Storage Wins

Alex Pardo
undefined
Mar 25, 2019 • 52min

EP294: Ken Holmes Shares How To Structure Deals Creatively To Achieve Financial Freedom

Ken Holmes has seen (and done!) every type of deal you can possibly imagine! Ken started his real estate career in 1987 and has learned a thing or two during that time. On the show, Ken shares his wisdom of what he wished he'd known sooner and shares his financial freedom formula on how you can replace your 9-5 money with real cash flow that will keep and sustain the lifestyle you've always wanted. Key Takeaways: Ken got his start as a real estate appraiser in 1987 and flipped his first house in 1997. Ken had this goal to make $500,000 a year, but he never put much thought into 'why.' Ken shares his formula for financial freedom. It comes down to asset x rate of return - taxes = lifestyle. If you make 8% on your money and you're paying taxes, you need roughly $2m in assets to make $10,000 a month. However, if you can make 15% on your money and pay no taxes (through a self-directed IRA), you would only need to have $800k in assets to make $10,000 a month. Your goal shouldn't be to make your first million, it should be to increase your cash flow. Before setting a net worth or cash flow goal, define the kind of lifestyle you want! FYI - The desired lifestyle you want is (likely) a lot cheaper than you think it is. Ken shares a creative deal he did with a church. Get creative with your deal structures and you can easily get that 15% return on your money. Ken stresses the importance of understanding what a self-directed IRA can do for you and your money. The biggest expense you'll probably have in your lifetime is taxes. Alex shares Ken's steps to financial freedom. What piece of advice would Ken give his younger self? Stay debt free! Mentioned in This Episode: Ken on FacebookEpisode 290: "Edwin Kelly on Leveraging Self-Directed Accounts to Build Wealth and Grow Your Portfolio Tax-Free" Feel free to connect with Alex about doing a JV! Email him at alex@flipempire.com Click Here to apply for our next Holiday Mastermind in Punta Cana, Dominican Republic! If you are interested in joining our team, you can Apply Here Do you have an existing business? Already closing deals, but feel there is a better way? Connect with Alex here about working with him 1-on-1 Let's Connect on Instagram: @alexpardo25 Tweetables: "I just don't go the debt route. When you talk about financial freedom, you sum it up by making more money than you need and investing that excess in things that produce cash flow. That's it." "What would you do if somebody dropped $10m in your bank account? What would your lifestyle cost? It's often way less than what you might think." "When you get a good deal. Stop for a second and think. What else could I do with it?" Ask Alex A Question: Have a question you want featured on an upcoming Flip Empire Show? Head over to the Ask Alex page, and record your question. We've made it super easy for you, so let us know what challenges you are having, and Alex will answer it personally! Did you get your FREE Online Course? Text the word EMPIRE to 67076, and we'll send you a link to get instant access to the "5 Ways To Scale Your Real Estate Wholesaling Business To Six Figures (In 6 Months Or Less)" video module training course. Subscribe To The Flip Empire Show, and Leave a Rating & Review!
undefined
Mar 21, 2019 • 12min

EP293: Shift Your Perspective and Watch Your Life Change

Alex is feeling good today! Everything in life that we come in contact with, that we're faced with, we have a choice to see it positively or see it negatively. If you're waking up feeling sluggish or just not into it, what perspective can you use to kick yourself out of it? Whatever it is, it will always first start with your mind. Key Takeaways: How can you bottle up your good feelings so you can tap into them whenever you need it? We all have days where we wake up and we're feeling sluggish. Alex hopes you've got some feel-good vibes into you today! Business is not a one-man or one-woman sport. You need the support and help of those around you. When things hit the fan, how are you going to turn yourself around? We've all woken up feeling amazing and we've all woken up feeling 'meh.' In those meh moments, what are you going to do to snap yourself out of it? Everything starts with your mind. Mentioned in This Episode: Feel free to connect with Alex about doing a JV! Email him at alex@flipempire.com Click Here to apply for our next Holiday Mastermind in Punta Cana, Dominican Republic! If you are interested in joining our team, you can Apply Here Do you have an existing business? Already closing deals, but feel there is a better way? Connect with Alex here about working with him 1-on-1 Tony Robbins Date with Destiny: Tonyrobbins.com/events/date-with-destiny/ Let's Connect on Instagram: @alexpardo25 Tweetables: "There are days where we wake up and we're ready to pound the streets and make things happen. You have a choice." "I'm excited. I want to connect with you. I want to help. I want to make an impact." "Life happens for you, not to you." Ask Alex A Question: Have a question you want featured on an upcoming Flip Empire Show? Head over to the Ask Alex page, and record your question. We've made it super easy for you, so let us know what challenges you are having, and Alex will answer it personally! Did you get your FREE Online Course? Text the word EMPIRE to 67076, and we'll send you a link to get instant access to the "5 Ways To Scale Your Real Estate Wholesaling Business To Six Figures (In 6 Months Or Less)" video module training course. Subscribe To The Flip Empire Show, and Leave a Rating & Review!
undefined
Mar 18, 2019 • 48min

