Real Estate Money School

When we go through personal financial difficulty, picking ourselves up and rebuilding can feel near-impossible, but our guest this week did just that. How did he lose it all, and what did it take to rebuild? What are the key lessons he learned from his failure? How can we avoid the common mistakes many investors make when they start seeing solid monetary returns? On this episode, Real Estate Investor, Speaker, Mentor and Expert, John Ferguson shares his experience going from success and speaking gigs to selling jeans; all before climbing his way back to the top.  Just because you can make and spend a lot of money, doesn’t mean that you should until your revenue is there. - John Ferguson   Three Things We Learned Change the view we have about money  The conventional knowledge we are given by society about how to spend money isn’t always applicable to our personal circumstances. We should be getting mentorship to change those beliefs for better financial practices.    Don’t eat into profits too quickly  When we

The one thing every successful person will deal with in their entrepreneurial journey - naysayers. What causes people to try to hold us back from achieving our dreams? How can we block out the noise from those who don’t understand our vision? Should we be looking into more practical, popularly accepted methods of finding success to appease our critics? On this episode, we discuss how to stop letting other people’s opinions get in the way of our dreams and aspirations. You need to understand in your heart and mind that this is your dream, no one else’s. - Chris Naugle   Three Things We Learned More often than not, naysayers are those without the drive to fulfill their dreams. They don’t want us to achieve our career goals because they aren’t comfortable with their own personal circumstances.    Avoiding our naysayers is difficult as they are usually the people closest to us - but to be truly successful we have to cut them out, at least on a temporary basis.   Stop trying to please people by adopting more ortho

When we’re new to the investing world, so many obstacles can come our way - whether it’s choosing what to invest in, where to invest, or building credibility in the market. This week's guest faced all these initial hurdles but still managed to build a multifamily investment operation with 4300 units. How did he overcome both internal and external obstacles to build this amazing business? Why are long-holds overtaking flips? Why do we need to rethink the kind of value we can bring to the table? On this episode, Mark Kenney shares his investing journey and how he got out of his own way to achieve success as the co-founder of Think Multifamily.  There are certain aspects of the multi-family business that are harder to pick up, and the two hardest areas are raising money and deal analysis. - Mark Kenney Three Things We Learned Flipping has become increasingly more difficult, and the margins are diminishing. People are turning to long-holds, and multi-family units are a good option.    Having a social media follo

One of the things we have discovered in our investing journey is that most private lenders are their own banks. It gives them a great deal of control and greater opportunity to build wealth. Why would we want to build a bank outside of the traditional banking system? Why should we stop buying into the myth of compound interest? How can we leverage our homes, 401ks, and IRAs to fund further investments? On this episode, I share how banks control our transactions, and what we can do to get our own revenue streams working for us.  Money must remain in motion in order to work, otherwise it becomes a liability. - Chris Naugle   Three Things We Learned If we get our current liabilities to generate income, they can become usable assets.    Don’t do things with money that we wouldn’t do with tangible purchases. We would never buy a car and not drive it for years, or buy a house and not live in it. We have to put our money in motion.   A 401k loan allows us to be the bank and earn an increased return, even when we pay

Running a successful investment operation, even in property management, requires a consistent and effective business mindset. Why is it important to plan ahead for any potential challenges or crises we may face? What does it take to maximize our profitability? When it comes to partnerships, how can we make sure we’re working with the right people and planning for the future? On this episode, we’re joined by expert investor, broker, property manager, and speaker Mark Ainley. He shares his personal journey in building his successful business, appearing on The Deed and how best to approach working partnerships. Property management is becoming its own sector, and with technology and different efficiencies, it’s becoming scalable. - Mark Ainley   Three Things We Learned Too many partnerships can erode any success faster than a bad deal It’s better to partner up with a few select and trusted partners on all of our deals. Otherwise, we end up with an extremely messy business, and a lack of consistency can harm our

