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Chris Long, the founder of Long Yards, shares his unique approach to self-storage investing. Long Yards focuses on providing storage solutions for businesses, particularly those with heavy equipment. Chris discusses how he determines demand for this type of storage, the stickiness of the business model, finding opportunities through new development or existing facilities, underwriting and expenses, lease agreements and tenant management, dealing with non-paying tenants, financing options, and balancing work and family life. He also emphasizes the importance of mindset and personal growth in building a successful business.

Set up with Stessa: https://stessa.sjv.io/c/2425882/1152983/14113

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How can you use real estate investing to break free from the 9-to-5 job and focus on your passion?

Host Taylor Loht interviews Zach Schnall, AKA DJ Bander, to share how he used his real estate portfolio to focus on his true passion: music. Zach shares his journey of utilizing union wages and early business success to save and invest in real estate, ultimately enabling him to dedicate his time to creating and performing music. Throughout this episode, Zach opens up about the strategies and systems he employed to build and manage his real estate portfolio without it becoming a distraction from his musical pursuits. He also shares valuable insights on identifying the right investment opportunities, the importance of building a strong network, and the challenges and benefits of 1031 exchanges.

[00:00 - 03:45] How did DJ Bander’s entrepreneur journey start?

• Saving and investing in real estate
• Balancing the time between real estate, marketing, and music
• The importance of having a diverse skill set to monetize

[03:46 - 14:00] Strategies for Building a Real Estate Portfolio

• The advantages of being a minority investor in larger properties
• The significance of hiring the right property managers and vendors
• Adapting investment strategies to fit available opportunities and capital

[14:01 - 18:36] Navigating 1031 Exchanges and Market Challenges

• The complexities and benefits of 1031 exchanges
• Deciding when to sell and pay taxes versus utilizing a 1031 exchange
• The impact of the cannabis industry on industrial real estate in Los Angeles

[18:37 - 28:11] Using Real Estate to Pursue Your Passions

• Using real estate income to buy time for starting other businesses or pursuing creative endeavors.
• The importance of living below your means and saving for future investments.
• DJ Bander’s advice for aspiring investors and entrepreneurs.

Quotes:

"You want to use real estate as a way to buy yourself time to do it, to start another business or to start something else." - DJ Bander

"Try to live on a half, to two thirds of what you make. If you do that, you have no choice but to make money and have more." - DJ Bander

Connect with DJ Bander:

Instagram: https://www.instagram.com/djbander/

Website: https://banderproductions.com/

Apply to Invest with Taylor at www.investwithtaylor.com

Track your wealth for free with Personal Capital, go to www.escapingwallstreet.com

Please leave a review and help others escape Wall Street and build wealth on Main Street!

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How can you build a successful land investing business that allows you to take vacations and step away from the day-to-day operations?

In episode 716, host Taylor Loht interviews Dan Haberkost, a young land investor who has built a business that enables him to do deals from a distance and take extended vacations. Dan shares his journey, starting at the age of 21, and discusses his approach to land investing. He explains how he focuses on interesting land deals in the Southeast, building teams and systems that allow him to step away from the business. Throughout the conversation, Dan shares valuable insights into his business model, his thoughts on the current market, and the importance of building a business with the right people and processes in place.

[00:00 - 06:45] Misconception about Land Investing

• How the land investing market works.
• Subdivisions with existing infrastructure VS. Raw Land.
• Using local experts to help assess deals in different markets.

[06:46 - 18:22] Identifying the Right Seller and Building Rapport to Close Deals

• Identifying your seller: who is it and what are their motivations?
• Building legitimacy and differentiating oneself from other investors is crucial for getting deals.
• Understanding short-term deals and long-term ones.

[18:23 - 25:33] Building a Business with Systems and Teams

• Learning the process yourself before hiring others is essential.
• Creating standard operating procedures (SOPs) and finding reliable title companies and realtors are key to success.
• Hiring the right people and improving the system.

[25:34 - 31:35] The Entrepreneur's Journey and Future Plans

• Building a network and working with referrals has been effective in finding good team members.
• There's no specific moment of "making it," and the focus should be on continual growth and pursuing enjoyable aspects of the business.
• Prioritizing people, planting long-term seeds, and maintaining perspective are essential for long-term success.

Quotes:

"Good people and good systems is the key, as with any business." - Dan Haberkost

"Business should never be the first priority. People should. Don't forget to plant the long-term seeds amongst all the short-term profits." - Dan Haberkost

Connect with Dan Haberkost:

Website: https://danhaberkost.com/

Podcast: Big Picture Blueprint

Apply to Invest with Taylor at www.investwithtaylor.com

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Taylor discusses the importance of eliminating distractions and staying focused on our goals. He shares his personal experience with implementing a system to eliminate digital distractions and the challenges he faced. Taylor emphasizes the need to restart and recommit to the elimination of distractions to maintain focus. He also highlights the negative impact of engaging with content that focuses on the problems in the world and encourages listeners to focus on the positive and the things they can control. Taylor concludes by encouraging listeners to build a system that eliminates negative influences from their information diet and prioritize what is important in their lives.

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How can you use your unique strengths to succeed in real estate investing, despite starting with limited funds?

In episode 714, host Taylor Loht sits down with Stephanie Cabral to talk about her journey from being an underemployed attorney to building a $3 million real estate portfolio as an accidental investor. Stephanie shares how she used the BRRRR (Buy, Rehab, Rent, Refinance, Repeat) strategy to build her portfolio, focusing on value-added improvements and creative financing techniques. She also shares her tips for managing properties remotely and the importance of building systems and teams to achieve time and location freedom. Stephanie's story is proof of the power of resourcefulness, determination, and seizing opportunities when they arise.

[00:00 - 06:05] From Underemployed Attorney to Real Estate Entrepreneur

• How Stephanie's journey began.
• Using a 203k loan for her first deal, gaining construction experience with minimal risk.
• The potential for appreciation and cash flow in real estate investing.

[06:06 - 13:38] Mastering the BRRRR Strategy

• Focus on value-add improvements to maximize appreciation.
• Techniques for cost-effective upgrades.
• Exploring creative financing options, such as hard money lending, private money, and tax credits.

[13:39 - 22:20] Building Systems and Teams for Time and Location Freedom

• The importance of creating checklists and standard operating procedures.
• Outsourcing tasks.
• Distributing the team to improve operations.

[22:21 - 29:37] Advice for Aspiring Investors

• Focusing on competitive advantages.
• Building relationships with potential partners.
• The benefits of self-managing properties for better tenant quality and cash flow, as well as the option of passive investing through syndications.

Quotes:

"The more nos you get, the closer you are to a yes." - Stephanie Cabral

"What are your competitive advantages, and how can you take advantage of that?" - Stephanie Cabral

"If you start a business that depends entirely on you, you didn't buy a business, you bought a job." - Stephanie Cabral, referencing Michael Gerber's "The E-Myth"

Connect with Stephanie Cabral:

Website: https://www.theleanlandlord.com/

Instagram: https://www.instagram.com/leanlandlord/

Apply to Invest with Taylor at www.investwithtaylor.com

Track your wealth for free with Personal Capital, go to www.escapingwallstreet.com

Please leave a review and help others escape Wall Street and build wealth on Main Street!

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In this episode, we speak with David Kamara, a long-time real estate investor, about his experience and knowledge of the market. They discuss the importance of patience in real estate investing and how to remain patient as the market changes. David emphasizes the need for a well-thought-out business plan and the importance of executing it operationally. They also talk about the challenges of real estate investing and the importance of focus in order to achieve success. David shares his insights on scaling a real estate portfolio and the role of property management in managing operations. He recommends the book 'The Millionaire Real Estate Investor' and shares his inspiration from the movie 'The Banker'. Finally, David advises his younger self to never sell anything in real estate.

Manage your properties with Stessa: https://stessa.sjv.io/c/2425882/1152983/14113

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What are the biggest risks when dealing with foundation issues, and how can real estate investors avoid expensive problems?

In episode 712, host Taylor Loht sits down with Bob Brown, a foundation repair expert who built a successful foundation repair business and invested in residential and commercial properties along the way. Bob shares how investors can arm themselves with knowledge when dealing with potential foundation issues and foundation contractors. He emphasizes the importance of seeking the advice and guidance of an independent, forensic engineer before approaching contractors. Bob also discusses the various technologies and solutions used in foundation repair, including foam, helical piers, and compaction grouting. Throughout the interview, Bob explains the importance of making informed decisions based on expert advice rather than relying on the opinions of foundation repair salespeople.

[00:00 - 03:51] Understanding the Foundation Repair Industry

• Bob Brown’s background in foundation repair and property investment.
• The role of foundation health in real estate investment.
• Misconceptions about foundation repair and the importance of expert assessment.

[03:52 - 10:43] Diagnosing Foundation Problems Correctly

• The necessity of having a civil engineer diagnose foundation issues.
• Challenges in finding unbiased assessments from contractors.
• The difference between engineers and sales-driven contractors in foundation evaluation.

[10:44 - 13:00] Economic Viability of Foundation Repairs

• Cost considerations in repairing vs. demolishing structures with foundation issues.
• Bob’s experience with large-scale foundation repairs and their economic implications.
• Identifying how bad the foundation damage is and how easy it is to fix.

[13:01 - 22:58] Advanced Foundation Repair Technologies

• Evolution of foundation repair technologies and their application.
• The benefits and limitations of using foam for leveling slabs.
• Comprehensive solutions for underpinning and soil stabilization.

[22:59 - 26:38] Questions Round

• Book: Foundational Repair Secrets by Bob Brown.
• Recommendations: Cosmos by Carl Sagan.
• The importance of eating, sleeping and exercising well.

Quotes:

"If you're doing those things and you're not an engineer, you're practicing engineering without a license." - Bob Brown

"Exercise, get the right amount of sleep, and eat right." - Bob Brown

Connect with Bob Brown:

Website: https://foundationrepairsecrets.com/

Apply to Invest with Taylor at www.investwithtaylor.com

Track your wealth for free with Personal Capital, go to www.escapingwallstreet.com

Please leave a review and help others escape Wall Street and build wealth on Main Street!

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How can preferred equity deals help developers navigate the current real estate market challenges while offering attractive returns to investors?

In episode 711, host Taylor Loht welcomes Darin Davis, a real estate investor who has successfully executed transactions approaching $1 billion through his investment firms. Darin shares his perspective on the current real estate market and how preferred equity deals can benefit both developers and investors. He talks about the challenges developers face in the current market, including rising interest rates, falling valuations, and reduced loan proceeds. Darin explains how preferred equity can help developers bridge the gap and complete their projects while offering investors attractive returns with a defined timeframe and a safer position in the capital stack. Darin emphasizes the importance of underwriting, and being focused on class A assets in prime locations. He also shares his perspective on the current market compared to previous recessions and offers advice for young people looking to build a strong financial foundation.

[00:00 - 05:40] Challenges Facing Developers in the Current Market

• Rising interest rates, falling valuations, and reduced loan proceeds.
• How preferred equity can help developers bridge the gap and complete their projects?
• Preferred equity offers investors attractive returns with a defined timeframe and a safer position in the capital stack.

[05:41 - 13:03] Navigating Preferred Equity Deals

• Due diligence and underwriting are crucial when evaluating preferred equity deals.
• Advice for Investors: look for deals with a significant amount of common equity behind their capital to provide a safety net.
• Preferred equity investors should have the ability to cure and take control of the asset if necessary.

[13:04 - 20:50] Focusing on Class A Assets in Prime Locations

• Why Darin's company focuses on class A assets.
• Targeting development projects near the end of construction or lease-up.
• Why preferred equity deals are easier to underwrite.
• Reputation is key in the real estate industry.

[20:51 - 24:09] Comparing the Current Market to Previous Recessions

• Darin’s perspective on the current market.
• Discounted assets VS Distressed assets in the current market.
• Opportunities for the next few years.

[24:10 - 32:41] Question Round

• Book recommendation: The One Thing by Gary Keller.
• Storytime: saving and preparing for life's unexpected turns.
• Advice for young people starting their financial journey.

Quotes:

"I would encourage young people to really focus on who and what you want to be early in your life because what happens in those first 10 years of your life for most everybody will determine what happens the rest of your life." - Darin Davis

“Find the one thing that you're good at and just go." - Darin Davis

Connect with Darin Davis:

Website: https://clubcapital.co/

Apply to Invest with Taylor at www.investwithtaylor.com

Track your wealth for free with Personal Capital, go to www.escapingwallstreet.com

Please leave a review and help others escape Wall Street and build wealth on Main Street!

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Summary

In this episode, Taylor discusses the book 'Crucial Conversations' and its impact on his personal and business life. He emphasizes the importance of dealing with others effectively and provides tools for navigating crucial conversations. The first tool is recognizing when a conversation is becoming crucial and taking the opportunity to bring down the temperature. The second tool is asking three important questions: what do I want for myself, what do I want for others, and what do I want for the relationship. Taylor concludes by encouraging listeners to practice these tools consistently and pick up a copy of 'Crucial Conversations' for further guidance.

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What strategies can real estate investors use to successfully transition from investing in single-family homes to commercial properties?

In episode 709, host Taylor Loht sits down with Adam Craig, the founding member of CLE Real Estate Group, to discuss his journey from single-family investing to non-residential commercial real estate. Adam shares valuable insights on how he navigated the challenges of transitioning to office and retail properties, the importance of aggressive marketing, and the advantages of managing commercial properties compared to residential ones. Throughout the conversation, Adam emphasizes the significance of buying right, finding the right tenants, and adapting to market conditions to succeed in the commercial real estate space.

[00:00 - 05:53] From Single-Family Homes to Office Buildings

• Adam's journey from owning 70 single-family homes to purchasing his first office building
• The impact of the pandemic on Adam's first leasing experience
• The realization that success in leasing during the pandemic could lead to greater opportunities

[05:54 - 10:22] Filling Office Vacancies

• Strategies for finding tenants: using Facebook marketing
• Offering nice buildings at competitive prices to attract tenants
• Raising private money for acquisitions and the importance of building a strong network

[10:23 - 15:44] The Art of Buying Right and Adding Value

• Focusing on value-add properties
• The range of rehab projects, from simple upgrades to complete renovations
• Balancing the intensity of rehab with the potential for increased value

[15:45 - 23:09] Diversifying with Retail

• Breaking large spaces into smaller units to attract more tenants
• The resilience of smaller retail tenants despite the challenges faced by larger players
• The suburban Cleveland market and the differences compared to major metro areas

[23:10 - 26:07] Lessons Learned and question round

• Recognizing the intensity of single-family investing and considering alternatives
• The value of mentorship and learning from experienced investors
• The wisdom of slowing down, enjoying life, and spending time with family

Quotes:

"It takes a lot of work, but when you can turn a $500,000 investment into a $1.5 million investment in a two-year period, it's worth the effort." - Adam Craig

"The good thing about real estate is there's so many avenues you can take." - Adam Craig

Connect with Adam Craig:

Website: https://www.cleinvest.com/

Instagram: https://www.instagram.com/adamtheinvestor/

Apply to Invest with Taylor at www.investwithtaylor.com

Track your wealth for free with Personal Capital, go to www.escapingwallstreet.com

Please leave a review and help others escape Wall Street and build wealth on Main Street!

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Zachary Jensen, a tax expert and real estate investor, joins us to talk about tax-advantaged retirement accounts, specifically the IRA and Roth IRA. They discuss the basics of the IRA, including contribution limits and deductions. They also explain the differences between Roth and traditional IRAs, highlighting the tax advantages of the Roth IRA. The conversation then delves into the backdoor Roth IRA strategy for higher income earners and the mega backdoor Roth IRA strategy, which allows for larger contributions. They discuss the tax implications of these strategies and the importance of consulting with a CPA. The episode concludes with book recommendations and advice from Zachary's future self. Join Stessa at www.escapingwallstreet.comInvesting with Taylor at www.investwithtaylor.com

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What does it take to build a successful real estate business and sell it to institutional buyers?

In episode 707, host Taylor Loht talks with Brittany Fairweather. She is a Licensed Real Estate Agent who managed to sell her company to institutional buyers. Her journey in the real estate world is an inspiring story of identifying opportunities, adapting to market shifts, and consistently delivering solutions that meet investors' evolving needs. Despite her unconventional start as a musical theater major, Brittany's entrepreneurial spirit and listening skills lead her to establish and sell multiple successful companies. Listen to this episode to learn how she managed to do it and earn valuable lessons in the real estate market.

[00:00 - 08:11] Starting the Real Estate Journey

• Brittany's transition from a musical theater major to the real estate industry.
• Her first real estate partnership opportunity with a mortgage brokerage.
• Recognizing the market cycles and finding the entrepreneurial journey.

[08:12 - 13:50] From Conventional Mortgage to Creating a New Model

• Establishing a private lending company.
• Their institutional approach attracted opportunities with banks, enabling them to scale.
• Growing strategically in the market.
• Diversification of their portfolio, market concentration, and client base.

[13:51 - 20:08] Selling Businesses and Embracing New Challenges

• Selling the lending company and auction platform to institutional buyers.
• The importance of having diverse capital sources.
• Listen to clients' needs and provide innovative solutions.

[20:09 - 25:20] Building a New Real Estate Empire

• Brittany's passion for real estate led her to start a new business.
• Sailing rental properties to institutional investors.
• The start of TRX Capital, which provides end-to-end financing for investors.

[25:21 - 28:48] Question round

• Brittany's advice from her 80-year-old self.
• The importance of having a good team.

Quotes:

“What we could attribute a lot of our success to is being able to listen to our clients and our relationships and our investors, and be able to provide a solution.” Brittany Fairweather

Connect with Brittany Fairweather:

Website: https://www.trxcapfund.com/

Instagram: https://www.instagram.com/trxcapfund/

E-mail: brittney@trxcapfund.com

Apply to Invest with Taylor at www.investwithtaylor.com

Track your wealth for free with Personal Capital, go to www.escapingwallstreet.com

Please leave a review and help others escape Wall Street and build wealth on Main Street!

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How can businesses grow while preserving their core values?

In episode 706, host Taylor Loht sits down with Jason Henneberry, the co-founder and COO of Tango Financial, Canada's largest mortgage brokerage. Jason shares his journey of scaling Tango Financial to fund over 4.7 billion in mortgages annually through strategic acquisitions and organic growth. He shares the challenges of change management, the importance of protecting the core business while expanding outwards, and the innovative strategies he employed to manage his time and energy across multiple ventures. Jason's wisdom and real-world experiences offer valuable lessons for entrepreneurs and leaders seeking to scale their businesses while maintaining a healthy work-life balance.

[00:00 - 04:17] Forecasting and Performance Management

• Utilize hard data and gut instincts to forecast performance.
• Establish reporting mechanisms that encourage honest and transparent communication.

[04:18 - 10:40] Scaling Through Strategic Acquisitions

• The early starts of Tango
• Identifying how change management is essential for the implementation of new processes.
• The importance of setting a vision.
• Domain expertise for successful acquisitions.

[10:41 - 17:04] Finding a long-term business opportunity

• Aligning your preparation to be ready when there is an opportunity.
• The importance of understanding market conditions and industry trends.
• How to keep going after finding a model that works?
• Test new ideas and initiatives outside the core business before integrating them.

[17:05 - 23:06] Time and Attention Management

• 60-day cycle with periods of execution followed by downtime for rest and planning.
• Align work cycles with natural downtime periods to promote work-life balance.
• The benefits of setting work periods.

[23:07 - 28:32] Advice for Entrepreneurs

• "Good to Great" by Jim Collins is Jason's number one book recommendation.
• The power of constantly creating.
• The importance of keep going.

Quotes:

"Protect the core and then expand outward.” - Jason Henneberry

“It's never the wrong time to try again. You don't have to wait until January 1st to give it another shot. You can restart.” - Taylor Loht

Connect with Jason Henneberry:

Instagram: https://www.instagram.com/jasonhenneberry/

Facebook: https://www.facebook.com/henneberryjason

TikTok: https://www.tiktok.com/@jasonhenneberry

Apply to Invest with Taylor at www.investwithtaylor.com

Track your wealth for free with Personal Capital, go to www.escapingwallstreet.com

Please leave a review and help others escape Wall Street and build wealth on Main Street!

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Investing with Taylor at www.investwithtaylor.com Start with Stessa at https://stessa.sjv.io/c/2425882/1152983/14113
In this episode, Coach Dan Gordon discusses the importance of addressing internal problems and overcoming fear in order to achieve success in business and real estate investing. He shares personal experiences and highlights the need to be kind to oneself and take risks. The key takeaway is to persist in the face of failure and learn from mistakes in order to grow and achieve greatness.

Takeaways
* Addressing internal problems is crucial for success in business and real estate investing. * Being kind to oneself and accepting fear as valid can help overcome internal barriers. * Persistence and learning from mistakes are essential for growth and achieving greatness. * Service and helping others can be a source of inspiration and motivation.

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Could understanding the mysterious 18.6-year real estate cycle be the key to unlocking unparalleled investment opportunities?

In this enlightening episode of the Passive Wealth Strategy Show, host Taylor Loht welcomes Chris Larson, a real estate investment guru with over two decades of experience. Chris delves into the intriguing concept of the 18.6-year real estate cycle, a pattern that has seemingly dictated the ebb and flow of property values throughout history. With a mix of personal anecdotes, historical analysis, and expert insights, Chris and Taylor explore how this cycle can impact investment strategies, the role of human psychology in market dynamics, and practical tips for navigating the inevitable ups and downs of the real estate market. Whether you're a seasoned investor or new to the game, this episode offers valuable perspectives on making informed decisions in an unpredictable landscape.

Christopher Larsen is the founder and Principal of Next-Level Income. After 18 years in the medical device industry he dedicates his time to helping others become financially independent through education and investment opportunities. Chris has been investing in and managing real estate for over 20 years. He has experience in development, private-lending, distressed debt as well as commercial office, and syndications including assets across: multifamily, self-storage, hotels, mobile home parks, car washes and senior housing. Since 2016 he has been actively involved in over $1.5B of real estate acquisitions.

[00:00:00 - 00:05:00] The Lure of Real Estate: Introduction to Chris Larson and the foundational concepts of real estate investment.

• Chris Larson's background and approach to real estate investment.
• The allure of high-margin properties and diversified investment strategies.
• Preparing for market fluctuations by accumulating cash.

[00:05:00 - 00:10:00] Unraveling the 18.6-Year Cycle: Deep dive into the concept of the 18.6-year real estate cycle and its historical significance.

• Historical patterns and the genesis of the 18.6-year cycle.
• The impact of demographics and deal specifics on investment decisions.
• The role of land value in real estate appreciation.

[00:10:00 - 00:15:00] Human Psychology & Market Dynamics: Exploring the influence of human nature and psychological patterns on real estate trends.

• Generational forgetting and the repetition of history in market cycles.
• The psychological underpinnings of investment decisions.
• The importance of understanding human behavior in predicting market movements.

[00:15:00 - 00:20:00] Black Swan Events & Real Estate: Discussing the impact of unforeseen global events on the real estate cycle.

• The role of black swan events in disrupting traditional market cycles.
• Potential future risks, including the U.S. debt level and currency crises.
• Strategies for mitigating risks associated with unpredictable global events.

[00:20:00 - 00:25:00] Practical Investment Strategies: Practical tips for navigating the real estate market based on the cycle's insights.

• Importance of low leverage and high-quality investments nearing cycle downturns.
• The value of maintaining cash reserves and liquidity.
• Long-term trend betting versus short-term speculation.
• Book recommendation: The Secret of Real Estate and Banking
• Who inspires Chris?: Elon Musk

Quotes:

"Understanding the 18.6-year cycle gives us a lens through which to view potential investment opportunities and risks." - Chris Larson

"Real estate is not just about the structures we build but the land upon which they stand." - Chris Larson

Connect with Chris:

Website: https://nextlevelincome.com/

Apply to Invest with Taylor at www.investwithtaylor.com

Track your wealth for free with Personal Capital, go to www.escapingwallstreet.com

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Learn about investing with Taylor at www.investwithtaylor.com Summary

Joseph Gozlan, a commercial real estate investor and broker, discusses his investment strategies in retail and industrial properties. He focuses on triple net properties, where the landlord passes on expenses to the tenant. In the retail space, he looks for neighborhood retail strips that cater to service-based businesses. He explains that while Amazon has disrupted retail, there is still a need for physical stores. In the industrial space, he prefers flex buildings that cater to blue-collar businesses, e-commerce startups, and individuals with storage needs. He also compares the lease terms and market dynamics of retail/industrial to multifamily/residential properties.

Takeaways

Triple net properties allow landlords to pass on expenses to tenants, making them a favorable investment option.
Neighborhood retail strips that cater to service-based businesses are still in demand despite the rise of e-commerce.
Flex industrial buildings are versatile and cater to blue-collar businesses, e-commerce startups, and individuals with storage needs.
Lease terms and market dynamics differ between retail/industrial and multifamily/residential properties, making each asset class suitable for different market conditions.

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How can small business owners find financial peace of mind while still pursuing entrepreneurial ventures?

In this episode, Amanda Neely shares her journey from coffee shop owner to certified financial planner. She offers insights on achieving financial stability for small business owners, securing flexibility and work-life balance as an entrepreneur, and discovering fulfillment by serving others. Her story is a proof of resilience, strategic planning, and the importance of building a supportive community around your entrepreneurial ventures.

[00:00 - 13:57] Rethinking the professional path

• Analyzing where you are on your journey and where you would like to go.
• Breaking points and decision making.
• Following a timeline and a financial plan.
• Taking advice from a mentor.

[13:58 - 16:44] Redefining Financial Freedom

• Defines financial freedom not by money but by impact through mentoring others.
• Focuses first on family and community, knowing the money will follow.
• Sets guardrails so she can give value without giving everything away.

[16:45 - 19:42] Getting out of risk of bankruptcy

• Switched from paying down debt to saving into an emergency fund policy.
• Used policy loans rather than savings to pay off debt all at once.
• Became "own source of financing" with more control.

[19:43 - 25:27] Crafting Routine for Both Business and Family

• Uses daily anchors like cooking dinner to transition from work mode.
• Finding support with her husband to balance work and family time.

Quotes:

"You've got to do it with a team. You can't do it on your own." - Amanda Neely

"Financial freedom for me is... about the impact, how my time is being used." - Amanda Neely

Connect with Amanda:

Website: https://www.wealthwisdomfp.com/

Apply to Invest with Taylor at www.investwithtaylor.com

Track your wealth for free with Personal Capital, go to www.escapingwallstreet.com

Please leave a review and help others escape Wall Street and build wealth on Main Street!

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How can the conservative yet burgeoning market of Salt Lake City redefine multifamily real estate investing in an era of economic fluctuations?

In this episode, Taylor Loht welcomes Brian Briscoe, a seasoned real estate investor and retired U.S. Marine, to discuss the intricacies of multifamily real estate investing, particularly in the promising market of Salt Lake City, Utah. Amid high-interest rates and market turmoil, Brian shares his journey from military service to real estate success, focusing on strategic market selection, the importance of growth areas, and navigating current challenges. Their conversation offers invaluable insights into long-term investment strategies, the impact of economic cycles on real estate, and the potential of Salt Lake City as a prime investment location.

Brian Briscoe is the founder and Visionary of Streamline Capital Group and has been a general partner in 1100 units worth over $120 million and has been lead sponsor, asset manager, capital raiser, and key principal on these properties. He founded Streamline Capital Group to provide long-term growth and cash flow for its investors.

[00:00:00 - 00:05:00] The Strategic Pivot to Salt Lake City

• Brian's shift to focusing on Salt Lake City for multifamily investments.
• Salt Lake City's rapid growth and vibrant economy offer unique investment opportunities.
• The importance of selecting a market with potential for long-term growth.
• Navigating high interest rates and prices by focusing on strategic geographical areas.

[00:05:00 - 00:10:00] Navigating Market Challenges

• Discussion on the current state of the market and strategies for dealing with distressed properties.
• Salt Lake City's conservative fiscal culture minimizes distressed property occurrences.
• Strategic acquisitions in a tight market.
• The role of patience and timing in capitalizing on market challenges.

[00:10:00 - 00:12:00] Education and Aspirations in Real Estate

• Brian talks about the slowdown in real estate education interest and maintaining aspirations.
• The impact of market conditions on education and new investor entry.
• The importance of timing and preparation in real estate investing.
• Encouragement to persist despite challenging market conditions.

[00:12:00 - 00:15:00] Adapting Business Strategies

• Exploring the value-add business model and adjustments to business plans.
• The necessity of flexible exit strategies in uncertain times.
• Adapting investment strategies to current market conditions.
• The shift towards assuming loans for better investment terms.

[00:15:00 - 00:19:00] Loan Assumption and Closing Thoughts

• Insights into the loan assumption process and Brian's personal and professional reflections.
• The benefits and challenges of loan assumption as a strategy.
• The importance of a strong team and financial qualifications.
• Reflections on personal motivations and long-term visions in real estate.
• Book recommendation: The Book of Mormon
• Who inspires Brian?: His kids.

Quotes:

"The best thing you can do is pick an area that's going to grow." - Brian Briscoe

"The pendulum rarely stays on one extreme for very long." - Brian Briscoe

Connect with Brian:

Website: https://www.streamlinecapitalgroup.com/

Apply to Invest with Taylor at www.investwithtaylor.com

Track your wealth for free with Personal Capital, go to www.escapingwallstreet.com

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First article: https://www.justice.gov/usao-nj/pr/leader-real-estate-investment-firm-admits-role-658-million-ponzi-scheme-and-multimillion

Second article: https://patch.com/new-jersey/secaucus/nick-salzano-secaucus-pleads-guilty-658-million-ponzi-scheme

Someone just pled guilty to a heap of charges on a $658 Million Ponzi scheme with National Realty Investment Advisors (NRIA). What can real estate investors learn so we can protect ourselves and avoid investing in a Ponzi scheme?

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Can the bridge between institutional-level real estate analytics and the individual investor not only demystify the market but also unlock unprecedented opportunities for wealth building?

In this episode of the Passive Wealth Strategy Show, host Taylor Loht welcomes Trevor Richardson from Address Income, revealing the fusion of technology and personalized expertise in real estate investing. Discover how Trevor's innovative brokerage is revolutionizing the way investors, from beginners to veterans, navigate the complexities of the market with institutional-level analytics tailored for the individual. With insights into avoiding common pitfalls and leveraging data for smarter investment decisions, this conversation is a treasure trove for anyone looking to elevate their real estate investment game.

Born and raised in Reno, Nev., Trevor launched his real estate career as operations manager for multiple private equity funds that focused on acquiring and renovating distressed residential assets in northern Nevada and northern California. Trevor graduated in 2010 with a B.A. in journalism with an emphasis in public relations from the University of Nevada, Reno.

[00:00:00-00:03:00] Revolutionizing Real Estate Brokerage

• Address Income's mission to provide institutional analytics to individual investors.
• The importance of technology in identifying the best market deals.
• How personalized oversight ensures the data translates into actionable insights.

[00:03:00-00:09:00] Blending Technology with Human Insight

• The evolution from flipping properties to offering comprehensive brokerage services.
• Address Income's unique approach to market analysis and property underwriting.
• The role of a broker in today's technology-driven market.

[00:09:00-00:15:00] Demystifying Institutional Analytics for the Individual Investor

• How Address Income predicts rents and property values with advanced analytics.
• The significance of monthly income in property analysis.
• Strategies for applying institutional insights to the individual investor's advantage.

[00:15:00-00:21:00] Avoiding Pitfalls in Real Estate Investment

• The dangers of over-reliance on data without proper analysis.
• The value of a dual-level analysis approach in investment decisions.
• The critical importance of understanding market cycles and investor goals.

[00:21:00-00:27:00] Navigating the Challenges and Opportunities in Reno's Market

• Understanding the unique aspects of the Reno real estate market.
• The importance of setting realistic investment goals based on market conditions.
• Strategies for dealing with tenant relocation and maximizing cash flow.
• Who inspires Trevor?: Having a game mentality

Quotes:

"We're not just looking at properties; we're analyzing the market." - Trevor Richardson

Our goal is to make institutional-level analysis accessible to everyone." -Trevor Richardson

Connect with Trevor:

Website: https://www.addressincome.com/

Apply to Invest with Taylor at www.investwithtaylor.com

Track your wealth for free with Personal Capital, go to www.escapingwallstreet.com

Please leave a review and help others escape Wall Street and build wealth on Main Street!

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Investing with Taylor at www.investwithtaylor.comManage your properties with Stessa: https://stessa.sjv.io/c/2425882/1152983/14113
In this episode, Taylor interviews Aundre Oldacre, the managing partner at Aora Development, about sustainable development and its impact on the real estate industry. They discuss the challenges and opportunities of implementing sustainable practices, the role of incentive programs in offsetting development costs, and the importance of evaluating properties based on their sustainability ratings. Aundre shares insights into replacing gas boilers with sustainable alternatives and navigating regulatory red tape. The conversation also touches on the impact of high interest rates and the changing market dynamics in New York City. Overall, the episode provides valuable information for investors interested in sustainable development.

Takeaways

• Incentive programs can help offset the costs of implementing sustainable practices, but they may not cover the entire expense, leading to upward pressure on rents.
• Replacing gas boilers with sustainable alternatives, such as electric boilers or heat pumps, is a key aspect of sustainable development.
• Properties with a sub one Debt Service Coverage Ratio (DSCR) may initially have insufficient net operating income to cover mortgage costs, but strategic cost-cutting measures can improve the financial position.
• Evaluating properties based on their sustainability ratings can help identify potential red flags or opportunities for improvement.
• Rent-regulated properties may present additional challenges and considerations in terms of sustainability and investment potential.
• Sellers may need to adjust pricing to account for the end of tax abatements, and buyers must carefully evaluate the risks associated with these properties.
• Regulatory red tape, such as permitting issues and electrical service limitations, can pose challenges when making sustainable updates to properties.
• The timeframe for completing sustainability updates can vary depending on the scope of work and regulatory requirements.
• There are resources available for individuals interested in learning more about sustainable development and building their skill set in this area.

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Can private credit transform the future of agriculture and help preserve family farms in an era of financial and environmental challenges?

In this enlightening episode of the Passive Wealth Strategy Show, host Taylor Loht welcomes Chris Rawley, founder of Harvest Returns, for a deep dive into the innovative world of private credit within the agriculture sector. Rawley shares his journey from a Navy captain to revolutionizing agricultural finance, offering insights into the challenges and opportunities facing farmers today. Through discussions on loan structures, investment strategies, and the broader implications for the agricultural industry, this episode sheds light on how private credit is becoming a vital tool for growth and sustainability in farming.

While serving as a career naval officer, Chris Rawley visited dozens of war-torn and poverty stricken countries and began to appreciate the importance of agriculture to every single person on earth. As a professional investor with this new found appreciation, he decided to invest in a farm, but quickly discovered that these types of assets were inaccessible to the average person. The problem drove him to create Harvest Returns in 2016 to democratize investments in agriculture.

[00:00:00 - 00:04:59] The Genesis of Harvest Returns

• Introduction to Chris Rawley and Harvest Returns.
• The inspiration behind starting Harvest Returns.
• Challenges in traditional agricultural financing.
• The role of private credit in modern farming.

[00:05:00 - 00:09:59] Navigating the Terrain: Private Credit in Agriculture

• Exploring the types of loans and borrowers.
• The significance of private credit for farmers.
• How Harvest Returns customizes financial solutions.
• The impact of regulations on banking and lending.

[00:10:00 - 00:14:59] Risk Management and Investment Strategies

• Strategies for managing risks in agricultural investments.
• The role of collateral in securing loans.
• Insights into the global influence on agricultural markets

[00:15:00 - 00:19:59] The Future of Farming and Finance

• The potential for innovation in the agricultural sector.
• Challenges of consolidation in farming.
• The importance of sustainable investment practices.

[00:20:00 - 00:23:59] Reflections and Insights

• The value of continuous movement and innovation.
• Lessons from Elon Musk's approach to entrepreneurship.
• The critical role of resilience in personal and professional life.
• Book recommendation: Elon Musk
• Who inspires Chris: Elon Musk

Quotes:

"We're a platform we started... to give people access to investments in farming and ranching and agriculture." - Chris Rawley

"Keep moving, and if you're not moving, you're dying... it's, it's, you know, in your business, in your personal relationships in your investing career, you, you gotta, you gotta be moving forward." - Chris Rawley

Connect with Chris:

Website: https://www.harvestreturns.com/

Apply to Invest with Taylor at www.investwithtaylor.com

Track your wealth for free with Personal Capital, go to www.escapingwallstreet.com

Please leave a review and help others escape Wall Street and build wealth on Main Street!

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How can renting properties room by room not only maximize your rental income but also provide affordable housing solutions for students, all while navigating the challenges of property management and tenant selection?

In this eye-opening episode of the Passive Wealth Strategy Show, host Taylor Loht interviews Ryan Chaw, a real estate investor who achieved millionaire status by 28 through his innovative room-by-room rental strategy across the country. Ryan shares his journey from a recently retired pharmacist to a real estate mogul, providing invaluable insights into selecting the right markets, managing properties remotely, and strategically catering to college and grad students to create significant cash flows. Discover Ryan's approach to overcoming common landlord challenges, his methods for market analysis, and the systems he's put in place to ensure his investments remain passive yet highly profitable.

Ryan Chaw is a real estate investor with a multiple six-figure real estate portfolio, which he built on the side while working his full-time job. He has previously been featured on sites like Business Insider and BiggerPockets. Ryan also regularly shares his advice on industry podcasts and blogs and speaks at industry events. He graduated with a Doctor of Pharmacy at age 23 and has since been working as an Infectious Diseases and Pediatric Pharmacist.

[00:00:00 - 00:05:00] Breaking the Mold: Room-by-Room Rentals

• Ryan's unique investment strategy focuses on maximizing rental income by renting out individual rooms.
• Targeting college and grad students as tenants offers a stable demand.
• The importance of location and property selection to minimize risks and maximize returns.

[00:05:00 - 00:10:00] The Blueprint to Millionaire Status

• Ryan's path to financial independence through real estate investment.
• How leveraging student housing can lead to significant cash flow.
• Strategies for selecting properties and managing them efficiently to maximize income.

[00:10:00 - 00:15:00] Overcoming Challenges: Tenant Management & Maintenance

• Effective strategies for managing tenant relations and expectations.
• Tips for minimizing maintenance issues and handling repairs.
• The importance of creating a tenant-proof property to reduce wear and tear.

[00:15:00 - 00:20:00] Scaling Up: From Local to National

• Ryan's approach to expanding his investment portfolio across states.
• The critical role of market analysis in identifying new investment opportunities.
• Techniques for remote management and ensuring consistent standards across properties.

[00:20:00 - 00:25:00] Vision for the Future: Goals and Aspirations

• Ryan's long-term vision for his real estate portfolio and impact on affordable student housing.
• The importance of continuous learning and self-improvement in achieving success.
• Ryan's commitment to mentoring and sharing his knowledge with aspiring investors.
• Books recommendation: Millionaire Real Estate Investor, The Traction Book
• Who inspires Ryan?: His grandfather.

Quotes:

"By targeting high-quality students and utilizing strategic locations, we're able to minimize typical landlord headaches while providing value to our tenants." - Ryan Chaw

"Real estate isn't just about investing in properties; it's about investing in communities and making a positive impact." - Ryan Chaw

Connect with Ryan:

Website: www.newbierealestateinvesting.com/guide

Apply to Invest with Taylor at www.investwithtaylor.com

Track your wealth for free with Personal Capital, go to www.escapingwallstreet.com

Please leave a review and help others escape Wall Street and build wealth on Main Street!

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Read the thread: https://twitter.com/bhallcpa/status/1752329561272963265 Taylor takes us through the complexities of tax strategies associated with short-term rental investing, particularly focusing on the so-called "short-term rental loophole." As an experienced investor, Taylor breaks down the misconceptions and misinformation circulating in the community and provides a critical look at how this tax strategy is frequently misunderstood and misused.

Taylor highlights a story from Brandon Hall, a CPA and tax expert specializing in real estate, to unravel a cautionary tale of an investor who unsuccessfully attempted to exploit this tax strategy, illustrating the consequences of improper application. The conversation shines a light on the importance of adhering to IRS guidelines and understanding the nuances of real estate tax law.

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Why has value-add multifamily investing in tertiary markets provided scalable opportunities for real estate entrepreneurs like George?

Summary: Former data scientist George Roberts shares key lessons from his journey transitioning from single family to becoming a full-time multifamily syndicator. Topics discussed include leveraging virtual assistants, investing in tertiary markets, assessing economic fundamentals, smaller multifamily deals, vetting potential partners, and going "all in" as an entrepreneur.

When he is not running one of his active investments, you can find George hosting

“The Foundery – Where Leaders are Forged Daily!” a podcast devoted to the role that entrepreneurship, leadership, and mindset play in success in the commercial real estate space. He also hosts the weekly “CRE Network at Noon Eastern” Zoom meetup for investors and other commercial real estate players every Wednesday at noon Eastern.

[00:02:00-00:04:00] From Single Family to Multifamily Syndicator

• George started with single-family investing while working in tech, then made a strategic shift into multifamily to invest at scale.
• He immediately hired a virtual assistant agency to build efficient systems and processes.
• George focused on passive multifamily investing so he could keep his full-time job initially.

[00:04:00-00:07:00] Virtual Assistants Enable Lifestyle and Growth

• Instead of writing SOPs, George records videos of processes for the VA to follow. This saves massive time.
• The VA handles podcast editing and other tasks, freeing up George's time for higher priorities.
• George encourages his VAs to improve their expertise in areas like video editing continually.

[00:07:00-00:10:00] Investing in Tertiary Markets

• George targets smaller tertiary markets with economic upside and migration patterns.
• He can find below market value deals from mom-and-pop operators in these markets.
• Less competition allows for negotiating attractive purchase terms.

[00:10:00-00:13:00] Assessing Fundamentals of Tertiary Markets

• George analyzes positive demographic and migration trends pointing to growth.
• He also examines indicators like transportation access and development.
• Favorable supply/demand dynamics are key.

[00:13:00-00:17:00] Smaller Multifamily Deals Offer Advantages

• Deals from 20-80 units have less competition from institutional players.
• This allows for finding off-market opportunities and negotiating attractive terms.
• Smaller deals provide flexibility if the market shifts.
• Book recommendation: The 7 Habits of Highly Effective People
• What inspires George?: Adventure!

Quote:

"When things go wrong, if you're, you have a little less leverage versus the amount of money that you could have put on the side for that rainy day. How long do you get to survive? It's huge" - George Roberts

Connect with George:

Website:

https://robertscapitalenterprises.com/

Apply to Invest with Taylor at www.investwithtaylor.com

Track your wealth for free with Personal Capital, go to www.escapingwallstreet.com

Please leave a review and help others escape Wall Street and build wealth on Main Street!

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Investing with Taylor at www.investwithtaylor.comManage your properties with Stessa https://stessa.sjv.io/c/2425882/1152983/14113Get in touch with Austin: www.curryconsulting.co Summary
Austin Curry, a full-time real estate investor, shares his journey of transitioning from a corporate career to real estate investing. He discusses his investment focus, portfolio, and the shift in his investment model. Austin explains why he decided to move away from syndication and focus on smaller properties. He also shares insights on time management as a full-time investor and offers advice for those looking to make the transition from corporate to real estate. Overall, Austin's story highlights the importance of clarity, purpose, and flexibility in building a successful real estate career.
Takeaways
* Focus on markets with strong fundamentals and population/job growth. * Consider shifting investment strategies based on market conditions and personal goals. * Create a balance between work and personal life as a full-time investor. * Give yourself a financial runway and clarity of purpose before transitioning to full-time real estate investing.

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Have you ever wondered how real estate investors save millions on taxes using a method approved by the IRS but not widely understood?

In this enlightening episode, host Taylor Loht invites cost segregation expert Joseph Viery to demystify one of the most potent yet underutilized tools in real estate investment - cost segregation. Joseph breaks down complex tax codes into actionable strategies that can lead to significant tax savings for property owners. Whether you're a seasoned investor or new to real estate, Joe's insights into accelerating depreciation, navigating IRS guidelines, and leveraging cost segregation studies will equip you with the knowledge to enhance your investment returns.

Joseph is the Principal at US Tax Advisors Group, Inc (USTAGI). As a Cost Segregation Professional, he has helped property owners defer or eliminate millions of dollars in income taxes by leveraging cost segregation studies. Joseph has performed thousands of Cost Segregation studies for clients in various industries ranging from $500,000,000 commercial properties to $50,000 single-family residences.

[00:00:00 - 00:04:59] Unlocking Tax Savings: Discover the basics of cost segregation and its history, highlighting how it can transform your tax strategy.

• Cost segregation accelerates depreciation, offering immediate tax savings.
• The practice became widely endorsed by the IRS following a pivotal 1997 court case.
• Understanding IRS guidelines is crucial for a compliant and effective cost segregation study.

[00:05:00 - 00:09:59] Choosing the Right Study: Learn the difference between engineering-based and online cost segregation studies.

• Engineering-based studies offer a robust defense during audits.
• The complexity of a property can dictate the type of study needed.
• Cheaper online options may lack the detailed analysis required by the IRS.

[00:10:00 - 00:14:59] Depreciation Recapture and Strategy: Navigating the implications of selling your property and the strategic role of cost segregation.

• Cost segregation can actually reduce depreciation and recapture taxes.
• The importance of planning for the long-term ownership of properties.
• Utilizing 1031 exchanges to defer taxes further.

[00:15:00 - 00:19:59] Impact of Changing Tax Laws: Discussion on how recent changes in bonus depreciation affect real estate investors.

• Bonus depreciation has been a boon, but the core benefits of cost segregation remain.
• Planning your tax strategy around current laws is essential.
• The value of cost segregation does not diminish with changes in bonus depreciation rates.

[00:20:00 - 00:23:59] Building a Real Estate Team: Joe shares personal anecdotes and the importance of surrounding yourself with experts.

• The right team can save you more than they cost.
• Leveraging the expertise of professionals for better decision-making.
• Joe's journey from starting in finance to becoming a cost segregation expert.
• Book recommendation: Think and Grow Rich
• Who inspires Joseph?: Podcasting and masterminds.

Quotes:

"Owning real estate is powerful and the tax advantages are huge." - Joseph Viery

"Accelerated depreciation has been around for over 50 years, but it's more relevant today than ever." - Joseph Viery

Connect with Joseph:

Website: https://ustagi.com/

Apply to Invest with Taylor atwww.investwithtaylor.com

Track your wealth for free with Personal Capital, go to www.escapingwallstreet.com

Please leave a review and help others escape Wall Street and build wealth on Main Street!

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Is debt investing the hidden gem of real estate wealth building, offering stability and returns in a volatile market?

Host Taylor Loht welcomes Matt Rodak, founder and CEO of Upright, to unravel the complexities and advantages of debt investing in real estate. Matt shares his journey from landscaping for fix-and-flip investors to creating a platform that bridges the gap between active real estate investors and passive debt investors. This episode dives deep into the intricacies of debt versus equity investing, highlighting how individuals can build wealth in real estate by becoming lenders rather than landlords. Through Matt's insights, listeners will explore the strategic benefits of debt investing, including risk management, investment returns, and the evolving landscape of real estate financing.

Matt Rodak is the CEO and Founder of Fund That Flip, which was founded in 2014. Matt developed the premise of this fintech company because he was struggling to get access to stable, reliable, and fast capital for his own real estate projects. Since then, Fund That Flip has grown into an end-to-end financial technology platform that helps real estate entrepreneurs and investors transform their neighborhoods and communities. Matt has been featured on the Bigger Pockets Business Podcast, Forbes magazine, and countless other publications.

[00:00:00-00:05:00] The Genesis of Upright: Matt Rodak's transition from real estate enthusiast to debt investing pioneer.

• Matt's early exposure to real estate through a landscaping business.
• The motivation behind creating a platform for debt investing.
• The impact of peer-to-peer lending on Matt's investment strategy.

[00:05:00-00:10:00] Debt vs. Equity: Analyzing the pros and cons from an investor's perspective.

• The fundamental differences between debt and equity investing.
• Risk and return profiles of debt investments.
• The concept of loan-to-value ratios and their significance.

[00:10:00-00:15:00] Navigating Rising Interest Rates: Adapting strategies in a fluctuating economic environment.

• Impact of federal rate changes on debt investing.
• The evolution of interest rates in Matt's lending practice.
• How Upright remains competitive and relevant amidst economic shifts.

[00:15:00-00:20:00] Project and Borrower Selection: The underwriting process and criteria for successful lending.

• Importance of experience in potential borrowers.
• The shift towards new construction financing.
• How Upright evaluates and selects projects for investment.

[00:20:00-00:25:00] Future of Single-Family Housing: Predictions for the next decade in real estate.

• Demographic trends influencing housing demand.
• Challenges and opportunities in single-family housing development.
• Matt's vision for Upright and the real estate market.
• Book recommendation: How to Win Friends and Influence People
• Who inspires Matt?: His sons.

Quotes:

"We think there's a very long tailwind... around single-family housing." - Matt Rodak

"You can always make more money, but you can't make more time." - Matt Rodak

Connect with Matt:

Website: https://www.upright.us/

Apply to Invest with Taylor at www.investwithtaylor.com

Track your wealth for free with Personal Capital, go to www.escapingwallstreet.com

Please leave a review and help others escape Wall Street and build wealth on Main Street!

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Brandon Hall's Twitter post: https://twitter.com/bhallcpa/status/1757117679180148949

In the latest episode of the Passive Wealth Strategy Show, host Taylor dives into the critical topic of tax strategies and investing advice, particularly those trending on social media platforms like TikTok. The conversation revolves around a cautionary tale; an investor who lost an IRS tax case from taking misinformed advice online about luxury car deductibles. The episode calls attention to the importance of seeking professional advice when navigating the nuances of real estate tax laws to avoid potential pitfalls.

Taylor emphasizes the risks of following trending tax advice without proper guidance by highlighting CPA Brandon Hall's thread about a businessman's tax court misadventure. The episode is enriched with crucial steps about correctly documenting business vehicle deductions, reinforcing the notion that real estate offers tax advantages only when leveraged correctly with the help of a professional.

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What are the key differences investors should know about when considering self-storage opportunities - from small "mom & pop" facilities to large portfolios owned by REITs?

Self-storage expert investor Tom Flannigan shares his deep knowledge of the self-storage investment landscape, including the pros and cons of small versus large operators, how to evaluate market supply and demand dynamics, passive investing considerations, and more.

Tom Flannigan is the Argus Self Storage Advisors affiliate for Minnesota, Iowa, and the Dakotas. Since 2012, he has specialized in the ac­quisition, disposition and evaluation of self storage properties of all types and sizes. Tom has successfully represented sellers and buyers of properties ranging from $300K to over $18 million. Tom is the Managing Director of Area CRE Services in Minneapolis and leads a team of Storage Advisors responsible for selling over $500 million of self storage facilities in the Midwest.

[00:02:00] Types of Self Storage Owners

• REITs focus on major markets and stabilized assets in large portfolios
• Deals under $10M are common, with many under $3M - good for smaller buyers
• Direct investing requires operational capabilities - rentals, maintenance, etc.

[00:05:00] What REITs Look For

• REITs pay top dollar for stabilized deals in big portfolios
• Not interested in heavy lifts or value-add deals
• Creates opportunities for mid-sized and smaller operators

[00:09:00] Evaluating Market Supply

• Focus more on achieved rental rates vs. supply metrics
• Do rental rate surveys to estimate actual market rates
• Be wary of posted web rates vs. actual rates

[00:13:00] Why Invest Passively

• Hands-off wealth building compared to direct operating
• Don't have to deal with maintenance, tenants, etc.
• Can get exposure alongside experienced sponsors

[00:16:00] Evaluating Passive Deals

• Deal terms - return splits, fees charged matter
• Sponsor track record essential
• Total package - deal, terms, sponsor
• Book recommendation: The 7 Habits of Highly Effective People
• Who inspires Tom?: His mentors

Quotes:

"At least half of [self-storage] transactions across the country are going to be under $3 million and a lot of those even under $2 million." - Tom Flannigan

"I would be much more fixated on whether the market is achieving 60, 70. 20 per square foot versus like a dollar, 1. 20 per square foot. That's a huge difference." - Tom Flannigan

Connect with Tom:

Website: https://www.selfstorage.com/

X: https://twitter.com/TomStorage

Apply to Invest with Taylor at www.investwithtaylor.com

Track your wealth for free with Personal Capital, go to www.escapingwallstreet.com

Please leave a review and help others escape Wall Street and build wealth on Main Street!

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Investing with Taylor at www.investwithtaylor.comManage your properties with Stessa at https://stessa.sjv.io/c/2425882/1152983/14113 In this episode, Ed O. Bridgman, an RV destination investing expert, shares insights into the booming RV destination industry. He discusses his background in electrical engineering and business administration, as well as his experience in applying Six Sigma principles. Ed explains the five types of RV destinations, including RV parks, campgrounds, resorts, communities, and hybrids. He highlights the growing demand for RV sites and the need for more RV destinations to bridge the supply-demand gap. Ed also provides resources for learning about RV park investing and shares his book recommendation, 'The Goal' by Eliyahu Goldratt.Takeaways* The RV destination industry is experiencing double-digit growth, fueled by younger and more diversified Americans. * There are five types of RV destinations: RV parks, campgrounds, resorts, communities, and hybrids. * The most in-demand RV destination type is the community, as more people choose to live in their RVs for longer periods of time. * There is a significant gap between the supply of RV sites and the demand, creating investment opportunities in the RV space.

Chapters* 00:00 Introduction to RV Destination Investing * 05:22 The Five Types of RV Destinations * 18:13 Investment Trends in the RV Space * 22:35 Resources for Learning about RV Park Investing * 24:49 Three Questions for the Guest

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Have you ever wondered how a strong online presence could be the game-changer in your real estate investment journey?

In this insightful episode of the Passive Wealth Strategy Show, host Taylor Loht invites Todd Heitner, the founder of Apartment Investor Pro, to explore the vital role of online marketing in real estate investing. Todd shares his journey into creating a platform that simplifies and enhances the online presence for investors, emphasizing the importance of credibility, professionalism, and effective communication with potential investors. Through engaging discussions, they delve into the challenges of website creation, the impact of AI on content generation, and strategic tips for utilizing social media and SEO to attract and retain investors. This episode is a treasure trove of wisdom for real estate syndicators and investors looking to leverage the power of the internet to scale their business.

The ideas man that loves technology. Entrepreneurial by nature and always hated the idea of being tied down to a job, he has been designing websites for real estate investors for over 18 years. Todd and Amy invest passively in multifamily real estate. Todd grew up on a cattle ranch in Oklahoma, but was quick to figure out that was not the life for him.

[00:00:00 - 00:03:00] The Digital Foundation: Todd Heitner discusses the inception of Apartment Investor Pro and the importance of a strong online presence for real estate investors.

• Credibility and professionalism are crucial for attracting investments.
• Challenges of DIY website creation include underestimating content development and maintaining consistency.
• A professional website can significantly shorten the investor's journey from interest to commitment.

[00:04:00 - 00:07:00] Navigating the AI Landscape: Todd shares insights into how AI tools can revolutionize content creation for real estate marketing.

• AI can save time and costs in content creation but requires careful management.
• The quality of AI-generated content hinges on the input and training it receives.
• AI is reshaping how investors engage with potential clients through digital content.

[00:08:00 - 00:11:00] Streamlining with Integrations: The conversation shifts to how integrating CRMs and automation tools can streamline investor relations and marketing efforts.

• Effective use of CRMs and automation can enhance investor engagement and follow-ups.
• Integration tools like Zapier facilitate seamless connectivity between different platforms.
• Planning and implementation of automation strategies can significantly impact investor communication.

[00:12:00 - 00:15:00] Optimizing for the Future: Todd and Taylor discuss website performance, including speed and mobile optimization, as critical factors for SEO and user experience.

• Site speed and mobile optimization are increasingly important for Google rankings.
• User experience directly impacts the effectiveness of online real estate marketing.
• Continuous monitoring and updating of website performance are necessary for maintaining visibility.

[00:16:00 - 00:19:00] The Investor's Perspective: Todd highlights what investors look for in a syndicator's website, from the "About Us" page to ensuring the site's functionality.

• An informative "About Us" page builds trust with potential investors.
• Clarity and functionality of the website facilitate investor decisions.
• Regular checks on website links and features prevent missed opportunities.
• Book recomendation: Emotional Intelligence 2.0
• Who inspires Todd?: Other entrepreneurs, being surrounded by more successful people.

Quotes:

"Credibility is everything, and you have to be taken seriously." - Todd Heitner

"If you're not planning your marketing strategy, you're planning to fail in your investment goals." - Todd Heitner

Connect with Todd:

Website: https://apartmentinvestorpro.com/

Apply to Invest with Taylor at www.investwithtaylor.com

Track your wealth for free with Personal Capital, go to www.escapingwallstreet.com

Please leave a review and help others escape Wall Street and build wealth on Main Street!

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Can facing financial ruin be the greatest lesson in building sustainable wealth?

In this episode, Taylor Loht welcomes Rod Khleif, a seasoned real estate investor with a history of owning over 2,000 properties and a dramatic comeback story from losing $50 million in 2008. Khleif shares invaluable insights into the real estate market, emphasizing resilience, strategic investment, and the power of mindset in overcoming adversity. With a focus on multifamily properties and a keen eye on market trends, Khleif offers listeners a masterclass in leveraging real estate for long-term wealth, despite economic downturns.

