The Do More Podcast

Words and thoughts hold significant power, shaping our inner dialogues and influencing our realities. In this episode, I talk about the significance of positive self-talk and its profound impact on our lives, particularly regarding real estate investing and entrepreneurship. I draw from personal experiences and observations, emphasizing how often we gravitate toward negative narratives and the need to consciously shift our focus to the positive aspects of our lives. I share insights on how even small changes in our mindset can lead to substantial improvements, both professionally and personally. Ultimately, I encourage you to be mindful of the language you use with yourself and others, as it directly correlates to the outcomes you experience.Takeaways: In this episode, I explore how our thoughts and words significantly impact our mindset, especially in real estate and entrepreneurship. I discuss the importance of focusing on positivity instead of negativity, which can greatly influence our overall outlook on life. The podcast emphasizes that self-talk matters; it shapes our actions and reactions in everyday situations as well as our business endeavors. I share personal experiences of overcoming fears through positive affirmations, illustrating how mindset shifts can lead to improved outcomes in our lives. I address societal perceptions about wealth and how negative beliefs can hold individuals back from achieving financial success and abundance. Lastly, I stress the importance of consuming positive content to foster a constructive mindset, as what we feed our minds eventually reflects in our actions. The Do More Podcast https://creativecommons.org/licenses/by-nd/4.0/

This episode is a comprehensive overview of the strategies I've employed, the lessons learned, and how I navigated challenges to reach my current position in the self-storage market.I share my journey of acquiring 14 self-storage facilities over the past decade, offering insights into my unique approach to real estate investing. Many people believe they must raise capital from outside sources to succeed in this field, but I emphasize that it's possible to leverage personal finances and bank loans effectively. My path began in 2014, motivated by the need for supplementary income after the birth of my daughter, and it gradually led me to explore various investment opportunities. Through careful financial planning, utilizing home equity, and strategic decision-making, I've been able to scale my investments significantly while maintaining ownership of my assets. Takeaways: The journey to acquiring 14 self-storage facilities began in 2014, focusing on strategic investments. I utilized a combination of personal savings, HELOC, and bank loans to finance my real estate ventures. By analyzing market trends, I noticed that while home values appreciated, rental prices often lagged behind. The importance of learning from each investment experience helped me streamline operations and enhance cash flow. The Do More Podcast https://creativecommons.org/licenses/by-nd/4.0/

Interest rates are all over the map. Investors are getting cold feet. I've been talking to a lot of people in the business. There's a sense of uncertainty hanging in the air. Deals are not getting done like they used to. It's mainly because people are waiting for the moment to make a move. The thing is, that moment might never come. I think investors need to be prepared to take a chance and make some decisions, even if things aren't exactly as they'd like them to be. Waiting around for everything to fall into place can mean missing out on some opportunities.In today's credit crunch, people are finding ways to finance their projects. One option that's becoming more popular is seller financing, where the seller acts as the bank and lends the buyer the money to purchase the property. This approach is gaining ground as an alternative to financing methods.I think it's crucial to find your niche in the real estate market. When you focus on an area, like self-storage or single-family rentals, you get a feel for what's going on in that market and how to run your investments efficiently. This approach doesn't just help you make decisions; it also makes you more resilient when the market takes a hit. I've seen many people let fear dictate their investment choices, which is why I believe in taking a proactive approach. Trying new things, exploring different strategies, and not being afraid to think outside the box. By doing you're more likely to stay ahead of the curve and find opportunities that others might miss.I want to stress how important it is to be learning and adapting when it comes to real estate investing. The market is always on the move, and people who stay on top of things and are willing to adjust can put themselves in a spot to take advantage of opportunities. I hope people will stay involved, look for ways to invest, and take on the challenges that come with each downturn or upswing. Because more often than not, it's the people who are willing to change and try new things who end up succeeding.Takeaways: In the current real estate market, it's crucial to stay informed yet not overwhelmed with information that doesn't directly impact your investment decisions. Interest rates are anticipated to decrease slightly, but it's essential to maintain focus on your investment strategies regardless of these fluctuations. Many investors are hesitant to act due to market uncertainty, which presents opportunities for those willing to take calculated risks. Creative financing options, such as seller financing, are becoming increasingly vital as traditional financing methods tighten in the current economic climate. Continuous rent adjustments and value-add strategies are necessary to ensure cash flow stability amid rising expenses and tighter budgets. Staying focused on your niche and refining your operations can lead to greater success in any market condition, especially during downturns. Links referenced in this episode:thedomorepodcast.comL4Investing.comThe Do More Podcast https://creativecommons.org/licenses/by-nd/4.0/

