Chris Odegard joins us in today’s episode to talk about the world of alternative investments and why they outperform conventional options. Don’t miss out on his insights on various real estate asset classes, limited partnership advantages, and essential tips for investing with your 401k.Key takeaways to listen for[07:51] Why alternative investments are better than conventional ones[12:26] The benefits and risks of diversifying your investments[14:06] What is the best first investment strategy for beginners[18:05] Chris’ expert opinions regarding different real estate asset classes[25:35] Advantages of joining communities for investors as a limited partner[32:42] Important things you need to know about investing with your 401kResources mentioned in this episode[07:56] Rich Dad’s CASHFLOW Quadrant by Robert Kiyosaki | Kindle and Paperback[24:54] Left Field Investors[35:20] Get off Your A$$ and Manage Your Money by Chris Odegard | Paperback About Chris OdegardChris is The Prolific Investor. He is an average guy who had a white-collar job in the corporate world and followed the only thing he knew for decades, conventional wisdom and conventional investment. This worked relatively well until 2009 when he experienced an illiquidity event where he lost 55% of his assets and thousands of dollars per month in cash flow. Then, his mind was opened to a different type of investing after reading Robert Kiyosaki’s Rich Dad, Poor Dad. In just nine years, Chris recouped the 55% he had lost and multiplied it many times over and now shares his experience and knowledge through his book Get off Your A$$ and Manage Your Money: Why You Need Alternative Investments and his alternative investment blog at TheProlificInvestor.net.Connect with ChrisWebsite: The Prolific InvestorFollow 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

Are you interested in investing in real estate but don’t know where to start? Then this is the episode for you. We invited Lane Kawaoka to join us in discussing valuable insights and strategies that will assist you in uncovering the fundamental keys to passive investing success. Tune in now!Key takeaways to listen for[03:28] An engineer's unique approach to real estate investing[08:32] Which investment strategy is right for investors with less than a million net worth?[16:25] The importance of building a powerful investment community[25:06] How to identify the right people to invest your money in[35:20] Biggest advantages of being a real estate operatorResources mentioned in this episode[19:10] The Family Office Ohana Mastermind[43:09] The Journey to Simple Passive Cashflow by Lane Kawaoka | PaperbackAbout Lane KawaokaLane Kawaoka's mission is to help regular people into good deals that were once only accessible to the rich. With over $2.1+ Billion in AUM spread over 10,000+ total units and a decade of successful investing, Lane also hosts the Top-50 Investing Podcast Simple Passive Cashflow and is a member of the Forbes Business Council & Fast Company Executive Board.Today, Lane is investing in syndications in Class C & B Multi-family apartments, RV Parks, mobile homes, and assisted living facilities because of this Nation's demand for affordable housing – not rich people's Class-A assets. After 12 years as a Licensed Professional (PE) Civil/Industrial Engineer, Lane fired the boss in 2018 to focus 100% of his time on investing and helping others reach the same financial freedom he has.Connect with Lane Website: Simple Passive Cashflow | The Wealth ElevatorPodcast: Passive Real Estate Investing via Simple Passive Cashflow PodcastLinkedIn: Lane Kawaoka, PEEmail: [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

From unique real estate strategies to the intricate world of content creation, we’re excited to have Spencer Cornelia on our show to share his knowledge and expertise in the realm of investment and financial planning. Join us and gain valuable insights that will help you make crucial decisions that will shape your financial future.Key takeaways to listen for[05:00] A unique approach to starting and growing your real estate career[14:47] Challenges in today’s housing market and ways to solve them[22:47] Importance of finding the right niche and debunking passive income myths[31:01] Top things you need to know about online content creation and monetization[43:23] Investing in real estate vs. online content creationResources mentioned in this episode[03:02] BiggerPockets[07:08] Airbnb[09:26] YouTube[09:49] Pace Morby[13:17] TikTok[23:40] Coffeezilla[35:14] Google AdSense [44:04] The Richest Man in Babylon by George S. Clason | Kindle, Paperback, and HardcoverAbout Spencer CorneliaSpencer is a YouTube content creator with over 440,000 subscribers. He specializes in making videos criticizing "fake gurus." Spencer is also involved in real estate and specializes in house hacking.Connect with SpencerYouTube: Spencer CorneliaLinkedIn: Spencer CorneliaInstagram: @spencercornelia1Follow 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

If you want to know more about self-storage investment, this episode is for you! Check out today’s episode with Cory Sylvester, where we discuss why self-storage is an optimal investment and look at post-pandemic developmental costs. Click on the play button to learn more!Key takeaways to listen for[10:01] Why self-storage could offer the highest investment returns[11:48] The most important factor to consider when investing in a self-storage facility[23:07] Key factors highlighting the resilience of self-storage investment [28:92] An overview of developmental costs in the post-pandemic era[29:46] How can technology consolidate and optimize self-storage assets?Resources mentioned in this episode[11:19] Radius+About Cory SylvesterCory is the co-founder of Radius+, DXD Capital, and Manage Space. He boasts a 14-year experience in the financial and real estate industry, which he leverages in various projects. His primary focus is on establishing the industry’s largest platform dedicated to the construction and acquisition of self-storage facilities. Cory's deep-seated passion centers around harnessing data and cutting-edge technology to optimize the development, operational efficiency, and investment strategies for self-storage properties across the United States.Connect with CoryWebsite: DXD.CAPITALX: @StorageDataDevLinkedIn: Cory SylvesterFollow 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

