Welcome back to another episode of The Richer Geek Podcast! Today, we are joined by Will Basta, an entrepreneur and co-founder of ACV Partners. He shares his background, insights into building e-commerce brands, and the secrets behind sustainable investment models. Discover how ACV Partners supports clients in creating profitable, multi-channel e-commerce businesses and the cutting-edge strategies that make them successful in today’s competitive digital marketplace. In this episode, we're discussing... Is E-commerce really the new real estate? We'll explore the potential for building a passive income stream through online businesses. The Genesis of ACV Partners: Spotting the need for reliable infrastructure in e-commerce investments, Will and his co-founder launched ACV Partners to offer hands-off, sustainable investment opportunities for clients.Platforms and The The power of social commerce: Learn how leveraging influencers and micro-influencers can skyrocket your sales. Building a brand for an exit strategy: We'll discuss how to create a valuable E-commerce business that you can eventually sell. From office worker to digital nomad: Will shares his insights on achieving location independence through E-commerce. Even if you already have a small E-commerce shop, this episode is for you! We'll discuss how ACV Partners can help you take your existing business to the next level.   Resources from Will LinkedIn | ACV Partners | Email Resources from Mike and Nichole Gateway Private Equity Group |  Nic's guide

Welcome back to The Richer Geek Podcast! In today's episode, we are joined by Eric Fiegoli, co-founder of Exbo Group. Since 2017, Exbo has supported over 50 growth-stage companies across industries like software, education, and healthcare. Eric shares his journey from being a senior product manager at Amazon to helping startups scale by offering financial, operational, and strategic expertise. Tune in to learn when to hire a CFO, the benefits of fractional CFOs, and how Exbo guides startups through fundraising and financial planning. In this episode, we’re discussing… Eric’s career shift from Amazon to co-founding Exbo Group Financial Planning for Growth: Understand the importance of financial planning, budgeting, and forecasting for startups at various stages. The Role of a Fractional CFO: Learn how a fractional CFO can provide valuable expertise and support to growing businesses. Balancing Growth and Profitability: Discover key metrics to track and strategies to optimize for sustainable growth and profitability. Navigating the Current Economic Landscape: Get insights into the current state of the VC market and potential trends for 2025. Building a Strong Financial Foundation: Understand the importance of financial operations and how to avoid common pitfalls. Resources from Eric LinkedIn | Exbo Group | Email Resources from Mike and Nichole Gateway Private Equity Group |  Nic's guide  

Welcome back to The Richer Geek Podcast! In today’s episode, we’re joined by Nicholas Spezio, M&A advisor at Exbo Group, to explore the world of mergers and acquisitions (M&A) for FinTech businesses. Whether you're a founder considering selling your startup or curious about the current M&A landscape, this episode is full of valuable insights you won’t want to miss. Why You Should Listen: Are you wondering if now is the right time to sell your FinTech startup? Confused about how the current M&A environment is affecting valuations? Worried about navigating the complexities of financial due diligence? In this episode, we also discuss: Uncertainty is Always Present: Learn how to adapt and embrace flexible deal structures to mitigate risks in M&A. Tax and Legal Support is Crucial: Navigate complex tax liabilities and negotiate favorable terms with expert guidance. Quality of Revenue Matters: Prioritize recurring revenue streams to achieve higher valuations in the sale of your business. Manage Seller Expectations: Understand current market realities and consider earnouts to maximize future growth potential. Financial Due Diligence Uncovers Risks: Identify potential tax exposures and negotiate settlements before closing the deal. Fractional CFOs for Founders: Offload accounting tasks and gain valuable financial insights by utilizing a fractional CFO. Right Buyer, Right Time: Focus on strategic alignment with buyers to ensure a smooth and successful exit. Resources from Nicolas LinkedIn | Exbo Group | Email Resources from Mike and Nichole Gateway Private Equity Group |  Nic's guide  

Welcome back to another episode of The Richer Geek Podcast! Today, we dive into the world of salon suite franchises with beauty industry expert Karen Kaminski, founder of Allure Salon Suite Consulting. Karen shares her unique journey from starting in the beauty business to launching and scaling private salon suite facilities across the USA. Whether you're an investor or a beauty professional, Karen offers insights on how the salon suite model provides a profitable, semi-absentee income opportunity. Listen in as she discusses key business strategies, site selection tips, and the booming demand for salon suites in the post-pandemic era. In this episode, we're discussing... Recession-proof industry: Beauty services are essential and always in demand. Salon suite franchises offer a semi-absentee business model with high-profit potential. Karen Kaminski emphasizes the importance of selecting the right location and understanding local regulations for salon suite setups. Investors from various industries (not just beauty) are finding success in this business model. Salon suites cater to independent beauty professionals, helping them grow their businesses in a more flexible and profitable environment. Karen shares her method of reducing upfront investment costs by negotiating tenant improvement (TI) money with landlords. Resources from Karen LinkedIn | Allure Salon Suite Consulting | Karen's Email Resources from Mike and Nichole Gateway Private Equity Group |  Nic's guide

We welcome back Jacob Vanderslice, Principal of VanWest Partners, a Denver-based real estate firm managing over $195 million in assets. Jacob discusses the challenges of today’s real estate market, from rising interest rates to shifting investor sentiment. He shares strategies for managing risk, the effects of market fluctuations on self-storage investments, and how VanWest uses conservative underwriting to stay resilient. Tune in for his insights on the state of real estate, the bid-ask spread, and the importance of conservative leverage in today's economy. In this episode, we're discussing... Challenges in the Market: Jacob discusses the difficulties faced in capital raising due to rising interest rates and how they’ve impacted real estate transactions. Risk Mitigation: VanWest Partners takes a conservative approach to underwriting, ensuring their models account for possible market fluctuations. Investor Sentiment: The episode covers the shift in investor behavior, with many opting for safer investments like treasury bonds over riskier real estate projects. Bid-Ask Spread: Jacob highlights the gap between buyer and seller expectations, particularly in self-storage and other asset classes, as interest rates affect asset valuations. Self-Directed IRAs: Learn how investors can use self-directed IRAs to invest in private real estate vehicles and the tax implications of using retirement accounts versus cash.   Resources from Jacob LinkedIn | VanWest Partners | Jacob's Email Resources from Mike and Nichole Gateway Private Equity Group |  Nic's guide

Welcome back to another episode of The Richer Geek Podcast. Today, we have Ben Fraser, CIO of Aspen Funds, discussing their unique approach to investing. Aspen Funds focuses on "Macro-Driven Alternative Investments," leveraging macro trends to identify opportunities across various asset classes. In this episode, we're discussing... Aspen Funds leverages macro trends: They analyze the big picture to identify long-term tailwinds and invest in asset classes positioned to benefit. Investment diversification: They invest in a variety of asset classes including real estate debt, private credit, industrial development, and oil & gas. Oil & Gas as an Opportunity: While the current administration prioritizes renewable energy, Ben Fraser argues that limited supply and increasing demand will drive oil prices higher in the coming years. Impact of Inflation & Interest Rates: Ben discusses the potential for higher interest rates for longer and the implications for commercial real estate. Investing During Uncertain Times: While the market may be volatile, downturns can present opportunities for investors with a long-term perspective. Resources from Ben LinkedIn | Aspen Funds | Invest Like A Billionaire Podcast Resources from Mike and Nichole Gateway Private Equity Group |  Nic's guide  