EP292: Bob LaChance Outlines How You Can Find the Perfect Virtual Assistant for Your Real Estate Business

Bob LaChance first got involved in real estate in 2004. Fast forward to today; Bob is the owner of Reva Global, where he trains highly qualified VAs to help real estate investors with their business. Real estate investors really struggle with VA turnover and so Bob is here to help you get a bit of clarity on how to effectively use and train your VA so that you can stop the headaches! Key Takeaways: Do you struggle with a lot of VA turnover? How did Bob first get started in real estate? Bob was getting pressured from his family to go back to school after he retired. Instead, he jumped into real estate and got his feet wet. He was hungry for it and took every opportunity he could to learn the business. Bob knocked on doors for one year straight from 10 a.m. to 3 p.m. Monday through Friday. It was in 2013 when Bob used his very first VA. How do you effectively train and use a VA? What tasks can a VA do for your business? What would Bob recommend not giving to a VA? VAs can even do follow up calls and run comps. Bob trains his VAs to become familiar with the real estate industry so that you don't have to go through trial and error to find the right one. The short cuts end up becoming long cuts in the end and cost you more money! Creating SOPs for your company so that your VA can jump right in and go. Mentioned in This Episode: Connect with Bob & his team: Rrevaglobal.com & email him at Bob@revaglobal.com Feel free to connect with Alex about doing a JV! Email him at alex@flipempire.com Click Here to apply for our next Holiday Mastermind in Punta Cana, Dominican Republic! If you are interested in joining our team, you can Apply Here Do you have an existing business? Already closing deals, but feel there is a better way? Connect with Alex here about working with him 1-on-1 Let's Connect on Instagram: @alexpardo25 Tweetables: "When you get something for free, you don't take the most advantage of it." "When you hire someone and have them go through a DiSC profile, if they're not a high D or not a dominant personality, they're going to fail on the phone." "Typically, it takes 5-7 touches to get a deal, if not more." Ask Alex A Question: Have a question you want featured on an upcoming Flip Empire Show? Head over to the Ask Alex page, and record your question. We've made it super easy for you, so let us know what challenges you are having, and Alex will answer it personally! Did you get your FREE Online Course? Text the word EMPIRE to 67076, and we'll send you a link to get instant access to the "5 Ways To Scale Your Real Estate Wholesaling Business To Six Figures (In 6 Months Or Less)" video module training course. Subscribe To The Flip Empire Show, and Leave a Rating & Review!
undefined
Mar 14, 2019 • 13min

EP291: Monitoring Your Thoughts, Breaking Through Negative Patterns, & Turning Adversity Into Your Driving Force

There's a world of difference between someone with a positive mindset and a negative mindset. Alex shares a mindset example of something he recently witnessed at the gym. Our thoughts play a big, big role in our lives and it's something that you shouldn't take for granted. Key Takeaways: Alex recently discovered what his gifts are, and that's to help others. Alex goes to Orangetheory Fitness and works out with a personal trainer twice a week. When we're faced with adversity, our minds tend to default to the negative. Everything you see around you began with a thought, it began with an idea, and someone followed through on that idea. When you go through adversity, what are some of the positives you get out of it? Don't feel passionate about waking up on Monday mornings? Hit the pause button. Mentioned in This Episode: Feel free to connect with Alex about doing a JV! Email him at alex@flipempire.com Click Here to apply for our next Holiday Mastermind in Punta Cana, Dominican Republic! If you are interested in joining our team, you can Apply Here Do you have an existing business? Already closing deals, but feel there is a better way? Connect with Alex here about working with him 1-on-1 Tweetables: "I'm on this quest to just give you the very best I can." "We tend to default about what's difficult about the situation vs. what we're becoming in the process." "Our thoughts govern our whole lives." Ask Alex A Question: Have a question you want featured on an upcoming Flip Empire Show? Head over to the Ask Alex page, and record your question. We've made it super easy for you, so let us know what challenges you are having, and Alex will answer it personally! Did you get your FREE Online Course? Text the word EMPIRE to 67076, and we'll send you a link to get instant access to the "5 Ways To Scale Your Real Estate Wholesaling Business To Six Figures (In 6 Months Or Less)" video module training course. Subscribe To The Flip Empire Show, and Leave a Rating & Review!
undefined
Mar 11, 2019 • 44min