Are you a passive investor looking for profitable investment opportunities? Tune in to today’s episode with Chris Larsen as he shares the story of his success across diverse assets and offers achievable steps to pave your way toward generational wealth. Tap on the play button to begin your learning experience now!Key takeaways to listen for[09:15] The ultimate framework for finding multiple lucrative investments[25:18] Expert tips for long-term customer relationships in the car wash business[29:33] An optimal strategy to reduce your operation costs by 30%[32:52] Real estate market outlook and factors that affect your business[37:23] Building generational wealth: Practical steps to teach kids about moneyResources mentioned in this episode[01:40] Virginia Tech[19:56] Hurricane Express WashAbout Chris LarsenChris is the founder and principal of Next-Level Income. He transitioned from an 18-year career in the medical device industry to empowering others to achieve financial independence through educational initiatives and investment prospects. With over 20 years of experience in real estate investment and management, he demonstrates proficiency in various facets of the field, such as development, private lending, distressed debt, commercial office properties, and syndications. His portfolio includes hotels, multifamily residences, car washes, self-storage units, mobile home parks, and senior housing. Since 2016, Chris has actively engaged in real estate acquisitions totaling more than $1.5 billion.Connect with ChrisWebsite: Next Level IncomeFollow 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

Are you eager to become an investor but find yourself short on time? Learn about an innovative way to earn passive income in today’s episode with Sam Wilson as we talk about an up-and-coming investment opportunity that’ll help you earn steady cash flow. Tune in now for more!Key takeaways to listen for[04:19] Ups and downs of investing in the parking space[13:49] 3 things to look for in passive investors as an operator[22:34] Advantages of investing in laundry facilities[27:39] The best business model to follow for a laundry facility[39:16] Essential things to consider when operating a laundromatResources mentioned in this episode[14:20] Airbnb [22:50] Google[24:23] Tide[30:25] DoorDashAbout Sam WilsonSam has been an active investor in self-storage, parking, multi-family properties/apartments, single-family homes, RV Resorts, and laundry facilities for over a decade. Sam also has a diverse business ownership and management background, allowing him to participate in various asset classes.His weekly podcast, How to Scale Commercial Real Estate, is rated in the top 1% worldwide, has 40K+ monthly downloads, and boasts nearly 800 episodes with industry influencers. Sam focuses solely on the laundry facility space for his personal and investors’ portfolios.Connect with SamWebsite: Bricken Investment GroupPodcast: How to Scale Commercial Real EstateFollow 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

Ready to discover the secrets of real estate success? Check out today’s episode with Taylor Loht, where we chat about the power of time investment, plus some game-changing hacks to help you raise capital like a pro. Press that play button to learn more!Key takeaways to listen for[04:04] Difference between investing in Wall Street vs. real estate[09:06] Strategies to earn cash flow as a real estate investor[13:17] Actionable tips to boost your capital-raising capabilities[23:51] How social media platforms can help you find potential investors[33:53] An expert advice on how to vet your real estate operatorsResources mentioned in this episode[00:39] The Road to Family Freedom[01:56] The Intelligent Investor by Benjamin Graham and Jason Zweig | Paperback and Hardcover[10:38] Rich Dad Poor Dad by Robert T. Kiyosaki | Kindle and Paperback [19:36] Who Not How by Dan Sullivan | Kindle and Hardcover [25:33] BiggerPockets [37:06] GoogleAbout Taylor LohtTaylor is the founder of NT Capital Group. He started his real estate investing career to escape from the uncertainty of Main Street in his investments. Taylor started NT Capital to help others access different types of investment opportunities. He also has a podcast that he hosts called Passive Wealth Strategy Show. Connect with TaylorWebsite: NT Capital | Passive Wealth With Real EstatePodcast: Passive Wealth Strategy Show - Real Estate for Busy ProsYouTube: Passive Wealth Strategy ShowEmail: [email protected] 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...

On this episode, we welcome Brian Davis, a real estate investor who started buying rental properties shortly before the 2008 house collapse. After that expensive lesson, Brian went on to co-found Spark Rental, a platform for educating others on passive real estate syndications.Brian walks us through his journey from investing his own money to pooling funds as a club. We discuss the club's diversification across operators, geographies, asset classes and debt terms. Brian also shares how he designed his location-independent lifestyle, his family's adventures living abroad, and the intentional choices they make around communities, schools and investing.Timestamps[00:00:22] Brian's start in real estate and early lessons[00:02:19] Most valuable lesson from the recession[00:06:20] Back to fundamentals of analyzing deals[00:08:31] Forming a real estate investment club[00:11:19] Club's process for vetting deals[00:18:07] Pursuing diversification across strategies[00:21:01] Starting the overseas expat life[00:25:11] Different asset classes get different loan rates[00:27:54] Dollar cost averaging over market timing[00:34:05] Living intentionally to reflect valuesKey TakeawaysBrian started buying rental properties before the 2008 recession, when he lost money and learned valuable lessons about analyzing deals.After co-founding Spark Rental, Brian discovered syndications were an easier way to invest passively in real estate.Spark Rental's investment club pools funds to make syndications accessible to small investors, pursuing diversification across operators, geographies, asset classes and debt terms.The club vets deals thoroughly, leveraging the community's collective intelligence to ask sponsors tough questions and uncover risks.Brian designed his business and investments to enable a location-independent lifestyle with his family across the world.He believes in steadily dollar cost averaging into diverse real estate deals rather than trying to time markets.Resources & Social MediaSpark Rental website: sparkrental.comBrian's email: [email protected] Rental on Instagram: @sparkrentalFollow 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

In this episode of the Truly Passive Income Podcast, hosts Neil Henderson and Clint Harris are joined by the insightful Chad Ackerman, co-founder of Left Field Investors. Diving into a captivating discussion, they reminisce about their recent encounter at the 'best ever conference' in Salt Lake City and delve deep into the world of passive investing. From market nuances to community building, this episode promises a treasure trove of knowledge for every passive income enthusiast.Timestamps:[00:01:25] - Introduction and Chad's initial journey into passive investing[00:11:37] - Strategic approaches to passive investing[00:15:07] - The rapid growth of Left Field Investors[00:17:50] - Incorporating financial education into daily life[00:20:20] - Chad's decision to leave the corporate world[00:23:02] - The intricacies of underwriting deals[00:25:57] - Diverse investment opportunities across locations[00:28:44] - Chad's affinity for unique investment ventures[00:31:03] - Balancing investment strategies with personal life stages[00:34:06] - Realizations and reflections on passive incomeKey Takeaways:Chad Ackerman's introduction and his role as the co-founder of Left Field Investors.The importance of passive investing and the journey to understand its potential.The transformative power of self-investment and the role of podcasts in personal growth.Different paths in the real estate trajectory and its varied experiences.Resources and Social MediaWebsite: LeftFieldInvestorsEmail: [email protected]: Left Field InvestorsBooks Mentioned: Anti-Fragile by Nassim Nicholas TalebFollow 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