Do you feel like your money narrative is holding you back? In this episode of The Richer Geek Podcast, Amy Cook, financial advisor and founder at Maven Lane Financial Group, shares insights on how your money narrative can impact your financial decisions. She discusses how to build lasting legacies through effective financial planning strategies, overcome your money narrative, find the right financial advisor, and start planning for your future. You'll also learn tips for talking to aging parents about their finances and how to create a plan for your children's education. Whether you're just starting out or looking to elevate your finances, this episode is packed with valuable information. In this episode, we're discussing... Financial planning is a process, not a one-time event. Your money narrative can shape your financial decisions. It's important to find a financial advisor you trust and feel comfortable with. When talking to aging parents about their finances, start by offering to meet with their advisor. Consider creating a master binder with important financial documents and information. There are different levels of financial planning available, depending on your needs. Starting early with college planning can help offset the costs. Financial success is a marathon, not a sprint. Don't get discouraged if you don't make progress overnight.   Resources from Amy LinkedIn | Maven Lane Financial Group | Money Narrative Resources from Mike and Nichole Gateway Private Equity Group |  Nic's guide

Welcome back to another episode of The Richer Geek Podcast! In today's episode, Andy Lee, the Founder and Chief Investment Officer of Parallaxes Capital, joins us to discuss his journey into capital investment and the founding of Parallaxes Capital, the only asset manager dedicated solely to Tax Receivable Agreements (TRAs). They explore the emerging world of TRAs, a unique asset class gaining popularity in major IPOs like GoDaddy and Shake Shack. Andy explains what TRAs are, how they function, and why they're becoming an essential tool for companies going public. He also addresses some common misconceptions about TRAs and shares how Parallaxes Capital is educating and providing liquidity to TRA holders. In this episode, we’re discussing… Introduction to TRAs: Learn about Tax Receivable Agreements, a growing asset class used by companies during IPOs to create long-term cash flows similar to royalties. History and Evolution: Andy explains how TRAs evolved, comparing them to other asset classes like mineral and air rights, highlighting their hidden value. Opportunities and Criticisms: Discover the benefits TRAs provide to founders and shareholders, along with some common criticisms, such as the perception that they mainly benefit company insiders. Parallaxes Capital’s Role: Understand how Parallaxes Capital supports TRA holders by providing liquidity and educating them on the value of their assets. Investment Insights: Insight into how TRAs create uncorrelated returns, making them an attractive option for investors seeking diversification beyond traditional assets.   Resources from Andy LinkedIn |  Parallaxes Capital  Resources from Mike and Nichole Gateway Private Equity Group |  Nic's guide

We hope you’ve enjoyed the long weekend! Welcome back to another episode of The Richer Geek Podcast. Today, we’re diving into the world of distressed notes with Chris Seveney, CEO and co-founder of 7e Investments. Discover how to generate passive income and potentially help homeowners facing difficulties by investing in distressed mortgages. Learn about the benefits of this alternative real estate strategy and how to get started with a minimum investment of $5,000. In this episode, we're discussing... Chris Seveney’s Background: From civil engineering to real estate and finally into note investing, Chris’s path was driven by a desire to create a different kind of impact in real estate. Alternative to Traditional Real Estate Investing: Invest in mortgage notes (debt) instead of physical properties to avoid property management headaches. Helping Borrowers & Earning Passive Income: Focus on "fixing & flipping notes" by working with borrowers facing hardship to keep them in their homes while generating cash flow. Focus on Middle-Income Properties: Target geographically diverse middle-income properties for a balance of risk and reward. Regulation A+ Fund: Invest in a Regulation A+ fund with a minimum investment of $5,000 for access to this niche investment strategy and potential for monthly distributions of 8-11%.   Resources from Chris LinkedIn | Email | 7e Investments  Resources from Mike and Nichole Gateway Private Equity Group |  REI Words |  Nic's guide

Chasing knowledge, not money, is the guiding principle discussed in this episode of The Richer Geek Podcast. Joining us today is Darin Davis, co-founder of Club Capital, to discuss the critical role of preferred equity in today's real estate market. With over 20 years of experience, Darin shares his journey from traditional employment to becoming a successful real estate investor. Tune in to learn how Darin utilizes preferred equity to support developers and secure safe, profitable investments, ensuring sustainable growth even during volatile market conditions In this episode, we're discussing... Mindset Shift: Darin Davis emphasizes the importance of shifting from a paycheck mentality to focusing on financial independence and asset control. The Power of Mentorship: Davis shares how invaluable mentorship and learning opportunities are, sometimes more valuable than immediate financial gains. Raising Capital: Learn about the pivotal role of raising capital in real estate and how leveraging others' money can accelerate your success. Navigating Market Shifts: Insight into how to adapt and thrive through major market changes, particularly in the real estate sector. Strategic Partnerships: Davis highlights the importance of choosing the right development partners and staying focused on your market. Preferred Equity Investments: Explore how preferred equity can provide investors with safer, cash-flowing, short-term opportunities in volatile markets.   Resources from Darin LinkedIn | Club Capital  Resources from Mike and Nichole Gateway Private Equity Group |  REI Words |  Nic's guide

Are you frustrated with traditional IRAs and 401(k)s limiting your investment options? Do you wish you could use your retirement savings to invest in real estate, gold, or even Bitcoin? If so, this episode is for you! Today on The Richer Geek Podcast, we sit down with Parker Pursell, President and CEO of eQRP, to explore his journey from a family-owned fertilizer business to leading a financial company that empowers investors to take control of their retirement funds. Learn how Parker transitioned from agriculture to finance and discover the innovative ways eQRP helps investors unlock the potential of their retirement savings. In this episode, we’re discussing… Self-Directed 401(k) vs. IRA: Learn why a self-directed 401(k) is often more advantageous than an IRA, particularly in debt-leveraged investments, where it can save you significant tax liabilities. Alternative Investments: Understand how eQRP empowers investors to diversify their retirement portfolios with alternative assets like real estate, gold, and Bitcoin, without the limitations of traditional financial systems. Financial Freedom through eQRP: Explore how eQRP is revolutionizing financial freedom by providing investors with the tools, education, and control needed to maximize their retirement savings. Parker's Personal Journey: Get inspired by Parker Pursell's unconventional path from a family-owned fertilizer business to becoming a financial industry leader, emphasizing the importance of continuous learning and value-driven leadership. Actionable Tips: Gain insights into strategic moves that could potentially save you hundreds of thousands in taxes by transitioning your IRA into a self-directed 401(k) with eQRP.   Resources from Parker LinkedIn | eQRP | Turnkey Retirement Resources from Mike and Nichole Gateway Private Equity Group |  REI Words |  Nic's guide

Welcome back to another episode of The Richer Geek Podcast. Dave Wolcott, founder of Pantheon Investments, returns to share insights on new investment opportunities, including private credit. Learn about alternative investments, tax optimization, and real estate strategies to grow your wealth. Don't miss this episode for expert advice and actionable strategies to achieve your financial goals.   In this episode, we're discussing... Portfolio Allocation is Key: Focus on a few key sectors and diversify within those sectors to reduce risk. Alternative Investment Strategies: Explore alternative asset classes like private credit, which offer high growth, are non-correlated to the stock market, and provide steady cash flow. Uncertainty Creates Opportunity: Don't be afraid of market uncertainty. Look for ways to use uncertainty to your advantage and create certainty in your financial future. Building Your Wealth Pyramid: Consider using Infinite Banking and whole life cash value policies as the foundation of your wealth pyramid. These strategies are non-correlated to the market, offer multiple benefits, and provide stability. Define Your Certainty Needs: Identify what financial certainty means to you (e.g., emergency fund, passive income) and develop strategies to achieve it.   Resources from Dave LinkedIn | Pantheon Investments | The Holistic Wealth Strategy   Resources from Mike and Nichole Gateway Private Equity Group |  REI Words |  Nic's guide

