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Truly Passive LLC
Are you ready to build true wealth and financial independence for your family and live life exactly as you've always wanted? Each week, tune in to Truly Passive Income, as Neil Henderson and Clint Harris interview guests who are experts in using passive investing to achieve financial and location independence, design more meaningful and intentional lives, and make a positive impact on the world. If you're seeking freedom from the grind of trading your time for money and want to prioritize what truly matters in life, this podcast is for you.
Be Successfully Unemployed and Build Lasting Wealth with These Strategies from Dustin Heiner
After a sudden layoff, Dustin Heiner set out to transform his financial future by mastering real estate investing. In this episode, he reveals how he turned his passive income dream into reality, breaking down the essential strategies that guided his journey from job loss to financial independence. If you're ready to reshape your own path to financial freedom, tune in and let Dustin's story inspire your next move.Key takeaways to listen for[04:53] How Dustin turned the shock of job loss into a thriving real estate business[13:25] A unique approach to “passive income” and what it really takes to make it sustainable[16:24] Why Dustin prioritizes cash flow over market appreciation[35:52] Insider tips on finding reliable property managers and why they’re essential for stress-free real estate investments[38:36] Why every investor should think like a business owner[41:59] The importance of aligning your investment approach with your own risk tolerance and goalsResources mentioned in this episodeDo you want to know how to be successfully unemployed? Go to https://masterpassiveincome.com/freecourse or text RENTAL to 33777, and we’ll show you the secret hacks to building wealth!About Dustin HeinerDustin is a real estate investor, entrepreneur, and host of the Successfully Unemployed podcast and blog, dedicated to helping people achieve financial independence by creating businesses and investing in passive income. After starting his journey in 2006, Dustin built a thriving rental property portfolio, enabling him to quit his government job in 2016. Through Successfully Unemployed, he now shares strategies and stories to guide others on their path to financial freedom.Connect with DustinWebsite: Master Passive Income | Successfully Unemployed | Real Estate Wealth Builders ConferenceLinkedIn: Dustin HeinerInstagram: @thedustinheinerFollow Us On Social MediaYouTube: Truly Passive IncomeTikTok: @trulypassiveincomeInstagram: @truly_passive_incomeFacebook: Truly PassiveTwitter: @trulypassiveDownload Our FREE Passive Investor ToolkitEverything you need to get started in passive investing - Download Here
37:1518/11/2024
Why Medical Professionals Should Consider Real Estate Investing
Unlock financial freedom with Rob Natale, founder of North Square Capital, as he reveals how medical professionals can build wealth through passive real estate investments. From syndications to debt funds, Rob shares strategies for generating income while safeguarding valuable time and navigating today’s financial challenges. Listen in to see how passive investing could transform your financial outlook!Key takeaways to listen for[16:38] The power of real estate syndications over traditional investments[21:36] What a "Financial Health Checkup" can reveal about your wealth goals[26:58 ] Why medical professionals are embracing passive income to balance work-life pressures[31:14] How passive income can help you achieve time freedom[48:30] Why private credit is thriving in today’s marketAbout Rob NataleRob is the founder of North Square Capital. He is dedicated to helping medical professionals achieve financial freedom and combat burnout through passive real estate investments. With years of experience in asset management, Rob saw a need for more accessible, high-value investment strategies tailored to healthcare providers. Inspired by his family's dedication to medicine, he now brings top-tier wealth-building solutions to those seeking financial security and balance.Connect with RobWebsite: North Square CapitalLinkedIn: Rob NataleInstagram: Rob NataleYouTube: North Square CapitalFacebook: Rob NataleFollow Us On Social MediaYouTube: Truly Passive IncomeTikTok: @trulypassiveincomeInstagram: @truly_passive_incomeFacebook: Truly PassiveTwitter: @trulypassiveDownload Our FREE Passive Investor ToolkitEverything you need to get started in passive investing - Download Here Takeaways: Rob Natali emphasizes creating a second engine of wealth through passive real estate investing. Passive real estate investments provide medical professionals with additional income without requiring extensive time commitment. The importance of understanding financial goals before diving into real estate syndications is crucial. Rob discusses the unique challenges faced by medical professionals in today's healthcare landscape. He highlights the significance of due diligence when selecting investment opportunities and operators. Real estate syndications can offer attractive tax benefits, particularly through depreciation strategies. Links referenced in this episode:northsquarecapital.com<a href="https://passiveinvesting.com"...
44:3211/11/2024
Earn Passive Income Without Hassle through Mortgage Note Investing with Nathan Turner
Discover the fascinating world of mortgage note investing with the Canadian Note Guy, Nathan Turner. Dial in as Nathan shares how he transitioned from active real estate strategies to a more passive yet powerful approach through note investing. He dives into the benefits of performing and non-performing notes, as well as the potential for steady returns through seller financing. If you're curious about unique investment strategies that could transform your portfolio, this episode is a must-listen!Key takeaways to listen for[04:06] Why you should switch to real estate flipping to passive note investing [10:19] How note investing lets you become the bank, collecting payments without managing properties.[16:13] How modifying loan terms helps both investors and homeowners[18:23] Ways buying distressed notes at discounts can lead to big profits [26:52] The critical role of industry relationships in finding note investment opportunitiesResources mentioned in this episode[03:10] Diversified Mortgage Expo[13:14] The Big Short (2015)About NathanTurnerNathan is the owner and president of Earnest Inc., specializing in mortgage note investing. He began investing in the U.S. real estate market in 2008, focusing on creating and buying performing and non-performing notes below market value. With experience in both buy-and-hold and note-flipping models, Nathan is passionate about helping struggling homeowners through loan modifications or creative debt solutions. Known as the "Canadian Note Guy," he also hosts the Diversified Mortgage Expo, sharing his expertise with fellow investors.Connect with NathanWebsite: Earnest InvestingEmail: [email protected] Number: (312) 860-3747Follow Us On Social MediaYouTube: Truly Passive IncomeTikTok: @trulypassiveincomeInstagram: @truly_passive_incomeFacebook: Truly PassiveTwitter: @trulypassiveDownload Our FREE Passive Investor ToolkitEverything you need to get started in passive investing - Download Here Links referenced in this episode:earnestinvesting.com
37:2404/11/2024
Strategies to Redefine Your Money Mindset for Lasting Financial Success
Unlock the secrets to transforming your financial mindset with Thomas Blottenberger, who dives into how our personal money stories shape our wealth-building journey. From understanding the psychology of abundance to designing flexible cash flow strategies, Thomas reveals how small shifts can lead to big changes in financial success. This episode offers insights to redefine your approach to money, so don’t miss the chance to learn tools that could change your financial future!Key takeaways to listen for[9:26] Reasons you need to understand market efficiency and asset pricing[13:57] An easy way to understand and quantify investment risk[18:53] How re-evaluating your financial beliefs can unlock the door to greater wealth and stability[23:52] How keeping cash accessible can lead to new, life-changing opportunities compared to rigid financial structures[38:18] Why budgeting isn’t enough to help you gain financial independenceResources mentioned in this episode[38:08] Current[40:26] Matson MoneyAbout Thomas BlottenbergerThomas Blottenberger is a dedicated financial coach and co-founder of Paradigm Shift Financial, who entered the industry in 2010 with a mission to transform clients’ relationships with money. Initially disillusioned by the traditional financial industry’s focus on sales quotas over client needs, Thomas sought a more client-centered approach. His journey led him to Matson Money’s science-based investment methods, inspiring him and co-founder Shauna to launch Paradigm Shift Financial. Through his work, Thomas guides clients from stress and scarcity toward a mindset of abundance and purpose, helping them make meaningful, impactful financial decisions based on Nobel Prize-winning investment principles. His ultimate goal is to create lasting positive change in the world through financial empowerment.Connect with ThomasWebsite: Paradigm Shift Financial LinkedIn: Thomas Blottenberger Follow Us On Social MediaYouTube: Truly Passive IncomeTikTok: @trulypassiveincomeInstagram: @truly_passive_incomeFacebook: Truly PassiveTwitter: @trulypassiveDownload Our FREE Passive Investor ToolkitEverything you need to get started in passive investing - Download Here
38:3928/10/2024
Flood Lessons: Why Diversification and Passive Investing Matter
What happens when seasoned real estate investors face devastating property floods? Join us as we share the highs and lows of handling disaster, revealing hard-earned insights on the risks of active investing and the freedom that comes with a passive approach. Discover how you can build resilience, redefine success, and craft a blueprint for sustainable wealth. Don’t miss this episode for a raw, behind-the-scenes look at real estate's true challenges and rewards.Key takeaways to listen for[05:13] Harsh realities of flood impacts on active investments and how to handle unexpected damage[16:13] How shifting to passive investments can offer greater time independence and lower risk exposure[22:14] Eye-opening trends from experienced investors and why many ultimately choose passive investments[27:19] Smart diversification strategies to mitigate risks for long-term stability[30:49] The critical need for solid insurance planning and trusted adjusters to manage risks effectivelyResources mentioned in this episode[30:49] AllCity AdjustingFollow Us On Social MediaYouTube: Truly Passive IncomeTikTok: @trulypassiveincomeInstagram: @truly_passive_incomeFacebook: Truly PassiveTwitter: @trulypassiveDownload Our FREE Passive Investor ToolkitEverything you need to get started in passive investing - Download Here
29:3321/10/2024
Best Real Estate Strategies for High-Income Earners with Brett Riggins
Discover how Brett Riggins, founder of Physician Wealth Systems, is transforming real estate investing for high-income professionals. We'll reveal Brett’s game-changing strategies to build wealth and create passive income without sacrificing time or freedom. Ready to unlock a smarter approach to financial independence? Dive in to see what you’ve been missing!Key takeaways to listen for[00:42] How Physician Wealth Systems turns high-income professionals into real estate investors without sacrificing their time[04:07] A unique twist on the BRRR strategy that may lead to lasting value and steady growth[09:52] Why starting small with single-family homes could be the smartest first step toward building wealth[15:10] Secrets to Navigating Interest Rate Fluctuations even during market shifts[23:04] The power of building trust when investing in real estate[26:26] Top tips to go beyond single-family investment properties and into larger investmentsResources mentioned in this episode[00:05] How to Get Rich as a Doctor by Brett Riggins and Thomas Geib | Kindle, Hardcover, and PaperbackAbout Brett RigginsBrett is a real estate veteran with over 20 years of experience, founder of Connect Home Buyers and Physicians Wealth Systems. With over $20 million in transactions, Brett is passionate about empowering high-income professionals to build wealth and live authentically. As a mentor, coach, and speaker, he brings a wealth of knowledge, helping others connect with the life they aspire to lead.Connect with Brett Website: Physician Wealth SystemsFollow Us On Social MediaYouTube: Truly Passive IncomeTikTok: @trulypassiveincomeInstagram: @truly_passive_incomeFacebook: Truly PassiveTwitter: @trulypassiveDownload Our FREE Passive Investor ToolkitEverything you need to get started in passive investing - Download Here Links referenced in this episode:physicianwealthsystems.com
