

The Wealth Without Wall Street Podcast
By Russ Morgan & Joey Muré
Your go-to podcast for uncovering the dirty secrets behind Wall Street and how to take back control of your wealth. The Wall Street mindset separates both families & business owners from their money while the elite and unknown get to use it for their advantage. The secret to achieving this is having your money work for you, not someone else, when wealth building. You can get there through earning passive income. When you have more passive income than you do expenses, you have achieved financial freedom. On this podcast, we work tirelessly toward your financial freedom. We cover topics like the Infinite Banking Concept, multifamily real estate, private lending and a multitude of other cutting edge ideas. We host industry specific reputable guests and share personal stories to educate you on how to finally achieve financial freedom. For more education on how, check out wealthwithoutwallstreet.com
Episodes
Mentioned books

Nov 28, 2019 • 41min
Failing Forward to Financial Freedom w/ Mitch Stephen
#113: What This Episode Is AboutA lot of times the path to financial freedom isn’t straightforward or without failure. So what do we do when we run into those barriers? How can we overcome challenges in our lives and build successful businesses and investments?Mitch Stephen joins us this week to share his experiences from his latest book which he titled “MY LIFE & 1,000 HOUSES: Failing Forward to Financial Freedom.” Mitch has been a self-employed RE investor for over 20 years and he began learning real estate at only 23 after reading Robert Allen’s book “Nothing Down”. He has been buying and selling a home or property every 4 days for over 10 years. He explains how he perfected a method of achieving cash-flow without having to be a landlord and creating a business where others do the majority of the work for you, rather than having to invest all of your time managing every detail. Mitch discusses the importance of working through ups and downs along our path to financial success. He also explains that financial freedom is only the first step in a line of creating successful businesses and, while money is a phenomenal thing to have when you get started, it isn’t the only end goal we should be pursuing.This episode is a must for anyone experiencing failure or challenges on their path to financial freedom!Mentioned In This Episode:How to find the right people to help you build a successful firm in real estate without having to be a full time landlord.How failures often teach us vital lessons on how to improve and why Mitch’s own failures led to his success today.How to find what works best for you when investing in RE and understanding that there is no one size fits all approach when it comes to starting a firm.And much more! Disclaimer: The opinions expressed on this podcast are solely those of the hosts and guests and do not constitute financial advice. Always consult a licensed professional for financial decisions.This episode is sponsored by a podcast show partner. We may receive compensation if you use links or services mentioned in this episode.The hosts may have a financial interest in the programs or services mentioned in this episode.Learn more about Mitch Stephen’s business, books, podcasts and more on his website: https://1000houses.com/💸 Build a Passive Income Machine in 3 Steps:Here’s how to flip the script and start building wealth the way the wealthy do 👇👀 Step 1 – Watch the Free 40-Minute Masterclass on the Infinite Banking Concept👉 wealthwithoutwallstreet.com/free-ibc-webinar📞 Step 2 – Book a Free Call with Our Team (We Do This All Day, Every Day)👉 wealthwithoutwallstreet.com/accelerate📈 Step 3 – Start Building Passive IncomeJoin the Passive Income Lab👉 ChoosePassiveIncome.comMore Ways to Learn & Grow Wealth (For Free)💾 Download the Passive Income Operating System👉 wealthwithoutwallstreet.com/piosebook👥 Join 10,000+ Investors Inside Our Free Community👉 wealthwithoutwallstreet.com/communityPaying $250K+ in Taxes? Stop the Bleed.😡 Apply for Our Next Tax Strategy Intensive👉 wealthwithoutwallstreet.com/taxGrab Our Book: Wealth Without Wall Street: 3 Steps to Freedom Through Passive Income📘 wealthwithoutwallstreet.com/newbookStay Connected:📸 Instagram: @wealthwithoutwallst—

Nov 21, 2019 • 40min
The Path From Zero to 150 Flips in Two Years w/ Steven Pesavento
