistakes that I made getting started in long distance investing? Then you can DOWNLOAD the 7 Mistakes to Avoid in Long Distance Investing Guide by clicking HERE. Be sure to connect with Billy! He’s made it easy for you to do…Just go to any of these sites: Website: www.billykeels.com Youtube: billykeels Facebook: Billy Keels Fan Page Instagram: @billykeels Twitter: @billykeels LinkedIn: Billy Keels
On this episode, we’re talking about the BIGGEST mistake active investors make when raising capital. Tyler Sheff shares his insight about the mindset shift investors need to make in order to raise more money than ever before. To view the full show notes head over to notenuggets.com/raising-capital.
In this episode of The Stark Group LIVE, Brian is joined in the airwaves byTyler Sheff. Tyler Sheff has been a real estate expert for more than a decade. Always looking for the opportunity to educate himself, Sheff put himself in a position to expand into the commercial, multi-family market with the acquisition of three apartment buildings. Tyler shares his business method of working smarter instead of harder. Other topics discussed include keys to unlocking the vault to raise private capital, and operating your business when you're based in a different location.
Managing your cash flow is very important in real estate investing. You need to know how to maintain streams of capital to buy good properties, offset debts, and make sure that your business stays afloat. There are many different strategies that you can employ to help you achieve your goals, but the question is – which one should to use? Which one is truly effective? The reality is that there is no silver bullet. There is no miracle solution that is everything you need to succeed. The right strategies for maintaining your cash flow and building wealth is a combination of strategies that cater to you and your business. You will make mistakes along the way as you find your own secret formula for success, but the most important thing is to learn from these mistakes. Income Property Expert, Tyler Sheff, admits that he had made a lot of mistakes when he was starting out. These mistakes kept him from having a successful real estate investing business and forced him to leave to find a regular job after the Housing Crash of 2008. Today, he manages a successful real estate business and he has founded Cash Flow Guys, an institution that focuses on educating people on how they can make a good start in real estate investing. In today's episode, Tyler shares how he finds investors, closes deals and manage his cash flow. He also shares some good insights on the Buy and Hold strategy and how he invests using 100% private capital. “You're not going to raise private capital off of a list." - Tyler Sheff On today's episode of Flip Talk: Tyler shares his real journey and what he learned from the housing crash of 2008. He explains why he has stopped flipping properties and how he manages his real estate deals with purely private money or capital. He shares his tried and tested methods to find private money investors. Tyler explains the importance of building a team and setting up the right systems to grow your business. He shares what he feels are the advantages of being a licensed real estate agent when closing real estate investment deals. Tyler's Advice for Starting Real Estate Investors Think bigger than when you began. Resources Mentioned: Secrets of Successful Syndication Free Live Q&A with Tyler Sheff Connect with Tyler Sheff: Tyler Sheff – Personal Website Tyler Sheff on Facebook Tyler Sheff on Twitter Tyler Sheff on Google+ Tyler Sheff on LinkedIn Tyler Sheff – Entrepreneurship Tyler Sheff – Real Estate Cash Flow Guys Cash Flow Guys on Twitter Cash Flow Guys on Facebook Cash Flow Guys on Google+ Cash Flow Guys on Instagram Email: info@cashflowguys.com Interact with Don and the Flip Talk Community Can't wait for Wednesday for another new episode of the Flip Talk podcast? Join Don and the rest of the Flip Talk community in our exclusive Facebook group to learn more about what you need to be doing to build your real estate investing business. Catch Don in one of his Facebook Live Q&As and gain more knowledge from interacting with your peers in this one-of-a-kind group. Be continuously updated about the ins and outs of real estate investing by subscribing to the Flip Talk podcast on iTunes, following the Flip Talk Facebook page, or browsing through our resources in our newly improved website.