EP290: Edwin Kelly on Leveraging Self-Directed Accounts to Build Wealth and Grow Your Portfolio Tax-Free

Edwin Kelly is the owner of Specialized IRA Services. He helps investors leverage their self-directed tax-advantaged accounts so that they can successfully grow their retirement fund, family legacy, and business. In this week's episode, Edwin explains how you can build wealth in a tax-free environment and how you can get smarter about your retirement even when it's 'too late.' Key Takeaways: Edwin is an expert when it comes to leveraging self-directed IRAs. Who is Edwin and how did he get started in this field? What are self-directed accounts? Edwin explains the type of tax protection and asset protection you can have through a self-directed account. What are the different types of self-directed accounts you can choose from? Who would not benefit from something like this? How can you get started? Edwin shares a case study of how a typical transaction would play out. How can you fund your child's education with a self-directed account? Feel like you've missed the boat when it comes to saving for your retirement? You can easily start your self-directed account now. When doing deals in a self-directed account, how do you pay your team after a wholesale transaction has been made? What advice would Edwin give to his younger self? Mentioned in This Episode: Connect with Edwin & his team: Specializediraservices.com Feel free to connect with Alex about doing a JV! Email him at alex@flipempire.com Click Here to apply for our next Holiday Mastermind in Punta Cana, Dominican Republic! If you are interested in joining our team, you can Apply Here Do you have an existing business? Already closing deals, but feel there is a better way? Connect with Alex here about working with him 1-on-1 Tweetables: "The two high-level benefits of a self-directed account are tax protection and asset protection." "It is not uncommon for somebody to build their retirement in 7-10 years and be out." "The idea is to get started if you don't already have a self-directed account." Ask Alex A Question: Have a question you want featured on an upcoming Flip Empire Show? Head over to the Ask Alex page, and record your question. We've made it super easy for you, so let us know what challenges you are having, and Alex will answer it personally! Did you get your FREE Online Course? Text the word EMPIRE to 67076, and we'll send you a link to get instant access to the "5 Ways To Scale Your Real Estate Wholesaling Business To Six Figures (In 6 Months Or Less)" video module training course. Subscribe To The Flip Empire Show, and Leave a Rating & Review!
undefined
Mar 7, 2019 • 14min

EP289: Why Scheduling "Think Tank Time" & Honoring Your Commitments Could be a Game-Changer for You

Alex has recently scheduled time in his calendar to just think and he's gotten so much clarity from just that single act alone. Not only should you be meditating regularly, but you should also take time to just write down your thoughts and goals that you have for yourself. You build a lot of self-confidence by honoring the big and small commitments that you make to yourself! Key Takeaways: Alex has a lot going on in his mind right now. Alex spent about an hour writing down some of his thoughts and he split it up in three categories: Family, Personal, and Business. Travel has played a big part of Alex and his family's life, but they've been intentional and conscious about this. What does Alex's calendar look like? Alex now schedules 'think time' into his calendar so he has time to just think. Put important events on your calendar and honor those commitments. Mentioned in This Episode: Feel free to connect with Alex about doing a JV! Email him at alex@flipempire.com Click Here to apply for our next Holiday Mastermind in (Exotic Location TBD). If you are interested in joining our team, you can Apply Here Do you have an existing business? Already closing deals, but feel there is a better way? Connect with Alex here about working with him 1-on-1 Tweetables: "The hardest part is scheduling the time to do it." "Schedule what's important to you, because if you don't put it on your calendar, then it's not going to happen." "That's how you build self-confidence, by keeping the commitments that you make to yourself." Ask Alex A Question: Have a question you want featured on an upcoming Flip Empire Show? Head over to the Ask Alex page, and record your question. We've made it super easy for you, so let us know what challenges you are having, and Alex will answer it personally! Did you get your FREE Online Course? Text the word EMPIRE to 67076, and we'll send you a link to get instant access to the "5 Ways To Scale Your Real Estate Wholesaling Business To Six Figures (In 6 Months Or Less)" video module training course. Subscribe To The Flip Empire Show, and Leave a Rating & Review!
undefined
Mar 4, 2019 • 42min