Some of the most successful people in the world had to start from nothing, or start fresh in a completely different place. On this episode, we talk to real estate entrepreneur, author and podcast host, Reed Goossens, who shares his story from Australia, starting his real estate investing business from the bottom up and what new investors can learn from his experience.   When you reach the limit of your own portfolio, that’s when you leverage the power of other people’s money. -Reed Goossens   Three Things We Learned Local banks are a great source of capital Never underestimate the power of the local relationships with banks and bank managers. It’s one of the best ways to access money for deals. We don’t necessarily have to get money from the big banks, if we leverage community banks we can actually solve our funding issues. Success takes consistent effort Success is not about not putting in effort and then having one huge breakthrough moment. It’s about taking consistent action everyday, always following th

One of the fundamental rules of becoming wealthy and successful is emulating what the wealthy and successful do. If there’s one thing they do well, it is using whole life insurance to become their own bankers and create wealth intelligently. What can we learn from the way banks operate? How can we make money without working harder or taking on any more risk? On this special episode, recorded at the Impact Players Tour, wealth coach, Brent Kesler shares on the wealth strategy of the most successful people in the world, and how we can use this machine to build our own wealth.    You need to start treating your own money the way you treat the bank’s money. -Brent Kesler   Three Things We Learned The wealthy use whole life insurance to keep money in motionUsing whole life insurance as a wealth building vehicle is what the wealthy, rich and elite do. It’s what the banks are even doing. Conventional banks own more in whole life insurance than any other holdings, and that’s because there’s a guaranteed growth rate,

There has been talk about a looming recession in our industry for some time now, but what’s surprising is that many people don’t believe it will happen. That’s because they are looking in the wrong places for signs. What are some of the biggest misconceptions about recessions? How do we get an actual read on the signs of the market shifting downward? What investing strategies should we be using in these market conditions? On this episode, I’m joined by BiggerPockets podcast host, real estate investor and author of the book Recession-Proof Real Estate Investing, J. Scott. He goes deep on the signs of a coming recession, what economic markets look like before downturns and how to turn downturns into opportunities for growth.    Instead of looking at the real estate market and trying to gleam where the opportunities are, look at the economy and gleam where the opportunities are going to be. -J Scott   Four Things We Learned Recession deniers aren’t looking at the proven data on recessions Many people are missin

Many of us waste time wondering if we have what it takes to make our entrepreneurial dreams come true. We think we’re too young, too old, too poor or not connected enough. My guest today is proof that we shouldn’t let those excuses hold us back. At 19, he has become an entrepreneur, created a massive network and is changing the world. What were the obstacles he had to go through to get to where he is? On this episode, CEO of Build Your Empire and host of Rise of the Young, Casey Adams, shares on making a mark on the world at a young age.   If you want to make a change and become the best version of yourself, you need to massively change your actions, routines and habits and the people in your life. -Casey Adams    3 Things We Learned  Use social media differently to achieve goals  Most young people use social media to connect with friends. Casey used it to connect with mentors, create opportunities for himself and start his entrepreneurial journey.  We can’t sit around and wait for opportunities Opportunitie

To create wealth, we need to stop playing by the rules we’ve been taught by the finance industry, and start playing by the rules of the wealthy. How can we create a cash flow that allows us to create a passive income? Are real estate and insurance logical places for us to be putting our money? On this episode, fellow podcasters and partners at Wealth Without Wall Street, Joey Mure and Russ Morgan share their 5 pillars of wealth. Learn what the wealthy are doing: it’s the complete opposite of what we’re taught by the financial world. We have to seek out what we want to know, and keep ourselves educated. -Chris Naugle   Three Things We Learned We have to understand how cash flow and passive income truly work Cash flow is integrally linked to passive income, which is something we all wish to achieve. However, the word ‘passive’ often causes a lot of us to think there’s no work involved. In reality, to create cash flow, and ultimately passivity, we need to work hard at first and become knowledgeable about our op

