Living Off Rentals: Recent Episodes
Kirby Atwell
We believe that a high quality rental property is the best investment a person can make. This podcast equips listeners to build a rental portfolio of their own. Each week host, Kirby Atwell, interviews someone who is living off rentals and identifies best practices, advice, and potential investing pitfalls to avoid!
Joining us in this episode of Living Off Rentals is someone who is redefining the way investors think about real estate—and doing it in one of the country's most needed and profitable niches.
Brett Chotkevys is the co-founder of Platinum Assisted Living Luxury and the creator of a revolutionary assisted living mansion model that blends top-tier residential luxury with world-class elder care. After flipping 200+ homes, Brett transitioned to developing 16-bed luxury assisted living homes that generate $40,000 in monthly net income per facility.
In this episode, Brett explains how assisted living became the next big opportunity for real estate investors, what sets his model apart, and how he helps others do the same—even with no prior medical background. If you’ve ever considered blending real estate, business, and purpose, you’ll want to hear this conversation.
Enjoy the show!
Key Takeaways:
[00:00] Introducing Brett Chotkevys and his real estate background [03:10] Transitioning from house flipping to assisted living [07:03] Some of the lessons Brent learned from the flipping experience [10:20] Creating the “Assisted Living Mansion” model [14:42] Licensing and zoning considerations by state [17:17] Assisted Living is different from a hospice house [20:11] What it costs to build and how SBA loans make it possible [26:52] The team, staffing, and operations behind the scenes [35:14] Marketing: How to keep a waitlist of residents [36:31] The Strategic 20 [40:36] Brett’s blueprint for those interested in getting started [43:28] Connect with Brett Chotkevys
Guest Links:
Website: https://www.assistedlivingmansion.com/ Instagram: https://www.instagram.com/assistedlivingmansion/
Show Links:
Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals Living Off Rentals YouTube Podcast Channel - youtube.com/c/LivingOffRentalsPodcast Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals Living Off Rentals Website – https://www.livingoffrentals.com/ Living Off Rentals Instagram – instagram.com/livingoffrentals Living Off Rentals TikTok – tiktok.com/@livingoffrentals
Joining us on this episode of Living Off Rentals is someone who helps rental property investors unlock huge tax savings through accelerated depreciation.
Dawn Polin is a Certified Public Accountant (CPA) with over 20 years of experience, including managing the cost segregation practice at a large CPA firm.
Today, she’s the Managing Director of Rental Property Refund, a platform that simplifies and automates accelerated depreciation studies so everyday investors can take full advantage of this powerful tax strategy.
Listen as she explains what cost segregation is, how this strategy can dramatically reduce your tax burden and even offset W-2 income, and what’s on the horizon for bonus depreciation laws.
Enjoy the show!
Key Takeaways:
[00:00] Introducing Dawn Polin and her background
[01:33] Dawn's background and her journey into tax strategy
[02:08] What is Cost Segregation and why does it matter?
[03:23] The step-by-step cost segregation process
[06:45] Strategies people use to offset asset depreciation
[08:25] The difference between short-term and long-term rentals
[09:44] Long-term rentals are going to be passive
[12:50] Streamlining with rental property refund
[14:42] Common mistakes real estate investors make
Guest Links / Special Links:
Get 10% off on Rental Property Refund's tax tool by checking out their free webinar below ⬇️ https://rentalpropertyrefund.com/aff-wh-refersion.php?rfsn=8663927.c9edf7
Plus, get an extra $150 off by using the promo code KIRBY150, exclusively for the Living Off Rentals community.
Website: https://rentalpropertyrefund.com/
Show Links:
Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals
Living Off Rentals YouTube Podcast Channel - youtube.com/c/LivingOffRentalsPodcast
Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals
Living Off Rentals Website – https://www.livingoffrentals.com/
Living Off Rentals Instagram – instagram.com/livingoffrentals
Living Off Rentals TikTok – tiktok.com/@livingoffrentals
Joining us on this episode of Living Off Rentals is someone who’s helped Kirby secure five different DSCR loans over the past year and a half.
Jay Anderson is a lender with Visio Lending, a company that specializes in DSCR loans for investment properties.
A DSCR (Debt Service Coverage Ratio) loan allows investors to qualify based on a property’s income—not their personal income.
It’s a great option for self-employed investors, those without W2 income, or anyone looking to scale without hitting debt-to-income limits.
As an active investor himself, Jay knows what it takes to get deals done, especially in today’s market.
In this episode, he breaks down how DSCR loans work, what it takes to qualify, and why they’re such a powerful tool for scaling your portfolio.
You’ll also learn about how DSCR loans can supercharge your BRRRR strategy and common pitfalls to avoid when applying for financing.
Enjoy the show!
Key Takeaways:
[00:00] Introducing Jay Anderson and his background [02:18] Getting into real estate lending [05:20] What are DSCR loans? [08:30] Qualifications for DSCR loans [13:19] Biggest reasons people get denied financing [20:20] Basic terms for DSCR loan [26:24] Jay's recommendation in terms of financing for someone who wants to do the BRRRR strategy [31:24] Location and type of property most profitable for investors [33:40] His advice for new real estate investors [38:33] Connect with Jay Anderson [39:44] Outro
Guest Links:
Website: https://visiolending.com/ae-directory/jay-anderson/ Email: jay.anderson@visiolending.com Contact Number: 737-910-2344
Show Links:
Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals Living Off Rentals YouTube Podcast Channel - youtube.com/c/LivingOffRentalsPodcast Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals Living Off Rentals Website – https://www.livingoffrentals.com/ Living Off Rentals Instagram – instagram.com/livingoffrentals Living Off Rentals TikTok – tiktok.com/@livingoffrentals
Joining us on this episode of Living Off Rentals is Matt Aitchison — a hotelier, investor, and host of the Millionaire Mindcast podcast — whose journey through adversity is nothing short of remarkable.
After hitting rock bottom in college and spending time in jail, Matt made a pivotal decision to transform his life. He went on to flip hundreds of homes, build a massive single-family portfolio, and is now scaling a commercial and hospitality real estate empire as CEO of Imagos Hospitality Group.
Matt shares how he learned to fail forward, using early setbacks as fuel for success. He and Kirby dive into his transition from single-family rentals to commercial properties, the power of mentorship, and the creative financing strategies he's using to close deals in today’s challenging market.
Key Takeaways:
[01:00] Introducing Matt Aitchison and his background [02:00] The two types of people when facing adversities and setbacks [08:06] Getting a mentor as a real estate investor [13:59] If you want extraordinary results, be willing to do extraordinary things [17:49] Transition from single-family rentals to commercial real estate investing [23:23] There's a bull market in any bear market [24:17] Season of seller finance [31:22] The beauty of commercial real estate [36:45] The journey of real estate investing is every deal is going to have challenges [43:12] Real estate slowly becomes less about their money, and more about solving problems [48:10] Connect with Matt Aitchison [49:18] Outro
Guest Links:
Website: https://www.mattaitchison.com/ Imagos Group: https://www.imagosgroup.com/ Millionaire Mindcast Podcast: https://www.millionairemindcast.com/ Wise Investor Collective Mastermind Group: https://wiseinvestorcollective.com/
Show Links:
Living Off Rentals YouTube Channel -https://www.youtube.com/c/LivingOffRentals Living Off Rentals Facebook Group -www.facebook.com/groups/livingoffrentals Living Off Rentals Website -www.livingoffrentals.com Living Off Rentals Instagram -www.instagram.com/livingoffrentals Living Off Rentals TikTok - www.tiktok.com/@livingoffrentals
Joining us on this episode of Living Off Rentals is someone who escaped the corporate grind and built a lifestyle by design through turnkey real estate.
Ali Boone is an engineer, rugby player, pilot, adventurer, and the founder of Hipster Investments. She’s also the author of three different real estate books, including Not Your How-To Guide to Real Estate Investing.
In this conversation, Ali shares how she transitioned from aerospace engineering to buying hands-off rental properties—and how that led to her helping others do the same. She breaks down the fundamentals of what turnkey investing really is, how to screen a good provider, and the mindset shifts new investors need to succeed.
Enjoy the show!
Key Takeaways:
[01:35] Introducing Ali Boone and her background
[02:30] Getting out of the corporate world
[03:16] Making a career out of turnkey rental properties
[12:04] What is a turnkey rental property?
[16:31] Ali's very first rental turnkey property
[29:18] How to screen a good turnkey provider?
[30:27] Where did the profits come from?
[40:14] Helping people who want to buy some turnkey property
[43:28] The fundamentals of turnkey real estate investing
[49:00] Ali's version of financial freedom
[54:05] Connect with Ali Boone
[55:25] Outro
Guest Links:
Website: https://www.hipsterinvestments.com/
Show Links:
Living Off Rentals YouTube Channel -https://www.youtube.com/c/LivingOffRentals
Living Off Rentals Facebook Group -www.facebook.com/groups/livingoffrentals
Living Off Rentals Website -www.livingoffrentals.com
Living Off Rentals Instagram -www.instagram.com/livingoffrentals
Living Off Rentals TikTok - www.tiktok.com/@livingoffrentals
Joining us in this episode of Living Off Rentals is Jonna Weber, a seasoned buy-and-hold investor with two decades of experience investing in single-family and small multifamily properties in Idaho.
Jonna runs the Boise Real Estate Investor Network, where she helps connect and support investors across the state. She is also the host of the Idaho Real Estate Investors Podcast.
Listen as she shares her journey from buying her first property in 2003 to building a thriving investor community. You’ll hear how she gradually grew her portfolio, why she chose to focus on one market, and how building relationships has been key to both her personal success and the success of those around her. Enjoy the show!
Key Takeaways:
[00:00] Introducing Jonna Weber and her background [03:48] What got Jonna into real estate? [07:50] Her very first rental bought in 2003 [09:51] Joining forums about real estate and getting help from other people [13:58] Systems and screening in self-managing properties [20:25] Jonna's exit plan for her assets [22:13] Leaving a legacy in the market [25:14] Connecting and building relationships with other investors [32:08] Evaluate your best niche and strategy
Guest Links:
Website: https://jonnaweber.com/ Boise Real Estate Investor Network: https://www.boiserein.com/
Show Links:
Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals Living Off Rentals YouTube Podcast Channel - youtube.com/c/LivingOffRentalsPodcast Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals Living Off Rentals Website – https://www.livingoffrentals.com/ Living Off Rentals Instagram – instagram.com/livingoffrentals Living Off Rentals TikTok – tiktok.com/@livingoffrentals
In this episode of Living Off Rentals, we’re joined by Henry Russell—a Navy veteran, entrepreneur, and multifamily real estate investor with over 15 years of experience.
Henry Russell attended the U.S. Naval Academy and went on to complete multiple combat tours in Iraq as a Naval officer. After leaving the Navy, he returned to Baltimore, where he founded a construction company, a property management company, and, in 2020, launched RFC Capital, a veteran-owned investment firm based in San Diego.
RFC Capital specializes in a unique and impactful strategy: converting underutilized carports and garages into affordable rental units. This creative approach not only delivers strong returns for investors but also helps address San Diego’s growing affordable housing crisis.
Listen to hear about Henry’s unique strategy and how to add tons of value to garage spaces by turning them into livable apartments.
Enjoy the show!
Key Takeaways:
[00:00] Introducing Henry Russell and his background
[03:17] His transition from the Navy to real estate investing
[05:04] Different ways to start in real estate investing
[13:45] Partnership to build a strong real estate resume
[16:34] Henry's strategy for success
[20:15] Converting garages to apartment units
[24:21] Defensive strategy to buy real estate
[30:01] Doubling the rental income by renovating existing units
[39:30] The Ideal type of investor Henry works with
[43:21] His advice for first-time investors
[46:55] Connect with Henry Russell
Guest Links:
Website: https://rfccap.com/
Show Links:
Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals
Living Off Rentals YouTube Podcast Channel - youtube.com/c/LivingOffRentalsPodcast
Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals
Living Off Rentals Website – https://www.livingoffrentals.com/
Living Off Rentals Instagram – instagram.com/livingoffrentals
Living Off Rentals TikTok – tiktok.com/@livingoffrentals
Joining us on this episode of Living Off Rentals is an award-winning attorney, entrepreneur, and mom of three who owns seven businesses—including her own law firm.
Diana Khan, named one of the Top 40 Young Lawyers in the country, simplifies the legal side of real estate investing and shares how to structure your business to protect your assets and scale with confidence.
From LLCs to holding companies to personal trusts, she walks through what each one is and what every rental property owner needs to know to grow the right way.
Whether you’re buying your first rental or rapidly scaling your portfolio, this episode is packed with legal insight that could save you a lot of money (and headaches) down the line.
Enjoy the show!
Key Takeaways:
[00:00] Introducing Diana Khan and her background
[01:45] Her time management as a business owner, attorney, and mom of three children
[03:13] Operating her businesses independently
[07:04] Best entity set up for rental property owners
[14:35] Diana's simple explanation about LLC and personal trust
[17:48] Setting up a trust
[20:22] Biggest mistakes for rental property owners
[24:51] The process of failure to pay rent
[28:26] How do you get a rental license?
[37:40] What is an umbrella policy in real estate investing?
[43:59] Connect with Diana Khan
Guest Links:
Website: https://www.dklawmd.com/
Show Links:
Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals
Living Off Rentals YouTube Podcast Channel - youtube.com/c/LivingOffRentalsPodcast
Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals
Living Off Rentals Website – https://www.livingoffrentals.com/
Living Off Rentals Instagram – instagram.com/livingoffrentals
Living Off Rentals TikTok – tiktok.com/@livingoffrentals
Joining me on this episode of Living Off Rentals is someone who’s been an athlete, Navy veteran, cyber engineer, and now, a short-term rental investor.
Stylianos “Steve” Kalamaras is a fighter in every sense of the word. A former boxer turned real estate investor, he’s built an impressive short-term rental portfolio that brings in solid cash flow to rival his tech salary.
He is also a member of my First Vacation Rental Investment Blueprint Program, and since joining, he’s closed on a handful of standout deals, including one where he converted a two-unit into a three-unit property that’s already generating over $3,000 in monthly cash flow.
In this episode, we dive into how each chapter of his life, from sports to military service to tech, has contributed to his success as an investor. We also talk about the lessons he learned through the deals he’s closed, working with contractors, and why a good house hack might just be the best financial decision you can make.
Enjoy the episode!
Key Takeaways:
[00:00] Introducing Stylianos Kalamaras and his background
[02:24] Before getting into real estate
[05:28] Skills as a professional athlete and military that played a part in his success as a real estate investor
[08:18] His first deal and first full rental
[15:42] Launching a new property
[17:31] What is the BRRRR strategy?
[21:07] The bare minimum in considering a deal
[25:23} The biggest risk in business is a knowledge gap
[31:21] Getting the kids involved
[32:02] "Get started as soon as you can."
[37:26] Connect with Stylianos Kalamaras
Guest Links:
Instagram: https://www.instagram.com/thegoldengreek
Show Links:
Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals
Living Off Rentals YouTube Podcast Channel - youtube.com/c/LivingOffRentalsPodcast
Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals
Living Off Rentals Website – https://www.livingoffrentals.com/
Living Off Rentals Instagram – instagram.com/livingoffrentals
Living Off Rentals TikTok – tiktok.com/@livingoffrentals
Joining us in this episode of Living Off Rentals is someone with a 20-year background in the digital media space. Kamille Longstreet is a real estate investor, influencer, and co-founder of Stay Booked, a company that helps vacation rental owners master independent marketing to grow their bookings.
With over 20 years of experience in the media and digital marketing industry, Kamille was able to generate over $50K in direct bookings (on top of her Airbnb revenue) and grow her Instagram following to 10K+ in less than 9 months.
Listen as she shares the social media strategies to get direct bookings for your properties, how to work with social media influencers, and why social media marketing is a great tool for property hosts. Enjoy the show!
Key Takeaways:
[00:00] Introducing Kamille Longstreet and her background
[02:02] Getting into short-term rentals
[09:07] Barriers to moving to another country
[19:02] The eight playbooks of how to start getting more direct bookings
[25:52] How do you hire an influencer?
[28:03] Negotiating and making an agreement with influencers
[30:54] Branding is very important
[33:18] Content creation
[37:53] Creating the direct booking website
[49:32] About email marketing
[01:00:10] Connect with Kamille Longstreet
Guest Links:
Website: https://staybooked.net/
Show Links:
Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals
Living Off Rentals YouTube Podcast Channel - youtube.com/c/LivingOffRentalsPodcast
Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals
Living Off Rentals Website – https://www.livingoffrentals.com/
Living Off Rentals Instagram – instagram.com/livingoffrentals
Living Off Rentals TikTok – tiktok.com/@livingoffrentals
In this episode of Living Off Rentals, we’re joined by UK-based short-term rental investor Ollie Laing, who’s cracked the code on direct bookings.
While most hosts rely heavily on platforms like Airbnb and Booking.com, Ollie generates over 50% of his revenue from direct bookings through his own website. In this episode, he shares exactly how he does it.
He also talks about some of the key lessons he’s learned while building a successful vacation rental business, including how he manages properties remotely, his go-to tactics for driving direct bookings, and the strategies he uses to mitigate risk.
Enjoy the show!
Key Takeaways:
[01:59] How Ollie started in short-term rentals
[05:11] Owning your properties vs managing others
[11:37] Mitigating problems in short-term rentals
[15:06] Ollie on remote management of properties
[21:21] About SuiteOp
[26:19] Tactics for getting direct bookings
[32:21] Mitigating the risk for direct bookings
[35:55] His advice for people starting their rental business
[43:56] Connect with Ollie Laing
Guest Links:
Website: https://www.perfectbooking.co.uk/
Show Links:
Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals
Living Off Rentals YouTube Podcast Channel - youtube.com/c/LivingOffRentalsPodcast
Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals
Living Off Rentals Website – https://www.livingoffrentals.com/
Living Off Rentals Instagram – instagram.com/livingoffrentals
Living Off Rentals TikTok – tiktok.com/@livingoffrentals
Joining us in this episode of Living Off Rentals is Donald Pearson, a Wealth Management Advisor at Westpac Wealth Partners who holds an impressive list of certifications. Donald is a CERTIFIED FINANCIAL PLANNER™ (CFP®) and a Retirement Income Certified Professional® (RICP®), and he helps individuals and business owners reach their financial goals as efficiently as possible.
A graduate of the United States Naval Academy, Donald was commissioned as a Marine Corps officer and later served as a Financial Manager in the Marine Corps.
Listen as he shares his full financial journey, the key areas you need to focus on to achieve financial freedom, and why good financial planning is an ongoing process. He also breaks down the four domains of financial planning and walks us through the “mathematical equation” of financial freedom.
Enjoy the show!
Key Takeaways:
[00:00] Introducing Donald Pearson and his background
[08:02] Helping clients become more diversified and well-rounded
[12:59] The four domains of financial planning
[17:56] Living into someone's living balance sheet
[24:17] Good financial planning and decision-making is an ongoing process
[31:09] Where do successful people put their money?
[44:54] Connect with Donald Pearson
Guest Links:
Email: donald.pearson@westpacwealth.com
Show Links:
Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals
Living Off Rentals YouTube Podcast Channel - youtube.com/c/LivingOffRentalsPodcast
Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals
Living Off Rentals Website – https://www.livingoffrentals.com/
Living Off Rentals Instagram – instagram.com/livingoffrentals
Living Off Rentals TikTok – tiktok.com/@livingoffrentals
In this episode of Living Off Rentals, we are joined by Mark Lumpkin, a real estate investor who fell in love with short-term rentals 10 years ago.
Mark has helped over 500 short-term rental investors optimize their properties—handling everything from renovations to design—and has guided many others in establishing their own successful rentals.
Listen as Mark shares his journey with short-term rentals and how this investment strategy has provided him the flexibility to pursue his passions. We also dive into his work with STR Cribs, exploring how thoughtful design choices can make rentals stand out.
Plus, we discuss why furniture, décor, and strategic renovations are essential for maximizing cash flow in the short-term rental market. Enjoy the show!
Key Takeaways:
[00:00] Introducing Mark Lumpkin and his background
[04:19] How he got into the real estate industry
[07:21] Choose a property for short-term rentals with your guest avatar
[11:37] Recommended budget for furnishings and design for your property
[14:41] What is data-driven design?
[18:16] The importance of leaning on expert experience from professional designers
[27:57] Doing quick preventive maintenance regularly
[31:14] The shift in trends for short-term rentals
[36:22] Connect with Mark Lumpkin
Guest Links
Website: https://strcribs.com/
Email: mlumpkin@strcribs.com
Show Links:
Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals
Living Off Rentals YouTube Podcast Channel - youtube.com/c/LivingOffRentalsPodcast
Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals
Living Off Rentals Website – https://www.livingoffrentals.com/
Living Off Rentals Instagram – instagram.com/livingoffrentals
Living Off Rentals TikTok – tiktok.com/@livingoffrentals
Joining us in this episode is someone who has been making waves in the affordable housing space. He is a returning guest, previously appearing on Episode 92 of Living Off Rentals in 2021.
Atticus LeBlanc is the founder of PadSplit, the country’s largest co-living marketplace, which helps property owners increase cash flow while providing affordable housing for thousands of residents. Since launching in 2017, PadSplit has housed more than 42,000 people and has grown to over 17,000 shared housing units across multiple U.S. markets.
An entrepreneur since 2005, Atticus was an affordable housing developer and contractor before founding PadSplit.
Listen as he shares more about how PadSplit works and discusses how he converts living spaces into bedrooms to create massive cash flow. Enjoy the show!
Key Takeaways:
[00:00] Introducing Atticus LeBlanc and his background
[03:47] How PadSplit works?
[11:22] Type of property that best works for PadSplit members
[17:10] The fractionalization of real estate by time versus the fractionalization of real estate by space
[26:25] Managing the challenges of bureaucracy and zoning issues
[33:53] How to manage different personalities under one roof?
[49:05] Connect with Atticus LeBlanc
Guest Links:
Website: https://www.padsplit.com/hosts
Show Links:
Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals
Living Off Rentals YouTube Podcast Channel - youtube.com/c/LivingOffRentalsPodcast
Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals
Living Off Rentals Website – https://www.livingoffrentals.com/
Living Off Rentals Instagram – instagram.com/livingoffrentals
Living Off Rentals TikTok – tiktok.com/@livingoffrentals
Is college the best path to financial success, or is there another way?
In this episode, Steven Rich shares his bold decision to drop out of his mechanical engineering program and dive headfirst into real estate investing.
Now, he is the owner of 50 service accommodation rooms with bookings across several online travel agency (OTA) platforms like Airbnb and Booking.com.
Steven reveals the experiences, lessons, risks, and rewards of building a real estate business instead of following the traditional college route.
Tune in to hear his story, and enjoy the show!
Key Takeaways:
[00:00] Introducing Steven Rich and his background
[02:57] His decision to leave college
[07:28] The worst-case scenario of leaving your full-time job or college degree
[11:14] Risky move to own a 22-room hotel
[23:05] Time frame between purchasing the property and start taking bookings
[31:38] Optimizing on- and off-seasons in property bookings
[41:54] FAIL: First Attempt In Learning
[49:20] Outro
Guest Links:
Follow Steven on Instagram: https://www.instagram.com/steven_rich_property/
Show Links:
Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals
Living Off Rentals YouTube Podcast Channel - youtube.com/c/LivingOffRentalsPodcast
Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals
Living Off Rentals Website – https://www.livingoffrentals.com/
Living Off Rentals Instagram – instagram.com/livingoffrentals
Living Off Rentals TikTok – tiktok.com/@livingoffrentals
For today's episode of Living Off Rentals, we are joined by Austin Palacios, a short-term rental investor based in Miami. He is also the bestselling author of “Airbnb Co-hosting Secrets: How to Start and Scale a Co-Hosting Business in 30 Days,” and has been featured on MSN, Mogul's of Business, and US Times.
Austin started his career in wealth management and transitioned into investing in real estate at the age of 23. Now, he holds a portfolio of properties across Florida and Chicago.
Listen as he shares his journey since leaving his day job in 2021 to focus on investing in real estate full-time. He also reveals a clever strategy for generating rental income without actually owning the property.
Sounds interesting, right? Enjoy the show!
Key Takeaways:
[00:00] Introducing Austin Palacios and his background
[02:48] Going full-time in real estate investing
[06:56] Getting into short-term rentals
[13:33] Risks of Airbnb or short-term rentals
[18:03] The downside and upside of co-hosting
[24:59] Mistakes people make as they're getting into co-hosting
[27:36] Type of team members Austin have
[36:00] Finding the right market in real estate
[43:03] Connect with Austin Palacios
Guest Links:
Website: https://www.instagram.com/austin__palacios/
Show Links:
Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals
Living Off Rentals YouTube Podcast Channel - youtube.com/c/LivingOffRentalsPodcast
Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals
Living Off Rentals Website – https://www.livingoffrentals.com/
Living Off Rentals Instagram – instagram.com/livingoffrentals
Living Off Rentals TikTok – tiktok.com/@livingoffrentals
Joining us in this episode of Living Off Rentals is someone who has built a portfolio around one of the most sought-after factors in housing—access to top-tier schools.
Sean O'Dowd is the Managing Director of Scholastic Capital, a real estate fund that acquires and rents out single-family homes in elite school districts.
He began his career at Boston Consulting Group (BCG) and graduated with honors from The Wharton School of Business.
Listen as he shares how he carved out this niche in real estate, what it was like growing up with parents who were against real estate investing, and why his investing strategy is so profitable.
Enjoy the show!
Key Takeaways
[00:00] Introducing Sean O'Down and his background
[03:38] His parents are anti-real estate investing
[07:15] Ideal type of property to own in school districts
[08:20] Unlevered yield on cost
[22:43] Open-ended fund model vs closed-end fund
[23:57] Two kinds of ways fund managers get paid
[33:01] Three different elements on total returns
[37:08] Fixable and not-fixable decisions
[40:39] Connect with Sean O'Dowd
Guest Links:
Website: https://scholasticcapital.com/
Show Links:
Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals
Living Off Rentals YouTube Podcast Channel - youtube.com/c/LivingOffRentalsPodcast
Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals
Living Off Rentals Website – https://www.livingoffrentals.com/
Living Off Rentals Instagram – instagram.com/livingoffrentals
Living Off Rentals TikTok – tiktok.com/@livingoffrentals
Joining us in this episode of Living Off Rentals is someone who has been a real estate investor since 2004 and has a diverse portfolio of residential, commercial, and self-storage properties.
Julie Gates started SID WAS HERE in 2017, which specializes in short-term and long-term rentals. She also produces a local podcast about investing in Savannah, Georgia, called Cashflow Savannah, and hosts a monthly meetup in the area called Cashflow Savannah Meetup.
Listen as she shares how she started her journey as a real estate investor, her focus on short-term rentals, medium-term rentals, self-storage, and commercial properties, and the keys to identifying a high-cash-flowing short-term rental. Let's dive in!
Key Takeaways:
[00:00] Introducing Julie Gates and her background
[02:25] Julie's first property
[09:42] Getting a real estate license
[18:55] Doing medium-term rentals while doing short-term rentals
[33:22] Legitimacy over followers
[36:46] How do you identify a high cash-flowing short-term rental?
[41:12] Real estate is about the numbers
[45:12] The biggest lesson Julie learned in her real estate journey
[50:11] Connect with Julie Gates
Guest Links:
Website: https://sidwashere.com/
Instagram: https://www.instagram.com/sidwashere912/
Show Links:
Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals
Living Off Rentals YouTube Podcast Channel - youtube.com/c/LivingOffRentalsPodcast
Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals
Living Off Rentals Website – https://www.livingoffrentals.com/
Living Off Rentals Instagram – instagram.com/livingoffrentals
Living Off Rentals TikTok – tiktok.com/@livingoffrentals
In this episode of Living Off Rentals, we’re joined by someone who went from sportscaster to struggling entrepreneur, before finally finding the success and fulfillment he was looking for through short term rental investing.
Kyle Stanley spent a decade as a serial entrepreneur before discovering real estate. At 31, he took a chance on investing and quickly realized the power of short-term rentals to generate significant cash flow and transform his financial future.
What started as listing a spare room on Airbnb turned into a thriving short-term rental business. Kyle scaled his portfolio, built a management company that grew to 70+ units, sold that company, and now lives off his own rentals while teaching others how to make money through real estate investing via his podcast and platform, The Fearless Investors.
This episode is full of valuable insights on scaling with intention, deciding on a real estate exit strategy, creative financing, and more. Enjoy the show!
Key Takeaways:
[00:00] Introducing Kyle Stanley and his background
[03:48] His decision to get started investing in short-term rentals
[06:59] Skills + Best Exit Strategy
[17:09] Kyle on building true financial freedom
[20:50] What is Creative Financing?
[27:26] Identifying properties to invest
[33:08] Difference between people who struggle and people who are successful in short-term rental investments
[37:31] Quantity versus Quality in short-term rentals
[46:21] Connect with Kyle Stanley
Guest Links:
Website: Visit https://thefearlessinvestors.co/ for a free 15-minute training
Email: info@fearlesskyle.com
Show Links:
Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals
Living Off Rentals YouTube Podcast Channel - youtube.com/c/LivingOffRentalsPodcast
Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals
Living Off Rentals Website – https://www.livingoffrentals.com/
Living Off Rentals Instagram – instagram.com/livingoffrentals
Living Off Rentals TikTok – tiktok.com/@livingoffrentals
Joining us in this episode of Living Off Rentals is someone who has spent the last decade mastering remote real estate investing across a range of property types.
Michael Albaum is a seasoned real estate investor who began his journey in 2012 and has since built a portfolio spanning various asset classes. As the creator of MyFI (Financial Independence) Academy, he now helps others achieve financial independence through real estate investing.
In this episode, Michael shares how his early mindset shifts led him to multifamily investing, why he decided to focus on just a few markets, and how he managed to invest remotely—even while traveling internationally and living on the road. He also dives into his definition of financial independence, the sacrifices he made along the way, and his advice for anyone looking to get started in real estate. Enjoy the show!
Key Takeaways:
[00:00] Introducing Michael Albaum and his background
[06:02] Michael's mindset shifts in real estate
[08:45] The hardships of real estate
[17:34] His journey after that first deal!
[22:06] You can diversify within a particular market
[28:45] Being a professional remote real estate investor
[30:54] Michael's definition of financial independence
[38:20] His best deal!
[42:09] Connect with Michael Albaum
Guest Links:
Website: https://www.myfiacademy.com/
Show Links:
Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals
Living Off Rentals YouTube Podcast Channel - youtube.com/c/LivingOffRentalsPodcast
Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals
Living Off Rentals Website – https://www.livingoffrentals.com/
Living Off Rentals Instagram – instagram.com/livingoffrentals
Living Off Rentals TikTok – tiktok.com/@livingoffrentals
Joining us on this special fifth-anniversary episode of Living Off Rentals is an attorney with over 15 years of experience helping high-net-worth individuals protect their assets and grow their wealth.
Glenn Truitt is the co-founder of Private Wealth Law, where he focuses on everything from Mergers and Acquisitions to Corporate Governance and Asset Protection.
Born in the suburbs of Chicago and growing up in Denver, Glenn is a proud graduate of the U.S. Naval Academy (graduating 8th in his class) and served as a Ballistic Missile Submarine Officer in the Navy before earning his law degree from Stanford Law School.
In this episode, Glenn breaks down the corporate governance strategies that real estate investors need to know. From choosing the right LLC structure to understanding Series LLCs and Family Limited Partnerships, Glenn shares tips to help you reduce your risk while saving time and money in the long run.
If you’re serious about protecting your investments, this is an episode you don’t want to miss. Listen and enjoy the show!
Key Takeaways:
[03:10] Introducing Glenn Truitt and his background
[08:40] Common Misconceptions for Business Law for Real Estate Investors
[15:56] About piercing in real estate
[25:11] Series LLC vs Individual
[36:37] Glenn's recommendations on the best way to partner in business
[42:00] Unsaid expectations, pre-planned problems
[48:18] Family Limited Partnership (FLP)
[54:33] Connect with Glenn
Guest Links:
Website: https://privatewealthlawinc.com/
Email: gtruitt@privatewealthlawinc.com
The ABCs of LLCs: https://privatewealthlawinc.com/insights/#papers
Show Links:
Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals
Living Off Rentals YouTube Podcast Channel - youtube.com/c/LivingOffRentalsPodcast
Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals
Living Off Rentals Website – https://www.livingoffrentals.com/
Living Off Rentals Instagram – instagram.com/livingoffrentals
Living Off Rentals TikTok – tiktok.com/@livingoffrentals
For the third time, we've got Buddy Rushing coming back for today's episode of Living Off Rentals.
He is the co-owner, president, and CEO of White Feather Investments, a company whose mission is to educate and empower military members to achieve financial freedom through real estate investing.
Buddy is a Marine Corps veteran whose passion is to help fellow military personnel, and their families generate passive income and achieve financial freedom.
One year after his last appearance, we’ll hear more about Buddy's journey in the real estate investing space and how he continuously provides value to people through community building.
He also talks about how it’s possible to make $600,000 on wholesale (whow!), the upcoming Financial Freedom Summit, and his outlook for 2025 in the real estate investing space.
Enjoy the show!
Key Takeaways:
[00:00] Introducing Buddy Rushing and his background
[04:45] Spending time providing value to people
[10:09] His evolution as an investor
[20:35] It is possible to make $600,000 in wholesale
[23:27] The pros and cons of syndication
[32:26] What is the Financial Freedom Summit?
[44:45] Buddy's outlook for 2025 in real estate investing
[54:13] Connect with Buddy
Guest Links:
Website: https://financialfreedom.events/
Show Links:
Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals
Living Off Rentals YouTube Podcast Channel - youtube.com/c/LivingOffRentalsPodcast
Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals
Living Off Rentals Website – https://www.livingoffrentals.com/
Living Off Rentals Instagram – instagram.com/livingoffrentals
Living Off Rentals TikTok – tiktok.com/@livingoffrentals
Joining us in today's episode of Living Off Rentals is someone who has served as a Black Hawk Helicopter Pilot in the US Army for seven years.
While flying in the Army Beau Webb discovered seller financing, and was able to utilize this strategy to build a portfolio of rental properties.
Because of his real estate investments, he was able to leave the military just this past year and not have to worry about finding another W2 job.
Beau currently owns a portfolio of over 40 doors of all different types of rental properties.
Listen as he shares some of the moves that allowed him to get to financial freedom quickly, as well as the mistakes he made which is part of everyone's real estate investing journey. Enjoy the show!
Key Takeaways:
[00:00] Introducing Beau Webb and his background
[02:15] His first deal
[06:35] Seller financing in creating finance
[15:31] Beau's unicorn deal
[25:09] How does refinancing the seller finance deal work?
[34:41] Skill acquired from the military in screening people
[49:48] Advice for people who are starting their real estate journey
Guest Links:
Website: https://www.instagram.com/realestatewebb/
Show Links:
Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals
Living Off Rentals YouTube Podcast Channel - youtube.com/c/LivingOffRentalsPodcast
Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals
Living Off Rentals Website – https://www.livingoffrentals.com/
Living Off Rentals Instagram – instagram.com/livingoffrentals
Living Off Rentals TikTok – tiktok.com/@livingoffrentals
In this episode of Living Off Rentals, we interviewed Stephanie Figueros. Before her real estate journey, she was once a registered nurse.
Now, she has a unique story and expertise owning short-term rentals, flipping properties, partnering with other investors, and utilizing virtual assistants to run her business.
In addition, she also has a platform to help other people hire VAs as well.
Listen as they discuss the importance of hiring VAs for your rental business, what her first few deals look like, and the top lessons she learned along the way!
Enjoy the show!
Key Takeaways:
[00:00] Introducing Stephanie Figueros and her background
[01:43] From the healthcare industry to real estate
[07:07] The pros and cons of arbitrage
[14:50] The mental shift from W2 jobs to real estate investing
[20:19] The issue of insurance and financing when leaving full-time work
[24:20] What does Stephanie's business structure look like?
[32:11] Screening for the right VAs
[47:20] The ability to handle multiple personalities
Guest Links:
Website: https://www.youtube.com/@stephaniefigueros
Show Links:
Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals
Living Off Rentals YouTube Podcast Channel - youtube.com/c/LivingOffRentalsPodcast
Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals
Living Off Rentals Website – https://www.livingoffrentals.com/
Living Off Rentals Instagram – instagram.com/livingoffrentals
Living Off Rentals TikTok – tiktok.com/@livingoffrentals
Joining us in this episode of Living Off Rentals is someone who utilized long term rentals as a way to exit his 9-5 job and live a life of freedom.
Michael Zuber is the author of 'One Rental at a Time,' and aims to help people start their real estate investing journey by simplifying the process.
In this episode, Michael shares his journey from working full-time, to buying his first rental property, suggestion for those just getting started, and the basics of wealth building with real estate in cash flow.
Listen and enjoy the show!
Key Takeaways
[00:00] Introducing Michael Zuber and his background
[02:45] The Basics of Wealth Building with Real Estate
[08:00] What are buybacks?
[16:33] The Appreciation of Net Worth Alone is Not Enough
[18:00] The benefit of his daily financial show
[24:50] The impact of the upcoming administration on the real estate
[36:25] Michael's advice for real estate investors
Guest Links:
Website: https://onerentalatatime.com/
Show Links:
Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals
Living Off Rentals YouTube Podcast Channel - youtube.com/c/LivingOffRentalsPodcast
Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals
Living Off Rentals Website – https://www.livingoffrentals.com/
Living Off Rentals Instagram – instagram.com/livingoffrentals
Living Off Rentals TikTok – tiktok.com/@livingoffrentals
In this episode of Living Off Rentals, we are joined by someone who started as a struggling immigrant with $20, a bag of clothes, and no knowledge of English. Larisa Olteanu is now a CEO investor and a philanthropist.
She is the CEO and Founder of Unshakable Wealth and the author of Destined for Wealth, a Wall Street Journal best-seller.
Listen as she shares her journey from the humble streets of Moldova to the US, through resilience, determination, and financial knowledge. She also answers the question of how to build unshakeable wealth. It is an inspirational episode; enjoy the show!
Key Takeaways:
[00:00] Introducing Larisa Olteanu and her background
[02:36] From Moldova to the US
[15:11] Realizing she had a passion for finance
[18:39] The holistic approach to building wealth
[23:40] The technical part of building wealth
[33:08] Finding freedom and still making a great living at the same time
[49:59] The beauty of real estate
[53:37] What's next after leaving your full-time job?
[56:28] Larisa's biggest flexes
[01:01:13] Connect with Larisa Olteanu
Guest Links:
Free Money Course: www.unshakablewealth.com/kirby
Amazon Link to Destined For Wealth: https://amzn.to/4dYGLju
People can also purchase the book directly on Larisa’s website for a discounted price and extra free bonuses. Link to The Book on their website:
www.unshakablewealth.com/ebook
Show Links:
Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals
Living Off Rentals YouTube Podcast Channel - youtube.com/c/LivingOffRentalsPodcast
Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals
Living Off Rentals Website – https://www.livingoffrentals.com/
Living Off Rentals Instagram – instagram.com/livingoffrentals
Living Off Rentals TikTok – tiktok.com/@livingoffrentals
In this episode of Living Off Rentals, we have a guest who grew from zero properties to over 200 long term and short-term rentals.
William Powers and his daughter Shannon, share how they work together in the family business.
William started the business with very humble goals, and shares some of the key things he did that allowed him to scale it to an extremely profitable company.
Learn about the differences between their rent to own strategy and the short term rental strategy, both of which are key strategies in their business.
Enjoy the show!
Key Takeaways:
[00:00] Introducing William and Shannon Powers and their background
[02:09] Getting into the real estate
[08:17] Shift to rent-to-own strategy
[14:25] How much does it cost to set up properties?
[23:48] What does an ideal deal look like?
[28:00] William and Shannon's advice for first-time real estate investors
[37:43] Staying motivated after financial freedom
[42:01] Keep mistakes small, keep wins big
Show Links:
Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals
Living Off Rentals YouTube Podcast Channel - youtube.com/c/LivingOffRentalsPodcast
Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals
Living Off Rentals Website – https://www.livingoffrentals.com/
Living Off Rentals Instagram – instagram.com/livingoffrentals
Living Off Rentals TikTok – tiktok.com/@livingoffrentals
In this episode, Kirby interviewed Andrew Keel about an investing strategy that usually doesn’t get enough attention, but can be an awesome path to high cash flow and financial freedom - manufactured home investing.
Andrew Keel is the host of the podcast “Passive Mobile Home Park Investing.”
He is included in the Top 100 owners of manufactured homes with over 3,000 units under management across 10 states.
Listen on his mobile home investing journey as he shares how he turns undermanaged and mismanaged manufacturing home communities into cash flowing assets with increased occupancy and decreased operational expenses. Enjoy the show!
Key Takeaways:
[00:00] Introducing Andrew Keel and his background
[02:28] How he started investing in mobile home investing
[07:53] Advantage of investing in manufactured homes
[14:07] Difference between mobile home parks and RV parks
[23:10] Mobile Home Parks Maintenance
[27:19] Seller financing in mobile home parks
[32:27] Expected returns for this strategy
[37:03] Connect with Andrew Keel
[37:45] Outro
Guest Links:
Website: https://keelteam.com/
Want to have a free e-book from Andrew Keel?
Visit us at https://keelteam.com/top-20-things-learned-from-mobile-home-park-investing/
Show Links:
Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals
Living Off Rentals YouTube Podcast Channel - youtube.com/c/LivingOffRentalsPodcast
Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals
Living Off Rentals Website – https://www.livingoffrentals.com/
Living Off Rentals Instagram – instagram.com/livingoffrentals
Living Off Rentals TikTok – tiktok.com/@livingoffrentals
In this episode of Living Off Rentals, we are joined by a West Point graduate and former Special Operations Green Beret Officer.
Quinn McArthur got involved in real estate investing after leaving the Army. He became an expert in an interesting niche which can be extremely profitable and lower risk… land investing.
Quinn buys and sells land, and lends on land deals other investors are doing.
This outside the box strategy allows you to avoid having to deal with tenants and toilets, while also building significant streams of income.
Learn how you can do this yourself, or invest alongside Quinn in one of his upcoming deals. Enjoy the show!
Key Takeaways:
[00:00] Introducing and his background
[07:22] His Experience at the Special Forces Qualification Course
[09:27] Decision to leave the Army and get into real estate investing
[19:28] The strategy to build up cash flow from land investment
[21:50] How do you know the market value of the land you are buying?
[5:42] Strategy for selling land
Guest Links:
Website: https://apexcapitalre.com/
Show Links:
Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals
Living Off Rentals YouTube Podcast Channel - youtube.com/c/LivingOffRentalsPodcast
Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals
Living Off Rentals Website – https://www.livingoffrentals.com/
Living Off Rentals Instagram – instagram.com/livingoffrentals
Living Off Rentals TikTok – tiktok.com/@livingoffrentals
In this episode of Living Off Rentals, we are joined by a legal expert who specializes in the real estate space.
Bishoy Habib has 12 years of legal experience as a lawyer. He is also the founder of Levacy Legal and owns a real estate brokerage as well.
He talks about his experiences and how he helps clients in real estate, business law, and estate planning.
Get to know the answers to common legal questions for real estate investors and minimize the risk of lawsuits and liability. Enjoy the show!
Key Takeaways:
[00:00] Introducing Bishoy Habib and his background
[02:42] Wanting to become an attorney
[13:36] Common mistakes investors make in deal structuring
[23:15] The issue of transferring from your name into an LLC
[25:35] The balance between legal structures
[31:24] How to find the right attorney
[38:58] Connect with Bishoy Habib
[40:21] What is the Sub2 deal?
Guest Links:
Website: https://levacylegal.com/
Instagram: https://www.instagram.com/attorneybishoy/
Show Links:
Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals
Living Off Rentals YouTube Podcast Channel - youtube.com/c/LivingOffRentalsPodcast
Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals
Living Off Rentals Website – https://www.livingoffrentals.com/
Living Off Rentals Instagram – instagram.com/livingoffrentals
Living Off Rentals TikTok – tiktok.com/@livingoffrentals
Joining us in this episode of Living Off Rentals is someone who manages over 300 million dollars in assets and has 10+ years of experience in real estate.
Andrew McNair is the host of a weekly radio show called "What Your Money Would Say." He is also the host of the podcast, "Rich, Young, and Powerful."
He appeared as a financial commentator in the Wall Street Journal, Forbes, and Fox Business and contributor at Market Watch.
In addition, Andrew is the author of three different books: Don't Be Penny Wise and Dollar Foolish, Tithe: A Living Testimony, and The Giving Crisis.
Andrew is the President and Founder of SWAN (Sleep Well At Night) Capital.
You won't want to miss Andrew as he shares insights about tithing and giving, legacy about wealth, and business as a charity. Listen and enjoy the show!
Key Takeaways:
[00:00] Introducing Andrew McNair and his background
[02:25] Starting with real estate investing as a young teenager
[12:06] Balancing how much to give and balancing that drive
[21:06] What property to purchase and how to fund it?
[35:13] The positive impacts of raising your giving
[41:49] To think that success is a straight arrow is foolishness
Guest Links:
Website: https://swan-capital.com/
Show Links:
Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals
Living Off Rentals YouTube Podcast Channel - youtube.com/c/LivingOffRentalsPodcast
Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals
Living Off Rentals Website – https://www.livingoffrentals.com/
Living Off Rentals Instagram – instagram.com/livingoffrentals
Living Off Rentals TikTok – tiktok.com/@livingoffrentals
Section 8 can be an extremely profitable investing strategy, but there are also quite a few pitfalls investors need to be aware of.
On this episode of Living Off Rentals we feature the founder of a company called Section 8 Done Right.
Mike Curadossi is a real estate investor who is an expert in Section 8 rentals. He has built a portfolio of 72 Section 8 rentals in the past 11 years and generates over $46,000 cash flow monthly.
In this episode, he discusses the profit potential of the Section 8 investing strategy. He also shares ways to mitigate the headaches of Section 8 by doing it right. Enjoy the show!
Key Takeaways:
[00:00] Introducing Mike Curadossi and his background
[02:24] What attracted Mike to invest in Section 8 rentals
[05:43] The process for identifying Section 8 properties
[23:15] Maintaining relationships with inspectors
[28:17] Administration and maintenance of Section 8 properties
[39:25] Financing the properties
[45:41] Connect with Mike Curadossi
Guest Links:
Website: https://section8doneright.com/
Show Links:
Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals
Living Off Rentals YouTube Podcast Channel - youtube.com/c/LivingOffRentalsPodcast
Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals
Living Off Rentals Website – https://www.livingoffrentals.com/
Living Off Rentals Instagram – instagram.com/livingoffrentals
Living Off Rentals TikTok – tiktok.com/@livingoffrentals
Joining us in this episode of Living Off Rentals is a data-driven interior designer who specializes in transforming vacation rentals into profit powerhouses.
Erica Dike is a real estate investor who owns short-term rentals and also manages short-term rentals for others. She combines her background in both business analysis and design to create a proven formula that maximizes ROI through strategic design.
Listen as she shares her expertise in this field and her tips on how to increase bookings during the low season. Enjoy the show!
Key Takeaways:
[00:00] Introducing Erica Dike and her background
[07:36] What is a data-driven design?
[13:19] Designing for value and creating a unique experience
[17:16] Recommended budget for design
[25:38] Recommended time from purchase to set-up
[31:48] Clients Erica worked with
[39:51] Factors that impact booking
[44:14] Design consultation with Erica
[50:40] Connect with Erica Dike
Guest Links:
Website: https://www.ericaooh.com/
Show Links:
Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals
Living Off Rentals YouTube Podcast Channel - youtube.com/c/LivingOffRentalsPodcast
Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals
Living Off Rentals Website – https://www.livingoffrentals.com/
Living Off Rentals Instagram – instagram.com/livingoffrentals
Living Off Rentals TikTok – tiktok.com/@livingoffrentals
Joining us for today's episode of Living Off Rentals is someone who has been in digital marketing for over ten years, but with the heart of a real estate investor.
Alvaro Berrios wanted to work in the real estate space straight out of college, but when he graduated in 2010, the housing market was terrible.
After working in the digital marketing space since college, he decided to take the plunge last year into high cash flowing short-term rentals.
He joined the First Vacation Rental Investment Blueprint program and invested in his first property which was extremely budget friendly AND produces over $2,000/month of net cash flow!
Listen as he explains how he found this deal, as well as his advice for investors who are looking for a super high cash cash-flowing short-term rental. Enjoy the show!
Key Takeaways:
[00:00] Introducing Alvaro Berrios and his background
[04:49] What does the first property deal look like?
[13:47] Alvaro's Vacation Rental Analyzer Spreadsheet
[20:59] The misconception of investing in short-term rentals
[25:08] Financing a Property
[40:51] Alvaro's advice for first-time investors
[43:58] Connect with Alvaro Berrios
Guest Links:
Website: https://alvaroberrios.com/
Alvaro’s Listings:
The Enchanting Duplex: https://www.airbnb.com/rooms/1152876805867150691
The Mediterranean Oasis: https://www.airbnb.com/rooms/1137786685570433653
The Great Lakes Hideaway: https://www.airbnb.com/rooms/1137676781825775364
Show Links:
Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals
Living Off Rentals YouTube Podcast Channel - youtube.com/c/LivingOffRentalsPodcast
Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals
Living Off Rentals Website – https://www.livingoffrentals.com/
Living Off Rentals Instagram – instagram.com/livingoffrentals
Living Off Rentals TikTok – tiktok.com/@livingoffrentals
Joining us in this episode is someone who has been a real estate investor for two decades, and is an expert in dealing with house “squatters,” which is an issue that has become prevalent in recent years.
George McCleary is a Squatter and Title Theft Expert who posted a video called "I Stole a House," which exposes how effortless it can be to have a house “stolen” or taken over by squatters. This video really resonated with the public, and received millions of views on social media.
In this episode of Living Off Rentals, George talks about the squatting epidemic that America faces today, and how you can protect yourself and your property.
Tune in to learn how to deal with squatters. Enjoy the show!
Key Takeaways:
[00:00] Introducing George McLeary and his background
[03:29] The Prevalence of Squatting
[07:55] Methods to drive away squatters
[15:23] If the guest decides to be a squatter
[17:45] Squatter Defender Course
[21:21] First few steps to handle squatters
[27:11] Deed Fraud vs Squatting
[32:00] Title Fraud Prevention
[43:34] Special Promotion for George's Online Course
Special Links:
www.squatterdefender.com - $199 online course
Promo Code: KIRBY
This code will give you a 20% discount on all products. George McLeary is working on an affiliate program. Stay tuned for that!
www.titlefrauddefender.com - title monitoring starting at $2.25/month
- instagram.com/mrd_portland
- facebook.com/MrdPortland
- linkedin.com/in/georgemccleary
- youtube.com/@georgemcclearyMRD
- tiktok.com/@mrd_portland
- x.com/mcclearyRE
Show Links:
Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals
Living Off Rentals YouTube Podcast Channel - youtube.com/c/LivingOffRentalsPodcast
Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals
Living Off Rentals Website – https://www.livingoffrentals.com/
Living Off Rentals Instagram – instagram.com/livingoffrentals
Living Off Rentals TikTok – tiktok.com/@livingoffrentals
In this episode of Living Off Rentals, we interviewed Dustin Heiner. He is a real estate investor, author, and coach who helps people reach financial freedom through creating streams of passive income.
Dustin started investing in 2006, and went from working full time for the government, to replacing his income with turn key rental properties a few years later.
He currently hosts the podcasts “Master Passive Income” and “Successfully Unemployed.”
He now runs one of the top real estate investing conferences in the world, the Real Estate Wealth Builders Conference (REWBCON).
Key Takeaways:
[00:00] Introducing Dustin Heiner and his background
[03:33] The start of his real estate empire
[09:27] How he built his portfolio
[19:56] 355 unit deal
[26:13] Base hits great
[28:05] REWBCON
[32:16] The difference between multifamily and single-family homes
[37:58] Connect with Dustin Heiner
Guest Links:
Website: @thedustinheiner on Instagram
REWBCON: rewbcon.com [Promo Code: KIRBY]
Show Links:
Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals
Living Off Rentals YouTube Podcast Channel - youtube.com/c/LivingOffRentalsPodcast
Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals
Living Off Rentals Website – https://www.livingoffrentals.com/
Living Off Rentals Instagram – instagram.com/livingoffrentals
Living Off Rentals TikTok – tiktok.com/@livingoffrentals
Joining us on this episode of Living Off Rentals is someone who went from being a home inspector to an incredibly successful home investor. He currently owns over 85 doors worth of investment property.
Tommy went from no investing experience to consistently doing 15 to 20 deals a month in a relatively short period of time.
His market is in Columbus, Ohio, and he has been featured in Business Insider twice as a real estate investing expert.
In this episode, he talks about how he transitioned from being a home inspector to becoming a real estate investor, and his advice for people who want to do the same with a minimal amount of savings. Enjoy the show!
Key Takeaways
[01:51] Introducing Tommy Har and his background
[02:32] From home inspector to home investor
[10:09] The growth path in real estate investing
[17:03] Cold calling as the most effective strategy
[20:04] How do you empathize virtually?
[26:57] Types of leads for cold calling
[30:12] Metrics for a good deal
[34:05] Education platform to help aspiring real estate investors
[37:09] Connect with Tommy Har
Guest Links
Website: https://www.instagram.com/tommyharr05/?hl=en
Show Links
Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals
Living Off Rentals YouTube Podcast Channel - youtube.com/c/LivingOffRentalsPodcast
Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals
Living Off Rentals Website – https://www.livingoffrentals.com/
Living Off Rentals Instagram – instagram.com/livingoffrentals
Living Off Rentals TikTok – tiktok.com/@livingoffrentals
Joining us on this episode of Living Off Rentals is someone who went from the military to millionaire through real estate investing.
David Pere is a Marine Corps veteran of 13 years who runs an awesome community called "From Military to Millionaire." He is an entrepreneur who went from a negative net worth in 2015 to a seven-figure net worth when he left active-duty service in 2021.
In this episode, he shares his advice for someone who wants to leave their full-time job and go into real estate full-time. He also talks about the changes in real estate and his career. Listen and enjoy the show!