EP288: Jeff & Belinda Henry Share Insights on Their Unique Business Model (& How You Can Differentiate Yourself from Your "Competitors")

Jeff and Belinda Henry bring a unique perspective to the 'WholeKey' industry. They are closely dialed in with international and out-of-state buyers looking to invest in Tampa properties and will be sharing with you how their business model works. Jeff and Belinda are a power couple that works together and on this week's show, they share some of their struggles on how they balance work and family life. Key Takeaways: What does Jeff's and Belinda's business look like today? Jeff and Belinda focus on both WholeKey and wholesale investment properties. What is WholeKey? Jeff and Belinda provide such a white glove service that literally their buyers don't have to worry about anything. Jeff and Belinda have a 50/50 split when it comes to working with both international and out-of-state buyers. How do Jeff and Belinda find these buyers? Jeff makes sure he takes before and after photos of the rehabs he does so future investors know the type of quality their company provides. How do Jeff and Belinda thrive as business partners and as a husband and wife team? How do Jeff and Belinda take care of their three kids while running a business? What's Jeff and Belinda's process for doing deals over the phone? What's one piece of advice Jeff and Belinda would like to give their younger selves? Mentioned in This Episode: Website: SellQikNow.com Connect with them on Social: Facebook: Facebook.com/2henrysrealestate Instagram: Instagram.com/itsjeffhenry Tweetables: "If you're looking at sellers with dollar signs, you might get lucky, but it's not a recipe for long term success." "You have to be best friends. You have to know how to communicate. If you can't do that, it's going to be very difficult to work with your significant other." "Find that person you know is doing the right thing and go for them for mentorship." Ask Alex A Question: Have a question you want featured on an upcoming Flip Empire Show? Head over to the Ask Alex page, and record your question. We've made it super easy for you, so let us know what challenges you are having, and Alex will answer it personally! Did you get your FREE Online Course? Text the word EMPIRE to 67076, and we'll send you a link to get instant access to the "5 Ways To Scale Your Real Estate Wholesaling Business To Six Figures (In 6 Months Or Less)" video module training course. Subscribe To The Flip Empire Show, and Leave a Rating & Review!
undefined
Feb 28, 2019 • 26min

EP287: My "MasterMission" Experience, and the Message You NEED to Hear!

Alex shares some life updates on this week's podcast. At the beginning of the year, Alex felt like God wasn't really speaking to him, but after coming back from a mission trip to Guatemala, he realizes what God was saying to him all along. We have so much opportunity in our lives that even on your worst day, it's someone's absolute best day. Key Takeaways: It's almost March! If you're not where you want to be, it's okay; recognize it, learn from it, and move forward! Having a hard time getting rid of the chaos in your mind? Get your body moving. At the end of January, Alex attended a Lifeonaire retreat. It was there where he was inspired to attend a mission trip to Guatemala with some of his mastermind buddies. Alex is here to create an impact, to make the world a better place. And sometimes, he's not always crystal clear what that looks like. Guatemalans are very grateful and happy people. Over there, when kids turn 10-12 years old, they have to start working. Alex went into a 70 sq. ft. house and it had five to six people living in there. There was no ventilation in there and it was just a dirt floor. We have so much opportunity and yet we take it for granted. Your worst day is somebody's absolute best day out there. At the beginning of the year, Alex wasn't really hearing God speak to him. Are you open to hearing and receiving what God/universe/whatever you believe in is giving you? The next voice that you also have to pay attention to is your inner voice. Do you have KPIs for your family? Real leadership and strengths come from showing your weaknesses and vulnerabilities. Don't ever lose that. Mentioned in This Episode: Feel free to connect with Alex about doing a JV! Email him at alex@flipempire.com Click Here to apply for our next Holiday Mastermind in (Exotic Location TBD). If you are interested in joining our team, you can Apply Here Do you have an existing business? Already closing deals, but feel there is a better way? Connect with Alex here about working with him 1-on-1 Charity: Wearegraces.org Tweetables: "Average is one of the worst things you can be. I'm allergic to average." "A lot of these kids are not afforded an opportunity to get educated. Many of their parents don't know how to read and write." "We have God in our hearts, we have each other, and we have our health. How can I not be happy?" Ask Alex A Question: Have a question you want featured on an upcoming Flip Empire Show? Head over to the Ask Alex page, and record your question. We've made it super easy for you, so let us know what challenges you are having, and Alex will answer it personally! Did you get your FREE Online Course? Text the word EMPIRE to 67076, and we'll send you a link to get instant access to the "5 Ways To Scale Your Real Estate Wholesaling Business To Six Figures (In 6 Months Or Less)" video module training course. Subscribe To The Flip Empire Show, and Leave a Rating & Review!
undefined
Feb 25, 2019 • 20min