32:0614/10/2024
Why Syndications Are the Key to Passive Income and Time Freedom
What does it take to break free from a high-stakes tech career and build a life of true financial freedom? Spencer Hilligoss shares the answer in this episode, revealing the strategies that helped him escape the 9-to-5 grind. Tune in to learn how he turned mistakes into stepping stones and created a life by design and how you can do the same.Key takeaways to listen for[7:04] Why connecting with like-minded investors can be the key to unlocking bigger opportunities and long-term success[8:47] Tips on aligning your financial goals with personal priorities, creating a life by design[10:47] How syndications offer a powerful way to diversify and grow your investment portfolio[11:20] Strategies behind syndications that allow investors to multiply wealth while minimizing risk[18:09] The power of joining a supportive investor network for long-term real estate success[18:20] Reasons making mistakes early in your investment journey can sharpen your strategyResources mentioned in this episode[37:41] Bigger Pockets[48:11]Vision by Gordon D'Angelo | Kindle and PaperbackAbout Spencer HilligossSpencer is the CEO and Co-Founder of Madison Investing, where he spearheads business development and investor relations. A dynamic speaker and active investor, Spencer brings his extensive background as a former technology executive with 13 years of experience leading high-performing teams across five companies, including three unicorns valued at over $1 billion. Before transitioning to real estate, Spencer played a pivotal role in Silicon Valley, most notably at LendingHome, where he developed their Origination Team and led the Professional Development group. Today, he leverages his tech expertise to empower investors in the world of real estate syndications.Connect with SpencerWebsite: Madison InvestingFollow Us On Social MediaYouTube: Truly Passive IncomeTikTok: @trulypassiveincomeInstagram: @truly_passive_incomeFacebook: Truly PassiveTwitter: @trulypassiveDownload Our FREE Passive Investor ToolkitEverything you need to get started in passive investing - Download Here
40:1407/10/2024
Fail Fast, Succeed Faster: A Time-Tested Strategy for Real Estate Wealth Building with Maggie and Patrick Wills
Patrick and Maggie Wills started with hands-on real estate ventures but quickly realized the power of passive investing. In this episode, they reveal the pivotal moments that shaped their strategy and how they now use syndications to build wealth and freedom. Learn how this dynamic couple navigates their investments while balancing their personal life goals. Listen now and discover how to make your money work for you!Key takeaways to listen for[12:12] Why Patrick and Maggie shifted from hands-on real estate to passive ≈ investing for greater freedom[14:17] How syndications can help diversify your portfolio and scale your investments[24:31] Why embracing mistakes early on can help refine your investment strategy[25:03] Tips on balancing your financial goals with your personal life priorities[34:54] Reasons you need to join a supportive investor networkResources mentioned in this episode[38:51] BiggerPockets[39:54] PassivePockets[47:21] The 4-Hour Workweek by Timothy Ferriss | Kindle, Hardcover, and PaperbackAbout Maggie and Patrick WillsAn active real estate investor since 2017, Patrick started with single-family rentals and while they performed well, he quickly realized their inability to scale efficiently while remaining passive. He discovered Left Field Investors in 2022 and has quickly become an integral part of the team. His mission is to make alternative investments accessible to everyone who seeks to take control of their financial future to pursue their passions in life.Maggie is an experienced professional with a background in interior design and architecture, specializing in renovation and remodeling. With years of hands-on expertise in evaluating single-family homes, Alongside her husband Patrick, she has transitioned from active real estate involvement to passive investing, playing a crucial role in their investment decisions. Connect with Maggie and PatrickLinkedIn: Patrick Wills | Maggie Wills, NCIDQEmail: [email protected] Us On Social MediaYouTube: Truly Passive IncomeTikTok: @trulypassiveincomeInstagram: @truly_passive_incomeFacebook: Truly PassiveTwitter: @trulypassiveDownload Our FREE Passive Investor ToolkitEverything you need to get started in passive investing - Download Here Links referenced in this episode:<a href="https://leftfieldinvestors.com" rel="noopener noreferrer"...
40:2230/09/2024
Tiny House, Big Returns: The Financial Potential of Tiny House Communities with Steven Harrell
Ever thought tiny houses were just a fad? Think again! Steven Harrell, the mastermind behind Tiny House Listings, tells us how these small homes are making a massive impact on real estate and investment opportunities. Whether you're looking to downsize, invest, or create passive income streams, this episode is packed with insights on how tiny homes could unlock big financial rewards.Key takeaways to listen for[12:26] The story behind Tiny House Listings and how it grew into the largest marketplace for tiny homes[15:36] How tiny houses are becoming a serious investment vehicle, with growing potential for passive income[17:51] One of the biggest challenges for tiny homeowners and how to solve it[19:33] The surprising demographic driving the tiny house movement[34:52] Could tiny house communities be the next big real estate trend?About Steven HarrellSteven is the CEO of Tiny House Listings and has been involved with The Tiny House movement for over a decade. The platform has facilitated over 20,000 tiny homes to be bought and sold, with over 250 tiny house-building companies using the platform to launch their businesses. He is now building affordable tiny homes out of Wilmington, North Carolina, which are shipped throughout the United States.Connect with StevenWebsite: Tiny House Listings | Tiny House ListingsEmail: [email protected] Us On Social MediaYouTube: Truly Passive IncomeTikTok: @trulypassiveincomeInstagram: @truly_passive_incomeFacebook: Truly PassiveTwitter: @trulypassiveDownload Our FREE Passive Investor ToolkitEverything you need to get started in passive investing - Download Here Links referenced in this episode:tinyhouselistings.comtinyhouseblog.com
39:4123/09/2024
Overcome Real Estate Legislative Changes through Double Closing with Peter Russell
Unlock the secrets behind one of real estate's most dynamic strategies with Peter Russell. From navigating the challenges of wholesaling to pioneering the game-changing double-closing model, Peter’s story is a masterclass in turning obstacles into opportunities. So, if you’re curious about how you can leverage these insights for your own investment success, this is the episode for you!Key takeaways to listen for[07:16] What wholesaling is, how it works, and the typical challenges new wholesalers face in the industry[15:57] How wholesaling evolves into a more systematized and potentially passive business model over time[19:12] The double closing strategy and why institutional buyers have shifted toward this process[22:32] New laws affecting wholesalers in South Carolina and how to adapt to these changes[33:25] Things you need to know about the operations and future of Velocity Advantage CapitalAbout Peter RussellPeter has over eight years of experience running a wholesaling operation that has completed over 500 transactions across multiple markets nationwide. Throughout his career, he has utilized various sources for transactional funding and discovered that the process was often overwhelming, with funds coming at a significant cost. To address this challenge, Peter founded Velocity Advantage Capital, aiming to empower real estate investors to take control of their deals and protect their profits. With the constantly evolving regulations surrounding wholesaling, the need for a reliable source of transactional funding has never been more crucial. Velocity Advantage Capital offers a hassle-free process and competitive rates for double-close funds.Connect with PeterWebsite: Velocity Advantage CapitalInstagram: @peterussell.officialFollow Us On Social MediaYouTube: Truly Passive IncomeTikTok: @trulypassiveincomeInstagram: @truly_passive_incomeFacebook: Truly PassiveTwitter: @trulypassiveDownload Our FREE Passive Investor ToolkitEverything you need to get started in passive investing - Download Here
42:4216/09/2024
How to Maximize Payouts from Your Property Insurance Claims with Andy Gurczak
Insurance claims can be a make-or-break factor in real estate investing. So, in this episode, we invited Andy Gurczak to share crucial strategies for maximizing insurance payouts and protecting your investments. Learn how to safeguard your assets and ensure you're fully covered by tuning in now!Key takeaways to listen for[06:32] What is the role of a public adjuster, and how do they advocate for the insured?[09:02] How Andy’s background in construction gives him an edge in negotiating with insurance companies[15:59] Benefits of having a public adjuster review your insurance policies[18:23] Proven strategies on how to maximize insurance claims[25:29] Reasons why property owners need to have the right insurance coverageResources mentioned in this episode[05:07] Who Not How by Dan Sullivan and Benjamin Hardy | Kindle, Hardcover, and PaperbackAbout Andy GurczakAndy is the Founder and CEO of AllCity Adjusting, a public adjusting company that works directly with the insured to guarantee fair insurance payouts. Since founding the company over 10 years ago, Andy has led its exponential growth, handling multiple multi-million dollar property claims, both commercial and residential. He also specializes in property investment, with multiple locations across the Midwest. With expertise in sales, construction, and real estate, Andy has built one of the most efficient public adjusting firms in the nation.Connect with AndyWebsite: AllCity AdjustingYouTube: AllCity Adjusting CompanyPhone Number: 708-655-4186Follow Us On Social MediaYouTube: Truly Passive IncomeTikTok: @trulypassiveincomeInstagram: @truly_passive_incomeFacebook: Truly PassiveTwitter: @trulypassiveDownload Our FREE Passive Investor ToolkitEverything you need to get started in passive investing - Download Here
24:2009/09/2024
Do This To Master High-Performance Cash Flow in Real Estate with Dr. Axel Meierhoefer, PhD
Learn how to safeguard your family's financial future and make informed investment decisions for long-term success in this episode with Dr. Axel Meierhoefer, PhD, CEO of Ideal Wealth Grower. Hit play and discover how to seamlessly transition from active income to passive income while mastering the art of vertical integration. So don't miss this opportunity to revolutionize your real estate investing approach and unlock the path to true wealth!Key takeaways to listen for[03:00] How Dr. Axel transitioned from a military career to a successful real estate investor[10:00] The importance of vertical integration in real estate investing[16:00] Benefits of clustering properties in high-performing markets[25:00] Best strategies for creating a financial shield for your investments[32:00] Insights into building a cash flow-focused portfolio for time and financial freedomResources mentioned in this episode[10:00] BiggerPockets[10:30] The Turnkey Revolution by Chris Clothier | Hardcover and Kindle[10:45] REI Nation[19:15] Who Not How by Dan Sullivan and Benjamin Hardy | Hardcover, Kindle, and PaperbackAbout Dr. Axel Meierhoefer, PhDDr. Axel Meierhoefer, PhD, is a former Air Force member and software company executive who founded a consulting firm in 2005. The 2009 Great Recession led him to discover real estate, igniting a passion that transformed his career. Learning about the 1031 exchange and the potential for financial independence, Axel and his wife embarked on a challenging journey, acquiring nine properties and mastering real estate investment.Now, Axel combines his expertise and experience to mentor others through the IDEAL Wealth GROWER system, helping individuals achieve economic and financial independence. He offers mentoring programs, eBooks, and an app to guide people on their path to building a legacy of passive income and financial freedom.Connect with Dr. AxelWebsite: Ideal Wealth GrowerFollow Us On Social MediaYouTube: Truly Passive IncomeTikTok: @trulypassiveincomeInstagram: @truly_passive_incomeFacebook: Truly PassiveTwitter: @trulypassiveDownload Our FREE Passive Investor ToolkitEverything...
