Money School Podcast

Real estate investing isn't just a wealth building vehicle for people who choose to pursue it full time - it's also the perfect path to passive income for those working a 9-5 job. It's a chance to explore your entrepreneurial style, benefit from the real estate market, and put your unique skills and abilities to good use. Even though investing while you have a full-time job requires a different focus, if you're smart and strategic, you still can gain access to capital and great deals. What holds most people back from pursuing investing, even as a side hustle, is feeling like they don't have the money, but money isn't the issue - mindset is. What is a USDA home loan, and how did my guest today use it to springboard his investing business? What are the most important decisions we have to make if we want our investing operation to succeed? In this episode, entrepreneur, active real estate investor, and host of the podcast, Start FM, Chad Duval shares how he started investing, and how to use real estate as a launching pad for entrepreneurship. Things You'll Learn In This Episode The easiest way to start your investing Househacking is the perfect way for beginners to start dabbling in investing. With this strategy, you would buy a house, and live in it, while also renting out. If you do it properly, your renter will pay the majority of your mortgage payment, and zero cost your biggest expense. How to balance your job with being an investor Managing multiple properties on your own is often difficult and time consuming. It is especially important for 9-5 workers to work with a property management company if they intend to own multiple locations. How to keep property managers honest Good property managers are hard to find, and even the most experienced and successful investors have a hard time hiring people they can trust. Getting a property manager doesn't mean you should take a step back, you still have to do your due diligence and actively track everything they are doing. Why money shouldn't hold you back from investing Money isn't the only thing that makes you a great candidate for investing. There are many other valuable skills, insights and resources that can be an advantage. The advantages include a network of knowledgeable people, or skills in a specific trade. Guest Bio- Chad Duval is an entrepreneur, active real estate investor, business owner and host of the podcast, Start FM. For more information visit http://chadduval.com, and follow @iamchadduval on Instagram.

To most ordinary people, it seems like wealthy people play the finance game from a secret playbook we can't access. They may use tactics that are different to what we've been taught - but the good news is that this knowledge is available and we can leverage it in our own financial plans. Business credit and LLCs are the most common ways that wealthy individuals set themselves up for success in raising money, and protecting themselves financially. On the other hand, we're taught that ANY debt is bad and that we need to be afraid of it. Removing the emotional block we have around debt will allow us to leverage it intelligently and strategically to the benefit of our personal and business life. Why is an LLC such a powerful business and financial vehicle? How do wealthy people use the tax code to their advantage? What are the steps we need to take to build business credit? In this episode, business credit and funding expert, and best selling author of Entrepreneurial Money Secrets, Andrew Rey discusses his unique journey to unlock the powerful financial strategies used by the wealthy. Three Things You'll Learn In This Episode The truth about the world's success stories Some of the richest and most successful people have failed on multiple occasions, and even lost their entire wealth, only to rebuild themselves over time. They don't see their missteps as mistakes or failures, but rather as learning experiences, that helped them course correct and build the right systems for success. Why a corporation is such a powerful financial vehicle A corporation isn't just a business structure, it's a powerful entity that can unlock capital and financial opportunities. A corporation legally has the rights and privileges of a person. It can pay for things and build credit. If we employ it to build and scale our business, we can expand in a way that our own personal credit doesn't allow. How the wealthy play the money game differently The same tax code and financial laws that allow wealthy people to shield themselves through corporate entities and apply intelligent tax strategies is available to all of us. People often feel like leveraging business credit is taking advantage of something, but this isn't the case. We have to remove the mental and emotional blocks around how rich people make money if we want the same strategies to work for us. Guest Bio- Andrew Rey is a Business Credit and Business Funding Expert, Speaker and Best Selling Author of Entrepreneurial Money Secrets: Unlock the Power of Corporate Credit to Leverage Access to Business Capital and Win. His mission is to help business owners start, build and scale their businesses using little known yet highly effective business credit and financing strategies that most people are still completely clueless about. Andrew works with Business Owners, Real Estate Investors and aspiring Business Owners who want to scale their businesses fast and need the cash to make it happen. For more information visit https://www.entrepreneurialmoneysecrets.com and flowbusinessfunding.com. Call 844-440-FLOW for a free 15-minute strategy session. Buy Andrew's book here.

