Podcast #111 – Interview – Brent Kawakami – Saying NO to a measly $300 a month & Networking on Facebook

YouTube Link: https://youtu.be/dgdMLNq73TM

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________

1) How much CF are you making today and how are you doing it?
Generally I’ve fluctuate based on buying/selling of real estate. Right now it’s all from passive investments in apartments. My peak was couple thousand a month.
So as I started investigating other investment activities I dabbled in:
P2P investing – Returns were decent (I think I made like 18%), extremely passive once you funded loans. I was fortunate that none of the ones i lended on defaulted so that’s real risk. While you are earning interest payments, it goes back to account so extremely illiquid. You wait out the loan term which can be long. No control. I’d rather do private lending that’s backed by a physical asset.
Dividend stocks – Lot of research, reading investment newsletters, etc. You’re still at the whimsy of the stock market. I could see doing this in future maybe if there’s a crash and you can pick up trophy companies cheap. Again no control.
Gold/silver – I got caught up by the Gold bug rhetoric of “the dollar not backed by anything” “ the crash is coming” “ look how much debt we have” blah blah . A lot of similar stuff you see some Cryptocurrencies saying now. To me you need treat as a store of value and something you don’t care about price. And you need to hold physically. It’s a chaos hedge. But it doesn’t cash flow. And if shit really did hit the fan, you’re not going to need gold, you’re going to need guns, lol.
Internet business (I did sell it later for a small gain). A lot of work…it’s a business. You can get caught up in the 4-hour work week thing, sell your ebook, etc but this takes consistent cultivating like any other business. I had an instance where a change in Google algorithm killed my profit.
Infinite banking (which i’m all in on still) – You’ve had podcasts before on this topic about all the benefits but it’s an amazing vehicle that complements real estate. Personally I don’t think of this as a true investment, it is a savings vehicle. I treat it as my cash war chest and foundation. Downsides to me are that you have to understand and treat as a system otherwise you’ll fail miserably. It’s also literally a lifetime commitment.
Ultimately I settled on real estate starting the single family route in Dallas area (buy, rehab, rent, self manage, etc). I eventually saw the light (What was the light) of multifamily and started investing passively, sold off my single family houses and now a new aspiring sponsor/operator. There’s all the typical things people say (econmies of scale, non-recourse, etc) but my a-ha moment (my 2nd Han Solo moment I guess you could say) was when I started looking for another rental house. I realized adding another $300/mo cashflow wasn’t going to drastically change my life. If I wanted to level up faster, I needed scale faster. Multifamily can do that. When you get a large check for hundreds of thousands from a disposition event on an apartment complex, that’s life changing and can get you places.

(So now you are in the stage where you are doing all the hard work before the success… lets go through this list of things that you are doing… this add value to the listener and maybe we can have a discussion about best practices – Just think in the future when a future investor listens to all the shit you did to get into this)

1) Joined mentorship program (I would rather not say who they were) No problem. Main best practice to me is it’s almost a requirement for MFH. This is a must in addition to all the other education (reading, podcasts, etc)
2) Regularly Contacting brokers/Signing up for lists
3) Evaluating deals
4) Scheduling in-person meetings with with brokers to connect (what did you do). My partner and I specifically reach out to have a meetings at a broker’s office. We’d talk about what we’re doing, looking for, etc and it gave us an opportunity to meet other associates. I’ve tried to do in-person at their office or if I can take them to coffee. For out of town brokers we’d do over phone or if we travel to see a deal (leveraging a current listing of theirs as a talking point to get convo started).
5) Making regular LoopNet rounds
6) Going on property tours
7) Networking on BiggerPockets/LinkedIn/Facebook, etc
8) Going to Meetups, events, and conferences
9) Partnered up with another new sponsor/operator to duplicate efforts, fill gaps, etc (What do you do well and what does he compliment).
My partner is better at making connections and relationships than I am. I’m more analytical and investigative. He’s an eternal optimist, while i’m Mr. Engineer worst case scenario. He can get shiny object syndrome whereas I’m much better at keepings things on task. We’re both at the same level/point in our investing so we have a good synergy with the perspective we’re coming from. One of the things we like is if it takes looking at 100 deals to get 1, maybe us both looking cuts that in half lol.

2) What is your Han Solo moment…

I had two.

1- One was a couple years into my career and i started think there was more than this for 30-40 yrs and began exploring other stuff (as mentioned before)

2- Shift from single family to multifamily. My a-ha moment mentioned before.

3) Worst life/business moment what did you do a er? Lesson learned?

I’ve had those crappy issues that come up with rentals, like plumbing issues, tenant issues, foundation issues, etc which sucked. Although one big one was not listening to my wife about a single family house. I had a tenant turnover in one of my rentals and I had been mulling about selling and focusing on multifamily. Instead of listening to my wife who encouraged that, I did the easy thing which was find a new tenant. I had gotten so in the routine and it was the easy option even though I knew I was ready to step into next thing. It ended up being my worst tenant ever (she paid but was really needy) and a headache. I ultimately sold it a few months later.

Lesson learned: Listen to your wife more. While she isn’t involved directly in the nuts and bolts, she is a better judge of character and intangibles in both myself and others.

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.

2-week: Let’s see when we get there. Lot of personal type things likely going on (not sure if that’s valuable for your audience?)

6-month: Sponsor a 75+ unit, class b/c apartment. That’s my one thing.

5) What is your simple passive Cashflow number? Now imagine you had 2x that amount… Describe your ideal day, detailed rou ne, and what projects you are working on.

6) Something that you have recently or thought about “burning your cash” on for me savings or an improvement in quality of life.

Meal service, not the recipe in the box but the fully prepared, proportioned individual meals. I enjoy cooking but not thinking about what I have to eat is something that I find makes my day easier, especially now that I have a baby. It’s just fuel, i can eat the same thing everyday and be fine. Plus it helps me stay on the straight line nutrition wise.

There’s a good book on this topic called Happy Money I recommend.

7) Something that you changed your mind on? Our ego o en gets in the way of greatness.

2 Things:

1. I used to think of insurance for the financial aspects only but now I think about the riders, disability kickers, etc. Having a kid changes your thought process so now i’m more thoughtful about things like insurance, estate planning, etc. I’m still behind on that stuff, but now these long term planning things are in my thoughts.

2) Owning a house isn’t a big deal. We recently sold our house and moved to an apartment for a number of reasons…yada yada yada. I’m not full Grant Cardone though.

8) In this sellers market… what are you inves ng in? What should a someone who does not have a substan al level of cashflow yet be inves ng in?

My cash value life insurance/infinite banking strategy is my core foundation. I see that as the warchest and can let me sit on “cash” without losing too much. I’m obviously still actively pursuing multifamily, it’s harder of course with the current market, but deals can be found in all markets.