In this information-packed episode, Dave Foster, a 1031 exchange specialist, shares his extensive knowledge on using 1031 exchanges to maximize tax savings and build generational wealth through real estate investing. He provides real-world examples of how he utilized 1031 exchanges to retire early and live on a sailboat while raising his family.Timestamps[00:03:05] How Dave used 1031 exchanges to convert investment properties into primary residences to generate tax-free profits[00:06:05] Overview of primary residence capital gains tax exemption rules[00:09:02] How Dave leveraged 1031 exchanges to fund an early retirement on a sailboat[00:19:35] Dave explains the "4 D's" of 1031 investing - Deferred, Delay, Defer, Dodge[00:23:12] Using 1031 exchanges to relocate and purchase undervalued properties[00:27:18] Converting 1031 investment properties into primary residences[00:31:37] Hacking 1031 exchanges to invest in syndications[00:37:25] Paying some tax to invest in syndications with 1031 proceeds[00:39:57] Overview of reverse 1031 exchanges[00:44:13] Advanced strategies for improving 1031 exchange propertiesKey Takeaways1031 exchanges allow real estate investors to defer capital gains taxes by selling one investment property and reinvesting the proceeds into anotherWhen timed strategically, 1031 exchanges can be used to convert investment properties into primary residences to generate tax-free profitsPortfolios can be built up substantially over time by continually deferring taxes through 1031 investingTowards the end of one's career, 1031 exchange properties can be converted into primary residences to eliminate deferred tax liabilitiesReverse 1031 exchanges enable investors to secure replacement properties before selling relinquished propertiesWith proper planning, 1031 exchange proceeds can be invested into real estate syndicationsResources & Social MediaDave Foster's Book: Lifetime Tax Free WealthDave's Website: The1031Investor.comDave's YouTube Channel: The 1031 InvestorFollow 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

Passive real estate investing requires education and community. In this episode, Jim Pfeifer explains how he built Left Field Investors from a small mastermind into a 1300+ member syndication education platform.Jim started investing in syndications with no clue what he was doing. After losing money and having mixed results, he discovered the power of an engaged community for vetting sponsors and deals. Now Jim uses Left Field Investors to “community” potential investments, transferring trust through member referrals.Across 90+ LP positions in multifamily, self-storage, mobile homes, and alternative assets like ATMs and bitcoin mining, Jim has invested in nearly every syndication niche imaginable. He shares lessons learned from both successful and failed deals. If you want to take your syndication education and due diligence to the next level, this episode is a must-listen.Timestamps[00:31] Jim's background as a teacher and financial advisor[01:41] The origins of Left-Field Investors during the pandemic[02:52] Providing a network, education, and deal flow for members[04:17] Jim's journey to becoming an LP investor[06:52] Using the community to vet sponsors before investing[10:15] Why real estate investing is better than stock market speculation[12:34] Jim's investment portfolio across many alternative assets[16:05] Communication is the key factor when evaluating sponsors[19:12] The common denominator of bad deals - lack of sponsor due diligence[21:26] Using leverage like HELOCs to invest in ATMsKey TakeawaysLeft Field Investors started as a small mastermind group and grew into a 1300+ member community providing education and resources for passive real estate investors.Having a community helps vet syndication sponsors before investing since these are long-term illiquid deals. Trust transfers through referrals.Jim transitioned from being a teacher and financial advisor to a full-time LP investor across 90+ deals in multifamily, self-storage, mobile home parks, and alternative assets like ATMs.Strong communication is the number one factor Jim looks for when evaluating potential sponsors to invest with.Bad deals often happen when sponsors pivot to new asset classes without the right experience. Jim avoids being sponsors' "guinea pigs" in new niches.Leveraging things like HELOCs to invest in short-term alternative assets like ATMs can provide strong returns by having money work double duty.Resources &amp; Social MediaWebsite: Left Field Investors Podcast: Investing from Left FieldFacebook: Left Field Investors Follow Us on Social MediaYouTube: Truly Passive Income TikTok: @trulypassiveincome Instagram: @truly_passive_incomeFacebook: Truly Passive IncTwitter: @trulypassivePassive Investor ToolkitEverything you need to get started in passive investing in real estate syndications - <a href="https://trulypassiveincome.com/toolkit/" rel="noopener noreferrer"...

Derek Horn, an explosive ordinance disposal expert in the Air Force, shares how he accidentally got into real estate investing by purchasing his first home. He grew his portfolio through a family deal, and eventually invested passively by partnering with a syndicator. Derek provides unique insights into considerations military members face when investing remotely, utilizing property managers, and thinking long-term about financial freedom.Timestamps[00:00] Introduction to Derek Horn's background[07:35] Buying his first investment property by accident[08:53] Growing his portfolio through a family deal[13:15] Partnering with a syndicator for passive investing[23:19] Dealing with evictions as a remote investor[27:57] Managing property managers as a remote investor[34:14] Hosting a group for military passive investorsKey TakeawaysDerek started investing by accident when he purchased a home to remodel and rent out. This led to buying more properties in different locations during military moves.Partnering with family on a property deal allowed Derek to quickly scale up his portfolio. Family deals can provide opportunities not available on the open market.Investing remotely from overseas locations like Japan limits options for finding deals, leading Derek to partner with a syndicator for passive investing opportunities.As a remote investor, hiring property managers is helpful but does not make investing completely passive. Managing the managers is an ongoing task.Derek hosts a group for military members interested in passive investing. This provides invaluable networking and the ability to discuss military-specific investing considerations.Resources &amp; Social MediaActive Duty Passive Income Group:&nbsp;https://www.facebook.com/ActiveDutyPassiveIncomeFollow 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 investinghttps://trulypassiveincome.com/toolkit/