The real estate investor's journey requires uncomfortable sacrifices, especially in the beginning. We have to sacrifice time, money and our own comfort to create a business worth having. The most successful people who came from nothing have faced the tough choice between their immediate financial needs, and the money required to keep the business going for the foreseeable future. For my guest today, that choice was between paying for electricity or paying his assistant. He chose to keep his business running while dealing with discomfort in his own lifestyle. In one year, that sacrifice paid off, taking him from a struggling new investor to a budding commercial empire. What are some of the biggest things aspiring entrepreneurs don't take into account at the start of the journey? How does Tyler build relationships and generate business? In this episode, I'm joined by commercial investor, Tyler Cauble. He shares the hurdles he overcame to become a successful entrepreneur at 28. Three Things You'll Learn In This Episode How to navigate the uncertainty of today's marketReal estate is always going to have cycles and what determines our outcome is our mindset, not the external circumstances. Instead of panicking and pulling back, learn from history, and create a strategy to take advantage of down cycles. You can either have an abundance mentality, or fall apart and miss out on opportunity. Why age shouldn't hold us back in commercial investingCommercial real estate runs on relationships and generally who has been around the longest. In order to break through and start getting deals, boost your credibility by sharing what you do and building relationships through social media. Even if you don't have the relationships and a long track record, young investors can still leverage their social media experience to win. The key mentality that sets successful entrepreneurs apartDiscomfort and sacrifice are a huge part of starting a business. Many people don't succeed because they choose instant gratification over the long-term positive outcome. If we're willing to sacrifice our comfort right now, and focus on what benefits the business, we nurture the mindset that leads to high returns. Guest Bio- Tyler Cauble is Founding Principal and President of The Cauble Group, an East Nashville-based commercial real estate brokerage serving the Greater Nashville Area. He's a native Nashvillian that has not only been a witness to the city's tremendous growth, but is also involved in it through his developments, renovation projects, and volunteer work. As President of The Cauble Group, Tyler helps bring together buyers, sellers, landlords, and tenants in retail, office, industrial, and multi-family real estate. He's committed to helping business owners understand the market so that they can grow their business and be part of Nashville's future. Tyler currently owns 4 office buildings of around 50,000 square feet. For more information, visit https://www.tylercauble.com and follow or DM @commercial_in_nashville.

Personal funding doesn't have to be the barrier that keeps us from becoming real estate investors. One alternate strategy is to tap into other people's money, and we can only do that if we learn to be good stewards of investor capital. Delivering for our investors has to be the most important thing, and at the top of our list of priorities in business. If we set up a win-win scenario for all parties involved, we will never run out of sources of capital and investment opportunities. What are some of the ways we can build trust and credibility with investors? How can investors prepare for what's coming in the market? In this episode, I'm joined by real estate entrepreneur Devin Elder. He shares how he built his business from the ground up to over 2000 doors. Three Things You'll Learn In This Episode Why we shouldn't focus on the cost of capital, but on the opportunity People get hung up on the cost of capital, but it's not the cost of capital that we need to be focused on, it's access to capital. If you don't have access to capital, you're not going to be able to get started. Consider the cost to your business of not doing the deal in the first place. How to create massive trust and credibility If we create trust and credibility with our investors, we create the opportunity to do more deals. One of the most powerful things Devin does is paying his investors a week early. The impact this simple action has on an investor's psychology and trust level is something we can't buy. How to dial in one model so that it works for us The mechanics of multifamily are pretty straight forward, and once the machine is running well, our focus needs to be scaling this winning formula. We often get tempted to get into other investing structures, but we should only do that when the first financial source is dialed in. Guest Bio- Devin Elder is a San Antonio, Texas native, Real Estate entrepreneur, and founder of DJE Texas Group. After graduating with a Bachelor in Business Administration from the University of Texas at San Antonio, he worked for Rackspace, Acelity, and a handful of other small tech companies in Sales, Management, and Operations roles before founding DJE Texas Management Group and transitioning full time to Real Estate entrepreneurship. Today, Devin Elder is a principal in a number of Real Estate investment companies and owns a portfolio of over 600 units of multifamily investment properties. Mr. Elder has been a featured guest on some of the world's leading investment podcasts, Business Insider, and various television programs discussing Real Estate investing. For more information, visit https://djetexas.com.