#112: What This Episode is AboutWe've talked before on the show how profitable house flipping can be, but what if you want to try flipping properties remotely in states that you don't live in? Is that even something you can get into, and if so, where would you look to start?Joey and Russ sit down to talk with Steven Pesavento about building a remote real estate business where he flipped 150 houses in states he didn't even live in. He created this business in just two years! Steven now flips over 75 homes a year and works hard to explain how he achieved his success with others. In this episode, he shares several of his secrets for success, including how he keeps his real estate business full of profitable deals, how he follows up with qualified leads around the country while working from Denver, and, most importantly, the strategies he used to get good at closing deals while working for someone else!Steven also discusses the importance of good entrepreneurship and how we have to invest in ourselves in order to find the success we crave. Growth isn't something people achieve overnight and Steven shares his tips on when to push through a difficult moment in your business and when to become more frugal with your spending.This is a phenomenal episode packed with great information that you don't want to miss! So click the link below to listen now!Mentioned in this episode:How to Steven grew his real estate investments from zero deals to 150 within two years.How to push through barriers we face and what we can do to maximize our growth.How to know when it’s time to ramp up your business / team and when it's time to be more frugal.And much more!Disclaimer: The opinions expressed on this podcast are solely those of the hosts and guests and do not constitute financial advice. Always consult a licensed professional for financial decisions.This episode is sponsored by a podcast show partner. We may receive compensation if you use links or services mentioned in this episode.The hosts may have a financial interest in the programs or services mentioned in this episode.For more information on Steven and his business, visit his website: https://stevenpesavento.com/. Also be sure to check out his podcast at www.TheInvestorMindset.com and www.InvestorMindsetSummit.com💸 Build a Passive Income Machine in 3 Steps:Here’s how to flip the script and start building wealth the way the wealthy do 👇👀 Step 1 – Watch the Free 40-Minute Masterclass on the Infinite Banking Concept👉 wealthwithoutwallstreet.com/free-ibc-webinar📞 Step 2 – Book a Free Call with Our Team (We Do This All Day, Every Day)👉 wealthwithoutwallstreet.com/accelerate📈 Step 3 – Start Building Passive IncomeJoin the Passive Income Lab👉 ChoosePassiveIncome.comMore Ways to Learn & Grow Wealth (For Free)💾 Download the Passive Income Operating System👉 wealthwithoutwallstreet.com/piosebook👥 Join 10,000+ Investors Inside Our Free Community👉 wealthwithoutwallstreet.com/communityPaying $250K+ in Taxes? Stop the Bleed.😡 Apply for Our Next Tax Strategy Intensive👉 wealthwithoutwallstreet.com/taxGrab Our Book: Wealth Without Wall Street: 3 Steps to Freedom Through Passive Income📘 wealthwithoutwallstreet.com/newbookStay Connected:📸 Instagram: @wealthwithoutwallst—

Nov 7, 2019 • 44min
Unlocking My Mind and My Home Equity w/ Garrick McCarty
#110: What This Episode is AboutWe all have habits that dictate how we approach different scenarios in life. Financial biases are no exception.Our guest today, Garrick McCarty tells about how he struggled to understand why others were using cash value life insurance to store their cash until he was turned down for a home equity line of credit. His plan had been to pay off his house as quickly as possible, but he learned that when he needed his cash back, he no longer was in control.This is when he began to research the merits of the Infinite Banking Concept. He explains his journey of educating himself on IBC and how he had to retrain his way of thinking so he could enjoy having his money working for him. As a long time listener and friend of the Wealth Without Wall Street family, he discusses his experiences becoming familiar with our Community and IBC. This is an episode you definitely don’t want to miss!Mentioned in this episode:Why Educating Yourself in Infinite Banking can be a Game Changer for your Finances.How We can Become Stuck in our Biases