Nothing wrong with being patient if you think things are frothy. 100% of nothing is better than any percent of a bad deal. Being patient is the hardest thing.

brent@hellomultifamily.com

SPC110 – My Story – Evictions, Flip Project, Market Updates

YouTube Link: https://youtu.be/BXbgwbCcTnw

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________

Dealing with an eviction:

“Hi Lane! I delivered an evection notice to tenants yesterday and had the opportunity to speak with husband at the door. He stated that he and his wife had both started new jobs and would be able to make one full payment in a week (this was the story for seemingly a month or two) and would be able to make a partial payment in 10 days. Before we proceeded forward with an agreement, wanted to see if that works for you. They are currently $3,000 behind before for a total of two months.  

Here is what I did…

I okayed the concession to give more time. I requested some sort of proof of new job status (a hire letter or email). I am more than willing to work with people… These have been long tenants of almost a couple years and B+ /A- home that rents for $1500 a month.

Caveat… I am really near to selling these properties this year and don’t really want to rock the boat in terms of enforcing long-term behavior.

Revamping my turnkey rental content – simplepassivecashflow.com/turnkey

I have currently sold 2 of 10 SFH rentals (P&L offer)

One of them Columbia is had $27K to get back online. Going to pay 37K to sell retail.

Another property Riverwood just went vacant. Going to pay 20-30K to sell retail too.

  • Talked with my team – PM, Contractor, couple other hui members
  • Is it a good area to go retail
  • Will I recoup capital overlay based on comps

Soon I will unrolling my private lending platform. CrowdfundAloha.com! So if you are looking for a 1st lien property with my partners let me know. We are talking about even providing turnkey services.

This is not really a money making things cause the margins are just really tough these days.

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.

Looking at some deals. So folks in the Hui Deal Pipeline Club (who have reached out to me and built a relationship) will see those really soon. 😛 I hope I have enough liquidity… I might need to borrow some money 😛

Single Family Homes becoming a legitimate asset class – Spring 2018 Conference

The lending requirements and new loan products is slowly changing. I know a lot of you have heard that Short Term Rentals (Air Bnb) income is starting to become part of the loan calculations.

Something I’m following is lending on large portfolios of single-family homes. Some of the highlights:

1) up to 10-year term with 1.25 DSCR

2) portfolios minimum size of 50 properties

3) assumable

Pilot program details download here – https://drive.google.com/open?id=1aTIbru2HEPbw_KLHTvU5-Iyk0aoQB8Gx

Look even a SFH conference – https://drive.google.com/open?id=1cI15DnBUn8LRA54NTCh667exeR3OtlIu

Other Fannie Changes – https://drive.google.com/open?id=1WumUWsduuLnHqDi6IJXNipX7IsT9AUFa

AirBnb lending requirements loosening

I read this following article that described rent concession in a few major cities that I like as apartment markets.

http://www.nreionline.com/multifamily/more-apartment-landlords-offer-free-rent-lure-tenants

Here is another article citing industrial as the sector to be in:

http://www.nreionline.com/industrial-cre-market-study/exclusive-research-clear-sailing-industrial-sector-through-2018

My takeaway is that this is important to monitor especially if you are developing because this is a leading indicator of softness in the market. It might be economic reasons or just because a bunch of new build inventory is coming online in that area. Either way…

Robert Kiyosaki has a saying, “there are three sides to a coin”.

People argue that its a good time to buy or bad time to buy. For example “mfh” is overheated or commercial is getting killed by Amazon and e-commerce. I think these are mental justifications by tire kickers not to do anything.

Sophisticated investors live on the edge of the “coin”. They buy deals out our reach of amateurs due to the lack for network/knowledge. These opportunities are undervalued, with undermarket rents, with value-add opportunity.

They are patient and don’t stray from standards that make them get crushed in a market correction. (Cashflow from other investments make this possible) They invest following the macro and micro trends and don’t gamble on gimmicks such as guessing where Amazon’s next HQ is going or where the hurricanes just crushed a market.

The trouble is as an outsider is figuring out which of these deals transcends the two side of coin and is on the edge. And starting out its going to be slim pickings due to lack of network but you have to push through this rough part.

I am from the camp that you need to become an expert or get beyond the surface level investor stuff in some freebie pdf guide or video. Or just find the right people to work with. To many people get shinny object syndrome and float from sector to sector, from a money-making activity to another, read book after book and never get anywhere. You see these people at a lot of networking events. There is a lot of movement but no tangible results. This is where coaching comes in but for some people not able to get over having another person call them out on their BS you need to get laser focused and take massive action or quit fooling yourself.

I’ll be at the notebuyerbootcamp on the panel for syndication in Chicago next week. Notebuyerbootcamp.com

Podcast #109 – Fundamentals – Comparing Crowdfunding websites with Andrew Savikas

YouTube Link: https://youtu.be/gaPmkHukwiM

Text “simple” to 314-665-1767 to download the Hui Google Drive files and the 2018 Rental Property Analyzer

Please help the show by leaving a review: http://getpodcast.reviews/id/1118795347

Join the Hui Deal Pipeline Club! SimplePassiveCashflow.com/club

I’m doing some research on Crowdfunding sites (although I always prefer working directly with the operator as opposed to using these middlemen platforms). A lot of Hui Deal Pipeline Club members have been collaborating on this.

Have you used any of these platforms? Lets crowdsource deals and due diligence!

Here is a podcast I did with RealityShare – http://simplepassivecashflow.com/podcast-97-investing-via-crowdfunding-sites-open-country-club-chat-reality-shares/

As a syndicator I don’t like using these sites to raise funds because 1) I don’t have access to the investor contacts which totally kills the referral marketing for future deals and 2) we tried it on a previous deal where the Crowdfunding site committed to raising a small portion of our total raise and they fell on their face.. Not saying that the Crowdfunding sites will never be effective but at this time it is not a useful means for experienced syndicators who already have investors of their own.. So beware as an investor… its like trying to find a mate on Tinder (this is a controversial subject I know) but for many there is a reason they are on the “open market” and cannot attract “capital” on their own from their own personal network.. Just saying… 

Fundrise & Realty Mogul have launched “eREITs” which tries to tackle investment vehicles other platforms are not capitalizing on.. It’s interesting to watch how they trademarked “eREITs”.. Definitely a sign where investing is going.. Again institutions controlling and taking a cut away from the little guy.. 🙁

Blackhat tactic 😉 – Some deals are put out to private networks (like the Hui Deal Pipeline Club) and these crowdfunding sites simultaneously.. Many times the crowdfunding site offers a 7% preferred rate where the direct source offering gives a 8% preferred rate… tricky tricky if you ask me.. Now one could backwards engineer this all and go around the crowdfunding site but still like I always say YOU DON’T KNOW THESE GUYS.. Syndicator’s are running around out there without any operator experience or portfolio of their own and doing deals with people just off referral.. A recipe for disaster if you ask me..

