Real Estate Money School

The Infinite Banking system proves that a basic financial process applied to one specific tool can change everything. It’s a concept that can unlock financial momentum for anyone who uses it, but the sad truth is many people have limiting beliefs around whether they can even start using the system.    Both me and our guest today had to overcome these internal hurdles. We realized that we don’t have to work harder or take on more risk to make money, we just needed to utilize the correct tools.    How can you overcome your internal hurdles about money? What makes the Infinite Banking concept so great?  In this amazing podcast with Jeremiah Jew “JDew” from the Cash Compound, we talk about banking functions in a very usable and unique way to show how easy it is to implement.  Three Things You’ll Learn from JDew That this system is actually quite simple and not risky The flawed idea is that to get ahead you need to take a risk, roll the dice, work harder and just hope for the best. Through the banking system,

There’s a financial system that unlocks wealth-building, debt-freedom and our financial goals, but we don’t hear much about it. It’s possible to implement this system and get these results without additional effort, taking on any more risk or giving up any control.    How does the Infinite Banking System work, and why does it get so little attention?    In this episode, co-founder of The Cash Compound and money mapping specialist, Jonah Dew shares the basics of becoming your own bank, and how the system is changing lives.  Three Things We Learned How banks make profits without earning moneyWhen we deposit money into the bank, the banks use it to make profit by loaning out our money. Every single loan is an asset to the bank, and they make money through charging interest on the loans they provide. This is a system we can implement in our own lives, and our guest today shares the simple steps we can take to do it.    There are parties that are motivated to keep the truth about banking a secret There’s a reas

With the rise of wealth transfer, many people find themselves trapped with having to pay capital gains tax or having to buy a property in the very narrow, high-pressure window of a 1031 exchange. What can go wrong when you try to adhere to the 1031 rules? How can a tax deferral increase our liquidity and reduce our debt? How can you defer capital gains tax for an extended period? In this episode, owner and principal of Capital Gains Tax Solutions, Brett Swarts shares on the power of deferred sales trusts and how to escape the trap of capital gains tax.    Three Things We Learned The 1031 Exchange can take away your ability to make informed financial decisions  A 1031 exchange gives you 45 days to identify a property and 180 days to close. A tax deferred strategy means you’re not making a decision under the gun, and you don’t lose your negotiating power. You can also use that money when you’re ready to, not when you’re forced to.    It’s possible to kick the capital gains tax can down the roadYou can take the

Most business owners are afraid of being sued, but in the real estate industry it’s unfortunately far more common. What can we do to safeguard ourselves from the inevitable? Is there anything we can do to protect our assets in advance? On this episode, founders of Leafy Legal Services, Brian Price and Jennifer Gligoric share how to protect our businesses from legal action.    Three Things We Learned Being sued is inevitable - get used to itWhen most people hear they could be sued, the initial reaction is panic - but it pays to remain calm and in control. Anyone working in real estate needs to know that being sued is part of the business. The best thing we can do is have a strong legal team on hand when it happens.   Establish an operating companySet up an operating company and think of it as your ‘face to the world’. Operating LLCs should be used to hire contractors, pay property managers and collect rent. They can also be used to get financing. However, this operating LLC should be our parent company - not t

It is all too common for real estate investors to get initially excited about a deal, only to get deflated when that deal gets rejected by a hard money lender. What are some of the most notable reasons hard money lenders say no? What are the most important skills real estate investors need to have to increase their chances of getting approved? In this episode, investor and hard money lender Ryan Wright joins us to discuss how to win with the right lenders.    Three Things We Learned Educate yourself on what gets a deal approvedThe 3 parts of a real estate deal that can lead to hard money lenders saying no is not being clear on the pricing of the property, the cost and scope of repairs, and the involvement of a contractor.    Don’t delegate the pricingRealtors are in the retail business so they see deals differently, and they don’t always have the best pricing information and knowledge. Knowing how to do comps comes from experience and research. It’s important to learn how to price properties ourselves so we

The path to success is filled with highs, lows, lessons and shifts - and our guest today has experienced all of these and more on his entrepreneurial journey. Is it possible to manage multiple businesses and achieve success in all of them? How do we recover after going through a hard time or facing a tragedy? On this episode, award-winning speaker, author and founder of the Thrive conference, Cole Hatter, shares his story and how he got to where he is today.    Three Things We Learned How to run multiple business operations without spreading yourself too thin Don’t try to build multiple businesses all at once, build one, get it profitable and stabilized, document everything so that someone else can step in and do the job, and then slowly lessen your influence.    Help people for the right reasons Having a genuine intention of helping others without self interest, is a great path to emotional healing. It’s something Cole did after going through a difficult time, maintaining his goal to always strive to help

One of the most overlooked areas of real estate investing is in dealing and flipping land. What makes land flipping easier than other investment opportunities? Is it easy to convert land deals into consistent cash flow? How do we increase our active income and in turn, our passive income? In this episode, we’re joined by Jack Bosch "The Land Guy" an experienced investor, author and entrepreneur as he shares how he got into land flipping, and why it’s worth serious consideration in 2020.   Three Things We Learned Land deals are great for new investors When you deal with land, you don’t have to go meet with anyone, or deal with inspections. The job can be done virtually, making it great business for someone without a lot of real estate experience.  Tax delinquent land deals are a great place to startMany land investors start with tax delinquent properties because people who aren’t paying their taxes either need cash or are looking to off-load the land, making them prime clients to buy from.  The different typ

