How can you leverage community-driven real estate investments to achieve financial freedom and mitigate risks?
In this episode, Yonah sits down with real estate investor Brian Davis to share his journey from a hard money lender to co-founding Spark Rental. Brian delves into his early missteps, the impact of the 2008 financial crisis, and his eventual pivot to passive real estate investments and syndications. He reveals the intricacies of managing an investment club that democratizes access to high-return real estate deals, providing valuable lessons on financial independence, diversification, and the power of community in investing.
[00:01 - 07:14] The Accidental Investor
- Starting a career in real estate with no prior knowledge
- Hard money lending provided Brian with insights into real estate investing
- The mid-2000s real estate boom
[07:15 - 14:12] A Real Estate Wake-Up Call
- What can lead to negative cash flow during economic downturns
- Why Brian was forced to rethink his investment strategies
- Pivoting to a job with an e-commerce company helped Brian learn new skills
[14:13 - 21:16] From Landlord to Investor
- Selling off non-performing properties can be a strategic move
- Transitioning to teaching real estate investing and property management
- Realizing the need for passive investment strategies and co-investing
[21:17 - 28:06] The Birth of Spark Rental
- Building an investment club to democratize access to real estate syndications
- Emphasizing inclusivity by accepting non-accredited investors
- Leveraging community knowledge for better investment decisions
[28:07 - 35:29] Living Abroad and Investing at Home
- Pros and cons of living overseas while running a U.S.-based business
- The importance of maintaining industry connections
- Balancing personal life and business in a foreign country
Connect with Brian:
LinkedIn: https://www.linkedin.com/in/g-brian-davis
Email: brian@sparkrental.com
LEAVE A 5-STAR REVIEW by clicking this link.
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Tweetable Quotes:
"We believe everyone should have the opportunity to invest and grow their wealth."- Brian Davis
"Investing as part of a community allows you to benefit from the collective experience and insights of the entire group." - Brian Davis
How can understanding tenant dynamics transform the profitability and management of multifamily properties?
In this episode, Rena Myers, a seasoned multifamily property management expert, discloses her journey from working with a rapidly growing property management company to managing thousands of apartments across different states. She delves into the four pillars of multifamily profitability and provides practical insights on optimizing rent, increasing occupancy, reducing delinquency, and controlling operational expenses. This episode is packed with valuable advice for anyone involved in or aspiring to join the multifamily real estate industry.
[00:01 - 07:02] The Beginning of Rena's Journey
- The start with a growing property management company
- Learning and growth through hands-on experience
- Transition to managing third-party properties
[07:03 - 14:45] Handling a Mixed-Use Property
- Managing a property with diverse tenant demographics
- Challenges and strategies in a college community
- Turning around a financially struggling property
[14:44 - 21:47] The Four Pillars of Multifamily Profitability
- Optimizing rent and increasing occupancy
- Reducing delinquency and controlling operational expenses
- Importance of balancing occupancy and delinquency rates
[21:48 - 29:05] Marketing and Technology in Property Management
- Utilizing Facebook Marketplace and Google reviews
- The role of social media in attracting tenants
- Challenges and benefits of using AI in leasing
[09:06 - 37:38] Tailoring Amenities and Tenant Events
- Customizing amenities to tenant demographics
- Organizing tenant events to build community
- Importance of tenant-centric management
Connect with Rena:
LinkedIn: https://www.linkedin.com/in/rena-myers/
LEAVE A 5-STAR REVIEW by clicking this link.
WHERE CAN I LEARN MORE?
Be sure to follow me on the below platforms:
Subscribe to the podcast on Apple, Spotify, Google, or Stitcher.
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Tweetable Quotes:
"If you don't have health, you don't have anything." – Rena Myers
"Optimizing rent and increasing occupancy are fundamental, but they must go hand in hand with reducing delinquency and controlling operational expenses." – Rena Myers
What impact does embracing humor and networking have on your corporate career and entrepreneurial journey?
Today, host Yonah welcomes the dynamic and humorous Murray Beaulieu. With a rich background in the army, high tech, and finance, Murray shares his unique journey from corporate life to entrepreneurship. Known for his knack for networking and injecting levity into the corporate environment, Murray offers insightful anecdotes and practical advice on the importance of building relationships, understanding business credit, and leveraging one's network for success. This conversation is filled with laughter, wisdom, and invaluable tips for anyone navigating the complex worlds of corporate and entrepreneurial endeavors.
[00:01 - 08:18] From Army Veteran to High Tech Guru
- The importance of discipline and leadership in corporate roles
- Transitioning from military to high tech and the value of adaptability
- Insights into operations and finance within Fortune 500 companies
[08:19 - 16:07] Humor and Networking in the Corporate World
- Using humor to break the monotony and build connections
- The art of networking within a large organization
- Strategies for influencing without authority
[16:08 - 24:01] Financial Consulting and Entrepreneurial Shift
- The shift from corporate finance to entrepreneurial endeavors
- Importance of financial literacy and business credit
- Benefits of separating personal and business finances
[24:02 - 32:38] Building Business Credit and Financial Independence
- Strategies for building a strong business credit profile
- Differences between personal and business credit
- Minimizing personal guarantees to protect personal assets
[32:39 - 37:11] The Power of Delegation and Continuous Learning
- Leveraging your network for business growth
- Importance of delegating tasks and focusing on strategic goals
- Continuous learning and adapting to new challenges
Connect with Murray:
Website: https://www.trebuchetsolutions.com/
LinkedIn: https://www.linkedin.com/in/murraybeaulieu/
LEAVE A 5-STAR REVIEW by clicking this link.
WHERE CAN I LEARN MORE?
Be sure to follow me on the below platforms:
Subscribe to the podcast on Apple, Spotify, Google, or Stitcher.
None of this could be possible without the awesome team at Buzzsprout. They make it easy to get your show listed on every major podcast platform.
Tweetable Quotes:
"Networking is crucial in a big company; you have to influence people who don't work for you to get things done." – Murray Beaulieu
"Humor breaks the monotony and fosters better relationships in the workplace." – Murray Beaulieu
In this milestone 400th episode of Weiss Advice, host Yonah brings together a remarkable group of past guests to share their most valuable insights and experiences. This reunion episode is a treasure trove of wisdom, covering everything from personal growth and resilience to the impact of AI and the power of genuine relationships. Join us as we celebrate the journey of Weiss Advice and delve into the minds of some of the most successful and inspiring individuals in the real estate and business world.
[00:01 - 02:08] A Very Special Episode
- I welcome my guests to the show
- 400 episodes of Weiss Advice
[02:09 - 01:05:29] Episode 400 Bonanza!
