Money School Podcast

The smallest piece of information or a simple strategy can be the missing ingredient to unlocking massive growth in the real estate investor business. If we want to dominate in this game, we have to constantly focus on growth, gaining the knowledge that takes us further and then taking massive action on what we have learned. That requires us to adopt the mindset that we never reach a ceiling of knowledge, and that even the most experienced investors still learn and implement new things. What are some of the banking strategies that can help us maximize profits? Why are community banks great for sourcing money for deals? In this episode, investor and founder of MF Cashflow Mike Fisher shares how he built his 350 door investment portfolio. Three Things You'll Learn In This Episode - The huge benefit of becoming your own bankIf you create and borrow from your own bank, you'll be able to put a lien on your own property without having to deal with liens from an actual bank. - Why community banks are better for sourcing money Smaller community banks are more flexible, and actually give us more negotiating power meaning we can structure the finances of our deals in a way that allows us to maximize profits. - The rental properties that attract tenants in this economyDon't build your rental portfolio based on where you would want to live, especially in this covid economy. People are looking for clean, safe and affordable property, and if you provide that you can bring value to any community. Guest Bio- Mike Fisher is a real estate investor, founder and CEO of MF CashFlow. He started his career as a builder/contractor, and gained 20+ years of experience building customer relationships, negotiating supplier and subcontractor contracts, and performing hands on building, renovations and rehabilitation of homes, apartments and other commercial structures. In 2008, Mike decided to embark on a career in real estate investing, building his own investment portfolio while helping others learn and explore opportunities for developing their own real estate investment strategy. As a dedicated real estate investor, he has developed his personal portfolio to 350 units. Visit https://www.mfcashflow.com/ for more information. Ready to become a Rebel Banker? Click here to learn more about Money School.

Right now, we're living through a very challenging period. Depending on how you view the situation, this coronavirus crash could help set us up to win in the next 6 to 12 months. When we gather information, data and understanding, we gain an advantageous perspective of our situation. Knowledge allows us to stand at the top of the mountain, see all the options and prepare to make a move. If we allow ourselves to drown in negativity, we lose that perspective and ability to turn a negative into a positive. Our guests today have learned this first hand and earned their stripes from the hard knocks of the real estate business. They went from a massive eight-figure success to bankruptcy, before starting over and climbing back up to the top. What are the biggest lessons they learned? Why should we avoid listening to what the media is telling us about this crash? In this episode, we're joined by real estate entrepreneurs, coaches and founders of REI Blueprint, Jason Roberts and Rachel Schneider. They talk about getting up after being knocked down in 2008, and how they managed to keep going. Three Things You'll Learn In This Episode - How to focus on moving forwardTake a look at where you're at honestly, but don't focus solely on the problem. Focus on what is working and what you can do to start moving forward. If we stay stuck in the negativity and fear it's impossible to find solutions. - What we can learn from our guestsPeople think they need a ton of resources and money to get into real estate, but Jason and Rachel are evidence that you can start from nothing and build a really powerful real estate operation. - How to prepare for the coming opportunitiesRight now, the multimillionaires and billionaires of the world are studying what's going on in the market, and getting their cash together in preparation. This is because times like this are the lead up to massive opportunities for growth. Guest Bio- Jason and Rachel are real estate investors, entrepreneurs and the founders of REI Blueprint. They run a top coaching program with the nation's leading investors and own a profitable hard money lending company, with over 2 million dollars in loans out to their coaching students at any given time. For more information visit https://www.reiblueprint.com/ or https://www.facebook.com/reiblueprint/. Ready to become a Rebel Banker? Click here to learn more about Money School.

We're in the midst of the coronavirus crash and a lot of things are changing. Real estate investors are having to pivot into new markets or find new ways to position and use their existing investments. Most people believe that short-term rentals are doomed at this time, but there are actually new opportunities that have emerged as a result of everyone being housebound. Over the summer months, we're going to see a rise in the demand for vacation rental properties. If you're positioned correctly, both geographically and in your marketing, this could be a great opportunity. In this episode, I'm joined by investor and business owner, Avery Carl who shares how she has implemented this strategy in her own business and how to successfully set it up. Three Things You'll Learn In This Episode - How new opportunities in short-term rentals have emerged Many people are so sick of being home and stuck indoors that they might consider socially distanced vacation rentals that are within driving distance. Investors who own properties like this can actually leverage it. - The opportunities with vacation home rentals Vacation rentals have their own special type of loan, where you only have to put down 10% instead of 20%. This allows you to invest in more expensive properties before turning them into short-term vacation rentals. - Why coronavirus is impacting real estate deals Because of all the uncertainty of the coronavirus crash, a lot of deals are falling through. Many people are backing away because they are scared during this time. It means we have to pivot and find new opportunities. Guest Bio- Avery Carl is a real estate agent and investor. She is the owner of The Short Term Shop and helps investors acquire short term rental properties in the most recession-resistant markets, and trains them on the methods that led her out of the corporate rat race and into financial freedom. For more information visit https://theshorttermshop.com/ and click on Schedule a Call. Ready to become a Rebel Banker? Click here to learn more about Money School.

