The Wealth Elevator Podcast: Real Estate, Taxes, Investing

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________The two biggest enemy of success is fear.It inhibits you from taking action. And nothing happens without that.Fear, never goes away, no matter how successful you become. Same thing is said about CrossFit workouts… they never get easier. You just plateau to a new level of suck.The same fear exists for the successful, why don’t they hold them back from taking action?It made me push to busy my first out of state rental in Birmingham from Seattle, sell my Seattle rentals to 1031 into a dozen out of state properties, and lately moving toward a portfolio of syndicated private placements. I don’t know what’s next?Successful people simply make a habit of taking action, despite the fear. They have gained the habit/muscle or mental six pack of taking action.By taking action do you gain the experiences of facing obstacles and overcoming them, facing mistakes and learning from them, taking risks and surviving failure. Gained muscle or even a crazy mental eight pack. You draw upon these experience in times of hardship or difficulty.Obstacles always change but your ability and track record to move around it is what is most important. When we evaluate people to work with Track-record is always important. Obvious we want to work with someone who is proven but realistically every situation in the future will be different and we are really looking for someone who can deliver despite the obstacles. We are not looking for who is a genius (although it helps) or even with some competitive advantage but mostly good character and ability to overcome obstacles… dare I say turn obstacles to opportunities.There are a couple leads that have had touch times in their deals lately due to circumstances outside their control. What I know of their mindset is that they are freaking resilient that they will overcome the obstacles.When crap happens we want say:“we’ve faced a similar uncertainty before and this was the mistake we made and need to avoid”“we’ve taken a similar risk before and we survived”Do not mistaken brazen courage with competence/confidence. There are a lot of people who fake it till they make it.Risk: If you are in aware of the risks and rewards (mentor/stage 3 of 4 of learning) then take the most risk as possible. The Shape ratio theory that I believe in that the more risk you take the more reward you get exponentially. Therefore take as much risk as you can to capitalize on the most reward. BUT… huge caveat here… only take the most risk that you are willing to take that if the worse that can happen you can live with.This is why I don’t skydive.This is why I stick primarily to non-recourse deals where the apartment is stabilized.proxy service: http://kproxy.com/ Once 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. Check out my Free Resources Below:1) The Hui Deal Pipeline Club is a free investor club where I filter investments and underwrite the numbers and partners myself.. Unlike other investor lists and groups, my investors have personal access to me and know that I personally have skin in the game investing alongside with my investors. Make sure you sign up for my Hui Deal Pipeline Club to get sent the deals I come across:Simplepassivecashflow.com/clubMastermind Club: If you or someone you refer invests at least $50K into one of my future deals you will be invited to my exclusive Ali'i Mastermind with other 12-20 other serious investors to discuss deals and our own portfolios. For more details: SimplePassiveCashflow.com/mastermind 2) Join a Social Club: Seattle: https://www.facebook.com/groups/SPCHUISEA/ Hawaii: https://www.facebook.com/groups/SPCHUI808/ Portland: https://www.facebook.com/groups/SPCHUIPDX/ Bay Area: https://www.facebook.com/groups/SPCHUIBAY/ So Cal: https://www.facebook.com/groups/SPCHUISOCAL/ East Coast: https://www.facebook.com/groups/SPCHUIEAS/ Central USA: https://www.facebook.com/groups/SPCHUICUS/ 3) Subscribe to my podcast on iTunes or Google Play. Google Android Phones: https://playmusic.app.goo.gl/?ibi=com.google.PlayMusic&isi=691797987&ius=googleplaymusic&apn=com.google.android.music&link=https://play.google.com/music/m/Iizwgws56nif7jllsr5zqk74gh4?t%3DSimple_Passive_Cashflow_Podcast%26pcampaignid%3DMKT-na-all-co-pr-mu-pod-16Apple iPhone: https://itunes.apple.com/us/podcast/simple-passive-cashflow-podcast/id1118795347?mt=2Youtube: https://www.youtube.com/channel/UC3cIIsGKx3osVU5rt2P0HfQStitcher: http://www.stitcher.com/podcast/lane-kawaoka/simplepassivecashflowcom-podcastSpotify: https://open.spotify.com/show/1TrHc3fc8ZGw4mX3yK76rSiHeart Radio: https://www.iheart.com/podcast/simple-passive-cashflow-podcast-29238009/4) Need a legal, insurance, Virtual assistant, CPA, or other referral?. Shoot me an email Lane@simplepassivecashflow.com with a short bio.5) Please leave a review for the podcast!http://getpodcast.reviews/id/11187953476) Coaching Program to get you to your first rental in 90 days!simplepassivecashflow.com/coaching 7) Summary of every Simple Passive Cashflow Podcast: https://docs.google.com/spreadsheets/d/1gJc_p0RCKUPlKRiF17FgtXvcIkvZS-iHjGNo8Vts3K0/edit?usp=sharing 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________1) How much CF are you making today and how are you doing it? Generally I’ve fluctuate based on buying/selling of real estate. Right now it’s all from passive investments in apartments. My peak was couple thousand a month. So as I started investigating other investment activities I dabbled in:P2P investing - Returns were decent (I think I made like 18%), extremely passive once you funded loans. I was fortunate that none of the ones i lended on defaulted so that’s real risk. While you are earning interest payments, it goes back to account so extremely illiquid. You wait out the loan term which can be long. No control. I’d rather do private lending that’s backed by a physical asset. Dividend stocks - Lot of research, reading investment