of What We Know.How to Reteach Ourselves New Ways of Financial Thinking.And So Much More!Disclaimer: The opinions expressed on this podcast are solely those of the hosts and guests and do not constitute financial advice. Always consult a licensed professional for financial decisions.This episode is sponsored by a podcast show partner. We may receive compensation if you use links or services mentioned in this episode.The hosts may have a financial interest in the programs or services mentioned in this episode. Follow Garrick on Twitter to stay up to date on his experiences with IBC, https://twitter.com/garrickmccarty💸 Build a Passive Income Machine in 3 Steps:Here’s how to flip the script and start building wealth the way the wealthy do 👇👀 Step 1 – Watch the Free 40-Minute Masterclass on the Infinite Banking Concept👉 wealthwithoutwallstreet.com/free-ibc-webinar📞 Step 2 – Book a Free Call with Our Team (We Do This All Day, Every Day)👉 wealthwithoutwallstreet.com/accelerate📈 Step 3 – Start Building Passive IncomeJoin the Passive Income Lab👉 ChoosePassiveIncome.comMore Ways to Learn & Grow Wealth (For Free)💾 Download the Passive Income Operating System👉 wealthwithoutwallstreet.com/piosebook👥 Join 10,000+ Investors Inside Our Free Community👉 wealthwithoutwallstreet.com/communityPaying $250K+ in Taxes? Stop the Bleed.😡 Apply for Our Next Tax Strategy Intensive👉 wealthwithoutwallstreet.com/taxGrab Our Book: Wealth Without Wall Street: 3 Steps to Freedom Through Passive Income📘 wealthwithoutwallstreet.com/newbookStay Connected:📸 Instagram: @wealthwithoutwallst—

Oct 31, 2019 • 42min
How to Create an Automatic Real Estate Business w/ Dustin Heiner
#109: What This Episode is AboutInvesting in Real Estate and Financial Freedom seem to go hand in hand with one another. We often talk about just how important Real Estate is to creating passive income and many guests on our show reiterate that point.However, what steps can we be taking to create an automated business that will allow us to generate that income?How do we mitigate the risk of taking that first step into the market?Is this something anyone can really do, even without a background in Real Estate?Dustin Heiner discovered his passion for investing in rental properties after he was fired from his job. He explains that passive income does not happen quickly, nor is it a get rich quick scheme. It takes time and knowledge to build a profitable passive income business. Dustin is the author of several best selling books including Successfully Unemployed: 16 Real Life Lessons You Must Learn Before You Quit Your Job and Live the Life of Your Dreams. Mentioned in this episode:Why You Should Learn How to Invest in Real EstateHow You Can Build a Real Estate Business that Operates AutonomouslyWhere to Find Investment Property Deals Through WebsitesAnd So Much More!Disclaimer: The opinions expressed on this podcast are solely those of the hosts and guests and do not constitute financial advice. Always consult a licensed professional for financial decisions.This episode is sponsored by a podcast show partner. We may receive compensation if you use links or services mentioned in this episode.The hosts may have a financial interest in the programs or services mentioned in this episode. 💸 Build a Passive Income Machine in 3 Steps:Here’s how to flip the script and start building wealth the way the wealthy do 👇👀 Step 1 – Watch the Free 40-Minute Masterclass on the Infinite Banking Concept👉 wealthwithoutwallstreet.com/free-ibc-webinar📞 Step 2 – Book a Free Call with Our Team (We Do This All Day, Every Day)👉 wealthwithoutwallstreet.com/accelerate📈 Step 3 – Start Building Passive IncomeJoin the Passive Income Lab👉 ChoosePassiveIncome.comMore Ways to Learn & Grow Wealth (For Free)💾 Download the Passive Income Operating System👉 wealthwithoutwallstreet.com/piosebook👥 Join 10,000+ Investors Inside Our Free Community👉 wealthwithoutwallstreet.com/communityPaying $250K+ in Taxes? Stop the Bleed.😡 Apply for Our Next Tax Strategy Intensive👉 wealthwithoutwallstreet.com/taxGrab Our Book: Wealth Without Wall Street: 3 Steps to Freedom Through Passive Income📘 wealthwithoutwallstreet.com/newbookStay Connected:📸 Instagram: @wealthwithoutwallst—

Oct 24, 2019 • 34min
How to Become A W2 Entrepreneur w/ Nichole Stohler
