W2 Capitalist | EARN. INVEST. REPEAT.: Recent Episodes
Jay Helms
We help you successfully invest in real estate to (1) create multiple streams of income (2) achieve financial independence or (3) build legacy wealth.
Recorded in front of a live audience (members of the W2 Capitalists PRO Community), the W2 Capitalist Podcast is a resource to help you, invest in real estate while working through a successful career.
Surviving two acquisitions and one corporate bankruptcy, our founder, Jay Helms, climbed the corporate ladder for 19 years and during the 6 years leading up to his COVID19-layoff in 2020, he and his wife accumulated over 320 units in their rental portfolio while bringing 3 beautiful children into the world. In each episode Jay will interview successful W2 Capitalists and dig deep into what it takes for them to EARN. INVEST. REPEAT. their way to achieving their goals.
This holiday season, let’s take a fresh look at the classic film National Lampoon’s Christmas Vacation through the lens of real estate investing! In this episode, we explore surprising insights and lessons that can be gleaned from the misadventures of the Griswold family.
From the fact that the iconic Griswold house is actually a rental property on a movie set to the implications of property taxes in a fictional Chicago location, we uncover key takeaways that every investor can learn from. We’ll also discuss the potential for short-term rentals and the importance of diversifying income streams, as highlighted by Clark's unexpected Jelly of the Month Club disaster.
Join us for a fun and insightful discussion that blends holiday cheer with valuable real estate wisdom. What can the Griswolds teach us about building a successful rental portfolio?
Your Call To Action:
- Grab your insurance quote from Steadily in minutes.
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Curious about how a morning routine can fuel success? In this episode, we dive into the evolution of my morning habits over the past eight years, exploring how life changes, burnout, and the demands of parenting have shaped my approach.
Discover the two key indicators that have consistently driven my productivity: the power of small, consistent steps and the importance of uninterrupted focus. I’ll share insights on how my routine has adapted from early-morning perfection to a more flexible approach that still sets a successful tone for the day.
Whether you’re struggling to maintain your morning routine or looking for ways to enhance it, this episode will provide you with actionable tips and inspiration to find balance and purpose in your mornings. Join me as we explore how to evolve your routine to fit your current lifestyle while keeping the essence of success intact. What small changes can you make today to set yourself up for success tomorrow?
Your Call To Action:
- Rate this show on Apple or Spotify (doing so helps other busy parents)
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Are you tired of hearing sellers say they're waiting for the "right time" to make a decision? In this episode, we explore how to identify and navigate potential seller objections that are often disguised as excuses. As we reflect on the excuses many sellers used leading up to the recent presidential election, we uncover the deeper fears and concerns behind those statements.
Join me as I share effective strategies for peeling back the layers of indecision and building trust with sellers. We'll discuss probing questions that can help you uncover the real issues at play, enabling you to address their concerns directly and move the conversation forward.
Learn how reframing the dialogue can turn a stagnant lead into a viable opportunity and why understanding these nuances is crucial for your investment strategy. With actionable insights and practical examples, this episode will empower you to confidently engage with sellers and seize opportunities in a shifting market. Don’t let excuses hold you back—let’s get back to business.
Your Call To Action:
- Hard Money, Soft Terms, Complete the 5-Minute Quick App
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Ever had a property experience that left you shaking your head in disbelief? In this episode, we dive into a hilarious yet eye-opening story about how a couple of pot-bellied pigs decided to make themselves at home on our apartment complex property, leading to unexpected challenges and expenses.
Join me as I recount my conversation with the sheriff's office and the chaos that ensued when these unwelcome guests turned a routine maintenance request into a muddy situation. Through this wild tale, we'll explore the unpredictability of real estate management, the importance of patience and adaptability, and how sometimes you just have to roll with the punches—or snorts!
With a dose of humor and a few dad jokes thrown in, this episode serves as a reminder that in real estate, no two days are the same. Tune in to discover how to navigate the unexpected in your own investing journey and keep your sense of humor intact.
Your Call To Action:
- Download my Secret Sauce to Find Your Next BRRRR
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On this Veterans Day, we reflect on the incredible resilience and grit demonstrated by our veterans and how their experiences can inspire us as busy parents and real estate investors. Juggling family, work, and the pursuit of a better legacy can often feel overwhelming, especially when challenges arise—like deals falling through, unexpected repairs, and balancing the demands of parenthood.
In this episode, we explore the parallels between the dedication of our veterans and the perseverance required in the world of real estate investing. Discover how to cultivate resilience in your investment journey, adapt to setbacks, and maintain focus on your long-term goals. Join us as we honor those who serve and learn to embrace the strength that comes from navigating life's challenges. Thank you to our veterans for your service and for exemplifying the power of commitment and perseverance. Tune in and get inspired to keep pushing forward in your investing journey.
Your Call To Action:
- Text Me Your Feedback (number in this episode)
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Thinking about diving into the world of auction properties? Before you place your bid, listen to this episode! We’re sharing five essential tips that every investor needs to know to avoid costly mistakes when bidding on auction properties.
From understanding the property's true condition to knowing the auction rules and securing financing, we break down the key factors that will empower you to make informed decisions. With insights into how to research titles and set a maximum bid, you’ll be better equipped to navigate the auction landscape confidently.
Whether you're considering using the BRRRR method with an auction property or simply looking for the best investment opportunities, this episode will guide you through the process and help you avoid common pitfalls. Tune in and prepare to bid smartly!
Your Call To Action:
- Grab your insurance quote from Steadily in minutes.
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Ever wondered how a single moment can change the course of your life? In this episode, I share the story of how getting laid off from my 9-to-5 job four years ago turned out to be a blessing in disguise. While it felt like a setback at the time, it forced me to reevaluate my priorities and ultimately led me to a more fulfilling life.
Join me as I reflect on the meaningful experiences I’ve gained since leaving that job—spontaneous family trips, the flexibility to attend my kids’ games, and the freedom to create lasting memories. I’ll discuss how stepping out of my comfort zone and embracing the challenges of real estate investing transformed my family’s life for the better.
If you’re feeling stuck in your current situation, this episode will inspire you to see the potential for growth in life’s unexpected turns. Let’s explore how you can turn setbacks into stepping stones toward a life you love.
Your Call To Action:
- Book a Consulting Call with my CFP Mark Willis
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Have you ever been caught off guard by a contractor demanding payments? In this episode, we dive into the top three reasons contractors often ask for money before completing a job—and why you should approach these requests with caution.
Cash flow management is key to successful real estate investing, and understanding how to handle contractor payments can save you time, money, and headaches. I’ll share my proven strategies for negotiating payments that protect your investments while ensuring your projects stay on track.
From setting clear payment milestones to holding back the final payment until you're completely satisfied, these tactics will empower you to maintain control of your projects and your finances. Join me as we explore the pitfalls to avoid and the best practices to adopt when working with contractors. Let’s build a stronger, more profitable rental portfolio together
Your Call To Action:
- Text Me Your Feedback (number in this episode)
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With the election almost behind us, it’s time to shift your focus back to what truly matters—building your real estate portfolio! Many investors find themselves pausing, waiting for the dust to settle before making their next move. But in reality, there will always be something on the horizon to distract us.
In this episode, we'll discuss why it’s crucial to refocus on your long-term wealth-building goals regardless of the election outcome. While others may be sidetracked by political drama, you have a unique opportunity to take action, find deals, and strengthen your investment strategy. We'll explore how to keep your momentum going, prioritize what you can control, and capitalize on the ever-present demand for housing.
Don't let headlines dictate your future—tune in to learn how to make the most of this moment and keep your real estate journey on track!
Your Call To Action:
- Download my Secret Sauce to Find Your Next BRRRR
Connect with Jay:
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Have you noticed how retailers are already shifting their focus to Christmas before Halloween is even over? In this episode, we dive into this genius marketing strategies that allow stores to capitalize on early holiday cheer, transforming the shopping experience into a prolonged celebration.
We'll explore how this trend reflects consumer psychology, allowing retailers to boost sales by creating an extended holiday shopping window. But the lessons don’t stop there—just like retailers, real estate investors can benefit from early preparation and strategic positioning in the market.
As we connect these dots, you'll discover how to identify potential investment opportunities before the competition rushes in, ensuring you're not left scrambling like those last-minute Christmas shoppers. Join us as we discuss the importance of foresight and preparation in both retail and real estate, and learn how to apply these insights to your own investment strategies this holiday season!
Your Call To Action:
- Hard Money, Soft Terms, Complete the 5-Minute Quick App
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Have you ever wondered if borrowers and wholesalers team up to inflate assignment fees? In this episode, we dive deep into this critical question and explore the implications for real estate investors. While most of our lending at W2 Cap Capital is to trusted members of the W2 Capitalist Community, the reality is that this unethical practice can happen, and it’s something we need to be vigilant about.
We discuss why some borrowers and wholesalers may collude to raise fees, the potential risks involved, and how inflated assignment fees can impact your bottom line. Learn how we, as lenders, protect against these practices by scrutinizing every detail of a deal to ensure fairness and transparency.
By the end of this episode, you’ll have a clearer understanding of the assignment fee landscape and how to safeguard your investments from hidden risks. Don’t miss out on this essential discussion that could save you from costly mistakes in your real estate journey.
Your Call To Action:
- Download my Secret Sauce to Find Your Next BRRRR
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Feeling scared of the BRRRR process? You’re not alone! As Halloween brings out all things spooky, it's the perfect time to tackle the fears many investors have about the BRRRR strategy—buying, rehabbing, renting, refinancing, and repeating.
In this episode, I share my journey from being intimidated by the BRRRR process to discovering its power as an investment strategy. With the right knowledge and a solid support team, what seems overwhelming can become manageable. Learn how to break down each step of the BRRRR process, dispel common fears, and make informed decisions that can lead to portfolio growth and financial freedom.
Don’t let the fear of the unknown hold you back! This Halloween, embrace the BRRRR method and discover why it might just be your best investment strategy yet. Tune in to gain insights, tips, and confidence to conquer your real estate investing journey.
Your Call To Action:
- Try Hemlane Property Management for Free
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When a property lingers on the market without selling, who’s truly to blame? While many might point to market conditions or buyer preferences, I argue that realtors bear 100% of the responsibility. In this episode, we dive into the crucial role realtors play in the selling process and why their actions—or lack thereof—can make or break a sale.
Join me as we explore three key factors that determine a property's success: effective marketing, strategic pricing, and dedicated effort. Learn why modern marketing techniques, accurate pricing strategies, and consistent communication are essential for attracting buyers and closing deals.
If you're a seller or a realtor, this episode will help you understand the importance of choosing the right representation and holding them accountable for their role in the selling process. Discover how to ensure your property gets the attention it deserves, even in a challenging market.
Your Call To Action:
- Book a Consulting Call with my CFP Mark Willis
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Are you not a fan of Halloween but find yourself swept up in the excitement for your kids? In this episode, I share my personal struggle with the holiday—the decorations, costumes, and candy—and how, despite my reservations, I’ve come to appreciate the joy it brings my children.
Join me as I reflect on the memories we create together, from pumpkin carving to hosting Halloween parties. While the effort can be exhausting, I’ve learned that it’s not about the holiday itself; it’s about the experiences we share and the smiles on their faces. Discover how embracing the chaos of Halloween can lead to unforgettable moments and why it’s essential to find joy in what matters most: creating lasting memories with our kids. Tune in and let’s celebrate the spirit of family, even during the most haunted time of year.
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- Share This Episode with a Friend
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Are you feeling worn out from the demands of work, parenting, side hustle investing, and trying to be the apple of your spouse’s eye? You’re not alone! In this episode, I share my personal journey through the chaos of fall, balancing homeschooling and sports for all three kids, and the exhaustion that comes with it.
Join me as I reveal four impactful strategies I implemented to boost my energy and focus. From the benefits of B-Complex vitamins and ashwagandha to incorporating stretching during Zoom calls, increasing my protein intake, and taking magnesium at bedtime, these simple changes have made a world of difference.
Discover how these small yet powerful adjustments can help you reclaim your vitality amidst the hustle and bustle of family life. Let’s navigate this parenting journey together and find practical solutions for staying energized and focused.
Your Call To Action:
- Text Me Your Feedback (number in this episode)
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Join me as we celebrate a decade of active investing in real estate! In this special episode, I’ll share the 10 essential lessons that have not only helped me grow my rental portfolio but also saved my sanity and created more freedom for my family. From understanding the value of time to the importance of consistent action, these insights are designed specifically for busy parents juggling work and family life.
Discover how to adapt to market changes, the significance of cash flow, and the necessity of knowing your numbers. Whether you're just starting out or looking to refine your strategies, these lessons are crucial for anyone in the investment game. Tune in and learn how to navigate your real estate journey with confidence, resilience, and purpose. Here’s to the next 10 years of growth and success
Your Call To Action:
- Book a Consulting Call with my CFP Mark Willis
Connect with Jay:
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Ever sent out 2,000 postcards, only to be met with absolute silence? Join me as I share the story of one of my biggest marketing flops and the valuable lessons learned from it. After crafting what I thought was a compelling postcard to attract off-market deals, I was met with crickets—not a single response, not even a "leave me alone." This gut-wrenching experience taught me that effort doesn’t always equal results, and not every marketing method suits every investor. Tune in as I discuss the importance of finding strategies that align with your unique style, and discover how to turn setbacks into stepping stones for success in your real estate journey. If you've ever felt frustrated by lackluster marketing results, this episode is for you.
Your Call To Action:
- Join the W2 Capitalist Community
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From the first self-service grocery store, Piggly Wiggly, in 1916 to the rise of grocery pickup and delivery services in 2024, the way we shop for groceries has transformed dramatically. Join me as we explore how this shift has not only changed consumer behavior but is also reshaping the landscape of commercial real estate. With the pandemic accelerating the trend toward convenience, grocery pickup has become the norm, prompting stores to reduce in-store shopping space and expand areas for online order fulfillment. Discover the implications for landlords and investors as we discuss emerging opportunities for smaller-format grocery stores and micro-fulfillment centers in urban neighborhoods. As the traditional grocery model evolves, what new avenues will open for those looking to invest in this changing market?
Your Call To Action:
- Rate this show on Apple or Spotify (doing so helps other busy parents)
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Ever had a project you just wanted to finish without distractions? Join me as I recount my Sunday adventure installing exterior lighting, a task that had been on my to-do list for years. Just as I was about to dive into the work, my kids discovered the holes I drilled into our brick exterior, transforming a routine chore into a delightful family experience. What started as a simple installation turned into an afternoon filled with laughter, creativity, and unforgettable memories as my daughters joined in on the fun. Tune in to hear how I learned to appreciate the journey, embrace the unexpected moments, and discover the joy of involving my kids in home projects. Sometimes, the best memories are made when we least expect them!
Your Call To Action:
- Download my Secret Sauce to Find Your Next BRRRR
Connect with Jay:
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I believe you are limiting your real estate investment potential by including school system rankings in your search criteria. In this episode, we explore how ignoring traditional school quality metrics can open doors to better investment opportunities. As more families choose homeschooling for safety and flexibility, the demand for homes near top-rated schools is shifting.
Join me as we dive into the historical context of public education in America, the rise of homeschooling, and how these trends are transforming real estate markets. I’ll share insights on why you should broaden your investment criteria beyond school rankings and consider factors like community safety and emerging neighborhoods. Discover how this shift can help you uncover hidden gems in the market and maximize your BRRRR strategy. Are you ready to adapt and thrive in this changing landscape? Tune in for valuable insights that could reshape your investment approach
Your Call To Action:
- Text Me Your Feedback (number in this episode)
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Are your marketing efforts draining your budget and failing to deliver results? You're not alone. Many investors waste time and money on poor list-building strategies, from targeting the wrong sellers to using outdated data and generic mailers. These mistakes can lead to low-quality leads and missed opportunities, especially for busy parents juggling real estate investing as a side hustle.
In this episode, we break down the top 10 list-building mistakes and why they don’t work—particularly for those using the BRRRR method. Discover how to refine your targeting, improve your mailers, and create a system that brings in motivated sellers ready to make a deal. Let’s turn these pitfalls into opportunities for growth and start closing more deals!
Your Call To Action:
- Text Me Your Feedback (number in this episode)
Connect with Jay:
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Feeling overwhelmed by the demands of parenting and the challenges of real estate investing? You're not alone! In this episode, we explore the common roadblocks busy parents face—like not having enough time or money—and how these obstacles are often less daunting than they appear. After engaging in 90 conversations with parents just like you, we uncovered surprising insights about what truly holds people back from growing their rental portfolios.
Join us as we discuss how many of these challenges stem from self-imposed stories and fears. We'll break down key findings, including:
- Time Constraints: 95% of participants felt they had the time to find off-market deals but were held back by feelings of dread or past failures.
- Financing Fears: 72% of parents didn't have the full 20% down payment, yet many were unaware of the benefits of hard money lending as an alternative.
- Negotiation Anxiety: 80% had never negotiated directly with sellers, leaving them nervous about making mistakes.
Discover actionable strategies to tackle these hurdles and unlock your potential for success in real estate. Whether it’s through outsourcing tasks you dread, exploring creative financing options, or developing negotiation skills, you can overcome these barriers. Tune in and empower yourself to take the next step toward growing your rental portfolio.
Your Call To Action:
- Grab 10,000 Free Leads from PropStream
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Struggling to secure cash-flowing rentals in a competitive market? You’re not alone. As prices rise in the big city, many investors feel stuck, fighting over properties that no longer offer the returns they need. But what if the key to unlocking better deals lies just beyond the city limits?
In this episode, we’ll explore the ripple effect that’s driving tenants to more affordable areas 20-30 miles outside major cities, creating untapped rental opportunities in the suburbs and smaller towns. Lower purchase prices, less competition, and higher cash flow could be waiting for you—if you’re willing to expand your search radius.
Tired of getting outbid? It’s time to adapt and start looking where demand is growing, not where it used to be. Your next cash-flowing rental might be in the very place you haven’t thought to look yet.
Your Call To Action:
- Receive your insurance quote from Steadily in minutes.
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Ever wonder how far you've come since buying your very first investment property? Let’s take a trip down memory lane and reflect on those early deals—whether they were big wins, lessons learned, or somewhere in between. Last week in the W2 Capitalist Community, we had a blast sharing our very first investment properties, diving into the numbers, and laughing at our early decisions.
In this episode, I’ll share my own first deal, including how I bought a property for $216k, poured in $40k of renovations, and sold it for $248k... only to see its Zestimate hit $454,300 today! Whether your first investment was a home run or a hard-learned lesson, it’s time to see how far you’ve come.
Grab the details of your first deal and join us as we reflect on our journey, celebrate our progress, and maybe even have a few laughs along the way. Ready to share your first investment property story? Let’s take a walk down memory lane and see how far we've grown as investors!
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- Rate on Apple or Spotify
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Trying to grow your rental portfolio using old methods is like pouring water into a wicker basket—frustrating and pointless. Years ago, you could find cash-flowing properties on the MLS or through wholesalers, but today’s market has shifted, and those tactics no longer work. If you're a busy parent trying to expand your investments, it's time to stop wasting your time and energy on strategies that don't deliver results.
In this episode, we’ll dive into why the old tactics you’ve relied on aren’t working anymore, how the market has evolved, and what you can do instead. You’ll learn how to find off-market deals directly from motivated sellers, using a system designed to fit today’s market conditions and your busy schedule.
Ready to stop the leaks and start seeing real growth in your rental portfolio? Listen in and find out how to ditch those outdated methods and start filling up your portfolio with profitable deals.
Your Call To Action:
- Book a Consulting Call with my CFP Mark Willis
Connect with Jay:
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As a busy parent with 1-3 rentals, finding quality leads for your next BRRRR deal can feel overwhelming. Between family life, work, and managing your properties, the thought of sifting through endless lists for potential leads seems impossible. In this episode, Jay shares why the leads you’re chasing aren’t working and how to fix it with a proven system that targets the right sellers at the right time. Learn how Wojtek, a community member, landed a duplex deal without wasting time, thanks to a focused mailer strategy. Discover how you can simplify your lead generation, save time, and grow your rental portfolio, all while keeping your sanity intact.
Links Mentioned in this Episode:
- Products We Use
- The W2 Capitalist Community
Connect with Jay:
- YouTube
- Tweeting on X
In this episode of the W2 Capitalist Podcast, Jay shares the lessons he learned the hard way when first starting out with the BRRRR method. From overpaying for properties to underestimating renovation costs and struggling to find the right lenders, Jay walks through the common mistakes that many new investors make. He talks about the frustration of balancing work, family, and real estate, while trying to avoid getting stuck with a property that won’t refinance. Jay also discusses how to overcome these obstacles, optimize the BRRRR process, and grow your rental portfolio without adding more stress to your life. Tune in to hear how you can avoid these pitfalls and confidently expand your portfolio one deal at a time.
Links Mentioned in this Episode:
- Products We Use
- The W2 Capitalist Community
Connect with Jay:
- YouTube
- Tweeting on X
In this episode of the W2 Capitalist Podcast, Jay discusses one of the most unpopular policies they have at their rental properties—no grills allowed. While it may seem surprising, Jay explains the serious fire risks associated with grills and why this rule is crucial for protecting both residents and the property. Learn about the top 5 causes of house fires in rental properties, from cooking mishaps to electrical issues, and get valuable prevention tips to keep your investment safe. Whether you're using the BRRRR method or simply managing a rental portfolio, fire prevention should be a top priority. Tune in to discover actionable steps to minimize fire hazards and ensure the safety of your properties.
Links Mentioned in this Episode:
- Products We Use
- The W2 Capitalist Community
Connect with Jay:
- YouTube
- Tweeting on X
Wish you could fast-track your success with the BRRRR method? Learn the lessons I wish I knew when I had only two rental properties—lessons about building a team, focusing on cash flow, and scaling sustainably. Don't make the same mistakes I did—tune in and level up your BRRRR investing game!
Links Mentioned in this Episode:
- Products We Use
- The W2 Capitalist Community
Connect with Jay:
- YouTube
- Tweeting on X
What if I told you that you could save $30,000 on your next rental property purchase? In this episode, I walk you through exactly how the BRRRR method helps you do just that—by cutting down on commissions, retail prices, and high down payments. The math doesn’t lie, and by the end of this episode, you’ll see how our BRRRRs for Busy Parents program not only saves you money but sets you up for long-term success!
Links Mentioned in this Episode:
- Products We Use
- The W2 Capitalist Community
Connect with Jay:
- YouTube
- Tweeting on X
In this episode of the W2 Capitalist Podcast, Jay addresses a common struggle for busy parents in real estate: time management. After a revealing conversation with a friend frustrated by his lack of time to pursue off-market properties, Jay uncovers a surprising culprit—over 25 hours spent on social media in just one week! Join Jay as he shares practical strategies for reclaiming your time, prioritizing your real estate goals, and making the most of your busy life. Discover how the BRRRRs for Busy Parents program can help you outsource the heavy lifting, so you can focus on what truly matters: closing deals and spending quality time with your family.
Feeling overwhelmed by the demands of family life while trying to grow your real estate portfolio? In today's episode, I reveal how a friend's 25 hours per week on social media sparked a conversation about time management. Let’s explore how you can reclaim those hours to focus on your next BRRRR deal and find the perfect balance between your family and your investing goals.
Links Mentioned in this Episode:
- Products We Use
- The W2 Capitalist Community
Connect with Jay:
- YouTube
- Tweeting on X
Ever had a parenting moment that left you cringing, only to find it’s become a cherished memory? In today’s episode, I share the unforgettable tale of the time I hit a pigeon at the beach—and how that moment has turned into a family story my kids will never forget.
In this heartwarming episode of the W2 Capitalist Podcast, Jay shares a memorable—and humorous—story from his parenting journey. As he reflects on a day at the beach that took an unexpected turn when he accidentally hit a pigeon, he reveals how even the most unplanned moments can become core memories for our children.
Links Mentioned in this Episode:
- Products We Use
- The W2 Capitalist Community
Connect with Jay:
- YouTube
- Tweeting on X
Ever wondered if getting 100 leads is better than just 5 solid ones? In today’s episode, we dig into why chasing numbers can leave you frustrated and stuck, and how our BRRRRs for Busy Parents program focuses on delivering the quality leads that matter.
In this episode of the W2 Capitalist Podcast, we tackle one of the most frequently asked questions about our BRRRRs for Busy Parents program: “How many leads do you guarantee?” While it’s natural to seek reassurance in numbers, we explore why this question is fundamentally flawed. Join Jay as he uncovers the importance of prioritizing quality over quantity when it comes to leads in real estate. Learn how focusing on the right leads can streamline your acquisition process, save time, and ultimately help you close on your next BRRRR deal. Say goodbye to sifting through hundreds of irrelevant leads and hello to targeted opportunities that align with your investment strategy.
Links Mentioned in this Episode:
- Products We Use
- The W2 Capitalist Community
Connect with Jay:
- YouTube
- Tweeting on X
Have you ever thought about the importance of taking a day off just to focus on yourself? What if your job actually allowed you to call in healthy?
What if calling in healthy was as accepted as calling in sick? In this episode, we dive into the concept of "healthy days"—the need for breaks that prioritize our mental and physical well-being. While traditional jobs offer sick days, the idea of taking time off simply to recharge often feels taboo. I share my thoughts on how real estate investing has granted me the flexibility to take those days, allowing me to spend quality time with my family and focus on what truly matters. Join me as we explore the importance of prioritizing health in our busy lives and why employers should consider offering healthy days for all.
Links Mentioned in this Episode:
- Products We Use
- The W2 Capitalist Community
Connect with Jay:
- YouTube
- Tweeting on X
As landlords, we’re caught in a tug-of-war. We want property values to rise for better net worth, but as investors still in acquisition mode, we’re hoping for prices to dip so we can find cash-flowing deals despite high interest rates. So which is it? In this episode, I break down the dilemma landlords face with rising property values, market stability, and the impact of the Fed’s rate cuts. I also explore how the BRRRR strategy could be the answer to eating your cake and having it too. Tune in and join the conversation—are you team rising values or team price dip?
Links Mentioned in this Episode:
- Products We Use
- The W2 Capitalist Community
Connect with Jay:
- YouTube
- Tweeting on X
Ever wonder how to score big off-market deals without spending endless hours searching and sending out mailers? This week, I had the chance to underwrite a $1 million+ portfolio of multifamily, single-family, and commercial properties. The best part? The deal came straight to me, thanks to a simple, efficient system that attracts the right sellers. In this episode, I’ll share how this system works, why it’s effective, and how you can use it to streamline your deal-finding process.
Links Mentioned in this Episode:
- Products We Use
- The W2 Capitalist Community
Connect with Jay:
- YouTube
- Tweeting on X
Finding dependable handymen and contractors can be one of the biggest challenges when managing rental properties. If you’ve ever struggled to get quality work done on time, this episode is for you. I’ll share my two favorite methods for discovering trustworthy tradespeople—leveraging local community Facebook groups and making a simple call to Ace Hardware. Learn what to post, what to ask, and how to quickly build a “depth chart” of reliable workers. With these strategies, you’ll never be stuck waiting for a contractor to show up again.
Links Mentioned in this Episode:
- Products We Use
- The W2 Capitalist Community
Connect with Jay:
- YouTube
- Tweeting on X
Think the Fed’s rate cut means your mortgage rate will drop? Not so fast. While many real estate "gurus" celebrated last week’s rate cut announcement, the reality is different. Most lenders had already anticipated the cut, meaning there’s little change in mortgage rates now. In this episode, I’ll break down how the Federal Reserve's decisions truly affect mortgage rates, why banks don’t just follow the Fed's lead, and what you should be paying attention to instead. Plus, I’ll share a personal story about how lenders prepare for rate changes well before announcements hit the headlines.
Links Mentioned in this Episode:
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- The W2 Capitalist Community
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This summer, my family and I embarked on a 105-day adventure through 8 states, covering 4,740 miles and creating memories that will last a lifetime. It wasn’t just a vacation—it was a reminder of why I chose real estate investing. In this episode, I share how owning rental properties has given my family the freedom to travel for months without worrying about our income. We’ll talk about the time and location freedom that real estate provides, and how it can help you live the life you’ve always wanted. Ready to take control of your time and start your own adventure?
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Think the current real estate market is unpredictable and chaotic? What if it’s actually closer to a balanced, “normal” market than you realize? In this episode, we break down key stats like days on market, interest rates, and supply and demand to show you why now could be the perfect time to jump into your next BRRRR deal. We’ll help you make sense of the data, debunk the “crazy market” myth, and guide you through finding your next investment opportunity—right when the timing is just right.
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Busy parents, tired of wasting time searching for your next BRRRR deal? Learn how to stop chasing dead-end leads and start having the right sellers come to you. It's time to simplify your investing journey and finally find that next deal!
Are you a busy parent struggling to find your next BRRRR deal? Between juggling family, work, and life’s demands, it can feel impossible to carve out time to search for profitable investment properties. The MLS and wholesalers aren't cutting it, and today’s high prices and interest rates make things even harder. In this episode, we’ll dive into a solution designed specifically for parents with 1-3 rentals: the BRRRRs for Busy Parents program. Discover how you can stop wasting time and let the right deals come to you—so you can focus on what really matters.
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Frustrated by mailers that don’t work? You’re not alone, but there’s more than one way to get to the closing table. Let’s uncover what to do when the traditional methods stall, and how you can still find satisfaction on your journey to the next deal.
Mailers not bringing in the BRRRR leads like they used to? You're not alone. Many of us are feeling the frustration of pouring time and money into strategies that just aren't delivering the results. But giving up isn’t an option. In this episode, we explore how to overcome these roadblocks and find satisfaction even when the old methods aren't working. We’ll talk about how to adapt, innovate, and keep the momentum going in today's challenging market. There’s always a way forward—you just have to be willing to find it.
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Worried that the presidential election will impact your home prices? The truth might surprise you! Tune in to learn what really drives the housing market—and it’s not who’s sitting in the Oval Office.
Every four years, the political noise is impossible to ignore. Ads, texts, emails—it’s all-consuming. And with each election cycle comes the belief that a new president will dramatically impact the housing market, causing prices to either surge or fall. But what’s the reality? In this episode, we dive into data from the past few decades to uncover the real relationship between presidential elections and home prices. Spoiler: it’s not what you think. More important than election outcomes are factors like interest rates, local economies, and housing supply. Find out how to stay focused on what truly affects your portfolio’s growth, regardless of who takes office.
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Struggling to find cash-flowing deals in today’s market? You’re not alone—but the drive to close your next property is what keeps you going. Discover how to adapt your strategy, push through challenges, and rediscover the satisfaction that comes with closing your next deal.
The real estate market has shifted, making it harder to find those elusive cash-flowing properties that once seemed abundant. If you’ve been feeling frustrated or stuck in the process, you’re not alone. Many investors are finding it challenging to uncover those ideal deals that bring both financial rewards and the deep satisfaction of closing a property. In this episode, we explore why the sense of accomplishment in closing a deal still drives us forward, even in tough times. From overcoming market obstacles to adapting your strategy, the next rewarding deal is out there—and the satisfaction of sealing it will make the journey worthwhile.
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It’s easy to blame a city’s prosperity or struggles on political parties, but is that really the full story? By examining the top 10 poorest and wealthiest cities in America, we uncover a more nuanced picture: the leadership of individual mayors might be more important than party lines. With most of the poorest cities led by Democrats for decades, and yet many of the wealthiest also run by Democrats, what’s truly driving a city's success? It’s time to rethink how leadership, vision, and policy shape a city’s future. Explore the impact of mayors across party affiliations and how this might affect your next investment decision.
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Tired of endless mailers, cold calls, and browsing for deals that don’t exist? Discover the smarter way to find your next BRRRR deal and start growing your portfolio today.
Feeling stuck and frustrated trying to find your next cash-flowing deal? You’re not alone. Many busy parents with 1-3 rentals find themselves endlessly browsing Realtor.com or sending out mailers, only to see little return on their efforts. The reality is, retail sellers are holding onto 2021 pricing, and traditional methods aren't cutting it in today’s market. But there’s an easier way. The BRRRRs for Busy Parents program takes the marketing burden off your shoulders and ensures that the right sellers are reaching out to you. Forget the endless cold calls and ineffective mailers—this approach focuses on finding deals that actually make sense for your portfolio. Ready to stop spinning your wheels and start closing deals that cash flow? Comment "Find&Fund" and discover how this program can change your investment game.
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Managing an Airbnb isn't just about offering a place to stay—it's about creating a seamless experience for your guests. In this episode, we share how we’ve successfully managed our own Airbnb, thanks to my wife’s expertise, a 4.91 rating over 60 reviews, and Superhost status for two years running. We'll discuss how integrating an August numeric keypad for guest access has been a game-changer, providing a secure and convenient check-in process. But, as with any technology, things can go wrong. That’s why we've also implemented a backup system with lockboxes to ensure no guest is ever locked out, even in the rare event of a malfunction. From personal stories to practical tips, this episode is packed with insights to help you enhance your own short-term rental.
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Many of us weren’t taught how credit scores work or how to manage credit effectively—we often learn the hard way. As both a landlord and hard money lender, I rely on the FICO system to evaluate potential residents and applicants. But as a borrower, it can feel like this system is designed to punish rather than help.
If you’ve ever felt frustrated with your credit score, you’re not alone. It’s easy to believe the system is unfair, especially when a few mistakes can cause a significant drop. But the truth is, FICO isn’t out to get you—it just operates by a set of rules that most of us weren’t taught.
This episode explores the realities of the FICO system, breaking down how it works and how you can use that knowledge to your advantage. By understanding the factors that influence your credit score—like payment history, debt burden, and credit utilization—you can make informed decisions that positively impact your financial health.
It’s not about fighting the system; it’s about learning how to make it work for you. If you’re ready to take control of your credit journey and stop feeling at the mercy of a number, this episode offers insights that could change the way you approach your finances.
What’s one thing you’ve learned about managing your credit? Share your thoughts in the comments and don’t miss the July 22nd episode for hacks on improving your credit score.
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Freedom, communication, respect, loyalty, and trust—these aren’t just buzzwords. They are the core values that have shaped my life, my investing journey, and the W2 Capitalist Community. When I first ventured into real estate, I didn’t realize how crucial these principles would be to my success. But over time, I’ve come to understand that these values aren’t just important—they are essential.