newsletters, etc. You’re still at the whimsy of the stock market. I could see doing this in future maybe if there’s a crash and you can pick up trophy companies cheap. Again no control.Gold/silver - I got caught up by the Gold bug rhetoric of “the dollar not backed by anything" “ the crash is coming” “ look how much debt we have” blah blah . A lot of similar stuff you see some Cryptocurrencies saying now. To me you need treat as a store of value and something you don’t care about price. And you need to hold physically. It’s a chaos hedge. But it doesn’t cash flow. And if shit really did hit the fan, you’re not going to need gold, you’re going to need guns, lol.Internet business (I did sell it later for a small gain). A lot of work…it’s a business. You can get caught up in the 4-hour work week thing, sell your ebook, etc but this takes consistent cultivating like any other business. I had an instance where a change in Google algorithm killed my profit. Infinite banking (which i’m all in on still) - You’ve had podcasts before on this topic about all the benefits but it’s an amazing vehicle that complements real estate. Personally I don’t think of this as a true investment, it is a savings vehicle. I treat it as my cash war chest and foundation. Downsides to me are that you have to understand and treat as a system otherwise you’ll fail miserably. It’s also literally a lifetime commitment. Ultimately I settled on real estate starting the single family route in Dallas area (buy, rehab, rent, self manage, etc). I eventually saw the light (What was the light) of multifamily and started investing passively, sold off my single family houses and now a new aspiring sponsor/operator. There’s all the typical things people say (econmies of scale, non-recourse, etc) but my a-ha moment (my 2nd Han Solo moment I guess you could say) was when I started looking for another rental house. I realized adding another $300/mo cashflow wasn’t going to drastically change my life. If I wanted to level up faster, I needed scale faster. Multifamily can do that. When you get a large check for hundreds of thousands from a disposition event on an apartment complex, that’s life changing and can get you places. (So now you are in the stage where you are doing all the hard work before the success... lets go through this list of things that you are doing... this add value to the listener and maybe we can have a discussion about best practices - Just think in the future when a future investor listens to all the shit you did to get into this)1) Joined mentorship program (I would rather not say who they were) No problem. Main best practice to me is it’s almost a requirement for MFH. This is a must in addition to all the other education (reading, podcasts, etc)2) Regularly Contacting brokers/Signing up for lists 3) Evaluating deals4) Scheduling in-person meetings with with brokers to connect (what did you do). My partner and I specifically reach out to have a meetings at a broker's office. We’d talk about what we’re doing, looking for, etc and it gave us an opportunity to meet other associates. I’ve tried to do in-person at their office or if I can take them to coffee. For out of town brokers we’d do over phone or if we travel to see a deal (leveraging a current listing of theirs as a talking point to get convo started).5) Making regular LoopNet rounds6) Going on property tours7) Networking on BiggerPockets/LinkedIn/Facebook, etc8) Going to Meetups, events, and conferences9) Partnered up with another new sponsor/operator to duplicate efforts, fill gaps, etc (What do you do well and what does he compliment). My partner is better at making connections and relationships than I am. I’m more analytical and investigative. He's an eternal optimist, while i’m Mr. Engineer worst case scenario. He can get shiny object syndrome whereas I’m much better at keepings things on task. We’re both at the same level/point in our investing so we have a good synergy with the perspective we’re coming from. One of the things we like is if it takes looking at 100 deals to get 1, maybe us both looking cuts that in half lol. 2) What is your Han Solo moment…I had two.1- One was a couple years into my career and i started think there was more than this for 30-40 yrs and began exploring other stuff (as mentioned before)2- Shift from single family to multifamily. My a-ha moment mentioned before. 3) Worst life/business moment what did you do a er? Lesson learned?I’ve had those crappy issues that come up with rentals, like plumbing issues, tenant issues, foundation issues, etc which sucked. Although one big one was not listening to my wife about a single family house. I had a tenant turnover in one of my rentals and I had been mulling about selling and focusing on multifamily. Instead of listening to my wife who encouraged that, I did the easy thing which was find a new tenant. I had gotten so in the routine and it was the easy option even though I knew I was ready to step into next thing. It ended up being my worst tenant ever (she paid but was really needy) and a headache. I ultimately sold it a few months later. Lesson learned: Listen to your wife more. While she isn’t involved directly in the nuts and bolts, she is a better judge of character and intangibles in both myself and others. 4) Current 2‐week experiment and 6‐month project? (90‐180 day goal) A mark of a high performer is to put your ego aside and accept the help of others and mastermind maybe folks can help you by you asking.2-week: Let’s see when we get there. Lot of personal type things likely going on (not sure if that’s valuable for your audience?)6-month: Sponsor a 75+ unit, class b/c apartment. That’s my one thing. 