The Real Estate Way to Wealth and Freedom

We live in a world that our ancestors probably couldn't even dream about. Advances in modern technology have changed the way we live, interact, work, etc. We have the world at our fingertips with smartphones and access to a global network of information we call the internet. Our lives are filled with luxuries (whether we think of them as such is another topic), like modern medicine, clean water at the turn of a knob, heating and air conditioning, a wide variety of food available, stable government, stable social infrastructure, security from threats, and the list goes on and on. These are all great things, and we shouldn't take them for granted. We're truly lucky to live in the world we do. We are comfortable. Sounds all good, right? Well, maybe not so much. These comforts we're accustomed to have created some unique problems in their own sense. We're no longer challenged in the ways that we once, as humans, were. If an individual wanted to go throughout life without facing extreme challenges, they could. And many people do. This has some consequences though. Think of that feeling you get when you accomplish something difficult. That's an awesome feeling, right? Well, lots of people aren't getting that. There's not much sense of accomplishment by turning your thermostat down a couple degrees if your home is too warm. I personally think that this lack of opportunity for accomplishment is what drives people to work so hard on both their careers and family. Because, what else is there to accomplish? This is not to say, that there aren't ways in which you can challenge yourself, because there absolutely are! You just have to search for those and purposefully take them on. Let's look at how you can do that. "The tragedy of life is often not in our failure, but rather in our complacency; not in our doing too much, but rather in our doing too little; not in our living above our ability, but rather in our living below our capacities." - Benjamin E. Mays There are many ways to challenge yourself. One of the best ways to challenge yourself comes from advice from Grant Cardone, which is to set 10X goals. This means set your goals 10x higher, and then follow up with massive action. The act of simply 10Xing your goals causes you to think differently to achieve them. You'll have to push yourself outside your comfort zone just to attempt to achieve that goal. You'll force yourself out of being comfortable and complacent. Setting a 10X goal will give you something difficult to try to accomplish. This, alone, is the root of what we all crave. It's in our makeup to overcome challenges, figure out new things, and defy the odds stacked against us. The harder the task, the better if feels to accomplish it. Need proof? Just think to a time in your life when you accomplished something difficult and how you felt after. I bet you felt a sense of accomplishment you don't usually feel. I'm not a clinical psychologist, and haven't spent my career researching the effects that accomplishing difficult challenges has on the human mind. But I do know the results of such in my own life have been profound, and I haven't even accomplished much! I'm just a engineer, real estate investor, and podcast host, trying to figure out my way in life. But these challenges on their own have been enough to push me outside my comfort zone, and cause me to change the way I think. From setting that 10X goal, it all starts with the first step. Maybe your goal is to earn $40,000 per month in passive income from cash flowing real estate. Sounds daunting, right? You just have to take that first step. Maybe that path looks something like buying a single family home, then a duplex, then a fourplex, then a small apartment building, then a larger, then larger, and you continue to repeat that process.

Brent Kawakami - Millennial, Engineer, Apartment Syndicator Brent is currently invested in 450 multifamily units in Texas, Georgia, and Ohio. He started investing in real estate in 2012 buying, rehabbing, and renting single-family houses in the Dallas, TX area but eventually sold these properties to move into multifamily. He is a protégé of Mark and Tamiel Kenney of Think Multifamily, owners of ~3000 multifamily units across cities like Dallas, Atlanta, and Memphis. Brent has a B.S. in Electrical Engineering from the University of Texas at Austin and is a registered Professional Engineer in the state of Texas. Key Points From engineer to apartment syndicator Engineering a life you want The importance of having a mentor Evaluating your strengths and weaknesses Lightning Questions What was your biggest hurdle getting started in real estate investing, and how did you overcome it? Lack of experience. Brent looked to people doing what he wanted, and learned from them. Do you have a personal habit that contributes to your success? Brent focuses on The Power 5 every day, which he writes in his notebook Do you have an online resource that you find valuable? BiggerPockets Podcasts! What book would you recommend to the listeners and why? Getting Things Done by David Allen If you were to give advice to your 20 year old self to  get started in real estate investing, what would it be? Start earlier - jump into real estate quicker! Resources Commercial Loan Success  Brent's BiggerPockets profile Contact Brent at Brent@hellomultifamily.com  Visit Audible for a free trail and free audio book download!