This episode highlights how these guiding principles have influenced not only my personal journey but also the growth of the W2 Capitalist Community. From pursuing freedom beyond financial independence to creating a space where open communication, respect, and loyalty thrive, this community has become a support system that goes beyond networking. We’re not just investors—we’re a tribe committed to each other’s success.
Whether you’re a seasoned investor or still navigating your first BRRRR, you’ll find that these values resonate deeply and can empower your journey too. If you’re ready to connect with a community that shares your values and is committed to mutual growth, this episode is for you. Discover how freedom, communication, respect, loyalty, and trust can transform your investing journey.
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Have you ever wondered where the FICO credit score system came from? It’s easy to assume it’s always been a part of the financial world, but the reality is far more interesting. In this episode, we journey back to 1956, when two engineers, Bill Fair and Earl Isaac, saw a flawed system where credit decisions were based on personal judgments, biases, and inconsistent practices. Determined to change the game, they founded Fair, Isaac, and Company—now known as FICO—on the principle that data, not opinions, should drive financial decisions.
We’ll explore how their vision took over three decades to fully materialize, leading to the creation of the FICO score in 1989. By standardizing creditworthiness evaluations, Fair and Isaac’s system brought transparency and consistency to the credit world—benefiting both lenders and consumers. But like any system, FICO isn’t perfect. While it has leveled the playing field for many, it also encourages certain behaviors and can feel like a complex puzzle.
Join me as we uncover the history of FICO, its impact on lending and borrowing, and how understanding its roots can help you use it to your advantage—especially when pursuing those low rates for your next BRRRR deal. Stick around for a sneak peek at upcoming episodes where I’ll share tips on how to master the credit game.
What part of FICO’s history surprised you the most? Share your thoughts in the comments, and don’t forget to check out my episode on the top three activities that drive 80% of your credit score, released on July 22nd!
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Struggling with ineffective mailers and low response rates? Join me as I reveal the method that turned my off-market frustrations into a series of successful deals. In this episode, I break down why broad mailers fail and introduce our BRRRRs for Busy Parents program, designed to target the right sellers with precision. Learn how to optimize your efforts, reduce wasted resources, and boost your response rate. If you’re a busy parent with 1-3 rental properties, this episode will give you the tools to revolutionize your off-market strategies.
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Think you’re up against megacorporations in the single-family rental market? It’s time for a reality check. This episode uncovers why your true competition is actually the millions of mom-and-pop investors out there. We’ll explore recent data showing that 80% of single-family rentals are owned by smaller landlords. Learn how these numbers impact your strategy and what you can do to stand out. Whether you’re managing 1-3 rentals or just starting out, this episode will help you shift your focus and improve your approach to finding and funding your next BRRRR deal.
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Are megacorporations like BlackRock really your biggest competition in real estate? Join us as we dissect the real impact of these large players on the single-family rental market and why small investors still have a powerful edge. We’ll explore how these corporations influence the market indirectly and how understanding this can help you find and secure your next BRRRR opportunity. Perfect for busy parents managing 1-3 properties who want to stay ahead of the game and leverage their unique position in the market.
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Ever felt like closing on another rental was just a distant dream? In this episode, I dive into my early struggles and eventual triumphs in building a rental portfolio while working a demanding W2 job and raising a family. Learn how the BRRRR strategy was key to scaling my portfolio and how those seemingly small victories paved the way for a life of freedom. If you're balancing work, family, and investment goals, tune in for insights and inspiration on how persistence and strategy can lead to achieving your dreams.
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Ever had a tenant ask if they could set up a 20-foot inflatable pool on your property? It happened to me, and it got me thinking—what's actually in my lease? In this episode, I dive into why it’s crucial to regularly review and update your lease agreements, especially when it comes to play structures, trampolines, pools, and other large outdoor equipment. This isn't just about keeping your properties in good shape—it's about protecting yourself legally. Whether you're a seasoned landlord or just starting out, this episode is packed with practical advice and a bit of humor along the way. Tune in, and don't forget to review those leases!
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What if I told you that in just 90 days, you could have sellers calling you without sending mailers, cold calling, or hiring a virtual assistant? Sounds unbelievable, right? But here we are, ready to soft launch a system that has helped us steadily grow our real estate portfolio over the last decade. We break down the three pillars of our program: a proven marketing plan that brings leads to you, verified financing strategies for those without a hefty down payment, and expert coaching on negotiating directly with sellers. If you or someone you know might be a good fit for this game-changing program, reach out via text at 205-249-0248. Let’s find your next BRRRR in this challenging market!
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In this episode, we're diving into the recent NAR class action settlement that has shaken the real estate industry. With a $418 million award, most consumers will see a mere $13 in compensation, while the legal giants walk away with the lion's share. We'll explore what this settlement means for both consumers and realtors, especially those working with investors. From new requirements for written agreements before home tours to the implications on buyer-agent compensation, there's a lot to unpack. Realtors and investors, I want to hear your thoughts on how this is affecting your business. Let's discuss!
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In this episode, we're breaking down how the BRRRR strategy has not only helped us build a small but impactful real estate portfolio but has also given us the freedom to create a life rich with experiences and time spent with our kids. We share the journey of starting from a single rental property to crafting a nomadic lifestyle centered around family, freedom, and making unforgettable memories. If you're looking to simplify your real estate journey and focus on what truly matters, this episode is for you. Let's connect and explore how you can build a life worth living, one BRRRR at a time.
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In this episode, we're diving into the buzz around potential interest rate cuts and what they really mean for real estate investors. With the Fed potentially slashing rates by half a percentage point, the question is: will this small change in your monthly payments be enough to motivate you to buy more rental properties? We break down the numbers, discuss the real impact on your cash flow, and ask the big question—what will it take for you to jump back into the market?
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In this episode, we delve into a particularly eye-opening experience with negotiating insurance for a refinance. After facing a hefty premium increase and a frustrating payment policy from our insurance carrier, I decided to take matters into my own hands. I share how a bit of creative negotiation led to an unexpected exception and ultimately saved the day. Whether you're dealing with insurance, fast food, or any other service, this episode underscores the importance of negotiating every opportunity. Learn how building your negotiation skills can lead to better deals and increased confidence across all areas of life.
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In this episode, we dive into the quirky world of bathroom signs and their effectiveness in rental properties. Inspired by a hilariously practical sign from Rocky Mountain National Park's rustic restrooms, I explore whether signs alone can enforce good behavior among residents. From the importance of sitting on the toilet to not using the floor, these signs provide a mix of common sense and comedy. I also invite you to share your own ridiculous rental property signs and experiences. Tune in for a laugh and some practical insights on managing rental properties with a touch of humor!
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In this episode, I share a transformative experience with a 30-day iPad and tablet sabbatical for our kids during our time in Colorado. As a parent who’s had enough of the constant screen time, I decided to put the devices away and explore the benefits of unplugging. From unexpected outdoor adventures to improved sleep and a surprising drop in my own blood pressure, this sabbatical turned out to be a game changer. I discuss how the absence of screens opened up opportunities for meaningful activities and better family bonding. I also challenge you to consider scheduling a device-free period for your kids and offer support to those willing to take on the challenge. Tune in for tips on how to make it work and the positive changes you might see in your family’s life.
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In this episode, I dive into the good and the bad of working with Steadily, an insurance provider focused exclusively on real estate investors. I’ve been a happy partner and customer for years, but a recent experience during our refinance revealed some important lessons. I'll break down the value they offer, discuss the frustrations I faced with their EOI (evidence of insurability) process, and share why I still recommend them despite some setbacks. If you're a real estate investor or dealing with insurance issues, this episode is for you.
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When our car started smoking and the dash went dark, my anxiety spiked as we were barely 34 miles into our nomadic journey. While I was stressing over repairs and delays, my kids were busy making the best of the situation, turning a Walmart parking lot into their own playground. This episode is all about the valuable lesson I learned from my kids: sometimes, you just need to chill out and make the most of life's unexpected detours. Join me as I reflect on our adventure, the importance of flexibility, and the surprising wisdom kids can teach us along the way.
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In this episode, I’m celebrating a remarkable milestone: our B&B has earned an impressive 4.91 rating from 64 reviews on Airbnb, and we’ve been a Superhost for several quarters in a row! I’ll share why this achievement is so special and how it reflects the hard work of my amazing wife, Cassie, who’s primarily responsible for our hosting success. I’ll dive into some of the standout reviews, highlighting the consistent praise we receive for our home’s layout, amenities, and Cassie's exceptional hosting. Discover the common threads in these glowing reviews, and learn how attention to detail, clear communication, and anticipating guest needs can set your property apart.
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Join Lexie from Hemlane as she takes over today’s podcast to dive into the hottest property trends and share the benefits of self-managing your rental properties. In this episode, Lexie covers key trends such as the shift to suburbs and rural areas, the rise of green living, and the integration of smart home technology. She also highlights the cost savings, greater control, and personalized service that come with self-managing your properties. Learn how leveraging technology like Hemlane can simplify the process and maximize your investment potential. If you have any questions or want to learn more, reach out to Hemlane and mention you're part of the W2 Capitalists for a special discount.
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Welcome to part two of our negotiation series, titled "B&B Cancellations." In this episode, we explore how constant practice in negotiation can transform frustration into confidence and success. Inspired by an epiphany from our last discussion, I'll share a recent experience where my wife, Cassie, and I had to navigate a challenging situation with a B&B guest who wanted to cancel last-minute. Discover how Cassie's persistence, combined with our refined negotiation skills, led to a rewarding outcome.
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In this episode, we dive into the art of negotiation and how practicing it in everyday situations can transform your real estate investing game. This is part one of a two-part series where I share my personal experiences, starting with a recent incident at a fast-food chain. Learn how holding organizations accountable can boost your confidence and negotiation skills, setting you up for better real estate deals. Tune in as I recount a frustrating yet rewarding daddy-daughter outing and offer a simple challenge to help you enhance your negotiating prowess. Don't miss part two, where we'll tackle B&B cancellations and more!
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In this episode, we're diving into a real estate scenario that many investors face: the decision to sell a property for a quick profit or refinance to reap long-term benefits. I'll share my recent experience with a fourplex we've purchased in 2018. Despite an offer that would give us a $100,000 profit on a $250,000 investment, I chose to refinance instead. Join me as I break down the numbers, discuss the pros and cons of refinancing at a higher interest rate, and explain why cash flow and long-term gains took precedence over an immediate profit. I'll also touch on how we increased rents through strategic renovations and why holding onto the property made more sense for our investment strategy.
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In this episode, we dive into the world of hard money loans. If you've ever been puzzled by the documentation required for these loans compared to traditional lending, this episode is for you. We'll break down the key documents needed for hard money loans and 30-year fixed DSCR rental loans, highlighting what you should expect and what you shouldn't have to provide. Whether you're tackling a BRRRR or a flip project, get clear on the essentials and avoid the common pitfalls of dealing with lenders who don't play by the rules.
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In this episode, I share an inspiring story about Ryan, a 13-year-old entrepreneur I met at a concert in Winter Park, Colorado. Amidst the fun and music, Ryan was focused on his goal, persistently pitching his cooler's contents to concertgoers. His determination, even in the face of constant rejections and distractions, taught me a powerful lesson in staying focused. Join me as I recount Ryan's story and discuss how his unwavering dedication serves as a reminder for all of us to keep pushing forward towards our goals, no matter the obstacles. Tune in to learn how every "no" can bring you closer to a "yes."
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Join me in this episode as we take inspiration from the hit series Ted Lasso and discuss the importance of "practice" in real estate investing. Inspired by a memorable scene, I share a personal story about how consistent practice can make all the difference. Just like Ted emphasizes practice with his team, we'll dive into the daily, weekly, and monthly habits that keep us sharp and successful in the real estate market. From checking online listings and networking to ensuring maintenance requests are handled, discover how you can apply these principles to know your market and properties better. Tune in, and let’s talk about practice, man!
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Ever been pulled over by a U.S. Forest Ranger and told to exit your vehicle? That happened to me last week in Rocky Mountain National Park. What followed was even more shocking: I found out my driver's license had been suspended for nearly two years without my knowledge! Join me as I recount this bizarre experience and the list of 10 surprising things you can still do with a suspended license. From buying real estate to flying internationally, this story is a reminder that life’s unexpected challenges require resilience, humor, and vigilance. Tune in for a laugh and some valuable insights into navigating life’s curveballs.
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Feeling the pressure from all sides? In this episode, I share a recent epiphany that’s helped me handle stress and anxiety more effectively. Like many of us, I juggle numerous responsibilities—from being a better husband and father to serving the W2 Capitalist community and managing rentals. The self-inflicted pressure can be overwhelming, but I've discovered a crucial insight: recalling past successes and relying on my accumulated experience can restore my confidence. Join me as I dive into this realization and offer practical advice for those battling self-doubt. Let’s learn to flip the script on stress and anxiety, focusing on our gains rather than the gaps.
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In this episode, inspired by a poignant excerpt from the book QBQ, Question Behind the Question by John G. Miller, we explore the concept of adapting to changing conditions in both life and investing. Reflecting on a personal story and a tragic hiking experience, we draw parallels to navigating the shifting landscape of real estate investment. Just as a pilot adjusts to a failed engine mid-flight, investors must pivot when faced with market downturns or unexpected challenges. Join us as we discuss resilience, adaptation, and the mindset needed to thrive in turbulent times. If you're ready to invest differently and navigate these changes with confidence, visit w2capitalist.com/join or text 205-249-0248 to join the W2 Capitalist community.
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Negotiating directly with sellers can be intimidating, but with the right prompts, you can confidently steer the conversation. In this episode, I share insights from the W2 Capitalist community, including a special shout out to Brody Oaks for helping create 90 seller negotiation prompts available for free at w2capitalist.com/negotiate. Today, we'll focus on the top six seller financing scenario prompts for tired landlords, designed to help you secure favorable deals. Learn how to ask bold questions that put you in control and make negotiating a breeze.
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In this episode, we dive into a crucial lesson in communication inspired by the iconic line from Captain Phillips. Discover how a simple communication breakdown nearly derailed a major renovation project on my four-plex, and learn from my mistake so you don't encounter the same issue. Tune in for practical advice on how clear communication can make or break your real estate projects, and ensure your renovations run smoothly, even when you're miles away.
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Join me for a laugh and a reality check as I share the latest batch of ridiculous advice from so-called real estate gurus. In this five-minute segment, I'll dive into five new pieces of "wisdom" that have surfaced on my social media feed. From the absurd notion that you can start in real estate with no money or credit to the misguided idea of buying 10 properties before you’re 30, these gems are sure to entertain and enlighten. Plus, I’ll give a shout-out to busy parents about an exciting new program, BRRRRs for Busy Parents, designed to help you close on your next property without the hassle. Tune in, have a laugh, and learn what not to do from these guru. Got any crazy guru quotes?
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In this episode, I reveal the three key activities that contribute to 80% of your overall credit score and how you can hack them to improve your financial standing. As real estate investors, having a stellar credit score is crucial for securing funding and getting the best rates. I'll break down the top three factors and learn how maintaining long-term accounts, setting up automated payments, and managing your credit utilization can make a significant difference. Plus, I'll share a pro tip on helping your kids build credit early.
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In this episode, I dive into a critical aspect of property management: ensuring your residents pay rent on time. It's not just about having a simple solution—it's about implementing a comprehensive process that has proven effective for us over the years. Discover the two essential components that contribute to our success: tight leases and adopted policies that lead to trained tenants. I share insights on crafting leases that legally enforce timely rent payments and explain why having clear policies is crucial for maintaining consistency and avoiding exceptions. Join me as I break down our approach to late fees and the specific steps we take when tenants fall behind on rent.
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In this episode, I share an unexpected story about Walmart's outstanding customer service and how it inspired me to think about service in real estate investing. During our nomadic travels, we rely on Walmart for massive grocery pickups as we reach new destinations. We encountered a small hiccup with our order involving ice. What happened next left a lasting impression. Discover how Walmart's Evergreen, Colorado, location went above and beyond to resolve our issue and why this experience made me rethink the service we provide to our residents. Tune in to hear the full story and join the conversation on how we can all enhance our service levels, even with the smallest gestures.
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In this episode, we tackle a controversial topic: Should you set up a GoFundMe page because you made a mistake on an investment property? I share my thoughts on taking responsibility for our actions and the importance of extreme ownership. A recent story about a young sailor who lost his boat in a storm and turned to GoFundMe sparked this discussion. Tune in to hear my take on this issue, the lessons we can learn from it, and why relying on others to bail us out isn't the best approach.
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Welcome to part two of our series on hard money loans! In this episode, we dive deeper into the loan structures and how hard money loans can fund your projects. If you missed part one, be sure to check out yesterday’s episode for an introduction to the who, what, when, where, why, and how of hard money loans. Whether you're an experienced investor or just starting out, this episode will provide valuable insights into the mechanics of hard money loans.
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In this episode, we dive deep into the world of hard money loans, breaking down the essential who, what, when, where, why, and how. We'll explore five key reasons why investors might choose hard money loans and who they are best suited for. As a hard money lender myself, I frequently get questions about this topic, and I hope this episode serves as a helpful resource for anyone considering hard money for their next project.Tune in tomorrow for part two, where we'll discuss loan structures and how hard money loans can fund your projects.
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In this episode, we dive deep into the world of seller financing deals. We'll explore why many sellers struggle with understanding interest payments and how to simplify these conversations for smoother negotiations. I'll share my insights on avoiding interest rate discussions and structuring deals to benefit both parties, especially when it comes to tax implications. Remember, always consult with a CPA for personalized advice. Let's make seller financing less daunting and more profitable!
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In today's episode, we're diving into the hot topic of grills at B&Bs and rental properties. Why don't we allow them? Well, it's a combination of safety concerns, peace of mind, and a bit of insurance. I'll share a story of melted siding from a grill and why we believe it's worth the potential missed bookings. Plus, hear about our policies for fire pits, smokers, and deep fryers, and a funny encounter with a guest who brought his own massive grill. Do you allow grills at your rental properties? I’m curious about your policies and experiences. Let’s discuss! Text me at 205-249-0248.
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In today’s episode, we’ll dive deep into partnership criteria and why it matters. Join us as we explore the often overlooked topic of establishing clear guidelines before entering into business collaborations. Many rush into partnerships, but with over 13 partnerships in real estate, learn why knowing someone for at least six months and having previous deal experience are crucial criteria. Discover practical insights and join the conversation on what makes a successful partnership.
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Have you ever found yourself fixing a hotel sink drain in the middle of the night? Join us as we delve into a story of DIY plumbing adventures during a hotel stay. Tune in to hear about our journey from tired traveler to impromptu handyman and reflect on what tasks give you that much-needed mental break.
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Ever heard folks saying the Airbnb gold rush is over? Many believed hosting was a get-rich-quick scheme requiring minimal effort, only to find out the hard way. Intrigued by the talk of an Airbnb bust, I delved into some fascinating statistics straight from Airbnb. Join us as we dive into some surprising stats about Airbnb that might change your perspective. Despite popular belief, the Airbnb gold rush isn't over; it's evolving. Do you think the B&B gold rush is truly over? Tune in and let us know your thoughts by texting 205-249-0248.
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Join us in this episode as we confront imposter syndrome head-on. Inspired by comedian Jimmy Carr's insights, we discuss why imposter syndrome isn't something to fear, but rather, something to embrace as a sign of growth. We explore the misconceptions around success and jealousy, emphasizing that others admire your achievements, not the path you took to get there. Whether you're navigating your small rental portfolio or aiming for greater goals, learn why chasing imposter syndrome can lead to personal and professional advancement.
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Are you torn between investing in single-family or multifamily rentals? In this episode, we dive deep into the pros and cons of each investment type. Using a fun analogy inspired by my son's thoughts on Spider-Man, we explore how long-term client engagement can impact your investment strategy. Join us as we analyze real-world scenarios and share insights to help you make informed decisions in the real estate market. And remember, always trust your Spidey senses!
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Are you considering self-managing your rental properties but struggling with how to show units without it consuming all your time? In this episode, I'll walk you through our streamlined process, inspired by the W2 Capitalist community and particularly Tyler Hughes and Chattanooga. This method has been a game-changer for our remote portfolio of 20 units, especially after discovering our third-party property manager was stealing from us. If you're looking to enhance your remote showing process or boost your confidence in self-management, this episode is for you.
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Ever wondered why some real estate advice from forums or free Facebook groups sounds good in theory but falls apart in practice? Join us on this episode as we dive into the pitfalls of taking advice from inexperienced sources and how the W-2 Capitalist community sets itself apart. Recently, I came across a post in a popular REI group where a father debated installing coin-operated washers and dryers in his duplex. The response he got was filled with poor advice from someone with no real-world experience. Ready to join a community where real experience counts? Text me at 205-249-0248. Tune in to learn more!
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Ever wondered why your tenants keep complaining about mold or mildew in their bathrooms? It might be because their bathroom is treated like a rainforest during a shower! Join us as we dive into Project Wire Bathroom Exhaust Fans to Light Switches. Learn how hardwiring bathroom exhaust fans to light switches can make a significant difference in maintaining a mold-free environment in your rental properties.
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Ever feel like you did everything right with your offer but still got a "no"? Sometimes, it's not about what you did—it's about when you did it. In this episode, we explore the importance of timing and follow-up. Drawing from a fun personal story involving family-sized bags of Funyuns, we'll dive into why persistence and strategic follow-up can turn a rejection into an acceptance. Learn how to stop doubting your skills and start mastering the art of the follow-up, and maybe even make your offer stand out with a quirky touch. Find out how the right timing can make all the difference in your real estate investing journey!
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In this episode, I share how my perspective on using credit cards and lines of credit as CapEx and vacancy reserves has evolved over my investing career. Initially skeptical, I've come to see the value of this approach, especially when cash reserves can be better utilized. Hear about real-life examples from our mastermind calls, the importance of distinguishing financial vs. occupational vacancy, and how leveraging credit can help you stay in the game. Tune in and let me know where you stand on this topic!
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In this episode, we dive into my $500,000 mistake in real estate investing.My biggest mistake of all? Not listening to my wife. Join me as I recount our annual trips to Pigeon Forge, Tennessee, where we discovered a charming cabin that could have been ours for just $130,000. Learn from my experience about the importance of vision, taking risks, and the value of community support in making informed investment decisions. Whether you're stuck in analysis paralysis or unsure about market conditions, this episode will provide insights on how to avoid costly mistakes and grow your real estate portfolio effectively.
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Who's ready to get rejected today? As I’ve seen this struggle in our community, we’ve implemented “rejection therapy” as a fun, weekly challenge to build confidence in making offers. Because financial growth can't happen without personal growth!In this episode, I explain how rejection therapy works and why it’s essential. Get ready to embrace rejection as a stepping stone to success. Try rejection therapy today and see how it boosts your confidence and investment results.
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Well, well, well, Bluey's house is up for sale! In this episode, I dive into what this fictional house sale teaches us about real estate investing. Whether it's in Australia or Timbuktu, Alabama, unfamiliar markets can present valuable lessons. I'll share the three critical questions I ask when evaluating potential long-term rental investment properties and why avoiding flood zones and understanding population trends are crucial. Tune in for insightful real estate tips!
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In today’s episode, I’ll share an eye-opening experience from my recent trip that led me to stiff a waitress for the first time in 30 years. We'll discuss the importance of providing excellent service, whether you're in the restaurant business or managing rental properties. Drawing parallels between tipping etiquette and our commitment to residents, lenders, and the community, we'll explore why exceptional service is crucial for maintaining strong relationships and ensuring repeat business. Plus, I'll recount a surprising drive-thru encounter that made me rethink tipping in modern times.
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We’ll explore the surprising parallels between spare tires and side hustles in today’s episode. Last weekend reminded me just how invaluable both can be. We've been slow traveling for years with only minor vehicle issues until a recent incident underscored the importance of having a spare tire – a reminder of why having a side hustle is equally crucial. We'll discuss the importance of being prepared, staying resilient, and ensuring your "spare tire" – whether literal or metaphorical – is always ready to go.
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In this episode, I share a bizarre and NSFW rental application that left me speechless. After years of using Hemlane for property management, I decided to test Facebook Marketplace for filling a vacant unit. The results were surprising, to say the least. From 81 inquiries on Facebook, only one applicant was approved, compared to Hemlane's six inquiries and three approved applications. But the real kicker? An unforgettable voice message from a potential tenant. Tune in to hear the cleaned-up audio and the valuable lessons learned about finding quality tenants. You won't want to miss this one—trust me.
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Ever wondered when the best time to transition your PM system is? Tune in to this episode where we break down why the 15th of the month is the ideal day for making this switch. We’ll discuss how this timing ensures rent collection is complete, gives residents ample time to adapt to the new system, and prevents late payment excuses. Sharing personal experiences and practical tips, we’ll guide you through posting notices, following up with residents, and ensuring a smooth transition.
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In this episode, we dive into overcoming fears and taking actionable steps towards your real estate goals. Join us as we discuss a recent mastermind call with Jason, Brody, and myself, where we tackled the intimidating prospect of door knocking for pre-foreclosure deals. While Brody, an expert in acquisitions, thrives on this strategy, Jason and I—both introverts—struggled with the idea. Whether you're scared to knock on doors, talk to potential partners, or raise funds for your next deal, this episode will guide you in identifying your edge, taking a step back, and building the confidence needed to take action. Remember, confidence yields action, and action yields results.
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Ever been so focused on your goals that you surprise not only others but yourself too? This week, we’re diving into a hilarious and unexpected lesson from my recent slow travel adventures. As my family and I navigated the challenges of hotel living amidst noisy teams and sleepless nights, I had a moment that perfectly illustrates the power of singular focus. We’ll explore how maintaining focus, even in chaotic situations, can lead to surprising outcomes. Listen for a mix of humor, real-life insights, and a reminder that dedication to your goals can lead to extraordinary moments.
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Ever heard of a cow patty party? No? Well, get ready for a wild story from my hometown that’ll make you rethink creativity in real estate investing. This episode, we're exploring the quirky tradition of the cow patty party and its surprising connection to finding cash-flowing deals in today’s challenging market. Tune in to hear this unusual tale and learn how thinking outside the box can lead to success in real estate investing.
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In this episode, we're tackling a question on every real estate investor's mind: "Will I ever find another deal that cash flows?" Join us as we dive deep into this topic and we'll also introduce you to our 28-Day Deal Flow Challenge, a structured plan designed to boost your deal flow. Markets may have shifted, but by dedicating time and effort to these steps in this challenge, you can still find deals that meet your cash-flowing criteria.
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In this episode, we’ll delve into the realm of the Real Estate Investor's No Man's Land. We’ll explore what it means to be stuck in this desolate area of real estate investing, where motivation dwindles, stress mounts, and growth feels stagnant. Success in real estate investing isn't about matching someone else's pace; it's about finding what works for us and staying true to our goals. Tune in for insights on navigating this challenging terrain and breaking free from the Real Estate Investor's No Man's Land.
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Get ready to join the adventure with our nomadic crew as we dive into the humorous realities of frequent pit stops, highlighting our personal best of a 197-mile stretch without pausing. From Hardee's biscuit breaks to unexpected naps, discover the strategies behind our epic journey milestones and the chaos that ensues during our "pit crew pit stops." So buckle up and tune in as we navigate the highs and lows of life on the road, one mile at a time!
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In this episode, I’ll open up about my journey as an introverted real estate investor. Discover how virtual communities have played a pivotal role in my growth and helped me overcome the anxiety associated with in-person events. If you're an introvert struggling with networking in the real estate world, this episode offers practical advice on leveraging virtual connections to ease into face-to-face interactions. Learn how you can push beyond your comfort zone, build valuable relationships, and boost your confidence in real estate investing.
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In today’s episode, we delve into the successful implementation of a "cash-for-keys" strategy. Learn how this approach can be a win-win for both landlords and tenants, offering a swift, cost-effective alternative to the lengthy and costly eviction process. I'll share the story of my first cash-for-keys success with a long-term resident who had become a problem tenant. Discover the step-by-step process we used, from the initial offer to the signed agreement, and the clean-up after the tenant's departure. Hear about the benefits of this strategy, including how it can help you avoid legal battles, reduce stress, and maintain property conditions.
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We’ll discuss in this episode our straightforward policy for reimbursing residents for water leaks, an issue we've frequently encountered across our property portfolio. From burst pipes hidden behind walls to leaks under the slab or in the yard, water leaks can cause significant stress for both landlords and residents. We'll walk you through our process of handling these situations, including how we calculate reimbursements based on residents' average water bills over the past year. Learn how to implement this water leak policy and other techniques to enhance your landlord-resident relationships.
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In this episode, we explore the importance of implementing proper filters from the very first interaction with potential tenants. Join us as we dissect a real-life interaction with a prospective tenant, Jaylin, and uncover the red flags that signaled she wouldn't be a suitable tenant. Discover why having a stringent filtering process is crucial for saving time, money, and headaches down the road. We'll share practical tips on setting up your own filtering system to weed out unsuitable candidates and ensure you find the right residents for your properties.
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In this episode, we reveal how guests were accessing our owner's closet and garage despite our best efforts to keep these areas off-limits. Discover how we maintain security with keyed deadbolts and electronic numeric keypads, and hear about our puzzling experience with guests repeatedly breaking into the garage. Learn from our mistake and get practical tips on securing your property, ensuring your off-limit areas remain truly private.
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Inspired by James Clear's "Atomic Habits," this episode dives into the importance of focusing on your current trajectory rather than immediate results. Join us as we recount a personal story about building a chevron-style outdoor table and how a tiny deviation in measurements can lead to significant misalignment over time. Learn how to make these tiny, impactful shifts and start building the future you desire, one small habit at a time.
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In this episode, we tackle the frustrating issue of VA turnover and how you can break the cycle using a bit of simple science—no degrees required! Hear about a real community member's experience and the solution that turned things around: hiring based on personality traits. Discover why highly neurotic individuals excel in admin roles and how the Big Five Personality Test can be your secret weapon in finding the perfect VA. Don’t miss this chance to transform your hiring strategy and achieve greater success with your VAs!
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In this episode, we dive into the critical importance of capital reserve accounts, highlighted by a recent $18,856 HVAC replacement expense. Learn how combining cash, lines of credit, and the cash value of a whole life insurance policy can safeguard your finances. We discuss the benefits of high-interest savings accounts, strategic use of credit lines, and leveraging life insurance policies. Learn some valuable tips to help you plan for those inevitable big expenses.
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In this episode, I address Glenn's comment and explain why real estate agents are far from useless. This discussion stems from a post I made in our community, where we focus on finding seller financing opportunities through off-market mailers, not the MLS. Glenn's comment inspired me to dive deeper into this topic. I'll outline the four types of real estate transactions in this episode and explain why most of our community's strategies don't always need their involvement.
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In this episode, we delve into the importance of discovering your deeper "why" to fuel your investment journey, using the "7 Levels Deep" exercise to unearth your true motivation. This method involves continuously asking yourself why you invest in real estate until you reach that profound AHA moment. We discuss how a clear purpose, we also emphasize the role of community support, significantly boosts your chances of achieving your goals. If you've lost sight of your "why" or need a motivational boost, this episode is for you. Listen in to learn how to find and maintain your driving force in real estate investing.
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Hey busy parents and side hustlers! In this episode, we dive into the top challenges you face when growing your real estate portfolio, based on insights from almost 100 market research calls. Many of you struggle with finding cash-flowing deals, securing capital for down payments, and managing your time effectively. We discuss the impact of current market conditions, explore creative financing options, and share practical strategies to overcome these obstacles. If these challenges resonate with you, reach out (205-249-0248) to join our growing community and discover valuable tips and resources. Plus, don't miss the insights from Jason Wojo of Lifeonaire on prioritizing what's important in your schedule.
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Happy Monday! It’s time for our weekly challenge. This month, our community focus is on Legacy, a topic our members are passionate about. Today’s challenge is to create a Legacy letter or video for your children or future generations. Explain why you chose real estate investing to build a family legacy, share your hopes, advice on personal finances, and lessons learned. This can be a recurring activity. Record a video or audio if you prefer. Start documenting your legacy today—your future generations will thank you!
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Happy Friday, everyone! Today, I’m sharing a story about the chaos of our tax code and why it’s so frustrating. Despite having a CPA, I faced a bizarre situation with the IRS that highlights the inefficiencies and confusion within the system. Despite trying to pay what we owed, I kept getting no balance due on the IRS site for months. Then, out of the blue, I received a letter from the IRS, not demanding payment, but sending us a check for overpaying! Listen in to hear the full story and my thoughts on our convoluted tax system. Are you team April or team October when it comes to filing taxes?
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Hey busy parents! In today's episode, we're diving into why you shouldn't accept credit or debit card payments for rent. I'll share a painful lesson learned from my own experience and explain the potential pitfalls. We initially thought accepting card payments through Hemlane was a great idea for tenant convenience. However, we faced a major issue when a tenant disputed a payment, leading to a loss of three months' rent. I'll break down the risks involved and why we've switched exclusively to ACH transfers. If you've faced similar challenges or have insights on ACH transactions, I'd love to hear from you.
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Happy Wednesday, everyone! If you've been wondering about Monday and Tuesday's missing episodes, I've got a story for you. Today, I'm sharing a personal example of how juggling multiple roles—being a parent, a spouse, and a side-hustling real estate investor—can sometimes lead to missed goals. Instead of stressing out, I'm learning to accept that it's okay to miss a beat sometimes, thanks to the book The Gap and the Gain by Dan Sullivan and Ben Hardy( https://www.amazon.com/Gap-Gain-Achievers-Happiness-Confidence/dp/1401964362). Tune in to hear how I'm striving for consistency rather than perfection and why it's important to recognize and celebrate your progress, even when things don't go as planned.
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Happy Friday, folks! If you've got that extra pep in your step, it's because the weekend is just around the corner. Today, let's dive into the incredible benefits of community! Let me share a little story about the magic that can happen when you're surrounded by knowledgeable peers. So, picture this: a film crew wants to book your space, but there's a catch. They come with some pretty sketchy clauses in their agreement. Cue Kaitlyn, our community superhero, who swoops in with some priceless advice. Thanks to her wisdom, we dodged a few legal bullets and ended up getting paid for a week without the crew even setting foot on our turf! 🦸♂️💰 Talk about a win-win! This just goes to show the incredible power of community—where each member brings their unique expertise to the table, helping us all navigate the twists and turns of the business world. So here's to leaning on each other, learning from one another, and celebrating the victories together! Cheers to the power of community!
