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James Beevers is a PhD student at Westminster and he has an interesting personal history. He comes from a WTS family in that his father is an alumnus from the PhD program and his mother from the MAC program. But his reformed roots go potentially so deep that he may be related to Theodore Beza himself. Lineage aside, Nate and James also chat about his dissertation topic, the warning passages in Hebrews, as well as various other topics. Sign up for the Preaching conference here ⁠⁠⁠https://wtspreachingconference25.rsvpify.com⁠⁠ If you enjoy this episode, you can access tons of content just like this at ⁠⁠⁠⁠⁠⁠⁠wm.wts.edu⁠⁠⁠⁠⁠⁠⁠. If you would like to join us in our mission to train specialists in the bible to proclaim the whole counsel of God for Christ and his global church, visit ⁠⁠⁠⁠⁠⁠⁠wts.edu/donate⁠⁠⁠⁠⁠⁠⁠. Thanks for listening!

Title: From Hustle to Holdings: The Smarter Path to Passive Wealth With J. Scott Summary: In this episode of the Passive Income Attorney Podcast, host Seth Bradley discusses the importance of transitioning from active to passive income with guest Jay Scott, a seasoned real estate investor. They explore various investment strategies, the significance of due diligence in syndication, and the differences between house flipping and multifamily investments. Jay shares his journey from tech to real estate, emphasizing the need for teamwork in multifamily projects and the importance of understanding market conditions. The conversation concludes with actionable insights for listeners looking to create financial freedom through passive income. Links to watch and subscribe: https://www.youtube.com/watch?v=V26Rze2S9TM Bullet Point Highlights: Active income is trading time for money, while passive income allows for financial freedom. Investors should focus on the highest and best use of their time. Flipping houses can be tedious and may not be the best use of time for high-income earners. Transitioning to multifamily investments can provide more control and cash flow. Market conditions can significantly impact investment strategies and outcomes. Due diligence is crucial when vetting syndication sponsors and deals. Understanding the underwriting process is essential for passive investors. Building a strong team is vital for success in multifamily investments. Investors should seek to understand the risks associated with their investments. Passive income allows for a lifestyle centered around family and personal interests. Transcript: Seth Bradley (00:10.188) What's going on, law nation? Welcome to the Passive Income Attorney Podcast, your favorite place for learning about the world of alternative passive investments so that you can practice when you want to and not because you have to. Now, if you're ready to kick that billable out of the curb, start by going to attorneybydesign.com to download the Freedom Blueprint, which will also get you access to partner with us on one of our next passive real estate investments. All right, let's talk about   the highest and best use of your time. We've talked about active versus passive income and for good reason, they are completely different. They're on opposite sides of the spectrum. When we talk about active income, we're talking about your job as an attorney, as a doctor or a business owner, where you trade your time in for money out. Depending on your skill set, background, education, work ethic, et cetera,   You know, this could be a great use of your time or it could be a terrible one. But when most people think about getting into real estate investing, they're torn. Should you do a fix and flip like you saw on HGTV? Should you invest in a REIT like your financial advisor and Charles Schwab told you to do? Should you buy a single family rental or invest in a syndication? There are endless options so I can understand why it's so confusing. Well, start with this.   ask yourself, what's the highest and best use of my time? If you're thinking about doing an HGTV fix and flip and your partner at a big law firm, for example, is that flip really the best use of your time? And don't be mistaken, a flip is transactional and it is active. So will you make more per hour on that fix and flip than you would at your job?   After you factor in the learning curve, the deal sourcing, the headaches, what it takes away from your job and everything else, it's not even close. Unless you truly love doing it, which some people do, it just doesn't make sense for high income earners. You should be focusing on transforming the income you earn actively into passive income streams. At different levels on the passive scale, that could very well be a single family rental or an Airbnb.   Seth Bradley (02:34.26) or could be passive investments into commercial syndications. But if you truly want to obtain financial freedom as quickly as possible, don't create more time consuming activities that aren't as fruitful as the active income stream that you already have. Focus on passive investments until you are financially free. And then you will have the freedom to transition or not into any   active activity you have a passion for. Today, we have a very special guest, Mr. Jay Scott of Bigger Pocket fame. Jay is an entrepreneur, investor, advisor, and the co-host of the Bigger Pockets Business Podcast. He has bought, built, rehab, sold, syndicated, and held over $70 million in residential property, and currently owns several hundred units. Jay is the author of four bestselling books on real estate investing,   with sales of over 300,000 copies. Get really excited for this, folks. You're in for a treat.   This is the Passive Income Attorney Podcast, where you'll discover the secrets and strategies of the ultra wealthy on how they build streams of passive income to give them the freedom we all want. Attorney Seth Bradley will help you end the cycle of trading your time for money so you can make money while you sleep. Start living the good life on your own terms. Now, here's your host, Seth Bradley.   Jay Scott, what's going on, brother? Welcome to the show.   Scott (04:09.196) Thanks. Appreciate you having me here Seth.   Absolutely, man. Appreciate you taking the time out of your day, We've got a little bit of history, but let's jump into your history, man. What's your story? Tell us about your background. Take it back as far you'd like to.   Yeah, I'll keep it short because nobody really cares about what I used to do. So I'm a tech guy by education and former trade. I worked in Silicon Valley for a long time, spent about 15 years doing the engineering thing and the product management thing. 2008 decided to get married. My wife and I, she was in the tech world also. We decided to leave and do something different so we could start a family.   focus on our family. Basically, we were both working ridiculous hours and it just wasn't sustainable if we wanted to start a family. So put our jobs in 2008, moved to the East coast, ended up flipping houses. Long, boring story about how that started, just kind of serendipitous. We didn't really plan it, never really considered real estate, but fell into flipping houses. Over the next eight years or so, we flipped about 400, 450 houses, was great. It ended up being the,   next career we were looking for, it gave us the flexibility to kind of raise our kids and never have to miss a soccer game or a piano recital, which was fantastic. But then around 2017-ish really got burned out on flipping houses and that's when I started to look for some new stuff to do. and that kind of leads me into what I've been doing the last few years.   Seth Bradley (05:41.742) That's awesome, man. That's a ton of houses you flip, man. think that that's, know, a lot of the folks who've been in the game for a long time, they've heard you speak on, you know, on bigger pockets and all of that. So, you know, what attracted you originally to house flipping rather than, you know, buy it holds or anything like that?   So I'll be honest, I don't love real estate. I love business. I'm a business guy. like when I was even when I was in the tech world, I got my MBA and I did some business development and I moved from the engineering side to the product side where I could be more involved in the business stuff. And I'm a business guy by heart. And that's what I love doing. So when it came to flipping houses,   For me, was, I could have been buying and selling anything. It ended up being houses. And again, not an exciting story. mean, literally the story was my wife was watching a show on HGTV with some people flipping houses and she said, let's give that a try. Just as kind of like a fun thing to do on the side while we were waiting for our wedding to come up. So it wasn't something that I ever thought about or planned to do. It just kind of happened.   And so if it weren't flipping houses, it would have been buying and selling something else. would have opened a restaurant or I would have opened a retail store or who knows what I would have done. But for me, the challenge was in the business. It wasn't the real estate piece of it. And so I've always enjoyed the scaling part. So yeah, flipping a house is great. Flipping five houses is great. But I always wanted to know, how do I go from flipping five houses to flipping 50 houses in a year? What are the systems and processes I have to put in place?   how do I build that type of business? That to me is what's exciting. And so for me, it's always been about not the real estate part of it, but about the building the business part of it.   Seth Bradley (07:25.248) I love that man. I don't think I've heard anyone just come out and say that, even though a lot of people are probably in the same boat as you that, you know, you don't have to love real estate to recognize that it's a great business. Right. Yeah. So that that's awesome. So tell me a little bit about your, your transition and what you're doing now, your current business, how you kind of progressed from house living to what you're about to tell us about.   Yeah, so 2017, I just got really burned out on flipping houses. It was good to us financially. We got good at it. I wrote a bunch of books on it, but I'll be honest, it was never fun. And as the years went on, it just ended up getting more tedious. I felt like I wasn't learning anything new. It was revising processes and creating new systems. it was fun, but I needed some new challenges.   So 2017, I decided, okay, done with flipping, actually went and started doing some business stuff. So I do some advisory work for some tech companies. I do some angel investing. And so for a few months, I actually considered getting out of real estate altogether, focusing on other business pursuits. But I actually, what I realized was that I didn't like the nuts and bolts of real estate. I liked the mechanics of real estate.   I loved the negotiation piece. I loved the asset management piece. I loved the putting deals together piece and I was good at it. And so while I really didn't wanna be flipping houses, didn't want to be involved in the day-to-day aspects of managing the projects. I enjoyed the deal part of real estate. And so in addition to that, after I stopped flipping, I had all this cash.   And I was like, okay, what am I going to do with this cash? I was using it to flip houses. We were doing 50 houses a year. It's put a lot of cash to work. Now I had all this cash. I'm a control freak. do invest in other people's syndications, but I don't sleep well at night when all my money is being managed by other people. So I said, how do I kind of take back control of my own cash as well as kind of get back into real estate? What can I do in real estate that I would enjoy? And now I can also deploy a bunch of my own cash. And what I realized was multifamily.   Scott (09:38.648) That was a great opportunity. And I had been thinking about multifamily for a long time. But what I realized was from the syndication side of multifamily, could, one, I could have the control. could be a general partner. could control the deal. I could put the deal together. I could manage the deal. But also I could come in on the limited partner side as an investor. And it was a great place to deploy my capital. So I could deploy my capital in deals that I had full control over. So 2017, I decided I wanted to get into multifamily, probably wanted to get into syndication.   I reached out to a friend of mine, Ashley Wilson, who managed a company called Barred Down Investments. She and her husband had started the company a couple of years earlier. They were doing exactly what I wanted to do. And so I reached out to Ashley and I said, hey, I would love to learn multifamily. I don't expect you to like just take all this time and teach me so I can often be your competitor. But here's what I am willing to do if you're willing to do this. I will come work for you for a year.   And in that year, you've got all my time, you've got all my energy, you've got all my knowledge, you've got all my contacts, I'll put money into your deals, whatever it takes. You mentor me for a year, you've got my commitment for a year. After a year, we can figure out if like, there's a place for me on the team or if I'll go off and do my own thing. But basically, let's work together for a year. And she loved that idea. mean, I think she liked the fact that I was really good with the systems and the processes and the operation stuff.   And I obviously loved the fact that I could jump into a team that was high functioning, already owned a lot of properties and was doing deals. So for the next year, I worked with her team. It took about a year and a half before we finally did a deal. But 2020, just before COVID, we started putting together a deal. That deal went really well. Ashley and I realized that we were like, just we made a great team.   We had a bunch of complimentary skills, the things that she was really good at, I wasn't, the things I was really good at, she wasn't, it was just a good partnership. Around the same time, her husband decided that he didn't really want to be doing real estate anymore. He kind of wanted to be a stay at home dad. He liked helping with the business. He ran the underwriting team and he did a lot of the analytics, but he didn't want to be a partner in the business anymore. So about a year and a half ago, Ashley came to me and said, Hey, would you want to join me and be a partner in the business?   Scott (11:57.678) 2020, 2021-ish. Ashley and I joined forces. She and I now run bar down investments and we do value add multifamily all around the country.   That's great man, said you weren't having fun anymore, you having fun now?   I'm having a ton of fun. And I think the big difference between then and now is when you're flipping houses, flipping houses is a very, it's a solitary venture. Yeah, you have contractors around you and you have eight real estate agents and you have closing agents and lots of 1099 people, lots of vendors and people that come in to help you. But at the end of the day, you're running the show. You're doing the four big things that you do when you flip houses.   you're acquisitions or you're running acquisitions, you're doing the rehab or you're running the rehab, you're doing the disposition or managing the disposition and you're raising the money. mean, all four of those things, you don't generally have a big team to do those things because it's just hard to scale a big team when you're flipping houses. The profits aren't there, the margins aren't there. Unless you're doing real high-end houses, the deal size isn't there. But in multifamily, the thing I love about multifamily is it really is a team sport. When you're doing it,   $10 million deal or a $50 million deal, it's not something that I could ever do myself. It's not something anybody or very few people can do themselves. Typically you have to be part of a team because things are very specialized. mean, the acquisitions piece, you need some of the best acquisitions people in the world to be finding deals in this market. The renovation piece to be renovating a 200 or 400 or 600 unit apartment complex, it's not like flipping a house. You need to have really good systems and processes. need to...   Scott (13:36.448) really know the renovation side of things. Managing the property, I mean, you have to know the asset management side. You have to know how to carry out a business plan. You have to know how to increase and reposition rents. You have to know how to decrease expenses and improve the efficiency of the management. And then on the sales side, that's a whole other world where you have to really know the market and be able to work with the brokers and know how to position the company for sale. And then finally, there's that raising funds piece.   And that's a whole world by itself, whether you're dealing with raising debt through a broker and you're going like just typical, like getting loans, or you're going out to private investors or institutions and you're raising equity, people that come in as partners. And I mean, that's a full-time job in itself, those two things. So when you do multifamily, you really need to figure out what are you great at? And then you need to surround yourself with people who are great at everything else. And so that's what I loved about multifamily. It allowed me to focus on what I was really   and then bring in people who are literally the best in the world at all the other stuff. And now it becomes a team sport. It goes from playing tennis to playing basketball. It goes from being yourself reliant and you have to do everything and be the best versus you have to be able to put together the best team and manage that team in a way that not only is everybody fantastic, but working together, they're better than the sum of their parts.   Yeah, yeah, that's fantastic, man. The whole team game part of multifamily and commercial real estate. It's really interesting because when you get into other businesses, it feels more competitive and kind of like if you if you have the secret sauce, you keep it close to your vest. You don't you don't tell everybody about it. Whereas when you're in this commercial real estate world, everybody's sharing ideas. Everybody's trying to partner. Everybody's trying to see how they can help you rather than just looking about, well, how can you help me kind of?   I call it, I'm gonna get in trouble here, but the Hollywood mentality where it's like, what can you do for me? Oh, you just drive a three series, you probably can't help me. So it's a different attitude.   Scott (15:41.294) Absolutely. I like to refer to it as co-op petition. It's like there are deals that you're going to do with other people and then there deals you're going to do yourself and you may come back to those people later. You may never come back to them, but everybody kind of looks out for each other because you never know when you may end up in a deal with somebody that previously you were competing against. And so anytime that you're not in a deal with somebody, you're still treating them as if, the next deal we could end up being partners. And the deal after that, we could end up being partners.   because it really is, it's a small industry, everybody knows each other. we really, again, going back to the sum of the parts is greater than the parts themselves. mean, working together, we can really do a whole lot more than if we just are purely competitive and try and take each other down.   Yeah, absolutely. And I think kind of going back, there's a lesson to be learned about how you were transitioning from house flipping and you were the best at it. And then you're like, okay, I want to go into multifamily and a syndication. You went and you sought out someone that was already in the game that knew what they were doing, that had the experience. And you said, what can I do to help you? What value can I bring to you to help you so you can teach me what you've done? And there's a lot of value to be found in that lesson for folks that are trying to   you know, get into the active side. A lot of listeners out there are passive investors already and they're, you know, maybe thinking about, maybe I want to do in the active side. And they're like, well, what can I do? Cause a lot of attorneys, especially in doctors and folks like that, they think they have this one track mind. They're only trained to do one thing. And they're like, what value can I provide as somebody else? But there are a lot of skills that you've learned in your W2 profession that you can apply to help other folks that are already in the industry.   Absolutely. I mean, I talk about it a lot, but even outside of real estate, I do a lot of advisory work and I'm still pretty active in the tech world. And I find companies that kind of bridge that gap between technology and real estate. all know about the Zillows and the Airbnb type companies. There are a lot of startup companies in that space too called property technology type companies. so...   Scott (17:46.998) I love to use my experience, my knowledge, my relationships to go into those companies and help them grow their companies. In return, I'm not an employee. I'm not even a 1099 contractor. In return, I'm getting equity so that if I can help make them successful, ultimately my equity is gonna be worth something. I'm gonna be successful as well. And so what I like to tell everybody like figure out what you're good at and then figure out who needs that expertise.   and then figure out how you can offer that expertise in a way that isn't trading necessarily hours for dollars. Figure out how you can trade your expertise, your knowledge, your Rolodex, your whatever it is for equity or potentially passive income so that you can grow potentially many fold as opposed to I charge $200 an hour or $300 an hour. mean, everybody loves $300 an hour, but the minute you stop working, you stop making that money. But if you can get equity, that equity can work for you for a while.   Yeah, absolutely. And it's tough for a lot of the WTs out there listening, they're highly paid professionals. It's tough to get off of that treadmill. For some folks it's easier because they're not making as much money, but for the lawyers, the doctors out there that are making a good amount of money in their profession, it's tough to try to see, you know, to stop trading time for money. But you've got to kind of see through the weeds there.   Yeah, well, what I tell people is, there's two types of income. There's your active income. That's the stuff that you're trading your time for, whether you're a doctor or a lawyer or an engineer or you're a house flipper or you're a consultant or you're a small business owner, whatever it is, that thing that when you stop working, you stop making money. And then there's a passive income. It's the thing you trade money for money. So you put your money out there and hopefully it continues to come back to you for the rest of your life or at least the next several years.   And so what I like to tell people is don't think about those the same. Those are completely different. figure out for your active income, figure out what the highest and best use of your time is. If you're gonna make more money as an attorney than you are flipping houses, don't flip houses just because you eventually want to retire on real estate. You can always use real estate for the passive side of things, but if you're gonna make more dollars per hour as an attorney or a doctor or a consultant, then do that because you wanna get out of that active income as quickly as possible.   Scott (20:05.9) And the way you do that is you make as much as you can and you move it over to the passive side. So focus on whatever it is that's generating the most dollars per hour for a shorter period of time so that you can then start moving that money over to the passive side and start building up the passive side. don't, people ask me all the time, should I flip houses or should I buy rentals? And I'm constantly telling them that's not the right question. Flipping houses is your active income. Compare that to all the other.   potential active incomes you can have. And rentals is passive income. Compare that to all the other passive investments you can make. And so don't say flipping houses or rentals say, should I be flipping houses or should I be an attorney? And don't say, I be flipping houses or rentals say, should I be doing rentals or should I be investing in syndications or dividend generating stocks or something else? And think of them very differently. then secondly,   Make sure as much of that active income as you can, move it over the passive side so that you can start that snowball rolling. I compound interest is the key to financial freedom. And the sooner you can put more money to work, the faster it'll compound and the sooner you can start to live on.   Yeah, I love that man. mean, lot of folks, you know, calls that I take, they're like, hey, they're attorneys. Should I quit my job or how do I quit my job? I'm like, if you want to quit your job, don't be hasty about it. First of all, you're probably making a good amount of money in your active income. You just need to figure out a way to transition that active to passive income and don't just quit your job. It's very difficult to flip houses, to do an HGTV fix and flip while you're working at a big law firm or something like that full time.   I tried to do it, I didn't do it very well. You're not even gonna make it nearly as much money as you would as a doctor, as an attorney, unless you get to level like you did, Jay, but that takes time and that takes a buildup of accumulation of skills and money to be able to get to that level.   Scott (22:05.826) Yeah, I mean, at the end of the day, it's a math equation. mean, your passive income or your ability to build up enough income to be able to retire, whatever your number is, is based on how much can you put in per month into that wheel, that passive income growth machine? How much are you generating every year on what you're putting in? So what do your returns look like? And three, how long do you have to compound it?   And so everybody can go out into a compound interest calculator and say, okay, I have $5,000 a month that I can invest passively and I can return 12 % per year and I need $6 million to retire. Well, based on those three numbers, you can now figure out that fourth variable, is how long is it going to take? And so figure out how much do you have per month to put in? What's the rate of return you can generate and how much do you need? And that'll tell you how long it's going to take or   figure out how much you have to put in, how much your return is gonna be and how long you wanna spend. And that'll tell you how much you'll end up with at the end, either way you wanna look at it. But again, it's a pretty simple math equation, but too many people don't actually do that equation where they don't think about it until too late and they think, I wish I would have taken that $5,000 a month that I was spending on my second home in the Bahamas and put that into real estate so that I could have been.   compounding it and so now I could buy that home for cash five years or 10 years later.   Absolutely. Attorneys hate math, but I think they can handle that little equation. I want to take a step back for a minute because you got into house flipping in 2008, which is kind of like around the big crash. And now we're kind of at the height of a market. We don't know where that height is going to end, but we're definitely in it. Right. So can you maybe compare and contrast getting into, let's say,   Seth Bradley (24:01.652) one real estate venture in the middle of a crash compared to getting into another venture kind of towards, towards the upswing.   Yeah, so it's one of the reasons I like multifamily and I like commercial and I like syndication. Anytime you're doing purely transactional deals, buying something and then selling it, not generating any cashflow in between, you run a risk. If the market turns in the middle of the transaction, you're gonna lose money and you don't have a lot of ways to mitigate that risk.   