Rod Khleif is an entrepreneur, real estate investor, multiple business owner, author, mentor and community philanthropist. He is passionate about business, life, success and giving back.As one of the country's top real estate investors, Rod has personally owned and managed over 2,000 properties. Rod is Host of the Top-Ranked iTunes Real Estate Podcast - "The Lifetime Cash Flow Through Real Estate Investing Podcast" - which has been downloaded almost 6 million times, and Founder of the Lifetime Cash Flow Academy.As a community philanthropist, Rod founded and directs The Tiny Hands Foundation, which has benefited more than 65,000 community children and families in need.Khleif has combined his passion for real estate investing coaching and training with his personal philosophy of goal setting, envisioning and manifesting success to become one of America's top real estate investment trainers.

[00:00:00-00:05:00] The Art of Resilience: Rod Khleif's journey from significant loss to a triumphant return in real estate.

• Importance of mindset in overcoming financial setbacks.
• The resilience of multifamily properties as an investment class.
• Strategic investment and education as tools for recovery.

[00:05:00-00:10:00] Market Predictions and Investment Strategies: Navigating bearish trends with optimism.

• The significance of market trends on investment decisions.
• Anticipating and preparing for economic downturns.
• Opportunities in adversity: finding value in challenging times.

[00:10:00-00:15:00] The Power of Education in Real Estate: Leveraging knowledge and community for success.

• The role of mentorship and education in real estate investing.
• Building a supportive community for growth.
• The impact of teaching on personal and professional development.

[00:15:00-00:20:00] Economic Forecasts and Real Estate Dynamics: A deep dive into the factors influencing the market.

• Analyzing economic indicators for investment foresight.
• The role of government policies in real estate trends.
• Preparing for the future with a cautious yet opportunistic approach.

[00:20:00-00:25:00] Mindset, Mastery, and Moving Forward: Harnessing personal development for business success.

• The crucial role of mindset in achieving success.
• Strategies for personal and professional growth.
• The importance of goal setting and persistence in adversity.

Quotes:

"When you focus on your strengths in real estate, work becomes play." - Rod Khleif

"I've learned that the most important aspect of investing isn't the market; it's the mindset you bring to it." - Rod Khleif

Connect with Rod:

Website: https://rodkhleif.com/

Apply to Invest with Taylor at www.investwithtaylor.com

Track your wealth for free with Personal Capital, go to www.escapingwallstreet.com

Please leave a review and help others escape Wall Street and build wealth on Main Street!

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Want to learn about what Taylor's up to? Go to www.investwithtaylor.com

Taylor has now interviewed 700 real estate investors. He's learned many great lessons, but this episode highlights probably the most important common trait that sets the most successful investors apart from those who fail to launch.

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Did you know the average age of an RV owner in the United States is now 32, a significant shift from 62 a decade ago?

What does this radical change signify for the future of luxury RV communities and real estate investment?

In this enlightening episode of the Passive Wealth Strategy Show, host Taylor Loht engages with Ben Spiegel, a seasoned real estate investor with a flair for unconventional investments. Ben delves into his journey from working in investment banking to real estate, eventually finding a niche in luxury RV communities. He shares insights on the shifting demographics of RV owners, the supply-demand imbalance in RV parks, and the compelling economics behind investing in these communities. The discussion also uncovers the unique challenges and opportunities in developing luxury RV destinations, highlighting the intersection of real estate investment and lifestyle trends.

Benjamin Spiegel boasts a decade-long track record as a highly successful special situation investor, specializing in diverse asset classes. His expertise spans commercial real estate, direct lending, and private equity, with a proven history of deploying over $500 million across various firms. As the Founder and General Partner of Redwood Capital Advisors, LLC, Benjamin's primary focus revolves around lower-middle-market commercial real estate and capital raising.

(00:00:00 - 00:05:00) The Evolution of a Real Estate Investor

• The importance of starting small and scaling in real estate
• Leveraging professional experience for investment insights
• The value of diversification in real estate portfolio

(00:05:01 - 00:10:00) Discovering the Niche: Luxury RV Communities

• Identifying and capitalizing on emerging real estate trends
• Understanding demographic shifts for investment decisions
• The appeal of luxury amenities in RV communities

(00:10:01 - 00:15:00) Supply-Demand Dynamics in RV Investments

• Recognizing supply-demand gaps as investment opportunities
• Adapting to changing work and lifestyle trends
• Importance of location and amenities in RV community success

(00:15:01 - 00:20:00) Strategic Development and Location Selection

• Strategic location selection for maximum impact
• Balancing cost and luxury in development
• Importance of understanding local regulations and incentives

(00:20:01 - 00:25:00) Financial and Tax Implications

• Navigating financing options for real estate projects
• Leveraging government incentives for investment advantage
• Tax strategies in real estate investment
• Book recommendation: Investment Banking: Valuation, Leveraged Buyouts, and Mergers and Acquisitions
• Who inspires Ben?: Making his investors happy!

Quotes:

"The average age of an RV owner in the United States is now 32, a dramatic shift from a decade ago." - Ben Spiegel

“In real estate, the only thing you can control is your cost basis." - Ben Spiegel

Connect with Ben:

Website: https://redwoodcapitaladvisors.com/

Apply to Invest with Taylor at www.investwithtaylor.com

Track your wealth for free with Personal Capital, go to www.escapingwallstreet.com

Please leave a review and help others escape Wall Street and build wealth on Main Street!

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Investing with Taylor at www.investwithtaylor.com

Stessa to manage your properties https://stessa.sjv.io/c/2425882/1152983/14113

In this episode, Taylor interviews Ben Frazier, the Chief Investment Officer of Aspen Funds, about oil and gas investing. Ben explains Aspen Funds' approach to investing in multi-asset classes, including real estate and oil and gas. He discusses the unique dynamics of the oil and gas space, such as the impact of green energy initiatives on fossil fuel production. Ben emphasizes the importance of understanding the risks and opportunities in the oil and gas industry and highlights the need for sophisticated operators and well-capitalized sponsors. He also addresses the sensitivity of the investment model to commodity prices and interest rates.Takeaways* Oil and gas investing requires a deep understanding of the industry and its unique dynamics. * Investors should be cautious of bad actors and exaggerated claims in the oil and gas space. * Investing in existing producing wells can reduce risk compared to investing in drilling programs. * Hedging can help mitigate the volatility of commodity prices in oil and gas investments. * Interest rates and leverage should be carefully considered in oil and gas investment strategies. * Educating oneself through resources like podcasts and masterclasses is crucial before investing in oil and gas. * To achieve long-term success, focus on consistent improvement and slightly outperforming others in the industry.

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Have you ever wondered about the intricate balance between enjoying a vacation home with your family and maximizing its potential as a profitable rental property?

In this enlightening episode of the Passive Wealth Strategy Show, host Taylor chats with Tia Lilly, a seasoned real estate expert specializing in waterfront properties in Cape Cod. They delve into the nuances of owning a vacation rental, managing it as a secondary home, and the financial and personal considerations involved. The conversation uncovers the hidden complexities and joys of vacation property ownership, offering invaluable insights for anyone considering this unique form of investment.

Over the course of Tia's 17-year career as a realtor, she has had the pleasure of working with numerous buyers in search of their dream waterfront homes, which has not only enhanced her local knowledge but also solidified her reputation as a waterfront specialist. Tia is known for facilitating record-high sales of waterfront property in Cape Cod, but it’s her dedicated, service-oriented approach to business that sets her and her business apart. She emphasizes equal care and attention for all, and strives to maintain relationships with past clients. Tia has worked tirelessly to bring Property Cape Cod to where it is today: a small boutique firm that remains steadfast to its service-oriented values.

(00:00-05:00) Introduction to Vacation Rentals

• Understanding the appeal and challenges of owning a vacation rental.
• The importance of location in rental property success.
• The balance between personal use and rental income generation.

(05:01-10:00) Maximizing Rental Returns

• Strategies for selecting the right property for high rental yield.
• Seasonal considerations in maximizing rental income.
• Managing tenant quality and avoiding property damage.

(10:01-15:00) Impact of Market Trends on Rentals

• The effect of COVID-19 on the vacation rental market.
• Importance of choosing a profitable location.
• Insights on the changing dynamics in vacation rental demand.

(15:01-20:00) Navigating Regulatory and Insurance Issues

• Dealing with regulatory challenges and community perspectives.
• Understanding the role of platforms like Airbnb in the market.
• Insurance considerations for waterfront properties.

(20:01-24:00) Personal and Financial Considerations

• Deciding between a pure second home vs. a vacation rental.
• Balancing personal enjoyment with financial returns.
• The significance of long-term planning and investment protection.

Quotes:

"Live life, enjoy it... It's great to make money and have wealth, but you want that balance." - Tia Lilly

"There are opportunities there for the Cape to own a home and just enjoy it with your family and let the appreciation work for you." - Tia Lilly

Connect with Tia:

Website: https://propertycapecod.com/

Apply to Invest with Taylor at www.investwithtaylor.com

Track your wealth for free with Personal Capital, go to www.escapingwallstreet.com

Please leave a review and help others escape Wall Street and build wealth on Main Street!

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How can someone successfully juggle a demanding career in law enforcement, entrepreneurship in real estate, and a fulfilling family life?

In this captivating episode of the Passive Wealth Strategy Show, host Taylor Loht invites Kevin Bell, a multifaceted individual balancing roles as a real estate investor, police officer, father, and entrepreneur. The conversation delves into Kevin's unique approach to managing his diverse responsibilities. The episode provides a deep dive into effective time management strategies, the importance of leveraging technology like virtual assistants, and the personal motivations driving Kevin's success. It's an enlightening discussion for anyone striving to balance professional growth with personal commitments.

Kevin Bell is a dad to two incredible and wild little girls and a husband to a wife out of his league. He’s a police officer during the day, but as soon as that shift ends, he takes off his badge and puts on his entrepreneur hat to burn the midnight oil.

[00:00:00 - 00:02:00] Introduction to Kevin Bell

• Kevin's background as a real estate investor, police officer, and father.
• Balancing family life with professional responsibilities.
• Key Takeaways: Importance of prioritizing, balancing multiple roles, and the value of family in driving ambition.

[00:02:00 - 00:06:00] Real Estate Ventures and Self-Storage Facilities

• Insights into Kevin's self-storage facility projects.
• The blend of real estate assets and business strategy.

[00:06:00 - 00:10:00] The Virtual Assistant Agency

• Origin and operation of Kevin's virtual assistant agency.
• How accidental ideas can turn into successful business ventures.
• Entrepreneurial agility, value of virtual assistants, and turning challenges into opportunities.

[00:10:00 - 00:20:00] Effective Time Blocking and Work-Life Balance

• Strategies for time management in personal and professional life.
• How Kevin maintains focus and efficiency.
• Importance of time blocking, work-life balance, and the role of family in life management.

[00:20:00 - 00:30:00] Ideation and Entrepreneurial Mindset

• Handling new ideas and maintaining an entrepreneurial spirit.
• Techniques for capturing and nurturing business ideas.
• Managing entrepreneurial thoughts, importance of note-taking, and balancing creativity with practicality.
• Book recommendation: Rich Dad Poor Dad by Robert Kiyosaki
• Who inspires Kevin?: His wife and two daughters.

Quotes:

"My main focus is my family... they are why I do everything." - Kevin Bell

"If you want to go as big as we want to go, you need to be able to work on the business and not in it." - Kevin Bell

Connect with Kevin:

Websites:

https://entrepreneurbraindump.com/

Kevinbellco.com

Apply to Invest with Taylor at www.investwithtaylor.com

Track your wealth for free with Personal Capital, go to www.escapingwallstreet.com

Please leave a review and help others escape Wall Street and build wealth on Main Street!

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Jeff Bezos on Lex Fridman: https://www.youtube.com/watch?v=DcWqzZ3I2cY&ab_channel=LexFridman Alex Hormozi's Productivity Routine: https://twitter.com/AlexHormozi/status/1722682842797490365?lang=en In this episode, Taylor discusses the overrated nature of morning routines and how they won't make you rich. He traces the origin of the morning routine trend and highlights that many successful people did not have established morning routines until after they became successful. Taylor provides examples of successful entrepreneurs' routines and shares his own minimalistic morning routine. He emphasizes that morning routines are not necessary for success and cautions against feeling disempowered without one. Instead, he encourages listeners to focus on their own path and the work required for success.
* Morning routines won't make you rich - you still have to do the work! * Many successful people did not have established morning routines until after they became successful.

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Can a high-earning professional like a doctor truly achieve financial freedom through real estate investing, and how does this journey reshape their understanding of wealth and success?

In this episode of the Passive Wealth Strategy Show, host Taylor Loht engages with Tom Burns, an orthopedic surgeon turned real estate investor, known as the 'rich doctor'. Tom shares his journey of building wealth and achieving financial independence through real estate while balancing his medical career and family life. He delves into the importance of passive income, the challenges he faced, and how he overcame them. This conversation is particularly insightful for high-earning professionals who are yet to reach their full financial potential and are curious about real estate investment.

Tom Burns, a retired orthopedic surgeon and entrepreneur, has made a significant impact in both the medical and real estate fields. As a former physician for the United States Ski Team, Tom co-founded RNB Capital Partners in 2009 and Presario Ventures in 2017, focusing on multifamily acquisitions, development, and private equity real estate investments. With a remarkable track record of managing over $750 million in real estate transactions globally, he has led Presario Ventures in overseeing projects worth $650 million across Texas and the Sunbelt region. Apart from his professional pursuits, Tom is the best-selling author of "Why Doctors Don’t Get Rich," a guide to personal finance and living life fully. Though retired from active medical practice, he continues to volunteer for the United States Ski Team, and is renowned as a speaker, mentor, and educator, with a passion for travel and global exploration.

[00:02:00 - 00:06:00] The Awakening to Financial Freedom

• Tom's realization of the need for income beyond medicine.
• The first steps into real estate investment.
• The gradual transition from active medical practice to focusing more on real estate.

[00:06:00 - 00:10:00] Scaling Up: From Small Investments to Major Projects

• Transition from small properties to larger developments.
• The role of partnerships in scaling up investments.
• Managing the balance between risk and opportunity in real estate.

[00:10:00 - 00:14:00] Financial Independence: Beyond the Salary

• Financial independence offers more than monetary benefits; it gives time freedom.
• Passive income is a powerful tool for achieving long-term financial security.
• The journey to financial independence requires patience and consistency.

[00:14:00 - 00:18:00] Challenges and Overcoming Fear

• Education and experience are crucial in mitigating investment fears.
• Every challenge in real estate offers a learning opportunity.
• Effective risk management is essential for investment success.

[00:18:00 - 00:22:00] Work-Life Balance: Family, Career, and Investing

• Family should always be a priority, regardless of career or investment success.
• Effective time management is key to maintaining balance.
• Real estate investment can be a family-inclusive journey.

Quotes:

"You can get paid $10,000 an hour, but if you don't have the ability to give that hour, you're not going to get paid." - Tom Burns

"Wealth is a lot of things. Wealth is money for sure. That's a tool that can help you get the other pillars of wealth, which is your health, your relationships, your family, your spirituality, travel, and all that sort of thing that helps you grow as a person." - Tom Burns

Connect with Tom:

Website: https://presarioventures.com/our-team/

Apply to Invest with Taylor atwww.investwithtaylor.com

Track your wealth for free with Personal Capital, go towww.escapingwallstreet.com

Please leave a review and help others escape Wall Street and build wealth on Main Street!

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Investing with Taylor at www.investwithtaylor.com

Manage your properties with Stessa at https://stessa.sjv.io/c/2425882/1152983/14113

Dr. Axel Meierhoefer, a real estate investor, discusses achieving time freedom through investing in real estate. He explains the concept of time freedom and how to calculate the amount of passive income needed to achieve it. Dr. Meierhoefer also shares insights on what to do after reaching time freedom and how to approach the investment process. He emphasizes the importance of a long-term investment horizon and provides book recommendations and inspiration for aspiring investors. Lastly, he offers advice to his younger self and shares his contact information for those interested in learning more.

Chapters

• 00:00 Introduction and Background
• 03:29 Defining Time Freedom
• 09:15 What to Do After Reaching Time Freedom
• 16:47 Investing in Real Estate for Time Freedom
• 21:04 Long-Term Investment Horizon
• 29:28 Book Recommendations and Inspiration
• 31:12 Advice to Younger Self
• 31:58 Contact Information

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How is modern technology revolutionizing the real estate syndication space, and what impact does this have on investors and general partners?

In this episode of the Passive Wealth Strategy Show, host Taylor Loht interviews Andy Creebar, the founder of a real estate technology company aimed at transforming real estate syndications. They delve into how Andy's company is streamlining operations for general partners and improving the investment experience. The conversation covers the evolution of technology in real estate, the challenges faced by syndicators, and the future of real estate investments in the context of emerging technologies.

Andy Crebar is a highly experienced professional with 12.8 years of work experience in the financial services industry. He has a strong background in cho and services, and is currently working with an all-star team to unlock the potential of real estate investing. Andy has held various leadership positions, including Co-Founder & CEO at HoneyBricks and Sapling, and Chief of Staff at Credible. He also has experience in investment banking and has worked at Macquarie Group and GE. Andy's expertise and dedication make him a valuable asset in the field of financial services.

[00:00:00 - 00:05:00] The Genesis of Innovation in Real Estate

• Andy's early exposure to real estate through his architect father.
• His journey from buying his first property to diving into real estate syndications.
• The inception of his company to facilitate real estate investments.

[00:05:01 - 00:10:00] Technology: A Catalyst in Real Estate Syndication

• The complexity of managing real estate investments and how technology simplifies it.
• The transition from traditional to modern methods of transaction.
• The role of GP Flow in streamlining these processes.

[00:10:01 - 00:15:00] Overcoming Industry Challenges

• Discussion on the impact of cybersecurity in real estate transactions.
• The slow adoption of new technologies in the industry.
• How GP Flow addresses these emerging needs.

[00:15:01 - 00:20:00] Strategies for Scaling in Real Estate

• Different challenges faced by new and experienced syndicators.
• Importance of investor acquisition and management.
• Leveraging technology for efficient marketing and scaling.

[00:20:01 - 00:25:00] Vision and Future of Real Estate Technology

• Long-term vision for GP Flow and the real estate market.
• Potential future integrations like AI in managing complex transactions.
• Ethical considerations and responsibilities of technology providers in real estate.

Quotes:

"Real estate is an incredible vehicle for building and compounding wealth." – Andy Creebar

"Technology is moving so quickly, making things that were impossible a decade ago achievable now." – Andy Creebar

Connect with Andy:

Website: https://www.gpflow.com/

Apply to Invest with Taylor at www.investwithtaylor.com

Track your wealth for free with Personal Capital, go to www.escapingwallstreet.com

Please leave a review and help others escape Wall Street and build wealth on Main Street!

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Can seller financing in real estate offer a more equitable path to homeownership, and how does it change the game for both investors and homebuyers?

In this insightful episode of the Passive Wealth Strategy Show, host Taylor Loht invites real estate expert Jerry Fetta to delve into the nuances of passive seller financing in real estate investing. Jerry unveils his unique approach, which allows him to be a passive investor while making a significant social impact. This discussion navigates through the intricacies of seller-financed real estate, the importance of aligning capital with purpose, and how this model can benefit both investors and homebuyers in the current market.

Jerry Fetta is the owner and founder of Wealth DynamX. He and his team help thousands of families across the country simplify their money so they can stop losing out on dollars to debt, taxes, and financial institutions and instead keep and use those dollars to build wealth now. Jerry is passionate about helping families become financially educated and wealthy so they can navigate their economic futures with certainty and help build more prosperous communities around them.

By the age of 28 Jerry had built a multi-million company, achieved a personal net worth of greater than $ 1 million and operated several companies. Jerry has been married to his wife Lexy for 9 years.

(00:00:00 - 00:05:00) Introduction to Seller Financing

• Seller financing as a unique real estate investment model.
• The benefits of being a 'bank' in real estate transactions.
• The process of passive investing in real estate through seller financing.

(00:05:00 - 00:10:00) Exploring the Seller Financing Model

• Comparison with traditional real estate investment models.
• The process of selecting properties and engaging with potential buyers.
• Advantages of seller financing for investors in terms of control and risk management.

(00:10:00 - 00:15:00) Operational Mechanics of Seller Financing

• The role of a Turnkey company in managing properties and escrows.
• Benefits of outsourcing operational tasks in real estate investing.
• Strategies for scaling real estate portfolios effectively.

(00:15:00 - 00:20:00) Financial Aspects and Investment Strategy

• Insights into the initial capital investment and returns in seller financing.
• Strategies for optimizing investment through life insurance policies.
• The long-term financial outlook and benefits of seller-financed investments.

(00:20:00 - 00:23:00) Social Impact and Future Perspectives

• Seller financing as a tool for social change and empowerment.
• Various exit strategies for investments and their impact on families.
• Jerry’s vision for the future of seller financing in real estate.

Quotes:

"Never trade time for the same dollar twice." - Jerry Fetta

"When more good people have control of the capital on planet Earth, better things happen." - Jerry Fetta

Connect with Jerry:

Website: https://jerryfetta.com/

Apply to Invest with Taylor at www.investwithtaylor.com

Track your wealth for free with Personal Capital, go to www.escapingwallstreet.com

Please leave a review and help others escape Wall Street and build wealth on Main Street!

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Through a candid discussion, Taylor urges listeners to carefully consider the sources of their inspirations, especially regarding their objectives in life, family, and business ventures. He delves into the importance of aligning one's values with those of their mentors, advocating for a more balanced model of success that encompasses both personal and professional domains.

This episode invites listeners to engage in self-evaluation on who influences their decisions and whether these influencers embody the holistic success they aspire to achieve.

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Can a young, ambitious real estate agent triumph in today's challenging market by leveraging unique strategies like property auctions?

In this enlightening episode of the Passive Wealth Strategy show, host Taylor Loht interviews Dylan Onorevole, a 21-year-old realtor who has made remarkable strides in the real estate industry. Dylan shares a compelling case study of a recent auction-based property deal, offering valuable insights into navigating the fluctuating real estate market. The episode delves into Dylan's journey, overcoming age-related challenges and leveraging his unique perspective to succeed in a highly competitive field. This conversation is a treasure trove of strategies, mental tools, and practical advice for young and aspiring real estate professionals.

Dylan is an overall real estate enthusiast; working as a licensed realtor with eXp Realty, wholesales real estate, dabbles in property management, and is an inspiring real estate investor. He believes real estate is his way to freedom and wants to take as many people as he can with him. Expressing the possibilities of real estate along with speaking with business owners in his podcast "The Pursuit Show".

[00:00:00 - 00:03:00] The Young Realtor's Journey

• The importance of family influence and early exposure to the industry.
• Overcoming the hesitation of starting young in real estate.
• The shift from formal education to a full-time real estate career.

[00:03:00 - 00:06:00] A Deep Dive into Auction Deals

• Utilizing online platforms like HubZoo for property auctions.
• The strategic approach to bidding and securing properties.
• The benefits of auctions in a competitive market.

[00:06:00 - 00:10:00] Assessing and Executing the Deal

• Evaluating property potential without physical visits.
• Navigating the complexities of auction purchases.
• Cost assessment and investment strategies.

[00:10:00 - 00:14:00] Challenges and Learning Curves

• Managing unexpected hurdles in auction deals.
• Learning the intricacies of local real estate markets.
• Importance of comprehensive pre-auction research.

[00:14:00 - 00:18:00] Youth, Experience, and Real Estate

• Overcoming the stereotype of inexperience due to youth.
• Building credibility and relationships in the industry.
• Strategies for young realtors to establish themselves.

Quotes:

"If I can make it through this time, I can make it through any time." - Dylan Onorevole

"You have to have that kind of cocky attitude where it's 'I'm better than some of these realtors who have been in the industry for 10 years plus.'" - Dylan Onorevole

Connect with Dylan:

Instagram: https://www.instagram.com/dorealestate.nj/?hl=en

Apply to Invest with Taylor at www.investwithtaylor.com

Track your wealth for free with Personal Capital, go to www.escapingwallstreet.com

Please leave a review and help others escape Wall Street and build wealth on Main Street!

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Investing with Taylor: www.investwithtaylor.com

Manage your properties with Stessa https://stessa.sjv.io/c/2425882/1152983/14113

Jonah Hall is an experienced self-storage investor who specializes in converting existing properties into climate-controlled self-storage units. He started his journey in self-storage in 2017 and has since completed 20 conversion projects. Jonah focuses on secondary markets and leverages technology to streamline operations and provide a self-service experience for customers. He is known for his expertise in remote management and has built a team to handle the day-to-day operations of his properties.

Episode Summary:

Jonah discusses the benefits of adaptive reuse projects and how they offer a prime location and higher quality building compared to ground-up construction. He also explains the process of evaluating supply and demand in a market before undertaking a conversion project. The conversation then shifts to the technology-enabled management of Jonah's properties.

He highlights the use of digital locks and a comprehensive tech stack that allows for remote management and a self-service rental process. Jonah emphasizes the scalability and cost-effectiveness of these technologies and how they contribute to the bottom line of his properties.

Finally, the episode explores Jonah's exit strategy and the challenges of selling properties with advanced technology to buyers who may not be ready to adopt it. Jonah shares his approach of partnering with established software and hardware vendors to ensure the transferability of the technology stack. He also discusses the potential buyers for his properties, including REITs and private equity groups.

Key Takeaways:

• Converting existing properties into climate-controlled self-storage units offers prime locations, higher quality buildings, and cost savings compared to ground-up construction.
• Evaluating supply and demand in a market is crucial before undertaking a conversion project, especially in underserved secondary markets.
• Technology-enabled management, including digital locks and a comprehensive tech stack, allows for remote operations and a self-service rental process.
• The use of technology streamlines operations, reduces expenses, and improves the customer experience, leading to higher occupancy rates and profitability.
• When planning an exit strategy, it is important to consider the transferability of the technology stack and cater to potential buyers' preferences and needs.

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How can the pursuit of real estate investment transform the life of someone looking for financial stability and passive income, especially for those in demanding professions like firefighting and EMT work?

In this episode of the Passive Wealth Strategy Show, host Taylor Loht interviews Jon Paul Kessinger, a former firefighter and EMT turned real estate investor and property manager. John Paul shares his journey from the high-stress, time-consuming world of firefighting to achieving financial stability through real estate investment. He delves into the challenges and successes of his first real estate deal, the importance of relationships in the real estate industry, and his transition into property management. This episode is a treasure trove of insights for anyone looking to make their first foray into real estate investment or seeking to expand their portfolio.

[00:00:00 - 00:05:00] The Transition from Firefighting to Real Estate

• Jon Paul's motivation for finding passive income streams.
• His first steps into real estate investment.
• Overcoming financial barriers in starting real estate investing

.

[00:05:01 - 00:10:00] First Real Estate Deal: Challenges and Learnings

• The process of evaluating and financing the first property.
• The importance of networking in finding real estate deals.
• Learning from initial mistakes and the value of persistence.

Building a Real Estate Portfolio [00:10:01 - 00:15:00]

• Strategies for scaling up the real estate portfolio.
• The role of relationships in acquiring new properties

[00:15:01 - 00:20:00]Managing Risks and Opportunities

• Navigating the complexities of property ownership and finance.
• The impact of external factors like interest rates on investment strategies.
• Balancing risks and rewards in real estate investment.

The Power of Integrity in Real Estate [00:20:01 - 00:25:00]

• Upholding integrity and ethical standards in business dealings.
• Building a reputation in the real estate community.
• Fostering beneficial relationships within the industry.

[00:25:01 - 00:30:00] Diversifying into Property Management

• The transition from investor to property manager.
• Challenges and rewards of providing property management services.
• The importance of customer service and relationship management in property

Management.

Book recommendation: Rich Dad Poor Dad

Who inspires Jon Paul?: Jon’s father.

Key Quotes:

"The only real way to get stability is to get an asset that isn't going to fluctuate depending on politics or change depending on what the market's doing." - Jon Paul Kessinger

"I was more scared of if I didn't take action. What the next 10 years of my life would look like." - Jon Paul Kessinger

Connect with Jon Paul

Cellphone number: 304 931 26 32

Apply to Invest with Taylor at www.investwithtaylor.com

Track your wealth for free with Personal Capital, go to www.escapingwallstreet.com

Please leave a review and help others escape Wall Street and build wealth on Main Street!

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How can investors adapt to the shifting landscape of office investments and occupancy trends?

In this insightful episode of the Passive Wealth Strategy Show, Taylor welcomes guest Danny Simard, a seasoned commercial property manager and Navy veteran. The discussion centers around the current state of the commercial real estate market, particularly offices, in the wake of the COVID-19 pandemic. Danny shares his expertise on the challenges and transformations in office investing, offering a unique perspective on pricing, occupancy, and the future of commercial spaces.

[00:01 - 07:24] The State of Office Investing Post-COVID

• Shift in office market dynamics since COVID
• Impact on pricing and occupancy rates
• Predictions for the future of office spaces

[07:25 - 14:30] Inside the World of Commercial Property Management

• Role and responsibilities in commercial property management
• Challenges faced in the current market
• Strategies for managing commercial properties effectively

[14:31 - 21:08] Navigating Market Distress and Opportunities

• Understanding market distress and its impact
• Identifying opportunities in a troubled market
• Strategies for capitalizing on current market conditions

[21:09 - 23:24] Owners’ Perspectives and Market Reactions

• Insights into property owners' concerns and strategies
• Market reactions to current trends
• Long-term implications for property owners

[23:25 - 26:47] Closing Segment

• Future of commercial real estate investment
• Adapting strategies for changing markets
• Predictions and advice for upcoming trends

Quotes:

"In the office world, we are really stuck between a rock and a hard place." - Danny Simard

"With the right cost basis, anything's a good deal in real estate." - Danny Simard

Connect with Danny:

Website: https://craftbauer.com/team/danny-simard

LinkedIn: Danny Simard

Instagram: @dannysims

Apply to Invest with Taylor atwww.investwithtaylor.com

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Empower Personal Finance: https://personalcapital.sjv.io/c/2425882/1488946/13439 (affiliate link)YNAB: https://youneedabudget.a4xxmk.net/c/2425882/869639/10892 (affiliate link)Monarch Money: https://www.monarchmoney.com/Quicken Simplifi: https://www.quicken.com/products/simplifi/ With the recent shutdown of the app Mint, Taylor delves into alternative tools that offer similar functionalities to track and manage personal finances.

Taylor begins by sharing a poignant personal anecdote: the most financially prudent decision he ever made was not an investment, but the habit of meticulously tracking his finances through Mint. As the narrative unfolds, the conversation pivots towards exploring other viable personal finance tracking apps that can effectively replace Mint, which includes an assessment of their features, benefits, and costs. The episode is filled with practical advice, geared towards helping listeners find the right tool to keep their financial health in check and grow their wealth. Key Takeaways:
* Habit Formation: The practice of tracking personal finances can be transformative, as it provides clarity on income, expenses, and overall wealth growth. * Mint's Shutdown: The episode acknowledges the end of Mint's service and the impact on users who relied on it for tracking their financial progress. * Alternatives Explored: Taylor evaluates several personal finance tracking tools, including Empower Personal Wealth, YNAB (You Need A Budget), Monarch Money, and Quicken Simplifi. * Criteria for Selection: Key factors for selecting a tracking app are customization options, price point, and ease of use, particularly for real estate investors. * Final Choice: After careful consideration, Quicken Simplifi emerged as Taylor's chosen app due to its affordability, customizable features, and easy integration with various accounts.

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How can embracing the principles of personal development and strategic marketing transform your journey towards success?

In this enlightening episode, host Taylor interviews Kyle Wilson, a former business partner of Jim Rohn and a pivotal figure in personal development and marketing. They delve into Kyle's unique journey from humble beginnings to becoming a mentor and influencer in personal development and real estate. The discussion covers a range of topics from the power of individual responsibility to the strategic aspects of marketing, offering a blend of wisdom from Kyle's experiences and lessons learned from legends like Jim Rohn. Kyle is currently promoting his latest book Success Habits of Super Achievers

Since 1989, Kyle Wilson has been a prominent figure in the personal development industry, promoting seminars with renowned speakers like Jim Rohn, Brian Tracy, and Og Mandino. He co-founded Jim Rohn International in 1993 and later launched YourSuccessStore.com, broadening the scope of personal development resources. Kyle now focuses on mentoring and marketing through LessonsFromExperts.com/Network. He has collaborated with legends such as Zig Ziglar and Robin Sharma, produced over 100 hours of content, co-authored a Chicken Soup book, and is known for his expertise in online marketing, product creation, and branding.

(00:00:00 - 00:05:00 The Foundation of Success

• Personal responsibility as the cornerstone of success.
• The transformative power of life-changing events.
• The journey from small-town beginnings to business mastery.

(00:05:01 - 00:10:00) Partnership with Jim Rohn

• The impact of a strategic partnership with Jim Rohn.
• The art of product creation and leveraging personal branding.
• Insights into the seminar business and personal development.

(00:10:01 - 00:15:00) Mastering Marketing Principles

• The importance of context in marketing.
• Adopting principle-based marketing strategies.
• Navigating through the complexities of marketing models.

(00:15:01 - 00:20:00) Value and Relationships in Business

• The significance of adding value in the marketplace.
• Building relationships based on mutual benefit.
• Strategic networking and its impact on business growth.

(00:20:01 - 00:25:00) Life Lessons and Legacy

• Embracing life's essential truths from Jim Rohn's teachings.
• The role of authenticity and integrity in personal growth.
• Reflections on life, business, and the pursuit of fulfillment.

Quotes:

"The major key to your future is you." - Kyle Wilson

"Success is predictable; it's like planting a seed." - Kyle Wilson

Connect with Kyle:

Website: Kylewilson.com

Apply to Invest with Taylor atwww.investwithtaylor.com

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Investing with Taylor: www.investwithtaylor.com

Stessa to manage your property: https://stessa.sjv.io/c/2425882/1152983/14113 Ian shares his insights on how to analyze deals, work with borrowers, and navigate uncertain markets. He emphasizes the importance of patience and caution in the current market conditions and advises potential lenders to wait for the right time to enter the lending space.

Ian also highlights the significance of due diligence, effective communication with borrowers, and the importance of keeping an open line of communication to avoid foreclosure situations.

Key Takeaways:* Private money lending and hard money lending are becoming synonymous in the industry, with private money lenders focusing on asset-driven lending and providing quick and easy financing options. * The lending market has been impacted by increasing interest rates, leading to the closure of many low-rate lenders. Private lenders who rely on volume and lower pricing margins have faced challenges due to the decrease in housing inventory and buyers. * Potential lenders should exercise caution and patience in the current market conditions. It is advisable to wait for the market to stabilize and start rising again before entering the lending space. * Due diligence is crucial in analyzing deals, understanding repair budgets, and assessing borrower credibility. Experience and a deep understanding of the market are essential in making accurate assessments.

Notable Quotes:* "A rising market will make everyone look smart and make a lot of people think they're smarter than they are. It's best to remain humble and always think that the next six months the market's going to crash when you're a lender." - Ian Walsh * "You can feel all that in a conversation. So I see that, right? And then all of a sudden I'll see something like, man, I'm sensing this person is not really sure what they're doing, bang, they send me over numbers like, hey, this house needs 30,000 in repairs to break it worth $350,000 or $400,000. And I'm going, no, without even batting an eye, it's a $100,000 repair budget. And I just know that." - Ian Walsh

Resources:* Ian Walsh's email: IAN@hardmoneybankers.com * Hard Money Bankers website: hardmoneybankers.com

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Can transforming leadership habits really reshape corporate culture and drive success in new entrepreneurial ventures?

In this enlightening episode, Taylor engages with Margie Oleson, an expert in organizational development, to unravel the complexities of building a high-performing real estate business. They dive deep into the nuances of leadership, team dynamics, and the pivotal role of corporate culture in entrepreneurial success. Margie shares her extensive experience and insights on how new entrepreneurs can navigate the challenges of transitioning from corporate to entrepreneurial leadership, emphasizing the importance of habit transformation and strategic team building.

[00:01 - 06:28] Leadership in Transition

• The shift from corporate to entrepreneurial leadership
• The autopilot nature of the brain and its impact on learning and habit formation
• The significance of building a cohesive team from the ground up

[06:29 - 12:44] Crafting Corporate Culture

• The critical role of leadership in shaping corporate culture
• Strategies for aligning team efforts with leadership goals
• The need for clear roles, responsibilities, and accountability

[12:45 - 19:11] The Pitfalls of Undiscussables

• Identifying and addressing undiscussable topics in the workplace
• The impact of poor leadership and toxic environments on company performance
• Strategies for fostering open communication and honesty

[19:12 - 24:46] Closing Segment

• Utilizing assessments to identify and leverage team strengths
• The importance of aligning team members with their natural skills
• Encouraging innovation and creativity through diverse team roles

Quotes:

"99.99 percent of what we do every day is autopilot." - Margie Oleson

"The culture is like the water for the fish." - Margie Oleson

Connect with Margie:

Website: https://www.oleson-consulting.com/

LinkedIn: Margie Oleson

Apply to Invest with Taylor atwww.investwithtaylor.com

Track your wealth for free with Personal Capital, go towww.escapingwallstreet.com

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How does investing in individual mobile homes differ from traditional real estate investing, and what unique opportunities does it present?

In this episode, host Taylor invites Adrian Smude, a seasoned investor specializing in individual mobile homes, to share his insights and experiences. Adrian discusses the nuances of investing in single-unit mobile homes compared to mobile home parks or traditional real estate. He delves into his journey from a realtor to a leading figure in mobile home investments, shedding light on the process, strategies, and misconceptions associated with this niche market.

Whether you're a seasoned investor or new to real estate, Adrian's unique perspective offers valuable lessons in profitability, tenant relationships, and navigating the mobile home investment landscape1

[00:01 - 06:50] The Allure of Mobile Homes

• Individual mobile homes attract less competition than mobile home parks, offering better returns
• Networking and community engagement are key to finding deals
• Stigmas around mobile home investing, such as depreciation and tenant quality, are often misconceptions

[06:51 - 13:35] Navigating Deal Structures

• Financing for mobile homes varies based on the age of the property
• Owner financing and private money are common for older mobile homes
• Building rapport with sellers is crucial for successful deal negotiation

[13:36 - 20:14] Value Assessment and Investment Strategy

• The value of mobile homes is assessed based on cash flow potential
• Properties built pre-1976 offer different investment dynamics due to lack of standardization
• Focusing on cash flow and the condition of the property is key for long-term profitability

[20:15 - 27:53] Addressing Insurance and Tax Challenges

• Property taxes are generally lower for mobile homes
• Effective communication with sellers about these challenges helps in negotiations
• Stereotypes about mobile home tenants are often exaggerated

Connect with Adrian:

Website: https://www.lifestyle-rei.com/

Instagram: @lifestyle_rei

Apply to Invest with Taylor atwww.investwithtaylor.com

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Investing with Taylor: www.investwithtaylor.com Data Sources:https://www.uhaul.com/Articles/About/U-Haul-Announces-Top-Growth-States-Of-2023-30660/ https://www.uhaul.com/Articles/About/U-Haul-Announces-Top-Us-Growth-Cities-Of-2023-30661/ Episode Summary:In this session, we mine the depths of the latest U Haul migration data to uncover the shifting sands of American demographics. Taylor dissects the significance of interstate movements, as revealed by U Haul's annual trend report, providing real estate investors with invaluable insights for 2023.

Discover which states have become magnets for movers and those that have witnessed a departure of residents. With Texas sitting on top for the third consecutive year, and Florida closely tailing, the data presents intriguing patterns for potential investment opportunities. Taylor carefully navigates through the implications of these trends on real estate prices, rental demands, and broader economic forecasts.

Key Takeaways:* Texas topped U Haul's 2023 growth index as the state with the most significant net inflow of movers, followed by Florida, North Carolina, South Carolina, and Tennessee. * Florida cities dominate the rankings, with seven markets making the top 25 growth cities. Palm Bay, Melbourne, and Ocala claim the highest spots. * Uhaul migration trends serve as an effective gauge for state and city growth, reflecting resident attraction and retention. * Remote work trends have a notable impact on migration patterns, with 2024 projections hinting at a potential decline in markets heavily boosted by telecommuting. * While Uhaul data offers a jumping-off point for market analysis, investors must engage in further research, including financial and physical due diligence on specific properties.

Notable Quotes:* "Texas saw the most number of one way U Haul rentals, which is people renting u hauls in other states and then dropping them off in Texas." * "Florida coming in with three of the top five growth cities." * "Texas and Florida remain strong in these migration trends… major employers and major facilities being built in both of those states right now." * "U Haul migration trends do not necessarily correlate directly to population or economic growth." * "It doesn't stop with market analysis. We need to go much deeper and look at the actual property and the neighborhoods where we're also."

Resources:The episode references articles related to Uhaul's migration trend data, however, no specific URLs or social media handles were provided in the transcript. Listeners are encouraged to check the show notes, as mentioned in the transcript, for direct links to the referenced articles.

Tune in to the full episode of the Passive Wealth Strategy Show for a deeper dive into Uhaul's migration trends and its implications for real estate investment. Stay updated with us for continued expert analysis and strategies that help you build wealth without adding another job to your portfolio.

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How can short sales provide unique investment opportunities in today's real estate market, and what strategies do successful investors use to navigate this niche?

In this insightful episode, we dive into the complex world of real estate short sales with the experienced investor Bob Vieira. Bob shares his journey from a realtor to a national short sale expert, revealing the intricacies and potential of dealing with distressed properties. He demystifies the process of short sales, discusses market trends, and offers valuable insights into making profitable deals.

This episode is a treasure trove of knowledge for both seasoned and aspiring real estate investors, don't miss it!

[00:01 - 05:07] Understanding Short Sales

• Short sales occur when sellers are behind on mortgage payments and the property value is less than the mortgage owed
• Short sales offer an opportunity to prevent foreclosure and forgive mortgage deficiencies
• These sales are not as prevalent as in the post-2008 era but still exist in various markets

[05:08 - 10:55] Market Dynamics of Short Sales

• Short sales are more common in financially distressed areas
• Different real estate markets have varying prevalences of short sales
• Current market conditions, like high equity, have led to an increase in short sales

[10:56 - 15:37] The Process of Navigating a Short Sale

• The short sale process is lengthy and complex, often taking several months
• Various steps are involved, including bank appraisals and approvals
• The condition of the property significantly influences the sale strategy

[15:38 - 20:06] Business Model and Strategies

• Vieira's company uses a hybrid model, either earning a fee or purchasing for resale
• The choice of strategy depends on property condition and market factors
• Remote management is key in national operations

[20:07 - 24:52] Closing Segment

• Effective communication and education are crucial in dealing with sellers
• Market dynamics and property conditions should guide investment decisions
• Collaboration with local agents and understanding market trends is essential

Quotes:

"Your value add as an investor purchasing a short sale shouldn't be price because price is irrelevant to the short sale seller." - Bob Vieira

"If you're really thinking about doing something and the universe is pulling you in that direction, whether it's personal, business, strategy, whatever, just, do it. Don't fight it." - Bob Vieira

Connect with Bob:

Website: https://universalshortsales.com/

LinkedIn: Bob Vieira

Apply to Invest with Taylor atwww.investwithtaylor.com

Track your wealth for free with Personal Capital, go towww.escapingwallstreet.com

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Investing with Taylor: www.investwithtaylor.com

Stessa to manage your properties: https://stessa.sjv.io/c/2425882/1152983/14113

Thomas Castelli, a CPA and real estate taxation expert, joins the Passive Wealth Strategy Show to discuss the tax implications and advantages of passive real estate investing. He explains the importance of understanding the K-1 tax form that passive real estate investors receive and highlights key information to know before receiving one. Thomas also delves into the topic of self-directed retirement account investing and the potential tax implications involved. He emphasizes the need to find a tax professional experienced in real estate taxation and provides tips for vetting a CPA. Additionally, Thomas addresses the concept of not letting the tax tail wag the dog and making holistic investment decisions. He concludes by discussing the complexities of UBIT (unrelated business income tax) and the challenges of preparing a 990T form for self-directed IRA investments.

Key Takeaways:

• The K-1 tax form is crucial for passive real estate investors as it shows their share of income, losses, deductions, and credits from the partnership.
• It is important to find a CPA experienced in real estate taxation and who understands K-1s and the specific needs of real estate investors.
• UBIT (unrelated business income tax) can impact self-directed IRA investments, but the overall impact is usually minimal and primarily occurs when the investment is sold.
• When investing through a self-directed IRA, it is essential to be prepared for the additional compliance requirements, such as filing a 990T form.
• The tax implications should be considered as a factor in investment decision-making, but they should not be the sole driving force behind investment choices.

Quotes:

• "Real estate is one of the more complicated areas of the tax code, and there's a lot going on, and there's a lot that can be missed." - Thomas Castelli, CPA
• "Make sure you review your return before you file it, and if you do end up catching a mistake after the fact, it's not uncommon." - Thomas Castelli, CPA
• "I prefer to invest in real estate outside of retirement accounts for the tax advantages and keep other investments like stocks in IRAs." - Thomas Castelli, CPA

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How do personal risk tolerances shape and influence the strategies of investors, especially in the context of the ever-changing economic landscape?

In this episode, host Taylor Loht invites Rich Kasparian, a seasoned financial advisor, to discuss the intricate relationship between risk tolerance and investment strategies. Rich, with his vast experience and insights gained from the 2009 financial crisis, sheds light on how investors can better understand and manage their risk profiles. He emphasizes the importance of adapting investment strategies to individual risk tolerances and the common pitfalls in assessing one's risk levels.

This episode is particularly enlightening for anyone looking to balance their investment decisions with a clear understanding of personal risk appetite, especially in uncertain economic times!

[00:01 - 04:20] Understanding Risk Tolerance

• The significance of understanding one’s risk tolerance
• Methods to assess risk tolerance in financial planning
• The contrast between traditional risk assessment and a more personalized approach.

[04:21 - 10:57] Risk Perspectives Across Net Worths

• Variations in risk perception among different net-worth individuals
• The subjective nature of risk tolerance
• The influence of personal background on risk preferences.

[10:58 - 16:16] Common Mistakes in Risk Assessment

• The risk of misjudging one’s risk tolerance
• Examples of errors in asset allocation and portfolio diversification
• The importance of thorough analysis in investment decisions

[16:17 - 20:48] Liquidity and Investment Decisions

• The role of liquidity in investment strategies
• Comparing real estate and publicly traded securities in terms of liquidity
• Strategies to prevent panic selling in volatile markets

[20:49 - 24:32] Closing Segment

• Challenges faced by small business owners in retirement planning
• The importance of proactive financial planning for business owners
• Strategies for ensuring financial stability post-retirement

Quotes:

"Understanding risk tolerance is more about understanding the person than the numbers." - Rich Kasparian

"It's not just about the wealth, it's about the journey and experiences that shape our risk tolerance." - Rich Kasparian

Connect with Rich:

Website: https://www.gardencityfinancialgroup.com/

LinkedIn: Rick Kasparian

Apply to Invest with Taylor atwww.investwithtaylor.com

Track your wealth for free with Personal Capital, go towww.escapingwallstreet.com

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What unique challenges and opportunities arise when combining the lifestyles of a digital nomad and a real estate investor, and how does one navigate this unconventional path to success?

In this episode, Taylor welcomes Basit Siddiqi, a CPA turned digital nomad and real estate investor. This episode delves into the unique journey of Basit, who transformed his life from the grueling hours of corporate accounting to the freedom of a digital nomad, all while building a successful real estate portfolio. The discussion provides valuable insights into how remote work and real estate investment can coexist, offering a blueprint for financial independence and a flexible lifestyle.

This episode is a must-listen for anyone dreaming of breaking free from the 9-to-5 grind and seeking practical advice on real estate investing from afar!

[00:01 - 05:07] Embracing Digital Nomadism

• The allure and challenges of being a digital nomad
• Transitioning from corporate life to nomadic living
• Leveraging real estate investment for location independence

[05:08 - 09:56] Real Estate Investing Strategies

• Choosing investment locations based on market research
• Overcoming the challenges of investing from afar
• Utilizing creative financing methods for initial investments

[09:57 - 13:42] Managing Properties Remotely

• The importance of property management in remote investing
• Strategies for effective long-distance property management
• Navigating the challenges of finding and managing property managers

[13:43 - 18:26] Acquisition and Due Diligence Process

• Techniques for identifying and acquiring properties remotely
• Implementing efficient due diligence remotely
• Building a network of trusted contacts for property inspections

[18:27 - 22:33] Closing Segment

• The personal growth associated with travel and exposure to new cultures
• Balancing work and travel as a digital nomad
• The logistical aspects of living out of a suitcase

Quotes:

"Traveling does open up your eyes. You get to see other people, and cultures from other areas. I think it just educates you a little bit more." - Basit Siddiqi

"Once you have the mindset, you could do whatever you want." - Basit Siddiqi

Connect with Basit:

Website: https://www.basitsiddiqi.com/

LinkedIn: Basit Siddiqi

Apply to Invest with Taylor atwww.investwithtaylor.com

Track your wealth for free with Personal Capital, go towww.escapingwallstreet.com

Please leave a review and help others escape Wall Street and build wealth on Main Street!

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Investing with Taylor: www.investwithtaylor.com

Stessa to Manage your properties: https://stessa.sjv.io/c/2425882/1152983/14113

Megan Stafford shares her journey from buying her first duplex with a 203K loan to scaling her real estate portfolio to over 2 million dollars. She discusses her creative financing strategies, including partnering with investors and using HELOCs to fund subsequent deals.

She also talks about her approach to flipping properties and the value drivers she focuses on to maximize profits. Megan shares her experience of managing properties remotely and her decision to reduce her unit count to have more freedom and flexibility in her life.

Key Takeaways:

• Megan started her real estate journey by purchasing a duplex with a 203K loan and has since scaled her portfolio to over 2 million dollars.
• She used creative financing strategies, such as partnering with investors and using HELOCs, to fund subsequent deals.
• Megan emphasizes the importance of finding good deals and leveraging her network of real estate agents to source opportunities.
• She focuses on value drivers such as layout, adding bathrooms, and splitting lots to maximize profits in her flips.
• Megan manages her properties remotely by using technology, maintaining open communication with her team, and making regular visits to ensure quality control.
• She is currently reducing her unit count to have more freedom and flexibility in her life.

Quotes:

• "I always find the deal first. And then it's like a fire under my butt. I'm like, okay, now I gotta scramble." - Megan Stafford
• "I guess where there's a lot of fear, there's a lot of opportunity too." - Megan Stafford
• "I value my time a lot and I want to start cutting back and like traveling more and not having to deal with that." - Megan Stafford

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With over 42 years in industrial real estate, what key lessons has Joel learned about building trust and mitigating risk when the market inevitability shifts?

In this episode, veteran industrial real estate professional Joel Friedland shares his decades of wisdom, including how to build trustworthiness with investors, properly assess risk tolerance, and create win-win relationships built to last. With over 2,000 industrial real estate deals under his belt and experience across four major market cycles, Joel provides a unique historical perspective on industrial investing.

Joel has a 42 year track record in industrial real estate. He co-founded Epic/Savage Realty Partners in 1991 where he oversaw hiring and mentoring 60 industrial real estate professionals, many of whom became his partners. His group sold the firm to an international real estate company in 2014 and Joel started Brit Properties.

As an industrial real estate broker and owner, Joel has secured over 2,000 industrial property leases and sales, totaling over $250 million in acquisitions. His greatest accomplishment is maintaining valued relationships with brokers, tenants and investors spanning five decades.

He does fully syndicated deals with 0% debt, an unheard-of approach in real estate which caters to his wealthy investor base primarily concerned with conservation of principal. His experiences during the Great Recession in 2008 have informed his investment approach to be hyper-conservative while still allowing an ~8% cash return, plus upside, for his investors.

(00:01 - 00:07) Gaining Investor Trust Through Vulnerability

• Start by openly discussing past mistakes and failures
• Highlight previous market downturns and how you worked through them
• Ask investors insightful questions rather than selling

(00:07 - 00:13) Mitigating Downside Risk Before Issues Arise

• Minimize debt exposure whenever possible
• Conduct comprehensive due diligence on all aspects of a property

(00:13 - 00:19) Assessing Risk Tolerance in Shifting Markets

• Many new investors aren't prepared for decreasing tenant demand
• It's vital that sponsors properly gauge their own and investors' risk appetites

(00:19 - 00:25) Ensuring Alignment Through Shared Experiences

• Look for operators who show appropriate judgment given market conditions
• There are no shortcuts for experience; seek out veteran perspectives

(00:25 - 00:31) Cultivating Meaningful Relationships for the Long-Term

• Property investment facilitates rich personal connections
• Focus on win-win relationships with tenants, partners, and community
• Book recommendation:
• Who inspires Joel? : His 96-year-old business partner and friend.

Quotes:

"How do you trust somebody? They start with their vulnerability." -Joel Friedland

"Keep your loved ones close and don’t get into fights and wars with people. It’s just not worth it." - Joel Friedland

Connect with Joel:

Website: https://britproperties.com/

Apply to Invest with Taylor atwww.investwithtaylor.com

Track your wealth for free with Personal Capital, go towww.escapingwallstreet.com

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Jonathan Twombly is a real estate investor and entrepreneur. He started his career in multifamily real estate before pivoting to focus on value-add independent hotels. Jonathan has a self-taught background in syndication and has successfully raised millions of dollars for his real estate projects. He is the co-founder of Two Bridges Asset Management LLC, a firm that specializes in acquiring and renovating independent hotels.

Summary:

Jonathan Twombly shares his journey from being a corporate lawyer to becoming a full-time real estate investor. After getting laid off during the financial crisis, Jonathan decided to explore real estate investment and eventually started his own business in multifamily syndication. He later transitioned into the hotel space, focusing on value-add independent hotels in New York and New England. Jonathan discusses the unique challenges and opportunities in the hotel industry, including the impact of short-term rentals like Airbnb. He emphasizes the importance of finding the right team and creating a unique guest experience in the hotel business.

Key Takeaways:

• Jonathan focuses on value-add independent hotels in New York and New England.
• He started his real estate career in multifamily syndication after getting laid off as a corporate lawyer.
• Jonathan emphasizes the importance of having a strong network and raising capital before starting a real estate business.
• The hotel industry offers opportunities to turn around undervalued assets and create unique guest experiences.
• Short-term rentals like Airbnb are not direct competitors to hotels, and the hotel industry already factors in Airbnb's presence in the market.
• Jonathan believes that Airbnb may face more challenges and regulations in the future, potentially impacting its growth.
• Hotels have more flexibility in adjusting room rates based on demand, allowing for revenue management.
• Design and guest experience play a crucial role in the success of a hotel business.
• Jonathan's wife inspires him with her ability to execute projects and stay focused.

Quotes:

• "I'm focused pretty much exclusively on value-add independent hotels." - Jonathan Twombly
• "I was very frugal when I was a lawyer… I had a few years of runway in the bank." - Jonathan Twombly
• "There's a whole generational change going through the independent hotel industry." - Jonathan Twombly
• "I don't really see Airbnb as being a threat… I think it may have peaked already." - Jonathan Twombly
• "In the hotel space, your costs vary more with your revenues than they do with multifamily." - Jonathan Twombly
• "You have to make this a place that people wanna go… create the appropriate environment." - Jonathan Twombly
• "Business is a long game… just keep pushing forward, even when you're not seeing the results." - Jonathan Twombly

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How can creative financing transform the way we approach mobile home park investing, and what impact does it have on both the investor and the community?

In this episode, Logan Moffett shares his journey into real estate, emphasizing mobile home park investing, and the intricacies of seller financing and creative deal-making. The conversation provides a wealth of knowledge on leveraging seller motivation, optimizing financing notes, and practical tips for property improvements and pre-leasing vacant units. Moffett's personal experiences offer a unique perspective on building wealth through real estate while creating positive community impacts.

[00:01 - 05:37] The Drive for Impactful Investing

• Logan's motivation behind choosing mobile home parks
• The importance of understanding local markets and rental dynamics
• The potential for creating better lives, focus on improving children's futures, and real estate as a tool for wealth creation

[05:38 - 13:53] Beginning of a Real Estate Voyage

• Logan's journey from sales to real estate investment
• Navigating creative financing and seller motivation for better terms
• Building wealth through strategic investments and market understanding

[13:54 - 21:16] First Foray into Mobile Home Parks

• The acquisition and transformation of Logan's first mobile home park
• The significance of understanding and solving the seller's pain points.
• Transforming underperforming assets into high-revenue properties.

[21:17 - 29:48] A Creative Financing Case Study

• Deep dive into a creatively financed mobile home park deal
• Strategies for increasing rental income and property value
• The importance of providing affordable housing options

[29:49 - 35:43] Closing Segment

• Logan's key lessons from mobile home park investing and advice for new investors
• Leveraging experience to make informed investment decisions
• The role of fearlessness and vision in achieving long-term success

Quotes:

"You need to be willing to walk on glass to get where you want to go." - Logan Moffett

"I'm really conservative about how I invest and a lot of it for me is what work can I put in to make it a good investment." - Logan Moffett

"It's not just about raising rents as high as you can. It's about finding ways to really have a good, strong base in the property." - Logan Moffett

Connect with Logan:

Website: https://remaxofutah.com/

LinkedIn: Logan Moffett

Instagram: @multifammoffett

Apply to Invest with Taylor atwww.investwithtaylor.com

Track your wealth for free with Personal Capital, go towww.escapingwallstreet.com

Please leave a review and help others escape Wall Street and build wealth on Main Street!