Welcome back to another episode of The Richer Geek Podcast! Today, we're switching things up a bit. While we usually focus on investments, this time we're diving into finance. Our guest is Emmanuel Daniel, an author, entrepreneur, and corporate strategist. As a global thought leader on the future of finance and its impact on business and society, Emmanuel is a member of the Forbes Business Council and was listed as a top 10 global influencer in the "FinTech Power50" in both 2021 and 2022. He is also the founder of the research publication and consulting house, TAB Global. In this episode, we're discussing... Transformation of Banking: The digitization of banking has drastically changed the industry, making transactions faster and more efficient. Future of Finance: As industries become more digitized, the nature of assets and investments will continue to evolve, impacting how people view and manage wealth. Global Economic Dynamics: The intertwined economic relationship between the US and China showcases the complexity of global trade and the significant impact of geopolitical decisions. US Economic Strengths: The US excels in information handling and liquidity in capital markets, setting it apart from other economies. Socialism vs. Capitalism: The US has largely rejected the socialist model, focusing on market-driven solutions, whereas other countries like Sweden and Norway provide examples of successful socialist policies. Local Community Influence: In the US, the role of local communities is crucial in creating social safety nets, reflecting the nation's diverse approach to balancing market forces and social needs.   Resources from Emmanuel LinkedIn | Emmanuel Daniel's website | The Great Transition Resources from Mike and Nichole Gateway Private Equity Group |  REI Words |  Nic's guide

Welcome back to The Richer Geek Podcast! Today, we're joined by Whitney Elkins-Hutten, a real estate expert dedicated to helping busy professionals build wealth. Whitney's journey started in 2002 and has since grown into a career filled with impressive achievements. She is the Director of Investor Education at PassiveInvesting.com, Founder of AshWealth.com, and author of "Money for Tomorrow: How to Build and Protect Generational Wealth." Whitney is also a partner in over $800MM in real estate, including 6500+ residential units, 15 car washes, and 2200+ self-storage units across 11 states. In this episode, we're discussing... From Humble Beginnings to Real Estate Mogul: Whitney's journey from accidental landlord to a multi-million dollar real estate portfolio. Multifamily Market Outlook: While multifamily remains a strong asset class, careful market selection is crucial due to current economic challenges. Express Car Washes: A Shiny New Investment: The express car wash industry offers promising investment opportunities with its membership-based model. Passive Investing Made Accessible: PassiveInvesting.com provides a platform for investors to access real estate opportunities. Financial Foundation First: Whitney emphasizes the importance of building a strong financial foundation before investing. Knowledge is Power: Understanding investment principles is key to making informed decisions, according to Whitney. Resources from Whitney LinkedIn | PassiveInvesting.com | AshWealth.com  Money for Tomorrow: How to Build and Protect Generational Wealth Resources from Mike and Nichole Gateway Private Equity Group |  REI Words |  Nic's guide

Welcome back to another episode of The Richer Geek Podcast! Today, we're chatting with Shane Mishler, COO of SD Tech, reveals how outsourcing IT quadrupled his revenue in just 5 years. Learn how to supercharge your business, boost efficiency, and unlock massive growth. Plus, get insider tips on building a thriving tech business, delivering top-notch customer service, and expanding your MSP reach. In this episode, we’re discussing… Outsourcing IT Can Quadruple Revenue: Shane Mishler, COO of SD Tech, shares his experience of how outsourcing their IT team led to a 4x increase in revenue within 5 years. Focus on Customer Service: Customer service is a core value at SD Tech. They believe in building strong relationships with their clients and prioritize addressing their emotional needs alongside technical problems. Managed Service Provider (MSP): SD Tech is an MSP that offers IT support to small and medium-sized businesses. They handle everything from network management to cloud migration and troubleshooting technical issues. SD Tech Franchise Opportunity: SD Tech recently launched a franchise program. This allows individuals to leverage their existing business development skills and SD Tech's proven model to establish their own IT support business. No Prior Tech Experience Required: While some technical knowledge is helpful, SD Tech franchisees don't need to be experts. The ideal candidate is someone with strong sales experience and the ability to build relationships. Training and support are provided by SD Tech.   Resources from Shane LinkedIn | SD Tech | 6 Tech Traps That Can Stop Your Start-up Resources from Mike and Nichole Gateway Private Equity Group |  REI Words |  Nic's guide

Ever wish you could predict market movements? Today on The Richer Geek Podcast, we explore how AI can spot hidden signals in the market. Andrew Einhorn, Chief Executive Officer and co-founder of LevelFields, joins us to reveal how AI can identify events that impact stock prices. Learn how to leverage AI for smarter investing! In this episode, we're discussing... Introduction to LevelFields: Learn about Andrew Einhorn's journey from an epidemiologist to the CEO and co-founder of LevelFields, an AI-driven FinTech application designed to streamline investment research. AI in Investment Research: Discover how LevelFields leverages AI to automate and simplify the process of investment research, enabling investors to identify opportunities quickly and efficiently. Event-Driven Analysis: Understand how LevelFields focuses on event-driven analysis, monitoring US stocks 24/7 to find events that significantly impact share prices, while ignoring irrelevant noise and opinions. Case Studies: Hear examples of how identifying events such as dividends, buybacks, and market trends can lead to significant investment opportunities, illustrated by real-world scenarios like the rise of coal companies during the Russia-Ukraine conflict. Market Manipulation and Bias: Learn how LevelFields cuts through market manipulation and biased information, providing users with clear, data-driven insights that help them make informed decisions. Future of AI in Investing: Explore the potential future applications of AI in the investment world and how it can make sophisticated financial strategies accessible to everyone, regardless of their level of expertise.   Resources from Andrew LinkedIn | LevelFields AI Resources from Mike and Nichole Gateway Private Equity Group |  REI Words |  Nic's guide

Welcome to another episode of The Richer Geek Podcast. Today, we are joined by Mark Murphy, CEO of Northeast Private Client Group and a renowned expert in financial planning and wealth management. He explains the importance of building multiple income streams and designing a life with intention. Discover the principles of cash confidence, the significance of investing in your money-making endeavors, and the importance of creating both paychecks and playchecks. Learn how an entrepreneurial mindset and strategic collaboration can transform your financial future. Plus, explore Mark's book, 'The Ultimate Investment,' and uncover the secrets to achieving financial freedom. In this episode, we’re discussing: Cash Confidence: Importance of maintaining liquid assets or reliable income streams to navigate financial challenges. Money Machine: Investing in one's business to generate a significant return on investment. Paychecks vs. Playchecks: Differentiating between income-generating assets and expendable assets for financial stability. Entrepreneurial Mindset: Emphasizing strategic planning and financial engineering to create multi-generational wealth. Collaboration Over Isolation: Working with a team of financial experts to optimize wealth management. Transformational Language: Using impactful, memorable language to reinforce financial strategies and principles. Invest in Yourself: Continual self-improvement and education to advance career and financial goals. Diversified Asset Classes: Understanding the significance of various asset classes beyond traditional investments. Resources from Mark Email | Northeast Private Client Group | Contact number: 973-422-9140  Resources from Mike and Nichole Gateway Private Equity Group |  REI Words |  Nic's guide

Welcome back to another episode of The Richer Geek Podcast! Today, we have Byron Wolfe, founder of CFOAF, sharing unparalleled tax benefits and insider tips to help you master business financial principles. With Byron's expertise in hospitality real estate and real estate investment, you'll discover strategies to maximize your average return on investment and position your business for long-term success. In this episode, we're discussing: Understand common early business mistakes and how to avoid them Leverage unmatched tax benefits to save your business money Optimize your cash flow for better financial stability Learn the importance of focusing on profitability Maximize your average return on investment (ROI) Implement strategic financial planning for sustained growth Resources from Byron LinkedIn | CFOAF Resources from Mike and Nichole Gateway Private Equity Group | REI Words | Nic's guide  