- Mark Jensen
- A prime time for commercial real estate
- Amy Sylvis
- Recommends "The Go-Giver" by Bob Burg
- Matt Picheny
- The importance of cultivating relationships
- Ira Zlotowitz
- Incorporate AI into your business
- Dan Lewkowicz
- Focus on providing value
- Kelly Iannone
- Start small and start now
- Adam Gower
- Be ready for the market dislocation
- Monick Halm
- The purpose of the goal is to shape who you become
- Casey Mericle
- Zag when other people are zigging
- Bryant Dawson
- Get in, get started and staty consistent
- Lauren Aumond
- People that look rich aren't
- Teshra Robles
- Spend one hour a week with your money
- Julie Holly
- Live into your special unique talents
- Lonny Wolfe
- Be you, titles mean nothing
- Thomas Castelli
- How to offset your active business income
- Michael Plaks
- Focus more on your core and less on taxes
- Flint Jamison
- Take actions on the data that you have today
- Jeff Hoch
- Before you're interesting, be interested
- Shelon Hutch
- Improve your attitude towards the world
- Reid Bennett
- Now is the time for commercial real estate
- Yosef Lee
- Count your remaining summers with your kids
- Bob Knakal
- The AI real estate company
- Linda Lim
- Every day is the right timing,
- Nick Stromwall
- To become who you want to be, take risks
- Donna Reid
- It's not what you say, it's how you say it
- Jason Balara
- Know your why
- Vessi Kapoulian
- Never give up
- Rebekah Taylor
- Make your priorities now
- Esther Reizes
- Just take action
[01:05:30 - 01:07:43] Closing Segment
- Final words
LEAVE A 5-STAR REVIEW by clicking this link.
WHERE CAN I LEARN MORE?
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How can you turn personal finances into your ultimate business strategy for life freedom?
This week, Teshra Robles, a financial expert with a unique approach to personal finance, shares her journey from Texas to Hawaii, and eventually to Bonners Ferry, Idaho, highlighting her passion for numbers and the importance of individualized financial planning. She discusses the benefits of treating personal finances as a business, the significance of stewardship, and offers practical tips on using tools like QuickBooks to gain financial clarity. Teshra’s insights emphasize the importance of understanding where your money comes from and where it goes, enabling you to make informed decisions that lead to financial freedom.
[00:01 - 07:09] Introduction to Teshra Stephan Robles
- Teshra's diverse background from Texas to Hawaii
- The influence of her upbringing on her career path
- The importance of unique financial systems for unique individuals
[07:10 - 14:55] From Accounting to Motherhood
- Transition from corporate law aspirations to accounting
- The decision to become a stay-at-home mom.
- Returning to work in the banking secto
[14:56 - 21:49] The Journey to Entrepreneurship
- Leaving the banking world to start her own business
- The challenges and rewards of entrepreneurship
- Importance of personal finance management in business success
[21:50 - 31:29] Practical Financial Tips
- Utilizing QuickBooks for personal finance management
- The importance of regular financial reviews
- Making financial management a weekly habit
[31:30 - 37:03] Financial Stewardship and Contentment
- The concept of financial stewardship
- Teaching teenagers about financial responsibility
- Finding contentment with what you have
Connect with Teshra:
Website: www.teshradoyou.com
Facebook: www.facebook.com/TeshraDoYou
Instagram: www.instagram.com/teshra_doyou
LEAVE A 5-STAR REVIEW by clicking this link.
WHERE CAN I LEARN MORE?
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Subscribe to the podcast on Apple, Spotify, Google, or Stitcher.
None of this could be possible without the awesome team at Buzzsprout. They make it easy to get your show listed on every major podcast platform.
Tweetable Quotes:
"Our financial system should be as unique as we are." - Teshra Robles
"If you can keep it simple, you can stay on top of it." - Teshra Robles
What can you learn from a journey that takes you from a groundskeeper to a successful real estate investor?
This week, Yonah welcomes Adrian Danila, a multifamily expert with an inspiring journey from a Romanian law graduate to a U.S.-based real estate investor and consultant. Adrian shares his story, starting as a groundskeeper and rising through the ranks to manage thousands of units and eventually launching his consulting business. He emphasizes the importance of thorough due diligence, maintenance, and having skin in the game for property management. Adrian also discusses his passion for public speaking, media, and giving back to the community through his multifamily podcasts.
[00:01 - 06:41] From Romania to Real Estate
- Importance of seizing opportunities even with minimal initial knowledge
- The value of hard work and perseverance in climbing the career ladder
- The impact of supportive networks in achieving success
[06:42 - 12:30] Investing in Real Estate
- Start with thorough due diligence to avoid costly mistakes
- The benefits of self-managing properties to understand the ins and outs of real estate
- Challenges and strategies of managing properties remotely
[12:31 - 16:12] The Role of Maintenance in Property Management
- Ensuring regular property inspections to prevent deferred maintenance
- The importance of having knowledgeable maintenance staff or consultants
- How deferred maintenance can significantly impact property value and investment returns
[16:13 - 23:49] Media and Public Speaking: Building a Multifamily Brand
- Using podcasts as a platform to share knowledge and build a network
- The value of creating content to educate and engage the real estate community
- Tips for starting and maintaining a successful podcast
[23:50 - 28:47] Mentorship and Giving Back
- The significance of mentoring the next generation of real estate professionals
- The rewarding nature of sharing knowledge and experiences
- Strategies for effective mentorship and building a supportive community
Connect with Adrian:
LinkedIn: https://www.linkedin.com/in/adriandanila/
LEAVE A 5-STAR REVIEW by clicking this link.
WHERE CAN I LEARN MORE?
Be sure to follow me on the below platforms:
Subscribe to the podcast on Apple, Spotify, Google, or Stitcher.
None of this could be possible without the awesome team at Buzzsprout. They make it easy to get your show listed on every major podcast platform.
Tweetable Quotes:
"When you buy, you have to be aware of what you're spending your money on." - Adrian Danila
"The best way to find out if your story is interesting is to create your own platform and share it with the world." - Adrian Danila
How does one seamlessly transition from military service to thriving in real estate and entrepreneurship while making a meaningful impact?
In this episode of Weiss Advice, Yonah sits down with Tyler Goble who shares his journey from the Naval Academy to building a business with his wife that combines real estate, high-end design, and data science consulting. They delve into how Tyler and his wife use their business to support anti-human trafficking efforts and provide meaningful work, discussing the importance of giving and hiring in parallel. Tyler offers insights into optimizing time, leveraging data science in real estate, and balancing active and passive income to create a lasting impact.
[00:01 - 06:58] From the Naval Academy to Real Estate
- Realizing the potential of house hacking
- Transition from military to entrepreneurship
- The importance of working together with a spouse in business
[06:59 - 12:50] Mission-Driven Entrepreneurship
- Supporting anti-human trafficking through business
- The impact of tithing and giving to meaningful causes
- Founding LTG Investments with a greater purpose
[12:51 - 18:23] Optimizing Time and Real Estate Adjacent Work
- Balancing a full-time job with entrepreneurial ventures
- Leveraging data science in real estate
- The importance of efficient business practices
[18:24 - 24:35] Building a Sustainable Business
- Hiring offshore talent to enhance productivity
- Providing quality jobs as a form of philanthropy
- Strategies for creating a margin in business to take calculated risks
[24:36 - 31:41] Long-Term Goals and Impact
- Future plans for growth and maintaining control of the business
- Balancing active and passive income for long-term success
- The significance of meaningful work and community building
Connect with Tyler:
LinkedIn: https://www.linkedin.com/in/tylergoble54
Instagram:https://www.instagram.com/tylergoble54/
LEAVE A 5-STAR REVIEW by clicking this link.
