BTM200: Starting Your Own Investment Club With Friends
In this episode Antonio and Daray take a look into the inter-workings of an investment club started by friends for friends. If you and your friends have considered putting your resources together to invest in something profitable for passive income but haven’t yet figured out how to structure everything then this episode is for you.
Key Points From This Episode:
- Antonio’s Club Intake Process
- Operating Agreement considerations
- The types of investment opportunities Antonio has pursued
- Schedule, minutes and communication channels
- Title, roles and responsibilities of each club member
Links Mentioned in Today’s Episode:
BTM181: Real Estate & Clubhouse, What’s Possible? with Travis Rice
App Store -> Search -> “Clubhouse”
Imagine going to a free conference side by side with some of the best and brightest in their area of expertise. In our case, we’ll use real estate investing.
At this conference, you’ll be able to have meaningful direct conversations with the biggest real estate magnates as if you paid for their $100,000 per year coaching.
You’ll be able to discuss anything in your life and business – what’s working, what’s not working and get direct feedback on how to move forward.
You’ll be able to be a fly on the wall while these same mentors help others build 6 and 7 figure businesses.
You’ll be able to network and start your own groups and hold yourself and others accountable.
Again, all for free.
Wouldn’t this be a heck of a conference?
Well, that’s Clubhouse… a casual, drop-in audio conversation app
Where you can tune in to live, real time conversations all around the world.
Here’s why I think this app is important for real estate investors:
- Get Inspired – From daily affirmation rooms to weekly ‘how to find a deal’ rooms, there’s no shortage of inspiration and coaching from this platform.
- Build Your Team – Spend 30 minutes in a room and you could come out of there with a new realtor, contractor, attorney and title company.
- Find Deals – I’ve been in rooms where deals are happening live. Tune in to the next episode of the BTM podcast to hear from an investor who found his last deal through clubhouse.
Now this app is really new (they haven’t IPO’d yet) and hundreds of thousands of people are downloading it every single day so I’m sure that you may have already use it – if that’s the case, lets connect – @darayolaleye
While you’re at it, connect with today’s guest, Travis Rice (@travisrice) a digital strategist who used clubhouse as a foothold to kickstart his real estate business, raising $14,000 in 36 minutes live from the app. Having grown his group ‘Real Estate Money Club’ to 25K+ members in a few short months, he’s made headway as the lead digital strategist for a shipping container development company that specializes in renewable, sustainable and affordable housing.
Links Mentioned in Today’s Episode:
Recommended Book:
Rich Dad, Poor Dad by Robert Kiyosaki
Lifestyle Design App:
BTM 32: What Banks Don’t Want You To Know About Your Mortgage with Jordan Goodman
Today on the show we welcome, Jordan Goodman aka The American Money Answer Man. Jordan’s expertise has quite literally led him to write the Dictionary for Investment and Finance, along with thirteen other bestselling books. Jordan has appeared on Fox News, The View, BBC (to name a few) and spent eighteen years on the editorial staff of Money Magazine.
In this episode, Jordan shares tons of tips, tricks and strategies to help us save on our current investment properties. We discuss how the new tax law is going to affect home owners across the nation, as well as the outlook of marijuana stocks for 2018, Bitcoin and other crypto currencies for 2018.
Jordan teaches us how to invest in real estate, how to maximize our Roth ROA and how to verify that our mortgage and PMI payments are correct. One of the biggest takeaways from this episode is learning that banks and loan servicers are not perfect and that there are many mistakes being made every single day on our mortgages and on our PMI. We could save thousands of dollars by one little trick that banks might not necessarily want you to know, and Jordan is going to show us how.
If you’re a home owner or an investor, looking to save money, you can just by listening to this episode.
Dictionary of Finance and Investment Terms
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.