BTM180: The Biggest Problem Deciding Your Real Estate Way To Wealth

Ever thought about using real estate investing as a wealth vehicle but never quite made the jump?

It can be terrifying for many of us but with just a little faith, it tends to pay big dividends – figuratively and literally.

There’s no arguing that there’s a wealth of knowledge out there in terms of different ways to invest in real estate. This podcast on its own has been able to procure guest after guest who’ve made their millions in real estate.

The question is…

How does all of this help you? What should you listen to and what should you filter? How can learning someone else path to real estate wealth help/hurt your own process?

The waters are murky and many find themselves paralyzed for this exact reason. This episode was created to guide you safely and sound (and dry) across the chasm to your ideal lifestyle design.

Links Mentioned in Today’s Episode:

BTM 5K in 30 Days Challenge

BTM Real Estate Newbies Guide

BTM Weekly Newsletter

BTM143: Top 2020 Real Estate Investing Strategies (Debunked & Explained)

What are the top strategies that new real estate investors should look into this new decade:

Flipping?

Rental properties?

Apartments?

Wholesaling?

Or creative strategies like Owner Financing?

Subject-to?

or maybe even a tenant buyer strategy or two?

On today’s episode, not only will we take a deep dive into each of these strategies but we’ll discuss what’s working in 2020 and how to select a vehicle based on your goals, experience, resources and timeline.

This is a fun filled jam packed episode that is going to expand your thinking when it comes to risk and no money down strategies in real estate as well as serving sellers and buyers as an investor while still making massive profits.

Key Points From This Episode:

  • What the Motivated Seller Method (MSM) is and how to implement it today
  • How to profitably overpay for properties
  • How to get a deal done with any seller in any market
  • Massive profit exit strategies for your investments
  • The idea of serving
  • How Daray navigated through these strategies in the past 4 years
  • Another way to use OPM (Other People’s Money)
  • How to structure 3 large paydays for every deal
  • Cash Flow vs. Lump Sum Cash and how to get both simultaneously

Links Mentioned in Today’s Episode:

Motivated Seller Method (MSM)

BTM140: Million Dollar Luxury Listings & 7 Figure Businesses with Keir Weimer

At the age of 23 as a senior in college, today’s guest Keir Weimer plead guilty to vehicular manslaughter after a boating accident. Keir served a 5 year sentence in prison that completely changed his life. At first things were hard and his incident followed him everywhere he went but eventually success started finding Keir because he started to use his unfortunate experience to fuel his fire.

Through dedication to his vision, within another 5 years he was able to build multiple 7-figure businesses in the real estate world. Keir started out as a agent and things were difficult his first year – he accumulated thousands in debt and was not able to do a single deal. Off handedly, that same year he was able to develop 30 million dollars in inventory and over 30 listings.

On today’s episode, we dive into Keirs reason for jumping straight to luxury real estate with no experience and how important it is to expand your mindset and network.

Key Points From This Episode:

  • Keirs 1st year as an agent with 0 deals and 40K in debt
  • How Keir acquired 30 luxury listings valued at 30 million dollars in 12 months with no experience
  • How Keir partnered with his professor to acquire 250M over 2000 apartments in the US
  • How to go from $0 in sales to $10 million in sales
  • A creative way to acquire your 1st waterfront resort
  • Could the most importantly thing to focus on in your business in 2020 be your personal brand?
  • Tips on increasing your price point

 

Links Mentioned in Today’s Episode:

Keir’s Website

Recommended Book:

Think and Grow Rich

Listen to this books for free with Audible!

Lifestyle Design App:

Coach Me App

5 Minute Journal App

BTM Newbies Guide

BTM 83: Lifestyle Design: A New Money Mindset with Paul Thompson

He used to have a corporate day job. Now he’s a full time real estate investor who lives to help others find their way. Today’s guest, Paul Thompson has created his ultimate lifestyle design using real estate. These days he’s turning his personal journey of securing 20 deals in his first 18 months of investing into an inspirational story for others. Now doing about three deals per month, Paul is able to help himself, as well as helping others build wealth with passive cash flow.

 

On today’s episode, we talk with Paul about his escape from Corporate America and how he acquires his deals through various networking strategies. We’ll share why creating streams of income is more powerful than just having more money. You’ll learn how anyone can leverage real estate investing to create meaningful wealth without having to have access tons of their own capital. Lastly, Paul shares with us why building piles of money doesn’t lead to wealth. This is a Masterclass on the “5 Things You Can Do Today To Create A New Money Mindset.”

 

Key Points From This Episode:

  • How you can build wealth with passive income (why it’s not just for the 1%)
  • Knowing how and when to charge what you are worth
  • 5 things you can do today to create a new money mindset
  • Why finding a tribe of like-minded people can set you up for greater success

 

Links Mentioned in Today’s Episode

Paul’s Website: www.pauldavidthompson.com/millions

Paul’s Favorite Book: The Big Leap https://amzn.to/2E0yMpj

Freebie: Download any 2 audio books for free when you try audible for 30 days: https://beforethemillions.com/book 

Paul’s Favorite Lifestyle Design App: Zapier – Connect the apps you use everyday to automate your work and be more productive https://zapier.com/ 

 

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BTM 79: Passive Landlording and Eviction Horrors with Stephanie Wankel

Stephanie Wankel is a Colorado native, and loves the outdoor lifestyle. Stephanie has been a real estate investor for over a decade, and continues to grow and manage her portfolio of single family home rentals, she’s done it all: property management, 1031 exchanges, evictions, turnkey, Airbnb, etc. Recently, Stephanie has gotten serious about growing faster through multifamily and has created New Heights Investment Group where they connect investors with private opportunities to participate in passive real estate investments with some of the most experienced, strategic partners in the industry. She wants to give encourage to others and believes if she can do this business while working full time and being a busy mom, that anyone can do it.

 

On today’s episode, we talk to Stephanie about how attitude is everything and action is the key to conquering your fears in business and life. Stephanie shares how to decide when you should start looking for a property manager vs. managing your rental properties yourself. You’ll also learn the differences between of being in a tenant-friendly state vs. landlord-friendly state. Lastly, we wrap up the episode about how you can leverage your experience as a landlord into becoming a full-time investor earning passive income.

 

Key Points From This Episode:

  • How to prioritize your 9-5 while becoming being a real estate investor (the #1 thing you must do)
  • Landlord 101: How to handle convictions, tenants, financial, legal matters and more
  • How Stephanie transitioned from being a fatigue landlord to owning multifamily rentals around the country
  • Why finding fatigue landlords can be a great way to get started in real estate

 

Links Mentioned in Today’s Episode

Stephanie’s Website: www.newheightsinvestmentgroup.com/

Stephanie’s Favorite Book: The Miracle Morning https://amzn.to/2yGw8kB

Stephanie’s Favorite Lifestyle App: Way of Life is your assistant to break a bad habit or build a good ones with spending less than a minute daily. https://wayoflifeapp.com/

Freebie: Download any 2 audio books for free when you try audible for 30 days: https://beforethemillions.com/book 

 

 

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.

Sign up to join our community