WHERE CAN I LEARN MORE?
Be sure to follow me on the below platforms:
Subscribe to the podcast on Apple, Spotify, Google, or Stitcher.
None of this could be possible without the awesome team at Buzzsprout. They make it easy to get your show listed on every major podcast platform.
Tweetable Quotes:
"I really believe that we're called to work and we're called to do meaningful work." - Tyler Goble
"We’re passionate about using business to help fund the fight against trafficking. For us, business is really kind of where our heart is." - Tyler Goble
How could real estate transform your financial future? In this episode, Rachel Gainsbrugh, a former pharmacist, shares her journey from working multiple jobs to pay off student loan debt to discovering the lucrative world of real estate investing. She discusses the strategies and mindset shifts that propelled her to success, emphasizing the importance of financial literacy and the power of leveraging real estate to create passive income. This episode is packed with insights on transitioning careers, managing rental properties, and achieving financial independence.
[00:01 - 06:13] The Journey Begins
- Hard work is not always the answer; finding strategic leverage is crucial
- The importance of financial literacy in transforming financial situations
- Real estate can offer opportunities beyond traditional career paths
[06:14 - 12:51] Discovering Real Estate
- The power of financial literacy experts and real estate podcasts
- How real estate investment shifted their financial trajectory
- The value of diversifying income streams through real estate
[12:52 - 18:00] From Medicine to Real Estate
- Skills from one profession can translate to success in another
- The importance of mindset shifts in achieving new career goals
- Real estate investing requires initial hard work but offers long-term rewards
[18:01 - 24:16] Scaling the Business
- Less can be more: the 2-door strategy for maximizing profitability
- The importance of systems and processes in managing rental properties
- The role of tax benefits and strategic investments in real estate success
[24:17 - 33:39] Impact and Legacy
- Setting a date and working backward to achieve financial goals
- The significance of taking massive action towards your dreams
- Success is not just about financial gain but also about the impact you leave behind
Connect with Rachel:
Website: https://www.shorttermgems.com
LinkedIn: https://www.linkedin.com/in/dr-rachel-gainsbrugh
Instagram: https://www.instagram.com/short.term.gems
Facebook: https://www.facebook.com/shorttermgems
YouTube: https://www.youtube.com/@theluxurystrdoctorshow
LEAVE A 5-STAR REVIEW by clicking this link.
WHERE CAN I LEARN MORE?
Be sure to follow me on the below platforms:
Subscribe to the podcast on Apple, Spotify, Google, or Stitcher.
None of this could be possible without the awesome team at Buzzsprout. They make it easy to get your show listed on every major podcast platform.
Tweetable Quotes:
"It's not just about ROI; it's also about your return on energy, enjoyment, and effort." - Rachel Gainsbrugh
"Real estate investing was a game-changer for us. It changed the trajectory of our lives." - Rachel Gainsbrugh
Have you ever considered how managing real estate assets is akin to running a full-fledged business?
This week, our guest is Kyle McKinney, the Founder of Pentagon Property Academy. He shares his journey from federal government consulting to leading Pentagon Property Academy, focusing on asset management within the multifamily sector. He discusses the importance of skill sets, financial reporting, and leadership in real estate, emphasizing that buying properties is more than a transaction—it's managing a complex business. Kyle's insights into asset management, his experience with a substantial exit to a REIT, and his current endeavors in coaching provide valuable lessons for aspiring and experienced investors alike.
[00:01 - 05:14] From Pentagon to Property: Kyle’s Journey
- Transitioning from federal consulting to commercial real estate
- The significance of mentorship and community in real estate
- Overview of Kyle's career and significant achievements
[05:15 - 15:29] The Significance of Asset Management
- Asset management is crucial for the longevity of investments
- Financial reporting should go beyond software-generated data
- The importance of creating a factual and accurate narrative from data
[15:30 - 20:13] Lessons from Leading a REIT Exit
- Leading a successful exit to a REIT requires robust leadership skills
- The significance of hands-on management in multifamily investments
- Long-term strategies for sustained success in real estate
[20:14 - 25:37] Current Trends and Market Insights
- The impact of interest rates and inflation on real estate investments
- The importance of adapting to market changes with strong asset management
- Predictions for the next 5-10 years in the real estate market
[25:38 - 29:03] Personal Reflections and Final Thoughts
- The value of likability and networking in business success
- Personal definitions of success and the importance of long-term relationships
- Encouragement to embrace continuous learning and improvement
Connect with Kyle:
LinkedIn: https://www.linkedin.com/in/kylemckinney35/
Twitter: https://x.com/iamkylemckinney
LEAVE A 5-STAR REVIEW by clicking this link.
WHERE CAN I LEARN MORE?
Be sure to follow me on the below platforms:
Subscribe to the podcast on Apple, Spotify, Google, or Stitcher.
None of this could be possible without the awesome team at Buzzsprout. They make it easy to get your show listed on every major podcast platform.
Tweetable Quotes:
"Every number has a story, and it's crucial to uncover the narrative behind financial data to manage assets effectively." - Kyle McKinney
"Asset management is often underrated, but it's the key to turning investment goals into reality." - Yonah Weiss
Can smart money truly create a cushion against market volatility, and how does mezzanine financing play a role in stabilizing investments during economic downturns?
In this episode, Mike Zlotnik, a seasoned expert in commercial real estate and fund management, explores the nuanced strategies of mezzanine financing in the commercial real estate sector. As markets face volatility and shifting investment landscapes, Big Mike shares valuable wisdom on navigating these challenges through strategic financial structuring. Listeners will gain a profound understanding of how sophisticated financing options can provide safety nets and high returns, even in uncertain times.
[00:01 - 08:00] The Genesis of a Real Estate Maven
- Mike's migration from technology to real estate investing
- The concept of mezzanine financing and its importance in real estate
- Early challenges and opportunities in Mike's career transition
[08:01 - 16:00] Navigating Through Crises with Mezzanine Financing
- Detailed explanation of mezzanine financing structures
- Historical impacts of economic downturns on real estate and strategic responses
- The role of smart money in overcoming these challenges
[16:01 - 24:00] Real-Time Market Adaptations
- Examples of adapting to market changes and safeguarding investment
- The current state of the market and strategic positioning for potential upswings
- The balance between risk and reward in investment decisions
[24:01 - 32:00] The Future of Real Estate Investing
- Predictions for the real estate market and the evolving role of mezzanine financing
- How investors can identify and leverage opportunities in a fluctuating market
- The importance of due diligence and strategic foresight in investing
[32:01 - 41:51] Philosophical Reflections and Tactical Insights
- The philosophical underpinnings of investment strategies
- What success means in the volatile world of real estate
- Practical advice for new and seasoned investors navigating the current economic landscape
Connect with Mike:
Website: https://tempofunding.com/
LinkedIn: https://www.linkedin.com/in/mzlotnik/
LEAVE A 5-STAR REVIEW by clicking this link.
