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Posts Tagged ‘investing’

BTM 37: Long Distance Real Estate Investing 101 with Billy Keels

Today International Investor, Billy Keels, is on the show and is going to teach us all things lifestyle design through Real Estate. We dive into Billy’s life and discover some of the tactics he uses to grow his portfolio such as Seller Financing. We are going to learn exactly what Seller Financing is and how we can take advantage of such a strategy. We’ll also look at the importance of building a strong team around your real estate business especially if you are one that is looking to be location independent. Lastly, we’ll discuss how crucial it is to be a problem solver rather than a real estate investor.

 

In the last 17 years Billy Keels, KeePon Cashflow’s founder, has had the opportunity to work in 86 countries, learn and fluently speak 5 languages and has lived in 3 European Countries. Today Billy is a long distance real estate entrepreneur, author, coach, public speaker and mentor. Hi’s teams select and operate multifamily properties in the USA, while Billy lives in Barcelona, Spain.

Today’s show is jam packed and filled with actionable goodies!

 

Links mentioned in the show:

The Creature From Jekyll Island
Speak with Billy
growyourmoneythesmartway.com
keeponcashflow.com
Rich Dad Poor Dad by Robert Kiyosaki (Physical Copy)
2 Free Books Today on Audible
One on One Coaching with Daray

BTM 30: Unlocking Success through Financial Freedom with Tyler Sheff

Today we welcome Tyler Sheff to the show. Tyler is the CEO of Cashflowguys.com, a company which aims to educate their clientele in investing in real estate and building long-term wealth. Tyler is a licensed real estate problem solver, educator, investor and syndicator. His professional career has included time as a soldier in the US Army Military Police, a Florida Certified Police Officer and Firefighter, a Contractor, a Repair Technician, and a Boat Captain. Truly a varied career that has helped pave the way for his success today. In today’s episode, Tyler shares his journey into real estate, why and how he transitioned out of fixing and flipping into investing, and why it was so important for him to make the shift.

 

Key Points From This Episode:

  • How Tyler came upon his path and made the shift towards his career today.
  • The importance of having a good work ethic on your journey towards building wealth.
  • Why there is no good result that comes from accumulating piles of cash.
  • Learning about the advantage of building various streams of income.
  • Understanding why Tyler shifted out of fixing and flipping and into real estate investing.
  • How a crazy tax bill forced Tyler to get a regular 9 to 5 job.
  • Figuring out how to reprogram your mind to create cashflow.
  • The mindset barrier that holds most people back from getting started in real estate.
  • Understanding that money is mindset; leveraging other people’s money.
  • How Cash Flow Guys got started and their purpose.
  • The way Tyler used his first four-plex property to escape the rat-race.
  • Influence and success stories that came out of Tyler’s Podcast since it launched.
  • Tyler’s advice and tips to maximize profitability as a landlord.
  • Understanding why you should always hire-out property management.
  • Why you should always surround yourself with experts, and not go it alone.

 

Tweetables:

 

Links Mentioned in Today’s Episode:

Tyler Sheff — http://tylersheff.com/

Cash Flow Guys — http://www.cashflowguys.com/

Rich Dad, Poor Dad https://www.amazon.com/Rich-Dad-Poor-Teach-Middle/dp/1612680194
Audible Trial – www.audibletrial.com/beforethemillions

Equity Happenshttps://www.amazon.com/Equity-Happens-Building-Lifelong-Wealth/dp/0977488705

Evernote — https://evernote.com/

Stacy Cross, Comfort Killers — http://thecomfortkillers.com/

FinCon — https://finconexpo.com/

Larry Harbolt — http://www.larryharbolt.com/

BTM 29: Rejection, Massive Action and Cultivating a No-Fear Attitude With Vinney Chopra

We welcome Vinney Chopra, aka “Mr. Smiles” to the show today. Vinney came to the US as an immigrant with $7 in this pocket and today, has over two million dollars in assets! Vinney grew up in India, with six siblings in a one-bedroom apartment. His first job in the US was selling Bibles and Encyclopedia’s door-to-door, he slowly worked his way up, started his own business and is an investor and syndicator in the real estate business. Vinney has participated in 26 syndications and spent 37 years as a fundraising consultant and motivational speaker.