Chris Miles, an expert in financial freedom, joins us to discuss how to break free from the traditional financial system that often leaves people feeling trapped. Chris shares his journey from being a financial advisor to becoming an advocate for alternative investments and passive income strategies, emphasizing the importance of being "work optional." He highlights the common misconceptions surrounding 401(k)s and traditional saving methods, arguing that they may not be the best path to true financial independence. By focusing on creating cash flow and diversifying investments, Chris provides actionable insights for listeners looking to improve their financial situations. Join us as we explore innovative strategies to achieve financial freedom and how to avoid the pitfalls of conventional financial wisdom.Takeaways: Chris Miles emphasizes the importance of creating passive income that allows individuals to become work optional, shifting focus from mere saving to generating wealth. The traditional financial advice of saving through 401(k)s may not lead to true financial freedom, as many find themselves still dependent on work in retirement. Miles shares his personal journey of transitioning from a financial advisor to a real estate investor, illustrating the flaws he found in conventional financial planning. Achieving financial independence requires a shift in mindset, where one prioritizes liquidity and smart investments over locking money away in retirement accounts. The conversation highlights that true financial freedom is not just about accumulating wealth but about making informed decisions that allow for lifestyle choices. Miles advises that people should focus on increasing their income and managing their finances wisely, rather than merely cutting expenses. Links referenced in this episode:money ripples.coml4investing.comThe Do More Podcast https://creativecommons.org/licenses/by-nd/4.0/

The host expresses heartfelt gratitude for listener support and reflects on the podcast's growth. They dive into financial freedom, defining it as covering monthly expenses through cash flow from assets rather than a traditional job. A critical step toward this goal is an honest assessment of personal finances, including creating a balance sheet. The conversation emphasizes the importance of understanding expenses and exploring ways to generate passive income, such as real estate investments.

Scott Durham joins me to share his journey in the real estate investment world, emphasizing the importance of persistence and strategy in achieving success. With 20 years of experience, Scott transitioned from a successful real estate agent to a house flipper and rental property investor. He discusses how his background in real estate sales provided him with a unique advantage in finding lucrative deals, particularly through online leads. Scott's approach to flipping houses includes acquiring properties at a discount, renovating them, and leveraging the cash flow from short-term rentals. He highlights how having a solid foundation of cash-flowing properties offers a safety net, particularly in an uncertain market. We talk about the challenges of finding good contractors and navigating a changing real estate landscape, all while maintaining a focus on disciplined investment practices that prioritize quality over quantity.Takeaways: Scott Durham's journey in real estate spans over 20 years, evolving from a top agent to a successful house flipper. He emphasizes the importance of persistence and utilizing one's expertise as a realtor to create personal investment opportunities. In today’s market, finding motivated sellers is easier than in recent years, despite rising lead costs. Durham highlights the necessity of networking with contractors and having a reliable team for successful property flips. He employs AI tools to analyze potential deals, showcasing how technology can enhance real estate investment strategies. The discussion stresses making informed buying decisions, as success in real estate largely hinges on purchasing properties at the right price. The Do More Podcast https://creativecommons.org/licenses/by-nd/4.0/