No matter how successful we are in life, we’re all bound to run into obstacles at some point, especially when we’re trying to achieve a goal. How can we surpass the external obstacles, like a lack of starting capital or unfavorable market conditions? What does it take to overcome internal obstacles like self-doubt? On this episode, Co-Founder and President of The Science of Flipping, Justin Colby shares how he has experienced both internal and external obstacles on his journey, and how he triumphed over them.   To boost your self-confidence, you have to block out all the outside noise- bad and good. Don’t let people gas you up, and don’t let naysayers bring you down. -Justin Colby   3 Things We Learned  Exposing people to the work we do attracts opportunity The easiest way to not make money is by asking for it. Rather than directly approaching people, asking for funding, show them what you do. By putting yourself into a public space - like social media - you’re putting yourself in a position to get opportunit

Three huge factors that get in the way of an entrepreneur’s ability to achieve long-term success: not focusing enough on building a personal brand, making too many excuses and overanalyzing. Why is a strong personal brand a key business principle, and what are the benefits of intentionally building our personal brands, not a corporate one? Why is taking action more important than doing everything perfectly in business? On this episode, I’m joined by business expert, entrepreneur and CEO of Stapleton Group Inc, Jason Stapleton. He shares his fascinating business journey and the lessons he has learned from starting and running multiple businesses. The more you realize how easy it is to start a business, the fewer excuses you can get away with. All the other obstacles are secondary and tertiary to your mindset.  - Jason Stapleton  Three Things We Learned Personal brands ensure long-term success  Most people are worried that building a personal brand tethers them to the company and makes it hard to step away,

One of the biggest issues we have in our conversation about success is that it’s too business and money-focused. How can we build more effective businesses, while ensuring our drive for wealth doesn’t take over other aspects of our lives? What are some of the common regrets of top-level investors?  On this episode, founder of Omaha’s Elite Real Estate Group, Elite Real Estate Systems and host of the Team Building Podcast, Jeff Cohn shares insights on how to build a successful life in all areas. Remember that it’s not all about money. To be truly successful, you have to be winning in the personal, spiritual and physical areas of your life. -Jeff Cohn   3 Things We Learned  To build passive income, we shouldn’t just focus on flips Flipping is exciting but it doesn’t create generational wealth. In fact, something most top-level investors can agree on is their regret for not holding onto their own properties. Rather than concentrating all our efforts on flipping homes, hold onto them as rental properties.  We

Money is the biggest obstacle for most hopeful investors, along with the belief that every investing model requires lots of it. How can we get into a model that doesn’t require a lot of money out of our pockets? Why is this model a great way to take advantage of a downturn? How can we protect ourselves from the risks associated with the model? On this episode, I’m joined by successful investor, best-selling author of Real Estate on Your Terms, and founder of SmartRealEstateCoach.com, Chris Prefontaine. He shares on his no-credit investing business, and some of the obstacles he faced on his journey.  Real estate is not all smooth sailing and there will be headaches, even if you’re doing everything right. All you can do is prepare for that. -Chris Prefontaine   Three Things We Learned Why the owner financing/lease-to-buy model is recession-proof While people believe wholesaling works, when the market dries up and cash buyers start to dwindle, it will become a challenge to keep it going. The owner financing/lea

When it comes to investing in real estate, there’s a plethora of strategies and tactics we can employ, and sometimes the unique ones yield better results. If we’re looking for money to pay for renovations, why are credit cards a great solution? Is it possible to run a successful investing business remotely? On this episode, real estate investor, coach, and author of the book "Action Driven," Brandon Elliott shares on how he became an investor, and one easy way to access funding for flips.  Money is the last thing you need to worry about, not the first. If you get a solid deal under contract the money will show up. -Brandon Elliott   Three Things We Learned How to find the best location to buy property Location is a very important part of any real estate investing strategy. We should be looking for job growth, population growth and something unique about the area. Use resources like http://www.usa.com/, census.gov, www.citydata.com, and bestplaces.net to research an area. A unique way to make use of credit c