Today, Vinney has just retired at the age of 62 and he couldn’t be happier. In this episode, we’re focusing on mindset, what it means to take a leap of faith and molding your lifestyle to how you see fit. We find out how Vinney was able to turn $7 into a multi-million-dollar company, hear his philosophies on business and why we need to understand rejection in order to succeed. Vinney is someone who was handed a specific set of cards and refused to live a life that society pigeon-holed him into living. He broke the barrier, he broke the chains and now, Mr. Smiles is thriving! A fascinating and inspiring story for anyone who has ever thought about giving up.

 

Key Points From This Episode:

  • Vinney tells the story of his humble beginnings in New Delhi, India.
  • How Vinney won a five-year scholarship to become a chemical engineer.
  • Why Vinney had the urge to come to the USA and make a difference.
  • How Vinney convinced his Grandpa to let him come to the USA.
  • Selling Bibles and Encyclopedia’s door-to-door: Vinney’s first job in the US.
  • Discover how Vinney came to value the importance of understanding rejection.
  • Going back to the basics and learning the fundamental techniques.
  • Find out how Vinney worked his way up in his first door-to-door sales job.
  • How Vinney got into motivational speaking, fundraising and real estate.
  • Why Google, podcasts and books are Vinney’s biggest mentors.
  • Retiring at the age of 62 and what a balanced lifestyle means to Vinney.
  • Discover how Vinney runs his company and manages employees today.
  • Why you should always smile.

 

Tweetables:

“Understanding rejection is the number one thing in life. Many times, people give up

 

 

Links Mentioned in Today’s Episode:

Vinney Chopra Website – http://www.vinneychopra.com/

How To Win Friends and Influence People by Dale Carnegie – https://www.amazon.com/How-Win-Friends-Influence-People/dp/0671027034

The Magic of Thinking Big by David J. Shwartz – https://www.amazon.com/Magic-Thinking-Big-David-Schwartz/dp/0671646788/

Sign Easy App – https://www.getsigneasy.com/

The Power of Now by Eckhart Tolle – https://www.amazon.com/Power-Now-Guide-Spiritual-Enlightenment/dp/1577314808

BTM 19: Creating Business and Adapting to Market Conditions with Logan Waller

On today’s show we are joined with Logan Waller. Logan is a broker out of the Dallas-Fort Worth area, founder and president of the Waller Group. The Waller Group is a real estate brokerage group and was consistently ranked within the top 20 teams in the nation by Wall Street Journal, under RE/MAX. In 2011, the Waller Group became an independent brokerage and has been providing full service brokerage throughout the metroplex since 2012.

 

Last episode we looked at the real estate market from the perspective of an agent, and this episode we will be diving into the perspective of a broker. Logan obtained his real estate license in 1997 with a goal to invest in real estate and follow in his family’s footsteps. With that goal in mind, Logan bought his first house at the age of 18 and never looked back. Today, Logan shares more about getting started in the real estate market, how to develop a sales velocity, and the challenges of starting your own business, and pursuing your dreams.

 

Key Points From This Episode:

  • Getting a first exposure to entrepreneurship through a vending machine business.
  • How Logan got hooked onto real estate, buying his first house for only $6,000.
  • Logan’s method and strategy for scouting and purchasing his first house.
  • Developing a sales velocity to identify the best real estate deals.
  • The benefits of being a broker within the real estate market.
  • Top real estate training for the fundamental real estate basics.
  • Accelerating your career by surrounding yourself with people you can learn from.
  • The inception of the Waller Group and the challenges of starting a company.
  • Understanding distressed real estate markets to find the best investment opportunities.
  • Why most agents are not cut out to be investors.
  • Daily habits that contributed to Logan’s success.
  • The importance of focusing on identifying sellers and getting them listed.
  • How your goals and milestones should evolve with different stages of your life.
  • Standing out above the crowd, and getting sellers to choose your brokerage.
  • Deciding which real estate deals to invest in and which to take to your buyers.
  • The importance of creating value within your business, above all.
  • And much more!