There's no denying that the last few months have been anything but business as usual. While it's been a challenge, we don't have to let that become the whole narrative of this time. We can either view this moment in history as an obstacle or as an opportunity. This is actually a time for us to pivot and take advantage of an opportunity to change the entire course of our lives. But we need to decide and take action like our guest today. This real estate investor took a leap and a chance to make her investing dreams come true, and there's a lot we can learn from her unique story. How have business owners managed to keep going during this difficult time? Why are challenging moments in the real estate market also times of great opportunity, and how do we leverage them? In this episode, I'm joined by investor and coach, Jackie Jackson. We talk about her story and how to navigate these times. Three Things You'll Learn In This Episode - Why it is possible to keep going in difficult times All of the regular business operations that are required for investors are still taking place, and by putting intelligent measures into action, many real estate investors have been able to keep going and even find success during this time. - How to see the opportunity when everyone else is afraid Many of the messages and narratives about it being a bad time for investors are just that - narratives. There's a lot of fear but that doesn't mean those fears are true. People are still going out there and getting business and that's because they believe that the opportunity is there. - The power of investing in mentorship and resources The most successful business owners advocate for getting coaching and mentorship because it's really important and makes a difference in their journey. It's especially important to get coaching from someone who is trustworthy and someone who will transfer their wisdom to you. Guest Bio- Jackie Jackson is CEO and founder of www.TheJackieJackson.com & www.CashFlowYourLife.com, Real Estate Expert, Coach & Mentor and International Television Talk Show personality with a flair for all things fashion and beauty. Jackie empowers her clients with the tools necessary to design their dream life by cash flowing real estate, with Personalized Coaching Plans and Online Courses so you can learn at your own pace, Workshops & Seminars, and sharing lessons learned from interviews with successful real estate investors on The Jackie Jackson Show. Jackie also serves her country as an Officer in the U.S Army Reserves and is a two time recipient of the prestigious Army Commendation Medal (ARCOM). The Commendation Medal is a United States military decoration which is presented for sustained acts of heroism or meritorious service.

Successful investing requires time, energy, and persistence, but those things are meaningless if people don't trust us enough to give us their money in the first place. What truly drives someone's decision to give us their money is our integrity, and the knowledge that their investment is in safe and trustworthy hands. We won't unlock the opportunities if we don't fully understand our moral responsibility to our investing partners. In order to get traction with bigger deals, we need capital, and capital is generated when trust is earned. How does trust make it easier for us to source money for deals? In these tough times where should we be looking to put our money? How do we deprogram limiting beliefs and internal obstacles? In this episode, multifamily investor and expert, Jack Petrick talks about finding opportunity and why success in this business starts with good ethics. Three Things You'll Learn In This Episode - Why we need to take a risk in order to grow Our educational system punishes us when we fail at a subject or don't do well enough. It makes us afraid to make mistakes or fail and we become afraid to risk anything, which hampers our growth. - The 3 barriers of getting into multifamily investing You need to have deal flow, capital (bring money to the table) and a net worth equal to the loan amount. But it's not impossible to get these things in order with the right partnerships and credibility goes a long way to helping get those partnerships. - The moral obligation every investor should have People are not investing in a one-way deal; they are investing in you and your skills, and most importantly your integrity and ethics. It is our responsibility to make sure they always get their capital back, and that no matter what happens, they are made financially whole again. This is just as important as our expertise and experience. Guest Bio- Jack Petrick is a multi-family investor and expert, and owner of Petrick Property Group. He is a full-time apartment investor focusing on equity improvement, value-add turn-around projects, and multifamily apartment buildings. For more information, visit https://www.petrickpropertygroup.com/.

As the Baby Boomers begin to retire, we're experiencing the largest transfer of wealth in modern history. In the midst of both the stock market and main street's decline, we're also on the verge of an overall financial crisis. There has never been a better time to stop believing the lies we've been taught about money. The advice we've been given by our financial advisors, like being 'in it for the long haul' and 'paper losses' simply aren't relevant anymore. How can we take back real control over our money? To regain control of our hard-earned Dollars, we have to become rebel bankers and follow the secrets of the wealthy. In this episode, I discuss how to take charge of your money and make it work for you in today's uncertain times. Three Things You'll Learn In This Episode Having a self-directed IRA in times like these gives us the freedom to use our money the way we want to. We could choose to invest in start-ups that could bring us massive returns - like the next Uber. Real estate is always a good place to invest - as long as we have insurance, it's the only asset that can never go to zero. A specially-designed Whole Life Policy is the Swiss Army Knife of accounts. This is the vehicle the wealthy use to fund a tax-free retirement.