One of the fundamental truths about investing is that the stock market is incredibly volatile and fickle, and that the people who do well over time opt for a more stable wealth building vehicle. Many investors who were burned in the last recession have worked on building something that is more stable - and very often that's investing in loans. The people who invest in loans often do better than the people who focus on equity investment. In this episode, I talk to an investor whose fund is primarily focused on residential mortgage notes - a vastly untapped and overlooked investing model. How does this model work, and why is it so different to everything else out there? Why are stocks so risky in the market we're in? In this episode, I'm joined by CFO and founder of Aspen Funds, Bob Fraser. He talks about his investing model, and why it's critical to choose a stable investment. Three Things You'll Learn In This Episode The best way to engage with the stock market When the market drops, there is a great opportunity to take advantage of the drop in stock prices. But when we buy stocks, we have to know when to get out. We need to pick our exit point, and be happy with the gains we get, instead of waiting for the highest point of the market. How this market drives the worst kind of inflation Easy money produces asset price inflation which we all consider positive, but it's actually a bad thing. This is what will ultimately drive the drop in the market and the volatility that makes the stock market so risky. Why residential mortgage notes are different Residential mortgage notes are different from investor notes because of how the debt is handled. If an investment property has negative equity on it, the investor is going to give the home back to the lenders. With a residential property, the owner is more likely to stay in the home. Guest Bio- Bob Fraser is the CFO and founder of Aspen Funds. He is on a mission to help investors take advantage of one of the most effective and overlooked avenues of real estate investing: residential mortgage notes. As principal of Aspen Funds, Bob has purchased more than 1,000 mortgage notes earning double-digit annual returns without the risk and volatility of traditional investing options. Bob has 20+ years' experience as a finance and technology executive and is a Magna Cum Laude U.C. Berkeley computer scientist and a former Entrepreneur of the Year Award winner. Bob is responsible for financial management, portfolio modeling, as well as systems and processes, designing and deploying Aspen's scalable state-of-the-art back-end platform. For more information, visit https://aspenfunds.us.

When the market is good, people flood into real estate on the promise of earning tons of money. The problem is, a market this good can only be followed by a huge correction, and newly minted agents who wanted instant gratification will be in for a rude awakening. Real estate is a long-term play, not a path to short term gain. It takes time and hard work to really get traction. My guest today is a young agent who has put in the time and work to succeed in real estate, carving out a niche in one of the most competitive real estate markets - Los Angeles. How did he manage to gain traction in one of the toughest luxury markets? What is he doing to set himself up for success on social media? In this episode, LA Realtor, Blake Stargel shares his story of dedication and hard work, how he's leveraging social media to generate 40% of his deals, and how to prepare for the coming market correction. Three Things You'll Learn In This Episode How to break into a competitive market The key to success in a competitive market like Los Angeles is joining someone who is already established, and working with someone who already knows everything about the properties. Partnerships, networking and relationship-building is key. What we can expect from the real estate market in 2021 Since covid, the world has been flipped upside down. Even though the market is hot right now, a market correction is certainly on its way. The combination of pent up consumer demand, low interest rates and extra cash is causing the bubble we're in right now, but it won't last forever. What we need to be doing right now is preparing for the inevitable shift. The strategy Blake's using to generate deals on Instagram Blake is using his Instagram to not only post content, but to actually connect with potential clients. By sending messages to people who post using hashtags that are relevant to his local area, he's engaging with people organically. Guest Bio- Blake Stargel is a Realtor in Los Angeles. He originally started his career with Berkshire Hathaway in Omaha Nebraska, and he is now with Compass in West Hollywood. As a specialist in the Los Angeles residential market with a focus on the distinctive communities of West Hollywood, Hollywood, Hollywood Hills, Silver Lake, Echo Park and beyond, Blake creates a truly impressive real estate experience. In serving his clients seeking to find their dream home, sell their special residence, secure a lease or capture a strategic investment, Blake specializes in Residential, Luxury and Investment Properties. For more information and to connect follow @blakestargel on Instagram, and visit https://www.facebook.com/BlakeStargelRealEstate.

