Posts Tagged ‘real estate investor’

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 82: When Manifesting and Taxes Collide with Shanyn Stewart

Shanyn Stewart began her career with General Electric as one of two accountant/advisors that worked directly with GE employees and executives to mitigate taxation throughout the county. In 1996, she started Advanced Accounting to assist clients apply those principles she learned at GE to assist in reducing their tax liability. In addition to her Life, Health and Variable Contracts, Shanyn holds Series 6, Series 7, Series 63 and 65 licenses. Shanyn is the author of, “The 10 Most Expensive Tax Mistakes That Cost Business Owners Thousands” and is a Certified Senior Advisor and Certified Acceptance Agent with the IRS.

 

On today’s episode, we talk with Shanyn about her amazing photographic memory and how she was able to leverage this gift to become one of the top tax strategist in the country. She shares with us how entrepreneurs can use legal loopholes to create long-term wealth by understanding tax advantages. You’ll also learn why having a real estate investing mentor is a game changer. Lastly, we talk about strategies you can use to reduce your taxation (and increase your income) from your W-2 income by investing in real estate.

 

Key Points From This Episode:

  • The #1 reason real estate investing beats the stock market  
  • The true hidden costs of not investing in mentorship as a real estate investor
  • How to Create Income Stability in an Unstable World
  • What is a 1031 Exchange and How You Can Use It to Defer Capital Gains Taxes

 

Links Mentioned in Today’s Episode

Shanyn’s Website: https://advancedaccounting.com/

Shanyn’s Favorite Books:

Think & Grow Rich https://amzn.to/2BnWM3g

The Science of Getting Rich https://amzn.to/2DP15qF

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

Shanyn’s Favorite Lifestyle Design App: Trello keeps track of everything, from the big picture to the minute details. https://trello.com/

 

 

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BTM 81: Protect Your Assets: Mindset, Legal & Tax Advice with Scott Smith

Scott Royal Smith founded Royal Legal Solutions to offer tax, business, and legal strategies to real estate investors. He has spent the past 8 years of his career diving through case law, reading the ever-changing tax code, and analyzing real estate investment so that you don’t have to. Scott works with clients all over the United States and Canada who want to grow their businesses and protect their hard-earned assets. He uses a combination of his legal expertise, experience as an investor, and love of helping others grow and protect their businesses to build ironclad asset protection plans for his clients.

 

On today’s episode, Scott shares with us why setting up the right business structure is key to protecting your assets as a business owner and investor. He also shares the top questions to ask yourself to awaken self-awareness during your investing journey. You’ll learn the real asset you build when you achieve success (hint: it’s not money) and why you must get comfortable with failure in order to succeed. Lastly, we wrap up the episode with how you can shelter your assets by creating a asset holding company and learning how to take advantages of the U.S. laws for business owners and investors.

 

Key Points From This Episode:

  • Why rich people don’t own assets (what they do instead)
  • How you can create a series of LLCs from your desktop to protect your assets
  • The story of how a real estate investor lost over $3 million dollars over a lawsuit (with insurance coverage)
  • The #1 type of risk most insurance companies can protect you from

 

Links Mentioned in Today’s Episode

Scott’s Website: https://royallegalsolutions.com/

Scott’s Favorite and Recommended Books:

Four Hour Work Week https://amzn.to/2RSY8si

Rich Dad, Poor Dad https://amzn.to/2DJOy7Q

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

Scott’s Favorite Lifestyle Design App: Habitat Bull can easily keep track of all your habits, routines and repeated to-dos. http://www.habitbull.com/

 

 

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BTM 80: My Backstory and Before The Millions Journey

On today’s episode, you’ll hear the amazing Before The Millions story of Daray Olaleye as he is interviewed by Chris Prefontaine. Daray talks about what sparked his initial interest in real estate and how his discontentment at his 9-5 job pushed him to find alternative options to achieve true financial freedom. You’ll learn the first steps you need to take to purchase your first real estate investment. Lastly, Daray talks about how he leveraged the power of coaching and mentorship to fast track his success in business and life.

 

Key Points From This Episode:

  • The financial mindset of most employees vs. entrepreneurs (what can I build vs. how much can I save)
  • How to leverage real estate investing from your 9-5 job and create passive cash flow income
  • Why you don’t need you get a real estate license to become a real estate investor (what to do instead)
  • Lessons Daray learned from raising $500K for a $42 million-dollar deal in Dallas while being unemployed

 

Links Mentioned in Today’s Episode

Recommended Books:

Rich Dad, Poor Dad https://amzn.to/2RLaGC7

Living With A Seal https://amzn.to/2zu3HWk

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

 

 

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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

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