5) What is your simple passive Cashflow number? Now imagine you had 2x that amount... Describe your ideal day, detailed rou ne, and what projects you are working on.6) Something that you have recently or thought about “burning your cash” on for me savings or an improvement in quality of life.Meal service, not the recipe in the box but the fully prepared, proportioned individual meals. I enjoy cooking but not thinking about what I have to eat is something that I find makes my day easier, especially now that I have a baby. It’s just fuel, i can eat the same thing everyday and be fine. Plus it helps me stay on the straight line nutrition wise.There’s a good book on this topic called Happy Money I recommend. 7) Something that you changed your mind on? Our ego o en gets in the way of greatness.2 Things:1. I used to think of insurance for the financial aspects only but now I think about the riders, disability kickers, etc. Having a kid changes your thought process so now i’m more thoughtful about things like insurance, estate planning, etc. I’m still behind on that stuff, but now these long term planning things are in my thoughts.2) Owning a house isn’t a big deal. We recently sold our house and moved to an apartment for a number of reasons...yada yada yada. I’m not full Grant Cardone though. 8) In this sellers market... what are you inves ng in? What should a someone who does not have a substan al level of cashflow yet be inves ng in?My cash value life insurance/infinite banking strategy is my core foundation. I see that as the warchest and can let me sit on “cash” without losing too much. I’m obviously still actively pursuing multifamily, it’s harder of course with the current market, but deals can be found in all markets. Nothing wrong with being patient if you think things are frothy. 100% of nothing is better than any percent of a bad deal. Being patient is the hardest thing.brent@hellomultifamily.com Hosted on Acast. See acast.com/privacy for more information.

YouTube Link: https://youtu.be/BXbgwbCcTnwText “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________Dealing with an eviction:  “Hi Lane! I delivered an evection notice to tenants yesterday and had the opportunity to speak with husband at the door. He stated that he and his wife had both started new jobs and would be able to make one full payment in a week (this was the story for seemingly a month or two) and would be able to make a partial payment in 10 days. Before we proceeded forward with an agreement, wanted to see if that works for you. They are currently $3,000 behind before for a total of two months.  Here is what I did…I okayed the concession to give more time. I requested some sort of proof of new job status (a hire letter or email). I am more than willing to work with people… These have been long tenants of almost a couple years and B+ /A- home that rents for $1500 a month.Caveat… I am really near to selling these properties this year and don’t really want to rock the boat in terms of enforcing long-term behavior.Revamping my turnkey rental content – simplepassivecashflow.com/turnkeyI have currently sold 2 of 10 SFH rentals (P&L offer)One of them Columbia is had $27K to get back online. Going to pay 37K to sell retail. Another property Riverwood just went vacant. Going to pay 20-30K to sell retail too. Talked with my team – PM, Contractor, couple other hui membersIs it a good area to go retailWill I recoup capital overlay based on comps Soon I will unrolling my private lending platform. CrowdfundAloha.com! So if you are looking for a 1st lien property with my partners let me know. We are talking about even providing turnkey services.This is not really a money making things cause the margins are just really tough these days. After over 1000 strategy calls with investors and coaching clients over the past couple years here is what I tell W2 employees... For those who are able to save more than $30k a year or have substantial liquidity (over 200k), being a landlord and especially flipping is a lot of work. If you like it cool/good for you... but just remember why we got into this... To be free from a JOB. A lot of us (80%) who stumble upon simplepassivecashflow.com and start drinking Kool-Aide will be financially free in 4-7 years pending taking action. So I always urge people to start with the end in mind and take a more passive approach.Do the math here… you with 300 dollars per property (2 months of work to buy a turnkey rental) you are going to need 20-40 of these to replace your income. I have 10 of these and have systems in place but have 1-2 evictions a year and 3-4 big things that happen. Image if I had 30, just 3 x those numbers.Directly investing in a turnkey rental or small MFH is a good way to start to learn and build up the war chest to go into my scaleable investments such as private placement syndications. Whatever you do, try to be as close to the investment as possible. This is the fundamental problem I have with Wall Street who takes too much fees off the hard-working efforts of the middle class. Looking at some deals. So folks in the Hui Deal Pipeline Club (who have reached out to me and built a relationship) will see those really soon. :P I hope I have enough liquidity… I might need to borrow some money :PSingle Family Homes becoming a legitimate asset class – Spring 2018 ConferenceThe lending requirements and new loan products is slowly changing. I know a lot of you have heard that Short Term Rentals (Air Bnb) income is starting to become part of the loan calculations.Something I'm following is lending on large portfolios of single-family homes. Some of the highlights:1) up to 10-year term with 1.25 DSCR2) portfolios minimum size of 50 properties3) assumablePilot program details download here - https://drive.google.com/open?id=1aTIbru2HEPbw_KLHTvU5-Iyk0aoQB8GxLook even a SFH conference - https://drive.google.com/open?id=1cI15DnBUn8LRA54NTCh667exeR3OtlIuOther Fannie Changes - https://drive.google.com/open?id=1WumUWsduuLnHqDi6IJXNipX7IsT9AUFaAirBnb lending requirements looseningI read this following article that described rent concession in a few major cities that I like as apartment markets.http://www.nreionline.com/multifamily/more-apartment-landlords-offer-free-rent-lure-tenantsHere is another article citing