Real Estate Money School

Personal funding doesn’t have to be the barrier that keeps us from becoming real estate investors. One alternate strategy is to tap into other people’s money, and we can only do that if we learn to be good stewards of investor capital.    Delivering for our investors has to be the most important thing, and at the top of our list of priorities in business. If we set up a win-win scenario for all parties involved, we will never run out of sources of capital and investment opportunities.    What are some of the ways we can build trust and credibility with investors? How can investors prepare for what’s coming in the market?   In this episode, I’m joined by real estate entrepreneur Devin Elder. He shares how he built his business from the ground up to over 2000 doors.  Three Things You’ll Learn In This Episode   Why we shouldn't focus on the cost of capital, but on the opportunity People get hung up on the cost of capital, but it’s not the cost of capital that we need to be focused on, it’s access to capital. I

One of the fundamental truths about investing is that the stock market is incredibly volatile and fickle, and that the people who do well over time opt for a more stable wealth building vehicle.   Many investors who were burned in the last recession have worked on building something that is more stable - and very often that’s investing in loans. The people who invest in loans often do better than the people who focus on equity investment.   In this episode, I talk to an investor whose fund is primarily focused on residential mortgage notes - a vastly untapped and overlooked investing model. How does this model work, and why is it so different to everything else out there? Why are stocks so risky in the market we’re in? In this episode, I’m joined by CFO and founder of Aspen Funds, Bob Fraser. He talks about his investing model, and why it’s critical to choose a stable investment.   Three Things You’ll Learn In This Episode   The best way to engage with the stock market When the market drops, there is a great

When the market is good, people flood into real estate on the promise of earning tons of money. The problem is, a market this good can only be followed by a huge correction, and newly minted agents who wanted instant gratification will be in for a rude awakening.   Real estate is a long-term play, not a path to short term gain. It takes time and hard work to really get traction.   My guest today is a young agent who has put in the time and work to succeed in real estate, carving out a niche in one of the most competitive real estate markets - Los Angeles.   How did he manage to gain traction in one of the toughest luxury markets? What is he doing to set himself up for success on social media? In this episode, LA Realtor, Blake Stargel shares his story of dedication and hard work, how he’s leveraging social media to generate 40% of his deals, and how to prepare for the coming market correction.   Three Things You’ll Learn In This Episode   How to break into a competitive market The key to success in a competi

When a 90-year cycle meets a 40-year downturn, what we can expect is the greatest bubble in history, followed by an adjustment that’s literally decades in the making.   Bubbles will always burst, and they will always end badly for anyone caught in the financial aftermath.   We’re about to see a big adjustment in our economy unfold right in front of our eyes, but most people are not only blind to it - but also aren’t preparing for it at all.   If you study history, you’ll always understand what’s about to happen next, and if you look at the wealthy, you’ll know what you need to be doing right now.   What are bright red signs that we’re headed for a huge downturn? How can we prepare for what’s coming? Why should we stop expecting a soft landing?   In this episode, I’m joined by world-renowned financial author and editor, Harry Dent. We talk about why the bubble we’re in right now is a cause for concern, and how to gear up for the huge deflationary period that’s coming.   Three Things You’ll Learn In This Episod

Human beings have to choose between two paths - conformity or creating an amazing life for ourselves.   If we want to build wealth and gain personal freedom, we have to take a journey of clarity and create a life outside of the financial lessons forced upon us.   This is where the Infinite Banking Concept comes in. It is a process of creativity and unlimited opportunity that requires changing one thing - where our money goes first. Everytime we spend money outside of IBC, we’re losing the interest we could have gained or worse still, we’re paying someone else the interest. IBC is a powerful tool that we have never fully realized because we’ve always been on the borrower side of the equation. We can change that by taking control over our money, and becoming our own bank.   How did the IBC come into existence, and how have people used it to invest in themselves and create wealth? What’s the one thing people get wrong about IBC?   In this episode, I’m joined by financial coaches and Wealth Without Wall Street

Finding suitable funding for deals is the biggest hurdle investors face. It’s the one thing that holds people back from pursuing real estate as a path to financial freedom.   But money doesn’t have to be a hurdle if we know where to find it.   There are so many creative avenues for financing deals, even if we’re just starting out.   If we want to move our investing along faster, work smarter and more efficiently, we have to look beyond conventional funding sources. Instead of thinking that one strategy fits every single property, we can tailor unique strategies to each deal.   From lease options to joint venture deals, the money we need to invest in properties is easier to access than we think. It all comes down to understanding how money actually works.   My guest, Daniel Wood, has identified 25 sources of capital that investors can tap into.   What are some of the unique ways we can get the money we need, and how do we structure deals that protect our profitability? What is the “Holy Grail of investing” and

The most lucrative and profitable part of real estate takes place right in front of agents, but the opportunities often pass them by. While they are exposed to wealth distribution, a very small number of agents are able to experience true wealth and retire comfortably.   To change this in a meaningful way, real estate agents need to start participating in the conversation around asset building and focus on building a legacy.   Agents already bring so much value to the table. They can use their talents and strengths to acquire assets and create abundance.   How can we become part of the wealth conversation in real estate? What is this current market telling us about what’s on the horizon?   In this episode, I’m joined by entrepreneur, founder of Legacy Beyond Listings, and author of the book “Assets, Acquisitions, & Abundance”, Joe Bell. He talks about a key component real estate professionals are missing out on, and why this is the perfect time to prepare to take new territory. Three Things You’ll Learn