Here are comments from Hui Members:

“I’ve invested in 10 you have listed and am familiar with quite a few others.  The best on your list are yieldstreet.comgroundfloor.us and streetshares.com. I have had 12-14 % returns with all three.  Hedgable.com is also a good site for investing in the stock market.”

“Some of the companies have questionable backgrounds make sure you google ‘company name + sec infraction;'”

“Just too much default rate”

“You are right! If you can find private placements skip these sites altogether”

“Sometimes you can use these CF sites to find the deals and google the operator. Often times if the CF site has it as a say 8% pref, going to direct to the operator will give a 9% pref”

“Groundfloor – I have not invested money in them but I have taken 2 loans on the borrower side and the experience has been mixed. They are fairly young start up and have many of the issues associated with that – high staff turn over and regular process change which has made the process a little frustrating. The sales person who managed the start of the process moved on half way through the loan being set up which resulted in the amount of the loan being incorrect, the structure of one loan was correct and the other wasn’t (interest paid monthly not accrued until the end) and the timelines were off. The good: the interest rates are low in the space so they offer good value (6.5%), the points paid are reasonable (I paid 2) and the loan is not income dependent but based on credit score and the LTV and project itself which was helpful for my borrowing criteria. You have to provide a monthly update on the project and they hold you to this and so I get the impression they do a good job of protecting investors money. Would I use them again? I’m not sure! It has been a pain but I also appreciate that they are committed to doing better. I now have a good private lender which is easier for me to use so would probably go that route and use groundfloor as a back up if needed.”

“Crowdfunding sites allow you to diversify amongst private offerings via the internet.  The website operates as a Broker-Dealer role and the supposedly “vet” the deal and sponsor.. Supposedly… yea whatever in my opinion.”

“Here is my issue. I always prefer working directly with the operator as opposed to using these middlemen platforms.. A lot of Hui Deal Pipeline Club members have been collaborating on this”

The returns started around 15% using my criteria but have leveled off to about 8% since then and I expect it to remain as this level.”

“Lending Club – This is UNSECURED debt. This is also known as peer to peer lending.. Like a guy needs to borrow 3k for a table saw for his business or someone has a broken car.. Good user experience and the information on the dashboard provided is much more readable than Prosper.com.. One user says “my net annualized return is 12.37 % and Adjusted net annualized return is 5.6%.. Both information is easily readable on the dashboard and it gives an easy to read view of the payments of how much principal, interest, late fees.. Also gives a good view of the notes itself like issued, in grace, fully paid, late by 16-30 days.  It has automatic re-invest and liquidate quickly.”

“PeerStreet – Works like Lending Club but is Secured by real estate.. They also give you quite a bit of information on borrower as well as the property details (LTV, Stressed LTV, Improved LTV, borrower’s FICO, etc).”.

“Prosper – It does same as above Lending Club but not as good dashboard information interface.. It has automatic reinvest.”

“Yieldstreet –  It’s for accredited investors only – So basically for people who are Rich already!”

“Some of the more established crowdfunding sites are starting to lower their returns because they have achieved a good sized crowd.. It’s still a wild wild west space with many platforms/website jockeying for position.. Many are offering high rates of return and under-collateralizing themselves in my opinion for market share.. Beware some have fraud in their past so make sure you do a little Google-stalking to dig up the dirt.. When I evaluate deals for the Hui Deal Pipeline Club, I realize there are so many deals out there that if someone has a questionable past, I just move on.. Too many good people doing good deals to not be choosy.. This is a newbie mistake I see a lot in private placement investors that they marry the first deal they get pitched at a local REI meeting.. It happened to my partner who lost $45K and myself who lost $40K.”

“Overall what I hear from you folks trying this method of investing is that the default rate is higher than what is expected and the middle man (crowdfunding site) is getting rich here.. But hey if you are not good at networking these are the table scraps you get.”

Here is the list I am working with:

 

https://alphaflow.com
AlphaFlow helps investors build diversified real estate portfolios across the crowdfunding industry. Make informed decisions, faster.

https://agfunder.com
AgFunder is the premier marketplace for the most promising Ag and AgTech startups seeking to raise investment capital from accredited investors.

https://1000angels.com
Build your own venture portfolio, free of management fees or carried interest.

https://angel.co
Private single-deal VC funds led by top angels.

https://yieldstreet.com
YieldStreet connects investors to originators with deep expertise in alternatve lending.

https://bolstr.com
Invest in businesses you understand and believe in.

https://circleup.com
CircleUp lists companies for you to review across a spectrum of consumer product and retail categories. Browse or search our portfolio to find opportunities that interest you.

https://crowdfunder.com
Venture Capital: Crowdsourced. Invest in many deals at the same terms as leading VCs

https://www.crowdstreet.com
CrowdStreet provides superior technology solutions that enable all investors to directly connect, invest, and create wealth through real estate.

https://equitymultiple.com
Gain exclusive access to high-yield commercial real estate deals

https://equitynet.com
Use EquityNet’s patented technology to efficiently screen and analyze thousands of investment opportunities in minutes.

https://equityzen.com
Where Private Investors Access Proven Startups

https://farmfundr.com
FarmFundr offers an affordable way to own and invest in high quality farmland.

https://flashfunders.com
Invest in Companies You Believe In

https://fundable.com
Fundable is a powerful fundraising platform that enables Startups to quickly engage a large network of Backers to raise capital.

https://fundersclub.com
Invest in the world’s most promising startups. Diversify your investment portfolio with insider access to highly vetted startups from Silicon Valley and beyond in just minutes.

https://fundingcircle.com
Invest in successful small businesses.

https://fundrise.com
Real estate meets technology, with one simple goal: Earn better returns.

https://www.fundthatflip.com
Earn 10+% annual yield by investing in qualified real estate loans.

https://www.groundfloor.us/
Private lending, now public. Earn average returns of 10%.

https://hedgeable.com
We are the only digital wealth manager to offer curated investing in venture capital.

https://homeunion.com
Build a diversified residential real estate portfolio using HomeUnion’s end-to-end services of property selection, acquisition, management and sale to match your financial goals

https://ifunding.com
Revolutionizing Real Estate Investing. Individuals invest as little as $5,000 in institutional quality real estate.

https://investability.com
Find Your Next Single-Family Investment Property Now

https://lendingclub.com
Build a diversified portfolio that can offers solid returns, low volatility, and monthly cash flow

https://lendingrobot.com
Automated management of your existing Lending Club, Prosper, or Funding Circle accounts.

https://lendinghome.com
Build your own diversified, institutional-quality real estate portfolio in minutes. LendingHome offers high returns and durations of just 12 months or less.

https://www.lexshares.com/
Earn returns by investing in lawsuits

https://localstake.com
Connecting businesses & local investors

https://www.macrocrowd.com
We work with investment specialists who have vetted billions of dollars in real estate developments. These industry giants provide us with exclusive investment opportunities for our platform’s investors.