Whereas if you're buying something like an apartment complex, or even if you're buying a rental property, or you're buying a self-storage complex, or you're buying anything that cash flows, the nice thing is if the market turns, you may not be in a great position. You may not be thrilled with what's happening with the value of your assets, but if you're still generating cash flow, you can weather that storm. Maybe it's gonna take, the average recession lasts about 18 months. And so if you can make enough income that you can keep yourself afloat for 18 months, or maybe   it's a horrible recession and it lasts three or four years. If you're still making income and you can keep yourself afloat for three or four years, the market's gonna come back. And so when we do our multifamily deals, yeah, we typically say we're planning to hold three to five years, but we also do all the underwriting to ensure that if we have to hold for six years or eight years or even nine or 10 years, that the numbers still work because.   Again, who knows what's gonna happen three years down the road, we could have a major recession that lasts four years and now we're seven years down the road. I wanna know that my multifamily investments in seven years, they're probably gonna be producing more cashflow. We're probably gonna see more growth in terms of population. We're probably gonna see more growth in terms of employment. Hopefully we're gonna see more wage growth once we come out of that recession. So all the economic indicators that kind of lead towards value growth in multifamily,   Scott (25:58.486) are going to happen over those seven years if I can just get my property seven years and not lose it. With a flip, well, I'm not generating any income. So if the bank calls the loan due or if my two-year loan comes due and I can't refinance, I'm screwed. But in a multifamily, I just waited an extra couple of years and I'm probably in a better position than I was anyway. So that's one of the reasons I love multifamily because we can't predict   what the economy is gonna do in the next couple of years. But I do know that whatever the economy does, it's probably gonna come back in the next five or 10, and I'm still gonna have the problem.   Yeah, yeah, that's great. That kind of rolls into this next question. How does a passive investor that's kind of vetting a sponsor, how do they check kind of the boxes to see if their sponsors are taking the extra measures to look into those risks that you just mentioned, to mitigating those risks, to taking those risks into account in their underwriting and things like that. How can they best vet the sponsor to make sure that they're thinking of those things?   So I invest in a lot of other people's syndications as well as my own. And so when I do that, I kind of look at five areas for due diligence anytime I invest in a syndication. Number one is the team. And that's probably the most important thing. For a lot of people, I have been pleasantly surprised that a lot of our investors have recognized that team is the most important aspect of the deal. I know in the flipping world, everybody was concerned about the deal. Nobody cared about   what was my experience, but in the multifamily world, a lot of investors recognize that the team has to be great. So number one is the team. Number two is location. Location is often overlooked, but at the end of the day, the thing that's gonna drive value for multifamily and for commercial real estate in general is gonna be population growth. So you want more people coming into an area, employment growth. So you want more employers coming into an area that will bring more people in. You want wage growth because that will ultimately drive rents up.   Scott (28:06.082) and you want employment diversity. You wanna know that if one industry takes a big hit, so for example, we invest in Houston, but we won't invest in the energy corridor of Houston because it's so reliant on oil and gas, that if the oil and gas industry took a big hit, the real estate around there would probably take a big hit. So we wanna see that there's good employment diversity. But at the end of the day, location is that next big thing. So team, location, number three is the deal itself.   So you need to know that the deal is gonna stand on its own. I wanna know that if I took a deal and I handed it to pretty much any other indicator, they couldn't mess it up too badly. Obviously, again, we're gonna go back to the team is super important, but I want the deal also to stand on its own. And I wanna know that the business plan for the deal, the hold period, the numbers and the underwriting, the pro forma for the property makes sense. So team location deal.   Number four is the returns. So obviously when I invest with somebody, I'm in it for the money. And so I wanna see that the returns are commensurate with the risk. I wanna know that the returns, if somebody tells me I'm gonna get 10 % returns in this deal versus 20 % returns in another deal, I wanna know, well, why am gonna settle for lower returns? I want the answer to be because it's a lot lower risk or because you're gonna get your money back a lot sooner, which is gonna allow you to compound it or whatever the answer is.   I want to know that the returns make sense given everything else. And then finally is the risks. At the end of the day, I'm always going to sit down with the syndicator and I'm going to say, what are you most concerned about here? Like where, if I'm going to lose money on this deal, where am I most likely going to lose money? They say, there's no shot of losing money. walk away because we all know every deal has risks and every syndicator knows what those risks are. And they're thinking about those risks. I just want them to tell me.   So if I'm gonna lose money on this deal, where am I most likely? Why am I most likely to lose money if I'm going to lose money? So those are the five things that I look for. Talking about each individually a little bit more. the team, I like to know that one, I wanna see how many deals the team has done together because again, like a basketball team, you can put the best basketball players in the world together. And if they've never played on the court together,   Scott (30:31.672) they're not gonna be necessarily the best team out there. You can find another team with five inferior players who have been playing together for 20 years and they're probably gonna be better because they know each other better. So I like to see teams that have worked together for a while. I like to see teams that have gone full cycle in deals. So it's easy to buy 10,000 units. It's hard to buy 10,000 units and also sell 10,000 units for a profit. So I wanna see that if a team has bought a lot of deals, they've at least sold some for a profit.   I wanna see a team that's putting their own money in the deals. So I want people that have skin in the game. If they don't have skin in the game, and I've seen plenty of syndicators that don't like to put money in the deals, well, they need to sweeten the pot for me somehow. So maybe they're saying, we're not gonna take any profits until at least year three, or we're gonna give you a better preferred return, a better split than you would get if we were putting money in the deal. I wanna know if you're not putting money in.   that you're at least giving me something that aligns our interests and ensures that you're gonna be working hard even though you might not have as much financial risk. So those are the types of things I like to see in the team. I like to see things like at least one or two people working full-time. If everybody's part-time, that's kind of a little bit scary. Obviously not everybody has to be full-time because there are a lot of jobs on a GP team that aren't full-time jobs. There are a lot of jobs that might stop the day you purchase the property. Like the person that's raising money, job's   pretty much done other than communicating status when the property's been purchased. But I do want to know that whoever's managing the asset is doing it full time. So that's kind of the team stuff. Location, again, population growth, employment growth, wage growth, and employment diversity. So those are the four big things I look for. Next is the business plan. So I want to see the biggest question when somebody goes in and...   does what I do, which is a value add multifamily. Basically they buy it, they raise the value of the property and then they sell it for a big profit. Where is that profit coming from? Generally the profits coming from raising the rents. There's also some lowering the expenses, but at the end of the day, raising the rents is kind of the big thing that's gonna generate the big profits in multifamily. And so I wanna know how are you raising the rents? And two, when you tell me that you're raising the rents from X to Y, where is Y coming from?   Scott (32:55.182) Show me the comps that tell me that why is a reasonable new rent, market rent for this property after you've done the renovation. So I wanna see the comps. So that's kind of the deal. The returns speaks for themselves. I wanna see like the structure of the deal. So when's the money coming back to me? Is it paid monthly? Is it paid quarterly? What are the returns look like? What's the preferred return? So is it a low preferred return, which means   that the syndicators are getting paid sooner, whereas at a higher preferred return, which means the syndicators have to do more for me before they take anything home. So that speaks for themselves. And then for the risks, I wanna know both the catastrophic risks. So what's the thing that's like going to make me lose all my money? Is there something out there that can cause me to lose all my money? Hopefully the answer is no, but there are probably some risks that are bigger than others. So we do a lot of deals in Houston. If somebody were to say to me, what's the biggest risk on your deals?   The answer is generally going to be weather. If we have a really bad hurricane, if we're in a flood zone, we probably have flood insurance and we have hurricane insurance. But if it's in a place that's never experienced the negative impacts of a flood or a hurricane, and we are not required to have flood insurance, but there's still a massive hurricane that wipes out that property, that's not going to be good. We're going to have to pay for that ourselves. So what's our mitigation there? We don't have a great one. Luckily.   the risk is really low. We don't buy in areas where there is that risk. And if there is, we're gonna get flood insurance. But I do want my investors to know that no matter where you invest, whether it's a risk and especially in Houston, if we see a storm bigger than anything we've seen the last 50 years, some of our properties could be at risk. And then there are the smaller risks. So maybe there's five other complexes being renovated all around us. Maybe there's class A, brand new class A being developed.   all around us. So basically our absorption of units is going to slow down because there's so many more units. Maybe there's one big employer in the area. Amazon just built a warehouse that's employing 8,000 people. Well, what happens if Amazon has a bad year and has to lay off 4,000 of those people? How's that going to affect us? So, so risks is the next thing. And the way I approach it is I literally sit down with the, with the syndicator and say,   Scott (35:15.554) What keeps you up at night? What are the biggest things you're concerned about? And so those are the things that I do. I have no problem basically saying to a syndicator, I need 15 or 30 minutes of your time to ask these questions. Typically the good ones will either find the times themselves or have somebody on their team that will sit down and answer these questions. If they're not willing to answer those questions, well, that's probably a good indication that that's not a good team.   Yeah. For our listeners out there, that breakdown was incredible. Rewind that, listen to those five items again. That's a quick, but thorough and awesome rundown of what you need to do. Just as at least the starting points for your due diligence. And that's, that's great that you said if they won't book a call with you either themselves or an investor relations person on their team, then it's time to, you can just walk away and look at the next, look at the next deal. One question I had on the deal.   So a lot of folks, it's kind of overwhelming to see an underwriting model or something like that. And being a passive investor, I don't know how much you even want to dive into it. Some people do, some people want to nerd out on it. Most people don't. And we don't generally have access to the T12 or the rent roll or anything like that. What are maybe some quick tips on how to maybe proof through that pro forma to make sure that the assumptions are reasonable and the pro forma is generally   a reasonable prediction of what we might expect from that investment.   Well, let me start, me take a step back before I answer that particular question and just say that even for you and me, mean, you know how to do an underwriting, I know how to do an underwriting. If you or I were gonna invest in somebody's deal, Joe Smith's deal, we're probably not gonna have enough information even though we know this business really well and we know the underwriting models really well, we're probably not gonna have enough information.   Scott (37:08.908) that we're going to be able to know for certain that Joe Smith's not trying to scam us out of money. So if Joe Smith is really smart and he could probably put together an underwriting that could fool us because we're just not gonna be putting in as many dozens of hours underwriting as he and his team are. So the number one thing I would say is make sure you trust your syndicate. This goes back to why team is so important.   because there's two types of things that Joe Smith can do. One, he could do a bad job of underwriting and come up with bad numbers. That's not good, but that's not nearly as bad as Joe Smith wanting to scam us out of money. So number one is make sure Joe Smith's not the kind of guy who wants to scam us out of money. And so work with people who are reputable. And that's why I would invest with you before I would invest with 95 % of syndicators out there because you're an attorney, you passed the bar.   you know that if you go and somebody finds out that you're trying to scam somebody, well, you're putting your entire career at risk. And so what I tell people is, so what do you have that really proves that this person is on the up and up? And maybe it's a track record. Maybe it's 10 or 15 years of doing deals. Maybe it's, I like to think with me, I've been doing this business for 15 years. I've done thousands of deals with hundreds or thousands of people.   And if you go out on the internet, nobody's gonna, you're not gonna find anything that's written negatively about me. So that's a good sign. But make sure that there's something out there that gives you faith in that syndicator, even if it's just somebody else that's invested in a couple of deals with them. So that's number one. So that's the way to rule out that catastrophic, they're trying to scam you risk. Then there's the more likely, what if they just didn't do a good job of underwriting risk?   And so for that, would say for people that have very little knowledge of how the underwriting works and how the numbers work, it can be really difficult. And so what I like to do is, or what I recommend people do is sit down and ask to do a Zoom call for 15 minutes with the investor relations person and say, hey, will you kind of walk me through the high level underwriting? And at least force them to go through and then just ask questions.   Scott (39:30.958) when they say something, even if you have no idea what you're talking about and they say, well, it looks like we're gonna be able to reduce expenses by implementing a rub system, blah, blah, blah. Oh, okay, well, what is rubs and how does that work? And at least make them explain it to you. At least then you'll get an idea that they're not making it up as they're going along, or at least you'll get that confidence that it sounds like they know what they're talking about. But the biggest thing that I would say is that whole comps thing.   And this is a question that a lot of people don't like to ask. But I actually, and when people ask me this question, it always makes me nervous because it's the hardest part of the business, but it impresses me when people do. to the underwriting or the investor relations person, what are the comps that you used for your post renovation market rents? So again, the thing that drives values in multifamily is after the renovation is completed, in theory, you should be able to bring your rents up higher.   and your rents, those higher rents, you should be able to figure out what they are by looking at other units that have already been renovated and seeing what their rents are. So if I buy one, two, three Main Street, and I know I'm going to put $8 million into it, well, now that property is going to comp out to 678 Main Street. And well, what are the rents at 678 Main Street? And so by asking, hey, so you're buying one, two, three Main Street, what are the comps for the rents after you renovate?   and they tell you, it's going to be 678 Main Street and 123 Smith Street, whatever it is, you can then go look up those properties and say, okay, well, it looks like a two bedroom at those properties is renting for 1200. Now I go back to the investor relations person or whatever information they gave me I see, oh, okay, after renovation, they have their rents at 1200. Makes sense. If that's a reasonable comp, they now have the rents at kind of where they should be.   If he says that six, seven, eight main streets, a comp, and you go look in a two bedroom at six, seven, eight main streets, 1200, but their underwriting tells you that after they do the renovation, they're going to be charging 1500. Well, why are you now $300 above this property that you said was a comp? And so that to me is kind of the first thing that I look at or the biggest thing I look at is what are the comps that they're using and does just a kind of first pass.   Scott (41:57.762) jumping on apartments.com or calling the complex and asking them what different things rent for. Does that coincide with what they're telling you their post renovation rents are gonna   Yeah, I love that man. I mean, it's not as simple as just going into an old dilapidated apartment building and saying, I'm to put granite countertops and hardwood flooring and stainless steel appliances in there. And then I'm going to triple the rent or double the rent. It's not that easy. If it's not in the right area that could support those, those market rents or that have potential tenants that want those types of things, it doesn't work. So that's why that's so important to check those comps to see what's around those apartments that you're going to be investing in to see if, they can achieve those.   those proforma rents. All right, man, before we jump into the freedom four, what's one last gold nugget for our listeners?   Absolutely.   Scott (42:45.634) Yeah, so again, what I would tell people is figure out your highest and best use on your active side. And then for the passive side, figure out how you're gonna scale. And I know a lot of people like to invest in a whole lot of different things, but I'm a big fan of doing some work so that you don't have to diversify as much. Diversification is great, but diversification,   is for people who aren't really an expert in anything. If you want to get your best returns, the way to get your highest level of returns is not to have to diversify. And the best way not to have to diversify is to get knowledgeable about whatever you're investing in. So if you decide you wanna invest in all your syndications, just cause that's what you and I do. So it's an easy example. If you want to invest in syndications and that's how you wanna grow your nest egg, my recommendation is,   get as much information about syndications as you can. Pick up a good book on syndications. Go find somebody that does syndications and say, hey, I'd to pay you a thousand bucks for five hours of your time. Or you just to walk me through what a typical deal looks like or what the underwriting looks like. Or go sit in on a hundred multifamily syndication investor videos, presentations. So you can see all the different things they're talking about and become as much of an expert there as you can. So that way you're reducing your risk without having to do a lot of the.   diversification. So focus on whatever your highest and best use of time is on your active income and then become as knowledgeable as you can for whatever you're investing in passively. What I like to say on the passive side is it's not truly passive. Nothing's truly passive. But the best investments are the one where all the work is done upfront. You do your due diligence and then it becomes passive.   Yeah, that's awesome, man. And then what you can do though is diversify within that strategy, right? Absolutely. Yeah, different asset types can have different business strategy, value add, or maybe you're dealing with just a class A where you're chasing yield or across different cities, different geographies, or across different sponsorship teams. There's other ways to diversify within that same type of investment strategy. Yep. All right, man, let's jump into the Freedom 4.   Scott (45:05.598) It's time for the Freedom Four.   What's the best thing you do to keep your mind and body healthy?   So for me, it's admitting when I need a break. I know so many people that it's a badge of honor to work 80 hours a week, 52 weeks a year, never take a vacation. I'm just the opposite. If I wake up one morning and I'm tired and I don't feel like working and I don't feel like I'm gonna be productive, I will grab a book. I might even turn on the TV. I might say to my wife, hey, let's go to breakfast or let's go spend the day, let's go to a movie.   And I have no qualms with just saying, I need a break today. Today's not gonna be a productive day. I don't need to pretend to work just so I can have that badge of honor that I work hard. And so, yeah, and that's one of the nice things about real estate. mean, I don't have a hundred percent flexible work-life balance. I can't do anything I want any time I want, but if I wanna take a couple hours off, I normally can. And so I'm not scared to do that.   Yeah, yeah, that's a great answer. With all your success, what is one limiting belief that you've crushed along the way and how did you get past it?   Scott (46:15.734) Yeah, I still have a lot of them. I think we all do. But I'd say the biggest one is that doing a big deal is not that much harder than doing a little deal. I'm not going to say a hundred million dollar deal is just as easy as a hundred thousand dollar deal. But if you're smart enough to do a hundred thousand dollar deal, you're smart enough to do a hundred million dollar deal. And the people that are out there doing those hundred million dollar deals, mean, we have, we now have a hundred million dollars assets under management.   I remember a couple of years ago, looking at the people that had nine figures under management and thinking, they're different. I can't do that. These are people, went to some school that I will never go to, or they were born into something that I was never born into, or they know people I don't know, or whatever it is. No, they're normal people. And the only difference between them and me was I wasn't thinking big enough.   and I wasn't willing to take some risks and I wasn't willing to acknowledge the fact that doing again, a hundred million dollar deal is certainly within my capabilities. So that to me has been probably the biggest one and it's made it a lot easier for me now to say, okay, $50 million deal, let's go do it, not think twice.   Yeah. I had a similar experience working in, in, big law, doing house flips, doing single family rentals, things like that. And even though my clients are doing 50, a hundred million dollar deals and I'm helping them close those deals, it was just like the mindset shift that, a minute, I can do those deals too. I'm actually giving them advice on how to, how to do this thing. I need to step up my game and, and, take some.   Exactly, it's the difference between people doing a hundred million, a hundred thousand, it's all mindset.   Seth Bradley (48:00.866) Yep, absolutely. What's one actual step our listeners can do right now to start creating more freedom.   take action. So the biggest thing that I see stopping people is just this fear to take the first step. And I know this doesn't apply to a lot of your listeners, but I talked to a lot of people who want to get into house flipping or they want to get into rentals and they've been thinking about it for years and they just never take that first step and then they end up giving up. One of the the few truisms I see in this business   is that there are two types of people I meet. Number one, I meet people that have never done a deal. They've done zero deals. And maybe they're still working on it. Maybe they've given up whatever it is, but they've done zero deals. And then the other type of people I meet in this business are people that have done a lot of deals. They've done five or 10 or 20 or 50 deals. There's one type of person I never ever meet in this business. And that's somebody that's done one deal. Because if you get that one deal, you're gonna get the second and the third and the fifth and the tenth.   Nobody does one deal and then says, okay, that's it, I'm done. can't do this. So what I like to tell people is, and that applies to a lot of things in life. If you can get over the hump and do it once, you're gonna get that snowball effect and it gets easier the second time. It gets even easier the third, it gets even easier the hundred. So don't give up until you achieve that first step or that first iteration of whatever it is you wanna achieve because that's gonna get that snowball rolling.   Yeah. Yeah. We preach that on their show all the time. Just like, you know, just do a deal, just invest in a deal so you can get that experience and it'll just kind of open up your mind to other opportunities. You'll just see opportunity all around you. Once you just do one deal last but not least, how it's passive income made your life better.   Scott (49:51.886) Passive income has given me the ability and the confidence to raise a family. Before this, my biggest concern with raising a family was I didn't want to be, I had, my parents were great, but my parents were always working. And I didn't want to be the same type of father that my parents were. Again, they were fantastic, but I wanted to always be there. I wanted to be at every soccer game, every piano recital.   I wanted to be able to go into school for the parent-teacher conferences. so passive income has really given me the ability to build my life around my family as opposed to building my life around   Love that, love that. It's been fantastic, brother. We're gonna listen and find out more about you.   Yeah, anybody wants to get more info, go to www.connectwithjscott, just letter J, Scott, connectwithjscott.com, and that'll link you out to everything you might wanna find.   Awesome man. Talk soon.   Scott (50:54.945) Awesome. Thanks,   All right, Mr. Jay Scott from Master House Flipper to multifamily syndicator. He's a master of creating profitable, well-oiled business machines. I've been reading Jay's bigger pockets books for years and it's awesome to have the opportunity to have him on the show today. Major key, focus. Focus on transitioning your active income to passive income and don't get distracted. All right, if you're ready for a change, you're ready to take action.   partner with us on one of our next passive real estate deals. Go to passiveincomeattorney.com and join our Esquire Passive Investor Club. All right, kiddos, as always, enjoy the journey.   Thank you for listening to the Passive Income Attorney Podcast with Seth Bradley. Do you want more ideas on how to generate multiple streams of passive income? Then jump over to passiveincomeattorney.com for show notes and resources. Then apply for the private Facebook community by searching for the Passive Income Attorney on Facebook. And we'll see you on the next episode.   Links from the Show and Guest Info and Links: Seth Bradley's Links: https://x.com/sethbradleyesq https://www.youtube.com/@sethbradleyesq www.facebook.com/sethbradleyesq https://www.threads.com/@sethbradleyesq https://www.instagram.com/sethbradleyesq/ https://www.linkedin.com/in/sethbradleyesq/ https://passiveincomeattorney.com/seth-bradley/ https://www.biggerpockets.com/users/sethbradleyesq https://medium.com/@sethbradleyesq https://www.tiktok.com/@sethbradleyesq?lang=en J. Scott's Links: https://www.linkedin.com/in/jscottinvestor/ https://www.instagram.com/jscottinvestor/ https://x.com/jscottinvestor https://linktr.ee/jscottinvestor