Real estate investing offers many benefits. One, and possibly the most important, is the ability to be passive. Passive income is a bit overstated in many cases. Even though receiving rental income seems passive, there are many things that go into cashing that rent check - education, analyzing properties, managing expenses, etc. However, real estate investing allows you to build systems and processes to automate certain tasks. Listen as we dive into automation strategies, that allow you to work on your business, rather than work in your business.  Key Points Wealth doesn't matter if you don't have freedom Why automation is important How to automate your business Dictate, delegate, & disappear 4 Steps to Automate Your Business Do what you love to do, and outsource the rest. Select a team - from virtual assistants to general contractors. Automate - delegate to your team and leverage technology. Do deals! Put the automation in action.  Resources www.jacobayers.com/event for special pricing to Jay's Live Event Oct. 10th, 11th, and 12th

David Pere - Marine, Investor, Entrepreneur David is an active duty Marine, and has been for 10 years, where he specializes in transportation and logistics, and has spent time as a recruiter for the military as well. Throughout his tenure, David has traveled all over the world, faced adversity, and learned from many cultures! He enjoys hiking, investing, and spending time with his family! In 2015 David was pointed towards real estate investing by a friend. After reading books and researching online he decided to take action and bought a duplex! David lived in one side, and rented the other side out to cover the mortgage payment. That moment changed his life for the better! From Military To Millionaire is David's journey, and his goal is to help you become a millionaire! Key Points House hacking a duplex to avoid paying rent Using a HELOC to buy an 10 unit apartment building Investing in continental United States, while living in Hawaii How to protect your downside Do not let your income limit your wealth Setting 10X goals Learn, network, and take action! Lightning Questions What was your biggest hurdle getting started in real estate investing, and how did you overcome it? Education was a hurdle. David delved into the world of real estate via podcasts, audio books, and networking. Do you have a personal habit that contributes to your success? David practices a morning routine inspired by Hal Elrod's The Miracle Morning. Do you have an online resource that you find valuable? BiggerPockets FromMilitarytoMillionaire.com What book would you recommend to the listeners and why? The Miracle Morning by Hal Elrod The 10X Rule by Grant Cardone The Book on Rental Property Investing by Brandon Turner Long Distance Real Estate Investing by David Greene If you were to give advice to your 20 year old self to  get started in real estate investing, what would it be? Read, network, and take action! Resources Commercial Loan Success  FromMilitarytoMillionaire.com  Visit Audible for a free trail and free audio book download!

So you bought a piece of real estate - great! Now what? Let's explore some exit strategies.  Key Points How to find qualified buyers for your property Building a buyers list Ensuring your property sells 5 Steps To Sell Your Property Build the buyers list - using FaceBook ads, newspaper classifieds, etc.  Stage the house. Kitchens and bathrooms are what sell a house, so focus there. Cookies don't hurt, either!  Promote the "event"! Create a short notice, 3 days prior to the open event. Use www.callfire.com for contact services.  Create an open house frenzy. Create a 1 hour Open House. It's important to hold the event to one hour, to create a sense of urgency.  Rinse and repeat! Resources www.jacobayers.com/event for special pricing to Jay's Live Event Oct. 10th, 11th, and 12th