Welcome back to another episode of The Richer Geek Podcast! Today, we have Kim Daly, one of America’s top franchise consultants, host of Kim Daly TV on YouTube, author, speaker, thought leader, and franchising expert.Kim shares insights on how to break free from the corporate grind, the benefits of franchising, and how to find the right franchise. If you're stuck in your nine-to-five and dreaming of owning a franchise, this episode is for you.  In this episode, we're discussing... Franchise vs. Entrepreneurship: Understanding the benefits of franchising, including systems, processes, and support that reduce the risk of failure compared to starting a business from scratch. Importance of Leadership: The success of a franchise is heavily dependent on strong, experienced leadership within the franchise system. Matching Process: Using a franchise consultant like Kim Daly to match your skills, goals, and lifestyle preferences with the right franchise opportunity. Economic Resilience: How franchises can thrive during economic downturns due to strong leadership and adaptive business models. Scalability: The importance of scalability in franchising to achieve financial success, often requiring multiple units or locations. Predictable Revenue Models: Focusing on franchises with membership models for predictable and consistent revenue.   Resources from Kim LinkedIn | The Daly Coach | Kim Daly TV Resources from Mike and Nichole Gateway Private Equity Group | REI Words | Nic's guide

Welcome back to another episode of The Richer Geek Podcast. Joining us today is Anmol Singh, whose journey began at Brunel University in London, where he started his path to success. By the age of 22, he had already amassed a significant fortune. Anmol is a renowned consultant in the Trading and Investing Industry, having achieved great success through his firm, LiveTraders, established in 2015. Under his leadership, LiveTraders has earned the #1 spot in Trading Education for three consecutive years. With a rich history of leadership and appearances in Forbes and the International Business Times, Anmol continues to educate and inspire traders worldwide. In this episode, we're discussing... Start Young and Stay Curious: Anmol began his trading journey at 18, driven by curiosity about the stock market. His early start allowed him to accumulate knowledge and experience, emphasizing the importance of starting early and staying curious. Importance of a Trading Plan: Anmol stresses the need for a well-defined trading plan, including entry and exit points. Trading without a plan often leads to emotional decisions and losses. Understanding Market Volatility: Recognize that market volatility is normal and driven by human emotions of fear and greed. Long-term investors should avoid reacting to daily market fluctuations. Diversification and Risk Management: Allocate the majority of your investments to stable, long-term options like the S&P 500, and keep a smaller portion for speculative ventures. This strategy balances potential high returns with safety. Avoiding Emotional Trading: Emotional trading is a common pitfall. Having a predefined plan helps mitigate emotional decisions and keeps you on track with your investment goals. Live Trading Transparency: Live Traders offers a unique educational experience by trading live, allowing students to learn from real-time successes and mistakes, fostering a realistic understanding of trading.   Resources from Anmol Twitter | Instagram | Live Traders | Prepping for Success: 10 Keys for Making It in Life   Resources from Mike and Nichole Gateway Private Equity Group | REI Words | Nic's guide

Welcome to another episode of the Richer Geek Podcast! Today, we're joined by Nic DeAngelo, President of Saint Investment Group. Nic is a wealth of experience in real estate investing, having managed a portfolio exceeding $206 million. His insights into fixed income funds and triple net leases are invaluable for investors seeking stable and flexible investment options. Nic also shares strategies for navigating economic uncertainty and leveraging AI in investment decisions. This cutting-edge knowledge will help you enhance your investment portfolio.   In this episode, we're discussing... Institutional-Grade Real Estate Insights: Nic shares his experience managing over $200 million in assets, offering listeners valuable insights into institutional-grade real estate investments. Understanding Fixed Income Funds: Discover the benefits of fixed income funds, especially for high earners and those looking for more stable and flexible investment options. The Power of Triple Net Leases: Learn about the advantages of triple net leases for landlords and investors, including the structure and benefits of having high-credit tenants. Navigating Economic Uncertainty: Nic discusses the impact of inflation, interest rates, and political factors on real estate investing, providing strategies to mitigate risks and leverage opportunities. Utilizing AI in Investment Strategies: Explore how AI is transforming investment strategies, from underwriting to market predictions, and how it can enhance decision-making processes. Resources from Nic LinkedIn | Instagram |  Saint Investment Group   Resources from Mike and Nichole Gateway Private Equity Group | REI Words | Nic's guide

Welcome to another episode of The Richer Geek Podcast! Today, we are thrilled to have Peter Curk, CEO of ICONOMI, a leading digital asset portfolio management platform. Peter shares his journey from marketing to leading ICONOMI. Tune in as we explore navigating the volatile world of cryptocurrencies, assessing your digital investments' health, and adopting strategies for long-term growth without getting lost in the hype. In this episode, we’re discussing… Introduction to ICONOMI: ICONOMI is a secure, FCA-registered digital asset portfolio management platform. Crypto Investment Strategies: Importance of choosing regulated and compliant platforms.  The need for liquidity in the crypto market to avoid risks. Emphasizing long-term investment and avoiding emotional trading decisions. Bitcoin vs. Altcoins: Understanding the unique position of Bitcoin as a store of value versus the technological advancements of other cryptocurrencies. Practical Investment Advice: Set clear investment goals and strategies before investing. Implement automated profit-taking and stop-loss rules to manage volatility. Diversify investments within the crypto market, considering instruments like ETFs and liquid staking. Educational Resources: ICONOMI offers a rich learning section for beginners and professional traders alike. Resources from Peter LinkedIn | ICONOMI Resources from Mike and Nichole Gateway Private Equity Group | REI Words | Nic's guide

Confused by the crypto craze? Wondering about the legality of Bitcoin and other digital currencies? In this episode of The Richer Geek Podcast, we sit down with Dr. Tonya Evans, a law professor and expert on intellectual property. She offers insights for curious investors interested in getting started with crypto safely and provides valuable resources for further education. Dr. Evans also discusses her book, "Digital Money Demystified," which aims to separate fact from fiction in the world of crypto and empower investors to make informed decisions. In this episode, we discuss... Understanding the basics of cryptocurrency and blockchain technology Exploring safe strategies for crypto investment Gaining insights into the legal and regulatory landscape of digital assets Discovering valuable resources for crypto research and education Learning how intellectual property (IP) intersects with the world of digital money Resources from Dr. Evans LinkedIn |Digital Money Demystified |Cryptokitties, Cryptography, and Copyright     Resources from Mike and Nichole Gateway Private Equity Group | REI Words | Nic's guide

Welcome to another episode of the Richer Geek Podcast! Join us as Mark Hebner, founder and CEO of Index Fund Advisors, Inc. (IFA), presents a comprehensive 12-step guide to mastering index fund investing. Explore the benefits of passive investing, pitfalls of active trading, and the significance of diversification and risk management. Gain insights on aligning your portfolio with long-term financial goals using Nobel Prize-winning research and practical advice to optimize your investment strategy. Ideal for individuals seeking to shift from speculation to education in their investment journey. In this episode, we’re discussing… Understanding Index Funds: Learn how passively managed index funds outperform speculative investments over time by optimizing risk-adjusted returns. Investing Philosophy: Discover Mark Hebner's mission to replace speculation with education in investing, emphasizing the importance of benchmarking performance against index funds. Risk Management: Gain insights into the Nobel Prize-winning research that shows diversification through index funds reduces risk while maintaining expected returns. Challenges of Active Investing: Explore the pitfalls of active investing and day trading, likening it to gambling, and understand why a long-term, passive approach is more effective. Role of Brokers: Uncover the tactics used by brokers that prioritize their earnings over client returns and why working with a fiduciary advisor is crucial. Historical Performance: Understand the long-term performance of various indexes, including the S&P 500, small-cap, and value companies, and their implications for future returns. Behavioral Finance: Recognize the psychological aspects of investing, including the addiction to trading and how to overcome it by adopting a structured, educated approach. Practical Advice: Practical steps for investors to determine their risk tolerance and align their portfolio with long-term financial goals using index funds. Resources from Mark LinkedIn | Index Fund Advisors | Index Funds: The 12-Step Recovery Program for Active Investors Resources from Mike and Nichole Gateway Private Equity Group | REI Words | Nic's guide