Up close & personal with #TylerSheff and #cashflowguys #GetYourFILLPodcast
On this episode of Tech Guys Who Invest, Tyler Sheff from Cash Flow Guys shares so much valuable advice, it’s hard to break it all down in this description! Tyler starts by explaining why he focuses on cash flow and then covers everything from arbitrage and negotiation, to why it doesn’t matter that we’re at the top of a cycle. Tyler shares wisdom that comes with years of experience in all aspects of real estate. We think you'll love this episode as much as we do! It's $$$!
In this episode, I talk with Tyler Sheff of The Cashflow Guys about how to negotiate like a pro. We talk about: The "new" way of negotiations The #1 key to a successful negotiation How to become an expert negotiator If you're looking to get into house flipping or are looking for more tips on how flip houses more efficiently, then this episode is a must-see!
Tyler Sheff has over 17 years of experience in real estate, and invests for cash flow while helping others to do the same. He also hosts the popular Cash Flow Guys Podcast. Connect with Tyler Sheff: https://www.cashflowguys.com Connect with Seth Ferguson: http://www.SethFerguson.org http://www.ALBACapitalGroup.com
How does a couple make real estate feel so easy? Maybe it’s because they’re easy—after having seen so many challenges and done so much. We are back in Tarpon Springs, Florida with Jill and Tyler Sheff of Cash Flow Guys. Together, they invest in real estate, find property for other investors, and teach their methods to people who want to know their secrets. They also run the Cash Flow Guys podcast, and they’re about to launch another one called Cash Flow Road Show. They want to demonstrate how, just because you’re living in an RV, you don’t have to tighten the belt so much. You can actually have a residual income and live well. They also talk about a business profit killer that they have always avoided. And Tyler reveals a perfectly legal and reasonable method for getting rid of undesirable tenants. Maybe you could pull it off, maybe not. They are also staunch proponents of building a team—which doesn’t mean hiring employees. And where do a little boy named Tyler and an up-and-coming Jimmy Buffett fit in all this?
The Cash Flow Guys are a husband & wife real estate investment team in Tarpon Springs, Florida. Tyler & Jill Sheff are surprisingly easy and affable—which belies great insight and advice on getting past the problems of life and building wealth. Jill and Tyler are real estate investors, they invest in real estate for other people, and they even teach others to do what they do. They’ve both done a lot of things in their lives, including being a cop and working in the pits at the race track. Which one did which? Only one way to find out. Join us.
In this episode I continue my interview with Amanda Young and learn more about how this single soccer mom goes about buying houses after losing her job and while unemployed. Yes, you read that right, she lost her job, and THEN bought rentals! Amanda also dives into how she began to attract private money with no prior experience in doing so. Later in the episode; Amanda discusses how adding a partner to the mix (a local realtor friend) she was able to get more deals done in less time and with greater profits. Amanda loves to buy sinkhole homes for pennies on the dollar after she learned that most people (including me) are scared of them. Amanda has taken this niche seriously and for doing so, built herself a nice portfolio of rentals. She deep dives into the history and misinformation about buying sinkhole homes and how she has leveraged this knowledge to her advantage as a rehabber. Amanda has learned to look for problems and uses common sense and patience to orchestrate offers that sellers accept because they are custom to their situation. Many people think that all sellers want all cash. While its true that many sellers think they want or need cash the reality is that the sellers often don’t need cash at all, they need what the cash will do for them. I hear many people say that they don’t believe a seller will take payments for their home. Much of this belief comes from within your own system of beliefs, afterall, how can you predict what a seller needs or wants? Yes, many sellers may want and insist on all cash, however Amanda is yet another example of an investor who leverages problem solving into seller financed deals. I bet, if you believed it was possible you could structure seller financed deals, you would own a few seller financed deals. My beliefs have helped me structured tons of seller financed deals, some with no money down and / or zero interest! I believe these two episodes are some of the best content we have recorded, I hope you take the time to listen to them more than once.