EP286: The 5-Step Formula to 10X Your Growth

Alex continues his talk on what he learned at Grant Cardone's 10X Conference. He wants to dedicate this episode specifically to one speaker in particular that really stood out to him, and that was John Maxwell. John is in his early 70s and he still continues to be an inspiration. He is a recognized leadership expert and has authored 82 books! Key Takeaways: John Maxwell was one of Alex's favorite speakers at Grant Cardone's 10X Growth Conference. John was such an inspiration that Alex would like to spend some time recapping what he learned from him. Be intentional in your pursuit for growth and personal development. Are you the dumbest person in the room? Because that's the room you want to be in. There's a 5-step formula for growth: Test, Fail, Learn, Improve, and Re-Engage. Are you afraid to fail? Get clear on what you want and then chop a little bit of that tree every day. How can you best add value to others? Alex shares some examples. Who needs your help today? Reach out to them! Success is what you do for yourself and your family, but significance is all about others. Mentioned in This Episode: Connect with Alex on Instagram Conference: 10xgrowthcon.com Find out more about John: Johnmaxwell.com Book Recommendation: The 10X Rule: The Only Difference Between Success and Failure, by Grant Cardone Tweetables: "You have to embrace the suck. If you want something and it's something worthwhile, it's going to require sacrifice and effort." "I made a commitment to myself that personal development will always be a part of my life, and it's one of the best decisions I ever made." "You gotta change the question in your mind from 'how long is something going to take' to 'how far can I go.'" Ask Alex A Question: Have a question you want featured on an upcoming Flip Empire Show? Head over to the Ask Alex page, and record your question. We've made it super easy for you, so let us know what challenges you are having, and Alex will answer it personally! Did you get your FREE Online Course? Text the word EMPIRE to 67076, and we'll send you a link to get instant access to the "5 Ways To Scale Your Real Estate Wholesaling Business To Six Figures (In 6 Months Or Less)" video module training course. Subscribe To The Flip Empire Show, and Leave a Rating & Review!
undefined
Feb 21, 2019 • 15min

EP285: Here are at Least Three Reasons Why Having a Daily Huddle Is Awesome

Alex has recently incorporated a daily huddle into his team and he's seen some amazing results from it! Not only does he have team buy-in from it, but team morale is incredibly high as well. Every morning Alex looks forward to these meetings because it ends in such a high note with someone singing or laughing! Key Takeaways: Thank you so much for reaching out to Alex and letting him know you love the show! Recently, Alex implemented a daily huddle into his business. Alex and his team start on a high and they end on a high. On the daily huddles, you don't try to solve any problems. The idea is to just bring up any challenges you currently have. If someone on the team got caught being awesome, the team has a chance to bring it up! Alex likes to close the huddle on a high note with a song! Even if you're a one-person show, Alex recommends you carve out 15 minutes each day to run through these exercises yourself. Mentioned in This Episode: Feel free to connect with Alex about doing a JV! Email him at alex@flipempire.com Click Here to apply for our next Holiday Mastermind in (Exotic Location TBD). If you are interested in joining our team, you can Apply Here Do you have an existing business? Already closing deals, but feel there is a better way? Connect with Alex here about working with him 1-on-1 Momentumpodcast.com Tweetables: "The daily huddle is one of those moments in a day that I look forward to." "We have a 'who got caught being awesome?' It gives us an opportunity to inject positivity and fun and some humor into the call." "Sometimes we'll start with some music and at the end, we'll have a motto or yell out a goal." Ask Alex A Question: Have a question you want featured on an upcoming Flip Empire Show? Head over to the Ask Alex page, and record your question. We've made it super easy for you, so let us know what challenges you are having, and Alex will answer it personally! Did you get your FREE Online Course? Text the word EMPIRE to 67076, and we'll send you a link to get instant access to the "5 Ways To Scale Your Real Estate Wholesaling Business To Six Figures (In 6 Months Or Less)" video module training course. Subscribe To The Flip Empire Show, and Leave a Rating & Review!

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app