32:0302/09/2024
Self-Storage Strategies That Could Skyrocket Your Wealth with Fernando Angelucci Part 2
Catch the second part of our conversation with Fernando Angelucci, where we dive deeper into self-storage strategies for maximizing profits in the self-storage market, including when to sell for the best return and how to leverage SBA loans with minimal capital. Plus, get a glimpse into Fernando’s nomadic lifestyle and how living with less has fueled his success. So tune in for actionable tips and a fresh perspective on business and life.Key takeaways to listen for[03:00] Current opportunities in the self-storage market as occupancy rates stabilize and rent increases return[05:57] Fernando’s approach to strategic exit planning and determining the optimal time to sell a property[18:19] How to use SBA loans creatively to maximize leverage and minimize out-of-pocket expenses[22:49] Pro-storage opportunities that may offer high returns and strong tenant demand[38:19] Ways Fernando’s minimalist, travel-focused lifestyle enhances his personal life and drives business successResources mentioned in this episode[38:19] The 4-Hour Workweek by Timothy Ferriss | Kindle and Hardcover[38:19] Vagabonding by Rolf Potts | Kindle, Hardcover, and Paperback[40:27] At Home in the World by Tsh Oxenreider | Hardcover[39:49] Furnished Finder[44:43] Children's Dyslexia Centers of Cincinnati[45:22] Live Oak BankAbout Fernando AngelucciFernando is a real estate professional with extensive experience in building businesses, acquisitions, and underwriting of large, complex commercial real estate equity and debt transactions spanning various markets. He has spent the last decade becoming one of the largest wholesalers in the Chicagoland area. He has successfully scaled his wholesaling business to a goliath and used the same skill sets and systems to establish and grow his self-storage portfolio.Connect with FernandoWebsite: The Storage StudPhone Number: 630-408-8090Follow Us On Social MediaYouTube: Truly Passive IncomeTikTok: @trulypassiveincomeInstagram: @truly_passive_incomeFacebook: Truly PassiveTwitter: @trulypassiveDownload Our FREE Passive Investor ToolkitEverything you need to get started in passive investing - Download Here
47:5926/08/2024
Self-Storage Strategies That Could Skyrocket Your Wealth with Fernando Angelucci Part 1
In this episode, Fernando Angelucci shares his remarkable journey from engineering to building a $230 million self-storage empire. Discover how he leveraged smart capital strategies, market timing, and operational excellence to rapidly scale his business. Fernando also reveals his insider tips for balancing risk and long-term profitability in real estate. Don’t miss this chance to learn from a true industry leader and turbocharge your investing success. Tune in now and start transforming your real estate game!Key takeaways to listen for[2:26] The importance of building a strong operational foundation for your business[5:12] Why you need to strategically exit residential real estate investing[7:15] Smart capital raising strategies for real estate investors[21:25] The power of market timing and strategic exits[24:54] How real estate investors need to balance long-term holds with strategic salesResources mentioned in this episode[02:32] Traction by Gino Wickman | Kindle, Hardcover, and PaperbackAbout Fernando AngelucciFernando is a real estate professional with extensive experience in building businesses, acquisitions, and underwriting of large, complex commercial real estate equity and debt transactions spanning various markets. He has spent the last decade becoming one of the largest wholesalers in the Chicagoland area. He has successfully scaled his wholesaling business to a goliath and used the same skill sets and systems to establish and grow his self-storage portfolio.Connect with FernandoWebsite: The Storage StudPhone Number: 630-408-8090Follow Us On Social MediaYouTube: Truly Passive IncomeTikTok: @trulypassiveincomeInstagram: @truly_passive_incomeFacebook: Truly PassiveTwitter: @trulypassiveDownload Our FREE Passive Investor ToolkitEverything you need to get started in passive investing - Download Here Links referenced in this episode:ssse.com
48:3319/08/2024
Top Things Investors Need To Know To Future-Proof Your Finances with Travis Watts
Are real estate investments still worth it in 2024? Learn the answer in this episode with Travis Watts! Listen until the end as he reveals how to navigate today’s capital-raising challenges and ways you can transition from active to passive RE investing. Tune in now to elevate your investments to greater heights.Key takeaways to listen for[03:15] Challenges of raising capital in today's market and the importance of understanding investor sentiment[6:24] Benefits and scalability of transitioning from active real estate investing to passive investing[11:53] Strategies to diversify your investment portfolio effectively[18:04] The importance of thoroughly vetting your real estate operators[26:11] Why 2024 is a promising year for real estate investmentsAbout Travis WattsTravis is a proven leader in the real estate industry, where he’s been investing since 2009 in multi-family, single-family and vacation rentals. He began investing with Ashcroft Capital several years ago and has taken part in more than 30% of the Ashcroft opportunities. After experiencing above-average communication, reporting, deal volume, and performance, Travis expressed interest in joining the Ashcroft Investor Relations Team. He also has a background in traditional Wall Street investing and obtained a Series 7 and Series 63 license while working at a major brokerage firm with more than 400 billion in assets. He now dedicates his time to educating others in the world of investing and has made it his mission to share passive investment strategies in order to help others achieve and maintain wealth in real estate.Connect with TravisWebsite: speakwithtravis.comFollow Us On Social MediaYouTube: Truly Passive IncomeTikTok: @trulypassiveincomeInstagram: @truly_passive_incomeFacebook: Truly PassiveTwitter: @trulypassiveDownload Our FREE Passive Investor ToolkitEverything you need to get started in passive investing - Download Here
31:4412/08/2024
Never Miss Another Deal Through These Flexible Financing Hacks with Kevin Amolsch
Are you ready to unlock the potential of your real estate investments with innovative financing? Dive into the world of real estate financing with Kevin Amolsch as he unveils the secrets behind successful real estate investments. Listen to the full episode to learn how to navigate the challenges of today's market.Key takeaways to listen for[05:05] Kevin’s journey from Army service to real estate investing and how it laid the foundation for his success[09:53] How Pine Financial Group's flexible financing solutions provide unique funding options in volatile markets[13:22] Marketing strategies and tips to turn market challenges into opportunities[16:57] Why patience and proper liquidity are crucial for real estate investing success[38:28] A transformational project where Pine Financial Group converted a dark safeway into a thriving fitness centerResources mentioned in this episodeThe Pine ReportRich Dad Poor Dad by Robert T. Kiyosaki | Kindle and PaperbackAbout Kevin AmolschKevin formed Pine Financial Group, Inc. in 2008 after leaving a small mortgage company as the senior loan officer for residential lending. Kevin has a degree in Finance, which he obtained after serving four years in the US Army. Kevin started out in banking, working at First Bank in the lending department while in school. From there, he started his first real estate investment company, which is still active today.Connect with KevinWebsite: Pine Financial GroupEmail: [email protected] Us On Social MediaYouTube: Truly Passive IncomeTikTok: @trulypassiveincomeInstagram: @truly_passive_incomeFacebook: Truly PassiveTwitter: @trulypassiveDownload Our FREE Passive Investor ToolkitEverything you need to get started in passive investing - Download Here Links referenced in this episode:thepinereport.compinefinancialgroup.comLinks referenced in this episode:thepinereport.compinefinancialgroup.com
35:4705/08/2024
Implement These Land Banking Strategies to Turn Dirt into Gold with Brad Warren
Discover the hidden goldmine of land banking with Brad Warren. Uncover the secrets of strategic land investments, learn how patience transforms into massive returns, and dive into real-world success stories that will inspire you. Get ready for Brad's game-changing insights on building generational wealth through land banking. Tune in now and kickstart your journey to financial freedom!Key takeaways to listen for[05:05] Brad’s transition from a speaking career to land banking and how his investments have grown over time[10:04] Real-world examples of successful land investments[13:22] How strategic land placement in growth areas may lead to substantial appreciation[17:31] Various exit strategies and investing opportunities to turn land into a cash-flowing asset[36:18] A proposition to possibly ensure low property taxes, making the long-term holding of land more manageableResources mentioned in this episodeJust Sold! The Real Estate Professional's Guide to Selling More in Less Time by Bradley K. WarrenAbout Brad WarrenBrad helps patient investors purchase risk-mitigated, pre-developed land in high-growth areas of Southern California. He then assists them in selling their parcels to developers who consolidate that land into larger parcels for housing, shopping centers, mixed-use projects, solar farms, and more. Multiple returns on investment are widespread. The majority of his investors use dormant or under-performing 401(k)s or IRAs to fund their investments, but they can also use cash, do a 1031 exchange, or utilize several other options.Connect with BradWebsite: Bradley K. Warren & Associates, Inc.Email: [email protected] Us On Social MediaYouTube: Truly Passive IncomeTikTok: @trulypassiveincomeInstagram: @truly_passive_incomeFacebook: Truly PassiveTwitter: @trulypassiveDownload Our FREE Passive Investor ToolkitEverything you need to get started in passive investing - Download Here Links referenced in this episode:bradwarren.com
33:1429/07/2024
A Step-by-Step Guide To Win In Any Business You Choose with John T. Hewitt
Ready to transform your business strategy with insights from a true industry titan? Join us in this episode with John T. Hewitt! Tune in now and learn how to leverage franchising for scalable success, set visionary goals, and create a winning business culture. Packed with actionable advice and inspiring stories, this episode is your ticket to achieving financial freedom.Key takeaways to listen for[09:53] Why you need to set big, audacious goals and have a clear, convincing vision[12:37] Importance of implementing systems for repetitive tasks to ensure efficiency and scalability in business[16:26] What is crucial for maintaining a successful and cohesive team?[33:03] How to achieve the key to a successful franchise[41:22] Significance of listening to your team and customersResources mentioned in this episode[01:56] Jackson Hewitt[01:56] Liberty Tax ServiceClaim your FREE copy of John’s book, “iCompete” by visiting https://loyaltybrands.com/free-icompete-book/.About John T. HewittJohn is an American entrepreneur, co-founder of Jackson Hewitt, sole founder of Liberty Tax Service, and current CEO of ATAX. As of late 2006, Hewitt served as CEO, chairman of the board, and president of Liberty Tax Service. These companies account for over 10,000 tax preparation offices in the United States and Canada. Additionally, John pioneered developing and using specialized tax-preparation software, which has become the industry standard.Connect with JohnWebsite: Loyalty BrandsLinkedIn: John T HewittFollow Us On Social MediaYouTube: Truly Passive IncomeTikTok: @trulypassiveincomeInstagram: @truly_passive_incomeFacebook: Truly PassiveTwitter: @trulypassiveDownload Our FREE Passive Investor ToolkitEverything you need to get started in passive investing - Download Here Links referenced in this episode:loyaltybrands.com