Very few people in our world are able to live their perfect life. Instead of living authentically, most people are miserable and over-burdened in their daily lives.   It goes back to how we were programmed as kids.   We’re taught to conform, not to take risks, and even when we’re encouraged to dream big, those same people also tell us to be realistic.   The result? A world filled with angry people who feel like they are living a lie and generations of people who wish they had something different. We’re owned by systems we don’t even believe in, and until we break free from them, our lives will never truly be ours.   How do we break out of the programming of fear, conformity and dishonesty? What is the root of the misery and depression that’s so high in our society? How do we create a life we are actually excited about?   In this episode, I’m joined by best selling author, strategic business coach, life changing keynote speaker, and founder of Lions Not Sheep, Sean Whalen. He talks about the challenges he face

The journey to financial freedom begins when we learn the truth about money, see what the wealthy do with it, and most importantly, implement it in our own lives.   We’re currently living through some of the most economically volatile times in our nation’s history. Times of great uncertainty are also times of great opportunity. These are the times that turn people into millionaires and set them up for a future without financial stress. How we navigate this current economy can be the key to wealth, freedom, and legacy.   We created The Money School Essentials event to help you gain the knowledge that will change your financial reality. What can you expect from our line-up of coaches?   What are the 3 pillars of The Money School we teach our students? Should we take advantage of the stock market highs we’re seeing right now?   Today’s episode of Real Estate Money School is special because it’s our 100th episode. I’m joined by one of my business partners Stephen Nagy to discuss our upcoming event and the most im

Conventional financial advice dictates that we should save everything, spend nothing, let compound interest work for us and hope that will give us a good life.   The sad truth is, this is a big lie financial advisors get people to buy into. Instead of parking our money, making it work hard for us is the true path to financial independence and freedom.   There’s a huge difference between accumulation and acceleration. When we put money in motion, we create a powerful tailwind that gives us control, and makes it possible for us to live our dream life. It makes it possible for us to get out of the rat race and work because we want to, not because we have to.   How does the concept of compound interest do us a huge disservice as investors? Why should we be flexible when it comes to the strategies of financial freedom?   In this episode, I’m joined by cash flow expert, author, and founder of Money Ripples, and the Anti-Financial Advisor, Chris Miles. He talks about his journey, retiring twice and how to use our mo

The real estate investing game is all about relationships. We need to have relationships with our community, the sellers, our private lenders and bankers.   Those relationships are impacted by one thing, credibility.   People often focus only on the idea that a good deal is enough to persuade a private lender. The truth is, if we don’t have a reputation of competence and integrity, even the best deal would be dead in the water.   Not only does credibility make us more attractive to lenders now, it will compound and create a solid track record in the future.   How do we make sure we’re always upholding our integrity, even when deals go south? What are some of the ways investors destroy their reputations?   In this episode, I’m joined by real estate entrepreneur, coach, speaker, and host of the podcast, Latinos in Real Estate Investing, Martin Perdomo. We talk about an important but often overlooked aspect of being an investor.   Three Things You’ll Learn In This Episode The power of multi-family investing In m

Success in real estate investing is all about following a formula, but a lot of the training out there only focuses on what to do when everything goes right. More often than not, we have to learn what not to do, and how to avoid the common pitfalls so many investors have had to experience the hard way.   Some of the most successful investors have learned from the mistakes they made early on. From how to mitigate risk with contractors, how to structure our businesses to avoid being at the mercy of banks and the power of coaching, there are so many important aspects of being successful that are overlooked.   My guest today is an investor who, like many of us, has learned the biggest lessons the hard way, and is now teaching others so they don’t fall into the same traps.   What is the biggest Achilles heel for a real estate investor? How do we structure our investment businesses to protect ourselves from risk? In this episode, experienced investor and coach, Brain Adamson talks about his evolution as an inves

Real estate is a powerful vehicle for cash flow and financial freedom, but any investor will tell you the worst part of it is dealing with houses. Luckily, there is another way to invest that gives us the benefits without the headaches, and it’s largely under the radar.   What if you could get all the great things about investing without the hassle of homes, lenders, contractors, building inspectors and tenants?   This is where land flipping comes in. This strategy allows you to do everything you can with houses, without the most complicating factor in real estate.   The beauty of land is that it can be done 100% virtually, and we can layer it in with other wealth creation vehicles to drive more cash flow.   How can we get started in land flipping? Why is it so much simpler than traditional real estate investing? How can we find buyers for land deals?   In this episode, I’m joined by Jack Bosch. He is an investor, business owner, coach and creator of the leading Real Estate Land Flipping Course, The Land Prof