Tyler Sheff is a US Army Gulf War Era Veteran and originally earned his Florida real estate license back in 2000. He concurrently owned and operated a trucking business, worked as a local Police Officer, Charter Captain and Chief Boatswain aboard a US government research ship, and in 2014 he decided to renew his real estate license in order to supplement his income while helping others learn about real estate investing. Tyler is the founder of CashFlowGuys.com and host of the Cash Flow Guys Podcast which is rapidly rising in the ranks to be one of the fasting growing shows in the iTunes business category. Tyler gains great enjoyment out of helping busy professionals achieve their wealth building goals by showing them how to invest in real estate passively and consistently far outperform the stock market in returns. An avid sportsman, Tyler spends his free time fishing, hunting and scuba diving and really gets a kick out of helping others realize their dreams and feeling better about themselves. What you'll learn about in this episode: Why Tyler Sheff began investing in flipping houses and “wholetailing” How Tyler's business is structured into two teams: multi-family and loan notes Tyler's advice and recommendations for new investors getting started in real estate Tyler's greatest career failure and the lessons he learned from the situation Why training and mentors are crucial to understand and navigate the real estate investing business How listening to Tyler's mentor helped him achieve the greatest success he's found in his career Which three things Tyler does every day to focus himself and put himself into a successful and productive mindset Which challenges Tyler plans to tackle going forward in the future What business-related and personal growth books Tyler recommends you read, and which business mentor Tyler has found the most success with What strategies Tyler recommends to master the critical skills.
Trying to come up with a way to reduce taxes, Tyler Sheff started researching how to do that legally. The only thing he came back with was buy real estate and hang onto it. That's what he started doing. Scott interviews real estate and note investor, Tyler Sheff, about some of the mistakes that he has made over the years, along with the multifamily market and raising capital. Tyler is a successful real estate investor and runs a podcast called The Cash Flow Guys Podcast. He focuses a lot on notes and multifamily, and raising capital in markets where a lot of people see some interest and where a lot of note investors are coming from. Love the show? Subscribe, rate, review, and share!Here's How »Join the Note Closers Show community today:WeCloseNotes.comThe Note Closers Show FacebookThe Note Closers Show TwitterScott Carson LinkedInThe Note Closers Show YouTubeThe Note Closers Show VimeoThe Note Closers Show InstagramWe Close Notes Pinterest
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Tyler Sheff helps people create cash flow with real estate. He removes all of the fluff and highlights the exact steps you need to be profitable, so that you build passive income and enjoy all life has to offer. He and his team provide lots of different services. One of the most requested is 'deal review'. This is where he helps people determine if a real estate opportunity is financially sound. Listen to this podcast episode to get more tips on being successful with real estate. Tyler provides a free course on his website about real estate investing. He is also launching an end-to-end course for new real estate investors at http://www.cashflowguys.com.
Tyler Sheff, Founder of CashFlowGuys.com is a Licensed Real Estate Problem Solver, Educator, Investor and Syndicator. Tyler has been involved in Real Estate for over 16 years and now maintains a 100% focus on investing for Cashflow and helping others do the same. As a Master Facilitator of Robert Kiyosakis CashFlow101 Game; Tyler hosts workshops to teach the busy people how to use what they have; to obtain what they need; in order to build passive income and escape the rat race. During This Show We Discuss… How to find wealth by finding problems, not just properties Where to find is the best place to find great investment properties How you can find great properties on the MLS, contrary to what others may say Where most of the REAL profit comes from in real estate investing How to know whether to fix and flip, or buy and hold How to maximize your profits as a landlord Some of the best places to get capital for investing How to use a 401k, stocks, bonds, or an IRA to get money to invest The benefits of finding a great local real estate investing group The best type of training for new real estate investors The type of team you should build when you're in the business of real estate investing The types of meetings and events you should have with your team regularly How to build your personal brand as a teacher in real estate investing Secrets to get the best deal when buying properties Secrets to get the best deal when selling properties The things people commonly overlook when rehabbing properties Things that people are surprised by when they get involved in real estate investing And much more...