Key Takeaways
[00:00] Introducing David Pere and his background
[06:49] The biggest perspective shift
[09:20] Advice for people who want to leave their 9-to-5
[15:26] The evolution of investors
[27:34] Hotel investing
[36:23] Average monthly rate of rooms
[38:56] Financing for deals
[42:59] The War Room Mastermind
[47:51] Connect with David Pere
Guest Links
Website: https://thebestpodcastguest.com/
Show Links
Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals
Living Off Rentals YouTube Podcast Channel - youtube.com/c/LivingOffRentalsPodcast
Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals
Living Off Rentals Website – https://www.livingoffrentals.com/
Living Off Rentals Instagram – instagram.com/livingoffrentals
Living Off Rentals TikTok – tiktok.com/@livingoffrentals
Joining us on this episode of Living Off Rentals is someone who has been a real estate investor for two decades.
Mark Ainley is the founder of GC Realty & Development, one of the most successful property management companies in Chicago. He is also the host of the Straight Up Chicago Investor podcast.
Listen as he discusses how he built his company, focusing on property management–one of the most difficult parts of the real estate investing process. Enjoy the show!
Key Takeaways
[00:00] Introducing Mark Ainley and his background
[03:10] Starting GC Realty and Development
[12:40] Biggest turning point that shaped the business
[19:30] The past and future of real estate investing in Chicago
[23:24] Mark's advice for starting a property management company
[36:25] Investing in industrial properties
[40:07] Mark’s real estate investing goals
[44:53] Connect with Mark
Guest Links
Website – gcrealtyinc.com
Show Links
Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals
Living Off Rentals YouTube Podcast Channel – youtube.com/c/LivingOffRentalsPodcast
Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals
Living Off Rentals Website – livingoffrentals.com
Living Off Rentals Instagram – instagram.com/livingoffrentals
Living Off Rentals TikTok – tiktok.com/@livingoffrentals
On this episode of Living Off Rentals, we talked with Jay Johnson and his son Kent Johnson, a professional ice hockey forward currently playing for the Columbus Blue Jackets of the National Hockey League (NHL).
Kent shared what was required to achieve his dream of playing in the NHL and representing Team Canada in the Beijing Olympics two years ago.
Jay discussed how, as a parent, you can help your children achieve their full potential. He also shares what his real estate investing journey looked like while raising Kent and his brother Kyle.
Listen as they share the mindset required to grow to the next level, and how you can also adopt a similar thought process. Enjoy the show!
Key Takeaways
[00:00] Introducing Jay and Kent Johnson and their background
[04:05] The turning point
[11:55] Getting better results in things you love
[14:55] Dealing with setbacks
[23:17] Jay's advice for parents to effectively guide their children
[30:22] Kent's experience competing in the Beijing Olympics
[35:56] The process of setting goals
Show Links
Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals
Living Off Rentals YouTube Podcast Channel – youtube.com/c/LivingOffRentalsPodcast
Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals
Living Off Rentals Website – livingoffrentals.com
Living Off Rentals Instagram – instagram.com/livingoffrentals
Living Off Rentals TikTok – tiktok.com/@livingoffrentals
Joining us on this episode of Living Off Rentals is Mark Ritter. Mark is the CEO of Member Business Financial Services (MBFS), an entity owned by 13 different credit unions with the mission to help credit unions fund more loans for real estate investors and small business owners. Mark is also the host of the Credit Union Conversations podcast.
In this episode, he talked about credit unions, a type of financing that is underutilized because people just don't understand the details. Learn more about credit unions and other types of financing that are perfect for any deal or investor situation. Enjoy the show!
Key Takeaways
[00:00] Introducing Mark Ritter and his background
[02:43] The difference between a credit union and a bank
[08:35] How can people work with a credit union?
[10:58] Type of loans offered to real estate investors
[16:01] "Credit analysts are very smart"
[19:48] Small business loans
[29:49] Connect with Mark Ritter and MBFS
Guest Links
Website – mbfs.org
Show Links
Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals
Living Off Rentals YouTube Podcast Channel – youtube.com/c/LivingOffRentalsPodcast
Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals
Living Off Rentals Website – livingoffrentals.com
Living Off Rentals Instagram – instagram.com/livingoffrentals
Living Off Rentals TikTok – tiktok.com/@livingoffrentals
Living Off Rentals 238 – Ryan O'Connell – Supercharge Your Cash Flow with an ADU
Joining us today on this episode of Living Off Rentals is someone who is passionate about the Accessory Dwelling Unit or ADU.
Ryan O'Connell is a real estate investor who shows how using ADU's can increase cash flow in short and long-term rental investments.
Listen as he shares insights about this topic, particularly the versatility of ADU compared to home additions or the purchase of a second property. Enjoy the show!
Key Takeaways
[00:00] Introducing Ryan O'Connell and his background
[05:30] What is ADU?
[14:51] The general cost for ADU
[23:26] List of states that allow ADU (https://community.how-to-adu.com/adu-rules-by-state)
[27:31] Ryan's take on prefabricated homes
[34:31] Multi-unit ADU structures
[43:29] Connect with Ryan
Guest Links
Website – youtube.com/c/howtoadu
Show Links
Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals
Living Off Rentals YouTube Podcast Channel – youtube.com/c/LivingOffRentalsPodcast
Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals
Living Off Rentals Website – livingoffrentals.com
Living Off Rentals Instagram – instagram.com/livingoffrentals
Living Off Rentals TikTok – tiktok.com/@livingoffrentals
Joining us on this episode of Living Off Rentals is Mark Willis, a certified financial planner, three-time number-one best-selling author, and owner of Lake Growth Financial Services. He is a financial planner who is open to different types of strategies in real estate investing.
In this episode, he shares some of the major pitfalls of most people's financial plans and how he specializes in working with real estate investors and business owners.
We know you’ll enjoy learning from Mark–who is also a second-time guest on the show!
Key Takeaways
[00:00] Introducing Mark Willis and his background
[05:27] Meaningful money conversations
[10:31] No guarantees, no predictability
[14:54] We have no idea how long we are going to live
[16:30] The tax time bomb
[19:07] "You are your money guru."
[22:31] Asset classes with the most growth and success
[26:27] Contractual wealth vs. paper wealth
[34:25] Self-directed life
[38:13] Connect with Mark Willis
Guest Links
Website – kickstartwithmark.com
Show Links
Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals
Living Off Rentals YouTube Podcast Channel – youtube.com/c/LivingOffRentalsPodcast
Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals
Living Off Rentals Website – livingoffrentals.com
Living Off Rentals Instagram – instagram.com/livingoffrentals
Living Off Rentals TikTok – tiktok.com/@livingoffrentals
Joining us on this episode of Living Off Rentals is someone who specializes as a passive investor backing other people's commercial deals. He started with a single-family home and switched to investing as a full-time limited partner.
Travis Watts has been a proven leader in the real estate industry since 2009 in multifamily, single-family, and vacation rentals.
Listen and find out if Travis' strategy as a passive investor is still a viable strategy for people today and whether things have changed or not over the last few years. Enjoy the show!
Key Takeaways
[00:00] Introducing Travis Watts and his background
[04:35] Financial independence
[06:36] What does it mean to be a limited partner?
[17:40] Protecting existing deals
[26:33] Two trademark brands under Ashcroft Capital, LLC
[32:38] Good lessons to learn in real estate investing
[38:00] Diversification
[40:29] Connect with Travis Watts
Guest Links
Website – info.ashcroftcapital.com/traviswatts
Show Links
Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals
Living Off Rentals YouTube Podcast Channel – youtube.com/c/LivingOffRentalsPodcast
Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals
Living Off Rentals Website – livingoffrentals.com
Living Off Rentals Instagram – instagram.com/livingoffrentals
Living Off Rentals TikTok – tiktok.com/@livingoffrentals
Joining us in this episode of Living Off Rentals is someone who has built an impressive portfolio over the last 15 years. He achieved financial freedom through a mix of rental properties and note investments.
Nick Disney is a real estate investor who owns 52 doors and notes that created a dependable stream of cash flow. He has grown an impressive portfolio valued at over $3 million and now helps people in their real estate investing journey.
In this episode, Nick discusses how rental properties and note investing could help generate regular cash flow. Enjoy the show!
Key Takeaways:
[00:00] Introducing Nick Disney and his background
[04:23] The evolution of his marketing strategy
[09:23] BRRRR Model
[13:48] What do numbers look like on a typical deal?
[21:08] Best strategy for finding off-market deals
[26:53] Note Investing
[32:41] Lessons learned
[34:41] Connect with Nick Disney
Guest Links:
Email: nick@mysantoniohouse.com
Socials: @realestate_nick11
Show Links:
Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals
Living Off Rentals YouTube Podcast Channel - youtube.com/c/LivingOffRentalsPodcast
Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals
Living Off Rentals Website – https://www.livingoffrentals.com/
Living Off Rentals Instagram – instagram.com/livingoffrentals
Living Off Rentals TikTok – tiktok.com/@livingoffrentals
Joining us for this episode of Living Off Rentals is Steven Andrews, author of the book “The New American Dream: A Simple Roadmap to Purchasing Investment Properties.”
Coming out of college, Steven was $75,000 in debt and making $45,000 a year. With little to no money, he used his credit cards to fund his first rental property deal.
Listen to how he went from buying properties as a supplement to his income to purchasing real estate full-time. Today, he owns and manages hundreds of properties through his virtual property management company, Realty Management Group. Enjoy the show!
Key Takeaways
[00:00] Introducing Steven Andrews and his background
[04:54] Using a credit card to fund his first real estate deal
[11:30] Real estate mentorship
[15:53] How do you spot a good deal?
[23:21] Doing property management virtually
[32:26] Hiring virtual assistants
[35:52] Partnerships in real estate
[49:39] Connect with Steven Andrews
Guest Links
Website – soarxconsulting.com
Show Links
Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals
Living Off Rentals YouTube Podcast Channel – youtube.com/c/LivingOffRentalsPodcast
Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals
Living Off Rentals Website – livingoffrentals.com
Living Off Rentals Instagram – instagram.com/livingoffrentals
Living Off Rentals TikTok – tiktok.com/@livingoffrentals
Joining us on this episode of Living Off Rentals is an expert in multifamily properties. He has partnered with other investors to purchase over $100 million dollars’ worth of these properties.
John Casmon hosts a very popular podcast, Multifamily Insights. He came from a corporate job that he enjoyed, but with concerns about having no control of his employment, promotion, and salary, he transitioned to real estate investing.
Listen as he shares his journey about how he got started in real estate!
Key Takeaways
[00:00] Introducing John Casmon and his background
[05:09] House hacking
[08:17] Deals that John targets
[11:33] Getting comfortable borrowing a significant amount of money
[20:47] The idea of brand building
[27:57] Determining the best area to invest
[31:45] Real estate investor vs. real estate speculator
[37:53] Connect with John Casmon
Guest Links
Website – casmoncapital.com
Show Links
Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals
Living Off Rentals YouTube Podcast Channel – youtube.com/c/LivingOffRentalsPodcast
Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals
Living Off Rentals Website – livingoffrentals.com
Living Off Rentals Instagram – instagram.com/livingoffrentals
Living Off Rentals TikTok – tiktok.com/@livingoffrentals
Joining us on this episode of Living Off Rentals is someone who has been a real estate investor since the early ‘90s. He has a unique way of investing in industrial real estate.
Joel Friedland is an accomplished real estate professional with a 40+-year track record in industrial real estate. He has secured over 2,000 industrial property leases and sales, and he provides clients with comprehensive solutions for acquiring, selling, leasing, and investing.
Learn about his unique way of buying industrial real estate–without using the bank. Find out how!
Key Takeaways
[00:00] Introducing Joel Friedland and his background
[07:22] The big shifts in real estate investing
[10:45] The all-cash strategy
[15:09] His private money partners
[23:35] Joel's real estate investing team
[30:45] Where are we right now in commercial real estate investing?
[37:48] Advice for people who are starting with private money lenders
[39:22] W.A.I.T.
[40:48] Connect with Joel Friedland
Guest Links
Website – britproperties.com
Show Links
Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals
Living Off Rentals YouTube Podcast Channel – youtube.com/c/LivingOffRentalsPodcast
Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals
Living Off Rentals Website – livingoffrentals.com
Living Off Rentals Instagram – instagram.com/livingoffrentals
Living Off Rentals TikTok – tiktok.com/@livingoffrentals
Joining us on this episode of Living Off Rentals is someone who replaced his six-figure corporate salary with just two coliving rental properties.
Listen as we interview Jesse Ray, a real estate investor and digital nomad who is helping business professionals to achieve financial freedom.
In this episode, he shares his journey to becoming the owner of coliving rental properties and offers an easy strategy for beginners to get into this business. He documented the process of scaling from $0 to $10 million in his business. Join in on the conversation!
Key Takeaways
[00:00] Introducing Jesse Ray and his background
[05:38] Starting in real estate in your 20s/early 30s
[11:17] Financing his first deal
[17:30] Defining coliving
[19:08] How to manage coliving rental properties
[29:48] Jesse’s day-to-day operations as a digital nomad
[34:03] First steps for people who want to achieve financial freedom
[36:31] Transition from corporate career to real estate investing
[39:46] Connect with Jesse Ray
Guest Links
Website – linkedin.com/in/jesserayc
Show Links
Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals
Living Off Rentals YouTube Podcast Channel – youtube.com/c/LivingOffRentalsPodcast
Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals
Living Off Rentals Website – livingoffrentals.com
Living Off Rentals Instagram – instagram.com/livingoffrentals
Living Off Rentals TikTok – tiktok.com/@livingoffrentals
In this episode of Living Off Rentals, our guest is someone who went from being homeless to owning over 100 doors of real estate and doing over $10 million in real estate deals. He achieved his dream of a successful career through self-motivation and determination.
Ray Glymph is a business and life coach who has helped encourage new and veteran entrepreneurs to improve their businesses. Ray is a candidate for 40 Under 40 and the host of Motivational Monday at FOX 10.
Listen as he shares his wonderful journey in real estate and how he received the New Business of the Year Award. Enjoy the show!
Key Takeaways
[00:00] Introducing Ray Glymph and his background
[01:45] What was life like being homeless?
[05:49] Real estate on the road to freedom
[14:02] What does it take to be successful?
[18:38] His inspiration for being a life coach
[20:42] Finding the right commercial tenant
[25:01] What's your "why"?
[31:24] Connect with Ray Glymph
Guest Links
Website – rglymph.com
Show Links
Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals
Living Off Rentals YouTube Podcast Channel – youtube.com/c/LivingOffRentalsPodcast
Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals
Living Off Rentals Website – livingoffrentals.com
Living Off Rentals Instagram – instagram.com/livingoffrentals
Living Off Rentals TikTok – tiktok.com/@livingoffrentals
Joining us today on Living Off Rentals is someone who found his niche by creating a tech platform for managing short-term rental and vacation rental cleaners. He now has a product that most short-term rental owners use in their business.
Assaf Karmon is a tech entrepreneur, CEO, and cofounder of Turno, a service that connects short-term and vacation rental hosts with cleaners to provide seamless turnover service. He is a top-level software engineer and an experienced short-term rental host himself.
Listen as Kirby and Assaf talk about this tech tool that solves one of the hardest parts of short-term rentals: ensuring that properties are clean between guests. Enjoy the show!
Key Takeaways
[00:00] Introducing Assaf Karmon and his background
[05:30] What is Turno?
[08:57] The unpredictable nature of managing thousands of cleaners
[15:54] The process of incorporating the payment platform
[18:39] Retention and compliance tool
[22:49] The quality center
[27:55] The advantages of using Turno
Guest Links
Website – turno.com
Show Links
Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals
Living Off Rentals YouTube Podcast Channel – youtube.com/c/LivingOffRentalsPodcast
Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals
Living Off Rentals Website – livingoffrentals.com
Living Off Rentals Instagram – instagram.com/livingoffrentals
Living Off Rentals TikTok – tiktok.com/@livingoffrentals
Joining us today on this episode of Living Off Rentals is someone who thinks deeply about finding financial freedom and living a lifestyle by design. At a young age, he realized he didn't want to be in a corporate 9-5 lifestyle until he was 60, so he decided to invest in real estate.
Brian Leubben is a successful entrepreneur, podcaster, and real estate investor. He now runs a thriving podcast, "The Action Academy Podcast," and is the author of a new book, "From Passive to Passion."
In this episode, Brian shares some good advice about how he left his six-figure job a few years ago and is now financially free. Want to know what financial freedom means for him? Listen and enjoy the show!
Key Takeaways
[00:00] Introducing Brian Leubben and his background
[02:26] The turning point from living 9 to 5 to becoming an entrepreneur
[07:22] The corporate escape plan
[15:30] Survive, arrive, and drive
[21:56] The make-and-break for entrepreneurs
[29:04] Achieving impossible goals
[35:55] Begin with the organizational chart
[39:59] Connect with Brian Leubben
Guest Links
Websites – actionacademypod.com and brianluebben.com/w2toworldtravel
Show Links
Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals
Living Off Rentals YouTube Podcast Channel – youtube.com/c/LivingOffRentalsPodcast
Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals
Living Off Rentals Website – livingoffrentals.com
Living Off Rentals Instagram – instagram.com/livingoffrentals
Living Off Rentals TikTok – tiktok.com/@livingoffrentals
Joining us on this episode of Living Off Rentals is someone who runs a short-term rental business in Japan.
Tracey Northcott got into the Japanese Airbnb business by accident. She came to Japan to work with her brother as a software engineer, and she now owns more than 23 properties all over Tokyo.
Listen as she shares her story of how she got into real estate and how she manages short-term rentals outside the U.S. Enjoy the show!
Key Takeaways
[00:00] Introducing Tracey Northcott and her background
[09:00] Regulations of Airbnb in Japan
[13:09] Requirements for getting the hotel license
[19:40] How do you decide if a property is worth it?
[29:11] Mine your brand
[34:03] Main sources of direct bookings
[36:30] “7 Hosting Mistakes You're Making Right Now”
[41:40] Connect with Tracey
Guest Links
Website – tracey-northcott.com
Show Links
Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals
Living Off Rentals YouTube Podcast Channel – youtube.com/c/LivingOffRentalsPodcast
Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals
Living Off Rentals Website – livingoffrentals.com
Living Off Rentals Instagram – instagram.com/livingoffrentals
Living Off Rentals TikTok – tiktok.com/@livingoffrentals
Joining us on this episode of Living Off Rentals is a short-term rental owner and the founder of Direct Booking Success.
Jenn Boyles helps short-term and vacation rental property managers, owners, and hosts to build and grow their rental businesses. She created a program to help investors with their marketing action plans.
In this episode, Jenn will share information on how to limit the risk and cost of Airbnb and how business owners can move to 100% direct bookings.
Listen and enjoy the show!
Key Takeaways
[00:00] Introducing Jenn Boyles and her background
[07:30] 100% direct bookings
[10:04] Advantages of direct bookings
[15:47] On screening quality guests
[22:05] Booking terms and conditions
[24:23] Start getting your guests' details [
31:05] The Direct Booking Success Summit
[32:48] Connect with Jenn Boyles
Guest Links
Website – directbookingsuccess.com
Show Links
Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals
Living Off Rentals YouTube Podcast Channel – youtube.com/c/LivingOffRentalsPodcast
Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals
Living Off Rentals Website – livingoffrentals.com
Living Off Rentals Instagram – instagram.com/livingoffrentals
Living Off Rentals TikTok – tiktok.com/@livingoffrentals
In this episode of Living Off Rentals, we interviewed someone who has always been fascinated with building wealth. He took a job in sales because he thought that salespeople could control their income.
Chad King started by flipping and wholesaling properties. He has completed over 400 flips and started using his active income to buy real estate, and he now owns 21 commercial properties.
Listen to Chad's real estate investing journey and his impressive amount of experience in real estate. Enjoy the show!
Key Takeaways
[00:00] Introducing Chad King and his background
[05:34] Transition from flipping to rentals
[09:16] Chad's day-to-day running of a multifamily business
[13:40] Biggest lesson in scaling up business
[21:30] Stress testing
[30:18] The market rewards action
[33:34] Chad's goal in his real estate business
[39:29] His advice for those starting their real estate journey
[43:10] Connect with Chad King
Guest Links
Website – instagram.com/mrchadking
Show Links
Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals
Living Off Rentals YouTube Podcast Channel – youtube.com/c/LivingOffRentalsPodcast
Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals
Living Off Rentals Website – livingoffrentals.com
Living Off Rentals Instagram – instagram.com/livingoffrentals
Living Off Rentals TikTok – tiktok.com/@livingoffrentals
Joining us on this episode of Living Off Rentals is a military veteran working in the corporate world since leaving the Army.
Paul Proios is a member of the First Vacation Rental Investment Blueprint program. He recently decided to replace his corporate income with real estate cash flow.
Listen as he shares how in just over a year he is making $6k per month in cash flow from his first three short-term rentals. Enjoy the show!
Key Takeaways
[00:00] Introducing Paul Proios and his background
[10:29] Switch from long-term rentals to short-term rentals
[24:07] Paul's cash flow in his three properties
[31:55] The stigma against long-term rentals
[35:51] Before stepping away from his corporate job
[41:12] Lesson learned in his real estate investing journey
[44:45] Main strategy for finding deals
[48:19] Connect with Paul Proios
Guest Links
Website – airbnb.com/users/show/440221007
Show Links
Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals
Living Off Rentals YouTube Podcast Channel – youtube.com/c/LivingOffRentalsPodcast
Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals
Living Off Rentals Website – livingoffrentals.com
Living Off Rentals Instagram – instagram.com/livingoffrentals
Living Off Rentals TikTok – tiktok.com/@livingoffrentals
Joining us today on this episode of Living Off Rentals is someone who turned from being a computer engineer to becoming an expert in investing in notes and leveraging retirement accounts.
Fred Moskowitz is an alternative investment expert, speaker, author, and trainer. He wrote a book entitled The Little Green Book of Note Investing.
In this episode, he talks about investing in notes, leveraging retirement accounts, and building wealth and alternative assets. Enjoy the show!
Key Takeaways
[00:00] Introducing Fred Moskowitz and his background
[04:01] What are alternative investments?
[06:38] How does note investing work?
[12:30] Residential mortgage notes
[14:52] Evaluating a good note to invest in
[21:14] How many notes do people need to invest in?
[33:10] Relationships with other investors
[35:07] On finding new notes to buy
[36:32] Connect with Fred Moskowitz
Guest Links
Website – fredmoskowitz.com
Show Links
Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals
Living Off Rentals YouTube Podcast Channel – youtube.com/c/LivingOffRentalsPodcast
Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals
Living Off Rentals Website – livingoffrentals.com
Living Off Rentals Instagram – instagram.com/livingoffrentals
Living Off Rentals TikTok – tiktok.com/@livingoffrentals
Joining us today on Living Off Rentals are Zackry Cooper and John Cascarano. Zackry is an entrepreneur with 20 years of experience in residential mortgage financing and real estate. John is an experienced attorney, brand founder, and entrepreneur who has founded multiple companies.
In this episode, Zackry and John talk about owning RV parks as a strategy. We discuss the pros and cons and get their recommendations about this investment strategy. This is a perfect option for listeners who want to get into large deals but don't want to deal with tenants.
Enjoy the show!
Key Takeaways
[00:00] Introducing Zackry and John and their background
[09:27] Making deals in RV parks
[21:53] Offers for their investing partners
[26:51] Why RV parks rather than commercial buildings?
[32:57] Risks of RV parks in market shifts
[36:07] On locating deals
[39:46] Zack and John's advice on buying their first RV park
[42:10] Connect with Zack and John
Guest Links
Website – bluemetricgroup.com
Show Links
Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals
Living Off Rentals YouTube Podcast Channel – youtube.com/c/LivingOffRentalsPodcast
Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals
Living Off Rentals Website – livingoffrentals.com
Living Off Rentals Instagram – instagram.com/livingoffrentals
Living Off Rentals TikTok – tiktok.com/@livingoffrentals
In this episode of Living Off Rentals, we are joined by Tess Bessent. Before going all in on real estate investing, she was in the liquor business, based in Las Vegas.
Tess Bessent is a busy professional seeking passive income through real estate. She is ready to share her inspiring story along with the lessons she’s learned throughout her journey. Listen as she shares her work experience, education, and challenges in real estate investing.
Enjoy the show!
Key Takeaways
[00:00] Introducing Tess Bessent and her background [07:14] Her first deal after going full-time in real estate [11:24] Deals that don't make sense [17:03] Direct seller marketing [22:17] Shift from investing in long-term rentals to flipping real estate [29:37] Chicago as the target market [33:50] Building generational wealth for the family [45:53] Gaining knowledge in real estate investing [51:59] Goal for the future [53:35] Connect with Tess Bessent [54:40] Outro
Guest Links
Website – bcbcollective.net
Airbnb listing - https://www.airbnb.com/rooms/1108751604048785753
Show Links
Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals
Living Off Rentals YouTube Podcast Channel – youtube.com/c/LivingOffRentalsPodcast
Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals
Living Off Rentals Website – livingoffrentals.com
Living Off Rentals Instagram – instagram.com/livingoffrentals
Living Off Rentals TikTok – tiktok.com/@livingoffrentals
Joining us on this episode of Living Off Rentals is someone passionate about real estate, an educator, and an entrepreneur. He started as a savvy investor, specializing in multifamily properties and house-hacking.
Steve Yoak is on a mission to help people succeed in real estate investing through his skills in strategic investments and mastering the art of property transformations.
Listen as he shares his journey in the turnkey rental business and the challenges he’s faced along the way. Enjoy the show!
Key Takeaways
[00:00] Introducing Steve Yoak and his background [09:38] What is a turnkey rental? [14:16] How do operators get paid in the turnkey rental business? [17:33] The most challenging aspect of managing turnkey rentals [26:20] Property management systems [36:27] Steve's goal for his business [41:25] The do’s and don’ts for buying a property [44:45] Connect with Steve Yoak
Guest Links
Website – akronturnkey.com
Show Links
Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals
Living Off Rentals YouTube Podcast Channel – youtube.com/c/LivingOffRentalsPodcast
Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals
Living Off Rentals Website – livingoffrentals.com
Living Off Rentals Instagram – instagram.com/livingoffrentals
Living Off Rentals TikTok – tiktok.com/@livingoffrentals
Joining us on today's Living Off Rentals episode is someone who has been in the real estate world since 2003. He is a successful real estate investor involved in thousands of transactions, from rentals to flips to lending.
Derek Dombeck is also a speaker and a best-selling author who is passionate about teaching and mentoring people to help them improve their financial situations through real estate investing. He has a podcast called Generations of Wealth Podcast, where he seeks to help listners "Nurture prosperity over time."
Listen and enjoy the show!
Key Takeaways:
[00:00] Introducing Derek Dombeck and his background
[05:17] How Derek started his real estate investing journey
[11:28] How does a typical deal look like?
[14:33] Most people pay too much for their deals
[17:33] A good candidate for a loan
[20:40] The market shifts
[25:00] Facilitating deals than just buying/owning real estate
[34:40] The attitude of not quitting
[37:51] The mindset shift
[39:46] Connect with Derek Dombeck
Guest Links:
Website: https://thegenerationsofwealth.com/
Show Links:
Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals
Living Off Rentals YouTube Podcast Channel - youtube.com/c/LivingOffRentalsPodcast
Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals
Living Off Rentals Website – https://www.livingoffrentals.com/
Living Off Rentals Instagram – instagram.com/livingoffrentals
Living Off Rentals TikTok – tiktok.com/@livingoffrentals
Joining us on this episode of Living Off Rentals is someone who turns land into a passive income business. He invests in many types of real estate, but his favorite strategy is buying and selling vacant land.
Brent Bowers is an Army officer with over eight years of service. While in the Army, he discovered the potential of land investment and later became a full-time real estate investor.
Listen as he shares how to become financially free without tenants, termites or toilets. Enjoy the show!
Key Takeaways
[00:00] Introducing Brent Bowers and his background
[04:00] Buying vacant raw land
[05:28] Passive income in buying and selling land
[11:33] How do you find the land?
[14:20] Process to know if the land is a good deal
[23:33] Brent's tips and advice for people buying and selling land
[31:21] Skills from the Army that helped Brent in real estate investing
[34:19] Beware of lifestyle creep
[35:54] The Land Sharks community
[37:10] Connect with Brent Bowers
Guest Links
Website – thelandsharks.com
Show Links
Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals
Living Off Rentals YouTube Podcast Channel – youtube.com/c/LivingOffRentalsPodcast
Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals
Living Off Rentals Website – https://www.livingoffrentals.com/
Living Off Rentals Instagram – instagram.com/livingoffrentals
Living Off Rentals TikTok – tiktok.com/@livingoffrentals
Joining us today on Living Off Rentals is someone who started his career as a special education teacher in the public school system. Now, he focuses on a different sector: industrial properties.
Jonathan Hayek didn't come from an entrepreneurial family. His dad was a teacher, and his mom worked at an office. His desire for financial, time, and geographical freedom led him to live off rentals.
Listen as he shares some great advice and stories about his journey from being a school teacher to an entrepreneur. Enjoy the show!
Key Takeaways
[00:00] Introducing Jonathan Hayek and his background
[04:50] His first deal and financing of his first residential property
[12:45] Transition point from investing in residential to commercial
[17:15] His office property as a hub for small business owners
[23:44] Managing an office building
[30:27] What makes a good industrial flex-space deal?
[38:55] Single-tenant property
[44:56] Jonathan's real estate goal
[47:27] The value-add philosophy
[50:21] Connect with Jonathan Hayek
Guest Links
Website – thesourcecre.com
Show Links
Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals
Living Off Rentals YouTube Podcast Channel – youtube.com/c/LivingOffRentalsPodcast
Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals
Living Off Rentals Website – livingoffrentals.com
Living Off Rentals Instagram – instagram.com/livingoffrentals
Living Off Rentals TikTok – tiktok.com/@livingoffrentals
Joining us today on Living Off Rentals is someone who is a certified bilingual meteorologist and a seasoned television personality.
Ericka Pino is a former newscaster who worked for major news outlets. Now, she is financially free through real estate. A mom of two kids, Ericka worked with her husband to grow their real estate portfolio.
Listen as she shares her journey of transitioning from her full-time work as a newscaster to becoming a full-time real estate investor. Enjoy the show!
Key Takeaways
[00:00] Introducing Ericka Pino and her background
[04:08] Eliminating the biggest expense in your entire budget
[15:02] From wholesale to rental properties
[17:35] Managing Airbnb
[20:41] Changes in Airbnb then and now
[27:42] Ericka's daily routine as a real estate investor
[35:00] Advice for people aiming for financial freedom
Show Links
Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals
Living Off Rentals YouTube Podcast Channel - youtube.com/c/LivingOffRentalsPodcast
Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals
Living Off Rentals Website – livingoffrentals.com
Living Off Rentals Instagram – instagram.com/livingoffrentals
Living Off Rentals TikTok – tiktok.com/@livingoffrentals
Joining us today on Living Off Rentals is someone involved in short- and long-term rentals who built a strong cash-flowing portfolio that has allowed him to leave his W-2 job and live off rentals.
Cale Delaney is known as the “Fit Investor.” He is a published author and the host of the Fit Investor podcast, which helps people who want to be fit financially, physically, and spiritually.
Listen and learn tons of lessons from his experience! Enjoy the show!
Key Takeaways
[00:00] Introducing Cale Delaney and his background
[05:13] Starting real estate and what it looks like
[09:49] Process for financing his nine properties
[15:06]Value of the experience over the property itself
[19:01] Advice for people who want to invest remotely
[29:04] Financial literacy course for high school students
[30:46] God's view on money
[37:47] Tips to be in good shape
[42:46] The guaranteed formula for success
[48:35] Connect with Cale
Guest Links
Facebook – facebook.com/cale.delaney
Show Links
Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals
Living Off Rentals YouTube Podcast Channel - youtube.com/c/LivingOffRentalsPodcast
Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals
Living Off Rentals Website – livingoffrentals.com
Living Off Rentals Instagram – instagram.com/livingoffrentals
Living Off Rentals TikTok – tiktok.com/@livingoffrentals
In this episode of Living Off Rentals, our guest is someone who left his full-time job to live off rentals, a goal for many of us.
Matt Floyd is a real estate investor who uses rental properties as his tool for financial freedom. Fresh from his transition from working a full-time day job to becoming a full-fledged entrepreneur, he shares great insight on how he got started doing real estate. He will also share the power of picking the right types of deals.
Take a listen and enjoy the show!
Key Takeaways
[00:00] Introducing Matt Floyd and his background
[06:37] The mindset shift to financial freedom
[14:12] Transition to short-term rentals
[22:21] Different metrics to look for when deciding on a deal
[34:07] Lessons Matt learned in managing properties
[37:54] Getting VAs
[45:29] How much did Matt pay for VAs?
[47:21] Automation and property management back-end software
[52:31] His realizations after leaving his W-2 job
[57:43] Embrace the uncertainty of being a full-time entrepreneur
[59:46] Connect with Matt Floyd
Guest Links
Website – stayclassyhomes.com
Email – matt@stayclassyhomes.com
Show Links
Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals
Living Off Rentals YouTube Podcast Channel - youtube.com/c/LivingOffRentalsPodcast
Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals
Living Off Rentals Website – livingoffrentals.com
Living Off Rentals Instagram – instagram.com/livingoffrentals
Living Off Rentals TikTok – tiktok.com/@livingoffrentals
Our guest for today on Living Off Rentals has over six years of experience as a founder and entrepreneur, having launched and scaled successful startups in the real estate sector.
Greg Namrow is a former Marine Corps infantry officer who transitioned to being a real estate investor in 2017. He helps people make clear decisions based on data rather than on feelings.
Listen today and see the dramatic results when you take this approach to data-driven decision-making. Enjoy the show!
Key Takeaways
[00:00] Introducing Greg Namrow and his background
[05:15] The power of time in real estate
[15:22] About TRACTIC
[19:18] How TRACTIC works
[25:47] One-stop shop for all things real estate
[35:49] Greg's plans for TRACTIC
Guest Links
Website – tractic.io
Show Links
Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals
Living Off Rentals YouTube Podcast Channel - youtube.com/c/LivingOffRentalsPodcast
Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals
Living Off Rentals Website – livingoffrentals.com
Living Off Rentals Instagram – instagram.com/livingoffrentals
Living Off Rentals TikTok – tiktok.com/@livingoffrentals
Joining us today on Living Off Rentals is someone who has been a pioneer in the short-term rental industry. He has a huge following of 265,000 subscribers on his platform, Airbnb Automated.
Sean Rakidzich is a real estate investor who currently holds 155 properties in his Airbnb portfolio. He will share some excellent information about pricing strategy and more!
Listen and enjoy the show!
Key Takeaways:
[00:00] Introducing Sean Rakidzich and his background
[08:01] Most misunderstood aspects of Airbnb
[17:21] What type of properties do well in certain areas?
[24:53] Properties that are worth-taking
[27:55] Pricing strategies
[31:50] Rakidzich's book about revenue management
[42:24] Short-term rentals in the long run
[47:29] Connect with Sean Rakidzich
Guest Links:
Website: https://www.rakidzich.com/
Show Links:
Living Off Rentals YouTube Channel -https://www.youtube.com/c/LivingOffRentalsPodcast
Living Off Rentals Facebook Group -www.facebook.com/groups/livingoffrentals
Living Off Rentals Website -www.livingoffrentals.com
Living Off Rentals Instagram -www.instagram.com/livingoffrentals
Living Off Rentals TikTok - www.tiktok.com/@livingoffrentals
People often ask, "Is it that easy to borrow money from someone?"
Joining us today on Living Off Rentals is someone who is an expert in using private money to fund his rentals. He has been buying and selling houses in a town of just 40,000 people since 2003.
Jay Conner is a nationally renowned real estate investor who has done over 475 houses with an average profit of $71,000 per deal.
Listen as he shares his favorite topic: private money. A lot of people think that borrowing hundreds of thousands of dollars can feel intimidating and overwhelming, but Jay’s got you covered! Enjoy the show!
Key Takeaways
[00:00] Introducing Jay Conner and his background
[07:56] Jay's private lending program
[13:36] The education process in a private lending program
[19:27] Private lenders that never heard about private money
[27:35] Providing security for private lenders
[33:22] Staying up on the metrics
[36:58] Connect with Jay Conner
Guest Links
Website – jayconner.com
Show Links
Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals
Living Off Rentals YouTube Podcast Channel - youtube.com/c/LivingOffRentalsPodcast
Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals
Living Off Rentals Website – livingoffrentals.com
Living Off Rentals Instagram – instagram.com/livingoffrentals
Living Off Rentals TikTok – tiktok.com/@livingoffrentals
Joining us today on Living Off Rentals is someone who has served as a pilot in one of the elite aviation units in the world, the 160th Special Operations Unit. Additionally, he is the head of the planning commission and president of his local chamber of commerce, not to mention he is running for the Arkansas House of Representatives.
Jason Nazarenko is a real estate investor who has built an awesome boutique short-term rental BNB business. He has a wealth of knowledge about managing short-term rentals and building a niche short-term rental business.
Listen and enjoy the show!
Key Takeaways
[00:00] Introducing Jason Nazarenko and his background
[10:01] Differences between 2021 and 2024
[19:15] Jason's vision and goal in his business
[26:07] Things that go as planned . . . and don’t go as planned
[33:00] Using automated systems in the property
[44:24] Baby steps in business
[45:47] Running for office
[55:30] Jason's advice to his younger self
[56:30] Connect with Jason
Guest Links
Websites – jasonnazarenko.com, potterblock.com
Show Links
Living Off Rentals YouTube Channel – https://www.youtube.com/@LivingOffRentalsPodcast
Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals
Living Off Rentals Website – livingoffrentals.com
Living Off Rentals Instagram – instagram.com/livingoffrentals
Living Off Rentals TikTok – tiktok.com/@livingoffrentals
Joining us in this episode of Living Off Rentals is someone who has an impressive short-term rental business that started from scratch. He owns COZI, a vacation rental management company.
Matt Durrette has been able to grow his portfolio in the short-term rental business since he started in 2014. He shares strategies that worked best for him as well as the challenges he encountered along the way.
Listen and discover the many different ways to experience success with real estate. Enjoy the show!
Key Takeaways
[00:00] Introducing Matt Durrette and his background
[05:26] Don't just take the plunge without having a proven business model
[16:07] Looking at the data, understanding the trends
[23:21] Having the right people
[29:20] Having the right software
[31:34] Getting the right property
[36:57] Biggest lesson Matt learned in his real estate investing journey
[44:15] Connect with Matt
Guest Links
Website – cozivr.com
Show Links
Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals
Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals
Living Off Rentals Website – livingoffrentals.com
Living Off Rentals Instagram – instagram.com/livingoffrentals
Living Off Rentals TikTok – tiktok.com/@livingoffrentals
We have a special episode today on Living Off Rentals as we focus on real estate negotiations. Joining us today is someone who left his 9-to-5 job to focus on real estate investing and has now been a real estate investor for two decades.
Back in 2001, Tom Zeeb was as broke as a joke. His near-death experience pushed him to break free from his 9-to-5 job. Today, he runs a successful podcast, The Art and Science of Real Estate Negotiation, and coaches others who are getting started with real estate.
Listen and learn more on how to negotiate the best real estate deal. Enjoy the show!
Key Takeaways
[00:00] Introducing Tom Zeeb and his background
[03:39] His turning point from a 9-to-5 job to real estate
[11:09] Benefits of real estate negotiations
[12:49] Steps for a win-win scenario in negotiations
[20:00] How to identify if a deal is worth your time
[26:30] Helping people with their problems
[29:12] "More deals at better profits"
[35:35] Connect with Tom Zeeb
Guest Links
Website – tomzeeb.com
Show Links
Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals
Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals
Living Off Rentals Website – livingoffrentals.com
Living Off Rentals Instagram – instagram.com/livingoffrentals
Living Off Rentals TikTok – tiktok.com/@livingoffrentals
Joining us today on Living Off Rentals is someone who has been involved in the real estate market for over 10 years. She has built a massive portfolio using the BRRRR model, now holding 70 properties.
Jessie Lang is a real estate investor who created significant cash flow. In our episode, she shares her beneficial experiences that will inspire you all.
Listen and learn more about Jessie and how to use the BRRRR method on your way to financial freedom. Enjoy the show!
Key Takeaways
[00:00] Introducing Jessie Lang and her background
[03:08] How she started in real estate investing
[12:41] From wholesaling to the BRRRR model
[14:11] The power of the BRRRR method
[21:21] Jessie's system for the acquisition, rehab, and management phase
[25:48] Funding sources to buy properties
[29:18] "If you show up and do the work, you will get the result"
[33:49] Challenges of remote investing
[36:36] Connect with Jessie Lang Guest Links
Website – facebook.com/groups/unlockedguide
Show Links
Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals
Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals
Living Off Rentals Website – livingoffrentals.com
Living Off Rentals Instagram – instagram.com/livingoffrentals
Living Off Rentals TikTok – tiktok.com/@livingoffrentals
In this week's episode of Living Off Rentals, our guest is in the top 1% of all real estate agents in the United States. He is passionate about educating and coaching others in business and entrepreneurship.
Schuyler Williamson is an experienced real estate agent and investor, a professional baseball player, graduate of the United States Military Academy and Ranger school, and owner of several businesses, including a realty company, a home-building company, laundromats, and many rental properties.
They key throughline that has made him a success in so many different endevours is strong leadership and values.
Listen as he shares how he approaches leadership and his recommendations if you're pursuing similar success.
Key Takeaways
[00:00] Introducing Schuyler Williamson and his background
[08:47] His lessons while serving in the military
[17:57] Deciding what was next after the military
[22:41] Introduction to real estate
[26:10] Who do you surround yourself with?
[28:28] Starting Schuyler's brokerage
[34:17] Investments worth the time and effort
[43:29] "The best five years of your life"
[51:12] Schuyler's leadership book
Guest Links
Website – schuylerwilliamson.com
Show Links
Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals
Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals
Living Off Rentals Website – livingoffrentals.com
Living Off Rentals Instagram – instagram.com/livingoffrentals
Living Off Rentals TikTok – tiktok.com/@livingoffrentals
On the first 2024 episode of Living Off Rentals, we sat down with a bestselling author who is also the creator of one of the top real estate investing conferences in the US, Real Estate Wealth Builders Conference (REWBCON).
He also owns over 30 rental properties and is the host of the incredibly successful podcasts Master Passive Income and Successfully Unemployed.
Dustin Heiner has a passion for teaching people about passive income, financial freedom, and information you need to learn about real estate investing.
A few years ago, he started the Real Estate Wealth Builders Conference (REWBCON), a real estate investing gathering different from other "scammy" conferences, and it continues to grow today.
In this episode, we talked about the transformations of people he worked with, updates about business and investment, and the unique market he started his investing career in.
Listen and build your wealth in 2024!
Key Takeaways
[00:00] Introducing Dustin Heiner
[04:18] Working for somebody else vs. working for yourself
[13:15] Great ways to invest in real estate
[17:10] Sustainable cash flow money and passive income
[23:46] Dustin's vision for a conference
[27:10] Uniqueness of this conference
[31:16] Transformation stories
[35:07] Prioritizing your time
[41:05] Dustin’s plans for 2024
Guest Links
Website – rewbcon.com use the discount code "Kirby" for special pricing.
Show Links
Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals
Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals
Living Off Rentals Website – livingoffrentals.com
Living Off Rentals Instagram – instagram.com/livingoffrentals
Living Off Rentals TikTok – tiktok.com/@livingoffrentals
Joining us on this week's episode of Living Off Rentals are the two key figures of Baselane, a next-generation financial operating system and banking platform for independent landlords.
Saad Dar is the head of business development and partnerships, and Thorben Scheidegger is the cofounder and COO of Baselane. They tell us the secrets of inexpensive back-end solutions to manage your properties effectively.
Whether you are transitioning from flipping, shifting from buying long-term rentals to short-term rentals, or keeping your properties organized, this episode is for you!
Enjoy the show!
Key Takeaways
[00:00] Introducing Saad Dar and Thorben Scheidegger
[06:09] What is Baselane?
[10:43] How Baselane's financial operating system works
[19:51] Switching from QuickBooks to Baselane
[26:31] Organizing finances through virtual accounts
[30:30] Physical cards and virtual cards
[40:59] Short-term rental insurance
[43:33] Connect with Saad and Thorben
[
Guest Links
Website – baselane.com
Show Links
Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals
Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals
Living Off Rentals Website – livingoffrentals.com
Living Off Rentals Instagram – instagram.com/livingoffrentals
Living Off Rentals TikTok – tiktok.com/@livingoffrentals
For today's episode of Living Off Rentals, we have Michael Waller as our guest. He decided to take the plunge into his investing journey in 2021 and now has four listings in Milwaukee.
Michael Waller started with Airbnb. He was one of the first people to enroll in the First Vacation Rental Investment Blueprint program and started working on his first short-term rental. Now, he has a total of 173 reviews, and all are five-star reviews.
Listen and learn how to grow your portfolio just like Michael did. Enjoy the show!
Key Takeaways
[00:00] Introducing Michael Waller and his background
[06:25] His goals since 2021
[16:46] Determining a good deal
[27:24] The super listings
[30:50] Michael's criteria for his next property
[37:49] Biggest lessons learned
[43:05] Short-term rentals in achieving financial freedom
[45:18] Connect with Michael
[46:22] Outro
Guest Links
Website – airbnb.co.in/users/show/90679091
Show Links
Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals
Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals
Living Off Rentals Website – livingoffrentals.com
Living Off Rentals Instagram – instagram.com/livingoffrentals
Living Off Rentals TikTok – tiktok.com/@livingoffrentals
Joining us today on Living Off Rentals is someone who has been involved in the real estate market for over 35 years. He has done over $250 million worth of construction, and over $100 million of real estate assets that he manages.
Shannon Robnett is a real estate developer with an extensive background in developing and investing in a huge range of properties, from multi-family, storage facilities, police and fire stations, and industrial. He is a second-generation builder and fourth-generation real estate agent who will give you valuable information based on years of experience.
Listen and equip yourselves with the tools you need to live off rentals. Enjoy the show!
Key Takeaways
[00:00] Introducing Shannon Robnett and his background
[08:56] The mistakes he learned the most from
[13:38] The tax code as the guidebook
[17:22] Advice for people raising capital
[21:15] The hundred-thousand-dollar rob
[25:47] Shannon's take on value-add
[31:30] Industrial as the ATM of real estate
[36:17] Has it been a struggle to get units re-rented?
[40:20] The mindset training for attaining success with Shannon's backstory
[48:03] Connect with Shannon
Guest Links
Website – shannonrobnett.com
Show Links
Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals
Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals
Living Off Rentals Website – livingoffrentals.com
Living Off Rentals Instagram – instagram.com/livingoffrentals
Living Off Rentals TikTok – tiktok.com/@livingoffrentals
Gracing us today on Living Off Rentals is someone who has experience as a real estate agent and broker, managing broker, consultant, lawyer, investor, and short-term rental property host, a mixed bag of knowledge to give us insight into the many facets that contribute to success in the investing space.
Pam Holt is the owner of Holt Residential, the founder of the Happy Host Academy, and most of all an inspiration to women in the industry. She is a dedicated Chicagoan who has found her passion in hosting guests, sharing her love for her city, and uplifting many others who seek success in hosting and short-term rental investing.
Tune in and explore the option of hosting guests at your primary residence, its benefits, and whether it’s for you.
Key Takeaways:
[00:00] Introducing Pam Holt and her background
[10:08] On being a better host and ensuring security for her property
[14:37] Should you become a realtor if you want to pursue investing?
[17:01] What made her properties such successes?
[20:01] Is hosting for you?
[25:23] Pam in the era of Airbnb
[29:51] Arbitrage deals
[35:01] On getting started with hosting and property management
[38:52] The Happy Host Academy
[42:06] Connect with Pam
Guest Links:
Website: https://www.pamholt.com/
Sponsor Links:
Baselane: Baselane Rental Property Management
$29 LLC - www.livingoffrentals.com/LLC
Show Links:
Living Off Rentals YouTube Channel -https://www.youtube.com/c/LivingOffRentals
Living Off Rentals Facebook Group -www.facebook.com/groups/livingoffrentals
Living Off Rentals Website -www.livingoffrentals.com
Living Off Rentals Instagram -www.instagram.com/livingoffrentals
Living Off Rentals TikTok - www.tiktok.com/@livingoffrentals
Welcome back to Living Off Rentals.
It’s our 200th episode celebration baby!
For this special milestone we’re bringing back the most inspirational person I know, my friend Aaron Hale, the CEO and founder of Extra Ordinary Delights and host of the Point of Impact podcast.
A veteran of both the Army and the Navy, Aaron lost his sight and hearing while fighting for our country.
But this hasn’t stopped him from becoming a successful real estate investor, starting his own chocolate company, hosting a successful podcast, and most recently being the first person in history to complete the hardest race known to man, the Badwater 135!
In this episode, we’re going to dive into how a person with no sight and no hearing is able to accomplish so much! If you aren't inspired by Aaron after this episode I give you a 100% refund!
Key Takeaways:
[00:00] Intro
[02:56] Aaron Hale and his background
[09:39] Advice for people who are having their own struggles
[15:21] Training for the Badwater 135 Marathon
[22:13] Investors and meeting with legal specialists
[24:14] The Point of Impact podcast
[26:41] Aaron’s recent real estate ventures
[32:37] Dealing with contractor oversight
[38:09] The Defuniak Springs property
[47:22] Aaron’s lender for the Defuniak Springs
[48:21] What’s next for Aaron?
Guest Links:
Podcast: https://podcasts.apple.com/us/podcast/point-of-impact-with-aaron-hale/id1681213789
EOD Fudge: https://eodfudge.com/
Show Links:
Living Off Rentals YouTube Channel -https://www.youtube.com/c/LivingOffRentals
Living Off Rentals Facebook Group -www.facebook.com/groups/livingoffrentals
Living Off Rentals Website -www.livingoffrentals.com
Living Off Rentals Instagram -www.instagram.com/livingoffrentals
Living Off Rentals TikTok - www.tiktok.com/@livingoffrentals
When it comes to running a business, navigating legalities effectively can mean the difference between success and failure. It’s no different in real estate investing. Not having the proper structure can be a costly mistake.
To shed some light on the subject, Bonnie Galam, founding attorney of The Galam Firm, joins us in this episode of Living Off Rentals. She is an expert in assisting new and veteran real estate investors with legal services, setup of operational infrastructures, and more.
Tune in and learn how to better protect and improve your short-term rental property business!
Key Takeaways
[00:00] Intro
[02:55] Introducing Bonnie Galam
[07:27] What to consider when dealing with contractors
[09:31] Recommended structure for real estate investors
[16:45] Investors and meeting with legal specialists
[19:46] How to increase rental cash flow by leveraging legal tools
[24:08] Budgeting for legal matters and Bonnie’s Landlord Law School program
[27:52] Investing as a real estate lawyer
[31:02] Real estate investing with her husband
[32:39] Bonnie’s thoughts on the current market
[36:02] Bonnie’s podcast, Good Bones Real Estate Investing
[37:41] Biggest mistakes that investors make
Guest Links
Website – bonniegalam.com
Show Links
Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals
Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals
Living Off Rentals Website – livingoffrentals.com
Living Off Rentals Instagram – instagram.com/livingoffrentals
Living Off Rentals TikTok – tiktok.com/@livingoffrentals
In this episode of Living Off Rentals, Scott Royal Smith joins us to share his knowledge. He is a former litigator and now the founder of Royal Legal Solutions, a company dedicated to helping real estate investors protect their assets, save money on taxes and boost their net worth and cash flow.
Scott is also a real estate investor, with his portfolio including properties from every asset class, from single-family and multi-family homes to syndications and commercial properties, giving him an all-around perspective of the industry in both the legal bird’s eye view and from the trenches.
Tune in as he shares how investors can better safeguard their assets and grow their wealth effectively, particularly with the help of series LLCs.
Key Takeaways
[00:00] Introducing Scott Royal Smith and his background
[04:32] Transitioning to asset protection from corporate litigation
[07:32] Discussing ideal setups for rental property investors
[11:42] Series LLCs and why you should consider starting one
[17:09] Ideal setups for partnerships
[20:50] On tax-saving strategies
[30:04] What to consider to succeed in investing
[32:54] Where most real estate plans fail
[37:55] Connect with Scott and Royal Legal Solutions
Guest Links
Website – royallegalsolutions.com
Show Links
Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals
Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals
Living Off Rentals Website – livingoffrentals.com
Living Off Rentals Instagram – instagram.com/livingoffrentals
Living Off Rentals TikTok – tiktok.com/@livingoffrentals
Today’s guest is Chris Prefontaine, the chairman and founder of Smart Real Estate Coach and a four-time bestselling author. He is dedicated to teaching individuals how to transition from their W2 jobs into becoming full-fledged real estate investors.
Chris is a recognizable giant in the industry and a certified fount of real estate investing knowledge accumulated from 31 years of experience, which he shares through both his business and his podcast—the Smart Real Estate Coach podcast, ranking in the top 0.5% of shows on Apple Podcasts.
Chris joins us to share his knowledge with those who are looking to begin their investing journey, creative finance, and more. Tune in!
Key Takeaways
[00:00] Introducing Chris Prefontaine
[04:38] Advice for beginner investors
[08:05] Ballpark time frame for new investors before going into it full-time
[11:19] What is creative finance? What is buying on terms?
[13:02] Where to find these deals
[15:15] The Three Payday System
[17:30] Owner finance deals
[20:14] Traits that make a successful real estate investor
[22:37] Advice on growing and managing your team
[26:07] What Chris would do differently if he could start again
[27:24] Connect with Chris
Guest Links
Website – smartrealestatecoach.com
Youtube – youtube.com/smartrealestatecoach Affiliate link -https://smartrealestatecoach.com/?sld=92 Get Chris’ two books, Real Estate On Your Terms and Deal Structure Overtime, for free here: wickedsmartbooks.com/kirby1
Show Links
Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals
Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals
Living Off Rentals Website – livingoffrentals.com
Living Off Rentals Instagram – instagram.com/livingoffrentals
Living Off Rentals TikTok – tiktok.com/@livingoffrentals
It’s time to consider taking your short-term rental properties out of being dependent on sites like Airbnb. Joining us today is Mark Simpson, the founder of Boostly, a platform that gives hospitality owners access to tools, training, and strategies to generate more direct bookings.