Are you a passive investor seeking strategies to maximize your tax benefits and enhance your investments? Join seasoned financial experts Neil Henderson, Matt MacFarland, and Amanda Han as they reveal the secrets of tax-efficient investing in this eye-opening episode. Discover the Lazy Man's 1031 Exchange, the potential benefits of Opportunity Zones, and how to successfully navigate the complex world of syndications. If you're ready to transform your investment approach and build a more profitable future, hit play and unlock the power of smart tax planning!Key TakeawaysReal estate syndications offer tax-saving opportunities through accelerated depreciation and cost segregation studies. By generating losses to offset gains, passive investors can benefit from a reduced tax burden.To maximize tax savings with real estate syndications, passive investors should consider investing in projects that conduct cost segregation studies. This will allow them to take advantage of the accelerated depreciation, which can help offset taxable income from other sources.Passive investors in real estate syndications can take advantage of tax deferral strategies such as the "Lazy Man's 1031 Exchange." This involves reinvesting distribution gains from one syndication into another within the same tax year, thus offsetting the capital gains and minimizing tax liability.When evaluating potential investments in opportunity zones, passive investors should look for projects that not only defer taxes on capital gains but also offer the potential for tax-free appreciation over a long-term investment horizon.For passive investors seeking to minimize tax liability, it's crucial to work with experienced tax professionals who understand the complex rules and regulations governing syndications and can help them navigate tax-saving strategies effectively.Tax planning is essential for passive investors in real estate syndications. Stay in touch with your tax professional throughout the year. Don’t wait until tax season to communicate with them.Time Stamps[00:00] Intro[01:19] Passive investor tax benefits[02:11] Cost segregation &amp; depreciation[04:30] Real estate syndications &amp; 1031 exchange[07:52] Lazy Man's 1031 exchange explained[10:26] Challenges in 1031 exchange &amp; syndications[14:28] Opportunity Zones &amp; tax Benefits for passive investors[18:22] Timing investments to offset capital gains[20:53] Evaluating potential investments in opportunity zones[22:18] Long-term benefits of opportunity zone investments[24:30] Understanding TICs (Tenants in Common) in Syndications[26:45] Role of cost segregation studies in maximizing tax savings[28:16] How passive investors can reinvest their capital gains[30:12] The importance of tax planning in real estate syndications[32:08] Creating a tax-efficient investment strategy[33:55] Key takeaways on maximizing tax benefits in passive real estate investing[35:22] Closing thoughts and future strategies for passive investors[37:00] OutroResources and Links MentionedWebsite: Keystone CPABook: The Book on Tax Strategies for the Savvy Real Estate Investor: Powerful techniques anyone can use to deduct more, invest smarter, and pay far less to the IRS!<a target="_blank"...

In this episode of the Truly Passive Income podcast, hosts Neil Henderson and Clint Harris sit down with Robert Shortsleeves, a real estate investor who has paved his own path to financial freedom. Starting in Alabama, Robert ventured into the world of real estate after a career in the Army, utilizing off-market deals to build his real estate empire. He shares his journey, offering unique insights into the importance of building a reliable team, and how to level up in the world of real estate by focusing on adding value to those just ahead of you on the journey.Robert brings a wealth of knowledge to the table, discussing everything from real estate syndications to the importance of learning from those just a few steps ahead of you. His refreshing honesty about the challenges and triumphs of his journey provides listeners with a candid look into the world of real estate investing.In addition to his real estate success, Robert speaks about his inspiring three-month vacation/remote work trip to Bali, demonstrating the life-changing potential of financial independence. This episode is a must-listen for anyone interested in real estate investing, financial freedom, and the pursuit of a life lived on your own terms.Time Stamps:[00:00] Intro[01:52] Introduction to Robert Shortsleeves[02:49] Robert's journey into real estate investing[07:25] The power of timing in real estate[10:20] Robert's experience with his first deal[13:05] How Robert leverages off-market deals[18:10] Robert's big move to Bali[22:15] The importance of learning from others in the industry[27:00] Robert's approach to giving back to the community[33:59] How to get in touch with Robert Shortsleeves[34:54] Closing remarksKey Takeaways:The Potential of Off-Market Deals: Robert Shortsleeves emphasizes the potential of off-market deals in real estate, which can often offer great opportunities for investors. His success in this area shows that off-market properties can be a lucrative avenue for generating passive income.Learn from Those Ahead of You: Robert advocates for learning from people who are just a few steps ahead of you on the path to financial freedom. This practical advice encourages individuals to seek mentors who still have a fresh perspective on the challenges beginners might face.Financial Freedom Enables Adventure: Robert's ability to plan a three-month remote work trip to Bali highlights the freedom that financial independence can provide. By achieving financial stability, one can have the flexibility to explore new places and experiences without financial constraints.The Importance of Giving Back: Robert believes in giving back to the community and helps others achieve their goals in real estate. This approach not only contributes to the community but also fosters a culture of shared knowledge and success.The Journey Towards Financial Independence: Robert's story underscores the journey towards financial independence, with its challenges and rewards. His experience serves as a testament to the fact that with hard work, determination, and strategic thinking, financial independence through real estate investing is achievable.Books and Resources Mentioned:Website: Shortsleeves Real EstateFacebook: Robert Shortsleeves' FacebookFollow Us:Facebook: facebook.com/TrulyPassiveIncTwitter: twitter.com/trulypassiveYouTube: <a...