industrial as the sector to be in:http://www.nreionline.com/industrial-cre-market-study/exclusive-research-clear-sailing-industrial-sector-through-2018My takeaway is that this is important to monitor especially if you are developing because this is a leading indicator of softness in the market. It might be economic reasons or just because a bunch of new build inventory is coming online in that area. Either way…Robert Kiyosaki has a saying, "there are three sides to a coin". People argue that its a good time to buy or bad time to buy. For example "mfh” is overheated or commercial is getting killed by Amazon and e-commerce. I think these are mental justifications by tire kickers not to do anything.Sophisticated investors live on the edge of the “coin”. They buy deals out our reach of amateurs due to the lack for network/knowledge. These opportunities are undervalued, with undermarket rents, with value-add opportunity.They are patient and don’t stray from standards that make them get crushed in a market correction. (Cashflow from other investments make this possible) They invest following the macro and micro trends and don’t gamble on gimmicks such as guessing where Amazon’s next HQ is going or where the hurricanes just crushed a market.The trouble is as an outsider is figuring out which of these deals transcends the two side of coin and is on the edge. And starting out its going to be slim pickings due to lack of network but you have to push through this rough part.I am from the camp that you need to become an expert or get beyond the surface level investor stuff in some freebie pdf guide or video. Or just find the right people to work with. To many people get shinny object syndrome and float from sector to sector, from a money-making activity to another, read book after book and never get anywhere. You see these people at a lot of networking events. There is a lot of movement but no tangible results. This is where coaching comes in but for some people not able to get over having another person call them out on their BS you need to get laser focused and take massive action or quit fooling yourself.I’ll be at the notebuyerbootcamp on the panel for syndication in Chicago next week. Notebuyerbootcamp.com Hosted on Acast. See acast.com/privacy for more information.

YouTube Link:Text “simple” to 314-665-1767 to download the Hui Google Drive files and the 2018 Rental Property AnalyzerPlease 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:Investor, advisor, writer, father. Founder at @yieldtalk. Ex @oreillymedia, @safari. Occasional consultant & speaker. Chronic reader.1) Your background and your Real Estate investing track record?Andrew Savikasandrew@yieldtalk.comMy own journey through crowdfunding, especially real estateRelated posts:https://yieldtalk.com/my-crowdfunding-portfolio/https://yieldtalk.com/baby-steps-getting-started-with-crowdfunded-real-estate/https://yieldtalk.com/why-you-should-care-about-real-estate-as-an-investor-even-if-you-dont-care-about-real-estate-investing/Importance of new crowdfunding choices in helping fuel entrepreneurism (and overall economic growth), especially serving traditionally underserved categories (eg non-males and non-tech companies outside of Silicon Valley, NYC, and Boston)Related posts:https://yieldtalk.com/crowdfunded-investing-democratizes-capitalism/https://yieldtalk.com/can-crowdfunding-help-close-300b-funding-gender-gap/Importance of understanding “convex” vs. “concave” risk, and the implications for risk/reward profile of your portfolioRelated posts:https://yieldtalk.com/diversification-crowdfunding-investments/https://yieldtalk.com/know-your-alternative-investing-style-zebra-or-lion/The surprising number of choices out there for non-accredited investorsRelated posts:https://yieldtalk.com/24-ways-crowdfunding-for-non-accredited-investors/https://yieldtalk.com/5-best-equity-crowdfunding-sites-beginning-investors/You should also ask me about the time I had to pick between the Google IPO and a new couch (I picked wrong!)criteria in your site, insights from looking at all though sites, and your recommendation for people to invest in rentals, crowd funding, or direct syndication.2) Something that you have recently or thought about “burning your cash” on for time savings or an improvement in quality of life.[Andrew] After leaving my last job (CEO of an ed-tech company for 5 years) right after my second child was born, deliberately moved to a lower-cost-of-living place and dialed down work commitments to have more time with my kids while they’re young. Definitely worth it! But I’ll never forget the night I was putting my son to sleep soon after my daughter was born and contemplating the return to a very demanding job that was only going to get more so, and imagining myself 5 years in the future wishing I could trade the money I’d made for more time with the kids while they were growing up.3) Something that you changed your mind on? Our ego often gets in the way of greatness.[Andrew] Having kids definitely changed my perspective about the opportunity cost of my career trajectory. Has helped me see the benefits of a more balanced portfolio approach compared with driving 1000% down one path.Also, what it means to have a “balanced” or “diversified” portfolio. Was profoundly influenced by Nassim Taleb’s “Anti-fragile” and the concepts of convex and concave risk (and the notion of a “barbell” portfolio).4) Anything we missed and contact info if you would like anyone to get a hold of you. URL?[Andrew] I’m a voracious reader, and as a side project I started posting lengthy reviews of books that have shaped my thinking about leadership, strategy, business, and more. I’m also super into meditation and mindfulness, and have written about 10 books that helped me apply mindfulness to my life in general, and doing better work in particular.And speaking of books, 13 years ago I wrote a book about Microsoft Word of all things. Hosted on Acast. See acast.com/privacy for more information.