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Hey there, fellow busy parents! Today, I'm diving into a topic that's been buzzing around lately: speaking up against unethical advice in the real estate industry. Now, I know what you're thinking: "Why stir the pot?" But here's the deal: when it comes to shady practices, I firmly believe in calling them out. It's like this mantra I live by—One is an anomaly, Two is a pattern, three is a trend. So, when I see troubling patterns emerging, especially from self-proclaimed real estate gurus, I feel compelled to speak up. So, why do I do it? Simple. It's all about maintaining the integrity of our industry. By shedding light on these practices, we're not only protecting our community but also attracting like-minded individuals who value ethics over shortcuts. So, join me in this quest to keep our real estate realm above board and thriving!
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Hey there, podcast fam! Happy Wednesday! Today, we're diving into a topic that's often overlooked but super handy: the Rule of 72. Ever wondered how long it takes for your investments to double? Well, this nifty little rule has got you covered! It's as easy as pie: just take the number 72 and divide it by your annual interest rate, and voila! You've got the number of years it'll take for your investment to double. Sounds like magic, right? Tune in to this episode as we break down some calculations and demystify the Rule of 72. Trust us, you'll be thanking us later when you're doubling those investments like a pro!
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Today, we're on a mission to conquer the distractions of shiny object syndrome, and we've got a little help from Keith Cunningham's "The Road Less Stupid." In this insightful read, Cunningham drops a truth bomb that stopped me dead in my tracks: "How does this get me to my goal faster?" It's a game-changer, folks. When we're evaluating deals, opportunities, or even life choices, it's all about weighing the pros and cons. So, join me on this enlightening journey as we decipher the difference between fleeting distractions and genuine opportunities. Remember, a slight hesitation may just be the key to steering clear of shiny distractions and staying focused on what truly matters. Who knows? You just might find yourself diving into success faster than ever before – no floaties required!
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Get ready for this week's challenge, folks! It's time to shake things up and schedule yourself a little social media sabbatical – courtesy of our fabulous classmate Sherry R! Here's the scoop: I want you to block out some time this week – or hey, even in the near future – for a much-needed break from the endless scroll. Now, I know what you're thinking – why all the fuss about social media? Well, my friends, it's time to face the music. We're spending more time scrolling than we are living – and that's a problem. Let's flip the script, prioritize what truly matters, and reclaim our precious time. Remember: it's all about making room for what matters most – our loved ones, our passions, and our investments in the good stuff. Until next time, stay social, stay savvy, and don't forget to take a breather every now and then. After all, life's too short to be spent staring at a screen!
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Hey there, busy parents! Welcome to another sizzling episode of Hot Water Heater Friday! 🔥 Today, we're diving headfirst into the world of water heater replacements – because let's face it, when that trusty old unit calls it quits, it's time to roll up those sleeves and get down to business. So, what's the damage, you ask? Well, grab a seat and hold onto your hats as we break it down. Dear listeners, when it comes to water heater woes, knowledge is power. Arm yourself with these nuggets of wisdom, shop smart, and keep those eyes peeled for any signs of trouble brewing. After all, a little TLC goes a long way in the world of hot water! Until next time, stay cool and keep those heaters heated!
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Hey, folks! Today, I'm sharing my personal journey of discovering the hard truths about property management and how to spot the signs of a sneaky manager who's not playing by the rules. Picture this: missed rent payments, deferred maintenance requests piling up, and evictions mysteriously MIA. Sound familiar? Yep, been there, done that. But fear not, because I've crafted the ultimate cheat sheet – 5 telltale signs that your property manager might be dipping into your pockets behind your back. Armed with these signs, you'll be ready to tackle any property management shenanigans head-on. And hey, if you found this episode helpful – and trust me, you will – I'd be over the moon if you could spare a few minutes to leave us a glowing 5-star review. Your support means the world! So grab your detective hats and let's uncover the truth together. It's self-management sleuthing time!
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Happy Wednesday! Today, let's delve into a topic you might not have thought about much: the Department of Insurance. Yep, it's a real thing, and it's more important than you might realize. Join me as I share my eye-opening journey of discovering this crucial department and why it's essential to know about it when selecting insurance carriers for your properties. Discover how the Department of Insurance plays a crucial role in regulating insurance carriers and ensuring they toe the line. So buckle up and tune in! By the end of this episode, you'll be armed with the knowledge to make informed decisions about your insurance needs. After all, knowledge is power, especially when it comes to protecting your investments!
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Tune in as I recount a recent experience where I decided to relinquish control and let my spouse take the reins. After a grueling week packed with work, family, and investment stresses, I declared to my wife that I simply didn't want to make any decisions. Surprisingly, it turned into one of the most refreshing and mentally freeing experiences I've had in a while. Join me as I share the journey from feeling like a drone to being fully present with my family. Discover how embracing this approach can offer a much-needed mental break and strengthen your connection with loved ones. It's time to take a step back and let someone else call the shots—for a day at least!
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Welcome back to another episode, folks! Today, I've got a challenge for you that might sound a little wild if you're always on the move – but trust me, it's worth it! I challenge you to take a 30-minute walk, no gadgets, no companions, just you and Mother Nature, three times this week. Yep, you heard me right – ditch the phone, leave your worries behind, and hit the great outdoors solo. So why am I asking you to do this? Well, it's about reconnecting with nature, soaking in the sights and sounds of the world around us. We often forget as busy parents that we need that time for ourselves, to breathe deeply and just be. And trust me, once you're out there, phone-free and unencumbered, you'll feel a sense of liberation like never before. So, lace up those sneakers, step outside, and let's embrace the power of nature together!
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Get ready to fast-track your real estate success with our proven roadmap to doubling your portfolio in just 365 days! In today's episode, I'm pulling back the curtain on our exclusive community and sharing the insider secrets that have propelled hundreds of members to financial freedom. Since our inception in 2018, we've seen countless success stories emerge from our program, and now, it's time to uncover the winning formula. Join me as I dissect our three-stage roadmap, designed to turbocharge your growth and maximize your real estate potential. So, if you're ready to take your portfolio to new heights and unlock the door to financial freedom, this episode is a must-listen! Let's double those portfolios and make your real estate dreams a reality.
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Get ready to debunk the top excuse in the rental game – 'It's my bank's fault!' In today's episode, I'm spilling the beans on a foolproof strategy for collecting rent on time, every time. You see, when tenants start blaming their banks for late payments, it's easy to get caught in a cycle of excuses. But fear not, because I've got a game-changing concept that'll put an end to those excuses once and for all! Trust me, it's a game-changer! Tune in to learn how to squash excuses and maximize your rental income. Let's turn late payments into a thing of the past!
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Today, I'm dishing out some management wisdom that's served me well – both in my corporate days and in the world of real estate. Get ready to dive into the fascinating world of off-market mailers and the power of spotting patterns! We've closed two properties in the last two years from our off-market campaigns, and while some might see that as just a stroke of luck, I see a pattern emerging. As the saying goes, 'once is an anomaly, two is a pattern, and three is a trend.' So, if you're ready to take your real estate game to the next level and spot those hidden opportunities, this episode is a must-listen! Let's turn anomalies into trends and trends into triumphs.
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Welcome back, folks! Today, we're diving deep into the age-old question: why is it so hard to ask for help? Join me on a journey of self-reflection as I explore this universal struggle through the lens of my own experiences. It's a journey of self-discovery as I navigate the fine line between independence and vulnerability. So, whether it's seeking advice from a loved one or reaching out to a friend in need, let's challenge ourselves to embrace vulnerability and open the door to genuine connection. And hey, ladies, when your guy finally swallows his pride and asks for your help, don't forget to give him a big 'thank you' – after all, it's not easy being vulnerable!
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Hey there, health enthusiasts! Get ready to turn up the heat – or should I say, turn it down? In today's episode, we're diving into the invigorating world of cold showers! That's right, I'm challenging you to take the plunge and embrace the icy waters for three cold showers this week. But fear not, I've got all the tips and tricks you need to make it through unscathed. From boosted energy levels to a bulletproof immune system, cold showers have the power to transform your health in ways you never imagined. So grab your towel and prepare to shiver your way to better health! It's time to embrace the cold and unlock a whole new level of vitality. Are you up for the challenge? Let's make a splash
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Get ready for a hilarious and slightly absurd episode, folks! 🍴 Today, we're tackling a completely random thought that's been on my mind lately: the curious case of the fork! I mean, let's be real – compared to the mighty spoon, is the fork really pulling its weight in the utensil drawer? So grab your favorite utensil (spoiler: it's probably a spoon) and get ready for a lighthearted journey into the quirky world of kitchen philosophies. Let's fork it up!
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Get ready for a crash course in insurance wisdom, folks! In today's episode, we're diving deep into the wild world of landlord insurance and uncovering the secrets to finding the right coverage for your rental properties. Let's face it, insurance can feel like a necessary evil – but fear not, because I've done the legwork for you! After countless conversations with attorneys and navigating the murky waters of insurance carriers, I've struck gold with Steadily insurance. These guys are the real deal, exclusively dedicated to landlords like us. But beware, not all insurance companies are created equal! I'm spilling the tea on the ones you should steer clear of. Trust me, when it comes to protecting your investments, it pays to do your homework. So grab your notepad and buckle up for some invaluable advice from the trenches of landlordship. Your rental properties will thank you!
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Get ready for some truth bombs and a side of sass in today's episode! 🎙️ We're diving deep into the world of questionable advice from none other than the gurus themselves. Buckle up, because we're calling out the likes of Grant Cardone and his infamous 400k rule – seriously, who does he think he's fooling? And don't even get me started on the real estate 'gurus' preaching the 'buy 10 rental properties before 30' mantra. 🙄 As if we all have a magic money tree in our backyard, right? So grab your popcorn and get ready for some eye-opening insights and a few laughs along the way.
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Get ready for another enlightening episode as we delve deeper into health and legacy this April! Here at W2 Community, we're all about leaving a lasting impact, and that includes taking care of ourselves for the long haul. Today, I'm sharing a personal story that hits close to home and serves as a powerful reminder of the importance of staying healthy. I want to be healthy not just for myself, but for my loved ones too. Join me as I navigate this journey of self-discovery and share insights on how to prioritize your health and extend the value of your life. It's a conversation that might just change the way you approach your own well-being. Tune in for laughs, tears, and a healthy dose of inspiration!
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Hey, health warriors! Ready to revolutionize your hydration game? Today's episode is all about unlocking the secret to effortlessly drinking a gallon of water every day. Trust me, it's not as daunting as it sounds! Join me as I share my own journey from soda addict to water warrior, and learn how you can make the switch too. From marking your water jug to setting a hydration schedule, we've got all the tricks to keep you on track. Plus, discover the secret to kicking off your day right. Remember, it's all about progress over perfection! Tune in for laughs, insights, and a splash of motivation to keep you hydrated and healthy.
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In today's episode, we're diving deep into the power of community and the incredible opportunities it can create. Get ready for an inspiring success story straight from our own community members, Mike and Eric! Tune in as we unpack how a simple coffee chat between Eric, a dedicated podcast listener, and Mike, a seasoned investor, led to a game-changing deal. With Eric's keen eye for due diligence, he uncovers a hidden gem – the potential to turn his purchase into a goldmine! It's a jaw-dropping reminder that when you're part of a community where real estate dreams are shared and discussed, the possibilities are endless. So, if you're still sitting on the sidelines, it's time to jump in and seize the opportunity! Trust me, you won't want to miss this incredible story of community collaboration and success.
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Today, we're diving into the bizarre world of self-managing rental properties. From a tenant months behind on rent, a county with strange eviction processes, to a power company dropping bombshells. But here's where it gets bizarre – the county's eviction process involves kicking down doors without warning! With a savvy attorney by your side, anything is possible. You won't believe how this story unfolds!Moral of the story? Having a savvy attorney in your corner can make all the difference. Tune in for a riveting account and some sage advice on managing the unpredictable world of rental properties.
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Get ready to dive into the shady world of money-raising tactics in today's episode – and trust me, you won't believe what I've uncovered! Yep, you heard that right! We're talking about inflating rehab costs to pocket some extra cash under the table. But here's the kicker – is this shady behavior just a 'business tactic' or downright unethical? Tune in as we dissect this shady practice and and a reminder to always keep it honest in the world of investing. Trust me, you won't want to miss this eye-opening discussion!
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Get ready for some relationship wisdom in today's episode! We're diving into the intriguing world of spousal alignment when it comes to money matters. Sure, I'm not a marriage counselor, but, did we have an expert drop some serious knowledge bombs inside our community! The key takeaway? Your early experiences with money shape your relationship with it, and often, we end up marrying someone on the opposite end of the financial spectrum. Sound familiar? From spender-saver dynamics to parent-child roles, it's all about understanding where you both stand. From exploring early money influences to navigating conflicts and budgeting, these conversations are key to building a rock-solid financial foundation together. So grab your partner, grab a seat, and get ready to level up your money game! Trust me, this conversation is a game-changer! Tune in for tips, laughs, and a healthier relationship with money.
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Welcome to April, where we're putting health in the spotlight! In this episode, I'm sharing a personal journey that turned my health around and might just inspire you to do the same. At 40, a scary incident with a chicken sandwich led to a shocking diagnosis and a battle with acid reflux. But then, a simple food sensitivity test from Everlywell revealed gluten and soy sensitivities, leading to a 6-month diet overhaul. The results? Acid reflux vanished, Barrett esophagus prognosis gone, migraines and asthma disappeared, and even childhood eczema vanished! As we focus on health this April, I challenge you to take the leap and get tested. It may just change your life! Tune in for tips, laughs, and a reminder to prioritize your health journey. Let's make April the month of transformation!
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Welcome, listeners, to a journey of finding your tribe in the world of real estate investing and beyond! Today, we're talking about finding your tribe and how it can turbocharge your real estate investing journey. Life's a grand adventure, and having the right crew by your side can make all the difference. Whether you're hustling in investments, health, or family, having a supportive community is key. Our members share their heartfelt testimonials, like Mandy who found her place and committed to growing her 'growth friend.' Her story of finding energy, motivation, and genuine smiles in our community is truly inspiring. It got me thinking: Do your communities leave you feeling the same? If not, it's time to find your tribe. Tune in for an episode that'll warm your heart and inspire you to find your own supportive community!
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Welcome to a jaw-dropping episode, folks! Today, we're diving into the wild world of self-management in real estate and boy, do I have a story for you! 🏡 After discovering our property manager's shady dealings, we took matters into our own hands and decided to self-manage.But that's just the beginning of this wild tale! From the art of training tenants to pay on time and dodge excuses to dodging red flags like a pro, we're spilling all the beans. Hold onto your hats, because I've got a cautionary tale that'll knock your socks off! 🧦 Beware the red flags of self-management, like the student whose mom fills out the application only for the kid to bail last minute. Trust me, you'll want to hear this cautionary tale before you dive into the self-management game!
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Get ready to debunk the myth of 'lack of capital' in today's episode, folks! Join me as we unravel the real culprit behind this common excuse: lack of confidence. Join me as I recount a game-changing conversation with Isaac during our consulting sessions. He cited 'lack of capital' as his roadblock, but after a deep dive into the Growth Friends exercise, we unearthed a deeper issue: lack of confidence disguised as a capital problem. . Learn the art of conversation, building confidence, and attracting partners. Remember, confidence is the key, and action is your ally. Get ready to conquer your investing fears, one conversation at a time!
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Welcome to a game-changing episode, folks! Today, we're diving into the juicy realm of spousal alignment in real estate investing – because let's face it, financial conflicts can make or break a marriage. Join me as we explore the three buckets of spousal alignment and figure out which one you and your partner fit into. From the dynamic duo in Bucket A to the skeptics in Bucket C, and the supportive but hands-off in Bucket B, there's a lot to discover about where you stand. Which bucket do you think you and your partner fall into?
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Ready to level up your investor game? Discover the power of intentional conversations in this episode. Tune in as we dive into the Growth Friends Exercise! Join me as I share insights, tackling the common hurdles of deal flow and capital shortage. Identify your Growth Friends vs. Maintenance Relationships, and watch your network shift!
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I'm curious...have you ever thought about how your life could be dramatically different ( relationships, financially, your health, dealing with less stress & anxiety, maybe you’re business, think about your business or a moment ), have you ever thought how things could be dramatically different? How could your life look right now, 6 months from now, or a year from now if the majority of the conversations you were having are around building a better future for you and your family with people who are in constant pursuit to improve their relationships, improve their financial well being and improve their health? Well until you start having those types of conversations you really can’t imagine the unimaginable. I couldn’t. I didn’t know what I didn’t know, because I was constantly trying to do it on my own. I couldn’t dream of a future I didn’t know could exist. Imagine if the 3 people you spent the most time with were moving in the same direction as you, possibly even a little bit further down the road than you on some aspects so you could learn about their experiences. And in some aspects, you’ve more experienced and they can rely on you.
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Here’s my question to you as a listener what’s the worst job you’ve ever had? we’ve all had them right and as we’re kicking off season 4 I’m typically going to give you my cell phone at the end of every episode, but kicking off season 4 I’m giving it to you here in the intro because I want you to text me. As you’re answering that question, what’s the worst job you ever had, if your answer is very simple, it's the job you currently have, I want you to text me: (cell # revealed in the episode). I would say you could call me but I’m not gonna answer if you’re not in my phonebook so just text me because we need to get you in a better spot and I feel like I can help you I’ve been there and I really want to help you out. In fact, my worst job EVER was what led me to my first investment property. So text me, tell me your worst job ever, and then we’ll find a time to get on a call to see if I can help you out. This is episode #164 of the W2 Capitalists podcast.
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If you’re a fan of Myrtle Beach, the University of Alabama, a resident of Mobile Alabama, or you live in Mississippi, youre probably going to get offended by this episode but if you can move past that, we talk about how to find a lender in this market, the idea that when most people are telling you that you’re crazy chances are you’re headed in the right direction, and I think this is the episode that Jeff realizes that yet that we are actually recording a podcast. If you want to text or call to discuss anything we cover in these episodes, stick around to the end and I’ll give you my cell #. This is episode # 165 of the W2 Capitalist podcast.
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It was at this episode that I realize that all four of us Brody, Jeff, Jamie, and myself have cut our ties with the W2 and spread our wings to fly as entrepreneurs. This episode is an extension of an off-air conversation that Brody and Jeff had about the transition that one goes through from being a W2 earner to a full-time solopreneur and we start to dive deep about spousal support, and something no one really talks about on the subject of financial freedom or financial independence and that is the emotional highs and lows that ones go through when you make that transition and that W-2 paycheck is now gone. Also, this is the first time I’ve heard Jeff’s story about how he and his wife decided to go all in, just super impressive to hear and as I’m hearing Jeff tell their story, it really challenged me to think if I would have the guts and will power to take that kind of leap. So I want you to ask yourself this question as you’re listening to this episode, and text me and let me know: would you survive on Alone Island or will you be eliminated from Snowflake Mountain? This is episode #166 of the W2 Capitalist podcast.
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To W2 or not W2, that is the question AND once you leave the W2, what would tempt you to go back? Is it unlimited vacation days? If your company isn’t offering you unlimited vacation days, why are you still there? I want to know, once you have the freedom, once you’re living life on your own terms, would you ever go back? We talk about that, and circle around the topic of trending investing strategies, like glamping, luxurious tree houses, and RV parks…are they here to stay. Also, Brody lets us know his definition of what an alcoholic's wet dream looks like and amazingly he ties that into what we’re talking about. If you want to chat about anything we’ve discussed here today, I’m giving you my cell # at the end, so be sure to stick around. This is episode #167 of the W2 Capitalist Podcast.
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We talk about a deal Brody has under contract Be sure to tune in later this season to find out what happens with this deal but we give Jeff a hard time, just because we can. We talk about blunders, the times we’ve failed. Guys, it happens. Most podcasts will tell you all the sunshine and rainbows that happens with investing but not here. In this episode, we’ll discuss a few times we’ve “learned”. And we wrap it up by comparing how much time we’ve spent single parenting. If you want to chat about anything we’ve discussed here today, I’m giving you my cell # at the end, so be sure to stick around. This is episode #168 of the W2 Capitalist Podcast.
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Will Botox help you close more deals as an investor? Jeff and I start off this episode as we wait for the rest of the guys. We learn how/why he was arrested in Myrtle Beach and he picks my brain again about full-time traveling/nomadic living. When Brody jumps on we discuss how the outward appearance, maybe even botox treatments can help you close more deals and the proper use for elephant butt hair. If you want to chat about anything we’ve discussed here today, I’m giving you my cell # at the end, so be sure to stick around. This is episode #169 of the W2 Capitalist Podcast.
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In this episode I realize that we are all in the Airbnb space, so we talk about our BnB portfolios, the advantages of looking at a property from the eyes of a potential guest, AND then we drift into developing and being familiar with easements, planning & zoning. Jamie has reason to remind us why we should always trust but verify with contractors. If you want to chat about anything we’ve discussed here today, I’m giving you my cell # at the end, so be sure to stick around. This is episode #170 of the W2 Capitalist Podcast.
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Stop talking real estate. Brody grounds us, brings us back to reality and we learn that Jamie had aspirations to become a doctor which leads us to a conversation about college or no college. And what’s up with bookings for August or September? If you want to chat about anything we’ve discussed here today, I’m giving you my cell # at the end, so be sure to stick around. This is episode #171 of the W2 Capitalist Podcast.
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What do you do when a guest reports a rat in your BnB? In this episode, we talk about the scary topic of politics, the emotional roller coaster of transitioning from W2 to entrepreneurship, predatory lending, how my kids are adjusting to nomadic life, and being selective about who we spend our time with. “If $10k will dramatically improve a recent college graduate's life, we’ve got bigger problems” - Jeff Menefee. If you want to chat about anything we’ve discussed here today, I’m giving you my cell # at the end, so be sure to stick around. This is episode #172 of the W2 Capitalist Podcast
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Soon-to-be or most recently crested parents/dads, this episode is for you. That’s right we swap birthing stories and just reiterate just how our wives and women, in general, are awesome. If you want to chat about anything we’ve discussed here today, I’m giving you my cell # at the end, so be sure to stick around. This is episode #173 of the W2 Capitalist Podcast.
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Time for a Morning Glory…the arcade hacks to the morning glory; this episode had me in tears; if you don’t know why we jokingly call this season BRO TIME, this episode will set it in stone for you. And for you dads who have kids a little older, Jeff has figured out how to hack an arcade for maximizing your wins. If you want to chat about anything we’ve discussed here today, I’m giving you my cell # at the end, so be sure to stick around. This is episode #174 of the W2 Capitalist Podcast.
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- Products We Use
- Join the W2 Capitalist Peer Community
- Amazon Best Seller: Make An Offer (also on Audible)
Connect with Jay:
- W2 Capitalist Community
- YouTube
I have a question…if your spouse is in the room, whether they support your investing efforts are not, does having your spouse in the room while you’re on a real estate investing phone call, does having your spouse in the room make you nervous? If so, I’m here to tell you that’s normal. My wife has always supported our investing efforts, in fact, been the push I needed to make a move but at times, especially early in our investing career, it would make me super nervous Jeff gives us an example of how his very supportive wife makes him nervous. If you want to chat about anything we’ve discussed here today, I’m giving you my cell # at the end, so be sure to stick around. This is episode #175 of the W2 Capitalist Podcast.
Links Mentioned in this Episode:
- Products We Use
- Join the W2 Capitalist Peer Community
- Amazon Best Seller: Make An Offer (also on Audible)
Connect with Jay:
- W2 Capitalist Community
- YouTube
We’ve all run into water issues and if you’re a landlord and you haven’t run into water issues yet, you will. Water issues are extremely more common than lawsuits in the real estate industry. Water, can’t live without it and we could live without it destroying our units. If you want to chat about anything we’ve discussed here today, I’m giving you my cell # at the end, so be sure to stick around. This is episode #176 of the W2 Capitalist Podcast.
Links Mentioned in this Episode:
- Products We Use
- Join the W2 Capitalist Peer Community
- Amazon Best Seller: Make An Offer (also on Audible)
Connect with Jay:
- W2 Capitalist Community
- YouTube
Living as a nomad for the last 17-18 months I’ve come to appreciate the phrase Home is where the heart is a lot more. This episode is more of Jeff quizzing me on our nomadic travels, how the kids are responding, and the adjustment period. If you want to chat about anything we’ve discussed here today, I’m giving you my cell # at the end, so be sure to stick around. This is episode #177 of the W2 Capitalist Podcast.
Links Mentioned in this Episode:
- Products We Use
- Join the W2 Capitalist Peer Community
- Amazon Best Seller: Make An Offer (also on Audible)
Connect with Jay:
- W2 Capitalist Community
- YouTube
These #s are numbering as Brody says as we dive into this epiphany today that he’s actually running a real business, which leads to dealing with imposter syndrome, moving up to the next level, feeling like you deserve the fruits of your labor, what does a successful wholesale business look like, wholesaler hustling, and an introduction to Gattaca and we drift off to a little bit of movie talk. If you want to chat about anything we’ve discussed here today, I’m giving you my cell # at the end, so be sure to stick around. This is episode #178 of the W2 Capitalist Podcast
Links Mentioned in this Episode:
- Products We Use
- Join the W2 Capitalist Peer Community
- Amazon Best Seller: Make An Offer (also on Audible)
Connect with Jay:
- W2 Capitalist Community
- YouTube
If we compare class seniority some say, and I agree that wholesalers are Freshmen, Flippers are Sophomores, Buy & Hold single and small MF are Juniors, Commercial / MF are Seniors and developers are postgraduate. Embracing the suck to do the job that will pay for your RE education and then somehow we drift into the BP oil spill, vertical integrating a cleaning business into your Airbnb hosting business. If you want to chat about anything we’ve discussed here today, I’m giving you my cell # at the end, so be sure to stick around. This is episode #179 of the W2 Capitalist Podcast.
Links Mentioned in this Episode:
- Products We Use
- Join the W2 Capitalist Peer Community
- Amazon Best Seller: Make An Offer (also on Audible)
Connect with Jay:
- W2 Capitalist Community
- YouTube
In this episode, we talk about a video, which has sourced into a few videos now that suggest Grant Cardone is not only going to prison but that everyone in his organization is an informant to the FBI. If you’re watching this on youtube, I’ll make a link to the video or channel that produced the video that sparked our conversation today. If you want to chat about anything we’ve discussed here today, I’m giving you my cell # at the end, so be sure to stick around. This is episode #180 of the W2 Capitalist Podcast.
Links Mentioned in this Episode:
- Products We Use
- Join the W2 Capitalist Peer Community
- Amazon Best Seller: Make An Offer (also on Audible)
Connect with Jay:
- W2 Capitalist Community
- YouTube
I’m not saying I believe them all but when it comes to the government do you really think they are just out there doing the best they can in the best interest of their constituents? C’MON MAN. I’m pretty sure by now the guys feel as if I’m a huge conspiracy theorist and while I am, I don’t go as far as being a flat-earther, I just hate the overreach of the government. If you want to chat about anything we’ve discussed here today, I’m giving you my cell # at the end, so be sure to stick around. This is episode #181 of the W2 Capitalist Podcast.
Links Mentioned in this Episode:
- Products We Use
- Join the W2 Capitalist Peer Community
- Amazon Best Seller: Make An Offer (also on Audible)
Connect with Jay:
- W2 Capitalist Community
- YouTube
Claims adjusters are illegal in AL, say what?? Yes, they are, and through this experience, I tell you who my attorney has told me to never use for landlord insurance in the state of AL. That is Lloyds of London, Allstate, and State farm. If you want to chat about anything we’ve discussed here today, I’m giving you my cell # at the end, so be sure to stick around. This is episode #182 of the W2 Capitalist Podcast.
Links Mentioned in this Episode:
- Products We Use
- Join the W2 Capitalist Peer Community
- Amazon Best Seller: Make An Offer (also on Audible)
Connect with Jay:
- W2 Capitalist Community
- YouTube
Our insurance debacles from the last episode lead to a discussion about our wives' jewelry, negotiating with jewelers, ways to get free drinks @ the bar, when to ask for a blessing and whatnot to ask your future father-in-law, and oh yea...is that a service dog? ok, just checking because of our no-pet policy. If you want to chat about anything we’ve discussed here today, I’m giving you my cell # at the end, so be sure to stick around. This is episode #183 of the W2 Capitalist Podcast.
Links Mentioned in this Episode:
- Products We Use
- Join the W2 Capitalist Peer Community
- Amazon Best Seller: Make An Offer (also on Audible)
Connect with Jay:
- W2 Capitalist Community
- YouTube
Entrepreneur brain, at least that’s what I call it is my alarm clock. Sometimes it wakes me up at 2 a.m., 3.a.m, or 5 a.m. but what I’ve learned is to never go back to sleep. Also, orphaned dates, automating AirBnB messaging, and program an August (with a cameo appearance from Mrs. Oaks). If you want to chat about anything we’ve discussed here today, I’m giving you my cell # at the end, so be sure to stick around. This is episode #184 of the W2 Capitalist Podcast.
Links Mentioned in this Episode:
- Products We Use
- Join the W2 Capitalist Peer Community
- Amazon Best Seller: Make An Offer (also on Audible)
Connect with Jay:
- W2 Capitalist Community
- YouTube
In this episode we explore an opportunity Brody has, talk about negotiating tactics with the “Investor Committee”, aka the wife; using an LLC to help protect identity; an update on cashing my insurance claim check; creative financing “in the real world”; and I found $5k today! If you want to chat about anything we’ve discussed here today, I’m giving you my cell # at the end, so be sure to stick around. This is episode #185 of the W2 Capitalist Podcast.
Links Mentioned in this Episode:
- Products We Use
- Join the W2 Capitalist Peer Community
- Amazon Best Seller: Make An Offer (also on Audible)
Connect with Jay:
- W2 Capitalist Community
- YouTube
I know what Hell on earth is going to be like and that's if I ever meet the guy I could have become, but what is heaven like? Well, Jeff takes us deeply with what his definition of Heaven is; and you don’t always own the land underneath your house; If you want to chat about anything we’ve discussed here today, I’m giving you my cell # at the end, so be sure to stick around. This is episode #185 of the W2 Capitalist Podcast.
Links Mentioned in this Episode:
- Products We Use
- Join the W2 Capitalist Peer Community
- Amazon Best Seller: Make An Offer (also on Audible)
Connect with Jay:
- W2 Capitalist Community
- YouTube
Jamie brought this up in the last episode, issues that come up with your spouse over investing activities; martial advice, or parenting advice for newlyweds, specifically future dads; If you want to chat about anything we’ve discussed here today, I’m giving you my cell # at the end, so be sure to stick around. This is episode #187 of the W2 Capitalist Podcast.
Links Mentioned in this Episode:
- Products We Use
- Join the W2 Capitalist Peer Community
- Amazon Best Seller: Make An Offer (also on Audible)
Connect with Jay:
- W2 Capitalist Community
- YouTube
Making the transition from a W2 employee to entrepreneurship and finding the time to rest, making your mind and body rest; and is Jeff going to take at a stab at being a GC. If you want to chat about anything we’ve discussed here today, I’m giving you my cell # at the end, so be sure to stick around. This is episode #188 of the W2 Capitalist Podcast.
Links Mentioned in this Episode:
- Products We Use
- Join the W2 Capitalist Peer Community
- Amazon Best Seller: Make An Offer (also on Audible)
Connect with Jay:
- W2 Capitalist Community
- YouTube
2-minutes of sound bites to give you an inside peek at what's in store on Season 4 of the W2 Capitalist podcast.
In season 4 we've dropped the interview style and instead giving you a look and listen to what it's like inside the W2 Capitalist virtual mastermind. Introducing 3-members of our community and co-hosts for Season 4: Jamie, Jeff, & Brody.
We're four guys, hanging around forgetting the record button is on, talking about life, our wives, parenting, giving each other shit, discussing topics like what it’s like to leave the W2 world, and of course, real estate investing (including the blunders, wipeouts, and successes).
All 24 episodes in Season 4 are being released on Wednesday, November 2, 2022.
Our first stop on our Nomad Trip takes me to my hometown. I have this epiphany and find the data that proves my hometown is dying.
EPISODE SPONSOR:
- Bank on Yourself - Become Your Own Source of Financing
CONNECT WITH JAY:
- jay@w2capitalist.com
- w2capitalist.com
KEY TAKEAWAYS:
- Research & Tools to validate a market's growth potential
EPISODE AFFILIATES:
- DealCheck - Best REI Calculator on the Planet
- PropStream - Big Data for Market Research
LINKS MENTIONED IN THIS EPISODE:
- W2 Capitalist Gear
- W2 Capitalist Community
Cassie Helms is my better half and voice of reason when it comes to REI. The brains behind the scenes who has been pushing me to convert our primary residence to an AirBnB/Furnished Rental and travel (since I was laid off and no longer have an office)!
Wheels up, we're taking off!
EPISODE SPONSOR:
- Bank on Yourself - Become Your Own Source of Financing
KEY TAKEAWAYS:
EPISODE AFFILIATES:
- DealCheck - Best REI Calculator on the Planet
- PropStream - Big Data for Market Research
LINKS MENTIONED IN THIS EPISODE:
- Discover Your Why: https://www.w2capitalist.com/DiscoveryYourWhy
- W2 Capitalist Gear
- W2 Capitalist Community
Matt Foreis a Triathlete, Investor and Regional Sales Director at one of the 10 IT firms in the world. Matt is highly motivated, results-driven sales leader with 12+ years of technology sales at a Fortune 50 company. Strategic and analytical thinker with a proven track record of exceeding revenue and margin goals.