Title: From Hustle to Holdings: The Smarter Path to Passive Wealth With J. Scott Summary: In this episode of the Passive Income Attorney Podcast, host Seth Bradley discusses the importance of transitioning from active to passive income with guest Jay Scott, a seasoned real estate investor. They explore various investment strategies, the significance of due diligence in syndication, and the differences between house flipping and multifamily investments. Jay shares his journey from tech to real estate, emphasizing the need for teamwork in multifamily projects and the importance of understanding market conditions. The conversation concludes with actionable insights for listeners looking to create financial freedom through passive income. Links to watch and subscribe: https://www.youtube.com/watch?v=V26Rze2S9TM Bullet Point Highlights: Active income is trading time for money, while passive income allows for financial freedom. Investors should focus on the highest and best use of their time. Flipping houses can be tedious and may not be the best use of time for high-income earners. Transitioning to multifamily investments can provide more control and cash flow. Market conditions can significantly impact investment strategies and outcomes. Due diligence is crucial when vetting syndication sponsors and deals. Understanding the underwriting process is essential for passive investors. Building a strong team is vital for success in multifamily investments. Investors should seek to understand the risks associated with their investments. Passive income allows for a lifestyle centered around family and personal interests. Transcript: Seth Bradley (00:10.188) What's going on, law nation? Welcome to the Passive Income Attorney Podcast, your favorite place for learning about the world of alternative passive investments so that you can practice when you want to and not because you have to. Now, if you're ready to kick that billable out of the curb, start by going to attorneybydesign.com to download the Freedom Blueprint, which will also get you access to partner with us on one of our next passive real estate investments. All right, let's talk about   the highest and best use of your time. We've talked about active versus passive income and for good reason, they are completely different. They're on opposite sides of the spectrum. When we talk about active income, we're talking about your job as an attorney, as a doctor or a business owner, where you trade your time in for money out. Depending on your skill set, background, education, work ethic, et cetera,   You know, this could be a great use of your time or it could be a terrible one. But when most people think about getting into real estate investing, they're torn. Should you do a fix and flip like you saw on HGTV? Should you invest in a REIT like your financial advisor and Charles Schwab told you to do? Should you buy a single family rental or invest in a syndication? There are endless options so I can understand why it's so confusing. Well, start with this.   ask yourself, what's the highest and best use of my time? If you're thinking about doing an HGTV fix and flip and your partner at a big law firm, for example, is that flip really the best use of your time? And don't be mistaken, a flip is transactional and it is active. So will you make more per hour on that fix and flip than you would at your job?   After you factor in the learning curve, the deal sourcing, the headaches, what it takes away from your job and everything else, it's not even close. Unless you truly love doing it, which some people do, it just doesn't make sense for high income earners. You should be focusing on transforming the income you earn actively into passive income streams. At different levels on the passive scale, that could very well be a single family rental or an Airbnb.   Seth Bradley (02:34.26) or could be passive investments into commercial syndications. But if you truly want to obtain financial freedom as quickly as possible, don't create more time consuming activities that aren't as fruitful as the active income stream that you already have. Focus on passive investments until you are financially free. And then you will have the freedom to transition or not into any   active activity you have a passion for. Today, we have a very special guest, Mr. Jay Scott of Bigger Pocket fame. Jay is an entrepreneur, investor, advisor, and the co-host of the Bigger Pockets Business Podcast. He has bought, built, rehab, sold, syndicated, and held over $70 million in residential property, and currently owns several hundred units. Jay is the author of four bestselling books on real estate investing,   with sales of over 300,000 copies. Get really excited for this, folks. You're in for a treat.   This is the Passive Income Attorney Podcast, where you'll discover the secrets and strategies of the ultra wealthy on how they build streams of passive income to give them the freedom we all want. Attorney Seth Bradley will help you end the cycle of trading your time for money so you can make money while you sleep. Start living the good life on your own terms. Now, here's your host, Seth Bradley.   Jay Scott, what's going on, brother? Welcome to the show.   Scott (04:09.196) Thanks. Appreciate you having me here Seth.   Absolutely, man. Appreciate you taking the time out of your day, We've got a little bit of history, but let's jump into your history, man. What's your story? Tell us about your background. Take it back as far you'd like to.   Yeah, I'll keep it short because nobody really cares about what I used to do. So I'm a tech guy by education and former trade. I worked in Silicon Valley for a long time, spent about 15 years doing the engineering thing and the product management thing. 2008 decided to get married. My wife and I, she was in the tech world also. We decided to leave and do something different so we could start a family.   focus on our family. Basically, we were both working ridiculous hours and it just wasn't sustainable if we wanted to start a family. So put our jobs in 2008, moved to the East coast, ended up flipping houses. Long, boring story about how that started, just kind of serendipitous. We didn't really plan it, never really considered real estate, but fell into flipping houses. Over the next eight years or so, we flipped about 400, 450 houses, was great. It ended up being the,   next career we were looking for, it gave us the flexibility to kind of raise our kids and never have to miss a soccer game or a piano recital, which was fantastic. But then around 2017-ish really got burned out on flipping houses and that's when I started to look for some new stuff to do. and that kind of leads me into what I've been doing the last few years.   Seth Bradley (05:41.742) That's awesome, man. That's a ton of houses you flip, man. think that that's, know, a lot of the folks who've been in the game for a long time, they've heard you speak on, you know, on bigger pockets and all of that. So, you know, what attracted you originally to house flipping rather than, you know, buy it holds or anything like that?   So I'll be honest, I don't love real estate. I love business. I'm a business guy. like when I was even when I was in the tech world, I got my MBA and I did some business development and I moved from the engineering side to the product side where I could be more involved in the business stuff. And I'm a business guy by heart. And that's what I love doing. So when it came to flipping houses,   For me, was, I could have been buying and selling anything. It ended up being houses. And again, not an exciting story. mean, literally the story was my wife was watching a show on HGTV with some people flipping houses and she said, let's give that a try. Just as kind of like a fun thing to do on the side while we were waiting for our wedding to come up. So it wasn't something that I ever thought about or planned to do. It just kind of happened.   And so if it weren't flipping houses, it would have been buying and selling something else. would have opened a restaurant or I would have opened a retail store or who knows what I would have done. But for me, the challenge was in the business. It wasn't the real estate piece of it. And so I've always enjoyed the scaling part. So yeah, flipping a house is great. Flipping five houses is great. But I always wanted to know, how do I go from flipping five houses to flipping 50 houses in a year? What are the systems and processes I have to put in place?   how do I build that type of business? That to me is what's exciting. And so for me, it's always been about not the real estate part of it, but about the building the business part of it.   Seth Bradley (07:25.248) I love that man. I don't think I've heard anyone just come out and say that, even though a lot of people are probably in the same boat as you that, you know, you don't have to love real estate to recognize that it's a great business. Right. Yeah. So that that's awesome. So tell me a little bit about your, your transition and what you're doing now, your current business, how you kind of progressed from house living to what you're about to tell us about.   Yeah, so 2017, I just got really burned out on flipping houses. It was good to us financially. We got good at it. I wrote a bunch of books on it, but I'll be honest, it was never fun. And as the years went on, it just ended up getting more tedious. I felt like I wasn't learning anything new. It was revising processes and creating new systems. it was fun, but I needed some new challenges.   So 2017, I decided, okay, done with flipping, actually went and started doing some business stuff. So I do some advisory work for some tech companies. I do some angel investing. And so for a few months, I actually considered getting out of real estate altogether, focusing on other business pursuits. But I actually, what I realized was that I didn't like the nuts and bolts of real estate. I liked the mechanics of real estate.   I loved the negotiation piece. I loved the asset management piece. I loved the putting deals together piece and I was good at it. And so while I really didn't wanna be flipping houses, didn't want to be involved in the day-to-day aspects of managing the projects. I enjoyed the deal part of real estate. And so in addition to that, after I stopped flipping, I had all this cash.   And I was like, okay, what am I going to do with this cash? I was using it to flip houses. We were doing 50 houses a year. It's put a lot of cash to work. Now I had all this cash. I'm a control freak. do invest in other people's syndications, but I don't sleep well at night when all my money is being managed by other people. So I said, how do I kind of take back control of my own cash as well as kind of get back into real estate? What can I do in real estate that I would enjoy? And now I can also deploy a bunch of my own cash. And what I realized was multifamily.   Scott (09:38.648) That was a great opportunity. And I had been thinking about multifamily for a long time. But what I realized was from the syndication side of multifamily, could, one, I could have the control. could be a general partner. could control the deal. I could put the deal together. I could manage the deal. But also I could come in on the limited partner side as an investor. And it was a great place to deploy my capital. So I could deploy my capital in deals that I had full control over. So 2017, I decided I wanted to get into multifamily, probably wanted to get into syndication.   I reached out to a friend of mine, Ashley Wilson, who managed a company called Barred Down Investments. She and her husband had started the company a couple of years earlier. They were doing exactly what I wanted to do. And so I reached out to Ashley and I said, hey, I would love to learn multifamily. I don't expect you to like just take all this time and teach me so I can often be your competitor. But here's what I am willing to do if you're willing to do this. I will come work for you for a year.   And in that year, you've got all my time, you've got all my energy, you've got all my knowledge, you've got all my contacts, I'll put money into your deals, whatever it takes. You mentor me for a year, you've got my commitment for a year. After a year, we can figure out if like, there's a place for me on the team or if I'll go off and do my own thing. But basically, let's work together for a year. And she loved that idea. mean, I think she liked the fact that I was really good with the systems and the processes and the operation stuff.   And I obviously loved the fact that I could jump into a team that was high functioning, already owned a lot of properties and was doing deals. So for the next year, I worked with her team. It took about a year and a half before we finally did a deal. But 2020, just before COVID, we started putting together a deal. That deal went really well. Ashley and I realized that we were like, just we made a great team.   We had a bunch of complimentary skills, the things that she was really good at, I wasn't, the things I was really good at, she wasn't, it was just a good partnership. Around the same time, her husband decided that he didn't really want to be doing real estate anymore. He kind of wanted to be a stay at home dad. He liked helping with the business. He ran the underwriting team and he did a lot of the analytics, but he didn't want to be a partner in the business anymore. So about a year and a half ago, Ashley came to me and said, Hey, would you want to join me and be a partner in the business?   Scott (11:57.678) 2020, 2021-ish. Ashley and I joined forces. She and I now run bar down investments and we do value add multifamily all around the country.   That's great man, said you weren't having fun anymore, you having fun now?   I'm having a ton of fun. And I think the big difference between then and now is when you're flipping houses, flipping houses is a very, it's a solitary venture. Yeah, you have contractors around you and you have eight real estate agents and you have closing agents and lots of 1099 people, lots of vendors and people that come in to help you. But at the end of the day, you're running the show. You're doing the four big things that you do when you flip houses.   you're acquisitions or you're running acquisitions, you're doing the rehab or you're running the rehab, you're doing the disposition or managing the disposition and you're raising the money. mean, all four of those things, you don't generally have a big team to do those things because it's just hard to scale a big team when you're flipping houses. The profits aren't there, the margins aren't there. Unless you're doing real high-end houses, the deal size isn't there. But in multifamily, the thing I love about multifamily is it really is a team sport. When you're doing it,   $10 million deal or a $50 million deal, it's not something that I could ever do myself. It's not something anybody or very few people can do themselves. Typically you have to be part of a team because things are very specialized. mean, the acquisitions piece, you need some of the best acquisitions people in the world to be finding deals in this market. The renovation piece to be renovating a 200 or 400 or 600 unit apartment complex, it's not like flipping a house. You need to have really good systems and processes. need to...   Scott (13:36.448) really know the renovation side of things. Managing the property, I mean, you have to know the asset management side. You have to know how to carry out a business plan. You have to know how to increase and reposition rents. You have to know how to decrease expenses and improve the efficiency of the management. And then on the sales side, that's a whole other world where you have to really know the market and be able to work with the brokers and know how to position the company for sale. And then finally, there's that raising funds piece.   And that's a whole world by itself, whether you're dealing with raising debt through a broker and you're going like just typical, like getting loans, or you're going out to private investors or institutions and you're raising equity, people that come in as partners. And I mean, that's a full-time job in itself, those two things. So when you do multifamily, you really need to figure out what are you great at? And then you need to surround yourself with people who are great at everything else. And so that's what I loved about multifamily. It allowed me to focus on what I was really   and then bring in people who are literally the best in the world at all the other stuff. And now it becomes a team sport. It goes from playing tennis to playing basketball. It goes from being yourself reliant and you have to do everything and be the best versus you have to be able to put together the best team and manage that team in a way that not only is everybody fantastic, but working together, they're better than the sum of their parts.   Yeah, yeah, that's fantastic, man. The whole team game part of multifamily and commercial real estate. It's really interesting because when you get into other businesses, it feels more competitive and kind of like if you if you have the secret sauce, you keep it close to your vest. You don't you don't tell everybody about it. Whereas when you're in this commercial real estate world, everybody's sharing ideas. Everybody's trying to partner. Everybody's trying to see how they can help you rather than just looking about, well, how can you help me kind of?   I call it, I'm gonna get in trouble here, but the Hollywood mentality where it's like, what can you do for me? Oh, you just drive a three series, you probably can't help me. So it's a different attitude.   Scott (15:41.294) Absolutely. I like to refer to it as co-op petition. It's like there are deals that you're going to do with other people and then there deals you're going to do yourself and you may come back to those people later. You may never come back to them, but everybody kind of looks out for each other because you never know when you may end up in a deal with somebody that previously you were competing against. And so anytime that you're not in a deal with somebody, you're still treating them as if, the next deal we could end up being partners. And the deal after that, we could end up being partners.   because it really is, it's a small industry, everybody knows each other. we really, again, going back to the sum of the parts is greater than the parts themselves. mean, working together, we can really do a whole lot more than if we just are purely competitive and try and take each other down.   Yeah, absolutely. And I think kind of going back, there's a lesson to be learned about how you were transitioning from house flipping and you were the best at it. And then you're like, okay, I want to go into multifamily and a syndication. You went and you sought out someone that was already in the game that knew what they were doing, that had the experience. And you said, what can I do to help you? What value can I bring to you to help you so you can teach me what you've done? And there's a lot of value to be found in that lesson for folks that are trying to   you know, get into the active side. A lot of listeners out there are passive investors already and they're, you know, maybe thinking about, maybe I want to do in the active side. And they're like, well, what can I do? Cause a lot of attorneys, especially in doctors and folks like that, they think they have this one track mind. They're only trained to do one thing. And they're like, what value can I provide as somebody else? But there are a lot of skills that you've learned in your W2 profession that you can apply to help other folks that are already in the industry.   Absolutely. I mean, I talk about it a lot, but even outside of real estate, I do a lot of advisory work and I'm still pretty active in the tech world. And I find companies that kind of bridge that gap between technology and real estate. all know about the Zillows and the Airbnb type companies. There are a lot of startup companies in that space too called property technology type companies. so...   Scott (17:46.998) I love to use my experience, my knowledge, my relationships to go into those companies and help them grow their companies. In return, I'm not an employee. I'm not even a 1099 contractor. In return, I'm getting equity so that if I can help make them successful, ultimately my equity is gonna be worth something. I'm gonna be successful as well. And so what I like to tell everybody like figure out what you're good at and then figure out who needs that expertise.   and then figure out how you can offer that expertise in a way that isn't trading necessarily hours for dollars. Figure out how you can trade your expertise, your knowledge, your Rolodex, your whatever it is for equity or potentially passive income so that you can grow potentially many fold as opposed to I charge $200 an hour or $300 an hour. mean, everybody loves $300 an hour, but the minute you stop working, you stop making that money. But if you can get equity, that equity can work for you for a while.   Yeah, absolutely. And it's tough for a lot of the WTs out there listening, they're highly paid professionals. It's tough to get off of that treadmill. For some folks it's easier because they're not making as much money, but for the lawyers, the doctors out there that are making a good amount of money in their profession, it's tough to try to see, you know, to stop trading time for money. But you've got to kind of see through the weeds there.   Yeah, well, what I tell people is, there's two types of income. There's your active income. That's the stuff that you're trading your time for, whether you're a doctor or a lawyer or an engineer or you're a house flipper or you're a consultant or you're a small business owner, whatever it is, that thing that when you stop working, you stop making money. And then there's a passive income. It's the thing you trade money for money. So you put your money out there and hopefully it continues to come back to you for the rest of your life or at least the next several years.   And so what I like to tell people is don't think about those the same. Those are completely different. figure out for your active income, figure out what the highest and best use of your time is. If you're gonna make more money as an attorney than you are flipping houses, don't flip houses just because you eventually want to retire on real estate. You can always use real estate for the passive side of things, but if you're gonna make more dollars per hour as an attorney or a doctor or a consultant, then do that because you wanna get out of that active income as quickly as possible.   Scott (20:05.9) And the way you do that is you make as much as you can and you move it over to the passive side. So focus on whatever it is that's generating the most dollars per hour for a shorter period of time so that you can then start moving that money over to the passive side and start building up the passive side. don't, people ask me all the time, should I flip houses or should I buy rentals? And I'm constantly telling them that's not the right question. Flipping houses is your active income. Compare that to all the other.   potential active incomes you can have. And rentals is passive income. Compare that to all the other passive investments you can make. And so don't say flipping houses or rentals say, should I be flipping houses or should I be an attorney? And don't say, I be flipping houses or rentals say, should I be doing rentals or should I be investing in syndications or dividend generating stocks or something else? And think of them very differently. then secondly,   Make sure as much of that active income as you can, move it over the passive side so that you can start that snowball rolling. I compound interest is the key to financial freedom. And the sooner you can put more money to work, the faster it'll compound and the sooner you can start to live on.   Yeah, I love that man. mean, lot of folks, you know, calls that I take, they're like, hey, they're attorneys. Should I quit my job or how do I quit my job? I'm like, if you want to quit your job, don't be hasty about it. First of all, you're probably making a good amount of money in your active income. You just need to figure out a way to transition that active to passive income and don't just quit your job. It's very difficult to flip houses, to do an HGTV fix and flip while you're working at a big law firm or something like that full time.   I tried to do it, I didn't do it very well. You're not even gonna make it nearly as much money as you would as a doctor, as an attorney, unless you get to level like you did, Jay, but that takes time and that takes a buildup of accumulation of skills and money to be able to get to that level.   Scott (22:05.826) Yeah, I mean, at the end of the day, it's a math equation. mean, your passive income or your ability to build up enough income to be able to retire, whatever your number is, is based on how much can you put in per month into that wheel, that passive income growth machine? How much are you generating every year on what you're putting in? So what do your returns look like? And three, how long do you have to compound it?   And so everybody can go out into a compound interest calculator and say, okay, I have $5,000 a month that I can invest passively and I can return 12 % per year and I need $6 million to retire. Well, based on those three numbers, you can now figure out that fourth variable, is how long is it going to take? And so figure out how much do you have per month to put in? What's the rate of return you can generate and how much do you need? And that'll tell you how long it's going to take or   figure out how much you have to put in, how much your return is gonna be and how long you wanna spend. And that'll tell you how much you'll end up with at the end, either way you wanna look at it. But again, it's a pretty simple math equation, but too many people don't actually do that equation where they don't think about it until too late and they think, I wish I would have taken that $5,000 a month that I was spending on my second home in the Bahamas and put that into real estate so that I could have been.   compounding it and so now I could buy that home for cash five years or 10 years later.   Absolutely. Attorneys hate math, but I think they can handle that little equation. I want to take a step back for a minute because you got into house flipping in 2008, which is kind of like around the big crash. And now we're kind of at the height of a market. We don't know where that height is going to end, but we're definitely in it. Right. So can you maybe compare and contrast getting into, let's say,   Seth Bradley (24:01.652) one real estate venture in the middle of a crash compared to getting into another venture kind of towards, towards the upswing.   Yeah, so it's one of the reasons I like multifamily and I like commercial and I like syndication. Anytime you're doing purely transactional deals, buying something and then selling it, not generating any cashflow in between, you run a risk. If the market turns in the middle of the transaction, you're gonna lose money and you don't have a lot of ways to mitigate that risk.   Whereas if you're buying something like an apartment complex, or even if you're buying a rental property, or you're buying a self-storage complex, or you're buying anything that cash flows, the nice thing is if the market turns, you may not be in a great position. You may not be thrilled with what's happening with the value of your assets, but if you're still generating cash flow, you can weather that storm. Maybe it's gonna take, the average recession lasts about 18 months. And so if you can make enough income that you can keep yourself afloat for 18 months, or maybe   it's a horrible recession and it lasts three or four years. If you're still making income and you can keep yourself afloat for three or four years, the market's gonna come back. And so when we do our multifamily deals, yeah, we typically say we're planning to hold three to five years, but we also do all the underwriting to ensure that if we have to hold for six years or eight years or even nine or 10 years, that the numbers still work because.   Again, who knows what's gonna happen three years down the road, we could have a major recession that lasts four years and now we're seven years down the road. I wanna know that my multifamily investments in seven years, they're probably gonna be producing more cashflow. We're probably gonna see more growth in terms of population. We're probably gonna see more growth in terms of employment. Hopefully we're gonna see more wage growth once we come out of that recession. So all the economic indicators that kind of lead towards value growth in multifamily,   Scott (25:58.486) are going to happen over those seven years if I can just get my property seven years and not lose it. With a flip, well, I'm not generating any income. So if the bank calls the loan due or if my two-year loan comes due and I can't refinance, I'm screwed. But in a multifamily, I just waited an extra couple of years and I'm probably in a better position than I was anyway. So that's one of the reasons I love multifamily because we can't predict   what the economy is gonna do in the next couple of years. But I do know that whatever the economy does, it's probably gonna come back in the next five or 10, and I'm still gonna have the problem.   Yeah, yeah, that's great. That kind of rolls into this next question. How does a passive investor that's kind of vetting a sponsor, how do they check kind of the boxes to see if their sponsors are taking the extra measures to look into those risks that you just mentioned, to mitigating those risks, to taking those risks into account in their underwriting and things like that. How can they best vet the sponsor to make sure that they're thinking of those things?   So I invest in a lot of other people's syndications as well as my own. And so when I do that, I kind of look at five areas for due diligence anytime I invest in a syndication. Number one is the team. And that's probably the most important thing. For a lot of people, I have been pleasantly surprised that a lot of our investors have recognized that team is the most important aspect of the deal. I know in the flipping world, everybody was concerned about the deal. Nobody cared about   what was my experience, but in the multifamily world, a lot of investors recognize that the team has to be great. So number one is the team. Number two is location. Location is often overlooked, but at the end of the day, the thing that's gonna drive value for multifamily and for commercial real estate in general is gonna be population growth. So you want more people coming into an area, employment growth. So you want more employers coming into an area that will bring more people in. You want wage growth because that will ultimately drive rents up.   Scott (28:06.082) and you want employment diversity. You wanna know that if one industry takes a big hit, so for example, we invest in Houston, but we won't invest in the energy corridor of Houston because it's so reliant on oil and gas, that if the oil and gas industry took a big hit, the real estate around there would probably take a big hit. So we wanna see that there's good employment diversity. But at the end of the day, location is that next big thing. So team, location, number three is the deal itself.   So you need to know that the deal is gonna stand on its own. I wanna know that if I took a deal and I handed it to pretty much any other indicator, they couldn't mess it up too badly. Obviously, again, we're gonna go back to the team is super important, but I want the deal also to stand on its own. And I wanna know that the business plan for the deal, the hold period, the numbers and the underwriting, the pro forma for the property makes sense. So team location deal.   Number four is the returns. So obviously when I invest with somebody, I'm in it for the money. And so I wanna see that the returns are commensurate with the risk. I wanna know that the returns, if somebody tells me I'm gonna get 10 % returns in this deal versus 20 % returns in another deal, I wanna know, well, why am gonna settle for lower returns? I want the answer to be because it's a lot lower risk or because you're gonna get your money back a lot sooner, which is gonna allow you to compound it or whatever the answer is.   I want to know that the returns make sense given everything else. And then finally is the risks. At the end of the day, I'm always going to sit down with the syndicator and I'm going to say, what are you most concerned about here? Like where, if I'm going to lose money on this deal, where am I most likely going to lose money? They say, there's no shot of losing money. walk away because we all know every deal has risks and every syndicator knows what those risks are. And they're thinking about those risks. I just want them to tell me.   So if I'm gonna lose money on this deal, where am I most likely? Why am I most likely to lose money if I'm going to lose money? So those are the five things that I look for. Talking about each individually a little bit more. the team, I like to know that one, I wanna see how many deals the team has done together because again, like a basketball team, you can put the best basketball players in the world together. And if they've never played on the court together,   Scott (30:31.672) they're not gonna be necessarily the best team out there. You can find another team with five inferior players who have been playing together for 20 years and they're probably gonna be better because they know each other better. So I like to see teams that have worked together for a while. I like to see teams that have gone full cycle in deals. So it's easy to buy 10,000 units. It's hard to buy 10,000 units and also sell 10,000 units for a profit. So I wanna see that if a team has bought a lot of deals, they've at least sold some for a profit.   I wanna see a team that's putting their own money in the deals. So I want people that have skin in the game. If they don't have skin in the game, and I've seen plenty of syndicators that don't like to put money in the deals, well, they need to sweeten the pot for me somehow. So maybe they're saying, we're not gonna take any profits until at least year three, or we're gonna give you a better preferred return, a better split than you would get if we were putting money in the deal. I wanna know if you're not putting money in.   that you're at least giving me something that aligns our interests and ensures that you're gonna be working hard even though you might not have as much financial risk. So those are the types of things I like to see in the team. I like to see things like at least one or two people working full-time. If everybody's part-time, that's kind of a little bit scary. Obviously not everybody has to be full-time because there are a lot of jobs on a GP team that aren't full-time jobs. There are a lot of jobs that might stop the day you purchase the property. Like the person that's raising money, job's   pretty much done other than communicating status when the property's been purchased. But I do want to know that whoever's managing the asset is doing it full time. So that's kind of the team stuff. Location, again, population growth, employment growth, wage growth, and employment diversity. So those are the four big things I look for. Next is the business plan. So I want to see the biggest question when somebody goes in and...   does what I do, which is a value add multifamily. Basically they buy it, they raise the value of the property and then they sell it for a big profit. Where is that profit coming from? Generally the profits coming from raising the rents. There's also some lowering the expenses, but at the end of the day, raising the rents is kind of the big thing that's gonna generate the big profits in multifamily. And so I wanna know how are you raising the rents? And two, when you tell me that you're raising the rents from X to Y, where is Y coming from?   Scott (32:55.182) Show me the comps that tell me that why is a reasonable new rent, market rent for this property after you've done the renovation. So I wanna see the comps. So that's kind of the deal. The returns speaks for themselves. I wanna see like the structure of the deal. So when's the money coming back to me? Is it paid monthly? Is it paid quarterly? What are the returns look like? What's the preferred return? So is it a low preferred return, which means   that the syndicators are getting paid sooner, whereas at a higher preferred return, which means the syndicators have to do more for me before they take anything home. So that speaks for themselves. And then for the risks, I wanna know both the catastrophic risks. So what's the thing that's like going to make me lose all my money? Is there something out there that can cause me to lose all my money? Hopefully the answer is no, but there are probably some risks that are bigger than others. So we do a lot of deals in Houston. If somebody were to say to me, what's the biggest risk on your deals?   The answer is generally going to be weather. If we have a really bad hurricane, if we're in a flood zone, we probably have flood insurance and we have hurricane insurance. But if it's in a place that's never experienced the negative impacts of a flood or a hurricane, and we are not required to have flood insurance, but there's still a massive hurricane that wipes out that property, that's not going to be good. We're going to have to pay for that ourselves. So what's our mitigation there? We don't have a great one. Luckily.   the risk is really low. We don't buy in areas where there is that risk. And if there is, we're gonna get flood insurance. But I do want my investors to know that no matter where you invest, whether it's a risk and especially in Houston, if we see a storm bigger than anything we've seen the last 50 years, some of our properties could be at risk. And then there are the smaller risks. So maybe there's five other complexes being renovated all around us. Maybe there's class A, brand new class A being developed.   all around us. So basically our absorption of units is going to slow down because there's so many more units. Maybe there's one big employer in the area. Amazon just built a warehouse that's employing 8,000 people. Well, what happens if Amazon has a bad year and has to lay off 4,000 of those people? How's that going to affect us? So, so risks is the next thing. And the way I approach it is I literally sit down with the, with the syndicator and say,   Scott (35:15.554) What keeps you up at night? What are the biggest things you're concerned about? And so those are the things that I do. I have no problem basically saying to a syndicator, I need 15 or 30 minutes of your time to ask these questions. Typically the good ones will either find the times themselves or have somebody on their team that will sit down and answer these questions. If they're not willing to answer those questions, well, that's probably a good indication that that's not a good team.   Yeah. For our listeners out there, that breakdown was incredible. Rewind that, listen to those five items again. That's a quick, but thorough and awesome rundown of what you need to do. Just as at least the starting points for your due diligence. And that's, that's great that you said if they won't book a call with you either themselves or an investor relations person on their team, then it's time to, you can just walk away and look at the next, look at the next deal. One question I had on the deal.   So a lot of folks, it's kind of overwhelming to see an underwriting model or something like that. And being a passive investor, I don't know how much you even want to dive into it. Some people do, some people want to nerd out on it. Most people don't. And we don't generally have access to the T12 or the rent roll or anything like that. What are maybe some quick tips on how to maybe proof through that pro forma to make sure that the assumptions are reasonable and the pro forma is generally   a reasonable prediction of what we might expect from that investment.   Well, let me start, me take a step back before I answer that particular question and just say that even for you and me, mean, you know how to do an underwriting, I know how to do an underwriting. If you or I were gonna invest in somebody's deal, Joe Smith's deal, we're probably not gonna have enough information even though we know this business really well and we know the underwriting models really well, we're probably not gonna have enough information.   Scott (37:08.908) that we're going to be able to know for certain that Joe Smith's not trying to scam us out of money. So if Joe Smith is really smart and he could probably put together an underwriting that could fool us because we're just not gonna be putting in as many dozens of hours underwriting as he and his team are. So the number one thing I would say is make sure you trust your syndicate. This goes back to why team is so important.   because there's two types of things that Joe Smith can do. One, he could do a bad job of underwriting and come up with bad numbers. That's not good, but that's not nearly as bad as Joe Smith wanting to scam us out of money. So number one is make sure Joe Smith's not the kind of guy who wants to scam us out of money. And so work with people who are reputable. And that's why I would invest with you before I would invest with 95 % of syndicators out there because you're an attorney, you passed the bar.   you know that if you go and somebody finds out that you're trying to scam somebody, well, you're putting your entire career at risk. And so what I tell people is, so what do you have that really proves that this person is on the up and up? And maybe it's a track record. Maybe it's 10 or 15 years of doing deals. Maybe it's, I like to think with me, I've been doing this business for 15 years. I've done thousands of deals with hundreds or thousands of people.   And if you go out on the internet, nobody's gonna, you're not gonna find anything that's written negatively about me. So that's a good sign. But make sure that there's something out there that gives you faith in that syndicator, even if it's just somebody else that's invested in a couple of deals with them. So that's number one. So that's the way to rule out that catastrophic, they're trying to scam you risk. Then there's the more likely, what if they just didn't do a good job of underwriting risk?   And so for that, would say for people that have very little knowledge of how the underwriting works and how the numbers work, it can be really difficult. And so what I like to do is, or what I recommend people do is sit down and ask to do a Zoom call for 15 minutes with the investor relations person and say, hey, will you kind of walk me through the high level underwriting? And at least force them to go through and then just ask questions.   Scott (39:30.958) when they say something, even if you have no idea what you're talking about and they say, well, it looks like we're gonna be able to reduce expenses by implementing a rub system, blah, blah, blah. Oh, okay, well, what is rubs and how does that work? And at least make them explain it to you. At least then you'll get an idea that they're not making it up as they're going along, or at least you'll get that confidence that it sounds like they know what they're talking about. But the biggest thing that I would say is that whole comps thing.   And this is a question that a lot of people don't like to ask. But I actually, and when people ask me this question, it always makes me nervous because it's the hardest part of the business, but it impresses me when people do. to the underwriting or the investor relations person, what are the comps that you used for your post renovation market rents? So again, the thing that drives values in multifamily is after the renovation is completed, in theory, you should be able to bring your rents up higher.   and your rents, those higher rents, you should be able to figure out what they are by looking at other units that have already been renovated and seeing what their rents are. So if I buy one, two, three Main Street, and I know I'm going to put $8 million into it, well, now that property is going to comp out to 678 Main Street. And well, what are the rents at 678 Main Street? And so by asking, hey, so you're buying one, two, three Main Street, what are the comps for the rents after you renovate?   and they tell you, it's going to be 678 Main Street and 123 Smith Street, whatever it is, you can then go look up those properties and say, okay, well, it looks like a two bedroom at those properties is renting for 1200. Now I go back to the investor relations person or whatever information they gave me I see, oh, okay, after renovation, they have their rents at 1200. Makes sense. If that's a reasonable comp, they now have the rents at kind of where they should be.   If he says that six, seven, eight main streets, a comp, and you go look in a two bedroom at six, seven, eight main streets, 1200, but their underwriting tells you that after they do the renovation, they're going to be charging 1500. Well, why are you now $300 above this property that you said was a comp? And so that to me is kind of the first thing that I look at or the biggest thing I look at is what are the comps that they're using and does just a kind of first pass.   Scott (41:57.762) jumping on apartments.com or calling the complex and asking them what different things rent for. Does that coincide with what they're telling you their post renovation rents are gonna   Yeah, I love that man. I mean, it's not as simple as just going into an old dilapidated apartment building and saying, I'm to put granite countertops and hardwood flooring and stainless steel appliances in there. And then I'm going to triple the rent or double the rent. It's not that easy. If it's not in the right area that could support those, those market rents or that have potential tenants that want those types of things, it doesn't work. So that's why that's so important to check those comps to see what's around those apartments that you're going to be investing in to see if, they can achieve those.   those proforma rents. All right, man, before we jump into the freedom four, what's one last gold nugget for our listeners?   Absolutely.   Scott (42:45.634) Yeah, so again, what I would tell people is figure out your highest and best use on your active side. And then for the passive side, figure out how you're gonna scale. And I know a lot of people like to invest in a whole lot of different things, but I'm a big fan of doing some work so that you don't have to diversify as much. Diversification is great, but diversification,   is for people who aren't really an expert in anything. If you want to get your best returns, the way to get your highest level of returns is not to have to diversify. And the best way not to have to diversify is to get knowledgeable about whatever you're investing in. So if you decide you wanna invest in all your syndications, just cause that's what you and I do. So it's an easy example. If you want to invest in syndications and that's how you wanna grow your nest egg, my recommendation is,   get as much information about syndications as you can. Pick up a good book on syndications. Go find somebody that does syndications and say, hey, I'd to pay you a thousand bucks for five hours of your time. Or you just to walk me through what a typical deal looks like or what the underwriting looks like. Or go sit in on a hundred multifamily syndication investor videos, presentations. So you can see all the different things they're talking about and become as much of an expert there as you can. So that way you're reducing your risk without having to do a lot of the.   diversification. So focus on whatever your highest and best use of time is on your active income and then become as knowledgeable as you can for whatever you're investing in passively. What I like to say on the passive side is it's not truly passive. Nothing's truly passive. But the best investments are the one where all the work is done upfront. You do your due diligence and then it becomes passive.   Yeah, that's awesome, man. And then what you can do though is diversify within that strategy, right? Absolutely. Yeah, different asset types can have different business strategy, value add, or maybe you're dealing with just a class A where you're chasing yield or across different cities, different geographies, or across different sponsorship teams. There's other ways to diversify within that same type of investment strategy. Yep. All right, man, let's jump into the Freedom 4.   Scott (45:05.598) It's time for the Freedom Four.   What's the best thing you do to keep your mind and body healthy?   So for me, it's admitting when I need a break. I know so many people that it's a badge of honor to work 80 hours a week, 52 weeks a year, never take a vacation. I'm just the opposite. If I wake up one morning and I'm tired and I don't feel like working and I don't feel like I'm gonna be productive, I will grab a book. I might even turn on the TV. I might say to my wife, hey, let's go to breakfast or let's go spend the day, let's go to a movie.   And I have no qualms with just saying, I need a break today. Today's not gonna be a productive day. I don't need to pretend to work just so I can have that badge of honor that I work hard. And so, yeah, and that's one of the nice things about real estate. mean, I don't have a hundred percent flexible work-life balance. I can't do anything I want any time I want, but if I wanna take a couple hours off, I normally can. And so I'm not scared to do that.   Yeah, yeah, that's a great answer. With all your success, what is one limiting belief that you've crushed along the way and how did you get past it?   Scott (46:15.734) Yeah, I still have a lot of them. I think we all do. But I'd say the biggest one is that doing a big deal is not that much harder than doing a little deal. I'm not going to say a hundred million dollar deal is just as easy as a hundred thousand dollar deal. But if you're smart enough to do a hundred thousand dollar deal, you're smart enough to do a hundred million dollar deal. And the people that are out there doing those hundred million dollar deals, mean, we have, we now have a hundred million dollars assets under management.   I remember a couple of years ago, looking at the people that had nine figures under management and thinking, they're different. I can't do that. These are people, went to some school that I will never go to, or they were born into something that I was never born into, or they know people I don't know, or whatever it is. No, they're normal people. And the only difference between them and me was I wasn't thinking big enough.   and I wasn't willing to take some risks and I wasn't willing to acknowledge the fact that doing again, a hundred million dollar deal is certainly within my capabilities. So that to me has been probably the biggest one and it's made it a lot easier for me now to say, okay, $50 million deal, let's go do it, not think twice.   Yeah. I had a similar experience working in, in, big law, doing house flips, doing single family rentals, things like that. And even though my clients are doing 50, a hundred million dollar deals and I'm helping them close those deals, it was just like the mindset shift that, a minute, I can do those deals too. I'm actually giving them advice on how to, how to do this thing. I need to step up my game and, and, take some.   Exactly, it's the difference between people doing a hundred million, a hundred thousand, it's all mindset.   Seth Bradley (48:00.866) Yep, absolutely. What's one actual step our listeners can do right now to start creating more freedom.   take action. So the biggest thing that I see stopping people is just this fear to take the first step. And I know this doesn't apply to a lot of your listeners, but I talked to a lot of people who want to get into house flipping or they want to get into rentals and they've been thinking about it for years and they just never take that first step and then they end up giving up. One of the the few truisms I see in this business   is that there are two types of people I meet. Number one, I meet people that have never done a deal. They've done zero deals. And maybe they're still working on it. Maybe they've given up whatever it is, but they've done zero deals. And then the other type of people I meet in this business are people that have done a lot of deals. They've done five or 10 or 20 or 50 deals. There's one type of person I never ever meet in this business. And that's somebody that's done one deal. Because if you get that one deal, you're gonna get the second and the third and the fifth and the tenth.   Nobody does one deal and then says, okay, that's it, I'm done. can't do this. So what I like to tell people is, and that applies to a lot of things in life. If you can get over the hump and do it once, you're gonna get that snowball effect and it gets easier the second time. It gets even easier the third, it gets even easier the hundred. So don't give up until you achieve that first step or that first iteration of whatever it is you wanna achieve because that's gonna get that snowball rolling.   Yeah. Yeah. We preach that on their show all the time. Just like, you know, just do a deal, just invest in a deal so you can get that experience and it'll just kind of open up your mind to other opportunities. You'll just see opportunity all around you. Once you just do one deal last but not least, how it's passive income made your life better.   Scott (49:51.886) Passive income has given me the ability and the confidence to raise a family. Before this, my biggest concern with raising a family was I didn't want to be, I had, my parents were great, but my parents were always working. And I didn't want to be the same type of father that my parents were. Again, they were fantastic, but I wanted to always be there. I wanted to be at every soccer game, every piano recital.   I wanted to be able to go into school for the parent-teacher conferences. so passive income has really given me the ability to build my life around my family as opposed to building my life around   Love that, love that. It's been fantastic, brother. We're gonna listen and find out more about you.   Yeah, anybody wants to get more info, go to www.connectwithjscott, just letter J, Scott, connectwithjscott.com, and that'll link you out to everything you might wanna find.   Awesome man. Talk soon.   Scott (50:54.945) Awesome. Thanks,   All right, Mr. Jay Scott from Master House Flipper to multifamily syndicator. He's a master of creating profitable, well-oiled business machines. I've been reading Jay's bigger pockets books for years and it's awesome to have the opportunity to have him on the show today. Major key, focus. Focus on transitioning your active income to passive income and don't get distracted. All right, if you're ready for a change, you're ready to take action.   partner with us on one of our next passive real estate deals. Go to passiveincomeattorney.com and join our Esquire Passive Investor Club. All right, kiddos, as always, enjoy the journey.   Thank you for listening to the Passive Income Attorney Podcast with Seth Bradley. Do you want more ideas on how to generate multiple streams of passive income? Then jump over to passiveincomeattorney.com for show notes and resources. Then apply for the private Facebook community by searching for the Passive Income Attorney on Facebook. And we'll see you on the next episode.   Links from the Show and Guest Info and Links: Seth Bradley's Links: https://x.com/sethbradleyesq https://www.youtube.com/@sethbradleyesq www.facebook.com/sethbradleyesq https://www.threads.com/@sethbradleyesq https://www.instagram.com/sethbradleyesq/ https://www.linkedin.com/in/sethbradleyesq/ https://passiveincomeattorney.com/seth-bradley/ https://www.biggerpockets.com/users/sethbradleyesq https://medium.com/@sethbradleyesq https://www.tiktok.com/@sethbradleyesq?lang=en J. Scott's Links: https://www.linkedin.com/in/jscottinvestor/ https://www.instagram.com/jscottinvestor/ https://x.com/jscottinvestor https://linktr.ee/jscottinvestor