Today we are joined by the Cash Flow Guy, Tyler Sheff! Tyler obtained his real estate license back in 2000 where he concurrently owned and operated a trucking business, worked as a police officer, and a Charter Captain and Chief Boatswain abroad a United States government research ship. He decided to renew his real estate license back in 2014 to supplement his income by investing in cash flow properties. To this day, Tyler loves educating and teaching others about real estate investing through his coaching program and his podcast called the Cash Flow Guys. Checkout today's show to learn the importance of hiring a reputable CPA and how to make a passive income through buy-and-hold investing!
Tyler Sheff, host of the Cash Flow Guys podcast, invited Jason Hartman on his show to discuss the different market types in the USA, and got some tips on remote managing as well. Jason explains that the stigma behind buying homes sight unseen, as well as self managing properties a thousand miles away, has abated some due to the wonders of technology. Key Takeaways: [2:12] What Jason learned when he owned properties in 11 states [7:08] Whether Tampa is a linear, hybrid, or cyclical market [11:34] Our brains relation to the number 3 and how it relates to Jason's diversification strategy [16:13] Jason's experience of beginning to self manage his remote properties [18:46] When tenants are connected directly rather than through a property manager they tend to take care of more things themselves [23:48] The need for standardized data when evaluating properties Website: Meet the Masters 2018 www.RealEstateTools.com www.CashFlowGuys.com
Tyler Sheff, host of the Cash Flow Guys podcast, invited Jason Hartman on his show to discuss the different market types in the USA, and got some tips on remote managing as well. Jason explains that the stigma behind buying homes sight unseen, as well as self managing properties a thousand miles away, has abated some due to the wonders of technology. Key Takeaways: [1:56] What Jason learned when he owned properties in 11 states [6:52] Whether Tampa is a linear, hybrid, or cyclical market [11:18] Our brains relation to the number 3 and how it relates to Jason's diversification strategy [15:57] Jason's experience of beginning to self manage his remote properties [18:30] When tenants are connected directly rather than through a property manager they tend to take care of more things themselves [23:32] The need for standardized data when evaluating properties Website: Meet the Masters 2018 www.RealEstateTools.com www.CashFlowGuys.com
Tyler Sheff, host of The Cash Flow Guys Podcast, invited Jason Hartman on his show to discuss the different market types in the USA, and got some tips on remote managing as well. Jason explains that the stigma behind buying homes sight unseen, as well as self managing properties a thousand miles away, has abated some due to the wonders of technology. Key Takeaways: [2:12] What Jason learned when he owned properties in 11 states [7:08] Whether Tampa is a linear, hybrid, or cyclical market [11:34] Our brains relation to the number 3 and how it relates to Jason's diversification strategy [16:13] Jason's experience of beginning to self manage his remote properties [18:46] When tenants are connected directly rather than through a property manager they tend to take care of more things themselves [23:48] The need for standardized data when evaluating properties Website: Meet the Masters 2018 www.RealEstateTools.com www.CashFlowGuys.com
Tyler Sheff - Founder of CashFlowGuys.com is a Licensed Real Estate Problem Solver, Educator, Investor and Syndicator. Tyler has been involved in Real Estate for over 16 years and now maintains a 100% focus on investing for Cashflow and helping others do the same. Brian Rutenberg - is an internationally exhibited painter based in New York City. He received his bachelor's degree in fine arts from the College of Charleston in 1987 and his master's degree from the School of Visual Arts in New York City in 1989. New Interviews, and Inspirational videos will be posted every week on my Youtube Channel! Just go here: https://goo.gl/EA9x6D Connect with Bert Martinez on Facebook. Connect with Bert Martinez on Twitter.
