The Wealth Elevator Podcast: Real Estate, Taxes, Investing

YouTube Link: https://youtu.be/1N3wBAwPrfw? sub_confirmation 1 Article 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 Pardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math! ________Here are the Show Notes________Partner with Multi-family Home (MFH) students to close first MFH deals.Passive Income became attractive after reading Rich Dad, Poor Dad.Opened pizza restaurants without mentor and lost 95% of net worth after 5 years.Realize can raise money for Real Estate. Flipped 30 houses in 2 1/2 year but still active work.Received passive mailbox money for first apartment in 2011 and never turned back.Combination of doing MFH deals and teaching/helping others is fulfilling.Stop being a drifter. Drifting keeps us from living an intentional life. Ongoing experiment to scale business while not lacking quality of deal.Transition from being focused on generating money to helping people become financial-free.Do first MFH deal and reduce living expenses to quit W-2 job. Momentum will build in subsequent deals. But first deal is always hardest.At peace with things out of your control.Be sensitive to where your business is to make right investments, such as virtual assistants, salary employees, etc.Smaller apartment deals (duplex) will kick off law of first deal. Don't need $30K to do first deal. Spend on education and raise capital and/or find deals in this seller's market.Controlling time is most important resource. Don't put ladder on wrong building. Visit www.themichaelblank.com to download free ebook about raising money for MFH apartments. Hosted on Acast. See acast.com/privacy for more information.

Article 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 Pardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math! ________Here are the Show Notes________Own an appreciated hard asset of half-acre turnkey coffee parcel titled under your name for less than $20K. Average annual return (IRR) +10% (proforma) calculated over 20 year period. Experienced operators including David Sewell all live in Panama and professionally manage coffee farms.$90 billion industry annual that is sustainable and growing demand with limited and declining supply worldwide.ICFC founded in Panama in 2014. Own and operate 10 specialty coffee farms in Boquete area.BCC in Belize founded in 2016. 3 fine flavor cacao farms. Just like wholesaling - except tenants are tree! Buy underperforming property, add value, and get investors to be a part of it. Gain legacy income with minimum of 5-7 year investment - preferably longer to mature and ""harvest"" extra rewards. International real estate, in your own name, is not reportable under FBAR or FATCA regulations. Asset does not currently require reporting to US government.ICFC reserves 20% of farm operating profits to provide bonus pool and improve lives of impoverished coffee farmers in Panama.3 group coffee farm tours every year (March, July, and November). Visit www.simplepassivecashflow.com/coffee for more pics/videos. E-mail Lane@simplepassivecashflow.com for special pricing. Hosted on Acast. See acast.com/privacy for more information.

For full article with links go to SimplePassiveCashflow.com/journey Hosted on Acast. See acast.com/privacy for more information.

YouTube Link: https://youtu.be/_q1CV--qhBg? sub_confirmation 1Article Link: http://simplepassivecashflow.com/119-dissecting-recent-insurance-claims-ed-babtkis/Text “simple” to 314-665-1767 to download the Hui Google Drive files and the 2018 Rental Property AnalyzerFor 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/1118795347Join the Hui Deal Pipeline Club! SimplePassiveCashflow.com/clubPardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math!________Here are the Show Notes________Revisit Episode 38 for insurance fundamentals. Two recent claims broke the straw on the camel's back for single-family homes.Water claims has a lot of denials and payments. If homes built in 1920-1960 and pipes haven't been touched, chances are pipes are leaking. Leaking --> cracked pipe --> pipes burst. If property vacant, pipe leaking, and in cold weather environment, house needs to be "winterized."Establish pre-existing condition by taking before and after photos - especially if pipes in good condition when you purchase.Defining cause of damage always murky.Recoverable Depreciation = amount of money you get as long as you do the work.Tenant in Episode 80 went AWOL and trifecta of theft, vandalism and maliciousness mischief.After before and after pictures, frame claim with timeline of problems - ensures claim happened during policy period.Ed runs Ross Diversified and insures nationally, such as investment properties, NPN, foreclosures, fix-and-flips, and more.Best way to contact Ross Diversified: 1-800-210-7677 and/or Bruce Young at byoung@ross2.com. Hosted on Acast. See acast.com/privacy for more information.