#108: What This Episode Is AboutHow do individuals like you and me get ahead financially? How do we build passive income that works for us in more ways than a traditional 401k or W2? Should we even care about a “Plan B” if we love our current job?On this week’s episode of The Wealth Without Wall Street Podcast, Nichole Stohler explains how she and her husband built a real estate investment business as a “Plan B” for their income. Nichole has been in technology sales for 22 years and loves how fast-paced, dynamic, and diverse the industry can be. However, despite the love for her job, she believes we all need a way to create more financial security.Her “Plan B” included building an 8-figure real estate portfolio of rental properties and commercial property investments including multi-family, single-family, and hotel properties. She shows that her properties currently generate four times the annual return of her company’s 401K during the same time-frame. She has dubbed herself a W2 entrepreneur and discusses how anyone can find financial security. Mentioned in this episode:How to create your financial “Plan B” and earn income that works for you.Where to begin researching different forms of passive income, particularly real estate investments.Why we need a “Plan B” for our finances, even if our current job is enjoyable and pays well. Disclaimer: The opinions expressed on this podcast are solely those of the hosts and guests and do not constitute financial advice. Always consult a licensed professional for financial decisions.This episode is sponsored by a podcast show partner. We may receive compensation if you use links or services mentioned in this episode.The hosts may have a financial interest in the programs or services mentioned in this episode. Go to https://www.therichergeek.com/ to learn more about Nichole and her husband’s journey as W2 entrepreneurs and to hear their podcast, The Richer Geek.💸 Build a Passive Income Machine in 3 Steps:Here’s how to flip the script and start building wealth the way the wealthy do 👇👀 Step 1 – Watch the Free 40-Minute Masterclass on the Infinite Banking Concept👉 wealthwithoutwallstreet.com/free-ibc-webinar📞 Step 2 – Book a Free Call with Our Team (We Do This All Day, Every Day)👉 wealthwithoutwallstreet.com/accelerate📈 Step 3 – Start Building Passive IncomeJoin the Passive Income Lab👉 ChoosePassiveIncome.comMore Ways to Learn & Grow Wealth (For Free)💾 Download the Passive Income Operating System👉 wealthwithoutwallstreet.com/piosebook👥 Join 10,000+ Investors Inside Our Free Community👉 wealthwithoutwallstreet.com/communityPaying $250K+ in Taxes? Stop the Bleed.😡 Apply for Our Next Tax Strategy Intensive👉 wealthwithoutwallstreet.com/taxGrab Our Book: Wealth Without Wall Street: 3 Steps to Freedom Through Passive Income📘 wealthwithoutwallstreet.com/newbookStay Connected:📸 Instagram: @wealthwithoutwallst—

Oct 17, 2019 • 51min
How I Learned to Wholesale 100 Homes a Month w/ Jamil Damji
#107: What This Episode Is AboutWe’ve all heard self proclaimed gurus talk about how making big money in real estate through flipping properties or wholesale. Yet, how do we begin that journey without getting in way over our heads and suffering a big loss?Jamil Damji started in real estate shortly after moving from Los Angeles. He fell into wholesaling almost by accident, but went forward with deals due to his knowledge in construction.In 2009 he lost everything, but decided to reconnect with his family and make the best of what he had left. He dusted himself off and got back into wholesaling, eventually meeting a group of individuals that would allow him to create a company with over 40 employees that averages over 70 wholesale deals a month.Jamil’s daily passion now is to inspire others to follow their skills and abilities to the best of their ability.You don’t want to miss this important episode!Mentioned in this episode:Why wholesaling is an optimal strategy for creating income.Where to begin researching wholesale real estate and how we can take our first steps into the market.How we can recover from a dramatic loss and learn from the mistakes of others.Disclaimer: The opinions expressed on this podcast are solely those of the hosts and guests and do not constitute financial advice. Always consult a licensed professional for financial decisions.This episode is sponsored by a podcast show partner. We may receive compensation if you use links or services mentioned in this episode.The hosts may have a financial interest in the programs or services mentioned in this episode.Go to www.keyglee.com to learn more about Jamil and his company that now averages over 70 properties a month.