Private-Equity-Investoren entern den Prüfer- und Beratermarkt. Wie verändert das die Gehälter der Partner? Und verliert die Partner-Rolle an Wert? Top-Headhunter Hellmuth Wolf berichtet bei FINANCE-TV.Vor Kurzem noch undenkbar, nun passiert es immer öfter: Ein Private-Equity-Investor steigt bei einer Prüfungs- oder Beratungsgesellschaft ein. Jüngste Beispiele waren etwa PKF WMS oder WTS. Viele Mitarbeiter der Prüfungs- und Beratungshäuser – vor allem die Partner – fragen sich nun: Was bedeutet das für meine Karriere? Immerhin übernimmt der Investor Anteile am Unternehmen, welche vorher den Partnern gehörten, und möchte entsprechend mitbestimmen.Klar ist, dass die Gehaltsstrukturen der Partner wohl angepasst werden müssten, sobald ein Investor zusätzliche Anteile hält, meint Hellmuth Wolf, Managing Partner bei Signium. „Jede Gesellschaft wird mit den potentiellen neuen Equity Partnern reden müssen, weil diese vielleicht ein anderes Vergütungsmodell bekommen werden als die bisherigen Equity Partner“, so Wolf, der unter anderem Wirtschaftsprüfer und Steuerberater auf Partnerebene vermittelt.Erhöht Private Equity den Druck?Hinzu kommt: Private-Equity-Investoren müssen Rendite machen – das dürfte den Druck, der in der Wirtschaftsprüfer- und Beraterbranche ohnehin schon hoch ist, noch einmal mehr erhöhen. „Es könnte sein, dass ein Private-Equity-Unternehmen sich von Partnern trennt, die auf Dauer nicht performen“, warnt Hellmuth Wolf. Doch er sieht auch Vorteile in einem PE-Einstieg, vor allem für Partner, die sich auf die reine Beratungstätigkeit konzentrieren wollen. „Diesen wird Arbeit abgenommen, was Strategie und interne Themen angeht.“Wird die Partner-Rolle durch einen Private-Equity-Einstieg entwertet? Passen die Kulturen zusammen? Und gab es schon Kandidaten, die sich von einem Arbeitgeber abgewandt haben, weil ein Investor eingestiegen ist? Über das und mehr spricht Hellmuth Wolf bei FINANCE-TV.