WHERE CAN I LEARN MORE?
Be sure to follow me on the below platforms:
Subscribe to the podcast on Apple, Spotify, Google, or Stitcher.
None of this could be possible without the awesome team at Buzzsprout. They make it easy to get your show listed on every major podcast platform.
Tweetable Quotes:
"Experience is what you get when you don’t get what you want." - Mike Zlotnik
"The best investing time is when others are running away from the market." - Mike Zlotnik
How can your professional development significantly impact your career, personal life, and those around you?
In this inspiring episode, Josh Etress, a seasoned leader who transitioned from full-time Christian ministry into the tech and commercial real estate sectors, explores the profound impact of leadership training, the significance of building a culture within a company, and the intriguing concept of redeeming properties in commercial real estate. Josh’s insights into hiring practices, team management, and personal development offer invaluable lessons for listeners aiming to foster a nurturing yet challenging workplace.
[00:01 - 08:22] Starting Strong with the Right Team
- The importance of making excellent hires in shaping company culture
- The impact of poor hiring on company progress
- Strategies for fostering a team-oriented environment
[08:23 - 16:37] Building Influence through Authenticity on Social Media
- Leveraging platforms to enhance professional networks and company vision
- The significance of sharing genuine stories and experiences to engage an audience
- Utilizing content creation as a tool for thought leadership and business growth
[16:37 - 24:08] Leadership Lessons from Diverse Experiences
- Adapting leadership skills across different industries and roles
- The importance of understanding and implementing effective team dynamics
- Strategies for personal and professional growth through reflective leadership
[24:09 - 32:14] Cultivating a High-Performance Team Culture
- Techniques for building a culture of high standards and mutual respect
- The role of intentional leadership in fostering a productive workplace environment
- Insights into balancing team aspirations with organizational goals
[32:15 - 41:20] Reflections and Takeaways
- The power of asking the right questions to extract deep insights
- Insights into the commercial real estate industry and its complexities
- The concept of property redemption and its business implications
Connect with Josh:
LinkedIn: https://www.linkedin.com/in/joshetress/
Twitter: https://twitter.com/JoshEtress
LEAVE A 5-STAR REVIEW by clicking this link.
WHERE CAN I LEARN MORE?
Be sure to follow me on the below platforms:
Subscribe to the podcast on Apple, Spotify, Google, or Stitcher.
None of this could be possible without the awesome team at Buzzsprout. They make it easy to get your show listed on every major podcast platform.
Tweetable Quotes:
"When people hold you to a high standard, people rise to the level of expectations you have for them." - Josh Etress
"When you're building a company of any kind, if you make great hires, they're going to do everything faster and better than you expected." - Josh Etress
What does it mean to blend a rigorous military background with the dynamic real estate investment challenges, and how can others apply these principles to their careers?
Today, our guest is Nap deCiutiis, a retired Navy Special Operations Master Chief turned real estate developer. The conversation reveals how Nap's disciplined military background and unique life philosophies fuel his successes and personal growth. They discuss the challenges and triumphs of transitioning careers, the impact of community and tourism on local economies, and the personal ethos that guides Nap’s decisions.
[00:01 - 05:31] A New Focus on Family and Truth
- The importance of focusing on personal growth and family over external noise
- The impact of truthful living on personal and professional success
- Strategies for effective life planning and goal setting
[05:32 - 10:30] From Navy to Real Estate
- Applying military discipline and strategic planning to real estate
- Embracing career transitions by finding parallels between past experiences and new opportunities
- The importance of adaptability in achieving career success
[10:31 - 15:52] Building a Real Estate Empire
- Lessons on scaling operations and managing construction projects
- Navigating real estate market fluctuations with a strategic approach
- Insights into the short-term rental market dynamics on the Emerald Coast
[15:53 - 21:59] Investment Philosophies and Life Lessons
- The significance of not letting emotions override business decisions
- Learning from failures and using them as stepping stones for future success
- The personal philosophy of investing in oneself and finding peace
[22:00 - 28:27] A Vision for the Future
- Building a community-centric business model
- The importance of creating a lasting impact through business and personal life
- Future aspirations and the importance of family in defining success
Connect with Nap:
Website: https://theshorttermshop.com/
LinkedIn: https://www.linkedin.com/in/nap-deciutiis/
LEAVE A 5-STAR REVIEW by clicking this link.
WHERE CAN I LEARN MORE?
Be sure to follow me on the below platforms:
Subscribe to the podcast on Apple, Spotify, Google, or Stitcher.
None of this could be possible without the awesome team at Buzzsprout. They make it easy to get your show listed on every major podcast platform.
Tweetable Quotes:
"Big dreams don't cost any more than small dreams." — Nap deCiutiis
"The best advice is that if you are a decent human being and you speak the truth to yourself and write down your plan, there's nothing that you cannot do." — Nap deCiutiis
How the intricacies of short-term rental investments and lending can dramatically shift your real estate journey? In this episode, Parker Borofsky, an expert in short-term rental investments and lending, shares her journey as a mother, investor, and lender, revealing key insights into the nuances of investment real estate financing and the transformative impact of short-term rentals. From creative financing solutions to managing a portfolio of properties, Parker provides invaluable advice for both new and seasoned investors!
[00:01 - 07:00] The Opportune Moment for Investment
- Ideal timing for fence-sitters in real estate investment
- The impact of fluctuating interest rates and inflation on real estate
- Strategies for navigating the current real estate market
[07:01 - 13:00] Navigating Short-Term Rental Investments
- The growing popularity and nuances of short-term rental investments
- The role of lending in short-term rental investment strategies
- Insights into market trends in short-term rentals
[13:01 - 19:00] Creative Financing Solutions
- Exploring innovative lending options for short-term rentals
- The significance of debt-to-income ratios in loan approval
- Misconceptions in financing and how to approach them
[19:01 - 25:00] The Entrepreneurial Journey in Real Estate
- Parker's personal journey as an investor and lender
- Balancing multiple roles in the real estate sector
- The importance of adaptability and learning in real estate investing
[25:01 - 31:00] Future Trends and Closing Thoughts
- Predictions for the future of real estate investing and lending
- Key advice for upcoming real estate investors and lenders
- Final insights and reflections on the current state of the market
[31:01 - 39:13]The Final Four: Worst Job, Book, Skill to Learn, & Definition of Success
- Worst job ever was being an administrative for a dating service
- Book that gave a paradigm shift: The Pumpkin Plan by Mike Michalowicz
- Skill/talent to learn: Public Speaking
- Succes is defined as creating more freedom and choices
Connect with Parker
Facebook: https://www.facebook.com/Vtrockett?mibextid=LQQJ4d
Calendly: https://calendly.com/parker-rob
LEAVE A 5-STAR REVIEW by clicking this link.