💸 Build a Passive Income Machine in 3 Steps:Here’s how to flip the script and start building wealth the way the wealthy do 👇👀 Step 1 – Watch the Free 40-Minute Masterclass on the Infinite Banking Concept👉 wealthwithoutwallstreet.com/free-ibc-webinar📞 Step 2 – Book a Free Call with Our Team (We Do This All Day, Every Day)👉 wealthwithoutwallstreet.com/accelerate📈 Step 3 – Start Building Passive IncomeJoin the Passive Income Lab👉 ChoosePassiveIncome.comMore Ways to Learn & Grow Wealth (For Free)💾 Download the Passive Income Operating System👉 wealthwithoutwallstreet.com/piosebook👥 Join 10,000+ Investors Inside Our Free Community👉 wealthwithoutwallstreet.com/communityPaying $250K+ in Taxes? Stop the Bleed.😡 Apply for Our Next Tax Strategy Intensive👉 wealthwithoutwallstreet.com/taxGrab Our Book: Wealth Without Wall Street: 3 Steps to Freedom Through Passive Income📘 wealthwithoutwallstreet.com/newbookStay Connected:📸 Instagram: @wealthwithoutwallst—

Oct 10, 2019 • 41min
When Can I Quit My Job? w/ Noah Boren
#106: What This Episode Is AboutWe’ve all had a time in our lives where we haven’t enjoyed working at our job. For some, it may be behind us, and we now find ourselves in a career we enjoy. For others, it might be a daily struggle just to get out bed in the morning.So should we consider quitting our job to pursue passive income? If we wanted to look into that, where should we start? Most importantly, WHEN should we look to quit our job?On this week’s episode of Wealth Without Wall Street, Noah Boren discusses his experience quitting his job as a postal worker to replace his income and find financial independence.Mentioned in this episode:When the optimal time is to leave a job we hate and how we can replace that income with different strategies.Where to begin when considering investments that allow us to quit our jobs.How land-flipping and IBC can form a perfect dual investment option that compliment each other automatically.Why we should live by the philosophy of Ready, Fire, Aim. Disclaimer: The opinions expressed on this podcast are solely those of the hosts and guests and do not constitute financial advice. Always consult a licensed professional for financial decisions.This episode is sponsored by a podcast show partner. We may receive compensation if you use links or services mentioned in this episode.The hosts may have a financial interest in the programs or services mentioned in this episode.Go to https://whencaniquitmyjobshow.com to hear more from Noah about his experiences replacing his income from his job.💸 Build a Passive Income Machine in 3 Steps:Here’s how to flip the script and start building wealth the way the wealthy do 👇👀 Step 1 – Watch the Free 40-Minute Masterclass on the Infinite Banking Concept👉 wealthwithoutwallstreet.com/free-ibc-webinar📞 Step 2 – Book a Free Call with Our Team (We Do This All Day, Every Day)👉 wealthwithoutwallstreet.com/accelerate📈 Step 3 – Start Building Passive IncomeJoin the Passive Income Lab👉 ChoosePassiveIncome.comMore Ways to Learn & Grow Wealth (For Free)💾 Download the Passive Income Operating System👉 wealthwithoutwallstreet.com/piosebook👥 Join 10,000+ Investors Inside Our Free Community👉 wealthwithoutwallstreet.com/communityPaying $250K+ in Taxes? Stop the Bleed.😡 Apply for Our Next Tax Strategy Intensive👉 wealthwithoutwallstreet.com/taxGrab Our Book: Wealth Without Wall Street: 3 Steps to Freedom Through Passive Income📘 wealthwithoutwallstreet.com/newbookStay Connected:📸 Instagram: @wealthwithoutwallst—

Oct 3, 2019 • 50min
What to Do When Healthcare Stops Paying w/ John King