36:5022/07/2024
How is Blockchain Redefining Real Estate Investing? with Roberto Capodieci
Are you ready to explore how blockchain technology revolutionizes the real estate industry? In this episode, we sit down with blockchain expert Roberto Capodieci to demystify the blockchain and its transformative impact on real estate. From fractional ownership to secure transactions, Roberto breaks down complex concepts into relatable insights. Packed with valuable knowledge and forward-thinking ideas that could reshape your investment strategies, this is an episode you won’t want to miss.Key takeaways to listen for[2:05] What you need to know about blockchain technology[07:30] How does blockchain enable fractional ownership in real estate?[08:58] Regulatory hurdles and reputational issues blockchain faces, and how they are being addressed[13:12] Real-world uses of blockchain in real estate[24:17] Insights on future blockchain trends in real estate and potential investment opportunitiesResources mentioned in this episode[36:51] ZooBC: New Strategies in Blockchain by Roberto Capodieci & Barton Johnston | PaperbackAbout Roberto CapodieciRoberto is a Chief Technology Officer and blockchain evangelist known for his expertise in establishing and implementing a corporate technical vision and strategic direction. He excels in strategic planning, business intelligence, team building, and decentralization. Roberto is committed to cultivating strong stakeholder relationships and driving competitive advantage through proactive collaboration with cross-functional teams. Engaging and collaborative, Roberto is a trusted partner to C-level leadership, identifying opportunities for significant savings and process improvements.Connect with RobertoWebsite: Roberto RCX CapodieciLinkedIn: Roberto CapodieciFollow Us On Social MediaYouTube: Truly Passive IncomeTikTok: @trulypassiveincomeInstagram: @truly_passive_incomeFacebook: Truly PassiveTwitter: @trulypassiveDownload Our FREE Passive Investor ToolkitEverything you need to get started in passive investing - Download Here
33:1615/07/2024
Credit Unions vs. Banks: Which is Better for Your Real Estate Investment? with Mark Ritter
Tune in this episode with Mark Ritter as he shares his deep knowledge and practical tips on leveraging credit unions to secure favorable loan terms and build lasting financial relationships. Tune in to this episode to gain a deeper understanding of how credit unions can be a powerful ally in your small business and real estate investment journey.Key takeaways to listen for[02:42] Credit Unions vs. Traditional Banks [05:08] Why you need to have a strong relationship with your lender [10:40] Types of loan products available through credit unions and how they compare to traditional bank offerings[14:01] The impact of recent economic shifts on lending practices[17:27] How the SBA loan process became a viable option for working capital and business expansionAbout Mark RitterMark is the CEO of MBFS and an expert in credit unions and business lending. His primary role at MBFS is overseeing the strategy of helping credit unions assist members with business needs and consulting with credit unions on planning the delivery of services to their membership.Connect with MarkWebsite: Member Business Financial Services | Mark RitterPodcast: Credit Union ConversationsLinkedIn: Mark Ritter - Member Business Financial Services | LinkedInFollow Us On Social MediaYouTube: Truly Passive IncomeTikTok: @trulypassiveincomeInstagram: @truly_passive_incomeFacebook: Truly PassiveTwitter: @trulypassiveDownload Our FREE Passive Investor ToolkitEverything you need to get started in passive investing - Download Here Links referenced in this episode:mbfs.org
25:1608/07/2024
Unlocking the Potential of Self-Directed IRAs in Real Estate with Neil Henderson and Clint Harris
In this unique episode of Truly Passive Income, hosts Neil Henderson and Clint Harris take us behind the scenes from the Centurion Lounge in the Dallas airport. Fresh from the Quest Expo, a self-directed IRA conference, they share insights on the current state of the real estate market, the challenges of raising capital, and the strategies for investing in self-directed retirement accounts. They delve into the sentiment among investors, the impact of high-interest rates on self-storage development, and the opportunities in the self-storage industry. Listen in as they discuss the importance of diversification, the pitfalls of variable rate debt, and their personal experiences navigating the current economic landscape.Key takeaways to listen for[00:00:00] Introduction from the Centurion Lounge[00:01:02] Overview of the Quest Expo and self-directed IRAs[00:02:58] Benefits of self-directed retirement accounts[00:04:12] Investor sentiment and challenges in the current market[00:06:06] The importance of diversification in real estate investments[00:08:17] Choosing the right operators and risk management[00:12:08] The power dynamics between operators and investors[00:14:00] Insights from the self-storage and medical professional panels[00:17:04] Trends in the self-storage industry and REITs' pricing strategies[00:19:56] Future outlook for self-storage developmentResources mentioned in this episodeQuest Expo: Quest Trust CompanySelf-Directed IRAs: Preferred Trust CompanyEquity Trust: Equity Trust CompanyConnect with Neil Henderson: LinkedInConnect with Clint Harris: LinkedInKey TakeawaysSelf-Directed IRAs: Investing through self-directed IRAs offers flexibility to allocate funds into various asset classes, including real estate, providing more control over retirement investments.Current Market Sentiment: There is a cautious optimism among investors, tempered by recent market volatility and economic uncertainties, especially in multifamily real estate.Importance of Diversification: Diversifying investments across different asset classes, operators, and geographies is crucial for managing risk, particularly in uncertain markets.Operator Selection: Trustworthy and consistent operators are essential for long-term investment success. It's often better to invest with stable operators rather than chasing the highest returns.Investor Relations: Operators and investors must mutually vet each other to ensure a good fit for long-term business relationships, especially in challenging market conditions.Self-Storage Insights: Despite current challenges, the self-storage industry remains robust due to its adaptability and stable performance. Strategic market positioning and cost management are key.Economic Influences: High-interest rates are impacting new self-storage developments, creating a pent-up demand that presents future opportunities for well-positioned operators.REITs Strategies: Large REITs are using aggressive pricing strategies to maintain occupancy, which may affect smaller operators differently depending on their...
22:4901/07/2024
The Key to Unlocking Profitable Self-Storage Investments with Katherine D'Agostino
Join Neil Henderson on 'Truly Passive Income' as he interviews Katherine D'Agostino, a self-storage feasibility expert. They discuss the critical importance of identifying growing and underserved markets, various aspects of conducting feasibility studies, and the nuances of investing in boat and RV storage. D'Agostino shares her journey from diversifying her business portfolio to focusing solely on self-storage and offers invaluable advice for new investors on managing projects efficiently, choosing locations wisely, and understanding market dynamics.Key takeaways to listen for[01:28] Katherine's Journey into Self Storage[09:17] Financing and Market Selection[15:46] The Importance of Feasibility Studies[23:36] Conducting Feasibility Studies[26:13] Initial Steps in Market Analysis[29:14] Evaluating Market Health and Attitudes[30:23] Budgeting and Funding Strategies[30:57] Boat and RV Storage Insights[32:06] Understanding Customer Behavior[33:02] Navigating Market Data and Regulations[36:34] Challenges and Opportunities in Boat and RV StorageAbout Katherine D'AgostinoKatherine D'Agostino founded Self-Storage Ninjas, a consultancy specializing in feasibility studies for self-storage, boat and RV storage, storage condos, and flex warehouses. With extensive experience as an owner and developer of multiple storage facilities, she provides critical market analysis to help clients make informed decisions about their storage projects. Katherine is a frequent speaker at industry events and a contributor to top-tier publications. Her consultancy aims to empower clients by offering detailed, data-driven insights and long-term support throughout their development journeyConnect with KatherineWebsite: Self-Storage NinjasContact: Contact KatherineFollow Us On Social MediaYouTube: Truly Passive IncomeTikTok: @trulypassiveincomeInstagram: @truly_passive_incomeFacebook: Truly PassiveTwitter: @trulypassiveDownload Our FREE Passive Investor ToolkitEverything you need to get started in passive investing - Download Here
48:1624/06/2024
Revamp Your Real Estate Game and Unlock Generational Wealth with Dwan Bent-Twyford
Are you ready to revolutionize your real estate investing strategies and build generational wealth? We sit down with Dwan Bent-Twyford as she shares how she went from wholesaling over 2,000 houses to revitalizing entire downtown areas, creating tremendous value and community impact. Dial now to get actionable tips and strategies on making smarter investments and securing long-term financial freedom.Key takeaways to listen for[01:01] How Dwan began her real estate journey with just $75 and turned it into a successful career[02:38] A step-by-step approach to wholesaling over 2,000 houses and consistently finding great deals.[05:20] The importance of building efficient systems and assembling a reliable team[13:15] Multiple benefits of investing in opportunity zones[24:49] Innovative ways to educate your children about business and investingResources mentioned in this episode[25:00] The Millionaire Next Door by Thomas J. Stanley and William D. Danko | Hardcover and Paperback[27:02] Think and Grow Rich by Napoleon Hill | Kindle, Paperback, and Hardcover[27:03] Rich Dad Poor Dad by Robert T. Kiyosaki | Kindle, Paperback, and Mass Market Paperback[27:05] Tony Robbins BooksAbout Dwan Bent-TwyfordDwan Bent-Twyford is America's most sought-after real estate investor coach. She has been featured in interviews and articles on over 500 media outlets. Dwan's podcast has grown in popularity for the past four years and is now among the top 700 business podcasts globally.Connect with DwanWebsite: DwanderfulPodcast: The Most Dwanderful Real Estate Podcast Ever! | Apple Podcasts and SpotifyFollow Us On Social MediaYouTube: Truly Passive IncomeTikTok: @trulypassiveincomeInstagram: @truly_passive_incomeFacebook: Truly PassiveTwitter: @trulypassiveDownload Our FREE Passive Investor ToolkitEverything you need to get started in passive investing - Download Here Links referenced in this episode:<a href="https://dwanderful.com" rel="noopener noreferrer"...