External platforms provide certain benefits and minimize risks, but they can bleed you out of extra profit through commission costs. In this discussion, Mark brings to light how you can effectively take ownership of how you market your property and the profits. Tune in!
Key Takeaways
[00:00] Introducing Mark Simpson and how he started Boostly
[10:23] Why go for direct bookings over Airbnb?
[17:19] How to screen guests through direct bookings
[20:21] What is Boostly and how does it get you more direct bookings?
[31:01] What percentage of direct bookings to OTA bookings should you aim for?
[34:54] Lead generation methods to develop
[38:11] Boostly best practices and The Book Direct Playbook
[42:01] Connect with Mark and Boostly
Guest Links
Boostly Website – boostly.co.ukThe Book Direct Playbook – bookdirectplaybook.com
Show Links Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals
Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals
Living Off Rentals Website – livingoffrentals.com
Living Off Rentals Instagram – instagram.com/livingoffrentals
Living Off Rentals TikTok – tiktok.com/@livingoffrentals
Joining us for this episode of Living Off Rentals is Andrew Holmes. He is the founder of Chicago REIA, the largest real estate investors association in the country, and has significant experience in many facets of real estate, including building, developing, and investing.
Andrew has built an extensive real estate portfolio–growing his empire into the multimillions. He has a full commitment to sharing his knowledge as a speaker and coach, guiding thousands of investors through his mastery program.
Tune in!
Key Takeaways
[00:00] Andrew Holmes and his background
[04:57] What did Andrew do early on to set himself up for success?
[08:03] How Andrew’s strategy evolved over time
[17:57] The 257 Strategy
[29:32] Is the strategy still viable today?
[33:16] How Andrew chooses the opportunities he invests in
[41:16] The mindset shift you need to achieve success
[48:55] Connect with Andrew
Guest Links
Chicago REIA Website – chicagoreinvest.comAndrew Holmes Events Website – andrewholmesevents.com
Show Links
Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals
Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals
Living Off Rentals Website – livingoffrentals.com
Living Off Rentals Instagram – instagram.com/livingoffrentals
Living Off Rentals TikTok – tiktok.com/@livingoffrentals
As a real estate investor, you are not only navigating the market, but you’re also navigating the law, and much like the former, the law is in a constant state of evolving.
Keith Brady of Florida Vacation Rental Law joins us today on the Living Off Rentals podcast to shed some light on the legal aspects of owning and managing vacation rental properties. He is an educator for the Florida bar and authored the Florida vacation model ordinance.
While Keith’s expertise is specific to Florida, his knowledge holds value for anyone, no matter where you hang your STR hat. Tune in!
Key Takeaways
[00:00] Keith Brady and his background
[04:37] Key things to address legally when starting in short-term rentals
[12:45] Discussing STR insurance
[19:03] Vacation rentals and risk
[26:36] Navigating government restrictions in the STR space
[34:59] On agreements
[40:23] Connect with Keith
Guest Links
Website – floridavacationrentallaw.com Email – admin@floridavacationrentallaw.com
Show Links
Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals
Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals
Living Off Rentals Website – livingoffrentals.com
Living Off Rentals Instagram – instagram.com/livingoffrentals
Living Off Rentals TikTok – tiktok.com/@livingoffrentals
The 1031 exchange can be a massively beneficial tool for real estate investors to have in their arsenal. It allows an investor the opportunity to defer taxes on the sale of a home, maximizing profit.
To dive deeper into leveraging this opportunity, we are joined by 1031 exchange expert, Dave Foster. He is a real estate investor, accountant, tax strategist, executive director of The 1031 Investor platform, and the author of Lifetime Tax-Free Wealth: The Real Estate Investor’s Guide to the 1031 Exchange.
Dave defines himself as a poster child of Living Off Rentals and is eager to share his knowledge and methods for success in investing. Tune in, take notes, and profit.
Key Takeaways
[00:00] Dave Foster and his background
[09:44] Dave’s investments and 1031 exchanges
[18:10] 1031 exchange strategies
[24:05] More on 1031 exchanges–properties, tax deference, and recommended amount
[28:37] 1031 exchange and passive investing
[31:42] Dave’s book on 1031 exchanges
[33:06] Connect with Dave
Guest Links
Website – the1031investor.com
Show Links Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals
Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals
Living Off Rentals Website – livingoffrentals.com
Living Off Rentals Instagram – instagram.com/livingoffrentals
Living Off Rentals TikTok – tiktok.com/@livingoffrentals
Welcome back to the Living Off Rentals podcast. Our guest is Sharad Mehta, a real estate investor and the Founder and CEO of REsimpli.
Sharad is no simple investor. Over the years, he developed systems to automate his processes, eventually founding REsimpli, a company dedicated to simplifying real estate investing. It is a cloud-based system that helps investors automate tasks and manage their businesses more effectively.
With his systems and his experience, Sharad is able to manage 3-4 rehabs each month without needing to be there. Join us as he shares his methods and insights in this episode.
Key Takeaways:
[00:00] Sharad Mehta and his background
[07:47] How Sharad started developing his systems
[10:52] Sharad’s team
[14:43] How Sharad stays on top of his businesses
[18:29] On REsimpli
[25:01] Sharad’s marketing strategy
[29:07] How his systems and his team has enriched Sharad’s business and life
[32:58] Associated costs with REsimpli, and its implementation into an investing business
[36:27] Should you pay off your rental properties or keep leverage?
[41:02] Connect with Sharad
Guest Links: Website: https://resimpli.com/Email: sharad@resimpli.com
Show Links: Living Off Rentals YouTube Channel -https://www.youtube.com/c/LivingOffRentals
Living Off Rentals Facebook Group -www.facebook.com/groups/livingoffrentals
Living Off Rentals Website -www.livingoffrentals.com
Living Off Rentals Instagram -www.instagram.com/livingoffrentals
Living Off Rentals TikTok - www.tiktok.com/@livingoffrentals
Charles Carillo is our guest for this episode of the Living Off Rentals podcast. He is a commercial real estate investor and a managing partner at Harborside Partners.
Charles has been an entrepreneur for 20 years and in real estate since 2006, with a portfolio growing from 11 in 2017 to over 1,500 this year. He is also the host of the Global Investors podcast, which hosts many established rental property experts in the industry.
Bringing with him years of experience and expertise, tune in to hear Charles’ insights into real estate investing and more.
Key Takeaways:
[00:00] Charles Carillo and his background
[11:51] Charles’ strategy and target properties then vs. now
[14:41] Should you start with multifamily investing or should you start small?
[16:20] Ongoing from 11 properties to 1,500 in 5 years and his strategy in the current market
[29:01] Charles’ recent deals
[40:16] On expanding beyond real estate and managing his businesses
[44:00] Charles on hiring virtual assistants
[49:00] Connect with Charles
Guest Links:
Website: https://harborsidepartners.com/
Show Links:
Living Off Rentals YouTube Channel -https://www.youtube.com/c/LivingOffRentals
Living Off Rentals Facebook Group -www.facebook.com/groups/livingoffrentals
Living Off Rentals Website -www.livingoffrentals.com
Living Off Rentals Instagram -www.instagram.com/livingoffrentals
Living Off Rentals TikTok - www.tiktok.com/@livingoffrentals
Today’s guest on the Living Off Rentals podcast is Michael Chang, a former investment banker, now turned short-term rental business owner and operator as co-founder of TrustBNB Vacation Rentals with his wife, Elizabeth Chang.
For a decade, Mike spent his years in Wall Street, and while he did very well financially, he didn’t want the life he saw most of his fellow investment bankers live. He wanted freedom and a lifestyle that allowed him to spend time with his family. This desire led him and his wife to begin their short-term rental business, eventually focusing on it full-time.
Taking his investment banking knowledge and applying it to their business, Mike and Liz were able to skyrocket their success in the short-term rental space. Tune in and catch his insights in this episode.
Key Takeaways
[00:00] Michael Chang and his transition into short-term rentals
[03:52] Michael’s rental arbitrage strategy
[13:07] Discussing the numbers of his rental arbitrage strategy
[16:02] Weighing the risks of leaving his work and starting his own business
[20:56] How Michael and his wife handle their roles in their business
[22:55] Did Michael’s background help him in his real estate investing career?
[25:19] Michael on financing investing projects
[29:02] How to limit risk with the rental arbitrage strategy
[31:41] The biggest lesson Michael has learned in his investing career
[36:00] Connect with Michael
Guest Links
Instagram: instagram.com/michaelchangbnb
Show Links Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals
Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals
Living Off Rentals Website – livingoffrentals.com
Living Off Rentals Instagram – instagram.com/livingoffrentals
Living Off Rentals TikTok – tiktok.com/@livingoffrentals
Joining us for this episode of Living Off Rentals is Garr Russell. Prior to venturing into the rental space, he was a long-time FICO-certified credit counselor who founded his own business.
In 2015, having already owned a significant real estate portfolio, Garr began his journey in a unique, charming niche—RV rental management, Fireside RV Rental.
After buying an RV for his and his wife’s 10-year anniversary, they rented it out, eventually snowballing into the country’s largest RV rental management franchise.
Tune in and hear more about Garr’s “wheel estate” venture and his insights into the industry, as well as how you can get involved in creating cash flow through RV rentals as well.
Key Takeaways:
[00:00] Introducing Garr Russell
[04:36] Renting his first RV to growing it into Fireside RV Rental
[09:08] Scaling his RV rental business with an arbitrage strategy
[14:05] Running the numbers in Fireside RV Rental
[22:04] Renting out RVs
[26:13] How Garr finds owners to work with
[29:51] Fireside RV Rental as a franchise
[35:23] Profits from being in the RV rental space
[37:14] Garr’s advice for people who want to get into the RV rental space
[41:03] Connect with Garr
Guest Links:
Website: https://firesidervrental.com/
Show Links: Living Off Rentals YouTube Channel -https://www.youtube.com/c/LivingOffRentals
Living Off Rentals Facebook Group -www.facebook.com/groups/livingoffrentals
Living Off Rentals Website -www.livingoffrentals.com
Living Off Rentals Instagram -www.instagram.com/livingoffrentals
Living Off Rentals TikTok - www.tiktok.com/@livingoffrentals
Dale Smith is a veteran in real estate, having been in the industry for 15 years with experience in investing, development, and management.
In 2017, Dale founded The SDDE® Smith Group, a company that provides a multitude of services for commercial and holiday home properties, including legal, property consultation, architectural and interior design, construction, and property management.
The SDDE Smith Group started with one vacation rental. Now it has 12 customer-facing brands, over 340 employees, and a projected revenue of over 30 million pounds in 2023. Tune in to learn his insights.
Key Takeaways
[00:00] Introducing Dale Smith
[02:17] Dale expanding on the multi-brand business model
[07:48] The SDDE Smith Group’s structure
[13:26] How the company maintains profitability and a motivated cleaning staff at its scale
[22:07] The SDDE Smith Group’s brands and their profitability
[29:08] The SDDE Smith Group’s marketing strategy
[37:47] Marketing channels that help The SDDE Smith Group get more direct bookings
[41:58] Dale’s insights into the current state and future of the STR sector
[48:20] Outro
Guest Links
Website – sddesmithgroup.comDale’s LinkedIn – linkedin.com/in/dalesmithpvl
Show Links Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals
Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals
Living Off Rentals Website – livingoffrentals.com
Living Off Rentals Instagram – instagram.com/livingoffrentals
Living Off Rentals TikTok – tiktok.com/@livingoffrentals
Our guest today is Brian Davis, a real estate investing and personal finance expert with over two decades of experience, who has been frequently featured on news platforms and websites like U.S. News & World Report and REtipster.
Brian also created the SparkRental platform, allowing people to invest with a lower barrier of entry. He owns over fraction shares of 1500 units and has secured a comfortable lifestyle from his multiple ventures.
If you’re exploring the world of rental property to achieve financial security through earning passive income, then this episode is for you. Tune in to Brian’s insights in today’s episode of Living Off Rentals.
Key Takeaways[00:00] Introducing Brian Davis and how he achieved financial independence
[07:24] His real estate investing journey
[12:20] SparkRental, its inception, and its services
[18:38] SparkRental deals, performance, and returns
[23:12] How SparkRental finds deals in the high-interest and high-cap rate market
[28:40] Locations SparkRental is currently focusing on
[33:31] Brian’s and SparkRental’s investing goal
[40:18] On mentorship and Brian’s tips for new investors
[43:40] Connect with SparkRental
Guest LinksWebsite – sparkrental.com
Brian’s Email – brian@sparkrental.com
SparkRental Support – support@sparkrental.com
Show Links Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals
Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals
Living Off Rentals Website – livingoffrentals.com
Living Off Rentals Instagram – instagram.com/livingoffrentals
Living Off Rentals TikTok – tiktok.com/@livingoffrentals
Joining us is Alexandra Greenawalt, real estate agent, best-selling author, former fashion stylist, and owner of the short-term rental business Sea + Salt Sanctuary.
Alexandra began her journey into the short-term rental space when she started taking notes of the good and bad of the places she stayed in as a traveler. It all came to a head when she moved to Florida to be closer to her grandfather and bought a house in the state to rent out.
Through this endeavor, she has found a passion for managing her short-term rental properties and dedicates herself to tailoring the experience for each of her guests, and she even built her own direct booking site. Tune in to learn more about her journey!
Key Takeaways
[00:00] Introducing Alexandra Greenawalt
[10:00] Customizing the rental for each guest and managing the properties
[16:23] Scale sacrificing quality
[22:05] How her properties perform
[27:11] Should all short-term rental owners become real estate agents?
[31:22] COVID’s impact on her business and making her own direct booking site
[37:16] How she screens her guests
[40:44] Advice for people who are scared to leap into STR investing
[43:00] Outro
Guest Links
Websites – www.saltandseasanctuary.com and www.fairhavenpalmbeach.com Instagram – @alexandragreenawalt
Show Links Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals
Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals
Living Off Rentals Website – livingoffrentals.com
Living Off Rentals Instagram – instagram.com/livingoffrentals
Living Off Rentals TikTok – tiktok.com/@livingoffrentals
We’ve got Buddy Rushing coming back for today’s episode of Living Off Rentals. He is the co-owner, president, and CEO of White Feather Investments, a company focusing on residential and commercial properties.
Buddy is also a former Marine and part of his company’s goal is to help fellow military personnel and their families generate passive income. His company is accomplishing this goal by launching the White Feather Investor Club and their Real Estate Investment Accelerator program to educate individuals and give them a strong network.
Let’s catch up with Buddy and White Feather and hear his insights into the investing space. Tune in!
Key Takeaways
[0:00:00] Introducing Buddy Rushing
[0:04:11] Catching up on Buddy’s current endeavors
[0:08:11] The importance of education, network, and action in real estate
[0:17:32] Buddy’s Real Estate Investment Accelerator program
[0:32:07] The importance of working with someone with experience
[0:36:11] Buddy’s insights into the future of the real estate market and his strategy for it
[0:47:39] How Buddy strategized to cover his family’s goals to travel
[0:58:59] Having the mindset of creativity and persistence when tackling opportunities
[1:02:40] Buddy’s plans for the future
[1:07:41] Connect with Buddy
Guest Links
Website – whitefeatherinvestments.com
Veterans for Financial Freedom – veteransforfinancialfreedom.com
Facebook – facebook.com/edward.rushing.69
Instagram – instagram.com/buddyrushing
Show Links
Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals
Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals
Living Off Rentals Website – livingoffrentals.com
Living Off Rentals Instagram – instagram.com/livingoffrentals
Living Off Rentals TikTok – tiktok.com/@livingoffrentals
Are you considering investing in short-term rentals outside of the United States? This is the episode for you.
Joining us today is Germán Rimoldi, the CEO and co-founder of Foothold, an investment fund for unique short-term rental properties in the U.S. and overseas. He is also the author of The New Grave Dancer: Investing in Short-Term Rentals in Foreign Distressed Markets to Maximize Returns, in which he details his intuitive process of buying distressed properties, particularly in markets outside of the country.
Tune in and learn about a profitable short-term rental investment opportunity you might be missing out on as Germán walks us through his methods and insights.
Key Takeaways
[00:00] Introducing Germán Rimoldi and getting into his grave dancing strategy
[09:26] Why Argentina, Colombia, and Venezuela are standout markets
[13:11] Navigating paperwork and formalities when investing in other countries
[16:45] Explaining the role of inflation and legalities to navigate
[25:16] Discussing the numbers–cost and revenue
[31:36] On partnerships and determining the cash-flow dividends
[34:30] Furnishing the property
[35:11] Connect with Germán
[37:12] Germán’s advice
[37:50] Outro
Guest Links
Website – https://foothold.co/
Landing Page – olivegroveinvestments.com/re
Show Links Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals
Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals
Living Off Rentals Website – livingoffrentals.com
Living Off Rentals Instagram – instagram.com/livingoffrentals
Living Off Rentals TikTok – tiktok.com/@livingoffrentals
Aaron Spatz is the principal of Olive Grove Investments, a senior consultant at Waypoint Technologies, and the director of marketing and communications at the Veteran Executives Network.
Aaron is a serial entrepreneur, making his transition into the real estate investing space a natural development. He connected with Kirby after seeing him speak about short-term rentals in a veteran community. He enrolled in Kirby’s First Vacation Rental Investment Blueprint program and found a fantastic deal that generates great income.
If you’re starting out in your investment journey, this is an episode you need to listen to. Aaron shares his story, the challenges he faced in finding a foothold in the short-term rental space, and the subsequent success he has experienced since. Tune in!
Key Takeaways
[0:00:00] Introducing Aaron Spatz and starting his short-term rental journey
[0:07:02] Finding his confidence to move forward
[0:10:03] Aaron’s amazing deal
[0:20:59] How Aaron moved forward and funded the deal
[0:27:04] Don’t overcomplicate the financial side of things
[0:30:38] Managing the process after closing the deal and rehabbing the property
[0:41:50] Furnishing the property
[0:45:53] On self-managing the property
[0:50:18] Unreasonable guests and working with Airbnb to remove their reviews
[0:56:10] Biggest lessons Aaron learned throughout his deal
[1:03:10] Closing remarks
Guest Links
LinkedIn – linkedin.com/in/aaronspatz
Landing Page – olivegroveinvestments.com/re
Show Links
Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals
Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals
Living Off Rentals Website – livingoffrentals.com
Living Off Rentals Instagram – instagram.com/livingoffrentals
Living Off Rentals TikTok – tiktok.com/@livingoffrentals
First Vacation Rental Investment Blueprint Program – livingoffrentals.com/first-vacation-rental-investment-blueprint
Our guest today is Taylor Wing, an officer from the 82nd Airborne Division turned into a full-time real estate professional. He graduated from West Point Military Academy in 2018 and now owns a home-buying and management company, Black Knight Property Solutions.
Taylor already owns 32 doors of cash-flowing real estate and has done over $20 million of real estate transactions through flips and wholesale just five years after graduating from college.
Being financially free just a few years after graduation is quite an achievement.
In this episode Taylor shares all of his best investing advice! Listen and enjoy!
Key Takeaways
[01:31] Introducing Taylor Wing
[03:17] First actions that Taylor took in his real estate investing journey
[06:12] His very first deal
[12:01] Off-market lead generation
[20:52] Impactful steps Taylor made on his road to financial freedom
[27:04] Structuring your road to freedom
[35:40] Taylor's best strategy in getting a deal
[41:26] Financial Freedom Summit
[43:32] Connect with Taylor
Guest Links
LinkedIn – https://www.linkedin.com/in/taylorwing18/
Instagram – @taylorwing_
Buy tickets for Financial Freedom Summit - https://bcglobalevents.com/
Show Links
Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals
Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals
Living Off Rentals Website – livingoffrentals.com
Living Off Rentals Instagram – instagram.com/livingoffrentals
Living Off Rentals TikTok – tiktok.com/@livingoffrentals
Jim Sheils joins us on this episode of Living Off Rentals. He is a speaker, author, consultant, the founder of 18 Summers, and a partner at Southern Impression Homes, a new construction company with a property management subsidiary focusing on build-to-rent properties.
Jim wrote the book The Family Board Meeting: You Have 18 Summers to Create Lasting Connection with Your Children, a book about developing a better connection with your family and closer bonds through actionable advice.
As entrepreneurs, many of our goals align with the intent of making a better life for our families, and Jim comes in to share his insights into the subject as well as his journey into real estate. Tune in!
Key Takeaways
[00:00] Introducing Jim Sheils and his insights into family time
[06:49] The Family Board Meeting book
[09:55] Achieving a work-life balance
[15:56] Jim on his journey in real estate and starting a company
[19:32] Lessons learned throughout his real estate journey
[25:04] On his focus on build-to-rent properties
[31:28] Get started on your build-to-rent journey
[33:47] Jim’s property management service
[38:53] Advice for achieving a good work-life balance
[44:04] Advice for starting investors
Guest Links
Starting Your Build-to-Rent Journey – jjplaybook.com
18 Summers: Podcast for Parents – podcasts.apple.com/us/podcast/18-summers-podcast-for-parents/id1517106300
The Family Board Meeting Book – amazon.com/Family-Board-Meeting-Connection-Children/dp/1732362912
Show Links
Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals
Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals
Living Off Rentals Website – livingoffrentals.com
Living Off Rentals Instagram – instagram.com/livingoffrentals
Living Off Rentals TikTok – tiktok.com/@livingoffrentals
Get ready to witness the incredible success that can only be found in the world of short-term rentals. Join us as we introduce our esteemed guest, Will Sutherland, an Airbnb host who recently made headlines in a Business Insider article.
Will had the idea to build a treehouse on his four-acre land holding, and he built everything himself. With the treehouse and his other Airbnb property—a converted school bus—he has since made enough money to leave his 9-to-5 job and work as a full-time host, truly living off rentals.
Tune in as we delve into Will's journey as he shares his story and insights into his remarkable success in short-term rentals!
Key Takeaways
[00:00] Introducing Will Sutherland and his story
[04:55] On building the treehouse
[08:25] The treehouse’s specifications and utilities
[12:58] Sharing a space with strangers
[17:24] The financial situation of the treehouse property
[20:51] Will on self-managing his properties
[23:08] The insurance situation of treehouse properties
[25:55] Will’s method of screening his guests
[29:17] Lessons Will has learned since he began and his future plans
[34:21] Connect with Will
Guest Links
Business Insider article about Will – businessinsider.com/i-built-airbnb-treehouse-and-now-host-full-time-2023-1
Instagram – instagram.com/willbillys
Show LinksLiving Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals
Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals
Living Off Rentals Website – livingoffrentals.com
Living Off Rentals Instagram – instagram.com/livingoffrentals
Living Off Rentals TikTok – tiktok.com/@livingoffrentals
Join us for an enlightening episode as we dive into the dynamic realm of short-term rental investment with the brilliant Jeff Brown, founder of Intellihost. Intelllihost is an innovative platform that measures your search performance on Airbnb and delivers data-driven recommendations to maximize your revenue potential.
As an experienced short-term rental investor and host, Jeff brings a wealth of knowledge to guide those who rely on rentals as their primary income source.
Join us as we discuss the short-term rental market and the benefit of using Intellihost in gaining a competitive edge in the industry! Tune in!
Key Takeaways
[00:00] Introducing Jeff Brown and his journey into the short-term rental space
[07:26] The problem in the short-term rental industry and how Intellihost solves it
[14:08] How Intellihost helps you positively affect your ranking on Airbnb
[25:58] What is AB Testing?
[27:40] How Intellihost adjusts its strategy depending on the season
[29:46] Intellihost’s prices
[31:03] Jeff’s insights into the current state of the market
[33:54] Jeff’s insights into the future of short-term rentals
[37:14] Connect with Jeff
Guest Links
Website – https://intellihost.co/
Email – jeff@intellihost.co
Show Links
Join me for my live Masterclass on July 12, 2023 at 3:30 p.m. (CT): livingoffrentals.com/start
Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals
Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals
Living Off Rentals Website – livingoffrentals.com
Living Off Rentals Instagram – instagram.com/livingoffrentals
Living Off Rentals TikTok – tiktok.com/@livingoffrentals
Our guest today is Matt Shields, an investor, a founder of Signifcan LC, and the founder & CEO of Virtus Ventures. He is also the host of the Invest in Sqft Podcast, where he shares his knowledge of multifamily investing with his audience.
Matt has been an entrepreneur for 25 years. Throughout that time, he has delved into tech before moving into multifamily investing, where he has amassed a portfolio of $60 million in real estate assets–and counting.
Experience is the best teacher, so Matt comes into this episode with a lot of insights to share about the nature of entrepreneurship and investing. Tune in!
Key Takeaways
[00:00] Introducing Matt Shields
[03:47] Matt’s three different ventures and how they intersect
[05:56] How Matt manages having three different ventures
[12:30] Leveraging the power of people and properly tracking their projects
[20:44] Matt’s ideal deal in the current market
[27:17] Matt recounts a recent deal and how they set it up to attract their desired clientele
[32:15] What Matt would do differently if he could start his investing career over
[34:13] Lessons learned in tech that he applied in his investing ventures
[35:28] Connect with Matt
Guest Links
LinkedIn – linkedin.com/in/matthewshields
Podcast – podcasts.apple.com/gb/podcast/invest-in-sqft/id1506940483
Traction: Get a Grip on your Business - https://www.amazon.com/Traction-Get-Grip-Your-Business/dp/1936661837
Show Links
Join me for my live Masterclass on July 12, 2023 at 3:30 p.m. (CT): livingoffrentals.com/start
Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals
Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals
Living Off Rentals Website – livingoffrentals.com
Living Off Rentals Instagram – instagram.com/livingoffrentals
Living Off Rentals TikTok – tiktok.com/@livingoffrentals
Throughout my career, I often receive questions from new investors about what to expect when investing in rental properties. It's understandable to be unsure about the potential returns and to set realistic goals, especially when starting out with no prior experience.
In today's episode, I want to address these questions by taking a different approach. Instead of an interview, I will dive into a recent deal we closed and present it as a case study. I’ll be going over all the details of the deal, from finding the property to reflecting on lessons learned, to provide you with tangible examples and demonstrate what is possible in the realm of real estate investing.
Whether you are a new investor or an experienced investor seeking inspiration for your next project, this episode is for you. Tune in!
Key Takeaways
[00:00] Introduction
[01:25] Diving into what’s possible in short-term rental investing
[03:06] An overview of the deal and discovery of the property
[10:23] Running the numbers – Factoring in the cost of rehabbing and inspecting the home
[20:46] Running the numbers – Rehabbing the property and anticipating occupancy
[28:12] Financing the deal
[31:45] First key takeaway – When rehabbing a property, think like a problem-solver
[36:25] Second key takeaway – Don’t do a rehab unless you’re creating worthwhile cash flow
[39:04] Closing remarks
Show Links
Join me for my live Masterclass on July 12, 2023 at 3:30 p.m. (CT)! Join HERE!
Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals
Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals
Living Off Rentals Website – livingoffrentals.com
Living Off Rentals Instagram – instagram.com/livingoffrentals
Living Off Rentals TikTok – tiktok.com/@livingoffrentals
For this episode of Living Off Rentals, we are joined by Sarah Weaver. She is a coach, speaker, real estate investor, real estate entrepreneur, and the author of 30-Day Stay: A Real Estate Investor's Guide to Mastering the Medium-Term Rental. Throughout her career, she has built an extensive portfolio, which she also self-manages, including short-term rentals.
With her numerous investments, Sarah was able to live a nomadic lifestyle and exercise her passion for traveling. This freedom led her to dedicate time to helping others achieve the lifestyle they desire through real estate investing.
We’re in another episode with a ton of value! Tune in!
Key Takeaways
[00:00] Introduction
[01:15] Introducing Sarah Weaver and her background
[08:54] Her medium-term rental strategy
[18:31] Financing medium-term rental deals and watching for market saturation
[22:59] On how she manages her medium-term rentals
[26:59] On living as a digital nomad and fulfilling her passion for traveling and helping people find confidence
[31:29] Her takeaways from the Real Estate Wealth Builders Conference
[34:24] On vocalizing the feeling of inadequacy
[37:06] Advice for beginning investors
Guest Links
Website – sarahdweaver.com
Facebook – facebook.com/sarahdweaverpage
Instagram – instagram.com/sarahdweaver
Show Links
Join me for my live Masterclass on July 12, 2023 at 3:30 p.m. (CT)! - Join HERE
Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals
Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals
Living Off Rentals Website – livingoffrentals.com
Living Off Rentals Instagram – instagram.com/livingoffrentals
Living Off Rentals TikTok – tiktok.com/@livingoffrentals
Today marks the first for the Living Off Rentals podcast! We got to talk to Andrew Yu in person at the Real Estate Wealth Builders Conference. Andrew Yu is the founder and owner of Paranova Property Buyers, a wholesaling company based in Little Rock, Arkansas.
Andrew shares his story about how he started in the real estate investing space and how it allowed him to quit his 9-to-5 job and build a successful company. Tune in!
Key Takeaways
[00:00] Introduction
[00:59] Introducing Andrew Yu, his background, and his first deal
[06:36] His second deal and discussing subject-to deals
[09:26] Starting a wholesaling company
[15:43] Andrew’s house hack
[20:02] Advice for new investors
Guest Links
Website – paranovabuyers.com
Facebook – facebook.com/paranovabuyers
Instagram – instagram.com/paranova_property_buyers
Show Links
Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals
Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals
Living Off Rentals Website – livingoffrentals.com
Living Off Rentals Instagram – instagram.com/livingoffrentals
Living Off Rentals TikTok – tiktok.com/@livingoffrentals
In this episode of the Living Off Rentals Podcast, we are joined by Robin Simon, a finance expert specializing in rental property investments and a partner at Easy Street Capital.
Robin joins us to discuss real estate financing, focusing on short-term and medium-term rental investments. He shares valuable insights and expert advice, shedding light on the nuances of securing financing for these types of investments, and gives us an insider look into Easy Street’s process.
Whether you're a seasoned investor or just starting out, this episode offers valuable information to help you navigate the financing landscape, especially for your STR business. Tune in!
Key Takeaways
[00:00] Introduction
[00:59] Introducing Robin Simon, his background, and his work with Easy Street
[05:49] How Easy Street’s financing options differ from other lenders
[09:21] Applying for Easy Street financing, including its requirements and process
[13:02] Things to keep in mind that can hurt the process of the deal
[16:19] A discussion of terms in Easy Street’s financing options
[23:23] On Easy Street’s dedication to serving short-term rentals and first-time investors
[30:23] On whether Easy Street allows having a secondary or partner on the deal
[32:24] How Easy Street handles financing for rehabs
[35:53] Indicators or characteristics of success in investors
[38:35] Connect with Robin Simon and Easy Street
[41:25] Conclusion and podcast outro
Guest Links
Website – easystreetcap.com
Facebook – facebook.com/EasyStreetCapital
Twitter – twitter.com/EasyStreetCap
LinkedIn – linkedin.com/company/easy-street-capital
Instagram – instagram.com/easystreetcap
Robin’s Instagram – instagram.com/robinsimonesc
Robin’s LinkedIn – linkedin.com/in/robinsimonesc
Show Links
Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals
Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals
Living Off Rentals Website – livingoffrentals.com
Living Off Rentals Instagram – instagram.com/livingoffrentals
Living Off Rentals TikTok – tiktok.com/@livingoffrentals
Our guest today is Seth Williams, a real estate investor and founder of REtipster. REtipster is a real estate community that educates motivated individuals to pursue their real estate goals and earn good money while minimizing risk.
Join us as Seth shares his insights into the industry, based on his struggles starting and growing his own portfolio. This episode is undoubtedly a valuable one for learning about land investing and for finding your ground as a new investor. Tune in!
Key Takeaways
[00:56] Introducing Seth Williams and his initial struggle to enter real estate investing
[06:41] One mistake new investors often make their first time
[07:48] On land investing and navigating the competition in the industry
[17:19] On why you need to do your due diligence
[21:13] Deals Seth goes for today
[22:56] On REtipster
[26:03] How Seth manages his time between his ventures and personal life
[31:05] Lessons Seth wishes he knew starting out
[33:44] Connect with Seth and REtipster
[34:39] Seth’s forecast on real estate investing and the land niche
Guest Links
Website: retipster.com
Learn more about land investing: landflippinglifecycle.com
Show Links
Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals
Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals
Living Off Rentals Website – livingoffrentals.com
Living Off Rentals Instagram – instagram.com/livingoffrentals
Living Off Rentals TikTok – tiktok.com/@livingoffrentals
Joining us on Living Off Rentals is Leslie Anne Morris. She is a real estate investor, real estate coach, motivational speaker, best-selling author, and the owner of Josh Cabins, Josh Cabins Management, and Invest in the Smoky Mountains.
As a short-term rental expert, Leslie offers her services as an agent, consultant, and property manager to many of her clients, and even helps set it up as an AirBnB under Josh Cabins’ direct booking site.
Tune in to hear Leslie’s story and insights into short-term rental investing and get inspired to start your own venture!
Key Takeaways:
[00:55] Introducing Leslie Anne Morris
[04:17] Leslie’s first deal and cashing out her IRA
[08:31] The numbers behind Leslie’s first deal
[12:41] The expectations and realities of Leslie’s decision to start investing
[16:05] The Invest in the Smoky Mountains purchase process
[18:19] On running a property management business with an investor’s mindset
[20:57] On her lessons learned in hindsight since starting her investment journey
[21:54] On the book Leslie is writing
[23:47] On her goal to help a thousand women become millionaires through STR investing
[25:56] Connect with Leslie
Guest Links:
Website: https://leslieannemorris.com/
Instagram: https://www.instagram.com/leslie.anne.morris/
Show Links:
Living Off Rentals YouTube Channel -https://www.youtube.com/c/LivingOffRentals
Living Off Rentals Facebook Group -www.facebook.com/groups/livingoffrentals
Living Off Rentals Website -www.livingoffrentals.com
Living Off Rentals Instagram -www.instagram.com/livingoffrentals
Living Off Rentals TikTok - www.tiktok.com/@livingoffrentals
Today’s guest is Lindsay Lovell, a real estate investor, co-founder of Wanderlust Property Management, co-founder of G-VI Capital, and the founder of The Millionaire’s March.
Lindsay’s presence in the real estate space is nothing to scoff at. She has experience and expertise in multiple facets of investing, from being an investor herself to diving into property management and coaching other investors in finding their own success and financial freedom.
Tune in to the discussion and learn about her investment journey, including how she grew her holdings from 0 to 36 doors in just 18 months–and more!
Key Takeaways:
[00:55] Introducing Lindsay Lovell
[06:34] How she was able to quickly build up her portfolio from zero
[08:35] Lindsay’s strategy for her first 36 investment properties
[13:44] How Lindsay’s strategy changed in her next investments
[15:21] Lessons learned since she first started
[20:54] Lindsay’s current investment targets
[24:56] On long-distance property management
[27:20] On her coaching services
[31:59] Connect with Lindsay
Guest Links:
The Millionaire’s March Website: themillionairesmarch.com
Wanderlust Property Management Website: wanderlust-property-management.business.site G-VI Capital’s Website: g-vicap.com
Show Links:
Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals
Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals
Living Off Rentals Website – livingoffrentals.com
Living Off Rentals Instagram – instagram.com/livingoffrentals
Living Off Rentals TikTok – tiktok.com/@livingoffrentals
Today we are joined by Milena Dorsey, the owner and CEO of Signature One Signing Services LLC and the co-founder of Dorsey Holdings Intl.
Milena is relatively new to real estate investing, and it’s been exciting to see her development. She was one of the members of my First Vacation Rental Investment Blueprint program less than a year ago, but she is already coming up on owning her sixth rental property!
Tune in to the discussion as she shares how she managed to build her investment portfolio quickly into a steadily growing short-term rental business.
Key Takeaways:
[00:55] Introducing Milena Dorsey and her background
[08:30] Ending up in the United States and starting in real estate
[13:34] Opening her notary company
[18:24] Joining a real estate accelerator course and starting her portfolio
[29:14] Milena’s metrics for her properties
[32:31] Milena’s advice on mindset
[37:25] Her initial real estate goals and how they’ve changed
[40:31] On managing her properties long-distance
[46:27] Beginning to offer management services
[50:42] Lessons she’s learned since she started in real estate
[54:42] Connect with Milena
Guest Links:
Email: milena@wisehosting.com
Show Links:
Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals
Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals
Living Off Rentals Website – livingoffrentals.com
Living Off Rentals Instagram – instagram.com/livingoffrentals
Living Off Rentals TikTok – tiktok.com/@livingoffrentals
Our guest today is Jaime Lane. He is an advisor, and Vice President of Research at AirDNA, where he also co-hosts the company’s podcast.
Jaime Lane's role at AirDNA entails analyzing data, pioneering innovative ideas, and utilizing cutting-edge analytical methods to offer fresh perspectives on short-term rental supply, demand, and pricing trends. His research has been featured in leading academic and professional publications, and he frequently shares his insights at lodging industry conferences and seminars.
Jaime has a deep background in economics and analytics, and he joins us today to give his insight into the industry and the benefits of using a tool like AirDNA for your business. Tune in!
Key Takeaways:
[00:55] Introducing Jamie Lane and his background
[03:55] Will AirBnBs threaten the hotel industry?
[05:55] AirDNA and its tracking capabilities
[12:00] The accuracy and reliability of AirDNA data
[21:27] AirDNA on market predictions and Investability
[24:51] Jaime’s insight on the Detroit and Maui markets
[26:59] On the development of AirDNA as a tool
[30:10] How to identify investment opportunities in today’s market
[37:58] Connect with Jamie
Guest Links:
Jamie’s Blog: https://www.airdna.co/resources Twitter: https://twitter.com/jamie_lane
Show Links:
Living Off Rentals YouTube Channel -https://www.youtube.com/c/LivingOffRentals
Living Off Rentals Facebook Group -www.facebook.com/groups/livingoffrentals
Living Off Rentals Website -www.livingoffrentals.com
Living Off Rentals Instagram -www.instagram.com/livingoffrentals
Living Off Rentals TikTok - www.tiktok.com/@livingoffrentals
On this episode of Living Off Rentals, we are joined by Jessica Hinton, the owner of Barefoot Vacation Rentals. After managing her own vacation rentals for several years, Jessica was inspired to start her own vacation rental management business. With her 16 years of experience as an HVAC technician in the Air Force and her current line of work as a project manager, she had the skills and desire to take on this new challenge.
Jessica has since built a team to help with the many properties that Barefoot Vacation Rentals is managing. They take great pride in their service, even offering their unique Peace of Mind service, which ensures that property owners can rest assured that temporary tenants don’t disturb the neighbors.
Tune in as she shares her journey and insights on the short-term rental space!
Key Takeaways:
[01:01] Introducing Jessica Hinton and her background
[07:06] How she managed her time as an investor, full-time service woman, and single mom
[10:38] Transitioning to managing other people’s properties
[12:53] Barefoot Vacation Rentals and managing her staff
[22:29] Barefoot Vacation Rentals’ Peace of Mind service
[27:33] How she sustained her business despite struggles
[33:38] The benefit of having a team you can trust
[36:00] How she is preparing her busines for the future
Guest Links:
Website: https://www.yourbarefootvacationrentals.com/
Show Links:
Living Off Rentals YouTube Channel -https://www.youtube.com/c/LivingOffRentals
Living Off Rentals Facebook Group -www.facebook.com/groups/livingoffrentals
Living Off Rentals Website -www.livingoffrentals.com
Living Off Rentals Instagram -www.instagram.com/livingoffrentals
Living Off Rentals TikTok - www.tiktok.com/@livingoffrentals
Josh Hatter is many things. He is an information arbitrageur, STR, and B&B expert, and a cash flow junkie who is all about innovation and out-of-the-box thinking. He has been investing since 1999 at the young age of 18.
In 2012, Josh took out a $30,000 401k loan, which played a significant role in his current success. Josh's niche-focused approach has led to his current $5 million, largely made up of short-term rentals and B&Bs. He gives much credit to his implementation of "information arbitrage," a principle of making decisions based on asymmetric risk/reward.
Tune in as Josh shares his unique perspective on real estate investing and the opportunities that exist in the short-term rental and B&B market, and the mindset by which he operates that keeps him at the top of his game.
Key Takeaways:
[00:56] Josh Hatter and his story, his initial foray into investing, and
[08:36] On leaving the corporate world and investing full time
[12:19] On going into short-term rentals, B&Bs, buying a property management company
[16:25] Transitioning into a new B&B model and its management
[22:18] How Josh manages his significant growth
[26:31] On information arbitrage, and how it has influenced his success
[26:49] Eventual scaling goals
[34:17] How Josh stays at the top of his game and can focus on self-development
[37:20] Connect and collaborate with Josh Hatter
Guest Links and Contacts:
Website and Revolutionary Mindset Community Sign-Up: https://www.joshhatter.com/LinkedIn: https://www.linkedin.com/in/joshuahatter/ Facebook: https://www.facebook.com/joshuaghatter
Show Links:
Living Off Rentals YouTube Channel -https://www.youtube.com/c/LivingOffRentals
Living Off Rentals Facebook Group -www.facebook.com/groups/livingoffrentals
Living Off Rentals Website -www.livingoffrentals.com
Living Off Rentals Instagram -www.instagram.com/livingoffrentals
Living Off Rentals TikTok - www.tiktok.com/@livingoffrentals
Joining us on this episode of Living Off Rentals is Patryk Swietek. He is a serial entrepreneur, starting at 14 years old, and a real estate investor that specializes in short-term rentals and hospitality assets. He has built multiple tech businesses and currently owns a real estate portfolio of multiple short-term rental properties.
Patryk owns the property management company LaVista Rentals and is one of the founding figures of STR Nation, a non-profit that aims to provide short-term rental investors with a community of like-minded individuals, helping each other achieve knowledge, confidence, and support to manage their investments.
Tune in to this episode as he gives us a masterclass on the subject of the entrepreneurial mindset. He talks about the challenges and limiting beliefs anyone can face when starting a venture like short-term rental investing, and shares how we can overcome them to achieve our goals.
Key Takeaways:
[00:56] Introducing Patryk Swietek and his background
[05:05] Starting in short-term rentals and getting his first vacation rental
[16:41] Running short-term rentals is a business: Patryk’s experience running one the first time
[18:49] Scaling his short-term rental business
[24:08] Applying marketing: features that help increase the rate
[25:25] On partnership roles
[26:49] Eventual scaling goals
[30:09] Starting LaVista Rentals, a property management company, and what sets it apart from its competition
[33:42] Their property management rates
[39:33] On STR (Short-Term Rental) Nation
[40:58] Connect with Patryk and Join STR Nation
Guest Links and Contacts:
STR Nation Facebook Group: https://www.facebook.com/groups/550974435974421/ Patryk’s Instagram: https://www.instagram.com/patryk_swietek/
Show Links:
Living Off Rentals YouTube Channel -https://www.youtube.com/c/LivingOffRentals
Living Off Rentals Facebook Group -www.facebook.com/groups/livingoffrentals
Living Off Rentals Website -www.livingoffrentals.com
Living Off Rentals Instagram -www.instagram.com/livingoffrentals
Living Off Rentals TikTok - www.tiktok.com/@livingoffrentals
Our guest today is Lee R. Phillips, a trailblazing Counselor of the United States Supreme Court. Lee is an accomplished professional, holding a range of licenses in areas such as real estate, mortgage brokering, securities, and life insurance. He is also an exceptional registered investment advisor with a keen understanding of finance and investment strategies.
Lee's expansive expertise extends beyond traditional legal fields and encompasses innovative solutions in business structure, asset protection, financial planning, and estate planning. He is a respected authority in these areas, providing individuals with invaluable guidance to navigate complex financial landscapes. As the founder of LegaLees Corp., Lee has created a revolutionary company that specializes in providing customized solutions for high-net-worth individuals seeking to resolve asset protection and tax issues.
Thanks to his knowledge, Lee has successfully helped over a million people to achieve financial security, leverage legal intricacies to their advantage, and maximize their income. Tune in as Lee uses his insight to shed some light on the legalities involving short-term rentals!
Key Takeaways:
[00:57] Introducing Lee Phillips and his background
[07:10] Lee’s advice on how to start rental investing
[13:30] How many assets should you have in an LLC?
[18:01] On managing LLCs and protecting your assets
[32:23] On restructuring your LLC to get tax advantages
[35:47] Advice on how to protect free & clear property
[36:56] When and how to find an estate attorney for setting up your estate
[40:51] Connect with Andy, Brandon, and Group Home Riches
Guest Links and Contacts:
LLC Mini-Course:
Protecting Your Financial Future by Lee R. Phillips: https://legalees.com/product/protecting-your-financial-future/
Phone No.: 801 802-9020
Show Links:
Living Off Rentals YouTube Channel -https://www.youtube.com/c/LivingOffRentals
Living Off Rentals Facebook Group -www.facebook.com/groups/livingoffrentals
Living Off Rentals Website -www.livingoffrentals.com
Living Off Rentals Instagram -www.instagram.com/livingoffrentals
Living Off Rentals TikTok - www.tiktok.com/@livingoffrentals
Andy and Brandon of Group Home Riches join us to talk about their chosen niche in real estate investing—they invest in group homes, care homes, and spaces for assisted living.
Through this model, they provide affordable and cooperative housing for different demographics of people, including veterans, the elderly, people with special needs, and more. They’ve been in the niche since 2006, and have simultaneously grown their business to massive success while helping people in need.
Tune in to this episode to learn more about this unique business model!
Key Takeaways:
[01:54] Introducing Andy & Brandon and venturing into group home real estate
[09:31] Group home investing: how payments work, the screening process, and working with caseworkers
[16:12] The typical financial situation and ROI in group home investing
[20:12] Managing group homes: handling turnovers, financing, evictions, the similarities with short-term rentals, and hiring a property manager
[29:23] Traits and habits of successful investors
[33:41] Lessons learned over the years and how they’ve changed as investors
[40:51] Connect with Andy, Brandon, and Group Home Riches
Guest Links:
Group Home Riches: www.grouphomeriches.com
Show Links:
Living Off Rentals YouTube Channel -https://www.youtube.com/c/LivingOffRentals
Living Off Rentals Facebook Group -www.facebook.com/groups/livingoffrentals
Living Off Rentals Website -www.livingoffrentals.com
Living Off Rentals Instagram -www.instagram.com/livingoffrentals
Living Off Rentals TikTok - www.tiktok.com/@livingoffrentals
For many investors, success equates to being free of financial worry and having more control over your time. At 43 years old, our guest today managed to achieve this goal with the help of rental properties.
Brian Tibbs began his investment journey in college and, from there, he focused on growing his portfolio while doing non-profit work overseas. Eventually, he made the step many investors are often wary of doing–he switched from long-term to short-term rentals.
Tune in to this episode to get some insight on this transition, along with other helpful strategies that Brian has used to reach his current success and financial freedom!
Key Takeaways:
[01:54] Introducing Brian Tibbs
[03:52] Brian’s investment and entrepreneurial journey
[11:14] Switching from long-term to short-term rentals
[16:09] The difference in the amount of owner involvement between long and short-term rentals
[19:43] How common are problem guests in short-term rentals?
[22:53] More on Brian’s management systems
[25:44] Brian’s current strategy in the Boise and Arizona markets
[30:42] Discussing rental strategies
[41:34] Brian’s upcoming book: Class Hack
[43:01] Connect with Brian
Guest Links:
Brian’s Email: brian@myshorttermhome.com
Show Links:
Living Off Rentals YouTube Channel -https://www.youtube.com/c/LivingOffRentals
Living Off Rentals Facebook Group -www.facebook.com/groups/livingoffrentals
Living Off Rentals Website -www.livingoffrentals.com
Living Off Rentals Instagram -www.instagram.com/livingoffrentals
Living Off Rentals TikTok - www.tiktok.com/@livingoffrentals
Our guest for this episode is Derrick Barker, the CEO, and co-founder at Nectar. Nectar is a specialized platform that offers financing based on cash flow to real estate entrepreneurs, investors, managers, and hosts alike. They give investors an advance based on their existing cash flow, allowing them to access capital without incurring debt or diluting their equity.
Derrick has been in the finance industry since he left university and is a serial entrepreneur who started his first successful venture as a freshman at Harvard. His real estate career began with single-family properties, and from there grew his portfolio. His experience dealing with the capital-intensive real estate investing venture led him to help found Nectar.
Tune in as we talk about this unique financing option worth checking out for your short-term rental investments and some more insights into the industry!
Key Takeaways:
[01:17] Introducing Derrick Barker and Nectar
[07:15] How Nectar differs from other types of financing
[09:34] How Nectar can ensure landing a deal in six to ten days
[11:20] How Nectar’s financing works: (1) for purchasing property, (2) hands-off method, (3) borrowing across a portfolio, (4) setting terms and securing repayment, and (5) their ideal client
[25:11] Nectar for short-term rental managers
[28:27] Great places to invest or buy short-term rentals
[33:18] Derrick’s forecast for the short-term rental space
[37:34] Advice for people who want to get into short-term rentals
[40:39] How to connect and borrow from Nectar
[41:16] Outro
Guest Links: Nectar Website: https://www.usenectar.com/
Show Links:
Living Off Rentals YouTube Channel -https://www.youtube.com/c/LivingOffRentals
Living Off Rentals Facebook Group -www.facebook.com/groups/livingoffrentals
Living Off Rentals Website -www.livingoffrentals.com
Living Off Rentals Instagram -www.instagram.com/livingoffrentals
Living Off Rentals TikTok - www.tiktok.com/@livingoffrentals
The pursuit of financial freedom can be intimidating, but for some investors, there’s one simple why that makes everything worth it: family. In this week’s episode, Adam Zach is sharing his journey from being a full-time engineer to now having over 50 properties -- all while prioritizing his family over business.
As the co-creator of Home Equity Partner, Adam is committed to helping future homeowners finance and own their dream homes. With their unique business model, Home Equity Partner has been able to successfully serve clients that can’t access traditional bank loans.
If you’re thinking about kickstarting your investing journey, then this is the place to be. Join us as we talk about leveraging your W2 job before leaving, recognizing your competitive advantage as an investor, and landing on the perfect strategy to achieve financial freedom for you and your family!
Key Takeaways:
[01:10] Adam’s Approach To Being A Family Man With A Business
[6:55] The Great Balancing Act: Managing A 9-5 With A Family
[13:05] How Adam Strategized Quitting His Fulltime Job
[17:33] Leveraging Your W2 Job Before Quitting
[20:10] How Adam Arrived At His Current Business Model
[22:15] Landing On The Perfect Business Partner
[28:10] How Home Equity Partners Discovered Their Target Market
[32:40] Adam’s USP For Homeowners Who Need Loans
[37:20] The Importance Of Screening For Potential Homeowners
[43:40] Effective Strategies For Buying Your First Property
[47:45] The Trick To Making Difficult Decisions
Home Equity Partner Website: https://homeequitypartner.com/about-us/
Adam’s Email: adam@homeequitypartner.com
Show Links:
Living Off Rentals YouTube Channel -https://www.youtube.com/c/LivingOffRentals
Living Off Rentals Facebook Group -www.facebook.com/groups/livingoffrentals
Living Off Rentals Website -www.livingoffrentals.com
Living Off Rentals Instagram -www.instagram.com/livingoffrentals
Living Off Rentals TikTok - www.tiktok.com/@livingoffrentals
Making the jump to real estate investing will be the best thing you ever do for yourself and your family. Today, our guest tells us about his journey from making that career pivot and starting from zero.
In this week’s episode, we’re so excited to hear from Isaac Lane, an experienced house hacker, and successful real estate investor. Isaac’s meticulous approach to investing has paid off immensely and he’s raring to share his tips and tricks for beginners.
If you’re ready to improve your earning power drastically, this episode is for you. Tune in as we discuss screening property managers, maximizing the power of your network, and trying Isaac’s systems for achieving your passive income goals.
Key Takeaways:
[01:10] The Starting Line of Isaac’s Career
[5:45] Factors To Consider When Investing
[7:42] Diving Into The Actual Numbers
[9:10] What Most Investors Forget To Research
[11:30] Why Should You Check The Age Of Your Property?
[12:55] How To Vet Actually Good Property Managers
[15:25] His Gameplan For Scaling Up
[18:39] What’s The Best Thing You Can Do For Your Personal Finance?
[19:50] Isaac’s Strategies And Systems for growth
[24:40] The Power Of Networking
[27:15] Isaac’s Hack To Genuine Personal Development
[29:55] How Isaac Is Aiming For $25,000 Of Monthly Passive Income
[31:00] The Unlimited Earning Power Of Real Estate
Isaac’s Instagram: https://www.instagram.com/p/CfgyNLoL9IW/
Show Links:
Living Off Rentals YouTube Channel -https://www.youtube.com/c/LivingOffRentals
Living Off Rentals Facebook Group -www.facebook.com/groups/livingoffrentals
Living Off Rentals Website -www.livingoffrentals.com
Living Off Rentals Instagram -www.instagram.com/livingoffrentals
Living Off Rentals TikTok - www.tiktok.com/@livingoffrentals
Ever feel like your full-time W2 job is holding you back from pursuing your real estate journey? Or maybe you’re using it as an excuse to not make that jump just yet. Today, we’re joined by Loren Wernette, who is living proof that you can enjoy the best of both worlds. In just two years, he was able to scale his business from 0 to 55 rentals -- all while managing his full-time job!
As a successful entrepreneur and educator, Loren is more than happy to share the winning mindset that changed everything for him and the steps he took to scale up to more than 50 long-term rentals. Tune in for this week’s episode if you don’t want to miss our conversations about the importance of valuing your time, the untapped potential of private money, and the key to building a strong team of property managers.