#105: What This Episode Is AboutWe don’t like to think about unexpected health issues in our family. We often say that “we are too young or physically fit to be thinking about those things” and just push them to the back of our minds. Our health can be something we take too much for granted. So what do you do when an unexpected illness or accident occurs and your insurance says they will no longer be covering you or your loved one? What is the best way to leverage our capital to minimize the risk of being stuck with high bills for long-term care?How do we approach a topic like living wills when we often feel like we don’t need them?Where should we start looking and researching to find the best plans for us and our families?John King, Founder and Managing Partner of LTCi Plans, sits down with Joey and Russ to explain all this and more in this week’s episode of The Wealth Without Wall Street Podcast. Mentioned in this episode:Why individuals should start thinking about Long Term Care Insurance even if they are “young and healthy”What the best methods are to approach creating living wills and other forms of long term care.How to discuss this topic with elderly parents or relatives to ensure they have the best plan in place. Disclaimer: The opinions expressed on this podcast are solely those of the hosts and guests and do not constitute financial advice. Always consult a licensed professional for financial decisions.This episode is sponsored by a podcast show partner. We may receive compensation if you use links or services mentioned in this episode.The hosts may have a financial interest in the programs or services mentioned in this episode.Go to https://ltciplans.com/long-term-care-insurance/ to learn more about Long Term Care Insurance plans and to connect with John King.💸 Build a Passive Income Machine in 3 Steps:Here’s how to flip the script and start building wealth the way the wealthy do 👇👀 Step 1 – Watch the Free 40-Minute Masterclass on the Infinite Banking Concept👉 wealthwithoutwallstreet.com/free-ibc-webinar📞 Step 2 – Book a Free Call with Our Team (We Do This All Day, Every Day)👉 wealthwithoutwallstreet.com/accelerate📈 Step 3 – Start Building Passive IncomeJoin the Passive Income Lab👉 ChoosePassiveIncome.comMore Ways to Learn & Grow Wealth (For Free)💾 Download the Passive Income Operating System👉 wealthwithoutwallstreet.com/piosebook👥 Join 10,000+ Investors Inside Our Free Community👉 wealthwithoutwallstreet.com/communityPaying $250K+ in Taxes? Stop the Bleed.😡 Apply for Our Next Tax Strategy Intensive👉 wealthwithoutwallstreet.com/taxGrab Our Book: Wealth Without Wall Street: 3 Steps to Freedom Through Passive Income📘 wealthwithoutwallstreet.com/newbookStay Connected:📸 Instagram: @wealthwithoutwallst—

Sep 26, 2019 • 36min
Traylor Lovvorn On Emotional Resilience, Overcoming Addiction & Healing From Within
#104: What This Episode Is AboutAchieving success involves so many aspects that go beyond money.It’s also about relationships, mental health and identity.If we don’t get this right, it can submarine our finances and create total havoc in our lives.Many people today are struggling with these other aspects, dealing with addictions, hidden shame and inadequacy.Why are so many men and women struggling with pornography addiction?How do we address our emotions and deal with them at the root?On this special Podcast Movement episode, we talk to the Executive Director of Undone Redone, Traylor Lovvorn, who shares on his life journey of overcoming addiction, learning, growing and healing through a lot of pain. Mentioned In This Episode:How pornography is a big challenge for many people The importance of focusing on the present Why pain isn’t something we should avoid Disclaimer: The opinions expressed on this podcast are solely those of the hosts and guests and do not constitute financial advice. Always consult a licensed professional for financial decisions.This episode is sponsored by a podcast show partner. We may receive compensation if you use links or services mentioned in this episode.The hosts may have a financial interest in the programs or services mentioned in this episode.Go to https://undoneredone.com/ for more information and to listen to the podcast.*We use affiliate links and if you choose to buy things we might receive compensation from those companies💸 Build a Passive Income Machine in 3 Steps:Here’s how to flip the script and start building wealth the way the wealthy do 👇👀 Step 1 – Watch the Free 40-Minute Masterclass on the Infinite Banking Concept👉 wealthwithoutwallstreet.com/free-ibc-webinar📞 Step 2 – Book a Free Call with Our Team (We Do This All Day, Every Day)👉 wealthwithoutwallstreet.com/accelerate📈 Step 3 – Start Building Passive IncomeJoin the Passive Income Lab👉 ChoosePassiveIncome.comMore Ways to Learn & Grow Wealth (For Free)💾 Download the Passive Income Operating System👉 wealthwithoutwallstreet.com/piosebook👥 Join 10,000+ Investors Inside Our Free Community👉 wealthwithoutwallstreet.com/communityPaying $250K+ in Taxes? Stop the Bleed.😡 Apply for Our Next Tax Strategy Intensive👉 wealthwithoutwallstreet.com/taxGrab Our Book: Wealth Without Wall Street: 3 Steps to Freedom Through Passive Income📘 wealthwithoutwallstreet.com/newbookStay Connected:📸 Instagram: @wealthwithoutwallst—