34:2017/06/2024
Smart Investing Tips to Balance Risk and Reward in Real Estate with Kevin Tornes
Whether you're just starting your journey or looking to optimize your portfolio, this episode is for you! It’s packed with practical strategies that highlight the power of real estate in achieving financial independence. Press play and join us as Kevin Tornes shares his diverse investment strategies, from house hacking to earning passive income through syndications.Key takeaways to listen for[06:03] How to transition from primary residences to investment properties and the challenges of becoming a landlord[11:47] Importance of having a supportive spouse when investing in real estate[19:08] Ways diverse investment strategies can serve as your financial safety nets[23:53] The financial implications of leveraging equity and the risks associated with real estate debt[27:21] An approach to building a portfolio that supports your personal and financial goalsResources mentioned in this episode[03:06] BiggerPockets[13:57] MLS.comAbout Kevin TornesKevin is the Senior Manager of Sales Operations at nCino, Inc. He is a skilled business operations analyst with experience in deal desk operations, order management, ERP project management, and IIOT software monitoring for customers. Using CPQ in Salesforce, he has managed software services costing, pricing, scope definition, and proposal creation for software services teams worldwide. Connect with KevinLinkedIn: Kevin TornesFollow Us On Social MediaYouTube: Truly Passive IncomeTikTok: @trulypassiveincomeInstagram: @truly_passive_incomeFacebook: Truly PassiveTwitter: @trulypassiveDownload Our FREE Passive Investor ToolkitEverything you need to get started in passive investing - Download Here
32:4903/06/2024
Next-Level Real Estate Techniques to Revolutionize Your Investment Portfolio with Josiah Smelser
Unlock the secrets to transforming your financial destiny as we explore actionable strategies for leveraging properties for maximum profit and innovative ways to optimize your investment portfolio for greater returns. If you're seeking to elevate your investment game and achieve financial independence, this episode with Josiah Smelser is perfect for learning how to navigate the complexities of the real estate market.Key takeaways to listen for[02:12] Initial steps and challenges in real estate investment and how to solve them[09:07] Strategic shifts from traditional rentals to high-yield vacation properties[12:44] The logistics and benefits of managing properties with a focused, in-house team[21:03] The future of investing and the potential shift toward syndication[37:48] How to manage substantial equity and the considerations for repositioning assetsResources mentioned in this episode[34:04] Rich Dad Poor Dad by Robert T. Kiyosaki | Kindle and PaperbackAbout Josiah SmelserJosiah is a financially independent real estate investor and former college finance professor with 20 years of investing experience. He is dedicated to equipping people with the tools to achieve financial independence, build wealth, and live life on their own terms. His mission is to help a million people break free from bad debt, invest in real estate, achieve financial independence, and do meaningful work while giving back to help others.Josiah's expertise includes wealth building, real estate investing, personal finance, budgeting, eliminating bad debt, entrepreneurship, and overcoming limiting beliefs.Connect with JosiahYouTube: Josiah SmelserFollow Us On Social MediaYouTube: Truly Passive IncomeTikTok: @trulypassiveincomeInstagram: @truly_passive_incomeFacebook: Truly PassiveTwitter: @trulypassiveDownload Our FREE Passive Investor ToolkitEverything you need to get started in passive investing - Download Here
43:2227/05/2024
Innovative Tools That’ll Define The Future of Self-Storage Investing with Tyler Sellars
Turn challenges into opportunities for growth with Tyler Sellars as he unveils how strategic shifts and embracing technology have allowed him to thrive in a fluctuating market. Press play to discover the secrets to managing a global investment portfolio and making data-driven decisions to elevate your own real estate ventures today.Key takeaways to listen for[04:41] Advantages of self-storage investment over traditional residential properties[10:01] The impact of geographical flexibility on investment opportunities and lifestyle[16:10] Risks and rewards of development vs. acquisition in self-storage[25:51] High interest rates and their effect on storage facility operations[39:04] The role of innovative technology in managing self-storage investments from abroadResources mentioned in this episodeReady to revolutionize your real estate game? Go to https://www.trycactus.com/blog/introducing-cactus and gain a deep understanding of your self-storage investments' performance while seamlessly managing your financials.About Tyler SellarsTyler is a Canadian entrepreneur based in Spain, currently serving as the CEO of TryCactus.com. He has been investing in self-storage for three years and in real estate for six. Tyler's journey began in 2018, shortly after graduating from college, when he posted a heartfelt plea on Instagram seeking a down payment to secure a 7-bedroom rooming house. This successful acquisition kickstarted his investment journey. Despite early challenges, including a global pandemic that complicated the real estate market, Tyler's strategic decisions led to significant growth. Eventually, at 27, he sold all his properties and shifted his focus to the self-storage industry, founding SimpleStorage.ca. This venture quickly became a leading name in the storage industry with three locations and expanded services, including third-party management and franchising options. Tyler attributes his success to the foundational support from his first investors and a relentless pursuit of innovative business strategies.Connect with TylerWebsite: CactusLinkedIn: Tyler SellarsFollow Us On Social MediaYouTube: Truly Passive IncomeTikTok: @trulypassiveincomeInstagram: @truly_passive_incomeFacebook: Truly PassiveTwitter: @trulypassiveDownload Our FREE Passive Investor ToolkitEverything you need to get started in passive investing - Download Here
44:2820/05/2024
Effective Tactics to Profit from Flipping High-Value Properties with Dan Breslin
Uncover the secrets to successful house flipping with Dan Breslin. Press play to learn how he buys out high volumes of properties and manages renovations from market to market but still sees over 300 successful transactions yearly. Elevate your flipping game and turn market challenges into opportunities by tuning in now!Key takeaways to listen for[00:43] Benefits of hosting a real estate podcast and its impact on personal and business growth[02:20] How to transition to flipping higher-value properties and how it influences your profit margins[05:28] Strategies for managing risks in house flipping[10:23] The positive effect of strategic property investments on revitalizing neighborhoods[25:14] Why you need to stay adaptable in a fluctuating real estate marketResources mentioned in this episode[08:15] Google Ads[08:16] Meta Ads - Reach Customers Online with Ads on Facebook, Instagram, Messenger & WhatsApp | Meta for BusinessAbout Dan BreslinDan's experience in real estate began in his youth. His grandfather served as the property manager for the Archdiocese of Philadelphia’s real estate portfolio from the 1950s through the mid-1980s. Dan learned the business of fixing up houses firsthand, growing up working on the construction sites of his father’s contracting business.He was raised in Drexel Hill, a suburb of Philadelphia. In 2014, Dan moved to Chicago to be a more present father to his then-middle school-aged daughter. This move marked the beginning of Diamond Equity, which started buying houses in the Philadelphia market and then expanded to Chicago.Connect with DanWebsite: Diamond Equity InvestmentsPodcast: REI DiamondsFollow Us On Social MediaYouTube: Truly Passive IncomeTikTok: @trulypassiveincomeInstagram: @truly_passive_incomeFacebook: Truly PassiveTwitter: @trulypassiveDownload Our FREE Passive Investor ToolkitEverything you need to get started in passive investing - Download Here Links referenced in this episode:housingcrash2006.comreidiamonds.com
31:2313/05/2024
Maximize Your Investment Returns with This Tax-Deferred Strategy
Do you want to learn how to structure your investments for maximum financial benefit? Explore innovative strategies for leveraging foundations to gain tax advantages and receive invaluable tips on optimizing asset appreciation from expert Shannon Robnett. Tune in now to transform your approach to investing and achieve greater financial freedom.Key takeaways to listen for[03:57] How different tax strategies can be effectively utilized across various real estate investments[06:09] A way to have better control over your tax obligations and long-term financial planning[11:56] How to structure investments and plan taxes to maximize returns and minimize tax liabilities[29:54] The importance of selecting the right markets to invest in based on economic indicators[32:07] The impact of wage growth on property value increases and rental income potentialAbout Shannon RobnettShannon is a real estate developer with a principal focus on multifamily and industrial real estate in Idaho. He is a second-generation builder and fourth-generation realtor. Mr. Robnett has lived in Idaho for 40 years and has spent 25+ years as a developer and builder in that market. His projects include multifamily, fire stations, schools, hospitals, police stations, and more, with $200M in personal transactions to date.Connect with ShannonWebsite: Shannon RobnettEmail: [email protected] Us On Social MediaYouTube: Truly Passive IncomeTikTok: @trulypassiveincomeInstagram: @truly_passive_incomeFacebook: Truly PassiveTwitter: @trulypassiveDownload Our FREE Passive Investor ToolkitEverything you need to get started in passive investing - Download Here Links referenced in this episode:shannonrobnet.comCompanies mentioned in this episode: Bill and Melinda Gates Foundation Warren Buffett Rockefeller Foundation
35:2706/05/2024
A Real Estate Investing Strategy That Aligns with Your Lifestyle Goals with Tyler Smith
Discover the transformative journey of transitioning from active to passive real estate investing in this episode with Tyler Smith. Learn how to maximize your investment returns while minimizing personal time investment as we share invaluable insights into strategies for a better work-life balance. Don't miss out on this opportunity to reshape your financial future!Key takeaways to listen for[02:40] How and why you should shift from active to passive real estate investing[04:10] Operational challenges in managing Airbnb properties and short-term rentals[09:59] Long-term financial strategies and how to further diversify and secure your investment portfolio[19:58] Why you need to have the right network to succeed in real estate investing[23:07] The importance of aligning your investment strategies with your lifestyle goalsResources mentioned in this episode[22:18] Outlive by Peter Attia MD and Bill Gifford | Kindle, Hardcover, and PaperbackAbout Tyler SmithTyler is a real estate professional with a solid background in sales and management. He leverages his insight into community dynamics and market trends to offer clients honest guidance for making profitable property investments.He was a top producer in corporate medical sales before transitioning to real estate. He is committed to providing excellent customer service and building lasting relationships. Tyler also coaches strength conditioning and is actively involved in philanthropic causes. He lives in Carolina Beach with his family and enjoys contributing to community upliftment.Connect with TylerPhone Number: (610) 573-0706Follow Us On Social MediaYouTube: Truly Passive IncomeTikTok: @trulypassiveincomeInstagram: @truly_passive_incomeFacebook: Truly PassiveTwitter: @trulypassiveDownload Our FREE Passive Investor ToolkitEverything you need to get started in passive investing - Download Here
31:4529/04/2024
Revolutionary Insights from the Best Ever Real Estate Conference
Ready to revolutionize your real estate journey? Listen now as we share powerful insights from the Best Ever Conference. Perfect for anyone curious about real estate investment and syndication, this episode is packed with essential strategies, the latest industry trends, and incredible networking opportunities. Tune in now and discover how such transformative events can supercharge your investment career!Key takeaways to listen for[01:37] How attending real estate conferences can change professional trajectories and expand networks[04:10] The significance of networking with top-level investors[07:26] Insights into Nomad Capital’s participation in the Pitch Slam event[12:42] Advantages of understanding syndication and the long-term value creation in commercial real estate[24:04] Reflections on how the conference serves as a team-building and strategic planning platformResources mentioned in this episode[00:25] Best Ever Real Estate Conference[00:52] Best Real Estate Investing Advice Ever[00:54] Best Ever Apartment Syndication Book by Joe Fairless and Theo Hicks | Paperback and KindleFollow Us On Social MediaYouTube: Truly Passive IncomeTikTok: @trulypassiveincomeInstagram: @truly_passive_incomeFacebook: Truly PassiveTwitter: @trulypassiveDownload Our FREE Passive Investor ToolkitEverything you need to get started in passive investing - Download Here
27:1022/04/2024
The True Essence of Real Estate Investing with Jonathan Greene