My guest in this episode is Tyler Sheff. Tyler is the Founder of CashFlowGuys.com is a Licensed Real Estate Problem Solver, Educator, Investor and Syndicator. Tyler has been involved in Real Estate for over 16 years and now maintains a 100% focus on investing for Cashflow and helping others do the same. As a Master Facilitator of Robert Kiyosaki's CashFlow101 Game; Tyler hosts workshops to teach the busy people how to use what they have; to obtain what they need; in order to build passive income and escape the rat race. Share your thoughts with me on Twitter @mclaubscher and Instagram @cashflowninjapodcast Click To Tweet: Why Money Is The Least Important Thing In A Real Estate Deal If you have enjoyed our podcast, please share with friends and family Please Subscribe, Rate, and Review on Itunes so more people can find us! so more people can find us! Interview Links: Cashflow Guys Recommended Book: Real Estate is a Team Sport by John Carney Support Our Sponsors Joint Ops Properties, have designed a system to take any beginner to an experienced deal making investor in the least amount of time, offering opportunities from basic education, coaching, bridge investing to turn-key investments in the cash flowing market of St. Louis, MO. www.jointopsproperties.com International Coffee Farms, Sustainable Income Through Offshore Sustainable Agriculture www.internationalcoffeefarms.com Audible, download any audio book for FREE when you try Audible for 30 days www.cashflowninjabook.com Thanks so much for joining me again this week. Have some feedback you'd like to share? Leave a note in the comment section below! If you enjoyed this episode, please share it using the social media buttons you see at the bottom of the post! Also, please leave an honest review for the Cashflow Ninja Podcast on iTunes. Ratings and reviews are extremely helpful and greatly appreciated! They do matter in the rankings of the show, and I read each and every one of them. And finally, don't forget to subscribe to the show on iTunes to get automatic updates, please follow me on twitter @mclaubscher and instagram, @cashflowninjapodcast. Until next time! Live a life of passion and purpose on YOUR terms, M.C. Laubscher
Buy Apartment Buildings for Nothing From the City with Tyler Sheff Jack Butala: Buy Apartment Buildings for Nothing From the City with Tyler Sheff. Every Single month we give away a property for free. It's super simple to qualify. Two simple steps. Leave us your feedback for this podcast on iTunes and number two, get the free ebook at landacademy.com, you don't even have to read it. Thanks for listening. Steve: Tyler Schiff founder of cashflowguys.com, is a licensed real estate problem solver, educator, investor and syndicator. Tyler has been involved in real estate for over 16 years and now maintains 100% focus on investing for cash flow and helping others do the same. Tyler's team help others to acquire, stabilize, and then provide clean, safe, affordable housing to those in need when it matters most. Boy, I have some questions about that, what a great job description. As the host of Cash Flow Guys podcast, teaches the public how to avoid the common pitfalls found in real estate investing, and inspires others to take massive action toward their goals. Tyler, it is such a pleasure for Jill and I to have you on the show. Tyler: Thanks guys I appreciate it. Jill: Glad you are here. Steve: That was an awesome big picture description, maybe you can tell us a little bit more about what you do. Tyler: Well Steve, this all started when I was working for the Federal government. I was out on a ship in the middle of the ocean as a merchant mariner and of course, your tax dollars were paying me way too much money. That was all great on the surface, it looked really cool on the top part of the pay check, but when the IRS got ahold of they said, "Oh, Tyler, thank you for your donation, sir." I was paying more in income tax than most people made for a living, it was kind of scary. Steve: Yeah, a W-2 can do that to you, huh? Tyler: Yes, it sure can, so I obviously need to find a better way. I come from a real estate background, I grew up in real estate with my mother. I have had my real estate license about 16 years now. I was on a little sabbatical, I was out there bobbing around the ocean and I had to figure out a way to legally, address the word legally, mitigate my tax obligation and then I discovered the power of passive income, that was the game changer right there. Steve: That's great. How long were you out there? Let's talk about the boat experience first. We are actively looking to buy a fairly large boat right now. Tyler: I spent 5 years working for the National Oceanic Atmospheric Administration, that's NOAA, that's who predicts your weather and all that. They have a fleet of ships that are based around the world, pretty much. I went to them with virtually no experience. I was a turner boat captain here