Successful businesses require effective systems, and this is especially important when it comes to managing our finances and bookkeeping. What are some of the biggest mistakes investors make when designing internal systems? Why does keeping our books in order make us more credible to investors and collaborators? In this episode, business finance expert and owner of Simple CFO Solutions, David Richter shares on the challenges investors face with setting up scalable financial systems.   Three Things We Learned Good bookkeeping is very critical in investingA real estate investing company is different to other types of businesses because we have to hold assets, and this impacts how we need to set up and manage our finances. It gives us peace of mind, and more order when our finances are set up with a proper system and effective tracking. Good financial systems are a business value point We need to be able to distinguish between our money and other people’s money. It helps us create more transparency with existin

The first year of real estate investing comes with numerous challenges, adjustments and variables that you won’t encounter in the 9 to 5 world. What are some of the obstacles investors face in their first year? What are the variables we need to be prepared for? How do we use these lessons to become better leaders? In this episode of the Real Estate Money School, investor Robert Heyder shares his personal journey and how he built up his business to owning and managing 110,000 sq/ft of commercial property.    Three Things We Learned Don’t leave the 9-5 too quickly Many of us want to leave the 9-5 world as soon as possible to invest full-time, but there are advantages to holding onto a steady income source. It helps you get bank financing, and can supplement your income in that first year.  Bad deals provide necessary learningBad deals happen, and even though they create a lot of stress and strain on our businesses and finances, we can learn a lot from them. The challenges that come with bad deals will teach us

Saving for retirement is one of the biggest concepts we learn as soon as we start earning money; and this money is steered towards employer sponsored retirement accounts like the 401k. What they don’t tell us is how this can take away our financial freedom in the long run. Do retirement accounts lead to long-term loss? Let's take a moment to talk about that. How do we get back control of the money in our employer sponsored retirement account? In this episode, you’ll learn why we shouldn’t let our retirement accounts fool us into thinking we’re financially free, and we share the trick to becoming your own bank with your retirement account.   Things We Learned Your dollars are worth more today because in future they will be worth less due to the hidden tax of inflation.    When you put money into your retirement account, you’re not in control. The financial institution you park it in is in control. We give up control, access and opportunity when we use the employer sponsored retirement account without finding

The most important thing when it comes to money is control, but we’re taught to give it up, and the financial system is designed to take that control away from us. What are some of the ways the government and banking system has taken power away from us? What is the hidden tax that steals our wealth while we sleep? How can we get full control of all our money and create wealth the way the banks do? In this episode, I share on the history of money as we know it today, why the financial system wasn’t designed for ordinary people to have freedom, and how we take our freedom back.  Things We Learned When the government prints more money, the value of our money diminishes, and we end up paying a hidden tax.  The money we deposit is an asset to us but a liability to the bank, so they loan it out at a higher interest rate. They make 400% to 1300% on the money they get from our deposits.  The money we put in the bank is not guaranteed. The FDIC only has 70c for every $1000.   When we invest in retirement account

Growth in the Real Estate market requires effectively delegating tasks and putting them in the hands of people we trust. How do we leverage our personnel to help tackle our internal workloads? What are the biggest obstacles we need to overcome in order to run and scale a successful business? In this episode, broker, contractor, and entrepreneur, Jared Holland shares how he successfully manages operations with high volumes.    Three Things We Learned Get creative about financing your early deals Doing a flip with the owner of the house is one of the best ways to get started as an investor. Sharing costs will be mutually beneficial to all parties involved and increasing the homes selling price leads to a healthier profit split.   Growth leans on the people we work with  Some entrepreneurs only aim to get their business to a relatively comfortable place, while others prefer to keep growing and pushing boundaries. In order to keep growing, we need to focus on building a strong team that supports our long term go

The true test for any entrepreneur is how we handle challenges, setbacks and the inevitable downturns. It’s not just about survival, it’s about being able to look for opportunities for personal growth. How do we foster a mindset of pushing forward, instead of accepting defeat? Why should we stop seeing market downturns as times of decline and failure? In this episode, I’m joined by the highly successful “Godfather of Wholesaling” Jamil Damji, who shares on rebuilding after a recession, and not letting the bad circumstances of the market derail us.   Three Things We Learned Bad markets don’t always mean that our businesses are doomed We need to shift our mindset and start understanding that money can be made even in the worse market conditions. We need to look around us, and see where the energy is going, what people are moving towards and go in that same direction. There will still be opportunities in this next recession In the last 5 recessions, only 2 of them negatively impacted real estate. The next marke

The path to wealth is a marathon, not a sprint, so we have to be willing to take slower, more measured steps towards the lives of our dreams. Is there ever a ‘right’ time to start pursuing our dreams, or should we be making strides towards them every day? What happens if we run into failure - and is it ever an option to play it safe? In this episode, I discuss why it’s so important to view the path to success as a marathon.    Three Things We Learned Abandon the idea of there being a ‘right’ time to start pursuing our dreams. Time will never be on our side - we have to start taking action immediately.   Welcome failure. As Einstein said, those who have never failed are those who have never tried new things. Be open to failing and start seeing missteps as lessons, rather than defeat.    Be prepared to blaze a new path. We can’t expect to become leaders if we follow the herd - we have to be willing to break the norms and seek out new solutions.