https://microventures.com
Get access to highly curated early and late stage investment opportunities

https://nextseed.com
Invest in exclusive, pre-vetted deals that used to be available only to the wealthy and well-connected.

https://www.ourcrowd.com/
Invest alongside trusted venture capital and angel investors

https://patchofland.com
Earn up to 12% on your real estate investment in one year.

https://peerrealty.com
PeerRealty is the premier real estate crowdfunding platform. Gain insider access to high quality opportunities with top developers.

https://www.peerstreet.com
PeerStreet is a marketplace that provides unprecedented access to high quality real estate loan investments.

https://prosper.com
Investors can earn solid returns by investing in personal loans listed on Prosper

https://realtymogul.com
Commercial Real Estate Investing for All

https://realtyshares.com
Institutional quality real estate. Simplified investing

https://republic.co
Invest as little as $10 in the private companies shaping our future. Pick the companies you believe in and support their mission.

https://roofstock.com
Own an income producing house with as little as $20K down. No hassle.

https://seedinvest.com
Invest in highly vetted startups.

https://seedups.com
Connecting Investors with Technology Startups

https://selequity.com
Selequity connects accredited investors with the sponsors of commercial real estate (CRE) investment offerings. Our national network of accomplished real estate professionals assures you’ll have unique access to investment opportunities.

https://sharestates.com
Invest in real estate with as little as $1,000. Faster access to capital for real estate developers.

https://startengine.com
Invest in companies you believe in

https://trialfunder.com
We make access to the lucrative legal funding industry possible

https://upstart.com
We go beyond FICO scores to finance people based on signals of their potential, including schools attended, area of study, academic performance, and work history.

https://wefunder.com
Back founders solving the things you care about. Grok the risks, then join 93,004 investors who funded 155 startups with $35.5 million.

https://www.wundercapital.com
Invest in solar projects. Do well and do good.

https://crowdsourcefunded.com/
Where entrepreneurs and investors source the wisdom of the crowd.

https://dreamfunded.com
The New Way for Everyone to Invest in Real Estate

https://equitybender.com
We seek to help Software and IOT companies raise capital online and build shareholder value.

https://fundingwonder.com
Invest in loans that help small businesses grow

https://gridshare.com/
GridShare enables everyday people to invest in renewable energy projects and cleantech companies.

https://growthfountain.com
Invest in local businesses and entrepreneurs you believe in, starting at $100

https://indiecrowdfunder.com
Equity-based Entertainment Crowdfunding

https://jumpstartmicro.com
Jumpstart Micro brings together investors,

entrepreneurs and innovation in one place.

https://mrcrowd.com
Mr. Crowd is a SEC-registered equity crowdfunding platform

https://minnowcfunding.com
You Can Invest in Real Estate. Start Small, Dream Big

https://netcapital.com
An open market that brings together entrepreneurs and investors

https://smallchange.com
We Bring You Projects That Make Cities Better. You Invest In Them.

https://razitall.com
Razitall. An innovative equity crowdfunding platform. You pitch, you bid, and everyone wins.

https://us.trucrowd.com/
A new way to diversify your investment portfolio

https://diversyfund.com/
The simplest way to invest in real estate. Higher returns, lower fees and start with as low as $5000.

https://www.richuncles.com/
Invest Alongside Experts in Real Estate

https://acquirerealestate.com
Acquire Real Estate identifies, underwrites and pre-funds high quality commercial real estate properties. We then offer the opportunity for accredited investors to invest alongside us.

https://www.wealthmigrate.com/
Wealth Migrate is the leading global real estate investment marketplace, giving investors direct access to exclusive real estate investment opportunities in premier markets around the world.

https://neighborly.com/
Invest in the places you live, work and play. Neighborly is modern public finance.

https://www.iintoo.com/
Invest in Exit-Oriented Real Estate for as little as $ 25,000

https://www.1031crowdfunding.com
We are an online marketplace for 1031 Exchange investments.

https://healthfundr.com
Invest in healthcare’s transformation. Private investing at the intersection of financial returns and impact.

https://www.money360.com
Invest in loans secured by income-producing properties

https://www.propellr.com
A curated marketplace for alternative asset investments

https://www.instalend.com
Invest online in senior debt real estate opportunities and earn monthly distributions

https://www.realcrowd.com
Build relationships with commercial real estate companies and invest directly in their investment opportunities.

https://www.venture.co
Diversify how you invest with access to new private companies in exciting industries raising funding with offerings open to both accredited and every day investors.

https://streitwise.com
A new way to invest in real estate designed to be rewarding and accessible for everyone, stREITwise cuts out the middlemen and passes the savings on to you, the investor.

https://holdfolio.com
Invest in a portfolio of properties we already own.

https://www.royaltyexchange.com
Your online marketplace for buying and selling royalties

https://hotelinnvestor.com/
Hotel Investment Banking – One Innvestor at a Time

https://www.energyfunders.com
Direct Energy Investing Made Easy

https://www.iselectfund.com/
iSelect works with accredited investors to assemble a diversified portfolio of the Midwest’s most promising emerging growth companies through their own financial advisors.

https://www.realtyevest.com
RealtyeVest is an online marketplace that connects investors and sponsors (real estate owner-operators) tocrowdfund exclusive real estate investments.

https://www.equityroots.com/
Become an owner or lender in branded hotels for as little as $15,000 per share.

https://www.arborcrowd.com
ArborCrowd is an online commercial real estate company. By allowing people to co-invest with successful real estate deal-makers, ArborCrowd enables millions of investors to maximize their financial returns.

https://fundanna.com/
The funding portal for all Cannabis and Hemp enthusiasts.

https://www.cannafundr.com/
Join the largest network of cannabis investors and entrepreneurs in North America

https://startwise.com
Revenue sharing deals accessible to Everyone

https://cannacrowd.fund/
Legal Cannabis Investments

https://streetshares.com
Financial Solutions for America’s Heroes and Their Communities

https://crudefunders.com
Using Crudefunder’s innovative online investment marketplace, we provide sophisticated and beginner investors with the opportunity to invest in Oil & Gas Projects.

https://www.cityvest.com
CityVest is an online marketplace where accredited investors can pool their capital to buy shares in institutional real estate investments.

https://www.rabbleworks.com
Rabble is an impact investing platform that connects people with projects that strengthen communities.

https://firstrealfund.com
First RealFund’s Mission is to identify, offer, co-invest, & manage superior commercial real estate investments with capable owners and quality assets.

https://www.cuttingedgex.com/
The Direct Public Offering marketplace connecting investors with social enterprises.

https://www.honeycombcredit.com/
Honeycomb allows local businesses to borrow loans of up to $50,000 directly from their own loyal customers for business expansion projects.

https://www.milkmoneyvt.com
Online equity crowd-funding portal connecting Vermont’s “Main St.” investors with Vermont entrepreneurs.

https://wunderfund.co
Invest in Big Ideas Near You

https://fig.co
A publisher where you can get a share of revenue from game sales – we bring together developers and communities from all over the world to publish great games.

https://www.buytheblock.com
Buy The Block online investing in real estate with your peers. Pool funds, share knowledge, vote on a property to invest, efficiently manage accounts online.

