Money School Podcast

Very few people in our world are able to live their perfect life. Instead of living authentically, most people are miserable and over-burdened in their daily lives. It goes back to how we were programmed as kids. We're taught to conform, not to take risks, and even when we're encouraged to dream big, those same people also tell us to be realistic. The result? A world filled with angry people who feel like they are living a lie and generations of people who wish they had something different. We're owned by systems we don't even believe in, and until we break free from them, our lives will never truly be ours. How do we break out of the programming of fear, conformity and dishonesty? What is the root of the misery and depression that's so high in our society? How do we create a life we are actually excited about? In this episode, I'm joined by best selling author, strategic business coach, life changing keynote speaker, and founder of Lions Not Sheep, Sean Whalen. He talks about the challenges he faced in his life, and how he overcame them by discovering and living his truth. Three Things You'll Learn In This Episode The truth behind the anger we're seeing in our society We're living in a bubble of anger. The culture we exist in, the society we live in, and the media we consume has forced us to conform and fit in. People end up angry because they are tired of being told what to, and can't figure out what they really want for themselves. Why motivation is meaningless Motivation isn't what drives us to make a change in our life. If our current reality is uncomfortable enough, stings us and bothers us enough we will get into action and change our lives. No amount of self-help books and motivational videos will take the place of a personal internal drive to make things better. The first step to creating the life you want The hardest question to answer for ourselves is what we want, but it's also the most important. If we want to escape the bubble of conformity, we have to be honest with ourselves about what we want out of our lives outside of society's expectations. Once we know the life that we want, we can boldly go after it and create it. Guest Bio- Sean Whalen is a best selling author, strategic business coach, social media and marketing genius, and life changing keynote speaker. He is the founder and CEO of Lions Not Sheep, the Lions Not Sheep Experience and the author of How To Make Shit Happen. When not speaking, coaching or working with his clients, Sean can be found riding horses with his daughter, racing off road trucks with his sons, shooting guns from his collection or traveling the world in search of the finest whiskey and cigar. For more information, visit https://seanwhalen.com and https://www.lionsnotsheep.com.

The journey to financial freedom begins when we learn the truth about money, see what the wealthy do with it, and most importantly, implement it in our own lives. We're currently living through some of the most economically volatile times in our nation's history. Times of great uncertainty are also times of great opportunity. These are the times that turn people into millionaires and set them up for a future without financial stress. How we navigate this current economy can be the key to wealth, freedom, and legacy. We created The Money School Essentials event to help you gain the knowledge that will change your financial reality. What can you expect from our line-up of coaches? What are the 3 pillars of The Money School we teach our students? Should we take advantage of the stock market highs we're seeing right now? Today's episode of Real Estate Money School is special because it's our 100th episode. I'm joined by one of my business partners Stephen Nagy to discuss our upcoming event and the most important strategies for taking control of your money. Three Things You'll Learn In This Episode What the stock market tells us about the near future The stock market is very high right now, but that doesn't mean we should be investing in it. With speculation so high, this is when we should be most cautious. There are so many alarm bells and signs that a drop in the market is coming. The best thing we can do right now is to prepare for a downturn. How to navigate the biggest challenges of real estate The two things stopping people from getting into real estate are the concept of property ownership and a perceived lack of funds. The truth is, you can get into real estate with little to no money, and you can make a substantial profit by just being the person who finds the deals. Why our money is useless when it's not in motion In order for our money to work for us and for us to get the benefits of compound interest, it has to be in motion. If our money sits still, we can't apply it to any wealth-building strategies or use it to create freedom for ourselves. Becoming your own bank is the most powerful way to put your money into action. Guest Bio- Stephen Nagy is a real estate and financial professional, business and investing consultant, speaker and trainer, partner at The Money School, and professional Realtor at Waterfront Properties. To sign up for The Money School Essentials 3-day virtual event on January 22nd - 24th 2021 and get a free t-shirt, visit https://www.moneyschooltraining.com/registration.

