Posts Tagged ‘real estate’

BTM 85: Invest with the 1% & 10X Your Wealth with Craig Cecilio

Craig Cecilio is the CEO and founder of a crowdfunding real estate platform that gives average investors access to institutional-quality investments through the power of crowdfunding. By focusing his passions for real estate and technology, Craig has developed an online alternative asset investment platform known as DiversyFund.

On today’s episode we cover a myriad of topics that the rich would never want exposed on air. We uncover what really goes on behind the scenes at the “good ole boys” club and how the ultra wealth invest. You’ll be shocked to discover the type of opportunities they get as opposed to the rest of us. But not to fear, we all go in detail on how to invest alongside the 1 %.

 

Key Points From This Episode:

  • How to 10X your wealth in 5 years
  • The secret world of real estate syndication
  • Where the 15% returns are and how you can access them
  • What crowdfunding is and why its becoming so popular
  • How Kobe Bryant turned a 6 million dollar investment into 200 million dollars

 

Links Mentioned in Today’s Episode:

Craigs Website

Before the Millions Book: The Science Of Getting Rich

Listen to this books for free!

 

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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 62: The Lifestyle Design Aspect of Passive Income with Ali Boone

Ali Boone is a lifestyle entrepreneur, business consultant and real estate investor, and has literally defined non-conformity when it comes to her career. Ali left her corporate 9-to-5 job as an Aerospace Engineer, despite the “dream job” status that came with it, to follow her passion for being her own boss and creating true lifestyle design. She did this through real estate investing.



Her own real estate portfolio started with pre-construction investments in Nicaragua and then she moved on to investing in turnkey rental properties in various markets throughout the U.S. She managed to invest in her first five properties in 18 months using primarily creative financing. After starting out as a real estate investor just for herself and her own financial benefit, she went on to create her company Hipster Investments which facilitated over $18M in real estate investment sales in its first five years of business.

 

She’s written roughly 190 articles for the BiggerPockets website, she’s been featured for her writing in Fox Business and The Motley Fool, and she offers hands-on support for new investors and those going through the investing process. She still owns her first turnkey rental properties and she is also a co-owner and the landlord of a local property to her in Venice Beach.


Her primary focuses revolve around passive income and passive investment options. In addition to running Hipster Investments and working as an active business consultant, she’s a pilot and teaches flying and she can often be found snowboarding, hiking, or volunteering in California prisons. Her ultimate goal is to one day challenge Tim Ferriss to a lifestyle design duel.

 

On today’s episode we talk with Ali about her journey on becoming an entrepreneur and real estate investor. Ali shares with us how she knew real estate was the right path for living the life of her dreams. Ali knew that she didn’t want to fix and flip homes and decided to focus on the passive income side of real estate. You’ll learn how reading the Rich Dad, Poor Dad book changed Ali’s mindset to start thinking like an entrepreneur instead of an employee.

 

We also talk about the many benefits of having a lifestyle design and how to achieve it using passive income from various investments. Ali shares with us her first deal in real estate (mistakes made, lessons learned, etc.) and gives some great advice for college graduates and other professionals on how to get started. We also talk about the importance of knowing the difference of working in your business vs. owning a business. Lastly, we discuss how Ali spends her days as a location independent entrepreneur and what it took for her to finally live the life of her dreams.  

 

Key Points From This Episode:

  • Ali’s journey from being in the corporate world to living life on her terms as a real estate investor and entrepreneur
  • The importance of having a great real estate network of people to help you along your journey
  • Why investing in real estate is key to having lifestyle design (living life on your own terms)
  • The REAL benefits of lifestyle design and how you can achieve it in your life
  • The #1 thing Ali would say to millions of people that would be a game changer
  • Breakdown of Ali’s first real estate investment and how she turned that experience into a profitable thriving business today
  • Advice for every college grad and corporate professional on how to achieve lifestyle design using real estate and becoming an entrepreneur
  • The story of how Ali met a guy on a rooftop and what she saw that change her entire life and mindset
  • Difference between working in your business vs. owning a business
  • Importance of understand the mindset of an employee vs. entrepreneur
  • Why self-awareness is key to success and how being patient led her to prosperity in real estate  

 

Links Mentioned in Today’s Episode

Ali’s Website: Hipster Investments

Ali’s Instagram: https://www.instagram.com/hipsterinvest/

Ali’s Favorite Books:

The Four Hour Work Week

Rich Dad, Poor Dad

E-Myth 

Ali’s Favorite Lifestyle Design App: Instagram

 

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BTM 61: Wall Street Employee Loses Job For Greater Destiny with Daniil Kleyman

Daniil Kleyman grew up in the cold, snowy city of Moscow, Russia.  At age 12, he immigrated with his family to Richmond, VA. After a brief and not-so-successful run on Wall Street, Daniil finally realized that he was utterly unemployable and ventured into real estate investing and software development.

 

He hasn’t looked back since. Daniil’s real estate investing business currently includes a portfolio of rental properties, ground up residential construction, multi-family development and mixed-use commercial development. He is also incredibly passionate and hands on with the software development, constantly working with the development team on new releases.

 

Daniil has been involved in hundreds of transactions and different strategies including Wholesaling, Rehabbing, New Build Construction, Apartment Investing, & Commercial properties. But his favorite investing strategy today is still cash-flowing properties whether it’s single family homes or commercial.