Pardon the grammar – I’m an Engeneer, Enginere, Engenere… I’m good with math! Here are the Show Notes:

Investor, advisor, writer, father. Founder at @yieldtalk. Ex @oreillymedia, @safari. Occasional consultant & speaker. Chronic reader.

1) Your background and your Real Estate investing track record?
Andrew Savikas
andrew@yieldtalk.com
My own journey through crowdfunding, especially real estate
Related posts:
https://yieldtalk.com/my-crowdfunding-portfolio/
https://yieldtalk.com/baby-steps-getting-started-with-crowdfunded-real-estate/
https://yieldtalk.com/why-you-should-care-about-real-estate-as-an-investor-even-if-you-dont-care-about-real-estate-investing/
Importance of new crowdfunding choices in helping fuel entrepreneurism (and overall economic growth), especially serving traditionally underserved categories (eg non-males and non-tech companies outside of Silicon Valley, NYC, and Boston)
Related posts:
https://yieldtalk.com/crowdfunded-investing-democratizes-capitalism/
https://yieldtalk.com/can-crowdfunding-help-close-300b-funding-gender-gap/
Importance of understanding “convex” vs. “concave” risk, and the implications for risk/reward profile of your portfolio
Related posts:
https://yieldtalk.com/diversification-crowdfunding-investments/
https://yieldtalk.com/know-your-alternative-investing-style-zebra-or-lion/
The surprising number of choices out there for non-accredited investors
Related posts:
https://yieldtalk.com/24-ways-crowdfunding-for-non-accredited-investors/
https://yieldtalk.com/5-best-equity-crowdfunding-sites-beginning-investors/
You should also ask me about the time I had to pick between the Google IPO and a new couch (I picked wrong!)

criteria in your site, insights from looking at all though sites, and your recommendation for people to invest in rentals, crowd funding, or direct syndication.

2) Something that you have recently or thought about “burning your cash” on for time savings or an improvement in quality of life.
[Andrew] After leaving my last job (CEO of an ed-tech company for 5 years) right after my second child was born, deliberately moved to a lower-cost-of-living place and dialed down work commitments to have more time with my kids while they’re young. Definitely worth it! But I’ll never forget the night I was putting my son to sleep soon after my daughter was born and contemplating the return to a very demanding job that was only going to get more so, and imagining myself 5 years in the future wishing I could trade the money I’d made for more time with the kids while they were growing up.

3) Something that you changed your mind on? Our ego often gets in the way of greatness.
[Andrew] Having kids definitely changed my perspective about the opportunity cost of my career trajectory. Has helped me see the benefits of a more balanced portfolio approach compared with driving 1000% down one path.
Also, what it means to have a “balanced” or “diversified” portfolio. Was profoundly influenced by Nassim Taleb’s “Anti-fragile” and the concepts of convex and concave risk (and the notion of a “barbell” portfolio).

4) Anything we missed and contact info if you would like anyone to get a hold of you. URL?
[Andrew] I’m a voracious reader, and as a side project I started posting lengthy reviews of books that have shaped my thinking about leadership, strategy, business, and more. I’m also super into meditation and mindfulness, and have written about 10 books that helped me apply mindfulness to my life in general, and doing better work in particular.

And speaking of books, 13 years ago I wrote a book about Microsoft Word of all things.

 

Podcast #108 – Rocky Lalvani recalls 2000 & 2008 corrections and regrets not getting started earlier with a little marriage family advice

YouTube Link: https://youtu.be/v0fB-e3579E

Text “simple” to 314-665-1767 to download the Hui Google Drive files and the 2018 Rental Property Analyzer

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:
Currently have 5 rentals and 80k of income and trying to paying off rentals because near retirement
Also flips properties where the goal is 20k profit
He outsources much of the work
Got rentals in 2011 and regret not doing it earlier
Got hammered in 2008
Got out of the market in 2000
Interest rates are very low which is different that past times which means a good time to lock in loans, stocks are pretty high
Real estate is not for everyone and might have a wrong skill set
If you don’t want to do the work be a hard money flipper but only make 10% (you need to have the money)
Don’t lend to someone doing their first flip
Need to hire a virtual assistant – 5 properties can manage by self
Let go of politics
Marriage advice
Begin with the end in mind – He already knows his legacy and just lives it
Teaching kids financial principals – mindsets and habits
To teach a 12-year-old – give them money
To teach a 30-year-old – they need to want to fix the money problem
Letting go to be happy
richersoul.com

Podcast #107 – Fundamentals – The MFH Broker who takes flowers to 80-year-old ladies and the brokers point of view from Mark Allen

YouTube Link: https://youtu.be/25UY_v17bt4

Text “simple” to 314-665-1767 to download the Hui Google Drive files and the 2018 Rental Property Analyzer

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:
Mark Allen is a broker
Started in 2009 and went to Westpoint Academy
Got a $35k loan to get started in FL
Started with subject to or assuming the loan method of acquisition
2015-2016 sold initial properties and started flipping properties while working the day job
lead to MFH
Saved the money from flips and day job to go into MFH
You can find Mark at SVN and check out his podcast
ROI on time is more for Commercial than residential
Provide value by driving properties, pictures, transaction beat
Yadi matrix, co-star offer owner data
Face to face is better than email or phone
Bring 80-year-old sellers flowers
once or every two months a touch point with some value
As an investor go right to the broker and all of them
CCIM is a higher level designation (but that’s your job as an investor to know what a deal is)
Loopnet/correct C is a good way to find active brokers who are perhaps hungry
SVN, Marcus, Colliers, JLL, CBRE are popular brokers
Call brokers and introduce yourself
Share pitch deck with broker and share team so you show that you are credible

Podcast #106 – Interview – My Book Announcement + Clayton Morris ex-TV News Anchor at Fox & Friends

YouTube Link: https://youtu.be/hByPK7SFAjQ

Text “simple” to 314-665-1767 to download the Hui Google Drive files and the 2018 Rental Property Analyzer

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:

It’s official, the book I’m coauthoring is being released this morning! And I’m asking for a huge favor and your support to help us hit #1 Bestseller Status on Amazon!

As part of the release we put together a special offer plus over $200 in bonuses. Plus 100% of the book profits from Amazon will go to Charity (GRACE, a DFW grassroots organization that helps feed and clothe those in need)!