Conventional financial advice dictates that we should save everything, spend nothing, let compound interest work for us and hope that will give us a good life. The sad truth is, this is a big lie financial advisors get people to buy into. Instead of parking our money, making it work hard for us is the true path to financial independence and freedom. There's a huge difference between accumulation and acceleration. When we put money in motion, we create a powerful tailwind that gives us control, and makes it possible for us to live our dream life. It makes it possible for us to get out of the rat race and work because we want to, not because we have to. How does the concept of compound interest do us a huge disservice as investors? Why should we be flexible when it comes to the strategies of financial freedom? In this episode, I'm joined by cash flow expert, author, and founder of Money Ripples, and the Anti-Financial Advisor, Chris Miles. He talks about his journey, retiring twice and how to use our money to create the life we want. Three Things You'll Learn In This Episode Why accumulating money actually puts us at a disadvantage We're often told to focus on accumulating money, and to enjoy the fruits of compound interest, but that isn't the best way to gain financial freedom. If we park our money, it's hard to get it to work for us. The wealthiest and most successful people in the world, and even banks keep their money in motion. The importance of being flexible as an investor Strategies and tactics are not absolutes, we have to be flexible about them. When it comes to what it takes to gain financial freedom, the strategies change with circumstances or time. What remains the same are the principles and fundamentals. As long as we stick to the fundamentals, there is room to shift strategies. Why we have to choose our advisors wisely Be careful of who you take financial advice from. We have to follow the advice of people who are living the life we want, the people who are living our perfect day. Many financial advisors don't take the advice they give their clients, or follow the strategies they tell people to follow. Guest Bio- Chris Miles "the Anti-Financial Advisor" is a Cash Flow Expert, author of Beyond Rice & Beans and founder of Money Ripples. He teaches entrepreneurs and professionals how to get their money working for them TODAY! He's also the podcast host of The Chris Miles Money Show, and he has been featured in US News, CNN Money, EOFire, and has a proven reputation of getting his clients fast financial results. For more information visit http://moneyripples.com.

The real estate investing game is all about relationships. We need to have relationships with our community, the sellers, our private lenders and bankers. Those relationships are impacted by one thing, credibility. People often focus only on the idea that a good deal is enough to persuade a private lender. The truth is, if we don't have a reputation of competence and integrity, even the best deal would be dead in the water. Not only does credibility make us more attractive to lenders now, it will compound and create a solid track record in the future. How do we make sure we're always upholding our integrity, even when deals go south? What are some of the ways investors destroy their reputations? In this episode, I'm joined by real estate entrepreneur, coach, speaker, and host of the podcast, Latinos in Real Estate Investing, Martin Perdomo. We talk about an important but often overlooked aspect of being an investor. Three Things You'll Learn In This Episode The power of multi-family investing In multi-family, you control the value of the asset based on how good of a business person you are. The better we are at managing the asset and increasing its value, the better the investment becomes, and the more credibility we have in our markets. Why credibility matters in this business Investors don't just look at how good the deal is to determine if they want to get involved, they are also looking at us as people. Our credibility and reputation is important, because that determines whether we can not only give them a return on their investment, but a return of the money they invested with us in the first place. How to put our private lenders first in everything we do Things don't always go well with our investments, and if we're using other people's money, our first priority should be making the investor whole again. It's better for us to lose our own money than to lose the investors money, and destroy our reputation in the process. As an investor, you have to be committed to doing the right thing even when it hurts. Guest Bio- Martin Perdomo "The Elite Strategist" is a real estate entrepreneur and investor, coach, speaker, mentor and host of Latinos in Real estate Investing. He's the founder of Elite Sales Consulting Group. Martin has been investing since 2007, specializing in the BRRRR strategy. He is also the founder and host of the Stroudsburg Real Estate Investors club. With his leadership, the group has grown to over three hundred members in less than two years. His real estate investing firm operates over five million dollars in assets and Martin helps investors get above average returns by investing passively in multifamily real estate. To learn more about Martin and his coaching programs visit https://stroudsburgrei.com and follow @elitestrategist on Instagram