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Article Discussed: https://www.psychologytoday.com/us/blog/neuroscience-in-everyday-life/201801/why-sharing-your-goals-makes-them-less-achievable

Goals are a critical part of achievement, but psychological research tells us that we should be VERY careful about talking about our goals too much. Taylor digs into the science and his personal experience in setting and achieving goals.

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Do real estate investors need to have a college degree? Do I need a degree to break into real estate investing?

Taylor emphasizes that while a degree may not be necessary to invest in real estate, it can be beneficial for certain career paths within the industry, such as real estate finance or private equity. Ultimately, the decision to pursue higher education should align with one's long-term goals and aspirations.

Key Takeaways:

1. College degree is not necessary to become a real estate investor.
2. Having the right connections and strategy can help young individuals start investing at a young age.
3. Certain career paths within real estate, such as finance or private equity, may require a college degree.
4. The decision to pursue higher education should align with one's long-term goals and aspirations.

Quotes:

• "You don't need a college degree to be a real estate investor."
• "To get into real estate finance or private equity, you need a four-year college degree."
• "Understanding your ultimate goal is crucial in deciding whether to pursue higher education."

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How can real estate investing act as a hedge against inflation and demographic shifts in the U.S. economy?

In this episode, Nic Deangelo delves into the realms of real estate investment, inflation, and strategies for high-net-worth investors. Deangelo, with 20 years in real estate and a portfolio of over $206 million, shares his expertise on the impact of inflation on real estate, demographic trends affecting the market, and strategies for working with high-net-worth investors. His unique insights into the long-term benefits of real estate as an investment tool in times of economic uncertainty provide valuable learning for anyone interested in wealth strategy and real estate.

[00:01 - 04:05] Understanding Real Estate Advantages

• Real estate offers unique benefits like cash flow and tax advantages
• Comparison with other investment forms, such as gold
• Introduction to the multifaceted nature of real estate investing

[04:06 - 10:11] Inflation and Its Impact on Real Estate

• The relationship between inflation rates and real estate market trends
• Strategies for navigating inflation as a real estate investor
• Deangelo's perspective on future inflation trends and their implications

[10:12 - 16:46] Demographics and Real Estate Investment

• The influence of the baby boomer generation on the real estate market
• How demographic shifts create opportunities in real estate
• Long-term outlook on U.S. demographics and its effect on real estate

[16:47 - 23:57] Strategies for High Net-Worth Investors

• Changing preferences of high net-worth investors over time
• The importance of security, consistency, and flexibility in investments
• Adapting investment strategies to align with investor demographics

[23:58 - 29:58] Closing Segment

• The significance of long-term thinking in real estate investment
• Personal insights from Deangelo on wealth and legacy building
• Deangelo’s advice for future and current real estate investors

Quotes:

"Real estate offers huge opportunities, especially on the hard asset side." - Nic Deangelo

"The biggest causes of inflation are actually demographic." - Nic Deangelo

Connect with Nic:

Website: https://saintinvestment.com/

LinkedIn: Nic Deangelo

Instagram: @nicdeangelo

Apply to Invest with Taylor atwww.investwithtaylor.com

Track your wealth for free with Personal Capital, go towww.escapingwallstreet.com

Please leave a review and help others escape Wall Street and build wealth on Main Street!

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Investing with Taylor: www.investwithtaylor.com

Manage your properties with Stessa: https://stessa.sjv.io/c/2425882/1152983/14113

Gabriel Hamel shares his journey from starting out with no money to building a $50 million real estate portfolio. He started by buying single-family and small multi-family properties with no money down, using creative financing strategies. Gabriel emphasizes the importance of mindset and perseverance in achieving success in real estate. He also discusses how he successfully negotiated seller finance deals and transitioned into larger commercial properties. Gabriel's story is a testament to the power of creative financing and the value of building relationships in the real estate industry.

Key Takeaways:

• Gabriel started his real estate journey with no money and used creative financing strategies to build his portfolio.
• Building relationships and networking are crucial in finding and securing deals.
• Gabriel focused on cash flow and investing in properties that made financial sense from day one.
• He transitioned from single-family and small multi-family properties to larger commercial properties, using the same creative financing principles.
• Gabriel emphasizes the importance of mindset, perseverance, and staying committed to your goals in order to achieve success in real estate.

Quotes:

• "I decided in my mind first that I would be financially free and real estate was gonna be that path."
• "Every single deal came from a conversation or relationship."
• "Get real clear on what's most important to you and spend as much of your time and energy on those things."

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What unique strategies must real estate investors employ when acquiring distressed "D-class" properties?

In this episode, seasoned real estate investor Guido Nunez shares his approach to investing in and managing D-class apartment complexes. With hundreds of units under his belt in California, Arizona, and soon Texas, Guido has honed strategies for securing financing, finding quality service providers, engaging positively with residents, and adding value through modest upgrades. He explains how to determine a property's class level based on metrics like price, condition, amenities, and neighborhood quality. Guido stresses the importance of aligning with reliable partners and service providers willing to work in distressed areas. While value-add upgrades are limited for D-class, security, cleanliness and community spaces make a big impact.

[00:01:00 - 00:04:00] Evaluating Asset Class Levels

• Price, cap rate, condition, amenities indicate class
• Consider whether a D property in a C neighborhood
• Estimate repositioning potential and capital needed

[00:04:00 - 00:07:00] Securing and Managing D-Class Properties

• Lighting, gates, security are first priorities
• Engage residents positively about improvements
• Upgrade courtyard and common areas on a budget

[00:07:00 - 00:10:00] Sourcing Service Providers for D-Class Areas

• Connect constantly with local maintenance crews
• Find partners already working in those neighborhoods
• Check county and city ordinances for investor-friendliness

[00:10:00 - 00:13:00] Neighborhood Factors Impacting Investment Decisions

• Scout crime rates, schools, demographics
• Total quality score indicates class level
• Must see a path towards growth and value

[00:13:00 - 00:30:00] Selecting and Vetting Investment Partners

• Get to know potential partners for 12+ months
• Attend conferences and meetups to make connections
• Ensure proper alignment for long-term holdings
• Book recommendation: Rich Dad's Cashflow Quadrant - Rober Kiyosaki
• Who inspires Guido?: Himself 10 years in the future.

Quotes:

"If you're not a people person, don't do this, especially if you're going to be an active investor." - Guido Nunez

"I try to stay away from [apartment buildings built in the] 70s and up." - Guido Nunez

Connect with Guido:

Website: https://thew2investor.com/

Apply to Invest with Taylor atwww.investwithtaylor.com

Track your wealth for free with Personal Capital, go towww.escapingwallstreet.com

Please leave a review and help others escape Wall Street and build wealth on Main Street!

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On this episode we'll highlight some important leadership and business lessons we can learn from the experiences of Easy Company, as delivered in Stephen E Ambrose's book Band of Brothers.

Key Takeaways:

• Uniting a team under a common purpose helps keep them together.
• Leaders should be willing to do the things they ask others to do.
• Learning from historical events and stories can provide valuable perspective.

Quotes:

• "Uniting people, uniting teams under a common enemy and a common purpose helps keep them together."
• "As a leader, be willing to do the things that you're asking people to do."
• "Remembering the stories of the men who fought and died in these battles is important for its own sake."

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Use Stessa to manage your properties: https://stessa.sjv.io/c/2425882/1152983/14113
Invest with Taylor: www.investwithtaylor.com

Ruben Izgelov, a professional lender and founder of We Lend, LLC, joins the Passive Wealth Strategy Show to discuss the rising interest rates and the emergence of rescue capital in the real estate space. He explains how his lending company's rescue capital program works, including the evaluation of deals and borrowers. Ruben emphasizes the importance of mitigating risk and the need for borrowers to have equity in the deal. He also discusses the process of selling loans on the secondary market and the challenges of providing rescue capital as a preferred equity partner.

Key Takeaways:

• Rescue capital is provided to borrowers who are in default or facing financial difficulties with their existing lenders.
• Technical defaults often occur when a loan matures, and the borrower needs to find a new lender to refinance the debt.
• The leverage against the property's as-is value is a key risk mitigator for rescue capital loans.
• Borrowers with more equity in the deal are more likely to pay off the loan and find a solution to their financial difficulties.
• Selling loans on the secondary market helps mitigate risk and allows for compounding returns.

Quotes:

• "The leverage against the as-is value is our biggest risk mitigator." - Ruben Izgelov
• "The more equity the borrower has in the deal, the more likely they are to pay off the loan." - Ruben Izgelov

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How did Jonathan transition from teaching to real estate investing, and what key lessons did he learn along the way?

Jonathan started as a special education teacher but felt limited by his earning potential. He began investing in real estate by flipping houses, using private money and credit cards to finance his first deals. After finding success flipping, Jonathan transitioned to buying small multifamily properties. Jonathan shifted to larger commercial real estate like office buildings and industrial properties when he wanted more freedom to spend time with family. He made mistakes along the way, learning tough lessons about the importance of due diligence. Now Jonathan pursues highly functional “set it and forget it” commercial assets to focus on his role as a husband and father.

Jonathan Hayek worked in the teaching and non-for-profit world for ~10 years. He decided to live the life of an entrepreneur to pursue financial and time freedom. Now an owner/operator of multi-family and commercial real estate as well as the host of The Source of Commercial Real Estate Podcast, the go-to source for learning about commercial real estate (particularly outside of multi-family!

[00:02- 00:07] Scrappy First Deals:

• Financed first flips through inheritance money, private lenders, and credit cards
• Early success built confidence to take on more projects
• He was able to attract more financing for additional deals

[00:08 - 00:15] ]Painful Due Diligence Lesson:

• Why Jonathan felt "invincible" and bought a house with major water issues
• Learned to thoroughly vet properties before purchasing
• Why it's okay to cut losses instead of throwing good money after bad

[00:16 - 00:20] From Small Multifamily to Commercial:

• Jonathan wanted more family time so looked into larger commercial properties
• Tried an office building, leasing up small spaces to local businesses
• He settled on industrial buildings which require less management

[00:21 - 00:27] Creating Value in Industrial Assets:

• Jonathan pursues industrial properties with expiring leases below market rent
• Signs longer leases at higher rents, adding major value
• Refinances to get his capital out and repeats the process

[00:28-00:30] Lifestyle Over Empire Building:

• He now focuses on easily managed assets to devote time to family
• Industrial buildings have low maintenance compared to other asset classes
• Quality assets have high demand from trade companies needing workspace
• Book recommendation: How to Win Friends and Influence People by Dale Carnegie

Connect with Jonathan:

https://www.thesourcecre.com/contact-us/

Quotes:

“The best confidence builder is having success. So you have some success on those first couple of deals, build your capital reserves a little bit, build your reputation, your track record, and then you can attract more capital.” - Jonathan Hayek

“I am inspired by people that live life on their terms, that know how to give back, that know how to inspire others, and can live life on their terms in a kind and respectful and thoughtful way.” - Jonathan Hayek

Apply to Invest with Taylor atwww.investwithtaylor.com

Track your wealth for free with Personal Capital, go towww.escapingwallstreet.com

Please leave a review and help others escape Wall Street and build wealth on Main Street!

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Investing with Taylor: www.investwithtaylor.com

Automate your rental properties with Stessa: https://stessa.sjv.io/c/2425882/1152983/14113

Gabriel highlights three key areas where financial advisors can provide assistance: managing market volatility, attracting and retaining employees, and implementing wealth transfer strategies. He emphasizes the importance of having a cushion to weather market ups and downs, especially for real estate investors who rely heavily on illiquid assets. Gabriel also discusses the misconceptions that real estate investors have about financial advisors and the need for early engagement to maximize the benefits of working with a financial advisor.

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How is the office real estate market truly faring amidst predictions of its demise in the post-pandemic landscape?

Many have foretold the death of office real estate, citing remote work trends and vacant downtown buildings as proof. But is the office market really in as dire straits as some claim?

In this episode, commercial broker Jesse Fragale provides an insider's perspective. With over a decade of experience in office leasing and sales, Jesse shares updates from major markets, unpacks differences between Class A, B, and C spaces, and examines the feasibility of converting offices into apartments. He explains why reports of the office market’s death may be greatly exaggerated, especially for higher-quality assets, and reveals where pockets of opportunity still await savvy investors willing to hunt for them.

Jesse is a commercial real estate advisor specializing in the Downtown and Midtown Toronto markets. Jesse represents clients in various areas including tech, start-ups, not-for-profit, and traditional corporates to name a few. His focus is on office leasing and investment sales.

(00:03:00 - 00:06:00) Perceived Crisis vs. Pre-Existing Trends

• The rise of remote work did not surprise most commercial brokers, as more flexible workplace norms were already emerging
• Pandemic lockdowns rapidly accelerated these pre-existing shifts towards more hybrid remote/in-office arrangements
• Initial overreactions are now giving way to market corrections, but the eventual "new normal" remains unclear

(00:06:00 - 00:09:00) Flight to Quality?

• Many employees still value separating work and personal lives, favoring offices for camaraderie & productivity
• High-quality "Class A" office spaces may benefit from a "flight to experience," attracting tenants through amenities and modern finishes
• Class B and C buildings face more uncertainty, especially in struggling locations

(00:09:00 - 00:12:00) The Challenges of Converting Offices to Apartments

• Limited windows and expansive floor plates make most offices poor apartment candidates
• Upgrading plumbing, HVAC and other systems would often prove cost-prohibitive
• Pure conversion is rare; demolition and ground-up building more likely

(00:12:00 - 00:16:00) Sales Volumes and Rental Rates

• Office sales slowed dramatically - potentially more than the multifamily market
• Landlords favored short lease extensions amid uncertainty
• Effective rents dropped as landlords offered more concessions

(00:16:00 - 00:28:00) Signs of Stabilization

• Companies are returning to 3-5+ year office leases, signaling renewed optimism
• Rental rates are flattening after years of concessions and deferrals
• Proximity to transit is now prized more with location preferences shifting
• Book recommendation: The Motivation Myth by Jeff Haden
• Who inspires Jesse?: Jesse's grandfather

Quotes:

"I don't think there's an exact, textbook definition, but the way I categorize AAA office is, if you're in most major markets, you see buildings with LEED Gold, Platinum certification, or DELOS wellness certification - those top-tier, cutting edge buildings with great amenities." - Jesse Fragale

"The challenging situations we see are investors who purchased an office building within the last 5 years when rates were low. Now their building has high vacancy in a weak location, and they can't fill the space. Those owners are in trouble." - Jesse Fragale

Connect with Jesse:

Website: www.avisonyoung.com

Apply to Invest with Taylor atwww.investwithtaylor.com

Track your wealth for free with Personal Capital, go towww.escapingwallstreet.com

Please leave a review and help others escape Wall Street and build wealth on Main Street!

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Have you ever considered how transitioning from one real estate investment strategy to another could not only change your portfolio but also your lifestyle?

In this episode, Taylor welcomes Matthew Masoud, a real estate investor who, over three years, built a significant portfolio of 34 units comprising midterm rentals. Initially thriving in the midterm rental space, Matthew shares his journey of transitioning to other real estate assets to align his investments with his desired lifestyle. This episode dives into the nuances of midterm rentals, their operational challenges, and how strategic shifts in investment focus can lead to personal and professional growth. Let's dive in!

Matthew Masoud is a Real Estate Investor at his self-owned firm Superior Capital. Matthew manages and operates multifamily assets purchased through JV and syndications.

[00:01 - 05:43] The Beginning of a Real Estate Journey

• Matthew's early experiences in real estate, starting with a triplex in Ohio
• The importance of 'buying right' in real estate investing
• Transition from personal involvement in renovations to scaling the portfolio

[05:44 -10:52] Midterm Rentals: A Stepping Stone

• The discovery and success of midterm rentals in the Dayton market
• Operational strategies and challenges in managing midterm rentals
• Scaling operations alongside property acquisitions

[10:53 - 14:25] Pivoting to Long-Term Investments

• Reasons for shifting from midterm rentals to long-term investments
• Evaluating the operational intensity and lifestyle compatibility of investment strategies
• Exploring traditional commercial properties and multifamily investments

[14:26 - 20:56] Market Analysis and Expansion

• The importance of market selection in real estate investment
• Strategies for off-market acquisitions and direct outreach to property owners
• Adapting to the changing real estate market since the pandemic

[20:57 - 26:39] Closing Segment

• Matthew's approach to learning new asset classes, including obtaining a commercial broker license
• The importance of adapting and growing in the real estate industry
• Matthew's insights and advice for young and aspiring investors

Quotes:

"I realized that real estate was the bridge that was going to take me towards freedom." - Matthew Masoud

"You make your money on the buy." - Matthew Masoud

"Be patient on the macro, but impatient on the micro and keep moving towards your goals." - Matthew Masoud

"If the deal falls through it's not the end of the world. Don't be too hard on yourself." - Matthew Masoud

Connect with Matthew:

LinkedIn: Mathew Masoud

Apply to Invest with Taylor at www.investwithtaylor.com

Track your wealth for free with Personal Capital, go to www.escapingwallstreet.com

Please leave a review and help others escape Wall Street and build wealth on Main Street!

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Investing with Taylor: www.investwithtaylor.com

Taylor discusses the key concepts from the book "The Gap and the Gain" by Dave Anne Sullivan and Benjamin Hardy. He explains the three key points in our personal timelines and progress of achievement: where we are today, where we were in the past, and where we aim to get to.

The book emphasizes measuring success by focusing on the gain, the progress made over time, rather than the gap between where we are and where we want to be. Taylor highlights the importance of learning from our past experiences, both positive and negative, and turning them into gains. By shifting our mindset to focus on the gain, we can cultivate a more empowering perspective and apply the lessons learned to future endeavors.

Key Takeaways:

1. Focus on the gain, the progress made over time, rather than the gap between where you are and where you want to be.
2. Learn from both positive and negative experiences to turn them into gains.
3. Cultivate an empowering mindset by measuring success backwards and applying lessons learned to future endeavors.

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How can Canadian real estate investors build wealth in an expensive housing market?

Natalie Cloutier joins the Passive Wealth Strategy podcast to discuss how she and her husband have built over 30 rental properties from the ground up in Canada's hot housing market. They use a "build-to-hold" strategy, constructing new small multifamily buildings with sweat equity and zero money down loans. Natalie outlines their entire process, from financing these deals to managing the rentals at scale. She also shares key lessons for aspiring build-to-rent investors.

Natalie works with Transport Canada full-time and is a part-time real estate investor. She started investing in 2014 building her first home from the ground up with no money down.

(00:00 - 03:42) Getting Started With Build-to-Rent

• Used sweat equity to build first home with 0 down at 20 years old
• Added rental suite to basement for extra income
• Financed second single-family home through HELOC and converted to duplex

(03:43 - 09:33) Scaling Through Multiple Properties

• Focused builds in area they knew well with strong rental demand
• Kept loan-to-value ratios below 75% to allow for interest rate fluctuations
• Sold some peak priced units during pandemic to redeploy capital

(09:34 - 13:55) Managing Properties & Teams

• Hired property manager briefly but took back control
• Using Buildium software to systematize maintenance
• Building in-house team to allow for scalable growth

(13:55 - 28:00) Adapting to Interest Rates

• Mortgage terms are 3-5 years in Canada, so rates fluctuate
• Focus on keeping costs low as rates change
• Maintain under 75% loan-to-value ratio
• Book recommendation: The Secrets to the Canadian Real Estate Cycle
• Who inspires Natalie?: Brandon Turner and Natalie's mother.

Quotes:

"Really anybody can do this. And I do have friends and family who has done, built their own home or built rental properties on their own." - Natalie Cloutier

"If you're able to stay safe in your leveraging, that's probably the best tool you can use in order to keep scaling." - Natalie Cloutier

Connect with Natalie:

Website:

https://www.thenewbuildcouple.com/

Apply to Invest with Taylor atwww.investwithtaylor.com

Track your wealth for free with Personal Capital, go towww.escapingwallstreet.com

Please leave a review and help others escape Wall Street and build wealth on Main Street!

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Invest with Taylor: www.investwithtaylor.com

Open a Self Directed IRA: www.passivewealthstrategy.com/rocket/

Tom Zeeb shares his expertise in negotiation strategies for real estate investors. He emphasizes the importance of understanding the other party's pressure points and solving their problems to create a win-win scenario. Tom provides practical techniques such as the flinch, bracketing, and using specific numbers to make offers. He also advises aspiring negotiators to practice active listening and ask probing questions to uncover the seller's motivations and needs.

Key Takeaways:

1. Focus on solving the other party's problems to create a win-win scenario.
2. Use the flinch technique to show surprise or concern when presented with a number.
3. Employ bracketing to engineer the middle ground and meet in the middle.
4. Make offers with specific numbers to convey thoughtfulness and professionalism.
5. Practice active listening and ask probing questions to uncover the seller's motivations and needs.

Quotes:

• "Focus more on their pressure points. When you learn to solve their problems, you'll get the price you want."
• "Don't be afraid to ask difficult questions. You're helping them by pushing them to make a decision."
• "Always make at least two offers. It gives them a choice and avoids a binary decision."
• "The flinch technique creates doubt about the number and opens the door for negotiation."
• "Specific numbers make your offer more credible and show thoughtfulness."
• "Active listening and probing questions build rapport and help you structure a package that solves their problem."

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How can you protect and grow your real estate wealth across generations?

In this engaging episode, KC Chohan explains how trusts can help real estate investors protect assets, maintain privacy, reduce taxes, and pass on wealth. Learn the key differences between LLCs and various trust structures, when trusts start to make practical sense based on your net worth, and how to set up guardrails so future generations preserve (instead of lose) family assets.

KC Chohan is the Founder of Together CFO, providing fractional CFO services, accounting, and bookkeeping to help high-net-worth families protect their wealth and assets. Motivated by bridging the gap in financial literacy, especially for first-generational wealth, KC pushes himself to continually learn and understand advanced asset protection and legacy planning strategies. As a writer for Forbes Magazine, professional speaker featured in various major media outlets, and resident CFO expert for high-level masterminds, KC Chohan is on a mission to equip one million business owners with the tools and education for robust asset protection and lasting generational legacy.

[00:00 - 00:06] What is a Trust and What Does it Do?

• A trust is a 3-party legal contract between the grantor, trustee, and beneficiary
• It bifurcates asset ownership for protection and can create a generational legacy
• Over 84 types of trusts exist, so first clarify goals before selecting a structure

[00:06 - 00:14]Can I Be Both Trustee and Beneficiary for Maximum Protection?

• Asset protection ties to legal ownership liability
• Bifurcating ownership with trustee vs beneficiary provides confusion against lawsuits
• Anonymity and reduced attack surface safeguard wealth

00:14 - 00:20 At What Net Worth Do Trusts Start to Make Sense?

• Even simple wills can work for smaller estates to pass on some assets
• Mid-size estates between $100k-$1M benefit from basic living trusts
• Larger estates over $1M need customized, complex trust solutions

[00:20 - 00:28 ]Beware Major Tax Implications If Done Wrong

• Asset transfers or sales can trigger significant capital gains taxes
• LLC membership structure provides more flexibility than S-corp shares
• Consult professionals to navigate ownership changes
• Book recommendation: Think and Grow Rich
• Who inspires KC?: Ray Dalio

Quotes:

"It's really important to understand what it is you're trying to achieve at the offset before getting into such structures." - KC Chohan

"When most people at least come to speak to us, they're actually looking for a lot more than that. That's one piece of the pizza pie." - KC Chohan

Connect with KC:

Website: https://www.togethercfo.com/

Apply to Invest with Taylor atwww.investwithtaylor.com

Track your wealth for free with Personal Capital, go towww.escapingwallstreet.com

Please leave a review and help others escape Wall Street and build wealth on Main Street!

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What challenges did Nico face on his first multifamily syndication deal, and what key lessons did he learn that have shaped his investing approach today?

In this episode, host Taylor Loht interviews Nico Salgado about his experience acquiring his first multifamily syndication deal - a 194-unit C/C- property in Columbus, Ohio in 2020. They discuss the obstacles Nico faced with this challenging Class C property, from troublesome tenants to major deferred maintenance and difficulties with his large GP team. Nico shares key takeaways that have informed his investing strategy going forward.

Nico has a BS in Business Marketing and Management and a minor in Economics. He also holds a master's degree in Spanish Language Education and spent the past 18 years as a Spanish teacher. Apart from teaching and investing in real estate, Nico is an entrepreneur, coach, mentor, and leader. He is an avid surfer, woodworker, traveler, and extremely proud father. As founder and visionary of Small Axe Communities, Nico is responsible for developing and executing the company’s long-term objectives, growth strategies, and initiatives as well as overseeing day-to-day operations.

[00:00 - 00:03] Getting Started in Multifamily Investing

• Nico began educating himself on multifamily in 2019 through a mentorship program
• He joined his first syndication deal in 2020 after declining initially due to feeling unprepared

[00:03 - 00:12] The Challenges of His First Deal

• 194 units in Columbus, Ohio purchased in Dec 2020 for $43k per door
• Significant deferred maintenance after 12 years of neglect from the previous owner
• Had issues with crime and troublesome tenants in one area of the two-property portfolio

[00:12 - 00:16] Executing the Business Plan

• Brought in a construction crew from Miami to renovate units
• Renovated about 100 of the 194 units
• Took occupancy from the 60s into the 90s by the time of sale

[00:16 - 00:26] Selling the Asset

• Nico approached by several buyers early on due to an attractive offer
• Ended up selling to one of those groups 2 years after buying
• The buyer got "flaky" to rising interest rates but closed at the original price
• Having 8 GPs was too many "cooks in the kitchen"
• Stayed focused on Florida afterward due to the Columbus market

Quote:

-"It was a freaking stretch, man. It was really hard to get that done. I didn’t realize how hard it was going to be." - Nico Salgado

Connect with Nico:

Website: https://smallaxecommunities.com/

Apply to Invest with Taylor atwww.investwithtaylor.com

To track your wealth for free with Personal Capital, go towww.escapingwallstreet.com

Please leave a review and help others escape Wall Street and build wealth on Main Street!

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Invest with Taylor at www.investwithtaylor.com

Get your Self Directed IRA at www.passivewealthstrategy.com/rocket/

John Lindsey is the co-founder and president of Lindsey Self Storage Group. With a family history in the storage business dating back to 1969, John has extensive experience in self-storage investing, development, brokerage, and management. He is considered a thought leader in the self-storage industry.

Summary:

John shares insights on the impact of high interest rates, the demand side of self-storage, oversupply in certain markets, and strategies for navigating the market. He emphasizes the importance of making informed decisions and being cautious in the current market conditions. John also discusses the motivations of sellers, the impact of construction costs, and the reinvestment plans of mom and pop owners.

Key Takeaways:

1. High interest rates have made it difficult for smaller deals to get done in the self-storage market.
2. Mortgage applications are down, leading to stagnating occupancy rates and decreasing rental rates in some markets.
3. Oversupply is more prevalent in core and core plus markets, where multiple developers have built simultaneously.

Quotes:

• "People can sit on the sidelines all they want, but money is made when it is changing hands through deals." - John Lindsey
• "Most sellers are pretty willing to just say thank you and just go about their business." - John Lindsey

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What mindsets helped Mike go from working at McDonald's to financial freedom through real estate investing?

In this episode, host Taylor Loht interviews young real estate mogul Mike Mannino on his journey from flipping burgers to flipping houses. Mike shares how a challenging health diagnosis in his youth shaped his mindset to live life intentionally and adopt an abundance mentality focused on serving others. He recounts getting started by house-hacking his first property at 19 and then tapping into tax auction properties to launch his flipping business with his dad. Mike explains the key systems and processes he implemented in his company that enabled him to scale up to 80 flips while working only 20 hours a week. He also discusses his strategic transition into multifamily investing for tax benefits, passive income, and wealth appreciation.

Over the past 8 years, Mike has built a business that flipped over 80+ houses by the age of 30 and created multiple companies that generate over 1M per year in revenue, sold tens of thousands of copies of his book (making him an Amazon best selling author) , he is the founder of Real Estate Wealth Builders which is an educational company that helps real estate investors quickly scale their real estate business.

[00:53 - 05:53] The Mindsets That Fueled Mike's Journey

• How Mike turned his challenging diagnosis into motivation to live intentionally
• Mike adopted an abundance mindset focused on serving others
• Why Mike set the big goal of retiring his father

[05:53 - 12:28] Getting Started in Real Estate Investing

• How Mike house hacked his first property at 19 to cover the mortgage with roommates' rent
• Mike tapped into tax auction properties to discover profitable deals
• Mike partnered with his dad on flips by splitting purchase and renovation costs

[12:28 - 18:33] Scaling Up From 1 to 80 Property Flips

• Mike systematized materials and processes to remove the guesswork
• Why Mike pays top rates to hire A-player team members
• Mike documented his journey publicly to attract opportunities

[18:33 - 22:34] Transitioning from Flipping to Multifamily Investing

• Multifamily provides tax benefits for Mike to offset flipping income
• Flipping profits stop when Mike stops working; multifamily means passive income
• Multifamily allows Mike's wealth to grow through gradual rent increases

[22:34 - 28:00] Key Relationships Are Critical

• Mike couldn't scale his company without the right team in place
• Knowing the right people allows Mike to buy any deal
• Mike treats his team well so they'll have his back when issues arise
• Best deal: A 16-unit apartment building in North Carolina
• Worst deal: House flips that didn't go according to budget
• Top lesson learned: Creating and maintaining great relationships in the business.

Quotes:

"Your first deal is your scariest deal. As you know, it's your hardest deal. It's your scariest deal." - Mike Mannino

"If you know the right people, you can buy any deal you want. You can buy as big of a deal as you want." - Mike Mannino

Connect with Mike:

Website: 55kdeal.com

Apply to Invest with Taylor atwww.investwithtaylor.com

Track your wealth for free with Personal Capital, go towww.escapingwallstreet.com

Please leave a review and help others escape Wall Street and build wealth on Main Street!

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Investing with Taylor at www.investwithtaylor.com

Start your Solo 401k or SDIRA at www.passivewealthstrategy.com/rocket/

Brian Boyd is a tax attorney and experienced real estate investor. He has a master's degree in tax from Georgetown Law School and has written a book on building financial independence and tax-advantaged wealth through real estate investing. Brian offers coaching, mentoring, and online courses on tax and real estate matters.

Summary: In this episode, tax attorney and real estate investor Brian Boyd shares key tax mistakes and misconceptions that many people have. He emphasizes the importance of understanding the tax rules and seeking professional advice. Brian discusses topics such as passive activity losses, the short-term rental loophole, the heavy equipment tax deduction, and writing off car purchases on taxes. He also highlights the potential benefits of real estate investing and the need to educate oneself on the tax advantages. Brian encourages readers to read his book and take the time to understand the tax laws and regulations surrounding real estate investing.

Key Takeaways:

• Passive activity losses can be used to offset income from real estate investments, but there are specific rules and exceptions that need to be followed.
• The short-term rental loophole allows individuals who spend at least 100 hours a year on a short-term rental property to apply the tax benefits to their W-2 income.
• The heavy equipment tax deduction, under section 168K, allows real estate investors to write off a portion of the purchase price of qualifying vehicles used for business purposes.
• The bonus depreciation rule for heavy equipment allows for a 100% write-off in 2022, with decreasing percentages in subsequent years.
• It is important to track business use and consult with an accountant or tax professional to ensure compliance with the tax rules.

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Can the relentless pursuit of a new idea in the ever-evolving tech landscape transform the real estate industry?

In this episode, we explore the journey of Nathan Miller, founder of Rentec Direct, a top-rated property management software company. Starting in 2007, Nathan's venture from a small-time landlord to a tech entrepreneur demonstrates the power of innovation in the real estate and software industries. We delve into the challenges of building a tech company, adapting to market shifts, and the significant impact of technology on real estate investing.

With insights into AI's role in property management and the importance of customer-centric approaches, this episode offers valuable lessons for aspiring entrepreneurs and real estate professionals!

[00:01 - 06:02] The Genesis of Rentec Direct

• How the necessity of innovation for landlords led to the birth of Rentec Direct
• Overcoming industry challenges through continuous adaptation
• The importance of customer feedback in shaping product development

[06:03 - 10:07] Sustaining Success in Tech and Real Estate

• Strategies for staying relevant through economic shifts and technological advancements
• The role of self-funding and independence in business growth
• Prioritizing customer experience as a cornerstone of success

[10:08 - 14:41] Navigating Product Development

• Balancing innovation with market research to avoid costly mistakes
• The significance of understanding customer needs for effective feature development
• The impact of AI on enhancing efficiency and accuracy in property listings

[14:42 - 17:48] Legal Considerations in Property Management Tech

• Navigating the complexities of fair housing laws with technology
• The limitations of tech in fully automating legal processes
• The importance of legal expertise alongside technological solutions

[17:49 - 24:23] Closing Segment

• Nathan Miller's personal philosophy on business growth and long-term vision
• The significance of enjoying the entrepreneurial journey
• Embracing new ideas and opportunities in an ever-changing market

Quotes:

"The idea that everything's already been invented is wrong. Tomorrow, we're going to need new inventions." - Nathan Miller

"Every line of code you write is a little tiny invention." - Nathan Miller

Connect with Nathan:

Website: https://rentecdirect.com/

Apply to Invest with Taylor at www.investwithtaylor.com

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What unique abilities do engineers have that can give them an edge in real estate investing?

Nick talks about his background as an engineer and what drove him to leave his career to pursue real estate investing full-time. He explains how he has leveraged his engineering skills.

Nick Sicilian, an experienced Chief Engineer with a demonstrated history of success in the maritime industry. Over the years, He honed his skills in managing diesel generators, steam turbine generators, boilers, and safety management systems. His passion for engineering and problem-solving led me to excel in various technical aspects of the maritime domain.

[00:02:29 - 00:06:40] Leaving Engineering for Real Estate Investing* Nick worked as an engineer in the oil and gas industry but decided to leave his career to spend more time with his family. * He cashed out his 401k and jumped into real estate investing full time with his brother who had experience in the field. * Starting out, Nick focused on building communication skills and learning through doing deals hand-in-hand with his brother.

[00:06:41 - 00:14:27] Translating Engineering Skills to Real Estate* Nick brought a systems thinking approach to real estate, creating processes and order in his brother's business. * Coming from an engineering background, he was able to analyze deals repeatedly to gain knowledge. * Strong communication skills are key in real estate when speaking to sellers and lenders.

[00:14:28 - 00:21:41] Building a Real Estate Business* Nick and his brother keep their team small but mighty, with key players in acquisitions and dispositions. * They scale their business slowly, fully developing processes before bringing on new hires. * Personality assessments help determine if a new hire is a good fit for their needs.

[00:21:42 - 00:28:45] Lessons Learned* Nick emphasizes the importance of persistence above all else in real estate investing. * Learning from mistakes and failures are invaluable lessons that should be viewed as education. * Stay focused on seeing each deal through to the end rather than counting profits early. * Best Deal: Wholesaling a property to 1.6 Million in valuation * Worst Deal: A property with a tenant that had to be evicted. * Top lesson learned: Keep going, consistency even if things are not going your way.

"You have to keep going. If you're going to try something, you're going to try it, fail, and then keep on trying it until you perfect it." - Nick Sicilian

"Learnings from mistakes and failures are invaluable lessons that should be viewed as education." - Nick Sicilian

Connect with Nick:

Youtube: https://www.youtube.com/@TheSicilianBrothers/videos

Apply to Invest with Taylor atwww.investwithtaylor.com

Track your wealth for free with Personal Capital, go towww.escapingwallstreet.com

Please leave a review and help others escape Wall Street and build wealth on Main Street!

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Investing with Taylor: www.investwithtaylor.com

Open your Self Directed IRA or Solo 401k at www.passivewealthstrategy.com/rocket/

John Casmon is a former corporate marketer who transitioned into full-time real estate investing. He has invested over $125 million in apartment syndications and is the host of the Multifamily Insights podcast.

John Casmon shares his journey from the corporate world to full-time real estate investing. He emphasizes the importance of having a plan B and taking control of your future. John discusses the challenges he faced in building his initial portfolio and the decision to transition into apartment syndication. He also highlights the need to prioritize income-generating activities and delegate tasks to others. John shares his insights on time management and the importance of setting boundaries to maintain a work-life balance.

Key Takeaways:

• Having a plan B is crucial in taking control of your future and achieving financial freedom.
• Partnering with others and delegating tasks can help scale your real estate business more effectively.
• As an entrepreneur, your main focus should be on income-generating activities that solve problems for others.
• Time management is essential in maintaining a work-life balance and achieving your goals.
• Confidence and resourcefulness are key traits for success in real estate investing.

Quotes:

• "No matter what company you're at, you don't have full control over your future. It helps to have a plan B, and real estate became that plan B for me." - John Casmon
• "Your number one job as an entrepreneur is to make money. It's not to underwrite deals or record podcasts. All those things are fun, but they don't pay the bills." - John Casmon
• "Time is fluid as an entrepreneur. It's results-oriented. Either you solve problems and generate income, or you don't." - John Casmon

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How can you get more out of the books you read and turn those lessons into real results?

On this episode of The Passive Wealth Strategy Show, host Taylor Loht interviews Nick Hutcheson, author of Rise of the Reader. Nick shares his insights on how to read more consistently, get actionable lessons from the books you read, and turn those lessons into results in your life and business.

Nick Hutchison stands as the visionary force behind BookThinkers, a growing 7-figure marketing agency that seamlessly bridges the worlds of authors and readers. In just over 7 years, he has organically built a platform that reaches over 1,000,000 people each month. Nick's podcast, BookThinkers: Life-Changing Books, is a global top 2% show that features captivating interviews with world-class authors such as Grant Cardone, Lewis Howes, and Alex Hormozi.

Through the use of his platform, Nick has helped hundreds of authors expand their reach to hundreds of millions of readers and drive significant revenue growth as part of their book campaigns. His services include short-form video production, podcast booking and social media book reviews.

Now, Nick has dedicated his life to helping millions of readers take action on the information they learn and rise to their potential through his books, speaking, and personal brand as a whole. This was the inspiration for his new book, Rise of the Reader, where he dives into the strategies for mastering your reading habits and applying what you learn.

[00:05:09 - 00:08:29] Setting Intentions for Each Book

• Write a SMART goal for each book on the inside cover to filter for the most useful information
• Focus on finding 1 or 2 key actions to implement
• Don't get overwhelmed by too many takeaways

[00:08:56 - 00:10:29] Avoiding Distractions While Reading

• Schedule reading time in your calendar to develop the habit
• Replace mindless social media scrolling with reading
• Reading physical books trains focus and is less distracting than digital

[00:13:01 - 00:14:51] Choosing the Right Books

• Ask yourself questions to identify skills to develop or problems to overcome
• Get recommendations from mentors
• Read reviews on Amazon for objective opinions

[00:15:05 - 00:17:05] Turning Education into Real Business Results

• Implemented strategies from Alex Hormozi's book that generated 6 figures in additional revenue
• Writing your own book forces you to define things and learn through the process

The Prevalence of Ghostwriting (00:17:49 - 00:20:25)

• Lost respect for authors who didn't write their own books
• Writing your own book builds a deeper connection with readers
• Best investment: Alex Hormozi's Book: $100 M Offers
• Worst deal: Developing a book-reading app
• Top Lesson: Understanding the power of taking action with books

Quotes:

"Education without action is just entertainment." - Nick Hutcheson

"I think physical paper books are better. They're tangible, multisensory, and there's no distraction." - Nick Hutcheson

Connect with Nick:

Instagram: https://www.instagram.com/bookthinkers/?hl=en

Apply to Invest with Taylor atwww.investwithtaylor.com

Track your wealth for free with Personal Capital, go towww.escapingwallstreet.com

Please leave a review and help others escape Wall Street and build wealth on Main Street!

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Investing with Taylor at www.investwithtaylor.com

Open your self directed retirement account at www.passivewealthstrategy.com/rocket/

Mike Stohler is a veteran real estate investor who transitioned from single-family and multifamily investing to hotel investing in 2017. He owns multiple hotels, including a property in Barcelona, Spain. Mike is experienced in value-add strategies and has successfully navigated the challenges of the hotel industry.

Summary:

Mike Stohler shares his journey from single-family and multifamily investing to hotel investing. He emphasizes the importance of having a mentor or advisor when entering a new asset class. Mike discusses the unique aspects of hotel investing, including the role of franchises, the impact of building form factor on revenue, and the importance of keeping employees happy. He also highlights the lessons he learned during pandemic and the creative solutions he implemented to maintain revenue. Mike dispels misconceptions about hotel ownership and emphasizes the long-term nature of hotel investments.

Key Takeaways:

1. Get a mentor or advisor when entering a new asset class.
2. Franchises play a significant role in driving revenue in the hotel industry.
3. Building form factor and shape can impact a hotel's revenue potential.
4. Keeping employees happy is crucial for successful hotel operations.
5. Hotels require long-term, patient capital investments.

Quotes:

• "Get a mentor, get an advisor, get a business partner that knows what they're doing." - Mike Stohler
• "Hotels are a small business that sits on real estate." - Mike Stohler
• "Build a life that you don't need a vacation from." - Mike Stohler

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How can you make money with websites like you would with real estate investing?

Real estate investor Taylor Lohte interviews entrepreneur Matt Raad on his unique business of buying and renovating websites to generate cash flow, just like traditional real estate investing. They discuss how to find undervalued websites, improvements to boost their value, and key lessons for beginners in online real estate investing.

Matt Raad is a business and website investor, Angel Investor and leading educator in Digital Investments. Matt and Liz Raad are recognized as Australian experts in buying, renovating, and selling profitable websites and businesses.

[00:00-00:44] Introduction to Matt's Background

• Matt buys underperforming websites, improves them, and sells for profit like real estate investing
• He focuses on content sites funded by ads and affiliate offers, avoiding ecommerce
• Matt and his wife have been entrepreneurs for 30+ years, now applying that to online businesses

[00:44-03:38] Evaluating Websites and Their Potential

• Uses keyword and market research to analyze traffic and monetization potential
• Look for sites they can improve through better monetization strategies
• Gives the example of buying a Jiu-Jitsu site and improving monetization

[03:38-08:35] Driving More Traffic to Websites

• Buying "rundown" passion sites with untapped SEO is a big opportunity
• Shares a client's story of growing a $2k site to $1M through consistent, quality content
• SEO and long-term content build asset value over 2-3 years

[08:35-16:34] Creating Content and Building Out Sites

• Outsources affordable writing through Upwork, Fiverr, and niche experts
• Gives an example of a stay-at-home mom building a $20k/month business
• Consistent, high-quality content ranks well in search engines

[16:34-22:41] Avoiding Scams in the Industry

• Exercise caution, and education, and start small as a beginner
• Vetted brokers like Flippa offer a safer entry point
• Look for established sites with traffic history to analyze
• Best deal: One of the first website purchases and optimization
• Worst deal: A retail store for outdoor equipment
• Top lesson learned: Do your due diligence

Quotes:

"We literally treat these online businesses, I guess, like you know, virtual real estate for us." - Matt Raad

"Once you know what you're doing, that's the fun part. That is definitely the opportunity." - Matt Raad

Connect with Matt:

Apply to Invest with Taylor atwww.investwithtaylor.com

Track your wealth for free with Personal Capital, go towww.escapingwallstreet.com

Please leave a review and help others escape Wall Street and build wealth on Main Street!

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How can streamlining maintenance help maximize a rental property's net operating income?

In this episode of The Passive Wealth Strategy Show, host Taylor Loht talks with Ray Hespen, co-founder of Property Meld, about how their software helps property managers efficiently track and resolve maintenance issues at their rental properties. They discuss how taking a data-driven approach to prioritizing and quickly addressing problems can improve tenant satisfaction and retention, resulting in higher profits for property owners.

Ray Hespen's opportunity to start Property Meld came from a bad personal rental experience where maintenance issues weren't being addressed. He and co-founder David Kingman did market research with property managers to understand pain points, then built software to connect renters, service providers, and property managers to streamline maintenance coordination. This solved a major renter's frustration while saving owners and managers money. Hespen and Kingman quit their jobs and invested fully in the new venture, with Hespen working from his basement while Kingman built the platform. Though complex, Hespen's engineering background helped him understand system scaling and processes. The Ascent Innovation Center at Mines offered space as the company gained traction. Now a major success story, Property Meld has 40 employees and is doubling in size, becoming a leading real estate software provider that's especially critical during COVID. Hespen is grateful to watch the company grow and help property managers leverage technology.

[00:03:00 - 00:06:00] The origin story of Property Meld

• Ray and his co-founder started Property Meld after a terrible personal rental experience trying to get maintenance done
• Their goal was to fix the coordination issues in property maintenance
• They now serve over 575,000 rental units

[00:06:00 - 00:09:00] Identifying and prioritizing maintenance problems

• The software captures maintenance requests and uses data to triage issue priority
• HVAC issues need to be addressed within 3 days to avoid dissatisfaction
• Plumbing issues can wait 4.5 days before tenants get frustrated
• Electrical issues have a 5-day satisfaction threshold

[00:09:00 - 00:14:00] Finding and managing vendors

• With 50,000 vendors in the system, Property Meld evaluates speed, cost, and tenant ratings
• This data helps optimize spending on maintenance
• Can identify the best vendors for quality, reliability, and fair pricing

[00:14:00 - 00:19:00] Scheduling repairs efficiently

• By using text reminders and algorithms, 85% of repairs are scheduled in under 4 minutes
• Tenants today expect a high level of coordination
• Software facilitates faster scheduling between tenants, vendors, property managers

[00:19:00 - 00:25:00] Getting owner approvals

• The system enables streamlined approvals from investors on bigger repairs
• Owners can review images and info, approve via their phone
• Average approval takes around 6 hours
• Still faster than traditional methods

Quotes:

"The second largest impactor to net operating income is maintenance. I’ll tell you the breakdown. 5 percent goes to vacancy. 15 percent goes to property taxes...12.7 percent is maintenance repairs and maintenance." - Ray Hespen

"If you get an HVAC issue, you don’t have more than three days. You will get a bad rating, a bad experience, a bad potential decrease in the chance of renewal three days yet on a plumbing issue, you have four and a half on electrical, you have five." - Ray Hespen

Connect with Ray

Website: https://propertymeld.com/

Apply to Invest with Taylor atwww.investwithtaylor.com

Track your wealth for free with Personal Capital, go towww.escapingwallstreet.com

Please leave a review and help others escape Wall Street and build wealth on Main Street!

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Connect with Taylor: www.investwithtaylor.com

Connect with CJ: www.wnnproperties.com

Open your Self Directed IRA: www.passivewealthstrategy.com/rocket/

CJ Calio is a successful full-time real estate investor who achieved financial independence through real estate in just five years. He started as a UPS driver and now owns a large portfolio of rental properties.

Summary: CJ Calio shares his journey from being a UPS driver to achieving financial independence through real estate investing. He talks about the turning point in his career when he realized he wanted more than just a comfortable lifestyle. With the support of his wife, he decided to explore real estate investing as a way to achieve financial freedom. CJ started by investing in turnkey properties in the Midwest and gradually grew his portfolio. He emphasizes the importance of taking massive action, being coachable, and focusing on what you can control. CJ also shares his best and worst deals, highlighting the lessons he learned along the way.

Key Takeaways:

• CJ achieved financial independence through real estate investing in just five years.
• He started by investing in turnkey properties and gradually grew his portfolio.
• CJ emphasizes the importance of taking massive action and being coachable.
• Trust, but verify.
• Always do your due diligence and research before making investment decisions.

Quotes:

• "I didn't have the connection or relationship that I feel Christmas is all about."
• "I wanted a change. And the cool thing was, when things started to subside, I was able to actually have a conversation with my wife after six months."
• "I didn't have any knowledge, any background, any trade experience, or any family members that did real estate at all."
• "I went to more of them after. And the more I went to these meetups, the more people I met, and hearing their stories of success and failures and obstacles overcome, I started to believe it."

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Learn about investing with Taylor at www.investwithtaylor.com

Mindset, Education, and Network!

Taylor discusses the importance of having a success mindset in real estate investing. He shares a recent example of someone with a disempowering mindset who believed they couldn't acquire 10 rental properties due to their financial situation. Taylor emphasizes the need to shift from a mindset of "I can't" to "How can I?" He advises listeners to get educated about real estate investing, learn from successful investors, and network with others in the industry. Taylor highlights the power of mindset, education, and taking action to achieve real estate goals.

Key Takeaways:

• Success in real estate starts with a positive and empowering mindset.
• Instead of concluding that you can't achieve a goal, ask yourself how you can make it happen.
• Education is crucial in understanding real estate investing strategies and methods.
• Networking with successful investors can provide valuable insights and inspiration.
• People from diverse backgrounds can achieve success in real estate with the right mindset and effort.

Quotes:

• "Start asking, how could I go achieve that goal?"
• "Real estate investing is difficult. It's not an easy thing to do. But we need to start with the mindset that I can achieve this thing."
• "You don't need a whole lot of credentials or an amazing background to be successful in real estate."
• "Get educated, network, and take action. You'd be surprised at what you can achieve."

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Investing with Taylor at www.investwithtaylor.com

Open your self directed IRA today at www.passivewealthstrategy.com/rocket/

About The Guest: Jordan Berry is a laundromat investor who started investing in laundromats as a way to create financial freedom and independence for himself and his family. He has successfully turned around a failing laundromat and has since scaled up his investments in the laundromat space. Jordan is also the host of the Laundromat Resource podcast and offers a course on investing in laundromats.

Summary: Jordan Berry, a laundromat investor, shares his journey of investing in laundromats and how he turned around a failing deal to achieve financial independence. He emphasizes the potential for laundromats to provide passive cash flow and discusses the time commitment required to run a successful laundromat. Jordan also provides insights into finding deals, the pain points of sellers, and the tax advantages of investing in laundromats.

Key Takeaways:

• Laundromats can provide financial freedom with just one to three well-run laundromats, depending on the size and management of the business.
• Building relationships with laundromat brokers and small business brokers can help in finding off-market deals.
• Common pain points for laundromat sellers include retirement, health issues, wanting to spend more time with family, or realizing the business is not as passive as expected.
• Depreciation of laundromat equipment and tax benefits of running a business can be advantageous for investors.
• A well-run laundromat typically requires 5 to 7 hours of commitment per week, including checking in with employees, collecting money, and scheduling repairs.

Quotes:

• "More than 99% of America can replace their 9 to 5 income with one to three laundromats." - Jordan Berry
• "Laundromats provide a 20% to 25% return on investment, compared to 8% to 10% in typical real estate deals." - Jordan Berry
• "Don't go it alone. You're gonna learn a lot of hard lessons that way." - Jordan Berry

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How do real estate investors identify potential markets for multifamily investing?

Today, Jen and Stacy Conkey, two experienced real estate investors, discuss strategies for scaling up in real estate investing - especially in multifamily- such as looking at job and population growth to narrow down market searches, having a contingency plan, and going beyond one's local area for greater opportunities. They emphasize that teams can provide expertise and knowledge that an individual investor may lack but urge investors to build relationships with team members for successful investing. They suggest starting small with manageable deals before going deep into it, speaking confidently by using the word “we,” and having the right motivation (not wanting to get rich quick), sufficient time, and support from family or friends. Let's dive in!

[00:01 - 06:48] How to Build Wealth with Real Estate: The Remote Multifamily Investing Academy

• How to build wealth with multifamily real estate

• The Remote Multifamily Investing Academy

• How to select markets and reasons why people fail in multifamily

• What flippers and single-family investors need to know to take real estate to the next level

[06:49 - 13:46] Digging Deeper Into Scaling and Multifamily Real Estate Investing

• Network is vital in real estate investing, no matter the asset class or strategy

• The misconception that people need to touch, see, and feel real estate to invest

• Look at properties from a perspective of what if things hit the fan and have a contingency plan

• In-person market due diligence is essential for boots-on-the-ground experience

[13:47 - 20:09] How to Acquire Your First Multifamily Property

• How to lead teams to identify the best possible team in a market

• Data-driven decisions and use of technology to have eyes on the property

• Build relationships with team members motivated by money and grow wealth together

• Educate yourself and prepare for conversations

[20:10 - 26:26] The Key to Real Estate Success is Growing Your Network

• Use the word 'we' when talking to people and practice in a market you're not planning on investing in

• People fail in real estate due to wrong motivation, wrong expectations, lack of time, and lack of support

• Mastery takes time, and people should not jump into bigger buildings without understanding what they're doing

• The significance of joining networks and growing them

[26:27 - 34:42] Closing Segment

• Best investment: Joining networks and masterminds

• Worst investment: A motel that required staff and an understanding of seasonality

• Most important lesson learned: Due diligence and surrounding yourself with people playing at a higher level

Quotes:

"Anytime you're in a market, you're looking at things, filtering everything through your experience, whether positive or negative. And that might have absolutely nothing to do with how the real estate will perform." - Jen & Stacy Conkey

"We all make decisions based on emotions. That's where we're naturally drawn. But when you pull yourself, and you have that distance, you look at the numbers, if they don't pencil out, you're going to be less inclined to be emotionally attached to the experience you had while you were there." - Jen & Stacy Conkey

Connect with Jen & Stacy:

Facebook: Apartment Investing with Jen & Stacy

Website: rmfiacademy.com

Apply to Invest with Taylor atwww.investwithtaylor.com

Track your wealth for free with Personal Capital, go towww.escapingwallstreet.com

Please leave a review and help others escape Wall Street and build wealth on Main Street!

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What does it take to scale up a high-volume real estate wholesaling business?

TJ Kosen shares his experience building a thriving real estate wholesaling company doing hundreds of deals per year. He provides insights into scaling up through hiring the right people, investing in marketing and leads, and developing processes to repeatedly close transactions.

TJ has been in the market since 2006. He has owned and managed residential real estate from 1 to 112 units in addition to a residential Real Estate note portfolio and self-storage facilities. His Dallas-based investment company TNT Property Solutions moves a high volume of distressed and retail-grade residential properties in the Texas and Florida markets. TNT is a tight-knit DFW-based company that sources direct-to-seller distressed properties, recapitalizes them, and either holds them in their portfolio or positions them for resale on either the retail, wholesale, or seller finance markets.

We don’t believe in a “one-size-fits-all all” business model. We believe members and students should build the business they want - to suit their lifestyles and goals. To that end, we facilitate their success through a robust community whose guiding principle is “brutal honesty” when it comes to business development.

[00:02:18 - 00:03:45] Opening Segment

• TJ bought his first 112 unit apartment complex off Craigslist in 2006, just before the 2008 housing crisis caused him to lose millions.
• He restarted with house flipping in San Diego before moving to Texas to scale up his volume.

[00:03:45 - 00:05:35] Transitioning from a Dealer to Building a Business

• TJ disliked talking to sellers, so he started hiring people to do it instead.
• He realized he had to shift from a transactional dealer mindset to building out the business.
• This involved developing processes that could be repeated and finding employees passionate about acquisition.

[00:05:35 - 00:08:21] Generating High-Quality Leads at Scale

• TJ uses PPC, direct mail, referrals, and targeted Facebook ads to drive leads.
• PPC provides high-intent inbound leads that convert quickly. It's expensive but optimized over 5+ years.
• He adds team members only after increasing leads to ensure their success.

[00:08:21 - 00:10:18] Coaching Employees from Junior to Senior Roles

• New hires start assisting on calls before taking the lead to build confidence.
• Inbound leads require closing fast, so junior team members are coached to convert high-intent sellers.
• This training helps transition them into fully independent roles.

[00:10:18 - 00:12:37] Transitioning from Deal Focus to Process Focus

• TJ doesn't worry about margins on lower-profit deals. He cares about repeating the process.
• This means focusing on marketing costs, conversion rates, and closing costs rather than profit per deal.
• Empowered employees can negotiate both low and high-profit deals effectively.
• Best deal: His primary residences with more than 1 Million in Equity
• Worst deal: Buying two apartment complexes right before the 2008 financial crisis
• Top lesson learned: Hitting a stress limit is a sign you need to hire and delegate tasks to others.

Quotes:

"I didn't like talking to sellers. Just, they bummed me out. I mean, you're motivated by two things, right? Pain or pleasure. And the pain of talking to sellers was worse than the pain of having to pay people to talk to sellers." - TJ Kosen

"Invest in people because yeah, just invest in people. That's the only way to get out of doing all the stuff yourself. It's going to be a headache. It's going to be expensive. It's going to be stressful. But, once you hit a certain stress level, just doing more stuff, it doesn't actually provide more stress. It just means you prioritize what's actually important." - TJ Kosen

Connect with TJ:

Instagram: https://www.instagram.com/tjkosen/

Apply to Invest with Taylor atwww.investwithtaylor.com

Track your wealth for free with Personal Capital, go towww.escapingwallstreet.com

Please leave a review and help others escape Wall Street and build wealth on Main Street!

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Real estate investors! Are you ready for the massive regulatory change coming on January 1st, 2024?

Let's talk about what's coming. Taylor also covers something that's been troubling him lately.

The article we're discussing: https://www.wolterskluwer.com/en/expert-insights/real-estate-considerations-for-boi-reporting-requirements

FinCEN's FAQ: https://www.fincen.gov/boi-faqs#C_2

The 23 Exemptions: https://www.wolterskluwer.com/en/expert-insights/the-23-exemptions-from-the-corporate-transparency-act

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What would you do if you suddenly lost your job before reaching financial freedom?