Step into the world of real estate investing with Jonathan Greene. He shatters traditional cash flow myths and reveals the ultimate investment treasure and how you can achieve it. So listen until the end for an enlightening episode that promises to redefine your approach to real estate and life itself!Key takeaways to listen for[04:44] Significance of appreciation over volume in real estate investing[09:49] The problem with new real estate investors and how to solve it[16:24] How a mindful approach can redefine success in real estate[26:46] Importance of family, legacy, and setting a foundation for future generations[32:53] Strategies for becoming a more focused and informed investorResources mentioned in this episode[23:37] The Wealthy Gardener by John Soforic | Kindle, Hardcover, and Paperback[23:55] Zen and the Art of Happiness by Chris Prentiss | Kindle, Hardcover, and PaperbackAbout Jonathan GreeneJonathan Greene is a thought leader in the real estate and real estate investing space. He is the host of one of the fastest-growing real estate investing podcasts in the world, Zen and the Art of Real Estate Investing. Jonathan is the Team Leader of Streamlined Properties, brokered by ΓEA⅃, a multi-state team of professional, knowledgeable, and proficient real estate agents built to connect with clients who need agents to understand exactly what they are looking for.Connect with JonathanWebsite: Jonathan Greene | Streamlined PropertiesPodcast: Zen and the Art of Real Estate InvestingInstagram: @trustgreeneYouTube: Jonathan GreeneFollow Us On Social MediaYouTube: Truly Passive IncomeTikTok: @trulypassiveincomeInstagram: @truly_passive_incomeFacebook: Truly PassiveTwitter: @trulypassiveDownload Our FREE Passive Investor ToolkitEverything you need to get started in passive investing - Download Here
36:3908/04/2024
How NAR’s New Commission Structures are Reshaping Real Estate
Are you feeling uncertain about the National Association of REALTORS® recent commission adjustments? Then this episode is for you! From strategizing property sales in this new era to understanding the long-term shifts towards passive investment models, we’ll guide you through making informed decisions in a landscape that's no longer what it used to be. Press play to hear more.Key takeaways to listen for[00:59] A detailed overview of the lawsuit against the NAR[05:02] How the NAR lawsuit could impact new home buyers[10:02] The effect of the NAR lawsuit on real estate agents[17:12] Why you should shift to passive real estate investing[20:39] Importance of adapting to market changes and foreseeing opportunities in real estateResources mentioned in this episode[01:14] National Association of REALTORS®Follow Us On Social MediaYouTube: Truly Passive IncomeTikTok: @trulypassiveincomeInstagram: @truly_passive_incomeFacebook: Truly PassiveTwitter: @trulypassiveDownload Our FREE Passive Investor ToolkitEverything you need to get started in passive investing - Download Here
22:2701/04/2024
Why You NEED To Know About Interest Rate Impacts on Commercial Real Estate
Delve into the intricate dance between cap rates and interest rates and their profound influence on the commercial real estate landscape! Join us in a thought-provoking conversation about strategies for investors to pivot and prosper regardless of economic fluctuations. So, if you want to navigate the complexities of commercial real estate in any market condition, tune in to this episode!Key takeaways to listen for[00:57] How shifts in interest rates directly impact property values and what this means for investors[05:47] The challenges and opportunities presented by the historic rise in interest rates[07:42] Strategies for staying resilient and successful amidst changing market conditions[10:39] Lessons learned from an investor about the risks of not diversifying debt structures[13:17] Predictions on the future and impact of interest rates for the rest of 2024Follow Us On Social MediaYouTube: Truly Passive IncomeTikTok: @trulypassiveincomeInstagram: @truly_passive_incomeFacebook: Truly PassiveTwitter: @trulypassiveDownload Our FREE Passive Investor ToolkitEverything you need to get started in passive investing - Download Here
22:0325/03/2024
Reach Financial Freedom (Ways to Get You There) with Gary Wilson
Dive deep into the fascinating world of real estate investing with Gary Wilson as he shares his transition from national banker to achieving financial independence by age 40. Learn about his strategies in property management, establishing businesses based on real estate, and the critical role of education and mentorship. Tune in for a compelling conversation that could redefine your approach to real estate and entrepreneurship.Key takeaways to listen for[01:01] Gary’s childhood influences and the power of mentorship[03:43] A timeless strategy of house hacking and its foundational role in real estate investment[13:12] Ways to build a real estate-driven business empire[20:17] How to forge a legacy centered on education and empowerment[26:26] The role of education in attaining real estate successResources mentioned in this episode[05:02] Carleton H. Sheets' NO DOWN PAYMENT 12-CD Audio Program![22:11] Investor Agent: Making More Money Not More Work by Gary Wilson | Paperback[13:12] Rich Dad's CASHFLOW Quadrant by Robert T. Kiyosaki | Paperback, Kindle, and Spiral BoundAbout Gary WilsonGary is the training and product development director and lead coach in The Global Investor Agent Team. At 40, he retired as a Corporate Vice-President of Mergers & Acquisitions in National Banking. In the first 6 months after earning a real estate license, he created 6 figure income, working with Investors, completing over 100 transactions per year consistently every year without a sales team or assistant, with virtually no marketing costs. Gary traded over 3,000 Investment properties in less than 5 years while developing five real estate holding companies and owning more than 250 Rental Units. He became a self-made multi-millionaire by building a real estate enterprise, including a brokerage, property management company, investment, settlement, and appraisal services.Connect with GaryWebsite: Global Investor Agent Team Follow Us On Social MediaYouTube: Truly Passive IncomeTikTok: @trulypassiveincomeInstagram: @truly_passive_incomeFacebook: Truly PassiveTwitter: @trulypassiveDownload Our FREE Passive Investor ToolkitEverything you need to get started in passive investing - Download Here
33:2418/03/2024
Best Tips to Build Generational Wealth in Real Estate with Jimmy Vreeland
Join Jimmy Vreeland as he delves into a range of real estate strategies, from long-term plays to alternative investments. Explore the profound impact of scarcity on the market in this insightful episode, and tune in for valuable insights and actionable advice to empower your journey in real estate and finance.Key takeaways to listen for[04:28] The importance of shared goals to create a thriving team[09:28] Real estate investment tips for high-income earners[13:24] Long-term investment strategies for the 2024 real estate market[20:28] Alternative ways to build wealth in real estate[25:16] How scarcity is reshaping real estate investingResources mentioned in this episode[01:02] Rich Dad Poor Dad by Robert T. Kiyosaki | Kindle, Paperback, and Mass Market Paperback[01:56] Kolbe Test[05:03] How Leadership (Actually) Works by Larry Yatch | Kindle, Paperback, and HardcoverAbout Jimmy VreelandJimmy Vreeland, a West Point graduate and Army veteran, transitioned to the private sector after a distinguished military career. He excelled in sales, then turned his focus to real estate, succeeding in acquiring and managing properties for himself and others. In 2018, he co-founded CashFLow Tactics to empower investors with real estate education.Connect with JimmyWebsite: Vreeland CapitalLinkedIn: Jimmy VreelandInstagram: @jimmyvreelandFollow Us On Social MediaYouTube: Truly Passive IncomeTikTok: @trulypassiveincomeInstagram: @truly_passive_incomeFacebook: Truly PassiveTwitter: @trulypassiveDownload Our FREE Passive Investor ToolkitEverything you need to get started in passive investing - Download Here
29:5911/03/2024
Scale Your Business by Forming Your Own Board of Directors with Dan Pierson
Join us in this episode with Dan Pierson as he takes us on his entrepreneurial journey, from simple college ideas to real estate triumphs. Discover his strategy for building a personal board of directors and the transformative power of advice over mere finances. Don't miss this enriching conversation on the keys to entrepreneurial success.Key takeaways to listen for[10:46] Benefits of shifting from operational to capital-focused roles in the real estate industry[16:57] Why and how you should build your own board of directors[23:00] Metrics to consider when building your own boardroom[25:33] Ways to identify the right operators for your real estate business[28:58] Things to examine when doing asset class expansionsResources mentioned in this episode[00:32] Billion Dollar Boardroom[01:12] University of Cincinnati[09:31] Airbnb[19:28] EY Entrepreneur of the Year™[21:17] MastermindAbout Dan Pierson Dan is the Managing Partner of Pierson Equity Group. He is leading the company using his insight and long-standing relationships in commercial real estate. He was a collegiate athlete at the University of Cincinnati from 2010 to 2013 while studying business and entrepreneurship. He started pursuing commercial real estate in 2011 by attempting to buy out a large operator of parking garages in Cincinnati, Ohio, before finding a great opportunity in the fitness industry.Dan purchased his first operational fitness center in 2012 at the age of 20. His success in the fitness industry paved the way for expansion into different regions with multiple locations. He started a business intermediary firm in 2019 and has exclusively sold over $4 million in small businesses and assisted in the sale of over $50 million of real estate. He spent years building relationships with some of the top apartment buyers in the nation before launching Pierson Equity Group.Connect with DanWebsite: Pierson Equity GroupEmail: [email protected] Us On Social MediaYouTube: Truly Passive IncomeTikTok: @trulypassiveincomeInstagram: @truly_passive_incomeFacebook: Truly PassiveTwitter: @trulypassiveDownload Our FREE Passive Investor ToolkitEverything you need to get started in passive investing - Download Here
34:3404/03/2024
Alternative Investing Tips and Strategies for 2024 with Erik Hemingway
In this captivating panel discussion, Clint Harris and Erik Hemingway explore their transformative journey in real estate investing. Discover the strategic steps that propelled them beyond financial independence, granting them genuine control over their time and life decisions. Whether you're a novice investor or have some experience, this episode has valuable insights tailored for you.Key takeaways to listen for[05:35] Core values and beliefs held by successful investors[10:26] Main reasons to change your existing business strategy[22:39] Advantages of choosing the right asset class to invest in[37:22] Importance of return on equity for investors[33:30] Is liquidating your multifamily portfolio for something less labor-intensive a good idea?Resources mentioned in this episode[03:46] Rich Dad Poor Dad by Robert T. Kiyosaki | Kindle, Paperback, and Mass Market Paperback[24:09] BiggerPockets[25:04] Airbnb[26:07] Left Field InvestorsAbout Erik Hemingway Erik Hemingway is the Founder of Nomad Capital, a company syndicating self-storage, specializing in conversions throughout the Southeast. He is the Owner and President of Elm Builders LLC, a commercial and property development company.Connect with ErikWebsite: Nomad CapitalFollow Us On Social MediaYouTube: Truly Passive IncomeTikTok: @trulypassiveincomeInstagram: @truly_passive_incomeFacebook: Truly PassiveTwitter: @trulypassiveDownload Our FREE Passive Investor ToolkitEverything you need to get started in passive investing - Download Here
39:1026/02/2024
Put Your Money to Work in Passive Multifamily Investments with Ed Mathews
Join Ed Mathews on a journey into the world of passive investing in multifamily real estate. Learn from his firsthand experiences, uncover the origins of his investing journey, and understand why he strategically shifted towards fewer buildings. Don't miss out on this opportunity to tune in and gain valuable insights!Key takeaways to listen for[02:38] Classic ways to educate yourself about real estate[08:12] Why going for fewer but bigger buildings is a better investment strategy[11:53] Lessons you can learn during your real estate journey[20:51] Effective strategies when starting a real estate business[23:50] Proven tactics for multifamily real estate investorsResources mentioned in this episode[02:42] Rich Dad Poor Dad by Robert T. Kiyosaki | Kindle, Mass Market Paperback, and Paperback[06:46] AirbnbAbout Ed Mathews Ed is a seasoned executive, leveraging the experience he earned during his 20 years in service of world-class Silicon Valley companies to take advantage of US commercial real estate market opportunities and mentor real estate investors. He is the President of Clark St Capital, focusing on multifamily and mixed-use investment properties in Connecticut and throughout the US.He obtained his Bachelor’s degree in English, majoring in Mass Communications at Villanova University. Connect with EdWebsite: Clark St CapitalPodcast: Real Estate Underground on Apple PodcastsFollow Us On Social MediaYouTube: Truly Passive IncomeTikTok: @trulypassiveincomeInstagram: @truly_passive_incomeFacebook: Truly PassiveTwitter: @trulypassiveDownload Our FREE Passive Investor ToolkitEverything you need to get started in passive investing - Download Here
32:0519/02/2024
It’s Never Too Late To Protect Your Assets! with Scott Royal Smith, Esq.