Länderübergreifend gibt es eine Welle von Private-Equity-Engagements bei aufstrebenden Unternehmensberatungen: In Deutschland hat unter anderem Teneo mit dem Eigentümer CVC die Finanzierungsberatung Herter & Co übernommen, EQT ist bei WTS eingestiegen, zuletzt beteiligte sich Ufenau an dem Wirtschaftsprüfer PKF WMS. Diverse bekannte PE-Player wie die DBAG, EMZ oder DPE bauen ebenfalls mit Hilfe von „Buy and Build“ mittelgroße Beratungen aus. Viele davon haben CFO-Fokus. Ein Deal, der rund ein Jahr zurückliegt, ist die Übernahme der CFO-Beratung PAS durch das US-Haus CFGI. Hinter dieser stehen die beiden Private-Equity-Größen Carlyle und CVC. Das Zusammengehen mit einem PE-finanzierten neuen Eigentümer sei eine bewusste Entscheidung gewesen, die sich ausgezahlt habe, berichtet PAS-Mitgründer Markus Groß – inzwischen Managing Partner von CFGI Deutschland – im Gespräch mit FINANCE-TV: „Wir konnten unser Wachstum seitdem noch beschleunigen, kommen auch zunehmend in große internationale Deals rein.“ Das Risiko der „Walking Assets“, das die Gefahr beschreibt, dass die zentralen „Assets“ einer Unternehmensberatung die Berater sind und diese ein Unternehmen nach einer Übernahme leicht verlassen könnten, hat Finanzinvestoren lange Zeit von Investments in Unternehmensberatungen abgehalten. Groß vertritt jedoch die Position, dass die Private-Equity-Branche gelernt habe, dieses Risiko über Beteiligungsstrukturen und Anreizsysteme zu minimieren. „Bei uns sind jetzt, ein Jahr nach der Übernahme, alle Schlüsselpersonen nach wie vor an Bord“, so Groß. Wie es sich mit PE-Gesellschaftern im Hintergrund im Beratermarkt arbeiten lässt, welche Möglichkeiten, aber auch Herausforderungen damit verbunden sind und wie genau Private Equity Unternehmenskultur und Vergütungspolitik von Beratungshäusern prägt, verrät CFGI-Deutschlandchef Markus Groß im Interview mit FINANCE-TV.