Key Takeaways:
[02:10] Loren’s Career Journey [6:50] How Loren Went From “Someday” to Today! [10:25] How Do You Overcome the Fear of Starting? [13:55] The Best Thing You Can Do When Starting Out [19:27] The Key to Starting Out Strong [22:52] Loren’s #1 Rule in Lending [24:20] Learning From Your First Deal [25:10] How Loren Scaled Up Quickly [29:15] Building a Company From Scratch [32:40] Financing Deals Using Private Money [41:10] Advice for Rookie Investors [42:10] The Mindset You Need to Expand Your Portfolio [46:50] Finally Escaping the Rat Race [51:40] How to Select and Manage Property Managers
Loren’s Instagram: https://www.instagram.com/dadlifeloren/ Loren’s Email: loren@rrprental.com Show Links:
Living Off Rentals YouTube Channel -https://www.youtube.com/c/LivingOffRentals
Living Off Rentals Facebook Group -www.facebook.com/groups/livingoffrentals
Living Off Rentals Website -www.livingoffrentals.com
Living Off Rentals Instagram -www.instagram.com/livingoffrentals
Living Off Rentals TikTok - www.tiktok.com/@livingoffrentals
Today’s guest is Rosario Terracciano. He is the co-founder and CEO of Clickinvest, a technology company that provides acquisition solutions to real estate investors. Through their innovative algorithm, investors can sort through listings and find properties in their chosen niche, whether build-to-rent, build-to-flip, acquiring short-term rentals, or flipping distressed property.
With humble beginnings helping flippers and investors who want to build their rental portfolio, Rosario and Clickinvest have moved into new construction. They now have one hundred thirty lots ready for rental properties in Southwest Florida.
Tune into the episode and hear about how they did it, along with valuable insights into the industry from a certified expert investor.
Key Takeaways:
[01:07] Introducing Rosario Terracciano and Clickinvest
[05:06] Clickinvest and the Build-to-Rent model
[08:48] The process of how Clickinvest works with investors in this model
[16:45] Expounding on the numbers behind the model
[22:39] On associated costs
[26:09] The appeal and convenience of the model and the client’s role throughout the process
[30:45] The impact of Hurricane Ian on their business
[38:39] The risks to consider when choosing to invest in this model
[42:06] The Clickinvest team’s secret to great results
[47:46] Connect with Rosario and Clickinvest
[48:41] Outro
Guest Links:
Rosario’s Email -rosario@clickinvest.com
Show Links:
Living Off Rentals YouTube Channel -https://www.youtube.com/c/LivingOffRentals
Living Off Rentals Facebook Group -www.facebook.com/groups/livingoffrentals
Living Off Rentals Website -www.livingoffrentals.com
Living Off Rentals Instagram -www.instagram.com/livingoffrentals
Living Off Rentals TikTok - www.tiktok.com/@livingoffrentals
Michelle Norman is a licensed Real Estate Broker and the owner of Elite Real Estate & Associates. She has been practicing Real Estate since 2004 and specializes in various areas, including luxury homes, residential re-sale, investment properties, and relocation.
Beginning in wholesaling and flipping, she has since moved into the short-term rental space and worked with me to learn more about vacation rental investments, gaining amazing results in less than a year.
Tune in to the episode as we dive into how Michelle has built her success!
Key Takeaways:
[01:02] Introducing Michelle Norman
[05:17] Why she joined the program and her beginning her new venture into short-term rentals
[10:50] On remote properties
[15:05] On staging her properties
[18:49] How she finances her investments
[23:35] Lima One DSCR loans
[24:16] On the four-unit property that they’re purchasing
[30:40] On the importance of working with other people in building success
[33:30] Michelle’s time management advice
[36:59] What she has learned that she wishes would have known earlier
[39:50] Michelle’s current goals
[41:31] Outro
Show Links:
Living Off Rentals YouTube Channel -https://www.youtube.com/c/LivingOffRentals
Living Off Rentals Facebook Group -www.facebook.com/groups/livingoffrentals
Living Off Rentals Website -www.livingoffrentals.com
Living Off Rentals Instagram -www.instagram.com/livingoffrentals
Living Off Rentals TikTok - www.tiktok.com/@livingoffrentals
When diving into short-term rentals, handling your client’s every request can get overwhelming. This week, our guests have made it their mission to help rental owners reclaim their peace of mind.
In this episode, we are stoked to hear from Charlie Cameron and Hersh Rai, co-founders of Serenity Stays. Their business is dedicated to helping short-term rental owners manage their portfolio by handling everything from the amenities to the client's requests.
This dynamic duo shares their insider wisdom on optimizing rental management and determining what could be the best market for you. We also talk about setting yourself up for success and what attracts clients more than anything. If you’re interested in scaling up your portfolio, then tune in to learn about how choosing the right property managers can help you rapidly grow your real estate empire.
Key Takeaways:
[3:09] The Story Behind Serenity Stays
[6:05] How Serenity Stays Does Things Better
[9:40] How serenity stays operates
[12:16] How Hirsch Fell In Love with Real Estate
[14:15] Steps to Determining if the market is a right fit
22:50 The Key to building long term relationships with clients
[24:54 Which Markets Work Best for First-Timers
[29:05] The secret ingredient to attracting renters
[31:41] determining what is a good rental deal
[32:24] advice for partnering in real estate
[37:17] The Simple Step to Consistently Getting Five-Star Reviews
[42:19] Looking to Get Started or Grow?
Guest Resources: Serenity Stays Website: https://www.serenitystays.com/Serenity Stays Email: team@serenitystays.com
Show Links:
Living Off Rentals YouTube Channel -https://www.youtube.com/c/LivingOffRentals
Living Off Rentals Facebook Group -www.facebook.com/groups/livingoffrentals
Living Off Rentals Website -www.livingoffrentals.com
Every business owner has considered hiring remote assistance to grow their business, but everyone who has ever tried knows that it can be more complex than it may initially seem. Our guest today is here to shed some light on the topic.
In this episode, we welcome Greg Brooks, Director of Business Development at Rocket Station. His company is a remote staffing agency dedicated to providing virtual assistants for people in the real estate investing space. He has a wealth of experience and knowledge regarding virtual assistants and how to leverage them to benefit businesses.
Greg discusses the process of virtual assistant work, the benefits it can provide, and the potential pitfalls that can arise. Tune in to get valuable insights on effectively managing and utilizing virtual assistants to boost your business and take it to new heights.
Key Takeaways:
[01:01] Introducing Greg Brooks and Rocket Station
[04:05] How Rocket Station differs from other VA service companies
[08:24] How Rocket Station manages the potential language barriers common in outsourcing work
[12:01] Why the Philippines over other countries?
[13:37] Common tasks in the real estate investing space that VAs can help with
[17:39] Deciding which roles in the company can be done by people closer to home and which roles to outsource
[20:53] Hiring, aligning, and training virtual assistants
[28:17] Ballpark cost of hiring outsourced assistants
[30:31] Why it’s still necessary to learn and develop your process before venturing into hiring virtual assistants
[33:41] Rocket Station success stories
[36:17] Learn more about virtual assistant work and connect with Rocket Station
Guest Resources:Rocket Station Website: rocketstation.comVA Development Resources: discovery.rocketstation.com
Show Links:
Living Off Rentals YouTube Channel -https://www.youtube.com/c/LivingOffRentals
Living Off Rentals Facebook Group -www.facebook.com/groups/livingoffrentals
Living Off Rentals Website -www.livingoffrentals.com
Living Off Rentals Instagram -www.instagram.com/livingoffrentals
Living Off Rentals TikTok - www.tiktok.com/@livingoffrentals
Mark Willis is a certified financial planner and the owner of Lake Growth Financial Services. He is a three-time best-selling author and the co-host of the well-known “Not Your Average Financial Podcast."
Mark takes a holistic approach to financial planning and is well-versed in alternative investments, such as cash-flowing rental property, and the many ways to generate fantastic returns.
Don't miss the opportunity to hear from Mark as he provides valuable insights and strategies for incorporating real estate into an overall financial plan to help listeners move closer to their goals.
Key Takeaways:
[00:59] Introducing Mark Willis and his background
[11:05] How Mark works with his clients on their financials
[14:24] The characteristics of a great financial portfolio
[19:21] On using the tools at your disposal to reach your financial goals
[23:13] On whole life insurance
[32:25] Whole life insurance as one part of a bigger plan
[36:06] On diversifying investments
[41:46] Using equity harvesting to tap into your equity without refinancing
[49:46] Other strategies for tax savings
[53:00] Opportunities in the new economic climate
[57:15] Connect with Mark
Guest Resources: Not Your Average Financial Podcast - www.notyouraveragefinancialpodcast.com
Show Links:
Living Off Rentals YouTube Channel -https://www.youtube.com/c/LivingOffRentals
Living Off Rentals Facebook Group -www.facebook.com/groups/livingoffrentals
Living Off Rentals Website -www.livingoffrentals.com
Living Off Rentals Instagram -www.instagram.com/livingoffrentals
Living Off Rentals TikTok - www.tiktok.com/@livingoffrentals
William Tingle is a renowned real estate investor, coach, author, and speaker. He is the host of The Sub2Deals Show and the creator of Sub2Deals.com, a platform dedicated to helping investors succeed in the real estate industry.
With over ten years of experience in the field, William has trained and coached many individuals across the United States to achieve financial success through real estate investing. In addition, his expertise and insights have made him a trusted resource for those looking to build and manage a profitable rental property portfolio.
William joins us to discuss subject-to real estate, his career, and more. Catch the complete discussion here.
Key Takeaways:
[01:00] Introducing William Tingle
[05:07] William’s first real estate deals and working toward financial freedom
[09:21] On Subject-to deals and how William structures them
[12:49] Finding people for subject-to deals
[18:07] Subject-to deals and working with sellers
[20:57] Subject-to-transactions and the due-on-sale clause
[26:08] What happens if the seller wants to get a new loan for a different property while in a subject-to-deal?
[28:38] On refinancing
[33:31] How to determine the purchase price that you would pay compared to a cash offer.
[37:05] VA loans and subject-to deals
[38:34] How William manages administration and tracking of his subject-to deals
[40:10] William’s key to success
[43:06] Connect with William
Guest Resources: The Sub2Deals Podcast - www.sub2tv.com
Williams Sub2 Coaching Resources - www.sub2university.com
Show Links:
Living Off Rentals YouTube Channel -https://www.youtube.com/c/LivingOffRentals
Living Off Rentals Facebook Group -www.facebook.com/groups/livingoffrentals
Living Off Rentals Website -www.livingoffrentals.com
Living Off Rentals Instagram -www.instagram.com/livingoffrentals
Living Off Rentals TikTok - www.tiktok.com/@livingoffrentals
For today's episode of Living Off Rentals, we’ve got returning guest Dustin Heiner. As a bit of a reintroduction, he is a successful investor and a veritable resource of real estate knowledge. He authored several books on rental property investing, and hosts two successful podcasts: Master Passive Income and Successfully Unemployed.
Dustin joins us today to talk more about his work, his story, and his mission. He talks about his initial foray into the world of real estate investing and how he has found his passion in teaching others to find their own success in the industry.
As a mentor and community builder at heart, Dustin also touches on the subject of his books and the Real Estate Wealth Builders Conference (REWBCON).
Dustin put together the first REWBCON last year and I had the honor of attending and speaking at the event. This was by far one of the most valuable real estate gatherings, I've ever had the opportunity to attend. To get your discounted tickets to this years event, go to www.REWBCON.com and enter promo code: Kirby
Catch the full discussion here.
Key Takeaways:
[00:54] Reintroducing Dustin Heiner
[03:27] How Dustin started his real estate investing career
[06:43] On the beginning of his mission to teach and build a community
[14:57] The success stories from the Real Estate Wealth Builders Conference (REWBCON)
[22:30] On Dustin’s faith and how it intersects with his career
[28:58] Characteristics of successful investors
[34:15] How erring on the side of giving helped Dustin grow his business
[32:48] Struggles experienced and lessons learned by Samir throughout his journey.
[36:34] Dustin and how he balances his family life and his many successful ventures
[43:31] Connect with Dustin and sign up for REWBCON
[44:24] Closing Remarks
Guest Resources:
Sign up for The Real Estate Wealth Builders Conference @ www.rewbcon.comUse the promo code “Kirby” to get 10% off the tickets at check out!
Dustin’s Master Passive Income Podcast - https://www.masterpassiveincome.com/podcast Successfully Unemployed Podcast - https://successfullyunemployed.co/podcast
Show Links:
Living Off Rentals YouTube Channel -https://www.youtube.com/c/LivingOffRentals
Living Off Rentals Facebook Group -www.facebook.com/groups/livingoffrentals
Living Off Rentals Website -www.livingoffrentals.com
Living Off Rentals Instagram -www.instagram.com/livingoffrentals
Living Off Rentals TikTok - www.tiktok.com/@livingoffrentals
Succeeding in business takes a strong will, commitment, and a healthy mindset. It’s the same for real estate investing, just as it is for any other venture.
We've got RJ de Leon joining us for this episode to answer how and why mindset comes into play in an investor’s career. RJ is a specialist on the subject as he himself is a licensed broker and founder of EJC Partners, a general contracting company focused on multifamily investments.
RJ is also the creator-slash-host of the Mindset Matters podcast, where he regularly discusses the subject. I had the pleasure of coming on as a guest on his show some time ago, and we’re excited for you to hear how much insight this continued conversation will take us. Tune in!
Key Takeaways:[01:00] RJ de Leon and the beginning of his career in real estate.
[07:18] On RJ’s transition into personal investing.
[13:19] RJ on his construction company and his goals for it.
[18:07] RJ’s goals for his investment and construction business.
[26:33] Mindset and its impact on RJ’s life and career.
[32:34] RJ’s ultimate goal: Having more time with his family.
[37:07] RJ on the state of the real estate market.
[43:11] Connect with RJ [45:04] Closing Remarks
Guest Resources:RJ’s Email - emailcontact@EJCpartners.comRJ’s Facebook - https://www.facebook.com/RJ.LifestyleInvesting/ Facebook Group - https://www.facebook.com/groups/1639969759398784
Show Links: Living Off Rentals YouTube Channel -https://www.youtube.com/c/LivingOffRentals
Living Off Rentals Facebook Group -www.facebook.com/groups/livingoffrentals
Living Off Rentals Website -www.livingoffrentals.com
Living Off Rentals Instagram -www.instagram.com/livingoffrentals
Living Off Rentals TikTok - www.tiktok.com/@livingoffrentals
James Ledbetter is today's Living Off Rentals guest and we love his story!
He is a buy-and-hold real estate investor from Texas with a portfolio of 12 self-managed properties that have created substantial wealth and freedom in his life over the last few decades.
James might be considered old-school or unorthodox compared to many investors—he doesn’t have a social media presence, prefers to manage his properties himself, and retains a small number of units.
Nevertheless, despite considering himself “unsophisticated,” and a regular guy, James demonstrates how sticking with the fundamentals consistently can yeild incredible results.
Tune in as he shares his story of regular guy to successful real estate investor!
Key Takeaways:
[00:55] James Ledbetter and being an unsophisticated property owner.
[10:13] James’s growth in profitability throughout the years.
[22:24] James’s strategy and lessons learned in real estate.
[29:31] On being objective when choosing tenants.
[34:31] Why James prefers to self-manage his properties.
[39:48] What would James do differently if he had to start over?
[48:55] James’s current goals.
[57:19] Connect with James.
[58:32] Closing Remarks
Guest Resources:
James’s Cell - 512-797-4708James’s Email - emailledbetter@gmail.com
Show Links:
Living Off Rentals YouTube Channel -https://www.youtube.com/c/LivingOffRentals
Living Off Rentals Facebook Group -www.facebook.com/groups/livingoffrentals
Living Off Rentals Website -www.livingoffrentals.com
Living Off Rentals Instagram -www.instagram.com/livingoffrentals
Living Off Rentals TikTok - www.tiktok.com/@livingoffrentals
Samir Patel is joining us for this episode of Living Off Rentals! He is a military officer, investor, and Managing Partner at Trophy Point, a company dedicated to providing financial products for military-affiliated real estate operators.
We hear a lot about conventional financing and not so much about investment-focused lending. Samir is here today to remedy that by discussing some of his company's products exclusively for military investors who want to build their portfolios.
Catch the discussion in this episode.
Key Takeaways:
[01:00] Samir Patel and investor-focused loans.
[03:58] Samir Patel’s start as an investor and his current work.
[09:51] How Trophy Point determines LTV for a borrower.
[13:13] Trophy Point and their speed of closing.
[16:39] How Trophy Point evaluates investors.
[20:05] Trophy Point’s usual rates and terms.
[27:51] How Samir grew as an investor over the years.
[32:48] Struggles experienced and lessons learned by Samir throughout his journey.
[37:32] The long-term vision for Trophy Point.
[40:47] How to connect with Samir and Trophy Point.
[41:49] Closing Remarks
Guest Resources:
Samir’s Email - samir@trophypointinvestment.com Trophy Point Website - https://www.trophypointinvestment.com
Show Links:
Living Off Rentals YouTube Channel -https://www.youtube.com/c/LivingOffRentals
Living Off Rentals Facebook Group -www.facebook.com/groups/livingoffrentals
Living Off Rentals Website -www.livingoffrentals.com
Living Off Rentals Instagram -www.instagram.com/livingoffrentals
Living Off Rentals TikTok - www.tiktok.com/@livingoffrentals
John Bianchi successfully made the best decision on his rental entrepreneurship based on the data and information. He accomplished this by clearly defining where to obtain the information required to make the best decision that would lead to his own success.
In this episode of Living Off Rentals, he’s here to discuss the lessons he's learned, the experiences he's had, and the wisdom he's gained for us to learn from and adapt some of his wisdom as an aspiring rental entrepreneur.
Key Takeaways:
[02:11] Prior to becoming a rental entrepreneur, John discusses his background.
[04:55] Listen to John’s discussion about the challenges he faced as a Canadian starting a short-term rental business in Chicago - the benefits and drawbacks!
[06:35] Was it John's intention to sell the business to a larger company from the start, or did it happen by chance?
[11:00] Take a look at how John valued his experience with the business he built and the steps he took until he was able to successfully sell it.
[21:18] When it comes to data, John looked for patterns and trends to work with and track information that he could use to make a successful sale based on the scale.
[31:24] John shares the factor and key piece of information that can be used to determine what a rental entrepreneur should anticipate to successfully sell a rental.
[37:17] If you want a great review, you must strike a balance between the quality of the room's advertisements and the beauty of the room itself.
[42:08] In his discussion of rental location trends, John explains how these trends impact his revenue.
[48:37] When does John think the market has reached saturation?
[54:55] John explains where he thinks the greatest opportunity will be based on the market's direction.
Guest Resources:
Website - https://reports.pointanalytics.co
Gmail - hello@pointanalytics.com
Show Resources:
https://drive.google.com/file/d/114YWNpy-rG2szuAhCttZTWQujnAVe_bq/view?usp=share_link
Show Links:
Living Off Rentals YouTube Channel -https://www.youtube.com/c/LivingOffRentals
Living Off Rentals Facebook Group -www.facebook.com/groups/livingoffrentals
Living Off Rentals Website -www.livingoffrentals.com
Living Off Rentals Instagram -www.instagram.com/livingoffrentals
Living Off Rentals TikTok - www.tiktok.com/@livingoffrentals
In this episode, we’ve got Joe “Hark” Herold coming in as our guest. Hark is the Founder & CEO of Design Thinking Denver and the COO of Bunker Labs. He is also an implementer of EOS (Entrepreneurial Operating System), a model that harmonizes all the elements of a business to align them into a single goal.
Hark has been helping entrepreneurs who are military veterans and military spouses to start and scale their businesses. Inspired by the leadership and collaboration he saw during his 20+ years in the Air Force, he seeks to apply the structures that work in the military to businesses and help them succeed.
Catch the discussion in this episode.
Key Takeaways:
[01:01] Hark Herold’s background.
[06:23] How the EOS Model works.
[10:00] The roles of visionary and integrator within the EOS model.
[14:12] The six key components of a business and how the EOS model strengthens them.
[17:01] The “Vision” component.
[25:04] The “People” component.
[28:39] The “Data” component.
[29:52] The “Issues” component
[32:52] The “Process” component.
[34:10] The “Traction” component.
[44:13] Organizations that will benefit from the EOS model.
[46:12] Closing Remarks
Guest Resources:
Hark’s Email - hark.herold@eosworldwide.com
Victory Base Website - https://www.eosworldwide.com
Show Links:
Living Off Rentals YouTube Channel -https://www.youtube.com/c/LivingOffRentals
Living Off Rentals Facebook Group -www.facebook.com/groups/livingoffrentals
Living Off Rentals Website -www.livingoffrentals.com
Living Off Rentals Instagram -www.instagram.com/livingoffrentals
Living Off Rentals TikTok - www.tiktok.com/@livingoffrentals
John Sharkey is a fellow military serviceman. Realizing that being in the military meant having to move around so much, he decided to forgo buying property to live in and instead began investing.
Unlike most investors, John started in the commercial investing space and was involved in multimillion-dollar projects, bringing a fresh perspective to the show. Listen as he shares his story and experience in this episode!
Key Takeaways:
[00:38] John Sharkey’s background and starting on property investing.
[07:53] John on how he grew to become a successful investor.
[21:27] Clearing up preconceived notions about commercial real estate.
[25:13] How John made $1.35 million on one wholesale deal.
[30:23] Should the recent change in the market become a concern for commercial investors?
[33:59] On where there can be lucrative opportunities in the current market situation.
[36:14] On the concept of Victory Base, its benefits over the traditional model, and why investors with military experience use it.
[40:21] On changing the language in the rental business.
[41:21] What residents can expect from participating in the Victory Base model regarding ownership/leasing.
[46:18] Defining the Victory Base agreements and obligations.
[48:48] How having military experience can benefit a real estate investor.
[50:42] Lessons John wishes he had learned earlier that he wants to relay to other investors.
Guest Resources:
John’s LinkedIn - https://www.linkedin.com/in/john-sharkey-a8aba32b/
John’s Email - jsharkey@victorybase.com
“The Real Estate Game” by William Poorvu - https://www.amazon.com/Real-Estate-Game-Intelligent-Decisionmaking/dp/068485550X
Victory Base Website - https://victorybase.com/
Connect with Victory Base - info@victorybase.com, admin@victorybase.com
Show Links:
Living Off Rentals YouTube Channel -https://www.youtube.com/c/LivingOffRentals
Living Off Rentals Facebook Group -www.facebook.com/groups/livingoffrentals
Living Off Rentals Website -www.livingoffrentals.com
Living Off Rentals Instagram -www.instagram.com/livingoffrentals
Living Off Rentals TikTok - www.tiktok.com/@livingoffrentals
Investing in short-term rental properties is, without a doubt, a lucrative venture that anyone can get into to generate massive cash flow and passive income.
However, with creative short-term rental investment stategies becoming more prevelent, it can be a challenge to understand all of the laws associated with them.
That’s when Alex Jarbo, the CEO and Founder of Sargon Investments, found a unique opportunity—he started building a-frame cabins and treehouses as above-board, short-term rentals just outside the city, in time for the rural migration trend in the post-COVID world.
Take some time and hear all about this fascinating niche as Alex walks us through his experiences in this episode!
Key Takeaways:
[01:00] Alex Jarbo’s background and his first foray into short-term rentals.
[05:19] Expanding on the development of a-frame cabins as short-term rentals.
[11:22] How Alex manages risk and plans his exit strategy regarding his short-term rental venture.
[14:47] The average number and size of bedrooms and amenities for Alex’s rental cabins.
[15:49] How much did it cost to develop one of these cabins, and how is it appraised?
[19:41] The average nightly rate for staying at these cabins and tree houses
[23:19] On developing cabins and managing and scaling the business.
[25:06] The reason behind John’s transition from an investor to coaching/training and how his program helps others achieve financial independence through real property investing.
[27:27] Specific amenities in each property that helps attract more customers.
[29:43] How the properties and the business are managed by Alex’s company.
[31:31] What was the thought process for scaling the business into developing 650-700 more properties?
[35:14] On being a leader and the difference between learning leadership from the military and doctorate-level programs.
[37:45] Where can others learn more about short-term rental development?
Guest Resources:
Website - https://www.alexjarbo.com/
Show Links:
Living Off Rentals YouTube Channel -https://www.youtube.com/c/LivingOffRentals
Living Off Rentals Facebook Group -www.facebook.com/groups/livingoffrentals
Living Off Rentals Website -www.livingoffrentals.com
Living Off Rentals Instagram -www.instagram.com/livingoffrentals
Living Off Rentals TikTok - www.tiktok.com/@livingoffrentals
Investing in short-term rental properties is, without a doubt, a lucrative venture that anyone can get into to generate massive cash flow and passive income. But this accessibility means it’s not uncommon, while some markets are a legal maze to navigate.
That’s when Alex Jarbo, the CEO and Founder of Sargon Investments, found a unique opportunity—he started building a-frame cabins and treehouses as above-board, short-term rentals just outside the city, in time for the rural migration trend in the post-COVID world.
Take some time and hear all about this fascinating niche as Alex walks us through his experiences in this episode!
Key Takeaways:
[01:00] Alex Jarbo’s background and his first foray into short-term rentals.
[05:19] Expanding on the development of a-frame cabins as short-term rentals.
[11:22] How Alex manages risk and plans his exit strategy regarding his short-term rental venture.
[14:47] The average number and size of bedrooms and amenities for Alex’s rental cabins.
[15:49] How much did it cost to develop one of these cabins, and how is it appraised?
[19:41] The average nightly rate for staying at these cabins and tree houses
[23:19] On developing cabins and managing and scaling the business.
[25:06] The reason behind John’s transition from an investor to coaching/training and how his program helps others achieve financial independence through real property investing.
[27:27] Specific amenities in each property that helps attract more customers.
[29:43] How the properties and the business are managed by Alex’s company.
[31:31] What was the thought process for scaling the business into developing 650-700 more properties?
[35:14] On being a leader and the difference between learning leadership from the military and doctorate-level programs.
[37:45] Where can others learn more about short-term rental development?
Guest Resources:
Website - https://www.alexjarbo.com/
Show Links:
Living Off Rentals YouTube Channel -https://www.youtube.com/c/LivingOffRentals
Living Off Rentals Facebook Group -www.facebook.com/groups/livingoffrentals
Living Off Rentals Website -www.livingoffrentals.com
Living Off Rentals Instagram -www.instagram.com/livingoffrentals
Living Off Rentals TikTok - www.tiktok.com/@livingoffrentals
When you’re just starting out in rental property investing, there’s no doubt that choosing which property to invest and commit to is confusing. On one hand, it could be the big financial break you’re yearning for. On the other, it could be a tragic deal that will make you lose hope and interest in investing.
But, as John Blackburn (Rental Property Investing Expert) always tells his students, “it’s your job to take action.” Taking action is the only way to get one step closer to the success you know is possible!
If you’d like to take the first step towards rental property investing, but don’t know what course of action to make, or what metrics to use to identify which property is worth investing in, this episode is perfect for you!
Key Takeaways:[01:48] John Blackburn shares what drew him to real estate investing and the deals he’s doing right now.
[06:18] What were the realizations that John had from being a newbie investor to becoming a rental property investing expert?
[10:36] The metrics that John uses to assess whether a property is a good investment or not.
[14:56] John discusses how he’s able to manage rehabs in 5 different states.
[17:39] Planning and narrowing down on your rental investment - John recommends this first course of action for aspiring rental property owners/investors.
[22:23] What type of financing does John recommend for anyone who’s looking to start rental property investing?
[26:03] The reality of dealing with hard money lenders for financing and why you shouldn’t be afraid of them.
[27:28] The reason behind John’s transition from an investor to coaching/training and how his program helps others achieve financial independence through real property investing.
[31:06] John zooms in and enumerates practices that differentiate individuals who can easily attain success from those who might struggle a bit.
Guest Resources:
Facebook groups - https://web.facebook.com/groups/rentalpropertypro
Show Links:
Living Off Rentals YouTube Channel -https://www.youtube.com/c/LivingOffRentals
Living Off Rentals Facebook Group -www.facebook.com/groups/livingoffrentals
Living Off Rentals Website -www.livingoffrentals.com
Living Off Rentals Instagram -www.instagram.com/livingoffrentals
Living Off Rentals TikTok - www.tiktok.com/@livingoffrentals
Wanting to help her husband retire for good and provide for her family, Beth Soto learned the ins and outs of short-term rentals.
Now, she graces this episode of Living Off Rentals to discuss the biggest surprises she’s encountered during her first deal, the lessons she gained from her experience and the wisdom she hopes to pass along to aspiring short-term rental entrepreneurs.
Key Takeaways:
[03:27] Beth shares how her desire to help her husband re-retire and earn more money for the family became the motivation to dive into the world of short-term rentals.
[07:50] She expounds on the initial goal of leaving the 9-5 and understanding the financial impact of gaining cash flow from short-term rentals.
[10:39] What was the biggest surprise that Beth encountered from this business framework?
[15:17] The considerations Beth assesses before deciding which type of property to buy.
[22:25] Projections, numbers, and targets - how does she achieve a 90% occupancy rate?
[30:15] What type of financing did Beth obtain to get started with her flips?
[34:16] The lessons she's gained from her experience and what she's looking to incorporate in the next part of her journey.
[40:28] Beth expounds on why interior designing is finding the right people and connecting with them.
[41:58] How natural disasters impact AirBNB bookings and what she does to accommodate customers and protect the property.
[48:42] The single piece of advice Beth shares with aspiring short-term entrepreneurs.
Guest Resources:Website - https://www.coastalpeachinteriors.com/
Gmail - coastalpeach.interiors@gmail.com
Show Resources:90-minute Live Masterclass Registration - https://www.livingoffrentals.com/start
Show Links:Living Off Rentals YouTube Channel -https://www.youtube.com/c/LivingOffRentals
Living Off Rentals Facebook Group -www.facebook.com/groups/livingoffrentals
Living Off Rentals Website -www.livingoffrentals.com
Living Off Rentals Instagram -www.instagram.com/livingoffrentals
Living Off Rentals TikTok - www.tiktok.com/@livingoffrentals
Blake Dailey returns to “Living Off Rentals” with an incredible investing strategy that is generating stagering cash flow!
As he continues to dominate the short-term rental space, today’s guest looks back and discusses the lessons he learned about motel-to-Airbnb conversions, AirBNB as a hospitality platform, and his ultimate goal.
If you want to learn how you can maximize your AirBNB listing or are looking for super high cash flow strategy, this episode is perfect for you!
Key Takeaways:[03:33] Quick refresher on Blake’s background and how he got started with short-term rental property investing.
[07:31] What are his listing strategies and what do the numbers look like for the property he’s currently working on?
[20:10] The progress of Blake’s motel conversions and how it continues to be an income stream for him.
[29:26] Commending higher rates for Airbnb as a bigger platform in comparison to hotel prices - is it possible?
[25:41] Refinancing short-term rental properties through a bank - how does it work and what are the necessary processes needed to complete the transaction?
[45:13] Is there a reason why Blake keeps on biting the leather for 7 years and what could the end game possibly be?
[50:15] The things that Blake wished he knew before beginning hotel conversions and the lessons he learned throughout the process.
Guest Resources:Instagram - https://www.instagram.com/blakejdailey/
Show Resources:90-minute Live Masterclass Registration - https://www.livingoffrentals.com/start
Show Links:Living Off Rentals YouTube Channel -https://www.youtube.com/c/LivingOffRentals
Living Off Rentals Facebook Group -www.facebook.com/groups/livingoffrentals
Living Off Rentals Website -www.livingoffrentals.com
Living Off Rentals Instagram -www.instagram.com/livingoffrentals
Living Off Rentals TikTok - www.tiktok.com/@livingoffrentals
The #1 topic that comes up in this community is questions around funding.
It makes sense that this so discussed right now, because often financing can feel daunting, and due to the current economic environment, it seems like financing options and terms change almost daily!
So in this interview, I wanted to bring on someone who is lending to rental property owners at a high volume, so you could hear directly from him where things stand.
My guest for today is Brandon Campbell, the Senior Sales Manager of Lima One Capital.
In this interview he demystifies investment property financing and shares what you can expect when it comes to getting a loan for your next rental and how to set yourself up for success!
Enjoy!
Key Takeaways:[02:09] Brandon shared how he started his journey as a sales personnel and eventually became a senior sales manager.
[05:20] What’s the difference between Lima One Capital as a specialty lender and traditional banks?
[07:28] Brandon discusses the most common investment/finance products and their differences.
[15:57] Common pitfalls as to why your deal may not get funded and what you can do to overcome these concerns.
[21:53] Is there a specific amount needed for a downpayment or a limit to how many loans one can get to buy a property?
[27:34] The rise of interest rates and how it impacts lenders, property values, loans, and more.
[45:04] Is there a particular strategy that yields the best results or methods that makes property owners experience financial troubles?
Guest Resources:Email - brandon@limaone.com
Phone Number - 864-404-8442
Show Links:Living Off Rentals YouTube Channel -https://www.youtube.com/c/LivingOffRentals
Living Off Rentals Facebook Group -www.facebook.com/groups/livingoffrentals
Living Off Rentals Website -www.livingoffrentals.com
Living Off Rentals Instagram -www.instagram.com/livingoffrentals
Living Off Rentals TikTok - www.tiktok.com/@livingoffrentals
After an unfortunate incident, EOD team leader, Aaron Hale became blind and deaf. However, this tragedy would soon become a turning point in his life as he discovered the value of looking beyond his disabilities and creating a better life for himself and his family.
In this episode of Living Off Rentals, Aaron Hale shares the valuable lessons he learned, the experiences he’s had, and the success he achieved by standing up to the challenge and refusing to let his circumstances to be his defeat.
Prepare to be inspired!
Key Takeaways:[02:53] Aaron Hale shares his experiences in the army, how he sustained his injuries, and the importance of asking himself, “why is this happening for me?’
[14:55] He recalls how he pushed himself to start walking again and eventually was able to run.
[19:45] What it’s like starting out in real estate investing?
[24:15] How does “buy, rehab, rent, refinance, repeat” work?
[27:53] Aaron’s current strategy for buying properties nowadays.
[30:28] How Aaron makes the partnership work such as dividing roles and other tasks.
[33:41] The advice Aaron shares for listeners who feel like they’re going through a rough time in their lives.
[37:16] Current technologies that allow Aaron to navigate the world with ease despite his disabilities.
[40:41] He discusses the challenging yet fulfilling aspects of being a blind and deaf parent.
Guest Resources:Website - https://eodfudge.com/
LinkedIn - https://www.linkedin.com/in/aaron-hale-1861477/
Show Links:Living Off Rentals YouTube Channel -https://www.youtube.com/c/LivingOffRentals
Living Off Rentals Facebook Group -www.facebook.com/groups/livingoffrentals
Living Off Rentals Website -www.livingoffrentals.com
Living Off Rentals Instagram -www.instagram.com/livingoffrentals
Living Off Rentals TikTok - www.tiktok.com/@livingoffrentals
Today’s guest is definitely the embodiment of what it’s like to live off rentals - and succeed!
From her humble origin story, to the biggest mindset shift she had, Zeona McIntyre is on the mission of helping others rise up from debt and financial difficulties to achieve financial freedom and independence with the help of short-term and medium-term rentals.
If you want to learn how she did it all, better tune in to this episode.
Key Takeaways:[03:16] Zeona recalls how her friend made $50K from sub-leasing and that inspired her to make the move as well.
[06:54] Was it weird to have a guest in your home at first before AirBNB became widely known?
[10:03] She discusses the point in her life where she felt she achieved financial freedom.
[12:11] Zeona answers the question, “if listeners today replicate what you did 10 years from now, do you think they can achieve financial independence as well?”
[13:23] She compares the changes she observed in the market of short-term or medium-term rentals from before and now.
[16:58] What are the properties that can work for house-hacking and what are your tips for getting started on this?
[20:25] The financing difficulties that she struggled with as she pushed through with the house-hacking strategy and how she helps individuals to get started with their ventures.
[22:00] Why she made the switch from buying property to managing them?
[28:37] The biggest mindset shift Zeona has from being $50K in debt to living off rentals now.
Guest Resources:Website - https://www.zeonamcintyre.com/
Calendly link - https://calendly.com/zeona
Bigger Pockets - https://www.biggerpockets.com/blog/biggerpockets-podcast-229early-retirement-short-term-rental-properties-zeona-mcintyre
Show Links:Living Off Rentals YouTube Channel -https://www.youtube.com/c/LivingOffRentals
Living Off Rentals Facebook Group -www.facebook.com/groups/livingoffrentals
Living Off Rentals Website -www.livingoffrentals.com
Living Off Rentals Instagram -www.instagram.com/livingoffrentals
Living Off Rentals TikTok - www.tiktok.com/@livingoffrentals
Accounting or bookkeeping are topics that naturally make a lot of people, and even entrepreneurs, uncomfortable. Despite the negative connotation about it, bookkeeping and accounting are integral business functions that can dictate the success of your business venture.
In this episode of Living Off Rentals, Jessica Lawrence weighs in on why businesses fail and what you can do to prevent or manage the risks associated with it.
Key Takeaways:[03:05] Jessica lists her inspirations and why she started her bookkeeping company.
[07:00] Guided by her knowledge and experience, is rental property a profitable strategy to pursue?
[15:44] Jessica shares her recommendations to make budgeting more manageable.
[19:36] Differences between working with a bookkeeper and an accountant.
[23:05] She weighs in and explains the top reasons why businesses fail.
[27:00] Jessica discusses how she works with clients
[28:05] What type of rentals is Jessica investing in right now?
[33:23] Jessica shares her overall goals - increasing her real estate portfolio and progressing her career as a bookkeeper.
[36:25] She elaborates on the purpose of her book, “Face your finances.”
Guest Resources:Website - https://bnbbookkeepers.com/
Face your finances book - https://www.amazon.com/dp/B09LGVYNVX
Show Links:Living Off Rentals YouTube Channel -https://www.youtube.com/c/LivingOffRentals
Living Off Rentals Facebook Group -www.facebook.com/groups/livingoffrentals
Living Off Rentals Website -www.livingoffrentals.com
Living Off Rentals Instagram -www.instagram.com/livingoffrentals
Living Off Rentals TikTok - www.tiktok.com/@livingoffrentals
How is it that some people seem to be able to achieve mind boggling results in a relatively short period of time, while others struggle with the day to day.
I've always been fascinated with deconstructing the practices, mindset, and habits that lead to phenomenal outcomes.
Jason Yarusi is a perfect example of someone who embodies these practices.
In his quest to find ways to regain control of time and earn money, he stumbled upon multi-family rentals and has seen results in five years that most don't have in a lifetime.
In this episode we talk about why Jason wakes up at 4:32 am every morning and his recommendation for anyone starting out in multifamily investing.
Key Takeaways:[02:41] Listen as Jason shares how he got involved in multi-family rentals.
[09:03] Jason elaborates on the many benefits that he currently enjoys because of this opportunity.
[10:37] A glimpse of the daily work that Jason does and how different it is from focusing on a single-family property.
[19:00] Differences in the lending situation in the midst of the pandemic.
[24:09] How do you decide on the effectiveness of the market cycle and invest in multi-family properties?
[28:52] Jason explains how he tackles overwhelming tasks and massive goals by taking a courageous single step.
[34:55] The magic of waking up at 04:32 and how he can squeeze in running 100 miles a day.
[39:39] What’s the process of raising private money?
[44:02] The greatest piece of advice that Jason received.
Guest Resources:Website - https://www.yarusiholdings.com/
Show Links:Living Off Rentals YouTube Channel -https://www.youtube.com/c/LivingOffRentals
Living Off Rentals Facebook Group -www.facebook.com/groups/livingoffrentals
Living Off Rentals Website -www.livingoffrentals.com
Living Off Rentals Instagram -www.instagram.com/livingoffrentals
Living Off Rentals TikTok - www.tiktok.com/@livingoffrentals
What would it be like to be able to quit your job and rely on the income from rental properties instead? In this episode, Kirby Attwell introduced Jason Snider and Jamie Karbel, two proven long-term rental property experts, who have had incredible success recently in the short-term rental space.
Jamie and Jason direct us to the best approaches to earning revenue from short-term rental properties. Dive into this podcast to understand what helped them find so much success in such a short period of time.
Key Takeaways:[04:00] Jason Snider shares his journey with Jamie Karbel and how they significantly bounced ideas off each other for business planning.
[07:26] How did Jamie and Jason achieve their first rental purchase and add other infrastructure to that rental?
[8:25] Jamie Karbel describes the process of city visitation to locate their new bases.
[11:17] Consider the right environment when moving a rental property to be successful.
[12:20] Jason Snider emphasizes how they created an effective method to increase their ratings.
[15:27] Why does a unit need to be refurbished?
[17:08] Jason tackles the procedure they took in renovating the units.
[30:13] Jason and Jamie specify the advantages you can gain from short-term rentals.
[36:20] Figure out the drive to keep going when you face business problems and move on to the next step.
[38:10] Try to find the market that works better and fits your personality!
Guest Resources:Get connected to Jason Snider and Jamie Karbel directly through their mobile numbers:
Jason Snider’s Cellphone Number: 248-3964-537
Jamie Karbel’s Cellphone Number: 313-608-1117
Show Links:
Follow us on our social media accounts for more updates!
Living Off Rentals YouTube Channel: https://www.youtube.com/c/LivingOffRentals
Living Off Rentals Facebook Group: www.facebook.com/groups/livingoffrentals
Living Off Rentals Website: www.livingoffrentals.com
Living Off Rentals Instagram: www.instagram.com/livingoffrentals
Living Off Rentals TikTok: www.tiktok.com/@livingoffrentals
Typically insurance is one of the last things real estate investors think about.
99% of the time, you don't need it and it is just an extra expense line item.
Until it isn't!
Investors will inevitably experience risks, including fire incidents, water damage, and other potential calamities.
In this episode, Andy Gurczak, owner of All City Adjusting, shares exactly what to do when disaster strikes one of your properties, and how you can protect yourself if the insurance adjuster does not provide fair compensation.
Key Takeaways:
[00:55] The start of episode 135.
[01:05] Kirby introduced the guest speaker, a Licensed Public Adjuster who has helped many people receive their money in insurance claims.
[04:50] Kirby stressed the importance of having a public adjuster who will fight on a client’s behalf.
[05:49] Do we always need to hire a public adjuster or just in some cases?
[09:44] How to know that the hired contractor or PA provides factual and legal claims?
[15:49] Andy shared practical examples to negotiate the right amount of compensation with the insurance company.
[21:15] If the client got a policy and set the replacement cost limit on it years ago, can it be automatically adjusted or will depreciation be taken?
[23:49] Andy recommended the right companies where the clients could start working.
[28:00] The guest shared helpful types of investments he has made.
Guest Resources:Get connected to Andy Gurczak - a licensed Public Adjuster directly or on his website:
Andy Gurczak’s Cellphone Number: 708-655-4186
Andy Gurczak’s LinkedIn: https://www.linkedin.com/in/andy-gurczak-528b9b64/
AllCity Adjusting Website: https://www.allcityadjusting.com/
Show Links:
Follow us on our social media accounts for more updates!
Living Off Rentals YouTube Channel: https://www.youtube.com/c/LivingOffRentals
Living Off Rentals Facebook Group: www.facebook.com/groups/livingoffrentals
Living Off Rentals Website: www.livingoffrentals.com
Living Off Rentals Instagram: www.instagram.com/livingoffrentals
Living Off Rentals TikTok: www.tiktok.com/@livingoffrentals
The thing about success is that we always glamorize the achievement of the goal - whether it’s earning your first million, managing your first property, or leaving the 9-5 to invest in your first property. But, we never see the progression, the behind-the-scenes, or the nitty-gritty.
When Mark Dennis first guested on this show, he shared his triumphs, wisdom, and experience. Now, he’s back again to give you a glimpse of everything in between, of how he continues to thrive and how he manages overwhelming aspects of the business.
Tune in now and learn!
Key Takeaways:
[02:49] A quick glimpse of Mark Dennis’ background, his humble beginnings, and where he is right now in his real estate journey.
[07:50] A look into the progression of Mark’s business and how his system of virtual teams works together to get things done.
[15:01] The impact of Covid-19 on his business, his virtual teams, and his personal life.
[21:31] Is there a business model, size, or property number that you’re looking to achieve before you can determine growth or fulfillment?
[30:35] Mark shares his thoughts regarding the future of Airbnb and of changes in the real estate industry.
[35:00] He discusses the most memorable guest experiences and what you can learn from these encounters.
[45:13] The importance of aligning your values with the business’s goals to achieve longevity and sustainability.
Show Links:
Living Off Rentals YouTube Channel - https://www.youtube.com/c/LivingOffRentals
Living Off Rentals Facebook Group - www.facebook.com/groups/livingoffrentals
Living Off Rentals Website - www.livingoffrentals.com
Living Off Rentals Instagram - www.instagram.com/livingoffrentals
Living Off Rentals TikTok - www.tiktok.com/@livingoffrentals
Transitioning from a job, or the military, can be very disruptive and cause a lot of anxiety. There are many unknowns that could come up, so transitioning with a solid financial footing can help make the process much smoother.
Having cash flowing rentals is a great option to help ensure you maintain a stable income while making the leap.
While investing in real estate is a growing industry for military families, many are struggling to accomplish their first deal.
In this episode, Kevin Brenner shares tips to secure your first property, how he became a part of ADPI, and how you can make the most of your investment.
Key Takeaways:[03:06] Kevin recalls how real estate set him free and the story of how he became a part of ADPI.
[10:06] He shares the first deal he ever made, and how he found the property, not on the internet, but on an old-fashioned listing.
[16:16] Kevin discusses the kind of financing he obtained to secure the first deal and how he was able to obtain it.
[20:03] How does he manage his properties? Kevin also shares tips on managing properties for aspiring entrepreneurs.
[24:57] Kevin describes how personal experiences established the mission of ADPI.
[32:02] He elaborates on what to expect when investors invest to ADPI and how to get started on investing.
[36:56] Kevin shares the most recent podcast guesting he made and the lessons he was able to gain through it.
[41:24] How does the team be kept in alignment with the organization's core values and goals?
[44:41] He shares his tips for aspiring investors to make their first deal.
Guest Resources:Website - https://www.adpicapital.com/
Show Links:Living Off Rentals YouTube Channel - https://www.youtube.com/c/LivingOffRentals
Living Off Rentals Facebook Group - www.facebook.com/groups/livingoffrentals
Living Off Rentals Website - www.livingoffrentals.com
Living Off Rentals Instagram - www.instagram.com/livingoffrentals
Living Off Rentals TikTok - www.tiktok.com/@livingoffrentals
A military career involves a lot of traveling and moving. This can be a predicament for families constantly looking for lodging and temporary housing.
The team behind Patriot Family Homes dedicated themselves to establishing and operating a myriad of properties that will cater to traveling military families and traveling professionals.
In this episode, the Business Development Manager of Patriot Homes, Peter Shull talks about the multi-faceted aspects of Patriot Family Homes, advantages of partnering with them, and the stratospheric growth they continue to experience.
Key Takeaways:[01:11] Peter recalls his experience in the army and how that chapter in his life leads him to connect with Joe Riley.
[05:00] He shares his background as an army officer, his military career, and his initial desire of understanding real estate investing.
[07:52] Peter discusses the multi-faceted aspects of Patriot Family Homes and its mission.
[16:47] What it’s like to partner with Patriot Homes? What does the structure look like?
[20:00] He lists down the advantages of partnering with Patriot Homes instead of owning a property for short-term rentals.
[25:37] Is there a particular client or market that they’re targeting?
[30:59] Peter shares his tips on what properties to pursue and what properties to avoid in the military market niche.
[35:38] He elaborates on the progression of the roles or the growth of the company.
[41:46] Are there any tools or systems that the organization uses to guide their processes?
[45:41] Where is Patriot Family Homes headed?
Guest Resources:Website - https://www.patriotfamilyhomes.com/
Email - peter.shull@patriotfamilyhomes.com
Show Links:Living Off Rentals YouTube Channel - https://www.youtube.com/c/LivingOffRentals
Living Off Rentals Facebook Group - www.facebook.com/groups/livingoffrentals
Living Off Rentals Website - www.livingoffrentals.com
Living Off Rentals Instagram - www.instagram.com/livingoffrentals
Living Off Rentals TikTok - www.tiktok.com/@livingoffrentals
With a lot of Airbnb hosts competing for travelers’ attention, how do you make sure that your property stands out?
Luckily, Zach Busekrus teaches property owners, a thing or two about what property features to highlight, the importance of branded copywriting, and other recommendations you don't want to miss out on.
If you want to learn, then don’t skip out on this episode!
Key Takeaways:
[02:24] Zach recalls how he got into the short-term rental space.
[04:50] Kirby asks Zach whether his decision matches his expectations, and Zach expounds by sharing his experiences.
[11:07] Zach provides his top recommendations for spontaneous and “short-term stay” listing.
[21:10] An overview of the “Host Partner Program?
[27:24] How does Zach distinguish properties that are more “bookable” rather than others?
[32:09] What are the characteristics of a host that makes him more successful than other property hosts?
Guest Resources:
Website - https://www.sponstayneous.com/
E-mail - zach@sponstayneous.com
Show Links:
Living Off Rentals YouTube Channel - https://www.youtube.com/c/LivingOffRental
Living Off Rentals Facebook Group - www.facebook.com/groups/livingoffrentals
Living Off Rentals Website - www.livingoffrentals.com
Living Off Rentals Instagram - www.instagram.com/livingoffrentals
Living Off Rentals TikTok - www.tiktok.com/@livingoffrentals
Some people would’ve thought that the journey towards a life that breaks free from the rat race is smooth sailing. But, it’s not. It is riddled with challenges, self-doubts, and limiting beliefs that ultimately stop us from taking one step forward.
Despite the seemingly daunting road ahead, this episode’s guest, Jay Helms shares valuable wisdom, experiences, and advice that will anyone who finds themselves wanting to achieve financial freedom and enjoy what life has to offer.
Key Takeaways:[03:00] Jay shares what it’s like to live the end goal - the lessons, the challenges, and the triumphs.
[17:51] After recalling marital and family life, Jay answers the question, “how does he structure his time?”
[24:38] The reason why he had to sell his RV.
[30:01] Why did Jay decide to dabble in the world of real estate investing?
[34:03] Throughout the multitude of deals he has made, how did the experience evolve his thinking as an investor?
[38:35] Jay discusses the decisions or deals that he could’ve done differently.
[40:46] Is he making essential preparations as to geographical aspects or financial projections for a deal?
[45:39] He elaborates on the concept of “exit strategies” or decisions he may do when a rental doesn’t work out.
[48:02] Jay discusses the best takeaways he’s had from the W2 Capitalist Mastermind with several industry leaders and industry experts.
Guest Resources:Book a Virtual Coffee - https://w2capitalist.com/virtualcoffee/
Show Links:Living Off Rentals YouTube Channel - https://www.youtube.com/c/LivingOffRentals
Living Off Rentals Facebook Group - www.facebook.com/groups/livingoffrentals
Living Off Rentals Website - www.livingoffrentals.com
Living Off Rentals Instagram - www.instagram.com/livingoffrentals
Living Off Rentals TikTok - www.tiktok.com/@livingoffrentals
It is tempting to leave a 9-5 in the pursuit of something much greater - independence and freedom. But, as our guest puts it, doing so means welcoming roadblocks, hardships and struggles that you never thought you’d encounter.
In this episode, I am glad to have Brian Grimes as our guest as he talks about his learnings, his realizations, and how he managed to conquer it all and ultimately, thrive.
Tune in as the “out-of-town” investor shares his tips so you can create cashflow - 24/7.
Key Takeaways:[01:05] A little background about Brian Grimes.
[02:17] Brian talks about the lessons he learned throughout the course of creating his rental empire and how it shattered his initial realization of leaving a 9-5.
[05:30] He shares how he made his first deal and what deals is he making now.
[11:00] What is it about rehabs that makes Brian lean into them more?
[13:20] How can Brian determine whether a deal is worth moving forward with?
[19:56] He talks about different kinds of financing and recommended lenders for varied investment types.
[27:12] Brian shares tips for individuals looking to buy property remotely.
[33:50] He elaborates on his answer to the question, “is now a good time to invest in real estate?”
[40:06] Brian shares social media links for his upcoming course.
Guest Resources:24/7 Cashflow University Course Signup - https://workwithgrimes.com/application1633659655244
YouTube - https://www.youtube.com/c/BrianLovesCashFlow
Instagram - https://www.instagram.com/briangrimes_247cfu/
Show Links:Living Off Rentals YouTube Channel - https://www.youtube.com/c/LivingOffRentals
Living Off Rentals Facebook Group - www.facebook.com/groups/livingoffrentals
Living Off Rentals Website - www.livingoffrentals.com
Living Off Rentals Instagram - www.instagram.com/livingoffrentals
Wouldn’t it be enlightening if you could understand the legal implications of legislative actions or other concerns about your rental property?
In this episode of Living Off Rentals, Matthew Paletz discusses and elaborates on various topics, concerns and even legal actions that, in one way or another, affect your rental property. Moreover, he shares legal wisdom to protect yourself and your property.
Tune in and learn.
Key Takeaways:[01:25] A little background about Matthew Paletz.
[02:05] What lead Matthew to pursue landlord and tenant law?
[04:03] Matthew discusses the pandemic's impact on the rent moratorium.
[15:00] What legal steps can a property owner or investor take when the government decides to issue a rent moratorium?
[19:43 Matthew shares essential tips on how to protect yourself as a rental property owner.
[24:44] Looking to take legal action against a tenant for a violation? Here are the steps you might need to follow.
[32:50] What is Matthew’s recommendation for new property owners?
[36:04] Matthew’s advice – assessing whether it’s a tenant violation, misdemeanor, trespassing or more.
[42:46] The best approach in structuring a partnership contract.
[40:51] Michael’s advice to aspiring individuals who want to achieve financial independence.
Guest Resources:Website - https://www.paletzlaw.com/team/matthew-i-paletz/
Show Links:Living Off Rentals YouTube Channel - https://www.youtube.com/c/LivingOffRentals
Living Off Rentals Facebook Group - www.facebook.com/groups/livingoffrentals
Living Off Rentals Website - www.livingoffrentals.com
Living Off Rentals Instagram - www.instagram.com/livingoffrentals
Dreaming of a life where you have total freedom of your time, without having to worry about money is not a far-fetched goal anymore. With the right mindset, strategies, and a whole lot of dedication, this is possible.