YouTube Link: https://youtu.be/v0fB-e3579EText “simple” to 314-665-1767 to download the Hui Google Drive files and the 2018 Rental Property AnalyzerPlease 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: Currently have 5 rentals and 80k of income and trying to paying off rentals because near retirementAlso flips properties where the goal is 20k profitHe outsources much of the workGot rentals in 2011 and regret not doing it earlierGot hammered in 2008Got out of the market in 2000Interest rates are very low which is different that past times which means a good time to lock in loans, stocks are pretty highReal estate is not for everyone and might have a wrong skill setIf you don't want to do the work be a hard money flipper but only make 10% (you need to have the money)Don't lend to someone doing their first flipNeed to hire a virtual assistant - 5 properties can manage by selfLet go of politicsMarriage advice Begin with the end in mind - He already knows his legacy and just lives itTeaching kids financial principals - mindsets and habitsTo teach a 12-year-old - give them moneyTo teach a 30-year-old - they need to want to fix the money problemLetting go to be happyrichersoul.com Hosted on Acast. See acast.com/privacy for more information.

YouTube Link: https://youtu.be/25UY_v17bt4Text “simple” to 314-665-1767 to download the Hui Google Drive files and the 2018 Rental Property AnalyzerPlease 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: Mark Allen is a brokerStarted in 2009 and went to Westpoint AcademyGot a $35k loan to get started in FLStarted with subject to or assuming the loan method of acquisition2015-2016 sold initial properties and started flipping properties while working the day joblead to MFHSaved the money from flips and day job to go into MFHYou can find Mark at SVN and check out his podcastROI on time is more for Commercial than residentialProvide value by driving properties, pictures, transaction beatYadi matrix, co-star offer owner dataFace to face is better than email or phoneBring 80-year-old sellers flowersonce or every two months a touch point with some valueAs an investor go right to the broker and all of themCCIM is a higher level designation (but that's your job as an investor to know what a deal is)Loopnet/correct C is a good way to find active brokers who are perhaps hungrySVN, Marcus, Colliers, JLL, CBRE are popular brokersCall brokers and introduce yourself Share pitch deck with broker and share team so you show that you are credible Hosted on Acast. See acast.com/privacy for more information.