The One Thing That Changed Everything is such a powerful book, and I’m so proud to be a part of it. It is an honor to be counted among this all-star group that includes the 18 year biz partner and marketing genius behind Jim Rohn, Kyle Wilson, 15 year MLB player Todd Stottlemyre, 2X US Memory Champion Ron White, #1 Real Estate Podcaster & Developer Robert Helms, Passionistas author Erika De La Cruz, PGA Tour Mentor Nick Bradley, and so many more amazing thought leaders.

These unstoppable super achievers share transformative stories about one moment that changed their lives and set them on the path for success. These stories seek to create positive, everlasting change in your life and move you to action!

You’ll read about persistence, courage, redemption, and unconventional approaches to challenges. These stories will inspire you and give you ideas and strategies that will impact you both personally and in business.

I’m asking for your help and support today. When you get your Kindle or paperback copy (or copies) today, you will be supporting all the amazing contributors by helping us achieve #1 status! And, most importantly, you will be continuing your commitment to become a heart-centered world changer.

The preferred time to grab your copy is this morning, Tuesday, March 27th between 10am and 12pm CST (8am – 10am PST)! If you miss that time frame, it’s ok. Still grab your copy(s) today.

You can order the Kindle version at an amazing price of only 3.97 and the paperback for 11.97.

Click Here to order today https://tinyurl.com/OneThingAmazon

Plus you will also receive over $200 of amazing gifts (see below).

And 100% of the book profits from Amazon this week will go to Charity!

Please leave a review after you buy your copy (and click Yes on other 5-star reviews to let others know they are helpful)! NOTE: To leave a review you must buy a copy and be signed in on Amazon, otherwise your review will be removed from Amazon and will not count.

*And remember, after you buy please send an email to gifts@LessonsFromOneThingBook.com with your Amazon order number, book quantity, and your comments so we can send you over $200 worth of powerful gifts as a special thank you! All of the coauthors and I will be updated on who buys, their comments and also their review of the book. Thank you in advance!

Bonus gifts include:

– Kyle Wilson’s Interview and Book Package. Includes interviews with Darren Hardy, Brian Tracy and Phil Collen of Def Leppard and ebooks include 52 Lessons I Learned From Jim Rohn and Other Legends, Passinionista – Tips, Tales and Tweetables From Women Pursuing Their Dreams, Little Black Book of Fitness and Mom and Dadpreneurs.

– Todd Stottlemyre’s 9 Step Game Plan to Success PDF

– Robert Helm’s Audio Workshop: Your Personal Investment Philosophy – How to Identify Your Inner Real Estate Investor

– Erika De La Cruz’s Vision Board, GOAL-SETTING system

– Brian Tracy 3 Day Success Mastery Academy Cliff Notes (includes Brian Tracy, Darren Hardy, Vic Johnson, and more)

– Kelli Calabrese’s ­Vision Casting Webinar and Activation Guide

On behalf of me, our designated Charity – GRACE, and all the The One Thing That Changed Everything coauthors, Kyle Wilson, Todd Stottlemyre, Erika De La Cruz, Ron White, Robert Helms, Tyler Gunter, Nick Bradley, Jennifer Zhang, Frank Mulcahy, Bruce Aleo, Daniella Park, Daniel Schaffer, Dave Zook, Denise Marie Rose, Dr. Eric Tait, Gary Pinkerton, Greg Zlevor, Stacey LaCroix, Inaky Strick, Jason McWhorter, Jon Gorosh, Lane Kawaoka, Jackie Duty, Sheldon Horowitz, Lloyd Nolan, Luke Moore, Lynn Bodnar, Marco Santarelli, Matt Byler, Richard Haye, Sean Hutto, Tina Radick, Brad Roberts, Stephen South, Cornelius Butler, Alicia Lowry, Aran Dunlop, and Adrian Shepherd WE THANK YOU!

Everyone involved has put a lot of work and energy into making sure this book and the lessons inside it will make a positive difference and a ripple in the world. We are honored that you are taking the time to read and help start that ripple.

Thank you for your support!

Lane

PS – Click here to get your Kindle or for Paperback copy https://tinyurl.com/OneThingAmazon today and help us hit bestseller status. We hope to see your name on the book buyer and review list! Make sure and email gifts@LessonsFromOneThingBook.com with your order number and qty so they can send you your gifts and also let the authors know you purchased. This book makes great personal development season reading for the whole family!

______________________________

Clayton Morris TV News Anchor with Fox & Friends quits his job
Had a bad experience with not getting renewed on TV contract
Started with a flip then started buy and hold with 100% financing
20k simple passive cashflow a month
MFH is Better than SFH but you need to have experience with SFH
Beware of shiny object syndrome because it will take you off course
Don’t listen to general broad advice and beware of internet forums
Book – Marie Kondo – Magic Art of Cleaning up
It’s hard to have an abundance mindset unless you already have abundance coming in
There are two ways to think of your goal – the daydreamers or the math method
A Class properties are the most entitled and don’t make money (also have to provide them appliances)
Burn cash on child care
Wake up at 530 and 20-minute meditation

Podcast #105 – Jordan Goodman – Affiliate connections + mortgage rate optimization + Dolphin mentality

Here is the download link for Jordan’s text on the mortgage rate optimization strategy: https://drive.google.com/open?id=1XajKX3Otl9egfIbTnPBsr49wf7pDZHsO

Cash our or Refi – http://simplepassivecashflow.com/cash-refi-question/

Webinar  – How to pay your 30-year mortgage in 4 to 8 years with Mortgage Rate Arbitrage – https://youtu.be/fwcY79AKkMA

YouTube Link: https://youtu.be/MAvb05-xROY

Text “simple” to 314-665-1767 to get access to the Hui Google Drive files and the 2018 Rental Property Analyzer

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:

Gets a piece of the action by leveraging your time, knowledge, and connections.

Download a free chapter in the Hui Files

Get a heloc, keep your income in the heloc and pay down your home mortgage
People depend on traditional sources
Don’t quit your job until you have the next thing going
Dolphin culture – help people without any return

Jordan Goodman has spent the past 40 years focused on one mission: to help Americans do better with their money. In a career spanning newspapers, magazines, books, radio, television, live events, teleseminars, and the Internet (www.moneyanswers.com), he has helped millions of people to solve their financial problems and realize their financial dreams.

An honors graduate of Amherst College, Jordan had just received his masters degree from the Columbia University School of Journalism in 1977 when he launched an award-winning, consumer-oriented newspaper insert, INFO, which reached 4 million readers every week. That early foray into consumer journalism soon led to an 18-year stint at MONEY, the foremost personal-finance magazine in the U.S., where Jordan reported and wrote on every aspect of personal finance. During his tenure at MONEY, he also became a regular presence on radio and television programs around the country. When Jane Pauley and Bryant Gumbel of the “Today Show” wanted to refute some of the more dubious strategies of financial guru Charles Givens in 1986, it was Jordan they asked to face down Givens. When Ted Koppel needed a financial expert to explain to “Nightline” viewers the implications of the stock-market crash of October 19, 1987, it was Jordan to whom he turned.