 

Tweetables: 

“If you can’t sell, then you can’t make any money.” — Logan Waller @Waller_Group  [0:13:45.0]

 

“I was a typical realtor; I made $200,000 a year and spent $210,00 a year.” — Logan Waller @Waller_Group  [0:16:47.0]

 

“80% of your resources, time, and money should be spent finding sellers.” — Logan Waller @Waller_Group  [0:27:40.0]

 

“Focus on creating value and the profit will follow.” — Logan Waller @Waller_Group  [0:43:55.0]

 

Links Mentioned in Today’s Episode:

Audible Free Trial — audibletrial.com/beforethemillions

Waller Group — http://wallergrouphomes.com/

Mike Ferry Real Estate Training — http://www.mikeferry.com/

CCIM Courses — http://www.ccim.com/education/

The E-Myth by Michael Gerber — https://www.amazon.com/E-Myth-Revisited-Small-Businesses-About/dp/0887307280

Good to Great by Jim Collins — https://www.amazon.com/Good-Great-Some-Companies-Others/dp/0066620996

 

BTM 16: Set For Life with Bigger Pockets Vice President Scott Trench

Today we welcome Scott Trench, VP of Operations at BiggerPockets.com. Scott is also a licensed real estate broker/agent, real estate investor managing 8 units in Denver, CO with a partner, a house-hacker, and personal finance nerd. His book, Set for Life thoroughly details a step-by-step journey to early financial freedom for full-time workers earning median incomes and starting with little or negative net worth. Scott is passionate about financial education and believe that financial literacy allows for empowerment in today’s society.

His writing and economic analyses have been featured in TIME Magazine, CNBC, Forbes, and Realtor Magazine, as well as regional publications like the Denver Post and Tampa Bay Times. Scott has lectured at the University of Colorado and has produced dozens of video/podcast segments explaining intricate real estate concepts to new investors. In this episode Scott dissects his journey to early financial freedom and how he has been able to become successful in doing so. We also talk about his book, Set for Life.

 

Key Points From This Episode:

  • Find out what led Scott to following the philosophy of financial freedom.
  • How Scott turned his frustration into action.
  • Hear how Scott used networking and brand knowledge to get his job at Bigger Pockets.
  • Discover why Scott doesn’t consider himself as an entrepreneur but as an employee.
  • Three ways to becoming financially free at an early stage in life.
  • Learn how Scott got the money to buy his second property.
  • Getting rid of your PMI by having equity in your property.
  • Understand how Scott has found meaning in the work he now does.
  • Continuing to solidify your financial position perpetually with passive income and wealth.
  • How opportunities begin presenting themselves as you accumulate income and wealth.
  • Scott tells us more about his role at Bigger Pockets.
  • Why real estate is considered to be the best way to build passive cashflow.
  • Listen as Scott explains the inception of his book, Set For Life.
  • Hear how Scott’s book will encourage you to make changes in all aspects of your life.
  • Scott’s ways of marketing his book for it to reach the right readers.
  • Defining risk and lowering risk by lowering your expenses.
  • Hear what sacrifices Scott had to make in order to get to where he is today.
  • And much more!

 

Tweetables:

 

Links Mentioned in Today’s Episode:

Scott Trench — https://www.biggerpockets.com/

Scott’s book, Set For Life https://www.amazon.com/Set-Life-Dominate-American-Dream/dp/0997584718/

Mr. Money Mustache — https://www.mrmoneymustache.com/

Early Retirement Extreme — http://earlyretirementextreme.com/

Radical Personal Finance — https://radicalpersonalfinance.com/

Thomas J. Stanley’s book, The Millionaire Next Doorhttps://www.amazon.com/Millionaire-Next-Door-Surprising-Americas/dp/1589795474/

Thomas J. Stanley’s book, The Millionaire Mindhttps://www.amazon.com/Millionaire-Mind-Thomas-J-Stanley/dp/0740718584/