Self-storage facilities can provide lucrative passive income opportunities compared to other types of real estate investments. In this episode, Drake Massa, Director of Acquisitions at Nomad Capital, joins hosts Neil Henderson and Clint Harris to discuss self-storage investing.Timestamps00:00:30 - Drake provides background on his role at Nomad Capital00:02:30 - Drake explains why self-storage is a good passive income investment00:04:40 - Drake outlines the four main self-storage investment strategies00:08:00 - Drake details the conversion strategy for self-storage investing00:15:15 - Drake discusses projected returns and timelines for investors00:21:40 - Drake explains the refinancing strategy in years 4-600:26:00 - Drake emphasizes the work required despite the passive income00:30:50 - Drake walks through the deal funnel from start to finish00:37:05 - Drake shares where he would invest $100k right nowKey TakeawaysSelf-storage has outperformed all other commercial real estate over the past 5 years and leads most industries in growth over the past 25+ years,&nbsp; even during recessions.The four main self-storage investment strategies are: 1) Buy existing facility and improve operations 2) Buy existing facility and expand it 3) Convert other buildings into storage facilities 4) Build new self-storage facilities from the ground up.Conversions provide the best risk-reward balance. Purchasing underutilized buildings for cheap and converting them into self-storage can generate huge returns.It takes significant expertise and effort to find, analyze, negotiate, and execute self-storage deals, despite the passive income for investors.Drake reviews 100+ deals per week, models 5%, negotiates on 1%, and closes nearly 100% once an offer is made. From contract to completion takes 6-12 months.Resources &amp; Social MediaLinkedIn: Drake MassaWebsite: Nomad CapitalEmail: [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 investinghttps://trulypassiveincome.com/toolkit/

Are you looking for a smart way to manage your passive investments without sacrificing valuable time? In this compelling episode of Truly Passive Income, we sit down with Litan Yahav, the founder and CEO of Vyzer, a powerful platform designed to help passive investors keep track of their investments with ease. Litan shares his personal journey, how he discovered the value of truly passive investing and the innovative solution he built to streamline investment tracking.Listen in as we discuss Litan's unique perspective on passive investing, the importance of trusting the people you invest with, and how Vyzer can save you time while keeping you informed about your investments.&nbsp;Time Stamps[00:00] Intro[03:11] Litan Yahav's journey to passive real estate investing[05:58] The importance of time management in investing[08:45] Challenges of keeping track of multiple investments[13:52] Introducing Vyzer: a solution to manage passive investments[20:00] How Vyzer helps investors stay organized and informed[27:30] Pricing of Vyzer's subscription plans[28:58] Litan's advice for passive investors[30:40] The importance of trusting the right people[32:09] OutroKey Take AwaysThe importance of time in passive investing: Litan Yahav shares his journey and emphasizes the value of time as the primary factor that led him to invest passively in real estate.The challenge of managing multiple investments: Litan highlights the difficulties faced by passive investors in keeping track of their investments and the distributions they receive.The birth of Vyzer: To address these challenges, Litan created Vyzer, a platform designed to help passive investors manage their portfolios and monitor their investments in an organized and efficient manner.Streamlined communication with GPs: Vyzer allows investors to stay on top of their distributions by creating distribution schedules and flagging when distributions are missing or underperforming, making it easier for investors to communicate with GPs.Accessible pricing for various investment levels: Vyzer offers a flat subscription fee, making the platform accessible to investors with different investment levels, from those with hundreds of LP positions to those with just a handful.Finding trustworthy operators and syndicators: Litan stresses the importance of building relationships and trust with the people you invest with, as it can significantly impact the success of your passive investments.Focus on people and numbers: Litan's approach to passive investing involves prioritizing the people he invests with and ensuring the numbers match his current investment strategy, rather than focusing on specific asset classes or geographies.The value of small to medium-sized operators: Litan shares his preference for smaller, more personal operators who don't have hundreds of investors and can offer more tailored communication and attention to their investments.Truly passive income comes from investing capital with the right team: Trusting an experienced team to execute their business plan is crucial to achieving truly passive income from real estate investments.Networking and mastermind groups: Litan emphasizes the importance of connecting with other investors and learning from their experiences through networking, attending mastermind groups, and listening to podcasts like Truly Passive Income.Books and Resources MentionedTruly Passive Income: www.trulypassiveincome.comWebsite: www.vyzer.coFollow Litan Yahav on Facebook: <a href="https://www.facebook.com/litanyahav" rel="noopener noreferrer"...

🎧 Tune in to this eye-opening episode where we dive deep into the journey of Alex Felice, a successful real estate entrepreneur who discovered that financial independence is just the beginning. Learn how Alex's experiences led him to seek greater meaning and purpose, both through his pilgrimage on the Camino de Santiago and his current life in Maui. Get ready to be inspired and challenged as we discuss the importance of digital detox, connecting with nature, and embracing adventure. Join us for this must-listen episode that will leave you questioning the true definition of success and what really matters in life. Hit play now and start your own journey towards personal fulfillment! 🌟Time Stamps:[00:00] Intro[03:25] Alex Felice's real estate journey and achieving financial freedom[06:48] The realization that success isn't just about money[12:03] Alex's transition to photography and finding fulfillment[20:52] The importance of pursuing passions and purpose[28:15] How location independence can change your life[37:08] Insights on finding happiness beyond financial independence[44:20] The concept of "Success, but what else?"[56:35] Clint Harris congratulates Alex and plans a visit[57:14] Alex Felice on success and finding your "what else"Key TakeawaysFinancial independence is just the beginning: While achieving financial independence through passive real estate investing can provide a sense of security, it's essential to recognize that it's not the end goal. True happiness and fulfillment come from discovering your purpose and pursuing what matters most to you in life.Success is subjective: Alex Felice's story teaches us that success looks different for everyone, and it's important to define it on your own terms. For some, it may mean continuing to invest in real estate, while for others, it could mean embarking on a completely new journey.Growth through challenges: Embracing and overcoming challenges, like Alex's experience with the Camino de Santiago pilgrimage, can lead to significant personal growth and a deeper understanding of one's purpose.The power of self-reflection: Taking the time to reflect on your life, values, and what truly brings you happiness is crucial for maintaining a sense of balance and well-being, especially after achieving financial freedom.Cultivating a sense of adventure: Exploring new opportunities, experiences, and passions can lead to a more fulfilling life beyond the realm of financial success. Alex's transition from real estate entrepreneur to world traveler and visual storyteller is a prime example of this.The importance of community and connections: Building meaningful relationships and engaging with like-minded individuals can help enrich your life and provide a strong support system as you pursue your passions and purpose.Balance and sustainability: As you work toward financial freedom and explore your passions, it's important to maintain a balance between your personal, professional, and financial life to ensure long-term happiness and success.Embracing change: Alex's story highlights the importance of being open to change and adapting to new circumstances as you pursue your passions and purpose in life.Learning from others' experiences: Listening to stories and insights from people like Alex Felice can inspire and guide you on your own journey toward finding purpose and happiness beyond financial freedom.The journey never ends: Achieving financial freedom and discovering your true purpose is an ongoing process that requires continuous growth, self-reflection, and adaptation. Embrace the journey, and you'll find a richer, more fulfilling life beyond passive income.📚 Resources &amp; Social Media:Alex Felice's Instagram: <a...