While at MONEY, Jordan also began to write the first of his 14 highly acclaimed books on personal finance. The Barron’s Dictionary of Finance and Investment Terms (1984), which Jordan co-authored with John Downes, has been translated into Spanish, German, Russian, Japanese, and Chinese, and has sold over 3 million copies worldwide. Now in its ninth edition, it is considered a classic in its field and a staple on the syllabi of college personal-finance and business courses, MBA classes, and securities training seminars.

In the 33 years since the dictionary was first released, Jordan has also written:
• Barron’s Finance and Investment Handbook (1986, co-authored with Downes) that provides a comprehensive analysis of every form of investment, plus a multitude of important investment resources. (The ninth edition came out in 2014.)
• Everyone’s Money Book (Dearborn, 1993, 1998 and 2001) a 970-page comprehensive financial reference that included over 6,000 resources and sold over 250,000 copies.
• The Everyone’s Money Book Series (Dearborn, 2003)
(including six separate volumes on Credit; Stocks, Bonds, and Mutual Funds; Real
Estate; College Financing; Retirement Planning; and Financial Planning)
• Reading Between the Lies: How to Avoid Becoming a Victim of Wall Street’s Next Scandal (Dearborn, 2004) aimed to educate consumers shaken by Enron-era debacles.
• Master Your Money Type (Warner Business Books, 2006) about the different psychological styles with which people relate to their finances, and how to minimize their weaknesses and maximize their strengths to build financial well-being.
• Fast Profits in Hard Times (Grand Central Publishing, 2008) that anticipated the current financial downturn and provides readers with investment strategies that allow them to make money even in a down market.
• Master Your Debt (John Wiley, 2010) which explains the many changes in the world of debt and offers specific resources to help readers pay off their mortgages in 5-7 years instead of 30 years, get control of their credit card debt, student loans and all other kinds of debt.
• The Ultimate Guide to Student Loans (CreateSpace, 2014) which explains how to save and invest before a child goes to college, how to get the best student loans when they get to college, and how to pay them off as quickly as possible after graduation.

It’s been 20 years since Jordan, in such demand as a keynote speaker, author, and guest expert on radio and television, left MONEY to focus on independent projects. He is the host of the weekly national Money Answers Radio Show which appears on the online VoiceAmerica Business Radio Network at www.voiceamerica.com. Once or more each week, he appears as a commentator on major TV news networks such as CNN, CBS, ABC, Fox News Network and Fox Business Network. During frequent trips around the country, he is a guest on local and regional radio and TV stations as well as a keynote speaker for such diverse audiences as the military, corporate employees, college students, and trade association members. He also participates in non-profit personal-finance-literacy programs such as those sponsored by the Jump$tart Coalition. And virtually every day, often several times a day, from a microphone on the desk in his home office, he speaks to millions of listeners through his regular guest appearances on countless radio shows. These include such prominent programs as “Sunday Morning Magazine” on KMOX that reaches numerous Midwestern states; KOA’s Money Monday hour with Mandy Connell in Denver, WCCO in Minneapolis with Jordana Green, WGN in Chicago with Steve Cochran.
Along the way, Jordan also has reached vast national audiences as a weekly commentator on CNN’s “Business Day” for 3 years; on Public Radio International’s “Marketplace Morning Report” weekly for 6 years; on the Mutual Broadcasting System’s “America in the Morning” daily for 8 years; and as a guest expert on NBC-TV’s “News at Sunrise” weekly for 9 years.

The son of a father who was a political-science professor for 32 years at the Ivy League’s Brown University, and a mother who was a dedicated community-service leader in Providence, Rhode Island, Jordan early on melded his father’s focus on world events with his mother’s emphasis on serving others. His parents’ formative influences, combined with his firsthand experience of a traumatic family financial crisis when he was a teenager, in large measure explain both the career path he has pursued with such passion and the reasons why he is today widely known as “America’s Money Answers Man.”

In all he does — in his books, his media appearances, his live speeches, his teleseminars, and even in the hundreds of email replies he crafts each month in response to listeners who write to ask for his advice, Jordan:
• teaches the underlying principles of responsible personal finance.
• makes clear the impact of current events on the consumer’s wallet.
• provides outstanding resources that can help the consumer to take the next smart step.

Podcast #104 – Interview – Brad Tacia – Mechanical Engineer transitions from SFH to MFH

YouTube Link: https://youtu.be/Z0SM21dLsCc

Text “simple” to 314-665-1767 to get access to the Hui Google Drive files and the 2018 Rental Property Analyzer

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:

Doing one house gets you started to gain momentum
Han solo moment was went when into MFH
At first wife was nervous in the beginning but with success came on board
Moved to MFH when had 5 units and 2k in cashflow
SFH is the way to go to learn to rent and pick out a property manager but its a personal question
Worse moment was seeing 2008
A pain point that forces people to make a change
Working up to expenses plus 20k
Do a little bit each day
Set goes every year – 40-50 goals – review once a week
Personal Background
Grew up in Oxford, Michigan
Graduated from General Motors Institute/Kettering University in Flint, Michigan in 2000 with a Bachelor’s in Mechanical Engineering
Married to wife, Lindsay and have 3 kids together
Started engineering career in 2000 and progressively moved up in position and responsibility to an engineering manager
Currently a program manager for automotive supplier Brembo

Real Estate Projects
Purchased primary residence in White Lake in 2008 as a foreclosure and rented out old primary residence in Madison Heights – “accidental landlord”
First intentional rental was a 3 bed 2 bath house in Waterford in 2011, added 3 more in Waterford from 2012-2014
Bought 12 apartment units in Monroe, Michigan in 2015
Bought 12 more apartment units in Monroe, Michigan in May 2016
In due diligence on a 63 unit apartment building in Lansing, Michigan
Goal is to retire my day job 2 years from now. From there, options I am looking into are real estate syndication and home inspecting

Success Habits
Keep a quarterly finance sheet to keep track of Net Worth, Assets, Liabilities, Income, & Expenses
List out yearly goals for family, finance, health, learning and track each week
Make sure to do things daily to get closer to goals
Dave Ramsey
Lifestyles Unlimited
REIs for networking
Checklists
Books
Millionaire Real Estate Investor – Gary Keller
Rich Dad Poor Dad – Robert Kiyosaki
The Complete Guide to Buying and Selling Apartments – Steve Berges
48 Days to the Work You Love – Dan Miller
What Color is Your Parachute – Richard Bolles
The Slightest Edge – Jeff Olson
Compound Effect – Darren Hardy
Quotes
“Leverage is key to wealth” – In regards to money, time, knowledge
“Money is on the other side of fear”
“Most people overestimate what can be done in the short term and underestimate what can be done in the long term”
“If you give a house a cookie…”
“What gets measured gets done”
“Spectacular achievement is always preceded by spectacular preparation”
“Those who say it can’t be done should get out of the way of those doing it”
“Go as far as you can see, once you get there, you will see farther”
“Play the game of money to win, don’t play not to lose”
“Don’t quit when you are tired, quit when you are done”
“Make sure your ladder to success is on the correct wall”

Contact Info
Email: bradtacia@gmail.com
Facebook & Linked In – Brad Tacia
Facebook Page – Apartment Investors of Michigan

Podcast #103 – My Story – Money Savings Ideas Before the Simple Passive Cashflow (Scarcity Mentality)

YouTube Link:https://youtu.be/HOeBP0w00eI

Please help the show by leaving a review: http://getpodcast.reviews/id/1118795347

Download the FREE 2018 Rental Property Analyzer for free: https://simplepassivecashflow.activehosted.com/f/14

Pardon the grammar – I’m an Engeneer, Enginere, Engenere… I’m good with math! Here are the Show Notes:

I started to a hobby to make Mead or fermented honey wine. It’s pretty healthy because of the good bacteria cultures.

