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Posts Tagged ‘landlord’

BTM 30: Unlocking Success through Financial Freedom with Tyler Sheff

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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/

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BTM 21: Why Cashflow Will Always Be King with Lane Kawaoka

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On today’s episode, we have the pleasure of speaking to Lane Kawaoka. Lane is an engineer, an investor in 626 single family and multi-family units and a radio show host at simplepassivecashflow.com. Lane was born and is currently based out of Hawaii. He is what we could call, an “accidental landlord.” After buying his first single-family home he realized that it was a cash sucking machine and he wanted to do something about it. Lane shares this story and how it propelled his interest and career in real estate. He also shares his insights on the market in Hawaii and why he decided to move back to his homeland from Seattle. We also delve into the 1031 exchange, who should get into a 1031 exchange and some of the pitfalls that some of us might not realize about a 1031 exchange. But the true emphasis for today’s episode is cashflow. Cash flow is king, and according to Lane, when you’re starting out your number one goal should be cashflow. Lane motivates us to get started creating cash flow for ourselves to design the lifestyle and business we want to lead.

 

Key Points From This Episode:

  • What encouraged Lane to start investing in real estate.
  • The lesson Lane learnt from buying his first property.
  • How Lane helps clients get into their first investment.
  • Where to go if you want to invest but have no money.
  • The importance of cashflow and what it allows.
  • Why Lane shifted from single-family homes.
  • Why Lane decided to move back to Hawaii from Seattle.
  • Some of the pitfalls of a 1031 exchange.
  • Success habits Lane incorporates into his every day.
  • Balancing business with lifestyle. 

 

Tweetables: 

 

 

Links Mentioned in Today’s Episode: 

Simple Passive Cashflow – http://simplepassivecashflow.com/

House Hack Secrets – http://beforethemillions.com/househacksecrets

 

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