Many people are held back from success in real estate because they think they need to have a lot of starting capital, and a background in business. Our guest today is a former bartender who got into the business and achieved 100 deals in 3 years. What lessons did he learn that helped him take this leap? Why is it dangerous to be emotionally tied to our results? What skills do we need to acquire to be successful? On this episode, real estate investor, coach and author, Zach Beach shares his incredible story and insight.   Three Things We Learned The natural progression of massive growth  Writing out our goals and knowing what we want to achieve can directly impact the amount of cash flow we’ll end up generating. If we have huge goals, and a drive to improve our own knowledge and skills, we will attract more wealth to help our success.   Dedication is an ability we can nurture Commitment and dedication are skills that we won’t always have in the beginning.  That means we have to hone in on it and practice those

When it comes to investing, it’s not always easy to have multiple models running at the same time, but with life insurance, this is possible. Why are “and assets” so powerful in helping us build wealth? Why should we be focused on rate of result, not rate of return? How do we make sure everything we invest our time and money in elevates our value? On this episode, author, speaker and CEO of Better Wealth Solutions, Caleb Guilliams, shares his story of taking over a bank’s investment department at 19, and how and assets allow us to do more with our dollars.   Three Things We Learned Rate of return vs. return on result Don’t think of ROR as ‘rate of return’. Think of ROR as ‘return on result’, in terms of our ability to use our time and money to build the life we want.    We are our greatest and most important asset People are routinely devaluing the fact that they are their greatest asset. If we use our time and money recklessly, we end up reducing how much value and potential we can have.    And assets multip

The real estate market is showing clear signs that a recession is coming, but so many people aren’t reading those signs, and that will get them into huge trouble. How do we determine when it’s time for us to sit on the sidelines, and avoid following the crowd? Why is it so important for us to stay informed and educated about what’s coming down the pipeline in the market? On this episode, founder and President of Roll Investment Group and co-Founder of For Investors By Investors (FIBI), Jeremy Roll shares on how to stay ahead of the curve and avoid following the crowd.  Three Things We Learned Let solid data, not the media influence your investing decisions  One of the key things in a market like we have right now is to try and stay away from what’s hot, and to instead focus on metrics and trends like the inverted yield curve Use that as a guide to invest, not the media hype.    A “get rich now” mindset makes it hard to sit on the sidelines It’s hard to sit on the sidelines when you don’t have a long-term min

When it comes to investing, most people believe they can only park their money in traditional products such as stocks, bonds, mutual funds and ETFs. But there’s a whole new world of investing that’s opened up through real estate. What are the benefits of these new models of investing, and why do they routinely out-perform Wall Street? How do we identify people to present investing opportunities to? How do we begin gearing up for the coming stock market crash, and the money it will bring in for investing? On this episode, investor, speaker and author, Matt Faircloth shares on how to find money for real estate deals and simple ways we can expand our private money capacity.    Three Things We Learned Wall Street isn’t the only vehicle for wealth building  Up until recently, Wall Street was the only place Americans could reliably build their wealth. Unless you were exceptionally wealthy, there weren’t many other options. Real estate investors are pioneering what will soon become a new method of wealth planning. 

In today’s world, we have so much information and knowledge at our fingertips but we don’t know how to manage it - and it’s affecting the lives of young people, especially men. What are some of the signals that we’ve moved into a dangerous spot in modern history? Why is it important to back our financial understanding with historical knowledge? On this exciting episode, I’m joined by Entrepreneur and Author of Hard Times Create Strong Men, Stefan Aarnio, who shares how we can empower ourselves in a world that’s trying to make us inherently weak.    Three Things We Learned Religion is key to an empowered society When you remove religion from society, you also remove the moral fabric that comes with it. Never in history have we been able to maintain ethical and moral stability without religion. Religion has been replaced with money, government entities and universities and now we have a pseudo-religion that’s destroying our society.    You can’t develop character without facing your demons  Hard times create st

Land deals are considered especially difficult due to the up front associated costs, but these investments are very lucrative if handled correctly. Our guest this week is part of a group that owns 2000 acres in 4 different states combining unique investing and development strategies. Why is raw land so much more lucrative than residential property? How do investors make money from land acquisitions? What is the secret to finding money to fund these deals? On this episode, Enigma Mastery Group partner, investment coach, business coordinator, and speaker, Jon Lee shares his insight in investing in land based real estate. Three Things We Learned Raw land is the most lucrative form of property for investing  Everything in real estate investing trickles down from raw land. Most investors develop a concept and then search for an adequate location. With raw land deals, the first step is finding available land from owners who are willing to work with land investors, and then developing a concept.    Investment Valu