WHERE CAN I LEARN MORE?
Be sure to follow me on the below platforms:
Subscribe to the podcast on Apple, Spotify, Google, or Stitcher.
None of this could be possible without the awesome team at Buzzsprout. They make it easy to get your show listed on every major podcast platform.
Tweetable Quotes:
"Navigating the lending landscape requires both knowledge and creativity, especially in the nuanced field of short-term rental investments." - Parker Borof
How can you achieve financial success while on vacation? In this episode of Weiss Advice, we welcome Lauren Aumond, Lauren is a podcast host and real estate investor based in Tampa Bay. She has a Finance degree from the University of Florida and a graduate certificate in financial planning from Boston University. Lauren and her husband reached financial independence at 33 and 30 years old and are in the process of planning the next season of their lives.
Tune in to this episode as Lauren provides tips on how to handle communication while away on vacation and to be comfortable with not everything going perfectly all the time!
[00:01 - 01:26] Opening Segment
- We welcome, Lauren Aumond!
- Lauren is the host of the podcast, “Adulting Is Easy”
[01:27 - 24:19] How Real Estate And Systematization Help Couples Reach Their Goals
- The importance of taking action and learning along the way
- Being frugal with their housing and transportation
- The goal is to get the property up and running with CapEx
- Self-managing 10 short-term rentals and 3 long-term rentals
- Using property management software, dynamic pricing, etc.
- Handling guest communications herself
[29:20 - 32:54] THE FINAL FOUR
- What's the worst job that you ever had?
- She worked as a Front-End Department Supervisor
- What's a book you've read that has given you a paradigm shift?
- “Predictable Success” by Les McKeown
- What is a skill or talent that you would like to learn?
- Continue playing golf
- What does success mean to you?
- Lauren says, “Success means freedom and happiness. “
Connect with Lauren Aumond:
Website: Real Adulting Is Easy
Twitter: @adultingiseasy
Instagram: @adultingiseasyreal
YouTube: @adultingiseasy
LEAVE A 5-STAR REVIEW by clicking this link.
WHERE CAN I LEARN MORE?
Be sure to follow me on the below platforms:
Subscribe to the podcast on Apple, Spotify, Google, or Stitcher.
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Tweetable Quotes:
“Goals are meant to be either met or revisited over time. And that's what has happened with adulting is easy, my regular career, and real estate investing.” – Lauren Aumond
“Seeing the big picture and keeping an eye on our goals even when we have setbacks... We keep our eyes on the big picture and we know one year from now, we'll be in a really, really good spot.” – Lauren Aumond
Luke Carl loves rock and roll, but more than anything else, he loves being able to do what makes him happy. That is why he chose to pursue a career where he will become his own boss and make him happy. Searching for that something led him to real estate, and since then, he never turned back.
[00:01 – 09:54] Who is Luke Carl?
- Luke talks about his background
- He shares how his real estate career started and how they ended up in short-term rentals
[09:55 – 18:42] The AHA! Moment
- Luke discusses the pivotal moment in his life that made him realize real estate is the way to go, specifically, Short-Term Rentals
- Why the Smoky Mountains?
[18:43 – 28:26] The Short Term Shop
- Learn the right way to do short term rentals with the help of The Short Term Shop Group
[28:27 – 26:36] Being on Radio
- How to be a good Radio host
[26:37 – 35:05] THE FINAL FOUR
- What's the worst job that you ever had?
- I worked in a Mexican restaurant for 5 years.
- What's a book you've read that has given you a paradigm shift?
- The Paradox of Choice by Barry Schwartz
- What is a skill or talent that you would like to learn?
- Learn to speak Spanish
- Learn to swim
- What does success mean to you?
- Not having to answer to anybody.
- Being free to do what you want at anytime
- Connect with Luke. Links available below.
Tweetable Quotes:
"Find other things that you get inspired by." – Luke Carl
"It's all about doing what you want to do." – Luke Carl
Resources Mentioned:
You can connect with Luke on https://theshorttermshop.com/
LEAVE A 5-STAR REVIEW by clicking this link.
WHERE CAN I LEARN MORE?
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Diya Liu is the CEO of Welcome Capital, an STR & Hotel 506(c) Fund, an investment company in short-term rentals and hotels. She started with short-term rental investing but now owns 3 boutique hotels and a dozen STRs across the USA. She was a patent litigation attorney in her previous life and litigated multimillion patent cases.
Tune in to this episode as Diya talks about her journey from corporate litigation attorney to successful real estate investor!
[00:01 - 02:35] Opening Segment
- We welcome, Diya Liu!
- Diya’s transition from corporate litigation attorney to real estate business
[02:36 - 27:16] Stand Out In The Short-Term Rental Market
- Short-term rentals offer lifestyle bonuses such as visiting investment locations
- The two programs for short-term rental investing: For beginners and for advanced investors
- Benefits of commercial real estate investing over residential properties
- Hybrid short-term rental and hotel model
- Investing in mountain towns and coastal town vibes
- Designing and marketing property in a unique way to stand out
[27:17 - 33:14] THE FINAL FOUR
- What's the worst job that you ever had?
- Being an art teacher to special needs camp counselor
- What's a book you've read that has given you a paradigm shift?
- “Never Split The Difference” By Christopher Voss & Tahl Raz
- What is a skill or talent that you would like to learn?
- Learning specific forms of dance
- What does success mean to you?
- Diya Liu says, “The freedom to location and time freedom to do what you want to do and to work on your passions.”
Connect with Diya Liu:
LinkedIn: Diya Liu
Instagram: @diyaliu
Facebook: AirbnbProfessional
LEAVE A 5-STAR REVIEW by clicking this link.
WHERE CAN I LEARN MORE?
Be sure to follow me on the below platforms:
Subscribe to the podcast on Apple, Spotify, Google, or Stitcher.
None of this could be possible without the awesome team at Buzzsprout. They make it easy to get your show listed on every major podcast platform.
Tweetable Quotes:
“Everyone is badass on at least one thing... So, understanding your strength and weaknesses and being able to capitalize on those a lot more efficiently is one of my favorite things about, uh, commercial real estate investing.” – Diya Liu
“The great thing about hospitality assets is that of course, it offers cash flow and depreciation and all these other great things that people love about real estate, but it also offers a lot of lifestyles.” – Diya Liu
Sarah Glidewell from The Karwells is an Airbnb investor, designer, and coach who focuses on teaching other hosts how to create properties with longevity. She has been absorbed by Airbnb and short-term rentals since 2018 when she started renting out her apartment to guests on weekends. Since then, she has dabbled in it all, from investing to consulting, arbitraging to designing, and everything in between. Short-term rentals have flipped her life upside down and given her a path to financial freedom, freedom of time, and her personal favorite, creative freedom. Currently, they are working on partnering with more of YOU - and capitalizing on the Midwest market - building a fleet of high-end, design-focused STRs.