EPISODE SPONSOR:
- Bank on Yourself - Become Your Own Source of Financing
CONNECT WITH MATT:
- LinkedIn: https://www.linkedin.com/in/forematt/
- Ice Cream with Investors: https://icecreamwithinvestors.com/
KEY TAKEAWAYS:
- Being an IRONMAN
- Consistency to Success
- Mental Practice: underwrite 100 opportunities
- Kobe Score
- Clarity, Consistency, Compounding
- Pick off one bill at a Time
- Find Your Physical, Emotional, Spiritual and Financial Boundaries
EPISODE AFFILIATES:
- DealCheck - Best REI Calculator on the Planet
- PropStream - Big Data for Market Research
LINKS MENTIONED IN THIS EPISODE:
- Discover Your Why: https://www.w2capitalist.com/DiscoveryYourWhy
- W2 Capitalist Gear
- W2 Capitalist Community
Happy Father's Day - Here's your sign to tackle whatever you're afraid to tackle or something you've been procrastinating on.
CONNECT WITH JAY:
- jay@w2capitalist.com
- w2capitalist.com
EPISODE SPONSOR:
- Bank on Yourself - Become Your Own Source of Financing
EPISODE AFFILIATES:
- DealCheck - Best REI Calculator on the Planet
- PropStream - Big Data for Market Research
LINKS MENTIONED IN THIS EPISODE:
- Discover Your Why: https://www.w2capitalist.com/DiscoveryYourWhy
- W2 Capitalist Gear
- W2 Capitalist Community
Mark Willis is a man on a mission to help you think differently about your money, your economy, and your future. After graduating with six figures of student loan debt and discovering a way to turn his debt into real wealth as he watched everybody lose their retirement savings and home equity in 2008, he knew that he needed to find a more predictable way to meet his financial objectives and those of his clients.
A repeat guest on the podcast, today Mark and I dive into the weeds a little more on why the Bank on Yourself concept is superior to the Infinite Banking Concept, Universal Life and he starts labeling and providing examples of BIG MISTAKES people make when setting up a Bank on Yourself life insurance policy.
If you haven't listened to or watched the Bank on Yourself 101 episode, #113, please go back and do that before listening to this one. Episode #113 will serve as a foundation for you before you dive deeper with us on today's topic. You can find episode #113 at w2capitalist.com/bank .
**EPISODE SPONSOR:**
- Bank on Yourself - Become Your Own Source of Financing
CONNECT WITH MARK:
- w2capitalist.com/bank
- http://nyafinancialpodcast.com
KEY TAKEAWAYS:
- Mistake #1: "Do it for me."
- Mistake #2: " I'll do it myself."
- Mistake #3: "Oh yea. I can do that."
- Variable is not whole life.
- Uninterrupted Cash Growth
EPISODE AFFILIATES:
- DealCheck - Best REI Calculator on the Planet
- PropStream - Big Data for Market Research
LINKS MENTIONED IN THIS EPISODE:
- W2 Capitalist Gear
- W2 Capitalist Community
Brian C. Adams is the President and Founder of Excelsior Capital, where he spearheads the investor relations and capital markets arms of the firm. He has 10 years of experience in real estate private equity and has advanced knowledge in best practices for strategic real estate investing. Prior to forming Excelsior Capital, Brian co-founded Priam Properties (an institutional real estate private equity sponsor) in 2010 and provided leadership and direction for the firm in connection with capital markets, investment management and investor relations.
EPISODE SPONSOR:
- Bank on Yourself - Become Your Own Source of Financing
CONNECT WITH BRIAN:
- LinkedIn: https://www.linkedin.com/in/brian-c-adams/
- Excelsior Capital: https://www.excelsiorgp.com/
KEY TAKEAWAYS:
- Thoughts of a Recovering Attorney
- Seek Out Guidance & Listen to Industry Veterans
- Everything is Always for Sale
- Not Enough Supply
- Anyone Can Raise Money
- Less Ego, More Empathy
EPISODE AFFILIATES:
- DealCheck - Best REI Calculator on the Planet
- PropStream - Big Data for Market Research
LINKS MENTIONED IN THIS EPISODE:
- Join My Book Launch Team: w2capitalist.com/joinmyteam
- W2 Capitalist Community
Gabe Petersen is the founder of Great Northwest Home Buyers, a principal at Equal Housing Group, and most importantly, the host of The Real Estate Investing Club.
Gabe started out his career completely oblivious to real estate as a path. He got started as a management consultant for Fortune 500 companies and worked the cubicle life for over 7 years.
After 7 years of working for "the man", he stumbled into real estate after buying a broken-down triplex in Tacoma, WA. As they say, the rest is history.
Since that first triplex, Gabe went on to start Great Northwest Home Buyers, a single-family and multifamily real estate investment company focused on rehabs and rentals in the greater Washington area. They now buy and wholesale single and multifamily properties across the USA. He then went on to create a partnership in Equal Housing Group (www.sellmymobilehomeparks.com), focusing on buying mobile home and RV parks all across the US.
EPISODE SPONSOR:
- Bank on Yourself - Become Your Own Source of Financing
CONNECT WITH GABE:
- TheRealEstateInvestingClub.com
KEY TAKEAWAYS:
-
HatedIt
- Try, Try, Try and Try Again
- Just Started
- Leaving the W2
- 1st Flip
- Emotional Support System
EPISODE AFFILIATES:
- DealCheck - Best REI Calculator on the Planet
- PropStream - Big Data for Market Research
LINKS MENTIONED IN THIS EPISODE:
- W2 Capitalist Gear
- W2 Capitalist Community
Derek Tellieris a full-time real estate entrepreneur but he didn't start out that way. In 2016 at 42 Derek decided it was time for some major changes. He was 50lbs overweight out of shape, working a W2 job, and had no plan for the future. Through surrounding himself with the right people to shift his mindset and hold him accountable, by Nov. 2020 Derek retired from his 20-year career and is a full-time agent with The Short Term Shop. He now has 7 investment properties, 3 LTR and 4 STR, one of which he house hacks and is financially free.
EPISODE SPONSOR:
- Bank on Yourself - Become Your Own Source of Financing
CONNECT WITH DEREK:
- Facebook | Instagram
- East Tennessee REI Meetup
KEY TAKEAWAYS:
- Mid-life Crisis
- Should have had a Rich Dad Poor Dad
- Finding Your Average
- Accountability
EPISODE AFFILIATES:
- DealCheck - Best REI Calculator on the Planet
- PropStream - Big Data for Market Research
LINKS MENTIONED IN THIS EPISODE:
- W2 Capitalist Gear
- W2 Capitalist Community
Robert Syfertis the Co-Founder and Chief Visionary at RealEstateInvestor.com as well as the founder of InvestorPO, Property List Manager, and USA Portfolio Real Estate. Robert is an innovator in the real estate investment industry who creates software, tools, and services that enable investors to do things better and faster. He's passionate about being part of the solution and finding answers to the problems that hold real estate investors back from growing and scaling their businesses.
EPISODE SPONSOR: BANK ON YOURSELF
- w2capitalist.com/bank
CONNECT WITH ROBERT:
- realestateinvestor.com
- robert@realestateinvestor.com
KEY TAKEAWAYS:
- Finding Inspiration
- Dress to Impress
- Turning Assets into Liabilities
- Kill Your Ego Daily
- All Leads Suck
- Fortune in the Follow Up
- Off The Wall
EPISODE AFFILIATES:
- DealCheck - Best REI Calculator on the Planet
- PropStream - Big Data for Market Research
LINKS MENTIONED IN THIS EPISODE:
- W2 Capitalist Gear
- W2 Capitalist Community
Dr. Jeff Anzalone is a full-time practicing periodontist in the great state of Louisiana, author, and founder of DebtFreeDr.com.
His focus is on helping doctors and other high-income professionals create passive income from real estate so that they can STOP trading their time for money.
EPISODE SPONSOR:
- Bank on Yourself - Become Your Own Source of Financing
CONNECT WITH DR. JEFF:
- jeff@debtfreedr.com
- DebtFreeDr.com/freeguide
KEY TAKEAWAYS:
- Loan application Process prior to 2008
- Survival Mode & Mindset
- Multiple Streams of Income
- Setting Goals
- Losing $50k and Regrouping
EPISODE AFFILIATES:
- DealCheck - Best REI Calculator on the Planet
- PropStream - Big Data for Market Research
LINKS MENTIONED IN THIS EPISODE:
- W2 Capitalist Gear
- W2 Capitalist Community
Jimmy Johnson is the founder of Sanddollar Communities, which focuses on the sourcing of off-market, direct to seller, mobile home parks. He has closed 28 mobile home parks in 12 different states. Jimmy also has founded Sanddollar Communities Management, a mobile home park management firm that manages a growing portfolio of over 1,200 sites across the country. Jimmy lives in Tampa, Florida, and is an avid boater & fisherman. EPISODE SPONSOR: BANK ON YOURSELF
- w2capitalist.com/bank
CONNECT WITH JIMMY:
- jimmy@jimmyjohnson.co
KEY TAKEAWAYS:
- Side Gig in College
- 3 Reasons to Transition from MF to MHP
- Write this down: How to Keep the Quality of a Community
- 1st Deal = No Money
- Mindset Shift with Time Freedom
- Are You Behind the Counter @ a Bait Shop?
- OFF THE WALL
Episode Affiliate:
- https://w2capitalist.com/dealcheck
Links mentioned in this episode:
- w2capitalist.com/shop/
- w2capitalist.com/community
After serving almost six years in the Army, Darren has spent the last eighteen years as a professional real estate investor. He has flipped, rented, and wholesaled hundreds of residential properties, and in recent years has purchased several million dollars worth of light industrial properties as long-term holds. Darren’s greatest achievement has been to surround himself with an incredible team of industry and military veterans who are every bit as passionate about helping people as he is. His biggest supporters are his wife Lauren and his son Henry.
EPISODE SPONSOR:
- Bank on Yourself - Become Your Own Source of Financing
CONNECT WITH DARREN:
- 719-325-8853
- darren@sellmyhousetosmith.com
KEY TAKEAWAYS:
- What is "Light" Industrial Space?
- Pivoting from the saturated MF Market to Light Industrial
- Special Ways to Ensure Private Money Lenders are protected
- Team Pride: Shoutout to Kelly, Caleb & Jeremy
- The Message Darron Would Most like to be known for is...
- Pivotal Career Moments
- OFF THE WALL
EPISODE AFFILIATES:
- DealCheck - Best REI Calculator on the Planet
- PropStream - Big Data for Market Research
LINKS MENTIONED IN THIS EPISODE:
- W2 Capitalist Gear
- W2 Capitalist Community
Nate and Bethany Smith, AKA Your CashFlow Couple, are passionate about helping people increase their financial intelligence by bringing the secrets of the wealthy to the masses and putting their clients back in the driver seat of their finances. They are financial services entrepreneurs and multi-family real estate investors. Their mission is to inspire others, especially couples, to reach for their dream and to help entrepreneurs start and scale their own financial services businesses and create generational wealth through entrepreneurship and investing in multi-family real estate. Nate’s background includes 13 years in the Air Force and currently serves part-time in the Air National Guard as a pilot. Bethany has a background in residential real estate sales where she developed a strong interest in and passion for Multi-Family real estate. She transitioned at the beginning of 2019 into Multi-Family Investing. She is also on the leadership team for an international meetup organization focused on Multifamily Real Estate Investing; Multi-Family Masters. EPISODE SPONSOR:
- Bank on Yourself - Become Your Own Source of Financing
CONNECT WITH NATE & BETHANY:
- http://yourcashflowcouple.com/
KEY TAKEAWAYS:
- First Deal = No Profits
- Communicate, Communicate, Communicate
- Entrepreneurial Spirit Required for Both Couples?
- Sphere of Influence
- Best Question to Ask Your Spouse to get on the same page.
- The Fortune is in the Follow-Up
- OFF THE WALL
EPISODE AFFILIATES:
- DealCheck - Best REI Calculator on the Planet
- PropStream - Big Data for Market Research
LINKS MENTIONED IN THIS EPISODE:
- W2 Capitalist Gear
- W2 Capitalist Community
Tyler Hughesis a flipper and BRRRR'er in Chattanooga, TN area. In his very first deal, he partnered up with his future mother-in-law and now has over 5 years of investing experience and built up enough momentum to quit his W2 and become a full-time real estate entrepreneur.
EPISODE SPONSOR:
- Bank on Yourself - Become Your Own Source of Financing
CONNECT WITH TYLER:
- Tyler on Instagram
KEY TAKEAWAYS:
- Partnering with Future Mother-in-Law
- A Success Story from a Guru Seminar
- Real Estate Investing: Hobby or Business
- Emotions of Quitting W2
- Goal Setting
- Mindset, Accountability, and Discipline
- OFF THE WALL!
EPISODE AFFILIATES:
- DealCheck - Best REI Calculator on the Planet
- PropStream - Big Data for Market Research
LINKS MENTIONED IN THIS EPISODE:
- W2 Capitalist Gear
- W2 Capitalist Community
Robert is the VP of Growth & Innovation at The Investor's Podcast Network, Podcast Host of 'Real Estate Investing' and 'Millennial Investing', ex-W2 Accounting and Finance professional, as well as a stock and real estate investor. He earned an MBA in Accounting and Finance, a BSBA in Finance and Economics, and is a Certified Management Accountant (CMA).
EPISODE SPONSOR: BANK ON YOURSELF
- w2capitalist.com/bank
CONNECT WITH ROBERT:
- The Leonard Letter
- Robert on Instagram
KEY TAKEAWAYS:
- Before you started investing, what drove you to seek out real estate investing?
- What is the biggest risk you've taken to date?
- Forecasting - where is the single-family market heading?
- How I got two rentals for free
- Off The Wall
Episode Affiliate:
- PropStream
- DealCheck
Links mentioned in this episode:
- w2capitalist.com/shop/
- w2capitalist.com/community
Mark Willis is a man on a mission to help you think differently about your money, your economy, and your future. After graduating with six figures of student loan debt and discovering a way to turn his debt into real wealth as he watched everybody lose their retirement savings and home equity in 2008, he knew that he needed to find a more predictable way to meet his financial objectives and those of his clients.
*Mark is a CERTIFIED FINANCIAL PLANNER, a two-time #1 Best Selling Author, and the Owner of Lake Growth Financial Services, a financial firm in Chicago, Illinois. Over the years, he has helped hundreds of his clients take back control of their financial future and build their businesses with proven, tax-efficient financial solutions. He specializes in building custom-tailored financial strategies that are unknown to typical stock-jockeys, attorneys, or other financial gurus.*
As co-host of the Not Your Average Financial Podcast, he shares some of his strategies for investing in real estate, paying for college without going broke, and creating an income in retirement you won’t outlive. Mark works with people who want to grow their wealth in ways that are safe and predictable, to become their own source of financing, and create tax-free income in retirement.
**EPISODE SPONSOR:**
- Bank on Yourself - Become Your Own Source of Financing
CONNECT WITH MARK:
- w2capitalist.com/bank
- http://nyafinancialpodcast.com
KEY TAKEAWAYS:
- Creative Real Estate Funding Solutions
- When You Are An Employee, Your Money is Your Boss
- How to Use Cash For Your Advantage
- What's the one thing your money can do for you?
- Insane Way to Handle Your Money
- I'd Much Rather have Tiger Woods' Golf Swing than Tiger Woods' golf clubs
- Design the Perfect Debt Pay Off Instrument
- Work with a Bank on Yourself Professional
- Is it possible Dave Ramsey is wrong?
- Life is like a roll of toilet paper.
EPISODE AFFILIATES:
- DealCheck - Best REI Calculator on the Planet
- PropStream - Big Data for Market Research
LINKS MENTIONED IN THIS EPISODE:
- W2 Capitalist Gear
- W2 Capitalist Community
This episode almost cost me $20,000 to produce but with some helpful tips from my attorney and tactics from members of the W2 Capitalist Mastermind Members, my first attempt at lending private money ended beautifully. Learn from my mistakes.
EPISODE SPONSOR: BANK ON YOURSELF
- w2capitalist.com/bank
KEY TAKEAWAYS:
- Tip #1: Secured, 1st Lien Position by Real Estate ALWAYS
- Tip #2: Do Your Due Diligence
- Tip #3: Communicate and Communicate Often
- Tip #4: Skip Tracing
- Tip #5: Dealing with Ghosting
- Tip #6: Attorney's Conflict of Interest
- Tip #7: Trust Your Gut
Episode Affiliate:
- https://w2capitalist.com/dealcheck
- https://w2capitalist.com/propstream
Links mentioned in this episode:
- w2capitalist.com/shop/
- w2capitalist.com/community
Michael Beasley is a registered nurse in New York, husband to a loving wife, father to 4 kids, aspiring real estate investor, and one of the newest members of the W2 Capitalist Mastermind.
EPISODE SPONSOR: BANK ON YOURSELF
- w2capitalist.com/bank
CONNECT WITH MICHAEL:
- michaeljamesbeasley@yahoo.com
- Cell: 516-495-0260
KEY TAKEAWAYS:
- Improving Your Circle
- The W2 Capitalist Mastermind Culture
- Accountability
- Transitioning with the Market
- Does it make sense to invest in a 1/1?
- OFF THE WALL
Episode Affiliate:
- https://w2capitalist.com/dealcheck
Links mentioned in this episode:
- w2capitalist.com/shop/
- w2capitalist.com/community
Blake Templeton is an international motivational speaker, author of the new book ‘The Solomon Way’, an 8 Figure Award Winner, and a regular contributor to Forbes Business Council.
But what he’s really excited to share with you today is the investment secrets found in his book, ‘The Solomon Way’ that are making money for investors during this Recession.
With 14 years in business and 300+ transactions, not one single investor has ever lost money in his Private Investment Firm. This is unheard of. And they are now on track to have $100M under management within the next 12 months.
I am excited to hear about your new book, The Solomon Way, how you’ve discovered and personally used these secrets to create a track record where no investor has lost money!
Blake helps accredited investors activate
their net-worth by teaching and providing them the way to follow and follow the ancient secrets of the world’s first Trillionaire.
This strategy is revealed in-depth in his book ‘The Solomon Way’ - wisdom from the world’s first Trillionaire: King Solomon.
Founded in 2006, Blake built a private investment firm that
specializes in moving people from the volatility of the public markets into a fixed return, collateralized private markets.
Using this time-tested wisdom, his firm, Boron Capital, has closed over 300+ real estate transactions, and since inception, no investor has lost money.
**EPISODE SPONSOR: BANK ON YOURSELF**
- w2capitalist.com/bank
CONNECT WITH BLAKE:
- Text SOLOMON to 31996
- boroncap.com
KEY TAKEAWAYS:
- The Solomon Way
- Invest In Yourself
- The 50/50/50 Concept
- 3,000 Year Old Investment Advice
- The Hatchet Man
- Investing with an Emotional Connection
- The Recession
- Precession and Lag
- What can someone who is flipping right now look at to see if we're about to enter into those times again?
- Become Master of your own domain
- Awaken the King Mindset that Lives inside you
Episode Affiliate:
- https://w2capitalist.com/affiliates/
Links mentioned in this episode:
- w2capitalist.com/shop/
- https://www.facebook.com/groups/REIforTheW2/
Kathleen Blackis North America’s leading real estate team coach and trainer, delivering her proven success techniques to agents and teams around the world. That growth is worth billions in additional sales volume annually across her client network with 80% of her clients being national top 1% producers. Kathleen, the best-selling author of “The Top 1% Life”, will help you to expand your business, at a fraction of the time and cost, using the tried, tested, and true “KBCC Ultimate Expansion Strategy” that has powered her client growth.
The success of KBCC centers around integrity, honesty, and results-driven measures, the very things that represent Kathleen. Kathleen has been named twice as Top Elite Women Driving the Future of Real Estate by REP Magazine and as Top 20 Emerging Leaders by T3 Sixty’s Swanepoel Report. She was recognized within the top 1% of Realtors in the Toronto Real Estate Board, has ten plus years of agent development experience, and hundreds of teams attribute their growth and success to Kathleen’s leadership. Most recently, Kathleen was awarded the Iconic Leaders Creating a Better World for All Award. This award is based on experience, results, influence, and commitment to change the world for the better of all internationally.
Kathleen is also the driving force behind the Ultimate Team Summit, the largest team-specific Real Estate summit in North America, and the Ultimate Mastermind Series of events, including the 100 Deal + Ultimate Mastermind.
Kathleen lives in Oshawa, Ontario, Canada with her two free-spirited, independent, and very loved children Ethan and Ella, and their cats Ethel and Willow.
EPISODE SPONSOR: BANK ON YOURSELF
- w2capitalist.com/bank
CONNECT WITH KATHLEEN:
- https://kathleenspeaks.com/
KEY TAKEAWAYS:
- Here to talk about your book Top 1% Life - Real Estate Edition - The Real Estate Agent's Guide to Free up Your Time, Build Your Business with Confidence and finally HAve a Life Outside of Sales...
- What Fueled Kathleen To Write This Book
- Give Yourself Permission To Do The Things You Were Born To Do
- Where do you start hiring people?
- Environment outperformers Talent
- Tension creates vision
- Who influences you? Which influencers do you follow in your coaching and consulting business?
- Myth- Teams take too much time and money to develop.
- "Expansion does not have to be painful, although it does have to be focused and brave."
- OFF THE WALL
Grab your free digital copy of The Top 1% Life @ http://top1percentlife.com/
Episode Affiliate:
- https://w2capitalist.com/dealcheck
Links mentioned in this episode:
- w2capitalist.com/shop/
- https://www.facebook.com/groups/REIforTheW2/
Mike Webb(@theinvestingfireman) is a partner with MDWVHomebuyer.com, a real estate investment company in the Maryland, West Virginia, Virginia, and Pennsylvania markets. Mike is a co-founder of the I81 Real Estate Investor MeetUp – a networking group specializing in investment real estate that meets monthly in Martinsburg, WV. In addition to real estate, Mike works full-time as a career fire captain with a mid-sized fire department in the Washington D.C. / Baltimore Metro area. Currently, he resides in Maryland with his wife and son - and one on the WAY!!
EPISODE SPONSOR: BANK ON YOURSELF
- w2capitalist.com/bank
CONNECT WITH MIKE:
- Facebook or Instagram @ TheInvestingFireman
KEY TAKEAWAYS:
- Dealing with a Promotion at Work
- Partnerships - worth it or not?
- Still doesn't love flipping
- Best Deal of 2020
- Where's the Market headed in 2021
- OFF THE WALL
Episode Affiliate:
- https://w2capitalist.com/dealcheck
Links mentioned in this episode:
- w2capitalist.com/shop/
- w2capitalist.com/community
Adam Zachis a Father, Husband, W2 Engineer, Single Family Buy and Hold Investor, and W2 Capitalist Mastermind VP leading our Single Family Buy & Hold Mastermind sessions.
EPISODE SPONSOR: BANK ON YOURSELF
- w2capitalist.com/bank
CONNECT WITH ADAM:
- SetYourRent.com
- W2capitalist.com/mastermind
KEY TAKEAWAYS:
- News on leaving W2?
- What is your why? - John Lim
- What are your systems & processes per deal/per year - Maria Lee
- What's your magic number or formula for reserves? - Tom Latuga
- What do evictions/foreclosure look like on your part? What is the worst case, post apocalyptic, nukes gone off scenario. - Brody Hough Oakes
Episode Affiliate:
- https://w2capitalist.com/dealcheck
Links mentioned in this episode:
- w2capitalist.com/shop/
- w2capitalist.com/community
After closing on his 2nd park, Corey Woodruff had to ask for advanced pay to buy his kids Christmas. Two years later, he has left the W2 world and closed on over 1100 pads.
EPISODE SPONSOR: BANK ON YOURSELF
- w2capitalist.com/bank
CONNECT WITH COREY:
- corey@cmhcapitalinc.com
KEY TAKEAWAYS:
- If People in Your Circle Don't Have Money, You're Hanging Out in the Wrong Circle
- It's Not Energy, It's Rejection that I'll Never Be Poor Again
- Staying Laser-focused
- Where Does the Motivation & Energy Come From?
- The Story Behind the CMH Capital Name
- How Did Losing Your Dad Affect You
- OFF THE WALL
Episode Affiliate:
- https://w2capitalist.com/dealcheck
Links mentioned in this episode:
- w2capitalist.com/shop/
- https://www.facebook.com/groups/REIforTheW2/
Savannah Arroyo, "The Networth Nurse" is a full-time Registered Nurse in Los Angeles, California. She uses her skills as a leader in healthcare operations to manage multi-family syndications. She also helps busy medical professionals create passive income through real estate investing.
EPISODE SPONSOR: BANK ON YOURSELF
- w2capitalist.com/bank
CONNECT WITH SAVANNAH:
- thenetworthnurse.com
- savannah@thenetworth.com
KEY TAKEAWAYS:
- Why Did You Get Into Real Estate
- Current Portfolio
- Grabbing Pocket Listings from a
- Taken Down A Value Add 12 Unit During COVID
- Navigating Rent Control
- How is it Working with Your Husband?
- Get Clear on Your Why
- Do You Put Yourself Out There or Not?
- OFF THE WALL
Episode Affiliate:
- https://w2capitalist.com/dealcheck
Links mentioned in this episode:
- w2capitalist.com/shop/
- https://www.facebook.com/groups/REIforTheW2/
Cindy Byler is a military Army spouse of 7 years to her high school sweetheart, Jonas. After their first change of duty station, she found herself needing to put her career as a music teacher on hold to move three times in three years. During that season of not
working, she grew bitter toward the lifestyle- she had much value to add but felt unable. Through much reflection and improvements in personal finances, Cindy realized the best “job security” for their military lifestyle was through passive income- ultimately utilizing real estate to achieve passive income.
As a buy-and-hold real estate investor, Cindy primarily invests in her hometown-area in Elmira, NY. She has been a landlord for 5 years. In the past 1.5 years, she has acquired a total of 4 properties and 11 doors. Every unit has gone through or is going through, extensive remodeling. To make things more interesting, she currently lives in Central Texas where her husband is stationed at Fort Hood so all acquisitions, remodeling, and rentals are
managed from over 1600 miles away. Cindy also resigned from her job as a music teacher to stay home with her young children and focus on the business that has already replaced her income in so little time.
EPISODE SPONSOR: BANK ON YOURSELF
- w2capitalist.com/bank
CONNECT WITH CINDY:
- Facebook: https://www.facebook.com/cindy.atwell.75
- Linkedin: https://www.linkedin.com/in/cindybyler/
- cindybylerrei@gmail.com
KEY TAKEAWAYS:
- Married High School Sweetheart
- Accidental Landlords
- Long Distance Investing is possible
- Really passionate about personal finances
- From 2 Incomes to 1
- Delayed Gratification
- Becoming Debt Free
- Investing in Airbnb Arbitrage Furniture
- OFF THE WALL
Episode Affiliate:
- w2capitalist.com/dealcheck
Links mentioned in this episode:
- w2capitalist.com/shop/
- w2capitalist.com/community
- w2capitalist.com/mastermind
Rich Groves has been in the corporate training field since 1999. He absolutely loves helping people develop the skills to maximize their professional success. Rich trains individuals on technical skills, as well as "soft" skills to reach their goals and realize their full potential.
In 2005, his corporate career saw a major curveball. As a result of a merger, his job transitioned to a new metro area. Instead of uprooting his family, he and his wife decided to stay planted in the greater St. Louis area with their extended family nearby. As a result, Rich found himself without a job and turned to real estate investing. Completing his first "rehab and flip" in late 2005, Rich felt the rush of what real estate investing could do for people, families, communities and in 2012, Rich and his wife started looking into formal real estate investing education and started their own real estate investing company, Metro STL Homes, LLC in early 2013. It took Rich 8 months to breakthrough his analysis paralysis to complete his first real estate investment transaction, but he hasn't looked back since. Rich made a move back to the W2 with a rewarding, full-time job as a Firm Trainer at a major law firm, and he and his wife have raised two boys, the younger of which will be going off to college in the fall. Rich has performed on over 50 real estate transactions from assignments to rehabs to building a rental portfolio. He currently owns 7 rental properties and has a goal for 2021 to bring that total to 15. EPISODE SPONSOR: BANK ON YOURSELF
- w2capitalist.com/bank
CONNECT WITH RICH:
- rich@metrostlhomes.com
- http://www.metrostlhomes.com/
- https://www.youtube.com/metrostlhomes
- https://www.instagram.com/metrostlhomes/
- https://stlviplist.com/
KEY TAKEAWAYS:
- Immediate transition from W2 to Flipping REI
- Getting Wife Over Hump of Being Averse to The Risk
- Does Todays Market Remind You of 2006-2007
- 2nd Transaction was Harder for Wife
- Being Pushed Over Analysis Paralysis
- Networking during COVID
- OFF THE WALL
Episode Affiliate:
- https://w2capitalist.com/dealcheck
Links mentioned in this episode:
- w2capitalist.com/shop/
- w2capitalist.com/community
Ernest Mallonga became FINANCIALLY FREE AT 28 YEARS OLD! In 2014 Ernest immigrated into the United States with literally no money to speak of and worked 3 jobs simultaneously to earn and save money. In 2015 Ernest joined the US Air Force and committed 4 years to springboard his career. Like many real estate investors, Ernest stumbled upon Rich Dad Poor Dad, and got introduced to the concept of passive income and financial freedom. Before then, he always thought that one had to work to earn money. After 2 years of educating himself through books, podcasts, and anything he could get a hold of about real estate and financial freedom, in 2019 Ernest bought his first rental property, finished his master's degree, and secured a new job.
After just two yearS of investing, Ernest achieved financial freedom, but he will continue to work.
EPISODE SPONSOR: BANK ON YOURSELF
- w2capitalist.com/bank
CONNECT WITH ERNEST:
- Ernest Mallonga on Facebook
- Ernest Mallonga on Instagram
KEY TAKEAWAYS:
- Hustler with Strong Work Ethic
- 1st Property Purchased: 4-plex unseen with a VA loan
- bought 3 more houses between 2019 and 2020 (BRRRR with varying levels of success)
- Book Nerds Have the Most Common
- Fear is why I started, But How Big Can I Make This?
- Lawsuit Threat on My Wedding Night
- Why do you Continue to Work?
- OFF THE WALL: PODDECKS
Episode Affiliate:
- https://w2capitalist.com/dealcheck
Links mentioned in this episode:
- w2capitalist.com/shop/
- https://www.facebook.com/groups/REIforTheW2/
You know how most parents stress over how they will financially provide for their growing families? Jay Helms has created a community and system to show those parents how to achieve financial freedom through real estate investing so they will never worry about being acquired, fired or laid off again.
Jay spent nearly 20 years serving the information technology industry of Corporate America. With a mix of single-family, small multifamily and apartment syndications, Jay and his wife have grown their real estate portfolio to over 320 units across 4 states in just 6 years of investing while working a full-time job and bringing 3 beautiful kids into the world.
In 2019 Jay founded the W2 Capitalist Community which is a resource for 30-40-year-old married men and women, like you, who earn a combined income of more than $100,000 annually that want to build multiple streams of income through real estate investing so that you can be even more present (both mentally and physically) with your spouse and your children. Personally, Jay wants to be the guy that helped you remove the anxiety and stress that comes with financially providing for your family.
EPISODE SPONSOR: QUEST TRUST
- w2cap.questtrust.com
CONNECT WITH JAY:
- www.w2captialist.com
KEY TAKEAWAYS:
- Keep The Momentum
- Punch Fear in the Face
- Make 2021 Your Best Year Yet
Episode Affiliate:
- https://w2capitalist.com/dealcheck
Links mentioned in this episode:
- w2capitalist.com/shop/
- https://www.facebook.com/groups/REIforTheW2/
Jamie O'Brien is a W2Capitalist dedicated to building generational wealth for his family while pursuing financial freedom through real estate investing. Upon learning that he and his wife, Blair, were having twins 4 years ago, Jamie realized that he wanted more than the W2 could give him. In the last 4 years Jamie has been very successful in his role as a Medical Device Representative while building his real estate investing business, O’Brien Homes, LLC. Jamie has dabbled in multiple different real estate strategies over the years; however, his core business revolves around Wholesale, Buy and Hold and Fix and Flip.
Jamie has a rental portfolio of 12 doors and has successfully wholesaled and flipped 11 houses in the last 3 years, successfully replacing his wife’s lost income with real estate. As a devout husband and father, Jamie is focused on scaling his business as an owner by working on his business more and in it less to free up as much time as possible to travel, coach his children or just spend time with his family. Outside of work and real estate, Jamie enjoys spending time with his family, the outdoors, great friends and, of course, SEC Football. Jamie and his family are located in Birmingham, Alabama.
EPISODE SPONSOR: QUEST TRUST
- w2cap.questtrust.com
CONNECT WITH JAMIE:
- https://www.facebook.com/OBrienHomes/
KEY TAKEAWAYS:
- What will have made the most impact on your life: # of flips, # of wholesales, or # of buy and hold?
- Twins are on the Way
- What are some unexpected Expenses on Flips?
- Hard Money or Own Cash when flipping?
- Tax Implications on Flips
- How to determine if property is better to Flip or BRRRR?
Episode Affiliate:
- https://w2capitalist.com/dealcheck
Links mentioned in this episode:
- w2capitalist.com/shop/
- https://www.facebook.com/groups/REIforTheW2/
Neal Bawa is a technologist who is universally known in the real estate circles as the Mad Scientist of Multifamily. Besides being one of the most in-demand speakers in commercial real estate, Neal is a data guru, a process freak, and an outsourcing expert. Neal treats his $250+ million-dollar multifamily portfolio as an ongoing experiment in efficiency and optimization. The Mad Scientist lives by two mantras. His first mantra is that We can only manage what we can measure. His second mantra is that Data beats gut feel by a million miles. These mantras and a dozen other disruptive beliefs drive profit for his 300+ investors.
Neal serves as CEO / Founder at Grocapitus, an iconic, data-driven commercial real estate investment company. Grocapitus’ 28 person team acquires and builds multifamily & commercial properties across the U.S. With more than 300 active investors and over 2,000 reviewing our projects, the Grocapitus portfolio currently spans across 7 states with 12 projects and 2,000+ units/beds. The powerful Grocapitus brand has a cult-like following of data driven investors. The result - Completed equity raises of $50 million+ for Multifamily, Mixed-Use and Self-Storage Acquisitions in the last 18 months, over 2,000 units purchased. Grocapitus is on track to close another 1,500 units in the next 12 months.