This episode of The Passive Wealth Strategy Show features host Taylor Loht interviewing real estate investor Paul David Thompson. Paul shares his journey to financial freedom through real estate investing, and how he accelerated his path when he unexpectedly lost his high-earning corporate job. He provides advice for busy professionals on getting started with real estate investing while working full-time, and the key steps to take if you find yourself laid off before reaching your financial goals.

Paul is a Full-Time Real Estate Investor, top-selling author, coach, and someone who lends money for real estate projects. He helps both new and experienced investors understand how to make deals in real estate. But his bigger mission is to help people who want to escape boring jobs and find success in their own businesses.

(00:03:05 - 00:05:50) Opening Segment* Start small to gain competence and confidence * You can make progress while working full-time by putting in extra hours on nights and weekends * Attend conferences and seminars to accelerate your real estate education

(00:07:12 - 00:09:56) Dealing with an Unexpected Layoff* Have an alternative income stream in case you lose your job * Build assets that generate residual income, not just trading time for money * Commit fully once you choose real estate as your path

(00:14:00 - 00:16:49) Accelerating Financial Freedom* Use extra time to find and close more deals * Invest retirement accounts in real estate * Earn money from multiple strategies like flipping, rentals, and education

(00:16:49 - 00:19:27) Running Your Real Estate Business* Hire experienced professionals to handle important tasks * Focus your time on the highest-value activities * Get feedback from your team to improve decisions

(00:21:49 - 00:29:26) Tips for Busy Professionals* Make use of lunch breaks, nights, and weekends to work on deals * Attend conferences and seminars to accelerate learning * Get family support for the time commitment * Best deal: His first investment * Worst deal: Due to overconfidence, Paul overpaid for a property in his hometown. * Top lesson learned: Owning equity and creating not linear exchanges of value, but parabolic exchanges of value.

Quotes"The first deal broke the seal and got me started. It gave me the confidence boost I needed." - Paul David Thompson

"Think exponentially and create parabolic exchanges of value, not linear ones." - Paul David Thompson

Connect with Paul:

Website: https://pauldavidthompson.com/

Apply to Invest with Taylor atwww.investwithtaylor.com

Track your wealth for free with Personal Capital, go towww.escapingwallstreet.com

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Invest with Taylor at www.investwithtaylor.com

Open your self directed IRA at www.passivewealthstrategy.com/rocket/

Julie Holly is a successful real estate investor with experience in multifamily and ground-up development. She is the founder of Three Keys Investments and is passionate about making a positive impact in the communities she invests in. Summary: Julie Holly shares her journey into the assisted living space and how she approaches due diligence on opportunities, teams, and markets. She emphasizes the importance of focusing on the people first, including the employees and residents of assisted living facilities. Julie discusses the scale of employees in assisted living compared to multifamily and highlights the need to keep employees happy and retain quality staff. She also explains how she adds value to assisted living facilities by optimizing the business side, negotiating contracts, and improving the quality of care. Julie shares her approach to building relationships with partners and vetting them before entering into deals. She also discusses the challenges of investing in markets outside of her local area and the importance of physical due diligence. Julie concludes by emphasizing the need to trust your instincts and focus on the present reality rather than potential future outcomes.

Key Takeaways:

• Assisted living facilities require a larger number of employees compared to multifamily properties.
• Due diligence in the assisted living space involves evaluating the value of the real estate, the business, and the human collateral.
• Building strong relationships with partners is crucial and should involve getting to know them for at least a year before entering into deals. Physical due diligence in remote markets requires time, travel, and careful evaluation of the asset and market.
• Adding value to assisted living facilities involves optimizing the business, negotiating contracts, and improving the quality of care. Trust your instincts and focus on the present reality rather than potential future outcomes.

Quotes:

• "I don't like to take on anything new into the portfolio unless we have people that are experienced leading the charge." - Julie Holly
• "For every resident in an assisted living facility, you're picking up a staff of a minimum of 80 people." - Julie Holly
• "Trust your instincts. If something feels off, something's probably off." - Julie Holly

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What untapped real estate niches could offer high returns with less competition?

In this episode, host Taylor Loht interviews Neil Timmins, a real estate investor who focuses on industrial properties in the Midwest. Neil shares his journey from a successful real estate agent to getting into single-family and then industrial investing. He provides an overview of how industrial real estate works, what to look for in deals, and the benefits of this overlooked niche.

Having completed hundreds of Fix & Flips, Wholesales, Wholetails, Novations, and Owner-Financed deals, Neil longed to quit forfeiting time for dollars. After building a portfolio of single-family rentals to produce passive income, he found the strategy to be anything but passive.

Neil, however, didn’t go looking for his first commercial deal, he actually stumbled into it. Since then, he has refined the process of analyzing and buying commercial properties that produce stellar cash flow.

Neil has been involved in over $300,000,000 in real estate transactions. While his holdings in commercial asset classes include apartments, offices, mobile home parks, and self-storage units, his passion is industrial property. Neil now has verticals in residential real estate, multiple commercial asset classes, brokerage, publishing, and this successful podcast.

[00:00 - 04:45] Becoming a Real Estate Agent and Getting Burnt Out

• Neil started as a real estate agent and became very successful, but the lifestyle was unsustainable
• He decided to leave and focus on investing instead
• Realtors can get burnt out trying to constantly prospect for new clients, investing provides more control

[04:45 - 07:15]Getting Into Single Family Investing

• Neil got into fixing/flipping and buying rentals after leaving his brokerage
• He built up a portfolio of around 40 single-family properties
• Single-family investing was a natural transition from real estate agent, portfolio was built over time

[07:15 - 10:15] Pivoting to Industrial Real Estate Investing

• A broker presented an off-market industrial deal 5-6 years ago
• The set-and-forget nature was appealing compared to management-intensive single family
• Industrial caught Neil's attention due to passive nature, he still owns other commercial asset classes

[10:15 - 20:00] Industrial Real Estate Investing Works

• Look for properties from 20k - 100k square feet, with features like dock doors and clear ceiling heights
• Class B/C+ properties built 15-40 years ago offer value-add opportunities
• Industrial is different than multifamily - need creditworthy tenants on long-term leases

[20:00 - 23:00] Reaching Financial Independence

• Neil can be very selective and doesn't have to invest just to make money
• Gets to choose who to work with and focus on helping other realtors
• Money serves a purpose - to create lifestyle freedom

[23:00 - 25:00] Getting Started in Industrial Real Estate Today

• It's an overlooked niche with huge opportunities
• Best deal: Medical offices.
• Worst Deal: A Dome Single Family.
• Top Lesson learned: Get a coach and educate yourself as much as you can.

Quotes:

-"Real estate done really well is boring. It is literally get an asset, follow this process to put it in place so that thing just generates cashflow." - Neil Timmins

-"Get an educator, get a coach, get a trainer, get a partner, get somebody who knows more than you can shortcut your path, your success. You're going to pay them or you're going to pay the street. And the street is more expensive." - Neil Timmins

Connect with Neil:

Website: https://legacyimpactinvestors.com/

Apply to Invest with Taylor atwww.investwithtaylor.com

Track your wealth for free with Personal Capital, go towww.escapingwallstreet.com

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How can you successfully tackle distressed real estate investing when so many others fail?

Noel Parnell shares his journey from getting started with distressed real estate investing to now owning over 400 units. He provides specific tactics on how he was able to rehab properties down to the studs, manage contractors effectively, and scale his portfolio.

Noel Parnell, a Philadelphia native, has been interested in real estate for as long as he can remember. Always a visionary, Noel recognized an entry point into the field that he had once dreamed about during the peak of the 2007 Great Recession. What was a loss for some, was the launchpad for a dynamic and fulfilling career. Noel’s initial work was focused on rehabilitation. Relying on his strong work ethic, an intimate knowledge of his hometown and an innate business savvy, Noel acquired severely distressed properties and transformed them into beautiful homes.

During this period, Noel’s childhood interest changed into his passion. He became a dedicated student of the business of real estate, learning both through traditional study and hands-on practical experience. To date, Noel has engaged in over 100 real estate transactions in the United States and abroad. He has amassed a portfolio of over $6 million, which includes undeveloped/underdeveloped land, single and multifamily units as well as commercial properties. Prior to the takeoff of his real estate career, Noel worked as a scientist for GlaxoSmithKline as well as in program management for several prominent pharmaceutical companies. He was a member of the 2008 Olympic team for the US Paralympic Team. He is an avid runner, swimmer, cross fitter, jiu-jitsu and Muay Thai athlete. Noel has successfully leveraged the discipline, creativity and organization skills developed during these experiences to inform his current business strategy.

(00:03:10 - 00:05:53) Opening Segment

• Noel was motivated to invest in real estate after losing his job in the 2008 financial crisis.
• He started knocking on doors of distressed properties, trying to help homeowners avoid foreclosure.
• It took 3 years of persistence before he got his first deal.

(00:05:54 - 00:09:25) House Hacking and Learning Construction

• Noel house hacked a distressed property he bought from a retiring landlord.
• A bad contractor experience motivated him to learn construction himself.
• He studied real estate and construction books at the library to gain knowledge.

(00:09:26 - 00:16:56) Managing Contractors and Crews

• Noel takes accountability when contractors underperform instead of blaming them.
• He learns about his crew's culture and schedules to lead effectively.
• Following detailed processes and check-ins keeps projects on track

(00:16:57 - 00:22:29) Pivoting from Distressed to Multifamily Investing

• Noel fixed up about 95% of his 136 doors.
• He pivoted to multifamily to increase net worth faster.
• He still buys distressed properties for his son's portfolio.

(00:22:30 - 00:29:00) Closing segment

Best deal: A 20 unit complex in Houston, Texas

Worst deal: A house flip

Top lesson learned: Never accept the No from someone who doesn’t have the power to tell you Yes.

Quotes:

"Never accept the No from someone that doesn’t have the power to tell you Yes." - Noel Parnell

"When contractors underperform, it's on me to hire them." - Noel Parnell

Connect with Noel:

Website:

https://crowncapitalcorp.com/

Apply to Invest with Taylor atwww.investwithtaylor.com

Track your wealth for free with Personal Capital, go towww.escapingwallstreet.com

Please leave a review and help others escape Wall Street and build wealth on Main Street!

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Investing with Taylor at www.investwithtaylor.com

Maria Zondervan is a former wildlife biologist who transitioned into real estate investing and entrepreneurship. She started investing in real estate in 1996 and slowly built up her portfolio while working as a wildlife biologist. Eventually, she decided to leave her day job and focus on real estate investing full-time. Maria's motivation for building wealth through real estate was to secure a future for her son, who has autism.

In addition to her real estate investments, Maria also co-owns a franchise business, which has provided her with additional income and opportunities. She emphasizes the importance of networking and surrounding yourself with the right people in order to succeed in real estate investing. Maria also highlights the significance of property management and finding the right property manager to ensure the success of your investments.

Key Takeaways:

• Maria Zondervan transitioned from being a wildlife biologist to a full-time real estate investor and entrepreneur.
• She started investing in real estate in 1996 and gradually built up her portfolio while working her day job.
• She emphasizes the importance of networking and surrounding yourself with the right people in order to succeed in real estate investing.
• Property management is a crucial aspect of real estate investing, and finding the right property manager is essential for success.

Quotes:

• "I started letting those folks invest in the things I was investing in. Like, they didn't know how to analyze the properties and all that kind of stuff. So I said, well, invest alongside me." - Maria Zondervan
• "I'm one of those people that just always follows my passion. My passion was just calling me in that direction." - Maria Zondervan
• "Getting the property management aspect right is the number one thing. So that's probably the lesson I've learned the most." - Maria Zondervan

Find her at www.bluevikingscapital.com

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How can high-earning business owners take advantage of real estate investing tax benefits?

Michael Guthrie, a successful ATM business owner, made the shift into multifamily real estate investing to leverage tax advantages like depreciation. He and his wife restructured their business so she remained active while he pivoted to real estate and obtained real estate professional status.

Michael and Samantha Guthrie have successfully owned and operated a multimillion-dollar automated teller machine distributorship, Automated ATM Solutions, Inc., for more than 25 years, and currently run over 8000 ATMs nationwide, providing a residual income stream used for multifamily investing. They have 23 years of real estate investment experience in single family, multi-family and commercial real estate. Their additional experience includes real estate sales, mortgage brokering, and property management of apartments and single-family homes. After realizing the advantages of multifamily investing for themselves, they have made it their mission to provide others with an avenue to passive income.

[00:02:20 - 00:03:07] Opening Segment* Michael and his wife started out buying single-family rentals, acquiring 7 properties within 6 months. * They owned these for 10 years before pivoting into multifamily real estate investing.

[00:03:20 - 00:04:11] The Allure of Multifamily Investing* They discovered multifamily investing through a Tony Robbins program and were attracted by the tax benefits. * Multifamily allowed them to offset passive income from rentals with losses from multifamily partnerships.

[00:04:31 - 00:05:39] Restructuring the Business for Real Estate Professional Status* They restructured the ATM business so Michael's wife remained active in it and he exited. * This allowed Michael to qualify as a real estate professional and offset his wife's active income with his real estate losses.

[00:05:54 - 00:06:58] Avoiding the Tax Tail* Michael focuses on cash-flowing investments, not just tax benefits. Depreciation is a bonus. * He warns against choosing poor investments only for tax purposes.

[00:07:25 - 00:08:24] Qualifying for Real Estate Professional Status* Michael is a general partner on deals with substantial duties beyond capital raising. * This gives him the hours and material participation needed to qualify.

[00:08:44 - 00:20:41] Forming Multifamily Partnerships* Joined a mastermind with top real estate syndicators * Invested significant capital in multiple deals * Was later brought on as a capital raiser due to large investments

[00:20:50 - 00:27:00] Closing segment:

Best deal: A 50,000 deal that doubled in just 14 months.

Worst deal: A partnership with someone he really didn't know

Top lesson learned: Take your time and do your due diligence, but make a decision

Quotes:"Our approach was to join a mastermind that of some of the top individuals that are actually out there syndicating deals. And that's how we got started putting money into deals as a limited partner." - Michael Guthrie

"If you choose not to decide you still have made a choice." - Michael Guthrie

Connect with Michael:

Website: https://pacificcapitalllc.com/

Apply to Invest with Taylor atwww.investwithtaylor.com

Track your wealth for free with Personal Capital, go towww.escapingwallstreet.com

Please leave a review and help others escape Wall Street and build wealth on Main Street!

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Investing with Taylor at https://www.passivewealthstrategy.com/join-the-investor-club/

Start your Self Directed IRA at https://www.passivewealthstrategy.com/rocket/

In this episode, Maria Quattrone shares her insights and experiences in building successful teams in the real estate industry. She emphasizes the importance of teamwork and the need to adapt to difficult market conditions. Maria discusses her screening process for hiring team members and the key qualities she looks for in candidates. She also highlights the importance of perseverance, work ethic, and a positive attitude in achieving success. Maria shares her own journey in the real estate industry and the lessons she has learned along the way.

Key Takeaways:

• Building a successful team requires screening candidates for qualities like perseverance and a positive attitude.
• Work ethic and persistence are crucial in the real estate industry, especially during challenging market conditions.
• Enjoying the journey and having perspective are essential for long-term success in business and investing.

Quotes:

• "You have to work as a team. Our agents are our agent partners. They're not our clients."
• "You have to put the time and effort in. Work works."
• "Enjoy the journey and have perspective. We live in a country with more opportunities to make your dreams happen than anywhere else in the world."

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What can passive real estate investors learn from a deal gone wrong?

In this episode, experienced passive real estate investor Hans Box shares the story of an early real estate deal that went south and how he and other passive investors took control to turn it around. He provides his expertise in vetting sponsors, reviewing legal documents, asset classes, markets, and more.

Hans is Co-Founder of Box Wilson Equity, a firm that focuses on cash flow and value-add investments and is a Senior Director at Old Capital Lending, a top provider of commercial capital solutions in the Texas market. His background is in the accounting, business strategy consulting, and real estate industries. Hans has personally been directly involved in the acquisition, investment, and management of over $350MM in multifamily and self-storage assets, has asset managed ~3,700 multifamily units, and has been the GP in ~4,300 multifamily units and ~2,000 units of self-storage. He specializes in structuring, creating, and managing partnerships to acquire multi-million dollar cash-flowing assets.

(00:00 - 7:00) Opening Segment

• Hans got his start in real estate investing by partnering with someone who turned out to be a poor operator.
• He and another passive investor led the charge to remove the sponsor and take control of a 208-unit apartment deal.
• By diving in to manage the property, Hans gained invaluable hands-on experience in multifamily.

(7:01 - 15:00) Evaluating Operators as a Passive Investor

• The most important factor is finding a great operator, not just a great salesperson.
• Look for transparency, articulation of the business plan, and track record over 5+ years.
• Get references and talk to their current investors before committing capital.

(15:01 - 22:00) Reviewing Legal Documents and Due Diligence

• Take diligent time to review PPMs and operating agreements, even if investing a relatively small amount.
• Consider having an attorney help walk through key clauses at first.
• It takes repetition to become comfortable reading and analyzing real estate legal documents.

(22:01 - 27:40) Switching Asset Classes and Markets

• No problem expanding geographically if the operator has done their homework and due diligence.
• More concerned about asset class change, prefer to see domain experts on the team.
• But comes down to vetting the operator's overall investing philosophy and track record.

(27:41 - 30:00) Closing Segment

• Best deal: 152-unit apartment complex in Dallas
• Worst deal: A hotel in Belize
• Top lesson learned: Take action, but start conservatively and avoid FOMO - there will always be another deal.

Quotes:

"A bad operator can turn a home run into a strikeout." - Hans Box

"The best way to get rich is hit singles and doubles and don't lose money" - Hans Box

Connect with Hans:

Website: www.boxwilson.com

Apply to Invest with Taylor atwww.investwithtaylor.com

Track your wealth for free with Personal Capital, go towww.escapingwallstreet.com

Please leave a review and help others escape Wall Street and build wealth on Main Street!

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What is cost segregation, and how can it help real estate investors maximize tax savings?

This episode digs into the powerful tax strategy of cost segregation. Eric Oliver from Cost Segregation Authority joins host Taylor Loht to explain what cost segregation is, how it works, and why every real estate investor should understand and utilize this tool.

They discuss the tax advantages of cost segregation for real estate investors. Eric provides an overview of cost segregation, explaining that it allows investors to accelerate depreciation deductions by segregating building costs into shorter asset lives. They discuss bonus depreciation, how it puts cost segregation “on steroids,” and how the percentage is reducing but still favorable for investors. Eric clarifies that cost segregation deductions are passive losses that typically can only offset passive income. Eric emphasizes the importance of working with a qualified tax strategist rather than just a preparer.

[00:01-4:30] Opening Segment

• Cost segregation accelerates depreciation by segregating assets into shorter tax lives
• Allows writing off deductions faster versus straight-line depreciation
• Identifies items like flooring and appliances that can depreciate faster

[4:31-9:00] The Power of Bonus Depreciation

• Bonus depreciation allows taking a larger deduction upfront
• Allows immediate 100% write-off on assets under 20 years life
• Phases down over the next few years but still beneficial

[9:01-15:30] Passive vs. Active Losses

• Cost segregation deductions are usually passive losses
• Can only offset passive income without special status
• Real estate professionals can deduct against active income

[15:31-23:00] Not All Studies Created Equal

• Online calculators don’t follow IRS guidelines
• Conservative estimates leave tax savings on table
• Engineering-based studies with site visit better

[23:01-31:30] Tax Strategist vs. Preparer

• Tax preparers just file based on the given information
• Tax strategists proactively minimize your tax liability
• Meeting at least quarterly ensures maximizing deductions

Quotes:

"Cost segregation really is just accelerated depreciation on your real estate assets." - Eric Oliver

"Bonus depreciation puts cost segregation on steroids and creates a bigger deduction in the first year." - Eric Oliver

Connect with Eric:

Website: www.investwithtaylor.com

Track your wealth for free with Personal Capital, go towww.escapingwallstreet.com

Please leave a review and help others escape Wall Street and build wealth on Main Street!

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How can understanding the mindset of the wealthy help you build your own wealth?

In this episode, Dave Wolcott shares his journey to financial freedom after a major life event led him to rethink his approach to money. He digs into the differences between how the wealthy 1% think about finances compared to the typical middle-class mindset, and the moves the ultra-rich make to build their wealth. He provides specific examples of how to take action in your own life and investments to set yourself up for abundance rather than scarcity.

Dave Wolcott started his career serving the country as a Captain in the Marine Corps. In 2000 he and his wife won the baby lottery by having triplets which inspired him to challenge the traditional financial planning advice of Wall Street. He then started an obsessive journey to understand how the top one percent were building their wealth. A serial entrepreneur at heart, Dave spent the next 20 years building several businesses, investing in alternative assets, and creating The Pantheon Holistic Wealth Strategy: the playbook to becoming ultra-wealthy and having not only freedom of money, but freedom of purpose, time, and relationship. Today, Dave is the Founder and CEO of Pantheon Investments and is more passionate than ever about helping entrepreneurs build wealth by passively investing in superior real estate and alternative assets that provide predictable cash flow, tax efficiency, and upside potential as a reliable alternative to the volatility of the stock market. Dave is the author of “The Holistic Wealth Strategy”, A Framework for Building Real Wealth and Living an Extraordinary Life, and is also the host of the top-rated “Wealth Strategy Secrets of the Ultra-Wealthy” podcast.

(00:00 - 4:15) Origins of a New Mindset

• Dave was taught the typical middle-class path but became disillusioned after a financial planner's advice when his family grew
• This launched him on a journey to understand how the ultra-wealthy actually build wealth
• A major life event was the catalyst that shifted Dave's thinking about finances

(4:15 - 8:15) The Formula for Holistic Wealth

• Net worth = financial IQ + mindset IQ + physical capital + relationship capital
• Need to look beyond just money to build true wealth
• Relationships are a key component of wealth that is often overlooked

(8:15 - 13:00) The Power of Mindset

• Mindset is the key differentiator between middle class and the most wealthy and successful
• Having an abundance mindset opens up possibilities
• Scarcity mindset holds people back from achieving their potential

(13:00 - 17:00) Long-term Capital Allocation

• The wealthy make decisions based on a 25+ year timeline, not short-term market emotions
• A diversified "all weather" portfolio across assets reduces risk
• Avoid putting all your money in one asset class like real estate

(17:00 - 25:00) Getting Started on Your Investing Journey

• Look at repositioning existing assets like 401(k)s rather than needing large upfront cash
• Compounding and slow and steady investing grows wealth exponentially over time
• Use calculators to objectively evaluate options like cashing out 401(k)

(25:00 - 30:00) Closing Segment:

Best investment: A new development in Dallas, Texas

Worst investment: Indian Stock Market

Top lesson learned: You are your greatest asset

"When you can break through some of these limiting beliefs that we may have had...there's more than enough in the world, there's so many different opportunities." - Dave Wolcott

"The most important lesson is really to understand that you are your greatest asset." - Dave Wolcott

Connect with Dave:

Website:

https://www.pantheon.com/

Apply to Invest with Taylor atwww.investwithtaylor.com

Track your wealth for free with Personal Capital, go towww.escapingwallstreet.com

Please leave a review and help others escape Wall Street and build wealth on Main Street!

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Time is your most valuable and most scarce asset, bar none. You can get more money, but you can never, ever get more time. The biggest time waster I've experienced is social media, and now I've found the fix. Social media can be incredibly additive, and unfortunately it is rarely a productive or fulfilling use of our time.

Taylor shares how he finally managed to get control over his social media usage and recapture that time for FAR more valuable activities.

Invest with Taylor & Join the Investor Club: www.investwithtaylor.com Subscribe on Apple Podcasts: https://podcasts.apple.com/us/podcast/passive-wealth-strategy-show/id1461341464

Your time is valuable. Take care to treat it that way!

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How Can Investors Build Wealth From Afar?This episode of The Passive Wealth Strategy Show features Air Force veteran and real estate investor Rich Carey, who shares how he built a sizable rental portfolio while serving overseas.

Rich started with a single rental property in Washington, DC which he turned into his first investment. He then bought several properties in Montgomery, Alabama, before relocating abroad. From Germany and other overseas postings, Rich continued purchasing rentals in Montgomery by relying on a local team he had built.

Rich and his family currently live in Seoul, South Korea, while he serves in the US Air Force. He and his wife own 20 single-family rental properties in Montgomery, Alabama which are completely paid off. They have no debt, and are a single income (aside from their rental portfolio) household.

(00:00:00 - 00:06:00) Opening Segment* Rich bought his first investment property, a townhouse in Washington DC, in 2003 when he was first stationed there. * He turned it into a profitable rental when he was relocated two years later. * This gave him the confidence to continue investing in real estate.

(00:06:00 - 00:09:00) Buying Rentals From Overseas* While stationed abroad, Rich bought several rental properties in Montgomery by leveraging a local team. * The team included a real estate agent, property manager, inspector, and contractors. * His property manager took on rehab projects while keeping costs low.

(00:09:00 - 00:15:00) Managing Logistics and Risks* Rich's biggest mistake was not getting insurance immediately on a new purchase. * A small fire broke out before he switched on the policy, costing him $8k out of pocket. * Overall the overseas investing process worked well, with his trusted team vetting each deal.

(00:15:00 - 00:22:00) Deciding to Self Manage* After retiring, Rich took over managing his rentals instead of using a property manager. * He found he could better control expenses and choose higher-quality tenants this way. * Rich leverages technology like electronic leases to remain hands-off.

(00:22:00 - 00:34:00) Closing Segment

Best deal: His first Fourplex

Worst deal: A townhouse in Alexandria, Virginia

Best lesson learned: Don't be afraid to miss out.

"You don't need to be scared of [using leverage]. Responsibly leveraging debt can build wealth faster." - Rich Carey

"It took 13 years of preparation to be an overnight success." - Rich Carey

"Nobody cares more than you do. They're your properties." - Rich Carey

Connect with Rich:

TikTok: @richonmoney

Apply to Invest with Taylor atwww.investwithtaylor.com

Track your wealth for free with Personal Capital, go towww.escapingwallstreet.com

Please leave a review and help others escape Wall Street and build wealth on Main Street!

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How can investors build strong relationships with brokers to gain access to off-market multifamily deals?

Kevin Romney shares his proven strategies for sourcing and acquiring off-market multifamily properties. Drawing on his experience in commercial real estate, he provides actionable tactics for establishing credibility with brokers, performing due diligence, and closing profitable deals.

Kevin Romney is the co-founder and managing director of Camino Verde Group. He is responsible for underwriting, acquisitions, financing, legal and corporate operations. He also provides financing support for development projects. Prior to creating the Camino Verde Group, Kevin founded The Romney Group in 1989 and remained president and CEO of the company until he left to create the Camino Verde Group in 2019. At the Romney Group, Kevin owned and developed commercial property and managed retail, office and medical projects. While at The Romney Group, Kevin was also CEO and president of Paramount MultiServices, in which he built a group of call centers serving several Fortune 500 companies. These call centers were located throughout Texas, New Mexico, and Nebraska.

(00:03:00 - 00:06:00) Opening Segment

• Take good care of brokers by sending gifts and not asking for fee reductions
• Respond quickly to off-market deals brokers send you
• Have a policy of selling through the same broker you buy from

(00:06:00 - 00:09:00) Evaluating Deals

• Get rent rolls and T12s if possible, otherwise use known data as a proxy
• Reply within 72 hours with your level of interest
• Be prepared to walk away if due diligence uncovers major issues

(00:09:00 - 00:12:00) Targeting Active Brokers

• 90% of deals controlled by a handful of brokers is accurate
• Focus on brokers specializing in older, smaller multifamily properties
• Establish yourself as a motivated buyer who can close deals

(00:12:00 - 00:26:00) From LOI to Closing

• Use a template LOI with 5 day reply timeline
• Get an attorney to review PSA, aim to have signed within 7 days of LOI
• Why you should act quickly to get property under contract before other offers come in
• Many "professional sellers" won't actually move forward
• Why Kevin prefers brokers who understand his criteria and remain engaged

(00:26:00 - 00:30:00) Closing Segment:

• Best Investment: His Family
• Worst investment: Investing in Emu birds from Australia
• Best Lesson learned: Always do your due diligence on all deals.

Quotes:

"Take good care of your brokers. Make sure that you send them a birthday present, a Christmas present. Don't ask them to lower their prices." - Kevin Romney

"Better to walk away than get in and then be over your head." - Kevin Romney

Connect with Kevin:

Apply to Invest with Taylor atwww.investwithtaylor.com

Track your wealth for free with Personal Capital, go towww.escapingwallstreet.com

Please leave a review and help others escape Wall Street and build wealth on Main Street!

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What key factors or trends should new investors be keeping an eye on?

Join us as we talk to Andrew Campbell, a successful real estate investor who has scaled from owning 80 units to managing 4,000 units. Through this engaging conversation, Andrew shares his journey of relocating back to Central Texas and taking the leap into full-time real estate investing. He talks about the current state of the market, how economic and real estate conditions have changed over the years, and how recent increases in interest rates have impacted single-family housing. He offers valuable insight on how to make long-term investments in a volatile market while understanding the risks involved.

This is a great opportunity for anyone looking to learn more about real estate investing and get inspired by an experienced investor!

[00:01 - 07:09] Opening Segment

• Andrew's incredible journey of scaling real estate investing

• How he built a portfolio of 80 units on his own

• Wildhorn Capital was founded in 2016 with 4000 units under management

• Real estate investing is a tangible hard asset with simple returns

[07:10 - 14:00] Overcoming Rejection and Taking the Leap

• A real estate portfolio was a consistent and steady side hustle

• Making the decision to leave job can be the scariest thing ever

• Why Andrew focused on building relationships with investors

• Rejection was seen as an opportunity to invest, not needing or wanting money

[14:01 - 21:03] Navigating the Changing Real Estate Market

• Real estate is a long-term game, and Central Texas has been a good place to invest in

• Interest rates have gone up, but still leading to increased demand for rental housing

• People are moving to Austin with means from other parts of the country, making it more affordable for them

• Low-interest rates are boosting new construction homes while people rent for longer periods due to a lack of inventory

[21:04 - 28:19] Lessons Learned from a Real Estate Investor"

• The importance of understanding the local market and its nuances when investing in real estate

• The art and science of real estate investments

• The importance of understanding tenants' experiences in the markets where you invest

[28:20 - 31:08] Closing Segment

• Best investment: A 35 IRR with double the money invested

• Worst investment: Chasing big returns without doing enough due diligence on the sponsor

• Most important lesson learned: Take the first step and get started

Quotes:

"If you sit down at the table and you don't know who the mark is, then you're the mark." - Andrew Campbell

"Real estate is not just a spreadsheet; it's qualitative and quantitative. It's art and science." - Andrew Campbell

Connect with Andrew:

Email: andrew@wildhorncap.com

Website: https://wildhorncap.com/

Apply to Invest with Taylor atwww.investwithtaylor.com

Track your wealth for free with Personal Capital, go towww.escapingwallstreet.com

Please leave a review and help others escape Wall Street and build wealth on Main Street!

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What are some key strategies for creating value in the industrial real estate space?

In this episode, Shannon Robnett dives into the world of industrial real estate investing. He explains what industrial properties are, how to create value through development, and the common misconceptions surrounding the industrial space. He touches on American manufacturing and industrial space usage, which is not as declining as many think. Shannon emphasizes the importance of never giving up and suggests looking into major brokers for more information on industrial real estate investments.

This episode is a must-listen if you want to learn more about building passive wealth with industrial real estate investing!

[00:01 - 07:19] Opening Segment

• How industrial real estate investing is a unique asset class that is all around us

• Shannon explains how industrial deals are different from multifamily deals

• Adding value to an industrial deal involves raising rents or building a new property

• Rents in industrial deals are paid differently than in multifamily deals

[07:20 - 14:58] Industrial Real Estate Investing in Changing Market Conditions

• Industrial properties have triple net leases

• The tenant pays for rent, property taxes, insurance, maintenance, and repairs

• What creates a stable cash flow stream

• Industrial properties trade at a 1.5-2% higher cap rate than other asset classes.

[14:59 - 22:37] Exploring Opportunities in Commercial Real Estate

• How to properly underwrite deals and take advantage of market changes

• Cap rates will continue to expand, and prices will soften

• Market is still strong due to solid demand and shifting demand into areas with less product

• Industrial real estate sector is slower than multifamily but has higher cap rates and more protection

[22:38 - 30:09] Closing Segment

• Best investment: Being important to important people

• Worst investment: Quick deal in a tertiary market without proper due diligence

• Most important lesson: Keep going and create a repeatable process for learning and investing

Quotes:

"Some of the main things that really make industrial different than multifamily is how the rents are paid." - Shannon Robnett

"Real estate is never a short game. It's a long game. It's not a get-rich-quick." - Shannon Robnett

"Be important to important people, but also look for opportunities to level up your importance to important people." - Shannon Robnett

Connect with Shannon:

Website:https://shannonrobnett.com/

Apply to Invest with Taylor atwww.investwithtaylor.com

Track your wealth for free with Personal Capital, go towww.escapingwallstreet.com

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How can busy professionals invest in mobile home parks to build wealth and passive income?

Andrew Keel joins host Taylor Loht to discuss investing in mobile home parks as a busy professional to build passive income. Andrew shares how he got started buying and wholesaling mobile homes, then transitioned to buying and syndicating entire mobile home parks. He provides insights into finding off-market deals, working with municipalities, building a property management company, and key lessons learned.

Andrew Keel is the CEO of Keel Team, LLC, a ‘MHU Top 100’ owner of manufactured housing communities with over 2,500 lots under management. His team currently manages 40 manufactured housing communities and 11 self-storage facilities across more than 10 states. Andrew's current commercial real estate portfolio totals $125M+ in assets under management. His expertise is in turning around under-managed manufactured housing communities and self-storage facilities, by utilizing proven systems to maximize occupancy while reducing operating costs. He specializes in bringing in homes to fill vacant MH lots, implementing self-storage revenue management, starting utility bill back programs, and improving overall management and operating efficiencies, all of which significantly boost the asset value and net operating income of the properties.

00:00 - Opening Segment

• Andrew introduces his background as a sales manager who got into real estate investing on the side.
• He started wholesaling single-family homes before purchasing his first mobile homes, leading him to focus on that niche.

00:04:00 - Transitioning to Mobile Home Parks

• Mobile home parks provide recurring revenue through lot rents
• Parks are often owned by "mom and pop" owners, allowing for good deals
• Andrew went "all in" on mobile home park investing by leaving his job

00:09:00 - Finding Deals and Building a Team

• How cold calling helps find motivated sellers
• Follow-up and persistence is critical
• Building the right team took trial and error

00:15:00 - Working with Municipalities

• Building good relationships with municipalities is key
• Due diligence helps uncover potential regulatory issues
• Why some municipalities try to force redevelopment of parks

00:26:00 - Closing Segment:

Best deal: A value-add 82 lot mobile home park purchased at a good price. Only 40 lots occupied initially.

Worst deal: Purchased a 52 lot park in Dayton, Ohio that only had 8 lots occupied.

Top lesson learned: Maintaining urgency and momentum on deals is critical

Quotes:

"If you want to get that type of debt, your mobile home community needs to be very nicely maintained. They're not going to lend on stuff that doesn't meet their criteria." - Andrew Keel

"Our bottleneck is finding consistent good deals that make sense. If we have a good deal, the money isn't the issue." - Andrew Keel

Connect with Andrew:

Website: https://www.andrewkeel.com/

Apply to Invest with Taylor atwww.investwithtaylor.com

Track your wealth for free with Personal Capital, go towww.escapingwallstreet.com

Please leave a review and help others escape Wall Street and build wealth on Main Street!

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Lots of folks are talking about short term rental or Airbnb investing these days, but I'm staying focused on multifamily and self storage.

Why?

Let's dig in and discuss the big risk in short term rental investing

Investing with Taylor at www.investwithtaylor.com

Articles discussed: https://www.nbc12.com/2023/09/26/rules-change-airbnb-hosts-richmond/#tbl-em-lnruz0himm9i5s9ff29

https://www.wired.com/story/airbnb-ban-new-york-city/

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What does it take to successfully invest in multifamily properties out-of-state?

Anthony Scandariato shares his experience breaking into out-of-state real estate investing and acquiring his first property in Clearwater, Florida. Learn how he evaluated the Tampa market, performed due diligence on the property, and built a local property management team to oversee it from afar.

Prior to forming Red Knight Properties, Anthony Scandariato who graduated from Cornell University with a Bachelor’s degree in Applied Economics and Management, was a Co-Founder in Ridgeview Partners. He specialized in the retail space with a vertical model that provided flexibility to serve multiple customer segments with similar product lines through retail, wholesale, and production contracting channels. He Acquired and developed growth of 110+ retailers within first-year operations. He later moved on to Acquisitions & Asset Manager Vice President for Vision Properties, where he was directly involved and responsible for sourcing, negotiation, and managing the acquisition of $594MM of Class A office assets.

(00:00 - 06:00) Opening Segment

• Anthony began investing in his local New Jersey market, building a portfolio of around 70 units before expanding out-of-state.
• Anthony and his partner acquired their first out-of-state property just over the PA border, about an hour drive from home.
• Their first major out-of-state purchase was in Clearwater, FL. Anthony already had some familiarity with the Tampa market from previous commercial real estate experience.

(06:00 - 09:00) Evaluating the Clearwater Property

• They partnered with a local to the property for initial evaluation before visiting themselves.
• Anthony spent a full day walking every unit, taking photos, and making notes on conditions using a property inspection app.
• How Anthony verifies the accuracy of the seller's renovation claims and watches for any major structural, environmental, or maintenance issues.

(09:00 - 24:00) Assembling a Local Team

• To properly manage out-of-state, Anthony likes to start with at least 100 units in a market to have a sufficient team.
• He looks at labor market factors to ensure there's enough of a talent pool to hire quality on-site employees.
• It's crucial to have trusted partners managing each property. They've had to replace existing staff at new acquisitions.

(24:00 - 29:00) Closing Segment:

• Best Investment: Marrying his wife
• Worst Investment: Junk Food
• The most important lesson is to have good partners, partners you can trust.

Quotes:

"If you're considering going out of state, me and my partner do day trips, so we'll get on a 6 a.m. flight, or whatever, the earliest flight that we can, and then we're back home to hit the pillow." - Anthony Scandariato

" Environmental is a total deal breaker; you can kind of tell when it's always a little bit desperate too." -Anthony Scandariato

Connect with Anthony:

www.redknightproperties.com

Apply to Invest with Taylor atwww.investwithtaylor.com

Track your wealth for free with Personal Capital, go towww.escapingwallstreet.com

Please leave a review and help others escape Wall Street and build wealth on Main Street!

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How can targeted text messaging transform a real estate investing business?

In this episode, host Taylor Loht interviews real estate investor Mitch Stephen, who has purchased a property every 4 to 5 days for over 30 years, averaging 100 houses per year for three decades. Stephen specializes in buying properties with other people's money at $X, and then selling those properties with seller financing at $2X. He invests his profits into forever cash flow businesses like self-storage, boat storage, open parking, semi-truck parking, and triple net office-warehouse-yard. Stephen is an entrepreneur, author, and educator with over 560 podcast episodes and 180 YouTube video shorts to his credit. He explains how he revolutionized lead generation and sales through an innovative automated phone and text messaging system that better qualifies leads before his salespeople engage. This increased efficiency, achieved faster sales and obtained higher sale prices. Stephen provides a deep dive into how the system works at each stage and key lessons learned from refining it over time.

Tune in to learn how targeted text messaging can transform your real estate investing business.

Chapters & Key Takeaways:

(00:00) Opening Segment

• Taylor introduces guest Mitch Stephen, a real estate investor who buys 100+ houses per year using other people's money
• Mitch has 30 years experience, buys 100 houses a year, ~3,000 total
• How Mithc private money to fund purchases and rehabs
• Why Mitch Focuses on cash flowing assets like storage, parking, triple net

(05:20) The Problem Mitch Needed to Solve with Texting Marketing

• How his previous system overwhelming salespeople with unqualified leads from bandit signs
• Callers often lacked funds or motivation to buy
• Salespeople couldn't handle call volume or relay correct info
• Grew FB following to get exclusive buyers for properties
• Text timeline for showings increased competition and prices
• Further automated lead vetting with tailored questions

(19:12) Hiring and Team Structure

• How Mitch hired sales first, acquisitions next, then admin
• Why he separates departments to prevent internal competition
• Mitch uses assessments to hire specific personality types

(24:41) Closing Segment:

• Why Mitch doesn't want to be involved in day-to-day operations
• Best investment ever: Semi truck parking
• Cash flowing asset with huge upside appreciation
• Worst investment ever: Raw land loans
• Defaulted loan during the recession, created years of payments
• Most important business lesson: Stay in your lane
• Focus on what you're good at instead of chasing opportunities

Connect with Mitch:

www.homes2go.net

Quotes:

"I had to solve a problem of getting overrun, not delivering the right information, maybe not even answering the phone." - Mitch Stephen

"It's the hardest thing an entrepreneur will ever do, is have one great idea and finish big" - Mitch Stephen

Apply to Invest with Taylor at www.investwithtaylor.com

Track your wealth for free with Personal Capital, go to www.escapingwallstreet.com

Please leave a review and help others escape Wall Street and build wealth on Main Street!

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How is technology's evolution impacting how real estate investors manage their properties?

Today, Taylor is sitting down with Vikas Gupta, CEO of Azibo, a property technology company for real estate investors, to discuss the availability of tech, how it can make rental properties easier to manage, and the trends they see in the market. They dive into how Azibo's software helps maximize tax benefits and optimize operations through data exchanges and insights into the market. Plus, they explore the importance of building good relationships with agents, lenders, property managers, and vendors for successful real estate investing.

Don't miss this episode to get the inside scoop on how you can leverage technology to make the most out of your rental properties!

[00:01 - 07:30] Opening Segment

• Introducing Azibo, a property technology company for real estate investors

• How to streamline the management of properties, from rent collections to maintenance requests and lease signings

• The reason why real estate investors have not streamlined their operations with technology

• Vikas' extensive background in technology, having worked at startups, VCs, enterprise data companies

[07:31 - 14:55] A Purpose-Built Accounting Suite for Property Owners

• Business value props like saving time, money and maximizing returns

• The onboarding process is straightforward, with bulk onboarding options available

• Recently launched accounting suite better than QuickBooks for property owners

• Adoption not as high as expected due to people not wanting to think about accounting until tax time

[14:56 - 22:16] A Guide to Optimizing Real Estate Operations

• Clean books are essential to maximize tax benefits in real estate

• Automation can help people spend less time on their books
• Data exchanges and sharing data can be beneficial

• How Azibo helps customers save 1 to 2 hours a month per unit they own

[22:17 - 25:38] The Most Important Lesson in Business and Investing

• Real estate investors, in general, aren't great at cyber security

• The importance of two-factor authentication and having a bunch of Fraud checks and screening

• Know your customer, know your business checks to protect tenants from fraudsters

• More security does introduce more friction into the system

[25:39 - 30:49] Closing Segment

• Best investment: Index funds

• Worst investment: Investing in stocks and crypto

• Most important lesson learned: The importance of a team

Quotes:

“No one wants to think about accounting until it's tax time.” - Vikas Gupta

“In order to know if you're paying too much, you need to know how much you're paying.” - Vikas Gupta

“Being able to optimize your business requires understanding your business, and understanding your business requires having a very good understanding of the finances and the cash flows both in and out.” - Vikas Gupta

Connect with Vikas!

Email: vikas@azibo.com

Website: https://www.azibo.com/

Apply to Invest with Taylor atwww.investwithtaylor.com

Track your wealth for free with Personal Capital, go towww.escapingwallstreet.com

Please leave a review and help others escape Wall Street and build wealth on Main Street!

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In this episode, host Taylor Loht interviews Rahul Patel, a commercial real estate attorney, investor, and entrepreneur. They discuss common mistakes new real estate investors make, how to structure LOIs and contingencies, fighting property tax increases, Rahul's background, and more. Rahul shares wisdom and advice from his extensive experience in law, business, real estate, and angel investing.

Chapters & Key Takeaways:

[00:02] Opening Segment

• Mitigating risk in offers: Engage experts you want to work with before making offers. Structure offers with ample due diligence periods. Don't take on excessive deposits/earnest money you can't afford to lose.

[00:11] Avoiding Rookie Real Estate Mistakes with Attorney & Investor Rahul Patel

• Structuring LOIs: Be transparent about needing extensions upfront rather than trying to negotiate later from a weaker position. Offer to pay fees for extensions. This builds a reputation with reputable sellers.
• Property tax disputes: File lawsuits to dispute unrealistic increased assessments. Reducing assessed value leads to exponential tax savings over time.
• Common assessment errors: Assessors use mass appraisal processes with limited time and resources. Owners know details assessors miss that justify lower valuations.

[00:26] Closing Segment

• Best investment: Invest in people and teams rather than trying to do everything solo. Creates accountability, new perspectives and is more rewarding.
• Worst investment: Investing time and energy into businesses relying on other individuals' success rather than your own direct control.
• Important lesson: Have a short memory of losses and don't dwell on past decisions - focus on the next win. Quitting can be winning if you learn lessons about why something didn't work out.

Connect with Rahul:

Website: https://www.patelgaines.com/

Key Quotes:

"I think the biggest mistake that I see people really doing is, is trying to figure out how to make maximum money on every deal, especially in the early onset." Rahul Patel

"If you have not gained an expertise in something, then you need to really obtain the services of an expert." Rahul Patel

"Investing in people around you that fit your culture, that's a great investment because I think it just, it pays dividends to what you're trying to do." Rahul Patel

Apply to Invest with Taylor at www.investwithtaylor.com

Track your wealth for free with Personal Capital, go to www.escapingwallstreet.com

Please leave a review and help others escape Wall Street and build wealth on Main Street!

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Garrett Gunderson, entrepreneur and financial expert, explains the difference between cash flow and accumulation wealth models. He emphasizes that financially free people think value first, cost second, and economic impact third, while those who are not focused on price and price alone. In this episode, Garrett shares his story of success and failure regarding money. Garrett recommends investing in oneself to become a value creator and enjoy life. Garrett's books Killing Sacred Cows and Money Unmasked advise identifying your financial DNA and creating cash flow. Listen to this conversation for advice on managing cash flow, reducing risk, investing intelligently, and creating stability and financial freedom.

[00:00 - 07:01] Opening Segment

• Financial freedom is a state of mind and being

• Cashflow investing over accumulation is critical to creating financial and economic independence

• In his book "Killing Sacred Cows," Garret explains the failings of the accumulation model

• Garrett's new book "Money Unmasked" helps identify financial and money DNA

[07:01 - 13:46] Create Cashflow and Achieve Financial Independence with the Five-Step Framework

• It takes money to make money, but high risk does not always equal high return.

• Invest in infrastructure or marketing to scale business revenue.

• Invest back into yourself and your skillsets to become a better investor.

• Think about how to keep as much as you make without cutting back and turning assets into cashflow machines.

[13:46 - 20:32] Unlocking Financial Freedom: How to Identify High Leverage Opportunities in Business

• There is a distinction between financial independence and financial freedom.

• Financial freedom is when money is no longer the primary reason or excuse to do something.

• Use the cycle of creation to improve product and listen to customers.

[20:32 - 27:45] Closing Segment:

• Best investment: 400% annualized return on $25,000 house investment

• Worst investment: 45% owner of 45,000 square foot building

• Most important lesson learned: The power of having a due diligence team to ensure the success of any deal.

Quotes:

"Risk means the chance of losing. So how does increasing our chance of losing actually help us win? It doesn't." - Garret Gunderson

"If you don't have the mental capital ideas, knowledge, wisdom insight, strategies and tools, and the right relationship capital people networks, organizations mentors friends, and family you don't have a business you have speculation, and people leverage money before they leverage mental and relationship capital." - Garret Gunderson

Apply to Invest with Taylor at www.investwithtaylor.com

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Delve into the captivating world of real estate with Jim Sheils, a full-time real estate investor with 24 years of experience and a fascinating journey of mastering the build-to-rent strategy. Jim shares insight into his lifestyle of working and adventuring, his family education company 18 Summers, why retirement does not interest him, and his advice for investors looking to get involved in building to rent properties. Learn what areas are best avoided when investing in rental properties, the pros and cons of specific designs, the importance of due diligence in property insurance, and much more.

Tune in now and understand why building and renting properties can be a great way to generate income!

[00:00 - 07:17] Journey From Real Estate Investor to Build-to-Rent Strategy

• Introducing Jim to the show
• What keeps him going is the "how" - the ability to work and play from Costa Rica, spend time with family, keep up with health, and take adventures

[07:18 - 14:55] Making Build to Rent Deals Work

• Focus on high-growth markets with population growth, economic growth, affordability index, and desirable factors
• Properties are B+ class with extra finishes like vinyl plank flooring, granite countertops, etc.
• Go for established neighborhoods with a good mixture of renters and owners
• Have to go to designs for different areas based on hurricane safety and aesthetics

[14:56 - 24:22] The Importance of Due Diligence and Property Insurance

• Owning too many properties can be a ten-year ache and pain
• Insurance costs have gone up in Florida, but vary by area and age of home
• New construction is rewarded with lower insurance premiums
• Due diligence is essential: visit the site and do market analysis

[24:23 - 27:48] Closing Segment

• Best investment: Jim's family life
• Worst investment: Jim's first properties in Jacksonville, Florida
• The most important lesson learned: play to your strengths, not your weaknesses

Quotes:

"We always try to go to high-growth markets. We're only focused on Florida because we believe in the fundamentals here. We believe in the landlord laws here, which are super important when investing. You've got to be able to collect your rent." - Jim Sheils

"If I could go back 24 years, I'd own less property, a better quality with less leverage." - Jim Sheils

Connect with Jim!

Book: Passive Income Playbook

Website: https://jjplaybook.com

Apply to Invest with Taylor at www.investwithtaylor.com

Track your wealth for free with Personal Capital, go to www.escapingwallstreet.com

Please leave a review and help others escape Wall Street and build wealth on Main Street!

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Have you ever felt overwhelmed balancing family, work, and ambitions to build wealth through real estate investing? How does one give adequate time to their family, refine investment strategies, and still achieve their financial goals?

In this episode, Taylor welcomes Aileen Prak to discuss balancing life, family, work and real estate investing. Eileen shares her experience setting priorities and goals and refining the investment strategy with her husband. She talks about managing multiple family, work, and investment commitments, including building a network of connections, creating relationships, and setting small goals. She also explains how two partners with different skill sets can successfully work together to achieve their goals through communication and compromise.

Tune in for an insightful conversation on maintaining balance while building wealth!

[00:00 - 06:12] Balancing Life, Family, and Real Estate Investing

• Focus on the importance of time and how to spend it
• Set priorities, goals and delegate responsibilities
• Invest in multifamily apartments outside of your comfort zone
• Leverage the experience of a sponsor to learn and be passive investors

[06:13 - 11:26] Leveraging Strengths and Weaknesses to Achieve Goals

• The power of leveraging off each other's strengths and weaknesses
• Having a support network for help with kids and other tasks
• Identifying individual strengths and weaknesses
• Communicating effectively to divide and conquer tasks
• Creating a division of line between what is enjoyed doing and what is good at doing

[11:27 - 19:31] Navigating Business Goals Together

• Set goals based on family and overall life quality
• Break down goals into smaller steps
• Handle disagreements by understanding each other's perspective
• The end goal is the same, but how to get there may require compromise

[19:32 - 24:07] Achieving Financial Independence and Spending Time with Family

• Don't forget why you are doing it in the first place
• Grow business to have time freedom and be able to spend it with kids
• Expose kids to real estate without limiting beliefs
• Enjoy current job and make a decision when one of them wants to leave

[24:08 - 29:40] Closing Segment

• Best investment: first house bought
• Worst investment: a property with high deferred maintenance and low market value
• The most important lesson: always walk away from a bad deal

Quotes:

"I wanted to gain more time and freedom to spend more with my family, not be dependent on that W-2, and have that choice to continue working because I wanted to, not because I had to." - Aileen Prak

"If you can overcome those limiting beliefs, you can get there and start so much quicker without having to feel like you're not enough. And you totally are, but you need to start making the right moves and start getting outside of your comfort zone, networking with other people." - Aileen Prak

Connect with Aileen!

Website: https://bonavestcapital.com

Podcast: How Did They Do It? Real Estate

Apply to Invest with Taylor at www.investwithtaylor.com

Track your wealth for free with Personal Capital, go to www.escapingwallstreet.com

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The SEC on Monday announced charges against an alleged Ponzi scheme. Let's dig into their complaints and steps investors can take to protect themselves before getting into a scam. More info on the complaint: https://www.sec.gov/news/press-release/2023-196

Learn more about investing with Taylor at https://www.passivewealthstrategy.com/join-the-investor-club/

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Have you ever dreamt of breaking the chains of routine, retiring early, and traveling the world?

In this episode, we chat with Erik Hemingway, a highly experienced self-storage investor who achieved early retirement and used his wealth to travel the world. We discuss his journey of building his first storage in Arizona in 2006, moving to Costa Rica a year later, and living on a sailboat in Greece for three and half years while traveling to 24 countries. We learn how they sold their cars, houses, and possessions to make the journey possible and met other boaters who encouraged them. After returning to the US, Erik reveals how he invested in fixing and flipping, constructing buildings, and converting them into storage units to build a nest egg.

Join us as we dive deep into Erik's story of taking risks and achieving financial freedom through self-storage investing!

[00:00 - 07:47] From Construction to Self Storage Investor

• Introducing Erik to the show
• He and his family took an early retirement through self-storage investing and traveled the world

[07:48 - 15:17] Exploring the Possibilities Through Boating and Real Estate Investing

• Living on a boat is economical and freeing
• Found fix and flips, built new construction, and got back into storage
• Launched Nomad Capital off the boat adventure

[15:18 - 22:47] Facing Fear and Following Gut

• Heavy-value add projects like renovating old buildings, grocery stores, K-marts, hosiery mills, and soda bottling facilities
• Fear is a muscle that you can exercise

[22:48 - 26:23] Closing Segment

• Best investment:
• Worst investment:
• The most important lesson learned:

Quotes:

"One key thing about life is always being willing to be surprised. Let life surprise you. And it's certainly done that for us. And I think that's a great way to live." - Erik Hemingway

"It's surprising how little you can live on when you're just not distracted by everything that everybody's telling you when you're not kind of sucked into the consumer stuff of just every day on the treadmill." - Erik Hemingway

"Fear is kind of a muscle that you can exercise. And as you step out of your comfort zone, that muscle gets strengthened suddenly. The next stretch is not so hard." - Erik Hemingway

Connect with Erik!

Website: www.NomadCapital.us

Email: erik@nomadcapital.us

Phone: 910-431-3855

Apply to Invest with Taylor at www.investwithtaylor.com

Track your wealth for free with Personal Capital, go to www.escapingwallstreet.com

Please leave a review and help others escape Wall Street and build wealth on Main Street!

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How does a young intern with a passion for real estate go on to raise over 1.2 billion for student housing projects?

Dive into the world of Fred Pierce, an experienced and successful investor who has raised over 1.2 billion in investments for his student housing projects across 39 states. He'll dive into how he jumped the queue and attracted capital from institutional investors, family offices, and retail investors. We'll hear about the different tiers of investor capital, from friends-and-family capital to country club capital to family office and institutional investors. He'll also walk us through his capital life cycle in commercial real estate and explain the advantages and disadvantages of each type of investor.

Tune in to gain powerful insights from Fred Pierce!

[00:00 - 06:22] Becoming a Billion-Dollar Student Housing Investor

• Fred Pierce is an experienced real estate investor, having done over 1.2 billion in student housing projects
• His journey started when he was 21 and interned at the Goodkin Group, a market research firm
• He took his platform national in 2006 and, within 90 days, had 1.2 billion of development rights at two major universities

[06:23 - 12:49] How to Leapfrog the First Couple Rungs in Commercial Real Estate

• The capital life cycle in commercial real estate consists of four main food groups and niche sectors
• Early in their career, people usually start with friends and family capital
• Country club capital route is the next tier, which involves friends of your friends and family
• The third tier is the family office, managed by millionaires or billionaires
• The fourth tier is institutional capital from investment advisors with multi-billion dollar commingled funds

[12:50 - 25:59] Exploring the Benefits for Retail and Family Office Investors

• Retail investors have been gaining access to student housing investments
• Student housing is a defensive and recession-resistant asset class
• Starting in 2016, institutional investors began to allocate capital into niche sectors of commercial real estate such as student housing, senior housing, self-storage and data centers
• Transaction volume has slowed significantly, and valuations have decreased due to the higher cost of debt

[26:00 - 32:20] Closing Segment

• Best investment: in Fred's own company
• Worst investment: Fred's first and second home purchase due to bad timing.
• The most important lesson learned: keep it simple and scalable

Quote:

"Keep it simple and scalable if you want to accept exponentially growing your business and your opportunities." - Fred Pierce

Connect with Fred!

Website: https://pepstudent.com

Number: 619-297-00400

Apply to Invest with Taylor at www.investwithtaylor.com

Track your wealth for free with Personal Capital, go to www.escapingwallstreet.com

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Taylor goes through 4 steps to build the best team who can run your business FOR you, so you can grow your portfolio without growing your time commitment.

Learn about investing with Taylor at www.investwithtaylor.com

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Do you want to learn how to transition from a traditional job to the unpredictable world of real estate investing?

Taylor Loht sits down with full-time real estate investor Clint Harris to discuss his journey from medical device sales to becoming a full-time real estate investor. Clint shares how he and his wife transitioned from traditional employment to investing in Airbnb properties, property management companies, and syndications. He talks about the lessons he has learned along the way, the relationships he has cultivated, and how taking risks has paid off for him.