[00:01 - 01:00] Opening Segment
- We welcome, Sarah Glidewell!
- She is an interior designer by trade and uses her design skills to create Airbnb properties
[01:01 - 23:34] Creating Experiences For Short-Term Rentals
- Started a mentorship program to build out a community
- Pivoted to interior design business for short-term rentals during COVID
- Investors are a hundred percent numbers driven
- Strategy from two perspectives: Investor brain and designer brain
- Creating experiences for people
[23:35 - 33:31] THE FINAL FOUR
- What's the worst job that you ever had?
- Working at a grocery store
- What's a book you've read that has given you a paradigm shift?
- “How To Become Financially Independent On Airbnb” by Brian Page
- What is a skill or talent that you would like to learn?
- Sales in general
- What does success mean to you?
- Sarah Glidewell says, “It is that freedom of time and freedom of placement.”
Connect with Sarah Glidewell:
Website: The KarWells
Instagram: @thekarwells
LEAVE A 5-STAR REVIEW by clicking this link.
WHERE CAN I LEARN MORE?
Be sure to follow me on the below platforms:
Subscribe to the podcast on Apple, Spotify, Google, or Stitcher.
None of this could be possible without the awesome team at Buzzsprout. They make it easy to get your show listed on every major podcast platform.
Tweetable Quotes:
“If we take care of the guest experience, then the ROI will follow.” – Sarah Glidewell
“Me being an interior designer by trade and wanting to find an avenue that kind of fit with my current gifts and talents and Airbnb was that answer.” – Sarah Glidewell
Alex Sabio is the Co-Founder of Alpha Geek Capital. He is a Respiratory Therapist in Southern California turned real estate investor. Over the years, he has invested in luxury short-term rentals and now helps other healthcare professionals invest in real estate.
[00:01 - 05:44] Respiratory Therapist by Day
- Let’s get to know Alex Sabio
- Like a whirlwind for a year and a half
- Real estate for healthcare professionals
[05:45 - 23:17] Healthcare Real Estate Pro
- It’s not all roses!
- What Alex loves about real estate
- Time Freedom, Focus, and Airbnbs
- Alex’s Superpower
- Goals keep completely changing
- “I don’t want money.”
- Hands Off and Automated
- Alex’s Real Estate Investing Routine in a week
- Technology versus People
- Find the Experts!
[23:18 - 31:47] THE FINAL FOUR
- What's the worst job that you ever had?
- At the Boston Market in high school
- What's a book you've read that has given you a paradigm shift?
- Can’t Hurt Me by David Goggins
- What is a skill or talent that you would like to learn?
- The Filipino Language
- What does success mean to you?
- “To have time freedom with my family right now.”
- Putting actions behind your words
- Connect with Alex. Links available below
Tweetable Quotes:
“The cash flow is phenomenal. The guest experience, providing someone amazing experience, is phenomenal.” - Alex Sabio
“The most important things to me are having time off, spending time with family, and helping others. That is the most important thing.” - Alex Sabio
“Just be honest with them, and be nice. People will react when you're nice.” - Alex Sabio
Connect with Alex through Healthcare Professionals Investing in Real Estate, Facebook, Instagram, and LinkedIn.
LEAVE A 5-STAR REVIEW by clicking this link.
WHERE CAN I LEARN MORE?
Be sure to follow me on the below platforms:
Subscribe to the podcast on Apple, Spotify, Google, or Stitcher.
None of this could be possible without the awesome team at Buzzsprout. They make it easy to get your show listed on every major podcast platform.
Jonathan Pacilio shares his journey from working in the finance industry to becoming a full-time real estate investor. He discusses how he transitioned from long-term rentals to short-term rentals, and how it took just seven high-performing short-term rentals for him to make the transition. He shares how important it is to have a mix of short-term and long-term rental properties in order to make the most money, and how juggling work and family can be a challenge when entering this type of business. He believes that the short-term rental space is undervalued and there is a lot of opportunity available for those who are willing to work hard.
[00:01 - 07:14] Opening Segment
- Welcoming Jonathan to the show
- What does it take to leave your full-time job?
- The difference between a long-term and a short-term rental
[07:14 - 18:05] How to Succeed in Running a Short Term Rental Business
- The importance of setting up an automated system in order to run a short-term rental business
- Short-term rentals are a growing market, but they remain underutilized
- Short-term rentals are a great way to make extra money and provide affordable housing for people in need
[18:04 - 24:32] Difference in Advertising Units and the Short-Term Dojo
- Utilizing services such as Rabbu Inc. and STR Insights
- Jonathan talks about the Short-Term Dojo
- Bridging discipline in martial arts to entrepreneurship
[24:32 - 34:37] THE FINAL FOUR
- What's the worst job that you ever had?
- What's a book you've read that has given you a paradigm shift?
- What is a skill or talent that you would like to learn?
- What does success mean to you?
Connect with Jonathan Pacilio
Facebook: Short Term Dojo
Twitter: Short Term Dojo
Instagram: Short Term Dojo
YouTube: Short Term Dojo
Website: www.JonathanPacilio.com
LEAVE A 5-STAR REVIEW by clicking this link.
WHERE CAN I LEARN MORE?
Be sure to follow me on the below platforms:
Subscribe to the podcast on Apple, Spotify, Google, or Stitcher.
None of this could be possible without the awesome team at Buzzsprout. They make it easy to get your show listed on every major podcast platform.
Tweetable Quotes:
“Money is super important…but success, it’s more about financial freedom and time management.” - Jonathan Pacilio
“Picking up the right short-term rental is monetarily life-changing from anything; from a single mom to someone who makes high six figures and wants to start creating steps to exit.” - Jonathan Pacilio
Lauren Stewart is a dermatology PA turned real estate investor and backyard homesteader. She’s a builder of relaxation, turning normal cabins into restful retreats for the last 3 years and running a successful short-term rental business where she turned a $100k investment into a $1.6 million dollar business. She discusses that it’s not easy to be successful in real estate, but with the commitment to learn, work hard, and use resources like online forums and books, they’ve been able to grow her business rapidly.
[00:01 - 04:31] Opening Segment
- Let’s get to know Lauren Stewart!
- Lauren discusses how she got into real estate
- She referenced, “Bigger Pockets Podcast”
[04:32 - 21:32] How To Turn A Small Investment In Short Term Rentals Turned Into A Million Dollar Business
- Lauren discusses how they bought and renovated short term properties
- She wanted to replace her professional income with passive income
- It takes time and discipline to build up savings and assets
- She shares that it’s important to think about your future
[21:33 - 29:08] THE FINAL FOUR
- What's the worst job that you ever had?
- When she worked as a summer camp counselor
- What's a book you've read that has given you a paradigm shift?
- What is a skill or talent that you would like to learn?
- She wants to relearn how to play the guitar and try to reincorporating that into her life
- What does success mean to you?
- Lauren says that, “Success is being in a place in life where you can control your time and you can decide who you want to spend it with and how you want to spend it.”