While not quite The Last Waltz, all good things must come to an end, at least for now. This marks the final episode in our eight-year run doing Watch This Space, not because we've run out of spaces to watch, but because we feel it's time to do a re-set with the podcast. With future of work being a core theme, we feel we've covered the topic long enough and a new focus is needed. That new focus is TBD, and will take shape over the next while. Until then, this episode reviewed current industry events, namely Zoho's Zoholics, NICE Interactions and analyst events with Infobip and Global Relay. Most of our time was spent looking back on the most impactful technology trends since 2018, and we were in strong agreement that the biggest one was the pandemic and the emergence of hybrid work. We recounted why UCaaS and cloud were the right technologies at the right time to make hybrid work viable, along with why we think AI will be most important technology to watch going forward. While not a surprising perspective, we framed this as a two-sided coin, where we get both the good and the bad at the same time. That provided a segue to a related topic that we also felt will be important to watch – quantum computing. Finally, we took things full circle to a recent WTS episode where we reviewed a classic sci-fi novella – With Folded Hands – a prescient tale of where blind faith in technology could take us, with another reminder why we feel our analog perspective is a valuable lens through which to see how digital technology is shaping our world.

Dr. Sinclair Ferguson has a long history of teaching the Doctrine of God at Westminster and still teaches it in our online programs. While Dr. Ferguson was in town to deliver the 17th annual Gaffin Lecture, Nate sat down with him to talk about the Doctrine of God, how he teaches it, what resources he recommends, and they also take some time to answer actual questions from WTS students that are currently enrolled in Ferguson's Doctrine of God course. If you enjoy this episode, you can access tons of content like it at wm.wts.edu. If you would like to join us in our mission to train specialists in the Bible to proclaim the whole counsel of God for Christ and his global church, visit wts.edu/donate. Thanks for listening.

Artesano Del Tobacco came into the 2025 Premium Cigar Association (PCA) Trade Show with some newer offerings. The company works closely with AJ Fernandez Cigars to handle its production. While the recent fire affected many of AJ's clients, Artesano Del Tobacco was able to introduce its new products into the market. This year, the big news for Artesano Del Tobacco is the company's first Connecticut Shade offering, which falls under the Viva La Vida line. This follows up on a recent lancero line extension for El Pulpo. Both new offerings, the company says, are the direct result of consumer engagement. Full PCA Report: https://wp.me/p6h1n1-wtS  

Artesano Del Tobacco came into the 2025 Premium Cigar Association (PCA) Trade Show with some newer offerings. The company works closely with AJ Fernandez Cigars to handle its production. While the recent fire affected many of AJ's clients, Artesano Del Tobacco was able to introduce its new products into the market. This year, the big news for Artesano Del Tobacco is the company's first Connecticut Shade offering, which falls under the Viva La Vida line. This follows up on a recent lancero line extension for El Pulpo. Both new offerings, the company says, are the direct result of consumer engagement. Full PCA Report: https://wp.me/p6h1n1-wtS  

Bienvenido a ésta Oscura Fogata de Historias de Iglesias Endemoniadas y Procesiones Satánicas en @HABLEMOSDELOQUENOEXISTE El día de hoy les traigo historias que ustedes, querida Familia Nocturna me mandó al Wts de las Pesadillas y que son tan escalofriantes que fueron protagonistas de mis dulces pesadillas.¿Conoces la hora del diablo? porque Esther se sintió llamada a vivirla de manera inmersiva . Dicen que en Semana Santa el Diablo anda suelto , Marioli pensó que eran supersticiones, hasta que se topó con el Cristo de la Mala Suerte. Tiembla de miedo con la danza de los demonios y descubre la leyenda que corre en la familia de Sara y los tambores que se escuchan para quienes fueron bendecidos por el Señor del Fuego.. así que prepárate porque llegó el momento de que @HABLEMOSDELOQUENOEXISTE HABLEMOS DE LO QUE NO EXISTE es un canal de youtube con el formato podcast que comenzó en abril del 2022, su primer episodio fue "vivo en un casa embrujada" en el que una chica narró sus vivencias y sucesos paranormales a lo largo de 20 años en la casa de sus padres, desde ese episodio hablemos de lo que no existe ha marcado una tendencia en exponer casos paranormales de personas comunes que viven en diferentes partes del mundo. Ice Murdock es el conductor o host de éste canal, durante casi 100 episodios no apareció, nadie conoció su rostro y la comunidad de éste canal , la familia nocturna , creó teorías acerca de quién era el dueño de esa voz. Hablemos de lo que no existe se destaca por tener apertura ante las opiniones experiencias y vivencias de cada uno de los invitados. La comunidad de éste canal es conocida como la familia nocturna, de hecho por estar leyendo o escuchando ésto, tu ya eres miembro de la familia nocturna.. bienvenido. El duelo de historias es un concepto que se creó en el canal @Hablemosdeloquenoexiste, idea original del narrador, se estrenó en el episodio "Comité de la Muerte ,historias de Hospitales" el 1 de junio de 2023 y empezó a implementarse formalmente en el episodio "Abrí la puerta a un Demonio" el 11 de Enero de 2024 ; consiste en un duelo entre Narradores, una dinámica sencilla, donde cada uno cuenta una historia y busca superar a la anterior y al final la familia nocturna nos comparte en comentarios cual fue la historia más aterradora.El Narrador y todo el equipo de Hablemos de lo que no existe trabajamos para darles a ustedes querida Familia nocturna contenido original y de calidad, tardamos a veces semanas ideando formatos luego de tomar en cuenta las cosas que nos han pedido a lo largo de la temporada anterior y por eso el día 23 de Septiembre de 2024 comenzamos una nueva temporada que llamamos FOGATA DE HISTORIAS, en donde el narrador prepara una serie de historias escalofriantes una tras otra para retar al espectador a terminar el episodio por el nivel de miedo que genera. En este canal se relatan historias de terror paranormales, sobrenaturales y reales, prepárate para conocer el miedo de una forma en la que nunca lo habías experimentado.

Luke Laird is a pretty prolific country songwriter. He's written over 20 Billboard number one singles, has won 2 Grammys, and a handful of CMA awards. He also happens to be a student in the Master of Theological Studies program here at Westminster and is set to graduate next month. Brandon sits down with Luke to talk about the MATS program, what brought him to WTS, how his education might impact his career as a songwriter, and also about the Country music industry in general. It was honor and pleasure to chat with Luke and we hope you enjoy listening. If You enjoy this episode, you can access tons of content like it at wm.wts.edu. If you would like to join us in out mission to train specialists in the bible to proclaim the gospel for Christ and his global church, visit wts.edu/donate

If you like the show please let us know by sending us a message with feedback its totally free.We are back soon..... But if you need a fix give this classic WTS episode a listen...

In this episode, I sit down with sports journalist and endurance athlete Brad Culp for an in-depth conversation about the current state of triathlon and his latest book, The Norwegian Method. Brad offers insightful analysis on the recent Ironman World Championships in Nice, the evolution of triathlon with series like T100, SuperTri, and WTS, and where the sport is headed in terms of events, athletes, and equipment innovation. We then dive into Brad's journey as a journalist, his time at the helm of Triathlete and LAVA magazines, and the unique perspectives he's gained as both a writer and athlete. Finally, we explore his new book, The Norwegian Method, which covers the groundbreaking endurance training system used by athletes like Jakob Ingebrigtsen, Kristian Blummenfelt, and Gustav Iden. Brad shares the highs and lows of writing the book, the science behind controlled intensity and lactate testing, and how this method is transforming endurance sports. Whether you're an athlete, a triathlon fan, or simply curious about elite performance, this episode is packed with valuable takeaways. Don't miss it!

The Buzz is Supply Chain Now's regular Monday livestream, held at 12 noon ET each week. This show focuses on some of the leading stories from global supply chain and global business, always with special guests – the most important of which is the live audience!In this week's episode of The Buzz, hosts Scott Luton and Karin Bursa delve into the critical issues and opportunities in global supply chain management. Together they discuss:The potential impact of a looming strike by the International Longshoreman's Association (ILA) and the United States Maritime Alliance (USMX)The importance of AI in supply chain optimization, with 99% of CEOs considering its implementationThe declining focus on sustainability among CEOs, despite increasing consumer demand for environmentally friendly productsIconic trucking moments in media, celebrating National Truck Driver Appreciation WeekAdditional Links & Resources:Most recent edition of WTS: https://www.linkedin.com/pulse/thank-trucker-supply-chain-now-gae4e/Top 10- Supply Chain Optimization Strategies: https://bit.ly/4d2BmHyCEOs: Our Supply Chains Have a resiliency problem: https://bit.ly/47xFUomSustainability is Falling on the CEO to-do list. Customers still see it as a priority: https://bit.ly/4dcHxJ4Learn more about our hosts: https://supplychainnow.com/aboutLearn more about Supply Chain Now: https://supplychainnow.comWatch and listen to more Supply Chain Now episodes here: https://supplychainnow.com/program/supply-chain-nowSubscribe to Supply Chain Now on your favorite platform: https://supplychainnow.com/joinWork with us! Download Supply Chain Now's NEW Media Kit: https://bit.ly/3XH6OVkWEBINAR- Mastering Shipping: Insider Tips for Reliable and Cost-Effective Deliveries: https://bit.ly/3XdC3t5WEBINAR- Creating the Unified Supply Chain Through the Symbiosis of People and Technology: https://bit.ly/3XDtrejWEBINAR- Defending Your Business from Ransomware and Cyber Threats: https://bit.ly/4d0VGcfWEBINAR- End-to-End Excellence: Integrating Final Mile Logistics: https://bit.ly/3ZlpE7UWEBINAR- AI for SMBs: Unlocking Growth with Netstock's Benchmark Report: https://bit.ly/3AWtoCDThis episode is hosted by Scott Luton and Karin Bursa and produced by Amanda Luton and Katherine Hintz. For additional information, please visit our dedicated show page at: https://supplychainnow.com/buzz-national-truck-driver-appreciation-week-1327

In this episode, DC makes an announcement about WTS, The Court Report is back, and we find out where Boom is this week. DC also went back to see how guest has been on the show in 4 years 10 seasons and 159 episodes, the answer is 161 guest with 59 having multiple appearances. But what do you do when you can't do what you do because a guest has a change of plans? The answer is simple: reschedule and have fun!Darius DC Chambers Podcast Website Support WHAT THE SHIT PODCAST This podcast is hosted by Captivate, try it yourself for free. https://www.dubby.gg/discount/WTSPODCAST%20?ref=FO8rBNYvyiQx2A Listen to WHAT THE SHIT PODCAST https://titannutrition.net/wtspod WHAT THE SHIT PODCAST website Copyright 2024 Darius DC Chambers

In this episode, DC makes an announcement about WTS, The Court Report is back, and we find out where Boom is this week. DC also went back to see how guest has been on the show in 4 years 10 seasons and 159 episodes, the answer is 161 guest with 59 having multiple appearances. But what do you do when you can't do what you do because a guest has a change of plans? The answer is simple: reschedule and have fun!Darius DC Chambers Podcast Website Support WHAT THE SHIT PODCAST This podcast is hosted by Captivate, try it yourself for free. https://www.dubby.gg/discount/WTSPODCAST%20?ref=FO8rBNYvyiQx2A Listen to WHAT THE SHIT PODCAST https://titannutrition.net/wtspod WHAT THE SHIT PODCAST website Copyright 2024 Darius DC Chambers

In today's episode of the Internet Marketing Podcast we're joined by Areej AbuAli and Kirsty Hulse to talk about building successful communities. We discuss their hugely popular in-person live events – Women in Tech SEO and Confidence Live - and discuss the challenges and rewards of the online communities that sit alongside them. If you're keen to know more about nurturing communities and the insider view on the realities of event organising, this episode is for you.In this episode:00:30 The origins and mission of Confidence Live, focusing on giving back to the community and maintaining not-for-profit status.10:15 Charting the organic growth of Women in Tech SEO and responding to community demands in building the organisation.13:08 Exploring the formation of engaged communities.16:48 The challenges of running in person events – maintaining integrity and comercialisation. Resources mentioned in this episode:https://self-compassion.org/ https://freelancecoalition.org/ More about our guests:Areej is a seasoned industry speaker and the proud creator of Women in Tech SEO, a global community of women in Technical SEO and marketing. WTS was founded in May 2019 and has since grown to more than 7,000 global members and 40,000 followers. Areej has spoken at conferences such as the Festival of Marketing, BrightonSEO and MozCon.Connect with Areej here: https://www.linkedin.com/in/areejabuali/https://www.womenintechseo.com/ Kirsty Hulse is an award-winning Confidence Coach, motivational speaker, and the creator of Confidence Live, a 1000 delegate conference that attracts some of the world's leading speakers & wellbeing experts. She has trained 40,000+ people in companies like LinkedIn, Amazon and Spotify and has spoken in over 30 countries. Connect with Kirsty here: https://www.linkedin.com/in/kirsty-hulse/https://www.confidencelive.com/ To find out more about us and the show visit https://internetmarketingpodcast.orgLike and subscribe so you never miss an episode, and leave us a comment if you enjoyed the show. Connect with us if you'd like to work with us, you'd like to feature on the podcast, or you have a guest or topic recommendation. Email kelvin@brightonseo.com or…https://www.linkedin.com/in/kelvinnewman/https://twitter.com/kelvinnewman Hosted on Acast. See acast.com/privacy for more information. Hosted on Acast. See acast.com/privacy for more information.

