Money School Podcast

Distressed properties may be hard to come by now, but they will be plentiful in the near future. When the market turns, there'll be hundreds of properties ripe for acquisition. If you get caught up in buying assets in this speculative market, you'll have no capital to take advantage of this opportunity. How do you move in a market with hedge funds gobbling up entire neighborhoods? What is the criteria for buying distressed property? In this episode, I'm joined by Jake Harris, a longtime investor and author of "Catching Knives: A Guide to Investing in Distressed Commercial Real Estate". He talks about all the challenges investors are experiencing in the current market, and the moves you can make to avoid losing money. Three Things You'll Learn In This Episode Why we have to prepare for the distressed market well in advanceHow do we identify the properties that will be ripe for acquisition when the market turns? The biggest challenge the average investor faces todayHedge funds and institutions are playing a completely different game in real estate investing, can we compete? How to protect your downside in a frenzied, volatile marketIf your asset was to lose 30% of its value, would you be able to hold it for the long haul? Guest Bio Jake is the author of "Catching Knives: A Guide to Investing in Distressed Commercial Real Estate". He is the founder and managing partner of a private equity real estate firm that has managed, developed, and acquired more than $200 million in assets under management in the last five years alone. With nearly two decades of experience in real estate, construction, and investment management, Jake is a licensed California broker and a recognized expert in opportunity zones, infill development, construction cost-control systems, and the scaling of distressed investing business. For more information, visit https://www.catchknives.com and sign up for their mailing list. You can also sign up for their Net Lease Due Diligence course. To keep up with Jake follow @jake.realestate on Instagram.

Most investors are looking for a model that isn't as energy draining as flips and wholesaling, or as risky as the stock market, but we never really think of new builds. We all see builders and think what they do is untouchable, that it's too expensive, and it involves too many moving pieces. But what if you could make it happen with one project, one set of contractors and one job site? In today's episode, I'm joined by an entrepreneur who's teaching beginners exactly how to do this, with very little up-front cost. Through multiple market events, he's been hardened by failure and has a lot of wisdom every investor needs to listen to. What makes this model way less stressful? How do you get started? How does my guest see the market playing out? In this episode, I'm joined by coach and serial entrepreneur, Jerome Maldonado. We talk about the model he's teaching, and the advantages it offers. Three Things You'll Learn In This Episode Why we have to learn from battle-tested entrepreneursWhat is the most valuable lesson we can learn from successful people who have been bloodied up by failure but came out stronger? The headache-free way to invest in real estateCan we have success in real estate investing without tenants, termites, and the headaches of flips and wholesale deals? Why raising money for new builds is easier than you thinkIf you have bad credit and no capital, how can you raise money for a new construction deal? Guest Bio Jerome Maldonado is an investor, coach, and serial entrepreneur with a multi-million dollar empire. He is teaching people how to buy land and build houses through his proven 14-step process to make $100k on every build without any experience. Starting from scratch, he struggled for many years to get his business off the ground, but from this, he learned what it really takes to build an empire from the ground up. After years of honing his skills in sales, team building, and real estate concepts, Jerome finally built his first 6 figure business in his 20s. In 1998, Jerome pioneered a new construction company which he took to seven figures, in less than one year. With much success came the need for expansion. Understanding the simple concepts and benefits of leasing real estate, he purchased multi-use retail and commercial property to house his business. Jerome found the traction and confidence which has allowed him to do millions upon millions of dollars in residential and commercial real estate transactions and holdings. For wealth creation, other examples include how he is buying distressed hotels and turning them into multi-family properties, how he sees the rise of e-commerce driving the need for warehouse space over the next 5 years and why he and his team have purchased failing brick and mortar businesses such as Radio Shack, Pier 1 Imports and Modell's Sporting Goods to turn into thriving e-comm businesses, which increases the value of their commercial warehouses. For more information, visit https://jeromemaldonado.com, and find out more about his coaching on YouTube, Facebook and Instagram.