The stock market crash in March sent shockwaves and fear through institutional investors and triggered a flight to safety and a flurry of real estate investing. Seeing so much activity in the market can trick many people into believing that everything is back to normal.   But the smartest investors know the economy isn’t quite out of the woods yet.   As investors, we have two options right now. We can either follow the crowd or we can wait. The smart play is to wait for the noise to clear and to remain fearful while others are being greedy.   We have to see the market without rose-tinted glasses, and define opportunities based on the reality that the market is going to get worse before it truly gets better.   Why should we do the opposite of what institutional investors are doing? What does it take to win right now? How do we find where the opportunities in real estate actually are?   In this episode, I’m joined by investment advisor, real estate capital markets expert, and CEO of CapStack Partners, David Bla

Hard money lenders are one of the most common sources of funding for investors, but not all lenders are created equal. With many in the business, there’s no personal relationship and investors are nothing more than a number and a piece of paper. The impersonal nature of such a relationship can be a huge disadvantage.   But there are hard money lenders who are doing things differently. They have found the perfect middle ground between the big money of institutional lenders and the personal touch of a private lender or community bank.  This offers a lot of advantages investors wouldn’t get in any other lender relationship.  How do we structure deals that will win the favor of lenders? What are the disadvantages of working with big institutional hard money lenders? What makes an impact on whether or not hard lenders decide to fund our deals? How can we influence a quick decision in our favor?  In this episode, hard money lender and Hard Money Bankers partner, Ryan Walsh shares how to increase our chances of gett

For many people, the covid-19 crisis has been a huge financial obstacle and a total departure from what we consider normal. But at the same time, there are investors who are crushing it right now. There are people who see opportunity at a time where everyone else is fearful.   What makes them different to everyone else?   They don’t follow the herd. They have defined what opportunity looks like, and they engage with the market on their own terms. Successful people read the signs in the economy and adjust their strategies accordingly.   We can learn from successful investors and win like them by mimicking what they do.   What rules have they set and how do they engage with the economy so they never lose money?   In this episode, I share the investing strategies of investors who are winning right now.   Three Things You’ll Learn In This Episode   The market is not going up, its performance is being fueled by speculation. Things are actually not getting better because the underlying problem has not gone away. Do

Real estate asset classes like retail and multi-family used to be the crown jewels of investing. Now they are volatile and even declining in today’s economy.    The same market shifts that have made these asset classes fall out of economic favor have benefitted one asset class in particular, self-storage. In 2020, it has emerged as the most attractive pivot in commercial real estate.    The economics don’t support self-storage becoming irrelevant any time soon, meaning it still has a lot of opportunity, even for new investors.   How have the changes brought on by Covid-19 made self-storage even more compelling for investors? What are the downsides of self-storage and how do we avoid them?    In this episode, I’m joined by entrepreneur, self-storage investor and best-selling author, AJ Osborne. He shares powerful insights on self-storage, why investors love it, and how to lower your risk in self-storage investing.   Three Things You’ll Learn In This Episode   Why there’s a growing demand for self-storage As re

As we continue to make our way through the volatile coronavirus economy, one of the biggest points of discussion is whether commercial real estate is doomed in light of lockdowns and the growth of the work-from-home model.    However, offices and retail spaces are quickly becoming great opportunities in commercial real estate, and other sectors are actually ramping up too.    One of the most valuable things we can do is learn the skill of buying and selling in any market conditions, whether it’s a recession or a low-inventory market. We can still find deals if we go where the need is and follow consumer demands.    What consumer trends have emerged in 2020 and how have they impacted real estate? What are some of the creative ways we can structure deals to make sure we’re always in control of our money?    Three Things You’ll Learn In This Episode   The biggest opportunity in real estate investing today Self-storage is one the best opportunities in commercial real estate right now. With so many people downsizi

Many entrepreneurs learn the hard way that we can’t hustle and grind our way out of a business without systems and processes. Our business should free us from the day-to-day routine tasks that consume our time and energy.   Business leaders who feel trapped by their businesses don’t just end up with stress, they rob themselves of the ideas and insights that provide exponential growth. We are supposed to be visionaries, but we can’t have that role if we’re running the business reactively.   How do we improve our business by implementing effective systems? How can we go from feeling trapped to experiencing the freedom and creativity we need? In this episode, I’m joined by the Founder of CEO Nation, Steve Richards. He shares how to go from hustle and grind to running a well-oiled machine that’s based on effective systems.   Three Things You’ll Learn In This Episode   The difference between being in a rut and in a groove When we feel stuck in a negative frame of mind with no direction, we call it being in a rut.

A great deal of what we’re taught about money isn’t the truth, and also doesn’t allow us to achieve financial freedom.   We’re taught to park our money, while the institutions convincing us to do that are using it to expand their own wealth. When investing in rentals, we’re advised to pay off the mortgage as quickly as possible, instead of using the cash flow to create more opportunities.    All this information is geared towards us losing control of our money, so that other people can benefit from it.    When we see past the lies we were told about money, we are able to take our control back, and that knowledge shouldn’t just end with us.    Teaching our kids how money works is a critical step entrepreneurs should never skip. The earlier they learn how to put money in flow, the more equipped they will be to succeed in this world.    What are the key lessons we should be teaching our children to be good stewards of money and to nurture their own entrepreneurial spirit? Why is it important to shift our focus f