118 - Interview with Nick Loper - Side Hustle NationText “simple” to 314-665-1767 to download the Hui Google Drive files and the 2018 Rental Property AnalyzerFor 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/1118795347Join the Hui Deal Pipeline Club! SimplePassiveCashflow.com/clubPardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math!________Here are the Show Notes________Started side hustling with footwear comparison shopping website while working in Corporate America.Some projects worked; some didn't. Side Hustle Nation blog and podcast still exists and going strong. Stuck on bottom rung of Fortune 50 company with no direct results to effort you put in."Hustle Time" after 9-5 and weekends. Prioritize one thing for your business that is proactive accomplish it the next day before going into reactive mode. Set up "Theme Days" to be more efficient. Listening to radio is a waste of time. Used audiobooks and podcasts as own coaching.Accountability from peer and mastermind groups keeps you hustling.Purchasing a rental is an accepted, passive side hustle you can likely be public about.Side hustles weren't huge secrets. 44 million Americans have income on the side anyway.Real Estate Investing at moment are through REITs, Fundrise, Peerstreet. Focus on what you know and willing to do.Need to start side hustle and business to get bigger returns v. real estate investing. Visit www.sidehustlenation.com. For part-time ideas, visit www.sidehustlenation.com/ideas. Hosted on Acast. See acast.com/privacy for more information.

YouTube Link: https://youtu.be/LOORnE1rWFk? sub_confirmation 1Text “simple” to 314-665-1767 to download the Hui Google Drive files and the 2018 Rental Property AnalyzerFor 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/1118795347Join the Hui Deal Pipeline Club! SimplePassiveCashflow.com/clubPardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math!________Here are the Show Notes________Different types of Assisting livingThe boutique ALF methodHow Loe got started investing10 percent higher than average rents of 5500 a month in TXALF business plansHow to find a home for mom and dadFind Loe at http://thesageoak.com/ Hosted on Acast. See acast.com/privacy for more information.

YouTube Link: https://youtu.be/4K4VFnGpfJo? sub_confirmation 1Text “simple” to 314-665-1767 to download the Hui Google Drive files and the 2018 Rental Property AnalyzerFor 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/1118795347Join the Hui Deal Pipeline Club! SimplePassiveCashflow.com/clubPardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math!________Here are the Show Notes________Jay Papasan is a bestselling author, vice president and executive editor at Keller Williams Realty International, and co-owner, alongside his wife Wendy, of the Papasan Properties Group in Austin, Texas. His most recent work with Gary Keller on The ONE Thing has garnered more than 200 appearances on national bestseller lists including #1 on the Wall Street Journal bestseller list. Before joining Keller Williams Realty, Jay served as an editor at HarperCollins Publishers, where he worked on such bestselling books as Body-for-Life by Bill Phillips and Go for the Goal by Mia Hamm.Jay serves as Gary Keller’s co-author and executive editor on best-selling titles including: The Millionaire Real Estate Agent, The Millionaire Real Estate Investor, SHIFT: How Top Real Estate Agents Tackle Tough Times, FLIP: How to Find, Fix, and Sell Houses for Profit,HOLD: How to Find, Buy, and Rent Houses for Wealth, and The ONE Thing: The Surprisingly Simple Truth Behind Extraordinary Results. He also co-authored SHIFT Commercial.Best investing books Simplepassivecashflow.com/booksThe domino theory - momentum18-25% total return for SFHStart small - and go small first fastCo pairing tasksFocusing question - what is the one thing I can do that will make everything else go away411 - annual goalsWork a maze backwards - begin with the end in mindCounter balance not balancedWhen do you stop pushing and start living?Don't buy your primary residenceInvolving your spouse Hosted on Acast. See acast.com/privacy for more information.