Tune into this episode for an inspiring story about transitioning into real estate investing!

[00:00 - 07:12] Clint's Story of Unexpectedly Becoming a Successful Investor

• Clint's brief background career
• The importance of being willing to accept the risks of investing in multifamily properties and converting them to different asset classes

[07:13 - 14:37] Taking a Hard Pivot: How Unexpected Job Loss Can Lead to Success

• Clint bought his first duplex in 2018 and experienced a hurricane shortly after
• He took money from the first property to buy another quadplex and converted the original triplex into a quadplex

[14:38 - 26:42] From Three Incomes to Investing in Multifamily Properties

• Clint also invested in multifamily properties, self-storage facilities, and self-storage conversion projects
• His day-to-day lifestyle now focused on education about syndication and limited partners
• Value add is the key to success in real estate investing.
• Cold calling has enabled Clint to build meaningful relationships with mentors and other investors.

[26:43 - 34:21] Closing Segment

• Best investment: relationships
• Worst investment: single-family homes
• The most important lesson learned: The value that comes with an asset class conversion

Quotes:

"Life is about relationships. It's about people. And if you're willing to put yourself out there in a vulnerable way and just look to connect with people meaningfully, amazing and beautiful things can happen." - Clint Harris

"If you know that whatever you're doing may not be what you want to do at some point, that's not the day you start preparing for that. Now is the day that you start preparing for that." - Clint Harris

Connect with Clint!

Podcast: www.TrulyPassiveIncome.com

Email: clint@nomadcapital.us

Invest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/

Track your rental property's finances with Stessa. Go to www.escapingwallstreet.com.

Join our Passive Investor Club to access passive commercial real estate investment opportunities.

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or clicking here to listen to our previous episodes.

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Have you ever wondered why many business owners struggle to retire comfortably despite their business's apparent success?

In this episode, Josh Patrick uncovers the secret to success for business owners who want to retire with financial security. Josh speaks about his four-box strategy of financial independence, which includes pre-funding a 401k plan, having an emergency fund, investing in the stock market, and buying real estate. He also discusses the importance of making businesses' sale ready' and how to delegate tasks and trust employees to make mistakes.

Please tune in to hear about crucial strategies for business owners to ensure their retirement is secure and financially free.

[00:00 - 07:41] How to Retire Comfortably

• Businesses need to go through different stages to reach the scale so that the owners can walk away and the business will run itself
• A business is worth a lot to you as an owner, but when you go to sell it, taxes and fees take away 40% of the value

[07:42 - 15:38] Planning for Retirement: A Four Box Strategy for Business Owners

• The four boxes of financial independence include the value of your business, qualified retirement plan, rental building, and cash flow
• Business owners need to plan for retirement and pay attention to their business.
• Making the business sale ready is vital for businesses that want to be sold in the future.
• To make a business run on its own, teams and systems must be created

[15:39 - 23:06] Delegation: The Hardest Skill to Learn for Business Owners

• There are two systems to help with delegation: EIA and Inspect and Adopt
• Mike Michalowicz's book 'Profit First' and Gino Wickman's book 'Traction' can be used as guideposts for creating a business
• Having a coach can help with the process of learning how to delegate

[23:07 - 26:54] Closing Segment

• Best investment: in the food service business
• Worst investment: cashflow
• The most important lesson learned: restaurants are a tough business to get into

Quotes:

"A business is worth a lot to you as an owner, as an operating entity." - Josh Patrick

"Only 50% of businesses that go to market ever sell. So, if you want to sell your business, you have to do something called making it sale-ready. Being ready doesn't mean I'm about to sell my business. It just means I've created a business that other people want to own." - Josh Patrick

Connect with Josh!

Website: www.SustainableBusiness.co/freedom

Apply to Invest with Taylor at www.investwithtaylor.com

Track your wealth for free with Personal Capital, go to www.escapingwallstreet.com

Please leave a review and help others escape Wall Street and build wealth on Main Street!

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or clicking here to listen to our previous episodes.

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Did you know credit unions could be your secret weapon in real estate investing?

Mark Ritter, a credit union and banking expert, joins us to discuss the advantages of working with Credit Unions for real estate investors. He explains how credit unions differ from other financial institutions and the mistakes investors make when working with a lender. Mark also highlights the unique benefits of credit unions, such as their cooperative structure, which is owned by members and managed by an elected board of directors. Mark provides excellent insight into this area and encourages people to take advantage of them as they offer fairer terms than traditional banks, cannot charge prepayment penalties, and keep and manage their funds.

Listen to learn more about how real estate investors can benefit from credit unions and build long-term relationships with lenders!

[00:00 - 06:42] The Advantages of Credit Unions for Real Estate Investors

• Introducing Mark to the show
• Credit unions are cooperatives, not-for-profit financial cooperatives owned by the members of the organization
• Credit unions offer a relationship with their lender and local institution

[06:43 - 14:10] Credit Unions: A Different Approach to Obtaining Investment Property Loans

• Credit Unions cooperate and share resources to increase scale
• Credit Unions are generally smaller than banks, with an average of 250 million in assets
• Consolidation is happening within the credit union space, but the philosophy of helping people in their local marketplace remains
• Obtaining a loan from a credit union requires collecting financials, sales agreements, appraisals, rent rolls, and projections

[14:11 - 22:58] Credit Union Balance Sheets

• Federal credit unions cannot have prepayment penalties
• Credit unions keep and manage their own money, not borrowing from Wall Street
• For every dollar of deposits, credit unions lend out 85 cents to local businesses and members
• Mistakes to avoid when getting an investment property loan include not understanding the lender, talking to the wrong person, and ignoring requested information

[22:59 - 27:15] Closing Segment

• Best investment: helping out a small tea shop
• Worst investment: a loan that was government-guaranteed
• The most important lesson learned: staying within your lane of what you know

Quotes:

"Credit unions philosophically are somewhere that you can have that relationship and conversation to get all of your things done that everybody listening knows credit unions do, but also the real estate piece of it as well for your investments." - Mark Ritter

"We don't just simply jam who you are into a machine, and out comes an answer. We like to have conversations about who you are. What are you thinking about for this project? What do you have and where are you going in the future?" - Mark Ritter

Connect with Mark!

Website: www.mbfs.org

LinkedIn: https://www.linkedin.com/in/markrittermbfs/

Invest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/

Track your rental property's finances with Stessa. Go to www.escapingwallstreet.com.

Join our Passive Investor Club to access passive commercial real estate investment opportunities.

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or clicking here to listen to our previous episodes.

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Join Taylor Loht as he sits down with Hannah Bercegeay, a real estate investor, teacher, mom, and wife. Hannah shares her story of how her family started investing in real estate before COVID hit and how they grew their portfolio successfully. They discuss the importance of mindset when making financial decisions and avoiding buying unnecessary luxury items. They talk about how to acquire single-family homes and an off-market apartment complex, as well as how to manage contractors and differentiate between different types of properties.

Tune in for this inspiring conversation with Hannah Bercegeay!

[00:01 - 07:37] Opening Segment

• Introducing Hannah to the show
• Hannah believes that anyone can do real estate with the right mindset
• She now focuses on mindset rather than buying a big house or flashy things

[07:38 - 14:05] Expanding Comfort Zones

• The shift from buying liabilities to assets
• Balancing time commitments of real estate with W2 and family
• Work-life harmony instead of balance
• The importance of using every moment available to be productive

[14:06 - 22:25] Overcoming Imposter Syndrome

• Hannah believes that anyone can do real estate
• How Hannah felt and defeated imposter syndrome

[22:26 - 26:32] Closing Segment

• Best investment: conferences
• Worst investment: not going to conferences sooner
• The most important lesson learned: being empathetic

Quote:

"I no longer believe in work-life balance. I believe in work-life harmony. It cannot be perfectly balanced. It just can't be." - Hannah Bercegeay

Connect with Hannah!

Facebook: https://www.facebook.com/hannah.bercegeay/

Instagram: https://www.instagram.com/h.bercegeay10x/

LinkedIn: https://www.linkedin.com/in/hannah-bercegeay-520772172/

Invest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/

Track your rental property's finances with Stessa. Go to www.escapingwallstreet.com.

Join our Passive Investor Club to access passive commercial real estate investment opportunities.

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or clicking here to listen to our previous episodes.

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Have you ever wondered how someone scales from a simple house hack duplex to 40 units, raking in an astonishing 15K monthly in passive income?

In this episode, Taylor welcomes Anton Ivanov – a tenacious real estate investor who did just that in a decade. From personalizing direct mailers to venturing into out-of-state turnkey properties to the power of local market analysis, Anton demystifies the journey to financial freedom in real estate. It's not a 'get rich quick' gig – it's about the grind, the dedication, and always being ready to learn.

Dive into this episode to discover how a mix of grit, strategy, and consistent effort led Anton to build a thriving real estate empire.

[00:00 - 10:02] Building a Successful Real Estate Portfolio with Turnkey Investing

• Introducing Anton to the show
• Analyze the market, neighborhood, property, and vendor before buying
• Turnkey properties can be a good acquisition strategy but may not provide the best discount

[10:03 - 24:47] Success in Real Estate Through Personal Connections and Direct Mail

• Investing in markets with reasonable price and rent appreciation over time can lead to higher ROI
• Anton looked at off-market deals, including through personal connections and direct mail
• The real estate market was heating up in the 2017-2019 timeframe
• Anton used a template to write personalized letters to property owners with their name, photo of the property, and offer terms

[24:46 - 28:46] $15,000 a Month in Passive Income

• Real estate is not a get-rich-quick scheme
• Financial independence requires consistent effort and learning from mistakes

[28:47 - 34:45] Closing Segment

• Best investment: two property tech companies, Deal Check and Rent Cast
• Worst investment: spending time and energy with people who don't add value to life
• The most important lesson: not be afraid to start small

Quotes:

"Turnkey is just another acquisition strategy if you approach it correctly." - Anton Ivanov

"Don't be discouraged, and don't be put off by people doing private sales. The more you network, the more you'll be in the right place in their mind." - Anton Ivanov

"Don't be afraid to start small." - Anton Ivanov

Connect with Anton!

www.DealCheck.io

www.RentCast.io

Invest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/

Track your rental property's finances with Stessa. Go to www.escapingwallstreet.com.

Join our Passive Investor Club to access passive commercial real estate investment opportunities.

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or clicking here to listen to our previous episodes.

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From starting with equity over cash to scaling a $3 billion real estate empire, Keith Wasserman reveals the art of team-building and the seismic shifts in the property market since 2008. Join us as he discusses his journey from starting with just his cousin and business partner to now having a fully staffed team. Keith shares his approach to hiring and compensating staff, which was focused on giving personnel equity rather than cash due to a lack of funds in the early days. He also talks about the current real estate market since 2008, with values dropping drastically in the apartment space and even more in specific office spaces.

[00:00 - 07:03] Building a Successful Real Estate Team

• Introducing Keith to the show
• He built a team, scaled it up, and thought about compensating all the different team members to incentivize them to stay and perform
• The team identified the right people to put in the right places as they continue to grow the team

[07:04 - 15:17] Hiring, Firing, and Identifying Gaps in the Team

• Pay people based on how invaluable they are to the organization
• Give equity to employees once they prove themselves and earn it
• Rely on a team to know who is needed to get the job done as best possible
• Aim to stay lean and scrappy

[15:18 - 23:16] How Investing in Apartments Changed During Turmoil in the Markets

• Suburban office values have been "torched," and CBD office values have seen "value destruction"
• Rents are still seeing growth, but it has slowed down in specific markets
• Long-term rates are declining, and inflation is under control

[23:17 - 28:39] Closing Segment

• Best investment: Keith's wife
• Worst investment: buying a portfolio of mobile home parks
• The most important lesson learned: building a reputation and having the right partners

Quotes:

"We realized we needed to bring on some more 'the gray hairs'; someone with experience, someone that had a bigger balance sheet that could sign on loans." - Keith Wasserman

"It's tough to delay gratification, but we try to keep it lean and mean for the most part. That's the way we're going to be very wealthy is just holding these things long term." - Keith Wasserman

Connect with Keith!

Twitter: www.twitter.com/Keith_Wasserman

LinkedIn: https://www.linkedin.com/in/kewasserman/

Invest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/

Track your rental property's finances with Stessa. Go to www.escapingwallstreet.com.

Join our Passive Investor Club to access passive commercial real estate investment opportunities.

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or clicking here to listen to our previous episodes.

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Do you know how the fusion of technology, modern agriculture, and sustainability can revolutionize our investment in farmland?

David Chan from FarmTogether unveils a groundbreaking agricultural investment model that promises returns and champions stewardship of our lands. Discover how they're enticing institutional investors, pioneering sustainable practices, and harnessing innovative strategies in an era where 98% of U.S. farmland remains privately held. He explains how FarmTogether is creating a sustainable investment model that focuses on being good stewards of the land while still generating profits.

Dive into this captivating episode to unearth the future of sustainable farming investments.

[00:00 - 07:07] The Innovative Agricultural Investing Model

• Introducing David to the show
• Agriculture is embedded in many different fabrics of the way we live
• Being sustainable and creating resilient soil systems decreases cost of goods sold, increasing margin and net operating

[07:08 - 15:14] Exploring the Growing Institutional Interest in Farmland Investment

• Underwrite a property against different principles like risk and value for trees, vines, etc.
• Use pheromone blockers to disrupt mating season and reduce the cost of goods sold
• Create portfolios of properties to make them more attractive to institutional investors
• There is a growing appetite for farmland among smaller institutional investors

[15:15 - 21:30] Exploring Sustainable Practices in U.S. Farmland

• Farm Together focuses on medium-sized farms (2-20 million in property value) that are often overlooked
• To hedge against commodity price variability, Farm Together employs pool marketing and works with dedicated marketing boards
• Crop insurance is available to limit the downside risk of disease, blight, and other weather-related issues
• Sustainable practices such as pheromone blocking can lead to better outcomes and reduce the need for pesticides

[21:31 - 26:50] Closing Segment

• Best investment: purchasing David's first home
• Worst investment: the crypto bandwagon
• The most important lesson learned: There's no such thing as a dumb question

Quotes:

"We are not a country that's been based or bred on industrial farming. We've forever had many small farms and very fractionalized ownership." - David Chan

"Sustainability and farmland is a pretty complex and comprehensive idea. I've seen conventional farms that are farmed in very sustainable manners, and I've seen certified organic farms that I would argue could be much more sustainable." - David Chan

Connect with David!

Website: www.FarmTogether.com

Email: david@farmtogether.com

Invest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/

Track your rental property's finances with Stessa. Go to www.escapingwallstreet.com.

Join our Passive Investor Club to access passive commercial real estate investment opportunities.

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or clicking here to listen to our previous episodes.

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Taylor was recently asked to speak for a group of real estate syndicators and teach about real estate podcasting. These are the top 4 ways that podcasting has helped quadruple Taylor's real estate investing business, helped build connections with investors, and keep a pulse on the market.

Learn about investing with Taylor at www.investwithtaylor.com

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Ready to skyrocket your real estate business?

Allan Dib, an experienced investor and author, joins the show to provide insights into how to use marketing for business growth. He dives into the three essentials for rapid business growth: figuring out the target market, creating messages that resonate with them, and delivering a world-class experience. Learn how to effectively engage prospects, create value in their lives, leverage marketing techniques to build relationships, and maximize sales. Uncover strategies for understanding your target market and tailoring your message accordingly, creating systems such as CRM and email marketing, and treating social media as a paid media channel.

Tune in now for actionable advice from one of the best in the business!

[00:00 - 08:44] Opening Segment

• Introducing Allan to the show
• Allan shares his inspiring story of how he grew and sold his first business and moved on from there

[08:45 - 15:44] Discovering Your Ideal Target Market and Leveraging Marketing for High-Consideration Purchases

• Narrow down who the target market is and tailor the message accordingly
• Leverage marketing system to engage and nurture prospects over time
• Create value in customer's life by providing relevant information

[15:45 - 21:02] What You Need to Know About Effective Marketing Strategies

• Think of marketing as part of your product
• Integrate marketing and sales teams to work together toward the same goal
• Focus on a few critical moves done consistently to get strong in marketing
• Avoid jumping on the latest social network or trend

[21:03 - 27:02] Unlocking the Power of Compounding Returns

• Social media algorithms reward consistency and frequent posting
• Email marketing is still effective and cannot be de-platformed or shadow-banned
• Writing content that is genuinely helpful and useful will help with shareability
• Press and PR may not drive many sales, but ads on Amazon, podcasts, and grassroots strategies are more effective

[27:03 - 30:31] Closing Segment

• The best investment: residential real estate
• The worst investment: Allan's early days of share trading
• The most important lesson learned: the returns come from compound interest

Quotes:

"You're either growing or you're rotting; it's one or the other." - Allan Dib

"We win the marketing game by just doing the daily, weekly, monthly stuff. It's not any genius campaign or any kind of crazy concept or whatever. It's just really doing the basics." - Allan Dib

Connect with Allan!

Newsletter: www.successwise.com

Book: The 1-Page Marketing Plan

Invest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/

Track your rental property's finances with Stessa. Go to www.escapingwallstreet.com.

Join our Passive Investor Club to access passive commercial real estate investment opportunities.

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or clicking here to listen to our previous episodes.

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Have you ever felt like traditional sales tactics were failing you? Or are those old tactics too pushy and aggressive?

In this episode, Allan Langer, a sales expert with over 25 years of experience, shares his best tactics for understanding and engaging with customers while advising on building solid relationships to help you succeed in real estate investing. He discusses the importance of open-ended questions, discovering what's happening beneath the surface through body language, and why ignoring traditional sales training may be your best bet. Learn how Allan hit the play button rather than the pause button during the COVID-19 pandemic by investing in relationships and staying motivated.

[00:00 - 07:14] Opening Segment

• Introducing Allan to the show
• The ability to sell helps investors do more deals, negotiate better deals, and get more done in real estate
• If you lead with helping and not selling, you will be more successful
• Open-ended questions are the best way to help someone feel heard and understood

[07:15 - 15:03] Understanding Body Language in Sales

• Ask for permission to move forward in the conversation
• Pay attention to body language and label it
• People don't want to meet with salespeople, so focus on how the brain works and what people want to feel comfortable about
• Become an "anti-salesperson" - someone that people are not expecting

[15:04 - 20:41] Relationships: Building Connections During COVID

• Salespeople are often trained poorly and feel icky about selling
• The balance of power has shifted to the customer due to the advent of the internet
• Old sales tactics such as 'Always be Closing' (ABC) and 'Follow the Submarine' don't work anymore
• Salespeople should focus on being advisors rather than salespersons

[20:42 - 26:11] Closing Segment

• Best investment: relationships
• Worst investment: Multi-level marketing
• The most important lesson learned: time management

Quotes:

"If you lead with helping and not selling, you'll be a more successful salesperson. Once they feel like you're trying to coerce them, they're going to have a harder time." - Allan Langer

"That's how the world goes round. People sell to other people, but nobody wants to meet with the salesperson." - Allan Langer

Connect with Allan!

Website: www.allanger.com

Invest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/

Track your rental property's finances with Stessa. Go to www.escapingwallstreet.com.

Join our Passive Investor Club to access passive commercial real estate investment opportunities.

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or clicking here to listen to our previous episodes.

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Dive into the high-stakes world of mortgage note investing with Chris Seveney, who's been building wealth off Wall Street and on Main Street since the late '90s. Discover the three P's that Chris swears by when restructuring loans and hear tales of his best triumphs and most challenging lessons, from turning a massive equity gain from his primary residence to the devastating blow from WorldCom. Whether you're curious about the distressed commercial real estate debt market or eager to learn from a pro, this episode promises riveting insights.

[00:00 - 06:01] Opening Segment

• Introducing Chris to the show
• Mortgage note investing involves buying distressed mortgage notes on the secondary market
• How decreasing and then rapidly increasing interest rates have affected the mortgage note market and real estate more generally

[06:02 - 12:42] Debt Distress: How is it Different Today Than 15 Years Ago?

• Most people who have a mortgage think if they miss one payment, the bank's going to come banging on their door and throw them out and foreclose upon you
• Today, most people have 50,000 in equity that they can't buy anything to get the same value or price or same payment
• People are forced to file bankruptcy to try and restructure that debt so they can keep their house

[12:43 - 21:55] The Three P's of Mortgage Note Investing: Person, Predicament, and Property

• Banks have had difficulty selling low-interest-rate loans due to the bid/ask spread not catching up yet
• Track data for trends on what stuff is selling for and whether prices are increasing or decreasing
• Reputation matters as people want to know who they're working with
• Distressed commercial real estate debt is different from 30-year mortgages due to shorter terms

[21:56 - 26:57] Closing Segment

• Best investment: Chris' primary residence
• Worst investment: Investing into a stock called WorldCom
• The most important lesson learned: Focus on what you're good at

Quote:

"Most people with a mortgage think if you miss one payment, the bank will come banging on your door, throw you out, and foreclose upon you. Our average delinquency is probably three to five years." - Chris Seveney

Connect with Chris!

Website: www.7EInvestments.com

Invest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/

Track your rental property's finances with Stessa. Go to www.escapingwallstreet.com.

Join our Passive Investor Club to access passive commercial real estate investment opportunities.

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or clicking here to listen to our previous episodes.

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Earlier this month, the ratings agency Fitch downgraded US Federal debt from AAA to AA+. Today we'll discuss the reasons why and what it may mean for real estate investors.

If you want to read Fitch's release for yourself, go here: https://www.fitchratings.com/research/sovereigns/fitch-downgrades-united-states-long-term-ratings-to-aa-from-aaa-outlook-stable-01-08-2023

Taylor actively invests in multifamily & self storage real estate. To learn about partnering in the future go to www.investwithtaylor.com

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Are you a real estate investor looking to scale your portfolio? Tune in as Michael Glaspie shares his experience scaling a portfolio of 134 units and offers vital lessons he learned. From house hacking to understanding the numbers, Michael advises looking at your business like a car manufacturing company, managing operational costs, and understanding financial statements. Plus, he shares his worst and best investments and how they shaped his overall strategy.

Aspiring real estate investors will want to experience this episode full of practical advice for managing a successful portfolio!

[00:00 - 08:19] Opening Segment

• Introducing Michael to the show
• He scaled his portfolio to over 134 units and founded an agency of 100 agents
• He teaches investors how to run their real estate like a business

[08:20 - 14:00] Understanding the Profitability of Real Estate Investing

• Real estate investors should strive not to be the smartest person in the room and hire experts to help them scale
• Having bookkeeping in place is essential, no matter what level of experience you have
• Be aware of additional costs, such as third-party property management, when looking at profitability

[14:01 - 21:30] Understanding Financial Statements

• Investopedia.com is a good source for understanding how to read financial statements
• Tax planning is essential for all investments, mainly flipping, which gets hit hard with short-term capital gains taxes
• The importance of being mindful of financial statements
• Track profit margins rather than individual dollars to be prepared for increases in property taxes and insurance

[21:31 - 25:56] The Impact of Real Estate Investing

• There is a need to increase revenue to keep the same profit margin
• A fractional CFO should be hired when generating over 100K in revenue
• CEOs are looking for a return on their investment in every decision they make

[25:57 - 30:46] Closing Segment

• Best investment: Michaels's first property, which was bought with a VA loan
• Worst investment: a wholesale assignment that led to someone being displaced and homeless.
• The most important lesson learned: it is okay to ask for help

Quotes:

"When we want to scale a company, all we're doing is we're improving efficiency." - Michael Glaspie

"I don't care what your passion is or what you envision you want to do. There's one thing in this world that can help supply and fund it all, and that's money." - Michael Glaspie

Connect with Michael!

Instagram: https://www.instagram.com/michael.s.glaspie/

YouTube: https://www.youtube.com/@michaelsglaspie

Website: www.MichaelSGlaspie.com

Invest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/

Track your rental property's finances with Stessa. Go to www.escapingwallstreet.com.

Join our Passive Investor Club to access passive commercial real estate investment opportunities.

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or clicking here to listen to our previous episodes.

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Taylor sits down with veteran self-storage investor John Manes to discuss how the current rise in interest rates has impacted the self-storage industry. John shares his story of growing up and how he used his resources to build wealth through self-storage investments. He talks about different strategies for maximizing returns for investors, such as buying existing facilities, adding value to them through renovations, and then selling them to REITs. They also discuss what a REIT looks for when they buy a property, how investors should have realistic expectations in terms of returns, and recommend changing an exit from five years to ten years if necessary.

Tune in as we explore the self-storage industry and get insights into how you can make money in it, too!

[00:00 - 08:55] Opening Segment

• Introducing John to the show
• Investor demand for self-storage has grown considerably in recent years
• John advises to attach oneself to a solid operator, not just going out and doing Wall Street deals
• Developers underestimate construction costs, expenses, lease-up time; stealing demand leads to a longer lease up time frame

[08:56 - 16:50] How to Make Money in Self Storage

• Storage is a three to five-mile radius investment
• Buy existing facilities and add value to them
• Repositioning facilities for REITs involves new office remodeling, new gates, new cameras, new lights, new HVAC units, and new paint
• Self-storage has historically had a two percent foreclosure rate
• Distress in self-storage space is not expected due to the mediocrity of operations

[16:51 - 21:55] The Best Way to Learn is to Teach Something

• Put yourself in the right room and shut up and listen
• Take notes of where your resources are in that room
• Utilize those resources and add value

[21:56 - 28:33] Closing Segment

• Best investment: a $250 jacket, which opened more conversations than he could ever imagine.

• Worst investment: an 11.97% return on investment when they were projecting 21s or 22s

• The most important lesson learned: being open with your investors and your banks

Quotes:

"If I'm the smartest person in the room, then I'm in the wrong room. Put yourself in the right room, and then shut up and listen. Take notes of where your resources are in that room. And then, utilize those resources." - John Manes

"Many developers out there have this pie-in-the-sky type of thing. We do some third-party management, so we coach people. And what I've found is that they underestimate their construction costs. They underestimate their expenses. They overestimate their lease up time." - John Manes

Connect with John!

Website: www.PinnacleStorageProperties.com

Email: john@johnmanes.com

Invest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/

Track your rental property's finances with Stessa. Go to www.escapingwallstreet.com.

Join our Passive Investor Club to access passive commercial real estate investment opportunities.

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or clicking here to listen to our previous episodes.

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Do you want to know how the pros navigate the complex world of real estate investing in retail spaces?

Dive into this episode where Robert Levy, a 30-year real estate investment industry veteran, has developed a successful strategy with his partner for investing in shopping malls and retail assets over the past seven years. Robert discusses the critical elements of their investment strategy, including due diligence, management strategies, leveraging positive leverage, pushing occupancy and rents, and creating returns from both cash flow and value improvement. He also explains how his experience during the global financial crisis has shaped his approach to debt today. Finally, he discusses the high barrier to entry of retail investments, what to look out for when assessing opportunities, and why multifamily assets are becoming more attractive.

This episode will provide an in-depth look into the world of real estate investing in retail assets and valuable lessons learned from Robert's decades of experience in the industry.

[00:00 - 08:53] Opening Segment

• Introducing Robert to the show
• Don't do anything with floating rate debt or take any interest rate risk

[08:54 - 14:23] Generating Profits Through Shopping Center Investing

• Retail investments are typically one of 4-6 bidders, while multifamily is one of 50-70
• Shopping centers are open-air, neighborhood, community centers with grocery anchors
• Shopping center allows pushing occupancy and rents and carves off out parcels for arbitrage

[14:24 - 24:34] Understanding the Supply and Demand Dynamics and Identifying Red Flags

• In suitable locations, population and income are increasing
• Tenants have a little place to go because of the economics of developing retail
• Red flags include bad credit tenants and reduced incomes
• Assess whether a tenant is a risk or an opportunity
• Analyze the cost of backfilling the space
• Price based on knowledge and assess if there is opportunity or risk

[24:35 - 31:12] Closing Segment

• Best investment: Robert's own company
• Worst investment: in oil and gas
• The most important lesson learned: think through black swan events and finance assets conservatively

Quotes:

"Debt, if used improperly, can kill businesses and especially in real estate." - Robert Levy

"Invest in what you know and who you trust and who you believe in, and you'll do well." - Robert Levy

Connect with Robert!

Website: www.lbxinvestments.com

Email: rob@lbxinvestments.com

Invest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/

Track your rental property's finances with Stessa. Go to www.escapingwallstreet.com.

Join our Passive Investor Club to access passive commercial real estate investment opportunities.

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or clicking here to listen to our previous episodes.

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From working tirelessly to mastering the real estate game, Melanie Bajorovic's journey to millionaire status at just 27 is a testament to the power of resilience, hard work, and savvy investing.

Join us as we speak to Melanie Bajorovic, a Canadian immigrant who achieved millionaire status at 27 through real estate investments. We discuss the strategies and tactics she used to become successful, such as buying detached homes for long-term holds, jumping into the commercial space with a restaurant bar, and using Airbnb for a lakefront property. She shares her experience of working hard and dedicating herself to becoming financially independent. We also discuss the importance of treating real estate investments like a business to maximize success and why student housing is not recommended due to its transitional nature and the amount of work it requires.

Listen to Melanie's story on how she went from working in a restaurant to making money in real estate investments.

[00:00 - 08:36] Opening Segment

• Introducing Melanie
• How immigrant mentality helped her have the work ethic to succeed
• She worked for 18 years for parents without pay but saved tips and wages

[08:37 - 17:49] From Working Three Jobs to Becoming a Millionaire by 27

• Melanie bought her first house at 22 years old with money saved
• Working hard and sacrificing fun activities to save money and invest in real estate
• Refinancing properties to buy more real estate and build passive income streams
• She purchased 10,000 square foot commercial property and ran it for two and a half months

[17:50 - 26:26] Long-Term Real Estate Investing Strategy to Success

• Melanie ran her business for ten years and sold it right before COVID
• Her favorite real estate investing strategy is long-term buying holds
• Treat real estate like a business and deal with issues immediately
• The importance of maintaining a good relationship with tenants

[26:27 - 31:43] Closing Segment

• Best investment: buying the first piece of real estate
• Worst investment: not vetting tenants enough
• The most important lesson learned: to have a strong will and work ethic

Quote:

"If you treat your real estate like a hobby, it will pay you like a hobby. If you treat it like a business, that's when you make the real money, and you don't miss a beat." - Melanie Bajrovic

Connect with Melanie!

Instagram: https://www.instagram.com/thewealthybarmaid/?hl=en

Facebook: https://www.facebook.com/thewealthybarmaid/

Website: https://www.melaniebajrovic.com

Invest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/

Track your rental property's finances with Stessa. Go to www.escapingwallstreet.com.

Join our Passive Investor Club to access passive commercial real estate investment opportunities.

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or clicking here to listen to our previous episodes.

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Did you know you can simultaneously be a veterinary surgeon and real estate entrepreneur?

In this episode, we speak with Jason Balara, a real estate entrepreneur and business owner who combines his two passions - veterinary surgery and real estate investing - to create successful businesses. He shares his journey of leaving his W2 job to pursue real estate opportunities and how he faced challenges when interest rates rose, resulting in a significant financial loss. Despite this setback, Jason pushed forward with the help of mentorships, techniques, and strategies. He now spends more time on real estate than he does in surgery but has built an efficient system for his veterinary practice that allows him to balance both businesses.

Tune in as Jason details how he faced adversity, learned from his mistakes, and kept growing!

[00:01 - 07:28] Opening Segment

• Introducing Jason to the show
• He combines his two passions of veterinary surgery and real estate investing
• Balancing time between multifamily syndication and veterinary surgery practice by being efficient with time

[07:29 - 15:27] Overcoming Challenges and Finding Success

• Jason built a sound support system of mentors and people who reached out to help
• He learned never to get into a position to have to do bad deals to support business

[15:28 - 23:17] A Lesson in Entrepreneurship from a Half-Million-Dollar Loss

• Jason shares how he learned the lesson of investing in a team and trusting others
• Make your vision so big that other people want to fit theirs inside it
• Combining real estate and small businesses in a fund for cash flow

[23:18 - 28:48] Closing Segment

• Best investment: the first house that Jason has bought
• Worst investment: the time he didn't use
• The most important lesson learned: work with people you want to work with

Quotes:

"I will never be at the point where we have to do deals to support the business because I don't want to do bad deals. I don't want to put investor money at risk for that reason." - Jason Balara

"Make your vision so big that other people want to fit theirs inside of it." - Jason Balara

Connect with Jason!

Email: jason@larkcapital.com

LinkedIn: https://www.linkedin.com/in/jasonbalara/

Website: https://larkcapital.com

Podcast: https://podcasts.apple.com/us/podcast/know-your-why-podcast/id1567669837

Invest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/

Track your rental property's finances with Stessa. Go to www.escapingwallstreet.com.

Join our Passive Investor Club to access passive commercial real estate investment opportunities.

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or clicking here to listen to our previous episodes.

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From the high-rise structures of corporate America to the unpredictable terrain of entrepreneurship, Kelley Thornton mastered the transition.

In this episode, Kelley Thornton, Founder & CEO at Tiege Hanley, Inc., shares his journey from corporate America to starting a business and offers insights into the skills and knowledge gained through working in a corporate environment that can be applied to business ownership. He discusses potential drawbacks, such as expecting too much structure to happen naturally rather than deliberately designing systems and processes for the business. He discusses the importance of learning from mistakes and taking risks while focusing on achievable goals.

Join us as we discuss these topics and more with Kelly Thornton!

[00:01 - 07:18] Opening Segment

• Introducing Kelley to the show
• He spent 20 years in corporate America and brought lessons learned to his business
• Real estate investors are also business owners and entrepreneurs
• The differences between working in corporate America and owning your own business
• There is no one right path for everyone

[07:19 - 14:49] How Corporate Experience Can Help a Business Owner

• The corporate world provides structure, processes, and knowledge that can be applied to business ownership
• Having experience in corporate America provides operational skills for a smaller entity
• Downsides of corporate experience include expecting structure to happen naturally rather than deliberately designing it
• Tough lessons learned in business ownership include not hiring the right people and misaligning motivation with what the business needs

[14:50 - 21:23] How to Avoid Making Bad Decisions in Your Business

• Failure is essential for success in an organization.
• Learn from mistakes and try to improve with each decision
• Fire quickly if someone is not the right fit
• Get out of the office and network to find new ideas
• Investigate what competitors are doing to stay ahead of the game

[21:24 - 26:04] Understanding DTC Businesses

• Kelley validates the philosophy of the platform through other companies analogous to ours
• Kelley shares his six-figure investment in TV advertising
• A self-funded company that believes in being profitable and capital efficient

[26:05 - 30:53] Closing Segment

• Best investment: family
• Worst investment: investing in a biotech company
• The most important lesson learned: take the long approach

Quotes:

"Entrepreneurship is a bit of a young man's or young woman's game, and the reason is because of the risk profile. As you get older, you have more responsibility, typically financial responsibility. Then your appetite for risk starts to wane a bit." - Kelley Thornton

"Failure is critical. If you want to be a successful organization, you will fail. You need to learn from that and get better." - Kelley Thornton

"Take the long approach. Nothing happens quickly." - Kelley Thornton

Connect with Kelley!

Website: www.Tiege.com

Go to www.Tiege.com/passivewealth and get a 30% discount!

Invest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/

Track your rental property's finances with Stessa. Go to www.escapingwallstreet.com.

Join our Passive Investor Club to access passive commercial real estate investment opportunities.

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or clicking here to listen to our previous episodes.

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Many high earning busy pros who want to invest in real estate aren't sure whether they want to be active or passive real estate investors, and they're not sure what questions to ask.

In this episode I'll outline the 3 top questions I believe investors should ask themselves when deciding if they want to be active or passive real estate investors.

Want to invest in a future deal? Schedule a call with us at www.investwithtaylor.com

Get our 7 Day Course, Red Flags in Passive Real Estate Investing: www.passiverealestatecourse.com 

Like, share, and subscribe! Leave a thumbs up if you enjoy the show and catch us here every Monday, Tuesday, and Thursday.

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Short-term rentals are booming, and Shawn Moore is here to share his wisdom and insights with aspiring investors!

Shawn Moore, an expert vacation rental investor with 23 years of experience in the industry, discusses the importance of market analysis when investing in real estate and how to stand out in a crowded market. Hear his experience buying a vacation home in 2006 and renting it out during the last crash, which piqued his interest in this asset class. Shawn shares his advice for creating unique experiences for potential renters, optimizing Airbnb listings, and understanding red flags when investing in short-term rentals. He also talks about how rising interest rates have impacted the vacation rental space and what investors can do to de-risk themselves.

[00:01 - 05:40] Opening Segment

• Introducing Shawn to the show
• The importance of analyzing markets and understanding if they're competitive
• Red flags that Shawn sees in vacation rental deals
• Shawn shares what it takes to be successful in the vacation rental space

[06:41 - 11:51] Optimizing Your Listing to Stand Out in Crowded Markets

• Analyze markets to determine if they are investable
• Competition is tough, and it's not just about having a great property
• Understand the target audience and customer experience to be successful
• Software tools can help, but the manual analysis is still necessary
• Optimize listing to articulate unique experience and attract guests

[11:52 - 20:36] Understanding the Market and Avoiding Chasing Returns

• Showing lifestyle photos articulate the experience of a property
• Using people in photos, but done correctly, avoid hurting the listing
• Have summer and winter photos to show what it's like in each season
• Have excellent insurance coverage for potential liabilities

[20:37 - 27:23] Higher Interest Rates in Short-Term Rentals

• Red flags in short-term rentals include trying to manage the property yourself and not using a full-service property manager
• Having a large portion of your business based on one company can be risky as they can terminate your service at any time for any reason
• Interest rates have increased, causing some businesses to reevaluate their strategies.
• Underwriting is more challenging, making specific markets and properties less investable

[27:24 - 33:02] Closing Segment

• Best investment: Shawn's first house
• Worst investment: investing in a golf course
• The most important lesson learned: pick one thing you can do today, and start building that life you don't want to take a vacation from

Quote:

"You're selling an experience, not selling a property. And that's where I think many people miss and miss. When they try to compete in these crowded markets, you're not just selling a property anymore." - Shawn Moore

Connect with Shawn!

Website: https://vodyssey.com

LinkedIn: https://www.linkedin.com/in/vodysseyshawnmoore/

Invest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/

Track your rental property's finances with Stessa. Go to www.escapingwallstreet.com.

Join our Passive Investor Club to access passive commercial real estate investment opportunities.

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or clicking here to listen to our previous episodes.

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Revolutionize the real estate industry in today's episode with Ryan Barone! Ryan shares his inspiring story, from founding RentRedi in college to leveraging customer feedback and venture capital to build a platform transforming property management. Discover the power of automation, the best and worst investments, and Ryan's vision of leaving the real estate industry better than he found it.

Tune in to hear this inspiring story of a young entrepreneur's journey to success with RentRedi!

[00:01 - 06:25] Opening Segment

• Ryan Barone is the CEO and CTO of RentRedi, a software and technology platform for landlords to run their properties efficiently
• Creating a platform that helps automate processes and generate passive income

[06:26 - 14:35] Streamlining Rent Collection and Automating Operations with RentRedi

• Automated rent collection and deposit to the proper accounts
  • Customizable late fees
  • Eliminate manual tasks
• Partnering with companies like TransUnion to give landlords economies of scale

[14:36 - 25:04] Investing in the Future: Raising Capital in the Tech Space

• Building a syndication platform that allows landlords to list their vacant units on platforms like Apartments.com, Zillow, Facebook Marketplace, and Craigslist
• Offering flexible payment options for Zillow listings so landlords can save money
• Most of Ryan's clients come from manual processes such as pen and paper and spreadsheets
• Core competency is passion and love for what they are doing

[25:05 - 31:29] Closing Segment

• Best investment: taking time to learn programming and talking to customers
• Worst investment: not investing during Brexit
• The most important lesson learned: time is your most scarce resource

Quote:

"Time is our most scarce asset, and we shouldn't spend all our time managing our properties. We need to aim to make some passive income." - Ryan Barone

Connect with Ryan!

Website: www.RentRedi.com

Invest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/

Track your rental property's finances with Stessa. Go to www.escapingwallstreet.com.

Join our Passive Investor Club to access passive commercial real estate investment opportunities.

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or clicking here to listen to our previous episodes.

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Do you want to learn how to transition from Wall Street to amassing over 230 million in real estate assets?

Join us for an episode with Corey Peterson, a successful real estate investor with over 230 million assets and ten active multifamily projects. In this episode, he shares the key lessons he's learned from his 18-year journey from Wall Street to becoming a real estate mogul, including tough lessons from failed business partnerships and how he fired all third-party property managers and started in-house property management. He emphasizes the importance of understanding wealth, investing differently from what people do in the stock market, and controlling investments. Hear about his experiences learning the business, raising other people's money, and buying his first apartment building.

Tune into this enlightening episode to gain valuable insights about real estate investing!

[00:01 - 07:48] Opening Segment

• Introducing Corey to the show
• His journey to success and the tough lessons he learned along the way

[07:49 - 16:44] Know Thy Partner: Lessons Learned from a Life-Changing Real Estate Deal

• How Corey pursued real estate investing full time
  • He started as a wholesaler and started raising other people's money
  • Bought first apartment building in Greenville, SC, and sold it for 8.8 million
• Big lesson: know thy partner and the operating agreement

[16:45 - 24:58] Being Vertically Integrated and In-house Management

• Corey takes over the property management of all his assets
• You have culture at your properties, and it's probably the culture of a third-party manager
• Focusing on profit and loss affects culture

[24:59 - 28:46] Closing Segment

• Best investment: Corey's wife
• Worst investment: bitcoin
• The most important lesson learned: not being afraid to fail

Quotes:

"There is no control. We give the illusion that we are actually under control. The reality is, it is a rollercoaster. No one knows when that roller coaster jumps off the tracks." - Corey Peterson

"A good deal solves all problems." - Corey Peterson

Connect with Corey!

Podcast: https://podcasts.apple.com/gb/podcast/multifamily-legacy-podcast/id1286705016

Get Corey's book, Copy Your Way to Success, by texting "BOOK" to 480 500 1127.

Invest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/

Track your rental property's finances with Stessa. Go to www.escapingwallstreet.com.

Join our Passive Investor Club to access passive commercial real estate investment opportunities.

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or clicking here to listen to our previous episodes.

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In this episode, Taylor welcomes Nathan Payne to share his success story as a Salt Lake City, Utah wholesaler and how he uses his "payneless wholesaling" business model to get great deals. Learn how Nathan has built relationships with buyers, created a "buy box" for efficient deal-making, leveraged a virtual assistant, and evaluated potential buyers. He also talks about the negotiation process with a buyer and seller, the impact of rising rates on the buyer pool, and his best and worst investments.

Tune in to discover the secrets behind Nathan's success and get advice on becoming an investor who can make quality deals off-market.

[00:01 - 06:59] Opening Segment

• Introducing Nathan to the show
• He talks about the painful way he used to do deals and how he now does painless wholesaling, which involves leveraging relationships with buyers
• Insights into the wholesaling world and how to tell whether a buyer is qualified or not

[07:00 - 14:47] Building Buyer Relationships with Transparency and Honesty

• Work with a virtual assistant to optimize time and focus on business rather than on it
• Find deals without spending money on mailers or paper clicks
• Analyze unreasonable expectations of buyers to determine if they are motivated

[14:48 - 22:38] Unlocking the Power of Relationships

• Utilizing relationships to find a buyer who is willing to pay 470k
• There is no need for contractual protection as the price was unrealistic
• When speaking with buyers, look for criteria like areas, type of homes, bedrooms, baths, and square footage
• Qualified buyers need to know their numbers and make sure they will make money on the deal

[22:39 - 28:57] Closing Segment

• Best investment: a property bought with seller finance for $145, now worth $320
• Worst investment: a property that couldn't be sold for 380,000 due to a market shift
• The most important lesson: quality over quantity

Quotes:

"Do less, but do better." - Nathan Payne

“Every buyer is different. Some buyers are scared, and those aren't the ones we work with. And the ones that have to place their money somewhere because they don't want to sit in their bank, those are the ones I work with." - Nathan Payne

Connect with Nathan!

Website: www.PaynelessWholesaling.com

Invest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/

Track your rental property's finances with Stessa. Go to www.escapingwallstreet.com.

Join our Passive Investor Club to access passive commercial real estate investment opportunities.

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or clicking here to listen to our previous episodes.

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Ready to break the chains of full-time employment? Dive into this episode as Savannah Arroyo, the Net Worth Nurse, unfolds her inspiring journey of escaping the 9-5 grind alongside her husband, all thanks to strategic real estate investing. She'll discuss how setting goals was critical to their success and how they pivoted from their first deal, a storage facility in Arizona, to multifamily syndications. Learn what it's like to build wealth through real estate investing and the importance of working with someone you love. Savannah will also talk about mitigating risk through market analysis, talking to property managers, and conservative underwriting.

Tune into this episode to hear about Savannah's inspiring journey!

[00:01 - 06:55] Opening Segment

• Introducing Savannah to the show
• Savannah got into nursing right out of high school and went back to school for her master's degree in leadership and administration
• Savannah and her husband started looking for alternative ways to build wealth, and how they stumbled upon real estate

[06:54 - 13:41] How to Achieve Your Real Estate Investing Goals

• Educating yourself on real estate investing through YouTube and podcasts
• Backtracking to figure out what steps were needed to reach the goal
• You can mitigate risk through education, market analysis, population growth, appreciation, etc.
• Moved into multifamily syndications for more risk mitigation by buying in bulk

[13:42 - 24:39] Finding Success in Real Estate Syndications After Investing in Coaching Program

• The importance of coaching programs to succeed in real estate
  • Raised 250,000 from friends and family for the first deal
• Savannah's first deal was 12 units up in Oregon for a million-dollar price point
• Set goals with rewards to stay motivated
• Balancing family and business time is key

[24:40 - 28:23] Closing Segment

• Best investment: buying a primary residence
• Worst investment: newly built townhomes with no cash flow
• The most important lesson learned: set goals

Quotes:

"Let's put all this extra time and effort into investing in ourselves and building our own business, our own real estate business." - Savannah Arroyo

"Setting goals not only holds you accountable, but it can also be motivation, especially when you plug in rewards. That's a hack." - Savannah Arroyo

Connect with Savannah!

Website: www.networthnurse.co

Instagram: https://www.instagram.com/thenetworthnurse/?hl=en

LinkedIn: https://www.linkedin.com/in/savannah-arroyo/

YouTube: https://www.youtube.com/channel/UCWd-RdXmvfL1yCp5ddK40mA

Twitter: https://twitter.com/networthnurse

Invest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/

Track your rental property's finances with Stessa. Go to www.escapingwallstreet.com.

Join our Passive Investor Club to access passive commercial real estate investment opportunities.

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or clicking here to listen to our previous episodes.

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Step into the world of mobile home parks with investor and industry expert Jonathan Tuttle as he navigates its evolving landscape. He discusses the evolution of the industry and the scarcity of resources due to this influx of new investors. He also discusses how local laws and zoning regulations can significantly impact profitability, as well as how having relationships with brokers and years of experience in the industry is vital for success in this space. He encourages people to be generous by authentically lining up people who can mutually benefit each other.

Tune in for valuable insight into the opportunities and challenges of investing in mobile home parks!

[00:01 - 08:34] Opening Segment

• Jonathan Tuttle has been investing in mobile home parks since 2007/2008
• He saw an opportunity for growth and appreciation in the mobile home park industry
• Jonathan shares his perspective on how things have changed for better or worse

[08:35 - 14:14] Exploring the Mobile Home Park Industry

• Mobile home parks have different tiers of quality, from Trailer Park Boys to billionaire weekend getaways
• The need for affordable housing drives the industry and has seen a surge in demand in the last 5-6 years
• Supply is limited, making it difficult for new entrants to access deals without existing relationships

[14:15 - 21:23] Uncovering the Benefits of Low Taxes and Trendy Living Spaces

• Mobile home parks are a secret goldmine, and not many people are aware of it
• Institutional money coming into this space can help with local laws and zoning change
• Private equity prefers bigger parks and mostly goes for top-tier markets

[21:24 - 30:32] Consolidation In the Mobile Home Park Industry

• Private equity investors are not as keen on bigger investments in affordable housing
• It is better to use smaller investors and put them in SPV or shell companies with multi tiers
• Finding passionate owners who take care of tenants and beautify the park is important
• Self-storage is a popular investment, with over 200,000 units in the US
• Mobile home parks have historically had the highest cap rates and best tax benefits

[30:33 - 40:28] Closing Segment

• Best investment: listening to podcasts
• Worst investment: a condo in 2006
• The most important lesson learned: adding value to people

Quotes:

"Everything takes ten times more effort than you think it would be." - Jonathan Tuttle

"Being more generous by just lining up people authentically. Whatever happens, happens. But at least you both served each other." - Jonathan Tuttle

"Always give value first. Think of how you can align your friends." - Jonathan Tuttle

Connect with Jonathan!

Website: https://jonathan-tuttle.com

Invest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/

Track your rental property's finances with Stessa. Go to www.escapingwallstreet.com.

Join our Passive Investor Club to access passive commercial real estate investment opportunities.

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or clicking here to listen to our previous episodes.

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Real estate investing is more than just property; it's a trifecta of strategy, mindset, and leverage.

Today, Taylor interviews Keith Weinhold, host of the Get Rich Education Podcast, who navigates us through the labyrinth of property investing and the strategies to survive the escalating insurance rates in Florida. He unravels the three crucial aspects that stand before property: strategy, mindset, and leveraging equity. As we navigate through rising insurance rates in Florida and remote investing, be prepared to shatter conventional wisdom, embrace the maverick within, and take away life-altering advice for your journey to wealth creation.

Tune into this episode to learn more about Keith's journey into real estate investing, strategies for dealing with insurance rates, tips for digging deeper into markets when buying from afar, and his best advice for achieving an extraordinary life!

[00:01 - 05:39] Opening Segment

• Properties are only the fourth most important thing in real estate investing
• The three things that are more important than the property in real estate investing are: strategy, mindset, and leverage
• Keith got his start in real estate with a fourplex and learned to use cash-out refinances and 1031 exchanges to grow his wealth
• The Get Rich Education podcast has been running since 2014 and is about to hit 5 million downloads

[05:40 - 15:03] Understanding Yourself and the Market

• The most important thing in real estate is understanding what you want it to do for you
• The second most important thing is the market that you purchase in
• Having a good team, especially a property manager, is vital for making investments passive
• Look at properties once you have figured out what you want and the market
• Investing outside of your home market can be beneficial for getting residual income over time
• Look for markets with advantageous landlord and tenant laws that tilt toward the landlord

[15:04 - 25:54] Dealing with Florida's Insurance Crisis: Digging Deeper into Economic Diversity and Property Management Teams

• The implications of insurance rates tripling in Florida in the past year
• Digging deeper into a remote market can be done through online forums and talking to property managers
• Tenants are responsible for the first 250 of maintenance or repair per occurrence on an item
• Single-family homes attract better tenant quality than other property types
• Third-party property inspections should be done before purchasing a property.

[25:55 - 34:48] Closing Segment

• Best investment: buying a fourplex building and leveraging other people's money in three ways
• Worst investment: holding Bitcoin with a third-party custodian
• Most important lesson: to be a well-thought-out maverick

Quotes:

"You want to abandon these old-fashioned notions of building a budget and paying down debt. That's just for normal people. We want to be over here and expand sort of a 'don't live below your means, grow your means mindset' with the most proven way to build wealth ever real estate investing." - Keith Weinhold

"Entrepreneurs are only profitable when they help others. Do you have a mission that you're proud of serving? You're not doing real estate for altruism." - Keith Weinhold

Connect with Keith!

Podcast: https://getricheducation.com/podcast/

Invest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/

Track your rental property's finances with Stessa. Go to www.escapingwallstreet.com.

Join our Passive Investor Club to access passive commercial real estate investment opportunities.

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or clicking here to listen to our previous episodes.

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Step off the 9-to-5 treadmill and shape a life of freedom through real estate investing! In this episode, Taylor welcomes Derek Clifford, a full-time digital nomad and real estate investor who left his regular 9-5 job in 2021. Derek shares his story on achieving three types of freedom through real estate investing: time, location, and financial freedom. He talks about his journey from buying single-family homes to commercial loans, joint ventures, and investing with other people's capital. Derek also reveals the digital nomad lifestyle and how remote work has become increasingly popular. He offers tips on building systems, delegating day-to-day activities, scaling up investments, hiring virtual assistants, creating passive income streams, and more.

This episode will give you insights on achieving financial freedom and developing a digital nomad lifestyle for yourselves. Tune in now!

[00:01 - 06:53] Opening Segment

• The three degrees of freedom: time, location, and financial
• Derek and his wife sold their house in the Bay Area to achieve these freedoms
• He also has a fund to raise capital for other people's properties

[06:54 - 14:18] Delegating Tasks for Success

• Started delegation process by hiring a virtual assistant to do podcast production, social media, newsletters, and financial updates
• Derek shares his top project management tools: Asana, Monday, and ClickUp
• Avoid the mistake of abdicating rather than delegating by being service-minded and considering other person's perspective

[14:19 - 24:14] Invest in Your Education and Make Smart Acquisitions Now for Maximum Profit

• Talk with your supervisors and see if there's a way to get yourself remote
• Tackle time freedom or location freedom first
• Education is always going to be something that you'll never regret
• Focus on finding a great property manager when buying properties out of state from a distance
• Build relationships with other investors and understand who they are as a person
• Know where your talents are and leverage them to partner with other people

[24:15 - 30:54] Closing Segment

• Best investment: one's spouse as they set you up for success
• Worst investment: a joint venture in Indianapolis
• The most important lesson learned: having patience

Quotes:

"If you're interested in the digital nomad lifestyle, the first step is to believe. The second step is to learn how to achieve." - Derek Clifford

"Education is always going to be something that you'll never regret. That's the gold standard. No one's going to tell you not to get educated in this business." - Derek Clifford

"If you show me a successful spouse, then I'll show you a successful person." - Derek Clifford

Connect with Derek!

Podcast: www.ElevateEquity.org/podcast

Invest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/

Track your rental property's finances with Stessa. Go to www.escapingwallstreet.com.

Join our Passive Investor Club to access passive commercial real estate investment opportunities.

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or clicking here to listen to our previous episodes.

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Angelo Christian is a successful real estate lender who has come from humble beginnings to build his own company. In this episode, Angelo will share his inspiring story of hard work, perseverance, and never giving up on his dreams - even when the Great Recession hit. He'll also discuss how regulations and lending markets have changed since then and what investors need to know to make smart investments. Angelo will also discuss the importance of having a good team consisting of an attorney, CPA, and lender to ensure successful acquisitions.

Listen to Angelo's story of success, resilience, and determination!

[00:01 - 06:13] Opening Segment

• Angelo's brief background and career
• He got into the mortgage business before the subprime crash in 2003/2004
• The industry was very aggressive, offering 100% financing and no documentation loans

[06:14 - 13:27] A Look at the Real Estate Lending Environment in Mid-2023

• Angelo's company pivoted to FHA, VA, USDA, and conventional loans
• FHA had very flexible credit requirements and allowed consumers to get loans
• His company focused on government lending and became experts in that space
• Today's real estate lending environment is not as bad as in 2008, with different underwriting standards

[13:28 - 21:31] Advice for Investors on Working with a Lender and Avoiding Pitfalls

• Banks have tightened up lending, with large haircuts to LTVs and portfolio products being mixed or sold off
• It is important to build a team of professionals (attorney, CPA, lender) that you trust and understand the business
• It is best to get a lender involved early on in the process to ensure due diligence and financing contingencies are met

[21:32 - 27:38] Closing Segment

• Best investment: investing in your own company and team
• Worst investment: trading heavily
• The most important lesson learned: understanding the value of your people

Quotes:

"If you're committed to something and you want to make it happen, you can make it happen." - Angelo Christian

"You don't want to waste time working on the wrong thing. But once you figure out the path that you're on, you've got to keep working, keep your nose to the grindstone. And that's how we survive." - Angelo Christian

Connect with Angelo!

Phone: 832 431 6331

YouTube: https://www.youtube.com/@AngeloChristianMortgage

Website: www.OfficialAngeloChristian.com

Invest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/

Track your rental property's finances with Stessa. Go to www.escapingwallstreet.com.

Join our Passive Investor Club to access passive commercial real estate investment opportunities.

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or clicking here to listen to our previous episodes.

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Get ready for a deep dive into the transformative world of lease option strategies with our guest, Shiloh Lundahl, who has used this approach to revolutionize his portfolio and lifestyle. Shiloh will discuss why he chose to switch from flipping to lease option investing and the significant tax advantages of doing so. He'll also explain how real estate investments can help meet personal goals and dreams. Lastly, he'll discuss how important it is for investors to maintain ethical practices when dealing with tenants and other stakeholders in their investments.

To learn more about real estate investment and making money on Main Street, tune into this episode now!