Everything we're seeing in the market right now - the inflation, speculation and irrational investing is the sign of our times. We're in a super bubble, a circumstance rivaled only by the lead up to The Great Depression. Before you think that the government is worried about the inflation hitting your dollars, you have to remember that the Fed created this situation and thrives on it. Those who keep buying into the lie that the market's doing well are just part of the game, and when the music stops, they'll be left holding the bag (a considerably less valuable one). How do you avoid becoming one of these people? Can the Fed be trusted to have our best interests at heart? In this episode, I'm going to talk about this super bubble we're currently in, and the pin that will pop it. Three Things You'll Learn In This Episode Why we're in so much dangerWhat's the difference between a typical bubble and the super bubble we're in right now? How to spot market manipulationDo you truly believe that the market is up right now because of real world circumstances? The only logical strategy in a super bubble?Bonds, equities and real estate are all overpriced, so where do you park your money and keep it safe? Get Your FREE Copy Of 'The Private Money Guide' and 'Mapping Out The Millionaire Mystery'. Keep up with us every week on our FREE Live webinars for more conversations like this, and as a BONUS get our newest mini ebook instantly upon signing up! https://moneyschoolrei.com/wednesday-webinar (digital download). Dive into money, mindset, and motivation videos on my YouTube Channel, and be sure to subscribe so you can be notified of our weekly LIVE streams. Find out about our next weekend workshop, and see what others are saying: https://www.moneyschooltraining.com/registration.

I've said it before, and I'll say it again - anyone who believes that this market will keep going up is either reckless or downright delusional. We're staring down the barrel of the next Great Depression, and what's coming won't be pretty, but there are still many investors exposing themselves to unnecessary risk. How do you increase your chance of success in this knife edge market? How do we take off the rose-tinted glasses and see the market for what it is? In this episode, I'm joined by entrepreneur, fellow investor and founder of Systemate, John Cochran. We talk about the tool he's created to help people build opportunity under any market conditions. Three Things You'll Learn In This Episode How John Cochran solved a business key problem by leaning on systemsMost investors accept the fact that bad deals and losing money comes with the territory. How did John Cochran build a software to increase his probability of success? Why you need to be both a marketing and a follow up beastHow much follow up do you need before a lead turns into a source of business? The problematic thinking that will get many investors in trouble very soonThis market has already hit its peak, but why are so many people still insisting that there's still more upside? Guest Bio John Cochran is an entrepreneur, investor and the founder of real estate technology platform Systemate. He started off his career doing a lot of Rehabbing, then he bought a HUD House for $18.47 and got hooked on Wholesaling homes for fat profits. John is also the founder of one of the fastest growing Real Estate Brokerages in the country "Invest Dayton". His Brokerage is very unique. He has developed a system called Buyers on Fire which automated the entire process of search for a buyer of a property. He is also the founder of The King of Systems, Buyers on Fire and HUD Wholesaling. For more information and to get a free demo of Systemate, visit https://systemate.com

A lot of investors stay in the lane of what they know and when the environment around them changes, they fail to act and pivot. This is the most dangerous market to operate in this way. Monetary policy, inflation and war - these are just a few of the factors putting massive pressure on the economy and our investments. You don't need a crystal ball to see where we're headed financially, and if you're not nimble and investing in stress-tested deals, you'll learn a painful lesson the hard way. How is a seasoned investor who lived through the Recession (and the speculative market highs that preceded it) preparing his portfolio for what's coming? What's really going on with the economy, and how will the situation in Ukraine impact it? In this episode, we're joined by investing legend and author, Neil Timmins. With almost 20 years in the investing game, he's going to share exactly how to survive the rapidly approaching financial storm. Three Things You'll Learn In This Episode The difference between a job and a businessCan we truly call what we do a business if it always requires us to run and thrive? How Neil Timmins gets in and out of deals in 89 daysWhat is the nimblest way to do deals in a crazy market? What Neil is doing to protect his rental portfolio from market volatilityHow do we stress-test our rental deals so that we're sure they are built to cash flow in an inflationary environment? Guest Bio: Neil Timmins is an investing legend, expert and author of "Unicorn Hunting For Investors" and founder of Legacy Impact Partner Program. A true visionary, dreamer, and problem-solver, Neil J. Timmins is on a mission to make a deep personal impact in the lives of his team members and business partners. Neil is committed to establishing a lasting legacy through his work as a real-estate investor and mentor. Neil has been in real estate for nearly 2 decades. He started as a traditional real estate agent with RE/MAX where his team was recognized by the Wall Street Journal as a Top 100 team; he was the #1 RE/MAX Agent in Iowa by 29. Later, he made the transition from realtor to full time investor. Over the course of his career, Neil has been involved in over $300,000,000 in real estate transactions. While he is still the managing broker for a real estate agency in Des Moines Iowa, his primary focus is on real estate investments. Neil's portfolio depth includes assets ranging from houses to industrial properties. The business currently conducts wholesale, wholetail, and fix/flip transactions. Recently, Neil and his team launched the Legacy Impact Partner Program where they partner with fix and flip investors from around the country. Neil's team brings capital to fund and fix rehabs, operational expertise, and years of experience catapulting their partner's business to new heights. For more information visit https://legacyimpactpartners.com/ connect with Neil on LinkedIn. Get a copy of his book Unicorn Hunting for Real Estate Investment Companies: How to Easily Attract, Screen, and Land a Unicorn The Complete Hiring Funnel here