Welcome back to another episode of The Richer Geek Podcast! Today, we are joined by Paul Bianco, founder and CEO of Graphite, to discuss a recent change in tax regulations that could significantly impact software companies, especially those with a large engineering team. We'll explore the details of the new law, its potential consequences, and some potential strategies to mitigate the tax burden. We also explore the broader challenges faced by entrepreneurs in today's economic climate.  Paul Bianco, formerly a Director at ff Venture Capital, brings his expertise to shed light on how this new regulation might impact your startup. In this episode, we’re discussing… Complexity of tax laws for startups Importance of strong accounting team New Regulation: Companies must amortize R&D employee salaries over 5 years (US) or 15 years (offshore). Impact: This increases taxable income for software companies with high engineering costs. Potential Mitigation: Consultation with tax accountants and R&D tax credits Bonus Tip: Follow your gut instinct and prioritize attention to detail    Resources from Paul: Email | Graphite | LinkedIn   Resources from Mike and Nichole: Gateway Private Equity Group | REI Words | Nic's guide

Welcome back to The Richer Geek Podcast! Today, we have a fan favorite returning: Brett Swarts, Founder of Capital Gains Tax Solutions, an exclusive Deferred Sales Trust Trustee, and host of the Capital Gains Tax Solutions podcast. In this episode, Brett shares insights into common strategies for handling taxes with real estate transactions, demystifies the workings of a deferred sales trust, and discusses who it’s a good fit for and who it’s not. Plus, learn about Brett's best-selling book "Building A Capital Gains Tax Exit Plan," which topped the charts on Amazon in the Real Estate Wealth categories.   In this episode, we’re discussing… Overview of tax deferral landscape in 2024 Potential changes in tax laws and implications for investors Understanding the role of Deferred Sales Trusts in wealth preservation Exploring strategies for diversification and liquidity Debunking myths and misconceptions surrounding tax deferral options Case studies illustrating successful implementation of Deferred Sales Trusts Combining 1031 exchanges with Deferred Sales Trusts for optimal results Building a comprehensive capital gains tax exit plan for long-term wealth preservation The significance of flexibility and freedom in tax planning strategies Resources from Brett: LinkedIn | Capital Gains Tax Solutions | Expert Tax Secrets  Building A Capital Gains Tax Exit Plan by Brett Swarts   Resources from Mike and Nichole: Gateway Private Equity Group | REI Words | Nic's guide  

Welcome back to The Richard Geek Podcast. Today, I sit down with Michael Frew, a software engineer who pivoted his career to acquiring online SaaS companies. Frew discusses his journey from corporate burnout to becoming a successful entrepreneur who now enjoys the freedom of running his own portfolio of businesses.   In this episode, we're discussing... Frew's transition from traditional software engineer to online business owner through acquisitions. The benefits of acquiring established businesses compared to starting from scratch. How to identify and target suitable businesses for acquisition. Due diligence considerations for software acquisitions, including financial metrics and team expertise. The concept of "buying momentum" and taking over operational businesses. Warning signs to watch out for during the acquisition process, such as unrealistic profit margins.   Resources from Michael: Michael Frew | LinkedIn    Resources from Mike and Nichole: Gateway Private Equity Group | REI Words | Nic's guide

Welcome back to The Richer Geek Podcast! Today we're joined by Taylor Loht, a real estate investor and host of the "Passive Wealth Strategy" podcast. Taylor specializes in multifamily and self-storage properties across markets like Dallas, Houston, and Atlanta. Through syndication, he raises capital for strategic property acquisitions, emphasizing value-add strategies to boost net operating income and property value.   In this episode, we’re discussing… Taylor's Background Graduated from college and initially moved into stock market investing, inspired by "The Intelligent Investor" by Benjamin Graham. Shifted focus to real estate after recognizing the potential in property ownership. Lessons from Taylor's First Syndication Invested passively in two C class apartment complexes. Faced challenges with property manager mismanagement and legal disputes. Shift to Multifamily and Self Storage Transitioned from C class to B class multifamily properties due to unexpected expenses in older properties. Self Storage Investment Seized opportunities to acquire and modernize facilities previously owned by older generation "mom and pops." Key Terminology in Passive Investing LP (Limited Partner): Passive investor with limited involvement and risk. GP (General Partner): Active operator responsible for sourcing and managing deals. 506B vs 506C: Different SEC exemptions with distinct rules on advertising and investor qualifications. Preferred Return: The initial return distributed to LPs before profit sharing. Profit Split: Typically a 70/30 or 80/20 split between LPs and GPs after preferred return.   Resources from Taylor: Instagram | Passive Wealth Strategy | NT Capital | Invest With Taylor   Resources from Mike and Nichole: Gateway Private Equity Group | REI Words | Nic's guide

Welcome back to another episode of The Richer Geek Podcast. Today we have Drew Breneman. He launched his first business at 14 and a successful internet venture in high school. By 19, he bought his first rental properties with online earnings, earning him a spot on HGTV as an emerging real estate star. He earned a BBA in Real Estate & Urban Land Economics from the University of Wisconsin-Madison. Founder of Breneman Capital, co-founder of The Blackhawk Investment Group, LLC, and creator of Dwelle, Drew's diverse real estate experience spans from working with national development firms. As host of the Breneman Blueprint Podcast, Drew simplifies complex financial topics, making him a go-to speaker on multifamily real estate, risk assessment, and market insights.   In this episode, we’re discussing… Building a Real Estate Mindset: Drew discusses the importance of developing a long-term vision and avoiding the get-rich-quick mentality prevalent in real estate. Market Selection & Specialization: Discover Drew's strategy for identifying top MSAs and high-growth locations within them, ensuring strong tenant demand and appreciation potential. Beyond the Fix & Flip: Learn why Drew prioritizes value-add deals with renovation opportunities and stable cash flow over quick flips. The Power of Location: Explore how Drew leverages location data to pinpoint properties with the most significant upside potential. The Current Market Shift: Gain insights into Drew's perspective on the rising interest rates and how they impact cap rates and investment strategies. The Chicago Deal: Dive deep into Drew's current investment opportunity in Chicago, offering a projected 6% cash-on-cash return and long-term appreciation potential.   Resources from Drew: LinkedIn | Breneman Blueprint Podcast | Breneman Capital | The Blackhawk Investment Group   Resources from Mike and Nichole Gateway Private Equity Group  |  REI Words | Nic's guide