In this episode, Neil Henderson and Clint Harris talk to Tim Vitale, a multifamily real estate syndicator and founder of Upside Capital Group. With a focus on time, financial, and location independence, Tim discusses his journey into the world of real estate syndication, his strategies for analyzing deals, and the importance of building strong relationships with investors. Tim also shares his insights on debt coverage ratio, timeframes, and how to choose the right operator for a successful investment.In This Episode, We Cover:[03:27] How Tim Vitale got into real estate syndication[09:36] Importance of understanding the market and job growth[12:16] Analyzing deals and the importance of debt coverage ratio[15:31] Timeframes and protecting your investments[27:45] Alignment of interests and choosing the right operator[28:49] Advice for passive investors in multifamily syndications[31:12] Connecting with Tim Vitale and Upside Capital GroupBooks and Resources Mentioned:Truly Passive Income: trulypassiveincome.comWebsite: Upside Capital GroupFacebook Group: Making Moves Real Estate CommunitySupport Our Show Follow us on Twitter @trulypassive Follow us on Facebook at TrulyPassiveInc Follow us on TikTok @TrulyPassiveIncome Sign up for our FREE Passive Investor Course Pithy, Shareable Quotes:"Real estate over the long term, you're gonna win. It's the people that get burned in the short term because they don't have time on their side." - Tim Vitale"Go build a relationship with the person that you wanna invest with. Spend time in person with that person." - Tim VitaleComing Up Next on Truly Passive Income:

In this eye-opening episode of the Truly Passive Income Podcast, we dive deep into the world of self-storage conversions with Erik Hemingway, the Co-Founder of Nomad Capital. Erik shares his incredible journey from a three-year sailing adventure around the Mediterranean to building a successful self-storage empire with his son, Levi.Discover how Erik and his team at Nomad Capital add tremendous value to their projects through strategic conversions of old retail spaces, like Kmarts and grocery stores, into thriving self-storage facilities. Learn about the built-in safety margin that comes with forced appreciation and how you can increase your net operating income and property value by implementing energy-efficient solutions.Erik also shares his insights on the future of self-storage, the impact of technological advancements on the industry, and his favorite way to give back through his family's involvement in a nonprofit theater company.Key TakeawaysSelf-storage conversions offer a unique opportunity in real estate investing, particularly when transforming underutilized retail spaces like Kmart or grocery stores into thriving self-storage facilities.This strategy allows investors to capitalize on the growing demand for self-storage units, driven by societal trends such as downsizing, death, divorce, displacement, and changing nature of retail.Conversions can be more cost-effective compared to building new facilities, as they repurpose existing structures and reduce construction waste.These projects often have shorter timelines and fewer zoning restrictions, which can lead to a quicker return on investment.Self-storage conversions offer tax benefits, such as depreciation and bonus depreciation, which can significantly impact an investor's bottom line.Leveraging syndication for self-storage conversions can provide passive investors with the opportunity to participate in this growing market without the need for hands-on management.Self-storage facilities can provide consistent cash flow, making them an appealing addition to a well-rounded investment portfolio.The success stories shared by Erik, such as students gaining confidence through his wife's nonprofit theater company, emphasize the importance of giving back and using one's passive income to create a positive impact in the community.For those interested in exploring self-storage conversions as an investment strategy, connecting with experienced professionals like Erik Hemingway can provide valuable insights and guidance to help navigate this unique market.Time Stamps[00:00] Intro[01:55] Erik Hemingway's background and journey into self-storage investing[03:37] The advantages of self-storage conversions from empty retail spaces[09:28] The role of syndication in self-storage investing for passive investors[14:47] Importance of location and demographic research in self-storage conversions[21:02] How Erik and his son, Levi, work together in the self-storage business[25:53] The potential returns and growth opportunities in self-storage investing[28:34] Erik's favorite self-storage conversion project[36:26] Erik's favorite way to give back: a nonprofit theater company[37:31] How to get in touch with Erik for more information on self-storage investingLinks and Resources Support Our ShowSupport Our Show Follow us on Twitter @trulypassive Follow us on Facebook at TrulyPassiveInc Follow us on TikTok @TrulyPassiveIncome Sign up for our FREE Passive Investor Course