It's hard to imagine a wholesale deal ever making more money than a flip, but when you follow the first rule of wealth, anything is possible. At the heart of a successful wholesale strategy is one fundamental truth - if you can solve people's problems, your business instantly becomes more valuable. Jeremy and Shelly Beland aren't approaching real estate the way a typical investor or agent would, they are helping distressed property owners at a time they need the most support, and the market is thanking them for it. How did Jeremy go from near-broke post 2008 to owning two multimillion dollar businesses? How is his approach to wholesaling generating a ton of deals in a low inventory market? In this episode, business owner, and one half of Couples Flipping Houses, Jeremy shares his incredible story, the value wholesaling brings to the market, and what so many investors are getting so wrong about it - to their own detriment. Three Things You'll Learn In This Episode Jeremy's incredible life story and how he got to where he is todayWhy did Jeremy choose to put his last bit of money into coaching and his first investment deal when most people would be frozen in inaction? Why wholesalers are earning more than flippers and RealtorsMost people can't imagine why someone would sell to a wholesaler instead of through a traditional listing, but this model solves real life problems. What value does a wholesaler bring that a traditional Realtor can't? How smart investors are getting ahead of the looming downturnAs someone who got hit hard by the 2008 crash, what is Jeremy's strategy for coming out of the coming storm stronger and better off financially? Guest Bio Jeremy and his wife Shelly are real estate investors and the founders of Couples Flipping Houses. They started their investing journey back in 2017 as wholesalers and have acquired close to 200 off market properties in 3 different markets. They flip, they wholesale, they wholetale and they have a small but growing rental portfolio. For more information visit https://www.couplesflippinghouses.com and to get a copy of their book on how to wholesale your first property reach out to them directly on Facebook.

Everyone's an investor these days, but when it comes to really solving a problem and truly setting themselves up for wealth, they are competing in a crowded market - swimming in red, shark-infested waters. There is an emerging, blue ocean strategy packed with motivated seller leads that no one is pursuing - senior homeowners. As parents reach old age, people have to deal with the challenges of getting them into an assisted living community and paying for it. For the right entrepreneur, this is a great lead source and an opportunity to help families who really need it. What makes this niche so great for generating quality leads? Why do we have to avoid calling ourselves investors when we're talking to senior sellers and their families? In this episode, I'm joined by founder and CEO of Mom's House, Phillip Vincent. We talk about how to go after these opportunities and generate leads for years and years. Three Things You'll Learn In This Episode The importance of actually caring about your clientsSelling your parents' house and moving them into assisted living is an emotional time. How do we handle this in the most sensitive and respectful way? Why probate is a shrinking, crowded nicheWhat factors make senior homeowners one of the biggest emerging markets for the next few decades? Why you need to be more than an investorHow do traditional investors and even real estate agents put senior sellers off from wanting to work with them? Guest Bio: Phillip Vincent is the founder and CEO of Mom's House. Moms house is the trusted home buyer network for seniors in transition. The traditional real estate experience is broken and doesn't meet the family's need to sell the house without having to invest the time, money, and effort to make the house retail-ready. Eliminating the make-ready process reduces a significant part of the stress for the family, removing the need to hire contractors, get bids, manage a rehab, and find the money needed to pay for the rehab. These all add financial and emotional stress, and more importantly, extend the timeframe to get Mom the care she needs now and to keep her safe. Reducing the risk of falls, improving medication management, and adding intellectual stimulation all help to extend her life and happiness. Making the decision to move mom or dad to senior living is emotional enough. But when you add the stress of downsizing, renovations, and selling the family home – as you know all too well – it can easily become overwhelming. How long will it take to sell? Who will clean everything out? Do we have money to invest in updates? Is mom safe until we can move? The result is often a delayed move-in or worse, the decision to wait altogether. It doesn't have to be this way. Mom's House can help get your move-ins back on track and keep them moving forward to get the senior care sooner. For more information visit https://momshouse.com. Learn how To Tap This BRAND NEW Hidden Lead Source And Turn 33% Of Them Into Deals here. Get Your FREE Copy Of 'The Private Money Guide' and 'Mapping Out The Millionaire Mystery'. Keep up with us every week on our FREE Live webinars for more conversations like this, and as a BONUS get our newest mini ebook instantly upon signing up! https://moneyschoolrei.com/wednesday-webinar (digital download). Dive into money, mindset, and motivation videos on my YouTube Channel, and be sure to subscribe so you can be notified of our weekly LIVE streams. Find out about our next weekend workshop, and see what others are saying: https://www.moneyschooltraining.com/registration.