In less than 20 minutes a week, we'll introduce you to an expert or business owner with deep experience in what they do. Grow you, grow your team, grow a small business. In this episode of "Grow a Small Business," hosted by Rob Cameron, we welcome Josh Fonger, from WTS enterprise, a distinguished expert in business success and achievements. Fonger's vast experience and proven track record in guiding businesses to new heights make him a sought-after advisor. He shares profound insights into mastering growth strategies, emphasizing the importance of aligning values with goals, fostering accountability, and continuous leadership development. Join us in this episode as we delve into Fonger's journey and uncover the blueprint for achieving excellence in business.   Key Takeaways for Small Business Owners: Alignment of Values and Goals: Fonger emphasizes the importance of aligning business goals with personal values. Small business owners should assess whether their actions are in line with their core values and overarching vision. Comprehensive Planning: Fonger's approach involves conducting thorough assessments of clients' businesses and creating customized plans for success. This underscores the significance of strategic planning and having a clear roadmap for growth. Emphasis on Accountability: Accountability is crucial for business success. Fonger stresses the need for holding oneself accountable for executing plans and staying on track. Implementing accountability measures within the organization is essential. Our hero crafts outstanding reviews following the experience of listening to our special guests. Are you the one we've been waiting for? Continuous Leadership Development: While not explicitly mentioned in this case study, Fonger often focuses on developing leadership skills in his clients. Small business owners should prioritize ongoing leadership development to drive growth and prosperity. Purpose-Driven Entrepreneurship: Fonger encourages business owners to ensure they are "playing the right game" by aligning actions with values and long-term goals. This highlights the importance of purpose-driven entrepreneurship beyond just financial success. One action small business owners can take: One action small business owners can take, as suggested by Josh Fonger, is to align their business goals with their personal values. This ensures that every decision and action is in harmony with their core principles, leading to greater fulfillment and success in both business and life. Do you have 2 minutes every Friday? Sign up to the Weekly Leadership Email. It's free and we can help you to maximise your time. Enjoyed the podcast? Please leave a review on iTunes or your preferred platform. Your feedback helps more small business owners discover our podcast and embark on their business growth journey.

As Scripture teaches, all humans are made in the image of God and are worthy. Yet, globally, not all humans are treated equally. With an increasing consciousness of discrimination, the world and the church continue to ask: 'What is fair and just?' In this episode of the Lausanne Movement Podcast we explore the context shifts in global justice including poverty, persecution, women, marginalised, human rights, slavery, and corruption.   We are joined by guests: Dr. Matthew Niermann: Director of the State of the Great Commission Report. Dr. Ruth Padilla DeBorst: Associate Professor of World Christianity at Western Theological Seminary.   Key Discussion Points: Global shifts in justice connected to the world and Christianity. How justice connects to the great commission Defining justice in a Christian context Critical reflections on the Great Commission Report Addressing gaps in the report: Race, climate justice, Israel-Palestine Challenges and opportunities for the Global Church Practical steps towards integrating justice.   Dr. Padilla DeBorst challenges the evangelical community to rethink the connection between the Great Commission and justice, emphasising love and the Great Commandment as foundational to the Gospel. If you found value in our discussion, please subscribe, leave a review, and share this episode with others. Visit our website for more insightful episodes and resources: lausanne.org   References: Find the State of the Great Commission Report: https://lausanne.org/report CETI: Comunidad de Estudios Teológicos Interdisciplinarios - https://www.ceticontinental.org/portal/ Infamit - https://infemit.org/ casaadove.org Western Theological Seminary - https://www.westernsem.edu/faculty/deborst/   If you would like to help us improve our podcast, please send us the feedback – https://forms.gle/QbNzK7BGqqnFHPHc7   Ruth Padilla DeBorst: Dr Padilla DeBorst yearns to see peace and justice embraced in the beautiful and broken world we call home. A wife of one and mother of many, theologian, missiologist, educator, and storyteller, she has been involved in leadership development and theological education for integral mission in her native Latin America for several decades.  In addition to teaching at WTS, she serves with the Comunidad de Estudios Teológicos Interdisciplinarios (CETI, a learning community with students across Latin America), and the Networking Team of INFEMIT (International Fellowship for Mission as Transformation).  She currently contributes to the boards of the Oxford Centre for Mission Studies and the American Society of Missiology. Past board service includes A Rocha International and the International Justice Mission.  She lives with her husband, James, in Costa Rica as a member of Casa Adobe, an intentional Christian Community with deep concern for right living in relation to the whole of creation.

This week we're joined by Sara Stickler, President and CEO of WTS International. We discuss how WTS highlights women's expertise in transportation and how they create opportunities from mentorship to leadership and education. We also chat about some of their legislative priorities on workplace policy as well as some of the barriers women face in the field. For more information visit: https://www.wtsinternational.org/ *** Follow us on twitter @theoverheadwire Follow us on Mastadon theoverheadwire@sfba.social Follow us on Threads @theoverheadwire Support the show on Patreon http://patreon.com/theoverheadwire Buy books on our Bookshop.org Affiliate site!  And get our Cars are Cholesterol shirt at Tee-Public! And everything else at http://theoverheadwire.com

We rewrite the Rolling Stone list and make our own top 25 of the century. from 1999-2023. What songs will make the list and which won't. Will your favorite make it we do have a chance to vote live as we decide the top 25 songs according to WTS and our panel of guests and you the viewers. Support WHAT THE SHIT PODCAST Podcast Website This podcast is hosted by Captivate, try it yourself for free. Listen to WHAT THE SHIT PODCAST WHAT THE SHIT PODCAST website https://titannutrition.net/wtspod Copyright 2024 What The Shit Podcast

We rewrite the Rolling Stone list and make our own top 25 of the century. from 1999-2023. What songs will make the list and which won't. Will your favorite make it we do have a chance to vote live as we decide the top 25 songs according to WTS and our panel of guests and you the viewers. Support WHAT THE SHIT PODCAST Podcast Website This podcast is hosted by Captivate, try it yourself for free. Listen to WHAT THE SHIT PODCAST WHAT THE SHIT PODCAST website https://titannutrition.net/wtspod Copyright 2024 What The Shit Podcast

Donna Berry, Deputy Director for Project Delivery and Chief Engineer at Caltrans since 2022, leads over 11,000 employees in managing California's transportation projects. With a Civil Engineering degree from UC Davis and over 25 years at Caltrans, her career spans multiple leadership roles, focusing on project management and stakeholder collaboration. An advocate for diversity in STEM, she is an active member of NSBE and WTS, where she was recognized as 2020's Woman of the Year. A licensed civil engineer in California, Donna exemplifies commitment to excellence and mentorship in the transportation sector.  Donna will be recognized as NABWIC's Woman in the Spotlight during NABWIC's Billion Dollar Luncehon in Transportation Opportunities.  The luncheon will be held virtually on Friday, January 26, 2024 at 11.30 am EST. Contact:  Donna Berry |Chief Engineer/Deputy Director for Project Delivery |California Department of Transportation | (916)416-2384 | donna.m.berry@dot.ca.gov |https://www.linkedin.com/in/donna-m-berry-1195b8196/ ___________________________ NABWIC's Vision: The Vision of the National Association of Black Women in Construction (NABWIC) is to build lasting strategic partnerships with first-rate organizations and individuals that will provide ground-breaking and innovative solutions for black women in construction and their respective communities.| NABWIC.ORG  

We rewrite the Rolling Stone list and make our own top 25 of the century. from 1999-2023. What songs will make the list and which won't. Will your favorite make it we do have a chance to vote live as we decide the top 25 songs according to WTS and our panel of guests and you the viewers.Support WHAT THE SHIT PODCAST Podcast Website This podcast is hosted by Captivate, try it yourself for free. Listen to WHAT THE SHIT PODCAST WHAT THE SHIT PODCAST website Copyright 2024 What The Shit Podcast

We rewrite the Rolling Stone list and make our own top 25 of the century. from 1999-2023. What songs will make the list and which won't. Will your favorite make it we do have a chance to vote live as we decide the top 25 songs according to WTS and our panel of guests and you the viewers.Support WHAT THE SHIT PODCAST Podcast Website This podcast is hosted by Captivate, try it yourself for free. Listen to WHAT THE SHIT PODCAST WHAT THE SHIT PODCAST website Copyright 2024 What The Shit Podcast

Buckle Up Jerks! You're going to JP Podding School™ brought to you by The Ha Ha Hut™ But seriously, our grandmother was killed by audio. Read our butt-cheeks! This pod's got BALLS!!! “Plug in your books everyone!” “I found a task for myself.” “You and Ashton sippin' WTs?” #JingleCulture #BunchACrooks #JellyBodies #JerkPractice #JerkPracticePodcast

Kavi Kardos is an altruistic SEO evangelist with nine years' experience leading organic search strategy for top companies in entertainment, cybersecurity, education, and beyond. A former Mozzer, she is the creator of Moz Academy's Technical SEO Certification and a contributor to Whiteboard Friday and the Professional's Guide to SEO. Kavi is currently Director of SEO at Uproer. When she's not obsessing over spreadsheets, Kavi can be found hosting pub quizzes for Geeks Who Drink or watching baseball with a good drink in hand. In this episode, she discusses how to recognize toxicity in the workplace and know when it's time to leave an SEO job. SEOs often find themselves isolated at work, functioning as a team of one and/or reporting to stakeholders who don't fully understand and support their goals. She shares how she learned to recognize the difference between constructive and non-constructive feedback, how to take accountability for failure while keeping mental health a priority, and the lessons she has taken from her experiences into managing a team herself. She would like her WTS episode to serve as encouragement and empowerment for anyone in a bad environment to advocate for themselves and find the work that brings them fulfilment. We also find out what inspires Kavi and what empowers her to be the brilliant woman she is today.You can connect with Kavi through her LinkedIn and Twitter/X.You find this episode transcript and all other transcripts on WTS Website.Introducing #WTSPodcastThe Women in Tech SEO Podcast is THE podcast starring women in the SEO industry. We're on a mission to amplify all the brilliant women in our industry! Our guests share their story with us and what empowers them. Each episode provides you with tips and resources on how to navigate your career in your own way.Where to find Women in Tech SEO?Twitter: @techseowomen and #WTSPodcast Website: womenintechseo.comAny question about WTSPodcast? Ask our host on Twitter: @isaline_margot or via our Slack.

Today, we have not one but two of the most sought-after coaches in the world. Lawrence Van Lingen and Erin Carson have risen to legendary status in the world of endurance sports by following their curiosity and not worrying too much about what the mainstream says about mobility and strength for athletes. Guided by intuition and strong intellects, these two coaches are staples in the lives of A-List athletes like Jan Frodeno, Rudy Von Berg, Taylor Knibb, and Paula Findlay. Erin is making her three-peat appearance on the show today, having first come on the show back in 2018 for episode 114 and then just a few months ago for episode  373. Lawrence first came on the show in 2019 for episode 184, which was also his first podcast ever. After recently speaking to Erin and then learning that Lawrence has left his So Cal contingency for the athletic mecca of Boulder, Colorado, we were inspired to get these two on together. They eagerly said yes because they are amazing and love this community, and we love listening to the passion they have for everyone to realize free movement in their body. Thank you for tuning in, and please comment to let us know how you enjoyed this episode. If you find value in the YogiTriathlete and Awake Athlete podcasts, please join us on Patreon for as little as $5/month to make a difference in the life and reach of these shows. In this episode, we discuss: - Letting go of labels - A creative way of being - We are not all created equal - The drudgery of sameness - Being on a journey, not just solving problems - Memorable moments from 2023 PTO, IRONMAN and WTS racing - Working with Jan Frodeno in his final year of racing - Mastery of movement vs outcome - Ashleigh Gentle, Alex Yee, Rudy Von Berg, Cassandra Beaugrand - Why the Nice course demands presence - PTO's influence on the future of triathlon - Relax to run fast - Cushioning vs compliance - Running is an efficiency sport - Taylor Knibb and Jason Pohl's successes - Humans learn through play - Pulling tires Namaste- Jess

http://www.nativerootmedicine.com/Raised with her Penobscot culture and Native American spiritual practices, Dr. Jus Crea realized the healing powers of nature at a young age. Rich with ancestral knowledge of healing, medicine, and midwifery, Dr. Jus Crea received a Doctorate in Naturopathic Medicine from the University of Bridgeport and a BS in Ethnobotany and Holistic Health from UMass, Amherst. She has also been trained as an auricular acupuncture detox specialist at Lincoln Hospital, WTS therapy for restorative healing as well as Indigenous Midwifery with Mewinzha Ondaadiziike Wiigaming. Dr. Jus Crea has lectured extensively on healing, ethnobotany, midwifery, naturopathic medicine, environmental medicine, and cultural history and traditions. She was previously an adjunct professor of Nutrition at Springfield College and Pathology at STCC as well as a primary care physician in Brattleboro VT. Dr. Jus Crea has been practicing Naturopathic Family Medicine at The Integrative Health Group in Springfield MA since 2005. She is passionate about cultural healing practices and works towards reclamation of her Wabanaki traditions, spiritual practices, and language.quote for title of episode:

Well hot diggity dog, it's Pete and Tommy back at it again with another riveting episode of "All The Feelings." This week your duo tackle the touchy topic of "Belonging." Things start innocently enough with Tommy guiding Pete through a WTS classic guided meditation. With juice! But the real juice is in the stuff they have long taken for granted. The fellas dove deep into the dicey dynamics of belonging - from pyramid schemes to pizza parlor conspiracies. They covered all the bases, even shouting out to good ol' Triangle McGee (aka Maslow) for his Hierarchy of Needs. Just wait till they get rolling on imagined communities and mass manipulation. KNEE-SLAPPING GOOD TIMES y'all!Don't forget ... visit allthefeelings.fun and become a feeling friend today!

Hair loss is a common and fascinating phenomenon that transcends age and gender boundaries. Are you curious about what triggers this enigmatic condition? Well, we've got you covered! In this riveting episode, we dive deep into the multifaceted world of hair loss, exploring the factors that come into play. From genetics to hormonal changes, medical conditions, stress, and lifestyle choices – all of these will be explored.We'll be addressing the most burning questions you've been sending in, centered around the causes of hair loss. Brace yourself as we zone in on the top five causes, though rest assured, there are a staggering 18 documented reasons behind hair loss.Tune in now and learn how to combat hair loss like a pro!In this episode, you will learn: 01:01 Understanding the Term "Alopecia"  02:03 Cause #1: Genetic Hair Loss (Androgenetic Alopecia) 04:36 Cause #2: Autoimmune Hair Loss (Alopecia Areata, Alopecia Totalis, Alopecia Universalis)06:08 Cause #3: Scalp Conditions 07:57 Cause #4: Hair Loss Due to Underlying Health Issues 09:23 Cause #5: Traction AlopeciaRemember, hair today, gone tomorrow doesn't have to be the story of your life. Don't let hair loss weigh you down; instead, let's grow back that confidence and luscious hair with the right treatment. Keep your strands and spirits up - we're here to help.Are you ready to turn your hair loss into "hair gain"? Connect with us:Kimberly Vaughn, WTS, ITS, CNC, MBA: https://hpihairpartners.com/go/podcastConsultations with Kimberly: https://hpihairpartners.com/apply-podcastQuestions/Comments? Connect with us on social.https://www.linkedin.com/in/hpiinstitute/https://www.instagram.com/hpihair/https://www.facebook.com/hairrestorationnashville/

Wilson's Temperature Syndrome is a dysregulation of the metabolism that occurs after periods of acute or prolonged stress (physical or emotional). The tell-tale sign is a chronically low body temperature (below 98.6). In this episode we uncover: who is at risk for WTS, how WTS can cause various symptoms (including infertility), why WTS shows up as *normal* thyroid levels, how to address WTS or find a physician to address it with, and more. Sami is NOT a medical doctor and this podcast is NOT intended to diagnose or treat medical conditions. Learn more about WTS at: https://www.wilsonssyndrome.com Work with Sami: www.madreterra.love Follow Sami @madreterra.pma