YouTube Link: https://youtu.be/MAvb05-xROYText “simple” to 314-665-1767 to get access to the Hui Google Drive files and the 2018 Rental Property AnalyzerPlease 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: Gets a piece of the action by leveraging your time, knowledge, and connections.Download a free chapter in the Hui FilesGet a heloc, keep your income in the heloc and pay down your home mortgagePeople depend on traditional sourcesDon't quit your job until you have the next thing goingDolphin culture - help people without any returnJordan Goodman has spent the past 40 years focused on one mission: to help Americans do better with their money. In a career spanning newspapers, magazines, books, radio, television, live events, teleseminars, and the Internet (www.moneyanswers.com), he has helped millions of people to solve their financial problems and realize their financial dreams. An honors graduate of Amherst College, Jordan had just received his masters degree from the Columbia University School of Journalism in 1977 when he launched an award-winning, consumer-oriented newspaper insert, INFO, which reached 4 million readers every week. That early foray into consumer journalism soon led to an 18-year stint at MONEY, the foremost personal-finance magazine in the U.S., where Jordan reported and wrote on every aspect of personal finance. During his tenure at MONEY, he also became a regular presence on radio and television programs around the country. When Jane Pauley and Bryant Gumbel of the "Today Show" wanted to refute some of the more dubious strategies of financial guru Charles Givens in 1986, it was Jordan they asked to face down Givens. When Ted Koppel needed a financial expert to explain to "Nightline" viewers the implications of the stock-market crash of October 19, 1987, it was Jordan to whom he turned. While at MONEY, Jordan also began to write the first of his 14 highly acclaimed books on personal finance. The Barron's Dictionary of Finance and Investment Terms (1984), which Jordan co-authored with John Downes, has been translated into Spanish, German, Russian, Japanese, and Chinese, and has sold over 3 million copies worldwide. Now in its ninth edition, it is considered a classic in its field and a staple on the syllabi of college personal-finance and business courses, MBA classes, and securities training seminars. In the 33 years since the dictionary was first released, Jordan has also written:• Barron's Finance and Investment Handbook (1986, co-authored with Downes) that provides a comprehensive analysis of every form of investment, plus a multitude of important investment resources. (The ninth edition came out in 2014.) • Everyone's Money Book (Dearborn, 1993, 1998 and 2001) a 970-page comprehensive financial reference that included over 6,000 resources and sold over 250,000 copies.• The Everyone's Money Book Series (Dearborn, 2003) (including six separate volumes on Credit; Stocks, Bonds, and Mutual Funds; Real Estate; College Financing; Retirement Planning; and Financial Planning)• Reading Between the Lies: How to Avoid Becoming a Victim of Wall Street's Next Scandal (Dearborn, 2004) aimed to educate consumers shaken by Enron-era debacles.• Master Your Money Type (Warner Business Books, 2006) about the different psychological styles with which people relate to their finances, and how to minimize their weaknesses and maximize their strengths to build financial well-being.• Fast Profits in Hard Times (Grand Central Publishing, 2008) that anticipated the current financial downturn and provides readers with investment strategies that allow them to make money even in a down market.• Master Your Debt (John Wiley, 2010) which explains the many changes in the world of debt and offers specific resources to help readers pay off their mortgages in 5-7 years instead of 30 years, get control of their credit card debt, student loans and all other kinds of debt. • The Ultimate Guide to Student Loans (CreateSpace, 2014) which explains how to save and invest before a child goes to college, how to get the best student loans when they get to college, and how to pay them off as quickly as possible after graduation. It's been 20 years since Jordan, in such demand as a keynote speaker, author, and guest expert on radio and television, left MONEY to focus on independent projects. He is the host of the weekly national Money Answers Radio Show which appears on the online VoiceAmerica Business Radio Network at www.voiceamerica.com. Once or more each week, he appears as a commentator on major TV news networks such as CNN, CBS, ABC, Fox News Network and Fox Business Network. During frequent trips around the country, he is a guest on local and regional radio and TV stations as well as a keynote speaker for such diverse audiences as the military, corporate employees, college students, and trade association members. He also participates in non-profit personal-finance-literacy programs such as those sponsored by the Jump$tart Coalition. And virtually every day, often several times a day, from a microphone on the desk in his home office, he speaks to millions of listeners through his regular guest appearances on countless radio shows. These include such prominent programs as "Sunday Morning Magazine" on KMOX that reaches numerous Midwestern states; KOA’s Money Monday hour with Mandy Connell in Denver, WCCO in Minneapolis with Jordana Green, WGN in Chicago with Steve Cochran. Along the way, Jordan also has reached vast national audiences as a weekly commentator on CNN's "Business Day" for 3 years; on Public Radio International's "Marketplace Morning Report" weekly for 6 years; on the Mutual Broadcasting System's "America in the Morning" daily for 8 years; and as a guest expert on NBC-TV's "News at Sunrise" weekly for 9 years. The son of a father who was a political-science professor for 32 years at the Ivy League's Brown University, and a mother who was a dedicated community-service leader in Providence, Rhode Island, Jordan early on melded his father's focus on world events with his mother's emphasis on serving others. His parents' formative influences, combined with his firsthand experience of a traumatic family financial crisis when he was a teenager, in large measure explain both the career path he has pursued with such passion and the reasons why he is today widely known as "America's Money Answers Man." In all he does -- in his books, his media appearances, his live speeches, his teleseminars, and even in the hundreds of email replies he crafts each month in response to listeners who write to ask for his advice, Jordan: • teaches the underlying principles of responsible personal finance.• makes clear the impact of current events on the consumer's wallet.• provides outstanding resources that can help the consumer to take the next smart step. Hosted on Acast. See acast.com/privacy for more information.