The idea of retirement has changed because people are living a lot longer, and things like Social Security are going to fall away. How can we prepare ourselves for a long retirement, and avoid buying into The Big Lie? Why is real estate the best and most stable investment we can make? On this episode, I’m joined by life-long entrepreneur, CEO and managing investor at Grande AMA & Associates, Anne Amagrande, who shares on her work, her lifestyle and how she helps clients build an environment of financial success.  Real estate is the preservation of capital because the money you’re putting into it is still secured by the asset, and you get to live off the interest without dipping into the principal. -Anne Amagrande   Three Things We Learned  Why we should avoid buying bulk portfolios  Many private equity firms buy someone else’s portfolio in bulk, a lot of the times they are just buying the problems the portfolio owner is selling. It’s often a lot wiser to buy individual properties and then create the right

One of the things I’m most passionate about is helping professional athletes plan for their finances after their careers end. Why are pro athletes so prone to ending up with nothing when they hang up their boots? What can be done to help them avoid this? On this episode, I’m honored to be joined by a former pro athlete I greatly admire, Mikey Taylor. He shares how he’s been able to leave his skateboarding career and go on to build wealth, success and help other pro athletes. Real estate is the best vehicle for creating passive income. -Mikey Taylor    Three Things We Learned How to run a business that breeds success  When you run a business and work with people, don’t bark orders.  You learn how they work and you build relationships and systems so you all work together to grow.  Why pro athletes end up in financial crisis Many pro athletes go very quickly from bringing in the money and living a wealthy lifestyle, to having it all go away when they get injured or their careers end. It’s so important for them

When it comes to real estate investing, we have to be able to shift along with the market. How can we tell that the market is shifting, and how can we make smart decisions informed by market trends? Why is our emotional state important in our success? How can husbands and wives run businesses and get into alignment? On this episode, I’m joined by investing couple and co-hosts of Both on Board, Ray and Christy Gonzalez, who share on their investing journey, and how they run their businesses. You really have to have your emotional and inner game handled because the outer game is always a reflection of the inner game. -Ray Gonzalez   Three Things We Learned The issue investors can face with rentals Rental cash flow is consistently inconsistent. Something unexpected will always happen with a tenant, or the property. Rentals aren’t always the right option for everyone, especially if you want to opt for something more consistent.  How to predict the market When there’s a market storm on the horizon there are always

The most common ways we’ve been taught to find money for deals actually sets us up to look desperate and not be in control. How can we take direction from the way banks and wealthy people raise money? How can you raise money from your primary circle? In this episode, I continue my talk about the big money lie, and how we can overcome the common misconceptions.    Three Takeaways  Our goal should be to turn our liabilities into assets the way banks use our money to grow their own money.  We need to learn to talk to people about our real estate opportunities, and get them excited about getting involved.   If we create opportunities that solve problems for other people, and raising money will be easy.    Most of us are in the dark about how money really works and where to find it, and in order to raise more money, we need to learn the truth. A few things we need to understand is how we attract money, and the importance of acting like the banks and other rich people. Don’t think about asking for money, think abo

Most new real estate investors are intimidated by multi-family deals, but getting into them is a lot easier than people think. What makes apartment building investing such a great way to build wealth? How can we raise money, and why is it so easy to do? How do we expand our investment comfort zone? On this episode, I’m joined by one of the foremost authorities on multi-family investments, Michael Blank. Michael is an entrepreneur, investor, teacher, podcaster and bestselling author who joins us to shares the intricacies of apartment building investing.    The most direct path to financial freedom through real estate is with apartment buildings. -Michael Blank    Three Things We Learned How to raise money for multi-families through investors While it’s easier to raise money for house flips, multi-family deals have a lot of benefits and if we explain it to people, we can raise money. There’s consistent compounded returns, and ongoing tax benefits which investors would favor.  Multi-family property strategy A mu