When a 90-year cycle meets a 40-year downturn, what we can expect is the greatest bubble in history, followed by an adjustment that's literally decades in the making. Bubbles will always burst, and they will always end badly for anyone caught in the financial aftermath. We're about to see a big adjustment in our economy unfold right in front of our eyes, but most people are not only blind to it - but also aren't preparing for it at all. If you study history, you'll always understand what's about to happen next, and if you look at the wealthy, you'll know what you need to be doing right now. What are bright red signs that we're headed for a huge downturn? How can we prepare for what's coming? Why should we stop expecting a soft landing? In this episode, I'm joined by world-renowned financial author and editor, Harry Dent. We talk about why the bubble we're in right now is a cause for concern, and how to gear up for the huge deflationary period that's coming. Three Things You'll Learn In This Episode The root of the crisis we're headed for Instead of lowering interest rates and using stimulus to get the economy going, the US is printing money to offset the downturn. We're printing as much money in 8 months as we usually print in 6 years, and that won't come without some steep and painful consequences, culminating in a deflation crisis. Why certain institutions survive huge market downturns The big mutually owned insurance companies are the tried and true tested institutions that make it through downturns and come out stronger on the other side. They have the money, liquidity, and ability to buy the highest value assets, which positions them for the future. What the Gamestop situation tells us about the economy The Gamestop short sell situation we saw in January is another sign that we're headed for a correction. When you've got too much liquidity in the stock market, and a war between retail investors and hedge funds, that's a sure sign that we're in a bubble, and bubbles always burst. Guest Bio- Harry S. Dent, Jr. is a best-selling author, one of the most outspoken financial editors in America, and Founder of HS Dent Publishing. Using proprietary research, Harry developed a unique method for studying economies around the world, and uses his analysis to provide insights on what to expect in the future. Harry has appeared on "Good Morning America," PBS, CNBC and CNN, Fox News and is a regular guest on Fox Business. He has also been featured in Barron's, Investor's Business Daily, Fortune, U.S. News and World Report, Business Week, The Wall Street Journal, and many other publications. For more information and to sign up for Harry's free newsletter, visit https://harrydent.com.

Human beings have to choose between two paths - conformity or creating an amazing life for ourselves. If we want to build wealth and gain personal freedom, we have to take a journey of clarity and create a life outside of the financial lessons forced upon us. This is where the Infinite Banking Concept comes in. It is a process of creativity and unlimited opportunity that requires changing one thing - where our money goes first. Everytime we spend money outside of IBC, we're losing the interest we could have gained or worse still, we're paying someone else the interest. IBC is a powerful tool that we have never fully realized because we've always been on the borrower side of the equation. We can change that by taking control over our money, and becoming our own bank. How did the IBC come into existence, and how have people used it to invest in themselves and create wealth? What's the one thing people get wrong about IBC? In this episode, I'm joined by financial coaches and Wealth Without Wall Street partners, Russ Morgan and Joey Mure. We talk about the IBC, and why it's a critical piece to creating the life we want. Three Things You'll Learn In This Episode How we can become the bank IBC allows us to participate in a system where we deposit money into an account that we control and own. We could borrow money against that and take over debts and use it to finance our assets. Most people are used to putting money away and not having access to it which shuts their mind off to the opportunities they could have if they controlled their own money. The truth about banks and IBC Banks have billions of dollars in the cash value of life insurance policies. Their vast real estate holdings are actually worth less than the cash value of their insurance policies. They are using financial tools and asset classes differently to what we've been taught. We can take over the function that someone else is benefitting from, so that it serves us and our goals. Why IBC is the first step in building wealth The concept and process of Infinite Banking dies if we think the policy will make us wealthy. What makes the difference is how we make use of that policy to fund our ventures and build our wealth. Don't get lost in the policy, allow the policy to be the first step to unlocking your thinking and start seeing how you can find opportunities Guest Bio- Joey Mure and Russ Morgan are Financial Coaches and Partners at Wealth Without Wall Street. Wealth Without Wall Street provides financial insight and tools to break free of the mindset and bondage of Wall Street. They seek to serve as the standard in financial coaching for real estate professionals all over the nation. Traditional financial planning models limit the contributions, access, and efficiency. The Wealth Without Wall Street team understands fluctuating incomes and uncertain annual (or quarterly) tax bills. For more information on the Wealth Without Wall Street app and inner circle, visit wealthwithoutwallstreet.com/moneyschool.