**EPISODE SPONSOR: QUEST TRUST**
- w2cap.questtrust.com
CONNECT WITH NEAL:
- MultifamilyU.com
- Neal Bawa on Instagram
- udemy.com/realfocus
- GroCapitus.com
KEY TAKEAWAYS:
- Mad Scientist of Real Estate
- The Technology Fire
- 48 out of 50 states are reaching all time highs in RE
- A Development Scam
- Why Class C isn't the best asset, now
- For Real Estate Investors, It Doesn't Matter who wins the Presidency
- Invest with no Money Down - We disagree.
- OFF THE WALL
Episode Affiliate:
- https://w2capitalist.com/dealcheck
Links mentioned in this episode:
- w2capitalist.com/shop/
- https://www.facebook.com/groups/REIforTheW2/
Robert Benenateis a New Orleans native, with over 30 years of construction and renovation experience, he has influenced major projects, most recently a 1.7 MM condo conversion project. Seeing a change in the market, Robert seized the opportunity to begin a career in commercial and multi family management for the last 8 years, Robert has been the regional vice president of development and management to a 600 door portfolio, valued at over 100MM In this short time and he has helped achieve unprecedented growth and increased revenue nearly doubling the portfolio's value. In the past, Robert has managed portfolios up to 7,000 units in six states before his present portfolio managing maintenance, construction crews and property management staff. Robert has a deep passion for real estate and is a certified FEMA inspector as well. He has learned the business from the ground up, flipping houses and house hacking a Katrina damaged property. A hard working individual, Roberts unchanging passion to real estate, is demonstrated in every aspect of his daily life.
Qualifications and experience 30 years commercial and residential construction experience 8 years asset management experience 5 years regional Vice President of development of LCM,LLC a 100MM portfolio spanning the Gulf South 12 years as a multi- family property owner Certified FEMA inspector (WSP) Current and Former Organization affiliations Home Builders Association Apartment Association REIA Rotary
EPISODE SPONSOR: QUEST TRUST
- w2cap.questtrust.com
CONNECT WITH ROBERT:
- RNS Investment Group
KEY TAKEAWAYS:
- Certified FEMA Inspector
- Father and PawPaw
- Challenged Your Kids and Grandkids
- How will major colleges be different 20 years from now?
- Having a Positive Mindset
- Leads MFMasters NO chapter meetup - you guys back to meeting in person
- I am not the best but I want to be the best in the Real Estate world! (1 of my goals) when you find yourself in doubt what are a few steps you take to get back in the right direction?
Episode Affiliate:
- Jake And Gino Youth Academy
Links mentioned in this episode:
- w2capitalist.com/shop/
- https://www.facebook.com/groups/REIforTheW2/
- producemoretime.com
Julie Hollyhelps people like you find their freedom through multifamily real estate investing so that they can live the life of their dreams! She's invested in single family homes, house-hacked before it had a name, managed properties from 1k miles away and passively invested in multifamily assets. Her podcast Ask Me How I Know: Multifamily Stories of Struggles to Success is designed to fuel the mind and soul through weekly interviews with industry leaders as well as a mindset episode. In addition to serving investors, Julie uses her skills to write grants for nonprofits to grow their reach.
EPISODE SPONSOR: QUEST TRUST
- w2cap.questtrust.com
CONNECT WITH JULIE:
- Ask Me How I Know
KEY TAKEAWAYS:
- Dad pushed you into REI
- Live within your means
- Lacking infrastructure produces fear
- What were you nervous about?
- Dealing with Self Doubt
- Extreme Outdoor Sports
- Ask Me How I Know podcast
- Have a Mindset Playlist
- Set Reminders for Affirmations
- Seasonal Affective Disorder - Dispenser of Kindness
- Three Key Investments
Episode Affiliate:
- https://w2capitalist.com/dealcheck
Links mentioned in this episode:
- S.A.D. Post on LI: https://www.linkedin.com/posts/julie-holly_mondaymindset-mindset-mindsetcoach-ugcPost-6731724745580138497-d87N
- w2capitalist.com/shop/
- https://www.facebook.com/groups/REIforTheW2/
WILLIAM TINGLEis the host of Sub2Deals.com & The Sub2Deals Show Podcast, is a nationally-known real estate investor, investing coach, author and public speaker.
William had worked in the restaurant business for almost 20 years when in 1999, he ordered a Carleton Sheets Nothing Down course off of a late night TV infomercial. He read it and took a $5000 advance from a credit card to start his real estate investing career. Exactly one year later he quit his job for good, paid the credit card off and has to this day never used a penny of his own money for investing.
For over 10 years he operated a real estate business where he wholesaled and rehabbed numerous properties each year but found his real niche in what he calls “Sub2”, buying subject to existing financing. To date, he has taken the deed on over 500 properties and even though he “retired” in Belize in 2010, he still continues to buy 20 to 25 properties a year in this manner in select markets throughout the United States.
He has trained and coached countless students all over the country to become financially successful real estate investors.
EPISODE SPONSOR: QUEST TRUST
- w2cap.questtrust.com
CONNECT WITH WILLIAM:
- sub2forum.com
- sub2podcast.com
- sub2deals.com
KEY TAKEAWAYS:
- What is a Sub2Deal?
- Navigating the Due On Sell Clause
- Reasons Sellers/Owners move forward with Sub2Deals
- Technical Aspects to Close
- "Buyers are liars and sellers are story tellers."
- Due Diligence for the Sub2Deal
- Working Like a Dog
- $620 Million in loans taken
Episode Affiliate:
- https://w2capitalist.com/dealcheck
Links mentioned in this episode:
- w2capitalist.com/shop/
- https://www.facebook.com/groups/REIforTheW2/
- Sub2Deal Podcast episode with Chip Chronster on his experience with the Due-On-Sale clause: http://podcast.sub2deals.com/2019/04/08/ep-005-what-is-a-due-on-sale-clause/
- Sub2Deal Podcast episode with Casey Constantine, the most hated blogger in America: http://podcast.sub2deals.com/2020/09/21/ep-051-real-investors-series-with-casey-constantine/
Josh Carlegisis a Managing Partner of The SCI Group, and DSM Holdings. He started his real estate investment career in the college town of Jacksonville, AL in 2015. Starting in single family rentals as a side gig/retirement plan while working a full time job in industrial sales, Josh has grown a portfolio to include apartments, office, restaurant, retail, and warehouse space. After separating from the sales world in 2018, Josh now focuses on value-add residential real estate projects. The SCI Group syndicates and joint-ventures apartment and commercial deals, and strives to bring the maximum amount of value to its investors and partners. They focus in the Southeast, with an emphasis on Alabama's I-65 corridor and the Gulf Coast. Outside of real estate, Josh enjoys Crossfit, boating and fishing the coastal waters of Alabama and Florida.
EPISODE SPONSOR: QUEST TRUST
- w2cap.questtrust.com
CONNECT WITH JOSH:
- www.scig.us
- josh.carlegis@scig.us
KEY TAKEAWAYS:
- From Houston to Jacksonville, AL
- Jefferson's Wings are the best!
- Empty Warehouse to CrossFit Gym
- Cost Segregation Study Saves Hundreds of Thousands
- Tornado of Opportunity to FLIP & BRRRR
- Concerns over restaurants and commercial space
- Pirates Cove - Flora Bama
Episode Affiliate:
- https://w2capitalist.com/dealcheck
Links mentioned in this episode:
- w2capitalist.com/shop/
- https://www.facebook.com/groups/REIforTheW2/
April Crossleyis a no-bull investor who helps people grow wealth with real estate. A teenage mom, April graduate college, began a healthcare career, started a real estate business, and grew that business to retire at age 35. She currently flips houses, owns rentals and is a private lender.
EPISODE SPONSOR: QUEST TRUST
- w2cap.questtrust.com
CONNECT WITH APRIL:
- LazyGirlREI.com
- april_crossley on Instagram
- crossleyproperties@gmail.com
KEY TAKEAWAYS:
- Mental Declutter Quarterly
- Find a job you love...biggest lie
- Leave W2 job to Flip Full Time
- Dropped out of Master's program to pursue flipping full time
- Burn the Ships
- Stay clear of heavy rehabs while starting
- The Right REI Mastermind is your REI Family
- Being Motivated by People Telling You No
- Live & invest in PA but right now you're living the RV life
- Sixteen, Pregnant and on Welfare
- Lazy Girl REI
- Private Money Lends
- "This book has to be a lie." One Minute Millionaire
- Axel Rose?
Episode Affiliate:
- https://w2capitalist.com/dealcheck
Resources mentioned in this episode:
- w2capitalist.com/shop/
- https://www.facebook.com/groups/REIforTheW2/
- Success Habits of Super Achievers
- The Contenders Motivational Video
Erika Kullberg is an attorney and personal finance expert. Prior to founding a legal technology company, Plug and Law, she was a corporate attorney for Fortune 500 companies. Her personal finance YouTube channel, where she talks about topics ranging from student loans to investing, has grown to over 70,000 subscribers and 4 million views in under a year, and her work has been featured in outlets such as Business Insider, CNBC, U.S. News & World Report, the Washington Post and more. Erika holds degrees from the University of Notre Dame and Georgetown Law.
CONNECT WITH ERIKA:
- plugandlaw.com/legal-guide
- YouTube: https://www.youtube.com/channel/UCoSw1rKMkCbwzKpkC0OjRKA
- How To Negotiate Salary: https://youtu.be/xBwalm4Mke0
KEY TAKEAWAYS:
- Student Loans
- Plug and Law
- Making action plans of little steps
- Set a specific personal date for your goal
- Delay short term gratification for long term gains
- Avoiding lifestyle Inflation
Episode Sponsor:
- https://w2capitalist.com/sponsor
Links mentioned in this episode:
- w2capitalist.com/shop/
- https://www.facebook.com/groups/REIforTheW2/
- https://unbury.me
- StudentAid.gov
Jay Helms served the Information Technology industry since 2001 with a most recent exit (2020) from the W2 world to focus on Real Estate Investing full time. Jay has earned several educational accolades: B.S. Computer Science (Jacksonville State University, 2001), Masters Business Administration (New York Institute of Technology, 2005) and Certified Project Management Professional (Project Management Institute, 2008) to produce a record of seamlessly driving complex projects to completion while balancing tight resource and time constraints. A savvy relationship builder with a proven track record of forging partnerships and driving account performance to the next level.
Jay started actively investing in Real Estate in 2014 and with a mix of single & multi-family homes and since has grown his real estate portfolio to over 320 units across 4 states. Recently he has started giving back to the real estate community by hosting the movement at www.W2Capitalist.com where the mantra EARN. INVEST. REPEAT. is helping every W2 Employee realize they can build legacy wealth through real estate investing AND have a successful and fulfilling W2 job. Jay and his wife Cassie have one son and two daughters.
CONNECT WITH JAY:
- jay@w2capitalist.com
- Social Media: @w2capitalist
KEY TAKEAWAYS:
- "Code of Conduct"
- "John's" Story
- My Story
Episode Affiliate:
- https://w2capitalist.com/affiliates/
Links mentioned in this episode:
- w2capitalist.com/shop/
- https://www.facebook.com/groups/REIforTheW2/
Adam Zachis a Father, Husband, W2 Engineer, Single Family Buy and Hold Investor, and W2 Capitalist Mastermind VP leading our Single Family Buy & Hold Mastermind sessions.
CONNECT WITH ADAM:
- SetYourRent.com
- W2capitalist.com/mastermind
KEY TAKEAWAYS:
- Questions from the Community
- How to gauge profit requirements vs cost (and potential costs) for single family rentals?
- Where is the best place to market for lease to own? Do you use wrap-around mortgages? Pros/cons?
- What are you biggest keys to success you'd share with someone doing their first lease to own?
- Intro to Sandwich Loan
- Rent-to-Own "Mini-Franchise"
- Privatizing the Banking Industry
Episode Affiliate:
- https://w2capitalist.com/dealcheck
Links mentioned in this episode:
- w2capitalist.com/shop/
- https://www.facebook.com/groups/REIforTheW2/
Ryan Chaw graduated with his Doctor of Pharmacy in 2015 at age 23. Ryan loves his job but he wanted to do something more in life. He didn’t want to become just “that pharmacist” who worked at his job until he retired at 65.
Ryan was inspired become a real estate investor by his grandpa who had bought 3 properties in the Bay and whose rental income covered all his expenses and allowed him to retire early. His grandpa was even able to use that rental income help cover his grandchildren’s’ college tuitions.
Ryan bought his first property in 2016 – a single family home at his local college. He rented out the home per bedroom to college students and renovated to add extra bedrooms to increase rental profit.
He repeated the same process for each property, buying 1 property each year. He then created a system for getting consistent high quality tenants, self-managing the property, and decreasing expenses through preventative maintenance. He now makes $10,755 per month in rental income.
3 of the properties are on 15 year mortgages. 1 is on a 10 year mortgage. Ryan further leveraged his equity on the first house by taking out a HELOC on it and put a downpayment on the 4th house.
Ryan is now teaching others his system: how to find a college town to invest near, analyzing a deal, generating tenant leads through strong marketing tactics, and how to self-manage college tenants so everything is hands off and automated.
In his free time Ryan travels to many foreign countries to just absorb the culture and life outside of California. So far Ryan has been to China, Japan, Taiwan, the Bahamas, Canada, Paris, London, Germany, and Mexico.
**CONNECT WITH RYAN:**
* rchaw@newbierealestateinvesting.com
- 916-367-3415
-
www.newbierealestateinvesting.com
KEY TAKEAWAYS:
-
Day 1 Mentor - I hate this job.
- PRIME method for finding amazing college student tenants
- Collecting rents from College Students
- Why 15 & 10 year notes?
- 3 Random Questions
Episode Affiliate:
- https://w2capitalist.com/affiliates/
Links mentioned in this episode:
- w2capitalist.com/shop/
- https://www.facebook.com/groups/REIforTheW2/
After working her way up from a receptionist to sales at the age of 30, Deb Cleland chose to start her own business and invest her hard earned money in real estate.
Simultaneously Deb built two businesses, from scratch, into-multi-million dollar operations. She achieved her successes as a single parent with no formal education. Both of Deb's businesses thrived, and 16 years later she decided to sell her core business to fully commit to her love of real estate investing and renovating.
Deb learned very early on that buying and holding real estate is the best way to create wealth. She has beautifully restored over 400 units ranging from single-family homes to 42 unit apartment complexes. She believes that being a real estate investor is an honor, and treats her properties like homes and tenants like family.
She attributes a lot of her success to finding and working with some of the greatest minds in the business who taught her about manifestation, strategic planning, hope, possibility, creating respect, accountability, action, results, kindness and love. She feels that money is empty and hollow if there isn't a purpose with a vision in place.
CONNECT WITH DEB:
- debcleveland.com
- training.debcleveland.com/gps-course
KEY TAKEAWAYS:
- Master Flipper - what does that mean?
- How important is it to have decorator eyes?
- Baby steps into flipping
- What's the price range on the flips you're doing?
- How do you find an area that attracts 1st time home buyers?
- Find and Work with GREAT PEOPLE
Episode Affiliate:
- https://w2capitalist.com/affiliates/
Links mentioned in this episode:
- w2capitalist.com/shop/
- https://www.facebook.com/groups/REIforTheW2/
If you're listening to this, chances are you are 25-50 years old, you have a successful job, you have a couple of kids or planning to have 1 or 2 in the near future and when you sit down and talk things out with your spouse you realize that you both want to be further along financially so that, you can grow a bigger nest egg, have the option to leave your W2 or plan for some generational wealth building. Through many avenues, most recently we've seen is COVID, but through many avenues you've realized that the most risky thing you can do for the financial well-being for your family is have a single source of income in the form of a job and you want to tap into what 90% of millionaires have already done and add real estate investing to your portfolio. When most people encounter the idea of REI for the first time they go through this self-doubt, imposter syndrome that they aren't good enough, they aren't' rich enough, they didn't come from the right blood lines, and/or they don't have the skillsets to be able to own income producing real estate. What I want to do today is not only introduce you to 4 gentleman who I've grown to have much respect for, but you introduce you to these average joes, these guys like you and me but they are successful real estate investors, building their portfolios while they work full-time AND are present for their family. Not only are you going to get to meet them, hear from and /or see these guys BUT my hope is that you'll be intrigued enough to get involved with the W2 Capitalist Mastermind. Along with myself, these guys host individual mastermind calls throughout the month to share strategies, hold their members accountable, and challenge each other to accomplish more. Excited to introduce you to Gwyeth Smith (Multifamily), Adam Zach (Single Family B&H), Jamie O'Brien (Flipping & Wholesaling) and Darron Hay (Mobile Home Park).
CONNECT WITH GWYETH, ADAM, JAMIE AND DARRON:
- w2capitalist.com/mastermind
KEY TAKEAWAYS:
- Community of Accountability
- Niche Focused + General Sessions
- Join Us.
- The Story behind Adam's hat (you can see it on YouTube)
- EARN. INVEST. REPEAT.
Episode Affiliate:
- https://w2capitalist.com/affiliates/
Links mentioned in this episode:
- w2capitalist.com/shop/
- https://www.facebook.com/groups/REIforTheW2/
Bob Burg is a sought-after speaker at company leadership and sales conferences sharing the platform with everyone from today’s business leaders and broadcast personalities to even a former U.S. President.
Bob is the author of a number of books on sales, marketing and influence, with total book sales of well over a million copies. His book, The Go-Giver, coauthored with John David Mann, is an international bestseller and itself has sold over 950,000 copies and it has been translated into 28 languages.
His and John’s newest parable in the Go-Giver Series is The Go-Giver Influencer.
Bob is an advocate, supporter and defender of the Free Enterprise system, believing that the amount of money one makes is directly proportional to how many people they serve. He is also an unapologetic animal fanatic, and is a past member of the Board of Directors of Furry Friends Adoption, Clinic & Ranch in his town of Jupiter, Florida.
CONNECT WITH Bob :
- www.TheGoGiver.com
- www.Burg.com
- w2capitalist.com/bob
KEY TAKEAWAYS:
- A quick review of The Five Laws
- Oreos are the Best Junk food
- Capitalism vs. Socialism
- Questions from the W2 Capitalist Community
Episode Affiliate:
- https://w2capitalist.com/affiliates/
Links mentioned in this episode:
- w2capitalist.com/shop/
- https://www.facebook.com/groups/REIforTheW2/
Nathan Long, as the President of Quest Trust Company, oversees the operations of the company and aids in improving the practices implemented. After joining his brother, Quincy and the Quest Trust Company team in 2007, Nathan has aided in growing the company to over ninety employees located in four different cities, with continued expansion expected in the near future. Prior to working at Quest Trust Company, Nathan was in the automotive industry for over 17 years as an upper level executive for Automotive Investment Group, AIG, and participated in growing the ABC Nissan Branch in Phoenix, Arizona. Nathan also holds the title of Certified IRA Services Professional (CISP), from the Institute of Certified Bankers. Throughout his time with Quest, Nathan has focused his time and efforts on providing superb customer service and developing excellent educational resources. As a devout vegan, Nathan loves animals and has a passion for cooking. In his spare time, he can be found working with rescued animals and travelling.
CONNECT WITH NATHAN:
- http://w2cap.questtrust.com
KEY TAKEAWAYS:
- Interrupting Events in Your Life
- Why should you use an SIDRA to build generational wealth
- Setting up IRA’s for your children, good idea?
- Personal Examples of how Nathan has used his IRA’s for him and his children?
- What are benefits of leaving your IRA to your children?
- In your experience, what has been the best/coolest IRA investment you’ve done. What about an ugly investment?
- If you knew about SDIRAs long ago, what would you do differently?
Episode Sponsor:
- http://w2cap.questtrust.com
Links mentioned in this episode:
- w2capitalist.com/shop/
- https://www.facebook.com/groups/REIforTheW2/
Anne Marie joined Quest Trust Company in 2013 and currently serves as a Sales Officer. After graduating from St. Edward’s University with a Bachelor of Arts in Communication focused in Public Relations and Advertising, Anne Marie pursued a position as an IRA Specialist. In 2014, she received the designation of Certified IRA Services Professional from the American Bankers Association. Anne Marie’s strong sales background and degree focus motivated her to accept a position directing the Sales Department at Quest Trust Company. In this role, she directly oversees all of the Houston and Dallas operations, business development and sales. Anne Marie is one of the lead female public speakers at Quest Trust Company, and travels around the country educating investors on the benefits of Self-Directed IRAs. She teaches Americans how to take control of their retirement through her experience at Quest and from personal experience starting to do her own note investments in her early 20s. In 2018, she was approved by the Texas Real Estate Commission to be an instructor of real estate continuing education courses. Additionally, Anne Marie manages the coordination of company events, including some of the largest and most successful events in the history of the company like the Quest Expo, Fright Night and the Online Boot Camp.
CONNECT WITH ANNE MARIE:
- http://w2cap.questtrust.com
- 855-FUN-IRAS
KEY TAKEAWAYS:
- What is a Self-Directed IRA? How is it different from other retirement accounts?
- What can an IRA invest into? What can it NOT invest to?
- Aside from just retirement accounts, what other types of accounts does Quest offer? How can they be used?
- How do you find investments to do in a Self-Directed IRA
- What is the most popular investment you see at Quest
- Strangest investment you have seen?
Episode Sponsor:
- http://w2cap.questtrust.com
Links mentioned in this episode:
- w2capitalist.com/shop/
- https://www.facebook.com/groups/REIforTheW2/
Juan Deshon was a Receiving a Bachelor’s degree in Finance at the University of Houston Juan went full time with Quest Trust in 2018. In this industry for just 3 years Juan has also accomplished receiving a title of Certified IRA Services professional (CISP), from the Institute of Certified Bankers. While at Quest, Juan has presented to groups of real estate investors wanting to learn more about their possibilities and opportunity in the retirement space across Houston. Throughout his time with Quest he has provided world class customer service, quality education and fun to our Quest team. As an IRA Specialist with Quest Trust Company, based out of the Houston Corporate office, Juan is one of the specialists who interact with the Quest clientele on a day to day basis. With over 16,000 clients at Quest, there is no question Juan has received he has not seen , answered or been tasked to resolve. Juan loves to smoke meat on the weekend, hangout with friends and his labradoodle Goose.
CONNECT WITH JUAN:
- http://w2cap.questtrust.com
KEY TAKEAWAYS:
- Why PML is popular? How does it work from an IRA standpoint?
- Can all IRA’s lend money? Rules against lending money
- Prohibited transactions (high level).
- Convert Your Note to Stocks
- How to verify your borrower is paying...
Episode Sponsor:
- http://w2cap.questtrust.com
Links mentioned in this episode:
- w2capitalist.com/shop/
- https://www.facebook.com/groups/REIforTheW2/
Juan Deshon was a Receiving a Bachelor’s degree in Finance at the University of Houston when he went full time with Quest Trust in 2018. In this industry for just 3 years Juan has also accomplished receiving a title of Certified IRA Services professional (CISP), from the Institute of Certified Bankers. While at Quest, Juan has presented to groups of real estate investors wanting to learn more about their possibilities and opportunity in the retirement space across Houston. Throughout his time with Quest he has provided world class customer service, quality education and fun to our Quest team. As an IRA Specialist with Quest Trust Company, based out of the Houston Corporate office, Juan is one of the specialists who interact with the Quest clientele on a day to day basis. With over 16,000 clients at Quest, there is no question Juan has received he has not seen , answered or been tasked to resolve. Juan loves to smoke meat on the weekend, hangout with friends and his labradoodle Goose.
CONNECT WITH JUAN:
- http://w2cap.questtrust.com
- 855-FUN-IRAS
KEY TAKEAWAYS:
- Why would you want an SDIRA, who can use them? Anyone can use? Age matter?
- What is an SDIRA, what is the concept, high level?
- Roth IRA vs Self Directed IRA
- Why one versus the other? Do most people do both?
- Any tax Reporting?
- How can this benefit me today?
Episode Sponsor:
- http://w2cap.questtrust.com
Links mentioned in this episode:
- w2capitalist.com/shop/
- https://www.facebook.com/groups/REIforTheW2/
***Mike Hambright*** is a veteran real estate investing entrepreneur that has rehabbed and wholesaled ~400 houses, and has built a rental portfolio consisting of single-family properties and an ownership stake in over $35M of multi-family investments. In addition to his extensive investing experience, he is the founder of FlipNerd.com and has produced over 1,500 video podcasts (with millions of views and downloads).
Mike has coached hundreds of real estate investors directly, thousands indirectly, and is a sought after advisor to many of America's top real estate investors through his Investor Fuel Real Estate Mastermind, a leading organization of over 100 of the nation's leading investors. Additionally, Mike is the co-founder of Investor Machine, a cutting edge, data-driven lead generation agency for real estate investors.
Mike is a husband to Lindsay and a father to Jake.
**CONNECT WITH MIKE:**
- Mike@flipnerd.com
- @MLHambright on Facebook
- @TheMikeHambright on Instagram
- flipnerd.com
- theInvestorMachine.com
- InvestorFuel.com
KEY TAKEAWAYS:
- Corporate Refugee from a Blue Collar Upbringing
- Having No Control of Your Future
- Do You Push your kid to go college?
- Investor Machine
Episode Affiliate:
- https://w2capitalist.com/affiliates/
Links mentioned in this episode:
- w2capitalist.com/shop/
- https://www.facebook.com/groups/REIforTheW2/
Garrett Gunderson tackles a topic (business growth, success, and prosperity) that is critically important, yet normally neglected by most business owners (mostly due to the painfully boring presenters in this field).
As the Founder of an Inc. 500 firm and author of multiple WSJ bestselling books and hit the NY Times with Killing Sacred Cows.
A regular on ABC’s Good Money, he has also been interviewed by Neil Cavuto on Fox, was kicked off CNBC, has been featured in over a thousand radio interviews, been a guest on hundreds of podcasts and is also a paid contributor for Forbes.
He has spoken at MIT, multiple times.
If you want to transform your thoughts into profits, keep way more of what you make, keep and grow your money without sacrifice or delay...
Garrett is your guy.
**CONNECT WITH GARRETT:**
- billionairesmethod.com
KEY TAKEAWAYS:
- The Rockefeller's Attorney's reached out
- The Family Retreat Structure
- Not Worried About Net Worth, Focus on Economics
- From Blue Collar beginnings to being labeled as the "Financial Genius"
- The Amusement Park for his Kids
- The Cash Flow Index
- Tuition based CPA
- Liberate One Million Entrepreneurs
Episode Affiliate:
- https://w2capitalist.com/affiliates/
Links mentioned in this episode:
- w2capitalist.com/shop/
- https://www.facebook.com/groups/REIforTheW2/
Jay Helms served the Information Technology industry since 2001 with a most recent exit (2020) from the W2 world to focus on Real Estate Investing full time. Jay has earned several educational accolades: B.S. Computer Science (Jacksonville State University, 2001), Masters Business Administration (New York Institute of Technology, 2005) and Certified Project Management Professional (Project Management Institute, 2008) to produce a record of seamlessly driving complex projects to completion while balancing tight resource and time constraints. A savvy relationship builder with a proven track record of forging partnerships and driving account performance to the next level.
Jay started actively investing in Real Estate in 2014 and with a mix of single & multi-family homes and since has grown his real estate portfolio to over 320 units across 4 states. Recently he has started giving back to the real estate community by hosting the movement at www.W2Capitalist.com where the mantra EARN. INVEST. REPEAT. is helping every W2 Employee realize they can build legacy wealth through real estate investing AND have a successful and fulfilling W2 job. Jay and his wife Cassie have one son and two daughters.
CONNECT WITH JAY:
- jay@w2capitalist.com
- Social Media: @w2capitalist
KEY TAKEAWAYS:
- The Backstory
- What I Wanted to Accomplish
- I Hit This Wall
- The Epiphany
- The Plan
- The Conflicts
- The Achievement
- The Transformation
Episode Affiliate:
- https://w2capitalist.com/affiliates/
Links mentioned in this episode:
- w2capitalist.com/shop/
- https://www.facebook.com/groups/REIforTheW2/
Ryan Gibsonis the CEO and co-founder of Spartan Investment Group, LLC. Ryan has grown his business to over 5,000 units and 30+ employees. Ryan has raised over $30M from investors for real estate projects ranging from ground up development to cash flowing self-storage facilities. Ryan’s company focuses on providing investment opportunities for individual investors in the commercial real estate space, primarily in self-storage.
Ryan is also an airline pilot and graduated from Mercyhurst University with a bachelor’s degree in Business, with concentrations in Marketing, Management, and Advertising. In his free time Ryan enjoys spending time outdoors with his family in the Pacific Northwest and serves on the Board of trustees at his alma mater.
CONNECT WITH RYAN:
- https://spartan-investors.com
KEY TAKEAWAYS:
- Starting the Journey to 5,000 units
- Airplane pilot, his advantage
- Easy to own, easy to evict and easy to operate
- Market Study is Key
- Storage is a 10-minute Drive time.
- Self-storage has performed the best out of any asset class in the last 2 recessions
- What scares you about the self-storage
- What is a market you're super excited?
- The nice thing about RE, you're not in the stock market. The nice thing about the stock market, you're not in real estate.
Episode Affiliate:
- W2 Capitalist Affiliates: https://w2capitalist.com/affiliates/
Links mentioned in this episode:
- W2 CAP SWAG: https://w2capitalist.com/shop/
- W2 CAP Community: https://www.facebook.com/groups/REIforTheW2/
Mark Willis is a man on a mission to help you think differently about your money, your economy, and your future. After graduating with six figures of student loan debt and discovering a way to turn his debt into real wealth as he watched everybody lose their retirement savings and home equity in 2008, he knew that he needed to find a more predictable way to meet his financial objectives and those of his clients.
*Mark is a CERTIFIED FINANCIAL PLANNER, a two-time #1 Best Selling Author, and the Owner of Lake Growth Financial Services, a financial firm in Chicago, Illinois. Over the years, he has helped hundreds of his clients take back control of their financial future and build their businesses with proven, tax-efficient financial solutions. He specializes in building custom-tailored financial strategies that are unknown to typical stock jockeys, attorneys, or other financial gurus.*
As co-host of the Not Your Average Financial Podcast, he shares some of his strategies for investing in real estate, paying for college without going broke, and creating an income in retirement you won’t outlive. Mark works with people who want to grow their wealth in ways that are safe and predictable, to become their own source of financing, and create tax-free income in retirement.
**CONNECT WITH MARK:**
- w2capitalist.com/bank
- http://nyafinancialpodcast.com
KEY TAKEAWAYS:
- Creative Real Estate Funding Solutions
- When You Are An Employee, Your Money is Your Boss
- How to Use Cash For Your Advantage
- What's the one thing your money can do for you?
- Insane Way to Handle Your Money
- I'd Much Rather have Tiger Woods' Golf Swing than Tiger Woods' golf clubs
- Design the Perfect Debt Pay Off Instrument
- Work with a Bank on Yourself Professional
- Is it possible Dave Ramsey is wrong?
- Life is like a roll of toilet paper.
Episode Affiliate:
- https://w2capitalist.com/affiliates/
Links mentioned in this episode:
- w2capitalist.com/shop/
- https://www.facebook.com/groups/REIforTheW2/
Anette Talie was born and raised in Lima Perú, moved to Florida to fulfill her life dream of studying abroad. She transferred and received her Bachelor of Architecture from Florida Atlantic University. In her 18 years in architecture, Anette has acquired a broad range of experience in architectural design, construction and effective project management on a wide variety of project types.
Due to the financial crisis and great recession, in 2010 Anette started looking for other options, besides Architecture, to reach financial freedom and realized her goal of being a stay-at-home-mom. This is how in 2011, Anette finds a job managing properties for a foreign investor and in 2012 she acquires her first investment property.
Now-a-days, Anette balances her family life, her career as a commercial Architect and the management of 31 units including her personal portfolio of 12 units. She recently started investing out-of-state, where she holds 4 units with a partner and are under contract for 24 more. Her goal is to continue to grow her portfolio and partner with other investors in larger deals.
Anette Talie is the host of South Florida Multifamily and More facebook group with over 2,300 active members and holds a Meetup the 3rd Tuesday of the month in Ft. Lauderdale. Additionally, she is the Co-host of the W2 Capitalist Mastermind Group. Her latest project is her recently launched Podcast “Real Estate Deal Closers Show” and Video Series “3 Expert Tips”.
CONNECT WITH ANETTE:
- TalieInvestments.com
- Real Estate Deal Closers Podcast
KEY TAKEAWAYS:
- Don't Jump on the Buying Bandwagon
- everybody's doing it
- FOMO
- Do Your Homework Before Investing
- Actively Been Investing since 2013
- How to Make it Through A Recession Mentally
- What happened to the BiggerPockets of 2013?
Episode Affiliate:
- https://w2capitalist.com/affiliates/
Links mentioned in this episode:
- w2capitalist.com/shop/
- https://www.facebook.com/groups/REIforTheW2/
DR. MIRANDA PHILLIPSis the co-founder of Elite Wealth and Wellness. She is an entrepreneur, investor, philanthropist, international speaker. Dr. Phillips started practicing medicine in 2009 after graduating medical school with a 4.0 GPA and her love for helping others continues to grow.
With a thorough understanding of the codependent relationship between mental and physical health, she has pushed herself hard to find both her intellectual and physical limits. From setting NCAA intercollegiate women’s soccer records that still stand today to becoming financially free and independent by her mid-30s to spending time thousands of feet above and below sea level all across the world, her adventures and achievements have taught her many beneficial lessons in life in addition to granting her a unique perspective of humanity and the world. She has always been fascinated by the life stories of others and has enjoyed spending many years coaching physicians and other leaders to success in their own lives. “There are fundamental concepts that are essential to know in order to live a life of success and fulfillment.”
While remaining focused on her goals, she has enjoyed diversified experiences such as international medical mission work, scuba diving, piloting small airplanes, hiking dangerous coastlines, starring on international television, and being a mom and wife.
She stands by her lifelong physician oath to ‘Do No Harm’ as she continues fulfilling her mission of creating wealth and wellness for all, in the name of life, liberty, and justice.
CONNECT WITH MIRANDA:
- Elite Wealth & Wellness on YouTube
- miranda@elitewealthandwellness.com
KEY TAKEAWAYS:
- How are wealth and wellness intertwined?
