The Military Millionaire Podcast

Alex Felice hijacked my podcast so that we could talk about why service members should blog about their experiences, how to be successful in the military (and out), and why you should strive to stand out from the crowd/rebel against military norms. - We also talk about the VA loan, why/how you should (or should not) use it! As always, Alex has more energy than anybody knows what to do with, and is an absolute blast to have on the podcast. Hold onto your seats, because this episode is intense! - If you want to reach out to Alex you can find him at: https://www.brokeisachoice.com - SUBSCRIBE: https://bit.ly/2Q3EvfE - Blog: https://www.frommilitarytomillionaire.com/start-here/ Instagram: https://www.instagram.com/frommilitarytomillionaire/ Facebook: https://www.facebook.com/frommilitarytomillionaire/ Audible: https://amzn.to/2K0wzxL - Join me in the BiggerPockets Pro community! https://www.frommilitarytomillionaire.com/we-recommend-BP-Pro/ - Books I recommend First read: https://amzn.to/2KcTEww Real Estate Investing: https://amzn.to/2ltPRNm Real Estate Investing: https://amzn.to/2yxFBNf Real Estate Investing: https://amzn.to/2IhQ1QI Building Wealth: https://amzn.to/2ttiwpf Efficiency: https://amzn.to/2K1eRdy Efficiency: https://amzn.to/2yvuu7K Negotiating: https://amzn.to/2tmCyT7

Bo Kim is an accountant, real estate investor, and blogger! - Bo has been investing in real estate for a little over a year and has already purchased 16 rental units! Bo has used all sorts of creative financing method, to include seller financing, home equity line of credit (HELOC), and loans from his 401k. - His advice to an 18/20-year-old is: Financial education is key, learn the difference between an asset and a liability, and then act accordingly! - the resource he recommends is BiggerPockets, Facebook (niche real estate investing groups), and stories from other investors! - His big idea/parting advice is: TAKE MASSIVE ACTION - If you want to reach out to Bo you can find him on Instagram at @biggercashflow or at https://www.biggercashflow.com/ - SUBSCRIBE: https://bit.ly/2Q3EvfE - Blog: https://www.frommilitarytomillionaire.com/start-here/ Instagram: https://www.instagram.com/frommilitarytomillionaire/ Facebook: https://www.facebook.com/frommilitarytomillionaire/ Audible: https://amzn.to/2K0wzxL - Join me in the BiggerPockets Pro community! https://www.frommilitarytomillionaire.com/we-recommend-BP-Pro/ - Books I recommend First read: https://amzn.to/2KcTEww Real Estate Investing: https://amzn.to/2ltPRNm Real Estate Investing: https://amzn.to/2yxFBNf Real Estate Investing: https://amzn.to/2IhQ1QI Building Wealth: https://amzn.to/2ttiwpf Efficiency: https://amzn.to/2K1eRdy Efficiency: https://amzn.to/2yvuu7K Negotiating: https://amzn.to/2tmCyT7

Dan Krupa was in the Army for 13 years prior to becoming a full-time real estate investor! - Dan and his wife are fix and flip investors in the Kansas City area. Occasionally they will hold a property as a rental, but for the most part they focus on being high quality house flippers! - His advice to an E-1/E-2 (18/20-year-old) is: Have a budget! (don’t just spend freely), and marry smart…getting married is not a decision to be taken lightly, and shouldn’t be 100% an emotion-based decision. - the resource he recommends is: BiggerPockets forum! (link below). - His big idea/parting advice is: find a niche, and laser focus on it! Then you can spill over into other real estate niches later. - If you want to reach out to Dan you can find him on Instagram at: @krupa_rev or Email him at [email protected] - SUBSCRIBE: https://bit.ly/2Q3EvfE - Blog: https://www.frommilitarytomillionaire.com/start-here/ Instagram: https://www.instagram.com/frommilitarytomillionaire/ Facebook: https://www.facebook.com/frommilitarytomillionaire/ Audible: https://amzn.to/2K0wzxL - Join me in the BiggerPockets Pro community! https://www.frommilitarytomillionaire.com/we-recommend-BP-Pro/ - Books I recommend First read: https://amzn.to/2KcTEww Real Estate Investing: https://amzn.to/2ltPRNm Real Estate Investing: https://amzn.to/2yxFBNf Real Estate Investing: https://amzn.to/2IhQ1QI Building Wealth: https://amzn.to/2ttiwpf Efficiency: https://amzn.to/2K1eRdy Efficiency: https://amzn.to/2yvuu7K Negotiating: https://amzn.to/2tmCyT7

Phil Capron is a former professional Poker player, Punk-Rock Drummer, and Special Warfare Combatant Craft Crewman (SWCC) in the Navy. Now he owns over 200 units! - Phil joined the Navy after losing a bet. He told his parents he’d join the Navy if he didn’t earn $100k playing poker that year. Unfortunately, he only earned $85k, and true to his word, he enlisted! He VA-hacked a property while in the military, renting rooms out to his peers. Between 2014-2018 he flipped over 30 houses, and now he owns 200+ apartment units! - His advice to an E-1/E-2 (18/20-year-old) is: “Whatever your job is…learn the shit out of it!” Learn how to learn, and be deliberate about the people you hang out with. - the resource he recommends is: Millionaire Real Estate investor, by Gary Keller. - His big idea/parting advice is: Be Conscience of who you’re surrounding yourself with! - If you want to reach out to Phil you can find him at https://www.philcapron.com/ Or on Facebook and BiggerPockets! - SUBSCRIBE: https://bit.ly/2Q3EvfE - Blog: https://www.frommilitarytomillionaire.com/start-here/ Instagram: https://www.instagram.com/frommilitarytomillionaire/ Facebook: https://www.facebook.com/frommilitarytomillionaire/ Audible: https://amzn.to/2K0wzxL - Join me in the BiggerPockets Pro community! https://www.frommilitarytomillionaire.com/we-recommend-BP-Pro/ - Books I recommend First read: https://amzn.to/2KcTEww Real Estate Investing: https://amzn.to/2ltPRNm Real Estate Investing: https://amzn.to/2yxFBNf Real Estate Investing: https://amzn.to/2IhQ1QI Building Wealth: https://amzn.to/2ttiwpf Efficiency: https://amzn.to/2K1eRdy Efficiency: https://amzn.to/2yvuu7K Negotiating: https://amzn.to/2tmCyT7

Episode 59: Today I had the pleasure of talking with Brandon Renfro , he was in the Arkansas Army National Guard since 2009 and an Infantry Captain in the 39th Infantry Brigade but now he is a fee only financial advisor and Assistant Professor of Finance at East Texas Baptist University in Marshall, TX. In this episode, Brandon discusses The Fame 4 Percent Rule and the Key Factors planning for your retirement. By the end of this episode you will know what the Fame 4 Percent Rule is, why does this matter, and how to adjust it as well as knowing some key factors about retirement inorder to be able to relax and enjoy life once you’re done with the success of building your wealth. Enjoy! - Recommended resource(s): “A Random Walk Down Wallstreet” https://amzn.to/31kDoOy - Big idea/parting advice: Just start! Learn, and take action on saving for your retirement! - You can reach out to them here: www.brandonrenfro.com Follow Brandon on Twitter -- @ RenfroPhD Brandon’s website - https://www. https://www.brandonrenfro.com/ https://www.etbu.edu/about-etbu/faculty-and-staff/dr-brandon-renfro https://www.facebook.com/RenfroPhD/ https://www.xyplanningnetwork.com/advisors/brandon-renfro-cfp-ph-d/ SUBSCRIBE: https://bit.ly/2Q3EvfE - Blog: https://www.frommilitarytomillionaire.com/start-here/ Instagram: https://www.instagram.com/frommilitarytomillionaire/ Facebook: https://www.facebook.com/frommilitarytomillionaire/ Free Audible book: http://www.audibletrial.com/MilitaryMillionaire - Join me in the BiggerPockets Pro community! https://www.frommilitarytomillionaire.com/we-recommend-BP-Pro/ - Books I recommend First read: https://amzn.to/2KcTEww Real Estate Investing: https://amzn.to/2ltPRNm Real Estate Investing: https://amzn.to/2yxFBNf Real Estate Investing: https://amzn.to/2IhQ1QI Building Wealth: https://amzn.to/2ttiwpf Efficiency: https://amzn.to/2K1eRdy Efficiency: https://amzn.to/2yvuu7K Negotiating: https://amzn.to/2tmCyT7 THIS SITE IS INDEPENDENTLY OWNED AND OPERATED. ALL OPINIONS EXPRESSED HEREIN ARE MY OWN. THE VIEWS EXPRESSED ON THIS SITE ARE THOSE OF THE AUTHOR OR THE AUTHOR’S INVITED GUEST POSTERS, AND MAY NOT REFLECT THE VIEWS OF THE US GOVERNMENT, THE DEPARTMENT OF DEFENSE, OR THE UNITED STATES MARINE CORPS.

Hunter Gore is a Sophomore at Clemson University, side-hustler, and barreling down the road to financial freedom! - At age 14 Hunger learned first-hand what a lawsuit could do to your financial status. This changed his money habits so much that he has been able to save 50% of his income while at college. While most college students are out partying he is attaining his real estate license, running a social media business, and networking with real estate investors! - His advice to fellow college students: Get a job! He got a job after Freshman year, and noticed an improvement in his grades, finances, and overall well-being. Having a job forces you to learn time-management while at school! - the resource he recommends is: https://www.BiggerPockets.com/ (specifically the Money podcast)…and https://www.mrmoneymustache.com/ - His big idea/parting advice is: Track your spending and budget accordingly. Buying expensive clothes, and eating out doesn’t help you long term. Don’t blow your money, think of the opportunity costs and save to invest! - Here is the link to His budget article: https://thefinancialhunter.com/2019/01/07/you-should-be-budgeting-and-heres-why/ - If you want to reach out to Hunter you can find him on Instagram @thefinancialhunter or on his website https://www.thefinancialhunter.com/ - SUBSCRIBE: https://bit.ly/2Q3EvfE - Blog: https://www.frommilitarytomillionaire.com/start-here/ Instagram: https://www.instagram.com/frommilitarytomillionaire/ Facebook: https://www.facebook.com/frommilitarytomillionaire/ Audible: https://amzn.to/2K0wzxL - Join me in the BiggerPockets Pro community! https://www.frommilitarytomillionaire.com/we-recommend-BP-Pro/ - Books I recommend First read: https://amzn.to/2KcTEww Real Estate Investing: https://amzn.to/2ltPRNm Real Estate Investing: https://amzn.to/2yxFBNf Real Estate Investing: https://amzn.to/2IhQ1QI Building Wealth: https://amzn.to/2ttiwpf Efficiency: https://amzn.to/2K1eRdy Efficiency: https://amzn.to/2yvuu7K Negotiating: https://amzn.to/2tmCyT7

Kasey Ortiz is the Tax Tip Diva - Kasey was in the Marine Corps for 6 years. She was medically retired, and received a lump sum payment as she exited the service. When she filed taxes that year it was taxed. The following year she was taking a basic tax class and learned that it shouldn’t have been taxable! She amended the return, and got her money back! Now she has invested over 20 years into helping service members, real estate professionals, and the likes expertly negotiate their tax returns! - Tip 1: Know your tax professiona! Tip 2: Expense it! Tip 3: stop invoicing/taking payment at the end of the year Tip 4: Do a cost-segregation study on multi-family real estate (more on this in our next episode). - Kaseys passion about taxes is obvious, and she offers some valuable resources at her website: https://thetaxtipdiva.com/ She is on Instagram as @thetaxtipdiva - Link to the 50% discount on real estate professional tax worksheet: https://thetaxtipdiva.com/discount/VET (code: VET) She has also thrown in an unadvertised discount on her tax-tip planner: https://thetaxtipdiva.com/discount/LAUNCH?redirect=%2Fproducts%2Ftax-tips-yearly-planner - SUBSCRIBE: https://bit.ly/2Q3EvfE - Blog: https://www.frommilitarytomillionaire.com/start-here/ Instagram: https://www.instagram.com/frommilitarytomillionaire/ Facebook: https://www.facebook.com/frommilitarytomillionaire/ Audible: https://amzn.to/2K0wzxL - Join me in the BiggerPockets Pro community! https://www.frommilitarytomillionaire.com/we-recommend-BP-Pro/ - Books I recommend First read: https://amzn.to/2KcTEww Real Estate Investing: https://amzn.to/2ltPRNm Real Estate Investing: https://amzn.to/2yxFBNf Real Estate Investing: https://amzn.to/2IhQ1QI Building Wealth: https://amzn.to/2ttiwpf Efficiency: https://amzn.to/2K1eRdy Efficiency: https://amzn.to/2yvuu7K Negotiating: https://amzn.to/2tmCyT7

Mike Robb is a prior-enlisted Lieutenant in the Navy and a 19-year veteran! - Mike Robb attained the rank of Chief Petty Officer before commissioning as a Naval Officer. He and his wife have owned two rental properties, and are currently funding investments as private lenders for other investors in the area. His wife is managing a mobile home park, and they are looking to invest more in mobile home parks, and single-family real estate! They are starting a company called MilCapital Growth with the goal of teaching finance/investing to other service members and the working class! - His advice to an E-1/E-2 (18/20-year-old) is: Begin Tracking and Forecasting your finances. Track where your money went last month, and forecast what you can do with it down the road if you revamp the spending habits. - the resource he recommends is BOOKS! The specific book should be tailored to where you are in life, and where you want to go…but he mentioned Cashflow Quadrant, Set for Life, Multifamily Millions, The Richest Man in Babylon, and the Military Real Estate Investor. - His big idea/parting advice is Networking. Get out there and make connections! Fail forward, and don’t waste time on unimportant things in life. - If you want to reach out to Mike you can E-mail him at [email protected] - SUBSCRIBE: https://bit.ly/2Q3EvfE - Blog: https://www.frommilitarytomillionaire.com/start-here/ Instagram: https://www.instagram.com/frommilitarytomillionaire/ Facebook: https://www.facebook.com/frommilitarytomillionaire/ Audible: https://amzn.to/2K0wzxL - Join me in the BiggerPockets Pro community! https://www.frommilitarytomillionaire.com/we-recommend-BP-Pro/ - Books I recommend First read: https://amzn.to/2KcTEww Real Estate Investing: https://amzn.to/2ltPRNm Real Estate Investing: https://amzn.to/2yxFBNf Real Estate Investing: https://amzn.to/2IhQ1QI Building Wealth: https://amzn.to/2ttiwpf Efficiency: https://amzn.to/2K1eRdy Efficiency: https://amzn.to/2yvuu7K Negotiating: https://amzn.to/2tmCyT7

Will and Veronica Pritchett are truly a power couple! Will is a Firefighter, and Veronica quit her job as the assistant principal of a high-school to work full-time on their real estate business! They started with a simple rental, and are now avid users of the BRRRR strategy (Buy, Rehab, Rent, Refinance, Repeat). They have gotten so good at this that they have private lenders lined up to invest with them. This allows them to purchase the property with ZERO money out of their own pocket! - Their advice to an 18/20-year-old is: start with saving. Dave Ramsey has some good information on this, but understand that delayed gratification pays off. Take on roommates if applicable, and cut your expenses as much as possible! - They also provide some great insight to introducing yourself to the neighbors, when acquiring a new property. Also, they have some great processes for getting their tenants to treat the property as their home, not as just a rental! - the resource they recommend is BiggerPockets link below to check out the community. https://www.frommilitarytomillionaire.com/we-recommend-BP-Pro/ - Their big idea/parting advice is: find a real estate investor, not just a realtor. Real estate investing is work...but anything worth doing is. Also, think of any money you lose in the process as "tuition" we don't have issues paying tuition for school...but when we lose a little money in real estate we freak out. Think "its just tuition!" - You can reach out to them at https://www.homeagainSA.com/ or check out their group on Facebook: Home Again Properties - SUBSCRIBE: https://bit.ly/2Q3EvfE - Blog: https://www.frommilitarytomillionaire.com/start-here/ Instagram: https://www.instagram.com/frommilitarytomillionaire/ Facebook: https://www.facebook.com/frommilitarytomillionaire/ Audible: https://amzn.to/2K0wzxL - Join me in the BiggerPockets Pro community! https://www.frommilitarytomillionaire.com/we-recommend-BP-Pro/ - Books I recommend First read: https://amzn.to/2KcTEww Real Estate Investing: https://amzn.to/2ltPRNm Real Estate Investing: https://amzn.to/2yxFBNf Real Estate Investing: https://amzn.to/2IhQ1QI Building Wealth: https://amzn.to/2ttiwpf Efficiency: https://amzn.to/2K1eRdy Efficiency: https://amzn.to/2yvuu7K Negotiating: https://amzn.to/2tmCyT7

Joe Alvarez is a retired Army Captain! - Joe served four years in the Marine Corps. He later returned to the military by enlisting in the United States Army. After 14 years of active duty he commissioned as an officer, and retired as a Captain! - His advice to an E-1/E-2 (18/20-year-old) is: Invest in yourself, save with a purpose, and use the VA loan house-hack strategy! - the resource he recommends is: Rich Dad Poor Dad https://amzn.to/2KcTEww The One Thing https://amzn.to/2LjqxWq - His big idea/parting advice is: Find your Freedom Number, Find your Why, then learn and take action! - If you want to reach out to Joe you can find him on Instagram at: @joe_al1 - Join me in the BiggerPockets Pro community! https://www.frommilitarytomillionaire.com/we-recommend-BP-Pro/ - Follow our journey! Blog: https://www.frommilitarytomillionaire.com/start-here/ Instagram: https://www.instagram.com/frommilitarytomillionaire/ Facebook: https://www.facebook.com/frommilitarytomillionaire/ Listen to Books While commuting, 10X your Wealth/Productivity/Knowledge: https://amzn.to/2K0wzxL Books I recommend First read: https://amzn.to/2KcTEww Real Estate Investing: https://amzn.to/2ltPRNm Real Estate Investing: https://amzn.to/2yxFBNf Real Estate Investing: https://amzn.to/2IhQ1QI Building Wealth: https://amzn.to/2ttiwpf Efficiency: https://amzn.to/2K1eRdy Efficiency: https://amzn.to/2yvuu7K Negotiating: https://amzn.to/2tmCyT7 Recording equipment Camera: https://amzn.to/2KdJYBD Camera Microphone: https://amzn.to/2yvrlol Desktop Microphone: https://amzn.to/2tjyL91 Recording Headphones: https://amzn.to/2ttpH0M Editing Software: https://amzn.to/2ltKHkp Tripod: https://amzn.to/2IgUiUy Joby Tripod: https://amzn.to/2KfmsEC Travel Cell Phone Tripod: https://amzn.to/2K890z6 Lighting: https://amzn.to/2K8bBck -------------------------------------------------------------------------------------

Jacob Ayers and I first met after we were both guests on the BiggerPockets Podcast (Show 281)! Jacob is a fire protection engineer that owns 8 rental properties currently! He is also the host of a podcast called The Real Estate Way to Wealth and Freedom (of which I've been a guest)! Jacob is an all around nice guy, with a level head, and great knowledge about real estate investing. I look forward to seeing what 2019 has in store for him! - http://www.jacobayers.com/ - Join me in the BiggerPockets Pro community! https://www.frommilitarytomillionaire.com/we-recommend-BP-Pro/

Tim Kelly is a Chief Petty Officer in the Navy, and has been active duty for 13 years! - Tim has spent 13 years actively serving in the United States Navy, and is currently an instructor of Water Survival, due to his background as a rescue swimmer. Tim started investing in real estate by purchasing a four-plex with an FHA-203k loan, and has since progressed to a 42-unit apartment complex, and even larger multi-family apartments, mobile home parks, and other syndications! Tim is also a member of the Active Duty Passive Income team! - His advice to an E-1/E-2 (18/20-year-old) is: Personal finance is important, but you need to get out there and teach yourself. Unfortunately, the world fails at educating us on finances, but it is much simpler than you would think…If you only take some steps towards learning! If you want it to be simple, look into low fee index funds (I like Vanguard and some Fidelity funds personally, but there are tons of good ones out there)! - the resource he recommends is: www.ActiveDutyPassiveIncome.com - his big idea/parting advice is: Take Ownership, and teach yourself about finances/investing. Watch your E2E (entertainment to education) ratio…the more education the better (not talking about college, but personal development here). Mindset is everything! - If you want to reach out to Tim you can find him at: www.TheTimothyKelly.com [email protected] or @TheTimothyKelly on Instagram - Join me in the BiggerPockets Pro community! https://www.frommilitarytomillionaire.com/we-recommend-BP-Pro/

Dustin Heiner, owner of www.masterpassiveincome.com and I met at FINCON this year, and immediately hit it off! Dustin is a genuine guy, that loves to talk real estate and help others achieve success through rental properties! - We talked about the six ways that real estate builds wealth: cashflow, equity capture, forced appreciation, market appreciation, equity build-up, and tax advantages (there are so many great reasons). - Dustin also gave some great advice for verifying that work got done satisfactorily with properties that you have never stepped foot inside! - DON'T GO TO COLLEGE! Joking...or are we?!?? - Join me in the BiggerPockets Pro community! https://www.frommilitarytomillionaire.com/we-recommend-BP-Pro/ - Follow our journey! Blog: https://www.frommilitarytomillionaire.com/start-here/ Instagram: https://www.instagram.com/frommilitarytomillionaire/ Facebook: https://www.facebook.com/frommilitarytomillionaire/ Listen to Books While commuting, 10X your Wealth/Productivity/Knowledge: https://amzn.to/2K0wzxL Books I recommend First read: https://amzn.to/2KcTEww Real Estate Investing: https://amzn.to/2ltPRNm Real Estate Investing: https://amzn.to/2yxFBNf Real Estate Investing: https://amzn.to/2IhQ1QI Building Wealth: https://amzn.to/2ttiwpf Efficiency: https://amzn.to/2K1eRdy Efficiency: https://amzn.to/2yvuu7K Negotiating: https://amzn.to/2tmCyT7 Recording equipment Camera: https://amzn.to/2KdJYBD Camera Microphone: https://amzn.to/2yvrlol Desktop Microphone: https://amzn.to/2tjyL91 Recording Headphones: https://amzn.to/2ttpH0M Editing Software: https://amzn.to/2ltKHkp Tripod: https://amzn.to/2IgUiUy Joby Tripod: https://amzn.to/2KfmsEC Travel Cell Phone Tripod: https://amzn.to/2K890z6 Lighting: https://amzn.to/2K8bBck -------------------------------------------------------------------------------------

Stuart Grazier is a Commissioned Officer in the Navy - Stuart Grazier has served in the United States Navy for 16 years. He is an active duty commissioned officer, and also runs the Military Investor Network! - His advice to an E-1/E-2 (18/20-year-old) is: “Don’t buy dumb stuff.” Which we elaborated on by discussing the importance of mitigating expenses, and learning the ins/outs of the Cashflow-Quadrant that Robert Kiyosaki talks about. - the resource he recommends is: Rich Dad Poor Dad by Robert Kiyosaki - https://amzn.to/2KcTEww Set for Life by Scott Trench! - https://amzn.to/2zfBJhT Military House-Hacking by Markian Sich https://amzn.to/2OLiB0b - His big idea/parting advice is: Model successful businesses. Don’t try to recreate the wheel, but learn from their failures instead. Get out there learn, network, and take action! - If you want to reach out to Stuart you can find him at: http://www.militaryinvestornetwork.com/ - Join me in the BiggerPockets Pro community! https://www.frommilitarytomillionaire.com/we-recommend-BP-Pro/

Shelby Osborne is a Commissioned Officer in the Army, gone real estate investor and agent! - She currently owns 16 rental units, and 15 of those have been purchased in a very short time-frame! Shelby got her start by reading the Business of the 21st Century by Robert Kiyosaki, and then began researching her way around the BiggerPockets community! - Her advice to an E-1/E-2 (18/20 year old) is: Have Focus! Think about what you really want...I.E. find your Why. - the resource she recommends is: A BiggerPockets Pro Membership! - Her parting advice is: Read the Miracle Morning for Millionaires (By Hall Elrod). - If you want to reach out to Shelby you can find her at: https://www.linkedin.com/in/realestatewithshelbyosborne/ - Join me in the BiggerPockets Pro community! https://www.frommilitarytomillionaire.com/we-recommend-BP-Pro/

Shawn McVicker got his start wholesaling real estate. He has turned this into a successful business in Oklahoma City, and this is his story from start to present! - Looking forward to seeing what the future has in store for him!

Alex Felice is an Army veteran, real estate investor, and avid writer in the BiggerPockets blog community! Alex runs his own website https://www.brokeisachoice.com/ where he writes blog posts, and consults with people about achieving their real estate goals. - Alex also has great hair!

Christian Montalvo and her husband have completed two house-hacks, and own eight rental units. They have accomplished all of this on a working class W2 salary!