Explore the essential aspects of asset protection in wealth building in this engaging discussion with Scott Royal Smith, Esq. Press play to gain valuable insights that will shift your perspective on investing, and join us for an eye-opening conversation that emphasizes how smart financial decisions can pave the way to your ideal lifestyle.Key takeaways to listen for[07:02] When should you start asset protection planning?[08:48] The best asset protection strategies and how they work[14:54] The consequence of not having an asset protection plan[17:07] Investing tips to help you make the most of your money and life[25:33] Why you shouldn’t wait to live your life until you’re financially freeResources mentioned in this episode[17:47] TIGER 21[17:48] GoBundanceAccess a collection of resources to help you on your journey to becoming financially free by visiting https://vault.royallegalsolutions.com/landing?space. Sign up now to be the CEO of your own wealth-building company!About Scott Royal Smith, Esq.Scott is a former litigator who now helps real estate investors protect their assets. He is personally and currently invested in every real estate asset class. He obtained his Bachelor's degree at Hillsdale College and his Doctor of Law (JD) at Albany Law School.In 2014, he founded Royal Legal Solutions. Since then, he has built a nationwide team of 30 – including 4 attorneys, 8 paralegals, CPA/MBA/CFO, insurance agents, and investing specialists – and they protect over 1.2 billion in assets for over 2000 real estate investors nationwide.Connect with ScottWebsite: Royal Legal SolutionsFollow Us On Social MediaYouTube: Truly Passive IncomeTikTok: @trulypassiveincomeInstagram: @truly_passive_incomeFacebook: Truly PassiveTwitter: @trulypassiveDownload Our FREE Passive Investor ToolkitEverything you need to get started in passive investing - Download Here
30:0712/02/2024
Build A Passive Income Portfolio By Investing Only 2 Hours A Month with Brett Riggins
Get ready for an insightful look into a smart business approach that lets you build a passive income portfolio while working a full-time job. Tune in as we talk with Brett Riggins about Physician Wealth Systems and how it can help investors. So, if you’re a high-income earner wanting to diversify your portfolio, this is an episode you won’t want to miss!Key takeaways to listen for[04:15] Physician Wealth Systems: What it is, how it works, and its advantages[14:01] Significance of understanding market trends and cycles in real estate[21:19] What is the shiny object syndrome, and how do entrepreneurs deal with it?[23:25] Pros and cons of accepting Section 8 tenants[29:23] A typical exit strategy for a long-term high-income investorResources mentioned in this episode[18:09] Zillow [18:11] Explore Street ViewAbout Brett RigginsBrett is a twenty-year veteran of the real estate business whose passion is helping people connect with the life they want. He is the Founder of Connect Home Buyers, LLC and Physician Wealth Systems.Brett graduated from Western Michigan University with a degree in Construction Engineering. He is a mentor, podcaster, public speaker, and coach based out of Charlotte, North Carolina, where he lives with his wife and two kids. He connects people across the country and beyond with the tools they need to create the life they want.Connect with BrettWebsite: Physician Wealth SystemsFollow Us On Social MediaYouTube: Truly Passive IncomeTikTok: @trulypassiveincomeInstagram: @truly_passive_incomeFacebook: Truly PassiveTwitter: @trulypassiveDownload Our FREE Passive Investor ToolkitEverything you need to get started in passive investing - Download Here
34:0205/02/2024
Pick The Ideal Strategy to Fit Your Unique Financial Profile
Are you having difficulty selecting the most effective investment method for yourself? Join us in this insightful episode as we discuss the pros and cons of various popular investment strategies, empowering you to make informed investment decisions. Tune in now!Key takeaways to listen for[03:24] Why you need to begin with the destination in mind[04:44] Pros and cons of turnkey properties[09:01] BRRRR method: What it is and how does it work?[16:00] How to choose the right investing strategy for you[20:23] Benefits of investing in real estate syndicationsResources mentioned in this episode[21:13] Nomad Capital[21:59] AirbnbFollow Us On Social MediaYouTube: Truly Passive IncomeTikTok: @trulypassiveincomeInstagram: @truly_passive_incomeFacebook: Truly PassiveTwitter: @trulypassiveDownload Our FREE Passive Investor ToolkitEverything you need to get started in passive investing - Download Here
29:4629/01/2024
Is Angel Investing Worth It For Passive Investors? with Jeff Barnes
Drawing on his military background, Jeff Barnes applies a systematic approach to the business world, emphasizing the advantages that have fueled his success in navigating the distinctive landscape of angel investing. Join us to gain valuable insights and delve into the strategic mindset that has contributed to his success in this investment niche.Key takeaways to listen for[16:36] How the Angels and Heroes Growth Fund started[19:14] Simple steps to attract angel investors to your startup[24:52] Guidelines for conducting due diligence in angel investing[31:45] Best angel investing practices from an angel investor[35:29] Core lessons from Jeff’s book “The Ultimate Guide to Self-Directed Investing & Retirement Planning”Resources mentioned in this episode[16:36] Angels & Heroes Venture Growth Fund[16:38 | 30:15] C-Suite Network[35:07] The Ultimate Guide to Self-Directed Investing & Retirement Planning by Jeff Barnes | PaperbackAbout Jeff BarnesJeff is a US Navy Veteran, a Risk Manager and Director, a technology enthusiast, a business growth expert adviser, and a management consultant. He is currently the CEO and Chairman of the Executive Board of Angel Investors Network and the Founder of Digital Evolution Marketing Group.Jeff supports nonprofits supporting military events and spends most of his time helping CEOs and founders of growing companies automate, systematize, and scale their businesses.Connect with JeffWebsite: Angel Investors NetworkLinkedIn: Jeff BarnesFollow Us On Social MediaYouTube: Truly Passive IncomeTikTok: @trulypassiveincomeInstagram: @truly_passive_incomeFacebook: Truly PassiveTwitter: @trulypassiveDownload Our FREE Passive Investor ToolkitEverything you need to get started in passive investing - Download Here
43:1322/01/2024
Secure Your Child's Future with This Smart College Savings Strategy
Are you considering early savings for your kids' college education? Then, this is an episode you won't want to miss! From diverse strategies to actionable tips, today's conversation is a goldmine for parents aiming to pave the best educational path for their children. So, go ahead and press that play button!Key takeaways to listen for[01:18] How to save for your kids’ college education through real estate investing[14:10] Advantages of investing in real estate vs. an IRA for your kids’ college fund [25:42] Pros and cons of using a real estate syndication as a type of 529 college fund[26:59] The do’s and don’ts of investing money in real estate syndications[30:32] Ways to teach kids the value of moneyResources mentioned in this episode[15:15] 529 Plan Withdrawal Rules: All You Need To Know – Forbes Advisor[18:55] Retire Early Using 1031 Exchanges[23:06] Nomad Capital[23:44] Kmart[25:57] AirbnbFollow Us On Social MediaYouTube: Truly Passive IncomeTikTok: @trulypassiveincomeInstagram: @truly_passive_incomeFacebook: Truly PassiveTwitter: @trulypassiveDownload Our FREE Passive Investor ToolkitEverything you need to get started in passive investing - Download Here
36:3215/01/2024
Investment Opportunities Investors Need To Know About in Self-Directed IRAs with Anne Marie Rogers, CISP
In this episode, Anne Marie Rogers, CISP, delves into the realm of self-directed IRAs and alternative investments, offering valuable insights to help you navigate these financial avenues. Tune in to gain a deeper understanding of how these unique investments work and uncover effective strategies to enhance your financial journey today!Key takeaways to listen for[0:42] Self-directed IRA: What it is, how it works, and what alternative investments you can use it on[11:26] What you need to know before investing using your 401k and IRA[17:00] An effective way to leverage your self-directed health savings account[20:45] The importance of diversifying your investment portfolio[22:26] Perks of joining an investor networkResources mentioned in this episode[04:52] Airbnb[04:54] Vrbo[11:17] Nomad CapitalAbout Anne Marie Rogers, CISPAnne Marie is the Vice President of Sales and Business Development of Quest Trust Company. In this role, she defines strategic sales plans and company objectives to maximize the growth of the company.In the past, she has been a Sales Officer and Marketing Director of the same company and a Certified IRA Services Professional (CISP) from 2015 until the present. She helps clients in investing in a variety of private assets and is actively involved in educating individuals about investment options. She has a degree in Bachelor of Arts in Communication from St. Edward’s University and is currently based in Houston, Texas, USA.Connect with Anne MarieWebsite: Quest Trust CompanyPhone: 855-386-4727Follow Us On Social Media
26:4101/01/2024
Year End Special: Truly Passive Income’s Best of 2023
Join Neil and Clint as they take a trip down memory lane and revisit the podcast's top moments of 2023. Tune in and learn which episodes garnered love or criticism on social media, and gain insights and lessons about passive income from the content of the past year.Resources mentioned in this episode[02:00] How Adding HVAC Increased the Cash Flow and Value of a Storage Facility[07:53] Spencer Cornelia explains why sports betting affiliate marketing is one of the worst industries due to unrealistic claims and enabling gambling addiction[12:31] Replying to @Connor [15:40] Breaking Bad[17:03] Avoiding the Entrepreneur’s Trap: Maintaining Freedom While Building Wealth[22:42] Matt MacFarland shares an example of how a retired syndication investor created over $200,000 in annual tax-free cash flow utilizing depreciation[28:56] Pay taxes now by maxing out contributions to a Roth IRA early in your career - the tax-free growth will make you rich over time[32:22] Robert Shortsleeves talks about how his first real estate investment was buying a rice field in Indonesia, which led him into wholesaling houses[33:48] The Key Loan Factors that Give You a Margin of Safety in Commercial Real Estate[41:25] Alex Felice suggests having hobbies for health, money, and creativity provides a balanced life for those seeking a fulfilling life[46:02] Spencer Cornelia pulls back the curtain on the research, script-writing, planning, and production that goes into a successful weekly YouTube video[50:00] Supercharge Your Real Estate Investments: Syndications for Scalable Wealth[54:40] The way to wealth and freedom is to build several streams of incomeFollow Us On Social MediaYouTube: Truly Passive IncomeTikTok: @trulypassiveincomeInstagram: @truly_passive_incomeFacebook: Truly...