- Physical Health: Sleep, Diet and Exercise
- Time Blocking
- As a busy professional how do I juggle staying physically and mentally healthy?
- Define Physical Activity
- Pay Attention to Both Physical and Mental Health
- Thoughts on Cold Water Showers, Ice Plunges, and Wim Hof Breathing Method
- Practice Mental Focus - Meditate
- Celebrate the positive experiences in life
- Enjoy Meaningful Connections with your Spouse
- surround yourself with the right people - when's the last time you had a bad day?
- Where are we headed with COVID19?
Episode Affiliate:
- W2 Capitalist Affiliates
Links mentioned in this episode:
- EARN. INVEST. REPEAT. SWAG
- The W2 CAPITALIST COMMUNITY
At 27 years old, Rachel Richards** quit her job and retired, living off over $10,000 per month in passive income. Rachel has made a name for herself in the personal finance realm. She is the bestselling author of Money Honey and Passive Income, Aggressive Retirement. She has been featured on the Penny Hoarder and the New York Times and contracted to speak at colleges. Her valuable lessons have helped thousands of female millennials work their way out of financial despair. She has successfully done what no one has done before: made the topic of money management fun, entertaining, and simple.
Rachel has a Bachelor of Science in Financial Economics from Centre College. She has held roles as a financial advisor, a real estate analyst, and a senior finance analyst.
Rachel is based in Colorado with her husband and dog.
CONNECT WITH RACHEL :
- https://www.moneyhoneyrachel.com
KEY TAKEAWAYS:
- MONEY HONEY - A Simple 7-Step Guide for Getting Your Financial Shit Together.
- Tips for Saving More Money
- Lifestyle Creep
- Why do Most People Go Directly To Tips on Increasing Earnings
- Income Diversification
- Transform Your Mindset That You CAN Have Multiple Streams
- Tips for Starting Investing
- The Compound Effect
- The Property Management Scandal
- Passive Income, Aggressive Retirement
Episode Affiliate:
- W2 Capitalist Affiliates
Links mentioned in this episode:
- MONEYHONEYRACHEL.COM/BONUS
- 10 STEP GUIDE TO BUYING AND HOLDING A SMALL MULTI-FAMILY
- EARN. INVEST. REPEAT. SWAG
- The W2 CAPITALIST COMMUNITY
Terry Judgeis a is the Founder and CEO of CORE Solutions Group, LLC. He is the visionary behind the brand and oversees much of the growth and strategic business planning. Terry has an extensive entrepreneurial background with over 25 years in business ownership and is one of the early adapters of engineering-based cost segregation studies, as well as other highly specialized tax credits and incentives. He has a passion for educating people in the commercial and multi-family space on how to maximize cash flow and take full advantage of the everchanging tax code. Terry speaks nationally and has published several white papers on the magic of cost segregation. Terry has both a tax and engineering background and over the last 14 years, along with his team, have completed thousands of engagements that has yielded over a BILLION DOLLARS in NET TAX SAVINGS. Today, Terry and his firm CORE, are blessed to work with so many of the top accounting, real estate firms as well as the brand new investor who just purchased their first multi family investment property! Terry is a firm believer in giving back and supports several local charities in Detroit through its newly formed charitable arm, called CORECARES.
CONNECT WITH TERRY :
- tjudge@coreadvisors.net
KEY TAKEAWAYS:
- The Forbes Article
- What is Cost Segregation
- Straight-line Depreciation vs Cost Segregation
- When can You initiate a cost Segregation
- Cost Segregation is for $500k Purchase Price and above
- What does Cost Segregation Do for returns in a MF
- Cost Segregation Criteria
- IRS Recapture
- How the Cost Segregation Misused
- How to start the Cost Segregation Process
- Convince my CPA I need to do a cost Segregation or do Find a new CPA
- Time value of money and the speculation that inflation is coming with all the money the fed is pumping into the economy
Episode Affiliate:
- W2 Capitalist Affiliates
Links mentioned in this episode:
- EARN. INVEST. REPEAT. SWAG
- The W2 CAPITALIST COMMUNITY
Amy Mahjoorygot her start as a part time investor while still working a full time job at Dell. She went on a quest for knowledge and focused on surrounding herself with some of the most dynamic and dedicated entrepreneurs, mentors, peers, employees and investors. As a restful of her immediate success (and failures), Amy began coaching and mentoring real estate investors all over the country on the networking strategies, systems and tools she implemented in order to raise over $16 Million in private money.
CONNECT WITH AMY:
- amymahjoory.com
- raisingcapitalforyourbusiness.com
KEY TAKEAWAYS:
- From $87k at Dell to $120k in REI
- The power of coaching and mentorship
- Make responsible mistakes in college (what we're telling our kids)
- Hire dozens of mentors and coaches
- The current economic climate and what that means for raising money
- You make money when you buy, you realize your profits when you sale.
- What's next for Amy
Episode Affiliate:
- W2 Capitalist Affiliates
Links mentioned in this episode:
- EARN. INVEST. REPEAT. SWAG
- The W2 CAPITALIST COMMUNITY
Tyler Jensen is an avid Real Estate Investor, International House Flipper, Philanthropist, Coach, Husband, and Father to three amazing boys. He has been flipping houses for more than 10 years. He started flipping houses in college and has never looked back. He loves real estate and gets satisfaction from taking an old dumpy crack house and turning it to something truly amazing that a family will be able to create memories in as their new home.
Tyler has built a great business and has one of the best flipping companies in the country. His systems and processes for flipping houses has been raising the bar for other investors. He loves coaching and helping others pursue their dreams and passions in real estate. Tyler has also coordinated several charity projects both locally and internationally. From donating a rehab to a local single mom for Christmas to building houses in the Dominican Republic. He is truly a "Go-Giver" and has a love for using his skill to bless the lives of others. He loves giving back and loves pushing the envelope on rehabbing houses.
CONNECT WITH TYLER:
- https://www.facebook.com/tyler.jensen.75685
- https://www.utahhouseflip.com
- https://www.youtube.com/channel/UC5VZN4W4WcK52RCG8YEU09A
KEY TAKEAWAYS:
- Flipping Houses part-time in college
- COO with 127 employees; financial accountant
- You can have both - money & freedom
- Flipping 6 houses part-time at the W2
- Follow your passion
- Typical Partnership with a GC
- How does flipping give you time freedom?
- 30 Flips in 2019, 12 flips in progress, 40 flips in 2020
- Where is the market and economy headed and how is that changing your lead process
- Know your end buyers
- How do you determine there is a housing shortage?
- How did you handle the mental shift, From 80+ hours a week at the W2 to 4-5 hours a week with flipping.
- TV SERIES on YOUTUBE
Episode Affiliate:
- W2 Capitalist Affiliates
Links mentioned in this episode:
- EARN. INVEST. REPEAT. SWAG
- The W2 CAPITALIST COMMUNITY
Kim Daly is one of America’s Top Franchise Consultants who has helped thousands of people explore franchise opportunities. For over 20 years, she has traveled the country as a keynote speaker and business break out leader and has hosted her own live events educating, motivating and inspiring Americans to the dream of small business ownership through the proven systems of a franchise.
Prior to becoming a franchise consultant, Kim ran her own health & fitness based consulting firm and worked with Dr. Denis Waitley, Denise Austin, eDiets. com, Gold’s Gym and many other national health and wellness brands. She launched the first health and fitness marketplace at USATODAY.com called BeHealthyNow. She was a personal trainer in college and a Miss America contestant. She graduated Summa Cum Laude with a degree in Nutritional Biochemistry and a minor in sports nutrition.
Kim has been a business owner for 20 years. She has the wisdom that comes from experience and combines that with her knowledge of the franchise industry and passionate personality to inspire people to achieve their dream of business ownership. In all her pursuits, she desires to be a role model and influence others to live their best life!
**Connect with Kim:**
- kim@thedalycoach.com
- thedalycoach.com
Key Takeaways:
- What is a Franchise?
- What does it mean to be a franchise consultant?
- Can I franchise the W2 capitalist?
- Work on your business and not in your business
- What is the most popular industry to own a franchise?
- What is the most successful industry to own a franchise?
- Kim's services are free for the candidate
- What is a FDD?
- Do most investors or franchise owners own in the same industry or do they diversify?
- Kim's Ideal Candidate
- Franchoice
Episode Affiliate:
- W2 Capitalist Affiliates
Links mentioned in this episode:
- EARN. INVEST. REPEAT. T-shirts
- Real Estate Investing for The W2 Employee Facebook Group
Feras Moussa is an entrepreneur at heart with a tech background. Feras graduated from the University of Texas with a Computer Science degree, and worked at Microsoft straight from college. Feras later quit Microsoft to ‘bring tech to industries that lack it’, where he later found his passion for real estate. Feras quickly built a portfolio of rentals, completing 9 closings in his first 12 months. After having seen the results of rentals, Feras later decided to scale up into apartment complexes, where he met Ben and started Disrupt Equity, a company focused on multi-family acquisition and investments for investors, and in doing so, help leverage his strengths in tech to better identify quality investments for investors. Feras has helped raise millions of dollars for multifamily syndication.
Connect with Feras :
- feras@disruptequity.com
- disruptequity.com
- Feras on LinkedIn
Key Takeaways:
- Most Engineers are Investors
- Leaving the W2 world for REI
- Vetting Tips for Passive Investors
- Align your goals with the Syndicators
- Feras' portfolio = 1500 current units, few deals have gone full cycle
- typical deal structured = Preferred Return
- full cycle; married for 4-5 years
- Under promised and over deliver
- Multifamily is a cash flow business, Single Family is an emotional decision.
- Debt is the best indicator of how strong the MF market is.
- How COVID19 and the growing remote work force will affect the more companies who are now going to be open to work from home
- What is a true cap?
Episode Affiliate:
- W2 Capitalist Affiliates
Links mentioned in this episode:
- EARN. INVEST. REPEAT. T-shirts
- Real Estate Investing for The W2 Employee Facebook Group
Mark Hentemann is an Emmy-nominated writer/producer and an original writer on the show Family Guy. After struggling as a starving artist, he used his first script payments to buy a duplex as a hedge against the uncertainties of an entertainment career. Real estate became a passionate side-hustle, and he’s since built an $80 million multifamily portfolio in Los Angeles and Austin, TX, founded Quantum Capital, and hosts The Wild West Real Estate Podcast.
He continues to write/produce and voice act on Family Guy, has created shows for Fox and MTV and written for movies. His mission is to help people achieve financial freedom through real estate so they don’t have to become television writers.
**Connect with Mark :**
* quantumcapitalinc.com
- mark@quantumcapitalinc.com
-
The Wild West Real Estate Podcasts (Apple, Stitcher, Spotify)
Key Takeaways:
-
Converting Script Payments to Real Estate Payments
- House Hacking before it was cool
- Becoming an accidental landlord
- Look for transitioning neighborhoods
- Learn how to evaluate deals before you make an offer
- Taking $500k out tax free
- better to buy during a collapse than sell at the top.
- Finding the Value Adds in an expensive market
- How many parcels are in your county?
- Mindset - focus on more cash flow
- How to find partners
- FOMO
Episode Affiliate:
- W2 Capitalist Affiliates
Links mentioned in this episode:
- EARN. INVEST. REPEAT. T-shirts
- Real Estate Investing for The W2 Employee Facebook Group
Brody HoughOakesis a Merchant Marine, member of the W2 Capitalist Mastermind and "newbie" real estate investor. Brody runs an AirBnB in his primary residence and is looking to wholesale his first deal very soon.
Connect with Brody:
- brody@frontlinehomeinvestors.com
Key Takeaways:
- Knocking on 100 Doors in a weekend
- Best form of communication is face to face
- Best Job to have to invest in real estate
- Apps for newbies
- 3 Things to Bring to a Deal: Money, Time & Experience
Episode Affiliate:
- W2 Capitalist Affiliates
Links mentioned in this episode:
- EARN. INVEST. REPEAT. T-shirts
- Real Estate Investing for The W2 Employee Facebook Group
Aaron Fragnito is Co-Founder of Peoples Capital Group (PCG) which holds a $10M portfolio, host of New Jersey Real Estate Network, a licensed NJ Realtor and a full time real estate investor. Aaron has completed over 250 real estate transactions, totaling more than $40,000,000 in Real Estate in his career.
Peoples Capital Group (PCG) works with qualified investors to create passive returns through local commercial real estate. The owners of PCG are experienced in locating discounted apartment buildings for sale in Northern NJ and implementing a value add strategy to create max returns for their silent investors.
Connect with A-A-Ron:
- aaron@peoplescapitalgroup.com
- peoplescapitalgroup.com
Key Takeaways:
- Initial Goals: $100k in Passive Cash Flow & $1 Million Net Worth
- Spring Market is where Flippers Make Their Money
- Finding Exclusive Off-Market Deals
- Syndication Deal Structure
- Raising Money = Building Relationships
- Best Way to Handle Distributions
Episode Affiliate:
- W2 Capitalist Affiliates
Links mentioned in this episode:
- EARN. INVEST. REPEAT. T-shirts
- Real Estate Investing for The W2 Employee Facebook Group
Bill Allen is a Navy pilot and real estate professional, is the CEO and owner of 7 Figure Flipping, where he leads the top house flipping and wholesaling mentoring groups in the nation. Just a few years ago, he was stuck flipping 1 or 2 houses per year and doing all the work himself, but since then, he’s built a systematized business that runs without him and has begun showing other investors how to do the same. In 2019, after running mastermind groups and events as the COO, Bill purchased the training and development company, House Flipping HQ.
Bill founded Blackjack Real Estate, LLC in 2015 with the mission of helping homeowners sell their homes for cash. The company started in Pensacola, FL and over time has expanded to Chattanooga and Nashville, TN and Huntsville, AL. Its strategic business plan allows them to remain incredibly fair with cash offers while still remaining profitable and creating valuable partnerships with local contractors, real estate professionals, and wholesalers. Based out of Nashville, TN, Bill and his team currently flip and wholesale 200+ deals per year in Tennessee and northern Florida. What began as a one-man operation has quickly become a team of 12+ members who are experts in their fields and passionate about real estate and helping others.
Connect with Bill:
- https://7figureflipping.com
Key Takeaways:
- What to do with The Cup Overflow-eth
- Delegate to Elevate Yourself
- Where is the market now and where is it going?
- Spend money to make money with a $40k/month marketing budget
- Being Laser focused
- Goals change
Episode Affiliate:
- W2 Capitalist Affiliates
Links mentioned in this episode:
- EARN. INVEST. REPEAT. T-shirts
- Real Estate Investing for The W2 Employee Facebook Group
Flipper and Wholesaler Bill Allen from 7FigureFlipping
The W2 Capitalist exists to help you realize you can build wealth for you and your family through real estate investing while climbing your way to the top of the corporate ladder.
WE SUPPORT Operation Underground Railroad. O.U.R. exists to abolish child sex trafficking, which affects ~2 million children worldwide, most in our states, counties and cities. To Donate you can text W2CAP to 41404 or visit our fundraiser page: Either option will provide you free access to the 1st ever W2 Capitalist REI Virtual Summit replays . Donate $150 and I'll send you a FREE, super comfy EARN. INVEST. REPEAT t-shirt. Donate $200+ and I'm sending you a FREE SWAG BAG with everything from our store (while supplies last). Just email your receipt, t-shirt size and best shipping address to me: jay @ w2capitalist.com
Jake Stenziano and Gino Barbaro [ www.jakeandgino.com ] from Wheelbarrow Profits present at the W2 Capitalist Real Estate Virtual Summit to benefit O.U.R. [ w2capsummit.com].
Topic: Investing in Multifamily Real Estate
The W2 Capitalist [w2capitalist.com] exists to help you realize you can build wealth for you and your family through real estate investing while climbing your way to the top of the corporate ladder.
WE SUPPORT Operation Underground Railroad. O.U.R. exists to abolish child sex trafficking, which affects ~2 million children worldwide, most in our states, counties and cities. To Donate you can text W2CAP to 41404 or visit our fundraiser page. Either option will provide you free access to the 1st ever W2 Capitalist REI Virtual Summit replays . Donate $150 and I'll send you a FREE, super comfy EARN. INVEST. REPEAT t-shirt. Donate $200+ and I'm sending you a FREE SWAG BAG with everything from our store (while supplies last). Just email your receipt, t-shirt size and best shipping address to me: jay @ w2capitalist.com
Holly Morphew [ www.financialimpact.com ] presents at the W2 Capitalist Real Estate Virtual Summit to benefit O.U.R. [ w2capsummit.com]. Topic: What is Your Financial Impact Number?
The W2 Capitalist [w2capitalist.com] exists to help you realize you can build wealth for you and your family through real estate investing while climbing your way to the top of the corporate ladder.
Multifamily Investor Chris Jackson [ sharplineequity.com ] presents at the W2 Capitalist Real Estate Virtual Summit to benefit O.U.R. [ w2capsummit.com].
Topic: Introverts Invest in MF Real Estate
The W2 Capitalist [w2capitalist.com] exists to help you realize you can build wealth for you and your family through real estate investing while climbing your way to the top of the corporate ladder.
Jim Ingersoll presents at the W2 Capitalist Real Estate Virtual Summit to benefit O.U.R. [ w2capsummit.com].
Topic: Your Network is Your Net Worth
The W2 Capitalist [w2capitalist.com] exists to help you realize you can build wealth for you and your family through real estate investing while climbing your way to the top of the corporate ladder.
Asset Protection Strategist Aaron Young [ corpveilprotection.com ] presents at the W2 Capitalist Real Estate Virtual Summit to benefit O.U.R. [ w2capsummit.com].
Topic: Piercing the Corporate Veil
Tax Free Investor Specialist Juan Deshon [ questtrustcompany.com ] presents at the W2 Capitalist Real Estate Virtual Summit to benefit O.U.R. [ w2capsummit.com].
Topic: Using a Self-Directed IRA – The Road to Tax FREE Wealth
Passive Income Expert Jennifer Beadles [ agentsinvest.com ] presents at the W2 Capitalist Real Estate Virtual Summit to benefit O.U.R. [ w2capsummit.com}
Topic: 9 Steps to Build Six Figures of Passive Income The W2 Capitalist [w2capitalist.com] exists to help you realize you can build wealth for you and your family through real estate investing while climbing your way to the top of the corporate ladder.
Ryan Michleris The Man, The Beard, The Guy behind the manliest podcast on the planet, Order of Man. If it weren't for Ryan and his movement, the W2 Capitalist wouldn't exist as it does today. Ryan is also responsible for introducing me to Operation Underground Railroad.
Connect with Ryan:
- OrderofMan.com
- Sovereignty - The Battle for the hearts and minds of men.
Key Takeaways:
- What does it mean to Protect. Provide. Preside?
- Find your purpose
- "We have gone away from being strong, rugged, independent and tough to a collection of wimpy dependent whiners."
- What does it mean to be a man?
Episode Affiliate:
- W2 Capitalist Affiliates
Links mentioned in this episode:
- EARN. INVEST. REPEAT. T-shirts
- Real Estate Investing for The W2 Employee Facebook Group
Time to take some action and put these theories to test, they have worked for me.
Post your challenge results in the Real Estate Investing for The W2 Employee Facebook Group
Episode Affiliate:
- W2 Capitalist Affiliates
Join Jay Helms (W2 Capitalist) and Garry McIntosh (Operation Underground Railroad) as they talk about saving children from sex trafficking and what everyone can do to help. It’s his goal to raise global awareness that this issue persists that about 2 million children are still in the hands of traffickers. Garry explains how often this happens, how people end up being a trafficker, and how they get in contact with children. He details what OUR is doing to save these kids, who they’re working with, and how one could help make a difference.
By the end of this episode, you will acquire more awareness of trafficking, learn how to be vigilant, and know what to do when you identify it. Enjoy!
About Operation Underground Railroad (OUR):
Since being founded in December 2013, we've gathered the world's experts in extraction operations and in anti-child trafficking efforts to bring an end to child slavery. O.U.R.'s Ops Team consists of former CIA, past and current law enforcement, and highly skilled operatives that lead coordinated identification and extraction efforts. These operations are always in conjunction with law enforcement throughout the world.
Once victims are rescued, a comprehensive process involving justice for the perpetrators and recovery and rehabilitation for the survivors begins.
It is time for private citizens and organizations to rise up and help. It is our duty as a free and blessed people.
Facebook: https://www.facebook.com/OURrescue
Twitter: https://twitter.com/ourrescue
Instagram: https://www.instagram.com/ourrescue/
Website: http://ourrescue.org/
Connect with Garry:
- garry@ourrescue.org
Episode Affiliate:
- W2 Capitalist Affiliates
Links mentioned in this episode:
- W2 Capitalist 2020 FundRaiser for O.U.R.
- EARN. INVEST. REPEAT. T-shirts
- Real Estate Investing for The W2 Employee Facebook Group
Time to take some action and put these theories to test, they have worked for me.
Post your challenge results in the Real Estate Investing for The W2 Employee Facebook Group
Episode Affiliate:
- W2 Capitalist Affiliates
Time to take some action and put these theories to test, they have worked for me.
Post your challenge results in the Real Estate Investing for The W2 Employee Facebook Group
Episode Affiliate:
- W2 Capitalist Affiliates
Time to take some action and put these theories to test, they have worked for me.
Post your challenge results in the Real Estate Investing for The W2 Employee Facebook Group
Episode Affiliate:
- W2 Capitalist Affiliates
Anton Ivanov *is a US Navy veteran, real estate investor and entrepreneur with a 40 unit rental portfolio spread out across 4 states. His portfolio generates over $12,000 in monthly passive income, and requires less than 1 hour a week to manage.
Anton is also the founder of DealCheck - the leading real estate analysis platform for quickly analyzing and comparing rental properties, flips and commercial buildings. DealCheck is used by over 100,000 real estate investors, agents and professionals worldwide.*
Connect with Anton:
- anton@dealcheck.io
Key Takeaways:
- Anton's Portfolio
- Have your spouse on board
- Market Selection Strategy
- Rent to Price ratio: 1-2%
- Finance or non-finance
- What would you do with $12k more per month?
- When will you exit the W2 world?
- Deal Check
- Where is the 2020 market headed?
Episode Affiliate:
- W2 Capitalist Affiliates
Links mentioned in this episode:
- EARN. INVEST. REPEAT. T-shirts
- Real Estate Investing for The W2 Employee Facebook Group
Time to take some action and put these theories to test, they have worked for me.
Post your challenge results in the Real Estate Investing for The W2 Employee Facebook Group
Episode Affiliate:
- W2 Capitalist Affiliates
Chris Jackson is Principal and Managing Partner at Sharpline Equity. Chris is responsible for all operational strategy, systems design and process implementation. Chris specializes in finding underperforming multifamily assets with high upside opportunities. Chris is based on the North Fork of Long Island, applies the management and efficiency principles that Jackson has acquired over the last 15 years as an Information Technology consultant. Chris’s career, specializing in operational efficiency to maximize profitability, has spanned a wide range of disciplines but has mainly been focused on servicing the legal industry. He has provided strategic and tactical implementation of a suite of efforts including cybersecurity, project management, vendor selection, personnel selection and mentoring, and software architecture.
Connect with Chris:
- sharplineequity.com
- Chris Jackson on Facebook | Linkedin
- MultifamilyUnveiled Private FB group
Key Takeaways:
- 10 years investing, left the W2 couple years ago
- Growing Out of that Introvert Personality
- Fulfilling my 21 year old's self's dream
- Sharpline Equity = based in NY but your current portfolio mixup is in the Southeast, let’s talk about that for a minute.
- I noticed you have one property in Foley, AL…right around the corner from me, let me know if you ever make it down for an inspection.
- The best business card.
- What is market blur?
- You have to buy right.
- Looking for the Value Add
- CapEx Spend - Outside / In approach
- Adding Value to predictable cash flow
- Efficient Underwriting - get a quick no
- Sharplineequity.com
- What's up with the Pre-1975 properties
- Where’s the market headed?
Episode Affiliate:
- W2 Capitalist Affiliates
Links mentioned in this episode:
- EARN. INVEST. REPEAT. T-shirts
- Real Estate Investing for The W2 Employee Facebook Group
Time to take some action and put these theories to test, they have worked for me.
Post your challenge results in the Real Estate Investing for The W2 Employee Facebook Group
Episode Affiliate:
- W2 Capitalist Affiliates
Dr. Vanessa Peters is the founder of VMD Investing and has been investing in real estate for 11 years in single-family homes, commercial retail, apartment communities, short-term rentals, self-storage and manufactured home parks. She has invested in over 2500 units across 11 properties and 4 funds.
She is passionate about helping busy professionals build wealth through passive, income-producing real estate that provides attractive returns and a proven roadmap to financial freedom.
She is the author of The Busy Professional's Guide to Passive Real Estate Investing - A physician's path to building wealth, creating financial freedom & leaving a legacy.
Vanessa Peters earned her medical degree at the University of Calgary, Alberta, Canada and moved to the US from Canada in 2002. Dr. Peters is a Family Physician and Chief Physician Officer for Graybill Medical Group, a primary care owned medical group in North San Diego County with 12 locations and 80+ providers.
She is involved in her community and is on the Board of Directors for Interfaith Community Services, a nonprofit that focuses on reducing homelessness in San Diego County. She lives in Escondido with her husband and son and enjoys hiking, traveling and yoga.
**Connect with Vanessa:**
- vanessa@vmdinvesting.com
Key Takeaways:
- Becoming an accidental landlord
- Doing your Due Diligence on Syndicators
- 2500 Doors in 9 Properties in at least 4 states
- Leveraging $$$ to acquire time
- What's in store for you in 2020
- Accredited vs. Sophisticated Investors
Episode Affiliate:
- W2 Capitalist Affiliates
Links mentioned in this episode:
- vmdinvesting.com/book
- EARN. INVEST. REPEAT. T-shirts
- Real Estate Investing for The W2 Employee Facebook Group
Ken Coleman is a #1 national best-selling author and nationally syndicated radio host of The Ken Coleman Show. Pulling from his own personal struggles, missed opportunities and career successes, Coleman helps people discover what they were born to do and provides practical steps to make their dream job a reality. The Ken Coleman Show is a caller-driven career show that helps listeners who are stuck in a job they hate or searching for something more out of their career. His second book, The Proximity Principle: The Proven Strategy That Will Lead To The Career You Love, released May 2019.
Connect with Ken:
- KenColeman.com
- Twitter & Instagram
- facebook.com/kenColemanShow
Key Takeaways:
- My love/hate relationship with Ramsey’s baby steps to financial freedom
- What is The Proximity Principle and who is it for?
- How to find the right career?
- Find the Intersection of Talent, Passion, Mission
- What’s your one word descriptor?
- 7 Stages
- Fear in change of the W2 and fear in buying investment properties
- Best advice for someone who is comfortable
- Life is to short to have a boring 9-5
Episode Affiliate:
- W2 Capitalist Affiliates
Links mentioned in this episode:
- EARN. INVEST. REPEAT. T-shirts
- Real Estate Investing for The W2 Employee Facebook Group
Time to take some action and put these theories to test, they have worked for me.
Post your challenge results in the Real Estate Investing for The W2 Employee Facebook Group
Episode Affiliate:
- W2 Capitalist Affiliates
Pat Hiban is an international best selling author, who was labeled as learning disabled at age 8, his journey to success as a semi-retired New York Times International Best Selling Author of 6 Steps to 7 Figures, radio show host, entrepreneur, and billion-dollar real estate agent was driven by his desire to make a difference in the lives of others.
After being labeled “learning disabled with speech deficiencies” in the 2nd grade Pat struggled through public school and graduated college in 1987 with a 2.6 GPA. After college, Pat jumped into the sales industry with the least barrier to entry – Real Estate !!! In his first year Pat struggled and almost quit making a little over $13,000 in commissions. For the last 30 years Pat has been heavily involved in the Real Estate industry as both, a top agent, broker and investor in residential and commercial properties. Throughout his career he has sold over one billion dollars in Real Estate including over 500 homes in a single year and 14 homes in a single day. He has been recognized by both Re/Max and Keller Williams as their number one agent in the world! In 2010 he sold his team business to his long time partner, Mike Sloan and went on a book tour to promote his book “6 steps to 7 figures : A Real Estate Professional’s Guide to Building Wealth and Creating Your Destiny” . With the help of an introduction written personally by Gary Keller the book went on to sell over 20,000 copies and hit #6 on the New York Times Best Seller List and #1 on Amazon and Barnes and Noble. He is an active investor with over 40 lines of passive income (mostly Real Estate) .In 2014, Pat launched his podcast “Real Estate Rockstars” which has had close to 3 million unique downloads by Real Estate Agents from 108 countries. He currently owns and operates Rebus University and Big Profit Agents which are training platforms for active Real Estate salespeople. He has 2 daughters in their 20’s and resides in Folly Beach South Carolina with his wife of 25 years.
Pat is the author of two books:
- Tribe of Millionaires // What if one choice could change everything?
- 6 Steps to 7 Figures // A Real Estate Professional's Guide to Building Wealth & Creating Your Own Destiny
Connect with Pat:
- GoBundance.com
- TribeofMillionaires.com (free book)
- FamBundance.com
Key Takeaways:
- Get down to Folly Beach, SC. Where?
- Pat's Portfolio Mixup
- Addictive to Investing
- Where's the market headed?
- Find the courage to take action
- College or No College
- Improve Your Circle
- Live a Legendary Life
Episode Affiliate:
- W2 Capitalist Affiliates
Links mentioned in this episode:
- Children of Incarcerated Parents - Baltimore
- EARN. INVEST. REPEAT. T-shirts
- Real Estate Investing for The W2 Employee Facebook Group
Time to take some action and put these theories to test, they have worked for me.
Post your challenge results in the Real Estate Investing for The W2 Employee Facebook Group
Books Mentioned:
- Behavioral Investor by Dr. Daniel Crosby
- Never Go with Your Gut by Dr. Gleb Tsipursky
W2 Capitalist Podcast Episodes Mentioned:
- Behavioral Investor with Dr. Crosby
- Classic Economics is Macro Wrong with Dr. Tsipursky
- Cosmic Justice - Stick to the Merit of the Deal with Dr. Marty Nemko
Episode Affiliate:
- W2 Capitalist Affiliates
Gleb Tsipursky, Ph.D., is on a mission to protect leaders from dangerous judgment errors known as cognitive biases by using business experience, behavioral economics, and cognitive neuroscience to develop the most effective and profitable decision-making strategies. Tsipursky is the author of several books, including:
- The Truth Seeker’s Handbook: A Science Guide
- Never Go With Your Gut: How Pioneering Leaders Make the Best Decisions and Avoid Business Disasters
- The Blindspots Between Us: How to Overcome Unconscious Cognitive Bias and Build Better Relationships (released in April 2020)
Connect with Dr. Gleb (aka Mr. T):
- https://disasteravoidanceexperts.com
- gleb@disasteravoidanceexperts.com
Key Takeaways:
- Why should we listen to Mr. T?
- What is a cognitive neuroscience?
- Behavioral Economics vs. Classical Economics
- Why should we never trust our gut?
- Can you spot a liar?
- Improving Your Circle - Building Better Relationships
- Emotional Cognitive Biases
Episode Affiliate:
- W2 Capitalist Affiliates
Links mentioned in this episode:
- EARN. INVEST. REPEAT. T-shirts
- Real Estate Investing for The W2 Employee Facebook Group
We all have that employee, coworker or investment partner we don't make a priority. Today that changes.
Post your challenge results in the Real Estate Investing for The W2 Employee Facebook Group
Episode Affiliate:
- W2 Capitalist Affiliates
Taylor Peugh is a Cashflow investor in the Charlotte, NC market. He focuses on solving problems for distressed property owners, often using creative financing techniques. He uses these techniques to buy single-family, multi family and businesses. And yep, that's his cell phone #. Text it and tell him what a great job he did on the W2 Capitalist podcast :)
Connect with Taylor:
- Cell Phone: 704-728-7880
- Facebook | Instagram
- Kings in Queen City Podcast
Key Takeaways:
- Having a supportive spouse is KEY
- Invest in 401k or no
- What is the stock market about to do?
- When to File an Eviction Notice
- Hire a Professional Property Manager
- Our kids have such a different life than we did at their age
- Utilizing Grubhub, Uber, UPS drivers as your birddogs
- Fired once and laid off twice by the same company in a week’s time frame
- Find a millionaire investor and basically insert yourself into a paid mentorship
- Investing with your family
- OUR BIG GOAL
- What is your Price Anchor?
Episode Affiliate:
- W2 Capitalist Affiliates
Links mentioned in this episode:
- EARN. INVEST. REPEAT. T-shirts
- Real Estate Investing for The W2 Employee Facebook Group
What is your superpower? Do you even superpower bro?
Post your challenge results in the Real Estate Investing for The W2 Employee Facebook Group
Episode Affiliate:
- W2 Capitalist Affiliates
Throwback to when Natalie Kolodji joined the W2 Capitalist Mastermind for a round of live Q&A. I explain why I had to pull this one out of the archives.
Episode Affiliate:
- W2Capitalist.com/affiliates
Links mentioned in this episode:
- EARN. INVEST. REPEAT. T-shirts
- Real Estate Investing for The W2 Employee Facebook Group
Relieve stress, find out that thing you're being so fearful about is just an imaginary monster hiding under your bed. Tackle it and move on.
Post your challenge results in the Real Estate Investing for The W2 Employee Facebook Group
Episode Affiliate:
- W2 Capitalist Affiliates
Session #8 with Paul - The Automotive Engineer. It has been a while since Paul and I have connected and he has slaughtered his 2 property goal this year. He is now up to 15 doors!!
Key Takeaways:
- My BIG automotive engineer design idea for Paul
- Better to be lucky than Good
- Realtor's are there to be make transactions happen
- Making the decision to flip a rental acquisition
- Stick with your criteria and sometimes that means your strategy changes
- Just driving by my ass, Mr. Tax Appraiser
- Know what the property taxes are and what the property taxes will be
- Purchasing a Subject-2 property for $10k
- Conflict of interest when referring your legal team
Episode Affiliate:
- W2Capitalist.com/affiliates
Links mentioned in this episode:
- EARN. INVEST. REPEAT. T-shirts
- Real Estate Investing for The W2 Employee Facebook Group
Go on the journey of finding hidden money by refinancing. You'll be amazed at what you find!
