Cash Flow Assets: Recent Episodes
Blackwell Workshop Inc, Robert Slattery, Blackwell Real Estate LLC
How much money do you want to make each month to live the life you want to live? Join us each week as Robert Slattery shares the secrets to creating your financial freedom. Robert interviews others who are successfully living a cash flow abundant life outside of the daily grind of the rat race and also shares how you, too, can get out. If you are ready to learn from others, build your cash flow assets and get out of the rat race, this is the show for you.
In this episode, Robert and Romeo Clarke discuss:
- Escaping the rat race through active investment and tax reduction
- How depreciation works and what’s cost-segregation
- Advice for anyone facing an audit
Key Takeaways:
- Be mindful of the numbers - know the cashflow you expect and calculate for depreciation.
- Real-estate property is made out of different pieces which all have different depreciation rates. Accelerate your depreciation over five years because when depreciation increases, the loss in your tax is increased also and you could use that to produce ordinary income.
- When facing an audit, talk to a professional who can negotiate the best outcome for you. Don’t talk to the IRS, they can use anything against you. If you don’t have experience on how they work, they’re going to look out for the IRS, not for you.
"If you don’t have the documentation, you don’t have the deduction. Keep your receipts… in a nice folder, everything in a nice place." — Romeo Clarke
Connect with Romeo Clarke:
LinkedIn: https://www.linkedin.com/in/romeo-clarke-cpa-taxexpert/
Website: http://www.agiletechaccounting.com/
Connect with Robert:
Website: https://www.blackwellworkshop.com
Seminar Registration: https://www.cashflowassets.com
Twitter: @roberteslattery
Facebook: https://facebook.com/groups/blackwellworkshop
YouTube: https://www.youtube.com/channel/UCol1gk3ofVzsCeqYWPTnJWg
LinkedIn: https://www.linkedin.com/in/roberteslattery/
Instagram: https://www.instagram.com/therentalpropertywealthcoach/
Book: Coming Soon!
Email: podcast@cashflowassets.com
In this episode, Robert and Jared Galde discuss:
- Making passive income to serve
- How to encourage your tenants to treat the house well
- Business with a heart - serving your tenants
Key Takeaways:
- Passive income frees up your time - it allows you to do the important things to you like serving your church, organization or community.
- You’ll find that most of the time, when you make your houses as beautiful as they could be, your tenants will treat it better.
- Being a true entrepreneur is not only about making money, it’s about making your work mean something to other people. Get to know your tenants’ pain points, and be a problem solver.
"...True entrepreneur - If you break down what the word means, it means undertaker - the willingness to undertake something. I see us as the world’s problem solvers… how can I solve problems that already exist?" — Jared Galde
Connect with Jared Galde:
LinkedIn: https://www.linkedin.com/in/jaredgalde/
Twitter: https://twitter.com/SeaTownSports11
Connect with Robert:
Website: https://www.blackwellworkshop.com
Seminar Registration: https://www.cashflowassets.com
Twitter: @roberteslattery
Facebook: https://facebook.com/groups/blackwellworkshop
YouTube: https://www.youtube.com/channel/UCol1gk3ofVzsCeqYWPTnJWg
LinkedIn: https://www.linkedin.com/in/roberteslattery/
Instagram: https://www.instagram.com/therentalpropertywealthcoach/
Book: Coming Soon!
Email: podcast@cashflowassets.com
In this episode, Robert and Bill Schwass discuss:
- The ups and downs of real estate
- Real estate derivatives and returns
- Investing on duplex and fourplex properties
Key Takeaways:
- You’re not always gonna win, but what’s important is that you get back up and you have people to be there with you when you do.
- There are more than one ways to earn money with real estate.
- Single family homes are good for equity, duplex homes are better when you factor in the maintenance and income.
"Why would I wanna retire? I enjoy working and doing things. What we’re doing right now, I see as not retiring - I see continuing to build, to grow and expand." — Bill Schwass
Connect with Robert:
Website: https://www.blackwellworkshop.com
Seminar Registration: https://www.cashflowassets.com
Twitter: @roberteslattery
Facebook: https://facebook.com/groups/blackwellworkshop
YouTube: https://www.youtube.com/channel/UCol1gk3ofVzsCeqYWPTnJWg
LinkedIn: https://www.linkedin.com/in/roberteslattery/
Instagram: https://www.instagram.com/therentalpropertywealthcoach/
Book: Coming Soon!
Email: podcast@cashflowassets.com
In this episode, Robert and Regulo Olvera discuss:
- Starting from the very bottom and making mistakes
- Managing a property and doing it on your own
- Financial freedom through real estate
Key Takeaways:
- Make every experience an asset - ask yourself how you can learn from your mistakes, that will give a positive value to those experiences.