Sep 21, 2019 • 41min
Real Estate & The 5 Centers of Profit w/Tal Simpson
#103: What This Episode Is AboutThere’s a reason why the wealthiest people in the world own real estate: it pays exceptionally well. What are some of the ways real estate can help us create wealth? What are profit centers and how do we lock into them? On this episode, real estate investor, Tal Simpson shares some of the surprising places we can earn a profit in real estate. Here’s what we covered in the full episode: Profit centers that real estate provides, will be good for people just starting out in real estate.Once Tal realized the money that could be made in real estate, he understands why the wealthiest people invest in real estate.Debt, taxes, inflation are the three main reasons Tal believes real estate is a great investment.5 ways real estate can pay you – he does real estate long term buy and hold.5 ways – Cash flow, appreciation, depreciation, amortization, inflation Cash Flow – what you have left over after expenses from rental income.Typical $100K home, operating exp (taxes, insurance, property management, vacancy, repairs) which is usually around 40%He usually puts down around 20%, 40% goes to debt repayment.40/40/20 Rule – making $200/month cash flow9.6% cash on cash return if you put down 25K. Asset Appreciation – Annual appreciation around 3.4% average3% appreciation on 100K investment, 3000 appreciation on top of the $25K downpayment an additional 12% returnYear one already at 21% return Depreciation – You can depreciate real estate, standard 3.6% of improvements$2909/year you can write off – paper loss at 35% tax rate, $1018 deduction (extra 4% ROI)New tax plan, you can now add bonus depreciation to rental homes with cost segregation study. This allows you to accelerate the depreciation of a rental home. Larger commercial buildings make a lot more sense to use this deduction. It is a little more difficult for single family residental homes. https://www.kbkg.com/costsegregation Great reference to learn about cost segregation.20% of the $80K – $5600 write off for year one Amortization – Pay down on the loan, only @ $98/month goes toward principle initially but grows over time. With the paydown you will get another 4.7% return on your money.1031 exchange – capital gains roll into another investment Inflation – 30 year fixed loan, monthly payment is the same over the course of the loan. 40% cost goes to the debt payment, 3% inflation each year.Year 1 – $4800/year ($400/month payment)Year 30 – with inflation the payment should be roughly $11,600/year for the same assetRent also rises with the inflation – payment for the loan stays the same. Inflation will help…..A lot of investors don’t care about the cash flow portion because of the inflation and tax benefits.Tal invests for cash flow reasons. Going into a recession, still buying property, the appreciation could work against you but you can ride this out over time. Disclaimer: The opinions expressed on this podcast are solely those of the hosts and guests and do not constitute financial advice. Always consult a licensed professional for financial decisions.This episode is sponsored by a podcast show partner. We may receive compensation if you use links or services mentioned in this episode.The hosts may have a financial interest in the programs or services mentioned in this episode.Join Our Community:If you want to engage with others like yourself who are breaking free from corporate America and Wall Street, this is the place. As a part of the community you will receive exclusive access to our podcast guests for live Q & A as well as weekly coaching on our 5 Pillars of Wealth Without Wall Street.Join us on the journey to financial freedom at community.wealthwithoutwallstreet.com Resources:To connect with Tal, head to https://connectedinvestors.com/member/tal-simpsonCheck out https://wealthability.com/show and www.kbkg.comSchedule a Call with UsDon’t run out of money webinar coming soon! *We use affiliate links and if you choose to buy things we might receive compensation from those companies