Success in real estate investing is all about following a formula, but a lot of the training out there only focuses on what to do when everything goes right. More often than not, we have to learn what not to do, and how to avoid the common pitfalls so many investors have had to experience the hard way. Some of the most successful investors have learned from the mistakes they made early on. From how to mitigate risk with contractors, how to structure our businesses to avoid being at the mercy of banks and the power of coaching, there are so many important aspects of being successful that are overlooked. My guest today is an investor who, like many of us, has learned the biggest lessons the hard way, and is now teaching others so they don't fall into the same traps. What is the biggest Achilles heel for a real estate investor? How do we structure our investment businesses to protect ourselves from risk? In this episode, experienced investor and coach, Brain Adamson talks about his evolution as an investor. Three Things You'll Learn In This Episode The one thing that gets investors in trouble Contractors are absolutely the toughest part of running an investing business, and one of the most important skills we can gain early is streamlining this part of the business. We have to learn how to mitigate our risk with contractors, how to draw contracts to keep them honest, and quickly part ways with bad contractors. How to build asset protection into our operations One of the biggest mistakes new investors make is buying properties and operating in our own names, instead of protecting our assets by creating separate entities and LLCs. That way, if anything happens with the bank, we're fortified from it. Why coaching and mentorship are so important People are the most valuable resource for any real estate investor. One of the most important relationships we will ever have is with our coaches or mentors. The wisdom of other people will help us navigate investing with fewer challenges, and streamline our operations. Guest Bio- Brian Adamson is an Experienced Real Estate Investor & Educator at BBR EDUCATION GROUP. He has a demonstrated history of successfully purchasing more than 50 properties each year, and he created a program that helps other investors all over the world do the same. For more information follow @brian_adamson1 on Instagram and visit https://www.iflip.university/ to sign up for Brian's free mini-course.

Real estate is a powerful vehicle for cash flow and financial freedom, but any investor will tell you the worst part of it is dealing with houses. Luckily, there is another way to invest that gives us the benefits without the headaches, and it's largely under the radar. What if you could get all the great things about investing without the hassle of homes, lenders, contractors, building inspectors and tenants? This is where land flipping comes in. This strategy allows you to do everything you can with houses, without the most complicating factor in real estate. The beauty of land is that it can be done 100% virtually, and we can layer it in with other wealth creation vehicles to drive more cash flow. How can we get started in land flipping? Why is it so much simpler than traditional real estate investing? How can we find buyers for land deals? In this episode, I'm joined by Jack Bosch. He is an investor, business owner, coach and creator of the leading Real Estate Land Flipping Course, The Land Profit Generator. He shares why we shouldn't overlook land flipping as another weapon to add to our investing arsenal. Three Things You'll Learn In This Episode How to multiply our wealth building opportunities The mistake most people make is relying on only one source of income to feed their investing efforts. If we want to build true financial independence, we have to play both offense and defense. We have to build something that spits out cash rapidly so we can use those assets and roll them over into other assets. The difference between investing in homes and in land Most complications in real estate investing are caused by the homes themselves. From the challenges of flipping and dealing with contractors, to home repairs, difficult tenants, and home inspectors, houses are the most unpredictable part of being a real estate investor. With land investing, we can avoid all of these problems and unlock pure hassle-free cash flow. Why most land listings don't attract buyers When creating listings for land, don't focus on photographs the way you would with a home. People can easily find photos on Google Earth and Google Street View. What we need to do is create a listing that jumps off the screen by telling a story. People buy land because of what they're planning to do with it, so our listings have to appeal to their dreams. Guest Bio- Jack Bosch is an experienced business owner, entrepreneur, real estate investor, respected industry leader, speaker, educator, and perhaps most importantly a parent and husband. He and his wife Michelle, are the creators of the leading Real Estate Land Flipping Course, The Land Profit Generator. The Land Profit Generator has produced a record number of successful land flipping business owners. In addition, the LPG team offers the most comprehensive Land Flipping Coaching Program in existence. Jack is also the author of the bestselling financial literacy book "Forever Cash". For more information, visit https://www.landprofitgenerator.com, join the group https://www.facebook.com/groups/LandProfitGenerator