Flint Jamison joins me to share his remarkable journey from aerospace engineer to real estate investor, specifically focusing on multifamily and medical office spaces. We get into Flint's pivotal role in designing the wing structure of the Boeing 787, showcasing how his engineering background laid the groundwork for his later ventures. Flint describes the challenges he faced in the high-stress world of aerospace engineering, which ultimately led him to seek a more fulfilling career in real estate. He discusses his transition into real estate investment, detailing his experiences with a duplex and how they shaped his strategies moving forward. Flint emphasizes the importance of diversifying investments and shares insights on navigating the current uncertain market conditions, including the strategies he employs to mitigate risks in his portfolio.Takeaways: Flint Jamison transitioned from aerospace engineering to real estate investment after 20 years, seeking a more fulfilling life. The engineering field is high-stress and time-intensive, often requiring personal sacrifices that affect family life. Real estate investment offers diverse opportunities for income generation, including tax advantages and stable returns. Flint's first real estate venture was a duplex that taught him valuable lessons about property management and tenant relations. He now focuses on medical office space and multifamily apartments, leveraging partnerships for diversified investments. Flint emphasizes the importance of networking and building relationships to find lucrative real estate deals. Links referenced in this episode:vestascapital.cominvestwithflint.coml4investing.comThe Do More Podcast https://creativecommons.org/licenses/by-nd/4.0/

I wanted to discuss why I believe facing challenges directly is so crucial, particularly when it comes to personal growth. I’ve got a story about my son and his time in a three-on-three basketball league that really drives this home. His team was up against older, stronger players, and let’s just say they took quite a few losses. It could’ve been a real downer, but honestly, I’ve seen how those tough games pushed them to get so much better—both in their skills and in bouncing back from setbacks.I can’t help but think about what this means for all of us, you know? So often, schools and even us parents focus on keeping things safe and comfy for kids, but are we missing out on the big lessons that come from competing and even failing sometimes? I really believe we need to take more risks and embrace the hard stuff, whether it’s on the court or just in everyday life. Those challenges are what shape us and help us grow. What do you think—have you seen this play out in your own experiences? Takeaways: In youth sports, competition often overshadows the importance of skill development and teamwork. Challenging children with difficult opponents can lead to significant growth and improvement. Losing is a valuable learning experience that teaches resilience and the importance of effort. We should encourage taking risks in life, as growth often comes from facing challenges. The societal tendency to avoid challenges prevents personal development and skill enhancement. Parents and coaches must focus on the process of learning rather than just winning games. Links referenced in this episode:thedomorepodcast.coml4andbThe Do More Podcast https://creativecommons.org/licenses/by-nd/4.0/

Bree Hartman, the visionary founder of the Self-Storage School and a former wildlife manager, shares her inspiring journey from field biologist to thriving entrepreneur. She emphasizes the crucial role of adaptability in business success and the importance of taking risks. Bree discusses her unique pivot to self-storage, highlighting community support and mentorship's impact. She also explores the significance of delegating tasks for growth and the integration of AI tools like Swivel to enhance customer experience in the industry.

Russell Nersesov joins me to discuss his journey from being a chiropractor to becoming a managing partner of Safe Storage USA and Flex Park Partners. In this episode, we examine the strategic shift from traditional real estate investments to self-storage and now flex spaces, showcasing the evolving landscape of the real estate market. Russell shares insights on the challenges and opportunities that come with these transitions, particularly in the current economic climate where interest rates have significantly changed. We talk about the importance of building a strong network and the necessity of adapting investment strategies to ensure sustainable growth. As we navigate through these topics, listeners will gain valuable perspectives on the dynamics of real estate investment and the critical factors influencing decision-making in this field.Takeaways: In this episode, Russell Nersesov shares his transformative journey from being a licensed chiropractor to becoming a managing partner in the self-storage and flex space sectors. The discussion highlights the importance of adaptability in real estate investment, particularly in response to market changes and economic pressures. Russell emphasizes the strategic decision-making process behind their pivot from self-storage to flex space, focusing on emerging opportunities in the market. You are encouraged to consider the nuances of long-term real estate holding strategies, as opposed to the more transactional approach often seen in syndication. The episode covers the significance of building a reliable network in real estate, underscoring that success often hinges on collaborative efforts within the industry. Russell discusses the innovative approach of combining real estate investments with cryptocurrency, particularly Bitcoin, to diversify and enhance investment portfolios. Links referenced in this episode:safestorageusa.comsafestorageinvestors.comL4Investing.comThe Do More Podcast