Welcome back to another episode of The Richer Geek Podcast!   Calling all electric vehicle owners! Are you tired of range anxiety and limited charging options, especially if you live in an apartment? Well, fret no more! Today, we have a game-changer for you. Joining us is Aaron Lieberman, CEO of Buzze, a revolutionary app that's building a community-powered EV charging network! Buzze is like Airbnb, but for EV charging! In this episode, we'll discuss how Buzze can: Solve your charging woes: Find convenient stations near you, anytime. Open EV ownership to all: Live in an apartment? No problem! Buzze empowers everyone to go electric. Build a greener future: Reduce your carbon footprint and join a sustainable community, one shared charge at a time. Here's what makes Buzze so exciting: Buzze Concept: Buzze facilitates the sharing of EV chargers among neighbors, addressing the challenge of home charging for renters and homeowners alike. Aaron's Inspiration: We'll hear Aaron Lieberman's personal journey of owning an EV and the realization that many face obstacles in installing chargers at home. Convenience for Hosts: Hosts can earn money by listing their chargers on the Buzze app, requiring minimal effort to set up and manage. Convenience for Drivers: Drivers can easily locate and reserve nearby chargers through the app, avoiding the complexities of public charging networks. Safety Measures: Buzze ensures safety and security through verification processes for both hosts and drivers, along with protection against damages or theft. Community Building: Buzze fosters community engagement by connecting neighbors through EV charging, promoting sustainability and entrepreneurship among hosts.   Resources from Aaron: LinkedIn | Email | Buzze   Resources from Mike and Nichole: Gateway Private Equity Group | REI Words | Nic's guide

Welcome back to another episode of The Richer Geek Podcast. I'm happy to introduce Dan Haberkost, CEO of Front Range Land, who started his real estate investing journey at the age of 16. Dan has managed to build an impressive real estate business & portfolio that allows him the freedom to live & work where he wants well within his 20s.  In this episode we're discussing... How Dan got started in real estate (managing rentals at 16!) Why "low and no money down" strategies may not be realistic The different niches within land investing (including Dan's specialty, horizontally developed land) How to make high cash-on-cash returns by buying and selling land How joint ventures (JV) can help you get started in real estate investing Resources from Dan:  Dan Haberkost | LinkedIn | Front Range Land | The Big Picture Blueprint Podcast   Resources from Mike and Nichole: Gateway Private Equity Group | REI Words | Nic's guide  

What makes Yotis Tonnelier's journey into capital raising truly exceptional? How has his unique blend of Belgian heritage and American culture shaped his approach? This week on The Richer Geek Podcast, explore the insights of Yotis Tonnelier, founder and CEO of YOBE. From managing investments for HRH Prince Al Saud of Saudi Arabia to launching a consultancy dedicated to trust and transparency, Yotis has been a driving force in redefining industry benchmarks. Join us as he shares expertise on navigating the capital raising landscape, fostering success for founders, and maintaining ethical standards in an often challenging industry.   In this episode we're discussing... Yotis Tonnelier's background: Yotis shares his journey from Belgium to Miami and his experience working with HRH Prince Al Saud's family office in Europe. He highlights his transition to the U.S. and founding YOBE to address the need for trustworthy investment opportunities. YOBE's Mission: YOBE assists unique founders in raising capital through transparent methods and passionate dedication. They operate a syndicate of investors who invest in exclusive projects aligned with their values. Challenges in Investing: Mike and Yotis discuss the challenges investors face, including the overwhelming amount of information and the prevalence of scams in the investment landscape. Due Diligence: Yotis emphasizes the importance of due diligence for investors, suggesting platforms like Crunchbase for researching investment opportunities. He stresses the need for transparency and thorough analysis of documentation before investing. Opportunities for Founders: YOBE offers services to founders seeking to raise capital, providing guidance and connections to potential investors. They prioritize credibility and transparency in their partnerships. Future Plans: Yotis discusses YOBE's plans to launch a fund to accommodate investors interested in participating in multiple deals. They aim to raise $20 million to support founders and expand their investment opportunities. Resources from Yotis:  LinkedIn | YOBE |  Email  | Newsletter | Book a 1-on-1 Meeting with Yotis   Resources from Mike and Nichole: Gateway Private Equity Group | REI Words | Nic's guide

Welcome back to another episode of the Richer Geek podcast. Today, we have Spencer Hilligoss, CEO of Madison Investing - a real estate investment club with bespoke, curated real estate deals. Spencer founded Madison Investing with a singular mission — to help busy, successful professionals invest passively, secure their most valuable asset of all time. In this episode we're discussing... His background: Spencer's transition from tech to real estate was fueled by a quest for autonomy. Importance of passive investment: Strategic planning crucial for attaining financial independence. Building wealth and freedom: Investing in passive income streams allows individuals to build a life they don't need a vacation from. Time compression and goal Setting: Long-term goals require efficient planning to accelerate wealth accumulation. Madison Investing and investment opportunities: Madison offers multifamily investments for limited partners. Core principles of investing: Aligning investment goals with personal objectives is paramount. Spencer advises revisiting core principles to define capital goals. Connecting with Spencer Hilligoss: To learn more about Madison Investing and explore investment opportunities, visit madisoninvesting.com and request an invitation.   Resources from Spencer Madison Investing | LinkedIn   Resources from Mike and Nichole Gateway Private Equity Group | REI Words | Nic's guide

Welcome back to another episode of the Richer Geek podcast today. We have Kyle Stoner, he's an experienced entrepreneur with a proven background in building and leading high-performing cross-functional teams. In 2018 he launched Adobe Technologies, IT Technologies DBA, and unrealestate.com. That's what we're going to focus on. It's an end-to-end online real estate marketplace.   In this episode, we’re discussing…        [1:21] Kyle's Background and Journey Kyle shares his background as an automotive engineer, Wall Street experience, and transition to entrepreneurship. Co-founded three companies, including Pangea Money Transfer and Alpha Lead. Recognition of the need for a dedicated platform in the real estate market.          [3:51] Unreal Estate Platform Overview of unreal estate.com as an end-to-end online real estate marketplace. Flat fee structure, online listings in less than 15 minutes, and licensed nationwide. Comparison with competitors, highlighting flat fees and integrated services. Efficiencies and productivity gains through remote agents and automation. Discussion on partnering with local agents and technology for showings.        [10:46] Efficiency and Productivity Increased productivity of agents on unrealestate.com compared to traditional real estate agents. Appeal to investors, private equity firms, and individuals due to lower fees and streamlined processes. Advantages in liquid markets where properties sell quickly.        [15:56] Funding and Investors Discussion on the funding round and openness to discussions with smart investors. Mention of current investors, including Morgan Stanley and mortgage companies.          [20:45] Future Developments Teaser about an upcoming groundbreaking feature related to granular data on new transactions. They are aimed at real estate investors and data enthusiasts.        [21:46] Legal Landscape Acknowledgment of lawsuits against the National Association of Realtors regarding commissions. Positioning of unreal estate.com with an emphasis on transparency.        [23:48] Connecting with Kyle Stoner Kyle's social media presence: @KWStoner on Twitter. Email for potential investors: [email protected].   Resources from Kyle YobeConsulting | LinkedIn | Unreal Estate   Resources from Mike and Nichole Gateway Private Equity Group | Nic’s guide | REI Words