In today’s episode, I get to talk about financial independence with no other than, Michael Elefante. Here, he discusses what ultimately pushed him to achieve such magnanimous aspirations, his current situation, his outlook for the future, and his advice for those who are seeking the same.
Key Takeaways:[02:45] Michael talks about how he got on the path of financial freedom - at such a young age?
[07:25] Listen to what made Michael pull the trigger and liquidate his 401Ks to invest in properties.
[10:50] He elaborates on what his current work-life balance situation is considering that he’s always on the move.
[13:45] Michael discusses how he uses social media and why every entrepreneur needs to take advantage of various platforms.
[16:08] Where does Michael buy properties and what markets does he consider ideal?
[19:48] Michael’s insights about the future and how he protects his investments for the long run.
[22:40] Financing structure and financing providers
[26:51] All about Guesty and Michael’s advice to aspiring property investors and owners when it comes to managing properties.
[34:53] How does Michael manage his time to be efficient and effective as possible?
[40:51] Michael’s advice to aspiring individuals who want to achieve financial independence.
Guest Resources:Instagram - https://www.instagram.com/melefante6/
YouTube - https://www.youtube.com/c/michaelelefante
TikTok - https://www.tiktok.com/@melefante6
Show Links:Living Off Rentals YouTube Channel - https://www.youtube.com/c/LivingOffRentals
Living Off Rentals Facebook Group - www.facebook.com/groups/livingoffrentals
Living Off Rentals Website - www.livingoffrentals.com
Living Off Rentals Instagram - www.instagram.com/livingoffrentals
Building a short-term rental empire seems to be a far-fetched goal for many of us. But, our guest for today deems otherwise.
In today’s episode, Avery Carl shares how she started, how her goals continued to evolve, her tips for those who are looking to get started, and how she keeps herself sane with all the various priorities she takes on.
Tune in and be inspired to take action.
Key Takeaways:
[01:49] Listen to how Avery got into property rentals - not only limited to short-term ones but also long-term properties.
[07:11] Avery shares her perspective on the question, “is it still worth it to buy properties now?”
[09:09] She shares her tips for individuals who want to take the first step toward investing in rental properties.
[10:55] Are there specific lenders that Avery recommends for individuals who’re looking to finance their investments?
[13:09] What makes a good deal nowadays?
[14:45] Avery’s take on why she decided to personally manage properties instead of relying on property managers.
[17:20] She looks back on her previous goals and how it continues to evolve to the present.
[19:37] A quick discussion of the property management software - hospitable.com
[21:49] Avery reminisces on deals she might have changed and why she feels the need to change them.
[23:11] Her predictions on rental properties and the direction the industry is headed.
[26:10] How does Avery keep herself composed despite having kids, having a brokerage company, and managing her rental properties?
Guest Resources:Website - https://theshorttermshop.com/
LinkedIn - https://www.linkedin.com/in/averycarl/
Show Links:
Living Off Rentals YouTube Channel - https://www.youtube.com/c/LivingOffRentals
Living Off Rentals Facebook Group - www.facebook.com/groups/livingoffrentals
Living Off Rentals Website - www.livingoffrentals.com
Living Off Rentals Instagram - www.instagram.com/livingoffrentals
Success, by definition, varies from one person to another.
It can be earning seven-figures of income for another person, while it can be living life without having to work a 9-5 job for some. Whatever success means for one person, it definitely involves a massive level of personal development to be a reality.
In this episode, Patrick Precourt talks about the importance of changing your beliefs to achieve the results you want in life. Needless to say, this episode will benefit you in your business and personal life!
Tune in and be inspired to take action.
Key Takeaways:
[02:13] Patrick’s humble beginnings - his journey to answering the big question why?
[07:08] He elaborates on why we can’t solve a belief problem with a mindset solution.
[16:07] Patrick’s nugget of wisdom for individuals who are struggling to face their fears, take a step forward and move to realize their dreams.
[20:03] How do you change beliefs?
[26:58] Taking the “IM” out of IMpossible to create what’s possible - how to do it?
[29:45] Patrick’s approach to helping individuals figure out their goal or their purpose.
[37:34] What question should people ask themselves to take the next step forward?
[40:48] Balancing the virtue of being grateful for the present but always striving for the best future.
[44:18] What to do when you’re feeling stuck with unsuccessful habits and how to change them.
Guest Resources:Website - https://patrickprecourt.com/
Facebook - https://www.facebook.com/profile.php?id=1338765701
Show Links:Living Off Rentals YouTube Channel - https://www.youtube.com/c/LivingOffRentals
Living Off Rentals Facebook Group - www.facebook.com/groups/livingoffrentals
Living Off Rentals Website - www.livingoffrentals.com
Living Off Rentals Instagram - www.instagram.com/livingoffrentals
This episode of Living Off Rentals is a truly information-packed one. Once again, the podcast has Christian Catron as our guest.
He previously graced the show and discussed how essential forecasting is for real estate investors, and its fundamentals. But, for today’s episode, Christian talks about the accuracy of previously-forecasted trends and current financials.
Plus, he shares his wisdom about valuation and how he increased the value of a single property to over $5 million dollars in a span of two years.
Key Takeaways:
[02:33] A mini catch-up with Christian Catron (for those who were not able to listen to previous episodes).
[04:22] Why was it a smart move to invest even in the midst of the pandemic?
[09:23] The turning point for Christian made him see the property as a high-value asset.
[16:11] An elaboration of how Christian was able to come up with the valuation of the multi-family property.
[19:45] What is AirBNB arbitrage?
[23:30] The factors that affect a bank’s calculation of a property’s valuation.
[29:07] Roadblocks, challenges, and unexpected turns that he encountered during the course of the project.
[33:46] How will Christian approach investing in multi-family properties from here on out?
[44:57] Christian’s thought on interest rates and how they may affect supply and demand.
[54:06] Listen to Christian’s goal and what he plans to achieve in the future.
Guest Resources:
Website - https://www.redeeminvestments.com/
Email - info@redeeminvestments.com
Show Links:
Living Off Rentals YouTube Channel - https://www.youtube.com/c/LivingOffRentals
Living Off Rentals Facebook Group - www.facebook.com/groups/livingoffrentals
Living Off Rentals Website - www.livingoffrentals.com
Living Off Rentals Instagram - www.instagram.com/livingoffrentals
Bombarded with student loans and constant worry about how she and her partner can be financially free, she found her answer in short-term rentals.
In this episode of Living Off Rentals, we get to listen to Dr. Rachel Gainsbrugh. Coming from Haiti, she strived hard to become a doctor. However, rather than just relying on her salary from her 9-5 role as a pharmacist, she leaned into short-term rentals and her business has been thriving ever since.
If you want to learn how she spiraled from owning one vacation property to owning or managing 18 properties, you need to tune in.
Key Takeaways:[02:40] Dr. Rachel Gainsbrugh elaborates on how she came to the conclusion that she may not be a fit for the whole 9-5 thing and how important knowing yourself helps in identifying your endeavors.
[06:35] The story of how she got her first property - who would’ve thought that it would come from a Zillow alert?
[11:16] She discusses the pricing strategy and how she got her first booking on the first property venture she ever made.
[14:00] How did her single vacation property become 18 properties?
[20:45] Following the success of her first property, did she use any pricing metrics or have particular strategies to follow?
[24:49] How was she able to monitor and manage properties from neighboring states?
[31:17] Getting your property featured in one of the most popular streaming platforms
[35:18] She discusses how she transitioned from a 9-5 to becoming a vacation rental property owner.
[42:35] How does Dr. Rachel Gainsbrugh assess risk?
[44:51] She shares her goals and her aspirations of helping others thrive in short-term rentals.
Guest Resources:Facebook Group - https://www.shorttermgems.com/join-our-facebook-group
Show Links:Living Off Rentals YouTube Channel - https://www.youtube.com/c/LivingOffRentals
Living Off Rentals Facebook Group - www.facebook.com/groups/livingoffrentals
Living Off Rentals Website - www.livingoffrentals.com
Living Off Rentals Instagram - www.instagram.com/livingoffrentals
Juggling a day job while managing rental properties may seem overwhelming, or daunting to say the least. But, there are individuals who have figured this out and thrived as a result.
In this episode of Living Off Rentals, Zach Zimmer talks about how he started building his portfolio of rental properties after getting a traditional job right out of college, and how he continues to snowball his income. What’s more, he shares his wisdom for anyone who aspires to earn from the rental income while keeping a 9-5 job.
Key Takeaways:[02:14] Zach shares how he first got into real estate after realizing that the traditional path of graduating from a university to working a 9-5 couldn’t help him achieve financial freedom.
[13:30] Listen as Zach elaborates on how he makes the “rent-to-own” model for real estate success.
[20:47] What is a self-directed IRA?
[29:46] Zach discusses how he combats self-doubt, limiting beliefs, and financial restraints.
[46:08] He weighs on the current state of interest rates and how it might affect pricing for his rental properties.
[51:13] Zach elaborates on how he keeps on growing his income and his tips on staying in a 9-5 job despite having rental properties
Guest Resources:
LinkedIn: linkedin.com/in/zach-zimmer
Show Links:
Living Off Rentals YouTube Channel - https://www.youtube.com/c/LivingOffRentals
Living Off Rentals Facebook Group - www.facebook.com/groups/livingoffrentals
Living Off Rentals Website - www.livingoffrentals.com
Living Off Rentals Instagram - www.instagram.com/livingoffrentals
Saving up for retirement doesn't always mean working double shifts or having other jobs. Sometimes, all you need is knowledge on how to use your retirement funds to build a new source of income - rental properties. In this episode, Brendan Walsh joins me and discusses how you can use your retirement funds as an investment for a rental property.
Stay tuned!
Key Takeaways:
[02:34] Getting to know what Rocket Dollar is and How did Brendan start working with that company?
[06:33] Two types of IRA and how it can affect your desire to start real estate investing.
[10:46] Timeframe of when you'll get access to your IRA funds
[14:45] Brendan discusses the structure of Rocket dollar's services.
[25:22] Does Rocket Dollar provide advisory services? What are factors that may affect a good deal?
[37:15] Is there a secret in choosing properties that will provide massive equity and long-term revenues to you?
[39:36] Brendan elaborates on prohibited transactions and the importance of practicing diligence with IRAs.
Guest Resources:
Website - https://www.rocketdollar.com/
LinkedIn - https://www.linkedin.com/in/brendanmatthewwalsh
Show Links:
Living Off Rentals YouTube Channel - https://www.youtube.com/c/LivingOffRentals
Living Off Rentals Facebook Group - www.facebook.com/groups/livingoffrentals
Living Off Rentals Website - www.livingoffrentals.com
Living Off Rentals Instagram - www.instagram.com/livingoffrentals
Treehouses, who knew, right?
Revolutionizing the land development scene with cabins and treehouses is Sue Hough. She talks about her humble beginnings in the construction business, being a woman in a male-dominated industry, and how she was able to crunch the numbers for optimal profit. She also provides wisdom for individuals who want to learn more about land development and for those who want to dabble in real estate investing.
Tune in to this episode and learn!
Key Takeaways:
[02:07 Sue talks about how she started with her construction business and real estate investing
[04:19] She discusses the twists and turns of her construction business journey
[05:49] Sue elaborates on what’s it like being a woman in an otherwise male-dominated industry and how she thinks of it as an opportunity
[09:55] She laughingly teases how she balances life despite her numerous ventures
[13:35] What parameters does she have or set before selecting land for a project?
[21:20] She shares her perspective about upfront costs and how she manages it
[27:28] How does she crunch the numbers and how does she make tree houses profitable?
[36:39] Sue shares her nuggets of wisdom to anyone who wants to know more about real estate investing and land development.
Guest Resources:
Email and Contact Number:
sue@augustlimited.com
847-630-4566
Show Links:
Living Off Rentals YouTube Channel - https://www.youtube.com/c/LivingOffRentals
Living Off Rentals Facebook Group - www.facebook.com/groups/livingoffrentals
Living Off Rentals Website - www.livingoffrentals.com
Living Off Rentals Instagram - www.instagram.com/livingoffrentals
Real estate investing is identifying opportunities that align with your intentions.
In this hour-long episode of Living Off Rentals, I am joined by Isaac Danon. He shares experiences, stories, and milestones on his journey toward building massive equity and a steady source of cash flow from vacation rentals.
If you want to know how he was able to achieve all of these and learn a few nuggets of wisdom along the way, this episode is perfect for you!
Tune in now.
Key Takeaways:
[02:45] Isaac introduces himself and he shares how he ended up in real estate investing.
[19:40] He emphasizes the importance of being grounded in intention and understanding the foundations of real estate investing to guarantee long-term success.
[27:13] How does Isaac choose a location for vacation rentals?
[32:42] Isaac's cash flow projection involving his AirBNB rental properties
[37:15] Is there a secret to choosing properties that will provide massive equity and long-term revenues to you?
[50:57] Isaac shares how he was able to finance his AirBNB equity.
Guest Resources:Facebook - https://m.facebook.com/isaac.danon.54
Instagram - https://instagram.com/danonisaac
Show Links:Living Off Rentals YouTube Channel - https://www.youtube.com/c/LivingOffRentals
Living Off Rentals Facebook Group - www.facebook.com/groups/livingoffrentals
Living Off Rentals Website - www.livingoffrentals.com
Living Off Rentals Instagram - www.instagram.com/livingoffrentals
Learning is possible when you do it alone. But, if you want to equip yourself with wisdom, learning with a mentor is the way to go. In today’s episode of Living Off Rentals, I am thrilled to have Mark Wilton on the show. He has been a guest for this podcast, not only twice, but three times. The discussion will revolve around his case study, the learnings from his first deal, how he’s progressing now, and his plans for the future.
Sit down, relax and enjoy!
Key Takeaways:
[03:45] He shares his transition from ClickInvest to full-time real estate investing.
[08:40] He elaborates on what areas he's targeting now and looks back on his experience when he closed his first deal.
[14:55] Getting into the details of the case study and its amazing results.
[21:30] How does the art of pricing short-term rentals affect feasibility and booking quality.
[27:35] What it’s like to get into business as a couple?
[31:48] He discusses the most significant differences between his first and second deal.
[36:59 Mark shares the biggest lesson he learned through the course of his deals.
[42:07] His cash flow projection and future plans when it comes to short-term real estate investing.
Show Links:
- Airbnb Listing - airbnb.com/h/wildernessescapes
- Mark Wilton - https://www.linkedin.com/in/mark-wilton-87371929/
- Living Off Rentals YouTube Channel - https://www.youtube.com/c/LivingOffRentals
- Living Off Rentals Facebook Group - www.facebook.com/groups/livingoffrentals
- Living Off Rentals Website - www.livingoffrentals.com
- Living Off Rentals Instagram - www.instagram.com/livingoffrentals
Don’t make excuses. Make adjustments.
Who would’ve thought that an island boy like Charles Rose would make it to the United States, finish his degree and achieve his dream of financial stability? Despite the challenges and lack of resources, he now lives a fulfilling life as an engineer while experiencing financial freedom from his rental properties.
In this 1-hour long episode, I sit down drinking rum and coke with Charles Rose as I venture about his career as an engineer, his life in the Bahamas, how he nearly gave up, and his advice to those who want to dabble in rental properties despite working a 9-5.
Enjoy!
Key Takeaways:
[04:00] Risking everything with a one-way airplane ticket to achieve his dreams of becoming a civil engineer.
[06:25] Charles shares how he finished university without a debt to his name.
[09:57] He discusses life after university, how he got started with real estate investing, and how coaching with Dustin Heiner steered him to the right path.
[17:01] How he was able to finance properties and the application of the 70% rule.
[21:45] Charles identified the deals he chose and how patience helped him through times when he felt like giving up.
[31:55] What was his progression of deals look like?
[35:32] How he learned private cash investing, his pitch and how he pays it forward by teaching others this practice tip.
[48:28] The value of choosing quality deals, how being patient helped, and the importance of his wife’s support to the ultimate dream.
[53:50] What is the cash flow model?
[56:05] the exit plan
[01:00:02] full time job - 14 properties. Don't make excuses, make adjustments
Links
No Money Down - https://www.amazon.com/Book-Investing-Real-Estate-Money/dp/0990711714
Journey to Success - https://www.amazon.com/Journey-Success-Defy-Realize-Dreams/dp/0692773614/ref=mp_s_a_1_3?keywords=journey+to+success&qid=1566994424&s=gateway&sprefix=journey+to+su&sr=8-3
Instagram - https://www.instagram.com/charlesrosejr/
Facebook - https://www.facebook.com/charleslrosejr
LinkedIn - https://www.linkedin.com/in/charlesrosejr/
Email - charles@roserentalhomes.com
Email - charles@massivepassiveincome.com
Living Off Rentals YouTube Channel - https://www.youtube.com/c/LivingOffRentals
Living Off Rentals Facebook Group - www.facebook.com/groups/livingoffrentals
Living Off Rentals Website - www.livingoffrentals.com
Living Off Rentals Instagram - www.instagram.com/livingoffrentals
A skyscraper is only a house built on top of a lot of stacked houses.
When it comes to real estate, there’s no such thing as a small deal or a big one, the only thing that matters is your dedication to see the deal through!
In this episode of Living Off Rentals, I got to speak with the award-winning author, Ken Van Liew about his humble beginnings, his struggles during the earliest days of his career, and his book, “The Modern Wealth Building Formula.”
If you want to learn more about what it takes to become successful in the field of real estate, this episode will truly bring delight to you. Tune in and be inspired!
Key Takeaways:
[02:34] Ken starts off by sharing his background, his initial aspiration to be an engineer, and how he ended up in real estate.
[04:40] He discusses what his first deals were and his realizations during those early days.
[07:28] The value of creating systems in place to effectively navigate through complexities in various projects.
[09:40] What is it you need, coming in each week to make you happy?
[11:50] The biggest lesson Ken learned from an economic crisis like the 2008 recession
[19:15] The premise of Ken’s book - “The Modern Wealth Building Formula” and the reason why he wrote it.
[21:50] Ken lists down the best first steps to take for those who are looking to start in real estate.
[25:48] What’s an ideal deal for him?
[29:03] What are Ken’s personal models and philosophies that sets him up for success?
[32:04] The motivation behind his actions.
Links:
Guest Speaker Website: https://kenvanliew.com/
Modern Wealth Building Formula: https://my.kenvanliew.com/freebook
11 Millionaire Secrets: https://www.audible.com/pd/11-Millionaire-Secrets-with-Ken-Van-Liew-Podcast/B09RH47SQ9
Living Off Rentals YouTube Channel - https://www.youtube.com/c/LivingOffRentals
Living Off Rentals Facebook Group - www.facebook.com/groups/livingoffrentals
Living Off Rentals Website - www.livingoffrentals.com
Living Off Rentals Instagram - www.instagram.com/livingoffrentals
Is it possible to create wealth without racking up extra hours of work?
Turns out, it is possible!
In this episode of Living Off Rentals, Yonah Weiss joins me to discuss one of the best strategies for maximizing cash flow – cost segregation.
He shares how his passion for education led him to the discovery of cost segregation, its benefits, its application, and how it can help real estate investors to gain more wealth without the need for doing or earning more.
Tune in to this episode and learn how you can optimize your cash flow with any rental properties you have and more!
Key Takeaways:
[02:00] Yonah shares a brief background about himself, his passion for education, and how he found himself in real estate investing.
[04:35] He shares how he discovered the amazing impact of cost segregation and his aim of teaching real estate investors the benefits of its application.
[06:00] Yonah attributed his knowledge to cost segregation experts and how this strategy is an underrated tax tool.
[08:30] What is cost segregation?
[15:33] The basic application of cost segregation for rental properties
[27:29] Understanding the impact of depreciation recapture tax.
[29:38] Yonah’s personal take on the best type of rental properties to invest in.
[31:48] Is cost segregation applicable for passive income on rental properties?
[34:20] Everything you need to know before undergoing cost segregation on your rental properties
[35:25] Yonah offers free analysis and how it can help you decide on cost segregation
Resources:
- Guest Speaker Website: https://www.yonahweiss.com/
- Business Website: https://www.madisonspecs.com/
- Podcast Website: https://www.yonahweiss.com/podcast
- LinkedIn: https://www.linkedin.com/in/cost-segregation-yonah-weiss/
Links:
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Living Off Rentals YouTube Channel - https://www.youtube.com/c/LivingOffRentals
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Living Off Rentals Facebook Group - www.facebook.com/groups/livingoffrentals
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Living Off Rentals Website - www.livingoffrentals.com
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Living Off Rentals Instagram - www.instagram.com/livingoffrentals
Partnership in a real estate investing business? No problem!
In this hour-long episode of Living Off Rentals, I am joined by Andrew Dorazio and John (JD) Modrak! They are both US Army Veterans who I happen to meet by chance.
Andrew has been a guest of this show while JC graces us for the first time. This episode will make you learn more about their humble beginnings, their inspiration, their strengths and weaknesses and how they built a partnership based on their newfound passion, real estate investing.
Stop, take a seat and listen. This episode will surely make you want to learn more!
Key Takeaways:[03:35] Andrew introduces himself and he shares how the book, "Rich Dad, Poor Dad" inspired him to build wealth through passive income.
[06:35] JD introduces himself, he emphasizes that you don't need to be a certain age to build wealth, his discovery of a passion for short-term rentals and Kasa.com.
[14:50] Andrew and JD discuss how they found success in their business partnership.
[22:35] Andrew provides valuable insight for individuals who want to leave their 9-5 job and pursue real estate investing.
[30:15] JD discusses how short-term rentals for multi-family work.
[42:46] Navigating through the pandemic, leaning towards the advantages of remote set-up for property management.
[50:10] JD shares the process for booking rentals on Kasa.com and its amazing automation.
[55:07] Andrew and JD share a piece of advice they wished they learned before starting to invest in rental properties.
Resources:Guest Speaker Website (Partnership): https://www.bcgrealestategroup.com/
Guest Speaker Website (JD Modrak): https://kasa.com/
Rich Dad, Poor Dad Book: https://www.amazon.com/Rich-Dad-Poor-Teach-Middle/dp/1612680194
Achieving financial freedom isn’t a one-time goal. It’s a continuous quest in making you, your family, and your loved ones’ lives better. In this episode of Living Off Rentals, joining me on the show is Erin Helle! She is a US Army Veteran, an Army wife, a mom of two, and an investor. In her first two years as a real estate investor, she acquired $2 million in real estate assets.
Erin shares how her goal of achieving financial freedom led her to the discovery of real estate investing. At the same time, she talks about the importance of understanding what you want to experience in life to build a profitable and sustainable future.
Tune in, be inspired, and take action to achieve your definition of financial freedom!
Key Takeaways:[03:23] Erin introduces herself, her military life, and how she transitioned to real estate
[06:42] She defines what financial freedom means to her and how she built it from scratch
[18:43] Transitioning from flipping properties to turnkey rentals
[31:34] She discusses the process of finding profitable deals
[36:30] The most common problems for clients who undergo Erin’s coaching
[39:07] Erin shares how real estate investment helped one of her clients
Resources:Guest Speaker Website: https://erinhelle.teachable.com/
Links:Living Off Rentals YouTube Channel - https://www.youtube.com/c/LivingOffRentals
Living Off Rentals Facebook Group - www.facebook.com/groups/livingoffrentals
Living Off Rentals Website - www.livingoffrentals.com
Living Off Rentals Instagram - www.instagram.com/livingoffrentals
Airbnb has been a revolutionary tactic in the world of the short-term rental industry. Aside from renting out your property, you can also sell items that will not only make you money but a five-star host as well.
In this episode of Living Off Rentals, joining me on the show is Annie Sloan, a former HGTV producer. Annie is the co-founder and CEO of TheHost.Co. She is also the former creative director of Facebook and Twitter.
Annie shares how providing guests’ needs makes your short-term rental shoppable and bankable.
Listen closely to learn more about increasing host revenue!
Key Takeaways
[02:14] She shares what life is like working as a producer on HGTV
[06:15] How Annie discovered a whole new industry while hosting an AirBNB
[08:21] Walking through the process of creating an online store where AirBNB guests can purchase from
[15:30] Identifying the fine line between what hosts must provide and what can they sell
[19:20] Protecting your property or items inside your Airbnb
[21:36] The secret to profitable transactions that have nothing to do with location
[29:46] Annie's hot take regarding the trajectory of short-term rentals in the midst of a pandemic
Links:
Learn more from the website - https://www.thehost.co/
Annie’s LinkedIn - https://www.linkedin.com/in/anniesloan/
Living Off Rentals YouTube Channel - https://www.youtube.com/c/LivingOffRentals
Living Off Rentals Facebook Group - www.facebook.com/groups/livingoffrentals
Living Off Rentals Website - www.livingoffrentals.com
Living Off Rentals Instagram - www.instagram.com/livingoffrentals
Compact living has been the trend in recent years, and with the pandemic, it amplified this new investment opportunity: RV rentals.
In this episode of Living Off Rentals, joining me on the show is Robert Leonard, a certified management accountant. Robert is an accounting and finance professional with an immense passion for stock and real estate investing business, and entrepreneurship. He’s also the host of the Millennial Investing podcast, which covers the basics of investing and provides financial advice for investors up to their late 30s.
Robert shares how renting out RVs can be a short-term investment strategy that brings huge cash flow.
Listen closely to learn more about investing in RV rentals!
Key Takeaways
[02:17] Started real estate by accident at 26
[06:08] How Robert landed on his current property rental strategy
[14:32] What lead to investing in RV rentals
[20:50] Property management for RVs
[26:23] RV rental in the middle of the pandemic
[32:46] Lessons from guests on Robert’s podcast
Links
Learn more from his website - https://realestateinvestingwideopen.com/
Millennial Investing Podcast - https://www.theinvestorspodcast.com/millennial-investing/
Robert’s Instagram - https://www.instagram.com/therobertleonard
Living Off Rentals YouTube Channel - https://www.youtube.com/c/LivingOffRentals
Living Off Rentals Facebook Group - www.facebook.com/groups/livingoffrentals
Living Off Rentals Website - www.livingoffrentals.com
Living Off Rentals Instagram - www.instagram.com/livingoffrentals
Taxes affect everyone, including rental property investors. While it adds to the list of things they have to think about, if understood and planned properly, the tax code can work in your favor.
Joining Kirby for this episode of Living Off Rentals is Michael Leonard, a CPA who is also a licensed mortgage broker. He is the owner and managing partner of Leonard & Associates, which is a firm that specializes in tax planning, filing, and bookkeeping.
Michael explains why a bookkeeper comes in handy for rental property investors. He also shares best practices to simplify handling your taxes, taking advantage of the benefits brought by bonus depreciation, and more. Tune in to learn how to make your taxes work for you and not against you, so it’s one less thing to worry about.
Key Takeaways[01:01] Michael’s journey to becoming an accountant and how he stumbled upon real estate
[09:27] What are the most important things for a rental property investor, and should they have a bookkeeper?
[12:04] Best practices on handling taxes in the most efficient way to get the upper hand
[16:17] Big benefits of bonus depreciation for rental property investors
[23:18] Advice on entity selection: put it under an LLC, not your name
[25:22] The approach on paying yourself as the business owner
[33:27] Tips you can do to reduce your tax burden
LinksLeonard & Associates - https://leonard-cpas.com/
Living Off Rentals YouTube Channel - https://www.youtube.com/c/LivingOffRentals
Living Off Rentals Facebook Group - www.facebook.com/groups/livingoffrentals
Living Off Rentals Website - www.livingoffrentals.com
Living Off Rentals Instagram - www.instagram.com/livingoffrentals
Modern technology has paved the way for better predictions, especially in the world of finance. With data analytics, improved decisions can be made when looking for properties to invest in. In this episode of Living Off Rentals, joining me on the show is Stefan Tsvetkov, a former financial engineer. He applied his finance industry background to the multifamily real estate space, leading him to establish RealtyQuant. This company brings data-driven and quantitative techniques to the real estate industry. Stefan shares how data can be used in real estate investing through his strategies. He also explains how having a decision based on data can give better results and more chances to succeed.
Tune in to learn how to make better, more efficient, data-driven decisions to get the best deals and make the most of your investment.
Key Takeaways
[02:45] How to use data analytics for better real estate decisions
[10:39] Strategies to pinpoint inefficiencies and opportunities in specific markets
[19:18] Where the best opportunities are, as of the moment
[32:30] How to decipher other factors
[46:10] Data analytics with RealtyQuant
Links
RealtyQuant Website - www.realtyquant.com
Stefan’s Linkedin - https://www.linkedin.com/in/stefantsvetkov/
Living Off Rentals YouTube Channel - https://www.youtube.com/c/LivingOffRentals
Living Off Rentals Facebook Group - www.facebook.com/groups/livingoffrentals
Living Off Rentals Website - www.livingoffrentals.com
Living Off Rentals Instagram - www.instagram.com/livingoffrentals
We have a multi-family investor, syndicator, and entrepreneur sharing the gist of his 15-year career in real estate. He managed large operational budgets, led operations in enterprise IT, and eventually founded Realty Dynamics.
Our guest lived quite a different life before making this career shift. Breaking out of the corporate matrix and re-engineering your life takes a lot of willpower and commitment. Agostino Pintus gives us nuggets of advice on how the 40-hour workweek may be keeping people from living to their fullest.
He tells us how he escaped the cycle of dreading Mondays and praying for Fridays to come. Listen in to find out how he continued his pursuit of financial freedom and overcame the problems with this journey.
Key Takeaways:[1:32] Agostino, who is of Italian descent, dedicated his career to the corporate tech industry, and eventually, out of his realizations, he transitioned to real estate.
[5:43] He had already started on single-family houses but stopped due to life circumstances. All the while, he noticed his real estate portfolio was still giving him returns, so he committed to pursuing investing in multi-family properties while trying to secure another job.
[10:02] He gradually built his real estate businesses in partnership with developers and now has his fourth business that gives aid to single-families in getting their homes.
[14:27] Agostino trained as if his life depended on it. He acquired skills in deal-making and getting sharp on how to raise money.
[20:13] He likens his real estate career to his aspiration to become a pilot. He developed a healthy obsession for both to pre-master the craft before executing it.
[23:31] He discusses the midwest markets and how every need has a deal. He also elaborates on making solid partnerships. He highlights how minor things will tell you what kind of people they are.
[32:30] There are lots of different kinds of plans in real estate. Agostino encourages focusing on one and committing to it 100% to get out of toxic cycles.
[41:28] Agostino believes that the primary education one experiences limit the capabilities and opportunities one can get. That is why it is essential to observe the bigger picture of one's career and life in general.
LinksAgostino Pintus’ LinkedIn - https://www.linkedin.com/in/agostinopintus/
BulletProof Cash Flow Podcast - https://bulletproofcashflow.com/
BulletProof Cash Flow Podcast Instagram - https://www.instagram.com/bulletproofcashflow
Realty Dynamics - http://www.realty-dynamics.com/
Living Off Rentals YouTube Channel - https://www.youtube.com/c/LivingOffRentals
Living Off Rentals Facebook Group - www.facebook.com/groups/livingoffrentals
Living Off Rentals Website - www.livingoffrentals.com
Living Off Rentals Instagram - www.instagram.com/livingoffrentals
If you want a play by play of how to create massive transformation in your life, then Whitney Sewell is the person to follow. He is a former military veteran, police officer, and current CEO of Life Bridge Capital.
Keen on his faith and relationships, he founded Life Bridge Capital, LLC, and The Life Bridge Foundation. He also hosts a long-running podcast called Real Estate Syndication Show. Life Bridge Capital is a multi-family real estate investment firm focused on investing in top value add investments and providing excellent ROI’s to their investors. He is also passionate about supporting couples going through the adoption process, which he and his wife are very familiar with.
In this episode he moves us with the story of how he built his empire from the ground up. Whitney shares the experiences that led him to where he is now. He recalls vividly the struggles that he faced as he was starting out in real estate while simultaneously growing his family. Whitney fills us in on the relationships that have strengthened the evolution of his company. Tune in to learn more about his philosophy as the owner of a real estate business that incredibly manages 900 doors and $300 Million worth of assets.
Key Takeaways:[1:45] Whitney talks about his service in the army and the kind of mentality he had upon leaving.
[6:43] He shares how he juggled family life and started up a business. He also highlighted his experience as a professional horse trainer, which he eventually gave up to pursue real estate full-time.
[12:24] He talks about his encounters with the podcast business and his advocacy for aid in adoption.
[15:01] People are said to see something others are passionate about rather than just looking at their motive for financial gain. Being part of something bigger than just getting checks made work so much more fulfilling for him and his team.
[18:54] Commercial real estate property and the syndication business stretched him out of his comfort zone. He assured that it is not always necessary to start with single-family homes when entering this business.
[21:05] Getting a team meant knowing what he was also good at and finding the people who could fill the void and push towards the same goal. He also emphasized the importance of a support system in this endeavor.
[23:42] His criteria for a partner included an agreement on faith, family, and compatibility of skill sets.
[29:05] He discusses how building those crucial relationships and engaging with projects that are preferably already cash-flowing - He talked about their preparation for projects that could possibly produce great returns.
[39:18] Currently he makes the most of his schedule while still being able to be in the company of high-earning networks.
[41:25] It all starts with a mindset to defeat those limiting beliefs that are holding you back.
[43:12] Being proactive, especially early on in the day sets a person up for success
[44:18] Whitney compares his initial goals from when he was still starting out to what was achieved eventually.
LinksWhitney Sewell’s Linked In - https://www.linkedin.com/in/whitney-sewell/
The Life Bridge Capital, LLC - https://lifebridgecapital.com/
Whitney Sewell’s e-mail - whitney@lifebridgecapital.com
Whitney Sewell’s contact number - (540) 585 4338
Living Off Rentals YouTube Channel - https://www.youtube.com/c/LivingOffRentals
Living Off Rentals Facebook Group - www.facebook.com/groups/livingoffrentals
Living Off Rentals Website - www.livingoffrentals.com
Living Off Rentals Instagram - www.instagram.com/livingoffrentals
Joining us in this episode is an international short-term safety rental expert. He created the first vacation rental safety checklist for the vacation rental industry as the VP of the Vacation Rental Professionals of Maine and is the director of Breezeway’s safety compliance programs.
Justin Ford enlightens us about the vacation rental industry’s real-life hazards and his advocacy for safety and insurance. Integrating 13 years in the vacation rental industry as a Property Manager, 15 years as a firefighter, and 4 years in the US Coast Guard into one proponent career of risk prevention and rental expertise. He has presented to over 20 organizations worldwide and has been a consultant for the Expedia group.
This discussion on safety in rentals reveals how vacation rentals are not just like any other business. There is more to be liable for than just the general public’s stay on your property. Our guest walks us through the proper protocols and precautions to ensure the renter’s wellbeing. We’re given a heads up on the prospects of non-legal danger and how to mitigate it with the correct measures. Listen on in to find out what you can do to eliminate the risks during the commercial activity of a vacation rental stay.
Key Takeaways:[1:50] His background in beginning his career and giving back by joining the local fire department.
[4:15] The significant turning point from being in the vacation rental business to safety
[7:16] Justin’s analysis on the laws and reconciling it into a more accessible mandate people can set for themselves through his programs.
[10:31] Creating a standard that hasn't been done yet with perspective from the government and insurance companies as well.
[14:19] Getting compensation for accidents is difficult when there's negligence involved.
[16:41] A lawsuit may hold numerous people liable and getting out of it guarantees a large number of fees
[20:54] You have people from the general public engaging in commercial activity by paying property owners and taxes to the government to be able to stay in the rentals
[32:46] He highlights the whole spectrum in which owners offer their rentals but don't consider safety.
[35:14] When providing amenities or gear, ask suppliers how much they pay in insurance. Rental companies have people signing waivers; thus, one should have a very good inspection program in place.
[39:51]It is not a matter of if it happens, but when it happens. Short-term rentals are the most dangerous sector of the hospitality industry.
Links:
Safety in Breezeway - safety@Breezeway.io
Justin Ford's Linked In - https://www.linkedin.com/in/rentalsafety
Living Off Rentals YouTube Channel - https://www.youtube.com/c/LivingOffRentals
Living Off Rentals Facebook Group - www.facebook.com/groups/livingoffrentals
Living Off Rentals Website - www.livingoffrentals.com
Living Off Rentals Instagram - www.instagram.com/livingoffrentals
Being able to stretch prices entails a lot of experience and knowledge in the market of vacation rentals. Mitigating the risk when you know the market response well is key in getting ahead of your STR competition.
In this episode of Living off Rentals, we have vacation rental investor and coach, Alanna Schroeder, who was able to merge her expertise in hospitality and real estate. She is the founder of the Distinguished Guest and also offers courses in creating your own vacation rentals. She supports independent hospitality providers with data, advice, and inspiration for their business.
Alanna shares her strategies for setting competitive rates for her rentals. She also gives insightful advice on how to maintain your rentals in good condition with quality facilities and allied third-party providers.
Join us in this savvy discussion on how to set a vacation rental up for success and get the most gains from your market.
Key Takeaways:[1:48] How Alanna transitioned from hospitality to real estate and eventually specialized in commercial real estate
[9:26] On what she learned from commercial real estate and how she got comfortable around it considering working with large institutions
[14:54] Hiring a third-party provider to inspect for safety and provide insurance
[19:15] Alanna shares her goal in life and her family and how to protect it for the future
[21:06] She pitches the modern hospitality guide that gives heavy detail on how to set up your vacation rental with checklists on operations
[26:08] On getting more credibility from institutional investors
[27:49] investors from established institutions make the property more valuable
[32:37] The essence of constantly maintaining the rentals, changing the setup, having good training for your staff, and refurbishing
[35:43] One must anticipate possible challenges and have refined attention to detail
[40:24] The use of Price Labs and having a simple system that monitors seasonal demands
Links:
The Distinguished Guest - https://thedistinguishedguest.com/about/
Living Off Rentals YouTube Channel - https://www.youtube.com/c/LivingOffRentals
Living Off Rentals Facebook Group - www.facebook.com/groups/livingoffrentals
Living Off Rentals Website - www.livingoffrentals.com
Living Off Rentals Instagram - www.instagram.com/livingoffrentals
Managing your rental properties without really going there is possible. How?
Today's guest is Tim Hubbard, a successful real estate investor and guru. Tim's interest in real estate started when he was only 16 by his friend's uncle, who was in real estate. The way Tim sees it, it always seemed like he had a lot of freedom and everything. Tim always wanted to be able to travel and just live freely and thought he could do that through real estate.
He got good experience in real estate as a commercial broker in Northern California, working with investors in multifamily properties, commercial properties, and shopping centers. Realizing how much quicker he could grow his portfolio with the incomes from short-term rentals, Tim switched his focus. He started looking for properties that would specifically work for short-term rentals and allow him to scale a lot quicker. Tim got the best results afterward.
Tim is now living in Columbia while managing his rental business here in the US. If you're wondering how he does that, then listen to this podcast as he shares his big success story of leveraging his business through short-term rentals and his automation process to run his business remotely while enjoying the life of his dreams.
Key Takeaways:[01:51] Tim’s background and what drew him to get into a rental property
[04:24] Inside the automation process in running his rental business
[08:43] His progress from long-term rentals to short-term rentals
[14:04] Finding a bank to refinance his huge deals
[16:31] What marketing strategies he employ to sell his rental properties
[18:52] His approach to scaling his business
[20:50] The biggest difference between investing in and outside the US
[25:46] What does he look for when evaluating a deal
[27:58] Percentage of bookings: Direct booking vs. OTA sites
[32:44] The scariest incidents and what safety measures are they doing
[39:42] How does he approach rental property rules and the regulations
[43:01] Overview on “The Rest Method”
Links:The Rest Method https://restmethods.com/
Living Off Rentals YouTube Channel - https://www.youtube.com/c/LivingOffRentals
Living Off Rentals Facebook Group - www.facebook.com/groups/livingoffrentals
Living Off Rentals Website - www.livingoffrentals.com
Living Off Rentals Instagram - www.instagram.com/livingoffrentals
One of the biggest mistakes of business owners is avoiding the financial aspect of their business. It may be because it's scary and intimidating. Or perhaps they don't have enough training on managing their finances. That leaves them having that one big melting pot where everything goes in, and it's very easy to spend everything inside there with no goals, clarity, or control over their decisions. When you make money, it's natural to feel the need to reward yourself for your hard work, and that's perfectly ok. What's not ok is unknowingly spending almost the same amount of what you're earning, and you end up feeling like your business is not benefiting you after all. Seeing your business growing but not knowing where the money is going is a big question. It should be an eye-opener. How are you managing your money? Do you make a regular financial check in your business? If so, what does the number tell you? In today's episode, David Richter talks about understanding the power of finances in his business. Listen as he shares his secrets to finding clarity in numbers to keep up with cash flow management in business and be in control of your finances. He also discusses the secret to creating a more profitable system while also balancing how much you should be paying yourself from your business.
Key Takeaways:[04:06] David’s background in real estate investing road to the Profit First world
[06:07] Getting clarity about numbers
[09:50] Shifting the focus on the income statement
[13:11] How to you make profitable habit inside your business: The golden trio
[19:33] Setting up your financial system can help you make better decisions
[23:01] Bigger is not always better
[29:49] How much should you actually take from your bank
[35:14] The PRU exercise and expense analysis
[40:18] How to discuss the Profit First system with your personal accountant
[45:57] How to handle loans: The OPM account
[48:54] David’s advice on money management
Links:Profit First for Real Estate Investing - https://simplecfosolutions.com/profit-first-david-richter/
Living Off Rentals YouTube Channel - https://www.youtube.com/c/LivingOffRentals
Living Off Rentals Facebook Group - www.facebook.com/groups/livingoffrentals
Living Off Rentals Website - www.livingoffrentals.com
Living Off Rentals Instagram - www.instagram.com/livingoffrentals
Today's guest is Dustin Heiner, a successful real estate investor, host of two very successful podcasts, and author of several books on rental properties.
Dustin once worked in the county government in California. At the time, there had been some rumors that there could potentially be layoffs due to budget cuts. He'dvbeen there for 14 years, so he just dismissed the possibility of him getting laid off.
Little did he know that the day his boss called him into his office, he would lose his job just like that. Imagine your shock if, after years of service in the government, you were suddenly fired.
Dustin realized one thing once he got out of the cycle of a 9 to 5: nothing is permanent in this world. From then on, he vowed that he would never again get confronted with the possibility of losing a job and worrying about his family's future.
So, Dustin set his mind on building his own business. He is now generating passive income from rental properties and living his dream life while mentoring others on becoming successful real estate investors.
In today's episode, Dustin shares how he did this and goes over the details on what necessary steps you can take if you're interested in doing something similar.
Key Takeaways:[01:12] Dustin’s background: what brought him into real estate
[06:06] The important realizations in his life after losing his job in the county
[12:07] On when should one decide to quit their 9 to 5
[15:23] The steps he took to build his rental business
[20:05] His mindset about delayed gratification
[23:48] On the different markets he’s invested in to scale his business
[28:18] What constitutes a deal?
[31:13] His advice on finding good property managers
[39:21] How does he teach his kids about money and investing
[43:25] Dustin’s perspective about going to college
[47:09] How his goals evolved over time and the new goals he’s working on
[50:36] Focusing on helping more people get started with real estate
DUSTIN IS HOSTING THE REAL ESTATE WEALTH BUILDERS CONFERENCE MARCH 10TH-12TH! I'm speaking at #REWBCON22! You NEED to be there in person. Real estate investing is better when you have a community of other investors around you and that is what REWBCON is all about. Hang out with me and 27 other expert investors who will show you how to be successful in investing in real estate just like us! REWBCON will be March 11-12 in Phoenix AZ. Don't miss the Closing Fiesta where we will all be partying together and making lasting relationships with other terrific investors. Use Promo code: Kirby
Links:
Master Passive Income Podcast https://www.masterpassiveincome.com/podcast
Successfully Unemployed Podcast https://successfullyunemployed.co/podcast
Get a FREE real estate investing course by sending RENTAL to 33777 or clicking this link: https://www.masterpassiveincome.com/freecourse
Living Off Rentals YouTube Channel - https://www.youtube.com/c/LivingOffRentals
Living Off Rentals Facebook Group - www.facebook.com/groups/livingoffrentals
Living Off Rentals Website - www.livingoffrentals.com
Living Off Rentals Instagram - www.instagram.com/livingoffrentals
Have you ever wondered what it would take to go from homelessness to becoming a successful real estate investor? It’s nothing more than the drive to become financially independent and the willingness to apply the strategies you learned.
In today’s episode, Greg Gaudet has a great story to tell about how he went from being a homeless heroin addict to a financially free rental investor. Greg’s father was a real estate developer and worked for a big corporate carnival hotels and casinos company. He lived a picture-perfect childhood, but his life slowly spiraled down when his dad passed away from pancreatic cancer. Greg was only 14 and had trouble dealing with the loss. He’s gone through the worst: getting in trouble, doing bad things, drinking, experimenting with drugs, and almost ending his life.
Fast forward…Greg found his way back to life and made it his mission to take action and turn his life around. That’s also where getting into real estate helped him make a breakthrough and transform his life big time!
Indeed, there is nothing we love more than rags-to-riches stories, and Greg’s struggle from being homeless to real estate investing and now enjoying his dream life in Maui is really inspiring and relatable. Join the conversation as Greg shares his journey and his secrets to getting his life back, and what part real estate has to play in his big comeback.
Key Takeaways:02:39 Greg’s background: rebellion in the lowest period of his life
10:53 The turning point to escape the grip of addiction
18:27 Building his career and eventually transitioning to real estate
22:09 On how he took the leap in real estate investing
27:51 The steps he took to finally own a rental property…and others more
36:07 An insider on Greg’s partnership with Brandon Turner of “BiggerPockets”
41:41 Owning 11 rental units and doing flips and wholesale with a new partner
50:29 Greg’s secret process to saving 60% from his income over the years
Links:Maui Home Buyers on Instagram https://www.instagram.com/mauihomebuyers/
Maui Home Buyers on Facebook https://www.facebook.com/mauihomebuyers
Maui Home Buyers
www.mauihomebuyers.com/
Greg Gaudet’s email greg@mauihomebuyers.com
Living Off Rentals YouTube Channel - https://www.youtube.com/c/LivingOffRentals
Living Off Rentals Facebook Group - www.facebook.com/groups/livingoffrentals
Living Off Rentals Website - www.livingoffrentals.com
Living Off Rentals Instagram - www.instagram.com/livingoffrentals
Joining me on the podcast today is the one and only Robert Kiyosaki, the author of "Rich Dad, Poor Dad," the most popular real estate investing book, and the number one personal finance book of all time. The book is sold in many languages and countries around the world. Robert is also a fellow military veteran. I had an instant connection with Robert the moment I read through the concepts in his book, and it totally opened up my eyes to the real estate investing world. The same is true with the majority of the last 100 guests that I've had on this podcast who pointed to "Rich Dad, Poor Dad" as the impetus for getting started. In this episode, Robert shares his journey from serving the military to becoming a prominent real estate investor and author. Robert also offers his perspective on the current real estate market and where things are heading. So, if you want to amp up your own rental property investing, this episode is for you!
[04:57] What is it about "Rich Dad, Poor Dad" that it is the number one personal finance book
[10:35] Robert's journey before and after serving in the military
[14:12] The biggest lesson he learned serving in Vietnam that helped him later on in his investing career
[17:10] What's the impact that Robert want to have by writing his book
[21:15] His take on the new bill limiting self-directed IRA investing
[22:52] Robert's insights on what is the right mix for people to be in the perfect portfolio based on all that's going on and with the economic environment
[25:53] Why Robert became a real estate investor
[32:26] Robert's tips to becoming crash proof in real estate
[38:55] On what Robert would do with the knowledge he has given that he's starting over from scratch
[44:01] Takeaways on Robert's new book, "Capitalist Manifesto: How Entrepreneurs Can Save Capitalism."
Links:Rich Dad Poor Dad - https://www.amazon.com/Rich-Dad-Poor-Teach-Middle-ebook/dp/B0175P82RA
Capitalist Manifesto: How Entrepreneurs Can Save Capitalism - https://www.richdad.com/capitalist-manifesto
Robert Kiyosaki Instagram - https://www.instagram.com/therealkiyosaki/?hl=en
Robert Kiyosaki Facebook - https://www.facebook.com/RobertKiyosaki
Living Off Rentals YouTube Channel - https://www.youtube.com/channel/UCRpWXe2mWqBm5vvbO2R2AdA?sub_confirmation=1
Living Off Rentals Facebook Group - www.facebook.com/groups/livingoffrentals
Living Off Rentals Website - www.livingoffrentals.com
Living Off Rentals Instagram - www.instagram.com/livingoffrentals
Joining me on the podcast today is Amy Mahjoory. Amy is a long-time friend that I met through a real estate education program called Fortune Builders.
She signed up for the Fortune Builders program back in 2012, but she didn’t do anything with it until 2014. She was still working for Dell at the time and decided to flip two properties to make some extra cash as a side hustle while trying to get her dream job with Nike. Surprisingly, things started to snowball, and she ended up buying, renovating, and selling ten properties in her first year…and genuinely fell in love with the business.
Guess what happened next? In 2015, Amy became a full-time real estate investor! How awesome is that?
In this episode, Amy shares how she started her incredible journey to financial freedom through real estate that changed her life from working for someone else, trying to climb the corporate ladder, to becoming her own boss in the industry. She’s now rocking the real estate world helping thousands of real estate investors all over the country raise private money for their businesses.
Key Takeaways:
02:03 An overview of Amy’s real estate journey
04:33 On helping other investors raise capital
05:54 How she transitioned to a new market outside Chicago
07:09 Where to focus on when you're just getting started in real estate
09:45 On eventually recognizing she’s really good at the raising money aspect
12:45 A walkthrough on her program on how to line up private money
18:58 Why buy one rental property a year when you can buy one a month, three a month, or five a month
23:22 What’s her take on where things are heading with real estate
27:08 On starting small when you’re brand new to real estate
29:19 Her best advice to those who are just getting started in the real estate space
Links:
Raising Private Money - https://amymahjoory.com/
Amy Mahjoory Instagram - https://www.instagram.com/amymahjoory/
Living Off Rentals YouTube Channel - https://www.youtube.com/channel/UCRpWXe2mWqBm5vvbO2R2AdA?sub_confirmation=1
Living Off Rentals Facebook Group - www.facebook.com/groups/livingoffrentals
Living Off Rentals Website - www.livingoffrentals.com
Living Off Rentals Instagram - www.instagram.com/livingoffrentals
In this episode, we got with us the co-founder of the property management software, Avail(.co). It is a platform built specifically for DIY Landlords. It guides, educates, and supports lessors to a more confident and professional business.
Here to join me is Laurence Jankelow. He has demonstrated work in the real estate industry and the world of finance. Laurence dedicated 4 years of learning code to kickstart Avail(.co). 5 years after officially launching, Avail(.co) has helped over 300,000 landlords in responsibly managing their properties.
In this talk, Laurence spills the secrets on how to select and keep better tenants. This episode highlights how Avail(.co) came to be and how they’ve grown. He also shares their user-friendly optimizations on the web app. He walks us through the process from finding to screening to keeping the right tenants. Laurence gives us insight into how landlords can make the most out of their property investments by connecting with the right tenants.
Key Takeaways
[2:43] Laurence discuss the foundation of finding the right landlords as clients
[5:08] He sites the places you can syndicate this market at and be able to generate leads
[6:04] On the launch of Avail.co and how it works
[7:24] Related platforms that boost productivity
[12:16] He emphasizes the importance of training the client
[16:59] Laurence explains why happy tenants make happy landlords
[18:39] On eliminating most of the landlords’ issues on the operation
[20:11] The criteria needed to be set up for efficiency
[22:14] On the key action plans to be executed for efficient landlord-tenant transaction
[22:24] On optimizing payment and maintenance
[32:50] Developing cost accounting in the system
Links
Laurence Jankelow’s email - laurence@avail.com
Laurence Jankelow’s LinkedIn - https://www.linkedin.com/in/laurence-jankelow-6a693343/
Avail.co - https://www.avail.co/
Zillow - https://www.zillow.com/
Cozy - https://cozy.co/
Living Off Rentals YouTube Channel - https://www.youtube.com/channel/UCRpWXe2mWqBm5vvbO2R2AdA?sub_confirmation=1
Living Off Rentals Facebook Group - www.facebook.com/groups/livingoffrentals
Living Off Rentals Website - www.livingoffrentals.com
Living Off Rentals Instagram - www.instagram.com/livingoffrentals
Our guest has a lot—and I mean A LOT—of experience in vacation rentals. She co-founded and still owns 2 different vacation rental management companies in Colorado.
Joining me on the podcast today is Sarah Bradford. She and her husband, Chris, run the Winter Park Lodging Company, which now manages over 150 luxury vacation rentals and the Steamboat Lodging Company. She also co-hosts the Sarah and T Podcast together with Tim Cafferty of Outer Banks Blue and Sandbridge Blue.
In this episode, Sarah shares how she started a business around vacation rentals. She then weighs in on online travel agents (OTAs), building a return guest pool, and what businesses can do to recover from tough situations. She also talks about the importance of setting goals and giving incredible customer service.
Tune in to know more about the opportunities in the short-term rental space from a management perspective.
Key Takeaways
[01:58] An overview of Sarah’s real estate journey
[08:55] How her business grew alongside the evolution of OTAs
[13:28] Look at trends in bookings, blast guests with emails every month, and communicate with guests outside of booking platforms
[14:58] Build a website, name your properties, and give your guests positive experiences so that they will be attached to the place
[18:25] On having in-house staff, treating them well, and training them properly
[21:48] How Sarah’s businesses fared during the pandemic
[26:20] Her advice on investing in vacation rentals
[31:48] On dealing with rental property owners, getting into luxury vacation rentals, and trying out new locations
Links
Winter Park Lodging Company - https://www.winterparklodgingcompany.com/
Steamboat Lodging Company - https://www.steamboatlodgingcompany.com/
Sarah and T Podcast - https://sarahandt.com/
Living Off Rentals YouTube Channel - https://www.youtube.com/channel/UCRpWXe2mWqBm5vvbO2R2AdA?sub_confirmation=1
Living Off Rentals Facebook Group - www.facebook.com/groups/livingoffrentals
Living Off Rentals Website - www.livingoffrentals.com
Living Off Rentals Instagram - www.instagram.com/livingoffrentals
Our guest is a former special forces military officer, a leadership and mindset coach, and the author of “A Warrior’s Mindset: The 6 Keys to Greatness”.