Connect with Lauren
Instagram: https://www.instagram.com/realestatechicken/
Facebook: https://www.facebook.com/restfulretreats
LEAVE A 5-STAR REVIEW by clicking this link.
WHERE CAN I LEARN MORE?
Be sure to follow me on the below platforms:
Subscribe to the podcast on Apple, Spotify, Google, or Stitcher.
None of this could be possible without the awesome team at Buzzsprout. They make it easy to get your show listed on every major podcast platform.
Tweetable Quotes:
“The ultimate goal for us is can we replace our w two income with passive income through real estate and allow us to have the financial and time freedom. The freedom to control their own.” – Lauren Stewart
“Success is being in a place in life where you can control your time and you can decide who you want to spend it with and how you want to spend it, and not having to worry about the ramifications of that.” – Lauren Stewart
What strategies did Tim Grillot implement to achieve success in his short-term and long-term rental businesses? In this episode of Weiss Advice, we welcome Tim Grillot, Tim is the proud owner of six STRs (four in the Smokies and two in Gulf Shores) and eleven LTRs. He began investing in real estate at the age of seventeen. His passion for providing people with quality accommodations for their vacations and wonderful homes to love has led him to make the move away from a lucrative career as an executive to a position as an agent at the short-term shop.
Tune in to this episode as Tim Grillot reveals his insight on supply chain logistics, identifying markets with growth potential!
[00:01 - 02:21] Opening Segment
- We welcome, Tim Grillot!
- Tim is a real estate investor, short-term rental owner, and real estate agent from the Smokey Mountains of Tennessee
- He was in the W2 world for 16 years before transitioning to full-time real estate
[02:22 - 25:56] Building An Empire Of Short-Term And Long-Term Rentals
- How he bought his first house and became an accidental landlord
- Obsessed with owning a vacation property
- How he and his wife sold everything and moved into an RV to embrace the simple life
- The division of labor between him and his wife
- Building a house hack-type situation in Ten
[25:57 - 31:23] THE FINAL FOUR
- What's the worst job that you ever had?
- Worked on a carwash washing semi-trucks
- What's a book you've read that has given you a paradigm shift?
- “The Go-Giver” By Bob Burg and John David Mann
- What is a skill or talent that you would like to learn?
- Learn how to play an instrument
- What does success mean to you?
- Tim Grillot says, “Finding the right balance in your life and finding your purpose.”
Connect with Tim Grillot:
Facebook: Tim Grillot
LEAVE A 5-STAR REVIEW by clicking this link.
WHERE CAN I LEARN MORE?
Be sure to follow me on the below platforms:
Subscribe to the podcast on Apple, Spotify, Google, or Stitcher.
None of this could be possible without the awesome team at Buzzsprout. They make it easy to get your show listed on every major podcast platform.
Tweetable Quotes:
“We're put on this planet to work and serve people and I'm a big believer in that. And, so now it's more about getting fulfillment out to what we do and we really enjoy hosting people and we really enjoy, honestly making a nice place for people to live with our long-term rentals.” – Tim Grillot
“People do things in their life that they enjoy all the time and spend money on it and don't worry about it. And for us, we've just kind of turned this real estate investing into something we enjoy.” – Tim Grillot
Avery Carl is the CEO & Founder of The Short-Term Shop. Avery Carl was named one of Wall Street Journal's Top 100 and Newsweek's Top 500 agents in 2020. She and her team at The Short Term Shop focus exclusively on Vacation Rental and Short Term Rental clients.
Avery has sold over $300 million in Short Term/Vacation Rentals since 2017. An investor herself, with a portfolio of over 30 properties, Avery specializes in connecting investors with short-term rentals with the highest ROI potential and then training them to manage their short-term rental from their smartphone from anywhere in the world.
[00:01 – 09:46] Short-Term Rentals
- Avery talks about how they found out about Short-Term Rentals
- The Smoky Mountains – why short-term rentals are booming there.
- What makes short-term rentals more attractive than other types of rentals?
[09:47 – 14:23] Third-Party Apps
- Associating short-term rentals with third-party apps (Airbnb, Vrbo, etc.)
[14:24 – 21:56] Join the Short-Term Rentals Space
- Interested in investing in short-term rentals? Listen to Avery's advice just for you!
- Emerging markets that you should keep an eye on.
- Scaling the business – how Avery and her team are keeping their business growing.
[21:46 – 27:48] THE FINAL FOUR
- Avery talks about her background.
- What's the worst job that you ever had?
- In college, I worked at a gym and practically was a 'personal trainer.'
- What's a book you've read that has given you a paradigm shift?
- The Obstacle Is the Way by Ryan Holiday
- What is a skill or talent that you would like to learn?
- Stand-up paddleboarding.
- What does success mean to you?
- The freedom of time.
- Connect with Avery. Links available below.
Tweetable Quotes:
"The only reason you're feeling [a certain] way is because you're allowing yourself to feel this way." – Avery Carl
You can connect with Avery on https://theshorttermshop.com/. You can follow The Short Term Shop on Instagram or join their Facebook group.
LEAVE A 5-STAR REVIEW by clicking this link.
WHERE CAN I LEARN MORE?
Be sure to follow me on the below platforms:
Subscribe to the podcast on Apple, Spotify, Google, or Stitcher.
None of this could be possible without the awesome team at Buzzsprout. They make it easy to get your show listed on every major podcast platform.
How does embracing diversification in business and personal life lead to unexpected success and resilience? In this episode, Yonah engages with the multifaceted Linda Lim, whose journey from finance to real estate and beyond illustrates the power of diversification. Lim shares her experiences, from Wall Street trading to developing resorts in Bali and embarking on ventures in logistics and food packaging. Their discussion delves into the significance of risk mitigation, the intricacies of international business, and the impact of personal growth on professional success. Lim exemplifies how diversification isn't just a financial strategy but a life philosophy, driving innovation, stability, and personal fulfillment.
[00:01 - 06:13] From Finance to Real Estate
- Lim's transition from finance to real estate
- The role of education and early career experiences
- The move from banking to building and developing real estate
[06:14 - 12:02] Building a Global Portfolio
- Developing resorts in Bali and diversifying into logistics
- The importance of asset class and geographical diversification
- How the COVID-19 pandemic highlighted the need for adaptable business strategies
[12:03 - 18:01] Navigating International Waters
- Expanding into new markets like Mexico and New Mexico
- The blend of real estate development and logistics for business growth
- Insights into the attainable housing market and its stability
[18:01 - 25:24] Bridging Cultures Through Food
- Lim's journey into the food industry with a focus on Indonesian cuisine
- The challenges and triumphs of introducing new food products to the market
- The role of cultural appreciation and personal passion in business
[25:25 - 33:53] Personal Insights and Professional Wisdom
- Lim's reflections on life, business, and personal growth
- The conversation on the essential nature of compassion and continuous learning
- Closing thoughts on defining success and the path forward
Connect with Linda:
Website: essentialelementcapital.com
LinkedIn: https://www.linkedin.com/in/lindalim88/
Instagram: https://www.instagram.com/essentialelementcapital/
LEAVE A 5-STAR REVIEW by clicking this link.