Finding suitable funding for deals is the biggest hurdle investors face. It's the one thing that holds people back from pursuing real estate as a path to financial freedom. But money doesn't have to be a hurdle if we know where to find it. There are so many creative avenues for financing deals, even if we're just starting out. If we want to move our investing along faster, work smarter and more efficiently, we have to look beyond conventional funding sources. Instead of thinking that one strategy fits every single property, we can tailor unique strategies to each deal. From lease options to joint venture deals, the money we need to invest in properties is easier to access than we think. It all comes down to understanding how money actually works. My guest, Daniel Wood, has identified 25 sources of capital that investors can tap into. What are some of the unique ways we can get the money we need, and how do we structure deals that protect our profitability? What is the "Holy Grail of investing" and how can we implement it? In this episode, entrepreneur, investor, and co-founder of Momentum Property Education, Daniel Wood talks about his international investing operation and shares how new investors are raising money for deals. Three Things You'll Learn In This Episode Why we should always consider the buy-and-hold option On average, properties double in value over 7-10 years if we're buying in good areas. If we sell a property that's good enough to keep, we give up equity and the cash flow we could have been making, as well as the chance to refinance and buy more property. The one funding source that gets new investors into financial trouble When we borrow money from friends and family, we have to be careful not to bring them in at a fixed interest rate. The compound effect is a powerful force, but when the interest rate we're paying is higher than the income we're making, the compound effect works against us. How to get funding through friends and family without compromising our profitThere isn't just one way to finance deals through our friends and family. Instead of borrowing money from them, we can set up a joint venture with an option for us to buy them out. This way we aren't exposed to the high-interest rates that cause many new investors to lose money and struggle. Guest Bio- Daniel Wood is an entrepreneur, property investor, coach and podcast host and co-founder of Momentum Property Education. He has over 10 years experience in business and he specializes in raising finance. He has co-founded 6 companies together with his wife Gisela. Daniel is also the CEO and chairman of the board of the Swedish Wealth Institute AB that supports entrepreneurs and investors by bringing the teaching of experts from all over the world to the Nordics, among the partners they work with are Rich Dad Organisation, Kim Kiyosaki, Randy Zuckerberg, Success Resources, and through them Tony Robbins. For more information, visit https://momentumpropertyeducation.com, like Momentum Property Education on Facebook, and listen to the Momentum Investing podcast on your preferred platform.

The most lucrative and profitable part of real estate takes place right in front of agents, but the opportunities often pass them by. While they are exposed to wealth distribution, a very small number of agents are able to experience true wealth and retire comfortably. To change this in a meaningful way, real estate agents need to start participating in the conversation around asset building and focus on building a legacy. Agents already bring so much value to the table. They can use their talents and strengths to acquire assets and create abundance. How can we become part of the wealth conversation in real estate? What is this current market telling us about what's on the horizon? In this episode, I'm joined by entrepreneur, founder of Legacy Beyond Listings, and author of the book "Assets, Acquisitions, & Abundance", Joe Bell. He talks about a key component real estate professionals are missing out on, and why this is the perfect time to prepare to take new territory. Three Things You'll Learn In This Episode The truth about this so-called great market On the surface, it looks like this great market is going to last. We need to remember that there are a lot of dynamics underneath the bubble that we're in right now that many people can't see. Instead of paying attention to the low-interest rates, we need to be paying attention to the job and income uncertainty and the fact that the pandemic economy is nowhere near over. How to be a part of the wealth distribution of real estate Real estate agents are perfectly positioned to take a slice of the wealth distribution of real estate. The most powerful thing we can do right now is to invest in an asset. Even if there's a pullback in that asset in the immediate future, we'll still have a foundation that can help us create wealth. If you maintain the asset, you will win out in the end. What we need to be doing in today's market The economy and environment we're in are painting the picture that making money in real estate will always be easy. The success that's coming from the low-interest rates and busy market won't last. What we need to do right now is prepare for the inevitable downturn, instead of spending what we've made. Guest Bio- Joe Bell is an expert at helping Real Estate Professionals build legacy, retirement, and wealth. He's the founder of Legacy Beyond Listings, and author of the book "Assets, Acquisitions, & Abundance: A Guide To Building True Wealth & Legacy Through Real Estate". Joe is passionate about serving real estate professionals, helping them achieve market domination and build true wealth in their lives through smart real estate investments. In addition, Joe also has his own real estate firm, is an experienced Broker and Investor himself, as well as owning other companies. He's been named in the "Top 40 Under 40" in Alaska and has been featured in places such as ABC, NBC, Digital Journal, Investor Place, and more. For more information, visit http://www.legacybeyondlistings.com.