The Wealth Elevator Podcast: Real Estate, Taxes, Investing

https://youtu.be/YYNq4EZEjgkShow notes: SimplePassiveCashflow.com/153riceBuy the book we discussed hereComing out of college—I worked for the department of economic development up in Albany New York, and it was a really interesting experience. I was charged with helping being a part of projects where we try to keep businesses in New York or otherwise help them locate there, which is difficult to do given the high taxes that are in New York.Did that for a couple of years, didn’t want to be a civil servant my whole life, so I went to law school—like most aimless people do as they try to find their way.They say a fool and his money are soon parted, and, for the 1 percent, this is especially true. The more wealth one has, the more risks to their financial security. But with the right knowledge, planning, and guidance, the affluent can not only preserve their assets but enjoy them as well.Private wealth manager Frazer Rice has seen every challenge and success that the well-off can face. In Wealth, Actually, he shares his holistic, adaptable approach to wealth management. Through a combination of philosophical discussion, practical advice, humor, and anecdotes, he shows how prosperous individuals can determine what they want their wealth to do; communicate with loved ones about their fortune; avoid overspending; handle wealth threats; evaluate, grow, and protect investments; and choose the best advisors.Money shouldn’t be the dream—but, when it’s managed right, it can be the perfect tool to make dreams come true. Hosted on Acast. See acast.com/privacy for more information.

7 Lessons learned from first few deals7 - Not Googling the crime on the property6 - Not communicating enough through the closing process with LP’s (1031 story)5 - Not following up with the mortgage broker enough (going through a mortgage broker)4 - Not having a relationship with the leasing person (found out she was working multiple props)3 - Not asking if the PM can handle investor checks2 - Not firing a Property Manager fast enough1 - Not starting soon enough (invested in SFR’s, but scaled with MFH) Hosted on Acast. See acast.com/privacy for more information.

https://simplepassivecashflow.com/151doctor/Check out more on you Youtube Channel Hosted on Acast. See acast.com/privacy for more information.

Take the hint from other high level investors and be aware that MFH Apartments is where a lot of new syndicators are starting businesses and where all the gurus are teaching about the space. It might be time to look elsewhere other than Apartments and into mobile home parks.Learn more about the asset class here - https://simplepassivecashflow.com/mobile-home-park-investing/ Hosted on Acast. See acast.com/privacy for more information.

Full notes and SPC guide to QRPs and Retirement plansSimplepassivecashflow.com/QRP Hosted on Acast. See acast.com/privacy for more information.

Too much good stuff - go ready the full article here:SimplePassiveCashflow.com/investorletter Hosted on Acast. See acast.com/privacy for more information.

Vice IndexWatch the China TradeEconomic indicators THE MONEYBALL TRADERThe Moneyball Trader is a weekly advisory providing traders and investors with full research and analysis of the top companies to buy or sell on a weekly time horizon. The advisory’s approach is based on comprehensive data analysis.ANDREW ZATLINAndrew began his career as a trained economist, eventually focusing on consumer trends as a Research Fellow at the Kyoto University Economic Research Institute. Wanting more hands-on experience in the business world, he went to the Haas School of Berkeley for his MBA in 1992.Andrew’s next stop was Silicon Valley at the onset of the digital revolution. The timing couldn’t have been better.As a 20-year veteran of the semiconductor and networking world, Andrew has participated in the emergence of the new global economy, one based on the unique characteristics of the digital world and a changing global supply chain.The first-hand experience with the 21st century economy and what makes it so different has enabled Andrew to outperform Wall Street experts. His macroeconomic forecasts consistently rank at the top of Bloomberg polls. Even better, he has harnessed the deep understanding of the way modern companies operate to find the key data points that predict which companies are likely to beat or miss their earnings.Andrew Zatlin is a leading forecaster of key economic benchmarks. His forecasts are published on Bloomberg and for the year to date, he has been named:* Leading forecaster for Retail* Leading forecaster for Payrolls* Leading forecaster for Jobless ClaimsEvery Thursday morning - http://www.dol.gov/ui/data.pdfMoneyball Economics prides itself on:Presenting new & different ideasProposing actionable investing ideasBeing provocativeVice index?How is the US Economy doing?What else indicators or things regular guys can as a bookmark on their computer?10-2 year index?Is the U.S. Economy Slowing Down?Where to be buying?3-6 months of chaos?What asset class do you see as most recession resistant?Why is the Moneyball ending? Hosted on Acast. See acast.com/privacy for more information.