Are you ready to discover the life-changing benefits of house hacking? In this eye-opening episode, Neil Henderson and Clint Harris reveal insider tips and strategies to help you master house hacking and unlock your financial freedom. Whether you're a seasoned investor or just starting, you won't want to miss this informative deep dive into the world of house hacking. Key TakeawaysHouse hacking is a powerful strategy for building wealth and achieving financial freedom by living in one part of a property while renting out the rest, effectively reducing or eliminating your mortgage payment.To get started, identify the right property for house hacking by considering its location, amenities, and proximity to hospitals, universities, or event venues, which can attract both short-term and long-term renters.Networking with local real estate investor groups, realtors, and mortgage brokers can help you find the best properties and resources for successful house hacking.Evaluate potential properties by running the numbers for both long-term and short-term rentals, using websites like Rentometer and Airdna to determine rental projections and compare the highest and best use of the property.House hacking is not limited to vacation destinations; it can also be successful near airports, hospitals, military bases, and other areas with a consistent demand for accommodations.Successfully implementing house hacking can not only cover your mortgage payment but also generate extra income, which can be invested in truly passive income streams, further growing your wealth.House hacking involves some lifestyle adjustments, but the financial benefits can be significant, making it a powerful lever to pull for those seeking financial freedom through real estate investing.Time Stamps[00:00] Intro[01:12] Definition of house hacking[02:45] How house hacking works at a high level[04:02] Benefits of house hacking[05:15] Various house hacking ideas[08:30] Risks and challenges of house hacking[11:17] How to get started with house hacking[14:25] Using websites like Rentometer and Airdna for rental projections[18:05] Local networking for finding properties and resources[21:42] Evaluating properties for long-term and short-term rentals[25:52] Growing wealth through investing extra income from house hacking[30:07] House hacking as a lifestyle choice[37:38] Conclusion and importance of house hacking in achieving financial freedomSupport Our Show Follow us on Twitter @trulypassive Follow us on Facebook at TrulyPassiveInc Follow us on TikTok @TrulyPassiveIncome Sign up for our FREE Passive Investor Course

Discover the world of commercial real estate investing, how it differs from residential real estate, and how it accelerates your journey to financial freedom! Clint Harris and Neil Henderson break down the key differences between residential and commercial real estate and reveal why the latter can be a game-changer for savvy investors.You'll learn about the unique valuation methods for commercial properties and how understanding cap rates can unlock incredible potential for wealth creation. Clint and Neil also discuss the role of business plans, operator trust, and your ability to analyze opportunities when evaluating commercial real estate investments.Don't miss this episode packed with valuable insights that can help you make informed decisions in the commercial real estate market.Key TakeawaysCommercial real estate is focused on business properties, while residential real estate is primarily for living spaces. The latter includes single-family homes and smaller multi-family properties, while commercial real estate encompasses residential properties with five or more units, retail spaces, office buildings, self-storage, and other business-related properties.The valuation methods for commercial and residential real estate differ significantly. Residential real estate is valued based on comparable sales, while commercial properties are valued according to their potential income generation, utilizing cap rates and net operating income.Forced appreciation is a critical concept in commercial real estate, allowing investors to increase property value through strategic improvements and management. This level of control is not as prevalent in residential real estate, making commercial properties more attractive for those seeking passive income.Cap rates, or capitalization rates, are used to measure the potential return on investment in commercial properties. They are calculated by dividing a property's net income by its value, providing insight into the expected annual return.Net operating income (NOI) is the gross income a property generates minus its expenses (excluding mortgage payments). The NOI is a crucial metric in commercial real estate valuation, as it directly impacts the cap rate calculation and property value.Understanding how commercial properties are valued and the factors that can increase their net operating income is vital for evaluating potential investment opportunities. This knowledge allows investors to analyze business plans and determine the likelihood of successful value-add strategies.Partnering with experienced operators is essential for success in commercial real estate investing. These experts can help identify opportunities, execute value-add strategies, and manage properties, allowing investors to reap the benefits of passive income without the need for hands-on involvement.Time Stamps[00:00] Intro[01:29] Introducing Clint Harris and Neil Henderson[02:15] The key differences between commercial and residential real estate[04:12] Explaining valuation methods for residential properties[05:45] Discussing the forced appreciation concept in commercial real estate[07:21] The importance of understanding cap rates in commercial property valuation[10:10] The role of net operating income in commercial real estate[12:22] Evaluating opportunities and sponsors in real estate syndications[15:03] The potential for massive value swings in commercial properties[17:37] Why understanding commercial real estate is crucial for passive income investors[21:54] Summary of key differences between commercial and residential real estateSupport Our Show Follow us on Twitter @trulypassive Follow us on Facebook at TrulyPassiveInc Follow us on TikTok @TrulyPassiveIncome Sign up for our FREE Passive Investor Course