If you've worked hard, made smart choices and built some wealth, it's more than likely that your kids will never have to worry about money a single day in their lives. But here's the problem: Giving them everything and not instilling the right values in them WILL destroy them. It's easy to give them the keys to the money, what's really hard is teaching them to respect it and understand how it's earned. What are some of the big mistakes that turn kids into spoiled brats? How am I teaching my own daughter about the laws of wealth? In today's episode, I'm sharing the key to raising children who aren't entitled and ungrateful when it comes to money. Three Things You'll Learn In This Episode Lessons I'm teaching my daughter about the laws of moneyTelling our children how money works is one thing, but how do we actually help them apply that knowledge? The big mistake many people are making in the market right nowHow do we avoid getting played by the gurus, fraudsters and scammers who promise unrealistic returns? The hardest lesson our kids have to learn while we're still aroundWhy do we have to think deeply and intentionally about the legacy we're leaving behind.

If you're not really paying attention, the economy looks pretty great right now, but if you're a student of history, there's nothing to celebrate. Signs of a looming economic storm are everywhere, and contrary to what many believe, there's nothing different about this market from the times before the Great Depression, the dot-com bubble and The Great Recession. Economic cycles are inevitable and inescapable, and all signs point to a huge paradigm shift. What are some of the huge red flags we should be paying attention to? How do we get on the right side of financial history? In this episode, I'm going to take you through the history of the economy, and show you why the present day is awfully similar to the late 1920s. Three Things You'll Learn In This Episode A necessary lesson on debt cyclesFinancial markets aren't just ruled by short-term cycles, there are generational cycles at play too. Why do we need to pay close attention to concepts like long-term debt and capital cycles? How conflict affects economic cyclesCould the Russia/Ukraine situation be yet another indicator of a looming financial shift? What we can learn from historic booms and seemingly hot marketsAn overstimulated, highly-indebted market has a breaking point. What are the signs that it's closer than we think? Get Your FREE Copy Of 'The Private Money Guide' and 'Mapping Out The Millionaire Mystery'. Keep up with us every week on our FREE Live webinars for more conversations like this, and as a BONUS get our newest mini ebook instantly upon signing up! https://moneyschoolrei.com/wednesday-webinar (digital download). Dive into money, mindset, and motivation videos on my YouTube Channel and be sure to subscribe so you can be notified of our weekly LIVE streams. Find out about our next weekend workshop, and see what others are saying: https://www.moneyschooltraining.com/registration.

Who we are is what we do every single day. The rules of success are simple: our actions are either constructive or destructive, effective or ineffective - there is no in between. Most people don't have a framework or structure for their habits, so they stay stuck, frustrated, and wanting to achieve their goals without knowing how. How do we break our bad habits and start focusing on the actionable steps that take us to excellence? What's the difference between time management and priority management? In this episode, I'm joined by strategist, consultant, coach, fractional COO, speaker, podcaster and founder of Build Brilliance LLC, Brad A. Milford. We take a deep dive into building constructive habits that lead to freedom. Things You'll Learn In This Episode What holds so many people back from taking actionIn a world with an abundance of educational content, how do we take the necessary step of acting on what we're absorbing? How to pause and evaluate your current habitsBefore you build anything, you need to have a solid foundation. How do we determine if our ladder is leaning against the right wall before we try to level up? Brad's simple framework to go from inaction to brilliant finished productDo we have to expect perfection from ourselves when we try to build a new habit or implement something different? How to find balance between our businesses and familiesWhat's the difference between time management and priority management? Guest Bio- Brad A. Milford is a marketing, sales, and operations expert. His specialty is in business growth strategies. He is also a mindset mastery expert and a high-ticket course product developer for entrepreneurs. A U.S. Navy veteran and world traveler, he has built eight corporations and led, managed, and grown more than 100 businesses from 0-7 figures and beyond. He is the founder of multiple business incubator communities and is best known for the Built for Brilliance Group and the Freedom, Wealth, & Brilliance Mastermind. An author and top podcaster, his global impact continues to expand and he is honored to serve today as a world-class speaker, trainer, consultant, and coach. For more information, visit https://buildbrilliance.net. You can access the Build Brilliance resources page here.