The Key to Success: Education and Action with Grant Franke

This week, we dive into what it really takes to succeed—starting with education. Before you invest your hard-earned money or time into real estate, small businesses, or any other venture, getting educated is the foundation. This episode isn’t just about theory; it’s packed with actionable advice on how to build confidence, analyze opportunities, and take calculated risks.
 
Here are just a few of the gems from this conversation:  
🔑 The Power of a Strong "Why": Understand why you're chasing financial freedom. Without purpose, the tough times will seem unbearable.  
🏡 Cash Flow vs. Appreciation: Learn how to navigate smaller markets and why they can be a game-changer for new investors.  
🛠️ Scaling Operations: Discover the importance of streamlining processes and focusing on operational excellence.  
🤝 Community and Education: How masterminds and networking can not only expand your knowledge but also your confidence to take action.  
⏳ Time Freedom Over Everything: Financial freedom is just the tool; time freedom is the true goal.
 
Whether you're on your first step or scaling to new heights, this episode delivers insights you can’t afford to miss. Tune in and start transforming your mindset, strategy, and results today. 🚀

🎬 Chapters:
00:00 Introduction to the Journey
05:04 The Importance of a Strong 'Why'
10:27 Transitioning from Employment to Real Estate
16:23 The Path to Financial Freedom
22:12 The Long-Term Approach to Real Estate Investing
30:06 The Role of Education and Masterminds
35:56 Teaching and Giving Back
38:22 Taking Action: The 90-Day Challenge
40:31 Masterminds and Community: The Power of Networking
42:28 Support Systems: The Role of Family in Real Estate
45:01 Building Authentic Connections: The Importance of Community
52:02 Operational Excellence: Streamlining Real Estate Management
01:01:10 Mindset Matters: The Foundation of Success
01:10:00 Generational Change: Becoming the One

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🤝 Connect with Ryan:
👉 Website: www.avarainvestments.com
👉 Instagram:  https://www.instagram.com/ryanlmillerinvests/
👉 Facebook: https://www.facebook.com/ryanlmillerinvests/
👉 Tiktok: https://www.tiktok.com/@ryanlmillerinvests
👉 LinkedIn: www.linkedin.com/in/ryan-miller-mba-pmp-3b0663103

Transcript

Welcome back Tanner. So I just wanted to do a quick intro for, podcast did yesterday with grand Frankie. were out, Calabasin and the ice storm and all that stuff. So, just, it was a good interview. So as far as going to go, she's got a strong Y and that's kind of what we, go into. didn't, it's a real estate investor, but I tried to stay a little more clear of that and talk more about why, because I think that's what people kind of care about. Like I think if you have a strong why, you can do pretty much anything. but he's an author and it's his book he left. It's an unlikely investor. So overall good, good, good podcasts. He's a little different in that he started investing in smaller markets. $30,000, $20,000 or... weren't looking for. Submarkets. Yeah. Well, like the population. That's the word I couldn't think of. know, the atres area. So that's where you got to start. I think his episode proves to people that with a strong Y and commitment to your cause. can do pretty much anything. So, and we dive into other things, you know, he's working with Brandon Turner, coaching. he's obviously wrote a book that was part of his, 2024 goals was to get a, get a book out there. So he's done all that.

Look forward to seeing what he has in store next 10 years. I think he's been investing in a lot of eats. So very good. So definitely look forward to reading his book. Yeah. So I didn't know he kind of went into it. I don't know if it was on camera or not, but so you get to see self published it, but he's sells it through Amazon and she was called an author copy. He basically paid $3 for the printing. So nice. I don't know what sells for, but yeah, I it was interesting that she can, I didn't know what I heard the term alter copy, but I didn't know what it was. So it was basically, you still pay for the printing, but you get it for getting from the dollar. Absolutely. What did he say about the differences between, you know, investing in a sub market versus, you know, major MSA. So pretty much it was, cashflow versus appreciation. So his, why it was to get out of the, of the railroad and be home with his family.

You might do that with appreciation. Absolutely. And that's one of the biggest things that I tell people when they're looking at those smaller markets is don't expect it to double and triple in value. That town might have a 30,000 population, but 20 years ago it had a 30,000 population. So they're not going up and growing very fast. But they're typically, especially the older ones here in Nebraska, they're stable. They have one, you know, one or two majors, suppliers, and the institutional investors won't touch it.

You know, there's some, some areas in, you sub markets around Omaha that you'll see a bigger private equity fund going just by a apartment building, build an apartment building is more common for what I've seen. But there's a lot more opportunity for the new investors. And those new investors are trying to crack in in Omaha where there's a lot of competition and a lot of people that know what they're doing. So it's hard to break in when you don't have a lot of capital to start, start out. So I think, you know, looking in your local market, it's that advantage of geographical, you know, if you have familiarity with that sub market, you can be the king of that town. Yeah. And he lives south of Lincoln. So for him, Beatrice wasn't for some, make a big sense. So fun. And it's people don't realize all the things that make it more difficult. I looked at a couple of deals in Beatrice and it's, don't know any property managers in that area. So I probably have to self manage. I don't know any contractors that'll go that far out of the way.

The scale of everything is more difficult. And I was looking at a, I think a four unit apartment building down there and the numbers were great, but the personnel problem that I didn't have a solution for. he's actually pulling out of the actress and moving everything to Lincoln. We'll kind of dive into that a little bit on the podcast, but that's more, so they can scale. he's trying, he was in Seward, Stewart, something like that. The actress on Lincoln. He's got 120. It's kind hard to manage that in three different areas and he's self-managing. yeah. Awesome. Well, yeah, look forward to it. Yeah. And with that, we'll see you off into the episode.