Post your challenge results in the Real Estate Investing for The W2 Employee Facebook Group
Episode Affiliate:
- W2 Capitalist Affiliates
While everyone around you is telling you to slow down on the screen time and stop being on social media, I challenge you do to the opposite. Spend more time on social media!
Episode Affiliate:
- W2 Capitalist Affiliates
Links mentioned in this episode:
- EARN. INVEST. REPEAT. T-shirts
- Real Estate Investing for The W2 Employee Facebook Group
This is mentoring session #8 with Brice - The No Longer Gold Mining Mechanic. Brice has left Alaska and been putting on Dirt Derby's @ The Plaza Hotel in Vegas and looking for his next gig. It's been a couple months since I've been able to catch with Brice and the bromance is strong.
Key Takeaways:
- Missing the Jake & Gino Multifamily Mastery 3 - #FamilyFirst
- Being more present and not worrying about the future
- Real Estate is hard when you are a nomad..or is it?
Episode Affiliate:
- W2 Capitalist Affiliates
Links mentioned in this episode:
- EARN. INVEST. REPEAT. T-shirts
- Real Estate Investing for The W2 Employee Facebook Group
- HelmsREI.com
I hope everyone had a merry Christmas and Happy New Year. I want to spend a few moments and talk about 2019 in review. This not meant to be a bragging session of everything I’ve accomplished this year but more so to give you insight on what was accomplished and what being around like minded people can do for you. For the record, my plan for this year was to sit back and watch the market, focus on growing my mastermind & Facebook group. Instead, here's what I did:
Key Takeaways:
- Went from 51 to 328 units; we got there by selling off SFR and small MFRs in our portfolio to invest in larger apartment complex syndications.
- Doubled our positive monthly cash flow. And when I mean cash flow, that is the # left over after all expenses are paid using the TRIMVC method. I go into this in more detail at https://w2capitalist.com/2016/10/12/real-estate-investing-terms-cash-flow-example/ but essentially we went from $1k-$2k in positively monthly cash flow from our rental portfolio.
- First time ever, do we have over a million dollars of assets on our balance sheet.
- Sold a property for our first loss; this was approximately a ~10K $$ loss.
- Launched a podcast (this one) ranked #1 new & Noteworthy on iTunes for Investing, recorded & published 65 episodes with 20k downloads.
- Welcomed baby #3 into our tribe
- Changed jobs. This one was a big growing opportunity for me. I had essentially served the same client base in one seat or another under a few different entity umbrellas (as we kept getting acquired) for over 15 years. As I’m now in month 6 of my new sales coaching job, I’m ecstatic to report my sales unit has hit record sales in 4 of last 6 months.
- Mastermind membership grew from 10-25, more on the mastermind can be found at w2capitalist.com .
- Private Facebook Group (that’s the closed FB group located at facebook.com/REIforTheW2 ) members grew by 53% - went from 3,428 members on January 1, 2019 to 6,476 members as of today, Dec. 12, 2019.
- Co-spoke at 4 different REIA Meetups
- Consumed a little over a week’s worth of audiobooks and podcast. Thats over 168 hours which is approx. 3.25 hours a week. I honestly thought it would be more and I’m looking to read more in 2020. To see my recommended list of books go to w2capitalist.com/read and if you’re looking for some additional accountability to read more send me a DM on facebook to join in on the #Read20in20 challenge.
- Refinanced our primary residence to payoff a home improvement loan and lower our interest rate. All things considered, this saves us $389/month and paid off $40k in debt.
- Our biggest ROI to date - the duplex we never set foot in, came in at a 428% ROI.
- My BHAGs for 2020
Episode Affiliate:
- W2Capitalist.com/affiliates
Links mentioned in this episode:
- EARN. INVEST. REPEAT. T-shirts
- Real Estate Investing for The W2 Employee Facebook Group
Gabriel Hamel is a Real Estate Investor who’s passion for Real Estate, Business, and Financial Freedom has helped him to amass a Multi-Million dollar Real Estate Portfolio consisting of Single Family Homes, Multi-Family Apartments, Commercial Real Estate, and Mobile Home Parks. From humble beginnings, a book on Real Estate, and a strong desire for financial freedom, Gabriel set out to find creative ways to start purchasing income producing investment Real Estate. Gabriel is a strong advocate of financial literacy through self education.
Time-Freedom, Family, Health, Wealth, and Happiness are most important to Gabriel. He focuses his time and energy learning, living and growing in these areas. Gabriel has a beautiful wife and two amazing son’s with lots of energy who keep them busy with various activities. Gabriel strongly believes that being Healthy, Wealthy, and Happy are choices and with the right knowledge and more importantly, effective action can all be greatly achieved.
Key Takeaways:
- Growing up lower-middle class
- Rich Dad Poor Dad
- Being Deployed to Kuwait & Iraq
- Starting your financial free journey with not much support
- Seller Financing Unicorns do exist!
- Don't convince sellers to seller finance - they have to want to do it without you!
- Know your market and build relationships.
- Value-add opportunities in Mobile Home Parks
- Financial Literacy is a HUGE opportunity
- GoBundance Mastermind
- The power of relationships are undervalued
- Cash Flow first, appreciation 2nd.
Connect with Gabriel:
- Facebook | Instagram | LinkedIn
- Gabriel@hamelinvestments.com
Episode Affiliate:
- W2 Capitalist Affiliates
Links mentioned in this episode:
- HamelInvestments.com
- Real Estate Investing for The W2 Employee Facebook Group
- Join the W2 Capitalist Mastermind
- w2capitalist.com/Resources
Matthew Porcaro is an electrical engineer / project manager by day but a savvy real estate investor by night. Like me, he comes from a blue-collar upbringing and now focuses on investing in Long Island, NY.
Key Takeaways:
- Investing as an Electrical Engineer / Project Manager
- Steve Larson the Capitalist PIG (capitalist swag)
- Blue-collar upbringing
- Working with your dad as a silent partner
- Find a mentor - Ask GOOD questions
- Build Relationships that push you
- The 203k loan defined
- What is a 203k Consultant?
- The FHA Guidelines
- Your first deal will produce unknown momentum
Connect with Matthew:
- 203ksecrets.com
Episode Affiliate:
- W2 Capitalist Affiliates
Links mentioned in this episode:
- Real Estate Investing for The W2 Employee Facebook Group
- Join the W2 Capitalist Mastermind
- w2capitalist.com/Resources
Tim Kelly is an active duty Chief Petty Officer, in the United States Navy and has been serving his country for 14 years.
Now stationed on shore duty in Pensacola, Florida, he is fully pursuing his dream of owning and operating multi-family real estate and helping others realize their financial freedom goals!
Tim has been investing in real estate since 2011 where he purchased his first single family residence with the intention of forcing appreciation and flipping for a profit. That was also his first “house-hack,” and he quickly learned the benefits of long-term buy and hold real estate were much more aligned with his goals.
Through analyzing hundreds of multi-family properties, Tim has built an incredible network of real estate professionals, owns, controls, or has directly been involved in over 1,000 income producing units and looks forward to acquiring 5,000 multi-family units within the next three years.
Ask Me Anything Quesitons:
- How does operational risk compare from multifamily to MHP's? Allison Weiss / LinkedIn
- What is the best piece of advice you can give when things just don’t seem to workout as you planned them too? TJ Hines / LinkedIn
- Why do you prefer MHP over all the other commercial RE? John Fortes & Dusten Hendrickson / LinkedIn
- Can you use a VA loan from a spouse to cash-out refinance a primary residence under someone else's name. I.E. loan is in my name, but we live in it together Brody James Oakes / FB
- When we are talking large multifamily syndication (especially value add), there is always a very clear cut “exit strategy” with backup strategies as well. What are some of the exit strategies you have, or have seen others plan when buying mobile home parks? With the increased interest of late in this niche, I could see this helping but are you worried about what this might look like in 4-5 years and how do you continue to cultivate interested investors while not adding too much competition for yourself? Thank you in advance and a BIG THANK YOU for your service Sir. - Jeff Blue Harrison, San Antonio, TX / Facebook
- How do you entice good Lonnie dealers into his parks / Andy Teasley FB
- How to find a competent manager in a complete turnover park in a new market. In an almost vacant park where there’s not much of a pool to choose from. Then how to find local handy people and contractors. Mike Ray / FB
Connect with Tim:
- Facebook | Instagram | LinkedIn
- thetimothykelly.com
Connect with Jay:
- Facebook | Instagram | LinkedIn
- w2capitalist.com
Episode Affiliate:
- W2 Capitalist Affiliates
Links mentioned in this episode:
- Active Duty Passive Income
- Real Estate Investing for The W2 Employee Facebook Group
- Join the W2 Capitalist Mastermind
- w2capitalist.com/Resources
Chris Grenzig focuses on managing, sourcing, evaluating, and acquiring new assets for Toro’s Multifamily Portfolio. Also, he contributes substantially to capital raising, negotiating joint ventures, financings, and dispositions. Chris has been with Toro since 2016 and has contributed to over 2600 units acquired worth over $155 mil.
Before joining Toro Real Estate Partners, Chris worked in finance at small boutique firm in Rockville Centre, NY. Chris graduated Hofstra University where he earned his Bachelor’s in Business Management, and played Division 1 soccer for 4 years on scholarship.
Key Takeaways:
- Exit the W2 world because his moral compass wouldn't allow him to stay.
- Tied to just one revenue stream.
- Try it out but find your niche.
- Importance of finding a mentor and be part of a mastermind.
- Focus on markets that make sense for you.
- Outsource your property management.
- How do you stay conservative with 100s of ready to go investors in your database?
- 506(b) vs 506(c)
- Investing in a 130 unit vacant opportunity zone
Connect with Chris:
- tororep.com
- chris@tororep.com
- Chris on Instagram | Facebook
Episode Affiliate:
- W2 Capitalist Affiliates
Links mentioned in this episode:
- ToroRep.com
- Real Estate Investing Experience Podcast
- tororep.com/investor-questionnaire/
- Real Estate Investing for The W2 Employee Facebook Group
- Join the W2 Capitalist Mastermind
- w2capitalist.com/Resources
Earnest Harbin, has spent his entire professional career focused on Real Estate which has shaped the company’s investment philosophy and attracted him to real estate investing as a viable investment partner that is trustworthy and dependable. A lifelong resident of Georgia, since he was 21-years-old he has been involved with construction and real estate investing. Initially he worked on framing crews, then owned and operated a successful painting company, then worked his way into small fix-and-flips, new home construction, and eventually multifamily investing.
Earnest launched his career in flipping single family homes and progressed into custom home building, with a combined total of roughly 100 homes, where he managed the renovation, ground-up construction, marketing, and sale of properties valued at $150K to $500K. He went on to build his first 75-unit multifamily apartment complex, owning and operating the business for two years prior to its eventual profitable disposition. Since that time, he has transacted property units totaling over 420 doors with value in excess of $20,000,000.
Key Takeaways:
- Motorcross as a Profession
- Continuously Improve Your Circle
- Looking for Houses That Were Boarded Up
- Apartment Hack Very First Deal - Got Creative
- Stay In Your Lane (Market)
- Build New or Buy Existing?
- There is More Money out There Than There is Sense
- Where is the market going?
- What does working with you look like?
- Analyzing the Deal Based on The Merit Deal
- The 506c Rule
Contact Earnest:
- https://apartmentbuys.com
- earnest@apartmentbuys.com
- Multifamily Insights Exposed Podcast
Episode Affiliate:
- W2Capitalist.com/affiliates
Links mentioned in this episode:
- EARN. INVEST. REPEAT. T-shirts
- Real Estate Investing for The W2 Employee Facebook Group
Just pick the phone and dial is the main takeaway in this mentoring session #7 with Paul - The Automotive Engineer. Paul has experienced a number of setbacks in his recent remodels that he has set to refinance.
Key Takeaways:
- Something's Up When Title Takes Too Long
- Title Insurance is YUGE and can save you thousands
- Buying As-Is Where-Is and discovering Liens
- Strategy on dealing with Code Enforcement in Court
- Train Yourself to Control Those Emotional Queues and Stick to the Merit of the Deal
Episode Affiliate:
- W2Capitalist.com/affiliates
Links mentioned in this episode:
- EARN. INVEST. REPEAT. T-shirts
- Real Estate Investing for The W2 Employee Facebook Group
Denise Evans is an attorney, real estate broker, investor, educator and nationally published author on real estate topics. Her specialties are Alabama tax sale investing and Alabama residential landlord/tenant laws.
Key Takeaways:
- Where is Jemison, AL?
- Education vs Legal Matters
- Tax Certificate vs. Tax Deed vs Tax Lien
- What is a Quiet Title
- Local Government Liens
- Where can I find Tax Deed & Tax Lien auctions?
- Nail & Mail Evictions
- ROLL TIDE!
Connect with Denise:
- denise@butlerevanseducation.com
- BiggerPockets
- YouTube Channel
- ButlerEvansEducation.com
Episode Affiliate:
- W2 Capitalist Affiliates
Links mentioned in this episode:
- EARN. INVEST. REPEAT. T-shirts
- Real Estate Investing for The W2 Employee Facebook Group
- Join the W2 Capitalist Mastermind
- w2capitalist.com/Resources
This is mentoring session #9 with Nick - The Corporate Recruiter. I apologize for my late night DJ voice on this episode - I have no idea what's going with it - hopefully I'm just tired and not getting sick.
Key Takeaways:
- Flips Going Well
-
s Aren't Working on Our Dream
- Stay Laser Focused
- Mom and Pop Books are not the most accurate
- Investing with Family - Yes or No?
- Wealth Building Books for Kids
- Getting Ready to List 1st Flip in Austin
- Refinancing Memphis Turnkey - Owner Financed
Episode Affiliate:
- W2 Capitalist Affiliates
Links mentioned in this episode:
- EARN. INVEST. REPEAT. T-shirts
- Real Estate Investing for The W2 Employee Facebook Group
- Join the W2 Capitalist Mastermind
Jamie is a dedicated husband and father to two twin girls who decided that the average life was not for him. In the same amount of time that his girls have been on the earth, about two and a half years, Jamie has successfully invested in 7 tax certificates, 2 of which he still owns and one of the properties he rents, 3 rental flips, one turnkey flip and controls 12 doors which he holds as long-term rentals. He has accomplished all of this while working a fulltime medical sales job for which he travels up to two week out of the month.
Key Takeaways:
- Finding Your Niche
- Building Out Your Team
- Curating Your Relationships
- Balancing Raising a Family, a W2 and REI
- Taking Advantage of Windshield Time
- How to Manage Closing at a Loss
- Lead Generation - When to Focus on It
- Being Laser Focused
- Private Money Lending
- Infinite Banking
Episode Affiliate:
- W2Capitalist.com/affiliates
- PodPuppy.com
- JustGoGrind.com
Links mentioned in this episode:
- EARN. INVEST. REPEAT. T-shirts
- Real Estate Investing for The W2 Employee Facebook Group
This is mentoring session #7 with Brice - The Gold Mining Mechanic. Last we spoke he was wrapping up his time in Alaska and setting off on a set new adventures.
Key Takeaways:
- Time Flies
- Taking Over a Horribly Ran Demolition Derby
- Jake and Gino Bootcamp
- How do you stayed disciplined?
- Creating Good Habits
- What's Next?
Episode Affiliate:
- W2 Capitalist Affiliates
- PodPuppy.com
- JustGoGrind.com
Links mentioned in this episode:
- EARN. INVEST. REPEAT. T-shirts
- Real Estate Investing for The W2 Employee Facebook Group
- HelmsREI.com
IT'S TIME! Intro from the Veteran Voice of the Octagon, the famous MMA ring announcer, Bruce Buffer.
For as long as I've been a fan of the MMA, I've wondered what it would be liked to have Bruce Buffer announce me as I'm walking into the office, getting ready for a day of W2-ing but when I found out this was possible, my wife instantly stated, oh so you're doing this for the podcast right?!
BOOM!
Having a blast!
It has been a month since Paul and I connected and a lot has transformed. He is now switching his focus to mutli-family and using a realtor to find deals. This is mentoring session #6 with Paul - The Automotive Engineer.
Key Takeaways:
- Realtors are as specialized as mechanics.
- Dealing with Probate
- Trees are the unknown / biggest Maintenance Expense that no one talks about.
Episode Affiliate:
- W2Capitalist.com/affiliates
Links mentioned in this episode:
- EARN. INVEST. REPEAT. T-shirts
- Real Estate Investing for The W2 Employee Facebook Group
Craig Napoliello spent the first 11 years of his career as a fixed income trader and now has a W2 at a Fintech firm. After being interested in real estate for much of his adult life and dabbling in single family ownership and investments, he began his ventures into multifamily real estate earlier this year with the purchase of a duplex in January. Six months ago, he had two single family real estate properties. Now, he has 53 units (some independently and some with a partner) and is a 13% owner on a 143-unit deal made recently in Lexington, Kentucky. Craig no longer has capital invested in stocks or bonds and feels that with his real estate investments he has more control over his money and is very confident in building a model that will create more value for him outside of the stock market. His goal is to hit over 100 units in the next 12 months and to have 250 units in the next 2 years.
Key Takeaways:
- Rotating Assets
- Aligning Investments with Long Term Goals
- The 'Administrative Nightmare' of Being a Tenant in Common
- Evaluating Return on Equity
- The 7 Steps of Why
- Loving Your W2
- A Proactive Approach to Taxes
- Craig's Predictions for the Multifamily Real Estate Market
Episode Affiliate:
- W2Capitalist.com/affiliates
- PodPuppy.com
- JustGoGrind.com
Links mentioned in this episode:
- EARN. INVEST. REPEAT. T-shirts
- Real Estate Investing for The W2 Employee Facebook Group
“Long-term what are you trying to accomplish and will this help get you there?” This is mentoring session #2 with Mathieu - The Insurance Broker.
Key Takeaways:
- Bridge Program to Section 8
- All you have to do is call!
- What is the coal region?
- Lockers vs. Chain Link Cages
- Primary Home: Liability or Asset?
- Define Your Exit Strategy - 0.5% Rule or No Longer a Tax Deduction
- Where is the Market Headed under Trump?
Episode Affiliate:
- W2 Capitalist Affiliates
- PodPuppy.com
- JustGoGrind.com
Links mentioned in this episode:
- EARN. INVEST. REPEAT. T-shirts
- Real Estate Investing for The W2 Employee Facebook Group
- Join the W2 Capitalist Mastermind
This is mentoring session #5 with Paul - The Automotive Engineer. Paul has hit some setbacks with his duplex BRRRR but he's pushing through.
Key Takeaways:
- Closing on 3 Properties this month
- Dealing with Asbestos Siding
- Calling 20 Brokers to find a single deal
- Pausing after SMASHING your yearly goal
- YUGGGE Benefit for having a significant other onboard with REI
Episode Affiliate:
- W2Capitalist.com/affiliates
- PodPuppy.com
- JustGoGrind.com
Links mentioned in this episode:
- EARN. INVEST. REPEAT. T-shirts
- Real Estate Investing for The W2 Employee Facebook Group
- HelmsREI.com
This is mentoring session #10 with Nick. He and his young family have been in Austin for 5-6 months, wrapping up a flip and possibly moving back to New Hampshire. I have the opportunity to chat with Nick about my first loss, which we are about to close on.
Key Takeaways:
- Wrapping up a flip
- Exploring opportunities with family in New Hampshire Lake community
- FED lowers rates
- Home school vs. Public School
- Conventional Loan Down Payment requirements
-
s of his current flip
Episode Affiliate:
- W2 Capitalist Affiliates
- PodPuppy.com
- JustGoGrind.com
Links mentioned in this episode:
- EARN. INVEST. REPEAT. T-shirts
- Real Estate Investing for The W2 Employee Facebook Group
- Join the W2 Capitalist Mastermind
- W2Capitalist.com/Resources
This is mentoring session #2 with Ryan - The School Teacher. It's been about a month since we last spoke and Ryan starts off today's session with some BIG NEWS.
Key Takeaways:
- Parenting Advice
- Rich Dad Poor Dad Life Lessons
- Finding a Quality Property Management
- Duplex finished and rented
- Make Offers but keep to your criteria
- Expanding Your Team
- Public School vs Home School
Episode Affiliate:
- W2 Capitalist Affiliates
- PodPuppy.com
- JustGoGrind.com
Links mentioned in this episode:
- EARN. INVEST. REPEAT. T-shirts
- Real Estate Investing for The W2 Employee Facebook Group
- Join the W2 Capitalist Mastermind
- w2capitalist.com/Resources
Dr. Daniel Crosby was educated at Brigham Young and Emory Universities. He is a psychologist and behavioral finance expert who helps organizations understand the intersection of mind and markets. Dr. Crosby recently co-authored a New York Times Best-Selling book titled, Personal Benchmark: Integrating Behavioral Finance and Investment Management.
He also constructed the “Irrationality Index,” a sentiment measure that gauges greed and fear in the marketplace from month to month. His ideas have appeared in the Huffington Post and Risk Management Magazine, as well as his monthly columns for WealthManagement.com and Investment News. Daniel was named one of the “12 Thinkers to Watch” by Monster.com and a “Financial Blogger You Should Be Reading” by AARP. When he is not consulting around market psychology, Daniel enjoys independent films, fanatically following St. Louis Cardinals baseball, and spending time with his wife and two children.
Key Takeaways:
- The Devil That You Know
- Intellectual Laziness
- The Magic Formula
- When Lessons Start to Repeat Themselves
- Alabama or Auburn?
Contact Dr. Daniel:
- LinkedIn | Twitter
Episode Affiliate:
- W2 Capitalist Affiliates
- PodPuppy.com
- JustGoGrind.com
Links mentioned in this episode:
- The Behavioral Investor by Dr. Daniel Crosby
- Real Estate Investing for The W2 Employee Facebook Group
- Join the W2 Capitalist Mastermind
This is mentoring session #4 with Paul - The Automotive Engineer. Paul has hit some setbacks with his duplex BRRRR but he's pushing through.
Key Takeaways:
- Kids are germ factories.
- Tackling Major Set Backs
- Be Transparent with Your Partners
- Prepare for Overages in Your Estimates
- Don't Invest with Your Emotions - Be A Functional Psychopath
- Progress > Perfection
Episode Affiliate:
- W2Capitalist.com/affiliates
- PodPuppy.com
- JustGoGrind.com
Links mentioned in this episode:
- EARN. INVEST. REPEAT. T-shirts
- Real Estate Investing for The W2 Employee Facebook Group
- HelmsREI.com
This is mentoring session #1 with Mathieu - The Insurance Broker. Also, a Lionkissedher in PA.
Key Takeaways:
- Turning a car dealership into a 21-unit storage facility
- Listening to the locals for demand
- General Contractors are a pain
- Purchasing Properties on a HELOC
- Why Are Banks Using Zillow for Appraisals?
- 3 People I listen to ALMOST as much as my wife: Lawyer, CPA, & Insurance Broker
Episode Affiliate:
- W2 Capitalist Affiliates
Links mentioned in this episode:
- EARN. INVEST. REPEAT. T-shirts
- Real Estate Investing for The W2 Employee Facebook Group
- Join the W2 Capitalist Mastermind
This is mentoring session #2 with Ben - The Physical Therapist. It has been a month since Ben and I originally talked and he has dove in and learning a lot of lessons while creating a partnership to invest.
Key Takeaways:
- Staying on top of Insurance Premiums
- LLCs don't receive fixed rates
- A lot can happen in 5 Years
- How to Accelerate My Strategy
- Bird Dog Your Focus
- Make the Most of Your Time
- Have Multiple Mentors
- Talk to 5 Different People Everyday
Episode Affiliate:
- W2 Capitalist Affiliates
Links mentioned in this episode:
- EARN. INVEST. REPEAT. T-shirts
- Real Estate Investing for The W2 Employee Facebook Group
- Join the W2 Capitalist Mastermind
- HelmsREI.com/read
This is mentoring session #3 with Paul - The Automotive Engineer. Paul has had to make some adjustments closed on his duplex, already started rehab but the best part is he walked away from closing with cash, even though he didn't bring any of his own money.
Key Takeaways:
- Trouble Renting 1st Duplex
- Learning to Adapt
- Make Sure to Compare Apples to Apples
- Missing the Window of Opportunity
- Being Family Focused and taking care of #1
- What makes a GREAT AirBnB
Episode Affiliate:
- W2Capitalist.com/affiliates
Links mentioned in this episode:
- EARN. INVEST. REPEAT. T-shirts
- Real Estate Investing for The W2 Employee Facebook Group
- HelmsREI.com
David Pere joined the Marine Corps in August of 2008. Since that time, he has lived traveled to and lived in many unique places around the world, including a combat tour in Afghanistan. His awards include the Navy and Marine Corps Commendation Medal, Navy and Marine Corps Achievement Medal, and Combat Action Ribbon.
David got started in real estate investing in 2015 after reading “Rich Dad Poor Dad” by Robert Kiyosaki. He house-hacked a duplex with the FHA loan and lived in it for a little while until getting married to his beautiful wife, Kimberly, and receiving orders to Hawaii. David and Kimberly have two children, Cody (10) and Jackson (2).
While stationed in Hawaii, David bought a 10-unit apartment in Missouri and was able to use bank-financing, seller-financing, and a home equity line of credit to purchase this property with less than 6% down (and great terms)!
Through these experiences, From Military to Millionaire was born, with the goal of teaching personal finance and real estate investing to service members and the working class! As a result, he has helped many of his readers increase their savings gap, purchase real estate, and increase their chances of achieving financial freedom!
Key Takeaways:
- Financial Education is YUGE
- Rule of 72
- How do you count doors?
- Never Want to be Debt Free
- Bad Debt vs. Good Debt
- CBD is not allowed for the DoD
- How to Vet a Multifamily Syndicator
- What is a Real Hawaiian Shirt?
Episode Affiliate:
- W2 Capitalist Affiliates
Show Notes:
- 3:23 - How David is transitioning to the civilian world
- 5:25 - The impending market correction everyone thinks is coming
- 6:45 - Hold or sell? David discusses a 10-unit he’s thinking of selling
- 8:05 - The difficulty in finding investment opportunities that meet your criteria
- 8:43 - One important morning habit Jay uses each day
- 9:45 - Why David is going to try delivery driving with Instacart
- 13:45 - David brings up Phil Capron, poker player and former Navy man
- 14:59 - David’s experience failing to close
- 19:18 - Why Jay has never flipped a house
- 21:50 - From Military to Millionaire - How David started the brand
- 24:00 - The Rule of 72
- 27:42 - Why David never wants to be debt free and what Jay learned from Dave Ramsey
- 34:15 - The number of units David and Jay currently have
- 37:30 - Investing in CBD companies (And why the DOD can’t invest in any companies in that industry)
- 42:45 - Other strategies David has tapped into for real estate
- 49:02 - How you can analyze potential syndicators
- 56:44 - What David would choose between a syndicator who is batting 100% versus someone who has had some bumps in the road.
- 1:04:30 - Where David buys all of his Hawaiin shirts!
Links:
- The Military Millionaire Podcast
- The Millennial Real Estate Podcast (Not sure if this was the right podcast)
- Atomic Habits
- Instacart
- Phil Capron (His Instagram)
- The Velocity of Money Explained
- Dave Ramsey
- Ben Leybovich
- Grant Cardone
- I Never Want to Be Debt Free (David's Blog)
- The Velocity of Money Explained (David's Blog)
- Real Estate Investing for The W2 Employee Facebook Group
- Join the W2 Capitalist Mastermind
Connect with David:
- From Military to Millionaire
- YouTube
Quotes:
- “I like to see when someone is dumping their own money into it too. To me it’s like, ‘Oh, hey, skin in the game’” - David
- “How much are you contributing to the deal?” - Jay
- “People buy from people.” - Jay
- “At the end of the day, the best way to vet a syndicator is to know that when you sign the line and send the money is that you feel good about it.”
This is mentoring session #1 with Ryan - The School Teacher. He has a mindset like no other teacher I've ever had.
Key Takeaways:
- 1031 Exchange
- Millionaire Next Door Formula
- Older Duplex Purchase Convert into 8 Units
- Know Your Risk Tolerance
- Give yourself more credit
Episode Affiliate:
- W2 Capitalist Affiliates
Links mentioned in this episode:
- EARN. INVEST. REPEAT. T-shirts
- Real Estate Investing for The W2 Employee Facebook Group
- Join the W2 Capitalist Mastermind
- HelmsREI.com/read
This is mentoring session #2 with Paul - The Automotive Engineer. Paul closed on his duplex, already started rehab but the best part is he walked away from closing with cash, even though he didn't bring any of his own money.
Key Takeaways:
- Duplex Rehab Closing
- Cash Out Refinance is easier when the property is titled in your personal name
- Focus on Strong Relationships & Protecting those Partners
- Challenge the lending status quo
- Rental Arbitrage with AirBnB
- 1st Lien HELOC
Episode Affiliate:
- W2Capitalist.com/affiliates
Links mentioned in this episode:
- Every Day You're Building Wealth or You Are Not with Holly Morephew
- The Infinite Banking Strategy with Anthony Ornella
- EARN. INVEST. REPEAT. T-shirts
- Real Estate Investing for The W2 Employee Facebook Group
- HelmsREI.com
This is mentoring session #8 with Nick - The Corporate Recruiter. If you're just now picking up on these episodes, I highly encourage you go to back and listen to all of Nick's journey that has led him here today.
Key Takeaways:
- Month of Learning - Tuition Ain't Cheap
- 2 Weeks into a renovation with 2 to go
- Working with Seasoned and not so seasoned hard money lenders
- Finding a GC Diamond in the rough
- Touring Commercial Properties
- What's a 504 SBA Loan and how does it apply to my AirBnB?
Episode Affiliate:
- W2 Capitalist Affiliates
Links mentioned in this episode:
- EARN. INVEST. REPEAT. T-shirts
- Real Estate Investing for The W2 Employee Facebook Group
- Join the W2 Capitalist Mastermind
Anna is a seasoned real estate investor, actively renovating, selling & renting: single family & vacation rentals, small multifamily properties, and large apartments. Anna owns and manages a portfolio valued at over $12.5 Million. She is a frequent speaker for real estate meetup groups and podcasts, and the founder of www.ReiMom.com . She's also an Amazon #1 Best Selling author. Anna educates others on the strong, passive returns available through investing in real estate, and actively seeks out large value-add multifamily apartment projects for herself and her partners. She is a wife and a mother of 4!
Connect with Anna Kelley:
- REILikeAGirl.com
- REIMom.com
- Creating Real Estate Wealth That Lasts Facebook Group
- Co-Author: Resilience: Turning Your Setback into a Comeback
Key Discussion Points:
- Real Estate is Powerful
- Aggressively Pursuring Rentals
- Emotions of a New Parent
- Using a 401k to Buy a 4-plex
- 1st MF deal as a Limited Partner
- Using SDIRA to invest
- Adjusting to ACTUALLY take vacation time
- Entrepreneur vs. Investor
- Empowering Women
Episode Affiliate:
- Everlywell Home Health Tests
Links mentioned in this episode:
- Real Estate Investing for The W2 Employee Facebook Group
- W2 Capitalist Mastermind
This is mentoring session #7 with Nick - The Corporate Recruiter. The title of this episode basically hits the nail on the head for Nick. He come off the sidelines and has been hitting it hard for the last several months.
Key Takeaways:
- Get off the Sidelines
- Hit it hard
- 30 Day Challenge with Spouse
- New job??
Episode Affiliate:
- W2 Capitalist Affiliates
Links mentioned in this episode:
- EARN. INVEST. REPEAT. T-shirts
- Real Estate Investing for The W2 Employee Facebook Group
- Join the W2 Capitalist Mastermind
This is mentoring session #3 with Preston - The Industrial Salesman. Preston just arrived on the other side of his business season and used this time to get clear on his goals and direction he wants to take to start building wealth. His fiancee has even dropped to a part-time job so she can help more on the REI side.
Key Takeaways:
- Exploring Assisted Living Facilities
- Mobile Home Parks
- The BRRRR Method
- Vision is becoming more clear
Episode Affiliate:
- Passive Real Estate Investor Academy
Links mentioned in this episode:
- Seven Years to Seven Figure Wealth by Brandon Turner
- EARN. INVEST. REPEAT. T-shirts
- Real Estate Investing for The W2 Employee Facebook Group
- W2 Capitalist - Mindset Calibration 6-week Course
- HelmsREI.com
This is mentoring session #1 with Ben - The Physical Therapist. A recent transplant from AL, Ben currently lives in TN and works as a PT. Previously a business owner and cross-fit operator, Ben is now focusing his efforts on building his REI portfolio.
Key Takeaways:
- Books to Read for newer investors
- My exit strategy
- Using a HELOC
- Looking for a Coach
- Benefits of a Mastermind
- Section 8
Episode Affiliate:
- W2 Capitalist Affiliates
Links mentioned in this episode:
- EARN. INVEST. REPEAT. T-shirts
- Real Estate Investing for The W2 Employee Facebook Group
- Join the W2 Capitalist Mastermind
- HelmsREI.com/read
This is mentoring session #6 with Brice - The Gold Mining Mechanic. Today is Brice's last day in Alaska as he is about to set out on an array of adventures including a multifamily boot camp, trip to TX to see his girlfriend, a stop in Montana to see his family and then off to Utah to start his new job.
Key Takeaways:
- Set Bigger Goals
- Love the Challenge - Know What Challenges You
- What's Next?
- Find a Mentor who builds amazing process / systems
- Wheelbarrow Profits Podcast
- Jake and Gino Bootcamp
Episode Affiliate:
- W2 Capitalist Affiliates
Links mentioned in this episode:
- Stirrin Dirt Racing
- EARN. INVEST. REPEAT. T-shirts
- Real Estate Investing for The W2 Employee Facebook Group
- HelmsREI.com
- Can't Hurt Me by David Goggins (I highly recommend the audio book - lots of extras)
- Millionaire Fast Lane by MJ DeMarco
- Atomic Habits by James Clear
This is mentoring session #1 with Paul - The Automotive Engineer. Paul started investing last year with a focus on SFR & Small MFRs. Today we talk about his upcoming duplex closing where he is using a partner AND private money (2 separate entities).