I started it because I needed to diversify from my Kombucha hobby because moving to Hawaii I was worried that there was going to be a fruit fly infestation that would wipe me out.

Got to be diversified with multiple streams of income!

Notebuyerbootcamp.com – Coupon Code “simplepassive”

It’s been a busy month after wrapping up the closing on these two latest deals. If you are interested in the deal flow, make sure you are a part of our Hui Deal Pipeline Club.

I recently met George Ross who came to speak to my Syndication Mastermind for a private dinner. If you have need the movie “The Founder” you know the lawyer had a very big impact to Ray Kroch.  George was the legal counsel to Donald Trump during his rise and “retired” once he hard Trump was running for presidency. George He held court to the remaining 15 of us for 3 hours after dinner until midnight telling stories for the past. Very insightful to know that this man shaped the Trumps business sense.

He is known as a master negotiator and he gave us the following relationship advice:

“In marriage, I tell my wife that I make all the Major decisions and she can have the Minor decisions… In all my years of marriage, we have not had one Major decision come up.”

The recently launched YouTube Channel just clocked in at 17,577 minutes or 293 hours or 36 working days. So there much be one person watching my content around the clock which on the clock.

I need a little bit of a break and took the time to reflect back on how far I have come from 2009 and buying that first rental property. By the way remember to incorporate “play” into your day.

The first twenty tips came from myself but after sharing the list and finding the other ex-cheapskates out there we have been slowly syndicating more and more bad ideas. Note: they are not in any particular order.

Our parents will be so proud of us!

If you want to add more, please email me and I will keep growing the list. And if you like I can add you initials at the end to cement your legacy.

If you call me collect, I will not pick up!

Money saving ideas for the shameless…

 

  1. Stack Mr. Rebates shopping portal and Groupon discount codes with gift cards purchased from eBay or Safeway with more gift cards and Mr Rebates shopping portal. To sign up go here: http://www.mrrebates.com?refid=413597
  2. Take a shower at work to save on utilities, water, and electricity – as a side benefit you go to the gym more often (do your 3S’s there, shit, shower, shave)
  3. If you work in a startup company that caters food, it’s a no brainer— eat at work and bring food home. Maybe you can even befriend someone that works there and join them for lunch from time to time. For extra credit consider a life of “intermittent fasting” and totally binge at these free meals.
  4. Wash your car in the rain. No mineral deposits left while it dries. Video of me demonstrating this: https://youtu.be/kZkYnkXOI7Q
  5. Costco leasing to own program
  6. Buy an Anker powerbank and charge it at work.
  7. Always take a pee before leaving for the day.
  8. Try to poop at the same time every day while at work… get paid to poop. Time is money and flushes cost 10 cents.
  9. There are soft drinks available at restaurants?
  10. Why are you eating at a sit down restaurant, you have to pay tip?
  11. If you must, order food to go and eat on the premises. Best of both worlds!
  12. Wear clothes with the tag on it and return it.
  13. Buy a snorkel from Costco to go to Hanama bay while visiting Hawaii to return it. Another Hui member cautions that on many electronics there is a 90-day return policy. Lady who returned a dead Christmas tree on Jan 4th.
  14. Use an app like GasBuddy to find the cheapest gasoline station, better yet, double stack your Costco credit card (4% cash back on gasoline) and buy Costco gas.
  15. Cash flow, cash flow, cash flow. Also, see uncle Kohlers team for tax optimization (easily the single largest expense in your life) http://keystonecpa.com/~keystone/images/5_Cash_Flow_Strategies_for_RE_Investors_eBook.pdf
  16. This one is a bit morbid, but an important one. Set up a revocable living trust with your lawyer to avoid probate expenses following the death of your family members\
  17. Susie Orman’s advice – make coffee at home and save yourself the $5 Starbucks Vente frappucino
  18. FAST (intermittently, not forever)! Skip breakfast daily (work yourself up gradually) and when you’re ready to get to the big leagues, attempt to fast for an entire day (no breakfast, lunch or dinner)
  19. Solar panels (maybe?)
  20. Free (coffee) money, this one’s really easy ($25/quarter or $100/yr) w/ BofA and Amazon http://www.magnifymoney.com/blog/consumer-watchdog/better-balance-rewards-card
  21. Maximize and optimize what you’ve got BankPurely has a 1.30% APY since April (not sure if promo rate?) but most banks have 1.0+% (which is 10x the 0.1% APY rate given by most conventional brick and mortar banks like BofA, Chase, WellsFargo)
  22. https://www.depositaccounts.com/savings/
  23. Become an Uber driver or deliver post maters? (not a big fan)
  24. If you have a spare room not in use, AirBnB it from time to time
  25. Check out EventBrite or other social event platforms for free lunch/dinner/drinks
  26. InvestinAHP.com        or email me for a few Burnzone book with your mailing address
  27. Buy Mod Pizza’s mega salad for $11.27. Dinner for days!
  28. Paid online surveys (not a good use of time)
  29. Coupons (think http://www.freestufffinder.com/)
  30. Use www.bensbargains.com or slickdeals.net before buying anything online
  31. Use Honey or Ebates or other discount portals for Amazon/eBay or other internet purchases to save a few %
  32. Certain credit cards provide 5x bonuses (Chase Freedom has rotating categories) and Chase Business cards are good for auto-pay things like internet with extra bonus categories
  33. Make a Ghetto Latte at Starbucks and other fun

Growing up in Hawaii where a gallon of milk is $8, I was taught to save money in strange ways. (I don’t drink milk)

Some of those were pretty bad which develop into unhealthy money mindsets.

Some downright unethical but hey if you are a cheapskate, own it!

I don’t condone any of these tactics but look, it is no coincidence why you folks continuously have so much money to invest and pay your bills on time unlike 4 out 5 of my Birmingham rentals every month.

Join the Hui Deal Pipeline Club!