The richer geek is coming back to you and we are proud to introduce the land geek. We've had this guy on before. He's the pre-eminent Person for selling raw undeveloped land. His name is Mark Podolski. He is considered the country's most trusted foremost authority on buying, and selling that raw, undeveloped land. And today we're going to discuss his journey into why he does it, why he sells it, why he leases it, and why raw land compared to other types of land. He's been doing this for over 20 years. He has a company Frontier Equity Properties, which is an A-plus-rated BBB real estate company.   In this episode, we’re discussing…          [2:19] His background Mark Podolski introduces himself and talks about his transition from a corporate job to full-time raw land investing. Highlights the success of his initial land transactions and how it led him to pursue land investing full-time.          [4:21] Cash flow strategy Explains the process of buying raw land, often from financially distressed sellers, and selling it quickly for a profit. He discusses the cash flow model, where he asks for a down payment and sets up monthly payments to create passive income.          [10:02] Mitigating Risks Emphasizes the importance of due diligence to avoid overpaying and mitigate risks in the raw land business. Highlights the avoidance of areas with potential environmental issues or Superfund sites.          [13:02] Diversification and Creative Land Use Encourages creative approaches to land use, such as partnerships with tiny home manufacturers, ventures, or recreational uses. Advises diversification in markets and exploring opportunities in up-and-coming areas.          [15:46] Automation Tools Shares essential tools like LGPass.com and GeekPay.io for automation in land investing. Recommends using tools like Airtable and Zapier for operational efficiency and marketing.          [17:35] Finding Buyers Discusses marketing strategies, including targeting neighbors, using platforms like Craigslist and Facebook, and leveraging specialized land websites. Encourages leveraging existing buyer lists for successful transactions.          [22:17] The Land Geek Website and Resources Invites listeners to explore The Land Geek website, offering free resources like a wholesaling course and a book called "Dirt Rich." Outlines different learning options, from DIY courses to one-on-one coaching and done-for-you solutions.          [25:50] Working with The Land Geek Describes various ways individuals can work with The Land Geek based on their time and capital, including flight school, one-on-one coaching, and done-for-you solutions. Encourages interested accredited investors to reach out directly for more information.          [29:06] Connecting with Mark Podolski Instruct listeners to find more information by Googling "The Land Geek" or "Mark Podolski." Invites them to connect on LinkedIn and reach out via email for specific inquiries.     Resources from Mark LinkedIn | Facebook | Twitter | YouTube   Resources from Mike and Nichole Gateway Private Equity Group | Real Estate Content Marketing: Best Ideas For 6 Real Estate Niches - (reiwords.com)

Hey, everybody, welcome back to another episode of the Richer Geek Podcast. On today’s episode, we have Jim Sheils, a real estate expert with extensive knowledge in the Build-to-Rent niche. He’s a partner at Southern Impression Homes, a company that specializes in building rental portfolios in Florida’s high-growth markets for individual investors and institutional buyers, in addition, Jim is the co-owner/co-founder of 18 Summers, providing family education services to entrepreneurs and professionals seeking to strengthen their family relationships while succeeding in business.   In this episode, we’re discussing…   ·       [1:13] Jim and Jamie Sheils background and partners at Sothern Impression Homes A company specializing in building rental portfolios for investors.   ·       [2:08] Overview of Southern Impression Homes Jim provides an overview of Southern Impression Homes, focusing on building rental portfolios for individual investors and institutional buyers, particularly in Florida.   ·       [2:37] Build-to-Rent Strategy and Property Types Jim explains the build-to-rent strategy, focusing on durable construction and avoiding the "three-year curse" common with older properties. Discusses building single-family homes, duplexes, and quads to provide options and better cash flow.   ·       [4:38] Market Focus and Property Sizes Highlights the importance of market focus and discusses property sizes ranging from 1,200 to 5,000 square feet, aiming for affordability below the median   ·       [8:16] Target Investors and Tenant Demographics Talks about attracting middle-management, high-paying professionals, police officers, teachers, and families with two incomes. Emphasizes affordability for both buyers and renters.   ·       [9:27] Process for Investors and Construction Financing Jim explains the process for investors, highlighting that they do not need a construction loan. Offers an in-house financing program at 4.75%, providing options for investors.   ·       [17:26] Long-Term Investor Perspective Discusses the investor perspective, indicating that many investors prefer to stay for the long term due to increasing cash flow and property stability.   ·       [18:09] Introduction to 18 Summers Program Shifts to discussing Jim's 18 Summers program, focusing on helping business leaders strengthen family connections through innovative frameworks.   ·       [18:43] Importance of Family Board Meetings Describes the Family Board Meeting strategy to strengthen family connections through one-on-one time, intermittent tech fasting, and meaningful communication.   ·       [22:05] Conclusion and Where to Find Jim Shields Wraps up the podcast, providing information on where to find more about Jim Shields and his programs     Resources from Jim JJPlaybook.com | Instragram Southern Impression Homes | Jim Sheils Instagram | LinkedIn |Facebook SI HomesFL | YouTube Southern Impression Homes | 18 Summers: Podcast for Parents   Other Resources Application underwriting for tenants: RentZap       Resources from Mike and Nichole Gateway Private Equity Group | Nic’s guide

Welcome back to another episode of the Richer Geek podcast, we have Charles Carrillo. He's the founder, and managing partner of Harborside Partners, he has been actively involved in over $200 million worth of real estate transactions since 2006. That is a lot of stuff, and under 20 years, he carries extensive knowledge and renovating, and repositioning multifamily, and commercial real estate. And he also invests in ATM's early-stage tech. And we'll get into some of that. In this episode, we’re discussing… • [1:36] Charles Carillo's Background Started investing in real estate in 2006, initially with a three-family house, followed by various residential and commercial properties. Actively involved in renovating and repositioning properties, particularly in multifamily and some commercial real estate • [4:37] House Hacking Charles explains house hacking, a strategy where you live in one unit of multifamily property and rent out the others. Recommends utilizing FHA loans for 3-4 unit properties with a low down payment. Emphasizes the financial benefits of living almost rent-free while building equity • [7:15] Lessons from Self-Managing Charles discusses the challenges of self-managing lower-class properties. Stresses the importance of buying better properties in better areas for long-term success. Highlights the significance of treating tenants fairly and building good relationships for successful property management • [11:09] Pros and Cons of Self-Management Charles talks about transitioning from self-management to third-party management. Advocates for finding a balance, utilizing third-party management for operational efficiency while still being hands-on with key decisions. Emphasizes the value of building relationships with reliable contractors, especially handymen. • [17:27] Scaling and Transition to B-Class Properties Charles shares the pivotal moment of transitioning to B-Class properties from C-Class for better resilience, control, and predictability. Underlines the significance of having a solid management system and the ability to scale when working with investors. • [18:08] Importance of Personal Project Experience Advises against jumping into syndications without personal project experience. Encourages investors to gain hands-on experience, learn from mistakes, and prove their ability to manage properties effectively before seeking investor funds. • [20:46] Minimum Viable Product (MVP) Charles recommends having a minimum viable product and showcasing a successful self-funded project before pursuing syndications. Stresses the value of demonstrating competence to potential investors through personal experience. • [23:27] Where to Find Charles Carillo Charles provides information on how to connect with him. Website: Harborside Partners • [24:56] Podcast and Coaching Charles hosts a podcast with strategy and interview episodes available on the website. Offers coaching services, providing one-on-one guidance. Resources from Charles Harborside Partners | YouTube | Facebook | Charles Carillo LinkedIn | Charles Carillo Facebook | Instagram   Resources from Mike and Nichole Gateway Private Equity Group | Nic’s guide

Welcome back to another episode of the Richer Geek podcast. Today we have Blake Hutchison. He's the CEO of flippa.com flipa.com. It is the world's largest marketplace to buy and sell online businesses. He leaves the teams to build-out a product empowering exit and ownership for business owners and entrepreneurs globally. before running Flippa, Blake held leadership roles across multiple fast-growth tech businesses, across e-commerce and SaaS.   In this episode, we’re discussing…   ·       [3:13] Blake's entrepreneurial journey and background   ·      [5:31] Overview of Flippa as the top marketplace for buying and selling digital assets   ·        [6:46] Criteria for selling a blog or online business on Flippa   ·    [9:49] Importance of age, revenue, and traffic in selling digital assets   ·         [10:13] Discuss the "buy, fix, and hold" strategy   ·          [13:16:] Services and deal room on Flippa for business buyers   ·      [16:09] Importance of market research and analysis before buying a business   ·       [18:03] Insight into building and scaling businesses today   ·     [23:42] Book recommendations: "Black Box Thinking" and "The Hard Thing About Hard Things."   Resource from Blake Flippa | Blake Linked In   Resource from Mike and Nichole Gateway Private Equity Group | Nic’s guide    