Goals aren't about tirelessly hustling, but giving you direction and freedom in your schedule! In this 2nd half of the year, let's reflect on the legacy we want to leave behind. What goals will help us walk in that direction at a sustainable pace? What do we need to quit? What do we need to sacrifice? Where do we need more discipline? Liz and Emilee chat about their goals for the 2nd half of the year, tips on persevering in discouragement, posts they can't stop thinking about lately, and their favorite fiction books of all time! This episode of the podcast is sponsored by With The Shepherd. WTS is making a way for all believers to be healthy, flourishing disciples that make disciples. We want to see every church-goer enjoying a vibrant relationship with Jesus - rooted in truth and expressed in worship. We do this through strategic coaching, personalized retreats you can do from anywhere, at your-own-pace workbooks, and the community blog. You can book your coaching session or spiritual retreat HERE! LINKS | ⁠Follow Liz on Instagram⁠⁠⁠ ⁠⁠Follow Emilee on Instagram⁠⁠ With The Shepherd Follow Caroline Lunne Follow Laura Wifler  Walk in Love Podcast - Emilee's favorite podcast ever The Marriage Journal - Zach + Emilee do weekly Hannah Brencher 1,000 Unplugged Hours P.S. Sorry about the sound of the dryer in the first part of this episode. We are still learning the technical side of things! We will make sure to not have laundry going during future episodes. :) You are truly in the mundane with us, and for that - we are so grateful!! --- Support this podcast: https://podcasters.spotify.com/pod/show/abundantly/support

It's Why WITH MattersJul 16, 2023 - 9:30 AM Worship ServiceChrist Memorial Church, Holland MIEcclesiastes 4:9-12, Philippians 2:4, Galatians 6:12, John 15:9-12Kate Bareman, Director of Student Life, WTS

Welcome to season nine of the podcast! This season, an "honest conversation about disability and the Church" will be hosted by Letiah Fraser. Her guest in this episode is Dr. Carlos Thompson! Here is a little more about Carlos: Bio: L. S. Carlos was born in the Latin American costal port city of Cartagena, Colombia. After being adopted by a North American family, he was raised in Fargo, North Dakota. Carlos has earned a B.S. in Church Ministry from Southeastern University in Lakeland, Florida; an M.A. in Religious Studies from the University of South Florida in Tampa, Florida; as well as both an M.Th. in Ministry and Mission (Practical Theology), and a Ph.D. in Divinity, from the University of Aberdeen, King's College, in Aberdeen, Scotland. He is also a recipient of Western Theological Seminary's Henri Nouwen Doctoral Fellowship. WTS is also Dr. Carlos' community where he serves as the Assistant Professor of Church and Community Theology; the Director of the Friendship House Community; the Director of the Friendship House Fellows Program; and the Student Accessibility Coordinator. Dr. Carlos has served in various pastoral capacities for 15+ years and been engaged in the ministry of preaching for 20+ years in over 10 different denominations. Carlos identifies as a Charismatic-Reformed Pentecostal who lives with congenital Cerebral Palsy. Thus, the lived experience of disability informs and shapes Carlos' current research around the faithful development of Christian Communal Theology. Carlos is particularly interested in what it means for Christians to faithfully live into and express Jesus' healing ministry; what a biblically faithful definition of health might actually look like today; and the impact that these two subjects have on the relationship between community formation, bodily health, and Christian praxis. As a result, the following questions are foundational to Carlos' present research and spiritual reflection: what is it that makes a Christian community ‘Christian' and ‘communal'? What does it mean to be ‘healed'? How are Christians to understand ‘healing' in the midst of enduring disability and chronic illness? --- Send in a voice message: https://podcasters.spotify.com/pod/show/millennial-pastors/message Support this podcast: https://podcasters.spotify.com/pod/show/millennial-pastors/support

Excessive fatigue and weight gain are the most typical symptoms of Hashimoto's. Is it true that we should only do gentle movement exercises if we have Hashimoto's? Dr. Kiberd and I will answer the following questions:Is it OK to push myself?Is it true that HIIT exercise and running are bad for Hashimoto's?Should you stay away from excessive cardio if you have Hashimoto's?What is the best exercise to lose weight with Hashimoto's?I get extremely fatigued after exercise. How to optimize energy?And many more, so tune into today's episode. Dr. Emily Kiberd's contract info HEREConnect with us:Nataliia Sanzo, RD, LDN: www.allpurposenutrition.comIG: all.purpose.nutrition https://www.instagram.com/all.purpose.nutrition/Kimberly Vaughn, WTS, ITS, CNC, MBA: www.hpihairpartners.comConsultations with Kimberly: https://hpihairpartners.com/consultation-requestQuestions/Comments? We look forward to your emails!THLC@hpihairpartners.com

Are you suffering from chronic Hair Loss and do not know where to turn?  Today you will learn how to take control of your situation with the H.A.I.R. method.Connect with us:Nataliia Sanzo, RD, LDN: www.allpurposenutrition.comIG: all.purpose.nutrition https://www.instagram.com/all.purpose.nutrition/Kimberly Vaughn, WTS, ITS, CNC, MBA: www.hpihairpartners.comConsultations with Kimberly: https://hpihairpartners.com/consultation-requestQuestions/Comments? We look forward to your emails!THLC@hpihairpartners.com

Trichotillomania (Trich) affects up to 2% of the population. In today's episode we will learn first hand from a beautiful young woman and her mother on their Trich journey and where they are today with treatment and solutions.Support: The TLC Foundation for Body Focused Repetitive Behaviors https://www.bfrb.org/Connect with us:Kimberly Vaughn, WTS, ITS, CNC, MBA: www.hpihairpartners.comConsultations with Kimberly: https://hpihairpartners.com/consultation-requestNataliia Sanzo, RD, LDN: www.allpurposenutrition.comIG: all.purpose.nutrition https://www.instagram.com/all.purpose.nutrition/Questions/Comments? We look forward to your emails!THLC@hpihairpartners.com

Polycystic ovary syndrome (PCOS) and thyroid disorders are two of the most common hormone disorders in women.  We often see women presenting with BOTH of these conditions. Is there a connection? In this podcast episode, we'll discuss the relationship between PCOS, thyroid conditions (Hashimoto's in particular), hair loss, and what you can do to start feeling better. Connect with us:Kimberly Vaughn, WTS, ITS, CNC, MBA: www.hpihairpartners.comConsultations with Kimberly: https://hpihairpartners.com/consultation-requestNataliia Sanzo, RD, LDN: www.allpurposenutrition.comIG: all.purpose.nutrition https://www.instagram.com/all.purpose.nutrition/Questions/Comments? We look forward to your emails!THLC@hpihairpartners.com

If you have been diagnosed with hypothyroidism/Hashimoto's, you know that even when treated with medication, symptoms may persist and significantly affect the quality of your life. Even though there is no such thing as a hypothyroidism diet, research shows that diet may drastically improve the symptoms. This episode will cover the top 6 diets for hypothyroidism, and I will highlight which diet has been shown to improve thyroid function and reduce thyroid antibodies. Connect with us:Kimberly Vaughn, WTS, ITS, CNC, MBA: www.hpihairpartners.comConsultations with Kimberly: https://hpihairpartners.com/consultation-requestNataliia Sanzo, RD, LDN: www.allpurposenutrition.comIG: all.purpose.nutrition https://www.instagram.com/all.purpose.nutrition/Questions/Comments? We look forward to your emails!THLC@hpihairpartners.com

What is causing your hair loss?  What are the signs and symptoms you should be on the look out for and what you should do?  This episode offers self examination tips to help you understand your specific hair loss.Connect with us:Kimberly Vaughn, WTS, ITS, CNC, MBA: www.hpihairpartners.comConsultations with Kimberly: https://hpihairpartners.com/consultation-requestNataliia Sanzo, RD, LDN: www.allpurposenutrition.comIG: all.purpose.nutrition https://www.instagram.com/all.purpose.nutrition/Questions/Comments? We look forward to your emails!THLC@hpihairpartners.com

You may have heard about all the wonderful health claims of the infrared sauna: anti-aging abilities, detoxification, weight loss, and even more. But are these claims actually backed up and proven by science, and is it safe for someone with Hashimoto's?We invited an expert on this topic, Cat Bryson. She owns a Sauna Studio called "SEK" in Franklin, TN, and she agreed to share her knowledge with us. Sauna Wellness Studio Nashville TNConnect with us:Kimberly Vaughn, WTS, ITS, CNC, MBA: www.hpihairpartners.comConsultations with Kimberly: https://hpihairpartners.com/consultation-requestNataliia Sanzo, RD, LDN: www.allpurposenutrition.comIG: all.purpose.nutrition https://www.instagram.com/all.purpose.nutrition/Questions/Comments? We look forward to your emails!THLC@hpihairpartners.com

Within 5 years, the U.S. is likely to reach a critical juncture where is will be difficult to hire anyone to fix a leaky pipe or worse, repair a structural problem with your house. Ethan James is a leader at the forefront of research and education on the trade labor shortage. In this episode of The WTS we discussed what is being done to encourage young people to learn a trade and fill the massive gaps being created by an aging workforce of skilled tradespeople who are reaching retirement age.    Plus, We discuss Ethan's list of the 7 most in-demand jobs right now. If you are a young person considering learning a trade, you are more needed now than ever. And you'll be able to earn some pretty high salaries in a short time.    Visit Ethan's YouTube channel, The Honest Carpenter: https://www.youtube.com/@TheHonestCarpenter    Support The WTS Podcast: https://www.patreon.com/thewts 

This week we look at all the awards from the Global Triathlon Awards and whether we agree or disagree or even care about the winners (we don't love all the categories). We also discuss the news that Gwen Jorgensen is making her return to WTS racing, another PTO event in August and what we think will be the biggest events of the year. For more information about MX Endurance: http://www.mxendurance.com To watch this podcast as a video visit: https://bit.ly/3vzSss2  Claim your free Off-Season Strength Training Plan: https://mxendurance.com/free-plan   Or check MX Endurance out on Social Media:  Facebook https://www.facebook.com/TeamMaccax/ Twitter: https://twitter.com/mxendurance  Instagram: https://www.instagram.com/mxendurance  You can follow James at https://www.instagram.com/bale.james85  You can follow Tim at https://www.instagram.com/tford14 

It was fun to catch up with Jason Hibbs from Bourbon Moth Woodworking and talk about the life cycle of woodworkers on YouTube, the Airstream cult, and why TV can't draw any audience for woodworking shows. We also have a formal statement from Blacktail Studio about the river table debate.    Bourbon Moth on YouTube: https://www.youtube.com/@Bourbonmoth Help support The WTS: https://www.patreon.com/thewts 

Over the almost 350 episodes of this podcast, we have been blessed to share the mic with professional athletes, doctors, coaches, yogis, and every day peeps, just like us, who feel like they have found their thing. And a great honor of hosting this show is when we revisit a story and reconnect with a guest like this episode today. Professional triathlete Taylor Spivey was the star of episode 88, which launched in January 2018. In that episode, we talked about growing up in Redondo Beach, her experience as a surf lifeguard, her start in the sport of triathlon, and the mental game for athletes. In the blog post's conclusion, which accompanied the launch of that show, I wrote, "Expect big things from this girl in the future; I feel an unstoppability about her that is the sign of all great athletes." Today, at 31 years old, Taylor is described as one of the most consistent athletes in the World Triathlon Series (WTS) competition. Since our conversation, she has yet to finish further down the ladder than 10th in any WTS race since June of 2018 and is also a major player in the world of Super League Triathlon. Taylor maintains a bright future as a professional triathlete. She shares so generously with us in this episode and is surfing life challenges, just like you and me. In this episode, we discuss: - importance of having a supportive community in triathlon - the Super League vibe - winning SL Malibu in front of her hometown crowd - celebrating your competitor's successes - turning frantic energy into a top performance - giving all you have in a race vs. fear of blowing up - getting out the door for a workout - finding flow outside of sport - Paris Olympics 2024 - Tokyo Olympic selection reflections - many small wins  - attachment to outcome - climbing the ladder of performance  - fighting for the win - rise to the challenge - interest in PTO & 70.3 races Namaste- Jess

Show Sponsor AnyQuestion - https://link.anyquestion.com/Greg-Bennett   Support the show at https://www.patreon.com/user?u=26936856 "The Greg Bennett Show"     In this episode of The Greg Bennett Show, Greg chats with a man spearheading the next generation of superstar athletes. Hayden Wilde.   New Zealand's Hayden Wilde is a world-class triathlete who won bronze at the Games in Tokyo and silver at the Commonwealths in Birmingham. Olympic Bronze medalist 2022 Super League Champion and a runner up in 2021 2022 World Triathlon series overall 3rd with wins in Leeds and Hamburg WTS events A Silver medal at the Commonwealth Games in Birmingham after a crappy penalty call had him sidelined with a 10-second penalty before the spring finish for Gold. A National 5km Champion for New Zealand with a personal best of 13.28 ( 2.42 k pace or 4.21-mile pace) Hayden Wilde is a prime example of how Super League Triathlon can kickstart an athlete's career – and give them a great nickname. Hayden was already accomplished at swim-bike-run as a junior on the less well known off-road scene. But he really came of age on the world triathlon stage racing Super League, where his amazing chase from behind in Super League Malta earned him the moniker of the “Maltese Falcon”.   Growing up in Whakatane, New Zealand, Hayden Wilde has always had a love for the outdoors, for exploring and being active. His childhood consisted of every outdoor adventure sport under the sun and multiple other pursuits. Although he suffered a terrible loss as a young man when his father passed away in tragic circumstances, Wilde's focus didn't wane and he made a push for greatness.   Timestamps 2:23 - Interview with Hayden Wilde begins 4:56 - What a year! Hayden crushed the Super League with 5 podiums, including three wins, then crushed the WTS with two wins in Leeds and Hamburg, and two seconds at Montreal and Yokohama and then a 2nd in Commonwealth Games. Hayden explains what was the standout for him in the pastyear. 11:32 - Hayden explains what his focus was when starting 2022. 13:51 - Greg and Hayden discuss his Comm Games performance and the penalty he received during the race. 18:27 - Greg and Hayden discuss how the 18 month COVID lockdowns in New Zealand affected his preparation and performance heading into the Olympic Games. About 2km before the finish is when I blew up ... 24:58 - Hayden describes the swim stage at the Olympics and how close he came to the propeller of the support boat. 32:17 - Being the first medal for New Zealand, Hayden describes how amazing the reception back home was for him. 34:10 - What inspired Hayden Wilde into Triathlon? 38:00 - Hayden started with some hockey and football, and describes how his 'average' sporting beginnings allowed him to find his passion as a triathlete. my first race was in 2017 46:10 - Hayden's father was a fertiliser pilot and passed away in a tragic accident 14 years ago. He explains how he found out and how that time changed his life path forever. His vulnerability and honesty is very courageous and show how mature this young man is. 49:56 - What is Hayden Wilde's highest high in his career to date? 51:25 - ... And his lowest low in performance in his career. 54:11 - Hayden describes how he has given back to his family with the success he has had. Again, the maturity and integrity Hayden shows in his actions is impressive. 57:30 - Who would you want to have dinner with (non family, living or dead)? 58:36 - Where does Hayden Wilde see himself in 3 years? 59:30 - Who is Hayden's GOAT athlete of all sports? 1:01:26 - Greg and Hayden finish their chat with some rapid fire questions and answers. One book you would recommend? Two most-used apps on your phone? What time of day are you most productive? First job? Out of 10, how cool are you? Who would you want to play a movie of your life? Which decade of music is the best? If you could be transformed into one animal, which one would you choose? Where is somewhere you haven't been, you'd like to go? Greatest movie of all time? 1:07:36 - What's next for Hayden Wilde with only 12 weeks until the World Series Opener in Abu Dhabi? 1:11:49 - Interview concludes   Links Be sure and check out bennettendurance.com Find Greg on social media: Twitter @GregBennett1 Instagram @GregBennettWorld   And check out Hayden Wilde Instagram: https://www.instagram.com/hayden_wilde Facebook: https://www.facebook.com/HaydenWi1de/ Website: https://www.haydenwilde.nz/ Red Bull: https://www.redbull.com/int-en/athlete/hayden-wilde

Tommy Metz III is a filmmaker and storyteller in Los Angeles, CA. He directed the feature film ‘30 Nights', and his latest short ‘Static' is going to be playing in festivals starting next month. He's also an anxiety-riddled mess and co-host of What's That Smell? A Sometimes-Funny Podcast about Humans and Their Anxieties. He's here because he was dragged to be here in an effort to follow up on the last time he was here in May 2019.Our purpose today? We've talked about emotional storms in the past, credited to James Ochoa. To start us off this week: what do you do when the anxiety storm hits, the cannonball of fear in your stomach? What causes it, connects those experiences, and how do you get to the other side of it?Along the way, we talk about our “favorite” anxieties that have come up on the WTS podcast. We talk about the contagion that is anxiety and how easy it is to personalize others' anxieties and make them our own. Finally, we share a segment from episode one of the seventh season of What's That Smell at the very end of this week's show! 00:00 - Welcome to The ADHD Podcast! 01:06 - Support the show: Become a Patron at patreon.com/theadhdpodcast 02:28 - Introducing Tommy Metz 04:20 - Exploring the Anxiety Cannonball 19:25 - Talking about talking about anxiety 21:10 - The Anxiety Contagion 26:40 - "Favorite" Anxieties 35:52 - WTS7 39:56 - Special: A bit from WTS episode 7, season 1 ★ Support this podcast on Patreon ★