- When you buy property, you have to learn to manage it like a business.
- Passive income needs time to be truly passive. Invest effort and time into your real estate business, and it will take care of you in the future.
- Inheritance isn’t only just about money - it’s about education, wisdom, it is an understanding of how the world works.
"The fact that I screwed up was the biggest profitable thing I could’ve done. Messing up on that deal allowed me to see what I did wrong. Instead of quitting… I kept the house and rented it for the past 17 years… I’ve more than made my money. " — Regulo Olvera
Connect with Regulo Olvera:
LinkedIn: https://www.linkedin.com/in/regulo-olvera-8b261650/
Facebook: https://www.facebook.com/ReguloOlveraRealEstateco/
Website: https://www.sellyourhousetexarkana.com
Email: reguloolverarealestate@yahoo.com
Connect with Robert:
Website: https://www.blackwellworkshop.com
Seminar Registration: https://www.cashflowassets.com
Twitter: @roberteslattery
Facebook: https://facebook.com/groups/blackwellworkshop
YouTube: https://www.youtube.com/channel/UCol1gk3ofVzsCeqYWPTnJWg
LinkedIn: https://www.linkedin.com/in/roberteslattery/
Instagram: https://www.instagram.com/therentalpropertywealthcoach/
Book: Coming Soon!
Email: podcast@cashflowassets.com
In this episode, Robert discusses:
- The first big mistake - buying everything zero down
- Buying with negative cash flow and buying properties without a plan
- Land development mishaps and lastly, flipping houses
Key Takeaways:
- It’s possible to buy property with no money, but this is a big mistake. Don’t buy property if you don’t have any money to pay for it. It sounds good, but if it goes sideways, you’re going to lose a lot of money.
- Dig deep into planning your expenses, be mindful of your cashflow.
- If you don’t have a plan, you’ll never know once you’ve reached your objectives. If you don’t have a goal, you’ll just keep buying and buying.
- When you go to an auction of a foreclosed property, you don’t get to go through the entire house, you don’t get to look at the plumbing or the electrical system, or the floorings and appliances.
"The lure of easy money is much like following the siren’s song. You have to be careful because the siren isn’t there to be your friend. The banks aren’t there to be your friend." — Robert Slattery
Connect with Robert:
Website: https://www.blackwellworkshop.com
Seminar Registration: https://www.cashflowassets.com
Twitter: @roberteslattery
Facebook: https://facebook.com/groups/blackwellworkshop
YouTube: https://www.youtube.com/channel/UCol1gk3ofVzsCeqYWPTnJWg
LinkedIn: https://www.linkedin.com/in/roberteslattery/
Instagram: https://www.instagram.com/therentalpropertywealthcoach/
Book: Coming Soon!
Email: podcast@cashflowassets.com
In this episode, Robert and John Siegler discuss:
- Do you have to be rich to start a real estate business?
- The three rules of real estate - location, location, and location
- Building your real estate portfolio
Key Takeaways:
- Doing real estate is not as crazy as you think - all you need is any tool you have available in order to get started
- If you buy properties in the right location, with positive cash flow, then you’re on your way to getting yourself a passive income
- Start with duplex, triplex, or fourplex properties when building your portfolio
"Every property you own has to be a place that you are willing to live" — Robert Slattery
Connect with Robert:
Website: https://www.blackwellworkshop.com
Seminar Registration: https://www.cashflowassets.com
Twitter: @roberteslattery
Facebook: https://facebook.com/groups/blackwellworkshop
YouTube: https://www.youtube.com/channel/UCol1gk3ofVzsCeqYWPTnJWg
LinkedIn: https://www.linkedin.com/in/roberteslattery/
Instagram: https://www.instagram.com/therentalpropertywealthcoach/
Book: Coming Soon!
Email: podcast@cashflowassets.com
How much money do you want to make each month to live the life you want to live? Join us each week as Robert Slattery shares the secrets to creating your financial freedom. Robert interviews others who are successfully living a cash flow abundant life outside of the daily grind of the rat race and also shares how you, too, can get out. If you are ready to learn from others, build your cash flow assets and get out of the rat race, this is the show for you.
Connect with Robert:
Website: https://www.blackwellworkshop.com
Seminar Registration: https://www.cashflowassets.com
Twitter: @roberteslattery
Facebook: https://facebook.com/groups/blackwellworkshop
YouTube: https://www.youtube.com/channel/UCol1gk3ofVzsCeqYWPTnJWg
LinkedIn: https://www.linkedin.com/in/roberteslattery/
Instagram: https://www.instagram.com/therentalpropertywealthcoach/
Book: Coming Soon!
Email: podcast@cashflowassets.com