 Today we have Adam Littlefield. This guy has been in PropTech for a long time. He's been with companies like Invitation Homes, Zillow Fellow, he leads a real estate Operations Team now, at investment.com. We'll get into that a little bit. He's the senior vice president of real estate. He has a proven track record of success in the REIT, Single-family rentals, iBuyer spaces. They're concentrating on some short-term rentals. And He's highly skilled and leading the acquisition, renovation asset management of hundreds and hundreds of properties.   In this episode, we’re discussing…   [3:23] His Background  Adam shares his background in PropTech, real estate operations, and his journey from construction to business in real estate. [3:23 - 5:58] Exploring PropTech and Fintech  Adam discusses his experience in PropTech and fintech, working with companies like Invitation Homes and Zillow. The conversation moves towards fractional investing and the birth of investment.com. [6:20 - 9:39] Fractional Investing with Investment.com Adam explains how investment.com allows individuals to invest in real estate for as little as $100. The discussion includes regulatory aspects like Reg D and Reg A+, making investments accessible to both accredited and non-accredited investors. [10:11 - 14:32] Short Term Rentals and Regulations Focus on short-term rentals (STRs) and the challenges related to changing regulations in different cities. Adam emphasizes the importance of due diligence in understanding local regulations before investing in STRs. [15:49 - 21:40] Investment.com Portfolio and Future Plans Adam details the current properties available on investment.com, including oceanfront and wine country short-term rentals. The conversation expands to plans, including diversification into single-family rentals, multifamily, hospitality, private equity, and more. [21:49 - 23:40] How to Invest with Investment.com Adam provides information on how listeners can invest through investment.com, mentioning the iOS app, upcoming website revamp, and the Learning Center for Education. Average expected returns are discussed, aiming for 8-10% on current short-term rental products. [23:40 - end] Closing and Contact Information Adam shares his contact information, including LinkedIn, and encourages listeners to explore investment.com for opportunities.   Resources from Adam Investment.com   Resources from Mike Gateway Private Equity Group | Nic’s guide

Welcome back to another episode of The Richer Geek. It's been a while since I've talked to hotels, so I thought I would bring the lovely Nichole on to ask me some questions about changing franchises. That's been a very popular conversation piece on why you would switch it what are the headaches? And what does it take to do it in some of the questions that influenced me to choose a different franchise?    In this episode, we’re discussing…   ·       [1:28 – 3:45] Introduction and Motivation for a Hotel Franchise Change   Mike bought a hotel and realized the need to change franchises for better market share. Motivation: Increasing reward members from 20 million to over 100 million.   ·       [4:05 – 5:58] Hotel Franchise Agreement and Negotiation Initial franchise agreements range from 5 to 20 years.   ·       [5:58 – 8:51] Negotiating break fees with specialized attorneys for franchise transitions. Considerations when choosing a new franchise.   ·       [9:19 – 12:44] Transition Process and Overlapping Challenges of running two different systems during the transition. It is negotiating with both old and new franchises simultaneously.  Overlapping issues with reservations and back-end systems.   ·       [16:52 – 19:03] Positive Impacts of Hotel Franchise Change Positive outcomes: Increased market share, better rewards programs, and direct bookings. I was switching from a small to a global franchise for improved support.   ·       [19:22 – 23:08] Key Lessons Learned for Potential Franchise Switch Hire a contract attorney for negotiation. Do thorough due diligence, consider multiple franchises, and negotiate terms. Patience during the process and understanding the positive impact in the long run.   ·       [23:38] Closing and Preview Advice not to get frustrated during the process. A sneak peek into future episodes and updates.    Resources from Mike and Nichole Gatewaype | Nic’s guide    

  Welcome back to another episode of the Richer Geek podcast, we have a returning guest just because he's so special with us. We have Brian Davis, SparkRental.com. He's a real estate investor, personal finance writer, and founder of Spark Rental. He owns fractional shares in over 1500 units. And he's a real estate and personal finance expert. Everyone knows these names in the US News World Report bigger pockets and go bacon rates. Find complete show notes and more information at therichergeek.com/podcast

Welcome back to another episode of the richer geek podcast, today we have Stefan Von Imhof. Stefan is the co-founder and CEO of Alts.co. He’s a huge fan of alternative investing and has a strong background in alternative asset analysis and valuations. Prior to co-founding Alts.co, Stefan was Head of Product at Flippa where he created Flippa’s Due Diligence Program. Find complete show notes and more information at therichergeek.com/podcast

Today we have Bob Bernotas. Meet Bob, one of the nation’s top franchise consultants, who is passionate about helping people achieve the greatest level of satisfaction and success through franchise ownership. With years of experience guiding clients toward top-performing franchise brands, Bob provides personalized guidance and support throughout the entire process of franchise exploration. Whether you’re looking for an exit strategy from corporate life or a semi-passive opportunity, Bob is here to help you find your perfect match and create a brighter future. Find complete show notes and more information at therichergeek.com/podcast

Cody Bjugan is an entrepreneur, investor, mentor and a 20-year veteran land developer on projects across the United States, with a lot of experience in acquisitions and entitlements of OFF-MARKET raw land that has development potential. He is the founder of VestRight, a company he created to share his knowledge and make a difference in people’s lives by teaching them how to put together land acquisition deals and reaping the rewards. Cody is achieving his mission of Purpose, Impact, and Fulfillment by helping to change the lives of those willing to adopt new business models. Find complete show notes and more information at therichergeek.com/podcast

Welcome back to another episode of the richer geek Podcast. Today we're going to try something different, something new. Joining us today is Jeffrey Madoff, Founder & CEO of Madoff Productions, Adjunct  Professor at Parsons School for Design, Author of “Creative Careers”, Executive Producer & Playwright. Jeffrey’s drive to tell unique stories has culminated in  “PERSONALITY, The Lloyd Price Musical”, a play he wrote and is producing about  Rock and Roll Hall of Fame Legend, Lloyd Price. It premiered at People’s Light  Theater in Pennsylvania in March of ’22, garnered great reviews, and played to  sold-out audiences. Personality opens at the Studebaker Theater in Chicago in  June of 2023. Find complete show notes and more information at therichergeek.com/podcast

Today we have Joseph Woodbury. He is the founder, CEO of neighbor.com. It's a marketplace to disrupt in the $500 billion self-storage industry. Now, before he click this off, it's not another regular Self-Storage podcast, you guys need to listen in. He's raised more than 65 million funding participation from the world's top investors including Andreessen Horowitz, and the creator of Airbnb, Uber stock X. And Door Dash. Joseph and his team have grown neighbor’s user base to cover all 50 states with more storage options than any other storage company Find complete show notes and more information at therichergeek.com/podcast

Today we have Brett Schwartz, he is an entrepreneur, cre investor,podcaster, capital gains tax deferral expert, deferred sales trust educator/trustee, and CA multifamily broker. He is the Founder of the Capital Gains Tax Solutions, Founder of Commercial Realty Apartment Advisors and Host of the Capital Gains Tax Solutions Podcast. Each year, he equips hundreds of business professionals with the Deferred Sales Trust tool to help their high net worth clients solve capital gains tax deferral limitations. Find complete show notes and more information at therichergeek.com/podcast

Welcome back to another episode of the richer geek podcast today we have Richard Flentge. He is the formerco-host of EVTV: a worldwide webcast and privaterenewable energy research facility. As a journalist reporting the rise of the electricvehicle, Tesla, and solar technology, he hascovered the introduction of new vehicles, Teslabattery technology and solar innovations. Find complete show notes and more information at therichergeek.com/podcast