We have Sean Patton on the show. He used to be a Green Beret and a Special Forces Commander. Now, he is a Brazilian Jiu-Jitsu world champion, and he helps entrepreneurs and organizations build more fulfilling and profitable futures as the founder of Stronger Leaders Stronger Profits.
In this episode, Sean walks us through his transition from the special forces to business, and the lessons that he learned along the way—which all led to the 6-part framework that he breaks down in his book. He also corrects some misconceptions on leadership, offering practical advice for entrepreneurs.
Learn how to level up your leadership game and maximize your impact on the world from a decorated warrior who has made a business out of achieving greatness!
Key Takeaways
[02:58] What inspired Sean to become who he is today
[13:55] How to embrace a more positive perspective on life
[19:00] The lessons that Sean learned after his first business failed
[24:22] Perseverance and resilience is built over time
[30:22] What Sean set out to do when he decided to write his book
[34:25] On overcoming apathy
[38:25] Sean’s 4 steps to defining a fulfilling life purpose
[46:42] His Compound Leadership Theory
[54:35] How to become a better leader
Links
Stronger Leaders Stronger Profits - https://www.strongerleadersstrongerprofits.com/
Sean Patton on LinkedIn - https://www.linkedin.com/in/seanpattonpresents/
Sean Patton on Facebook - https://www.facebook.com/seanpattonpresents
Sean Patton on Instagram - https://www.instagram.com/seanpattonpresents/
A Warrior’s Mindset by Sean Patton - https://www.amazon.com/Warriors-Mindset-Keys-Greatness/dp/B09HG54YS4
Living Off Rentals YouTube Channel - https://www.youtube.com/channel/UCRpWXe2mWqBm5vvbO2R2AdA?sub_confirmation=1
Living Off Rentals Facebook Group - www.facebook.com/groups/livingoffrentals
Living Off Rentals Website - www.livingoffrentals.com
Our guest is a former news anchor and a mom of 4 kids. This is her first broadcast since she left the news industry 7 years ago.
Joining me on the show is Araceli Thiele. She used to work as a weekend anchor/reporter at 14 News. She has a decade’s worth of experience as a real estate investor and a landlord. Now, she is also a business research specialist.
In this episode, Araceli shares the lessons that she learned when she first got into real estate and property management. She then walks us through her progression with rental properties. She also talks about house hacking and tenants, offering advice to people who are just starting out in real estate investing.
Listen and learn from an experienced investor who was able to utilize her skill set and find creative ways to make rentals work!
Key Takeaways
[02:45] Araceli’s realizations after getting into real estate
[09:02] Identify the outcome that you want to achieve and then figure out the steps that you need to take to get there
[11:45] How Araceli first learned about rentals and what she did to improve in property management
[17:18] Some of her experiences while building a rental flipping business
[25:50] On becoming an asset in the rental space
[27:25] On financing and finding work-life balance
[32:15] How Araceli transitioned to buying rentals in remote markets and renting by the room
[38:00] How to find tenants who are okay with renting by the room and who know each other
[46:08] Where Araceli sees herself in the next 10 years
Links
Araceli’s email - celi.2atproperties@gmail.com
Living Off Rentals YouTube Channel - https://www.youtube.com/channel/UCRpWXe2mWqBm5vvbO2R2AdA?sub_confirmation=1
Living Off Rentals Facebook Group - www.facebook.com/groups/livingoffrentals
Living Off Rentals Website - www.livingoffrentals.com
Living Off Rentals Instagram - www.instagram.com/livingoffrentals
Our guests are both real estate investors and—get this—pharmacists!
Joining me on the podcast today are David Bright and Nate Hedrick. They are the hosts of the YFP Real Estate Investing Podcast, and they help people in pharmacy achieve financial freedom through real estate investing.
In this episode, Nate and David walked us through their transition to real estate, sharing what they have learned along the way. They go over what they like to look for in prospects, break down their most challenging deals, and share practical advice. They also talk about the podcast that they’re hosting.
If you’re interested in real estate or building a business but are concerned about coming from a seemingly unrelated field, this is the episode for you!
Key Takeaways
[02:10] About Nate and David’s pharmacy background
[05:52] The traps that people with full-time jobs fall into while trying to switch careers
[09:12] The types of deals that Nate and David do
[15:15] What their most challenging deals were like
[20:58] How their goals have evolved
[24:00] How they changed tactics to scale their respective businesses
[28:28] About the YFP Pharmacist Real Estate Investing Podcast
Links
Your Financial Pharmacist - https://yourfinancialpharmacist.lpages.co/real-estate-investing/
Living Off Rentals YouTube Channel - https://www.youtube.com/channel/UCRpWXe2mWqBm5vvbO2R2AdA?sub_confirmation=1
Living Off Rentals Facebook Group - www.facebook.com/groups/livingoffrentals
Living Off Rentals Website - www.livingoffrentals.com
Living Off Rentals Instagram - www.instagram.com/livingoffrentals
Our two guests for today have a ton of experience in the short-term rental space, and they are the hosts of The Guest Cast.
We have Andy McNulty and Tyann Marcink on the show. Andy is the co-founder and CEO of Touch Stay. Tyann, on the other hand, is an owner/investor/manager and Touch Stay’s community ambassador.
In this episode, they introduce Touch Stay—what it is and how it works. They weigh in on the absence of clear communication between travelers and rental accommodation hosts, how Touch Stay fills that gap and the opportunities in the vacation rental industry. Tyann also talks about one of her rentals which is considered a unique stay.
If you want to know how to maximize your guests’ experience at your short-term rental property, this episode is for you!
Key Takeaways
[02:05] An overview of Tyann’s real estate journey and how Andy came up with Touch Stay
[07:30] Touch Stay is a progressive web app that creates digital guest welcome books
[14:45] On the ROI that Touch Stay users get
[18:55] Who Touch Stay is designed for
[25:38] How Touch Stay can lead to repeat customers
[28:18] On the future of the vacation rental industry
[33:08] The responsibilities of owners, hosts, investors, and managers
[36:05] About Tyann’s bank-turned-vacation rental
Links
Touch Stay - https://touchstay.com/
Touch Stay on Facebook - https://www.facebook.com/touchstay/
Andy’s email - andy@touchstay.com
Tyann’s email - tyann@touchstay.com
The Guest Cast - https://touchstay.com/podcast/
Living Off Rentals YouTube Channel - https://www.youtube.com/channel/UCRpWXe2mWqBm5vvbO2R2AdA?sub_confirmation=1
Living Off Rentals Facebook Group - www.facebook.com/groups/livingoffrentals
Living Off Rentals Website - www.livingoffrentals.com
Living Off Rentals Instagram - www.instagram.com/livingoffrentals
Our guest has 16 years of experience as an entrepreneur in real estate. He’s also a self-proclaimed housing nerd with a bias for action
Joining me on the show is Atticus LeBlanc. He is the founder and CEO of PadSplit, an affordable housing tech startup based in Atlanta that provides a house-sharing service for tenants and helps the property owner get to financial independence.
In this episode, Atticus dives into his shared housing program—how it works, who it is for, and how it compares to short-term rentals. He breaks down the numbers that people need to consider if they’re thinking of getting involved with PadSplit. He also weighs in on the future of affordable housing.
Learn how to get creative and boost cash flow as a landlord in this crazy expensive environment!
Key Takeaways
[02:13] Atticus’ background and how PadSplit came to be
[04:50] How PadSplit operates
[10:58] The ideal landlord or investor
[14:55] What PadSplit does when it approaches a new market
[19:25] How it manages to achieve high turnover and collection rates
[24:12] Separate the financial issues from the social issues
[28:35] About damage deposits
[31:55] How much you could potentially net from the shared housing model
[41:35] Atticus’ outlook on affordable housing
Links
PadSplit - https://www.padsplit.com/
Living Off Rentals YouTube Channel - https://www.youtube.com/channel/UCRpWXe2mWqBm5vvbO2R2AdA?sub_confirmation=1
Living Off Rentals Facebook Group - www.facebook.com/groups/livingoffrentals
Living Off Rentals Website - www.livingoffrentals.com
Living Off Rentals Instagram - www.instagram.com/livingoffrentals
Our guest is the founder of the 90 Days to 5K Mastermind—a training, educational, and membership organization for real estate investors.
Joining me on the podcast today is Edna Keep. She started out as a financial advisor who sold mutual funds and life insurance. Now, she is a real estate investment coach who loves to make money by focusing on multifamily residences and joint venture partnerships.
In this episode, Edna shares what she has learned from Robert Kiyosaki about building wealth. She gives an overview of the deals she has done, presenting the advantages of investing in multifamily properties. She also offers advice so that you, too, can overcome any mental roadblocks and find success.
If you’re looking for ways to make recurring income, this is the episode for you!
Key Takeaways
[01:42] What got Edna interested in real estate
[05:50] There are many ways to invest or get involved in real estate
[10:10] Partner with people who are more experienced than you
[17:18] What Edna looks for in a deal
[21:35] On setting goals and evolving as an investor
[27:15] Surround yourself with likeminded people and shift your mindset
[31:38] Find what you are good at because a specialist makes more than a generalist
[34:00] Edna’s favorite type of client
Links
Edna Keep’s website - https://ednakeep.com/
Edna Keep on Youtube - https://www.youtube.com/channel/UCoQcPc5vkw1zz2UpbrFq7xw
Robert Kiyosaki’s Investing Classes - https://www.richdad.com/investing-classes
Living Off Rentals YouTube Channel - https://www.youtube.com/channel/UCRpWXe2mWqBm5vvbO2R2AdA?sub_confirmation=1
Living Off Rentals Facebook Group - www.facebook.com/groups/livingoffrentals
Living Off Rentals Website - www.livingoffrentals.com
Living Off Rentals Instagram - www.instagram.com/livingoffrentals
Our guest is a commercial real estate broker who served 10 years in the U.S. Army.
We have Michael Glaspie in today’s show. He bought his first property in 2018 and went into real estate full-time after getting out of the military in January 2020. Now that he is a veteran, he educates other veterans on building the lifestyle they deserve through creative investing.
In this episode, Michael weighs in on some of the top concerns that buyers have brought up with him. He then shares his process for acquiring commercial properties and offers advice so that you, too, can scale your business.
If you’re looking to get into Airbnbs or buy-and-hold properties, this is the episode for you!
Key Takeaways
[02:02] Michael’s reasons for joining the military and getting into real estate
[05:28] His transition from house hacking to wholesaling to creative financing and buy-and-hold rentals
[08:20] On subject-to deals, loan assumptions, the due-on-sale clause, and foreclosures
[13:15] How Michael scaled to commercial real estate and found work-life balance
[17:02] Leverage your systems and hire
[18:42] What Michael looks for in opportunities and how he finds Airbnbs
[26:05] On forming strategic partnerships
[28:52] What Michael learned from his father
Links
Michael Glaspie’s website - https://www.michaelsglaspie.com/
Living Off Rentals YouTube Channel - https://www.youtube.com/channel/UCRpWXe2mWqBm5vvbO2R2AdA?sub_confirmation=1
Living Off Rentals Facebook Group - www.facebook.com/groups/livingoffrentals
Living Off Rentals Website - www.livingoffrentals.com
Living Off Rentals Instagram - www.instagram.com/livingoffrentals
Our guest is in the business of buying, selling, and renting houses; but he took it a step further and niched down to an unlikely asset—mobile homes.
Joining me on the show is Adrian Smude, an event producer-turned-real estate investor and educator. He started his real estate career in 2002. Now, he and his wife, Erin, own and run My Wife Buy$ Mobile Homes.
In this episode, Adrian looks back on what led him to invest in mobile homes and walks us through the process of buying, repairing, and lending one. He shares his investment model, giving us a preview of the book that he is working on. He also talks about what the right coaches and mastermind groups can do for you.
Tune in to learn the ins and outs of investing in mobile home rentals!
Key Takeaways
[01:45] How Adrian went from tenant to landlord to mobile home investor
[05:18] His perspective on mobile homes and his cash flow strategy
[07:25] A mobile home deal that he did recently
[12:32] The pros and cons of acquiring a mobile home
[16:15] Why Adrian and his team only do surface-level repairs
[19:52] Their process for managing tenants and buying in parks
[25:20] The closing process for mobile homes differs for every state
[29:30] How to find mobile homes, deals, and success
[38:50] Adrian’s advice on taking action and asking for help
Links
Adrian Smude - https://adriansmude.com/
My Wife Buy$ Mobile Homes - https://mywifebuys.com/
Lifestyle REI - https://lifestyle-rei.com/
Lifeonaire - https://lifeonaire.com/
Living Off Rentals YouTube Channel - https://www.youtube.com/channel/UCRpWXe2mWqBm5vvbO2R2AdA?sub_confirmation=1
Living Off Rentals Facebook Group - www.facebook.com/groups/livingoffrentals
Living Off Rentals Website - www.livingoffrentals.com
Living Off Rentals Instagram - www.instagram.com/livingoffrentals
Our guest is a highly successful self-employed real estate investor, a passionate speaker, and an author. He specializes in owner financing and giving new life to properties.
Returning to the show is Mitch Stephen. He has been in the real estate space since 1996, and he pioneered the idea that you don’t have to give discounts to sell your notes. He also authored the “My Life & 1,000 Houses” series.
In this episode, Mitch shares how he systematized his real estate business. He then talks about the importance of having a strategic partnership, how much work goes into running multiple businesses, and the opportunities in mass texting. He also offers advice for people who are just starting out. Tune in to learn a different way of building a buyer’s list and getting deals.
Key Takeaways
[03:42] About Mitch’s recovery from burnout
[09:15] Surround yourself with the right people
[14:55] How Mitch juggles his time between his different businesses
[21:18] Why he started his hard money loan business
[24:32] On finding and selling deals through text messaging
[33:30] LiveComm’s other features
[41:22] An effortless way to get people’s phone numbers
[45:18] Check out all the ways to make money, narrow it down to one or two, and get coaching from people who are doing what you want to do
Links
Mitch Stephen’s website - https://1000houses.com/
Owner financing cautions with Mitch Stephen - https://youtu.be/2jY_ESiAkRc
Should you owner finance or rent properties to end users - https://youtu.be/cUoSkP4nVDo
Owner financing real estate strategy - how this works! - https://youtu.be/Oj2vjReOSPI
LiveComm Mass Texting - https://www.livecomm.com/
Living Off Rentals YouTube Channel - https://www.youtube.com/channel/UCRpWXe2mWqBm5vvbO2R2AdA?sub_confirmation=1
Living Off Rentals Facebook Group - www.facebook.com/groups/livingoffrentals
Living Off Rentals Website - www.livingoffrentals.com
Living Off Rentals Instagram - www.instagram.com/livingoffrentals
Our guest has been in the real estate industry since 2003. He was the number one broker in Chicago for 2013 and ranked 4th nationally by the Wall Street Journal.
We have Rosario Terracciano in today’s show. He is the co-founder and CEO of ClickInvest, a real estate platform for real estate investors looking for fix-and-flip or fix-and-rent investment properties.
In this episode, Rosario looks back on the ups and downs of his real estate journey—especially the downs. He then introduces ClickInvest and what it has to offer. He shares tips not just for real estate investors but also for people who are looking to start their own businesses.
Failure is part of life, but what matters is how you rise above it. Listen for insightful and practical advice from a man who has had a wealth of losses.
Key Takeaways
[03:12] The importance of being aligned or connected with your team
[04:42] On doing things wrongs and losing
[11:38] How Rosario and his team came up with their business model
[15:55] What he learned from owning rentals
[20:52] About ClickInvest’s algorithm and how the platform works
[27:00] How ClickInvest clients build their portfolio
[34:45] Why Rosario decided to invest in Florida
[37:12] Invest in help and buckle up for the long haul
[42:45] Variables you need to look for in rentals and Airbnbs
Links
ClickInvest - https://clickinvest.com/
Rosario Terracciano’s LinkedIn - https://www.linkedin.com/in/rosarioterracciano/
Contact Mark Wilton - mark@clickinvest.com
Living Off Rentals YouTube Channel - https://www.youtube.com/channel/UCRpWXe2mWqBm5vvbO2R2AdA?sub_confirmation=1
Living Off Rentals Facebook Group - www.facebook.com/groups/livingoffrentals
Living Off Rentals Website - www.livingoffrentals.com
Living Off Rentals Instagram - www.instagram.com/livingoffrentals
Joining me on the show is Adam Whitney. He is an active-duty Marine officer who started wholesaling real estate just last October. Now, he runs Blackjack Real Estate, a high-volume wholesaling company founded by Navy veteran and real estate professional Bill Allen.
In this episode, Adam reveals the two skills you need to dominate any niche in real estate. He then talks about Blackjack, how he manages the company, and what the Blackjack team has to offer. He also offers advice on starting a wholesaling business, building a real estate investing strategy, and finding work-life balance.
If you’re looking for another way to invest in real estate or you’re interested in wholesaling, this episode is for you!
Key Takeaways
[01:58] How Adam got into real estate
[07:00] His goal-setting process
[11:28] His initial real estate goals and how they have changed
[12:55] About Blackjack Real Estate and its services
[20:05] Blackjack’s business model
[22:22] What marketing channels they use
[24:18] On wholesaling, flipping, rentals, and limited investing
[28:02] How Adam finds turnkey properties
[31:50] How he juggles work with time for his family
Links
Adam Whitney’s Instagram - https://www.instagram.com/officialadamwhitney/
Blackjack Real Estate - https://blackjackre.com/
Indistractable by Nir Eyal - https://www.amazon.com/Indistractable-Control-Your-Attention-Choose/dp/194883653X
Living Off Rentals YouTube Channel - https://www.youtube.com/channel/UCRpWXe2mWqBm5vvbO2R2AdA?sub_confirmation=1
Living Off Rentals Facebook Group - www.facebook.com/groups/livingoffrentals
Living Off Rentals Website - www.livingoffrentals.com
Living Off Rentals Instagram - www.instagram.com/livingoffrentals
Our guest is a hands-on Airbnb Superhost, a coach, and the host of a thriving Facebook community and a top-ranked podcast.
Joining me on the podcast today is Evelyn Badia. She is the founder of The Hosting Journey, an online resource that includes The 5-star House Manual, The Language of Welcome, and The Travel Nurse Playbook. She has been doing Airbnb since 2010.
In this episode, Evelyn walks us through her backstory and the perks of having an Airbnb. She then talks about what it’s like to have Airbnbs in New York City and how to become a remote host, highlighting the importance of having a team. She also shares things to watch out for when it comes to contractors and property managers, offering advice on how to communicate with guests.
If you’re thinking of getting into Airbnbs, this is the episode for you! Learn how to maximize your home or your investment property.
Key Takeaways
[01:48] How Evelyn got into Airbnb and what it was like in its early years
[07:32] The pros and cons of living with guests
[10:34] About some of New York City’s Airbnb regulations
[16:50] How to branch out to different markets
[20:35] What you can achieve with a local team
[22:32] About 1031 exchanges, Evelyn’s team, and her buying criteria for properties
[28:12] How to find and deal with contractors remotely
[31:07] On hiring property managers and handling guests during natural disasters
[39:15] Be empathic when dealing with guests
Links
The Hosting Journey - https://www.thehostingjourney.com/
The Hosting Journey on Youtube - https://www.youtube.com/c/EvelynTheHostingJourney
The Hosting Journey Facebook group - https://www.facebook.com/groups/TheHostingJourney/
Living Off Rentals YouTube Channel - https://www.youtube.com/channel/UCRpWXe2mWqBm5vvbO2R2AdA?sub_confirmation=1
Living Off Rentals Facebook Group - www.facebook.com/groups/livingoffrentals
Living Off Rentals Website - www.livingoffrentals.com
Living Off Rentals Instagram - www.instagram.com/livingoffrentals
Our guest is currently based in Omaha, Nebraska, and has invested in several markets since 2014.
We have Ben Klenk in today’s show. Once he discovered the FIRE movement and how financial freedom could be achieved through real estate, he put in the work, got himself out of debt, and gradually built his rental portfolio—all while having a family and a day job.
In this episode, Ben dives into his first property, sharing lessons he learned from that deal. He then explains why he likes multifamily properties and short-term rentals. He also talks about investing in out-of-state properties and how he became comfortable with it.
Tune in for tips and advice on short-term rentals and becoming a long-distance investor.
Key Takeaways
[01:43] About Ben’s background, how he got into real estate, and the FIRE movement
[05:04] What he learned after getting a 6-unit apartment building
[11:34] Having a hundred units sounds cool but it’s a lot of work, so if you want more time and freedom, aim for fewer units that generate more cash flow
[16:12] How Ben transitioned from Omaha to the Michigan market
[22:00] Surround yourself with people whose goals or values align with yours
[25:18] Having a team you trust is key to investing remotely
[27:48] Ben’s criteria for buying properties and how he finances them
[32:22] Trust yourself and find backup options to keep stuff moving along
Links
Ben Klenk’s email - ben.klenk@gmail.com
Living Off Rentals YouTube Channel - https://www.youtube.com/channel/UCRpWXe2mWqBm5vvbO2R2AdA?sub_confirmation=1
Living Off Rentals Facebook Group - www.facebook.com/groups/livingoffrentals
Living Off Rentals Website - www.livingoffrentals.com
Living Off Rentals Instagram - www.instagram.com/livingoffrentals
Joining me on the show is Mark Dolfini. In 2007, he had 92 rental properties that gave him about $65,000 a month. Now, he is known as the Landlord Coach, and he has authored 3 real estate books.
In this episode, Mark looks back on how he got into the real estate space, stressing the importance of time. He then dives into his “vision, infrastructure, and process” formula and how it can be applied. Mark also shares nuggets of wisdom on building your portfolio and your business, drawing from portions of his book, The Time-Wealthy Investor 2.0.
Listen and learn from a rental and property management expert to go from self-employed rental housing provider to business owner!
Key Takeaways
[02:25] Mark’s military and real estate background
[08:10] The importance of time
[11:24] The events that led Mark to realize that his situation wasn’t sustainable
[16:12] On budgeting for maintenance and leasing expenses
[23:30] Why and how Mark came up with his VIP method
[29:42] It’s not about the number of units but what generates the most cash flow and frees up more time for you
[35:05] On multiple lines of complexity and the fallacy that multifamily is easier
[40:20] Set up a structure that will line you up with your vision
[43:50] On getting a virtual assistant
[50:32] Mark’s observations about new investors and his advice for them
Links
Landlord Coach - https://landlordcoach.com/
Mark’s email - mailto:mark@landlordcoach.com
Mark’s Facebook - https://www.facebook.com/mark.dolfini
The Time-Wealthy Investor 2.0 by Mark Dolfini - https://landlordmasterclass.net/the-time-wealthy-investor-2-0-v31612041634793
The E Myth by Michael Gerber - https://www.amazon.com/Myth-Most-Businesses-Dont-About/dp/0887303625
Living Off Rentals YouTube Channel - https://www.youtube.com/channel/UCRpWXe2mWqBm5vvbO2R2AdA?sub_confirmation=1
Living Off Rentals Facebook Group - www.facebook.com/groups/livingoffrentals
Living Off Rentals Website - www.livingoffrentals.com
Living Off Rentals Instagram - www.instagram.com/livingoffrentals
Our guest is a location-independent digital nomad who lives and breathes Airbnbs. He sleeps exclusively in Airbnbs, he’s an Airbnb Superhost, he remotely manages Airbnb properties across the globe, and he helps Airbnb hosts become successful!
Joining me on the podcast today is Daniel Rusteen. Before starting his own Airbnb property management company and launching OptimizeMyBnb.com, he spent 3 years as an Airbnb employee. He has authored 3 books including the bestselling “Optimize YOUR Airbnb”.
In this episode, Daniel reveals how he got into short-term rentals, shares his own experiences as a guest, and offers tips for Airbnb hosts. He then weighs in on certain markets, diving into the city he is currently staying in. He also mentions practical ways for people to optimize their Airbnbs.
If you want to know more about Airbnbs and learn to become a better host, this episode is for you!
Key Takeaways
[02:35] Daniel’s achievements and what he does to help Airbnb hosts make more money
[06:38] How Airbnb decides which listings to boost in search results
[10:30] His tips for new Airbnb hosts to improve their guests’ experience
[15:30] How to analyze markets for Airbnbs
[20:30] What the Airbnb market is like in Medellín, Colombia
[23:42] What to expect when investing internationally or out of state
[27:55] How Daniel calculates numbers for property owners
[31:52] The 3 most essential tools for short-term rental investors
[34:05] Negative reviews are caused by mismanaged expectations
Links
Daniel Rusteen’s website - https://dannybooboo.com/
Optimize My Bnb - https://optimizemybnb.com/
Belo - https://belopm.com/
Optimize My Airbnb (Youtube) - https://www.youtube.com/channel/UCwKwfQEYlbTCUynJHqjDmUA
Optimize Your Airbnb by Daniel Rusteen - https://www.amazon.com/Optimize-Your-Airbnb-Definitive-Ranking/dp/099971550X
Living Off Rentals YouTube Channel - https://www.youtube.com/channel/UCRpWXe2mWqBm5vvbO2R2AdA?sub_confirmation=1
Living Off Rentals Facebook Group - www.facebook.com/groups/livingoffrentals
Living Off Rentals Website - www.livingoffrentals.com
Living Off Rentals Instagram - www.instagram.com/livingoffrentals
Our guest has been active in real estate since 2003. He is an entrepreneur, a speaker, and a bestselling author who is passionate about raising capital for deals.
We have Dave Dubeau in today’s show. He has a background in marketing, and he lived in Costa Rica for over a decade—starting a language training center while he was there—before moving back to Canada with his family. Now, he’s more of a passive investor who is in the business of helping other investors get funding.
In this episode, Dave walks us through the highs and lows he experienced before he got to where he is now. He then breaks down the 5 steps of his money partner formula, offering practical advice and tips for people who are looking to raise capital.
Learn from an investor attraction expert and get investors to come to you!
Key Takeaways
[01:43] An overview of Dave’s real estate journey
[11:15] Why people have difficulty raising capital and his advice for new real estate investors
[15:45] Who you should be approaching for money
[19:05] How you should compose introductory emails and transition messages
[24:00] Put together a slideshow presentation that’s easy to understand
[25:58] Constant, consistent, and edutaining communication
[29:40] How to be seen as a real estate authority
[32:52] Some ways to keep the snowball rolling
[35:38] On bringing a money partner into your real estate project
[37:30] Underpromise and then overdeliver
[39:52] A preview of Dave’s 8-hour workshop
Links
Dave’s website: https://www.daviddubeau.com/
Join his virtual workshop and use the code “kirby” to get a discount!
Get a copy of his book here!
Living Off Rentals YouTube Channel - https://www.youtube.com/channel/UCRpWXe2mWqBm5vvbO2R2AdA?sub_confirmation=1
Living Off Rentals Facebook Group - www.facebook.com/groups/livingoffrentals
Living Off Rentals Website - www.livingoffrentals.com
Living Off Rentals Instagram - www.instagram.com/livingoffrentals
Our guest is a medic who realized early on that he wanted more in terms of personal growth and income. So he switched careers, put in the work, learned as he went, and found success in real estate.
Joining me on the show is Steve Budzik. He’s a long-time friend of mine who started out as an investor. He used to do flips and invest in rentals. Now, he has his own brokerage called iCandy Realty, and he works with other investors.
In this episode, Steve looks back on what drew him to real estate investing, sharing what he has learned from investing in his education and doing transactions through other people. He weighs in on rentals and introduces his Fix 'n' List program, offering advice for both real estate agents and investors.
If you’re still undecided on which way you should go in real estate, this episode may interest you!
Key Takeaways
[03:58] An overview of Steve’s real estate journey
[10:30] How we met
[12:48] About his initial real estate goal and how that has evolved over the years
[15:45] How he approaches prospective deals
[19:00] Why he sold his rentals and what types of properties he likes to focus on now
[23:10] What his Fix'n'List program has to offer
[27:25] On negotiating prices and getting a realtor license
[32:38] How Steve structures his day
[35:38] Work with your end goal in mind
[37:32] Partner up with a mentor and see how you can be of value to them
Links
Steve’s website - https://www.stevebudzik.com/
iCandy Realty - https://www.icandyrealty.com/
Sign up for the upcoming “The Vacation Rental Blueprint” webinar
Living Off Rentals YouTube Channel - https://www.youtube.com/channel/UCRpWXe2mWqBm5vvbO2R2AdA?sub_confirmation=1
Living Off Rentals Facebook Group - www.facebook.com/groups/livingoffrentals
Living Off Rentals Website - www.livingoffrentals.com
Living Off Rentals Instagram - www.instagram.com/livingoffrentals
Our guest has been in the real estate and financing space for over 20 years; and in the last 5 years, he has closed at least 650 transactions.
Joining me on the podcast today as Antonio Hernandez. Backed by his own experiences as an investor, he has become a lender who specializes in working with other investors. He is based in Chicago, but he lends nationwide.
In this episode, Antonio offers advice for people who are new to rental properties and getting loans. He also talks about what he has to offer as a lender, the strategies of other lenders, and a few things you should consider if you’re a short-term rental property owner.
Tune in for insight from an investor-lender’s perspective!
Key Takeaways
[03:18] How Antonio transitioned from investor to lender
[06:18] The advantages of doing the BRRRR strategy
[08:46] About getting loans from private or hard money lenders
[11:25] How investors can access the loaned money while doing projects
[13:08] Lenders don’t care where your money comes from as long as it is in your account
[14:33] On qualifying for an investment loan
[21:38] On getting loans for short-term rentals
[26:55] On appraisals
[34:00] Have an LLC or a corporation. You also need money (for the downpayment), credit, and experience—but you don’t need these 3 at the same time
Links
Antonio’s website - https://theinvestorfunding.com/
Antonio’s number - 630-640-9060
Antonio’s Facebook - https://www.facebook.com/AntonioHernandezEnt
Sign up for the upcoming “The Vacation Rental Blueprint” webinar
Living Off Rentals YouTube Channel - https://www.youtube.com/channel/UCRpWXe2mWqBm5vvbO2R2AdA?sub_confirmation=1
Living Off Rentals Facebook Group - www.facebook.com/groups/livingoffrentals
Living Off Rentals Website - www.livingoffrentals.com
Living Off Rentals Instagram - www.instagram.com/livingoffrentals
Our guest was on the podcast 8 months ago for his high-quality short-term rentals and historic renovations in Cotter, Arkansas.
We have Jason Nazarenko in today’s show. He’s a retired Army Special Ops helicopter pilot who accidentally became a real estate investor after rehabbing a big building. Now, he has 6 active vacation rentals, and he continues to add value to his community.
In this episode, Jason goes into detail about the Cotter Downtown Church which he turned into a unique vacation rental, offering tips to people who are looking to do something similar. He also illustrates how involved he is in his community and talks about his new hotel, emphasizing his motivations for doing what he does.
Tune in to learn how to turn unusual properties into cash-flowing rentals, and see what happens when you couple passion with action.
Key Takeaways
[03:42] Jason’s military background and how he became a real estate investor
[05:50] About Cotter Downtown Church and its amenities
[16:30] How he ran the numbers and got financing for the church
[20:45] He purchased it in May 2020, finished renovating it a year later, and made money immediately after renting it out
[26:50] On marketing and pricing your properties
[31:30] On doing your own rehabs and analyzing prospects
[35:10] Jason’s other projects in Cotter
[42:52] On getting around Airbnb restrictions
[46:55] Jason’s overall goal
Links
Potter Block Properties - https://potterblock.com/
Cotter Downtown Church - https://cotterdowntownchurch.com/
Listen to Jason on episode 49 of the podcast
Sign up for my upcoming Vacation Rental Blueprint webinar here! - https://www.livingoffrentals.com/webinar
Living Off Rentals YouTube Channel - https://www.youtube.com/channel/UCRpWXe2mWqBm5vvbO2R2AdA?sub_confirmation=1
Living Off Rentals Facebook Group - www.facebook.com/groups/livingoffrentals
Living Off Rentals Website - www.livingoffrentals.com
Living Off Rentals Instagram - www.instagram.com/livingoffrentals
Our guest for today is the founder and owner of LTG Investments LLC, a company that uses real estate as a tool to help stop human trafficking.
Joining me on the show is Tyler Goble. He is a graduate of the US Naval Academy whose actions are filtered through a faith-based lens. He is currently doing a Masters of Operations Research program in the Naval Postgraduate School.
In this episode, Tyler will talk about his foray into real estate and what led him to support Unbound, an anti-human trafficking organization. He will also share how he set up his company, how to break into a market from a distance, and how he leverages data science and technology to get deals.
Tune in to this episode whether you’re a pro or just looking to get into real estate. See what else you can do with a portion of your profits and how to do deals remotely.
Key Takeaways
[02:20] Tyler’s background
[05:45] You don’t need to be an uber-rich philanthropist to make a difference
[09:25] About Unbound Now
[12:20] The advantages of utilizing donor-advised funds
[18:35] On a deal Tyler is currently rehabbing
[28:10] How he gauges a deal
[31:05] How he and his wife run their company
[36:15] The role of data when combing a market for deals
Links
LTG Investments - http://ltginvestments.com/
LTG Investments’ Instagram - https://www.instagram.com/ltg_investments/
Tyler Goble’s LinkedIn - https://www.linkedin.com/in/tylergoble54/
Unbound - https://www.unboundnow.org/
Zillow - https://www.zillow.com/
PropStream - https://www.propstream.com/
Living Off Rentals YouTube Channel - https://www.youtube.com/channel/UCRpWXe2mWqBm5vvbO2R2AdA?sub_confirmation=1
Living Off Rentals Facebook Group - www.facebook.com/groups/livingoffrentals
Living Off Rentals Website - www.livingoffrentals.com
Living Off Rentals Instagram - www.instagram.com/livingoffrentals
Today’s guest is a veteran entrepreneur who is also one of my biggest mentors. He founded Bunker Labs, The Collective Academy, as well as other for-profit and charity organizations.
Joining me on the podcast today is Todd Connor. He is a motivational speaker, leader, and consultant who helps people fulfill their full creative potential through their professional lives. He is also the author of his new book, “Third Shift Entrepreneur."
In this episode, Todd will talk about his book, the benefits of keeping your job while building your real estate business, and some steps people can take to start a business. He will also share how he came to be the owner of Emerson House, a boutique events venue in La Porte, Indiana.
If you’re an aspiring entrepreneur, tune in to know more about building your dream job while keeping your day job.
Key Takeaways
[01:58] How Todd and I met
[06:35] Why he wrote “Third Shift Entrepreneur”
[09:42] The 3 shifts
[13:30] Figure out what you’re interested in
[14:45] There is a time and place for dramatic announcements
[19:07] Build yourself an internship
[22:32] If you want to quit your job, do the math first
[25:22] How Todd acquired a bed-and-breakfast and turned it into a wedding venue
[34:58] Have an open disposition around the thing you’re building
[40:13] Keep experimenting until you find a strategy that matches your lifestyle
Links
Third Shift Entrepreneur - https://thirdshiftentrepreneur.com/
Living Off Rentals YouTube Channel - https://www.youtube.com/channel/UCRpWXe2mWqBm5vvbO2R2AdA?sub_confirmation=1
Living Off Rentals Facebook Group - www.facebook.com/groups/livingoffrentals
Living Off Rentals Website - www.livingoffrentals.com
Living Off Rentals Instagram - www.instagram.com/livingoffrentals
Our guest for today is a US Air Force officer, a multifamily real estate investor, and the host of The Multifamily Journey Podcast. He and his wife still work full-time jobs, but they have acquired over a hundred properties—and the number continues to grow!
We have Blake Dailey in today’s show. He learned about real estate during his senior year in the Air Force Academy and started analyzing properties. Within a year after graduating in May 2019, his net cash flow from his properties exceeded his W2 income.
In this episode, Blake will talk about the real estate strategies he used to boost his cash flow. He will break down the numbers for some of his short-term rentals and offer tips for people who are looking into multifamily properties.
Listen from start to finish, and learn from a hustler so that you too can achieve financial independence through real estate!
Key Takeaways
[03:03] Why Blake went to the Air Force Academy, how he learned about real estate investing, and about his first few short-term rental properties
[07:27] What the Florida Panhandle market is like
[10:45] About unique listings on Airbnbs and glamping
[14:10] What Blake learned after his first BRRRbnb
[19:19] Why he turns multifamily properties into short-term rentals
[26:55] How to make the most out of Airbnb listings
[28:59] How to value residential and commercial units
[34:58] On-net operating incomes and debt-service coverage ratios
[38:30] On the management side of the business
[45:54] Blake’s plans for the future
Links
Blake’s website - https://multifamilyjourney.com/
Blake’s Youtube - https://www.youtube.com/user/bigswagblake
Blake’s Instagram - https://www.instagram.com/blakejdailey/
Blake’s Twitter - https://twitter.com/blakejdailey
Rich Dad Poor Dad by Robert Kiyosaki - https://www.amazon.com/Rich-Dad-Poor-Teach-Middle/dp/1612680194
BiggerPockets - https://www.biggerpockets.com/
Living Off Rentals YouTube Channel - https://www.youtube.com/channel/UCRpWXe2mWqBm5vvbO2R2AdA?sub_confirmation=1
Living Off Rentals Facebook Group - www.facebook.com/groups/livingoffrentals
Living Off Rentals Website - www.livingoffrentals.com
Living Off Rentals Instagram - www.instagram.com/livingoffrentals
Our guest for today started doing real estate in 2013. Two years later, he and his wife moved back to Puerto Rico, and he has been investing there ever since.
Joining me on the show is Pedro Cardona. When he lived in Illinois, he took my coaching program, and we partnered in several deals. This chemical engineer-turned-full-time real estate investor is an example that you can make money in any market as long as you’re willing to put in the work and you have a good support system.
In this episode, Pedro tells us stories about some of his rentals and flips, sharing the lessons that he picked up from every one of them. He also breaks down some of the steps he and his wife have taken during their transition to short-term rentals.
Tune in to this exciting yet informative episode to know more about the Puerto Rico market from the perspective of a local investor.
Key Takeaways
[02:58] On some of Pedro’s deals in the Chicago suburbs and in Puerto Rico
[08:54] Why he and his wife moved back to Puerto Rico
[10:32] On weathering a literal hurricane and turning the aftermath into an opportunity
[16:54] A comparison of rehabs in the US and Puerto Rico
[22:50] Go out and get your hands dirty to really know what you’re doing
[30:54] Other differences between the US and Puerto Rico when it comes to acquiring, rehabbing, and selling properties
[35:08] On hiring and working with contractors
[40:08] Give your short-term renters a pleasant experience
[52:58] Learn from other people who are already in the game
Links
Pedro’s Facebook
Contact Pedro Cardona at 787-385-1462
Living Off Rentals YouTube Channel - https://www.youtube.com/channel/UCRpWXe2mWqBm5vvbO2R2AdA?sub_confirmation=1
Living Off Rentals Facebook Group - www.facebook.com/groups/livingoffrentals
Living Off Rentals Website - www.livingoffrentals.com
Living Off Rentals Instagram - www.instagram.com/livingoffrentals
Today’s guest followed LeanFIRE principles before the FIRE (Financial Independence, Retire Early) movement existed. After 20 years of sound investments in real estate, he is now a multimillionaire with 100 rental properties under his belt.
Joining me on the podcast today is Alan Corey. Before he got into real estate, he was a comedian who made appearances on multiple reality TV shows. He is also the author of “A Million Bucks by 30” which was published over a decade ago.
In this episode, Alan will walk us through his transformation from comedian to real estate investor. He will also talk about his newest book “House FIRE”, sharing practical advice on personal finance and managing rental properties.
Create a diverse real estate portfolio to reduce risk, learn to overcome “first-timer freeze”, and trust the math.
Key Takeaways
[02:20] Alan’s background and foray into real estate
[07:40] Why he wrote “House FIRE”
[10:00] His approach to buying rental properties
[13:03] Disassociate real estate investing from primary residency buying
[15:30] The 2 causes of “first-timer freeze”
[16:15] How Alan tackles house FIRE
[21:08] Let your assets pay for your expenses
[25:37] On getting a 30-year fixed mortgage to hedge inflation
[31:53] Take the time to understand how money and the financial system works before you start taking high leverage
[33:20] How the flywheel concept works in real estate
[37:45] Hire property managers for your rentals
[42:00] Alan’s advice on screening property managers
[43:58] The hardest lesson he learned
Links
A Million Bucks by 30 by Alan Corey
House FIRE by Alan Corey
Living Off Rentals YouTube Channel - https://www.youtube.com/channel/UCRpWXe2mWqBm5vvbO2R2AdA?sub_confirmation=1
Living Off Rentals Facebook Group - www.facebook.com/groups/livingoffrentals
Living Off Rentals Website - www.livingoffrentals.com
Living Off Rentals Instagram - www.instagram.com/livingoffrentals
Today's guest is a massively successful multifamily investor. He has bought, managed, and sold thousands of properties.
Aside from being an investor, Kent Ritter hosts a real estate podcast (Ritter on Real Estate) and monthly multifamily investing meetups in Indianapolis. He is was formerly a partner and managing director at Birge and Held, a firm that owns over 15,000 apartment units with 1.5 billion worth of assets.
In this episode, Kent will share his experiences regarding his shift to being a full-time investor and his advice on how to successfully utilize multifamily investing.
Tune in to this episode to discover and learn the methods you can apply to your real estate business and finally attain the goal to live off rentals!
Key Takeaways
[02:24] Kent's background and his real estate journey
[11:30] His success as a multifamily investor
[14:27] Advantages of multifamily investing
[19:10] Kent's methods to mitigate problems
[30:04] How he remains competitive
[33:00] How Kent effectively improves properties
[35:32] Why he utilizes the multifamily investing strategy
[39:52] Kent's efficient property management techniques
[42:25] His advice on shifting to full-time real estate investing
[47:40] The best ways to get in touch with Kent
Links
Kent’s website - www.kentritter.com
Kent’s podcast - www.kentritter.com/podcast
Kent’s LinkedIn - www.linkedin.com/in/kentritter
Living Off Rentals YouTube Channel - https://www.youtube.com/channel/UCRpWXe2mWqBm5vvbO2R2AdA?sub_confirmation=1
Living Off Rentals Facebook Group - www.facebook.com/groups/livingoffrentals
Living Off Rentals Website - www.livingoffrentals.com
Living Off Rentals Instagram - www.instagram.com/livingoffrentals
Success has no specific timeline, especially in real estate. Our guest for today went from owning nothing to over 200 rentals in 10 years! His story is a source of inspiration, especially for those who have just started rental property investing.
We have Rahul Visal in today’s show. He is a very successful rental property investor who has seen growth opportunities in rental properties paired with hard work.
Hailing from India, he immigrated to the US to start a job with a prestigious company. Experiencing ups and downs at work, and eventually walked away from what most would consider a dream job, to focus on where his heart was - his own real estate investing business.
In this episode, Rahul Visal will share his real estate journey. As part of his journey, he will share the challenges he experienced, his realizations, and the lessons he learned from doing the business.
He will also share his views on the right timing to leave the full-time job, and his advice for those new to rental property investing.
Key Takeaways
[02:00] Rahul’s real estate journey
[14:28] The opportunities he sees from doing real estate
[17:40] The challenge of doing the BRRRR strategy back in 2008
[19:52] His realizations on real estate investing in the early days and how it evolves
[27:05] When is the right and practical time to leave the full-time job for him
[31:28] Why he prefers keeping things simple through single unit strategy
[41:26] His thoughts about the current market and investing in the future
[46:16] The lessons he learned and his best advice for the real estate newbies
[48:59] How to get involved with National RE Invest
[50:20] What National RE Invest teaches people
[52:26] The best way to reach out to Raul
Links
Conventional and Famous Blog by Seth Godin - https://seths.blog/
National RE Invest - https://www.nationalreinvest.com/optin1605566796431
Rahul Visal on LinkedIn - https://www.linkedin.com/in/rahul-visal-61203615/
Rahul Visal on Facebook - https://web.facebook.com/rahul.visal.1
Living Off Rentals YouTube Channel - https://www.youtube.com/channel/UCRpWXe2mWqBm5vvbO2R2AdA?sub_confirmation=1
Living Off Rentals Facebook Group - www.facebook.com/groups/livingoffrentals
Living Off Rentals Website - www.livingoffrentals.com
Living Off Rentals Instagram - www.instagram.com/livingoffrentals
Our guest for today has mastered the art of doing real estate investing. As a seasoned real estate investor, she has bought and sold over a thousand properties and currently manages over 500 properties!
We have Dani Lynn Robinson in today’s show. She started real estate investing in Texas in 2008 with her husband through the help of a real estate coach. Since then, they fell in love with cash flow and passive income. They explored more on real estate and have boomed through the years.
In this episode, Dani Lynn will share her real estate journey and her recommendations and strategies in starting, growing, and maintaining a real estate investing business that will stand through time.
Learn from the expert herself and apply those learnings in your real estate business to finally achieve the goal to live off rentals! Listen to this episode from start to finish.
Key Takeaways
[01:18] About Dani Lynn and her real estate journey
[05:03] Her recommendation for starters on where to initially focus
[06:27] On growing her company and not keeping all her rental properties
[07:50] How she structures and manages her own renovation business
[09:42] How she finances her deals and other properties she is keeping
[11:31] Where she buys her properties and how she targets the areas
[13:34] What she means with driving for dollars
[14:57] How she remained cut above her competition and growing
[16:52] Outlining her best and worst deals and her learnings from it
[22:18] Her thoughts about contractors in general
[23:36] More about her 56 units and her team
[31:26] Her best advice on working with investors
[33:00] The best way to get in touch with Dani Lynn
Links
Freedom Real Estate Group - https://freedomrealestategroup.com/
Turnkey Properties - https://turnkeyohio.com/
Living Off Rentals YouTube Channel - https://www.youtube.com/channel/UCRpWXe2mWqBm5vvbO2R2AdA?sub_confirmation=1
Living Off Rentals Facebook Group - www.facebook.com/groups/livingoffrentals
Living Off Rentals Website - www.livingoffrentals.com
Living Off Rentals Instagram - www.instagram.com/livingoffrentals
info@freedomrealestategroup.com
Every investor wants to live off rental and get that mailbox money, without any hassle. We have Marcus Maloney on today’s show. He is the equity guy, the host of the podcast We Love Equity Real Estate Show.
He grew up in Illinois and currently lives in Arizona. Rewind to the days when he was young - he grew up in both worlds, on a farm and the city, and both taught him valuable lessons that led to success in real estate investing.
In this episode, Marcus will talk about equity vs. cash flow. He will also talk about his real estate story and the strategies that help him attain success in his business. This episode will give listeners a new way of approaching real estate.
Find out what equity and cash flow do for your real estate business from Marcus. Learn new strategies to make your business better from this episode.
Key Takeaways
[01:57] His background and how he joined the real estate
[07:36] What his real estate strategy looks like now and how he got there
[09:21] How his real estate evolution started
[12:39] A combination of equity and cash flow in evaluating a rental property
[13:50] Where he buys his rental properties
[14:39] Areas where he does wholesales and rentals
[15:18] How working remotely works for him
[17:02] His strategy in finding deals
[20:29] How he found good managers
[24:04] His best and worst deals and learning from it
[30:50] How his goals adjust over time and his goals now
[34:15] The best way to get in touch with Marcus
Links
PropStream - https://www.propstream.com/
LeadSherpa - https://leadsherpa.com/
Marcus Maloney on Instagram - https://www.instagram.com/mrcsmaloney/
Marcus Maloney on Facebook - https://www.facebook.com/mrcsmaloney
Marcus Maloney on Twitter - https://twitter.com/mrcsmaloney
Marcus Maloney Youtube Channel - https://www.youtube.com/c/MrcsMaloney
Living Off Rentals YouTube Channel - https://www.youtube.com/channel/UCRpWXe2mWqBm5vvbO2R2AdA?sub_confirmation=1
Living Off Rentals Facebook Group - www.facebook.com/groups/livingoffrentals
Living Off Rentals Website - www.livingoffrentals.com
Living Off Rentals Instagram - www.instagram.com/livingoffrentals
Marcus Maloney Email - mmaloney@equityri.com
Podcast
We Love Equity Real Estate Show - https://marcusemaloney.com/podcast/
Short-term rental is a powerful wealth-building tool. One strategy to buy short-term rentals is through an IRA.
Our guest for today’s show is Brenda Whetsell. She is the Marketing Director at Midland IRA Inc. and has been with the company for eight years. Midland IRA Inc. is a self-directed IRA administrator that has been in the business for 20 years with thousands of clients all over the country. Their biggest asset in Florida is people buying rental properties using the retirement fund. It allows people to invest in alternative assets like real estate, futures, forex, LLCs, privately lend money, and more. They focus on all things tax-deferred.
In this episode, Brenda will give listeners valuable information about IRA, how it works, and the legality behind it. It is essential to learn the concept and technical details of investing through the IRA to keep you out of trouble and keep the IRS from coming after you.
If you are into short-term rental properties and are curious about how to get them inside the IRA, then this episode is a gem for you. It is time to hit that play button and learn.
Key Takeaways
[02:42] A little about Brenda and what Midland IRA Inc. is
[03:44] How a self-directed IRA works
[06:32] Her explanation on what a custodian is
[07:49] How it works at IRA in terms of money
[09:09] Two ways to invest in short term rentals using IRA
[12:11] On transferring properties you already own to IRA
[13:55] How transferring properties in IRA to heirs works
[15:10] When to withdraw funds at your self directed IRA without penalties
[16:04] The benefit of investing in short term rental properties inside IRA
[17:20] Mistakes she sees that most people make
[20:07] What the IRA management aspect includes
[22:01] Her point on IRAs as a good source of alternative funds and how it works
[25:35] The timeline and process of setting up a self-directed IRA at Midlands IRA
[26:28] The process and turnaround for requesting earnest money for a property
[28:35] Where to get a hold of Brenda
Links
Brenda Whetsell on LinkedIn - https://www.linkedin.com/in/brendawhetsell/
Midlands IRA Inc. - https://www.midlandtrust.com/
Living Off Rentals YouTube Channel - https://www.youtube.com/channel/UCRpWXe2mWqBm5vvbO2R2AdA?sub_confirmation=1
Living Off Rentals Facebook Group - www.facebook.com/groups/livingoffrentals
Living Off Rentals Website - www.livingoffrentals.com
Living Off Rentals Instagram - www.instagram.com/livingoffrentals
This episode will feature powerful resources on multifamily investing for new investors.
Our guest for today’s show is John Wilhoit. He is a Real Estate Asset Management Professional and a multifamily expert. He has assisted clients with over 60,000 units in 40 states. Despite his busy schedule, he also authored books: How To Read A Rent Roll and Multifamily Insight Volumes 1 and 2.
In this episode, John will talk about the right multifamily assets and markets to invest in to start building your real estate portfolio.
This episode is full of valuable information to guide listeners on the aspects to consider in multifamily real estate investing. Do not miss this one!
Key Takeaways
[01:45] How John got started with multifamily investing
[03:55] His journey in multifamily investing and the lessons he learned
[09:24] His specialized role as a real estate asset manager
[13:37] Getting into multifamily investing from the interest rate and analysis perspectives
[22:19] The concept of dollar-cost averaging assets over time
[23:32] Important aspects of multifamily investing to consider from the due diligence perspective
[26:42] On analysis based on his book How To Read A Rent Roll
[30:29] His view about which markets to invest in
[38:01] What will he do differently, with his knowledge, if given a chance to start again
[42:15] The best way to reach out to John
[42:23] About his Author Website pet project
Links
John Wilhoit Author Website - http://johnwilhoit.com/
Living Off Rentals YouTube Channel - https://www.youtube.com/channel/UCRpWXe2mWqBm5vvbO2R2AdA?sub_confirmation=1
Living Off Rentals Facebook Group - www.facebook.com/groups/livingoffrentals
Living Off Rentals Website - www.livingoffrentals.com
Living Off Rentals Instagram - www.instagram.com/livingoffrentals
Book
How to Read A Rent Roll by John Wilhoit, Jr. - https://www.amazon.com/Read-Rent-Roll-John-Wilhoit-ebook/dp/B00GT2G160
Multifamily Insight Volume 1 by John Wilhoit, Jr. - https://www.amazon.com/Multifamily-Insight-Vol-Through-Markets/dp/0985002700
Multifamily Insight Volume 2 by John Wilhoit, Jr. -
https://www.amazon.com/Multifamily-Insight-Vol-Through-Markets/dp/0985002743
This episode features helpful resources for real estate professionals who want to manage their business hands-on.
Our guest for today’s show is James Orr. He is a real estate investor and an agent. He is one of the hosts of the Nomad Real Estate Investing Podcast. He describes the podcast as a real estate investing podcast and recordings of live classes focused primarily on the Nomad™ real estate investing strategy. The podcast also covers the traditional buy and hold and ditch drive on the niche of the real estate process.
In this episode, James will focus on sharing these valuable resources -- Nomad real estate investing strategy and the real estate financial planner software. He will also talk about how these can be useful for real estate investors in managing their business.
Learn how to improve your real estate business in its technical aspect through the nuggets of information from James. Join James and Kirby in this enriching sharing of mind.