in town, I did that part time when the real estate market was not performing to expectation in 09' and early 2010, I was out doing charter fishing for people and doing real estate while the market was at it's absolute worst. I got hired by NOAA because I am a US veteran and they give preference to US veterans for employment. It was pretty much a shoe in job. My first duty assignment, guys, was Honolulu, Hawaii. You can't really argue with that. Jill: Love it. Tyler: At the time it was ... NOAA, ironically, also runs the national marine fisheries. Being in the charter business, for taking people fishing, they had so heavily regulated the fishing industry, it made it harder and harder and harder to get people out on the ocean to take people fishing. Ironically, the government organization that put the charter business on hold, was where I wound up going to work, if you can't beat them, join them, type of a thing. I can tell you ... We could go on for hours about my experiences at NOAA, that was an absolute blast. I had so much fun working for that organization, a good group of people. Steve:
Buy Apartment Buildings for Nothing From the City with Tyler Sheff Jack Butala: Buy Apartment Buildings for Nothing From the City with Tyler Sheff. Every Single month we give away a property for free. It's super simple to qualify. Two simple steps. Leave us your feedback for this podcast on iTunes and number two, get the free ebook at landacademy.com, you don't even have to read it. Thanks for listening. Steve: Tyler Schiff founder of cashflowguys.com, is a licensed real estate problem solver, educator, investor and syndicator. Tyler has been involved in real estate for over 16 years and now maintains 100% focus on investing for cash flow and helping others do the same. Tyler's team help others to acquire, stabilize, and then provide clean, safe, affordable housing to those in need when it matters most. Boy, I have some questions about that, what a great job description. As the host of Cash Flow Guys podcast, teaches the public how to avoid the common pitfalls found in real estate investing, and inspires others to take massive action toward their goals. Tyler, it is such a pleasure for Jill and I to have you on the show. Tyler: Thanks guys I appreciate it. Jill: Glad you are here. Steve: That was an awesome big picture description, maybe you can tell us a little bit more about what you do. Tyler: Well Steve, this all started when I was working for the Federal government. I was out on a ship in the middle of the ocean as a merchant mariner and of course, your tax dollars were paying me way too much money. That was all great on the surface, it looked really cool on the top part of the pay check, but when the IRS got ahold of they said, "Oh, Tyler, thank you for your donation, sir." I was paying more in income tax than most people made for a living, it was kind of scary. Steve: Yeah, a W-2 can do that to you, huh? Tyler: Yes, it sure can, so I obviously need to find a better way. I come from a real estate background, I grew up in real estate with my mother. I have had my real estate license about 16 years now. I was on a little sabbatical, I was out there bobbing around the ocean and I had to figure out a way to legally, address the word legally, mitigate my tax obligation and then I discovered the power of passive income, that was the game changer right there. Steve: That's great. How long were you out there? Let's talk about the boat experience first. We are actively looking to buy a fairly large boat right now. Tyler: I spent 5 years working for the National Oceanic Atmospheric Administration, that's NOAA, that's who predicts your weather and all that. They have a fleet of ships that are based around the world, pretty much. I went to them with virtually no experience. I was a turner boat captain here in town, I did that part time when the real estate market was not performing to expectation in 09' and early 2010, I was out doing charter fishing for people and doing real estate while the market was at it's absolute worst. I got hired by NOAA because I am a US veteran and they give preference to US veterans for employment. It was pretty much a shoe in job. My first duty assignment, guys, was Honolulu, Hawaii. You can't really argue with that. Jill: Love it. Tyler: At the time it was ... NOAA, ironically, also runs the national marine fisheries. Being in the charter business, for taking people fishing, they had so heavily regulated the fishing industry, it made it harder and harder and harder to get people out on the ocean to take people fishing. Ironically, the government organization that put the charter business on hold, was where I wound up going to work, if you can't beat them, join them, type of a thing. I can tell you ... We could go on for hours about my experiences at NOAA, that was an absolute blast. I had so much fun working for that organization, a good group of people. Steve: