The Wealth Elevator Podcast: Real Estate, Taxes, Investing

Show notes - https://simplepassivecashflow.com/165pat/Youtube - https://youtu.be/W7XOeeEDlOgFor more events check out - SimplePassiveCashflow.com/eventsStart learning about real estate investing - SimplePassiveCashflow.com/startSubscribe to the Top-50 Investing Free Podcast - https://podcasts.apple.com/us/podcast/simple-passive-cashflow/id1118795347_________________________Top SimplePassiveCashflow Posts:This website has been going through daily improvements everyday since 2016. I admit things are a bit all over the place as I learn about these investments and wealth tactics. Events – SimplePassiveCashflow.com/eventsPast Projects - crowdfundaloha.com/past-projects/Simple Passive Cashflow’s Investor Friend Finder!!! – SimplePassiveCashflow.com/friendsMenu of Investing Options – SimplePassiveCashflow.com/menuLaneHack – SimplePassiveCashflow.com/lanehackGroup Coaching Mastermind – SimplePassiveCashflow.com/journeyCoaching – SimplePassiveCashflow.com/coachingJoin our Private Investor Club – SimplePassiveCashflow.com/clubJoin our Team – SimplePassiveCashflow.com/jointeamOur Mission – SimplePassiveCashflow.com/missionPartner Opportunity – SimplePassiveCashflow.com/partnerProducts I support – SimplePassiveCashflow.com/productsAbout Lane Kawaoka – SimplePassiveCashflow.com/about-meQuarterly Investor Updates – http://simplepassivecashflow.com/investorletterSPC YouTube Channel – https://www.youtube.com/channel/UC3cIIsGKx3osVU5rt2P0HfQReal Estate Book Recommendations – SimplePassiveCashflow.com/booksBackwards Engineering Happiness – SimplePassiveCashflow.com/happyRental Property Analyser – SimplePassiveCashflow.com/analyserVisit Lane in Hawaii – SimplePassiveCashflow.com/retreatStart Here – http://simplepassivecashflow.com/startUltimate Simple Passive Cashflow Guide to…1031 Exchanges – Simplepassivecashflow.com/1031guideNewbies – SimplePassiveCashflow.com/noobInfinite Banking – SimplePassiveCashflow.com/bankingYour Opportunity fund – SimplePassiveCashflow.com/ofundTaxes – SimplePassiveCashflow.com/taxTradelines – Simplepassivecashflow.com/tradelinesTurnkey Rental Guide: simplepassivecashflow.com/turnkeySyndication Guide – simplepassivecashflow.com/syndicationCrowdfunding – SimplePassiveCashflow.com/crowdfundingNetworking – SimplePassiveCashflow.com/peoplePrivate Money Lending – SimplePassiveCashflow.com/lendInvesting in Coffee/Cocoa – SimplePassiveCashflow.com/coffeeInvesting in Non-Preforming Notes – SimplePassiveCashflow.com/ahpRent don’t buy – SimplePassiveCashflow.com/homeInvestor Fallacy: Return of Equity – SimplePassiveCashflow.com/roeHow to Calculate Investment Returns – SimplePassiveCashflow.com/returnsWhy you should break up with your Financial Planner – SimplePassiveCashflow.com/fpQuitting your job – SimplePassiveCashflow.com/quit Hosted on Acast. See acast.com/privacy for more information.

https://youtu.be/WlEecFo_6c8Hunter is a full-time real estate investor and founder of Cash Flow Connections, a private equity firm based out of Los Angeles, CA. Since starting CFC, Hunter has helped more than 200 investors allocate capital to over 100 properties, which have a combined asset value of more than $350,000,000. In connection with these investments, he has worked with some of the most experienced and well-respected asset teams across the United States and Canada. 1) How much simple passive Cashflow are you making today and how are you doing it?(You don't need to give a number if you would like privacy. You can be vague such as halfway to quitting my job, cover my mortgage, Make 25% of my expenses, over $10k, although people like when people open up the kimono.)I am a full-time passive investor since I am a syndicator and the owner of a PE firm that focuses on passive investments. My goal is to have my passive income be 5x my monthly expenses by 35. I would be happy to go into how that can be achieved. Of course, that is not truly "passive" but I think your listeners will find it interesting. 2) What is your Han Solo moment - Han Solo and his buddy Chewbacca from Star Wars were cruising around the galaxy as lowlife smugglers but then cross paths with Luke and Leia and his life took a pivot point. Describe the resistance that was the catalyst for change.For me the European debt crises was my last straw moment. Unlike most investors, I was really excited about the opportunity which was presented in 2008, but later realized that stocks are just not a good investment vehicle for predictability and cash flow. Did you "burn the boats" or did you let it happen naturally - was there an internal (you decided to make a change on own – what was thought process?) or external trigger (ie got fired from your job)?I have had many moments like this through my career. 1) I realized that I couldn't invest in stocks. 2) Raising capital wasn't as easy as I thought it would be. 3) I didn't have any employable skills. 4) I had to make CFC work as it is truly my only option.  3) Worst life/business moment what did you do after? Lesson learned?Working at a Google ads sales job. I had no place in corporate America. 4) Current 2-week experiment and 6-month project? (90-180 day goal) A mark of a high performer is to put your ego aside and accept the help of others and mastermind maybe folks can help you by you asking.I am trying CrossFit workouts. I am really trying to increase my productivity. Meditation. I'm putting on my first conference and working with my fiance' for the first time.  5) What is your simple passive Cashflow number? Now imagine you had 2x that amount... Describe your ideal day, detailed routine, and what projects you are working on.This sounds like an infomercial, but my ideal/perfect day is almost exactly like today, but I wish their was even more time in my unique ability, there were more zeros, and I had more opportunities to build more relationships with investors. 6) Something that you have recently or thought about “burning your cash” on for time savings or an improvement in quality of life.I am considering hiring a Marketing Manager. 7) Something that you changed your mind on? Our ego often gets in the way of greatness.Focusing on a mentorship program. I created it and don't know what to do with it.8) In this sellers market... what are you investing in? What should a someone who does not have a substantial level of cashflow yet be investing in?MHPs and self-storage. 8) Tony Robbins identifies two large concepts that we are continually struggling to gain perfection at: #1-Art of Fulfillment and #2-Science of Achievement. If you died tomorrow and I were to email this to your kids a couple decades later… this is what they would hear.What is your secret/hack for the "Science of Achievement?" Any secret habits to share? Morning or Nighttime ritual?What is your secret/hack for the "Art of Fulfillment?" How you do contribute back?Happy to go into the details of my morning routine, I am still working on the art of fulfillment, I haven't quite figured that out yet. I typically donate to disaster relief exclusively for reasons we can discuss.Hunter is also the host of the Cash Flow Connections Real Estate Podcast, which helps investors learn the intricacies of commercial real estate from the comfort of their home, car, or office. Hosted on Acast. See acast.com/privacy for more information.

President and Co-Founder of Newton Group TransfersTrusted timeshare exit companyAuthor of The Consumer's Guide to Timeshare Exit·Featured as a timeshare exit expert in US News & World Report· Why do most people want to get out of their timeshares?· If you paid $20,000 for your timeshare, why you can’t sell it for a profit like most other real estate?· Why won't the resort just take it back?· Why do you say a 100% money back timeshare exit guarantee is not enough?· Why do you say that going back to the resort is NOT a good idea? · Why does a secondary (resale) market for timeshares not exist?· Why did Gordon write The Consumer’s Guide To Timeshare Exit?For more events check out - SimplePassiveCashflow.com/eventsStart learning about real estate investing - SimplePassiveCashflow.com/startSubscribe to the Top-50 Investing Free Podcast - https://podcasts.apple.com/us/podcast/simple-passive-cashflow/id1118795347_________________________Top SimplePassiveCashflow Posts:This website has been going through daily improvements everyday since 2016. I admit things are a bit all over the place as I learn about these investments and wealth tactics. Events – SimplePassiveCashflow.com/eventsPast Projects - crowdfundaloha.com/past-projects/Simple Passive Cashflow’s Investor Friend Finder!!! – SimplePassiveCashflow.com/friendsMenu of Investing Options – SimplePassiveCashflow.com/menuLaneHack – SimplePassiveCashflow.com/lanehackGroup Coaching Mastermind – SimplePassiveCashflow.com/journeyCoaching – SimplePassiveCashflow.com/coachingJoin our Private Investor Club – SimplePassiveCashflow.com/clubJoin our Team – SimplePassiveCashflow.com/jointeamOur Mission – SimplePassiveCashflow.com/missionPartner Opportunity – SimplePassiveCashflow.com/partnerProducts I support – SimplePassiveCashflow.com/productsAbout Lane Kawaoka – SimplePassiveCashflow.com/about-meQuarterly Investor Updates – http://simplepassivecashflow.com/investorletterSPC YouTube Channel – https://www.youtube.com/channel/UC3cIIsGKx3osVU5rt2P0HfQReal Estate Book Recommendations – SimplePassiveCashflow.com/booksBackwards Engineering Happiness – SimplePassiveCashflow.com/happyRental Property Analyser – SimplePassiveCashflow.com/analyserVisit Lane in Hawaii – SimplePassiveCashflow.com/retreatStart Here – http://simplepassivecashflow.com/startUltimate Simple Passive Cashflow Guide to…1031 Exchanges – Simplepassivecashflow.com/1031guideNewbies – SimplePassiveCashflow.com/noobInfinite Banking – SimplePassiveCashflow.com/bankingYour Opportunity fund – SimplePassiveCashflow.com/ofundTaxes – SimplePassiveCashflow.com/taxTradelines – Simplepassivecashflow.com/tradelinesTurnkey Rental Guide: simplepassivecashflow.com/turnkeySyndication Guide – simplepassivecashflow.com/syndicationCrowdfunding – SimplePassiveCashflow.com/crowdfundingNetworking – SimplePassiveCashflow.com/peoplePrivate Money Lending – SimplePassiveCashflow.com/lendInvesting in Coffee/Cocoa – SimplePassiveCashflow.com/coffeeInvesting in Non-Preforming Notes – SimplePassiveCashflow.com/ahpRent don’t buy – SimplePassiveCashflow.com/homeInvestor Fallacy: Return of Equity – SimplePassiveCashflow.com/roeHow to Calculate Investment Returns – SimplePassiveCashflow.com/returnsWhy you should break up with your Financial Planner – SimplePassiveCashflow.com/fpQuitting your job – SimplePassiveCashflow.com/quit Hosted on Acast. See acast.com/privacy for more information.

https://youtu.be/y1DNdnOJLoQFor Simple Passive Cashflow Hui Deal Pipeline Members book a complimentary session to the CPA/Legal team I use here. - http://bit.ly/2WbIiuF2018 Tax Cuts and Jobs Act2019 Changes vs 2018 ChangesTax brackets changedMileage 54 to 58 centsAlimony - only decrees 2019 and beyondStandard deduction upRetirement amounts incrementally upOpportunity Fund ZoneFor flippers only?Shelter non real asset gains like stock gains?Deducting Meals?With Spouse?With Client?Take Lane of to lunch or Toby out to Beerlab when he comes to Hawaii?Can you deduct rental expenses when you have no rental income?You can have deductions as long as you have a property ready to be rented out. Even if it sits vacant - as long as its ready.Paying your kids and parents.Writing off car just for driving around with add on door?Toby Mathis, Esq.Founding Partner, Attorney, Author & Business Tax ExpertHe sits on the board of directors for several companies and was recently appointed to the local board of Entrepreneurs’ Organization, a worldwide association of owners of successful businesses. He has authored more than 100 articles on small business topics and has written several books on good business practices, including first, second and third editions of Tax-Wise Business Ownership and 12 Steps to Running a Successful Business. Hosted on Acast. See acast.com/privacy for more information.

Full notes - https://www.SimplePassiveCashflow.com/duncanStart learning about real estate investing - SimplePassiveCashflow.com/startSubscribe to the Free Podcast - https://podcasts.apple.com/us/podcast/simple-passive-cashflow/id1118795347_________________________Top SimplePassiveCashflow Posts:This website has been going through daily improvements everyday since 2016. I admit things are a bit all over the place as I learn about these investments and wealth tactics. Events – SimplePassiveCashflow.com/eventsSimple Passive Cashflow’s Investor Friend Finder!!! – SimplePassiveCashflow.com/friendsMenu of Investing Options – SimplePassiveCashflow.com/menuLaneHack – SimplePassiveCashflow.com/lanehackGroup Coaching Mastermind – SimplePassiveCashflow.com/journeyCoaching – SimplePassiveCashflow.com/coachingJoin our Private Investor Club – SimplePassiveCashflow.com/clubJoin our Team – SimplePassiveCashflow.com/jointeamOur Mission – SimplePassiveCashflow.com/missionPartner Opportunity – SimplePassiveCashflow.com/partnerProducts I support – SimplePassiveCashflow.com/productsAbout Lane Kawaoka – SimplePassiveCashflow.com/about-meQuarterly Investor Updates – http://simplepassivecashflow.com/investorletterSPC YouTube Channel – https://www.youtube.com/channel/UC3cIIsGKx3osVU5rt2P0HfQReal Estate Book Recommendations – SimplePassiveCashflow.com/booksBackwards Engineering Happiness – SimplePassiveCashflow.com/happyRental Property Analyser – SimplePassiveCashflow.com/analyserVisit Lane in Hawaii – SimplePassiveCashflow.com/retreatStart Here – http://simplepassivecashflow.com/startUltimate Simple Passive Cashflow Guide to…1031 Exchanges – Simplepassivecashflow.com/1031guideNewbies – SimplePassiveCashflow.com/noobInfinite Banking – SimplePassiveCashflow.com/bankingYour Opportunity fund – SimplePassiveCashflow.com/ofundTaxes – SimplePassiveCashflow.com/taxTradelines – Simplepassivecashflow.com/tradelinesTurnkey Rental Guide: simplepassivecashflow.com/turnkeySyndication Guide – simplepassivecashflow.com/syndicationCrowdfunding – SimplePassiveCashflow.com/crowdfundingNetworking – SimplePassiveCashflow.com/peoplePrivate Money Lending – SimplePassiveCashflow.com/lendInvesting in Coffee/Cocoa – SimplePassiveCashflow.com/coffeeInvesting in Non-Preforming Notes – SimplePassiveCashflow.com/ahpRent don’t buy – SimplePassiveCashflow.com/homeInvestor Fallacy: Return of Equity – SimplePassiveCashflow.com/roeHow to Calculate Investment Returns – SimplePassiveCashflow.com/returnsWhy you should break up with your Financial Planner – SimplePassiveCashflow.com/fpQuitting your job – SimplePassiveCashflow.com/quity Hosted on Acast. See acast.com/privacy for more information.

 Discussion of China Trade Wars, where we are in the cycle, and new marco economic concepts.Use code "LANE" for 50% off the Macro Watch! https://richardduncaneconomics.com/product/macro-watch/Subscribers to Macro Watch will receive:Approximately 25 Macro Watch videos per year. A new video will be uploaded roughly every two weeks.Richard Duncan’s two video courses:Capitalism In Crisis: The Global Economic Crisis ExplainedHow The Economy Really WorksAccess to all past issues of Macro Watch* Richard Duncan is the author of three books on the global economic crisis,including the international bestseller, The Dollar Crisis: Causes,Consequences, Cures, which forecast the global economic crisis of 2008. Since beginning his career as an equities analyst in Hong Kong in 1986,Richard has served as global head of investment strategy at ABN AMROAsset Management in London, worked as a financial sector specialist for theWorld Bank in Washington D.C., and headed equity research departmentsfor James Capel Securities and Salomon Brothers in Bangkok. He alsoworked as a consultant for the IMF in Thailand during the Asia Crisis.He is now the publisher of the video-newsletter Macro Watch, which can befound on his website:http://www.richardduncaneconomics.com/ Hosted on Acast. See acast.com/privacy for more information.

Sheets & Notes - https://simplepassivecashflow.com/rossengr/Video - https://youtu.be/0pkjUXdKRrc Hosted on Acast. See acast.com/privacy for more information.

Free 101 Assisted Living Course - http://bit.ly/2WZazEVYouTube - https://youtu.be/HsAzsoGOTdgGene Guarino, CFP and Founder of the Residential Assisted Living Academy is regarded as "the" expert in the residential senior housing space.Learn more about the asset class - SimplePassiveCashflow.com/alf Hosted on Acast. See acast.com/privacy for more information.

I met Bo (online) in early 2018. When I first chatted with him he was another propeller hat.What makes him different but more importantly what tangible steps did he take. Bio:Bo is a buy and hold real estate investor from Southern California and has picked up 6 rental properties in 6 months since closing on his first property. He invests in working class neighborhoods across the markets of Indianapolis, Kansas City, and Little Rock. During the day, Bo works as a senior consultant for a regional CPA firm and hopes to create passive income to become financially free and also educate others to do the same.StoryLearned about REI at a young age (landlord from 10-18 yrs old) was a chinese lady who taught her son how to be a landlordStarted to rent out room in 3 bed primary room for cash flowParents had "renter's mentality/scarcity mindset"“I cant afford that right now” - Rich Dad “How can i afford that”“This is good enough. I don’t really want that bigger house, better car or fancy vacation anyway.”Let go of fear!!Why I chose REI -passive income: “David Bach - automatic millionaire, latte factor, pay yourself first”RD → Pay yourself first, but with a purpose, savers are losers (inflation, money not making a return, etc.)Started consuming all podcasts, books, audiobooks, and attending real estate conferences and meetups Met mentors (lane, who showed him how to invest out of state (instead of REITs, other passive stuff)Good mentors/Bad mentorsPeople who try to sell you thingsGood mentors - are doing deals, negotiation tactics (saved 3K on first deal). Dont have to re-create wheel, introduce them to their circle of friends/investors. Looks at deals - responds 24-48 hrsOngoing relationship - i sent them leads if i find any, send them vendor listing compiled, heloc listing,Bad mentors - arent doing the things they are “promoting”/exp from 10 years agoGoal is to continue to BRRR in KC, Indy, Little Rock (atleast 10 in each location)Build brand = blog, podcasting, networking like a madmanTipsBad things"Motivation gets you started, but habits keep you going." Finding my why - which is building income for my aging parents, and building a legacy for my family got me started. But I know that Ive started things in the past that have fizzled out - Like what? Trying the latest workout, studying for licensureTo finish strong, I knew I needed to create lifelong habits that will help me take a step (no matter how small) in the direction where I want to go and the person that I want to be. To take a page out of Grant Cardone’s book - 10x rule. Uncle G says by increasing your target goals, and taking massive action (10x) your mindset will shift and so will your results.Another key thing ive learned was create systems and processes that you can leverage in the future, whether it be routine checkups w/ your PMs - What exactly? Utilizing custom spreadsheet to keep track of all P&L items across 6 properties“Gauge” expense % and if over time its trending towards higher than expected (i.e. 50%) then have a check in call w/ PM to understand whyDepending on area, (now learning KC basements are prone to flooding), consult them to see if we need to take preventive measures, drylocking, sump pumps, ventilation, etc.Actually took this from your spreadsheet (bi-annual checkin)underwriting deals - What exactly? Using a checklist to make sure it fits your criteriaIf it deviates, explain why (“deal is at 50cents a dollar, than the typical 70cents, diff strategy/airbnb, venturing into new area)Run it by 2-3 localsStress test it - lower rents by 10-15%, increase maintenance and vac from usual 8%/8% to 10%/12%What could go wrong? If a rehab, add in 10-15% contingencyHow long can i sustain vacancy  whatever that helps you streamline your business and reduce unwanted risk. Luckily for me, my background as an accountant and consultant that specializes in compliance and internal controls helped me view this new business venture in terms of how I approach a new client - I look at the business environment, risks that the company faces, and find solutions to mitigate the risk if it cannot be completely eliminated.Words of wisdom for scared newbies newbies that are out there looking for buy and hold properties, especially as an out of state investor? Another favorite quote of mine is one that says “its not what you dont know that gets you in trouble, but what you think you know that just aint so”. Im not sure if i interpreted it the way the speaker intended it, but I like to refer to this whenever people come to me and relay information that they heard from a friend, or read in an article somewhere that the next crash is here or that out of state investing is super risky. If i have done my due dilligence (talked to 5-10 different investors from indy and get multiple viewpoints, fly out to the market, underwrite dozens of properties) I am okay with taking calculated risks. My piece of advice is if you want to get into real estate

 Isn't Amazon going to kill Shopping Centers? Michael Flight has an extensive background in commercial real estate investing and is principal of Concordia Realty.Concordia Realty specializes in shopping plazas and retail properties. They prefer to purchase operational commercial projects with existing income. They concentrate on strip shopping centers and they occasionally renovate or restructure existing commercial properties.They have over a million square feet of retail space located in the Illinois, Indiana, and Michigan markets. Increasingly they are interested in Ohio and Wisconsin. They continually look for good opportunities and are working to expand into new areas.Michael became involved in real estate shortly after college where he worked as a broker and then began working with a syndicator that owned shopping malls. In 1990, he started out on his own by founding Concordia. Take us back to Pre-1990, how did you get into Real Estate Investing? What does Value add mean in shopping centers? Finding better tenants, upgrading and renovating buildings, and increasing rents. Isn't Amazon going to kill Shopping Centers?He says, “A lot of negative press about retail real estate has been generated by companies like Amazon competing online. This has driven down prices and opened up opportunities for Concordia. It’s hard to get goods delivered that last mile to parts of rural America. Even Amazon has invested in companies like Whole Foods as they recognize the need for retail outlets.” They are examining different merchandising strategies and like to see that their tenants have an online component to their businesses. What types of Shopping Centers do bad? He discusses the types of retail stores that will likely do well in the current environment and those that may fail. How are Cap Rates in Shopping centers compare with other asset classes? Institutional investors?What are you personally investing in as a LP? What is something that I (apartment refugee) should do? Go to a boot camp? Hosted on Acast. See acast.com/privacy for more information.

Website link - SimplePassiveCashflow.com/155jason Jason Ricks discusses his options as being and investor after having some experience as an investor of small residential units and now transitioning to syndications.His day job is in commercial shopping centers which brings a unique perspective to the conversation.From all in 401(k)index investor starting out to single family purchase while simultaneously receiving AMLI equity share position. Failed attempt of Single/Duplex investing.Lane shares his rule: After over 1000 strategy calls with investors and coaching clients over the past couple years here is what I tell W2 employees... For those who are able to save more than $30k a year or have substantial liquidity (over 200k), being a landlord and especially flipping is a lot of work. If you like it cool/good for you... but just remember why we got into this... To be free from a JOB. A lot of us (80%) who stumble upon simplepassivecashflow.com and start drinking Kool-Aide will be financially free in 4-7 years pending taking action. So I always urge people to start with the end in mind and take a more passive approach.Do the math here… you with 300 dollars per property (2 months of work to buy a turnkey rental) you are going to need 20-40 of these to replace your income. I have 10 of these and have systems in place but have 1-2 evictions a year and 3-4 big things that happen. Image if I had 30, just 3 x those numbers.Directly investing in a turnkey rental or small MFH is a good way to start to learn and build up the war chest to go into my scaleable investments such as private placement syndications. Whatever you do, try to be as close to the investment as possible. This is the fundamental problem I have with Wall Street who takes too much fees off the hard-working efforts of the middle class. Due Diligence process, PPM, and why I decided to invest in the deal.Focus on buying retail properties, and using my retail CRE knowledge moving forward.  Hosted on Acast. See acast.com/privacy for more information.

Check your lazy equityInvesting out of the country with hotel investing SimplePassiveCashflow.com/154kira Hosted on Acast. See acast.com/privacy for more information.

https://youtu.be/YYNq4EZEjgkShow notes: SimplePassiveCashflow.com/153riceBuy the book we discussed hereComing out of college—I worked for the department of economic development up in Albany New York, and it was a really interesting experience. I was charged with helping being a part of projects where we try to keep businesses in New York or otherwise help them locate there, which is difficult to do given the high taxes that are in New York.Did that for a couple of years, didn’t want to be a civil servant my whole life, so I went to law school—like most aimless people do as they try to find their way.They say a fool and his money are soon parted, and, for the 1 percent, this is especially true. The more wealth one has, the more risks to their financial security. But with the right knowledge, planning, and guidance, the affluent can not only preserve their assets but enjoy them as well.Private wealth manager Frazer Rice has seen every challenge and success that the well-off can face. In Wealth, Actually, he shares his holistic, adaptable approach to wealth management. Through a combination of philosophical discussion, practical advice, humor, and anecdotes, he shows how prosperous individuals can determine what they want their wealth to do; communicate with loved ones about their fortune; avoid overspending; handle wealth threats; evaluate, grow, and protect investments; and choose the best advisors.Money shouldn’t be the dream—but, when it’s managed right, it can be the perfect tool to make dreams come true. Hosted on Acast. See acast.com/privacy for more information.

7 Lessons learned from first few deals7 - Not Googling the crime on the property6 - Not communicating enough through the closing process with LP’s (1031 story)5 - Not following up with the mortgage broker enough (going through a mortgage broker)4 - Not having a relationship with the leasing person (found out she was working multiple props)3 - Not asking if the PM can handle investor checks2 - Not firing a Property Manager fast enough1 - Not starting soon enough (invested in SFR’s, but scaled with MFH) Hosted on Acast. See acast.com/privacy for more information.

https://simplepassivecashflow.com/151doctor/Check out more on you Youtube Channel Hosted on Acast. See acast.com/privacy for more information.

Take the hint from other high level investors and be aware that MFH Apartments is where a lot of new syndicators are starting businesses and where all the gurus are teaching about the space. It might be time to look elsewhere other than Apartments and into mobile home parks.Learn more about the asset class here - https://simplepassivecashflow.com/mobile-home-park-investing/ Hosted on Acast. See acast.com/privacy for more information.

Full notes and SPC guide to QRPs and Retirement plansSimplepassivecashflow.com/QRP Hosted on Acast. See acast.com/privacy for more information.

Too much good stuff - go ready the full article here:SimplePassiveCashflow.com/investorletter Hosted on Acast. See acast.com/privacy for more information.

Vice IndexWatch the China TradeEconomic indicators THE MONEYBALL TRADERThe Moneyball Trader is a weekly advisory providing traders and investors with full research and analysis of the top companies to buy or sell on a weekly time horizon. The advisory’s approach is based on comprehensive data analysis.ANDREW ZATLINAndrew began his career as a trained economist, eventually focusing on consumer trends as a Research Fellow at the Kyoto University Economic Research Institute. Wanting more hands-on experience in the business world, he went to the Haas School of Berkeley for his MBA in 1992.Andrew’s next stop was Silicon Valley at the onset of the digital revolution. The timing couldn’t have been better.As a 20-year veteran of the semiconductor and networking world, Andrew has participated in the emergence of the new global economy, one based on the unique characteristics of the digital world and a changing global supply chain.The first-hand experience with the 21st century economy and what makes it so different has enabled Andrew to outperform Wall Street experts. His macroeconomic forecasts consistently rank at the top of Bloomberg polls. Even better, he has harnessed the deep understanding of the way modern companies operate to find the key data points that predict which companies are likely to beat or miss their earnings.Andrew Zatlin is a leading forecaster of key economic benchmarks. His forecasts are published on Bloomberg and for the year to date, he has been named:* Leading forecaster for Retail* Leading forecaster for Payrolls* Leading forecaster for Jobless ClaimsEvery Thursday morning - http://www.dol.gov/ui/data.pdfMoneyball Economics prides itself on:Presenting new & different ideasProposing actionable investing ideasBeing provocativeVice index?How is the US Economy doing?What else indicators or things regular guys can as a bookmark on their computer?10-2 year index?Is the U.S. Economy Slowing Down?Where to be buying?3-6 months of chaos?What asset class do you see as most recession resistant?Why is the Moneyball ending? Hosted on Acast. See acast.com/privacy for more information.

Matt, and I met a few years back when we were starting to invest in apartments. Having the right network is critical and its important to grow with people. Make no mistake this type of investing is high risk high reward but it's a whole lot of fun. When I build my base of cashflowing Class B and C apartments I will look to trophy assets like these.For more check out SimplePassiveCashflow.com/broadwayErica Lynn SchwartzErica Lynn Schwartz is a Tony-nominated performing arts professional with a widevariety of theatrical development and production experience. Erica has over 15 years of experience in Live Entertainment including producingBroadway shows. Her Broadway producing debut was Neil LaBute’s Reasons To BePretty (TONY, Drama Desk & Outer Critics Circle Nominations for Best Play) and sheis currently a co-Producer on Moulin Rouge! The Musical. Erica has invested in severalshows including the smash-hit Hamilton and an international tour of Wicked.Erica has worked on several Broadway shows including Wicked, The 25th AnnualPutnam County Spelling Bee, I Love You, You're Perfect, Now Change, Movin'Out, Doubt, and Hairspray. She ran the licensing, booking and touring division ofDaryl Roth Theatrical Licensing, lead a $25.5 million capital campaign for MCCTheater's newest complex and managed the reopening of Lincoln Center’s Alice TullyHall.Erica is a graduate of Northwestern University where she holds the honor of being nameda Distinguished Alumnus in 2008. She is currently the General Manager for the EmersonColonial Theatre in Boston, Massachusetts, where she resides with her husband and theirtwo daughters.For more information about Erica and Avalon Road Productions, please visitwww.avalonroad.netMatt Picheny, PMPMatt Picheny is the Managing Partner at MJP Property Group, a real estate investmentcompany. He has been involved in single family, multifamily & vacation rentals for over13 years. Matt has experience in property valuation, acquisition, new construction, rehab projects,property leasing, management, financing and is a Fannie Mae approved buyer. With aninvestment portfolio of over 1,350 units, he is primarily focused on acquiring andrepositioning multifamily communities. As a PMI certified Project Management Professional, Matt has a proven track record ofdelivering projects on budget, on schedule and at the highest quality standards. He is amarketing veteran whose 20-year New York City career spanned several of the world’slargest advertising agencies, producing award-winning projects for Fortune 500 clientsincluding Verizon, IBM, and Coca-Cola.For more information about Matt and MJP Property Group, please visit www.mjppg.comOnce you have gone through the majority of podcasts feel free to sign up for a chat - Also to get into my projects please setup a call because we need to have a pre-existing relationship.Setup a call here: https://calendly.com/simplepassivecashflow/20/SimplePassiveCashflow.com is for working professionals who are looking for diversification and better returns outside of traditional investments such as mutual funds and stocks. Hosted on Acast. See acast.com/privacy for more information.

http://simplepassivecashflow.com/invest-proactively-sellers-market/ Hosted on Acast. See acast.com/privacy for more information.

YouTube Link: https://youtu.be/AbrmeS7sJWwFull tax guide - SimplePassiveCashflow.com/taxArticle Link: Text “simple” to 314-665-1767 to download the Hui Google Drive files and the 2018 Rental Property Analyzer For a free electronic version of my bestselling book in 12+ categories text the word "ebook" to 587-317-6099. Please help the show by leaving a review: http://getpodcast.reviews/id/1118795347 Join the Hui Deal Pipeline Club! SimplePassiveCashflow.com/club  Hosted on Acast. See acast.com/privacy for more information.

https://youtu.be/dD7A9Sy595UDaniel Goodenough is the author of the recently released book of fiction, The Caravan of Remembering, A Roadmap for Experiencing the Awakening of Your Life’s Mission. He has been a professional musician, research scientist, and graphic designer. In the past 30 years, he has taught thousands of students through The Way of the Heart program to discover their authentic life’s path, and to walk that path in the world. Recently, he has been consulting with companies to help them do business differently, responding to the today’s changing business environment with mindfulness, integrity, and heart.Trapped in his life as a designer in Chicago that is both meaningless and safe, David hears a call he can’t resist to enter Caravan, a timeless, mystical world where he travels with mentors and other seekers to find his life’s meaning. Tools for the journey, including journaling and immersion in life’s story, are embedded in this rich tale, grounded in the author’s 30 years of working with life mission seekers. A series of questions in the back of the book helps readers apply what they’ve learned to their own lives.The Caravan of Remembering: A Roadmap for Experiencing the Awakening of Your Life’s Mission. www.caravanofremembering.comwww.thewayoftheheart.com Topics discussed:What is life’s mission, and why is it important in our lives?How can we can discover our authentic life’s mission?How can we answer the questions: “What did I come here to do, embody, and serve? Why am I here? Who am I called to become?”How can becoming aware of our life’s mission help us to make better choices in today’s changing work environment, where young people may have up to 16 different careers during their lifetime?How can we conduct business differently, with mindfulness, purpose, and respect for each other and the environment?How can new ways of doing business actually lead to greater financial success? (Daniel has examples of this.)[activecampaign form=3] Hosted on Acast. See acast.com/privacy for more information.

[First in a series of 2019 Hui Club member interviews and live coaching sessions. No more interviews of the same old people, these are real people just like you].Article Link: Text “simple” to 314-665-1767 to download the Hui Google Drive files and the 2018 Rental Property AnalyzerFor a free electronic version of my bestselling book in 12+ categories text the word "ebook" to 587-317-6099.Please help the show by leaving a review: http://getpodcast.reviews/id/1118795347Join the Hui Deal Pipeline Club! SimplePassiveCashflow.com/clubPardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math!________Here are the Show Notes________[First in a series of 2019 Hui Club member interviews and live coaching sessions. No more interviews of the same old people, these are real people just like you]Karl is a police officer who is currently making about 35k in passive income from his properties, which consists of 18 houses and 24 apartment units and are spread across small multifamily units.He started purchasing these properties in 2009.He then moved into wholesaling and just basically putting his money to work through private lendings and house flipping.He still keeps his day job as a police officer and continues to serve his community and help other people.The high demand for a better and affordable housing in their city drove Carl to try and enter the real estate business.Karl talks about his experiences on being a landlord and an investor. He also shares his experiences in house flipping as well as his future plans after retirement. Hosted on Acast. See acast.com/privacy for more information.

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Full notes and webinars - SimplePassiveCashflow.com/ofundSummary: Learn what how much money I keep on hand to pounce on deals and where do I keep it. Forget your Grandma's Emergency Fund... we are talking about your Opportunity fund to do deals (and avoid liquidity anxiety)!Have you heard of the Multifamily Investor Nation Summit, coming up on January 17th thru the 19th? It’s a three-day information packed event for multifamily investors, with over 1,000 attendees and over 50 speakers! You will hear from experts about finding deals, raising capital, underwriting strategies, selecting markets, and so much more! I have also been invited as one of the speakers to present on {your topic}. Go to apartmentevent.com to grab your ticket and use promo code {LANE} to get $100 off! Whether you are new to multifamily investing or a seasoned investor, you do not want to miss this event. Start 2019 off right by joining me at the Multifamily Investor Nation Summit. Visit apartment event.com! Hosted on Acast. See acast.com/privacy for more information.

YouTube Link: https://youtu.be/1vVQPdfl_SoAlso check out Buck Joffrey's podcast on cypto: https://itunes.apple.com/us/podcast/consensus-network-cryptocurrency-news-education/id1436793238?mt=2Article Link: Text “simple” to 314-665-1767 to download the Hui Google Drive files and the 2018 Rental Property Analyzer For a free electronic version of my bestselling book in 12+ categories text the word "ebook" to 587-317-6099. Please help the show by leaving a review: http://getpodcast.reviews/id/1118795347 Join the Hui Deal Pipeline Club! SimplePassiveCashflow.com/club Pardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math! ________Here are the Show Notes________Is dealing in Cryptocurrency dangerous?Bitcoin grew in value by 1,000% in 2017.Ripple was the best performing crypto, which had gains of 36,018% last year due to its ease of use. Each coin of Ripple is worth a small fraction of a Bitcoin. The technology makes it easier for banks, payment providers and businesses to send payments globally. They promise to deliver an experience that is instant, traceable, and inexpensive.NEM is an enterprise blockchain with “smart assets.” It can also be used to manage things like currencies, financial instruments, supply chains, and notarizations. Think how eBay or Amazon takes data from UPS or USPS to track your packages, but a lot bigger.Other Cryptos:ArdorStellarDashEthereum (2nd biggest Cypto)GolemLitecoin (getting in mainstream vernacular)BitcoinLearningCenters.com by Andy LaPointe Mr. LaPointe created this complete bitcoin learning system from the ground up! You will learn practical insights into this global phenomenon. By the endof the interview, you will also have a practical understanding ofcryptocurrencies, blockchain technology and Bitcoin.The information that Andy LaPointe will share is entertaining, insightful and easy-to-understand. No matter who you are or your background, the information he’llshare will help anyone to get started with cryptocurrencies today.You listeners will learn:- What is a Blockchain?- What is Bitcoin?- What is cryptocurrency?- How blockchain and Bitcoin are related.- How to determine if investing into cryptocurrencies is right for you.- What are some of the misconceptions about Bitcoin, cryptocurrencyand blockchain.- How to create the right cryptocurrency portfolio for you and yourfinancial future.- And much more!ABOUT THE AUTHOR:Prior to getting involved with blockchain technology in 2013, Mr. LaPointe spent 15 years in the corporate world as a Registered Investment Advisor (RIA), Series 7 Stockbroker and Mutual Fund Wholesaler. He offers deep knowledge of the financial markets, blockchain technology, asset allocation, risk tolerance and cryptocurrency.Andy LaPointe lives in Northern Michigan and is available for interview by calling 1-231-676-0643 (Eastern Standard Time) or email: [email protected] – Instant Availability Or visit: www.BitcoinLearningSystems.com Hosted on Acast. See acast.com/privacy for more information.

Full article and examples of tax forms and case studies - go to SimplePassiveCashflow.com/costseg Hosted on Acast. See acast.com/privacy for more information.

Article Link: Text “simple” to 314-665-1767 to download the Hui Google Drive files and the 2018 Rental Property Analyzer For a free electronic version of my bestselling book in 12+ categories text the word "ebook" to 587-317-6099. Please help the show by leaving a review: http://getpodcast.reviews/id/1118795347 Join the Hui Deal Pipeline Club! SimplePassiveCashflow.com/club Pardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math! ________Here are the Show Notes________Graham Parham: New Awards:#1 in units at Highlands Residential Mortgage for 2017#11 in state of Texas and 92nd in the US according to The Scottsman Guide andMortgage Executive Magazine – 1% top originators in the USTop Ranked – Ask A Lender Discussion today is 1-4 unit income properties, not owner-occupied.20% down on first ten financed properties? 25% for 2-4 units?DTI considerations when using HELOC from primary residence to invest?Credit scores down to 620. Max. credit score that helps?Reserves?New Fannie Mae Reserve Requirements for Investors with Multiple Properties OwnedThe Old requirements were six months Principle, Interest, Taxes, and Insurance (PITI) on the subject property and two on all other properties up to 4 leveraged 1 – 4 family properties excluding the primary residence. Properties 5 – 10 would require six month PITI on all properties.The New requirements are based on a percentage of the unpaid principal balance on each loan excluding the primary residence. If a borrower has 2-4 financed properties, the reserves of 2% of the unpaid principal mortgage balances are required, excluding the principal residence and the subject property.  If a borrower has 5 - 6 financed properties, 4% of the unpaid principal mortgage balances are required, excluding the principal residence and the subject property. If a borrower has 7 to 10 financed properties, 6% of the unpaid principal mortgage balances are required, excluding the principal residence and the subject property.The aggregate UPB calculation does not include the mortgages and HELOCs that are on              the subject property,              the borrower’s principal residence,              properties that are sold or pending sale, and              accounts that will be paid by closing.The subject property will still have monthly reserve requirements based on the total mortgage payment (PITI). Reserves are funds that you have access to liquid or non-liquid. Reserves are funds you need to have after the closing your transaction. Funds for reserves cannot be your funds for down payment or closing cost.Fannie Mae now will allow for 100% of the Non-Liquid funds, not 60%Non-Liquid funds can be used for reserve requirements.” IRA’s 401K’sSEP Funds  Gifts are NOT allowed on an investment property.     Investor interest rates how much higher than owner-occupied?     Mortgage sequencing. Example: if buyer wants to buy in Memphis today, Jacksonville next month, how should they plan?     Overall, lending climate more lose or tighter than 1 year ago? 5 years ago?     What should a prospective borrower do before contacting you?     1031 exchanges Cost and funding     What cost are covered in the exchangeWhat is UP with interest rates?4 Factors that determine your mortgage interest rate: Credit ScoreCredit Scores Adjustments  740 +  740 – 720  720 – 700  700 – 680  680 – 640  640 – 620 % of down payment 20% or 25% Loan Amount Adjustments Property TypeWhat about the 15 Year fixed?Does it make since to pay points?What is the difference between Mortgage Brokers and Mortgage Bankers?What are overlays?Does Fannie Mae have a black list?Are Appraisals regulated and by who?Is there an appraisal black list?What happens if the appraisal does not come in a contract price?Closing cost differences between lendersShould I pay cash for my investment properties or use leverage?The next example will show the benefits of using 20% down leveraging for properties versus buying one property and paying CASH.If you pay $150,000 in cash for one property, your net cash flow is $1245.00. By putting 20% down with an 80% loan to value and a 5% interest rate, your net cash flow is reduced to $600.81. Let’s not stop there. Keep in mind that 20% down payment on a $150,000 home is only $30,000. If you bought FIVE $150,000 homes and put 20% down on each with the same loan terms and monthly rents, you could increase your return on investment by $1759.05 a month to $3004.05. Invest your money wisely.The net cash flows

Article Link: Text “simple” to 314-665-1767 to download the Hui Google Drive files and the 2018 Rental Property Analyzer For a free electronic version of my bestselling book in 12+ categories text the word "ebook" to 587-317-6099. Please help the show by leaving a review: http://getpodcast.reviews/id/1118795347 Join the Hui Deal Pipeline Club! SimplePassiveCashflow.com/club Pardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math! ________Here are the Show Notes________ Erin Lowry is the author of Broke Millenial, a book about how to stop scraping by and start getting your financial life in order. She talks about how she learned about finances at a young age, how she gave up her dream school so she could live her dream life, and how living in New York inspired her to write her book, Broke Millenial. "Invest your spare change," may be a catchy line but you really can't invest your spare change to wealth. It has to be more than spare change. In the financial world, you are above nothing. Just because you have a college education doesn't mean that is your way out of financial difficulty. You also need to be prepared to take non-professional jobs or jobs that might be below you. Just like in any financial goal you have to figure out how to take a high-level idea and break it down into smaller parts. Think of whatever your long-term financial goals are and work backwards to break it down into something that is actually more achievable. A lot of people in their early twenties have beautiful, lofty dreams but no tangible steps on how to get themselves there.   Podcasts are great sources of information. Saving is important but earning more is bigger. To earn more is a key part of building wealth.  The biggest thing when it comes to feeling in control of your money is that you have to identify what you truly value. Don't allow other people to dictate where you should spend your money. Hosted on Acast. See acast.com/privacy for more information.

Full article - SimplePassiveCashflow.com/ringI recently got engaged and here are some of my experiences when buying a diamond ring.Full article - SimplePassiveCashflow.com/134diamondThe top three diamond providers online are Blue Nile, James Allen, and Rare Carat.The Big 5 C's of grading for Diamonds: Carat weight, Color, Clarity, Cut, and Confidence.Size is the most important factor in diamonds.Rare Carat offers the best selection of diamonds but lacks in ring selection.James Allen offers the best prices among the three diamond providers.As you grow your net worth, it is okay to buy something for your happiness even if it is non income-producing assets. Consider it as a milestone for growing your net worth.I originally planned to buy a Honda CRV and pop the question at a car dealership.  Hosted on Acast. See acast.com/privacy for more information.

David from Military to MillionaireCurrently still enlisted in Army and spent some time as a recruiterDon't blow you money on a nice carVA Loan - 0% down home loan for a primary residence with no private mortgage insurance (PMI)You can buy up to a 4 unitMove and buy at each difference duty stationGenerally, 410K loan is the max with exceptions for high price areas like HawaiiRelocation benefitsDo you stay enlisted in the militaryDon't underestimate the tax-sheltered allowances and perks Hosted on Acast. See acast.com/privacy for more information.

I did some research on this new Opportunity Fund Zone tax benefits. Below are some notes and ideas.Note: I’m not a CPA or attorney just putting it out there to help inspire some ideas.An Opportunity zone (OZ) is a tax-favored investment for people with capital gains.6-pages in the tax document in the new 2017 Tax Cuts and Jobs ActGoal to encourage long-term investments in low-income communities across the US.Every major city has some OZ.Most of Detroit is an OZ plus large portions of Baltimore.Allows investors to sell their appreciated assets and invest their realized capital gains into one or more designated OZ.EVEN STOCKS! Non-like kind assets are OK!After your selling your appreciated asset you have 180-days.The longer you hold the more benefit you get (up to 10 years).1) Defer your original capital gain tax obligations until 2026 or until you sell your OZ investment.2) Discount of 10% or 15% on the taxable amount of your original gains. If you hold more than 5 years your original cap gains decrease 10%3) If you hold 10 years or more. You will pay NO capital gains tax on any appreciation.You can self-certify so you do not need an intermediary like in 1031 exchanges.No investment minimum.There are some items that get a little unclear… where you should really consult your CPA.Check out the IRS opportunity comes frequently asked questions page and additional resources below.Resources to Google: community development financial institutions fund, CDFI Fund map.Note: Spending $100 dollars to save $20 dollars is not a wise idea. Just like buying a rental next to Grandma’s house because your travel there. A lot of specifics are still being played out but something intriguing to augment an already good investment.Other ideas: Look at the OZ map and try to find the smaller slivers of OZ. This is called “buying on the line” whereas areas improve on the edge of development you greatly benefit.I would ask your CPA if they know about these opportunity fund zones. If they don’t you might need a new CPA. If you are a current Hui Deal Pipeline Club member I would be more than happy to refer you to some people and then you can see if you work well together. There is a lot of rumors floating around how this tax will be implemented later this year. One of these rumors suggests that we might not qualify for the Opportunity Zone Fund. See second to the last page of the attached where they state that we have to do improvements that is the same as the basis in order to qualify.Resources: Article on Opportunity Fund Zones – https://drive.google.com/open?id=1F8wDToyb9olvq52U9LRMD8cBrJILm8q_ Hosted on Acast. See acast.com/privacy for more information.

YouTube Link: https://youtu.be/rG5QlGF5so8Article Link: Text “simple” to 314-665-1767 to download the Hui Google Drive files and the 2018 Rental Property Analyzer For a free electronic version of my bestselling book in 12+ categories text the word "ebook" to 587-317-6099. Please help the show by leaving a review: http://getpodcast.reviews/id/1118795347 Join the Hui Deal Pipeline Club! SimplePassiveCashflow.com/club Pardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math! ________Here are the Show Notes________Just got back from FinCon2018!What's that?A pretty impressive event. Its where 2000 financial bloggers, you-tubers, and podcasts this year gathered around all this money.In 2006, I started reading financial blogs. Sole of my favorite was getrichslowly, Wallet Hacks, and of course mr money mustache. FinCon started in 2011 with just a couple hundred people.Real estate investing is a minority. 95% of people are debt adverse and about the 4% rule. Buying cash so so debt. Living small is selfish? Make 150k a year and retire when you are 35...The Millionaire Next Door book is not the type of lifestyle I would like to live.A lot of financial advisors which I don't really like.I am cool with how it is enough to be happy and content.Other Findings:New investment account that incorporates mobile interfaces and suto-AI. Mint app has click to invest and banking apps have click to refi. It’s a little dangerous.A cool 5% instant liquidity online savings bank that invests in inventory loans. Let me know and I can connect you with that as I try to do more due diligence on my own.Liberty health share - religious-based health insuranceSide gigs - consistent theme from high performing growth mindset W2 employees who are not getting fulfillment at their bureaucratic day jobs.Interviews to follow in video...Please share this with friends because if you don't soon you won't have any friends to have mid-day lunch with when you not doing anythingInterview 1: Michael - Financiallyalert.comInterview 2: Spendlessgreen.comInterview 3: Rocky from RicherSoul Podcast - http://richersoul.com/ep-0030-richer-soul-real-estate-mindsets-lane-kawaoka/Interview 4: Alex - http://dailybs.com & nguonline.com Hosted on Acast. See acast.com/privacy for more information.

YouTube Link: https://youtu.be/SkY5izkbkoQArticle Link: Text “simple” to 314-665-1767 to download the Hui Google Drive files and the 2018 Rental Property Analyzer For a free electronic version of my bestselling book in 12+ categories text the word "ebook" to 587-317-6099. Please help the show by leaving a review: http://getpodcast.reviews/id/1118795347 Join the Hui Deal Pipeline Club! SimplePassiveCashflow.com/club Pardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math! ________Here are the Show Notes________I worked with Matt's team way back when in 2014 buying turnkeys. Simplepassivecashflow.com/turnkey Since then it is interesting as times change how his strategy has changed.We just completed the last deal for an Mobile home park. Which is a little different than apartments.Please leave an iTunes review - Help fight negative one-star reviewEarning $30,000/mo through single-family homes and seller-financed notes.Epic Real Estate started selling turnkey properties in 2009. Built successful portfolio, but returns lowering. However, real estate always a good purchase to buy and hold long-term.Amortization, depreciation, appreciation, and leverage (wealth multiplier) all make real estate investing attractive.Focusing more on lease options now for C- and D-class properties to rent properties and eventually sell them to tenant.Went from 7-figure year as a musician to bankrupt at 34. Found real estate mentor at grocery store and life changed.Real estate is the final frontier for the average person to have a legitimate shot a creating wealth.Paid $22,000 for mentorship in 2006. Everyone thought it was insane, but helped him get started.People who made it were ready for it. "Move faster than your doubts."Find the deal first and then the money will find you.Authored book "Do Over" that chronicled struggles and how he built his real estate empire.Be intentional with who you surround yourself with. Peer pressure works.Always be looking for a coach and outgrow them. Results accelerator.Spends $100,000/year on masterminds - worth being around the right people of doers.Goal was to increase passive income and decrease expenses. In 4 years became "retired," but wants to be wealthy; not just financially independent.Bookkeeper should be the first role you should outsource. Transaction coordinators and marketing person also helpful.Hardest part of the business is to find the deal and get into contract. Visit www.epicrealestateinvesting.com to check out the Epic Real Estate Investing Podcast. Hosted on Acast. See acast.com/privacy for more information.

YouTube Link: https://youtu.be/vjMF0jYqpHg? sub_confirmation 1Article Link: Text “simple” to 314-665-1767 to download the Hui Google Drive files and the 2018 Rental Property Analyzer For a free electronic version of my bestselling book in 12+ categories text the word "ebook" to 587-317-6099. Please help the show by leaving a review: http://getpodcast.reviews/id/1118795347 Join the Hui Deal Pipeline Club! SimplePassiveCashflow.com/club Pardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math! ________Here are the Show Notes________SimplePassiveCashflow.com/qrpI have been having a lot of calls with listeners having exhausted their liquidity and have money in their 401K or IRA's still in Wall Street Investments.One of those ways to get the money out is via a QRP or Solo401K.Today's guest Damion Lupo with discussing - SimplePassiveCashflow.com/qrp to get a free copy of his bookI cashed out my 401k because I figured I was going to pay the taxes anyway and my tax load would be a lot higher in the future and I wanted access to my money before retirement age.Visit CrowdfundAloha.com - a website dedicated to helping hard-working middle-class people build real estate portfolios.$26 trillion in retirement plans. You have all sorts of money that can be tapped into, but fear holds you back.As an investor, Damion has purchased 150 houses in 7 states ($20 million portfolios).2008: went from $20 million to -$5 million. Had to start all over. Beyond money, find out your why. Read Simon Sinek "Find Your Why."Mission Statement: Free 1 million people from financial bondage.I.R.S takes 70% of the average person's money. The QRP (Qualified Retirement Plan): "The Ferrari of 401(k)'s."You probably haven't heard of QRP as Wall Street tends to control your stuff.QRP allows you invest in many real estate options (syndications, lands, rentals, apartments, commercial, international deals, HML, etc.).Total control, fixed fees, endless choices, and FAST with QRP v. Self-Directed IRA. 10X contributions and control with no custodian.SDIRA will lose 1/3 of profit as UDFI triggered. QRP - Roth has no UDFI - keep 100% profit. Can keep 401(k) at W-2 and sign up for QRP. Max contribution would be $55,000 in combined plans - $28,000 in the QRP.QRP can hold other non-real estate investments, such as gold, silver, Cryptocurrency, etc.Build-in credit line in a QRP. Up to $50K in cash. Investors, self-employed, and family members are all qualified.Properties you have or use right now cannot be placed moved in a QRP.To fund, can rollover any IRA, 401(k), +TSP, 403b, 457.66% people are worried about not having enough money for retirement.Free copy of QRP book at www.simplepassivecashflow.com/QRP Hosted on Acast. See acast.com/privacy for more information.

YouTube Link: https://youtu.be/zaHW3_OEU8Y? sub_confirmation 1Article Link: Text “simple” to 314-665-1767 to download the Hui Google Drive files and the 2018 Rental Property Analyzer For a free electronic version of my bestselling book in 12+ categories text the word "ebook" to 587-317-6099. Please help the show by leaving a review: http://getpodcast.reviews/id/1118795347 Join the Hui Deal Pipeline Club! SimplePassiveCashflow.com/club Pardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math! ________Here are the Show Notes________Estate planningGuests I have are giving insights but always hire your own person because these things require personalizationI try to bring guests on and ask the questions that I think you folks would ask. I believe you need to have a basic level of knowledge before engaging with a professionalFor those of you who are in the Mastermind and my current investors you will hear about my Fort Knox strategy which makes LLC enitites creation look like childs playEmail me any questions to feature on the next ask Lane podcast or monthly email newsletterAndrew L. Howell is the Co-Founder of the law firm, York Howell, with a focus on asset protection.Many useful tools out there, but where do you as an investor fall on the asset protection spectrum? Two fundamental risks: 1) Asset-based risks 2) Direct-based risksReal estate considered as "hot" assets because liability risks are greater - more than equity.Liabilities both inside and outside the asset.Typically form a holding company to hold limited liability companies to abate asset- and direct-based risks.Holding properties in one LLC basket is good, but still risks if something happens in one property.Concentrate on family protection first (trust, wills, etc.). Then move to next level of asset protection planning. If own property out-of-state, advise on setting up a parent LLC in states with charging-order protection.Tough LLC rules and taxes for poor California residents!Need to do your due diligence on reviewing PPM's - especially who you are doing business with.Asset does not create liability risk for LP's; only GP's.If you get personally sued, can go after your MFH syndications and other assets even as LP.6% of current generation feels obligated to give back to kids. Instead of giving, create a bank. Create purpose when setting up your trust.Please reach out to [email protected] and visit www.yorkhowell.com. Hosted on Acast. See acast.com/privacy for more information.

YouTube Link: https://youtu.be/lvd9F9OmDI0? sub_confirmation 1Article Link: Text “simple” to 314-665-1767 to download the Hui Google Drive files and the 2018 Rental Property Analyzer For a free electronic version of my bestselling book in 12+ categories text the word "ebook" to 587-317-6099. Please help the show by leaving a review: http://getpodcast.reviews/id/1118795347 Join the Hui Deal Pipeline Club! SimplePassiveCashflow.com/club Pardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math! ________Here are the Show Notes________Jake and Gino have a great podcast and definaetly fit in the category as guys who are growing and doing things rightLet’s work together to redirect money from the Wall-Street casinos and corrupt financial institutions…To help the endangered ‘Middle Class’ savers find safer, more profitable investments in Main Street opportunities benefiting local communities. Join Hui Deal Pipeline Club and check out the sSimplePassiveCashflow.co/missionGino Barbaro from Jackandgino.com who focuses on MFH real estate.Group owns 848 units valued at >$50 million. Expecting to go up this year. Took 5 years to get $25K-30K/month in passive cash flow. Fumbling around in the beginning with smaller cash flow amounts, but snowballs over time.Came from the corporate world to managing a family restaurant. 2008 transitioned to real estate to make better use of time outside of the kitchen.Highly recommend reading "The E-Myth" by Michael Gerber. Need a visionary, manager, and technician for any business.Believes you need a Connector, Executer, and the Backbone. Can't do all 3 - pick 1 or 2 and hire out.95% of blocks are internal. The rest are external. So, focusing on resolving limiting beliefs and get a life coach.Google Tony Robbin's 6 human needs. Have to continue to grow and contribute in a large way.Relocated to Florida and aiming to obtain $40K/month by end of this year.Have lifestyle work for his business; not his business work for his lifestyle.Becoming more efficient by hiring a VA and Digital Marketer for jackandgino.com. Wants to spread content and message; not work on menial tasks.Focus on 1 or 2 niches for real estate and become an expert at it. MFH has more barrier-to-entry v. stocks, crytocurrencies, etc. The more people in it, the less profit margin there will be.Share weekly successes. It's not bragging, it inspires people and surround yourself with the right people. Be present in the moment. When you're at work, with family, etc. focus on dealing with that situation.Visit www.jackandgino.com. Also on FB, LinkedIn, Twitter, and Instagram. E-mail works too: [email protected]. Hosted on Acast. See acast.com/privacy for more information.

YouTube Link: https://youtu.be/3NQ0agjuxXY? sub_confirmation 1Article Link: Text “simple” to 314-665-1767 to download the Hui Google Drive files and the 2018 Rental Property AnalyzerFor a free electronic version of my bestselling book in 12+ categories text the word ""ebook"" to 587-317-6099.Please help the show by leaving a review: http://getpodcast.reviews/id/1118795347Join the Hui Deal Pipeline Club! SimplePassiveCashflow.com/clubPardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math!________Here are the Show Notes________Went on normal path. Got a job after college, house, and fixated on paying off student loans.Aggressively paid down student loans, but motivated by people who retired early.5 years ago, both quit their jobs, traveling, raising family, and living their dream.Ruthlessly slashed expenses and saved 70-80% after-tax income.Max contributed to 401K, IRA, HSA, and after-tax accounts.Short-term joy = trading years of financial-free opportunity.Actively chose lifestyle. Traveled internationally by arbitraging where they lived with low living expenses.Didn't listen to mainstream advice of owning home. Choosing a renters lifestyle to not get ""stuck.""Both have blogs and garnered new friendships; not the ""Seattle Chill.""Finances on auto-pilot. Can work on growing family in Taipei and doing creative things they did during childhood.Two types of things preventing people from being financially-free: Afraid to take leap to be financial-free and long-term goals to strive towards.People don't change minds because you provided info to them; they change when they're ready.Visit www.gocurrycracker.com and social media accounts on FB, Instagram." Hosted on Acast. See acast.com/privacy for more information.

YouTube Link: https://youtu.be/-ENcRI2LhuA? sub_confirmation 1Article Link: Text “simple” to 314-665-1767 to download the Hui Google Drive files and the 2018 Rental Property Analyzer For a free electronic version of my bestselling book in 12+ categories text the word "ebook" to 587-317-6099. Please help the show by leaving a review: http://getpodcast.reviews/id/1118795347 Join the Hui Deal Pipeline Club! SimplePassiveCashflow.com/club Pardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math! ________Here are the Show Notes________Brian Hamrick is from Rental Property Owners Association (RPOA) and runs Rental Property Owner and Real Estate Investor Podcast.Currently owns 380 units, which cash flow makes 50% of W2 job salary.Paydays not only about cash flow. Cash out refi and syndication benefits once and twice a year exceed W2 job salary.Was sitting on cash waiting for next downturn. However, in past year, became a silent investor in commercial property, a NPN, and a self-storage facility.Expects rents to plateau in future, but not to 2008 levels.Started off investing in high-load tech funds, but bubble burst in early 2000's and stocks tanked.Rich Dad, Poor Dad inspired Brian to begin investing in real estate and obtain more control. California is cash-flow negative market, so looked at positive cash-flowing out-of-state markets.Transitioned to multi-family investing in 2008 for better scalability and profitability. As passive investor, focusing on leveraging partners' strengths for new passive investments.Down the road, looking at developing the "missing middle" properties (small MFH 2-10 units). Visit www.higinvestor.com to get in touch with Brian. Hosted on Acast. See acast.com/privacy for more information.

Article Link: Text “simple” to 314-665-1767 to download the Hui Google Drive files and the 2018 Rental Property Analyzer For a free electronic version of my bestselling book in 12+ categories text the word "ebook" to 587-317-6099. Please help the show by leaving a review: http://getpodcast.reviews/id/1118795347 Join the Hui Deal Pipeline Club! SimplePassiveCashflow.com/club Pardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math! ________Here are the Show Notes________Just got back from Korea after my first vacation for the year. I wrote an article that you can get access by signing up for the monthly newsletter or via the Hui Deal Pipeline club.Monthly updates and what I’m doing in my own investingPodcasts have been piling up and I realized the need to add some context to the introductions to highlight important items to look out for. Also to call out opinions I don’t really believe in.This podcast I had Brent Southerland what is a CFP but not one of those other quacks who get paid on commision and try to stuff you in whatever is most convenient or biggest paycheck for yourself.SimplePassiveCashflow.com/fpEnjoy and remember to go to SimplePassiveCashflow.com/club to join our investment clubBrent Sutherland is a CERTIFIED FINANCIAL PLANNER™ practitioner, with over 11 years experience in financial services.  With stops in the corporate accounting and investment world, and now the boutique financial planning arena Brent has witnessed, firsthand, how the financial services industry has fashioned itself into an overly complex machine in an effort to cause confusion, encourage mistakes, and justify fees; all to better benefit its own bottom line.  He believes there is a strong correlation between financial noise and financial mistakes which further delay one's personal financial success.Therefore, his objective is to help individuals turn off the noise and challenge the traditional approach to financial planning and thinking.  In his experience as a financial advisor and personal finance enthusiast (+ early retirement advocate + semi-minimalist + real estate investor), Brent has found that most often the simplest solutions and some outside the box thinking will better help individuals on their way towards sitting firmly in the driver's seat of their own financial world.Why don't financial advisors advocate for real estate investing?Primary = Compensation conflicts of interestSecondary = Lack of education, so pose it as a risky assetSecondary = ERISA and how mutual funds came about with employer-sponsored 401kHow do FA make money? Similar to MLM? -- (Is this short for multi-level marketing?)Can tie this into the first topic above (compensation conflict, which is a primary reason why FA’s don’t discuss real estate investing)Hidden fees in even low got mutual funds?Transaction fees, Management fees (can be tiered based on assets), Loads (front-end, back-end), 12-b1 feesWhat tricks do FA use?Use of traditional planning items related to portfolio to justify: “security”, “diversification”Use of confusion terms related to portfolio to justify fees:  “alpha”, “sharpe ratio”Use of graphics that show market returns (absent fees), but fail to discuss emotional impact on client and true returns normally witnessedThe importance of income diversification over portfolio diversificationIncome diversification protects against big risks:  loss of job, market crash, injuryPortfolio diversification is important, but is a secondary risk.  Savings is even more important.Why are paper assets more risky than hard assets?Always going to be demand for hard assets, especially real estate (living, production)Population trends are growing at an exponential rate, land and resources are notYou have more control over real estate; meanwhile the stock market is out of your handsWhy passive cash flow betters your odds of financial independenceGets you to the point where you’re truly secure and can have peace of mind.  Not worried about your boss/job, and not worried about things going on the the world, country, state (etc) economies that are out of your control.  You become the boss of your personal economy.Talk about your personal transition to direct ownership in Real estate and recovering from the lies?Seeing it work for other people, educating myself (independent of my traditional “education”), and finally making the move to buy my first property (after some analysis paralysis and fear)Proper planning techniques to access money tied up in your retirement accounts.First know the rules involved (traditional IRA/401k versus Roth IRA/401k), as you don’t want to just hand a big chunk to Uncle Sam in form of taxes and fees.Impact of cashing out plansStrategies to more efficiently free up that money and keeping more in your pocket (Roth conversions, Substantially Equal Periodic Payments (IRS Code 72t))What to look for in a FA?Want someone who is fee-only (hourly or per service) and plann

YouTube Link: https://youtu.be/1N3wBAwPrfw? sub_confirmation 1 Article Link: Text “simple” to 314-665-1767 to download the Hui Google Drive files and the 2018 Rental Property Analyzer For a free electronic version of my bestselling book in 12+ categories text the word "ebook" to 587-317-6099. Please help the show by leaving a review: http://getpodcast.reviews/id/1118795347 Join the Hui Deal Pipeline Club! SimplePassiveCashflow.com/club Pardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math! ________Here are the Show Notes________Partner with Multi-family Home (MFH) students to close first MFH deals.Passive Income became attractive after reading Rich Dad, Poor Dad.Opened pizza restaurants without mentor and lost 95% of net worth after 5 years.Realize can raise money for Real Estate. Flipped 30 houses in 2 1/2 year but still active work.Received passive mailbox money for first apartment in 2011 and never turned back.Combination of doing MFH deals and teaching/helping others is fulfilling.Stop being a drifter. Drifting keeps us from living an intentional life. Ongoing experiment to scale business while not lacking quality of deal.Transition from being focused on generating money to helping people become financial-free.Do first MFH deal and reduce living expenses to quit W-2 job. Momentum will build in subsequent deals. But first deal is always hardest.At peace with things out of your control.Be sensitive to where your business is to make right investments, such as virtual assistants, salary employees, etc.Smaller apartment deals (duplex) will kick off law of first deal. Don't need $30K to do first deal. Spend on education and raise capital and/or find deals in this seller's market.Controlling time is most important resource. Don't put ladder on wrong building. Visit www.themichaelblank.com to download free ebook about raising money for MFH apartments. Hosted on Acast. See acast.com/privacy for more information.

Article Link: Text “simple” to 314-665-1767 to download the Hui Google Drive files and the 2018 Rental Property Analyzer For a free electronic version of my bestselling book in 12+ categories text the word ""ebook"" to 587-317-6099. Please help the show by leaving a review: http://getpodcast.reviews/id/1118795347 Join the Hui Deal Pipeline Club! SimplePassiveCashflow.com/club Pardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math! ________Here are the Show Notes________Own an appreciated hard asset of half-acre turnkey coffee parcel titled under your name for less than $20K. Average annual return (IRR) +10% (proforma) calculated over 20 year period. Experienced operators including David Sewell all live in Panama and professionally manage coffee farms.$90 billion industry annual that is sustainable and growing demand with limited and declining supply worldwide.ICFC founded in Panama in 2014. Own and operate 10 specialty coffee farms in Boquete area.BCC in Belize founded in 2016. 3 fine flavor cacao farms. Just like wholesaling - except tenants are tree! Buy underperforming property, add value, and get investors to be a part of it. Gain legacy income with minimum of 5-7 year investment - preferably longer to mature and ""harvest"" extra rewards. International real estate, in your own name, is not reportable under FBAR or FATCA regulations. Asset does not currently require reporting to US government.ICFC reserves 20% of farm operating profits to provide bonus pool and improve lives of impoverished coffee farmers in Panama.3 group coffee farm tours every year (March, July, and November). Visit www.simplepassivecashflow.com/coffee for more pics/videos. E-mail [email protected] for special pricing. Hosted on Acast. See acast.com/privacy for more information.

For full article with links go to SimplePassiveCashflow.com/journey Hosted on Acast. See acast.com/privacy for more information.

YouTube Link: https://youtu.be/_q1CV--qhBg? sub_confirmation 1Article Link: http://simplepassivecashflow.com/119-dissecting-recent-insurance-claims-ed-babtkis/Text “simple” to 314-665-1767 to download the Hui Google Drive files and the 2018 Rental Property AnalyzerFor a free electronic version of my bestselling book in 12+ categories text the word "ebook" to 587-317-6099. Please help the show by leaving a review: http://getpodcast.reviews/id/1118795347Join the Hui Deal Pipeline Club! SimplePassiveCashflow.com/clubPardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math!________Here are the Show Notes________Revisit Episode 38 for insurance fundamentals. Two recent claims broke the straw on the camel's back for single-family homes.Water claims has a lot of denials and payments. If homes built in 1920-1960 and pipes haven't been touched, chances are pipes are leaking. Leaking --> cracked pipe --> pipes burst. If property vacant, pipe leaking, and in cold weather environment, house needs to be "winterized."Establish pre-existing condition by taking before and after photos - especially if pipes in good condition when you purchase.Defining cause of damage always murky.Recoverable Depreciation = amount of money you get as long as you do the work.Tenant in Episode 80 went AWOL and trifecta of theft, vandalism and maliciousness mischief.After before and after pictures, frame claim with timeline of problems - ensures claim happened during policy period.Ed runs Ross Diversified and insures nationally, such as investment properties, NPN, foreclosures, fix-and-flips, and more.Best way to contact Ross Diversified: 1-800-210-7677 and/or Bruce Young at [email protected]. Hosted on Acast. See acast.com/privacy for more information.

118 - Interview with Nick Loper - Side Hustle NationText “simple” to 314-665-1767 to download the Hui Google Drive files and the 2018 Rental Property AnalyzerFor a free electronic version of my bestselling book in 12+ categories text the word "ebook" to 587-317-6099. Please help the show by leaving a review: http://getpodcast.reviews/id/1118795347Join the Hui Deal Pipeline Club! SimplePassiveCashflow.com/clubPardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math!________Here are the Show Notes________Started side hustling with footwear comparison shopping website while working in Corporate America.Some projects worked; some didn't. Side Hustle Nation blog and podcast still exists and going strong. Stuck on bottom rung of Fortune 50 company with no direct results to effort you put in."Hustle Time" after 9-5 and weekends. Prioritize one thing for your business that is proactive accomplish it the next day before going into reactive mode. Set up "Theme Days" to be more efficient. Listening to radio is a waste of time. Used audiobooks and podcasts as own coaching.Accountability from peer and mastermind groups keeps you hustling.Purchasing a rental is an accepted, passive side hustle you can likely be public about.Side hustles weren't huge secrets. 44 million Americans have income on the side anyway.Real Estate Investing at moment are through REITs, Fundrise, Peerstreet. Focus on what you know and willing to do.Need to start side hustle and business to get bigger returns v. real estate investing. Visit www.sidehustlenation.com. For part-time ideas, visit www.sidehustlenation.com/ideas. Hosted on Acast. See acast.com/privacy for more information.

YouTube Link: https://youtu.be/LOORnE1rWFk? sub_confirmation 1Text “simple” to 314-665-1767 to download the Hui Google Drive files and the 2018 Rental Property AnalyzerFor a free electronic version of my bestselling book in 12+ categories text the word "ebook" to 587-317-6099. Please help the show by leaving a review: http://getpodcast.reviews/id/1118795347Join the Hui Deal Pipeline Club! SimplePassiveCashflow.com/clubPardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math!________Here are the Show Notes________Different types of Assisting livingThe boutique ALF methodHow Loe got started investing10 percent higher than average rents of 5500 a month in TXALF business plansHow to find a home for mom and dadFind Loe at http://thesageoak.com/ Hosted on Acast. See acast.com/privacy for more information.

YouTube Link: https://youtu.be/4K4VFnGpfJo? sub_confirmation 1Text “simple” to 314-665-1767 to download the Hui Google Drive files and the 2018 Rental Property AnalyzerFor a free electronic version of my bestselling book in 12+ categories text the word "ebook" to 587-317-6099.Please help the show by leaving a review: http://getpodcast.reviews/id/1118795347Join the Hui Deal Pipeline Club! SimplePassiveCashflow.com/clubPardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math!________Here are the Show Notes________Jay Papasan is a bestselling author, vice president and executive editor at Keller Williams Realty International, and co-owner, alongside his wife Wendy, of the Papasan Properties Group in Austin, Texas. His most recent work with Gary Keller on The ONE Thing has garnered more than 200 appearances on national bestseller lists including #1 on the Wall Street Journal bestseller list. Before joining Keller Williams Realty, Jay served as an editor at HarperCollins Publishers, where he worked on such bestselling books as Body-for-Life by Bill Phillips and Go for the Goal by Mia Hamm.Jay serves as Gary Keller’s co-author and executive editor on best-selling titles including: The Millionaire Real Estate Agent, The Millionaire Real Estate Investor, SHIFT: How Top Real Estate Agents Tackle Tough Times, FLIP: How to Find, Fix, and Sell Houses for Profit,HOLD: How to Find, Buy, and Rent Houses for Wealth, and The ONE Thing: The Surprisingly Simple Truth Behind Extraordinary Results. He also co-authored SHIFT Commercial.Best investing books Simplepassivecashflow.com/booksThe domino theory - momentum18-25% total return for SFHStart small - and go small first fastCo pairing tasksFocusing question - what is the one thing I can do that will make everything else go away411 - annual goalsWork a maze backwards - begin with the end in mindCounter balance not balancedWhen do you stop pushing and start living?Don't buy your primary residenceInvolving your spouse Hosted on Acast. See acast.com/privacy for more information.

Text “simple” to 314-665-1767 to download the Hui Google Drive files and the 2018 Rental Property AnalyzerFor a free electronic version of my bestselling book in 12+ categories text the word "ebook" to 587-317-6099. Please help the show by leaving a review: http://getpodcast.reviews/id/1118795347Join the Hui Deal Pipeline Club! SimplePassiveCashflow.com/clubPardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math!________Here are the Show Notes________Aside from blog, owns 15 rental properties in Northern Colorado generating $7K/mo passive income.Harder to cash flow around Denver. Looking out-of-state.Since Sept 2015, has not purchased new SFH. Focusing on commercial, flipping, which was best use of time.Always demand for low-end flips (less risk v. high-end).Write own goals, don't rely on other people, and think differently to develop himself.Don't C.E.F. - especially if you're not a contractor.Some opportunities in purchasing primary residential properties, but not going to stay there forever.If you want to be creator and sell houses full-time, get a real estate license. If part-time, not really recommeneded unless you own a couple properties already and can expend time.Goals for more passive income ($100k/mo) and freedom = happy. Change your mindset and try. Otherwise, you're stuck where you are (ex: frugal). What's your motivation and dreams?Let people drink their haterade.Tough to let go, but happier to save time by hiring out on blog, website, e-mail, property management, etc. Not a tech-savvy guy, but build blog and all that SEO!Wished more good people to hire directly instead of 3rd parties.Don't force yourself to buy something - especially in a sellers market. Are you taking action that's getting closer to your goals or treading water? Take time for yourself.Always lot of stuff to do, but don't stress about it. A couple mistakes or not getting things done will not ruin you. First blog comment was fulfilling. Drives motivation on how to help give back to others. Check out www.investfourmore.com and podcast. 453 articles and 117 podcasts. Contact info: [email protected] Hosted on Acast. See acast.com/privacy for more information.