Matt, and I met a few years back when we were starting to invest in apartments. Having the right network is critical and its important to grow with people. Make no mistake this type of investing is high risk high reward but it's a whole lot of fun. When I build my base of cashflowing Class B and C apartments I will look to trophy assets like these.For more check out SimplePassiveCashflow.com/broadwayErica Lynn SchwartzErica Lynn Schwartz is a Tony-nominated performing arts professional with a widevariety of theatrical development and production experience. Erica has over 15 years of experience in Live Entertainment including producingBroadway shows. Her Broadway producing debut was Neil LaBute’s Reasons To BePretty (TONY, Drama Desk & Outer Critics Circle Nominations for Best Play) and sheis currently a co-Producer on Moulin Rouge! The Musical. Erica has invested in severalshows including the smash-hit Hamilton and an international tour of Wicked.Erica has worked on several Broadway shows including Wicked, The 25th AnnualPutnam County Spelling Bee, I Love You, You're Perfect, Now Change, Movin'Out, Doubt, and Hairspray. She ran the licensing, booking and touring division ofDaryl Roth Theatrical Licensing, lead a $25.5 million capital campaign for MCCTheater's newest complex and managed the reopening of Lincoln Center’s Alice TullyHall.Erica is a graduate of Northwestern University where she holds the honor of being nameda Distinguished Alumnus in 2008. She is currently the General Manager for the EmersonColonial Theatre in Boston, Massachusetts, where she resides with her husband and theirtwo daughters.For more information about Erica and Avalon Road Productions, please visitwww.avalonroad.netMatt Picheny, PMPMatt Picheny is the Managing Partner at MJP Property Group, a real estate investmentcompany. He has been involved in single family, multifamily & vacation rentals for over13 years. Matt has experience in property valuation, acquisition, new construction, rehab projects,property leasing, management, financing and is a Fannie Mae approved buyer. With aninvestment portfolio of over 1,350 units, he is primarily focused on acquiring andrepositioning multifamily communities. As a PMI certified Project Management Professional, Matt has a proven track record ofdelivering projects on budget, on schedule and at the highest quality standards. He is amarketing veteran whose 20-year New York City career spanned several of the world’slargest advertising agencies, producing award-winning projects for Fortune 500 clientsincluding Verizon, IBM, and Coca-Cola.For more information about Matt and MJP Property Group, please visit www.mjppg.comOnce you have gone through the majority of podcasts feel free to sign up for a chat - Also to get into my projects please setup a call because we need to have a pre-existing relationship.Setup a call here: https://calendly.com/simplepassivecashflow/20/SimplePassiveCashflow.com is for working professionals who are looking for diversification and better returns outside of traditional investments such as mutual funds and stocks. Hosted on Acast. See acast.com/privacy for more information.

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YouTube Link: https://youtu.be/AbrmeS7sJWwFull tax guide - SimplePassiveCashflow.com/taxArticle Link: Text “simple” to 314-665-1767 to download the Hui Google Drive files and the 2018 Rental Property Analyzer For a free electronic version of my bestselling book in 12+ categories text the word "ebook" to 587-317-6099. Please help the show by leaving a review: http://getpodcast.reviews/id/1118795347 Join the Hui Deal Pipeline Club! SimplePassiveCashflow.com/club  Hosted on Acast. See acast.com/privacy for more information.