YouTube Link: https://youtu.be/Z0SM21dLsCcText “simple” to 314-665-1767 to get access to the Hui Google Drive files and the 2018 Rental Property AnalyzerPlease 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: Doing one house gets you started to gain momentumHan solo moment was went when into MFHAt first wife was nervous in the beginning but with success came on boardMoved to MFH when had 5 units and 2k in cashflowSFH is the way to go to learn to rent and pick out a property manager but its a personal questionWorse moment was seeing 2008A pain point that forces people to make a changeWorking up to expenses plus 20kDo a little bit each daySet goes every year - 40-50 goals - review once a weekPersonal BackgroundGrew up in Oxford, MichiganGraduated from General Motors Institute/Kettering University in Flint, Michigan in 2000 with a Bachelor’s in Mechanical EngineeringMarried to wife, Lindsay and have 3 kids togetherStarted engineering career in 2000 and progressively moved up in position and responsibility to an engineering manager Currently a program manager for automotive supplier BremboReal Estate ProjectsPurchased primary residence in White Lake in 2008 as a foreclosure and rented out old primary residence in Madison Heights – “accidental landlord”First intentional rental was a 3 bed 2 bath house in Waterford in 2011, added 3 more in Waterford from 2012-2014Bought 12 apartment units in Monroe, Michigan in 2015Bought 12 more apartment units in Monroe, Michigan in May 2016In due diligence on a 63 unit apartment building in Lansing, MichiganGoal is to retire my day job 2 years from now. From there, options I am looking into are real estate syndication and home inspectingSuccess HabitsKeep a quarterly finance sheet to keep track of Net Worth, Assets, Liabilities, Income, & ExpensesList out yearly goals for family, finance, health, learning and track each weekMake sure to do things daily to get closer to goalsDave Ramsey Lifestyles UnlimitedREIs for networkingChecklistsBooksMillionaire Real Estate Investor – Gary KellerRich Dad Poor Dad – Robert KiyosakiThe Complete Guide to Buying and Selling Apartments – Steve Berges48 Days to the Work You Love – Dan MillerWhat Color is Your Parachute - Richard Bolles The Slightest Edge - Jeff OlsonCompound Effect - Darren HardyQuotes“Leverage is key to wealth” – In regards to money, time, knowledge“Money is on the other side of fear”“Most people overestimate what can be done in the short term and underestimate what can be done in the long term”“If you give a house a cookie…”"What gets measured gets done"“Spectacular achievement is always preceded by spectacular preparation”“Those who say it can’t be done should get out of the way of those doing it”“Go as far as you can see, once you get there, you will see farther”“Play the game of money to win, don’t play not to lose”“Don’t quit when you are tired, quit when you are done”“Make sure your ladder to success is on the correct wall”Contact InfoEmail: bradtacia@gmail.comFacebook & Linked In – Brad TaciaFacebook Page - Apartment Investors of Michigan Hosted on Acast. See acast.com/privacy for more information.

Please help the show by leaving a review: http://getpodcast.reviews/id/1118795347Download the FREE 2018 Rental Property Analyzer for free: https://simplepassivecashflow.activehosted.com/f/14Pardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math! Here are the Show Notes: I started to a hobby to make Mead or fermented honey wine. It’s pretty healthy because of the good bacteria cultures. I started it because I needed to diversify from my Kombucha hobby because moving to Hawaii I was worried that there was going to be a fruit fly infestation that would wipe me out. Got to be diversified with multiple streams of income!Notebuyerbootcamp.com – Coupon Code “simplepassive”It’s been a busy month after wrapping up the closing on these two latest deals. If you are interested in the deal flow, make sure you are a part of our Hui Deal Pipeline Club.I recently met George Ross who came to speak to my Syndication Mastermind for a private dinner. If you have need the movie “The Founder” you know the lawyer had a very big impact to Ray Kroch.  George was the legal counsel to Donald Trump during his rise and “retired” once he hard Trump was running for presidency. George He held court to the remaining 15 of us for 3 hours after dinner until midnight telling stories for the past. Very insightful to know that this man shaped the Trumps business sense.He is known as a master negotiator and he gave us the following relationship advice:“In marriage, I tell my wife that I make all the Major decisions and she can have the Minor decisions… In all my years of marriage, we have not had one Major decision come up.”The recently launched YouTube Channel just clocked in at 17,577 minutes or 293 hours or 36 working days. So there much be one person watching my content around the clock which on the clock.  