WHERE CAN I LEARN MORE?
Be sure to follow me on the below platforms:
Subscribe to the podcast on Apple, Spotify, Google, or Stitcher.
None of this could be possible without the awesome team at Buzzsprout. They make it easy to get your show listed on every major podcast platform.
Tweetable Quotes:
"In risk mitigation, diversification is the way to go. No one can predict the market." - Linda Lim
"If I'm able to create constant positive transformation in my life, that's to me is already a success." - Linda Lim
How can a career pivot during uncertain times, like the COVID-19 pandemic, lead to discovering new passions and successful entrepreneurial ventures in the real estate industry?
In this episode, Yonah converses with dynamic duo Matthew Byrnes and Brandon Rickman, who share their journey from different professional backgrounds into forming a robust partnership in the real estate sector. Both guests unravel their paths of career transformation, highlighting the impact of COVID-19 on their professional lives and how it led to the inception of their current real estate and private lending business. They delve into the nuances of private lending, the importance of networking and trust in the industry, and their visions for future business growth.
[00:01 - 07:20] Pivoting Paths to Partnership
- Matthew's transition from film to real estate during COVID-19
- Meeting and forming a business relationship with Brandon
- Initial ventures in wholesale real estate and moving to private lending
[07:21 - 14:35] Understanding Private Lending
- The concept of private lending and how it differs from institutional and hard money loans
- The strategic advantages of private loans in real estate investments
- Challenges and opportunities in the private lending space
[14:36 - 21:48] Business Growth and Strategy
- The evolution of their lending business and capital raising efforts
- Shifting focus from film industry contacts to broader investment sources
- The importance of diversification and liquidity in their business model
[21:49 - 28:00] Market Insights and Economic Impact
- Real estate market trends and the effect of economic changes
- Adjusting business strategies in response to market dynamics
- Expectations for the future of the real estate market
[28:01 - 35:19] Looking Ahead: Aspirations and Realities
- Long-term goals for their business and personal development
- The concept of success and what it means to them personally and professionally
- Reflections on past experiences and lessons learned
Connect with Brandon and Matthew:
Website: www.prolendcapital.com
Facebook: https://www.facebook.com/profile.php?id=61550527497995
IG: @prolend_capital
LEAVE A 5-STAR REVIEW by clicking this link.
WHERE CAN I LEARN MORE?
Be sure to follow me on the below platforms:
Subscribe to the podcast on Apple, Spotify, Google, or Stitcher.
None of this could be possible without the awesome team at Buzzsprout. They make it easy to get your show listed on every major podcast platform.
Tweetable Quote:
What is the one critical factor that can make or break your success as a passive real estate investor?
In this episode, Yonah sits down with the multi-talented K Trevor Thompson, a man with a diverse background spanning from working at Ripley's Believe It or Not to opening 46 iFly Indoor Skydiving locations. He shares his journey into real estate investing, emphasizing the importance of the "who" over the "what" when it comes to choosing the right investment opportunities. Trevor discusses the power of diversification, the lessons learned from deals that didn't go as planned, and the importance of setting ambitious goals.
[00:01 - 06:08] From Guinness World Records to Real Estate
- Trevor's diverse career background
- The importance of taking action on inspiration, rather than just being inspired
- Trevor's transition into real estate investing after reading Rich Dad, Poor Dad
[06:09 - 13:55] The Power of Passive Investing
- The importance of the "who" over the "what" when choosing investment opportunities
- Diversifying investments across different asset classes, locations, and risk levels
- The benefits of investing in deals with preferred payments and waterfalls
[13:56 - 20:22] The Eighth Wonder of the World
- The power of compounding investments over time
- The importance of staying in a W2 job while growing wealth
- The benefits of having a supportive partner on your real estate journey
[20:23 - 26:00] Lessons Learned from Deals Gone Wrong
- The impact of rapidly increasing interest rates on real estate deals
- The importance of adequate reserves and fixed debt in mitigating risk
- The value of experienced and skilled asset management teams
[26:01 - 32:27] The Key to Success in Real Estate Investing
- The importance of setting ambitious goals
- How to help people reach financial independence through real estate investing
- The value of sharing knowledge and inspiring others to take action in their investment journey
Connect with Trevor:
LinkedIn: https://www.linkedin.com/in/ktrevorthompson/
Instagram: https://www.instagram.com/kttniagarainvestment/
Facebook: http://www.facebook.com/groups/earnandlearnwithrealestateinvesting/
LEAVE A 5-STAR REVIEW by clicking this link.
WHERE CAN I LEARN MORE?
Be sure to follow me on the below platforms:
Subscribe to the podcast on Apple, Spotify, Google, or Stitcher.
None of this could be possible without the awesome team at Buzzsprout. They make it easy to get your show listed on every major podcast platform.
Tweetable Quote:
"I think the biggest lesson I've learned in life is the who is way more important than the what." - K. Trevor Thompson
The Power of Collective Investment: Insights from Brian Davis
35:29
The Four Pillars of Multifamily Profitability with Rena Myers
37:38
Personal Branding and Networking Strategies with Murray Beaulieu
37:11
Episode 400 Bonanza!
1:07:43
Financial Freedom through Personal Stewardship with Teshra Robles
37:04
Scaling the Heights of Property Management with Adrian Danila
28:47
Fighting Human Trafficking via REI and Data Science with Tyler Goble
31:41
The 2-Door Strategy: Maximizing Profitability with Real Estate with Rachel Gainsbrugh
33:39
Unlocking Success with Effective Asset Management with Kyle McKinney
29:03
Smart Money Strategies in Real Estate with Mike Zlotnik
41:51
Building Better Teams Through Authentic Engagement with Josh Etress
41:20
Blueprints from the Battlefield to Building Fortunes with Nap deCiutiis
28:27
Unveiling the World of Short-Term Rental Financing with Parker Borofsky
39:13
Adulting is Easy with Lauren Aumond
32:54
The Unconventional Way to Real Estate with Luke Carl
35:05
Stand Out In The Short-Term Rental Market With Diya Liu
33:51
Creating Experiences For Short-Term Rentals With Sarah Glidewell
33:53
Healthcare Real Estate Pro with Alex Sabio
31:46
Leveraging Short-Term Rentals with Jonathan Pacilio
34:37
How a Small Investment In Short Term Rentals Turned Into A Million Dollar Business With Lauren Stewart
29:05
Building An Empire Of Short-Term And Long-Term Rentals With Tim Grillot
31:45
Short-Term Rentals with Avery Carl
27:48
Cultivating Success Through Diversification with Linda Lim
33:53
How to Build a Thriving Private Lending Business with Brandon Rickman & Matthew Byrnes
35:19
Choosing the Right Real Estate Investment Opportunities with K. Trevor Thompson
32:27