Text “simple” to 314-665-1767 to download the Hui Google Drive files and the 2018 Rental Property AnalyzerFor 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/1118795347Join the Hui Deal Pipeline Club! SimplePassiveCashflow.com/clubPardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math!________Here are the Show Notes________Aside from blog, owns 15 rental properties in Northern Colorado generating $7K/mo passive income.Harder to cash flow around Denver. Looking out-of-state.Since Sept 2015, has not purchased new SFH. Focusing on commercial, flipping, which was best use of time.Always demand for low-end flips (less risk v. high-end).Write own goals, don't rely on other people, and think differently to develop himself.Don't C.E.F. - especially if you're not a contractor.Some opportunities in purchasing primary residential properties, but not going to stay there forever.If you want to be creator and sell houses full-time, get a real estate license. If part-time, not really recommeneded unless you own a couple properties already and can expend time.Goals for more passive income ($100k/mo) and freedom = happy. Change your mindset and try. Otherwise, you're stuck where you are (ex: frugal). What's your motivation and dreams?Let people drink their haterade.Tough to let go, but happier to save time by hiring out on blog, website, e-mail, property management, etc. Not a tech-savvy guy, but build blog and all that SEO!Wished more good people to hire directly instead of 3rd parties.Don't force yourself to buy something - especially in a sellers market. Are you taking action that's getting closer to your goals or treading water? Take time for yourself.Always lot of stuff to do, but don't stress about it. A couple mistakes or not getting things done will not ruin you. First blog comment was fulfilling. Drives motivation on how to help give back to others. Check out www.investfourmore.com and podcast. 453 articles and 117 podcasts. Contact info: Mark@investfourmore.com Hosted on Acast. See acast.com/privacy for more information.

YouTube Link: https://youtu.be/KrOhA6xv6rc? sub_confirmation 1Text “simple” to 314-665-1767 to download the Hui Google Drive files and the 2018 Rental Property AnalyzerFor 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/1118795347Join the Hui Deal Pipeline Club! SimplePassiveCashflow.com/clubPardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math!________Here are the Show Notes________Income has a capBought first house at 21Take business profits into buy and hold rentalsSay out of Seattle Mount Vernon WATell the agent in super simple termsComments on meetupsShould i get started now? Hosted on Acast. See acast.com/privacy for more information.

Simplepassivecashflow.com/buckText “simple” to 314-665-1767 to download the Hui Google Drive files and the  2018 Rental Property AnalyzerFor 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/1118795347Join the Hui Deal Pipeline Club! SimplePassiveCashflow.com/clubPardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math!________Here are the Show Notes________We heard you on podcast 17 and you told your story - http://simplepassivecashflow.com/podcast-17-serial-entrepreneur-dr-buck-joffery-wealthformula-podcast/Hearing your story high paid doctor. Describe yourself as an employee?Great butt kisser Lane’s getting fired storySo you were fired what gave you the security to not go back?Lane’s getting fired storyhttp://richhabits.net/catastrophes-reveal-inner-greatness/?mc_cid=610082b2da&mc_eid=a129173ca3Why professionals are trained to go through the systemThe two excuses why not to leave the professional systemWealth formula - Mass (money) x Velocity (Leverage) = wealthYou need to make money What happen to assisted living project? Taking shots and trying things out? Where is the transition point from taking singles to going to homers?We are talking about Jorge from Simplepassivecashflow.com/ahpSPC listeners are usual creatures. Get me in a room with a bunch of W2 workers talking about their frequent flier miles and their cars and I'm completely turned off. What are your thoughts on coping with this?What are some ways you teach the entrepreneurial spirit with your kids?What if they just want to work for the man or do peace corps?Simplepassivecashflow.com/buck to get the free 1-hour coaching offer from Buck. -----------------------------------------------------Our worst W2 moments which were our Han Solo MomentsHow to make it as a medical professional? - Kiss Butt 😁We are robots.For more content go to Simplepassivecashflow.com/buck Hosted on Acast. See acast.com/privacy for more information.