[00:01 - 06:55] Opening Segment

• Shiloh currently has 250 properties, including 100 units in mobile home parks and 80 units in single-family and commercial buildings
• Real estate has helped him meet personal goals and dreams, such as taking his kids on vacations and doing humanitarian aid trips

[06:56 - 11:11] Discovering the Benefits of Flipping Real Estate

• When you flip a property, it's looked at as a short-term capital gain and has to be taxed at a higher rate
• Lease with option to buy strategy allows for a lower tax bracket, and 1031 exchange can delay taxes
• Delaying taxes allows for larger amounts to be invested in deals and creates more wealth
• Lease options have changed since the coronavirus pandemic, with rates going up, becoming more savvy

[11:12 - 25:10] Creating Win-Win Situations: Lease with Option to Buy Program

• A declining lease option allows people to bring in a large down payment and buy the property at a lower price over time
• Shiloh shares how they helped dozens of people buy their own home
• Focusing on ethical decisions and alignment of incentives

[25:12 - 36:04] Opening Segment

• Best investment: a manufactured home in Apache Junction, Arizona
• Worst investment: a 100-year-old property in Casa Grande
• The most important lesson learned: investing in ethics

Quotes:

"It's important to go into real estate with a goal of what you want real estate to do for you. And then it can help get you there." - Shiloh Lundahl

"If you delay the tax, you can put a larger amount into a deal. You're able to grow your money so much quicker if you can delay the tax until later on." - Shiloh Lundahl

"It's really important that you operate ethically." - Shiloh Lundahl

Connect with Shiloh!

Website: https://www.arizonafamilytherapygroup.com/shiloh-lundahl/

LinkedIn: https://www.linkedin.com/in/shiloh-lundahl-ab211124/

Invest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/

Track your rental property's finances with Stessa. Go to www.escapingwallstreet.com.

Join our Passive Investor Club to access passive commercial real estate investment opportunities.

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or clicking here to listen to our previous episodes.

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Ever wondered how the pandemic-induced shift toward remote work could unlock new opportunities in real estate?

In this episode, Taylor welcomes Nathan Bauer and Ryan Warnken, two successful real estate entrepreneurs who have created a unique short-term rental business called TALA. They discuss the post-COVID trend of people working from home and how their business model capitalizes on that. They explain why they chose specific cities to target, what the screening process for members looks like, and how their lease agreement was designed to avoid squatting. They also discuss how they maintain quality control for their properties and keep members engaged.

Join us to learn more about this unique business and how Nathan and Ryan are making it successful!

[00:01 - 06:14] Opening Segment

• Nathan Bauer and Ryan Warnken's backgrounds in real estate and entrepreneurship
• TALA is a unique short to medium-term rental business that keeps landlords and tenants happy and generates cash flows for investors

[06:15 - 11:47] Exploring City Selection and Property Features for Elevated Home Office Experiences

• Digital Nomads are changing the face of real estate by working remotely due to Covid
• The majority of tech companies are allowing employees to work from home
• The screening process includes pay stubs, bank statements, background checks, and fitting in with the community
• Members submit an itinerary for the entire year of where they want to be per month

[11:48 - 22:54] Creating an Exclusive Living Experience: Scaling a Flexible and Structured Program for Year-Long Leases

• Offering a program where people submit their itinerary and live throughout that for the full year
• Membership agreement revokes squatting rights in agreement
• Having conversations with property owners to get them from the Airbnb arbitrage model into a membership model

[22:55 - 28:12] Closing Segment

• Best investment: marketing yourself with someone who has skill and buying a house in LA
• Worst investment: an influencer activation that didn't work out
• The most important lesson learned: relationships with business partners

Quotes:

"We're trying to create an experience where it's kind of lovely throughout the entire apartment, and you feel like you're just in an elevated experience, and you feel like you're at home at the same time."

"We're not shooting for thousands of members in year three. We're trying to keep it intimate. We want people to yearn to be in this club."

Connect with Nathan and Ryan!

Website: www.TravelandLiveAnywhere.com

Invest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/

Track your rental property's finances with Stessa. Go to www.escapingwallstreet.com.

Join our Passive Investor Club to access passive commercial real estate investment opportunities.

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or clicking here to listen to our previous episodes.

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Transform your mindset and unlock the doors to financial freedom in today's episode with Steven Pesavento! Steven shares his journey from a high-earning management consultant to achieving financial independence. Uncover the rules of living with the investor mindset, learn how to shift from scarcity to abundance, and discover how investing in yourself can be the most rewarding decision ever. He also discusses changing from a blue-collar scarcity mindset to a business mindset, where money is seen as an abundant resource that can be exchanged for value. By understanding what you want and making smart economic calculations with trust in yourself, you can take control of your finances and achieve financial freedom.

This episode offers valuable insights for anyone looking to unlock potential and live a fulfilled life.

[00:01 - 06:23] Opening Segment

• Introducing Steven to the show
• Steven shares his mindset shifts and how he achieved big things in real estate
• He built a business focused on personal growth and helping others achieve their goals
• Steven runs The Investor Mindset Show to teach people about money and investing

[06:24 - 11:31] Investing in Yourself and the Investor Mindset

• Investor mindset comes down to understanding the purpose behind earning money and investing it into assets that pay you
• Designing your life with intention and getting clear on what you want and why you want it
• Having a challenging childhood is a gift

[11:32 - 20:08] Unlocking Doors with Money

• Money is just a tool that can be used to unlock doors and help improve health
• When you go to work, the business pays you for the value they receive from your work
• Time is the most valuable resource, as it cannot be replaced once gone

[20:09 - 25:13] Get Clear on What You Want

• You should repurchase your time by investing in assets that set you up to live free of anything you want to do
• Naming your number is getting clear on how much money you need to earn to live the life you want

[25:14 - 31:08] Closing Segment

• The best investment: getting started with anything
• The worst investment: a 7,000-square-foot house that took a year and a half to sell
• The most important lesson: getting clear on what you want and the outcome you are going after

Quotes:

"We all learn to have the beliefs we have based on our life experiences." - Steven Pesavento

"Time is the most valuable resource that I have. I'm happy to invest it into things and people and businesses that are going to allow me to make a bigger impact on the world because I don't know how much time I have left." - Steven Pesavento

"The whole point of naming your number is that most people don't want to put a number on that. They don't want to acknowledge that they are putting a number on the cost or value of the quality of time they spend with their family." - Steven Pesavento

Connect with Steven!

Podcast: The Investor Mindset Podcast

Website: www.InvestorMindset.com

Instagram: https://www.instagram.com/steven.pesavento/

LinkedIn: https://www.linkedin.com/in/stevenpesavento/

Invest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/

Track your rental property's finances with Stessa. Go to www.escapingwallstreet.com.

Join our Passive Investor Club to access passive commercial real estate investment opportunities.

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or clicking here to listen to our previous episodes.

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Ever wondered how to leverage technology for real estate investing, navigate the diverse landscape of deals, and secure financing to kickstart your journey?

Jump into this episode as Drew shares his thoughts on the impact of technology on real estate investing and how it is changing how deals are done. He touches on the importance of understanding the different types of deals, such as multifamily, single-family, and commercial investments. He also talks about how to finance deals through traditional lenders and private money options. Finally, Drew provides advice on how to get started in real estate investing and some key tips for success.

Tune in to hear Drew Breneman's story and gain valuable insight into real estate investing!

[00:01 - 08:45] Opening Segment

• Drew Breneman is a successful real estate investor who started with his first deals while he was in college
• Drew began selling items online when he was a teenager and saved all the money from doing it
• He read books about investing, such as Rich Dad, Poor Dad, and Think and Grow Rich, as a 16-year-old
• He invested in stocks, mutual funds, and options before getting into real estate

[08:46 - 15:30] How Drew Scaled Up His Portfolio with Just $2M in Deals

• Drew started investing in real estate in 2005 while in college
• Focused on making sure the property was cashflow positive
• Sold the first deal for $270,000 after one year
• Bought the second property using money from refinancing both loans on the first property
• Specialized in multifamily properties in Sunbelt cities (Phoenix, Dallas, Austin)

[15:31 - 23:54] The Power of Long-Term Investing and Different Types of Education

• Raising rents will increase the value of property
• Sold first property for a profit, sold third for $780,000
• Bought fourth property for $670,000 and sold it for $1,000,022 in 2017
• Education in real estate: formal (degree), semi-formal (working for someone else), and informal (own deals)
• College is about transitioning from being a kid to an adult

[23:55 - 28:52] Closing Segment

• The best investment: a real estate deal that multiplies the money invested by four
• The worst investment: trading stocks and options in high school
• The most important lesson learned: the importance of having the right mindset

Quotes:

"Cash Flow positive. That was my number one thing; we're really making sure I had the rents estimated right and the expenses." - Drew Breneman

"In terms of education, nothing beats doing your deals. You obviously pay attention when you're an employee, but that's not your money. You're not signing on the loan, and you learn a lot more when you're making a decision." - Drew Breneman

Connect with Drew!

Podcast: Breneman Blueprint

Website: www.Breneman.com

Invest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/

Track your rental property's finances with Stessa. Go to www.escapingwallstreet.com.

Join our Passive Investor Club to access passive commercial real estate investment opportunities.

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or clicking here to listen to our previous episodes.

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AI tools are getting more and more popular these days. With its current capabilities, what is its true role in the business space?

Tune into this episode with Nelson Lynn, an expert in quantitative finance and machine learning. He discusses how machine learning is being applied to the real estate sector, from using data to build algorithms that can predict behaviors to leveraging transformers for more accurate predictions. Nelson shares his experiences in real estate investing and the importance of doing your research. He also talks about his best and worst investments, emphasizing the need for long-term horizons.

Learn more about how AI and machine learning models revolutionize the real estate industry, and get advice on making smarter investments!

[00:01 - 08:11] Opening Segment

• Introducing Nelson to the show
• He runs a real estate fund and consults data science and machine learning for commercial real estate hedge funds
• Machine learning can be applied in the real estate space and extrapolated into other industries

[08:12 - 15:54] Balancing Data with Human Experience in Real Estate

• Machine learning is becoming more popular as computing gets cheaper and more data is available
• Companies like Brookfield use data to reverse engineer algorithms to predict future problem sets on properties, not in the original data set
• Quantitative finance looks at numbers, and big companies have a lot of data to sift through
• Intuition should still be used over what the algorithm tells us

[15:55 - 24:31] Optimizing Rental Rates with Chat GPT and Transformers

• Professionally managed companies can optimize rent more than mom-and-pop landlords
• Large language models like Chat GPT are better at pattern recognition and understanding context
• These models can help analyze what the value of a building should be or how much rent can be charged
• These will not entirely replace people, but they may hire fewer people or scale up due to faster and more accurate results

[24:32 - 29:17] Closing Segment

• Best investment: Nelson's first property,
• worst investment: buying FOMO into crypto
• The most important lesson learned: do your research and go against the crowd

Quotes:

"The purpose of machine learning is not to replace humans; it's to make them do things faster." - Nelson Lin

"The only way to build large machine learning models is to need a lot of data. And so it's just like a handful of large firms who have access that are willing to share it." - Nelson Lin

Connect with Nelson!

Website: www.subtlerealestate.com

Invest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/

Track your rental property's finances with Stessa. Go to www.escapingwallstreet.com.

Join our Passive Investor Club to access passive commercial real estate investment opportunities.

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or clicking here to listen to our previous episodes.

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Real Estate Investors tend to seek 3 different types of freedom/independence, even if they don't quite realize it yet! Today we go through the 3 types freedom, strengths and weaknesses of different real estate strategies for specific types of freedom, and more.

For you it may all be about Financial Freedom. But maybe you want more! Don't forget that Location Freedom and Time Freedom may be important to you. 

Upcoming webinar registration: www.passivewealthstrategy.com/webinar

Investing with Taylor: www.investwithtaylor.com 

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Whatever industry you're in, you will always be dealing with money in one way or another.

In this episode, we look at Seth Bradley's inspiring journey from becoming a successful, prominent law attorney to a financially independent real estate investor. We explore his transition process, discuss the mindset shift necessary for him to become an entrepreneur, and gain valuable insights into the basics of investing in real estate. We also hear about the best and worst investments Seth has ever made and get advice on how to succeed in real estate investing.

This episode is perfect for those considering leaving their job to pursue a career in real estate or for those wanting to learn more about the potential benefits of making the switch. Join us as we talk to Seth about his experience and gain valuable insight into what it takes to become a successful investor!

[00:01 - 06:41] Opening Segment

• Seth shares his background and career
• Seth realized that trading time for money was not enough, and then started investing in real estate
• Invested in single-family properties, fix and flips, wholesales, etc
• How Seth got fired on New Year's Eve due to lack of time

[06:42 - 11:55] From Big Law Firm to Real Estate Investor

• Going into active real estate investing
• Partnered with sponsors to do legal work and capital raising
• Seth was always a risk-taker, so a mindset shift wasn't too difficult
• Seth's most significant Aha moment was realizing the traditional path of making a partner wasn't for him

[11:56 - 20:30] Navigating the Complexities of Real Estate Syndications

• Seth talks about the golden handcuffs of making more money, spending more money, buying a bigger house, etc.
• People in their sixties could retire, but they get addicted to the job, and it becomes part of their identity
• Adding value to teams with specialization in securities law by taking a business perspective as well as a legal perspective
• The operating Agreement is the controlling document and should be read carefully

[20:31 - 24:05] Investing in Real Estate: Things to Consider Before Taking the Plunge

• Know the voting rights, fees, distributions, and liquidity provisions before investing in a real estate syndication
• Understand if you have enough money, time, and interest to be an active investor or passively invest in real estate.

[24:06 - 28:33] Closing Segment

• Best investment: 120-unit apartment building with 2.2x return in 11 months
• Worst investment: $25,000 invested in a restaurant with a complete loss
• The most important lesson learned: Don't invest in something you don't know anything about

Quotes:

"Whatever you're doing, whether you're a doctor or a lawyer, or a teacher or a coal miner, you're still trading time for money." - Seth Bradley

"You need to ask yourself how much money you have. If you have money to invest and are highly paid w2, you can take active income and turn it into passive income. That's probably your best bet, and it doesn't take as much work." - Seth Bradley

Connect with Seth Bradley!

Website: www.SethPaulBradley.com

Invest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/

Track your rental property's finances with Stessa. Go to www.escapingwallstreet.com.

Join our Passive Investor Club to access passive commercial real estate investment opportunities.

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or clicking here to listen to our previous episodes.

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In this episode, we explore how Mark Hentemann, a Family Guy writer and producer, became an accidental landlord and a successful real estate investor. Hear how Mark went from meeting Mike Henry and Seth MacFarland to scaling up his portfolio with partners and evangelizing real estate. Mark shares his best investment in real estate and his worst investment, offering listeners valuable lessons about navigating the market during tricky times, leveraging tax advantages when selling a duplex, and finding the right people to work with.

Tune in now for an inspiring story of success!

[00:01 - 09:32] Opening Segment

• Mark Hentemann is a real estate investor, writer, and producer on Family Guy
• He has been investing in multifamily since 1999 and built a portfolio of 19 multifamily apartment complexes in LA, Austin, and Denver
• He started his career as a greeting card writer at American Greetings
• He was then offered a job writing for The Late Show with David Letterman
• After a year, his agent suggested he move to LA for more opportunities

[09:33 - 17:00] From Script Payments to Real Estate Investing

• Mark met Seth McFarland and pitched a show that Fox bought
• Bought a duplex with script payments and rented it out to Mike Henry
• Duplex increased in value from $360,500 to $1.27 million in five years
• Realized the potential of real estate investing and decided to scale up investments

[17:01 - 23:57] Leveraging Tax Advantages and Building a Real Estate Team

• Mark became an evangelist to friends and writer colleagues, encouraging them to invest in real estate
• Targeted LA, Austin, and Denver as markets for investments
• Built a team of partners and investors with complementary skills
• Striking a balance between real estate, show business, and family

[23:58 - 34:57] Closing Segment

• Best investment: real estate
• worst investment: a startup company
• The most important lesson learned: be a good partner

Quotes:

"Try to add value to other people. It'll make your experience more enjoyable, you'll make good connections, and you'll succeed." - Mark Hentemann

"That's the beauty of real estate. It hides the money you're making in a lot of ways." - Mark Hentemann

Connect with Mark!

Website: www.QuantumCapitalINC.com

Email: markhentemann@me.com

Invest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/

Track your rental property's finances with Stessa. Go to www.escapingwallstreet.com.

Join our Passive Investor Club to access passive commercial real estate investment opportunities.

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or clicking here to listen to our previous episodes.

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Eudania Burrell is here to share her inspirational story of how she got into real estate investing at the beginning of the Covid pandemic after personal tragedy struck. Join in as she discusses her experience in real estate, focusing on micro-flipping and wholesaling, targeting off-market properties, and creating win-win scenarios for everyone involved in a deal.

Whether you are a seasoned investor or just starting, this episode will provide valuable insights!

[00:01 - 06:33] Opening Segment

• Eudania is a real estate investor and wholesaler who got her start in real estate at the beginning of the Covid Pandemic
• She decided to take her real estate investing business seriously and invest in the industry, taking action and putting one foot in front of the other
• This led her to get her first deal in just a few months and scale her real estate wholesaling business and passive wealth engine

[06:14 - 12:56] How Dana Used Handwritten Postcards and Connected Investors to Succeed in Real Estate Investing

• Eudania used creative methods to save money
• She gained traction within 2-3 months of sending out postcards
• Using the Connected Investors platform to find off-market properties

[12:57 - 12:24] Growing a Family Business Through Real Estate Investing

• The importance of keeping the business in the family and growing it together
• Price isn't the only factor when dealing with sellers
• Invest money with reputable investors doing fixes and flips
• Avoid analysis paralysis by not chasing every shiny object

[22:25 - 26:00] Closing Segment

• Best investment: getting Connected Investors and investing in people
• Worst investment: following other people's advice
• The most important lesson learned: value everything that you learn and the relationships you get to build along the way

Quotes:

"Do not listen to what everybody else is telling you to do. Follow your internal compass." - Eudania Burrell

"I think so often, we have this belief that we have to have everything perfect down pat, that it all has to come naturally instead of allowing yourself to fail forward." - Eudania Burrell

"Know your worth. Value everything that you learn and value the relationships you get to build along the way." - Eudania Burrell

Connect with Eudania!

Facebook: https://www.facebook.com/eudania.burrell

Website: www.RenewMeProperties.com

Invest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/

Track your rental property's finances with Stessa. Go to www.escapingwallstreet.com.

Join our Passive Investor Club to access passive commercial real estate investment opportunities.

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or clicking here to listen to our previous episodes.

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Alexandra Nolan is a successful entrepreneur and business owner who has started and sold several businesses, helping her escape her corporate career.

In this episode, Alexandra shares her story of transitioning from corporate America to becoming a full-time successful entrepreneur. She discusses the key lessons she learned along the way, the skills needed to start and own a business successfully, and how to make intelligent decisions to grow it. Alexandra also highlights some of the mistakes she made and takeaways for real estate investors that can be applied to their businesses.

Please tune in to find out how Alexandra successfully exited her business and the strategies she used!

[00:01 - 07:16] Opening Segment

• Alexandra's background and career
• Alexandra shares how she started her own business and opened up a cosmetic boutique/women's clothing store
• Her business was not well established when she made the jump, but she took a risk and made intelligent decisions which allowed her to grow it into multiple locations and sell it seven years later

[07:17 - 15:04] Location is Everything: Achieving a Successful Exit Through Profit Cost Process

• Location is vital for success in business, especially when there is a lot of competition
• Profit Cost Process is an unconventional strategy that involves pricing for the expertise and setting aside a bonus to invest in oneself
• Allocating funds between buckets should be done by pricing slightly higher services and products

[15:05 - 23:50] Taking Risks and Building Confidence

• Alexandra shares how taking risks is a key factor in her success
• Balance what you are passionate about with what makes money
• Do research on competition, sales, and data for your new business

[23:51 - 28:53] Closing Segment

• Best investment: Investing in yourself and your future
• Worst investment: $20,000 investment in a company to do website design and SEO
• The most important lesson learned: Not all growth is good growth

Quotes:

"I'm going to be successful and grow quickly. I need to choose a location where the competition is minimal." - Alexandra Nolan

"With work-life balance, you are burning the candle at both ends, and you're not getting that little extra." - Alexandra Nolan

"Before you throw a large investment into a bucket, do your research and see if it's something that you can figure out yourself." - Alexandra Nolan

Connect with Alexandra!

Instagram: https://www.instagram.com/alexandra.nicole/

Invest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/

Track your rental property's finances with Stessa. Go to www.escapingwallstreet.com.

Join our Passive Investor Club to access passive commercial real estate investment opportunities.

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or clicking here to listen to our previous episodes.

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Take your communication skills to the next level in today's episode with Brenden Kumarasamy! Brenden discusses the importance of communication and presentation skills and how to break through limiting beliefs to communicate effectively. He dives into practical steps individuals can take to improve their communication skills, such as thinking quickly, investing time in random word exercises and question drills, and using storytelling when presenting.

Tune in for tips and tricks on becoming a better communicator, learning how to stand out from your competition, and getting motivated by hearing real-life success stories!

[00:02 - 07:48] Opening Segment

• Brenden Kumarasamy Saami shares actionable knowledge of communication skills
  • Limiting beliefs around communication can be tackled by building this
• Three most accessible balls to juggle for rapid communication mastery: eye contact, body language, facial expression

[07:49 - 13:48] How to Become an Exceptional Communicator

• The random word exercise helps us think on our feet and make sense of anything
• The goal of the exercise is to do it a hundred times and not worry about doing it well
• Stories are more memorable than facts or numbers, so start with the lesson first
• The key lesson is that anyone can become an exceptional communicator

[13:49 - 24:55] Unlocking the Keys to Success with Communication

• The three main pillars of differentiation: simplicity, practicality, and generosity
• Focus on the outcome rather than fear
• Send video messages to people who invest in properties or people in life
• The most important thing is not how good the video is but that most people don't send even one video message a year
• The best question asked: What do I do if I'm already exceptional?
• Worst question asked: What book should I read on communication?

[24:56 - 30:15] Closing Segment

• Best investment made: Refinancing mom's mortgage at a 2% interest rate
• Worst investment made: Spending time sending 50,000 cold emails to university professors
• The most important lesson learned: Stick to your zone of excellence

Quotes:

"Human beings remember stories a lot more than facts or numbers. And the way we do this is by realizing storytelling. You should always start with the lesson first." - Brenden Kumarasamy

"The philosophy's information should be free, and implementation should be the fee. Just give everything away for free." - Brenden Kumarasamy

"If you communicate 20% better than your competition, you will stand out hundred percent of the time." - Brenden Kumarasamy

Connect with Brenden!

YouTube: https://www.youtube.com/@MasterTalks

Website: www.RockStarCommunicator.com

Invest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/

Track your rental property's finances with Stessa. Go to www.escapingwallstreet.com.

Join our Passive Investor Club to access passive commercial real estate investment opportunities.

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or clicking here to listen to our previous episodes.

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Do you want to learn how to crush limiting beliefs and achieve financial freedom through multifamily? Please tune in to discover how Yosef Lee was able to break into the multifamily investing space, build his online presence, and secure 20+ deals. In this episode, Yosef shares his journey of self-education, taking action, and overcoming limiting beliefs to achieve financial freedom in five years. Learn how Yosef balances real estate investing with his professional career in New York City while leveraging virtual assistants and a 44-unit apartment in Kansas for an infinite return. He also discusses the importance of planning and time blocking to succeed in real estate investing and lessons learned from mentorships and masterminds.

Tune into this episode to find out how Yosef overcame obstacles and reached success!

[00:01 - 07:01] Opening Segment

• How Yosef stumbled upon Bigger Pockets and fell in love with multifamily investing
• Covid shutdown was a disguised blessing as it allowed complete focus on education and networking
• Yosef's goal is to become financially free within five years

[07:02 - 14:38] Breaking Limiting Beliefs and Balancing Real Estate Investing with a Busy Professional Life

• Crushing limiting beliefs as a fundamental change
• Education and surrounding yourself with like-minded people were vital to success
• Time blocking and prioritizing tasks help achieve goals
• Utilizing programs such as Asana, Notion, Active Campaign, and CRM for project management
• Incorporating virtual assistance into business around two years and a half mark

[14:39 - 23:15] How One Investor Yosef the Benefits of Multifamily Investing

• The hardest part in hiring VAs was releasing control
• Yosef shares how he found success in networking with brokers, making cold calls, and driving around properties
• Yosef talks about the partnerships he formed through Masterminds and Mentorship groups

[23:1 - 29:29] Closing Segment

• Best investment: 44-unit apartment in Kansas
• The most important lesson learned: education, networking, and actions

Quotes:

"We fear about things that we don't know." - Yosef Lee

"You have first to be able to release your control, which is the hardest part, and then slowly shift to have the VA have the authority to execute without you." - Yosef Lee

Connect with Yosef!

Instagram: https://www.instagram.com/passiveincomeattorney/

Website: https://yosefhlee.com

Invest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/

Track your rental property's finances with Stessa. Go to www.escapingwallstreet.com.

Join our Passive Investor Club to access passive commercial real estate investment opportunities.

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or clicking here to listen to our previous episodes.

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Taylor welcomes Will Matheson, an experienced real estate investor with great success in multi-family and student housing deals. Listen in as Will shares his tips for young investors on how to build their book of business, reputation, and confidence when starting. He will also discuss the differences between owning and operating student housing versus multi-family properties, what to look for when selecting a market and assessing a property, and the obstacles one might face when they are young. Finally, Will advises how to escape the Wall Street Casino and build wealth on Main Street by investing in real estate.

Tune in to hear valuable lessons from a seasoned real estate investor!

[00:01 - 06:16] Opening Segment

• Will Matheson is an experienced real estate investor who has experience in multi-family and student housing
• Management is vital in student housing as it is dependent on getting one lease cycle done quickly
• Proximity to college becomes more critical when dealing with student housing
• Parents can guarantee leases and cosign on them, enhancing credit above ABC or B-class apartments

[06:17 - 13:02] Asset Management for Long-Term Multi-Family vs. Student Housing

• Leases for student housing properties were already signed and agreements locked before Covid-19
• People go to college for a social life, which is not available if they stay at home
• When analyzing a student housing deal, one should look at supply and demand, new supply, market growth, university enrollment, proximity to campus, size of town/city, etc.
• Third-party property management is necessary for student housing due to the intensive nature of the business

[13:03 - 24:44] Overcoming Limiting Beliefs to Grow Portfolio Quickly

• Student housing requires one big turn per year with plenty of money in the bank to pay for it
• Multi-family is harder to mess up, and smaller properties are less efficient
• Start small and compound on yourself to build a track record

[24:45 - 30:31] Closing Segment

• Best investment: marriage
• Worst investment: 24-unit property in Charlotte, NC, due to Covid and rough neighborhood
• The most important lesson learned: avoid rough neighborhoods without staff and no prepayment penalties on the loan

Quotes:

"People go to the schools for the social life, which you don't get if you just stay at home. Otherwise, everyone would still be taking online classes, staying at home, saving the money." - Will Matheson

"No one cares more about your deal than you." - Will Matheson

Connect with Will!

Website: https://www.mathcap.com

LinkedIn: https://www.linkedin.com/in/will-matheson-447185185/

Invest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/

Track your rental property's finances with Stessa. Go to www.escapingwallstreet.com.

Join our Passive Investor Club to access passive commercial real estate investment opportunities.

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or clicking here to listen to our previous episodes.

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Accredited Investor status is a key factor in what types of private placement real estate syndications investors are able to participate in. We'll go through the current definition, recent changes, and changes recently passed through the House of Representatives.

Current definition: https://www.sec.gov/education/capitalraising/building-blocks/accredited-investor

House Bill 1579: https://www.congress.gov/bill/118th-congress/house-bill/1579

The proposed changes could be positive for many investors, but only time will tell!

Learn about investing with Taylor at: www.investwithtaylor.com

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Join Taylor Loht as he interviews Alan and Elena Neely, two experienced real estate investors who have achieved financial independence. Hear how they navigated the Great Recession and pivoted from active to passive investments. Plus, learn about their experiences with Multi-Family and Self-Storage investments, why they chose not to buy when everyone was buying at the peak in 2007-2008, why they decided to reposition into syndication deals in 2017, and potential capital gains tax issues. Get tips on thorough analysis and research, trusting experienced GPs, the current real estate market, and more.

Take advantage of this insightful conversation between two experienced real estate investors!

[00:01 - 07:44] Opening Segment

• How Alan and Elena Neely went from busy professionals to financially independent real estate investors
• They invested in multi-family and self-storage investments, acquired over 150 million in commercial real estate deals

[07:45 - 16:14] Navigating the Real Estate Market

• In 2007 and 2008, Alan and Elena were unable to make the numbers work when buying property
• From 2010 to 2017, they focused on building townhomes
• They changed our strategy and mindset to look at different markets and different areas

[16:15 - 23:42] Evaluating the Pros and Cons of Passive Syndication Investment

• Real estate investing and development experience can help in evaluating a passive syndication investment
• Quality of communication styles, amount of information about the deal, and how lenders and property management companies vote it are essential considerations
• Syndications own 10% of all apartments, and half of those people signed bridge loans that may not have been ideal

[23:43 - 30:34] Closing Segment

• Best investment: a condo in Hawaii which was achieved in 5 years instead of 10
• Worst investment: a ridiculously cheap property bought from a bank
• The most important lesson learned: it's all about relationships

Quotes:

"It's all about relationships. It's never about money; it's never about returns; it's never about a number of units. It all comes down to building long-term relationships." - Elena Neely

"If you don't make your money work for you, you'll be working for your money until the day you die." - Elena Neely

"Over analysis leads to paralysis." - Alan Neely

Connect with Alan and Elena!

Website: https://www.amygibbs.watsonrealtycorp.com

Instagram: https://www.instagram.com/amygibbsrealtor/

Facebook: https://www.facebook.com/AmyGibbsRealtor

Invest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/

Track your rental property's finances with Stessa. Go to www.escapingwallstreet.com.

Join our Passive Investor Club to access passive commercial real estate investment opportunities.

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or clicking here to listen to our previous episodes.

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Whatever the environment or the situation is, weeds can still thrive and survive. The same can be done in business through leveraging advantages.

Stu Heinecke is an expert on leveraging advantages and relationships to grow businesses rapidly. Learn about unfair benefits, repeatable processes, building teams and systems, having a fierce mindset, using a collective scale, following an old approach that can quickly adapt, and dealing with what is right. The conversation also covers how to take advantage of disruptions and cultivate unfair advantages during times of difficulty. In addition, Stu discusses the example of weeds thriving in the disrupted ground as a comparison for businesses that take advantage of these times to grow and expand. Furthermore, he explains the importance of location in real estate deals and other business forms.

Tune in to get inspired by this conversation about growing your business like a weed!

[00:01 - 08:39] Opening Segment

• Stu Heinecke is a successful author and cartoonist with a wealth of knowledge
• Weeds have a model that can be applied to our businesses
  • Fierce mindset and unfair advantages against collective scale
• The importance of dealing with what is right and not being consumed by emotions

[08:40 - 15:21] Thriving in Disrupted Ground: How to Prepare Your Mindset for Opportunities During Recessions and Pandemics

• Weeds thrive best in the disrupted ground and use unfair competitive advantages to take over
• Recessions should be seen as a time of opportunity rather than fear
• Location, cost, and convenience are all unfair advantages in real estate

[15:22 - 26:52] A Look at the Unfair Advantages of Real Estate Investing and Collaboration

• Collaboration is vital in business success, with the weeds telling us to team up with the smartest people as fast as possible
• In the real estate investing industry, collaboration is more open than in other industries
• The best investments are not only in terms of money but also time, attention, focus, and writing books
• Creating unique collaborations with other business authors and founders has been beneficial for all parties involved

[26:53 - 34:30] Closing Segment

• Best investment: leveraging relationships and creating collaborations
• Worst investment: financially investing in printing equipment and taking on tasks that should be delegated
• The most important lesson: don't be afraid to fail; use it as a tool to learn and create unfair advantages

Quotes:

"Sales is not growth. Sales are fuel for growth, but it's not growth, and it's not a strategy for growth." - Stu Heinecke

"Don't be afraid to fail. Use failure as a tool to learn and teach yourself something completely new." - Stu Heinecke

"All of you in your market have various unfair advantages. When you collaborate with someone, you can leverage those unfair advantages together. We're leveraging relationships, and those relationships are tied to unfair advantages." - Stu Heinecke

Connect with Stu!

LinkedIn: https://www.linkedin.com/in/stuheinecke/

Book: https://www.amazon.com/Grow-Your-Business-Like-Weed/dp/1632651998

Invest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/

Track your rental property's finances with Stessa. Go to www.escapingwallstreet.com.

Join our Passive Investor Club to access passive commercial real estate investment opportunities.

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or clicking here to listen to our previous episodes.

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Discover the benefits of seller financing in today's episode with Jeff Stephens! Jeff explains why seller financing is an attractive option for buyers and sellers regarding real estate transactions. He covers how sellers can use it to avoid paying capital gains taxes and how buyers can acquire properties without securing a loan from a third party. Jeff also discusses his experience teaching his students how to effectively approach sellers about seller financing and understand their needs to propose a solution. He emphasizes the importance of taking a relationship-based approach without intermediaries, playing the role of detective and sponge, and having a practical proposal framework. Jeff shares advice on handling payment of property taxes and talks about the competition when presenting products like seller financing in the market.

Tune in for valuable insights from Jeff Stephens on seller financing that will help you make informed decisions when considering this type of transaction.

[00:02 - 09:01] Opening Segment

• Introducing Jeff to the show
• Seller financing is when an investor pays the previous owner rather than getting a loan from an outside entity
• Sellers may choose to finance a property to an investor when it is in their best interest
• Reasons include avoiding capital gains tax and having more control over the sale of their property

[09:02 - 14:38] Seller Financing: A Solution to Capital Gains Tax for Rental Property Owners

• An installment sale is a great way to break up the pain of capital gains tax over time
• Capital gains tax is a huge factor to consider when selling rental property
• Receptivity to seller financing depends on how the conversation is unpacked
• When looking for properties with seller financing, focus on the person who is fit for it

[13:39 - 22:04] Understanding the Seller's Goals

• A relationship-oriented approach is best for seller financing conversations
• This be done on any size property, but best for regular people who own their property
• Start the conversation by playing the role of detective and sponge, taking in lots of information
• Confirm goals and make sure there's nothing else to consider

[22:05 - 28:32] Positioning Yourself as a Peer

• Take into consideration other financial goals and maturity dates
• Jeff discusses balloon payments and extending the term
• Sellers care if you've done seller finance deals before but don't mention it in the first few minutes
• Seller financing loan is not applied for; it's auditioned for
• The seller will decide based on emotional and logical factors

[28:33 - 36:04] Closing Segment

• Best investment: a flip with a great property and a fantastic loan
• Worst investment: a flip where the property looked like it was on a busy street but wasn't.
• The most important lesson learned: remember that products don't exist in a vacuum; they exist in a field of alternatives

Quotes:

"It's a conversation that is educating them, but not under the headline of 'let me educate you.' It's more about like, 'here's what my thought process is." - Jeff Stephens

"I must remember that my property and product don't exist in a vacuum. It exists in a field of other things that other people would consider to be alternative." - Jeff Stephens

"We want to know that we're going fishing in a pond stocked with the type of fish we'd like to catch, right? The seller financing." - Jeff Stephens

Connect with Jeff!

Podcast: Racking Up Rentals

Facebook: https://www.facebook.com/thoughtfulre

Invest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/

Track your rental property's finances with Stessa. Go to www.escapingwallstreet.com.

Join our Passive Investor Club to access passive commercial real estate investment opportunities.

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or clicking here to listen to our previous episodes.

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On this episode, Taylor Loht and guest Steve Arneson discuss actionable guidance for introverted people who want to be successful in real estate investing. They explore the importance of networking in real estate investment and how to do so, even as an introvert, effectively. Steve shares his own experience of success investing in real estate using confidence and delivery when introducing yourself, educating yourself in sales and public speaking, following the four Cs of communication (clean, clear, consistent, and concise), strategically using business cards, making investments with an understanding of the market cycle, and nurturing extraordinary relationships.

[00:01 - 07:43] Opening Segment

• Welcoming Steve to the show
• Real estate is a network and people-heavy business, which can be difficult for introverted people
• Steve shares some actionable tips to build a level of comfort over time

[07:44 - 13:55] From Introvert to Extrovert: How to Network Effectively and Find Success in Real Estate Investing

• How learning what other people are doing can help
• The importance of gathering up the courage to walk up to a smiling group of people
• Steve’s tips for a meaningful conversation
  • Having an intention before walking in the door
  • Setting expectations for yourself before networking
  • Fishing for prospects in the right pond
  • Having a good access strategy and conversation
  • Having an exit strategy for conversations

[13:56 - 24:49] Tips for Building and Nurturing Extraordinary Relationships

• Following up is vital in business and sales
• Have fun with conversations because people appreciate creativity and authenticity
• If you are unsure of the dress code, it's better to overdress
• Avoid profanity in video messages
• Check for hygiene and appearance before networking
• Don't bring business cards to initiate a conversation

[24:50 - 30:35] Closing Segment

• Best investment: 5plex bought for 900 with 200K put into it, now worth 1M and making 100K/year
• Worst investment: development project opened up sales for the entire building before cost escalation
• The most important lesson learned: operating your own business is the best and fastest way to go through personal development

Quotes:

"Drop your pride and ego. It's okay to feel vulnerable in those new spaces. That's common for everybody in a new uncomfortable space." - Steve Arneson

"It's all about the confidence and the delivery in it." - Steve Arneson

Connect with Steve!

Instagram: https://www.instagram.com/steve_arneson/

Invest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/

Track your rental property's finances with Stessa. Go to www.escapingwallstreet.com.

Join our Passive Investor Club to access passive commercial real estate investment opportunities.

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or clicking here to listen to our previous episodes.

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Join us as we talk to Forrest McGhee, a successful real estate investor who has been self-employed for 16 years and investing in real estate for the past nine years. Forrest shares his strategies for doing deals, focusing on what matters most to the other party in the transactions and how to benefit them while growing his reputation as a well-regarded real estate investor. He discusses the importance of having a professional team and systems in place to remain competitive in today's highly competitive market, effective marketing that can be converted into workable deals, being involved with masterminds and communities that can help to strengthen a business, and the importance of having a lawyer on their side.

Tune in now to learn valuable insights from Forrest's experience as an experienced real estate investor.

[00:01 - 07:31] Opening Segment

• Introducing Forrest to the show
• He shares his experience of operating a profitable real estate transaction business in today's highly competitive market
• His company CVA Homes LLC has been doing real estate since 2014, and they are a direct-to-seller home solution provider

[07:32 - 13:28] How to Stand Out in a Highly Competitive Real Estate Market

• The importance of focusing on benefiting the sellers and solving their problem
• Higher level of professionalism in the business
• Getting better with marketing and training the sales team

[13:29 - 24:39] Forrest's First Deal and Lessons Learned

• How delegating tasks to others can save time
• Business is like a sports team: they need to be willing to upgrade
• The importance of understanding dollars and cents when investing in real estate
• Holding costs, bad decision costs, and acquisition costs all need to be taken into account

[24:40 - 31:43] Closing Segment

• Best investment: investment of time with Forrest's wife
• Worst investment: buying his primary residence in Woodbridge
• The most important lesson learned: don't stop

Quotes:

"Business is to win. And if that person isn't performing, it's your duty. It's your business to find somebody that will." - Forrest McGhee

"As a contractor, you don't have one boss. You have 20 bosses or 30 bosses." - Forrest McGhee

"You're either going to learn with your money, or you're going learn with your time." - Forrest McGhee

Connect with Forrest!

Website: www.ForrestMcGhee.com

Invest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/

Track your rental property's finances with Stessa. Go to www.escapingwallstreet.com.

Join our Passive Investor Club to access passive commercial real estate investment opportunities.

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or clicking here to listen to our previous episodes.

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Do you want to have a deeper understanding of multifamily insurance rates? If so, then this episode is for you!

J.T. Lynch is an industry veteran and leader in multifamily real estate insurance. In this episode, he discusses why insurance premiums have been rising in many Gulf States and other areas and principles for mitigating risk when investing in multifamily properties. Gain valuable insights into the issue of increasing insurance premiums for multifamily housings in Florida – what has caused a lack of competition and increased construction cost – and how to plan by understanding your policy, deductibles, and property age/location. Learn about different types of insurance, such as wind and hail coverage, flood zones, and umbrella policies, and discover why relationships are so meaningful in business and investing.

Get expert advice on handling multifamily real estate investments while minimizing risk through proper insurance planning by tuning in!

[00:01 - 06:58] Opening Segment

• Introducing J.T. to the show
• Insurance rates have been going up due to natural calamities
• Litigation laws in Florida make it easier for attorneys to get more out of each claim

[06:59 - 14:11] What Investors Need to Know When It Comes to High Insurance Rates

• Capitalism works, but lack of competition can lead to increased premiums
• The increased cost of construction and inflation are also contributing factors
• Insurance is an essential part of life and should not be overlooked
• Passive investors should check underwriting to make sure insurance rates are correct

[14:12 - 22:47] Understanding Your Insurance Policy: Avoiding Unforeseen Costs

• Location, age, and details of the property can make insurance challenging
• The importance of being aware of natural disasters in the area
• Be mindful of high-crime areas and increase security measures for tenants
• Lenders require flood insurance if you are in a 100-year flood zone

[22:48 - 28:01] Closing Segment

• Best investment: take time to find the right fit for a job
• Worst investment: an IRA due to losses last year
• The most important lesson learned: relationships are key
• Connect with J.T. through the links below

Quotes:

"Insurance is not the sexy thing to talk about, but a necessary evil for sure." - J.T. Lynch

Connect with J.T.!

Email: jtlynch@rameyking.com

Invest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/

Track your rental property's finances with Stessa. Go to www.escapingwallstreet.com.

Join our Passive Investor Club to access passive commercial real estate investment opportunities.

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or clicking here to listen to our previous episodes.

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Joe Riley, the founder of Patriot Family Homes, joins Taylor Loht to discuss his journey from military veteran to successful short-term rental investor. Joe talks about how he got started in real estate investing by accident and how he and his wife built their teams and systems while he was actively deployed overseas. He shares his strategy for investing in more affordable homes and markets to yield higher cash flow returns. They also cover topics such as understanding the rental revenue potential relative to the cost of buying homes, sources of tenant demand, the job market, macroeconomic climate, regulatory framework, and home price appreciation. Joe provides insights into how to appeal to construction crews as tenants, the importance of remote team management, historical context when ramping up quickly in a new environment, regulations, cash flow considerations, and seasonal changes.

This episode is packed with valuable advice for investors looking to follow in Joe's footsteps and create successful businesses!

[00:01 - 06:02] Opening Segment

• Joe's background and career
• He and his wife built their teams and systems while he was in the military overseas, actively deployed
• They focus on run-of-the-mill homes and towns for run-of-the-mill folks
• They specialize in transitioning traditional long-term rentals into more short-term rentals

[06:03 - 11:36] Achieving Passive Income Through Run-of-the-Mill Homes and Markets

• Allow people to achieve passive income objectives with higher cash-flowing use cases for single-family rentals in the short-term rental context
• Strategy is targeted towards run-of-the-mill properties and run-of-the-mill areas
• Focus on a cash flow-based model, looking at rental revenue potential divided by average home value
• Assess markets based on sources of demand, stability, job market, macroeconomic climate, and regulatory framework
• Quantify demand drivers using third-party data sources and look for communities with high turnover

[11:37 - 16:28] Patriot Family Homes: Building Teams, Systems, and a Mission-Focused Business

• Construction crews are a likely tenants in certain properties
• Funerals are the number one reason people stay with Patriot Family Homes
• Amenities for construction crew tenants focus on parking and beds/heads
• Utility-style product focuses on durability and functionality rather than style
• The importance of valuing passion, family, and hard work in a company

[16:29 - 22:12] Pros and Cons of Short-Term Rental Investing for Military Families

• Always underestimate the importance of historical context and overestimate how quickly people can ramp up in that environment
• The military is not the most entrepreneurial enterprise, but military spouses are some of the most entrepreneurial people
• Short-term rentals have better cash flow, but higher upfront costs and more unpredictable cash flow

[22:13 - 26:33] Closing Segment

• Best investment: buying Joe and his wife's first house
• Worst investment: trading Joe's stock portfolio
• The most important lesson learned: if you got good people that you trust, motivate, and train, they'll make you successful

Quotes:

"God works things out in interesting ways." - Joe Riley

"We don't give people jobs; we give people missions." - Joe Riley

Connect with Joe!

Website: www.PatriotFamilyHomes.com

Invest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/

Track your rental property's finances with Stessa. Go to www.escapingwallstreet.com.

Join our Passive Investor Club to access passive commercial real estate investment opportunities.

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or clicking here to listen to our previous episodes.

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Jay London, a former cop, reveals how he created financial independence through real estate investing. He shares his journey of getting started in rental properties and flips, gradually building up to development and self-storage investing. Jay offers excellent lessons on how to get started in real estate investing, scaling up, managing time and money, and achieving financial independence. He provides valuable advice for those just starting, such as investing in VA foreclosures due to the lack of bank lending before the subprime error, living off one's calendar and time blocking their day, and reading his book Stop Chasing Paychecks. He also details his experience in buying houses, flipping them, building two of their projects, discovering syndication and self-storage investments, and almost making a million-dollar mistake before learning more about the self-storage industry leading to their current success.

Tune into this podcast episode for an inspiring conversation about creating wealth through real estate investment!

[00:01 - 06:02] Opening Segment

• Jay London shares his background and career
• Jay started by buying a house, renting it out, and learning about flipping houses
• How Jay got into home building and self-storage investing

[06:03 - 13:14] How a $3 Million Mistake Led to Investing in Self-Storage

• Jay bought his first house and owned 21 rented houses at one time, and flipped 30 homes a year until the market changed
• Venturing into new construction and commercial projects
• Jay bought a self-storage unit, which led to buying more self-storage units
• Developing self-storage units due to high cap rates and cash in the market

[13:15 - 20:58] Wealthy Real Estate Investors Think Differently About Time and Money

• Sacrificing time in the early years is essential, as you can't buy more of it
• Live off your calendar and time block your day to maximize productivity
• People get rich in both up and down markets by educating themselves and waiting for good deals
• Look for ways to create value when investing in self-storage, such as raising rents or adding amenities
• Automation of self-storage facilities is now possible, allowing for easier management

[20:59 - 25:24] The Power of Commercial Property

• Self-storage is like mailbox money on the first of the month
• Underwrite 100 deals before getting one that works
• Raise rent in wintertime when people are less likely to move

[25:25 - 29:57] Closing Segment

• Best investment: first commercial property
• Worst investment: cannabis business
• The most important lesson learned: Surround yourself with people that are smarter than you

Quotes:

"Live off your calendar. Time block your day, and when it's time to go home and see the family, go home. You're going to be able to make that money tomorrow. You're going to be able to make it next week. There's always going to be an opportunity if you educate yourself properly." - Jay London

"I don't always remember how I made money, but I never forget how I lost money." - Jay London

"You can't just go in and raise rents without doing something to a property. You got to do what you got to do to justify your rent raise, to get it to the market value." - Jay London

"Commercial is where the wealth is built. It took me 20 years to figure that out." - Jay London

Connect with Jay London!

Website: https://www.londonequityholdings.com

Facebook: https://www.facebook.com/jaylondonoklahoma

Invest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/

Track your rental property's finances with Stessa. Go to www.escapingwallstreet.com.

Join our Passive Investor Club to access passive commercial real estate investment opportunities.

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or clicking here to listen to our previous episodes.

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In this episode, Dallon Schultz discusses his journey into real estate investing and how he started one of his most significant real estate investing meetups. He shares the mistakes and lessons he learned from building and running the event and also reveals how he got Robert Kiyosaki to attend one of their events. Additionally, Dallon offers excellent tips on what it takes to run a successful meetup and financial advice on charging for tickets and arranging sponsorships. He also explains why charging for tickets helps attract more experienced people who understand the value of attending such an event.

Tune in to this insightful episode to learn more about how to build a successful real estate meetup from scratch and benefit from Dallon's wise investments!

[00:01 - 07:28] Opening Segment

• Dallon Schultz talks about how he built a local real estate investing meetup that became the biggest in his state
• The implications of having Robert Kiyosaki as an attendee

[07:29 - 15:29] How Rev Used a Meetup to Grow Their Network and Increase Attendee Quality

• Dallon invited guest speakers to the event to provide more benefits and exposure
• Moving the venue to a more excellent restaurant and charging $10 per ticket
• These increased attendance and quality of attendees

[15:30 - 24:48] Robert Kiyosaki's Inspiring Visit to a Real Estate Meetup

• Dallon shares when Robert Kiyosaki visited one of his events
• The meetup was started to provide value and get around people who thought similarly

[24:49 - 34:13] Closing Segment

• Best investment: development deal that was sold for more than twice the cost in 14 months
• Worst investment: house flip that took 4-6 months and broke even
• The most important lesson learned: building your network

Quotes:

"I prefer live events. Even though I wouldn't consider myself an extrovert, I enjoy networking events and connecting with like-minded people." - Dallon Schultz

"If people don't see the value in your events, then they're probably not the ones you want there in the first place." - Dallon Schultz

Connect with Dallon!

Instagram: https://www.instagram.com/revmultifamily/

Website: www.InvestwithRev.com

Invest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/

Track your rental property's finances with Stessa. Go to www.escapingwallstreet.com.

Join our Passive Investor Club to access passive commercial real estate investment opportunities.

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or clicking here to listen to our previous episodes.

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Whitney Elkins-Hutten, a successful real estate investor who has transitioned from active to passive investing, discusses car wash investing and how it can be a great asset class for investors. She shares her journey from being an accidental rental property owner to building wealth through rentals and flipping properties. Additionally, she talks about depreciation and paper losses for passive real estate investors and how cash flow can benefit those who invest in car washes. Finally, she touches on topics such as mitigating expenses by updating equipment to save energy and money, using technology to pre-program subscription models, the potential of tax benefits when investing passively in a car wash, and how the market analysis should be done to determine potential supply and demand.

Tune in now to learn more about car wash investing from Whitney Elkins-Hutten!

[00:01 - 05:44] Opening Segment

• Whitney Elkins-Hutten is a successful real estate investor and a director of Investor Education
• She started in real estate by accident in 2002 when she bought a house with a significant other
• She and her husband have 6,500 residential units, 2200 self-storage units, and seven express car washes

[05:45 - 11:02] Unlocking the Potential of Car Washes: Cash Flow, Equity, Tax Benefits, and More

• There are four different types of car washes that you can invest in DIY cement bay, tunnel wash, flex service wash, and full-service wash
• Car washes are becoming more popular as an investment avenue due to tighter markets and rising interest rates
• Third-party management is needed for larger private equity groups and IPOs
• Cash flow increased through a monthly subscription model
• Equity leveraged by increasing income and adding additional streams of income

[11:03 - 17:09] Lowering Expenses and Increasing Income Through Technology: A Look at Car Wash Market Analysis

• Updating equipment and water reclamation systems to reduce expenses and be more environmentally friendly
• Modulating the tunnel for electricity and water usage
• Capturing customer information to market upgrade specials, share with family/friends
• The tax benefits of investing passively in a carwash

[17:10 - 23:10] Water Reclamation Systems and More Efficient Equipment

• Cost of water mitigation through efficient equipment
• Market analysis criteria such as population growth, income growth, job growth, traffic count, etc
• Water allocation to businesses versus residential

[23:11 - 28:29] Closing Segment

• Best investment: Mindset
• Worst investment: not thoroughly vetting an operator
• The most important lesson learned: not taking yourself too seriously

Quotes:

"Everybody says to start with why." - Whitney Elkins-Hutten

"There's multiple oil change places and lube facilities in town. Now with car washes, this is where we think it's fascinating because as the potential moves toward more electric cars, we'll see many of those facilities go away. But guess what? Electric cars still have to be washed." - Whitney Elkins-Hutten

Connect with Whitney!

www.PassiveInvestingwithWhitney.com

Invest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/

Track your rental property's finances with Stessa. Go to www.escapingwallstreet.com.

Join our Passive Investor Club to access passive commercial real estate investment opportunities.

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or clicking here to listen to our previous episodes.

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Pete Reese has been in the real estate industry for almost two decades and is now sharing his experience with land flipping. Join us as Pete discusses how he buys properties off-market, adds value, and resells them quickly to double his money after commissions and closing costs. He talks about the advantages of partnering with passive investors who put up money to buy the property and split the profits, as well as the potential opportunities to develop rural properties into solar farms or wind farms with incentives and tax benefits. Pete also shares insights on mistakes he has made in the past, such as keeping a team member who didn't fit in and how consistency is vital for any investor.

Take advantage of this thought-provoking discussion on land flipping!

[00:01 - 06:10] Opening Segment

• Pete has been in real estate since 2002 and got his broker's license in 2006
• Land flipping involves buying properties and holding them for a short amount of time before reselling them
• The value is added by finding deals that are not as liquid as other assets, such as single-family homes

[06:11 - 14:11] Generating Passive Income Through Land Flipping

• Buying properties off-market and reselling them at a price slightly below market
• Buying more significant properties and splitting them up into smaller ones to resell individually
• Land flipping business is mainly about active income with no benefits or long-term capital gains
• Passive investors can partner with land flippers to buy properties and split profits
• Gas rights, mineral rights, and timber investments may be involved

[14:12 - 24:40] Building a Team for Success in the Land Business

• Opportunity to buy rural property, hire engineering firm, and resell it for premium.
• Sending out 50,000 letters a month offering to purchase properties
• How Pete built out a team of acquisition managers, lead/due diligence managers, property analysts, list managers, asset managers, transaction managers, & executive assistants
• Pete's mistakes made in building a team
• Real estate experience helps but is not necessary for specific roles

[24:41 - 29:35] Closing Segment

• Best investment: a 40-acre property sold for 175K after three weeks
• Worst investment: not investing in real estate during the 2007 crash
• The most important lesson learned: consistency

Quotes:

"It's all about consistency for us. It's about making sure. The leads are coming in consistently, and I can control that by sending out the mail. I send out 50,000 letters a month, and it's like clockwork." - Pete Reese

"I'm just kind of a big believer in the asset class itself because I feel like, especially in the inflationary environment that we're in, the land is kind of the ultimate asset, and in theory, it should rise in price." - Pete Reese

Connect with Pete!

Website: www.TurningProfit.com

Invest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/

Track your rental property's finances with Stessa. Go to www.escapingwallstreet.com.

Join our Passive Investor Club to access passive commercial real estate investment opportunities.

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or clicking here to listen to our previous episodes.

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Taylor shares the #1 lesson that helped him scale his real estate business. This is the lesson that will not only help you get more out of your real estate, but also get more out of life and focus on the things that really matter.

Taylor's implementation of this lesson helped set up 2023 to be his biggest year ever. This lesson helped 2022 beat 2021, and with more big things on the way.

You'll learn:

• The key insight that makes this lesson important
• How to implement this lesson in your business
• The positive impact it'll have on your life
• The key that really makes this all so important. Getting the most out of your most scarce asset.

Investing with Taylor: www.investwithtaylor.com

Get our 7 Day Course: www.passiverealestatecourse.com

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Join us on this episode as Sean Thomson shares his framework and rubric for best-in-class asset management in multifamily real estate investing. We'll explore the importance of having an asset management plan and how sponsors and passive investors can vet whether or not their sponsors have the right experience and goals. Sean will offer advice on understanding everyone's role, setting objectives, evaluating risks, developing strategies, creating accountability structures with clear lines of communication, and more. He will also explain why mistakes can be hidden in a booming market but become more apparent when the market is not so good.

Tune in to gain valuable insights from Sean on how to create a best-in-class asset management strategy!

[00:01 - 06:54] Opening Segment

• Sean Thomson started in real estate 12-13 years ago and transitioned from single-family to multifamily
• Sean created a framework for best-in-class asset management, what sponsors should do in their asset management plans, and what passive investors can look for
• He created a platform for excellent processes and systems for asset management to help those struggling with it

[06:55 - 11:55] Uncovering the Secrets of Best-in-Class Asset Management

• Asset management is essential for real estate investments, especially when the market isn't perfect
• The goal of an asset manager is to optimize the upside and mitigate the downside of an investment
• Communication is vital for successful asset management, as well as understanding roles and creating accountability
• Third-party asset managers are often called in when things are not going well

[11:56 - 16:45] The Difference Between Property Management and Asset Management

• How a history of a murder could narrow down the options for buyers
• It's essential to have an asset management plan before taking over a property
• The mission is your destination, and the vision is the path to get there
• Asset management oversees the overall business plan
• Property management is essential for successful operations in large multifamily

[16:46 - 25:41] Tips for Passive Investors on Asset Management Plans

• Lousy property management is often an asset management problem
• Owners often put pressure on property management companies to do things that are not in their wheelhouse
• Property management needs money, decisions, and guidance from the owner to do their job properly
• Vetting the property manager is important to ensure they have a clear plan and accountability
• Passive investors should expect regular communication, reports, and updates from their sponsor

[25:42 - 31:24] Closing Segment

• Best investment: often the ones that are not made
• Worst investment: buying a house on a busy street that took a year to sell
• The most important lesson learned: the key to being successful is striving to be as good as you can be every day

Quotes:

"My daily focus is to be as good as I can be today. And to serve my investors, serve my community, serve my family. That's my goal in life, just in general, is to be as good as I can be." - Sean Thomson

"Good market will hide mistakes in asset management." - Sean Thomson

"Making good decisions sometimes hurts the investor in the short term, but it's the best long-term decision." - Sean Thomson

Connect with Sean!

Website: www.ThomsonMultifamilyGroup.com

Invest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/

Track your rental property's finances with Stessa. Go to www.escapingwallstreet.com.

Join our Passive Investor Club to access passive commercial real estate investment opportunities.