Key Takeaways
[02:15] How James got into real estate investing after leaving the military service
[05:04] His view on the difference between real estate entrepreneur and real estate investor
[06:21] The importance of knowing what you want to focus in doing real estate
[07:13] What the Nomad real estate investing strategy is and how it came to be
[09:14] The difference between Nomad investing and house hacking for him
[10:36] His opinion on attaining financial freedom using the real estate financial planner software
[17:37] His realizations on investing after creating the software
[18:23] What software considerations on reserves stands out for him
[22:57] James talks about calculating if college was worth it vs. investing in real estate
[25:14] Some of the critical mistakes people make on real estate investing for him
[28:21] On Dan Sullivan’s concept of the ceiling of complexity
[32:40] How he wants people to resonate with him
[33:51] The type of deals he focuses on and his goals
[36:43] His thoughts about the phases of financial independence
Links
Real Estate Investment Planner - https://realestatefinancialplanner.com/
Nomad Real Estate Investing Podcast - https://podcasts.apple.com/us/podcast/nomad-real-estate-investing-podcast/id1338925560
Living Off Rentals YouTube Channel - https://www.youtube.com/channel/UCRpWXe2mWqBm5vvbO2R2AdA?sub_confirmation=1
Living Off Rentals Facebook Group - www.facebook.com/groups/livingoffrentals
Living Off Rentals Website - www.livingoffrentals.com
Living Off Rentals Instagram - www.instagram.com/livingoffrentals
Cleanings are the most important factor for guests and one of the most challenging for the hosts. Finding ways to make housekeeping easier is a huge help for hosts.
Our guest for today’s show is Chris Carlone. He decided to realize his dreams by leaving his full-time job in 2016 in exchange for the opportunity to have his own short-term rentals business. He is now the CEO at Turnify, located in Philadelphia, Pennsylvania. Turnify (formerly TidyHost) is the most user-friendly housekeeping automation app for short-term rental hosts and property managers, the closest app to Airbnb cleaning.
In this episode, Chris will focus on sharing about the Turnify platform. He will also share the services it offers to make short-term rental hosts’ lives easier in terms of housekeeping. He will also highlight what makes Turnify unique from other platforms and share some tips on handling housekeeping for short-term rentals.
Get good information from Chris as he pours out his mind on the topic.
Key Takeaways
[02:07] What Chris does before Turnify and how he got into short term rentals
[04:11] His decision to leave corporate life and starting his first version of Turnify
[06:21] His short term rental experience and how he got the idea for the app
[11:20] How the Turnify app works and the services it provides
[14:22] The Quality Control process at Turnify
[18:48] On the availability of cleaners for smaller markets
[21:04] On handling inventory control aside from cleaning at Turnify
[23:18] On restocking amenities
[24:10] What makes Turnify unique from other platforms
[29:35] On Turnify pricing
[31:19] The two components of Turnify
[33:01] How the payment processing work
[35:45] His view on commercialization and thriving of short term rentals
[41:47] His thought about the competitive landscape of short term rentals
[43:49] Best way for people to get information or start with Turnify
Links
Turnify on LinkedIn - https://www.linkedin.com/company/turnify/
Turnify Email - support@turnify.com
Living Off Rentals YouTube Channel - https://www.youtube.com/channel/UCRpWXe2mWqBm5vvbO2R2AdA?sub_confirmation=1
Living Off Rentals Facebook Group - www.facebook.com/groups/livingoffrentals
Living Off Rentals Website - www.livingoffrentals.com
Living Off Rentals Instagram - www.instagram.com/livingoffrentals
Our guest for today’s show is Lauren Keen Aumond. She is a real estate investor and a finance connoisseur, with a business finance degree from the University of Florida. She is currently working on a certificate in personal finance. She has been featured in the BiggerPockets podcast.
In this episode, Lauren will focus on real estate investing and a little bit of personal finance. Along with that topic, she will open up about her experiences and what she learned from them. She will also give some tips on doing real estate investing and adapting in times of uncertainties.
Learn tips and tricks from Lauren as she explains her experiences and shares her story. It is time to listen to this episode.
Key Takeaways
[01:41] A little bit about Lauren, what ‘adulting is easy’ is, and why it is important
[05:54] What financial independence is for her and her plans around it
[08:17] An overview of the deals that she has done, her best deal, and the lessons she learned
[12:41] Her philosophy on looking back
[14:04] What deals she has recently done, how it is performing, and where she is heading
[32:04] On financing and appraising her properties
[34:44] Her biggest blessing or things she could have done better on her recent deal
[41:22] How her perspective shifts over time and her current focus on deals
[46:01] How to easily get in touch with Lauren
Links
Realadultingiseasy Blog and Podcast Website - https://www.realadultingiseasy.com/
Adulting Is Easy Podcast on Apple - https://podcasts.apple.com/us/podcast/adulting-is-easy/id1486213364
Adulting is Easy on Twitter - https://twitter.com/adultingiseasy?lang=en
Vacation Tarpon Springs on Instagram - https://www.instagram.com/vacationtarponsprings/
Living Off Rentals YouTube Channel - https://www.youtube.com/channel/UCRpWXe2mWqBm5vvbO2R2AdA?sub_confirmation=1
Living Off Rentals Facebook Group - www.facebook.com/groups/livingoffrentals
Living Off Rentals Website - www.livingoffrentals.com
Living Off Rentals Instagram - www.instagram.com/livingoffrentals
Our guest is now running a seven-figure business with more than 600 clients and 101 employees by utilizing his core skills and knowledge he got from Microsoft. He is also helping other investors market their business to reach and convert off-market sellers and buyers for agents.
Our guest for today’s show is Gus Munoz Castro. He grew up in Mexico and migrated to the US. He is a former Senior Engineer at Microsoft who took what he learned in Microsoft and poured it into his business. He is an expert in Facebook marketing.
In this episode, Gus will share his story on how he started and scaled his business. He will also share how the community can benefit from this knowledge and start getting some more off-market leads.
Join Gus in this episode’s meaty discussion. Learn ways to enhance your business through his valuable tips!
Key Takeaways
[02:15] What urged Gus to let go of Microsoft
[11:43] When he decided to start his own marketing company and the story behind it
[17:26] What is an Inside Sales Agent and what to expect from them
[19:04] What market suits hiring an ISA
[22:52] On using Facebook ads and other online platforms for sellers and investors
[26:11] His recommendation for investors to experience using online tools themselves
[32:21] Practices he recommends leading to more profitability
[37:21] His process of turning prospects into deals
[41:40] His tips on doing follow-ups
[46:59] How to work with Gus
Links
PowerISA Website - https://www.powerisa.com/
PowerISA Mastermind Facebook Group - https://web.facebook.com/groups/powerisamastermind/?_rdc=1&_rdr
Living Off Rentals YouTube Channel - https://www.youtube.com/channel/UCRpWXe2mWqBm5vvbO2R2AdA?sub_confirmation=1
Living Off Rentals Facebook Group - www.facebook.com/groups/livingoffrentals
Living Off Rentals Website - www.livingoffrentals.com
Living Off Rentals Instagram - www.instagram.com/livingoffrentals
Our guest for today’s show is Michael Hughes. He served in the military in El Paso, Texas, and is now at the point where his rental portfolio can now support him, and he is living off rentals.
In this episode, Michael will talk about his real estate investing journey and how he got to his destination successfully. He will share the process of acquiring, financing, and managing his properties. Also, he will share the perks of being a realtor aside from being an investor.
Are you working on transitioning from your 9 to 5 job to becoming a full-time real estate investor and live off rentals? Then this episode has great information to guide you through it.
Key Takeaways
[02:44] Michael’s background and how he got into real estate investing
[04:57] Going through his rental portfolio and living off rentals
[14:29] How he used his VA loan twice in financing his properties
[18:02] What he did next as a realtor after getting his first two properties via VA loan
[22:09] His tips on how to find a real estate investor-friendly realtor
[28:17] The ideal property that he is targeting
[30:26] About the Airbnb property that he bought, the numbers behind it, and occupancy rate
[35:15] His plans for his business
[36:53] About the El Paso market
[39:03] On managing rentals himself and having a property manager and some hacks
[42:28] The best way to reach out to Michael
Links
MLS Website - http://www.mls.com/
Michael Hughes on Facebook - https://www.facebook.com/michaelhugheselpasorealtor
Michael Hughes on LinkedIn - https://www.linkedin.com/in/michael-hughes-a824719b/
Living Off Rentals YouTube Channel - https://www.youtube.com/channel/UCRpWXe2mWqBm5vvbO2R2AdA?sub_confirmation=1
Living Off Rentals Facebook Group - www.facebook.com/groups/livingoffrentals
Living Off Rentals Website - www.livingoffrentals.com
Living Off Rentals Instagram - www.instagram.com/livingoffrentals
Book
Rich Dad, Poor Dad by Robert Kiyosaki - https://www.goodreads.com/book/show/69571.Rich_Dad_Poor_Dad
Our guest for today’s show is David Pere. David started the community, From Military To Millionaire. He is also a real estate investor, while serving in the military. He is also a family man with three kids.
In this episode, David shares some of the big financial mistakes that he made as a young soldier and how he learned and grew from them and eventually started a community and movement to help other military personnel avoid some of the same mistakes he made and get to millionaire status quicker.
A lot will be in this episode about business and personal wellbeing.
Key Takeaways
[02:36] A little about David and his portfolio since 2015
[08:21] His current portfolio mix and getting keyed on the market
[12:46] His strategies to find off-market deals
[17:14] What he could have done differently in the past to attain financial freedom
[23:08] His favorite strategy to use in real estate investing
[25:17] How he finance the land and house in purchasing the property
[26:58] More of his favorite strategy in real estate investing
[32:39] What his thinking trip video is about and its takeaways
[39:02] How to find more about the From Military To Millionaire community
Links
Biggerpockets: https://www.biggerpockets.com/
Callporter: https://www.callporter.com/
From Military To Millionaire: https://www.frommilitarytomillionaire.com/
From Military To Millionaire Instagram: https://www.instagram.com/frommilitarytomillionaire/
Living Off Rentals YouTube Channel - https://www.youtube.com/channel/UCRpWXe2mWqBm5vvbO2R2AdA?sub_confirmation=1
Living Off Rentals Facebook Group - www.facebook.com/groups/livingoffrentals
Living Off Rentals Website - www.livingoffrentals.com
Living Off Rentals Instagram - www.instagram.com/livingoffrentals
Book
Rich Dad, Poor Dad by Robert Kiyosaki - https://www.goodreads.com/book/show/69571.Rich_Dad_Poor_Dad
Stillness Is the Key by Ryan Holiday - https://www.goodreads.com/book/show/43582733-stillness-is-the-key
Struggles or difficulties in life are push factors to make a person work harder to change their situation.
Our guest for today’s show is Kyle Mack. As a kid, he always thought about going out with friends or having pizza but struggled to do it due to his financial situation. His struggles made him dream big to have more money and not live from paycheck to paycheck. Jumping into real estate investing made it possible for him to buy what he wants at his own pace.
In this episode, Kyle will share nuggets of wisdom with listeners as he talks about his story and how he got into real estate investing. He will talk about how he got the essential information to help him start his business. Along this line, Kyle will talk about his property portfolio, his best and challenging deals, dealing with credit unions, lessons Kyle learned from his deals, and how the BRRRR strategy helped him to attain success. He will also give bits of advice for aspiring investors.
Get your share of Kyle’s wisdom in doing the business. Learn how he makes his business profitable. Do not miss this episode!
Key Takeaways
[02:51] A walkthrough on how Kyle started in real estate investing
[10:12] The first few properties he purchased
[12:31] His recommendation to buy a duplex as a starter
[14:36] His initial goal in doing real estate, his goal adjustment over time, and his progress
[19:27] His first sources of information he found when he started
[24:29] His portfolio, his best and most challenging deals, and lessons he learned from it
[35:36] The steps in using the BRRRR strategy in his business
[41:03] Mailers he uses in challenging markets
[42:33] On honesty and transparency as keys to the wholesaling business
[43:21] His advice for new investors or entrepreneurs
[33:28] Best ways to reach out to Kyle
Links
CoStar Website - https://www.costar.com/
BiggerPockets Website - https://www.biggerpockets.com/
Acre Website - https://www.acre.org/
Kyle Mack on Facebook - https://web.facebook.com/lamar.mack
Kyle Mack’s Email Address - kyle@mackximus.com
Mackximus Website - https://mackximus.com/
Living Off Rentals YouTube Channel - https://www.youtube.com/channel/UCRpWXe2mWqBm5vvbO2R2AdA?sub_confirmation=1
Living Off Rentals Facebook Group - www.facebook.com/groups/livingoffrentals
Living Off Rentals Website - www.livingoffrentals.com
Living Off Rentals Instagram - www.instagram.com/livingoffrentals
Investing in a Multi-Family property is quite a challenge, especially when acquiring it as a first deal. But our guest for today thought about it as an opportunity to start his real estate investing business and growing it.
In today's show, Charlie Cameron will share how he took the challenge of investing in multi-family and short-term rentals and how he managed to grow it. Not only that, but he also balances his time doing the business while having a career in the military and spending time with his beautiful family.
In this episode, Charlie talks about his experiences and strategies in doing multi-family and short-term rentals while hustling as an air force captain. He will also share his views about being a realtor while doing real estate investing. Also, Charlie will share the tools used that will surely benefit the audience. Lastly, he will give tips for those who are new to real estate investing.
Hear his story and how he remained successful while having a lot to carry on his shoulder. Get those ears ready for this information-filled podcast.
Key Takeaways
[01:30] The background of Charlie and how he got into real estate investing
[03:56] How he balances his time with business, family, and other things he loves
[08:43] His ultimate goal for his real estate business
[11:47] His thought process in investing in multi-family and transitioning to other investments
[15:12] Breaking down his 16-unit deal
[18:07] His view on the difference between multi-family and short term rentals
[20:49] The lessons he learned and tools he uses in doing short-term rentals
[27:10] His say on the idea that all real estate investors should become realtors
[28:58] His goal with realty
[31:42] His bits of advice for those who are new to real estate investing
[33:28] How to find Charlie
Links/Email
Charlie Cameron on LinkedIn - https://www.linkedin.com/in/affordablerei/
Charlie Cameron on BiggerPockets - https://www.biggerpockets.com/users/ReinvestSuccess
Charlie Cameron’s Email Address - crushitwithcharlie@gmail.com
Charlie Cameron on Facebook - https://web.facebook.com/pg/crushitwithcharlie/photos/
Charlie Cameron on Instagram - https://www.instagram.com/crushitwithcharlie/
Agent Wealth Hustle Website - https://agentwealthhustle.com/
Airbnb - https://www.airbnb.com/
Yourporter Website - https://yourporter.com/
Turnoverbnb Website - https://turnoverbnb.com/
Pricelabs Website - https://hello.pricelabs.co/
Book
Rich Dad, Poor Dad by Robert T. Kiyosaki - https://www.goodreads.com/book/show/69571.Rich_Dad_Poor_Dad
Optimize my Airbnb by Daniel Vroman Rusteen - https://www.goodreads.com/en/book/show/37811096-optimize-your-airbnb
Financial freedom is the ultimate goal that real property investors are yearning for. Reaching this goal is why they work hard despite all the extreme stresses brought about by strenuous transactions. But what if there is an easier way to do it for less?
For today's show, our guest will share her perspectives about an opportunity to make real property investors' lives easy -- real estate investment portfolios in low-priced minority neighborhoods - profitably and compassionately. Lisa is the author of the book Investing in Rental Properties for Beginners that contains gems for those new investors. She is a well-known real estate investing influencer and mentor in the rental property coaching space and a sought-after guest for personal finance and real estate investing radio shows and podcasts. Also, she is the founder of Affordable Real Estate Investments that aims to turn black professionals into rental property owners.
In this episode, Lisa Phillips will dig deep into investing in the sub-$30K market in property investing, a lucrative strategy most people do not consider. She will talk about how she discovered the strategy and what it is like to invest in the sub-$30K market. She will also give advice and recommendations on ideal deals, managing properties, and being proactive amidst the pandemic.
Are you curious to know how to invest in affordable neighborhoods and learn the new strategy? Hear it from the expert. Listen to this podcast to know about it and more!
Key Takeaways
[02:17] A little about Lisa and how she discovered the new investment strategy
[12:37] Her advice on putting time and energy into work
[14:18] Her advice for people who are affected by the pandemic
[17:29] What the sub-$30K market is and how her ideal deal works in this category
[19:05] The typical solid deal for Lisa
[23:43] On resiliency during COVID
[26:03] Lessons she learned the hard way that made her do business better
[28:16] Her recommendations for beginners on managing properties
[30:07] On acquiring properties for her business
[30:52] Issues she encountered as a remote investor during the pandemic
[35:09] To get hold or work with Lisa
Links
Lisa Phillips on LinkedIn - https://www.linkedin.com/in/affordablerei/
Lisa Phillips Website - http://affordablerealestateinvestments.com/
Lisa Phillips FB Group - https://web.facebook.com/groups/292425587999267
Living Off Rentals YouTube Channel - https://www.youtube.com/channel/UCRpWXe2mWqBm5vvbO2R2AdA?sub_confirmation=1
Living Off Rentals Facebook Group - www.facebook.com/groups/livingoffrentals
Living Off Rentals Website - www.livingoffrentals.com
Living Off Rentals Instagram - www.instagram.com/livingoffrentals
Book
Investing in Rental Properties for Beginners by Lisa Phillips - https://www.goodreads.com/en/book/show/41036041-investing-in-rental-properties-for-beginners
This is a very inspiring episode. Our guest today shares about how he got a second chance at life and career, and how he used that opportunity to soar high in his business and attain massive success.
We have today, Timothy Francis, a super entrepreneur. He is a guest lecturer at NYU in New York City, has been featured on Forbes and Inc. Magazine websites, and has a powerful story to tell to inspire entrepreneurs. He owns two successful companies, Profit Factory, and My Great Assistant. He helps entrepreneurs understand their numbers to make clean, CEO-level decisions by the numbers and find options to amplify profitability.
In this episode, Tim will share his story that will bring aha moments to listeners, his challenges in life and business, and how he bounced back from the downfall that eventually led him to success.
He will also share his perspective on entrepreneurship as well as real estate investors. Also, Tim will talk about entrepreneurial accounting and why it is essential to entrepreneurs. Lastly, he will talk about the right mindset to get assistants.
Get your share of Tim’s wealth of knowledge in this episode. Learn how he became a super entrepreneur. If you are looking for that aha moment in your career, then this is an episode for you.
Key Takeaways
[02:08] Tim’s powerful story and how it led him to his success as an entrepreneur
[17:38] His current biggest struggle as an entrepreneur
[20:28] What real estate investors do and their responsibilities for Tim
[27:28] What entrepreneurial accounting is and how it helps entrepreneurs
[35:43] His advice on the right mindset to getting assistance for starters
[49:43] Where to know more about Know Your Numbers Workshop or Great Assistant
[50:23] Where to get free resources on managing, hiring, and delegating
[51:03] What bundle he offers in his course
Links
Timothy Francis on LinkedIn - https://www.linkedin.com/in/timothyjfrancis/
Know Your Numbers Website - https://knowyournumbersworkshop.com/livingoffrentals
Great Assistant Website - https://greatassistant.com/livingoffrentals
Living Off Rentals YouTube Channel - https://www.youtube.com/channel/UCRpWXe2mWqBm5vvbO2R2AdA?sub_confirmation=1
Living Off Rentals Facebook Group - www.facebook.com/groups/livingoffrentals
Living Off Rentals Website - www.livingoffrentals.com
Living Off Rentals Instagram - www.instagram.com/livingoffrentals
Book
Rich Dad, Poor Dad by Robert T. Kiyosaki - https://www.goodreads.com/book/show/69571.Rich_Dad_Poor_Dad
So Good They Can’t Ignore you by Cal Newport - https://www.goodreads.com/book/show/13525945-so-good-they-can-t-ignore-you
Today’s show is a treat for knowledge-hungry listeners as we have a financial guru who will share his perspectives on real estate investing and financing.
We have today Daniel Rosen, the Chief Lending Officer and one of the founders of Renovo Financial. It is a rapidly growing specialty finance business designed to capitalize on the significant market opportunity in providing capital to residential real estate investors. Renovo’s high-touch service, expert advice, and speed combined with flexible and innovative loan products allow its borrowers to commit to and undertake projects with confidence. Renovo typically funds small to mid-sized projects up to $1 million.
In this episode, Daniel will talk about investor financing and other options to finance real estate projects. With this, he will share about his humble beginnings in investor financing and starting Renovo Financials. Daniel will give a lot of advice throughout the episode that will surely feed up the listeners with his valuable inputs on what to watch out for to stay out of problems, investing for new investors, and what to do to be successful. He will also share the plans for Renovo in the coming years.
If you are about to expand your real estate portfolio and need advice on how to finance it, then this might be the right episode for you. Listen and find out more about it!
Key Takeaways
[03:50] How Daniel got into investor financing
[05:55] His first-hand experience from jumping into lending
[06:58] His timely start to lending and its challenges
[08:39] The birth and rebirth of Renovo
[09:56] What he thinks changed in the money business
[13:23] What options Renovo offers
[16:20] Daniel’s advice on being careful in doing real estate business
[20:32] Business direction concerning the dropping interest rate for him
[27:35] His perspective on what investors should do to stay out of the problem
[31:30] His advice for new real estate investors
[32:38] What his clients do to be successful
[37:38] Next evolution for Renovo in the coming years
[41:19] Renovo’s long term loans for long term rentals
[43:23] Best way to get a hold of Renovo or Daniel
Links/Email
Daniel Rosen on LinkedIn - https://www.linkedin.com/in/daniel-rosen-5841832/
Renovo Financials Website - https://www.renovofinancial.com/team
Living Off Rentals YouTube Channel - https://www.youtube.com/channel/UCRpWXe2mWqBm5vvbO2R2AdA?sub_confirmation=1
Living Off Rentals Facebook Group - www.facebook.com/groups/livingoffrentals
Living Off Rentals Website - www.livingoffrentals.com
Living Off Rentals Instagram - www.instagram.com/livingoffrentals
Today’s show features a guest who is a perfect example of someone who left his nine to five and chose to live off rentals. He lives a better life and enjoyed touring the world with just one property listing with AirBNB way back in 2012. He got the idea to be an Airbnb host from his first-hand experience staying at an Airbnb property and loving the experience.
Jasper Ribbers is the author of the book Get Paid for Your Pad: How to Maximize Profit from your Airbnb Listing. He also co-hosts the Get Paid For Your Pad podcast, covering all subjects related to Airbnb hosting and real-life experiences told by Airbnb hosts from all around the world.
In this episode, Jasper will share how he lived-off rentals with only one property at first. He will share his journey and challenges as well as expanding it to other parts of the world. Listeners will also learn from his perspectives on doing short-term rentals and strategies to price and manage them. He will also talk about how investing in other countries works for him.
If you are looking into expanding your business internationally or aim to learn strategies from the one who has successfully done it, then this is an episode that you do not want to miss!
Key Takeaways
[01:38] Getting started with his business through Airbnb
[03:08] Expanding his business in other countries
[04:10] Jasper talks about his new ventures in San Diego
[06:08] The changes he sees in AirBNB hosting over time
[08:47] His advice on deciding how to start with STR and entry point options
[12:07] On initially living off with one property
[13:42] His recommended property management software
[17:28] His bits of advice on pricing strategies
[22:40] His opinion on how to be a successful host
[25:58] On add ons to AirBNB properties to increase bookings
[27:37] The future upgrades or platform for the STR industry for him
[30:24] How he gets comfortable in investing internationally and tips in doing it
[33:30] His business goals and plans
Books
Get Paid for Your Pad by Jasper Ribbers - https://www.goodreads.com/book/show/23583219-get-paid-for-your-pad
Essentialism by Greg McKeown - https://www.goodreads.com/book/show/18077875-essentialism
Links/Email
Jasper Ribbers on LinkedIn - https://www.linkedin.com/in/jasperribbers/
Get Paid For Your Pad Website - https://getpaidforyourpad.com/
STR Legends Website - https://www.strlegends.com/
STR Profit Academy Website - https://www.strprofitacademy.com/
Your Porter App Website - https://yourporter.com/
iGMS Website - https://www.igms.com/
Guesty Website - https://www.guesty.com/
Lodgify Website - https://www.lodgify.com/
Wheelhouse Website - https://www.usewheelhouse.com/
Price Labs Website - https://hello.pricelabs.co/
Living Off Rentals YouTube Channel - https://www.youtube.com/channel/UCRpWXe2mWqBm5vvbO2R2AdA?sub_confirmation=1
Living Off Rentals Facebook Group - www.facebook.com/groups/livingoffrentals
Living Off Rentals Website - www.livingoffrentals.com
Living Off Rentals Instagram - www.instagram.com/livingoffrentals
Renting out properties entails many responsibilities in managing tenants to adhere to rules. One of our guests for this episode learned about it the hard way through a party incident resulting in a cease and desist letter from his building and many angry neighbors that forced him to sell his property and lost over $30,000.
We have two seasoned short-term rental hosts in the industry, David Krauss and Dana Lubner, as our guests in today’s episode. David is AirBNB’s longest-running super host and the Co-Founder and CEO of Rent Responsibly, a short-term rental advocacy platform that helps local alliances create a sustainable future for STRs in communities, with Dana as its head of advocacy.
In this episode, David and Dana will talk about their love for hospitality that kept their advocacy going. They will share their views on responsible hosting, and advocating it through the Rent Responsibly network. David will also share about the NoiseAware system and its benefits to STRs. They will also share their learnings from their Rent Responsibly journey and their advice on finding the best short-term management system.
This episode will help short-term rental owners to realize their responsibilities and learn how to rent responsibly! Do not miss this episode!
Key Takeaways
[02:06] David and Dana’s love for hospitality and their advocacy kept them going
[07:33] Their advocacy on having a sustainable future responsibly
[10:54] The advocate-celebrate-educate approach for responsible hosting
[17:30] How hosts can get involved in the advocacy
[18:37] Their system built for the host to do DIY in starting the advocacy
[20:36] Learning from the Ford modality story or paradigm to solve potential problems
[26:56] What NoiseAware is and how it works
[31:20] What David recommends people do to use the NoiseAware in actual situations
[37:25] Dana’s learnings from her advocacy experiences in Denver
[40:57] David’s AirBNB reward for being a super host for so long a time
[47:07] Their advice on finding the best short-term management system
[50:37] On joining the Rent Responsibly network for free to get assisted
Links/Email
David Krauss on LinkedIn – www.linkedin.com/in/david-krauss
David Krauss Email – david@rentresponsibly.org
Dana Lubner on LinkedIn – www.linkedin.com/in/danahills
Dana Lubner Email – dana@rentresponsibly.org
Rent Responsibly Website – www.rentresponsibly.org
NoiseAware Website – www.noiseaware.io
Track – www.trackhs.com
Futurestakes – www.futurestakes.com
Living Off Rentals Youtube Channel - https://www.youtube.com/channel/UCRpWXe2mWqBm5vvbO2R2AdA?sub_confirmation=1
Living Off Rentals Facebook Group - www.facebook.com/groups/livingoffrentals
Living Off Rentals Website - www.livingoffrentals.com
Living Off Rentals Instagram - www.instagram.com/livingoffrentals
Investing in rentals can be incredibly powerful and a way to build wealth.
So why is it so rare to meet people who are financially free through rentals?
What does “financially free” even mean?
In this week’s episode, host, Kirby Atwell, answers these questions and goes over 8 steps to get to financial freedom in the next 3-5 years starting from scratch!
If you would like to see the recording of the webinar go to https://youtu.be/OcFnQwRb1b0
Links
Green Vet Homes Website - https://www.greenvethomes.com/
Living Off Rentals Facebook Group - https://www.facebook.com/groups/LivingOffRentals/
Living Off Rentals YouTube Channel - https://www.youtube.com/channel/UCRpWXe2mWqBm5vvbO2R2AdA?sub_confirmation=1
Living Off Rentals Website – www.livingoffrentals.com
Today’s guest is Shelby Osborne, a real estate investor and a broker who owns the Five Pillars Realty Group at eXp and the founder of Pints & Properties. She managed to grow her rental portfolio in just a few short years to 74 properties after serving as an officer in the US Army for eight years.
In this episode, Shelby will share her real estate investing journey, her strategies for managing her growing portfolio, and how she found her niche on the investor side of the house. Apart from her real estate venture, she will also share a little of her consultancy and photography business. She will also talk about her reason for doing meetups through pints & properties.
Listen to this episode and get tips on how she achieved massive success in real estate in so short a time. Hit that play button and enjoy!
Key Takeaways
[01:46] Shelby’s experience as an officer in the US Army and how she ended up in the real estate
[03:41] Investing while in the US Army through her VA loan
[04:47] On investing in a duplex for her first investment property and living for free
[07:56] On being the right fit to have a real estate investing business
[10:08] How she sets up her brokerage firm
[10:52] On working a lot with military
[13:03] How she progressed her property to 74 doors
[15:10] Her means to manage her properties
[17:18] Building her system in Trello
[19:20] What system she uses in handling short term rentals
[22:38] About her consultancy and photography businesses
[26:31] What among her businesses has the highest ROI and what she wants she wants to focus on
[29:42] What pints and properties meet up is and how it works
[32:47] Her best advice for startup real estate investors
Links/Contact Number
- Shelby Osborne on Facebook - https://www.facebook.com/RealEstatewithShelbyOsborne
- Shelby Osborne on Instagram - https://www.instagram.com/realestatewithshelbyosborne/?hl=en
- Trello - https://trello.com/
- AirDNA - https://www.airdna.co/
- Plushy Post -
- My People app - https://www.microsoft.com/en-us/p/my-people/9nblggh092lp?activetab=pivot:overviewtab
- Pints and Properties Website - https://pintsandproperties.com/
- Five Pillars Property Website -https://fivepillarsrealty.com/
- Living Off Rentals Facebook Group - https://www.facebook.com/groups/LivingOffRentals/
- Living Off Rentals Youtube Channel - https://www.youtube.com/channel/UCRpWXe2mWqBm5vvbO2R2AdA?sub_confirmation=1
Emma Powell is a former real estate photographer for ten years with a degree in entrepreneur and management. She started bringing in a decent income with her family through investing in their homes that led her into doing real estate business. As a stay-at-home mother of six, Emma joggled her time taking care of them and running her business. She started owning and building up multi-family properties and found partners to go bigger with commercial apartment buildings where she found her niche.
In this episode, Emma talks about how she managed to do the real estate business while taking care of and homeschooling her six kids. She will also talk about her experiences, what lessons she got from them, and how she rose from her failures to become big in the business by finding the right people to help her. Emma also shared about the FIRE movement and how it works.
This episode is what aspiring business people and mothers should hear to finally take a step to start a business in real estate and be successful!
Key Takeaways
[02:01] About Emma and how she got into the real estate business
[09:54] What pushed her to pursue the business
[12:59] The lessons learned from her renting experience
[15:18] On starting as a hard money lender and learning how to do the business
[19:02] Her best and worst deals in doing real estate and what it taught her
[23:36] Dealing with business failures with her husband
[28:23] Moving on with her business and getting bigger deals
[31:33] Earning big in investing in class D properties
[33:37] Finding her partners remotely through social media
[38:08] Her view on property management and managing the manager
[40:18] The FIRE (Financial Independence Retire Early) Movement and its approaches
[41:49] What the lean FIRE approach is
[52:08] Her focus on spending less and earning more in reaching her goal
[53:55] Her bits of advice for those who are planning to pursue the real estate business
Links/Contact Number
- Emma Powell on LinkedIn - https://www.linkedin.com/in/emmapowell28/
- Living Off Rentals Facebook Group - https://www.facebook.com/groups/LivingOffRentals/
- Living Off Rentals Youtube Channel - https://www.youtube.com/channel/UCRpWXe2mWqBm5vvbO2R2AdA?sub_confirmation=1
Jeff Garza hailed from a construction family where he trained as an architect. He joined the Marine Corps handling construction management, learning first hand about home renovation from this experience before venturing into the home renovation business where he found his niche.
Jeff is now the General Manager and Owner of HPI that has served over 11,000 customers since 2000. He has successfully grown his business with his family from flipping houses to owning a construction company!
In this episode, learn how Jeff grew his business with his family, his perspective in starting and handling it, and his love for learning that led him to success.
Listen to his advice and learn the nitty-gritty ways of getting into the renovating business!
Key Takeaways
- Starting another business as a solution
- Flipping houses vs. Construction projects
- Achieving success by acknowledging his strengths and weaknesses
- On having a complementary business for growth
- On expediting timeline for house renovations
- Keeping his business within his family
- Using LMS in sourcing his clients
- Screening contractors before he gets into a deal
- Screening contractors through initial impressions, history, and work execution
- On running the numbers and pulling the trigger in buying multi-family properties
- Understanding the process of construction by reading essential books
- His advice on using web-based software for setting up the investment process
Links/Contact Number
- Jeff Garza Email - jeff@hpihomepros.com
- Jeff Garza Office # - 4107572658
- Jeff Garza Website - https://www.hpihomepros.com/
- Living Off Rentals Facebook Group - https://www.facebook.com/groups/LivingOffRentals/
- Living Off Rentals Youtube Channel - https://www.youtube.com/channel/UCRpWXe2mWqBm5vvbO2R2AdA?sub_confirmation=1
Books
- The Great Game of Business by Jack Stack - https://readingraphics.com/book-summary-the-great-game-of-business/
Jason Nazarenko is a retired Army Chief Warrant Officer Helicopter Pilot that saw the potential of short term rentals in his community. So, he grabbed the opportunity and has transformed his properties into high-quality vacation rentals that make you feel at home!
He has created his own niche by prioritizing hospitality above anything else. He is the founder of PotterBlock.com and has invested in buildings, apartments, and even in churches that made his real estate investing business uniquely his!
In this episode, learn the different ways that you can convert establishments into short term rentals. Jason also shares how he provides the best possible experience through his properties, the systems he uses, and the importance of bringing value to the community.
Listen and learn some tips and tricks to start your own short term rental investing!
Key Takeaways
Renovating the worst building into 2 vacation rentals
Why vacation rentals best fit his location
How the 1% rule, breakeven analysis, and occupancy rates help with his investing decisions
Cleaning the properties by themselves first before hiring
How his team is naturally growing around him
Building his niche by investing in churches
How getting involved in the community helps you find opportunities
Adding value to the city to gain support from its residents
Why you should ”just do it” and invest
Links
iGMS Vacation Rental Software - https://www.igms.com/
Cotter Downtown Church Website - https://cotterdowntownchurch.com/
Jason Nazarenko Website - https://www.potterblock.com/
Jason Nazarenko Facebook - https://www.facebook.com/jason.nazarenko
Jason Nazarenko LinkedIn - https://www.linkedin.com/in/nazarenkoja/
Jason Nazarenko Email - jasonnazarenko@gmail.com
Living Off Rentals Facebook Group - https://www.facebook.com/groups/LivingOffRentals/
Living Off Rentals Youtube Channel - https://www.youtube.com/channel/UCRpWXe2mWqBm5vvbO2R2AdA?sub_confirmation=1
Today’s guest has exceptional experiences in real estate investing. Andrew Dorazio was a US Army veteran when he discovered the idea of real estate investing. So, he took the risk to invest in various properties with diverse markets.
Single-family properties, multifamily properties, short-term rentals, a 4-plex, and an 11-unit property - you name it! He has a decade worth of investing experience in all these types of properties and he is just getting started!
In this episode, identify the perfect market for you by listening to the different markets he has invested in - El Paso, Cleveland, Chicago, and Nashville. You’ll also learn from his own experience as he shares the ups and downs of his investing strategies in these different markets and types of properties.
There’s more! You’ll hear tons of advice and lessons that he acquired to be able to make better investing decisions so this is an episode that you don’t want to miss!
Key Takeaways
- Why El Paso is a great market for new investors
- Why you should check every unit of your property
- What to look for in a property manager
- Retaining existing tenants than attracting new ones
- Learnings from his experience in the Cleveland market
- His analytical approach to the Nashville market led him to his best deal yet
- How the pandemic affected his investments
- Why he is attracted to the Chicago market
- Focusing his time on finding deals and raising capital
- Why bad things can happen even in a good market (and other wholesome advice!)
Links
- Andrew Dorazio Email - andrew.dorazio2007@gmail.com
- Andrew Dorazio Contact Number - (914) 420-2881
- Living Off Rentals Facebook Group - https://www.facebook.com/groups/LivingOffRentals/
Books
- Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not! by Robert T. Kiyosaki - https://www.amazon.com/Rich-Dad-Poor-Teach-Middle/dp/1612680194
- Foreclosure Investing For Dummies by Ralph R. Roberts - https://www.amazon.com/Foreclosure-Investing-Dummies-Ralph-Roberts-ebook/dp/B000WPXTAQ
Tired of not seeing improvement in your life from one year to the next?
We all know New Year's resolutions don't work. These leave out critical components that lead to goals actually coming to fruition.
In this recent webinar, I broke down the 3 main components of setting goals that actually stick, as well as the best framework for tracking the alignment of your goals.
If you would like to see the recording of the webinar go to https://youtu.be/wdS8DAaKBpY
Links
Green Vet Homes Website - https://www.greenvethomes.com/
Living Off Rentals Facebook Group - https://www.facebook.com/groups/LivingOffRentals/
Living Off Rentals YouTube Channel - https://www.youtube.com/channel/UCRpWXe2mWqBm5vvbO2R2AdA?sub_confirmation=1
Living Off Rentals Website – www.livingoffrentals.com
Living Off Rentals Ultimate Goal Setting Video Webinar – www.livingoffrentals.com/goals
Today’s guest knows what it takes to transition from his W-2 job to become a successful real estate investor. Realizing his personal goals of achieving financial independence and the ideal client he wants to work for, he started his real estate investing journey.
In his first year of investing, he flipped over 75 properties! And in just 3 years, Steven Pesavento has become the host of the Investor Mindset Podcast, the founder of VonFinch Capital, and has done hundreds of real estate deals!
You’ll certainly relate to his stories as he shares how his experiments and failures help him learn and envision the goals he wants to achieve. In this episode, he also shares the mindset shift that investors need to make in order to pursue their personal goals.
Want to know the impact of mindset on your success? Listen until the end of the episode!
Key Takeaways
- How he got into real estate investing
- Trying different things to realize what he wants
- His purpose in building VonFinch Capital
- How to identify your risk tolerance in investments
- How his personal goals made him transition to commercial real estate
- Building relationships with business partners
- Adding value and efficiency to his investments
- Why you should learn to own your identity
- His parting advice to real estate investors
Links
- The Investor Mindset Podcast - https://investor-mindset.simplecast.com/
- Principles of Success for Real Estate Investors Free E-Book - https://action.theinvestormindset.com/ebook-principles-of-success
- The Investor Mindset Website - https://theinvestormindset.com/
- Steven Pesavento LinkedIn - https://www.linkedin.com/in/stevenpesavento/
- Steven Pesavento Facebook - https://web.facebook.com/thestevenpesavento
- Steven Pesavento Instagram - https://www.instagram.com/steven.pesavento/
- Living Off Rentals Facebook Group - https://www.facebook.com/groups/LivingOffRentals/
What is the most important document you need?
Well, the answer is your Scope of Work.What is the Scope of Work (SOW)? How do you utilize it?
In today’s episode, Kirby shares in-depth information about the SOW, what it is, and how to use it, and when to use it.
You don’t want to miss this episode!
Key Takeaways
How Kirby got started in RE
How he started after leaving the military
First learning about the Scope of Work
Details about the Scope of Work
Incorporate your Scope of Work in your contract with contractors
How the SOW keeps everyone on the same page to include payments
Start your first job with a SOW of labor only
Put it all in writing – the SOW is a living document
Links
Scope of Work - https://www.livingoffrentals.com/pl/188343
Scope of Work Utilization - https://www.youtube.com/watch?v=L8sX_qQdQZ0&feature=youtu.be
Green Vet Homes Website - https://www.greenvethomes.com/
Living Off Rentals Facebook Group - https://www.facebook.com/groups/LivingOffRentals/
Living Off Rentals YouTube Channel - https://www.youtube.com/channel/UCRpWXe2mWqBm5vvbO2R2AdA?sub_confirmation=1
Living Off Rentals Website – www.livingoffrentals.com
Books
Rich Dad Poor Dad - https://www.amazon.com/Rich-Dad-Poor-Teach-Middle/dp/1612680194
In today’s episode, I'm joined by a fellow West Point graduate who has found success in multiple aspects of life. John Plumstead is an active-duty Army officer, a successful real estate investor, and a father of four, all at the same time!
How is he able to successfully manage so much? Simple. It started with his goals and his mindset.
In addition to flipping lots of properties nation wide and buying rental properties to hold for passive income, he also helps West Point cadets and develop the right mindset to succeed in the military and life!
John shares how he made this work-life balance possible, and how his full-time job helps him with investing in real estate.
Check out this episode and see how everything starts with your mindset! Enjoy!
Key Takeaways
Optimizing his mindset and goals to be where he is today
How he helps top leaders develop their mindset
Standout practices you can do to help achieve your goals
Teaming up with investors and making the numbers work
Acquiring 50 deals while working full time
On his goals of building his business around his life
Key aspects of doing high-value wholesale
Applying the “golden rule” to avoid having a bad name
Why you should just be yourself to become a great leader
Links
John Plumstead Email - john@graylineinvestments.com
Living Off Rentals Facebook Group - https://www.facebook.com/groups/LivingOffRentals/
Books
The Compound Effect: Jumpstart Your Income, Your Life, Your Success by Darren Hardy - https://www.amazon.com/gp/product/B089GM2W99/ref=dbs_a_def_rwt_hsch_vapi_taft_p1_i0
Ready, Fire, Aim: Zero to $100 Million in No Time Flat by Michael Masterson - https://www.amazon.com/Ready-Fire-Aim-Michael-Masterson-audiobook/dp/B0014WYZYA
Lifeonaire: An Uncommon Approach to Wealth, Success, and Prosperity by Steve Cook - https://www.amazon.com/Lifeonaire-Uncommon-Approach-Success-Prosperity/dp/0986322873/
It has been just about a year since the Living Off Rentals podcast released its first episode.
Why was the Living Off Rentals podcast started? Because there is no other podcast quite like this focused on the decision making that goes into building a portfolio of rental properties with the focus of living off your rental income.
Host, Kirby Atwell, is a firm believer that you can find Financial Freedom through your rental property investing if you set your mind to it and set your goals. He wanted to be able to share this knowledge with everyone who is interested via his podcasts, and he created a social media Facebook group for individuals to share, discuss and ask questions with other like-minded individuals.
In today’s episode, we reflect on the past year and visit a couple highlights from two podcast that are really timely as you wrap up your year and focus on next years goals.
You don’t want to miss this episode! Enjoy!
Key Takeaways
Andy McFarland’s background, how he got started, and what he learned
A comparison of Andy’s early years to now
Key players in Andy McFarland’s team
What drives him and what are his goals
Amanda Hahn’s background
What Amanda Hahn suggests for rental investors getting started
Perks of a real estate professional from a tax perspective
Records that should be kept throughout the year
Links: Living Off Rentals Facebook group: www.facebook.com/groups/livingoffrentals
Living Off Rentals YouTube channel: https://www.youtube.com/channel/UCRpWXe2mWqBm5vvbO2R2AdA?sub_confirmation=1
Podcast Links: Andy McFarland https://podcasts.apple.com/us/podcast/building-team-systems-to-scale-your-operation-andy/id1498343271?i=1000487893162
Amanda Hahn https://podcasts.apple.com/us/podcast/big-tax-savings-for-rental-property-investors-amanda/id1498343271?i=1000488574933
Youtube Highlights:
Andy McFarland
https://youtu.be/UTNQ4Fvlmds
https://youtu.be/ctmG96ox6gc
https://youtu.be/qMq9mPlYkJI
https://youtu.be/684kQOxE9p0
https://youtu.be/Yc4Vd11l7NE
Amanda Hahn
https://youtu.be/WCiiJFXBmx0
https://youtu.be/5dUcha5ivyA
https://youtu.be/XmxTaqRenpw
Links:
Andy McFarland on Flip Hacking Live - https://7figureflipping.com/7ff-256-andy-mcfarland-on-leadership-struggles-and-profit-3-million/
Flip Hacking Live - https://fliphackinglive.com/virtual2020
Money Dials - https://www.iwillteachyoutoberich.com/blog/money-dials/
DiSC Assessment - https://www.discprofile.com/
Kolbe Index - https://www.kolbe.com
Culture Index - https://www.cindexinc.com
The Predictive Index - https://www.predictiveindex.com
Amanda Han’s Profile in BiggerPockets - https://www.biggerpockets.com/blog/contributors/amandahan
Keystone CPA, Inc. Website - www.keystonecpa.com
Living Off Rentals FB Group - https://www.facebook.com/groups/LivingOffRentals/
Profiles and Books:
I Love Real Estate Stories Website - http://www.iloverealestatestories.com
I Love Real Estate Stories Facebook - https://www.facebook.com/iloveREstories
I Love Real Estate Stories YouTube - https://www.youtube.com/channel/UCbeGfP8EfyHeVF6W9lrjvbg?sub_confirmation=1
Enlight Homebuyers Website - https://enlighthomebuyers.com
The Book on Tax Strategies for the Savvy Real Estate Investor: Powerful Techniques Anyone Can Use to Deduct More, Invest Smarter, and Pay Far Less to the IRS - https://www.amazon.com/Book-Strategies-Savvy-Estate-Investor-ebook/dp/B01BWDHLTQ/ref=tmm_kin_swatch_0?_encoding=UTF8&qid=&sr=
The Book on Advanced Tax Strategies: Cracking the Code for Savvy Real Estate Investors - https://www.amazon.com/Book-Advanced-Tax-Strategies-Investors-ebook/dp/B0846GTYGK/ref=tmm_kin_swatch_0?_encoding=UTF8&qid=&sr=
After serving in the Royal Navy for 11 years, today’s guest immigrated to Canada and has been investing and managing properties. Using the skills he got from the Royal Navy, Gary Spencer-Smith has built West Coast SLAM, Rev N You with Real Estate, and has been helping other people grow their business ever since.
Gary continues to live the life he wanted and generate exceptional income at the same time. With his commitment to real estate investing, he was awarded the “Innovative Investor of the Year” and “Joint Venture of the Year” awards by REIN Canada in 2019!
In this episode, Gary will share how he got interested in investing, his approach to deals, and building connections with other investors. He will also talk about attracting clients through his deals in managing properties.
Listen until the end of the episode to know more about achieving personal growth in real estate and building connections with clients! Enjoy!
Key Takeaways
How he accidentally become a real estate investor
Structuring his rentals that supports his lifestyle
Why short-term rentals are perfect on where he is located
The specifics of his rental portfolio
How personal growth connects in looking for the best deals
His mindset when he built West Coast SLAM
On expanding to different ventures to generate wealth
How he constantly finds his deals
Building your “golden circle” through REAP
His advice to real estate investors
Links
West Coast SLAM Website - https://www.wcslam.com/
REAP Real Estate Achievement Program - https://www.revnyou.com/real-estate-achievement-program/
Rev N You with Real Estate Website - https://www.revnyou.com/
Rev N You with Real Estate Facebook - https://www.facebook.com/revnyou
Rev N You with Real Estate Email - info@revnyou.com
Rev N You with Real Estate Youtube - https://www.youtube.com/user/RevNYou
Examples of Businesses Inside An Investment - https://www.livingoffrentals.com/opt-in-42d7f57e-4010-4e95-8f8e-f6c5f0055734
Living Off Rentals Facebook Group - https://www.facebook.com/groups/LivingOffRentals/
Books
Lifeonaire: An Uncommon Approach to Wealth, Success, and Prosperity by Steve Cook - https://www.amazon.com/Lifeonaire-Uncommon-Approach-Success-Prosperity/dp/0986322873/
Think and Grow Rich Series by Napoleon Hill - https://www.amazon.com/gp/product/B087JLT3JB?ref_=dbs_dp_rwt_sb_tpbk&binding=paperback
Main Aspects to Consider When House Hacking
If you have been following my podcasts you know that recently, my wife and I purchased a farm. Currently, we are rehabbing the main house with plans to rehab the barn for an antique shop business and add three to five Airbnb’s on our property. Our plan for this property is a modified House Hack; a meld of rental property with a home residence.
In this episode, I am going to go through the not so obvious aspects of house hacking. I will break that down into two categories; financial and lifestyle. There are so many pros to share with you about this type of lifestyle.
Stick with me on this as I lay out the positives. In addition, I share an example of the numbers, how money is really time, and how house hacking will cut the number of work hours you need to complete by 75%! Enjoy!
Key Takeaways
- Learn what it means to house hack
- House hacking is beneficial to personal finances
- See how your cost of living can be covered
- Learn the tax benefits
- Saving a dollar is more than a dollar earned
- How to avoid giving up your lifestyle
- STR can be set up and automated
- Purchas a nicer house due to STR benefits
- Work hours are decreased
- Payment of other household expenses
Links
Green Vet Homes Website - https://www.greenvethomes.com/
Living Off Rentals Facebook Group - https://www.facebook.com/groups/LivingOffRentals/
Living Off Rentals YouTube Channel - https://www.youtube.com/channel/UCRpWXe2mWqBm5vvbO2R2AdA?sub_confirmation=1
Living Off Rentals Website – www.livingoffrentals.com
Working 24 hours, getting hundreds of deals, and yet feeling like there’s still something missing? Well, you’re not a Lifeoinaire and that needs to change. Wouldn’t you like to know how to have a business that serves you, rather than the other way around? Today’s guest will break it down for you!
Steve Cook already had $7 million worth of assets when he decided to make a major change and put his life first before his business. The quote “less is more” certainly describes his lifestyle.
In today’s episode, Steve challenges you to rethink what your life vision really is. He shares how he figured out how to be a Lifeonaire, and how his decisions led to getting his life back!
Lifeonaire really resonated with me and my hope is that this episode could be the mindset shift you need have more alignment in your own life! Enjoy!
Key Takeaways
Getting out from under his debt by wholesale flipping
Why he got “everything” and “nothing” that he wanted at the same time
Why most life visions disconnect with wealth-life balance
On helping people develop their own life vision
How he started his Lifeonaire journey (and how you can start yours too!)
Building his rental portfolio through self-funding properties
Why “quality” beats “quantity” in getting deals
The challenge of living the dream life and how he succeeded
What he wishes for the readers could get in “Lifeonaire”
What’s next for his business and his life
Links
Lifeonaire Website - https://lifeonaire.com/?fbclid=IwAR2O3zMO0wHVvLnISOUfbu_9BAGfM3fbEH6hCy6FINOvI3oVnuXQoy74yqU
Lifeonaire Community Website - https://lifeonaire.groupfire.com/#/login/
Lifeonaire Community on Google Play Store - https://play.google.com/store/apps/details?id=com.groupfire.Lifeonaire&hl=en_US&pcampaignid=pcampaignidMKT-Other-global-all-co-prtnr-py-PartBadge-Mar2515-1
Lifeonaire Community on Apple App Store - https://apps.apple.com/us/app/lifeonaire/id1502062048?mt=8
Living Off Rentals Facebook Group - https://www.facebook.com/groups/LivingOffRentals/
Books
Lifeonaire: An Uncommon Approach to Wealth, Success, and Prosperity by Steve Cook - https://www.amazon.com/Lifeonaire-Uncommon-Approach-Success-Prosperity/dp/0986322873/
I always say that Bandit Signs is a great marketing strategy to win clients. But today’s guest just proved that you could get multiple motivated seller leads just by running Facebook Ads!
Ryan Chlebek is a college friend of mine way back in West Point. He has been investing in real estate since 2017. Who would’ve thought that with just marketing through Facebook Ads, he would have developed his rental portfolio and became the founder of Gold Vet Home Buyers?
From flipping and renting properties, he is now taking the next big step as he is now wholesaling properties nationwide!
Today’s topics include all about his different strategies. Facebook Ads, mortgage payment strategy, looking at foreclosure deals - you named it! Ryan will share his strategies that you, a real estate investor, can use to help build your portfolio and generate income! Enjoy!
Key Takeaways
His ventures before deciding to invest in real estate
Utilizing that one golden tip he got from the real estate seminar
How his network got him to flip houses and buy rental properties
Building his portfolio by buying foreclosure deals through mortgage payments
Mitigating risks in mortgage payments
How he gets leads just through Facebook Ads
His personal requirements on buying rental properties
The fun part of getting nationwide deals through virtual wholesaling
How you can close deals even if you’re miles away
Why investors should have persistence, time management, and perspective
Links
Gold Vet Home Sellers - https://www.goldvethomesellers.com/
Bunker Labs - https://bunkerlabs.org/
Carrot - https://carrot.com/
Living Off Rentals Facebook Group - https://www.facebook.com/groups/LivingOffRentals/
Living Off Rentals Youtube Channel - https://www.youtube.com/channel/UCRpWXe2mWqBm5vvbO2R2AdA?sub_confirmation=1
What better way to start your real estate venture than partnering with your wife? Taryn Atwell has been there for me since the start of my real estate journey and has been my biggest supporter ever since. In today’s episode, she will also be with me to launch this new series for Living Off Rentals profiling our latest project together.
This episode will answer questions for couples who are new to investing in real estate together. Taryn will be answering on-the-spot questions about what it's like to be married to a real estate entrepreneur and how you can more effectively work together as a spouse team.
Listen Taryn and I talk about our visions, goal-setting, different real estate decisions, and a lot more! Enjoy!
Key Takeaways
Communication is key to a long-lasting relationship
Her favorite and not-so-favorite investments
Why you should work for it first before you hire an assistant
Eliminating costs and earning revenue just by living in their dream house
Importance of goal-setting individually and as couples
On being compatible with each other
Their advice to real estate investor couples
What they learned from their real estate venture
Links
Green Vet Homes Website - https://www.greenvethomes.com/
Living Off Rentals Facebook Group - https://www.facebook.com/groups/LivingOffRentals/
After leaving his country to achieve his dream, today’s guest gathered his courage to travel all the way to Chicago and started his new career from scratch. Peter Milic tried different ventures when he decided that investing in real estate is the right path for him.
Peter Milic continues to make a lot of progress. With his first full year of investing in real estate, he successfully bought 12 rentals - and counting! He also learned to dedicate his time meditating and spending time with his family to be the best version of himself.
In today’s episode, Peter shared his thoughts on starting his new life in Chicago. He also shared different ways to invest in real estate and the importance of work-life balance.
If you want to know how you can find your work-life balance through real estate investing, this episode is for you!