49:5225/12/2023
Future-Proof Your Legacy through Estate Planning with Natalie Perry, CPA
Click play and take the first step towards a more secure tomorrow in today’s episode with Natalie Perry, CPA. Listen in for a thought-provoking discussion on estate planning and its importance in safeguarding your family’s future. This is a conversation you won’t want to miss!Key takeaways to listen for[00:37] What is estate planning, who needs it, and why is it important[11:09, 24:08] How does estate planning help your beneficiaries and future generations?[15:11] The risks of not having an estate plan[20:54] How much does estate planning cost[31:01] Why you need to name your kids’ guardians in your will[36:22] Ways your estate plan can give to charity and its benefitsResources mentioned in this episode[37:15] IRSAbout Natalie Perry, CPANatalie is an attorney at Harrison LLP. She helps clients address estate planning and probate legal issues. She graduated in 1995 from DePaul University College of Law and was admitted to practice law in 1995. She represents clients in the Chicago area.Natalie is a frequent speaker at professional education events for attorneys and accountants. Natalie was elected as a Fellow of the American College of Trust and Estate Counsel (ACTEC) in 2016. She is currently chair of the Communications Committee and an active member of the Business Planning Committee for ACTEC.Natalie is also a member of the board of directors of the Chicago Estate Planning Council. From 2018 through 2019, Natalie was Chairperson for the Hinsdale Hospital Foundation.Connect with NatalieWebsite: Harrison LLPLinkedIn: Natalie M. Perry CPA JDFollow Us On Social MediaYouTube: Truly Passive IncomeTikTok: @trulypassiveincomeInstagram: @truly_passive_incomeFacebook: Truly PassiveTwitter: @trulypassiveDownload Our FREE Passive Investor ToolkitEverything you need to get started in passive investing - Download Here
41:4418/12/2023
Earn Tax-Protected Retirement Wealth via Self-Directed IRAs with Carrie Cook
Explore the untapped potential of your retirement fund with Carrie Cook in this engaging discussion on self-directed IRAs. Gain insights into the various types, uncover the associated benefits and challenges, and stay tuned until the end to empower your retirement journey. Don't miss out on maximizing your earning potential – join the conversation today!Key takeaways to listen for[01:22] What are the 4 types of IRAs, how they work, and which one is right for you[10:41] Top 3 alternative investment assets and the factors that impact them[19:28] Expert tips to help you avoid becoming a naive investor[27:00] Roth IRA vs. Traditional IRA: Their benefits and key differences[38:07] Biggest mistakes people make when investing retirement funds into alternative assets and how to solve themResources mentioned in this episode[15:38] Delaware Depository[15:42] Brink’s[19:12] Airbnb[28:10] Bitcoin[30:43] FacebookAbout Carrie CookCarrie currently serves as President of Ignite Funding and CEO of Preferred Trust Company. With 17 years of expertise in private lending, she holds licenses from the Nevada Mortgage Lending Division and the Arizona Department of Financial Institutions.Under Carrie's leadership, Ignite Funding has funded over $1 billion, emphasizing growth while preserving investor capital. As CEO of Preferred Trust Company, a licensed retail trust company specializing in alternative assets for IRA owners, Carrie oversees all aspects, demonstrating her commitment to transparency. She is a certified Self-Directed IRA Professional and has garnered recognition in notable financial publications and industry awards.Connect with CarrieWebsite: Preferred Trust CompanyFollow Us On Social MediaYouTube: Truly Passive IncomeTikTok: @trulypassiveincomeInstagram: @truly_passive_incomeFacebook: Truly PassiveTwitter: @trulypassiveDownload Our FREE Passive Investor ToolkitEverything you need to get started in passive investing - Download Here
41:4411/12/2023
How Investors Acquire Holistic Wealth and Prosperity with Zach Oehlman
Get ready for a motivating discussion with Zach Oehlman about the power of real estate in creating opportunities for time and financial freedom. Join us as we go over his investment journey to discover not only the keys to success but also the path to purposeful and joyful living. So keep listening until the end of this episode!Key takeaways to listen for[10:58] Importance of a good sales and marketing team in business success[14:06] Real estate classes to invest in to maximize benefits and returns[21:42] The mindset you need to be highly successful and happy[28:56] Benefits and essential aspects of making money online[32:29] Why following the gold standard might be a terrible ideaResources mentioned in this episode[01:18] One Up On Wall Street by Peter Lynch | Kindle and Paperback[07:02] Genius in 21 Days[16:19] Nomad Capital[16:30] Airbnb[35:53] BitcoinAbout Zach OehlmanZach is the founder of Learn and Grow Rich, a dynamic platform empowering individuals to attain holistic wealth and prosperity. Zach’s background is rooted in a small farming community in Northwest Indiana, where he learned the values of hard work and perseverance. After earning a double degree in Finance and Business from Indiana University, he went on to work as a commodities broker at the Chicago Board of Trade. He eventually became a high-end financial consultant. After his corporate job, Zach became an entrepreneur and now runs multiple companies with over 45 people in 11 countries. His focus is on starting, scaling, and selling businesses. He and his wife have been traveling the world full-time for the last 3.5 years.Connect with ZachWebsite: Learn and Grow RichBlog: Blog - Indiana OehlmanFollow Us On Social MediaYouTube: Truly Passive IncomeTikTok: @trulypassiveincomeInstagram: @truly_passive_incomeFacebook: Truly PassiveTwitter: @trulypassiveDownload Our FREE Passive Investor ToolkitEverything you need to get started in passive investing - Download Here
40:5504/12/2023
Cracking the Code on Cost Segregation Tax Savings for Passive Investors
Neil Henderson chats with Erik Oliver, president of Cost Segregation Authority, to introduce the exciting world of cost segregation and how it can save passive real estate investors a bundle on taxes. Turn up the volume to learn how cost segregation studies work, when they make sense to pursue, plus tips and tricks for maximizing tax savings.Timestamps[1:40] What is a cost segregation study and how does it work?[4:45] Real-life examples of cost segregation savings[8:30] Bonus depreciation rules explained[12:10] Using cost seg to offset W-2 income[17:30] Estimated cost and expected savings[23:20] Managing depreciation recapture[29:20] Other strategies to minimize taxesKey TakeawaysCost segregation accelerates depreciation deductions by breaking out components of a property into shorter useful livesStudies make the most sense on larger commercial properties but can also benefit residential30-35% frontloaded depreciation is typical, more with bonus rulesDeductions can offset other passive or active income if you meet qualificationsExpect at least 10x return for cost of studyMust understand depreciation recapture tradeoffs over long-termResourcesCost Segregation Authority Website: www.costsegauthority.comErik's Email: [email protected] Us On Social MediaYouTube: Truly Passive IncomeTikTok: @trulypassiveincomeInstagram: @truly_passive_incomeFacebook: Truly PassiveTwitter: @trulypassiveDownload Our FREE Passive Investor ToolkitEverything you need to get started in passive investing - Download Here
34:0227/11/2023
What is DST | Unveiling an Uncharted Investment Frontier with Trevor Flor
Trevor Flor chats with us in today’s episode to introduce an uncommon investment opportunity – Delaware Statutory Trusts (DST). Dial in to learn the ins and outs of DSTs, plus some tips for maximizing returns using this investment vehicle. Redefine how you approach investing now!Key takeaways to listen for[11:42] Delaware Statutory Trust: What it is and how it solves the TIC problem[18:13] 1031 exchange vs. DST 1031 exchange[20:40] Why DST is more costly than a normal syndication[28:00] Optimal investment strategies when using DST[32:00] How to know if you are eligible for a DST portfolio[40:37] An example of a successful DST storyResources mentioned in this episode[09:07] Episode 17: Retire Early Using 1031 Exchanges with Dave Foster | YouTube and Podcast[50:31] GoogleAbout Trevor FlorTrevor is a financial advisor specializing in 1031 exchanges, Qualified Opportunity Zones (QOZ), and tax-advantaged real estate syndications. He helps accredited investors preserve the benefits of real estate ownership without the direct-owner headaches.Trevor holds an MBA Degree from the University of North Carolina and a Master's Degree in Real Estate from Fordham University in New York City. He is currently affiliated with DAI Securities, LLC, a member of FINRA/SIPC. Connect with TrevorWebsite: DAI SecuritiesLinkedIn: Trevor FlorEmail: [email protected] Us On Social MediaYouTube: Truly Passive IncomeTikTok: @trulypassiveincomeInstagram: @truly_passive_incomeFacebook: Truly PassiveTwitter: @trulypassiveDownload Our FREE Passive Investor ToolkitEverything you need to get started in passive investing - Download Here
47:2813/11/2023