BTM 22: Overcoming The Fear Of Success with Whitney Nicely
Today’s guest, Whitney Nicely is an entrepreneur, broker and real estate investor in east Tennessee. She is the Principal Broker for Whitney Buys Houses and the Principal Auctioneer for Nicely Done Auctions.
She started out flipping furniture, then dump trucks, then progressed onto flipping houses. Whitney has been buying houses for over four years and to-date has 19 houses, 19 apartments and seven plots of land that she rents out. Whitney is particularly fired up about teaching women the fast, fun and profitable way to be successful in real estate.
She traveled the long slow road of getting tons of certifications and found out she could make more money faster as an investor. Now her students are following her system to build their own cash flowing real estate portfolio. In this episode, we hear Whitney’s journey and how she has been able to create a lifestyle that so many dream of.
Key Points From This Episode:
- How Whitney got into flipping houses after college.
- How Whitney started out working four jobs.
- Do you really need money to get started?
- Creative financing options that Whitney suggests.
- The art of negotiation: Whitney’s personal tips.
- Whitney’s experience flipping dump trucks.
- Why time freedom is worth the initial hard work.
- The sacrifices Whitney made to get to where she is today.
- Why cash flow and passive income are seriously king!
Tweetables:
[spp-tweet tweet=”“I can find the gold in a little bit of dirt.” — @nicewhit”]
[spp-tweet tweet=”“I love working, don’t get me wrong. But I also love taking a week off to go to Tampa and still get $10 grand.” — @nicewhit”]
[spp-tweet tweet=”“It’s scary to be successful…” — @nicewhit”]
Links Mentioned in Today’s Episode:
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BTM 21: Why Cashflow Will Always Be King with Lane Kawaoka
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:
[spp-tweet tweet=”“It comes down to cashflow. Cashflow gives you the freedom to do what you want.” — Lane Kawaoka”]
[spp-tweet tweet=”“That’s the problem with Wall Street. It’s rough and it’s a rollercoaster.” — Lane Kawaoka”]
[spp-tweet tweet=”“You always take what anybody tells you with a grain of salt.” — Lane Kawaoka “]
[spp-tweet tweet=”“You need to figure out what makes you happy, what your goals are and create your business and lifestyle around that.” — Lane Kawaoka”]
[spp-tweet tweet=”“70% of your progression is doing it, being in the field. 20% is from your peers. 10% is books.” — Lane Kawaoka”]
Links Mentioned in Today’s Episode:
Simple Passive Cashflow – http://simplepassivecashflow.com/
House Hack Secrets – https://beforethemillions.com/househacksecrets
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BTM 12: Reclaiming the Banking Function in your Financial Life with M.C Laubscher
On today’s show we welcome M.C. Laubscher. M.C. is a wealth strategist, educator, and financial freedom fighter all the way from South Africa. He is the President and CEO of Valhalla Wealth Financial and the creator and host of the popular business and investing podcast, Cashflow Ninja.
His mission is to help as many people as possible eliminate the that control banks and financial institutions have over their lives by building their wealth in a variety of ways, outside of Wall Street. He does this by reclaiming the banking function in your own financial life through structuring an efficient cash flow management systems and creating and building assets that provide multiple streams of income.
Valhalla Wealth Financial was built on the principles and values of self-ownership, self-reliance, independence, personal and financial freedom, and lifelong learning and financial education. In this episode we speak to M.C. about busting those financial myths and how to reclaim and reuse your money over and over again.
Key Points From This Episode:
- M.C. tells us about his background growing up in South Africa and how he started working in real estate before he went into wealth and finance.
- The books M.C. read that helped him make that paradigm shift.
- How M.C. started looking at what money really is, and made the mindset shift.
- The strategies M.C used and how he implemented them to get started.
- Listen as M.C. explains the infinite banking concept and how you can incorporate it.
- Understand why M.C. started researching the way wealthy people handled their money.
- Discover more about the cashflow versus accumulation model.
- Why M.C believes that the 401(k) is an unproven system.
- How real estate income acts as a hedge against inflation.
- Learn how the accumulation model is going to fail people in the future.
- Find out how markets only do three things: go up, go down, or go sideways.
- Listen as M.C. explains why people following the cashflow model will be living golden days.
- Understand what real estate M.C. invested into.
- Discover how M.C wants to build a business that is location independent to help people from all over the world.
- Why M.C decided to get into the financial services industry.
- The biggest challenge M.C faced in starting and owning his own business.
- The reason why the most important real estate in the world is that piece of real estate in between your ears.
- Find out why M.C. started podcasting and how it helps him cater to his specific audience.
- How leadership platforms have contributed to M.C’s main business.
- The time in which M.C. had to overcome failures in his business, and how it played out.
- Discover how once you start putting out good solid content that provides value, you start to see growth and change in your business.
- Hear why you have to try to find a way to purchase things more effectively.
- M.C.’s favorite before the millions books to read.
- Listen as M.C. explains some sacrifices he had to make to get where he is today.
- Hear how M.C.’s family has been very supportive and a key to his success.
- How M.C. identifies the analysis paralysis that hold people back from being successful.
Tweetables:
[spp-tweet tweet=”“You can start small and that can make huge differences in your own life.” — @mclaubscher”]
[spp-tweet tweet=”“Insurance products is a very good way of passing down and creating a legacy for your family.” — @mclaubscher”]
[spp-tweet tweet=”“If you know what money truly is, money has to keep moving and circulating.” — @mclaubscher “]
[spp-tweet tweet=”“Inflation is a huge wealth destroyer, just like taxes.” — @mclaubscher “]
[spp-tweet tweet=”“The most important real estate in the world is that piece of real estate in between your ears.” — @mclaubscher “]
Links Mentioned in Today’s Episode:
— Robert Kiyosaki’s book, Rich Dad, Poor Dad
— Edward Griffin’s book, The Creature From Jekyll Island
— Nelson Nash’s book, Becoming Your Own Banker
— Grant Cardone’s Book, The 10X Rule
Access The Best Strategies, Tips & Advice!
Every week, we send an email sharing my best advice, tips and strategies related to Real Estate Investing. Each of these weekly emails contain relevant and actionable information that can help you no matter where you are in your investing journey.