The world is on the cusp of an economic downturn, but we have to remember that this is not the first time we've experienced a market shift, and it certainly won't be the last time we'll find ourselves in this place. Economic cycles are inevitable, so instead of panicking during this period, we need to find ways to adapt. How can we make the most of this period, and what are the hurdles if we've been using other people's money? Is it possible to maintain our ethics in the wake of this force majeure? These obstacles are an unavoidable fact of life, and we have to remember that what doesn't kill us makes us stronger. In this episode, co-owner of High Return Real Estate, LLC, Jack Gibson shares how to survive and thrive in an economic crisis. Three Things You'll Learn In This Episode - Why we need a backup plan when using other people's money As investors we have to uphold our ethics and protect our private lenders, even if it means digging into our own pockets in times of disaster. - How adapting to change makes our success inevitable The entrepreneurs who find ways to adapt now will be the ones who make it in the future. - The critical choice we need to make at a time like this Decide whether the global pandemic is an obstacle or an opportunity. There's no right or wrong answer, but our decision will determine our future. Guest Bio- Jack Gibson is the co-owner of High Return Real Estate, LLC. He is also the co-host of The High Return Real Estate Show podcast. Jack is passionate about the opportunities offered by real estate investing, and today he dedicates his time to mentoring other entrepreneurs, building his real estate investment portfolio and helping other investors build a brighter future through passive real estate income. To find out more about Jack and High Return Real Estate, head to: Highreturnrealestate.com

The road to building a successful business doesn't come without its fair share of challenges, tests and even complete shifts in direction. Events won't always go according to plan, but we can take the lessons we learn and make our businesses stronger as we learn and grow. One challenge we may experience is creating poor business relationships, which leads to many other professional hurdles. How do we identify a good person to partner with? How do we maintain traction when our businesses go through a difficult time? What can we do to get value out of the downtime we're experiencing with lockdowns? In this episode, co-founder and CEO of High Return Real Estate, Jeff Schechter talks about the lessons he's learned building his business. Three Things You'll Learn - Why Real Estate Is a Wealth-Building Staple People are looking for a flight to safety for their money, especially right now since the stock market has become volatile. Real estate will always be an investing staple that maintains cash flow. - The Right Partnerships Support a Successful Business When it comes to the people we work with, shared values will take a business relationship far. If there's a difference in values and ethics, the end result will be disastrous and even financially catastrophic. - The importance of using down time to work on the business Make use of this time to actually work on the business vision and overarching strategy. Normally, we're so busy running our businesses that it's hard to see the 30,000ft view which is necessary for growth. Guest Bio- Jeff is an investor, entrepreneur, podcaster, founder and CEO of High Return Real Estate. Founded with the belief that Real Estate Investors shouldn't have to spend a lot of time and money learning and implementing all of the steps necessary to have a good cash-flowing property. High Return Real Estate LLC is simply the best Turnkey Real Estate investment company in the world. We achieve this by providing superior investment properties with the highest returns to our valued clients, who are always treated with respect and transparency. For more information, visit https://highreturnrealestate.com/.

It's always inspiring to see a young person go after their goals and grow in their skills. Our guest today is a 25 year old Realtor from Toronto who is doing really well, and proving that taking action is important when it comes to the real estate journey. This is especially true in a market like Toronto, which is seeing one of the biggest growth bubbles in the world right now. How is our guest navigating the Toronto market? What are the greatest lessons we can learn from his approach? In this episode, Brett Stein shares his story and how he stays driven to succeed. Three Things We Learned The Toronto Market The epicenter of Toronto is getting a lot bigger because the core centers of the city are getting so expensive, and people need to shift outward in order to afford the real estate. Youth can be a positive asset Being young can be a huge obstacle in real estate, but it doesn't have to hold you back. The key is to battle and show that you're always adding value to clients and being persistent. Imperfect action beats stagnation You're not going to do everything perfectly but the key is getting into action and learning along the way. The biggest mistake you can make is giving up when you hit a difficult period. Guest Bio- Brett Stein is a Real Estate Agent at Slavens & Associates Real Estate Inc in Toronto. For more information visit https://www.linkedin.com/in/brettrstein and follow him on Instagram @brettstein09.

For many people, what's happening in the market right now comes as a shock, but for anyone who has been paying attention, this crash was long overdue. The stock market is cyclical, meaning that it's somewhat predictable. There were certain clues that alluded to the fact that the market was about shift and now we're actually experiencing it. In order to get ahead in the money game, there are simple things we need to understand about the stock market, and actions we can take to protect ourselves. What should you be doing with your money right now so you don't need to ride the financial rollercoaster? In this episode, I share the simple principles of the stock market, how to follow them and use them to guide your actions. Three Things We Learned Markets typically correct in 7-10 years and we were actually long overdue. Individual stocks also work according to these patterns, and if we pay attention to them, we can avoid losing. Markets go down faster than they go up, and you can lose in one day, the returns gained in 11 years.