Key Takeaways
Why he decided to work in Chicago
How he transitioned from being a truck driver to a real estate investor
His mindset on becoming a real estate investor
How he educated himself on real estate businesses
Types of properties he invested in
How texting strategy helped him find his potential clients
Platforms he used to find deals
What he considers as a perfect deal
His long term goal as a real estate investor
How meditation developed his character
His advice to aspiring real estate investors
Links
Peter Milic Facebook - https://www.facebook.com/profile.php?id=100011441501013&_rdc=1&_rdr
Peter Milic Email - peter@petermilic.com
Peter Milic Phone Number - 708-953-1639
Living Off Rentals Facebook Group - https://www.facebook.com/groups/LivingOffRentals/
Books
The Daily Stoic: 366 Meditations on Wisdom, Perseverance, and the Art of Living by Ryan Holiday - https://www.amazon.com/gp/product/B01HNJIJB2/ref=dbs_a_def_rwt_bibl_vppi_i1
How He Made 6 Figures at 17 as a High School Athlete and Now is the Biggest Wholesaler on the Treasure Coast at 21
Today’s guest started his real estate career at the age of 17. Zach invested in real estate while he was a student and a school athlete.
Now 21, Zach is earning a 6-figure income and is one of the biggest wholesalers in Southeast Florida. He also now owns multiple rental properties.
In today’s episode, Zach shared how he achieved it all—from balancing studying and real estate investing to running a successful business—he shared it all! If you want to know how you can generate a 6-figure income, this episode is for you!
Key Takeaways
- Why he decided to do wholesaling
- The efficiency of time management
- How he got his first deal
- How his age became a challenge when it comes to investing
- His thoughts on the business set up with his father
- What makes real estate wholesaling different
- His pricing scheme when rehabbing properties
- What he looks for in a wholetail deal
- Different strategies to generate income
- His ultimate goal in real estate investing
- His advice to people with an unclear career path
Links
- Flip With Rick Youtube Channel - https://www.youtube.com/channel/UCrJwaBihSNoEV7y2NWth4Jw
- Zach Ginn Instagram - https://www.instagram.com/flipwithzach/
- The Bags to Riches Podcast - https://open.spotify.com/show/1HR3jDWlZ5DadLF8j0B7ea?si=nF37xNy3QUyhGgrg6rHnFQ
- Flip With Rick Website - http://flipwithrick.com/
- Living Off Rentals FB Group - https://www.facebook.com/groups/LivingOffRentals/
Books
- Invest in Debt by Jimmy Napier - https://www.amazon.com/Invest-Debt-Jimmy-Napier/dp/1619274094
- Get a copy of Kirby Atwell’s free eBook on https://www.livingoffrentals.com/
Some investors are dead set on either single family or multifamily investing. I believe there is a correct investing strategy for everyone, but it's not the same strategy for everyone.
In this episode I talk through the 5 major differences between single and multifamily investing:
-How you find each of these types of investments
-How you analyze them
-How you finance them
-Who your tenant is
-Who your future buyer will be
Hopefully after this episode you will have an idea of which strategy makes the most sense for YOU!
Living Off Rentals FB Group -
https://www.facebook.com/groups/LivingOffRentals/
Today’s guest has been in real estate investing for a long time. Michael is a real estate investor, host, and author of “One Rental at A Time”.
Michael has been in rental property investing for over 20 years. He has achieved financial freedom through buying and hold rental investing in Fresno, California.
With his expertise, he aims to help investors build their portfolio and achieve their goals on real estate through his book, channel, and podcast – One Rental at A Time.
In this episode, Michael shares what it means to be financially free. He will also share his thoughts on the market cycle, and what he learned from real estate investing.
If you want to know how to achieve financial freedom, this episode is for you!
Key Takeaways
His goals for One Rental at a Time
His background and how he achieved financial freedom
Importance of time management
All about understanding the market cycle
How the CDC Order would affect the rental industry
On knowing the right time to sell properties
Steps to make the most impact on achieving their goal
His opinion on the attributes of people that would succeed
What he learned from his past regrets
Links
One Rental at A Time Website -
https://onerentalatatime.com/
One Rental at A Time Youtube Channel -
https://www.youtube.com/channel/UCmK_PnRidizNVNw7FqivYCQ
Living Off Rentals FB Group -
https://www.facebook.com/groups/LivingOffRentals/
Books
One Rental At A Time: The Journey to Financial Independence through Real Estate by Michael Zuber -https://www.amazon.com/gp/product/B07N1C8S7Z/ref=dbs_a_def_rwt_hsch_vapi_taft_p1_i0
Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not! by Robert T. Kiyosaki -https://www.amazon.com/Rich-Dad-Poor-Teach-Middle/dp/1612680194
Dan Schwartz is not your typical real estate investor. He was once a rockstar who toured with his band while building up real estate systems at the back of the tour van.
With his passion for operating systems and software, he eventually left the music world and co-founded InvestorFuse—a lead conversion platform designed to help real estate entrepreneurs organize their leads, automate their sales pipeline, and scale their business.
In this episode, Dan covered a lot of interesting topics. From his 80/20 principle to the 80/20 Freedom Focuser, down to his passion for systems and processes, he covered it all. If you want to know how his powerful tools and principles work, this episode is for you!
Key Takeaways
How he transitioned from being a rockstar to an entrepreneur
Importance of surrounding yourself with the right people
What the 80/20 principle is all about
Why his business revolves around the 80/20 principle
Steps to do the 80/20 Freedom Focuser exercise
His advice on how to apply the 80/20 principle
What InvestorFuse is all about and how it helps investors
New feature of InvestorFuse
Links
80/20 Freedom Focuser Template - https://www.investorfuse.com/focus
InvestorFuse Website - https://www.investorfuse.com/
80/20 Real Estate Show - https://www.investorfuse.com/category/podcasts
Dan Schwartz Email - dan@investorfuse.com
Living Off Rentals FB Group - https://www.facebook.com/groups/LivingOffRentals/
Books
Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not! by Robert T. Kiyosaki - https://www.amazon.com/Rich-Dad-Poor-Teach-Middle/dp/1612680194
Today’s guest is someone who I know my listeners can learn tons of insights from. Trevor Mauch is the CEO of Carrot and has been helping the community unleash their entrepreneurial spirit.
Trevor has been investing in real estate since he was 21 years old. Inspired by the people surrounding him, he continued to invest in real estate and has so far generated 84,000 real estate leads (and counting!).
In this episode, Trevor shared what prompted him to take the leap, his mindset when it comes to growing his business, and his leadership approach and how it has impacted his business.
If you want to how to enjoy freedom and flexibility, this episode is for you!
Key Takeaways
Why he took a leap in real estate investing
His mindset when it comes to growing his business
The difference between lifestyle and scalable businesses
His leadership approach and how it has impacted his business
The Energy Audit process and how it has helped him
Overview of what Carrot is all about
What makes Carrot website stand out
How to improve a site’s ranking
Links
Energy Audit Worksheet - https://carrot.com/energy/
Trevor Mauch’s Free Resources - https://go.carrot.com/trevor/
Trevor Mauch Instagram - https://www.instagram.com/trevor.mauch/
Inside Carrot Series - https://go.carrot.com/insidecarrot-2/
Carrot Youtube Channel - https://www.youtube.com/user/OnCarrot
Carrot Cast Podcast - https://carrot.com/blog/category/carrotcast/
Green Vet Homes - https://www.greenvethomes.com/
While serving in the military, Julian Sage began to rent his basement in Airbnb and his real estate journey started from there. While running his short-term rentals and hosting a podcast, he met Jon Bell, whom he knew would be the perfect business partner.
Today, Julian and Jon have multiple podcasts, an Airbnb coaching program, and a thriving rental arbitrage business. They are also scaling multiple properties.
In today’s episode, Julian and Jon shared why they decided to form a partnership, the relevance of building relationships, and how different strategies and tools have helped them achieve success.
If you’re in the lookout for effective tools and techniques that can help your business, this episode is for you!
Key Takeaways
Their background and why they decided to do short-term rentals
Importance of partnerships and how they divide their tasks
Different strategies they implement and what they recommend
How they build trust with landlords
How their businesses grew amidst the pandemic
How their teams and systems are set up
Their location approach and how they advertise it to the right people
What their pricing strategy is
Platforms they used to lease their properties
Challenges they faced when they first established their rental business
Their advice to those who want to start investing in rental properties
Links
Short Term Sage Free eBook - https://www.thebnbsecretsrevealed.com/asr1-book2
Short Term Sage - https://shorttermsage.com/
Short Term Rentals Success Stories Podcast - https://shorttermsage.com/blog/
Vacation Rental Machine Podcast - https://shorttermsage.com/vacation-rental-machine/
Living Off Rentals FB Group - https://www.facebook.com/groups/LivingOffRentals/
Living Off Rentals Youtube Channel - https://www.youtube.com/channel/UCRpWXe2mWqBm5vvbO2R2AdA?sub_confirmation=1
Today’s guest has a notable career. Greg Butcher served in the U.S. Marine Corps and retired as a Lieutenant Colonel in 2015. He had a full-time job as a Department of Defense contractor when he realized he had a passion for real estate investing, and jumped in with both feet.
Even though he had a full-time job, he managed to successfully put together a few large multi-family investments. He also founded BluSky Equity Partners, a real estate investing platform that helps you grow your wealth on your own terms.
In this episode, Greg shared his insights on how he made it all possible—how he was able to successfully balance working and running a real estate business, what he learned from the coaching programs he attended, and the importance of having a team, among others.
If you want to learn powerful tips you can use to get ahead in the real estate space, this episode is for you!
Key Takeaways
What he did before and how he got into real estate
How he got his first deal
His recommendations on where to start investing first
What he learned from attending coaching programs
His thoughts on the most effective way to coach
The importance of having a team
How he balanced his full-time job and real estate investing
His marketing strategy on getting deals
How efficient real estate investing is in terms of generating income
Useful lessons he learned from his first deal
Positive outcomes he got in real estate investing amidst COVID-19
Major differences in Class B and Class C properties in terms of income
Skills he got from the U.S. Marine Corps and how it helped him in real estate investing
Links
BluSky Equity Partners Website - https://blusky-equity.com/
Greg Butcher Email - greg@blusky-equity.com
Living Off Rentals FB Group - https://www.facebook.com/groups/LivingOffRentals/
Book
Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not! by Robert T. Kiyosaki - https://www.amazon.com/Rich-Dad-Poor-Teach-Middle/dp/1612680194
After leaving the corporate world, Jessica Bertsch founded Powerhouse Planning, LLC. The company provides affordable, scalable, and targeted resources to assist companies of all sizes to achieve their goals. The company also provides project/retainer-based work in crucial areas such as external communication, company development, business development, etc.
In today’s episode, Jessica shared all there is to know about the virtual world and how Powerhouse works. From the tools they use to how they find the right people, Jessica covered it all. If you’re considering getting a virtual team for your real estate business but don’t know where to start or how to go about it, this episode is for you!
Key Takeaways
Her background and how Powerhouse started
Growth of Powerhouse throughout the years
What makes Powerhouse different
How they designate employees to clients
Misconceptions about the virtual workforce
What Powerhouse offers
Best tools she uses to engage with her team
How they find the right people
Her suggestion in terms of what clients should offload first
Links
Powerhouse Website https://www.powerhouseplanning.com/
Jessica Bertsch Email - jbertsch@powerhouseplanning.com
Powerhouse LinkedIn - https://www.linkedin.com/company/powerhouse-planning-llc/
Powerhouse Facebook - https://web.facebook.com/powerhouseplanning?_rdc=1&_rdr
Living Off Rentals FB Group - https://www.facebook.com/groups/LivingOffRentals/
Living Off Rentals YouTube Channel: https://www.youtube.com/channel/UCRpWXe2mWqBm5vvbO2R2AdA?sub_confirmation=1
Today’s episode is one of those interviews that made me wish I had more time to spend with our guest. Travis Watts is a great storyteller, and in this episode he shared what the many real estate investors often overlook.
Travis Watts has been investing in single-family, multi-family, and vacation rentals since 2009. He began investing with Ashcroft Capital several years ago. Travis also has a background in traditional Wall Street investing.
Nowadays, Travis dedicates much of his time helping and educating others about investing. He has also made it his mission to share passive investment strategies to help other investors achieve and maintain wealth in real estate.
In this episode, Travis shares his thoughts on what investing really means and how knowing yourself is going to take you places in an industry that thrives on good relationships. So many valuable wisdom and insights in this episode so please don’t miss it!
Key Takeaways
How he transitioned from employee to investor
How to shift from active to passive investing
How to build equity the right way
What the FIRE movement is all about
Essential steps on how to get started
How multi-family syndication works
What passive investment really means for him
His personal criteria when choosing a business partner
How he got into Ashcroft Capital
How the migration trend helps the business thrive
Links
FIRE Movement - https://www.daveramsey.com/blog/what-is-the-fire-movement
Joe Fairless - https://ashcroftcapital.com/about/joe-fairless/
Scott Lebenhart - https://ashcroftcapital.com/about/scott-lebenhart/
Profiles
Travis Watts - https://ashcroftcapital.com/about/travis-watts/
LinkedIn Account - https://www.linkedin.com/in/travis-watts-4865b6192
Instagram Page - https://www.instagram.com/passiveinvestortips/
Facebook Page - https://www.facebook.com/passiveinvestortips/
Books
Rich Dad's Prophecy: Why the Biggest Stock Market Crash in History Is Still Coming . . . And How You Can Prepare Yourself and Profit from It! by Robert T. Kiyosaki - https://www.amazon.com/Rich-Dads-Prophecy-Biggest-Yourself/dp/1612680259
Living Off Rentals YouTube Channel: https://www.youtube.com/channel/UCRpWXe2mWqBm5vvbO2R2AdA?sub_confirmation=1
Amanda Han has been a real estate investor for more than a decade now. She is certified by the CA State Board of Accountancy and is a member of the American Institute of Certified Public Accountants (AICPA).
Amanda is also a 40 under 40 honoree of the CPA Practice Advisor and has been featured in many different publications.
Amanda has also co-authored a series of books called the “Tax Strategies Series.” The book sold over 50,000 copies and is on Amazon’s bestseller list. In the book, Amanda shares many cutting-edge tax strategies including self-directed investing, income-offset opportunities, and entity structuring.
In this episode, Amanda shares her expertise on taxes—tax strategies for real estate investing, how to apply the concepts, and how it can save you money.
She also shared her insights as a real estate investor from a tax perspective. If you want to supercharge your wealth and keep more of what you are making, this episode is for you!
Key Takeaways
On her background as a CPA and how she got into real estate
Her suggestions for rental investors who are just getting started
Common misconceptions of real estate investors
Strategies to benefit on bonus depreciation
Perks of a real estate professional from a tax perspective
What the main roles of real estate professionals are
What she recommends for an entity structure
How self-directed investing can help with real estate investments
Misconceptions about IRA and their functions
The difference between 1031 exchange and opportunity zone fund
Mistakes rental property investors are making
Qualities of a tax strategist and CPA to look for Records that should be kept throughout the year
Links Amanda Han’s Profile in BiggerPockets - https://www.biggerpockets.com/blog/contributors/amandahan
Keystone CPA, Inc. Website - www.keystonecpa.com
Living Off Rentals FB Group - https://www.facebook.com/groups/LivingOffRentals/ Books The
Book on Tax Strategies for the Savvy Real Estate Investor: Powerful Techniques Anyone Can Use to Deduct More, Invest Smarter, and Pay Far Less to the IRS - https://www.amazon.com/Book-Strategies-Savvy-Estate-Investor-ebook/dp/B01BWDHLTQ/ref=tmm_kin_swatch_0?_encoding=UTF8&qid=&sr=
The Book on Advanced Tax Strategies: Cracking the Code for Savvy Real Estate Investors - https://www.amazon.com/Book-Advanced-Tax-Strategies-Investors-ebook/dp/B0846GTYGK/ref=tmm_kin_swatch_0?_encoding=UTF8&qid=&sr=
I’ve been looking forward to today’s interview since I’ve heard so many wonderful things about today’s guest. Andy McFarland is a successful real estate investor, retail flipper, landlord, speaker, educator, and coach. He is also a great human being.
Andy is also the founder and CEO of Enlight Homebuyers, a successful real estate investment company. Together with his brother, Andy created I Love Real Estate Stories where he shares real estate videos that entertain, educate, and inspire.
In this episode, we’ll pick Andy’s brains and discover how he successfully built his team and how he created the current system he has in place. If you’re ready to take your business to the next level and would like to know how you can successfully do it, this episode is for you!
Key Takeaways
His background and how he got into real estate
What his early investing years looked like compared to now
When he started to see some progress
How his team is set up now
The key players in his team
Who to hire first and how things all come together
Personality assessment he recommends and how he implements it when hiring
What his week looks like now
How he decides how he spends his week
How he gauges what properties to keep
Certain characteristics he sees in people who succeed or struggle
What drives him and what his goals are
Best way for people to know about him and what he’s involved in
Links
Andy McFarland on Flip Hacking Live - https://7figureflipping.com/7ff-256-andy-mcfarland-on-leadership-struggles-and-profit-3-million/
Flip Hacking Live - https://fliphackinglive.com/virtual2020
Money Dials - https://www.iwillteachyoutoberich.com/blog/money-dials/
DiSC Assessment - https://www.discprofile.com/
Kolbe Index - https://www.kolbe.com
Culture Index - https://www.cindexinc.com
The Predictive Index - https://www.predictiveindex.com
Profiles
I Love Real Estate Stories Website - http://www.iloverealestatestories.com
I Love Real Estate Stories Facebook - https://www.facebook.com/iloveREstories
I Love Real Estate Stories YouTube - https://www.youtube.com/channel/UCbeGfP8EfyHeVF6W9lrjvbg?sub_confirmation=1
Enlight Homebuyers Website - https://enlighthomebuyers.com
Book
Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not! By Robert T. Kiyosaki - https://www.amazon.com/Rich-Dad-Poor-Teach-Middle/dp/1612680194
The Richest Man in Babylon by George S. Clason - https://www.amazon.com/Richest-Man-Babylon-Ancients-Inspiring-ebook/dp/B07BB5N17S
After working as a Licensed Professional (PE) Civil/Industrial Engineer for 12 years, today’s guest fired his boss and focused 100% of his time investing and helping others through his Passive Investor Accelerator and Mastermind.
Lane Kawaoka has truly come a long way. From owning 11 single-family rentals. He’s now investing in syndications that invest in RV parks, mobile homes, assisted living facilities, and Class C and B multi-family apartments.
The passive income Lane gets from investing in stabilized rental properties has made it possible for him to move back to Hawaii and live the life he wants.
In this episode, you’ll discover how Lane’s out-of-the-box thinking has helped him achieve the success he’s now enjoying. You’ll learn different, unconventional, and effective ways of investing in real estate in today’s episode so please don’t miss it!
Key Takeaways
What he did prior to real estate and what drove him to get in the space
What prompted him to transition from single-family to multi-family investing
What he recommends when it comes to transition plans
Key things he looks for in deals
How he finds his deals
Where he’s currently investing right now
What the 50% rule for quick underwriting is all about
First steps he’ll recommend to working professionals who want to give real estate a try
Something he wished people knew about passive cashflow investing
Where he sees himself in a few years
Links
Simple Passive Cashflow Website - https://simplepassivecashflow.com
Passive Real Estate Investing via Simple Passive Cashflow Podcast - https://podcasts.apple.com/us/podcast/passive-real-estate-investing-via-simple-passive-cashflow/id1118795347
Six Human Need by Tony Robbins - https://www.tonyrobbins.com/mind-meaning/do-you-need-to-feel-significant/
401(k) Plans - https://www.investopedia.com/terms/1/401kplan.asp
Roth IRA - https://www.investopedia.com/terms/r/rothira.asp
Hui Deal Pipeline Club - https://simplepassivecashflow.com/club/
Passive Investor Accelerator and Mastermind - https://simplepassivecashflow.com/products/
Text Simple to 3146651767 - Get access to more information on what he’s currently doing
Book
The One Thing That Changed Everything - https://www.amazon.com/One-Thing-That-Changed-Everything/dp/099831255X
Living Off Rentals YouTube Channel: https://www.youtube.com/channel/UCRpWXe2mWqBm5vvbO2R2AdA?sub_confirmation=1
Prior to building Zibo.co, a brand new real estate technology platform, today’s guest has had an impressive career. He once served in the US Army, held significant roles in the tech and corporate space, and invested in real estate on the side. From there, he decided to start from scratch and do his own thing.
Chris Hsu is the co-founder and CEO of Zibo, a platform that caters to the needs of independent landlords and gives them access to world-class financial services. Zibo allows property managers and landlords to manage everything—from bill payments, banking, insurance, and lending—in one transparent and secure platform.
In this episode, you’ll get a little glimpse into the mind of a visionary as Chris shared the inspiration behind Zibo, what makes it different from other platforms, and some of the notable benefits it offers. If you’re considering giving Zibo a try, but unsure if it’s the right fit, this episode is for you!
Key Takeaways
His background and how he got into real estate
What the inspiration for Zibo is and why he chose it
What Zibo is and what makes it different from other platforms
Massive benefits the platform offers
What he recommends for those who want to open a Zibo account
Loans they are offering
What they’re doing as more people are using the platform
What his version of financial freedom is
Best way to check out their platform
Links
Zibo Website - https://www.zibo.co/
Zibo Twitter - https://twitter.com/zibo_inc
Zibo Email - info@zibo.com
Living Off Rentals FB Group - https://www.facebook.com/groups/LivingOffRentals/
Lima One Capital - https://limaone.com
Finance of America - https://www.financeofamerica.com
Wells Fargo - https://www.wellsfargo.com
Roofstock - https://www.roofstock.com
Cozy - https://cozy.co
Stessa - https://www.stessa.com
Section 8 Tenants - https://en.wikipedia.org/wiki/Section_8_(housing)
While still in the Marines, Ian Cameron began investing in real estate properties. From there, his initial interest in real estate evolved into a full-blown passion. Recently, he joined Zibo, a platform designed to help landlords transition to a modern, simple, and safe way of doing business while enabling renters to securely pay the way they want
In this episode, Ian shares how the pandemic has affected his business, the challenges they encounter working with Section 8 tenants, and his advice for those who want to give rental property investing a try. In addition, Ian talks about the specific niche he’s investing in, how he succeeded, and how you can emulate his success. If you’d like to give Ian’s unique strategy a try, this episode is for you!
Key Takeaways
His background and why he decided to transition into real estate
Specific niche he’s investing in
How the COVID-19 pandemic has impacted his investments
What their general rule of thumb is
Challenges he encountered working with Section 8 tenants and how they addressed it
How he’s finding enough deals
His advice for those who want to partner up with a family member
What he has learned from the Marines that has helped him in his business
What his ultimate goal down the road is
An overview of the Zibo platform and how landlords can benefit from it
What excites him about the platform
Best place to start for those who want to know more about Zibo
His advice for those who want to get into rental property investing
Links
Zibo Website - https://www.zibo.co
Ian’s Email - ian@zibo.co
Living Off Rentals FB Group - https://www.facebook.com/groups/LivingOffRentals/
Episode 22 - Turn-Key with Equity Model Broken Down - Mark Wilton
Mark Wilton started his real estate journey doing fix and flips. From there, he built a rental portfolio using the BRRRR method. Recently, he became a broker and senior client advisor at Clickinvest, a revolutionary real estate platform made especially for investors who are looking for fix and flip or fix and rent investment properties.
In this episode, Mark broke down a concept I’ve been intrigued by—turn-key properties with equity built in. He also covered what Clickinvest can do, what to expect when working with them, and what their average deal looks like. If the turn-key with equity model is something you’re interested in, you’ll learn all the basics in this episode, so don’t miss it!
Key Takeaways
How he got into real estate investing
How he manages everything with 4 kids
The new aspect of Clickinvest and how it works
What new investors can do to get involved and what the process is like
How they mitigate risks
Who picks the materials and creates the scope of work
How the fees work
What their average deal looks like
What their end goal is
Number of management companies they are working with right now
Where people can find out more about the program and get some details
His parting advice for those who would like to invest in rental properties
Links
Clickinvest Website - https://www.clickinvest.com
Clickinvest Facebook - https://www.facebook.com/clickandinvest/
BRRRR Method - https://www.biggerpockets.com/blog/brrrr-strategy-real-estate-investing
Mark Wilton Email - mark@clickinvest.com
Books
Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not! By Robert T. Kiyosaki - https://www.amazon.com/Rich-Dad-Poor-Teach-Middle/dp/1612680194
Today’s guest has been in the real estate investing business since 2008 and has pretty much done it all—flipped houses, bought rentals, and wholesaled hundreds of deals. Just like most people, he also made a lot of mistakes along the way. However, after learning from his mistakes, and investing in the right mentorships, he went from earning $250,000 a year to earning over a million in less than 12 months!
Mike Simmons is a successful real estate investor, coach, and podcaster. He is the host of “Just Start Real Estate Podcast.” Mike is also the author of “Level Jumping: How I Grew My Business to Over $1 Million in Profits in 12 Months.” In the book, he shared the strategies he used to generate over a million in profits every year.
In this episode, Mike shares some of the tips and wisdom he has learned over the years. He also talked about the standout characteristics most successful investors possess that sets them apart from those who continue to struggle. We are excited to share today's episode, enjoy!
Key Takeaways
How he got into real estate and how his journey has evolved over the years
Some of his big realizations and the changes he has made
What he learned from the 7 Figure Flipping group
One of his biggest misconceptions
What dispositions are for him
How he knows when scaling would make sense
Strategy that can make the biggest financial impact in the shortest amount of time
Why it pays to be proactive and just talk to people
Advice that has always stuck with him
Stand out characteristics he notices in successful investors
How people can get a copy of his book
How people can reach out to him
Links
Mike Simmons Website - https://mikesimmons.com
Just Start Real Estate Podcast - https://mikesimmons.com/juststartrealestate/
7 Figure Flipping Website - https://7figureflipping.com
Mike Simmons Email - mike@juststartrealestate.com
Book
Level Jumping: How I Grew My Business to Over $1 Million in Profits in 12 Months by Mike Simmons - https://www.amazon.com/dp/1734832703/ref=sr_1_25?dchild=1&keywords=level+jumping&qid=1591040844&s=books&sr=1-25
Free digital download of his book - Text Just Start to 55444
Living Off Rentals YouTube Channel: https://www.youtube.com/channel/UCRpWXe2mWqBm5vvbO2R2AdA?sub_confirmation=1
Today’s guest is Christian Catron. Christian is a real estate investor who specializes in value-add multifamily investments. He is also the owner and CEO of Redeem Investments.
Christian is a West Point graduate and US Army Veteran.
After investing in single family homes and small multi-family homes, Christian shifted his focus in 2019 to commercial multifamily (apartment) investing. His real estate prowess and experience has helped him acquire 132 units in under 9 months!
In this episode, Christian shares some of the top contributors to his success: what he’s doing differently to find deals, how he determines what deals to pursue, and how he works with his property manager. He also addressed the elephant in the room—how to safely buy multifamily properties in today's current market.
I’ve found tremendous value from today’s discussion and my hope is you’ll do the same!
Key Takeaways
What prompted him to pursue real estate
Best way to mitigate your risk
What he’s doing differently to find deals
How he assesses what deals to pursue
What he looks for before he decides to move on with a deal
The perfect model for those who want to understand how the multifamily game works
How he works with his property manager
On the concept of velocity of money and what it allows you to do
The intent behind his mastermind group
How people can get involved
Links
Redeem Investments Website - https://www.redeeminvestments.com
Redeem Team Mastermind Registration - https://www.redeeminvestments.com/#mastermind_registration
Redeem Investments Email - support@redeeminvestments.com
Living Off Rentals YouTube Channel: https://www.youtube.com/channel/UCRpWXe2mWqBm5vvbO2R2AdA?sub_confirmation=1
Today’s guest started his real estate investing career at age 23. Over the years, he has purchased close to 2,000 houses in and around San Antonio, Texas.
After more than 3 decades of investing in real estate, he has also mastered the art of owner financing properties.
Mitch Stephen as written 3 books in the "My Life & 1,000 Houses: series talking about the major lessons he has learned as a real estate investor over the past 30 years.
Mitch is also an expert at keeping things simple and conveying the knowledge and theories that have made him financially independent in a manner that’s easy to understand and digest.
In this episode, we not covered the basics of owner financing properties, we also tackled some of the secret sauce that has helped him build a massive and thriving business—how he keeps track of his ventures, how he finds his business partners, and the tough lessons he has learned along the way.
This interview is packed with wisdom and knowledge you can definitely benefit from, so don’t miss it!
Key Takeaways
First step for those who would like to start owner financing some of their properties
The numbers on a typical deal and how the mechanics work
What’s been working for him in the current market
How he keeps track of all his real estate business
How he found his business partners
Tough lessons he has learned over the years
Where people can find him if they want to reach out
Links mentioned in the interview
1000 Houses Website - https://1000houses.com
Real Estate Investor Summit Podcast - https://1000houses.com/podcast-archives/
Mitch Stephen on Facebook - https://www.facebook.com/1000Houses/
Mitch Stephen on LinkedIn - https://www.linkedin.com/in/mitch-stephen-5a83156/
Mitch Stephen on YouTube - https://www.youtube.com/user/dale965
Mitch Stephen on Twitter - https://twitter.com/Mitch_Stephen
Books mentioned in the interview
My Life & 1,000 Houses: Failing Forward to Financial Freedom by Mitch Stephen - https://www.amazon.com/My-Life-000-Houses-Financial/dp/1419698540
My Life & 1,000 Houses: 200+ Ways to Find Bargain Properties by Mitch Stephen - https://www.amazon.com/My-Life-000-Houses-Properties/dp/1507804377
My Life & 1,000 Houses: The Art of Owner Financing by Mitch Stephen - https://www.amazon.com/My-Life-1000-Houses-Financing/dp/153462239X
Living Off Rentals YouTube Channel: https://www.youtube.com/channel/UCRpWXe2mWqBm5vvbO2R2AdA
Many people think they can only invest in traditional investments like individual stocks and mutual funds using their IRA.
However, it is totally legal to invest in almost anything using your retirement funds and with a smart IRA real estate investing strategy, you can really super charge your tax free returns!
There is more to investing using IRAs than meets the eye. And in this episode I cover the smart way to use your IRA to invest in real estate.
In addition, I’ll also provide a few recommendations so you can fully enjoy all the benefits this method can offer.
If you’re looking for different strategies you can use to purchase rental properties and build wealth while reducing your tax burden, this method is something you should definitely consider!
Key Takeaways
- What self-directing your IRA means and how you can go about it
- What IRA custodians can do
- Some of the things you can invest your retirement funds in
- Two main rules to observe when using your self-directed IRAs to invest
- Why reaching out and talking to your accountant is recommended prior to making any self-directed investments
- Why investing in real estate through your IRA is both smart and controversial
- Main benefits of investing in real estate using your IRA
- What he’ll recommend to investors
- Why the Roth Method of self-directing IRA is preferable
- Links
Individual Retirement Account (IRA) - https://www.investopedia.com/terms/i/ira.asp
Roth IRA - https://www.investopedia.com/terms/r/rothira.asp
IRA Custodian - https://www.yieldstreet.com/resources/article/what-is-an-ira-custodian
401(k) - https://guides.wsj.com/personal-finance/retirement/what-is-a-401k/
Midland IRA Custodian - https://www.midlandtrust.com/
Living Off Rentals FB Group - https://www.facebook.com/groups/LivingOffRentals/
Living Off Rentals YouTube Channel - https://www.youtube.com/channel/UCRpWXe2mWqBm5vvbO2R2AdA
One of the key things I have learned over the years as an investor is this: the importance of establishing a solid relationship with a good agent cannot be overstated. Today’s guest is someone I have worked with for almost a decade now and he has definitely helped take my business to the next level.
Kevin Hudoba is a real estate professional who has been helping families buy, sell, and invest in real estate. Over the years, I have worked with Kevin in different capacities and diverse markets and our business relationship has been nothing less than beneficial.
In this episode, we talked about how our relationship as agent and investor has evolved over the years, the pros and cons of working with an agent, and how the pandemic has changed the real estate market, among others.
You’ll discover all the basics of working with a real estate agent in this episode so don’t miss it!
Key Takeaways
Number of transactions he did last year
Difference between working with a retail client and an investor
Pros and cons of working with investors
What he recommends to investors in terms of working with agents
Changes in the market he’s seeing that’s brought about by the COVID-19 pandemic
How he’s bracing for the long-term impact of the pandemic
Some of the biggest mistakes investors often make
His advice to aspiring realtors and investors
Best way to get in touch with him
Links
Zillow - https://www.zillow.com
Chase - https://www.chase.com
Wells Fargo - https://www.wellsfargo.com
FaceTime - https://apps.apple.com/us/app/facetime/id1110145091
Hudoba Real Estate Website - https://www.hudobarealestate.com
Kevin Hudoba’s Facebook - https://www.facebook.com/KevinHudoba
Kevin’s email - Kevin@Hudobarealestate.com
Jumbo Loans - https://www.nerdwallet.com/article/mortgages/jumbo-loans-what-you-need-to-know
Living Off Rentals YouTube Channel:
Links
Zillow - https://www.zillow.com
Chase - https://www.chase.com
Wells Fargo - https://www.wellsfargo.com
FaceTime - https://apps.apple.com/us/app/facetime/id1110145091
Hudoba Real Estate Website - https://www.hudobarealestate.com
Kevin Hudoba’s Facebook - https://www.facebook.com/KevinHudoba
Kevin’s email - Kevin@Hudobarealestate.com
Jumbo Loans - https://www.nerdwallet.com/article/mortgages/jumbo-loans-what-you-need-to-know
Living Off Rentals YouTube Channel: https://www.youtube.com/channel/UCRpWXe2mWqBm5vvbO2R2AdA?sub_confirmation=1
After having built a massive 7-figure wholesaling operation that he now only has to spend a few hours per week in, Bill Allen knows a few things about getting great deals.
In this episode, Bill shares how he successfully runs his operation with as little effort and involvement as possible. He also shared how rental property investors can work best with and establish successful business relationships with wholesalers.
If you need wisdom and tips on how to run multiple businesses, ventures, and projects successfully, you owe it to yourself not to miss this episode!
Key Takeaways
- Three things that have helped him grow his business
- Why he believes in delegation
- Overview of a typical deal they’re doing
- How his team closes deals without walking through the property
- How they find off-market leads
- How rental investors can find good wholesalers
- Metrics he monitors to ensure they’re on track
- Key skills that have helped him succeed
- What success looks like for him
- How people can get in touch with him
Living Off Rentals YouTube Channel: https://www.youtube.com/channel/UCRpWXe2mWqBm5vvbO2R2AdA?sub_confirmation=1
Stories like this are why I believe so strongly in rental property investing as one of the best ways to secure a person's future.
Many people have the goal of doing what Rich Garland has done throughout his career.
While working his day job for the past 3 decades Rich took his extra money and invested it in one rental property at a time.
This gave him the ability to retire from his waste disposal job long ago, but since he enjoyed working, he stayed on and kept building his portfolio.
He now owns around 25 rental properties free and clear and, not only has he created enough income to provide freedom and security for the rest of his life, but enough to change his family's future as well!
In this episode, Rich shared a lot of interesting and helpful insights and anecdotes—from how he financed the properties he bought (or didn't finance them), down to the adjustments he wants to make to adapt to the current situation, you’ll hear it all here.
What I love about this interview is that Rich is not a guru, who is selling a get rich quick scheme. He is a regular guy who has a proven track record to show what hard work and smart choices can turn into.
If you’re looking for unconventional wisdom from a hardworking man who knows how to make his dreams happen, this episode is for you!
Key Takeaways
His background and how he got into real estate
Pace he’s buying properties at and what his goal was
Typical deal
What his rental properties require in terms of time
How he selects his tenants
First thing he looks for when selecting tenants
What an ideal deal is for him now
Point where he felt secure about his rental property investments
His thoughts on the current economic situation and any adjustments he intends to make
How he plans to take care of his tenants
Best and worst deal he’s done
One piece of advice he wished he was given when he first started
Living Off Rentals YouTube Channel - https://www.youtube.com/channel/UCRpWXe2mWqBm5vvbO2R2AdA?sub_confirmation=1
Eric Upchurch is a former Special Operations Aviation Crewmember turned real estate investor. Since his first real estate investing venture in 2006, Eric has been involved in private lending, fix and flips, self-directed IRA, tax liens, syndications, and multifamily and turnkey buy-and-hold properties, just to name a few. To date, he has already invested in 500 doors.
In this episode, Eric’s passion for educating, empowering, and helping people grow is evident as he talked about real estate—from his first real estate venture to the impact of the current pandemic, down to the importance of having a deep-rooted WHY, Eric covered it all.
Not only that, Eric also shared a step-by-step guide on what you can do if you want to start investing in today’s economic climate. If you want to learn from someone who has significant real estate experience as well as wisdom, this episode is for you!
Key Takeaways
- How he got into real estate investing
- His favorite among the real estate avenues available
- Why he doesn’t like investing in tax liens
- His thoughts on the impact of the COVID-19 pandemic on the real estate market and the economy
- Shifts/changes he intends to do
- Asset classes he’s more concerned about
- What piqued his interest in a property they purchased recently
- Why he loves multi-family
- What Active Duty Passive Income (ADPI) is all about
- What he’d do if he’d start real estate investing right now
- Why it’s crucial to be intentional when networking
- The importance of having a deep-rooted WHY
Links
Active Duty Passive Income (ADPI) FB Group - https://www.facebook.com/pg/ActiveDutyPassiveIncome/groups/
American Mortgage Network - https://amnetmtg.com
Living Off Rentals Facebook Group - https://www.facebook.com/groups/LivingOffRentals/
Rich Dad Poor Dad by Robert T. Kiyosaki - https://www.amazon.com/Rich-Dad-Poor-Teach-Middle/dp/1612680194/
Think and Grow Rich by Napoleon Hill - https://www.amazon.com/Think-Grow-Rich-Landmark-Bestseller/dp/1585424331
Rich Dad’s CASHFLOW Quadrant by Robert T. Kiyosaki - https://www.amazon.com/Rich-Dads-CASHFLOW-Quadrant-Financial/dp/1612680054
Tax-Free Wealth: How to Build Massive Wealth by Permanently Lowering Your Taxes by Tom Wheelwright - https://www.amazon.com/Tax-Free-Wealth-Permanently-Lowering-Advisors/dp/1937832058
Military House Hacking: How to Live for Free, Earn Passive Income, and Create Generational Wealth by Markian Sich, Michael Foster, Eric Upchurch, Adam La Barr, Timothy Kelly, Mitch Durfee, and Rod Khleif - https://www.amazon.com/Military-House-Hacking-Passive-Generational/dp/1729232515
The BRRRR Strategy: A Primer for Investors - https://www.biggerpockets.com/blog/brrrr-buyrehabrentrefinancerepeatprimer
Undeniably, investing in rental properties is a huge decision in itself. That being said, the thought of doing it remotely is enough to make people a bit wary. Today’s guest, however, was able to successfully invest in rental properties remotely and was even able to build a portfolio of 48 doors in just 2.5 years!
Nick Giulioni is a rental property investor from the Bay Area. While he once worked as a successful e-commerce channel manager for a tech company for many years, he decided to give real estate a try after having his job threatened multiple times. After trying house hacking, he went into out-of-state investing and has not looked back since!
In this episode, discover how Nick invests in rental properties remotely through owner financing, what he loves about it, and his thoughts on the pandemic’s impact on the real estate market. You’ll learn so many interesting real estate insights and wisdom in today’s episode, so don’t miss it!
Key Takeaways
- His thoughts on the pandemic’s impact on the real estate market and what he’s changing as a result
- What he loves about rental property investing
- His background and how he got into real estate
- Some things he changed in terms of property management to prevent any possible loss in the future
- The value of holding one’s own security deposits
- The importance of having third-party audits of the bookkeeping
- Why you should consider diversifying your property management
- How he knew he can purchase properties remotely and what its upsides and downsides are
- What a turnkey provider does
- How he was able to scale his portfolio quickly
- What seller financing is
- One piece of advice he wished he got before he started
- What the ideal scenario is for him
Links
BiggerPockets - https://www.biggerpockets.com
Long-Distance Real Estate Investing: How to Buy, Rehab, and Manage Out-of-State Rental Properties by David Greene - https://www.amazon.com/Long-Distance-Real-Estate-Investing-State/dp/0997584750
Unpacking Seller Financing blog post by Nick Giulioni - https://www.biggerpockets.com/member-blogs/12953/89429-unpacking-seller-financing
The 10X Rule: The Only Difference Between Success and Failure by Grant Cardone - https://www.amazon.com/10X-Rule-Difference-Between-Success/dp/0470627603
The pandemic-fuelled economic crisis has clobbered almost every industry and the short-term rental property space is no exception. However, even if things seem dire, it is reassuring to know there is no shortage of ways you can effectively manage short-term rentals even during these unprecedented times.
Jered and Carla DaCosta are the owners of DaCosta Real Estate Investments, an investment company dedicated to buying high-quality short-term rentals. In March of 2019, the couple relocated to Jacksonville, Florida, and continued building their real estate portfolio there.
In this episode, you’ll hear how Jered and Carla manage their short-term rentals through the new COVID economy—how they find deals, what they take into account when looking for deals, and their thoughts on urban markets and short-term rentals, among others. Plenty of beneficial wisdom and insights relevant in today's challenging times, so don’t miss it!
Key Takeaways
- What they did post-West Point and how they got into real estate
- What their goals and plans were when they moved to Jacksonville
- How they approached a deal when the COVID-19 pandemic kicked in
- Their thoughts on short-term rentals and the urban markets
- What they take into consideration when looking for deals
- The monthly cash flow they’re targeting for a typical unit
- How they’re currently finding deals
- The best piece of advice they’d give to those who would like to do what they’re doing
- The best way for people to get in touch with them
Links
MLS - http://www.mls.com
Zillow - https://www.zillow.com
RedFin - https://www.redfin.com
HGTV - https://www.hgtv.com
Rich Dad Poor Dad by Robert Kiyosaki - https://www.amazon.com/Rich-Dad-Poor-Teach-Middle-ebook/dp/B0175P82RA
Let’s set something straight: contrary to popular belief, it’s never too late to build your rental property portfolio. This is something our guest today can definitely attest to. Only 2 years in and he has already accumulated 6 rental properties and is looking to add at least one each month!
Randy Ridderhoff is the owner and CEO of Awesome Homes and Capital, LLC, a real estate investment firm that buys houses as-is in Northwest Indiana. In this episode, Randy shared how he transitioned from doing fix and flips to rental property investing, the tools he uses to ensure everything runs smoothly, and what the transition has been like for him.
If you think it’s too late to build a rental property portfolio, don’t miss today’s episode. Randy’s inspiring story will surely change your mind!
Key Takeaways
- The realizations that prompted him to invest in rental properties
- How rental houses differ from the conventional ones
- Things that hold people back from investing in rental properties
- What his typical deal looks like
- What an amortization calculator is and what it does
- Bank he uses to refinance and what the process is like
- Property management system and tenant screening tool he uses
- Recent road bump he encountered and how he addressed it
- Best way to get ahold of him
Links
BiggerPockets - https://www.biggerpockets.com
Finance of America - https://www.financeofamerica.com
Secure Pay One - https://www.securepayone.com
TransUnion SmartMove - https://www.mysmartmove.com
Awesome Homes and Capital, LLC - http://awesomehomesllc.com
Randy’s email - Randy@AwesomeHomesLLC.com
Living Off Rentals YouTube channel: https://www.youtube.com/channel/UCRpWXe2mWqBm5vvbO2R2AdA?view_as=subscriber
It’s no secret I am a huge fan of rental property investing. After all, I have experienced firsthand how life-changing this type of investment can be. Contrary to popular belief, investing in rental properties provide many peerless benefits aside from just cash flow.
In this episode, I’ll tackle 5 of the most remarkable financial benefits you can’t miss out on. So if you’re considering investing in rental properties but unsure about the exciting financial benefits you'll enjoy, this episode is for you!
Key Takeaways
5 major benefits of investing in rental properties
-
- Tax advantages
- Depreciation
- Appreciation
- Principal paydown
- Cash flow
Links
Living Off Rentals Facebook Group - https://www.facebook.com/groups/LivingOffRentals/
Living Off Rentals YouTube Page - https://www.youtube.com/channel/UCRpWXe2mWqBm5vvbO2R2AdA
Tenant Move-In Expectations, Tips, and Tricks - https://www.livingoffrentals.com/pl/151930
Building a Portfolio of 300 Rentals as a Husband and Wife Team in Just a Few Years
For many real estate investors, there is one foolproof way to build wealth and cash flow—through rental properties. Today’s guests are a husband and wife team who have built a massive portfolio of 300 rental properties in just a few short years. Stan and Danae Gendlin are the owners of Gendlin Homes, LLC, one of Greenville’s largest distressed home buyer.
In this episode, you’ll discover many of the key factors that have contributed to their success. From the twist they gave to the BRRR strategy, what they look for in a good manager, and even the pros and cons of being spouses and working together, they shared it all here so don’t miss it!
Key Takeaways
- How they went about their first flip and how much they made from it
- What made them decide to get into real estate
- How they ended up focusing on rental properties
- What they don’t like about flipping
- What the BRRR strategy is all about
- An example of a deal they did using their own unique twist on the BRRR strategy
- What their portfolio looks like now in terms of number and type of properties
- Who manages their properties
- What they look for in a good manager
- The pros and cons of working as a husband and wife team
- Challenges they’ve encountered working together
- How they transitioned into doing mobile home parks
- The difference between mobile homes and single families
- Two types of mobile home parks
- What the magic number is for them when it comes to deals and cashflow
- How they get their leads
- What their goal for 2020 is
Links:
Living Off Rentals YouTube Channel: https://www.youtube.com/channel/UCRpWXe2mWqBm5vvbO2R2AdA?view_as=subscriber
Gendlin Homes -https://www.facebook.com/GendlinHomesLLC/
Home Depot - https://www.homedepot.com
BRRR Strategy - https://www.biggerpockets.com/blog/brrrr-buyrehabrentrefinancerepeatprimer
If you’d like to give the rent to own business a try but don’t know where to start, you will find today’s episode massively valuable. Our incredible guest has done something truly impressive: he accumulated 250 rental properties in just a few years. In today’s episode, he shared how he made it all happen.
Bill Powers is serial entrepreneur, real estate developer, and educator. He is also the president and founder of RTO Property. His real estate development ventures have enabled him to build a $40 million portfolio for himself and other investors that he works with. He has also flipped over 60 single family homes in just 5 years.
In this episode, discover how Bill grew his rent to own business—from running his 3-member team to the tactics they used to significantly reduce property taxes, you’ll learn it all here!
Key Takeaways
- How he built his rental portfolio
- Differences between standard rental property and rent to own
- Pros and cons of shifting from standard rental property to rent to own
- How his 3-member team works
- What he recommends to those who are looking for a good rent to own deal
- Tactic they use to reduce property taxes
- Their average property tax savings
- What he’d do differently to speed up his success if he had to start all over again
- How he transitioned from rent to own to Airbnb
- Upsides and downsides of running an Airbnb business
- His fears about Airbnb
- His ultimate business goal
- How people can get in touch with him
Links
Living Off Rentals YouTube Channel - https://www.youtube.com/channel/UCRpWXe2mWqBm5vvbO2R2AdA?view_as=subscriber
RTO Property - https://rtoproperty.com
CPAH (Community Partners for Affordable Housing) - https://cpahousing.org
BiggerPockets - https://www.biggerpockets.com
LCPIA (Lake County Property Investors Association) - http://lcpia.org
Secure Pay One - https://www.securepayone.com
The 2% Rule - https://www.biggerpockets.com/blog/2013-04-14-the-2-percent-rule
Airbnb - https://www.airbnb.com
To say the COVID-19 global pandemic has dramatically changed the world as we know it, would be an understatement.
Currently, most people are in a state of bewilderment, confusion, uncertainty, and panic.
With things changing almost by the hour, many are left feeling lost and wondering how things will eventually play out.
In this episode, I’d like to address the elephant in the room and hopefully provide some helpful insights from the point of view of a rental property investor.
I’ll share where my portfolio currently stands, my thoughts on the three possible ways things could play out, and how I intend to invest moving forward (and why).
I hope this provides some helpful guidance and solace, as we navigate through these trying times together.
Key Takeaways
- What my current portfolio looks like and how I got here
- Why I’m so big on rental property investing
- What my goal was when I started investing in rental properties
- Why I decided to sell off some of my properties
- Three possible ways things could play out
- What opportunity costs are when it comes to rental investing
- How to identify investments with outsized returns
- How to calculate personal costs into rental property investing
- How to balance opportunity and personal cost
- How I’ll invest moving forward
Links to Resources Mentioned:
Bunker Labs - https://bunkerlabs.org
Roofstock - https://www.roofstock.com
If there is one thing many rental property investors often overlook, it’s broader financial planning. Fortunately, today’s guest candidly shares financial planning insight specifically geared toward rental property investors, or those looking to get into the rental game.
Kit Lancaster is a war veteran, and the president of Sterling Edge Financial. Sterling Edge Financial is an investment management firm that provides customized financial planning, as well as investment and insurance strategies for business owners, families, and other professionals.
In today’s episode, Kit not only shared his thoughts and perspectives on key topics related to financial planning, he also provided guidance and some helpful tools to ensure your financial planning is on the right track.
Key Takeaways
- What financial planning is
- His take on rentals versus stock market investments
- Why it pays to diversify one’s portfolio
- The best strategy to start investing in real estate
- The pros and cons of investing in real estate through the stock market
- What he recommends to people when it comes to managing their assets
- Tools he recommends for personal financial planning and management
- What a cash strategy is
- What’s advantageous for those who invest in real estate in terms of legal structures
- What he recommends from an insurance standpoint
- Investments he’s most excited about
- His thoughts on financial planning
- What his personal and business goals are for 2020
- How people can get in touch with him
Links
Living Off Rentals - www.livingoffrentals.com
Sterling Edge Financial - https://www.sterlingedgefinancial.com
Kit Lancaster Linkedin - https://www.linkedin.com/in/kitlancaster
Erie Insurance - https://www.erieinsurance.com
Amazon - https://www.amazon.com
Money Guide Pro - https://www.moneyguidepro.com/ifa/
eMoney - https://emoneyadvisor.com
EveryDollar Budgeting App - https://www.everydollar.com
RightCapital - https://www.rightcapital.com
YNAB (You Need a Budget) - https://www.youneedabudget.com
Robinhood - https://robinhood.com
Dave Ramsey - https://www.daveramsey.com
Principles: Life and Work by Ray Dalio - https://www.amazon.com/Principles-Life-Work-Ray-Dalio/dp/1501124021
Principles for Navigating Big Debt Crises by Ray Dalio - https://www.goodreads.com/book/show/41317431-big-debt-crises
Financial Independence Retire Early (FIRE) - https://www.investopedia.com/terms/f/financial-independence-retire-early-fire.asp
Do you love rentals but need guidance on how to manage your properties like a true professional?
Today’s guests are rental property systems experts and partners on a successful and growing rental property business.
Ben Walhood is the owner of Apex Landlord Services, LLC. He is also the president of Apex Renovations, Inc.
Ben’s business partner is Mark Wilton, is the relationship and operations manager of Apex Landlord Services, LLC. He is also the owner and CEO of Kiwiana Homes, LLC.
In today’s episode, Ben and Mark share how they make their business partnership work, how they find and fund their deals, and what their business goals are for 2020.
They also share valuable advice on how to avoid tenant issues before they arise!
Key Takeaways
Why they decided to partner up and what the initial concept behind their partnership was
How their business setup has evolved over the years
Benefits and drawbacks of having a business partner
How they make their partnership work
What their current business setup is and what each of their roles are
Biggest shifts that have occurred since they first started until now
How they are finding and funding their deals
How Ben felt about leaving his full-time job
What Mark noticed has evolved the most in terms of real estate investing
Advise to those who would like to buy rentals and manage them themselves
How to set up tenant relationships for success upfront and how to manage it moving forward
How they balance the maintenance side without overspending
Software/apps they are using to manage their properties
Their goal for 2020 and what they plan to accomplish by the end of the year
Links
CHECKLIST: Tenant Expectations, Tips, and Tricks to avoid the most common landlord problems: https://www.livingoffrentals.com/opt-in-2e84b309-10a3-409c-867f-7967eecfdb79
Rich Dad Poor Dad by Robert T. Kiyosaki - https://www.amazon.com/Rich-Teach-Their-About-Money-dp-0446568813/dp/0446568813/ref=mt_hardcover?
_encoding=UTF8&me=&qid=
Podium - https://www.podium.com
Google Drive - https://www.google.com/drive/
Google G Suite - https://gsuite.google.com/
Google Docs - https://gsuite.google.com/intl/en_ph/products/docs/
No-doc Loan - https://www.investopedia.com/terms/l/low_no_doc_loans.asp
If you are like most people, losing $100K on your first real estate venture would have been enough to keep you from real estate investing for good. However, today’s guest is not like most people. In fact, he went from losing $100K on his first venture to doing over 160 deals and making money on each one!
Buddy Rushing is an active duty Marine Corp Officer and the owner and CEO of White Feather Investments, a community dedicated to educating and empowering military members to attain financial freedom through real estate investing.
In just 2 short years, Buddy was able to grow the membership to 450 members, establish turnkey operations in 6 cities around the United States, and create the Real Estate Investing Accelerator course. As if not enough, he is on track to do 100 more deals this year!
In this episode, you’re in for a treat as Buddy not only talks about his inspirational real estate journey and future plans, he also shared the tips, tricks, and mindset that has made him unstoppable. You owe it to yourself not to miss this episode!
Key Takeaways
- How he got into real estate
- What rental real estate is all about
- How he ended up with the strategy he has now
- How his business is set up to capitalize on his strategy
- The importance of having the right mindset
- What he looks for in a deal
- How he knows he has a deal
- What 1 percent properties are
- Three metrics he takes into account
- His goal for 2020
- His overall mission for White Feather Investment
- Where he envisions himself 10 years from now
Links Rich Dad Poor Dad by Robert T. Kiyosaki BiggerPockets Podcast Real Estate Investing Accelerator White Feather Investments