I need a little bit of a break and took the time to reflect back on how far I have come from 2009 and buying that first rental property. By the way remember to incorporate “play” into your day.The first twenty tips came from myself but after sharing the list and finding the other ex-cheapskates out there we have been slowly syndicating more and more bad ideas. Note: they are not in any particular order.Our parents will be so proud of us!If you want to add more, please email me and I will keep growing the list. And if you like I can add you initials at the end to cement your legacy.If you call me collect, I will not pick up!Money saving ideas for the shameless...Stack Mr. Rebates shopping portal and Groupon discount codes with gift cards purchased from eBay or Safeway with more gift cards and Mr Rebates shopping portal. To sign up go here: http://www.mrrebates.com?refid=413597Take a shower at work to save on utilities, water, and electricity – as a side benefit you go to the gym more often (do your 3S’s there, shit, shower, shave)If you work in a startup company that caters food, it’s a no brainer--- eat at work and bring food home. Maybe you can even befriend someone that works there and join them for lunch from time to time. For extra credit consider a life of “intermittent fasting” and totally binge at these free meals.Wash your car in the rain. No mineral deposits left while it dries. Video of me demonstrating this: https://youtu.be/kZkYnkXOI7QCostco leasing to own programBuy an Anker powerbank and charge it at work.Always take a pee before leaving for the day.Try to poop at the same time every day while at work… get paid to poop. Time is money and flushes cost 10 cents.There are soft drinks available at restaurants?Why are you eating at a sit down restaurant, you have to pay tip?If you must, order food to go and eat on the premises. Best of both worlds!Wear clothes with the tag on it and return it.Buy a snorkel from Costco to go to Hanama bay while visiting Hawaii to return it. Another Hui member caucions that on many electronics there is a 90 day return policy.Use an app like GasBuddy to find the cheapest gasoline station, better yet, double stack your Costco credit card (4% cash back on gasoline) and buy Costco gas.Cash flow, cash flow, cash flow. Also, see uncle Kohlers team for tax optimization (easily the single largest expense in your life) http://keystonecpa.com/~keystone/images/5_Cash_Flow_Strategies_for_RE_Investors_eBook.pdf This one is a bit morbid, but an important one. Set up a revocable living trust with your lawyer to avoid probate expenses following the death of your family members\Susie Orman’s advice - make coffee at home and save yourself the $5 Starbucks Vente frappucinoFAST (intermittently, not forever)! Skip breakfast daily (work yourself up gradually) and when you’re ready to get to the big leagues, attempt to fast for an entire day (no breakfast, lunch or dinner)Solar panels (maybe?)Free (coffee) money, this one’s really easy ($25/quarter or $100/yr) w/ BofA and Amazon http://www.magnifymoney.com/blog/consumer-watchdog/better-balance-rewards-cardMaximize and optimize what you’ve got BankPurely has a 1.30% APY since April (not sure if promo rate?) but most banks have 1.0+% (which is 10x the 0.1% APY rate given by most conventional brick and mortar banks like BofA, Chase, WellsFargo)https://www.depositaccounts.com/savings/Become an Uber driver or deliver post maters? (not a big fan)If you have a spare room not in use, AirBnB it from time to timeCheck out EventBrite or other social event platforms for free lunch/dinner/drinksInvestinAHP.com        or email me for a few Burnzone book with your mailing addressBuy Mod Pizza’s mega salad for $11.27. Dinner for days!Paid online surveys (not a good use of time)Coupons (think http://www.freestufffinder.com/)Use www.bensbargains.com or slickdeals.net before buying anything onlineUse Honey or Ebates or other discount portals for Amazon/eBay or other internet purchases to save a few %Certain credit cards provide 5x bonuses (Chase Freedom has rotating categories) and Chase Business cards are good for auto-pay things like internet with extra bonus categoriesMake a Ghetto Latte at Starbucks and other funGrowing up in Hawaii where a gallon of milk is $8, I was taught to save money in strange ways. (I don’t drink milk)Some of those were pretty bad which develop into unhealthy money mindsets.Some downright unethical but hey if you are a cheapskate, own it!I don’t condone any of these tactics but look, it is no coincidence why you folks continuously have so much money to invest and pay your bills on time unlike 4 out 5 of my Birmingham rentals every month.Join the Hui Deal Pipeline Club! Hosted on Acast. See acast.com/privacy for more information.

YouTube Link: https://youtu.be/dSNwXUhxpLEPlease help the show by leaving a review: http://getpodcast.reviews/id/1118795347Download the FREE 2018 Rental Property Analyzer for free: https://simplepassivecashflow.activehosted.com/f/14Pardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math! Here are the Show Notes: $480k horizontal incomePodcast is not simple passive cashflowUsed commissions to invest into real estateStarted out trading tome for money, working 40 hours a week, and was left with a $100 every weekSold timeshare presentationsDanny got 3-4 of these a day and was the leader at the time and Pat beat himWent to college and went to real estate sales where he is making commissionsDiscovered horizontal lines - bought SFHs and moved to apartments and other buildings/businessesLost 2/3 of initial investment LTI - After you pay your bills - currently $200K a yearMoving around current investments18% lawyer loan, some private equity notes, apartment building syndicationCrossed over at age 46 to financial freedom numberWorks 3 days a week (Tuesday-Thursday)Chose to not work as much in 40sLook where the poor creative lives because that is where the transitioning area isRobert Kiyosaki says don't buy where there are craneAlchemist talks about the beginner's luck - Pat started investing in non-real estate investments in 2008 - 50-100K here and there and 50% of them failedRip and duplicate things that are workingReal estate rockstar podcast! Hosted on Acast. See acast.com/privacy for more information.