The stock market crash in March sent shockwaves and fear through institutional investors and triggered a flight to safety and a flurry of real estate investing. Seeing so much activity in the market can trick many people into believing that everything is back to normal. But the smartest investors know the economy isn't quite out of the woods yet. As investors, we have two options right now. We can either follow the crowd or we can wait. The smart play is to wait for the noise to clear and to remain fearful while others are being greedy. We have to see the market without rose-tinted glasses, and define opportunities based on the reality that the market is going to get worse before it truly gets better. Why should we do the opposite of what institutional investors are doing? What does it take to win right now? How do we find where the opportunities in real estate actually are? In this episode, I'm joined by investment advisor, real estate capital markets expert, and CEO of CapStack Partners, David Blatt. We talk about how investors should be thinking of the market we're currently in, and how to navigate it. Three Things You'll Learn In This Episode How to navigate opportunities in the covid-19 market When the stock market took a hit in March, most institutional investors took their money out and looked for a safer place. That created a wave of real estate investing, which is very good for us. Right now, we have to sit back and wait for that first wave of money to settle. The real opportunities will present themselves later and that's when we'll be able to take advantage of them because the big money is already spent. Why the market hasn't actually recovered (even though it looks like it) Anyone who thinks the market has recovered from the crash in March isn't reading the signs of the market. The stimulus and other financial solutions are just temporary fixes, not real solutions. The aspects that have supported the market in the near-term are not long-lasting. At the core, the actual injury our economy sustained in March hasn't been dealt with, and it will soon show. How to determine our investment strategy in this market There are going to be different opportunities we can slot into right now. Where we choose to invest our money is going to be determined by what our goals are and our time horizon. We have to invest based on whether we're looking for near-term stable cash flow or significant value appreciation. Guest Bio- David Blatt is an advisor, Real Estate Capital Markets Expert, International Public Speaker and CEO of CapStack Partners, a leading real estate debt solutions advisory firm in New York. He is focused on helping real estate clients find debt solutions, including project financing, loan sales & syndications, and loan workouts and restructuring. He has hosted the real estate investment podcast, "Make the Deal: Real Estate Investing with David Blatt" and has been a regular contributor to New York's top commercial real estate trade publication, Commercial Observer. He is a frequent public speaker on entrepreneurship, innovation and capital & investment trends in real estate and has spoken at top real estate conferences such as: IMN, Real Estate Finance & Investment Institutional Investor Forum and GlobeSt.com's RealShare Annual Conference, among others. Blatt has been frequently sourced by national business and real estate trade outlets, including the Financial Times, LA Times, GlobeSt, Commercial Observer and The Real Deal for his expert opinions on how to make good investment decisions, how to effectively negotiate and structure deals and where to invest in the real estate industry. David has also been a guest on such Youtube shows as Grant Cardone, Jake and Gino, CEO Money, as well as podcasts such as Embracing Uncertainty. For more info and to connect with David, visit https://www.linkedin.com/in/davidblatt-capstackceo/.

Hard money lenders are one of the most common sources of funding for investors, but not all lenders are created equal. With many in the business, there's no personal relationship and investors are nothing more than a number and a piece of paper. The impersonal nature of such a relationship can be a huge disadvantage. But there are hard money lenders who are doing things differently. They have found the perfect middle ground between the big money of institutional lenders and the personal touch of a private lender or community bank. This offers a lot of advantages investors wouldn't get in any other lender relationship. How do we structure deals that will win the favor of lenders? What are the disadvantages of working with big institutional hard money lenders? What makes an impact on whether or not hard lenders decide to fund our deals? How can we influence a quick decision in our favor? In this episode, hard money lender and Hard Money Bankers partner, Ryan Walsh shares how to increase our chances of getting hard money loans and how covid has changed lending. Three Things You'll Learn In This Episode Why we can't trust the promise of low rates from institutional lenders Big hard money lenders promise us a lower rate at the beginning. However, by the time we get to the closing table, the lender often switches things up and we get stuck with a higher rate. Unfortunately, when we are so far into the process it's hard to say no and we get stuck with unfavorable terms. Why it's dangerous for new investors to go the auction route It's not recommended for inexperienced lenders to get deals through auctions. Even if we win the property and manage to get it funded, it might take months for us to get access to it or start working on it. The last thing we want in that case is to have a hard money loan that's racking up interest without usable property. How covid has impacted lender decision making Banks have significantly cut back on 100% loans because they worry that an investor with no skin in the game won't honor the loan. Having your own money in the deal puts the lender at ease because they feel the borrower is more obligated not to jump ship. Guest Bio- Ryan Walsh is a private/hard money lender and Real Estate investor in the New Jersey, Pennsylvania, Delaware, Maryland, Washington DC and NVA Market. Coming from a business development background, starting multiple businesses, and working with companies such as NBC on multimillion dollar projects, Ryan is now Vice President of Hard Money Bankers NJ/DE. Ryan is on a mission to prove that Hard Money Lending isn't as hard as many think! He is a direct lender with the inside scoop on what lenders are looking for in potential customers and what tips to keep in mind even if you are new to the real estate investment world! A conversation with Ryan is an opportunity to learn the best ways to get started or grow a business using other people's money. He walks you through how to be a successful marketer in today's world. For more information visit https://hardmoneybankers.com email ryan@hardmoneybankers.com or call (201) 345-1036.