In this episode, real estate investor Neil Henderson shares his journey from being a defense contractor to becoming a full-time real estate investor. He discusses the challenges he faced along the way, including distractions, analysis paralysis, and the struggle to find a niche. Despite these obstacles, he was able to find his focus in self-storage syndication and partnering with an experienced investor. He also shares how he was able to create enough runway to take a leap of faith and leave his job to pursue his passion for real estate investing. With over $40 million in commercial real estate deals, Neil's story is inspiring and informative for anyone looking to take control of their financial future. Tune in to learn how he did it and get motivated to take the first step towards your own financial independence.Key Take AwaysOvercoming a lack of time, money, and experience: Neil Henderson shares his journey of utilizing creative strategies such as house hacking, partnering with experienced investors, and starting a podcast to overcome limitations in real estate investing.House hacking as a stepping stone: Neil discusses the power of house hacking and how it helped him build a financial runway, allowing him to take the leap from his W-2 job to a full-time self-storage syndicator.Avoiding shiny object syndrome: Neil emphasizes the importance of staying focused on core investment strategies and not getting distracted by various investment opportunities.Pursuing self-storage syndication: Neil shares his decision to focus on self-storage syndication and highlights the potential benefits of this asset class, particularly during an economic downturn.Quote: "You can get 25, 35% of the way there, and then that allows you to just take a leap and take a bet on yourself." – Neil Henderson, discussing the power of building a financial runway and taking calculated risks.Partnering for success: Neil highlights the value of partnering with experienced self-storage investors, allowing him to overcome his lack of experience and access lucrative deals.Building a financial runway: Neil shares his strategy of using short-term rental house hacks and long-term rentals to reduce his living expenses, enabling him to pursue his real estate investing goals.Quote: "the real risk is not making a move. When you knew what the outcome was gonna be." – Clint Harris, emphasizing the importance of taking calculated risks in real estate investing.Networking and education: Neil's podcast played a crucial role in expanding his knowledge, connecting him with industry experts, and building valuable relationships with experienced investors.Embracing change and taking risks: Neil's journey serves as an inspiration for aspiring investors, demonstrating that success in real estate investing can be achieved by adapting, learning, and taking calculated risks.Time Stamps[00:00] Intro[02:23] Neil's background and real estate journey[04:38] House hacking a townhome across from the beach[08:15] Overcoming lack of focus and shiny object syndrome[11:30] Partnering with Erik Hemingway in the self-storage syndication space[15:47] Neil's decision to leave his job and move to a new location[21:30] The importance of networking and learning through the podcast[25:04] Overcoming a lack of money, time, and experience to invest in real estate[28:34] Taking calculated risks for greater rewards[31:22] Clint's encouragement and highlighting of Neil's achievements[33:02] Neil's excitement for the future and embracing financial insecurity[34:45] Clint expresses gratitude for Neil's openness and for sharing his story[35:52] OutroSupport Our Show Follow us on Twitter @trulypassive Follow us on Facebook at TrulyPassiveInc Follow us on...

What are the four wealth generators in real estate? Welcome to the Truly Passive Income podcast, where we dive deep into the world of passive real estate investing and explore the strategies that can help you build wealth and achieve financial freedom without being a landlord. In this episode, we take a closer look at the four key wealth generators of real estate— leverage, appreciation, tax benefits, and cash flow—and how they can work together to create a truly passive income stream. We also discuss some common misconceptions about real estate investing and share tips for getting started in the industry. So, whether you're an experienced investor or just getting started, join Clint and me as we explore the powerful world of real estate investing and show you how you too can create truly passive income that can help you achieve your financial goals.Time Stamps[00:00] Intro[03:14] The concept of leverage in real estate investing[07:12] Appreciation: natural and forced appreciation[13:45] Tax benefits: depreciation, 1031 exchanges, and Opportunity Zones[20:32] Cash flow and the importance of multi-unit properties[26:07] The three immutable laws of real estate investing[31:12] The challenges of generating cash flow with single-unit properties[34:10] Applying the four wealth generators to various types of real estate investments[36:20] The importance of having multiple exit strategies and cash reservesKey Take AwaysThe Four Wealth Generators of Real Estate: Leverage, appreciation, tax benefits, and cash flow are essential elements for building generational wealth in real estate investing.The Power of Leverage: Clint Harris discusses how leveraging allows investors to control more assets with less money and increase their financial velocity.Forced and Natural Appreciation: Clint and Neil explain the difference between forced and natural appreciation and how they can increase the value of real estate assets over time.Tax Benefits of Real Estate: The podcast highlights the importance of understanding and utilizing tax benefits to maximize overall returns on investments.Cash Flow Reserves: Neil emphasizes the need to have cash reserves for surviving market fluctuations and avoiding forced sales of real estate assets.Quote: "You never wanna be forced to sell your real estate asset. It's much better to be in a position where you can wait for when the market is advantageous." - Neil HendersonThe Synergy of Wealth Generators: Clint Harris summarizes how combining leverage, appreciation, cash flow, and tax benefits can create generational wealth and opportunities for real estate investors.Adapting to Market Conditions: The podcast showcases the importance of adapting investment strategies to changing market conditions, like the COVID-19 pandemic.Support Our ShowFollow us on Twitter @trulypassiveFollow us on Facebook at TrulyPassiveIncFollow us on TikTok @TrulyPassiveIncomeSign up for our FREE Passive Investor Course

On this episode of the Truly Passive Income Podcast, host Neil Henderson talks to his co-host Clint Harris about his experience as a real estate investor. Clint discusses his South Carolina roots, medical sales experience, and path to real estate investing. He and his wife began by building a portfolio of single-family rentals before moving on to short-term rentals and self-storage. Clint also discusses the distinction between being a salesperson and an employee as well as his attraction to the concept of passive income.Time Stamps[00:00] Intro[01:29] Clint Harris' background[02:30] How sales differs from other hourly jobs as far as the income it produces[03:42] Were there any other side hustles you tried along the way?[04:55] How Clint's vision of where his single-family rental investing strategy was going to go versus how it actually went[11:26] Making the move from South Carolina to Wilmington, North Carolina[12:47] The decision to pursue the short-term rental strategy[15:11] Building the systems to manage a short-term rental portfolio[16:18] Solving the lack of money problem with short-term rental arbitrage[20:39] Building a short-term rental management team[23:50] The challenge of building a business that would then produce "passive income"[28:42] Realizing the need to diversify into another asset class and location[34:24] Why not continue to expand his short-term rental business? Why diversify into self-storage?[37:43] The first self-storage conversion project[39:02] OutroKey Take AwaysThe need to become knowledgeable about real estate investment tactics before taking action.How data analysis can help investors make smarter selections about their real estate purchases.The advantages of having a real estate investment portfolio that is vertically integrated with specialized service providers.Investing in self-storage as a more diversified, inflation- and pandemic-resistant asset class than single-family rentals or short-term rentals.The importance of diversifying your real estate investments across asset class, geography, and operator.And much more...Links MentionedBiggerPockets.comSupport Our Show Follow us on Twitter @trulypassive Follow us on Facebook at TrulyPassiveInc Follow us on TikTok @TrulyPassiveIncome Sign up for our FREE Passive Investor Course Coming up on the Truly Passive Income PodcastNeil Henderson's investing journey