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or clicking here to listen to our previous episodes.

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Join us on this episode as we chat with Ray Heimann, a real estate investor specializing in multi-family properties in the lower middle market. We'll discuss how his investment strategy is based on understanding the market at a block-by-block level, analyzing median income and other factors before buying and renovating properties to add value and package them into portfolios for sale to institutional investors. We'll learn about the two components of investing: value-add through renovations and rolling up portfolios. We'll also explore the difference between local and Wall Street investors, including what they look for in an investment and how Exit Co. bridges the gap between them.

[00:01 - 06:05] Opening Segment

• Introducing Ray to the show
• Adding value through renovations and packaging them into portfolios for institutional buyers
• Economies of scale achieved through group purchasing and using tech
• Understanding the different sub-markets by analyzing block by block and neighborhood by neighborhood
• The soft side of understanding the market involves walking it, talking to brokers, and being constantly in touch with it

[06:06 - 13:28] Understanding Wall Street's Appetite for Real Estate Portfolios

• Spend a lot of time in the market to understand it and pick the right submarkets
• Target tenants with household incomes of 80-120K per year
• Value add through renovations and portfolio exit
• Renovations increase value from 100 to 150-170$/sqft
• Portfolio exit increases the value to 240-270$/sqft
• Exit strategies include Wall Street investors, private equity funds, multi-family offices, international investment funds

[13:29 - 19:39] Bridging the Gap Between Wall Street and Main Street Real Estate Investors

• Arbitrage between interest rates and yields is key
• Exit strategies include bundling properties into portfolios and offering exits across markets with similar themes
• Local investors don't think about cash flow the same way as Wall Street investors
• The acquisition strategy is 60-70% off the market, reaching out to sellers directly through omnichannel methods

[19:40 - 25:59] Investing Wisely: Understanding Assets to Avoid Making Bad Investments

• Sweet Spot is a 6-8 unit apartment building, often inherited or not managed well.
• Offering deals without broker fees and can transact quickly and off-market
• Hitting higher cap rates than ever before due to recession fears
• The exit cap rate has not changed much, and we still hit our typical return

[25:30 - 31:38] Closing Segment

• Best investment: team, apprenticeship, and training them for success
• Worst investment: not understanding what was being invested in, overly complex, and getting bit in the rear end by it
• The most important lesson learned: finding out what you're good at and what you like and doing that thing and then finding out what you're bad at and what you don't like and filling in the gaps with something or someone

Quotes:

"You have to understand it. You have to walk it; you have to talk to brokers. You have to be in touch with that market to get there constantly." - Ray Heimann

Connect with Ray!

Website: www.USATerra.com

Email: info@usaterra.com

Invest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/

Track your rental property's finances with Stessa. Go to www.escapingwallstreet.com.

Join our Passive Investor Club to access passive commercial real estate investment opportunities.

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or clicking here to listen to our previous episodes.

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In this episode, Nicole Heasley shares her experience breaking into real estate investing as a house hacker. She shares how she navigated the process with minimal background knowledge, found a reliable agent who helped her pick a suitable property and established boundaries with her tenants. Nicole also reveals vital takeaways from her first investment that enabled her to build passive cash flow in future investments. Discover what it takes to get started with house hacking: finding the right loan program, interviewing potential tenants, and hiring outside help for maintenance.

Learn about Nicole's experience, and gain insights into the essential skills needed to succeed with real estate investing.

[00:01 - 06:45] Opening Segment

• Nicole Heasley talks about her experience with house hacking and the key lessons she learned
• She wanted to make sure there was enough recreational space for tenants and visitors
• Her location was chosen based on job availability and safety considerations

[06:46 - 15:41] Buying Your First Houses

• Nicole's realtor was very tactful in helping her decide what was best for her
• Nicole wanted to cover the mortgage and have a garage space for herself
• She covered all utilities herself initially but would split them evenly if she did it again
• Interviewed potential roommates and used the RoomieMatch website to find compatible people

[15:42 - 21:58] Learning to Be the "Bad Guy" as a Landlord

• Throwing in personal questions on the rental application
• How Nicole learned how to be the "bad guy" when necessary
• Student loans didn't impact the ability to get a mortgage or make a down payment
• How Nicole started attending meetups and eventually bought more properties

[21:59 - 26:19] Closing Segment

• Best investment: time invested in meetups
• Worst investment: trading in stocks
• The most important lesson learned: not being shy

Quotes:

"I did learn how to tell people, 'No, you can't do that,' or 'No, I can't waive this.' That's absolutely a skill." - Nicole Heasley

"I don't care what business endeavor you're starting, you always start off undercutting yourself." - Nicole Heasley

Connect with Nicole!

Facebook: https://www.facebook.com/nrheasley

Email: nicole.heasley@ccm.com

Invest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/

Track your rental property's finances with Stessa. Go to www.escapingwallstreet.com.

Join our Passive Investor Club to access passive commercial real estate investment opportunities.

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or clicking here to listen to our previous episodes.

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Seth Teagle is a former firefighter and paramedic who achieved financial independence through real estate investing after 22 years. He is passionate about creating generational wealth for The Stream Group's investors. He is also well-known in the multifamily real estate industry for educating others with similar backgrounds.

In this episode, Seth shares his inspiring journey of transitioning from a physically demanding career to real estate investing and how his first 50-unit acquisition yielded $1M. He shares his story of getting started in real estate and how he invested in himself, his skills, and his network to close his first 50-unit multifamily deal. From there, he scaled up to operate over $185 million in commercial real estate.

Tune in to gain valuable insights and inspiration for your real estate investment journeys!

[00:00 - 07:49] Opening Segment

• Seth Teagle is a former firefighter and paramedic who became financially independent through real estate investing
• His first deal was a 50-unit multifamily property that he got into after building his network and skills
• Seth's journey started when he realized he needed to make more money to support his growing family and met a college roommate who was a successful real estate investor

[07:50 - 14:53] From Working for Free to Closing a 50-Unit Apartment Deal

• Seth worked for a mentor for 14 months for free to gain knowledge and skills
• He took a pay cut and invested in himself to build a resume for future deals
• Brought in one investor and accessed home equity line of credit to purchase 50 unit property
• Seth had to bring in a hard money lender at the end due to an unexpected increase in the down payment
• Different banks' appetites for loans and types of real estate they are interested in

[14:54 - 21:18] From Rejection to Success: Overcoming Roadblocks

• Seth shares how he struggled to find a bank to finance their first real estate deal due to a lack of experience and network
• The property experienced high vacancy rates and required significant renovations, leading the speaker to raise private capital
• Despite working long hours and facing personal risk, Seth completed the project and refinanced with significant equity.
• The experience inspired Seth to pursue real estate investing as a career.
• Key lessons include pushing beyond comfort zones, being vulnerable, and persevering through challenges

[21:19 - 26:33] How Networking and Adding Value Led to a Successful Real Estate Career

• Actively listening for opportunities to provide value and fill a role that others couldn't
• Recognizing the importance of successful people's time and offering to pay for it
• Valuing action takers and giving them specific action steps to take

[26:34 - 31:57] Closing Segment

• Best investment: Seth's first deal
• Worst investment: buying a 40-unit property
• The most important lesson learned: hiring A players

Quotes:

"Understand that if they're super successful, their time is valuable." - Seth Teagle

"I just had to push myself beyond my comfort zone and know it would hurt. You have to push through that." - Seth Teagle

"If somebody gives you a crack in the door, they kind of give you a little bit of glimmer of hope that they'll talk to you, then do everything they say." - Seth Teagle

"Hire A players and terminate the C players or not hire them at all." - Seth Teagle

Connect with Seth!

Investing: https://www.thestreamgroups.com

Mentoring: https://www.thefirehousebros.com

Invest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/

Track your rental property's finances with Stessa. Go to www.escapingwallstreet.com.

Join our Passive Investor Club to access passive commercial real estate investment opportunities.

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or clicking here to listen to our previous episodes.

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Taylor welcomes Neal Bawa back to dive into the state of the economy, inflation, interest rates, and how the banking crisis is affecting real estate now and in the future. Neal believes that the banking crisis will have extraordinary repercussions for the world and that it has acted as a catalyst for everyone to shine a floodlight on what else in the economy could go wrong. However, he notes that multifamily has the lowest exposure to mid-size banks of all real estate asset classes, making it less vulnerable to this crisis. One key takeaway from this conversation is that data insights are vital to figuring out what's next in hacking real estate.

[00:01 - 12:06] Opening Segment

• Introducing Neal to the show
• The state of the economy, inflation, interest rates, and the banking crisis' impact on real estate
• Government organizations primarily fund multifamily loans
• Interest rates may decline, but fewer lenders in the market could offset any benefits
• Property quality will determine the impact of interest rate changes and lender pullback

[12:06 - 22:50] Significant Discounts and Distress in US Property Markets

• Brokers are seeing a lot of cash calls in the industry in April
• Discounts of 18-26% are already available in markets like Phoenix and Atlanta
• Savvy investors see this as a great time to buy, but 90% of investors are freaked out
• Inflation is under control due to significant movement in the labor market
• March saw a moderation and weakening, with major industries pulling back and layoffs happening

[22:51 - 26:53] Long-term Inflation and Single-Family Housing Markets

• Layoffs are happening in various sectors due to CEOs managing a recession
• Inflation is under control in the short term, but the long-term outlook is concerning
• The single-family market has performed outstandingly well despite predictions of a decline
• Debt fixed rates have prevented distress in the single-family market, while the multifamily market struggles with floating debt

[26:54 - 30:17] Closing Segment

• What is one thing we are not discussing that we should be?
  • Long term inflation
• Connect with Neal through the links below

Quote/s:

"Nobody anywhere on this planet, including all the federal reserves banks put together, can put the long-term inflation genie back in the bottle." - Neal Bawa

Connect with Neal!

Website: www.MultifamilyU.com

Invest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/

Track your rental property's finances with Stessa. Go to www.escapingwallstreet.com.

Join our Passive Investor Club to access passive commercial real estate investment opportunities.

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or clicking here to listen to our previous episodes.

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Fred Moskowitz, a note investing expert, discusses the tax liability associated with note investing and how it differs from real estate investing. He shares his insights on navigating these unique tax implications and maximizing your returns. Fred compares and contrasts the note investing space during the great recession to today's rising interest rates and other conditions. He provides valuable insights on how investors can adapt their strategies in different market conditions.

Fred also shares how he financed his first few note deals through profits from real estate investments. He emphasizes that while investing in notes can be capital intensive, starting with buying a couple of notes on your own is possible. As you gain experience and expertise, transaction sizes can increase.

This episode is packed with valuable insights and actionable advice for anyone interested in note investing. Tune in now to learn more!

[00:01 - 08:26] Opening Segment

• Guest Fred Moskowitz discusses note investing and becoming the bank by investing in debt.
• Fred compares note investing conditions post-recession to today's rising interest rates.
• Note investing provides stable and predictable cash flow, making it an appealing investment opportunity

[08:27 - 16:52] How to Start Small and Grow into Larger Transactions with Self-Directed Retirement Accounts

• Note investing can be capital-intensive, but starting small is possible
• Buying larger pools of notes allows for better discounts and access to deals
• Self-directed retirement accounts are a powerful strategy for note investing
• Notes generate a tax liability, making self-directed retirement accounts even more beneficial
• Investing in debt through self-directed retirement accounts does not incur certain taxes

[16:54 - 25:03] Insights on Larger Transactions, Rising Interest Rates, and Preferred Note Types

• Larger transactions mean buying more notes at once
• Notes are available in all sizes from $5,000 to millions
• Transaction size gives more options and flexibility
• Interest rates impact pricing, but supply and demand are the main factor
• Non-performing note investing has higher risk but the potential for greater returns

[25:04 - 34:23] Closing Segment

• Best investment: an opportunity to invest in a local community bank
• Worst investment: buying some notes
• The most important lesson learned: investing in yourself

Quotes:

"I came to the realization that I needed to have other sources of income so I wouldn't be so dependent on the paycheck for my job." - Fred Moskowitz

"The best thing that we can do as investors is to be nimble." - Fred Moskowitz

Connect with Fred!

Book: The Little Green Book of Node Investing

Website: https://www.fredmoskowitz.com

Phone: 2154614433

Invest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/

Track your rental property's finances with Stessa. Go to www.escapingwallstreet.com.

Join our Passive Investor Club to access passive commercial real estate investment opportunities.

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or clicking here to listen to our previous episodes.

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Steffany Boldrini shares her experience buying a car wash that did not go as expected and why she shifted to self-storage investing. Steffany emphasizes the importance of being selective about who to partner with and learning from mistakes made along the way. She advises against car wash investing unless someone has fantastic managers to deal with local employees, as it can be challenging to manage remotely. She also recommends evaluating the market before investing in a new asset class. Steffany finds self-storage investing more manageable and profitable, focusing on partnerships to scale her business.

The conversation concerns the harsh lessons learned in investing in different asset classes, particularly car washes and self-storage. Steffany also discusses the challenges in finding suitable employees and managing remotely and the impact of distance on investment strategy.

Please tune in for valuable insights from an experienced investor who knows what it takes to succeed in today's market.

[00:01 - 06:18] Opening Segment

• Steffany shares her experience buying a car wash that didn't work out as expected
• Why she shifted to self-storage investing
• Car wash investing is growing in popularity but can be difficult to manage from afar
• Employee management and cash handling can be challenging in this asset class

[06:19 - 12:42] Lessons Learned from Investing in Remote Properties: The Challenges of Managing Car Washes and the Advantages of Self-Storage

• The importance of having a good onsite person for management
• Investing within a two-hour drive for hands-on properties
• Self-storage is easier to manage remotely and automate
• Invest based on what is important to you (money vs. time)
• Use technology for physical due diligence and inspections

[12:43 - 18:56] Tips on Partnership and Remote Lifestyle

• Steffany shares her experience with real estate deals and partnerships
• The importance of finding the right partners and building strong relationships
• The challenges of working remotely and finding friends in new cities

[18:57 - 22:18] Closing Segment

• Best investment Steffany has made
• Worst investment: car wash business
• The most important lesson learned: following up

Quotes:

"We have to be very selective about who we partner with." - Steffany Boldrini

"You have to find the people that have your weaknesses as their strengths." - Steffany Boldrini

Connect with Staffany!

LinkedIn: https://www.linkedin.com/in/steffbold/

Website: www.https://montecarlorei.com

Invest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/

Track your rental property's finances with Stessa. Go to www.escapingwallstreet.com.

Join our Passive Investor Club to access passive commercial real estate investment opportunities.

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or clicking here to listen to our previous episodes.

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With over 15 years of experience in real estate investing and a passion for educating others, Spencer outlines his five-part decision-making framework for vetting passive investments. He emphasizes the importance of communication and delivering news well in building trust with investors. He also discusses the challenges of balancing a high-powered career with family life and finding a different way to live through real estate investing.

As the market shifts in 2023, Spencer aims to educate and serve others with his experience and investment opportunities. He emphasizes the need for sponsors to be responsive and transparent in their answers to investors' questions. Lastly, he touches on the importance of learning from challenging experiences as an entrepreneur. Jump right in to learn valuable insights into passive real estate investing and how to evaluate investment opportunities!

[00:01 - 09:36] Spencer's History of Investing

• Spencer Hillgas invested over seven figures personally of his own money into deals as a passive investor
• He stepped away from his career in Silicon Valley in October 2019 after building loan origination groups for a fix-and-flip lender that was also a tech company
• Communication is key for passive investors in real estate

[09:37 - 19:38] Five-Part Decision-Making Framework for Passive Investments

• Track record approach
• Team approach
• Communications
• Quantitative approach
• Values

[19:39 - 24:45] Key Factors in Passive Real Estate Investing

• Transparency and clear communication are essential in real estate investing
• Red flags to look out for include slow or unclear investor communications
• Values should be considered when investing, including how tenants are treated
• Behavioral interviewing can help gauge a sponsor's experience and ability to handle challenges

[24:46 - 29:11] Closing Segment

• Best investment: buying their first home
• Worst investment: putting money into Crypto
• The most important lesson learned: the world is very connected

Quotes:

"Humility is key in life for thriving." - Spencer Hilligoss

"Just tell people what's happening. Treat people like adults, and speak to them as adults. Don't hide stuff." - Spencer Hilligoss

Connect with Spencer!

Website: www.MadisonInvesting.com

Invest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/

Track your rental property's finances with Stessa. Go to www.escapingwallstreet.com.

Join our Passive Investor Club to access passive commercial real estate investment opportunities.

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or clicking here to listen to our previous episodes.

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Taylor takes a deep dive into the current state of the real estate market with Cody Laughlin, one of three managing partners at Blue Oak Capital. With many multi-family operators struggling to see outsized increases in rent growth and occupancies, there's no denying a downturn in progress. However, Cody shares his experience underwriting and operating real estate deals during downturns, emphasizing the importance of running numbers on real estate deals during a downturn and adapting business models to make it through these challenging times. Real estate investing has become mainstream, leading to many new investors coming into the space. However, with competition fueling accelerated asset values, there is now a downturn in progress with softening occupancies, rent premiums, and delinquencies. Despite this, Cody believes there will still be opportunities for those who are prudent in their analysis and assumptions.

This episode gives valuable insights into navigating the current state of the real estate market while positioning oneself well for future cycles. Tune in now!

[00:01 - 06:08] Opening Segment

• Cody Laughlin shares his underwriting and operating strategies for real estate deals during a downturn
• Blue Oak Capital acquires and operates multi-family acquisitions
• Accidental landlord experience led to discovering the benefits of real estate investing
• Underwriting and operating deals during downturns are important regardless of whether or not we're currently in one.

[06:09 - 14:08] Real Estate Investing Goes Mainstream

• A vast number of new investors entering the space has fueled competition and accelerated asset values
• Softening in occupancies, rent premiums, and increases in delinquencies indicate a downturn in the market
• The year of the operator - operations are the most vital variable to focus on this year

[14:09 - 19:07] Adopting Conservative Underwriting Strategies During Downturns

• Underwriting is the process of running the numbers for a property
• Conservative underwriting is crucial in the current environment to mitigate downside risk
• Debt is the most significant limiting variable in underwriting leverage
• Occupancies and rent growth are trending back down to pre-pandemic levels, so conservative assumptions are necessary

[19:08 - 25:55] Retaining Tenants and Cutting Expenses During Market Downturns

• Focus on retention to keep costs down
• Mitigate expenses by cutting unnecessary expenditures
• Uncertain rules from the Fed are causing unpredictability in the market
• Relief may come in Q2 with a pause on interest rate hikes

[25:56 - 29:59] Closing Segment

• Best investment: spending $4,000 on a mattress firm
• Worst investment: franchise licensure with a fitness company
• The most important lesson learned: not being afraid to fail forward

Quotes:

"Focusing on resident retention and customer service is absolutely crucial right now." - Cody Laughlin

"Now's the time to really be conservative in your underwriting and make sure that you're building in layers of protection to mitigate your downside risk." - Cody Laughlin

"Never be afraid to fail forward. Don't be afraid to make mistakes and don't be afraid to fail because every failure is a learning opportunity." - Cody Laughlin

Connect with Cody!

Free coaching call: 832-7431400

Invest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/

Track your rental property's finances with Stessa. Go to www.escapingwallstreet.com.

Join our Passive Investor Club to access passive commercial real estate investment opportunities.

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or clicking here to listen to our previous episodes.

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One of the surprising effects of the pandemic is a surge in demand for self-storage. But is this trend here to stay?

Our guest, a self-storage expert Terry Campbell, shares their insights on the operational upsides for investors who buy properties correctly and use remote management. Terry shares ways to increase the efficiency and profitability of self-storage facilities. One method is to have a remote sales storage manager who can manage multiple facilities from home, reducing costs. He emphasizes the importance of being less than 100% full and raising rates as it can significantly increase the facility's bottom line. Self-storage remains recession-resistant and a popular investment option for banks and investors. Whether you're an experienced investor or just starting, this episode provides valuable insights into the self-storage industry and the potential for long-term profitability. Tune in to learn more!

[00:01 - 05:23] Opening Segment

• Introducing Terry to the show
• Remote self-storage management can provide operational upsides for investors
• Mistakes in self-storage investing can lead to trouble and lost money
• Remote management is becoming more popular due to cost savings and labor shortages
• Copper Storage Management provides third-party remote management services

[05:24 - 20:02] Revolutionizing Self-Storage Management

• Remote management allows one manager to handle multiple facilities
• AI chatbot reduces call volume and increases facility capacity for call center agents
• Digital marketing and SEO presence help drive leads and increase value
• Tenant insurance is a valuable source of income and protection for self-storage facilities
• Management companies should not be afraid to push rates and enforce fees
• Prices for self-storage facilities are starting to come down from previous years

[20:03 - 29:19] Navigating the Complexities of Self-Storage

• Discussion on liens and mistakes people make in self-storage
• The majority of the self-storage market is still owned by mom and pops (70-75%)
• Self-storage is recession and pandemic-resistant, driving demand during pandemic

[29:20 - 34:07] Closing Segment

• Best investment: self-storage
• Worst investment: trying to make money in the stock market
• The most important lesson learned: Do not get caught up in paralysis by analysis

Quotes:

"You should never be a hundred percent full. If you're a hundred percent full, you're not charging enough." - Terry Campbell

"Just not following the state's processes can bite you. If you don't properly put a notice out there that there will be an auction, that's a problem. Sometimes people don't start the auction process correctly and end up making a wrongful sale, which can lead to legal issues and costly lawsuits." - Terry Campbell

Connect with Terry!

Email: terry@coppersm.com

Website: www.CopperStorageManagement.com

Invest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/

Track your rental property's finances with Stessa. Go to www.escapingwallstreet.com.

Join our Passive Investor Club to access passive commercial real estate investment opportunities.

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or clicking here to listen to our previous episodes.

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It doesn't matter if you have the best deal in the world if you don't have your network in place.

Today's guest is Tyler Cauble, a commercial real estate investor and broker based in Nashville. In this episode, they dive into the world of commercial real estate investing and discover how Tyler's vertically integrated commercial real estate firm focuses on office, retail, industrial, hospitality, and multi-family properties. Tune in today as we learn more about commercial real estate investing from one of the best in the business!

[00:01 - 05:51] Opening Segment

• Welcoming Tyler to the show
• Tyler's firm is vertically integrated and involved in a variety of projects
• Triple net leases have tenants cover common area maintenance, property taxes, and building insurance expenses
• Value can be found in triple net deals through development or finding undervalued properties with long-term leases.

[05:52 - 12:55] Navigating the Changing Landscape of Commercial Real Estate: Opportunities in Office Space

• Invest in existing shopping centers with the potential to increase NOI
• Generalization of death of office space is not accurate. It depends on asset class and location
• Micro office spaces for small companies are a good investment opportunity
• An increase in occupancy dramatically increases property value on a cap rate basis
• Refinancing to pull out capital may be impacted by current interest rates

[12:56 - 19:54] Interest Rates and Real Estate Investments in Nashville

• Interest rates have caused projects to be dropped and developers to back out of sales
• Triple-net and multi-family markets have been affected the most by interest rates
• Industrial space in Nashville has high demand due to its unique advantages
• Tennessee does not make up for no state income tax with high property taxes but through sales tax

[19:55 - 25:07] Lessons Learned from Raising Capital and Dealing with Setbacks

• Syndication and raising capital in commercial real estate are often overlooked or not talked about enough
• Going through larger raises means talking to more people and dealing with different personalities

[25:08 - 30:33] Closing Segment

• Best investment: joining GoBundance
• Worst investment: Tyler's first deal
• The most important lesson learned: just go out there and do it

Quotes:

"It doesn't matter if you have the most amazing deal in the world. If you don't know anybody to give you money, you can't do anything with it." - Tyler Cauble

"A lot of the value comes from just driving the NOI up, whether that's through increasing your rental rates or decreasing your operating expenses, essentially arbitraging it on a cap rate." - Tyler Cauble

"I think that the biggest thing when it comes to any kind of real estate is you've just got to do the first one. I know that it's intimidating. I know it's scary. There's so much where you just make these excuses and guess what? You're never going to learn how to truly do it until you do that first project." - Tyler Cauble

Connect with Tyler!

Instagram: @commercial_in_nashville

YouTube: @TylerCauble

Invest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/

Track your rental property's finances with Stessa. Go to www.escapingwallstreet.com.

Join our Passive Investor Club to access passive commercial real estate investment opportunities.

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or clicking here to listen to our previous episodes.

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Sam Primm, the co-owner of Faster Freedom, shares his story of achieving financial independence through real estate investing. Sam emphasizes the importance of being true to oneself instead of trying to emulate others, treating real estate investing like a business, partnering with trustworthy individuals, and hiring the right team. Throughout this conversation, Sam discusses the difference between those who apply their education and take action versus those who do not. He highlights the importance of taking action and being okay with failure to succeed. There is no one-size-fits-all approach; listeners are advised to get involved in their local community to gain knowledge and experience. The first step's challenges include fear and lack of knowledge; however, taking small steps toward goals is encouraged.

Join us as we learn from Sam Primm's story of achieving financial independence through real estate investment.

[00:01 - 05:36] Opening Segment

• Sam Primm shares his story of achieving financial independence through real estate investing using goal setting, hard work, and determination
• Scaling in real estate requires treating it like a business, having a trusted partner, hiring the right team, and being open to education and coaching
• Seminar junkies who don't take action won't succeed in real estate investing

[05:37 - 11:33] The Importance of Taking Action and Embracing Failure to Achieve Success

• Learning by doing is vital, not just listening and watching
• Being okay with failure is crucial to success
• Starting small and scaling up with systems and employees helped grow Sam's business

[11:34 - 18:20] Achieving Financial Freedom in Two Years

• Quitting a job making $50k was more manageable than quitting a job making $250k
• Financial freedom is not just about sitting on the beach; it's about drive, growth, impact, competitiveness, and overcoming challenges
• Creating generational impact through growing rental portfolios and a team of 38 people

[18:21 - 26:28] Setting Audacious Goals

• Developing into generational impact and billion-dollar real estate
• Bringing an NBA team to St. Louis
• The importance of understanding oneself and personal risk tolerance in real estate investing
• Everyone has a different path to financial freedom
• Getting involved in local communities for successful investing

[26:29 - 33:33] Closing Segment

• Best investment: 42 packs of houses bought for $83k per door, appraised at $5.8m
• Worst investment: self-storage facility with indoor boat and RV storage that blew over multiple times
• Most important lesson: properly leveraging debt is crucial for creating wealth in real estate investing

Quotes:

"You can't walk the same path. Trying to be somebody else will never work. As soon as you're who you are, then you're going to be successful in anything." - Sam Primm

"You're going to learn a vast majority by actually doing it. So going on and taking action is key." - Sam Primm

"It's about the drive. It's about the grind, it's about the growth, it's about the challenge, it's about the competitiveness. It's about overcoming." - Sam Primm

Connect with Sam!

Website: www.FasterFreedom.com

Podcast: The FasterFreedom Show

Invest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/

Track your rental property's finances with Stessa, go to www.escapingwallstreet.com.

Join our Passive Investor Club to access passive commercial real estate investment opportunities.

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or clicking here to listen to our previous episodes.

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Patrick Menefee, who left his consulting job, shares how to become a successful real estate investor and coach. Patrick's journey began with a burning desire to achieve financial freedom without relying on parental funding. He started investing in real estate and gradually built partnerships to scale his business. He emphasizes the importance of negotiating deals with partners and dividing responsibilities and returns. However, Patrick soon realized that more than financial independence was needed to find fulfillment. He reinvented himself through coaching and mentorship, finding purpose in teaching others how to achieve their goals.

Get insights on how to find a more tangible version of your goals by tuning in!

[00:01 - 07:23] Opening Segment

• Welcoming Patrick to the show
• How Patrick Menefee left his job to become a full-time real estate investor
• He achieved financial independence but lost his purpose and reinvented himself
• He bought 20 doors and funded it with his own savings and equity investments

[07:24 - 13:14] From $4,000 to financial freedom: How Patrick Built a Real Estate Empire

• How strategic partnerships and reputation building can help scale a business
• Deals were structured differently depending on the partner, and negotiation was key
• The entrepreneurial drive can be both nature and nurture
• Financial independence was a milestone, not the end goal
• The importance of having a purpose and why it is important before leaving a job for entrepreneurship

[13:15 - 20:08] Discovering Your Purpose Beyond Materialistic Temptations

• The pursuit of money alone is not fulfilling
• Flipping houses provided income but lacked purpose
• A strong why or purpose is necessary for success and fulfillment
• Reinventing oneself requires healthy experimentation and trying new things
• Coaching others has revealed the everyday struggle of lacking a strong why or purpose
• The danger of being too comfortable and not having a strong pull toward something better

[20:09 - 24:45] Insights on Creating A Genuine "Why"

• Discussion on creating vs. uncovering the "why" in pursuing goals
• Importance of breaking down long-term goals into tangible, achievable milestones
• Emphasis on building habits and taking action now to achieve future success

[24:46 - 30:13] Closing Segment

• Best investment: a $4,000 deal
• Worst investment: buying an eight-unit back in 2019
• The most important lesson learned: Finding your "why" and purpose

Quotes:

"Healthy experimentation and shiny object syndrome aren't the same things." - Patrick Menefee

"Anything that you want that's going to be worthwhile to drive towards creating the life that you want is going to be difficult, or you've at least gotta be able to go through something difficult." - Patrick Menefee

"People need to have a strong enough 'why' to push through when things get hard, especially if they are comfortable. Without a purpose or fulfillment, chasing money alone is not enough to sustain motivation and success." - Patrick Menefee

Connect with Patrick!

Website: www.investdgp.com

Email: patrick@investdgp.com

Invest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/

Track your rental property's finances with Stessa, go to www.escapingwallstreet.com.

Join our Passive Investor Club to access passive commercial real estate investment opportunities.

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or clicking here to listen to our previous episodes.

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Insurance policies are an excellent way for real estate investors to reduce risks, but understanding how to utilize them and public adjusters can help.

Today, Taylor welcomes Andy Gurczak, the president at Allcity Adjusting, to share how public adjusting can help real estate investors reduce risks and get the proper amount out of their insurance claims. Public adjusters advocate for insured individuals and handle everything from negotiating depreciation and damage to preparing documents and negotiating additional coverages. Andy also discusses the role of public adjusters in helping policyholders navigate insurance claims. It highlights the importance of contacting a public adjuster early in the process and the benefits they provide, including reducing stress and increasing settlement amounts.

Real estate investment has been the best investment for Andy, providing freedom. So, if you're a real estate investor looking to reduce risks and get the proper amount out of your insurance claims, tune in to this episode!

[00:01 - 07:25] Opening Segment

• Welcoming Andy to the show
• How public adjusters can help real estate investors reduce risks and get proper insurance claims
• Insurance policies are a way to minimize risks and spread them across others
• Hiring a public adjuster can maximize the entire claim process for the policyholder

[07:26 - 14:03] Why You Should Hire a Public Adjuster for Your Insurance Claims

• Public adjuster departments exist in almost every state to help insured individuals
• Having a public adjuster can provide general advice, accelerate the process, and result in a larger settlement for the insured individual
• Many people are underinsured or lack coverage due to not being familiar with the industry

[14:04 - 19:57] Andy's Advice on Navigating Insurance Claims and Avoiding Common Pitfalls

• Stay as little as possible when speaking with insurance companies
• Getting estimates from contractors can lead to delays and haggling over line items
• When selecting a public adjuster, consider their experience, specialty, and references

[19:58 - 25:45] The Benefits and Risks of Hiring a Public Adjuster for Insurance Claims

• Insurance companies cannot raise premiums based on hiring a public adjuster or a single claim
• Premiums are based on area, age of home, the chance of loss, etc.
• One public adjuster firm should be enough for investors and landlords

[25:46 - 31:00] Closing Segment

• Best investment: all the rentals Andy has purchased
• Worst investment: trying to grow too quickly
• The most important lesson learned: not giving up

Quotes:

"The less you say, the better it is." - Andy Gurczak

"More and more people are using the help of a public adjuster to not only maximize their claim but take the stress and settle the claim quickly." - Andy Gurczak

“You have to make a step every day. But not every day is going to be perfect. You don't need motivational speakers or all this other stuff to motivate you. You just gotta keep doing it and just not give up." - Andy Gurczak

Connect with Andy!

Phone: 7086554186

Website: www.AllCityAdjusting.com

Email: info@allcityadjusting.com

Invest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/

Track your rental property's finances with Stessa, go to www.escapingwallstreet.com.

Join our Passive Investor Club to access passive commercial real estate investment opportunities.

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or clicking here to listen to our previous episodes.

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Today, we are joined by Ben Reinberg, a highly successful commercial real estate investor who owns over $500 million of properties across the United States. Starting at a young age, Ben has honed his commercial real estate investing expertise, focusing on asset classes like industrial and medical properties.

In this conversation, he shares his insights into the market trends that have shaped his investment decisions. Ben emphasizes the importance of flexibility and adaptability in navigating changes in the real estate market. Ben also stresses the importance of personal development in achieving success as a real estate investor. He shares his routines that involve meditation, yoga, journaling, and consistent effort. Throughout this engaging conversation, Ben highlights the need for constant action, strategic planning, and a long-term perspective in building a successful real estate business. He offers solutions for higher interest rates and emphasizes fostering relationships through old-fashioned communication methods like calling and texting. Tune in to this insightful episode to learn from one of the most successful commercial real estate investors about how to succeed in this exciting field!

[00:01 - 07:29] Opening Segment

• Welcoming Ben to the show
• Ben's company, Alliance Consolidated Group, manages office, industrial, retail, and medical office properties across the US
• Ben is also building his brand through social media and his podcast

[07:30 - 14:28] Insights on Market Changes and Staying Ahead of the Game

• Key to commercial real estate is the ability to hold through cycles and protect the downside
• Shifting from office to industrial, retail, net lease, and medical properties
• Retail has soft spots due to online shopping and lack of density in certain areas
• The general office is challenging due to the remote workforce and loss of human connection

[14:29 - 19:31] Preparing for Higher Interest Rates

• Real estate investors should have a plan for higher interest rates in the future
• Risks of higher interest rates include debt service coverage ratios and property appraisals
• Solutions to these risks include creative refinancing and good relationships with lenders
• Personal development is vital for success in real estate investing

[19:32 - 26:20] Ben's Secrets to Success Through Personal Development and Relationship Building

• Eliminate fears and self-disempowering talk
• Focus on personal development and love for oneself
• Look for lessons in everything, seek the truth
• Be open-minded and listen to different perspectives
• Set monthly, yearly, and three-year goals with commitment and accountability

[26:21 - 33:50] Closing Segment

• Best investment: investing in yourself
• Worst investment: investing in the wrong people
• The most important lesson learned: focus and lean on your relationships

Quotes:

"The key to commercial real estate is the ability to hold. And if you can hold, you can ride through different town turns and cycles." - Ben Reinberg

"The key to goals or anything in life is being committed. But the most important thing is having someone keep you accountable." - Ben Reinberg

Connect with Ben!

Website: www.alliancecgc.com

Personal website: www.benreinberg.com

Podcast: https://podcasts.apple.com/us/podcast/ben-reinberg-i-own-it/id1626923659

Invest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/

Participate directly in real estate investment loans on a fractional basis. Go to www.passivewealthstrategy.com/groundfloor/ and get ready to invest on your terms.

Join our Passive Investor Club to access passive commercial real estate investment opportunities.

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or clicking here to listen to our previous episodes.

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Nick is an expert in ground-up, high-rise, multi-family development strategy with years of experience. In this episode, he shares his insights on the benefits of building a Class A property and why it attracts the best tenants while having lower CapEx expenditures. Nick emphasizes the importance of community building and working with neighborhoods during development. He also mentions that the target exit strategy varies by property, with some investors opting to hold long-term and others choosing to sell in hyper-growth markets. It's all about understanding the market demand and knowing when to strike.

If you want to learn more about developing high-rise properties, this is the episode for you!

[00:01 - 06:38] Opening Segment

• Introducing Nick to the show
• Nick's strategy and what to look for in deals
• Building class-A properties attract the best tenants and provides a more stabilized product
• Communities are built in conjunction with neighborhoods and are good stewards of the land

[06:39 - 12:47] The Journey to Building Skyscrapers

• Nick discusses his journey of building larger apartment complexes
• Nick took eight years of experience and market knowledge to get into high-rise development
• The process involves acquiring land, pre-planning, and understanding construction costs
• High-rise developments have a longer timeline, typically two years for pre-planning and 18-24 months for construction
• Investors are not brought in until after pre-development work is completed

[12:48 - 21:35] Finding the Right Market for New Development Projects

• Local government and permitting office knowledge is crucial for new development projects
• Rising interest rates require a comfortable interest reserve and price stability in construction materials
• Student housing vs. class A development depends on the market and university stability
• American campus communities' acquisition shows a positive outlook for the student housing industry

[21:36 - 28:14] Closing Segment

• Best investment: the real estate that Nick holds on to
• Worst investment: mismanagement of building a house
• The most important lesson learned: getting started early

Quotes:

"If you're looking for a new market, the starting point is looking at that local government's website and then making some phone calls, going and having some meetings with the infrastructure or permitting office just to figure out what incentives they have." - Nick Simpson

"I think the worst deals can unravel from the people behind them. Partnerships are important and making sure that the right people are involved because that can certainly cause things to go the wrong way." - Nick Simpson

Connect with Nick!

Website: www.mentiscapitalpartners.com

Email: nick@mentiscp.com

Invest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/

Participate directly in real estate investment loans on a fractional basis. Go to www.passivewealthstrategy.com/groundfloor/ and get ready to invest on your terms.

Join our Passive Investor Club to access passive commercial real estate investment opportunities.

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or clicking here to listen to our previous episodes.

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In this episode, K Trevor Thompson, a former corporate professional turned real estate investor, shares his journey of building a passive income through real estate investing and eventually transitioning to the active side. Trevor emphasizes the power of compound interest and reinvestment in real estate for financial independence. He discusses passive and active investing lessons, including mistakes and successes, that provide valuable insights for those interested in leaving the corporate world for real estate investing. Trevor also shares his challenges as an active investor, including losing money on his first deal. He advises learning from these experiences and moving forward. Join us to learn from Trevor's experience and expertise!

[00:01 - 08:52] From Corporate Opening Segment

• Introducing Trevor to the show
• He learned about passive real estate investing and eventually became an active investor after leaving his W2 job during Covid
• Trevor's story offers valuable lessons for those wanting to leave the corporate world and build passive income

[08:53 - 14:43] Challenges and Lessons Learned in Transitioning from Passive to Active Investing During the Pandemic

• How Trevor switched to full-time real estate investing and is primarily a passive investor
• How Trevor was let go from their corporate job in May 2020 but qualified for professional real estate status
• The transition was tough mentally, but they persevered and started looking for deals on the active side

[14:44 - 22:46] The Importance of Networking and Due Diligence in Passive Investments

• Loan assumption deal at 71% LTV for a $240 million property
• Lesson learned: giving away all power in a deal can be risky
• Loan assumptions are tricky and not consistently profitable for lenders
• Networking and volunteering at events helped level up and connect with higher-level people in the industry
• Who you give your money to is the most critical factor in passive investing

[22:47 - 28:19] Trevor's Winning and Losing Investment Experiences

• It's vital to vet sponsors and have proper insurance in place
• Patience is key when building passive income before leaving the corporate world
• Education and learning from mentors are crucial for success in real estate investing

[28:20 - 32:36] Closing Segment

• Best investment: a real estate deal in Tucson, Arizona
• Worst investment: a current investment that had a fire
• The most important lesson learned: showing up and giving energy

Quotes:

"So if you invest a hundred thousand dollars, that goes to two. Invest it again, and it goes to four. Invest it again, and it goes to eight. Invest it again, and it goes to 1.6. Invest it again, and it goes to 3.2 million. That's 25 years. So think about that. If you only made one investment at 35 or 25 and you let it roll, the difference is life altering because you're reinvesting" - K Trevor Thompson

Connect with Trevor:

LinkedIn: https://www.linkedin.com/in/ktrevorthompson/

Website: www.niagara-investments.com

YouTube: https://www.youtube.com/@KTrevorThompson

Invest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/

Participate directly in real estate investment loans on a fractional basis. Go to www.passivewealthstrategy.com/groundfloor/ and get ready to invest on your terms.

Join our Passive Investor Club to access passive commercial real estate investment opportunities.

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or clicking here to listen to our previous episodes.

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To succeed, one must know the importance of learning, taking risks, and having faith in oneself.

Taylor welcomes Margaret Kozlark, a successful real estate investor who's achieved financial independence and time freedom through investing in real estate. Margaret started as a limited partner before progressing to post-tax investments. She now helps busy professionals achieve financial freedom through passive real estate investing.

In this episode, Margaret emphasizes the importance of gaining experience by starting small and learning what you like and don't like about the investment process. Margaret talks about how real estate investing is predominantly male-dominated and her quest to change that by helping more people invest in real estate. She also shares her experience as a realtor and how many realtors don't invest themselves, giving them a different mindset when analyzing properties.

Join us on this insightful episode as we explore Margaret's journey into real estate investing and discover valuable insights into becoming a successful investor yourself!

[00:01 - 05:37] Opening Segment

• Margaret Kozlark's brief background and career
• From working in W2 jobs to real estate investing
• The fantastic benefits of depreciation and tax savings

[05:38 - 12:54] From Real Estate Agent to Successful Investor

• How Margaret started a small real estate investment company called MGH Investments
• Noblivest is only about a year and a half old but has experienced exponential growth
• Less than 10% of people who work in real estate investing in it themselves

[12:55 - 23:00] How One Woman Built Her Real Estate Business with Small and Steady

Growth

• Investing as an LP first to learn about the process and what to look for
• Taking your fiduciary duty seriously and working hard to preserve capital and make money for investors
• The importance of confidence and a love of learning to succeed in the industry
• Real estate investors struggled to find deals due to high demand and empty nesters cashing out
• Many people enter real estate without proper training or treating it like a business
• Fear of rejection and lack of initiative also hold back realtors from making money

[23:01 - 26:50] Closing Segment

• Best investment: Margaret's children
• Worst investment: pot stocks during its hype
• Most important lesson: real estate is a team sport, and choosing ethical partners is crucial for success

Quotes:

"Everybody operates their business a little bit differently." - Margaret Kozlark

"Real estate is a team sport. You are only going to go so far on your own. And the people that you choose to partner with do matter." - Margaret Kozlark

Connect with Margaret:

Website: www.Noblivest.com

Invest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/

Participate directly in real estate investment loans on a fractional basis. Go to www.passivewealthstrategy.com/groundfloor/ and get ready to invest on your terms.

Join our Passive Investor Club to access passive commercial real estate investment opportunities.

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or clicking here to listen to our previous episodes.

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Jeremiah is a seasoned investor who has successfully navigated his way through the mobile home park and self-storage sectors to build his company Patriot Holdings.

In this episode, Jeremiah shares his journey from mobile home park investing to self-storage facilities, discussing the challenges and opportunities he encountered. He highlights the importance of vetting assets and operators before investing in unconventional assets for higher yields. Overbuilding in certain areas is a concern in the self-storage industry, but Jeremiah quickly discusses how they have dealt explicitly with this issue. Self-storage is a market within a market, and location and visibility are critical factors in determining success.

His book "Finding Your Edge" offers additional insights into his approach to investing. If you're interested in commercial real estate investing or want to learn more about self-storage facilities, this episode is a must!

[00:01 - 07:27] Opening Segment

• Jeremiah's background and career
• He pivoted from mobile home parks to self-storage investing due to better opportunities
• His company, Patriot Holdings, aggregates facilities around the country and is a pure value-add investor

[07:28 - 13:06] From Mobile Homes to Self-Storage: How One Investor Found Peace of Mind and Predictable Distributions

• Mobile home park investing comes with challenges, such as difficult tenants and high maintenance costs
• It's essential to focus on owning the land rather than the units themselves
• Selling mobile homes to tenants can be a successful strategy to get them off your books
• Self-storage became an attractive asset class due to predictable capital expenditures and consistent monthly distributions.
• Overbuilding in a given area is a concern in self-storages

[13:07 - 21:09] Navigating the Self-Storage Market: Location, Competition, and Expansion Opportunities

• Oversupply is the biggest enemy of storage
• Storage is a market within a market, with different regions and neighborhoods
• Location and visibility are critical factors in choosing a storage facility
• Competition should be assessed before investing in new units
• Good deal flow is vital in an inflated market
• Mismanaged facilities offer the potential for value-add opportunities

[21:10 - 29:03] Real Estate Investor Shares Tips on Avoiding Shiny Object Syndrome and

Finding Your Investing Edge

• Mitigating risk by having additional land with existing use
• Jeremiah is against buying land without zoning approvals and rezoning residential/agricultural to commercial
• Avoid shiny object syndrome by sticking with one asset class at a time
• Focused on critical levers in business: acquiring storage, fundraising, and delivering on reporting/management
• To find investing edge, choose an asset class and region to get to know the inefficiencies

[29:04 - 36:41] Closing Segment

• Best investment: a storage facility in a small town in New Hampshire
• Worst investment: an office condo building in Puerto Rico
• Most important lesson: you have to have the self-awareness to know what your strengths are

Quotes:

"Focus is the key asset that we have, our energy and focus because without those, time gets obliterated anyway. So what's the use of time if you can't channel it right with energy and focus?" - Jeremiah Boucher

"You need to have the self-awareness to know your strengths or advantages and what you enjoy doing better than others. And then you have to play to that strength because if it isn't inherent in who you are, you won't succeed." - Jeremiah Boucher

Connect with Jeremiah!

Book: https://www.amazon.com/Finding-Your-Edge-Commercial-Investing/dp/1612062458

Website: www.PatriotHoldings.com

Invest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/

Participate directly in real estate investment loans on a fractional basis. Go to www.passivewealthstrategy.com/groundfloor/ and get ready to invest on your terms.

Join our Passive Investor Club to access passive commercial real estate investment opportunities.

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or clicking here to listen to our previous episodes.

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Even in our darkest moments, we can find hope and create a brighter future.

Taylor sits down with real estate investor Jeffrey Holst to explore his inspiring journey of overcoming adversity and succeeding in challenging circumstances. After being diagnosed with leukemia in 2008 and filing for personal bankruptcy, Jeff was forced to reevaluate his life and seek new opportunities. During this time, he discovered his passion for real estate investing.

Throughout the episode, Jeff shares intimate details about his daily battle with leukemia and its impact on his life. Jeff also delves into broader themes like taking responsibility for one's life and recognizing that good and bad things happen to everyone daily. He emphasizes the importance of having a positive mindset and being willing to take risks to achieve success. This podcast episode is a powerful reminder of the resilience of the human spirit and the potential we all have to overcome adversity.

[00:01 - 07:13] Opening Segment

• Introducing Jeff to the show
• Jeff's diagnosis changed his outlook on life and motivated him to invest in real estate for financial security for his wife
• The experience of facing mortality is highly motivating for Jeff and serves as a daily reminder of his mortality

[07:14 - 13:52] How One Man's Leukemia Diagnosis Changed His Career Path

• Instead of finding another job as an attorney, Jeff decided to invest in real estate
• How Jeff saved up $20,000 in six months and bought their first condo for $30,000

[13:53 - 22:30] Jeff’s Book shares About Positivity

• Jeff discusses how leukemia changed his perspective on taking risks and saying yes to experiences
• Decision-making through the lens of not wanting to regret missed opportunities

[22:31 - 27:11] Real Estate Investor Jeff Holst on Finding the Good in Every Day and Giving Back

• Good and bad things happen to everyone daily, and it's about how we perceive them
• Even when diagnosed with leukemia, Jeff focused on positive experiences and people in his life.
• After achieving financial independence, Jeff found purpose in helping others and creating content
• Jeff believes finding a purpose is vital for continued happiness and fulfillment

[27:12 - 30:11] Closing Segment

• Best investment: the first condominium that Jeff bought
• Worst investment: Buying a put option on Facebook
• Most important lesson: Do things that you love, and don't wait to see those things

Quotes:

"I have a personal life philosophy about not having bad days. If I'm gonna die, I'm going to live good days until I die." - Jeff Holst

"Don't make a Morocco moment. You don't want to look back and regret that you didn't do that thing." - Jeff Holst

Connect with Jeff!

Instagram: https://www.instagram.com/jeffreyholst/

Twitter: https://twitter.com/Jeffreyholst

Facebook: https://www.facebook.com/holstjd

Website: www.JeffreyHolst.com

Invest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/

Participate directly in real estate investment loans on a fractional basis. Go to www.passivewealthstrategy.com/groundfloor/ and get ready to invest on your terms.

Join our Passive Investor Club to access passive commercial real estate investment opportunities.

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or clicking here to listen to our previous episodes.

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Achieving financial goals requires constant education, networking, and self-awareness.

In this episode, Taylor welcomes Billy Keels back to share how he achieved his financial independence. Growing up in a lower-middle-class family, Billy faced rejection twice for his dream job. After taking a one-year sabbatical, he worked and traveled through 58 countries by age 26. He settled in Europe and worked in the IT industry for over 20 years, all while investing exclusively in the US.

Throughout the conversation, Billy shares how he learned from his mistakes and developed processes for customer service and attracting good tenants to scale up his real estate portfolio eventually. He also talks about how he solved his tax problem by moving toward the energy sector and investing in opportunities that allowed him to keep more of his income for passive income streams. Achieving financial goals requires constant education, networking, and self-awareness. Tune into this episode as we dive deep into Billy's journey toward financial independence and how you can learn from his experiences to achieve your financial goals.

[00:01 - 08:49] Opening Segment

• Billy's background and career
• Retired from his corporate life thanks to his investments

[08:50 - 20:12] From Financial Crisis to Long-Distance Investing

• Research into investing led to long-distance investing
• Focusing on processes rather than specific properties
• Improving customer service and attracting the right residents
• How Billy became an accredited investor and invested in more significant multi-family buildings, hotel development projects, ATMs, and energy equipment
• Ways to keep more income tax in the energy sector

[20:13 - 33:57] Navigating the World of Oil and Gas Investing

• Investing in the energy sector provides substantial income tax benefits and future returns
• Oil and gas investing can be risky and requires due diligence
• Asking questions is vital to make informed decisions as an investor
• Discussion on Paris Agreement and reducing CO2 levels in the atmosphere
• Use of technology to capture carbon and produce additional oil and gas from known reserves
• The importance of having a diverse set of assets and vehicles to achieve financial goals

[33:58 - 39:29] Closing Segment

• Favorite book: The Creature from Jekyll Island by G. Edward Griffin
• A key tool for business: Video conferencing
• Where to travel this 2023: United States

Quotes:

"It was a matter of how do I take all of these different assets, these different vehicles, combine them, to truly help get me to the goal?" - Billy Keels

"Every single time you have a question, it's really important to ask. Because the worst thing that can happen [...] is that person can't answer you, and that should be a really big red flag." - Billy Keels

"Unless it's actually moving, it's investing, it's doing stuff, it's taking risks, you're losing every day anyway." - Billy Keels

Connect with Billy!

Website: www.firstgencp.com/paylesstax

Podcast: Going Long Podcast

LinkedIn: https://www.linkedin.com/in/billykeels/?originalSubdomain=es

Invest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/

Participate directly in real estate investment loans on a fractional basis. Go to www.passivewealthstrategy.com/groundfloor/ and get ready to invest on your terms.

Join our Passive Investor Club to access passive commercial real estate investment opportunities.

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or clicking here to listen to our previous episodes.

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In this episode, we'll discuss Matt Ryan's strategy for co-living and developing affordable housing in various markets throughout the US. Matt explains that their focus is on "thesis-driven real estate." They aim to address significant socioeconomic issues by targeting the 22 to 35 demographic with affordable co-living options. His company, Re-viv, also aims to alleviate gentrification and invests 1% of pre-tax profits back into the communities where they operate. Matt also mentions how they focus on retaining customers by diversifying product types, such as offering traditional studios and bedrooms, and co-living spaces. Learn the importance of real estate as an investment and how it can create wealth and equity by tuning in!

[00:01 - 07:16] Opening Segment

• Introducing Matt to the show
• Matt's company Re-viv is a real estate private equity firm focused on co-living and community revitalization projects
• They aim to tackle socioeconomic issues and provide affordable housing for the 22-35 demographic
• Co-living reduces friction and competition in up-and-coming neighborhoods, helping to alleviate gentrification
• Co-living is a turnkey model that provides furnished bedrooms and shared common spaces, reducing friction for renters and property managers

[07:18 - 13:02] Re-viv's Co-Living Model Saves Renters Up to $500 a Month and Builds Community Engagement

• Co-living can save people $200-$500 a month compared to renting a studio or one-bedroom
• Community events and services are provided to create a sense of belonging and engagement
• Finding a market and property involves touch and feel, data analysis, and looking for growth and economic vitality
• Re-viv focuses on up-and-coming needs with good entry prices for value-add renovations
• The purchase price is vital in determining short-term and long-term cash flows and margin of error

[13:03 - 19:36] Navigating Local Regulations and Zoning Reforms in Co-Living Development

• Local regulations and zoning play a significant role in co-living development
• Heavy lift deals involve putting 20-50% of the purchase price back into the deal
• Long-term co-living is strictly a development play with opportunities for renovation
• Diversifying product types to include traditional studios, one-bedroom, and two-bedrooms to retain customers

[19:37 - 25:16] Co-living and micro-housing for millennials and gen Zs

• The trend of people leaving larger cities for more affordable areas cannot be ignored
• Work from home trend has accelerated due to COVID-19
• High-paying jobs are still concentrated in major cities
• Small-scale development, middle market or private equity, and real estate will be attractive over time
• Target tenants for co-living maybe someone in their twenties who works in the service industry or nonprofit workers, teachers, etc.

[25:17 - 34:23] Closing Segment

• Best investment: house hacking
• Worst investment: going into a business that you know nothing about
• Most important lesson: doing the deep dive and thinking about what you don't know

Quotes:

"Sharing space isn't always the easiest thing. You want to create a high level of engagement and a high level of sense of community and belonging and kind of work through just some of those issues that people run into from a roommate situation as well." - Matt Ryan

"As a nation, we're largely not building enough housing and haven't been for a very long time." - Matt Ryan

"Identifying the things that you don't know or the most risky elements of investing is crucial." - Matt Ryan

Connect with Matt!

Website: www.re-viv.com

Invest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/

Participate directly in real estate investment loans on a fractional basis. Go to www.passivewealthstrategy.com/groundfloor/ and get ready to invest on your terms.

Join our Passive Investor Club to access passive commercial real estate investment opportunities.

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or clicking here to listen to our previous episodes.

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Sam Sells, a real estate investor, joins us for an interview where he shares his journey to financial freedom. Sam started with single-family homes while working as a healthcare administrator before eventually achieving financial independence through real estate investments. He discusses his challenges during the recession and how he used VA loans to buy properties. We discuss the need for more education on real estate investing and the importance of understanding proper and wrong decisions in the field. Sam emphasizes the need for thorough inspections and budget padding when undertaking heavy-value add projects.

Additionally, he highlights their focus on positively impacting the communities where they invest. Overall, this conversation highlights valuable lessons from experience while offering advice for investors looking to make informed decisions. Tune in now for an engaging discussion!

[00:01 - 08:54] Opening Segment

• Sam Sells shares his journey to achieving financial independence through real estate investing
• He started with single-family homes and learned through books and education programs
• Sam buys neglected properties to improve the community and create safe living spaces

[08:55 - 14:30] From Flipped Houses to Mobile Home Parks: A Real Estate Investor's Journey to Success

• Sam also worked in hospital administration and global health for a decade, learning about sustainable systems and profit motives
• Eventually, he turned to commercial real estate and bought two mobile home parks with his father using a master lease tool
• They fixed up the homes and began making $10k/month in free cash

[14:31 - 22:54] The Unglamorous Reality of Scaling a Business

• Working for free requires equity or family ties
• Syndications are an easier way to build net worth and passive income
• His daily schedule involves early morning work and family time in the evening
• Making an impact on communities through heavy value-add projects requires hiring professionals and understanding the property's condition
• Budgets must be padded and capitalized correctly from the beginning to avoid blowing out of the water

[22:55 - 28:43] How to Ensure Your Investments Have a Positive Impact on Properties

• The importance of being well-capitalized in real estate investments
• Detailed inspection of properties to identify potential issues
• Knowledge of different types of sellers and their mistakes can impact the success
• Front-loading construction work for more accurate predictions and lower holding costs
• The importance of investing in clean money that aligns with personal values

[28:44 - 33:56] Closing Segment

• Best investment made: marrying his wife
• The worst investment made: investing in a structurally unstable property
• Most important lesson: It's all about the people

Quotes:

"We like to buy those properties and make a major difference there and improve the community, and in the process, improve the property and just really create safe, clean places for people to live." - Sam Sells

"Commercial real estate's a team sport." - Sam Sells

"When you invest in syndications, you can get a pretty good idea of what your money is being used for, right? You can invest in a way that's clean and it makes a difference." - Sam Sells

Connect with Sam!

Website: www.wildmountaincapital.com

Invest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/

Participate directly in real estate investment loans on a fractional basis. Go to www.passivewealthstrategy.com/groundfloor/ and get ready to invest on your terms.

Join our Passive Investor Club to access passive commercial real estate investment opportunities.

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or clicking here to listen to our previous episodes.