For many people, the covid-19 crisis has been a huge financial obstacle and a total departure from what we consider normal. But at the same time, there are investors who are crushing it right now. There are people who see opportunity at a time where everyone else is fearful. What makes them different to everyone else? They don't follow the herd. They have defined what opportunity looks like, and they engage with the market on their own terms. Successful people read the signs in the economy and adjust their strategies accordingly. We can learn from successful investors and win like them by mimicking what they do. What rules have they set and how do they engage with the economy so they never lose money? In this episode, I share the investing strategies of investors who are winning right now. Three Things You'll Learn In This Episode The market is not going up, its performance is being fueled by speculation. Things are actually not getting better because the underlying problem has not gone away. Don't invest on the speculation that market conditions are improving. The people who are winning right now saw this market fallout coming. They know that the market has predictable, rhythmic patterns. They saw the patterns and signs and prepared. The people who are losing are the ones who are buying and holding without a clear exit strategy. Create a set of rules for when you will get out of the market so you don't lose money.

Real estate asset classes like retail and multi-family used to be the crown jewels of investing. Now they are volatile and even declining in today's economy. The same market shifts that have made these asset classes fall out of economic favor have benefitted one asset class in particular, self-storage. In 2020, it has emerged as the most attractive pivot in commercial real estate. The economics don't support self-storage becoming irrelevant any time soon, meaning it still has a lot of opportunity, even for new investors. How have the changes brought on by Covid-19 made self-storage even more compelling for investors? What are the downsides of self-storage and how do we avoid them? In this episode, I'm joined by entrepreneur, self-storage investor and best-selling author, AJ Osborne. He shares powerful insights on self-storage, why investors love it, and how to lower your risk in self-storage investing. Three Things You'll Learn In This Episode Why there's a growing demand for self-storage As real estate prices rise, our ability to hold as much as we consume has shrunk both individually and commercially. With businesses and channels of distribution becoming more decentralized, holding onto retail and warehouse space becomes less necessary, making self-storage the best way to keep possessions and inventory. The ease of self-storage investing next to other asset classes Apartment building investing is highly competitive and near-impossible to cash flow right now. Additionally there's a lot of costs and details involved in multi-families. Storage is affordable to build and easy to maintain and manage. Storage units can offer us stability through diversification, each size of storage unit is a product which attracts a different customer. How to lower the risk of self-storage investing Demand is the one thing that will kill you in self-storage investing. Because it's become such an in-demand model, we can risk falling into the trap of an over-built and over crowded market. Before you consider getting into any market, validate and confirm both current and future demand. Guest Bio- AJ Osborne is an American entrepreneur, businessman, and investor who owns and manages his self storage portfolio of over $100 million of assets through his companies Bitterroot Holdings, Cedar Creek Wealth, and Clear Water Benefits. He's the owner and host of the largest self storage podcast, Self Storage Income, and author of the bestseller, The Investors Guide to Growing Wealth in Self Storage: The Step-By-Step Playbook for Turning a Real Estate Asset Into a Thriving Self Storage Business. As an operator and private owner with over 1.2 million square feet of self storage, he regularly keynotes at national conferences on operations related to investing in, buying, and managing self storage facilities. AJ specializes in acquiring and turning around underperforming facilities with a value-add strategy, and loves to show other entrepreneurs and investors how to focus on technology and self storage automation. For more information, visit https://selfstorageincome.com, follow @selfstorageincome on Instagram and buy the book here.