 

He talks about why cash flow is so important, and how to get financing so that you can become financially free. Daniil also produced a software for Wholesalers and Rehabbers in the industry called Rehab Valuator which will show you the true value of a property, and allow you to blast out the key information to your buyers list.

 

On today’s episode we talk with Daniil about his journey and how he didn’t want to have a job anymore. He didn’t want to be responsible to anyone else and have a set schedule. Daniil didn’t want to be trapped in an office or a cubicle. He didn’t want to ride the subway at 7 o’clock in the morning wearing a suit. You’ll learn why Daniil knew he looked good on paper but wasn’t fulfilled.

 

We talk about simplifying your life to have a clearer mindset and why staying organized and contracting out certain phases of your business are important. He talks about the story of getting his start; investing in rentals coming out of 2008 and 2009 real estate crash. Finally, we wrap up the episode with Daniil sharing his strategy behind new construction and buying land and how you can make smart real estate decisions right now.

 

Key Points From This Episode:

  • Daniil’s driving force behind investing heavily in one market vs. diversifying a bunch of different areas.
  • How he ended up in Richmond, VA after working in Wall Street as a young man in New York City
  • Being in a approval seeking environment (aka a job) left him discouraged and unfulfilled
  • How you can make every right decision to having a good income (work hard, well liked, etc.) and still end up having everything taken away from you
  • The importance of finding ways to diverse your income so if your job doesn’t work out you’re not helpless
  • Importance of diverse your skill set (challenge yourself to learn new ways to create the life you want) such as marketing and sales skills you can take with you anywhere
  • How he humbled himself to move back with his parents after leaving Wall Street making over $200K/yr
  • The story of how he found a $40K shell of a house and brought with his partners (spent 6 month rebuilding that house)
  • The breakdown of how a development works and an example of a duplex that he has brought (numbers on it, how long it takes and typical returns you’ll see in your market, etc.)
  • What Daniil is doing today in real estate and the breakdown from the time he finds the land to buy to the time a tenant moves into the rental property

 

Links Mentioned in Today’s Episode

Daniil’s Website: Rehab Valuator 

Daniil’s Favorite Books:

The Four Hour Work Week 

Rich Dad, Poor Dad

Daniil’s Favorite Lifestyle Design App: Uber 

 

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BTM 60: No Money, No Credit, No Problem with Chris Prefontaine

Chris is the Amazon Best Selling author of Real Estate on your terms – Create continuous cash flow now, without using your cash or credit.  He’s founder of Smart Real Estate Coach & Podcast. Chris has been in real estate for 25+ years. His experience includes the construction of over 100+ single family and duplex homes (mostly 1990’s and selectively to date), has owned a Realty Executives Franchise (Massachusetts 1994-2000) as broker / owner which maintained high per agent standards and eventually sold to Coldwell Banker in 2000. The 2000’s included coaching ½ million and higher realtors in order to scale & automate their business throughout US and Canada. He also participated (and still selectively to date) in doing condo conversions (multi family homes to condos) and “raise the roof” projects (converting single family ranches to colonials in growth neighborhoods).

Chris has been a big advocate of constant education and participates regularly in high end mastermind groups and consulting with private mentors. He runs his own buying and selling businesses with his family team which buys 2-5 properties monthly so they’re in the trenches every single week. They also help clients do the same thing around the Country. Chris and his family/team have done over 80 million in real estate transactions. They mentor, coach, consult and actually partner with students around the Country (by application only) to do exactly what they do.

 

On today’s episode you’ll hear the story of what started Chris on the path to start investing in real estate. Chris shares his insight on why he needed to make the switch from earning active income into passive income using real estate. You’ll also learn how Chris paid $900 deposit and brought a home for over $183K using owner financing. Chris talks about how you can use various methods to get started in real estate without money or credit and how to find motivated sellers for deals. We end the episode learning about what investors should look for when structuring deals from buyers and sellers.  

 

Key Points From This Episode:

  • The transition Chris made from working with building construction to owning a realty franchise to ultimately being a real estate coach and investor
  • What prompted Chris to start investing (his father used to build his own buildings and the family had commercial building and read some real estate books)
  • Difference between earning active vs. passive Income in real estate investing (How Chris knew it was time to make that switch from active to passive income)
  • How Chris created a college model in the 1990’s; owned around 12 buildings and built a great model for passive income and great cash out as well for his business deals
  • Chris’ worst entrepreneurial moment to date and lessons learned from that situation
  • His experience dealing with properties who were cut by ⅓ overnight during the real estate crash in 2007
  • What owner-financing deals are and the break down and examples of  how Chris used it in his deals
  • The story of Chris paying $900 deposit (using owner financing deal) and buying a home for $183.9K
  • How every deal chris does has 3 pay dates (cash up front, monthly spread, cash out) how he has created cash now, cash flow and strong cash out
  • Importance of including family in your business and why Chris uses his family to help support his business
  • Chris’ favorite success story and the results of his clients (e.g. one guy who spent almost $100K on coaching over the last 5 years and had not completed a single transaction → he wanted to join another program with Chris’ company → now has under agreement and profied over 1 million after working with Chris)

 

Links Mentioned in Today’s Episode

Chris’ Website: Smart Real Estate Coach 

Chris’ Favorite Books:

What do you say when you talk to yourself 

The Success Principles

Chris’ Favorite Lifestyle Design App: Discover Calm #1 App for Meditation & Sleep 

 

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.

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