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Retired military veteran Marcus Long joins us to discuss his journey of 18 years investing in real estate and building his legacy. Hear how he started in 2004 somewhat accidentally and grew to own several hundred multi-family units. Learn about the importance of teaching responsible money management when building generational wealth and get valuable advice for those looking at retirement or transitioning from military life. Hear Marcus's inspiring story of how he overcame limiting beliefs and began house hacking with a condo purchase at 22, eventually rolling equity into multi-family investments. Find out why he believes investing in real estate is the best way to build wealth, what strategies he uses to teach his kids about money, and how virtual masterminds can help veterans transition from military to civilian life. Join us for an engaging conversation with Marcus Long as we dive deep into real estate investing!

[00:01 - 07:33] Opening Segment

• Marcus shares his background and career
• Investing from a distance and focusing on legacy planning
• Acquired, invested, partnered on, or otherwise had a hand in over 150 million commercial real estate acquisitions

[07:34 - 12:50] Overcoming Limiting Beliefs

• Marcus' strategy was a mix of buying with in-place cash flows and adding value/raising rents
• Marcus accumulated a number of properties; some cash flowed decently, and others required more work than expected
• Used equity from properties to acquire more properties and lines of credit
• Started selling some properties to roll equity into multi-family properties
• Decided to retire shortly after realizing how much time was spent at work

[12:51 - 25:45] Building a Brand and Networking Overseas

• How Marcus pursued entrepreneurship after leaving the military
• Started networking and connecting with others before moving to England
• Joined a virtual mastermind for active duty and veterans to build relationships
• Legacy planning is critical to Marcus's strategy and priorities
• Teaching kids about assets, liabilities, and responsible use of money

[25:46 - 31:59] Closing Segment

• The best investment made: a condo bought at age 22
• The worst investment made: mental drag working with property management and contractors
• The most important lesson learned: It's all about people
  • The Go-Giver by Bob Burg

Quotes:

"If we're gonna build something where there is some generational wealth to pass down, I think it's our responsibility to kind of educate and show our kids or whoever it is that you are passing that money onto." - Marcus Long

"In business, it's a lot about people. Whether it's the residents that live there, the property management people that we work with, the contractors that are helping us, or the passive investors." - Marcus Long

Connect with Marcus!

Website: www.alonglegacy.com

Invest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/

Participate directly in real estate investment loans on a fractional basis. Go to www.passivewealthstrategy.com/groundfloor/ and get ready to invest on your terms.

Join our Passive Investor Club to access passive commercial real estate investment opportunities.

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or clicking here to listen to our previous episodes.

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Join Taylor Loht as he sits down with real estate investor Jason Lee to discuss the intricacies of building broker relationships when investing in commercial multi-family real estate. With a $40 million-plus portfolio in San Diego, Jason shares his strategies for success and the lessons he has learned from his clients. Learn how to stand out from other buyers, target active brokers looking to build their client list, diversify and make money in this industry. Discover how Jason has been able to purchase off-market properties at a discounted rate, fix them up, and then resell them for double what he bought. Tune in to this episode as they discuss strategies for breaking into the commercial real estate industry!

[00:01 - 07:30] Opening Segment

• Building relationships with brokers is vital to successful multi-family investing
• Give the broker information about yourself and your current buying situation
• Let the broker know that you are well-capitalized and have the capital to place

[07:31 - 14:29] Making a Million Dollars in Equity: How to Capitalize on Starting Relationships in the Commercial Real Estate Market

• Take brokers out to lunch to build relationships and stand out
• If investing outside of the area, use technology to meet face-to-face or visit the market
• Target brokers who are younger and hungry and active on the phones
• Invest in properties that need to be rebuilt and convert existing inhabitable space into legal units

[14:30 - 25:34] Transactions Slowing Down in San Diego Real Estate Market as Interest Rates Rise

• Buying properties off-market at a low valuation and fixing them up to sell for double the price
• Learning from high net worth clients that it's essential to buy in all markets and be aware of current sales comps
• Transactions have slowed down due to sellers being well-capitalized with little debt

[25:35 - 28:15] Closing Segment

• Jason's best investment: buying a four-unit property during the pandemic for $975,000 and selling it for $2 million
• Jason's worst investment: hiring a nightmare contractor
• The most important lesson learned: valuing relationships over money

Quotes:

"The more info they give me about themselves and about their current buying situation, the more I want to help them because they're giving me something to work with." - Jason Lee

"You have to meet face-to-face. We have to know who you are, and you know what you stand for and what you're looking for." - Jason Lee

"No matter how good a deal is, some side of your brain is always going to think it's too risky, and you just gotta follow your gut and go with it." - Jason Lee

"You have to see how a person acts in the bad times and not only the good times because when things go south, and you see some sort of challenge faced with you or your potential partner, that's when you kind of see their true colors come out." - Jason Lee

Connect with Jason!

• Email: jason@jlmrealestateinc.com

Invest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/

Participate directly in real estate investment loans on a fractional basis. Go to www.passivewealthstrategy.com/groundfloor/ and get ready to invest on your terms.

Join our Passive Investor Club to access passive commercial real estate investment opportunities.

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or clicking here to listen to our previous episodes.

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What does it mean to be truly financially free? In this episode, we're exploring how Mike Deaton went from being laid off to achieving financial freedom through real estate investing. He and his wife studied real estate investing in their newfound free time. They were committed to downsizing their lifestyle and had replaced their previous income with passive income from their investments within one year. He also discusses how they could qualify as real estate professionals, which allowed them to take advantage of tax deductions. He'll share the strategies for investing in multi-family properties, how to assess your personality, resources, and situation when investing in real estate, the importance of fear setting, and more. Join us as we explore Mike's inspiring story of achieving financial freedom through real estate investing.

[00:01 - 08:04] Opening Segment

• How Mike and his wife committed to real estate investing and achieved financial independence
• Diversifying into commercial real estate, primarily multi-family investments

[08:05 - 12:28] From Unemployed to Financially Free: A Journey of Reinvention and Cash Flow Generation Through Real Estate Investing

• Mike in a program and found a coach to help with the journey
• Set conditions for success, but adjusted as the business model became successful

[12:29 - 25:11] Exploring Passive Investing and Multi-Family Real Estate to Create a Passive Income Stream

• Investing $5,000 in property and selling it for $25,000 can yield high returns
• Owner financing is often used when selling properties
• Fear setting can be used to explore worst-case scenarios
• Multi-family properties are a good asset class due to the housing gap
• Syndication models can be used to purchase more significant properties

[25:12 - 30:18] Closing Segment

• Mike's best investment: the land business
• Mike's worst investment: being an angel investor in a tech startup back in 2010
• Most important lesson: do it with your eyes open

Quotes:

"If you find a community that's doing what you want to do, you will accelerate your learning." - Mike Deaton

"The most important aspect of doing your due diligence is on the people that are involved in the deal." - Mike Deaton

"Success leaves clues." - Mike Deaton

Connect with Mike!

Website. www.FlippingDirt.us

Invest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/

Participate directly in real estate investment loans on a fractional basis. Go to www.passivewealthstrategy.com/groundfloor/ and get ready to invest on your terms.

Join our Passive Investor Club to access passive commercial real estate investment opportunities.

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or clicking here to listen to our previous episodes.

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What's up with all of these bank failures? What's the top thing CRE investors should think about? Should we expect rates to start coming down?

Last week Taylor attended the Best Ever Real Estate Conference. He shares a few of his thoughts on the event, meeting listeners and past podcast guests, and the topic that created the most buzz.

Learn about investing with Taylor at www.investwithtaylor.com

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Craig Napoliello, a successful real estate investor and busy professional with a W2 job, discusses his experience building his real estate portfolio of over 600 rental units in New York City and North Carolina. Craig shares his successes and mistakes along the way and how he balances his real estate investments with his day job and family commitments. He also explains how investing in bookkeepers, QuickBooks, and legal representation can help prevent delays down the road and long-term stress. He emphasizes the importance of setting high standards for partners in the business and striving to find individuals who are nine or ten out of ten. This conversation also explores how remote workers and employees from other countries can effectively expand teams without sacrificing performance or employee satisfaction. Tune in to hear more about Craig's experiences as a real estate investor, balancing a full-time job with investing in real estate, taking advantage of tax advantages with W2 employment, creating a supportive team environment for success, and other invaluable insights!

[00:02 - 11:34] Opening Segment

• Balancing real estate commitments with W2 and family commitments
• Mistakes Craig made along the way while building his real estate portfolio
• Investing in mom and pop run businesses often comes with books that are not well-kept and sloppy information
• Investing upfront in understanding every single penny of the ins and outs of finances
• Setting KPIs and important ratios is essential
• Having a team of partners who are nine or ten in terms of their performance is ideal
• Hiring bookkeepers, lawyers, and other experts can help save money in the long run

[11:35 - 21:28] Balancing Responsibilities and Finding Success

• Investing in the best people and paying them more than the market rate
• Focusing on who, not how, when it comes to personnel
• Holding partners and employees to a higher standard
• Allocating time differently to focus on real estate investments
• Making a deliberate decision to invest time in real estate instead of watching TV
• Learning about mobile home parks, being a real estate professional, and cost segregation

[21:29 - 26:57] Unlocking the Benefits of Real Estate Investing

• Pivoted from multi-family to mobile home park investing
• Sticky revenue and long-term vision of backstop for family
• Tax incentives for real estate professionals with bonus depreciation
• Filing taxes together to write paper losses against W2 income
• Using tax strategy as additional fuel to drive real estate journey

[26:58 - 36:26] Closing Segment

• Craig's favorite book:
  • Small Giants by Bo Burlingham
  • Books by Benjamin Hardy
• Tool or strategy that Craig can't live without: remote workers
• The next thing that Craig needs: a better understanding of every single penny in Craig's business

Quote/s:

"Treating [remote workers] with a tremendous amount of respect as if they're a part of the business. And if that means paying them much more than the market, any of these things, it's well worth it." - Craig Napoliello

Connect with Craig!

Email: craig@40oaks.com

Invest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/

Participate directly in real estate investment loans on a fractional basis. Go to www.passivewealthstrategy.com/groundfloor/ and get ready to invest on your terms.

Join our Passive Investor Club to access passive commercial real estate investment opportunities.

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or clicking here to listen to our previous episodes.

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Taylor talks to Andrew Schutsky about his journey as a real estate investor. Andrew started 15 years ago by buying a short-term rental property for his family to use as a vacation home. He then decided to take things further and scale up, researching Bigger Pockets and the multi-family space. This conversation will discuss the benefits and drawbacks of investing in short-term rentals and multi-family investments, looking at factors such as depreciation and appreciation, cash flow, landlord laws in different locations, budget for renovations, reserves for unexpected expenses, and more. Andrew will also speak about the importance of balancing real estate investing and other commitments. Finally, he'll talk about the need for reliable partners when investing in multi-family real estate - from referrals from people who have worked with them in the past to setting up a transparent process for asset management with one specific individual assigned as an asset manager with a consistent cadence. Join us to learn more about Andrew's journey and hear his advice!

[00:01 - 06:48] Opening Segment

• Andrew started investing in short-term rentals to have a place to take his family on vacation
• Got into multi-family investing and now does both
• Balances real estate investing with family commitments and professional commitments
• The process for adding long-term multi-family into the investment process
• Building/renting new construction or value add multi-family for passive income

[06:49 - 14:11] Exploring the Benefits of Short-Term Rental Investing: Lessons Learned and When to Cash In

• Depreciation from short-term rentals has been a huge benefit
• No taxable income on any of the short-term rentals generated so far
• Appreciation and depreciation are two of the most significant benefits from a cash flow standpoint
• Have an ample renovation budget, double what you expect
• Long-term appreciation potential has been the biggest win

[14:12 - 19:51] Finding Your Real Estate Niche: Balancing Time Commitments, Family and Investing

• Interest rates are still low, and property values are high
• The right moment to cash in on these things has not dropped that much yet.
• It is essential to be consistent with commitments and flexible when life gets in the way.
• Know which action to take and draw out priorities to knock out tasks when time is available.
• Focus on what you are good at or like doing, and test it out by dedicating 60-90 days to it

[19:52 - 26:57] The Key to Successful Asset Management in Multi-Family Deals

• Referrals from people who have worked with potential partners in the past are vital to finding compatible partners
• Ask questions about communication style and respect for the time when vetting potential partners
• Having one specific individual as the asset manager is essential for clarity and success
• Establish a regular cadence of communication with the property manager

[26:58 - 31:21] Closing Segment

• Best investment: a 43-unit property in Greenville, South Carolina
• Worst investment: a stock that was a startup pharmaceutical
• The most important lesson learned: don't try to do it all yourself and figure out what you're good at

Connect with Andrew!

Website: www.InvestwithRedline.com

Invest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/

Participate directly in real estate investment loans on a fractional basis. Go to www.passivewealthstrategy.com/groundfloor/ and get ready to invest on your terms.

Join our Passive Investor Club to access passive commercial real estate investment opportunities.

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or clicking here to listen to our previous episodes.

Quotes:

"There is no magic bullet. For me, it's all about just being consistent with your commitments and yourself and being flexible." - Andrew Schutsky

"It sounds simple, but it can't be overstated. How important is it for someone getting into the game and thinking that they're going to just figure it out as they go? I can tell you it will not go well." - Andrew Schutsky

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Join Taylor Loht and Jonathan Nichols to explore transitioning from a traditional career to full-time real estate investing. Jonathan, an aerospace engineer, shares his inspiring story of leaving the corporate world to take a risk on himself and pursue his passion. Listen as they discuss the differences between active and passive investments and the thought process behind Jonathan's decision to focus on active investing over passive. Learn what motivated Jonathan to invest in a fourplex house hack before scaling his investments into short-term rentals and how he built business systems that allowed for growth without losing sight of his long-term goals. This conversation provides insight into the mindset of a successful real estate investor, touches on the risks and rewards associated with taking professional risks in one's twenties, and offers helpful advice for anyone looking to make a similar transition.

[00:01 - 08:08] Opening Segment

• Jonathan started as a busy professional and engineer investing in one fourplex
• The thought processes and mindset differences between active and passive real estate investing.
• Jonathan's story provides insight into his journey to becoming a full-time active real estate investor, the mindsets, principles, and processes employed to get there

[08:09 - 13:55] Pros, Cons, and Challenges of Active Real Estate Investing

• Multi-family syndications involve pooling a group of investors together to purchase a large multi-family complex
• There are two classes of shares: general partnership shares (active) and limited partners (passive)
• Being an active investor involves significant risk, effort, and stress
• Passive investing allows individuals to participate in the benefits of real estate investing without as much risk and effort

[13:56 - 24:04] Taking Risks and Building Systems: A Look at How Age Factors Into Risk Tolerance and Business Growth

• Risk tolerance changes with age and life circumstances
• The importance of weighing the cost-benefit analysis of investments
• Pivoting from short-term rentals to more significant multi-family investments
• Building business systems is an investment that requires mental fortitude
• Focusing on the next step ahead to achieve long-term goals
• The corporate world limited potential rewards for hard work

[24:05 - 30:08] Closing Segment

• Best investment: first multi-family property in Tulsa, Oklahoma
• Worst investment: a passive investment with poor sponsorship team
• Most important lesson: don't set limiting beliefs for yourself and write down goals to make them real

Connect with Jonathan:

LinkedIn: https://www.linkedin.com/in/jonathan-nichols45/

Website: www.apogeemfc.com

Invest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/

Participate directly in real estate investment loans on a fractional basis. Go to www.passivewealthstrategy.com/groundfloor/ and get ready to invest on your terms.

Join our Passive Investor Club to access passive commercial real estate investment opportunities.

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or clicking here to listen to our previous episodes.

Quotes:

"Passive investing gives individuals an opportunity to participate in most of the benefits of real estate investing without as much risk and as much effort." - Jonathan Nichols

"It's out of the desire to help my passive investors. It's out of the desire to be successful in what I've promised to my passive investors." - Jonathan Nichols

"Don't set limiting beliefs for yourself." - Jonathan Nichols

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Sam Bates joins us to discuss the ins and outs of ground-up multi-family development. Sam shares his wealth of knowledge on the topic, from understanding why one might want to focus on this type of investment to protecting potential downsides when structuring purchase and sale agreements. He explains how they find and entitle land, analyze the market, and decide what properties to build on raw land parcels. He also covers how they use third-party market studies to make informed decisions, negotiate with sellers, how relationships with cities and counties come into play, and more. Plus, Sam shares his insights on rising interest rates and debt costs that affect new developments, competitive advantages in investing in real estate due to population growth, and demand for housing across the country. Tune in for a wealth of information for those looking to invest in ground-up multi-family development.

[00:01 - 06:28] Discovering the Benefits of Ground-Up Multi-Family Development

• Cap rates and interest rates have decreased over the past 40 years but are starting to rise again
• Ground-up multi-family development can create a lot of value for investors and developers
• Investors with different time horizons should consider other types of investments
• The minimum median household income for ground-up multi-family development should be 70,000

[06:29- 16:28] Navigating the Complexities of Developing Multi-Family Properties

• BG and other market study providers can show supply and demand characteristics
• It is more difficult to find land to develop than to acquire an existing property
• Landowners often need assurances that progress is being made to negotiate a purchase and sale agreement

[16:29 - 23:36] Navigating the Challenges of Increasing Interest Rates and Costs of Debt in Real Estate Development

• Flexibility and willingness to pivot during development are key
• Class A properties use top-of-the-line materials, such as quartz or granite, and stainless steel
• Property taxes in Texas are very aggressive
• Increasing costs of debt will impact new development, and investors should expect lower returns
• Multi-family has a competitive advantage due to access to financing and population growth

[23:37- 28:49] Closing Segment

• Best investment ever made: the development in the 3000 population market
• Worst investment ever made: doing single family all by himself
• The most important lesson learned: being decisive

Connect with Sam through LinkedIn, or visit www.BatesCapitalGroup.com/invest.

Invest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/

Participate directly in real estate investment loans on a fractional basis. Go to www.passivewealthstrategy.com/groundfloor/ and get ready to invest on your terms.

Join our Passive Investor Club to access passive commercial real estate investment opportunities.

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or clicking here to listen to our previous episodes.

Quotes:

"If you have a longer time horizon, if you're more geared or inclined to take on, I won't even say risk, but just longer time horizons development's the way to go." - Sam Bates

"Sometimes too much debt is a detriment, but we do get 60, 70, 80% financing at fairly cheap money, especially compared to pre-for investor expectations." - Sam Bates

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Eric Chadderon shares his story of building a successful real estate investment team with his family. He dives deep into the importance of understanding each person's roles, setting guardrails to protect the family relationship, and having an education platform to propel you in the right direction. He emphasizes that having a solution-oriented mindset, thinking positively, and pushing through tough times are critical factors in succeeding. Eric also shares advice for those considering going into business with their family members and how to draw the line between business and family time. This conversation offers critical insights into the importance of education, building a solid team, and having the right mindset for success in real estate.

[00:01 - 06:40] Building a Team to Invest in Real Estate Together: Eric Chatterton Shares His Process for Successful Family Investing

• Eric was inspired to invest in real estate after seeing his parents work long hours and self-manage multiple properties
• Eric believes in getting an education and surrounding yourself with people that are actively doing it
• His family is now part of his multi-family team, helping with asset management
• The biggest mistakes Eric'sEric's parents made were the size of their investments and the market they chose to invest in

[06:41 - 13:27] Building a Team and Overcoming Adversity: How One Real Estate Investor Achieved Success in Multi-Family Investing

• How Eric started building a team to become an expert in the real estate space
• Family members were brought into the group with different skill sets
• The team consists of five members and has acquired seven multi-family buildings together
• Underlying factors for success include past performance, belief in oneself, grit, and a solution-oriented mindset

[13:28 - 19:59] Balancing Family and Business: How to Separate the Two in Real Estate Investing

• Developing relationships with sponsors to increase the strength of the team
• Submitting offers and seeking feedback from brokers
• How Eric started with a lack of confidence but grew as they learned from each experience
• Underwent a process of underwriting and due diligence before submitting offers
• It took seven months to close on the first deal, but ten days for the second due to the new approach
• John C. Maxwell'sMaxwell's book "Failing Forward" teaches how to shift your mindset and seek out failure for growth
• Finding the balance between family life and business is a constant battle

[19:59 - 25:59] Investing in Your Spouse: How Eric and Savannah Changed Everything with a Bold Stance on Family Time

• Eric's wife, Savannah, made a firm stance that family time should be kept separate from business time
• Mutual respect and communication are critical to a successful partnership
• Everyone should stay in their lane and trust each other
• Investment in one's spouse is essential to support their goals and dreams

[26:00 - 33:23] Closing Segment

• Best investment: Eric's wife and team
• Worst investment: hemp farm
• Most important lesson: communication and transparency

Connect with Eric through LinkedIn, Facebook, or visit www.GibbysCapital.com.

Invest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/

Participate directly in real estate investment loans on a fractional basis. Go to www.passivewealthstrategy.com/groundfloor/ and get ready to invest on your terms.

Join our Passive Investor Club to access passive commercial real estate investment opportunities.

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or clicking here to listen to our previous episodes.

Quotes:

"The ability to push through adversity is probably the number one thing because it's not all sunshine and rainbows. This is a tough business, and you need to make sure that you're fully prepared, and you're educated the right way." - Eric Chadderdon

"I believe that past performance is a huge indicator of future performance." - Eric Chadderdon

"The best investment I ever made other than in my education was an investment into my wife." - Eric Chadderdon

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Are you interested in learning how to transition from tech entrepreneurship to real estate investing? In this episode, we sit down with John Todderud, a former tech and software entrepreneur who now invests in real estate full-time. He shares his experience in the tech space and how he brought some realism to that field while transitioning to investing in real estate. We explore his strategies for examining properties or hiring people to examine them before he buys them, as well as how he successfully supports remotely from the Midwest while living on the west coast. We compare and contrast some of the big swings and misses folks make in the tech space with investing in real estate and discuss key strategies for successful remote real estate investing. John also emphasizes the importance of proving revenues and demonstrating viability for an investment to be successful, regardless of what field it is in. Tune into this conversation to gain insight into remote real estate investing and a realistic perspective from someone who has experienced both sides of the coin!

[00:01 - 07:03] Comparing and Contrasting the Tech World to Real Estate Investing with John Todd Rud

• John Todderud is a former tech and software entrepreneur and W2 employee
• Switched to investing in real estate full-time
• Comparing and contrasting big swings and misses in the tech space with real estate investing
• Investing from a long distance, building teams, understanding markets
• Examining properties or hiring people to review them before buying
• Acquired, invested in, partnered on, or otherwise had a hand in over 150 million commercial real estate acquisitions

[07:04 - 14:55] Tech Entrepreneurship: The Reality vs. the Misconceptions

• Tech entrepreneurship is not always a home run, with only one out of ten startups being successful
• Angel financing and venture capital are essential for tech startups
• The US values entrepreneurs, and there is an engaging and supportive community for technology startups
• Real estate investing is more about base hits than home runs, with returns typically in the range of 12 to 20%

[14:56 - 23:29] Building Knowledge of Submarkets: Networking, Talking to People, and Utilizing Online Platforms

• Using online platforms to gain knowledge of an area
• Developing relationships with local property managers and brokers
• Placing a Craigslist ad for a local photographer to take pictures of the property
• Gathering data on neighborhood crime, growth rates, household incomes, and property values
• Learning from people met at networking events and conferences
• Talking to brokers to gain insight into the market

[23:30 - 29:54] Closing Segment

• Best investment: a trombone when John was 14 years old
• Worst investment: a property in a C minus market
• The most important lesson learned: persistence and believing in your abilities

Connect with John through John@cardinaloak.com or by visiting www.LearnAboutApartments.com.

Invest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/

Participate directly in real estate investment loans on a fractional basis. Go to www.passivewealthstrategy.com/groundfloor/ and get ready to invest on your terms.

Join our Passive Investor Club to access passive commercial real estate investment opportunities.

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or clicking here to listen to our previous episodes.

Quotes:

"It's a thrill to get a successful company started, but as any early stage investor will tell you, not all of them are successful.” - John Todderud

"It is good to have people that you trust in the local market.” - John Todderud

View Details

Meredith Garrett shares a unique business venture. She is involved in setting up glamping domes on a 20-acre property for short-term stays. She discusses the different rates depending on the season and demand and how cleaning fees range from 75-99 dollars. In addition to discussing the steps taken to build a successful short-term rental business in Nashville and Palm Springs, she emphasizes the importance of researching local regulations, understanding seasonality, and looking for an area of potential appreciation for an investor. Tune in now to learn more about how you can benefit from self-managing your properties and investing in real estate!

[00:02 - 06:40] Discover the Benefits of Glamping

• Glamping combines an outdoor cabin space and camping with amenities such as running water, dishwashers, full refrigerators, microwaves, heat and air, comfy mattresses, etc.
• Typical glamping stays are two to three nights, and the rental rate fluctuates depending on the

[06:41 - 14:33] Investing in the Glamping Business: A Cash Flow Business Model with High Margins and Big Barrier of Entry

• Glamping operates similarly to a short-term rental, with cleaning fees between $75 and $99
• Rates range from $100-$450/night, depending on the season
• During winter months, temperatures can drop as low as 5 degrees, and snow is common
• The property is 20 acres and includes eight domes, a lodge, jacuzzis, and a water filtration system
• The goal is to provide a nature experience for families who don't usually go camping
• The business model is cash-flow focused and not necessarily designed for an exit strategy

[14:34 - 23:53] Investing in Short-Term Rentals: How to Find the Right Market and Maximize Profits

• Moved to Nashville in 2018 and heard about the margin potential in short-term rentals
• Found a superb property and started building/buying more short-term rentals
• Nashville regulations changed, requiring properties to be on commercial property
• The need to look at rules, seasonality, and appreciation potential when looking for a new market

[23:54 - 27:59] Closing Segment

• Best investing: a building in downtown Nashville
• A condominium in LA
• Connect with Meredith through the links below

Connect with Meredith through TikTok, or visit glamp.stayminty.com.

Invest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/

Participate directly in real estate investment loans on a fractional basis. Go to www.passivewealthstrategy.com/groundfloor/ and get ready to invest on your terms.

Join our Passive Investor Club to access passive commercial real estate investment opportunities.

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or clicking here to listen to our previous episodes.

Quotes:

"I don't wanna wait for the payday, and the margins in this game, in this new asset class, are very, very good." - Meredith Garrett

"I also personally like to go into markets where I feel like you're also gonna catch some appreciation of some undervalued markets." - Meredith Garrett

View Details

Taylor Loht dives into the importance of hiring a third-party property manager to manage long-term rentals with Colin Smith, a successful real estate investor and property manager. Colin shares his principles, strategies, and business systems for managing long-term rentals throughout the conversation. Taylor emphasizes focusing on value rather than cost when considering self-managing versus hiring a property manager. Learn how to find and place tenants, the importance of following fair housing regulations, and various methods for screening tenants, such as background checks, eviction checks, and landlord references. Discover why having quality photos and 3D virtual tours can help create trust with tenants. Plus, learn about the habits of successful investors, such as taking care of tenants, investing in repairs, not allowing tenants to do work instead of rent, and not letting late rent accumulate, which can lead to significant financial losses.

[00:01 - 07:03] Opening Segment

• Colin Smith is a successful real estate investor and property manager
• Principles, pitfalls, and mistakes that mom-and-pop single owners make when self-managing their properties
• Focus on value rather than cost when considering property managers
• Property managers can help generate passive cash flow

[07:04 - 14:36] Understanding the Life Cycle of a Lease and How to Properly Screen Tenants: A Guide to Self-Managing Rental Properties

• Self-managing often leads to mistakes and errors
• Creating procedures and building the business side of rental management are important
• The 3D virtual tour is a great way to document the condition of the property before and after a tenant moves in
• Adhering to fair housing laws is critical when screening tenants
• Looking at rental income, background checks, eviction checks, landlord references, and employer calls are all essential steps in the screening process

[14:37 - 27:59] Navigating Eviction Procedures in Colorado: What Property Managers Need to Know

• The eviction process in Colorado can take up to 50-60 days
• Colorado made changes in 2020 requiring a seven business day wait period before posting late notice
• Non-communicative tenants force the eviction process forward
• Eviction can be canceled up until the second the sheriff knocks on the door
• Rent should be paid on time, and any exceptions should be taken into consideration
• Eviction laws are often not in favor of the landlord
• Best landlords take care of their tenants by authorizing better repairs and not letting things slide
• Most successful investors take care of their tenants and don't let them do work for free rent

[28:00 - 33:17] Closing Segment

• Colin's best investment
• Colin's worst investment
• The most important lesson in investing: Trying and failing is better than not doing anything

Connect with Colin by visiting www.solidrockre.com.

Invest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/

Participate directly in real estate investment loans on a fractional basis. Go to www.passivewealthstrategy.com/groundfloor/ and get ready to invest on your terms.

Join our Passive Investor Club to access passive commercial real estate investment opportunities.

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or clicking here to listen to our previous episodes.

Quotes:

"Focus on value rather than cost." - Colin Smith

"The underlying principle here really is that by hiring a property manager, you have policies, procedures, resources, and all these assets involved in the business that you." - Colin Smith

View Details

As the Federal Reserve is expected to keep interest rates elevated through 2024, investors face challenges as they come out of loan periods that began when the market was high, and cap rates were low. This has caused transactional velocity and financing costs to go up, potentially creating a housing undersupply issue. Adam Finkel shares his experience investing in commercial real estate, providing insight into debt and equity markets and how lenders deal in this current market cycle. He also advises finding the best capital sources, bringing more equity, looking for different equity sources, and focusing on deals with longer-term time horizons. Listen to this informative episode to learn more about what lenders look for when considering an investment, how to act with integrity when conducting business, and what investors should consider when matching their financing to their time horizon.

[00:01 - 06:58] Dealing with Rising Interest Rates in Commercial Real Estate: How Investors are Adapting to the New Market Cycle

• Interest rates have been kept low by the Federal Reserve to support a healthy economy
• The Federal Reserve has recently increased interest rates to fight inflation
• Banks and private equity groups are having a hard time valuing assets
• Investors are dealing with higher rates by bringing more equity to the table or looking for different equity sources

[06:59 - 15:30] Investors Face Challenges in a Changing Interest Rate Environment

• Investors are facing challenges due to the current market environment.
• Options for those with loans coming due include bringing equity, getting a lower-leverage loan, or adding a supplemental loan.
• Those with variable interest rate loans can look to lock in fixed-rate debt
• The Federal Reserve is expected to continue increasing rates through spring and potentially into 2024

[15:39 - 24:53] Commercial Real Estate Investing: Risk and Reward in an Era of Reduced Liquidity and Increased Focus on the Sponsor

• Commercial real estate as an asset class has become riskier
• When investing, return is always a balance of risk and reward
• Developers are finding it challenging to find capital for their projects
• When looking at a business plan or underwriting package for a new acquisition, lenders focus on the sponsor's experience, market studies, net worth, liquidity, and team members
• Lenders are looking at the borrower and not just the property when assessing a loan

[24:54 - 31:13] Closing Segment

• The best investment was a value add a multi-family project with a 3.5x return in 2.5 years
• The worst investment was in a condominium fix and flip with an inexperienced partner
• See the links below to connect with Adam

Connect with Adam through www.TowerCapLLC.com and adam@towercapllc.com.

Invest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/

Participate directly in real estate investment loans on a fractional basis. Go to www.passivewealthstrategy.com/groundfloor/ and get ready to invest on your terms.

Join our Passive Investor Club to access passive commercial real estate investment opportunities.

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or clicking here to listen to our previous episodes.

Quotes:

"The old adage of 'real estate, location, location, location' now it's really sponsor, sponsor, sponsor." - Adam Finkel

View Details

Taylor interviews Trevor Crow, an experienced attorney who specializes in real estate syndication law. They dive into what institutional investors look for when investing as a limited partner in a syndication deal and how Main Street investors can apply those lessons and strategies to their investments. From understanding the typical size of deals that Trevor works on, ranging from one-off syndicated deals to packages of 16 hotels at a time, to the negotiation process between individual investors and larger capital providers, this conversation offers valuable insight into the potential risks and protections that passive investors need to be aware of. Listen in as they discuss key factors such as fees and decision rights, removal of the manager for gross negligence or fraud, arbitration agreements, and bankruptcy of the manager - all so you can make sure you're protected when investing in a syndication deal!

[00:01 - 05:01] Digging into Institutional Real Estate Investors: What Big Guys Look for in Syndicated Deals with Trevor Crow

• Trevor discusses his experience working with institutional investors and what they look for when investing as a limited partner in real estate Syndications
• How Main Street investors can apply the strategies of institutional investors to their investments in real estate syndications
• Deals range from first-time syndicators to 150-million-dollar real estate funds
• Negotiations are different depending on the size of the deal

[05:02 - 14:31] Negotiating Terms of Deals with Large Capital Providers: Fraud, Loss of Promote, and Removal of Manager

• LP-sided document vs. sponsor-favorable documents
• Major decision section requiring approval for certain actions
• Negotiation of fees and distribution waterfall
• Tiered structure to ensure capital provider receives money along the way
• Removal of manager and loss of promotion due to fraud, gross negligence, reckless conduct, etc.

[14:32 - 21:55] Protecting Yourself as a Passive Investor in Syndication Deals

• Fraud, gross negligence, breach of contract, and taking unauthorized actions are key issues to look out for
• The bankruptcy of the manager can lead to a loss of promote
• Arbitration agreements should be tailored to the situation and may not always be faster or cheaper than court
• Check if there are any major decision rights granted
• Be aware that retail investors may have less power in these situations

[21:56 - 27:01] Closing Segment

• What is the best investment you ever made: buying a town in 2007
• See the links below to connect with Trevor

Connect with Trevor through trevor@doidacrow.com, or visit www.DoidaCrow.com.

Invest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/

Participate directly in real estate investment loans on a fractional basis. Go to www.passivewealthstrategy.com/groundfloor/ and get ready to invest on your terms.

Join our Passive Investor Club for access to passive commercial real estate investment opportunities.

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or clicking here to listen to our previous episodes.

Quotes:

"I've learned that the network is a much better way of getting out there and finding qualified clients that are good fits." - Trevor Crow

"Getting rid of risk, but make sure that it's not fully written in this indicator's favor, and you're just up a creek without a paddle." - Trevor Crow

View Details

Taylor is joined by Robert Preston, a former Marine Pilot who now invests in RV parks. Robert shares his incredible journey, starting with very little money and time while serving in the military, getting into wholesaling and flipping houses, transitioning to single and multifamily real estate investing, and finally, successfully investing in RV parks. He dives into his strategies for finding and managing these deals, as well as why they provide an opportunity to build wealth. Robert also provides advice for service members on how to use their credit from a government paycheck to invest. This conversation highlights the potential of RV park investments and reminds us that having the right people on board can make a big difference in our investments. Tune in to learn how Robert went from flipping houses to investing in commercial real estate, to apartment investing, and eventually transitioning to RV parks - you don't want to miss it!

[00:07 - 08:01] Opening Segment

• Robert Preston is a former Marine Pilot who started investing in real estate while serving in the military
• He has transitioned from flipping and wholesaling to single and multifamily real estate investing
• VA loan is a great way for service members to get into real estate investing with no money down
• Flipping was an initial way to generate capital to invest
• Rental property is a great way to generate passive income

[08:02 - 16:54] Leveraging Military Credibility to Invest in RV Parks: A Journey from Flipping Houses to Managing Private Parks

• Transitioned from flipping houses to commercial real estate and then to apartment investing, then RV parks
• Realized how much money could be made in RV parks and the lack of government intervention
• Had banking credibility from military service which helped when becoming self-employed
• RV park management is a huge barrier to entry for investors

[16:55 - 23:59] Navigating the Unique Challenges of RV Park Management for Higher Returns

• RV parks require more management expertise than other asset classes
• RV parks require hospitality, customer service, and daily operations
• An internal property management system was built to manage RV parks
• Hospitality expenses may increase but maintenance and repair expenses are lower
• The target pad count or gross revenue is roughly 75 to 100 pads or sites and $500,000 of gross revenue

[24:40 - 28:16] Closing Segment

• The best investment Robert has made is his motorhome
• The worst investment Robert has made was a multi-family asset that ended up breaking even
• The most important lesson Robert has learned in business and investing is to have the right people on your team or in your deal structure

Connect with Robert by visiting www.ClimbCapital.com.

Invest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/

Participate directly in real estate investment loans on a fractional basis. Go to www.passivewealthstrategy.com/groundfloor/ and get ready to invest on your terms.

Join our Passive Investor Club for access to passive commercial real estate investment opportunities.

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or clicking here to listen to our previous episodes.

Quotes:

"One of the things that are extremely powerful from a real estate perspective is to remember the VA loan itself is a phenomenal way just to get started." - Robert Preston

"It's important to leverage that, you know, four or five years preemptive to when you get out. Because when you become ‘self-employed’ or you don't have a paycheck anymore if you have not built that credibility and net worth, you're shooting yourself in the foot.” - Robert Preston

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Join us as we speak with Glenn Gonzalez, a maintenance man-turned-millionaire who has invested in multi-family real estate for the past 25 years. From managing a 60-unit apartment complex to building his portfolio and growing it to 6,000 units, Glenn shares his experience, insights, and strategies on how to find and finance deals in the current market. He explains his reasons for selling off his portfolio, including taking advantage of lower cap rates and increasing rent prices. Hear some of his strategies such as buying partnership shares from existing LLCs and finding distressed owners in need of financing. Additionally, he shares details on how he and his business partner are conservative in their underwriting and how they are searching for construction financing. He also mentions his favorite book and a team member who has helped them stay organized throughout their business journey. Get ready to learn about Glenn’s success story in multi-family real estate investing and gain valuable knowledge on ways to make successful investments!

[00:01 - 06:41] Glenn Gonzalez: From Maintenance Man to Multimillionaire Real Estate Investor

• Glenn Gonzalez is the maintenance man who became a millionaire through multi-family real estate investing
• He started in the industry 25 years ago as a maintenance man while he was going to college
• He transitioned to a part-time manager and part-time maintenance at a 60-unit apartment complex
• He worked for equity Residential, Pacific Property Company, and Marcus Mill chap

[06:42 - 15:30] Navigating Difficult Market Conditions: How One Investor is Positioning for Success

• Deals were picked over and cap rates were 3-3.25%
• Cash on cash return of 9% from day one
• Cap rates have not adjusted with interest rates
• Looking for deals with bridge loans that can't refinance
• Structuring deals where investors can cash out their shares

[15:31 - 23:44] Obsidian Capital's Strategies for Conservative Underwriting and Securing Construction Financing

• Looking for deals where current owners had shorter-term financing at lower interest rates
• Structuring deals to buy out existing partnerships, cover the debt, or make a deal work
• The strategy of bringing investors together to pay cash for a property
• Underwriting conservatively with no rent increases and significant reserves
• Building properties from the ground up in the Austin area
• Taking advantage of other people's failed exit strategies
• Building new properties from the ground up for less than open market prices
• Holding investments for 10 years to ride out any market disruptions

[23:45 - 30:22] Closing Segment

• Favorite book: The Bible and Maintenance Man to Millionaire
• Essential tool/team member: Transaction Manager Vivi, who is now a partner in the deals

Connect with Glenn by visiting www.ObsidianCapitalCo.com

Invest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/

Participate directly in real estate investment loans on a fractional basis. Go to www.passivewealthstrategy.com/groundfloor/ and get ready to invest on your terms.

Join our Passive Investor Club for access to passive commercial real estate investment opportunities.

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or clicking here to listen to our previous episodes.

Quotes:

"Most of the people that are making a lot of money in the multi-family business were the ones that owned it, not the ones that managed it." - Glenn Gonzales

"My job is to make money for other people. And when they make money, they pay me because they're happy. That's what I do." - Glenn Gonzales

"We like to create an environment in our office where people come to work because they like to come to work, not because they have to come to work." - Glenn Gonzales

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Join Taylor Loht as he interviews 23-year veteran real estate investor, Peter Vekselman. With 3,600+ deals to his name and financial freedom achieved, Peter shares his story and provides insight into how he went from losing it all to becoming a successful real estate investor. He recounts his mistakes of trusting the wrong people and emphasizes that learning from those mistakes has been key to his success. Learn the importance of building a team when it comes to real estate investing, how to work with people, how to scale up by having the right people in the correct positions, and how to invest in others even when there is little money available. Peter also explains his partner-driven investing model which includes providing training and leads as well as handling the back office. This model aims to reduce the low success rate of real estate investors by providing them with all of the necessary tools and resources needed to be successful. Tune in for this engaging conversation about real estate investing!

[00:01 - 08:05] Peter Vekselman's Journey from Stumbling to 3,600 Deals

• Peter Vekselman has done 3,600 real estate deals through a partner-driven investing model
• Peter's journey started as an entrepreneur and he stumbled and lost it all before getting back on track
• Peter's biggest mistake was trusting the wrong people in the real estate business

[08:06 - 15:11] How to Build a Team and Scale Your Real Estate Investing Business

• Mistakes made: trusting the wrong people and diving too hard right at the beginning
• The first hire should not be a secretary; focus on developing marketing infrastructure
• Short-term pain, and long-term gain when making early hires
• Buying the right deals is important, but connecting with sellers and putting deals together is key to making money in real estate.

[15:12 - 22:41] Unlocking the Mystery of Real Estate Investing: How Partner-Driven Strategies Can Help You Achieve Success

• Real estate has an extremely poor success rate of only 5%
• Most people don't know how to bring on the right people, train them, or know who to bring on board
• One good deal can make a big impact in the beginning stages
• Partner-driven real estate investing solves the mystery of why the industry has such a low success rate.
• The strategy involves getting trained, generating leads, handling back office tasks, constructing, and marketing

[22:42 - 28:13] Closing Segment

• The importance of staying in your lane and scaling that lane
• The best investment you can make is in relationships
• The most important lesson learned: it's not about working hard or getting good grades, it's about aligning yourself with successful people.

Connect with Peter Vekselman through Instagram

Invest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/

Participate directly in real estate investment loans on a fractional basis. Go to www.passivewealthstrategy.com/groundfloor/ and get ready to invest on your terms.

Join our Passive Investor Club for access to passive commercial real estate investment opportunities.

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or clicking here to listen to our previous episodes.

Quotes:

"Making money is a no-brainer. Being successful is just part of the trait. I think we all kind of have our own set of circumstances or have our own set of issues." - Peter Vekselman

"It's short-term pain, long-term gain, and, I would almost argue the point that you have to cut back if you know how to bring the right people on board." - Peter Vekselman

"The shortest shortcut to success is the ability to align yourself with more successful people." - Peter Vekselman

“It's not just about money. It's about time, it's about lifestyle, it's about control.” - Peter Vekselman

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We hear from Geoffrey Buscho as he shares his experience of buying a carwash with an SBA loan. He reveals how he found the deal, negotiated it, and explains the advantages and disadvantages of using an SBA loan for real estate investments. We'll also hear about the complexities of a first-time commercial property purchase and securing an SBA loan. Geoffrey will cover the three different entities involved (the primary lender, CDC, and SBA) and the timeframes associated with each. Plus, he'll discuss the fees associated with an SBA loan, as well as emphasize the importance of researching lenders ahead of time to better understand the fee structure and timeline before entering a contract. Finally, Geoffrey will share his key takeaway from this experience - that no matter what you are doing, never take no for an answer and always be creative in finding solutions. Tune in to this episode to gain insight into how to invest in real estate with a non-traditional loan option - an SBA loan.

[00:01 - 06:54] Acquiring a Carwash with an SBA Loan

• Geoffrey Buscho recently acquired a carwash with an SBA loan
• The property was appealing due to its location, condition, and potential for passive income
• Jeffrey is a new investor who pivoted from residential real estate investing to commercial real estate
• He is active on Bigger Pockets and has invested over 150 million in multi-family and self-storage acquisitions

[06:46 - 13:16] Exploring the Benefits and Complexities of an SBA Loan for Real Estate Investment

• Updated financials and interest rate fluctuations caused the third offer to be lower
• SBA loans are chosen due to less risk for the bank and more favorable lending rates
• SBA loans take longer to close and have fees associated with them

[13:17 - 24:40] Navigating the Complexities of an SBA Loan

• The SBA loan process typically takes 75 days to close
• Involves three entities: primary lender, CDC (certified development company), and SBA
• Questions to ask at the beginning: who is the CDC and how confident are they in their ability to underwrite
• Shop around for different SBA lenders to get an idea of fees, structure, timeline

[24:41 - 28:15] Closing Segment

• Geoffrey’s best investment: a daily planner to increase productivity
• Geoffrey’s worst investment: not applicable as all investments have yielded some benefit
• Most important lesson learned in business and investing is to approach all investments with no expectations

Connect with Geoffrey through Facebook, and Bigger Pockets.

Invest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/

Participate directly in real estate investment loans on a fractional basis. Go to www.passivewealthstrategy.com/groundfloor/ and get ready to invest on your terms.

Join our Passive Investor Club for access to passive commercial real estate investment opportunities.

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or click here to listen to our previous episodes

Quotes:

"It has been extremely important to think very quickly, very critically, and very creative in how to solve problems. It's very easy that this deal could have been dead in the water if we didn't have some quick reaction.” - Geoffrey Buscho

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Taylor welcomes Benjamin Fredericks, an experienced note investor and mortgage professional. They discuss Benjamin's unique approach to note investing and participating in the note space. Learn how Benjamin got his start by buying rental properties and then transitioning into buying properties in bulk at auction and selling them on terms of seller finance to create notes. He has a background in mortgages, which helps him understand how to underwrite credit and what to look for when creating notes. Find out how he focuses on C-level properties in working-class neighborhoods, providing opportunities for people who may not qualify for traditional mortgages.

[00:01 - 05:50] Opening Segment

• Benjamin Fredericks’s unique approach to investing and participating in the note space
• Most of the properties he buys are C-level, working class neighborhoods in smaller towns in the Midwest
• He creates notes by buying properties at auction in bulk and then selling them on terms seller finance
• His approach involves underwriting borrowers who may not have 20% to put down or have had credit hiccups in the past

[05:51 - 13:35] Selling Notes in a Rising Interest Rate Environment: Understanding the Basics of Note Sales

• Compliance with the Dodd-Frank Act is required
• Returns on notes are typically between 20-50%, sometimes infinite
• Notes can be sold in the secondary market
• Buyers of notes are typically people with self-directed IRA funds
• Rates for notes are typically between 9-10%
• Payment history affects the value of a note in the secondary market
• Rising interest rates have not impacted note rates

[13:36 - 19:20] Digging Into Partials: Exploring the Benefits of Investing in Real Estate Notes

• Interest rate is a non-factor
• Partials are an interesting way of practicing in the real estate space
• Utilizing other people's money in deals through a joint venture or private money lenders
• Making connections with note investors through events like Noteworthy and local Real Estate Investment Organizations (REIOs)

[19:21 - 23:34] What to Do Before Buying Properties

• Physical due diligence of properties when buying online is minimal
• Knowing how to do proper due diligence when buying a note
• Maximizing the value of a note by having the right paperwork in the package

[23:35 - 29:20] Closing Segment

• The biggest mistake for new note investors is not having enough education on due diligence and maximizing the value of notes
• The worst investment is a lake lot that is a drain on finances every month
• The most important lesson learned in business and investing is to stick to data, not drama

Connect with Benjamin by visiting www.NoteWorthyUSA.com

Invest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/

Participate directly in real estate investment loans on a fractional basis. Go to www.passivewealthstrategy.com/groundfloor/ and get ready to invest on your terms.

Join our Passive Investor Club for access to passive commercial real estate investment opportunities.

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or click here to listen to our previous episodes

Quotes:

"(The note space) is bad for the people that don't do good business, but it's great for the people that you know do. And I think it's nice because it's a lot easier to form relationships." - Benjamin Fredericks

"Sometimes the best deal you ever do is the one you don't do, and so just stick to the data, stick to your numbers, and if it fits your buy box, great. If it doesn't, don't worry about it." - Benjamin Fredericks

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Are you looking to break away from the Wall Street Casino and invest in Main Street? In this episode, Taylor interviews Brendan Chisholm about his strategy for investing in distressed multi-family properties in Virginia, Georgia, and South Carolina. They discuss how to do due diligence on a property, including job and population growth, income growth, adjusting debt, and considering the cost of renovations. Brendan shares his story of transitioning into real estate after college and how he found more control over money than trying to “game” the stock market. He then dives into two specific deals that he was involved with and discusses in detail the process he used to give notice to tenants, renovate multiple units at once, and finance the deals. They also talk about using vacant units as storage instead of purchasing trailers within their cost analysis. Lastly, they share their thoughts on debt financing in today's market and how having a relationship with a debt broker was beneficial for them. Tune in now to learn more about how to make successful investments in distressed multi-family properties!

[00:01 - 07:12] Investing in Distressed Multi-Family Properties

• Distressed multi-family properties are defined as those with below 85% occupancy and need renovations
• The three properties owned by Brendan and his business partners are between 45 and 70 units in size
• They focus on value-add, distressed multi-family deals in the Southeast Mid-Atlantic area
• Deals are acquired off-market or through a broken sales process

[07:13 - 16:39] Refining the Process of Distressed Multi-Family Investing: Quantifying Renovations and Assessing Market Demand

• Adding features such as granite countertops, new cabinets, stainless steel appliances, painting, milling, asphalt, barbecues, dog parks, and playgrounds
• Following macro and micro trends such as job growth, population growth, and income growth
• Quantifying the cost of renovations through the understanding price of cabinets, granite, and floorings
• Using rent comp analysis to determine if there is a large enough delta between current rent and what can be achieved after renovation
• Brendan’s deal was an apartment complex surrounded by single-family residential homes
• Using Capax and Construction Trackers to match invoices to underwriting

[16:40 - 24:24] Navigating the Financing Challenges of Distressed Real Estate Deals

• Providing notice to tenants for units that need fixing up
• Making decisions when buying a property with distressed units
• Giving move-out specials to tenants
• Grouping units together to save on construction costs
• Using vacant units as storage instead of purchasing additional trailers
• Doing exterior work first to make interior decisions

[24:25 - 28:55] Closing Segment

• Connect with Brendan through the links below
• The most important lesson learned: work the numbers

Connect with Brendan by sending him an email at brendan@bkcholding.com. Also, visit www.BKCHolding.com and www.BrendanChisholm.com.

Invest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/

Participate directly in real estate investment loans on a fractional basis. Go to www.passivewealthstrategy.com/groundfloor/ and get ready to invest on your terms.

Join our Passive Investor Club for access to passive commercial real estate investment opportunities.

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or click here to listen to our previous episodes

Quote/s:

"You gotta work the numbers but you also gotta have, you also need to understand that a spreadsheet won't tell you the true numbers based on where you purchased the property." - Brendan Chisholm

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Taylor welcomes Henry Washington, a real estate investor who scaled to financial independence with over 70 doors in just five years. Hear how Henry made the decision to become a successful real estate investor and achieved his goal within 90 days by leveraging his network, borrowing from 401Ks, and positioning himself for success. We hear all about the challenges new investors face in real estate and the advice to focus on finding a good deal and leading with service. Learn how providing value and helping others can help you stand out among other investors and how focusing on learning what a good deal looks like in your market can help you find success. Tune in now to get inspired by Henry’s story and learn strategies for becoming a successful real estate investor!

[00:01 - 08:10] Opening Segment

• Henry Washington scaled to financial independence through real estate with over 70 doors
• Started his journey by getting his financial house in order and saving money
• Realized the importance of owning real estate for cash flow, appreciation, passive income, and generational wealth

[08:11 - 13:55] How One Man Achieved Financial Freedom Through Real Estate Investing

• How Henry decided to become a successful real estate investor
• Surrounded himself with successful investors and attended meetings consistently
• Introduced himself as an investor to everyone
• Found first deal through a friend who needed to sell a property quickly

[13:56 - 21:08] Using Mindset and Networking to Scale Business

• Changing your mindset helps you position yourself for opportunities
• Mindset does not do all the work for you, it just sets you up to take advantage of opportunities
• Figuring out how to buy a house without a real estate agent
• Leveraging the network to find the money for a 15% down payment
• Borrowing against 401K pre-tax and tenants paid back the loan

[21:09 - 26:32] Finding Good Deals and Lead with Service to Stand Out as a New Investor

• Real estate can be overwhelming for new investors due to its flexibility and multiple exit strategies
• Focus on finding a good deal and buying it, as that is the lowest common denominator for success in real estate
• Lead with service by offering to help successful people in networking events without being asked
• Provide ideas on how you can help rather than asking someone to give you something to do
• Offer what you can do instead of asking a busy person how you can help them

[26:09 - 26:33] Closing Segment

• What is the best investment you’ve ever made?
  • Buying 8 units early on
• What is the worst investment you ever made?
  • Buying 12 units because they looked good on paper
• What is the most important lesson you've learned in business and investing?
  • The real estate business is a people business
• See the links below to connect with Henry!

Connect with Henry through Instagram, or visit www.HenryWashington.com.

Invest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/

Participate directly in real estate investment loans on a fractional basis. Go to www.passivewealthstrategy.com/groundfloor/ and get ready to invest on your own terms.

Join our Passive Investor Club for access to passive commercial real estate investment opportunities.

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or click here to listen to our previous episodes

Quotes:

"Put the blinders on and don't do anything else until that's what you're good at, then you'll get to figure the rest out along the way." - Henry Washington

“It's that your mindset helps you put yourself in a position to be ready to take advantage of the opportunities when they come.” - Henry Washington

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Taylor Lot and Ashley Tison dive into the world of Opportunity Zones and discuss the advantages of investing in these areas. From tax reductions to a step up in basis to fair market value, Opportunity Zones provide an incredible opportunity for real estate investors. We also hear Ashley's story of how his investment in a mobile home park allowed him to launch a gun company and pursue impact investing, as well as gain valuable education from it. They provide advice for those wanting to get involved with Opportunity Zones and offer helpful tips on how to get started. Tune in now to learn more about this amazing program and how you can benefit from investing in Opportunity Zones.

[00:01 - 08:14] Opening Segment

• Opportunity Zones was created by the Tax Cut and Jobs Act of 2017
• If invested for a certain period, investors can reduce taxes paid on those gains in 2026
• Step up and basis to fair market value eliminates capital gains and depreciation recapture
• Tax-free compound interest coupled with cost segregation and bonus depreciation is the ninth wonder of the world

[08:15 - 17:18] Invest in Main Street America with Generational Wealth Through Opportunity Zones

• Opportunity Zones is still in effect until December 31st, 2026.
• Legislation is pending to extend the program out for two years till December 31st, 2028
• Investors can avail themselves of a 15% reduction in taxes if they invest for seven years before the expiration date
• Step up and basis to fair market value can be availed of up till December 31st, 2026
• Investors have 25 years from now to hold onto these assets and let them grow tax-free
• To get the step up and basis, investors need to transact with a third party or sell

[17:19 - 27:38] Salvaging Failed 1031 Exchanges with Opportunity Zones: A Powerful Distinguisher for Estate Planning

• Opportunity Zones do not require identifying opportunities before selling
• Investment can be in real estate, operating businesses, startups, or businesses outside of the zone
• Exchanges must identify opportunities before selling and applies toward a lifetime exemption amount
• Opportunity Zones apply whatever amount initially invested against the lifetime exemption amount
• Opportunity Zone Funds allow for the purchase of 95% of complete investment property
• Tax benefits include a step into original use and no depreciation recapture on the sale

[27:39 - 34:10] Closing Segment

• How Ashley learned the cyclicality of the gun business and what not to do
• Riches are in the niches - niche down and focus on the main thing
• Stay focused on the main thing and don't get distracted by shiny objects

Connect with Ashley Tison:

• Email: ashley@ozpros.com
• Website: www.OZPros.com/taylor/

Invest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/

Participate directly in real estate investment loans on a fractional basis. Go to www.passivewealthstrategy.com/groundfloor/ and get ready to invest on your own terms.

Join our Passive Investor Club for access to passive commercial real estate investment opportunities.

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or click here to listen to our previous episodes

Quotes:

"Tax-free compound interest is the eighth wonder of the world. But cap coupling that in with cost

segregation and bonus depreciation is the ninth wonder of the world." - Ashley Tison

"It's not about the capital gain that you have now. It's about the capital gain that you anticipate having in the future." - Ashley Tison

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In this episode,Dan Rowley, a corporate CEO and experienced real estate investor, shares his journey from starting out with single-family investments in California to shifting to multi-family syndications. Dan shares his insights on the entrepreneurial path of a busy professional real estate investor and provides key lessons learned as a business owner and real estate investor.

[00:01 - 06:50] Opening Segment

• Dan shares about his background
• Due diligence crucial in syndication, includes evaluating operator competence and trustworthiness
• Dan transitioned to syndications for passive real estate investment returns
• Transition to passive investment via syndications due to limitations of solo real estate ownership

[06:51 - 14:18] Understanding Property Classes in Real Estate Investing

• Class A properties are newer builds with higher rent levels and less deferred maintenance
• Class B properties are older, more affordable and more insulated against economic distress
• Class C properties are older, require more maintenance, and carry more risk but can provide higher returns
• Evaluate proforma offering memo from Syndicator considering micro-neighborhood, renovation potential, and passive investor goals

[14:19 - 23:09] Navigating Real Estate Investments with a CFO's Eye

• Ensure that the financials sent by the sponsor are transparent and can be looked at any time
• Review the numbers quarterly, ask questions, and stress-test assumptions to make sure that the investment is based on realistic projections
• Monitor monthly results to make sure the business is going according to plan and compare the actual results to the projected budget
• Consider investing in real estate through self-directed IRAs to diversify from stock and bond investments and reduce exposure to macroeconomic volatility