Key Takeaways:
- Creating a Funnel -> Start with your inner circle
- Healthy Relationships = Private Equity
- Finding Deals in a Hot Market with Wholesalers
- Closing w/Hard Money
- Watch out for Facebook Scams
- Partnership Details
Episode Affiliate:
- Passive Real Estate Investor Academy
Links mentioned in this episode:
- Realtor.com
- EARN. INVEST. REPEAT. T-shirts
- Real Estate Investing for The W2 Employee Facebook Group
- HelmsREI.com
What I'm hoping will be part 1 of a series, successful Mobile Home Park investors Tim & Sydney discuss how they find, analyze and secure assets with owner financing.
Key Takeaways:
- 27 Space Park in Alabama (repositioning)
- 75 Space Park in Indiana (Closed)
- 154 Space Park in Illinois (under contract)
- Always, always, always talk about Investing
- Know City Ordinances
- Ideal Investing Criteria for MHPs
- Seller Bonding is HIGHLY Important
- Sending an intro video via VHS
- Create a credibility book
- The Power of the ADPI
Episode Affiliate:
- W2 Capitalist Affiliates
Contact Tim:
- ActiveDutyPassiveIncome.com
- Cell: 847.910.9161
- TheTimothyKelly.com
- Facebook | LinkedIn | Instagram
Contact Sydney:
- ActiveDutyPassiveIncome.com
- Facebook | LinkedIn |Instagram
Books Mentioned on this episode:
- Ready, Fire, Aim: Zero to $100 Million in No Time Flat by Michael Masterson
Links mentioned in this episode:
- EARN. INVEST. REPEAT. T-shirts
- Real Estate Investing for The W2 Employee Facebook Group
- Join the W2 Capitalist Mastermind
- HelmsREI.com/read
This is mentoring session #5 with Brice - The Gold Mining Mechanic in North Pole, Alaska.
Key Takeaways:
- Prepping to Move Back to Montana
- Buying Before Moving or Leaving W2
- Hard Money Loans
- Shopping Lenders
- Due Diligence
- Opportunities and Apartment Complex Update
- LLC Structure
- "Alternative Medicine" & Negative Ions
Episode Affiliate:
- Everlywell
- Passive Real Estate Investor Academy
Links mentioned in this episode:
- L-AV8
- PSORight
- EARN. INVEST. REPEAT. T-shirts
- Real Estate Investing for The W2 Employee Facebook Group
- W2 Capitalist - Mindset Calibration 6-week Course
- HelmsREI.com
Jake Thompson is Founder and Chief Encouragement Officer at CompeteEveryDay.com. He is passionate about helping everyone realize that true competition is within and not with the person on the other side of the ball or in another lane.
"Focus on yourself. Focus in your lane. Quit worrying about what everyone else is doing."
Connect with Jake Thompson:
- CompeteEveryDay.com
- Social: Instagram | Twitter | Facebook
Key Discussion Points:
- Competition is With Yourself. Period.
- What is Toxic Competition?
- Emotionally Connecting with Your W2
- Pick Where You'll Compete
- Constantly Improving Your Circle of 5
- Traits of a Competitor
- What's Your Finish Line?
- 3 Types of How Players Wake Up Today
- Rest & Reset
- Life is a Season
Episode Affiliate:
- Everlywell Home Health Tests
Links mentioned in this episode:
- Jake Thompson on OrderofMan.com
- CED T-shirt Club
- Bullet Proof Coffee
- Real Estate Investing for The W2 Employee Facebook Group
- W2 Capitalist Mastermind
Books Mentioned:
- The One Thing by Gary Keller & Jay Papasan
- The Captain Class by Sam Walker
This is mentoring session #6 with Nick - The Corporate Recruiter. Nick has been in Austin for just 2 weeks now and is set to close on his first property today.
Key Takeaways:
- We're not cool enough to be in Austin
- Using Hard Money
- ADDU!
- What is a leaseback?
- TREC Forms
- Texas is landlord friendly
- Wiring money over face time
Episode Affiliate:
- W2 Capitalist Affiliates
Links mentioned in this episode:
- EARN. INVEST. REPEAT. T-shirts
- Real Estate Investing for The W2 Employee Facebook Group
- W2 Capitalist - Mindset Calibration 6-week Course
- HelmsREI.com
Father and son team (Andy and Tom Gustafson) have proudly proudly served clients seeking IRC & 1031 counsel as Qualified Intermediaries for over 16 years with Atlas 1031 Exchange. I connected with them through my lawyer and like any good lawyer, he did not steer me wrong. I'm on my 2nd 1031 exchange (both done with Atlas) and we get into the specifics of my current deal and questions I have about it.
I cannot say enough about how Tom and Andy are always available to take my call and make the entire process extremely easy.
Connect with Tom Gustafson:
- Atlas1031.com
- tomgustafson@atlas1031.com
- Cell #: 407-432-1875
Key Discussion Points:
- What is a TIC?
- Can you invest in partnerships with a 1031x?
- How do I QUALIFY a Qualified Intermediary (QI)?
- General Rules of a 1031 Exchange
- Simultaneous 45 & 180 day clocks
- Exceptions of a 1031x
- How is a QI compensated?
- Strategy for identifying properties
Episode Affiliate:
- Stitch Fix
- Passive Real Estate Investor Academy
Links mentioned in this episode:
- Federation of Exchange Accommodators
- BiggerPockets
- Real Estate Investing for The W2 Employee Facebook Group
- W2 Capitalist Mastermind
This is mentoring session #4 with Brice - The Gold Mining Mechanic in North Pole, Alaska. He's pondering a BIG change and we know it's a good one as it is pushing him out of his comfort zone.
Key Takeaways:
- Demolition Derby @ Plaza Hotel - FLAVA FAV!!!!
- Oldest of 9 Kids
- Back to the education phase of REI
- PINK is Manly
- Can't Drink All Day Unless You Start in the Morning
- Setting Up Personal, Sacred Savings Accounts
- Waking Up Alone on Your Birthday
- 10X Your Goals to Prevent Burnout
Episode Affiliate:
- Passive Real Estate Investor Academy
Links mentioned in this episode:
- Set For Life by Scott Trench
- The Behavior Gap - Simple Ways to Stop Doing Dumb Things with Money by Carl Richards
- Launch Your Dream - A 30-Day Plan for Turning Your Passion into Your Profession by Dale Partridge
- Ready. Fire. Aim. - Zero to $100 Million in No Time Flat by Michael Masterson
- EARN. INVEST. REPEAT. T-shirts
- Real Estate Investing for The W2 Employee Facebook Group
- W2 Capitalist - Mindset Calibration 6-week Course
- HelmsREI.com
Sterling White is an Indianapolis native, and has had an entrepreneurial mindset from a very young age. He has taken his natural energy and skill which began simply by selling homemade packets of drink flavoring to classmates at nine years of age, to cofounding an everexpanding real estate company. Much of the insight and trade knowledge he now possess, Sterling owes to his mentor Will Bates. The two formed a mastermind alliance and Bates imparted lessons from his years of experience managing well over fivehundred units in historic apartment complexes. At Holdfolio, Sterling focuses his time on building strong investor relations with clients, property acquisitions, and creating strategic and directed marketing campaigns to grow their brand. Sterling is hands on about creating value for his investors, and he truly believes in the role that he and his company play in establishing a path to financial freedom for those under his watch. In his spare time Sterling enjoys learning anyway he can. One of his biggest professional influences is Tony Robbins, and his book “Awaken the Giant Within” is a cornerstone of his personal philosophy. In the spirit of giving back and community, Sterling is also participating in the Guinness World Record for Fastest Fireman Carry, where the proceeds are being donated to the Little Red Door Cancer Agency. Sterling also serves as a Big Brother in Indianapolis and recently released the book From Zero to 400 Units.
Connect with Sterling:
- sterling@holdfolio.com
- www.holdfolio.com
- Instagram: @sterlingwhiteofficial
- Facebook: Sterling T. White
- Sterling on BiggerPockets - slide into his DMs!
Key Discussion Points:
- Progress > Perfection
- Irrational Optimism
- Driving for Dollars on Apartment Complexes
- You're Either Doing The Selling or Being Sold
- Sniper Approach with Creativity
- Grab Soft Commitments
- Keeping the Course for SFR Holds
- From Regional Banks to Freddie/Fannie
- Why Not Make Something of Yourself?
Episode Affiliate:
- Everlywell - Home Health Tests
- Passive Real Estate Investor Academy
Links mentioned in this episode:
- The 4-Hour Work Week by Timothy Ferris
- Can't Hurt Me: Master Your Mind and Defy the Odds by David Goggins (I highly recommend the audio book)
- Real Estate Investing for The W2 Employee Facebook Group
- W2 Capitalist Mastermind
This is mentoring session #5 with Nick - The Corporate Recruiter. Nick and his family had a successful move from New Hampshire to Texas and after settling in for just a week, he has several properties lined up to view this week.
Key Takeaways:
- Benefits from Working From Home
- Less Travel / Podcast Time but More Analyzing
- The 'a' in Zillow stands for Accuracy -> Use a Realtor
- Setting Proper Expectations
Episode Affiliate:
- Passive Real Estate Investor Academy
Links mentioned in this episode:
- EARN. INVEST. REPEAT. T-shirts
- Real Estate Investing for The W2 Employee Facebook Group
- W2 Capitalist - Mindset Calibration 6-week Course
- HelmsREI.com
Former Airborne Staff Sergeant at 160th Special Operations Aviation Regiment, Eric Upchurch is now a Husband, Father, W2 Employee, Real Estate Investor and passionate his life's mission to educate, empower and help people grow.
Connect with Eric:
- Eric on Instagram: @realericupchurch
- eric@activedutypassiveincome.com
- Facebook Group: Active Duty Passive Income
Key Discussion Points:
- Everyone should have a coach and mentor.
- "It's fine if they hate, just make sure they spell your name right."
- Know your strengths, know your weaknesses and find someone trustworthy to fill your weaknesses.
- How to use your VA loan, over and over and over again.
- It's about setting HUGE goals, building teams and keeping the momentum.
- CHALLENGE to give back $1 Million Dollars.
- CHALLENGE to DOMINATE!
Books Mentioned:
- Military House Hacking by ADPI [Markian Sich, Michael Foster, Eric Upchurch, Adam La Barr and Tim Kelly]
- Profit First by Mike Michalowicz
- Never Split the Difference by Chris Voss
- Exactly What to Say by Phil M Jones
Episode Affiliate:
- Everlywell - Home Health Tests
- Passive Real Estate Investor Academy
Links mentioned in this episode:
- Active Duty Passive Income
- Real Estate Investing for The W2 Employee Facebook Group
- W2 Capitalist Mastermind
- Conversation Starter T-shirt
This is mentoring session #4 with Nick - The Corporate Recruiter. Nick currently lives in New Hampshire but is in the process of relocating his young family to Texas and with one turn-key rental in his portfolio. Their move date is getting close!
Key Takeaways:
- Setting Up Your Team in a New Market
- Continue the Grind
- Wife = voice of reason and REALLY good @ interior design
Episode Affiliate:
- Passive Real Estate Investor Academy
- EverlyWell - Home Health Tests
Links mentioned in this episode:
- EARN. INVEST. REPEAT. T-shirts
- Real Estate Investing for The W2 Employee Facebook Group
- W2 Capitalist - Mindset Calibration 6-week Course
- HelmsREI.com
Marco Santarelli is the host of the Passive Real Estate Investing Podcast and the founder of Norada Real Estate, a premier real estate investment firm. Marco's mission is to help people create financial freedom by taking the guesswork out of investing. His team is dedicated to researching top real estate growth markets and structuring complete turnkey real estate investments to minimize risk and maximize profitability.
Marco began investing in real estate at the age of 18 with a single townhouse that he bought, renovated, leased, and managed himself. He continued building his real estate portfolio over the years up to 84 units with additional single-family homes, duplexes and small apartments. Marco is an expert in the ins and outs of real estate investing and has been helping investors create wealth and passive income for the past 15 years through Norada Real Estate. He is honored to have been named the 2017 Think Realty Master Investor of the Year.
Connect with Marco Santarelli:
- NoradaRealEstate.com
- PassiveRealEstateInvesting.com
Key Discussion Points:
- Never Collect in Cash
- Identify Markets with Strong Job Growth and Strong Population Growth
- Be Market Agnostic
- Schedule a Strategy Session with Marco's Team
- Turnkey Rental Defined
- Use Professional Property Management
- How to Calculate Cashflow
- Turnkey Operator vs Turnkey Promoters
- Where is this hot real estate market headed?
Episode Affiliate:
- Passive Real Estate Investor Academy
Links mentioned in this episode:
- How To Overcome the Fear of Out-of-State Real Estate Investing
- Real Estate Investing for The W2 Employee Facebook Group
- W2 Capitalist Mastermind
Brice and I touch on several topics this morning including socialism, new business idea/opportunity, potentially moving back to Montana, knocking out $70k worth of debt and turning to the next chapter in life.
Key Takeaways:
- Night Shift is Terrible
- Socialism Has Never Worked
- Why Do Some Successful Capitalist Preach Socialism?
- Homeschooling Produces a Tighter Family Bond
- Using Grandma's Money to Invest
- Smells Like Opportunity
- Will Your Potential Buyer Be Ok With Asbestos Siding?
Episode Affiliate:
- EverlyWell
Links mentioned in this episode:
- EARN. INVEST. REPEAT. T-shirts
- Real Estate Investing for The W2 Employee Facebook Group
- W2 Capitalist - Mindset Calibration 6-week Course
- HelmsREI.com
Joe Fairless is a full-time real estate investor that started buying multifamily properties in 2013 and now controls over $570,000,000 worth of real estate with a portfolio of 4,269 units. He has personally raised over $100,000,000 from private investors for real estate investments. Prior to that, he was the youngest vice president at an award-winning advertising agency in New York City. He is the host of the world’s longest running daily real estate iTunes podcast, Best Real Estate Investing Advice Ever, where he has interviewed guests such as Barbara Corcoran, Robert Kiyosaki, Emmitt Smith, and Tony Hawk.
Joe has authored several books covering real estate investing and apartment syndication. His first two books, including Best Real Estate Investing Advice Ever Volumes I and II, features guidance from some of the sharpest minds in real estate while also being endorsed by Barbara Corcoran. His third book, BEST EVER Apartment Syndication Book, provides a proven step-by-step system for completing a first apartment syndication deal.
Joe’s real estate advice has been featured on Forbes, Yahoo! Finance, Huffington Post and he was named 2018 Multifamily Investor of the Year by Think Realty. He is on the Board for Junior Achievement and received the honor of Outstanding Alumni at Texas Tech University. You can learn more about Joe on his website www.JoeFairless.com.
Connect with Joe Fairless:
- JoeFairless.com
- Ashcroft Capital
- Best Real Estate Investing Advice Ever Podcast
Key Discussion Points:
- Focus on Cash Flow & Asset Performance
- Build Relationships - They Will Bring You Opportunities
- Invest on Market Fundamentals
- Mr. Joe as the Manny (male nanny)
- Be Laser Focused
Episode Affiliate:
- EverlyWell
Links mentioned in this episode:
- The Three Immutable Laws of Real Estate Investing
- Best Ever Apartment Syndication Book by Joe Fairless
- Best Real Estate Investing Advice Ever (Volume 1) by Joe Fairless
- Best Real Estate Investing Advice Ever (Volume 2) by Joe Fairless
- Real Estate Investing for The W2 Employee Facebook Group
- W2 Capitalist Mastermind
- JF Podcast Show #262: Wanna Do a Deal with Robert Kiyosaki?
This is mentoring session #3 with Nick - The Corporate Recruiter. It is crunch time for Nick and his family to move to Texas. Until this episode I didn't realize Nick was moving his family to Texas without a W2. Bold move Cotton, let's see how it works for him!
Key Takeaways:
- Selling Concessions
- Last Supper with The Family
- Buying Lottery Tickets when you're on a hot streak!
- Approved to Work Remote
- Buying in Texas
- Walk away from a deal
- Don't sell the AIR MATTRESS!
- Are you quoting me Zillow right now?
Episode Affiliate:
- Passive Real Estate Investor Academy
Links mentioned in this episode:
- EARN. INVEST. REPEAT. T-shirts
- Real Estate Investing for The W2 Employee Facebook Group
- W2 Capitalist - Mindset Calibration 6-week Course
- HelmsREI.com
University of Florida and Auburn University Graduate, Anthony Ornella is the Managing Director at Drive Planning Florida, a financial coaching company that focuses on helping you Keep More, Make More and Live More. This perfectly aligns with our EARN. INVEST. REPEAT. mantra and in today's episode Anthony and I unbox the Infinite Banking Strategy. Infinite Banking, a tool for real estate investors, has historically only been known and used by the uber-wealthy but it is a strategy almost everyone can use.
"To some it's just a product, for me it's a strategy." - Anthony Ornella
Key Discussion Points:
- What is a mutual insurance company?
- Term & Permanent Insurance Products
- Insurance Companies that Pay Dividends over the last 100 years
- Benefit to the Shareholder
- Cash Value vs. Death Benefit
- Ensure Your Insurance Company is Insured
- What are the minimums and maximums to a policy?
- Can you smoke marijuana and be an infinite banker?
- Use old policies to fund new policies.
Episode Affiliate:
- Passive Real Estate Investor Academy
Contact:
- Anthony Ornella
- Cell: 904-707-3114
- Anthony.Ornella@driveplanning.com
- DrivePlanning.com
Links mentioned in this episode:
- Becoming Your Own Banker by Nelson Nash
- Real Estate Investing for The W2 Employee Facebook Group
- W2Capitalist.com
This is mentoring session #2 with Preston - The Industrial Salesman. Preston is getting some clarity on how and what assets and strategy he wants to invest in. After this interview, he started to enter the busy season in his W2 so I look forward to catching up with him in a few months.
Key Takeaways From Today:
- Get Clarity on Your Strategy & Investing Criteria
- Importance of Having Resources
- How to Calculate Cash Flow
- What is a Capital Expense?
- Know Your Available Insurance Credits
- How to Calculate Cash-on-Cash Return
- How Higher Interest Rates Affect CashFlow (2008 crash)
- Potential in a $4,500 property
- Tax Deed vs Tax Lien
- Adverse Possession Law
- 2% Rule on MFRs
- How to Calculate Offer Price on MFRs
Episode Affiliate:
- Passive Real Estate Investor Academy
Links mentioned in this episode:
- The 10 Pillars of Wealth by Alex Becker
- EARN. INVEST. REPEAT. T-shirts
- Real Estate Investing for The W2 Employee Facebook Group
- W2 Capitalist - Mindset Calibration 6-week Course
- HelmsREI.com
Danny Randazzo is an author, entrepreneur, host of a real estate mastermind, investor, national speaker, and volunteer with The First Tee. He has over half a decade of professional experience working as a financial consultant. He advised multi-billion dollar companies and helped them achieve results in areas that include improved revenue performance, increased profit margin, and enhanced technology utilization. His passion for financial freedom started when he was five years old running small businesses to make extra money. In high school, he read real estate books and studied finance to understand the power of owning assets. His commercial real estate knowledge (from books) gave him and Caitlin the courage to buy their first investment property, which was a $1,000,000 office building. Within the company, Danny is focused on asset management, building relationships, investment analysis, planning, and all things finance.
Key Discussion Points:
- Raising Money from Family & Friends
- Transparency is the MOST important
- Build Credibility
- Fear of being Uncomfortable -> Feel the Pain!
- 1st Deal will be your most difficult
- Where is the market going?
- Focus on investing in your backyard
- Job and population growth are key indicators for potential markets
- Low hanging fruit to slash operating expenses
- The First Tee
Episode Affiliate:
- Passive Real Estate Investor Academy
Contact:
- Danny Randazzo
- PassiveInvesting.com
- RandazzoCapital.com
Links mentioned in this episode:
- The Boy Who Lost His Wallet by Danny Randazzo
- Way of The Warrior Kid by Jocko Willink
- Real Estate Investing for The W2 Employee Facebook Group
- W2Capitalist.com
- HelmsREI.com
Today I’m joined by Eric, small business owner near Palm Springs, FL for his second mentoring session. Eric has responded to the challenges from our first session but getting frustrated with the condition of the market.
Key Takeaways:
- Progress > Perfection
- Struggle to Find Properties
- Time Blocking for Success
- Owning up to the Struggle
- Take Time to Relax
Episode Affiliate:
- Passive Real Estate Investor Academy
Links mentioned in this episode:
- Real Estate Investing for The W2 Employee Facebook Group
- W2Capitalist.com
- HelmsREI.com
Omer and Kim have contracted 25 transactions in the 4 years they have focused on investing in real estate, and that comes with a year and a half of making offers before they went under contract on their very first property.
Contact Omer & Kim:
- Kim on Facebook
- Omer on Facebook
- AKO Construction on Facebook
Key Discussion Points:
- Importance of having your significant other onboard
- Focus on Your Health
- Business is Normal - No Matter What
- Most Delicious Way to Prepare Eggs
Episode Affiliate:
- Passive Real Estate Investor Academy
Links mentioned in this episode:
- The Book on Flipping Houses by J Scott
- Real Estate Investing for The W2 Employee Facebook Group
- W2 Capitalist Mastermind
- TheInvestingFireman.com
Simply put, today I resigned from the job I've been doing for the last 15 years in order to position my family into a better financial situation. To provide the opportunity to EARN MORE. INVEST MORE. REPEAT FASTER. Big changes coming to the Helms Household.
Key Takeaways:
- Booming Economy = Hot Job Market
- Take Your Time / Don't Do Something Stupid
- Let's Connect on LinkedIn
Episode Affiliate:
- Passive Real Estate Investor Academy
Links mentioned in this episode:
- EARN. INVEST. REPEAT. T-shirts
- Real Estate Investing for The W2 Employee Facebook Group
- W2 Capitalist - Mindset Calibration 6-week Course
- HelmsREI.com
- W2 Capitalist Mastermind
Today I'm joined by Traveling Salesmen Michale Zuber and Jamie O'Brien to discuss WHY being a Traveling Salesman is THE BEST JOB for a Real Estate Investor. They have me convinced.
Contact Michael: YouTube Channel
Contact Jamie: https://jamiebuyshousescash.com
Key Discussion Points:
- Know Your Investing Criteria
- What It Takes to Receive a Platinum Travel Rewards Card
- Difference Between a "Rookie" Racehorse and a Grey Haired Stud in the Barn.
- Thriving Through a Real Estate Downturn; not just living but THRIVING through the 2008 crisis.
Episode Affiliate:
- Passive Real Estate Investor Academy
Links mentioned in this episode:
- One Rental At A Time by Michael Zuber
- Real Estate Investing for The W2 Employee Facebook Group
- W2 Capitalist Mastermind
- HelmsREI.com
This is mentoring session #1 with Preston - The Industrial Salesman. Preston lives in Mobile, AL, has dabbled a little into real estate and unfortunately has had some partners that didn't work out. His fiancé is onboard with the whole real estate investing idea (KEY!) and main goal this year is to add $4,000 in Gross Passive Income from rentals.
Key Takeaways:
- Long Distance Investing - What Are Your Thoughts?
- Where Do I Start to Raise Money?
- What Would You Tell Your 25 Year Old Self?
- Spend Time Developing Investing Criteria
- Where is This Hot Market Going?
Episode Affiliate:
- Passive Real Estate Investor Academy
Links mentioned in this episode:
- Professional Investors Guild
- EARN. INVEST. REPEAT. T-shirts
- Real Estate Investing for The W2 Employee Facebook Group
- W2 Capitalist Mastermind
- HelmsREI.com
Joe Fairless encouraging everyone to EARN. INVEST. REPEAT.
The full episode with Joe will be released in a few weeks.
Connect with Joe Fairless:
- JoeFairless.com
- Ashcroft Capital
- Best Real Estate Investing Advice Ever Podcast
Today I'm joined by Holly Morphew. She is a successful Financial Coach, Real Estate Investor and published author. Holly began teaching personal finance in 2006 as a service project with Rotary International. She received the prestigious “Rotarian of the Year” award in 2007/08 for her work in financial literacy. After a successful career in real estate and finance, Holly founded Financial Impact in 2016. Holly is recognized for her unique approach to money, which reinforces core values while creating wealth. Through workshops, courses, and masterminds, Holly has coached thousands to peace of mind and confidence with their money.
Key Discussion Points:
- Hiking Fourteeners and Finding Plane Crashes
- Difference Between Financial Coach & Financial Advisor
- Missing Link to Financial Education
- Go To School, Be a W2 Earner, Consume Debt - NO!
- Establishing a Lighthouse Fund
- Consumer Debt is a KPI of Our Economy
- Know the Highest/Best Use of Your Time/Income
- Discover Your Impact Factor
- Buying Rental Properties on Credit Cards?
- Performing vs. Non-performing Debt
- Pillars of Financial Independence
- Seasons of Building Wealth
Episode Affiliate:
- Passive Real Estate Investor Academy
Contact:
- Holly Morphew
- FinancialImpact.com
- Facebook | LinkedIn | Instagram | Twitter
Links mentioned in this episode:
- Real Estate Investing for The W2 Employee Facebook Group
- W2Capitalist.com
- HelmsREI.com
This is mentoring session #2 with Nick - The Corporate Recruiter. Nick currently lives in New Hampshire but is in the process of relocating his young family to Texas and with one turn-key rental in his portfolio, he is looking to house hack a small multi-family.
Key Takeaways:
- Primary House Under Contract - Buyer Wants Most of The Furniture
- Facing Your Fears, Focusing on Constructive Criticism
- Atlanta is an Hour Away From Atlanta
- Being Honest When Cancelling a Hotel Room Will Cost You
- Radeon Air Inspection
- Stronger Offers = Larger Down Payment
- Using LinkedIn to Expand Your Network
Episode Affiliate:
- Passive Real Estate Investor Academy
Links mentioned in this episode:
- EARN. INVEST. REPEAT. T-shirts
- Real Estate Investing for The W2 Employee Facebook Group
- W2 Capitalist - Mindset Calibration 6-week Course
- HelmsREI.com
Today I'm joined by Gino Barbaro from JakeandGino.com. Gino is an investor, business owner and entrepreneur. He has been investing in real estate for 15 years and has grown his multifamily to over 1100 units in just 6 years with over $70MM in assets. Gino is the best selling author of 'Wheelbarrow Profits', graduate of IPEC, a Certified Professional Coach and currently resides in Florida with his beautiful wife and six children.
Key Discussion Points:
- How Gino Sets Goals
- Equity Hounds
- Ultimate Goal of Financial Freedom
- How / When to Teach Your Kids About Financing & Saving
- Accepting Societal Change Input From Your Kids
- The American Dream is Dying, if not Dead
- Gino's Best Advice to Raise Money
- Gino's Best Advice to Stop Exchanging Time for Money
- Gino's Thoughts on Market Direction and if He is Worried
Episode Affiliate:
- Passive Real Estate Investor Academy
Contact:
- Gino Barbaro
- gino@jakeandgino.com
- www.jakeandgino.com
- Multifamily Mastery 3 Live
- Gaylord Palms, Orlando, FL
- October 19-20, 2019
Books Mentioned in this episode:
- Wheelbarrow Profits by Jake Stenziano & Gino Barbaro
- Start with Why by Simon Sinek
- Leaders Eat Last by Simon Sinek
- The Talent Code by Daniel Coyle
- Atomic Habits by James Clear
Links mentioned in this episode:
- Real Estate Investing for The W2 Employee Facebook Group
- W2Capitalist.com
- HelmsREI.com
Today I’m joined by Eric, small business owner near Palm Springs, FL for his first recorded mentoring session. Eric has never purchased a house but is anxious to get into REI so he can pursue more time being a missionary with his church and other organizations he is involved.
Key Takeaways:
- Rich Dad Poor Dad is foundational, required read.
- Real Estate puts a positive mark in your asset column that helps with tax liability.
- The phrases Forever Home & Dream Home are absolutely obnoxious.
- Goals change as you progress through chapters in your life.
- Eric walks a duplex with an inexperienced Realtor.
- Eric looks for partners for a down payment.
Episode Affiliate:
- Passive Real Estate Investor Academy
Links mentioned in this episode:
- Real Estate Investing for The W2 Employee Facebook Group
- W2Capitalist.com
- HelmsREI.com
Each month we focus on a different topic to study in the W2 Capitalist Mastermind and each month I bring in a virtual guest speaker who is an expert on that month's topic. For the month of March 2019 that topic was Negotiating and Marty Nemko is the perfect guest to discuss this with us. Here is why:
Marty's Resume Highlights:
- Career coached over 5500 students
- Author of the book Careers for Dummies
- In his 30th year of hosting "Work with Marty" on NPR-San Francisco
- Holds a Doctorate in Educational Psychology from UC Berkley
- Written 12 books and over 3,800 articles on the topic of psychology
Key Discussion Points:
- Most people want to be liked
- Cosmic Justice - Stick to the Merit of the Deal
- Why you SHOULD hold onto constructive criticism
- Why do most people struggle with identifying their own awesomeness?
- Best written negotiation strategies
- Why am I more interested in people liking me versus gaining the best deal and how it affects my negotiation skills.
Episode Affiliate:
- Passive Real Estate Investor Academy
Contact:
- Dr. Marty Nemko
- mnemko@comcast.net
- www.matrynemko.com
Links mentioned in this episode:
- Compensation Negotiation for Employees by Marty Nemko
- Never Split the Difference by Chris Voss
- Real Estate Investing for The W2 Employee Facebook Group
- W2Capitalist.com
- HelmsREI.com
This is mentoring session #2 with Brice - The Gold Mining Mechanic in North Pole, Alaska.
Key Discussion Points:
- More of Brice's backstory
- Building Relationships HUGELY important in REI
- Know the potential liabilities for any property
- Importance of grabbing actual financials on any potential acquisition
- Using a trusted resource to physically walk a long distance property
- Walk EVERY unit
Episode Affiliate:
- Passive Real Estate Investor Academy
Links mentioned in this episode:
- Real Estate Investing for The W2 Employee Facebook Group
- W2Capitalist.com
- HelmsREI.com
Today I'm joined by Financial Analyst/Underwriter Alex Felice. Alex and I connected through social media and he is here to answer why being a Financial Analyst is THE BEST job for a real estate investor. He has me convinced.
Contact Alex: BrokeIsAChoice.com
Key Discussion Points:
- You should manage risk, not fear it.
- 20 Year olds are idiots.
- Learn from other idiots.
- So easy to make money in this country. Being broke is a choice."
Episode Affiliate:
- Passive Real Estate Investor Academy
Links mentioned in this episode:
- Real Estate Investing for The W2 Employee Facebook Group
- W2Capitalist.com
- HelmsREI.com
This is mentoring session #1 with Nick - The Corporate Recruiter. Nick currently lives in New Hampshire but is in the process or relocating his young family to Texas and with one turn-key rental in his portfolio, he is looking to house hack a small multi-family.
Key Discussion Points:
- Intro to Nick
- Advantages of house hacking a small multi-family
- Build relationships with wholesalers
- Wholesalers are not Real Estate Investors, they ARE transaction artist!
- Amazon & Alibaba as a side hustle
Episode Affiliate:
- Passive Real Estate Investor Academy
Links mentioned in this episode:
- EARN. INVEST. REPEAT. T-shirts
- Real Estate Investing for The W2 Employee Facebook Group
- W2 Capitalist - Mindset Calibration 6-week Course
- HelmsREI.com
Today I'm joined by a few of my heroes (mainly because of their service but they are also kicking A$$ in REI). After talking with them I'm convinced Military Service Men and Women have THE BEST JOB when it comes to investing in real estate on the side, but don’t take my word for it. Hear it straight from these active duty and veteran service men and women:
- David Joseph Pere: active duty Marine, serving in Hawaii
- Patrick Daniel: active duty Navy, serving in Florida
- Tim Kelly: active duty Navy, serving in Florida
- Shelby Osborne: Army veteran, residing in North Carolina
Soldier Contact Info:
- David Joseph Pere (Marine):From Military to Millionaire
- Tim Kelly (Navy)
- Instagram | Facebook | LinkedIn
- Cell: 847-910-9161 (yep, that’s Tim’s real cell #)
- TheTimothyKelly.com
- Patrick Daniel (Navy): Maple House LLC
- Shelby Osborne (Army)
- Personal: Instagram | Facebook
- Five Pillars: Instagram | Facebook
- Pints & Properties MeetUp
Episode Affiliate:
- Passive Real Estate Investor Academy
Links mentioned in this episode:
- Real Estate Investing for The W2 Employee Facebook Group
- W2Capitalist.com
- HelmsREI.com
This is mentoring session #1 with Brice - The Gold Mining Mechanic in North Pole, Alaska.
Key Discussion Points:
- Intro to Brice
- Going from 2 units to 6 units
- Strategy of Doubling Doors with each new transaction
- Long Distance Investing
Episode Affiliate:
- Passive Real Estate Investor Academy
Links mentioned in this episode:
- Real Estate Investing for The W2 Employee Facebook Group
- W2Capitalist.com
- HelmsREI.com
While Lt. Mike (Maryland) and Capt. Ryan (California) are physically separated across the country, their real estate investing careers are just as distant. By that I mean Mike is more experienced with 30 rentals in his portfolio and also does some wholesaling and flipping while Ryan just sold his first rental and looking to reinvest in MFRs. Hear from these real world heroes as they fight fires and fight to build wealth for their families.
Key Takeaways:
- Champagne taste on a light beer budget
- Focusing on incoming producing activités during off-hours
- How having children changes your mindset about time vs. money
- Mapping everyday firefighting skills to real estate investing skills
Episode Affiliate:
- Passive Real Estate Investor Academy
Contact:
- Mike Webb: www.TheInvestingFireman.com
- Ryan Kinyon: rkinyon@gmail.com
- Jay Helms: www.HelmsREI.com
Links mentioned in this episode:
- Real Estate Investing for The W2 Employee Facebook Group
- W2Capitalist.com
- HelmsREI.com
The very first episode of the W2 Capitalist Podcast. A quick overview so you can hear the framework of the show and today I cover these main points:
- Who This Podcast is For
- How/When I Started Investing in Real Estate
- False Start in 2006 to Actively Investing in 2014