Christian Montalvo is a young professional, food microbiologist, and real estate investor in the Dallas-Ft.Worth metro. Christian and her husband, Cameron, have house hacked their way to 8 units in less than two and a half years using conventional financing, sweat equity, and tons of hard work. Outside of working her full time job and building a real estate empire, Christian loves to spend time with her family, travel, exercise, read, and of course, listen to podcasts and audiobooks! Key Points Finding a financially sustainable lifestyle Investing in real estate as a recent college graduate with a full time job Using an FHA loan to buy  duplex How to refinance and use an FHA loan for a second time Goal setting - breaking 10X goals into daily tasks  Reinvesting cashflow to increase the velocity of money Lightning Questions What was your biggest hurdle getting started in real estate investing, and how did you overcome it? Saving up and getting financing for that very first investment property. By utilizing a low down payment, FHA loan, Christian and her husband, Cameron, were able to buy their very first duplex. Do you have a personal habit that contributes to your success? Christian practices the SAVERS methods from The Miracle Morning throughout her day. Do you have an online resource that you find valuable? Youtube.com BiggerPockets What book would you recommend to the listeners and why? The Miracle Morning by Hal Elrod The 10X Rule by Grant Cardone The ABCs of Real Estate Investing by Ken McElroy If you were to give advice to your 20 year old self to  get started in real estate investing, what would it be? Watch out for student loans! Resources Commercial Loan Success  Connect with Christian on Instagram here! Follow CCT Rentals for great real estate investing videos! Connect with Christian on BiggerPockets  Visit Audible for a free trail and free audio book download!

Using other people's money is critical for growing and scaling your real estate portfolio. From conventional bank financing to hard money, and everything in between, using other people's money gives you leverage to do more deals and control more real estate. Key Points How and why to use private money Raising money without asking for money Hard money vs. private money Building systems and processes to attract private money Where to find private money lenders Resources www.jacobayers.com/event for special pricing to Jay's Live Event Oct. 10th, 11th, and 12th

At the time of this episode airing, we are celebrating Labor Day, September 3rd, 2018. Traditionally, both Memorial Day and Labor Day have marked the beginning and end of summer. But each of these holidays has more meaning than just the coming and going of road trips, water sports, and heat waves. Labor Day marks a special time in United States history. As a nation that was founded on hard work, first agriculture then the industrial revolution, its people  have made the United States one of the most prosperous countries ever. It's with this same work ethic that many people still have today that drives our economy and society. However, work today looks different than it did during the late 1800's when Labor Day was first celebrated. Labor Day started out as a revolt against poor, unsafe working conditions as the Industrial Revolution was taking off. It was during this time when there were few to no labor laws and very low standards for work environments. Men, women, and children alike were submitted to long hours with little pay. It was around the 1890's these problems were recognized and American workers stood up to demand better working conditions. Today our society still has certain professions that are notorious for long working hours and tough schedules. But the labor strikes in the 1890's set the stage for much better conditions today. So why does all of this matter? Well for several reasons. First, as a real estate investor, you are not shy of hard work. Many people start out building their investment business as a side hustle, putting in hours outside of their day job, working nights and weekends. And for this, you hard work and dedication to helping yourself and others is recognized and applauded. Secondly, it's jobs that make our society function. Jobs indicate production, be that an assembly line worker at an automobile manufacturing plant, an accountant auditing financial statements of a Fortune 500 company, or the bank teller at your local bank managing deposits and withdraws for your bank account. Without jobs, we would just consume and not produce. This is the equivalent to swiping your credit card all the time, but never earning a paycheck to be able to pay for those things. And lastly and most importantly, jobs are what pay you as a real estate investor, rent every month. Without jobs, tenants cannot afford to pay rent, and without rent, your real estate investment will probably not fair well. So to those of you working, creating jobs for others, and investing so that others can have a better quality of life, congratulations. Keep it up. Our nation needs you. Well let's get into the more nuts and bolts of this week's episode. I wanted to give our guests a break from their work this week, in respect of labor day, so today it's just you and I. If you'll recall, last week in Episode 137 with Clayton Morris, we discussed the 7 steps to your first rental property. To recap those seven steps, they were: 7 Steps to Your 1st Rental Property Set a goal.  Write that goal down and put it where you will see it every day. Reverse engineer your Freedom Number, and determine what it will take to reach that. Find a deal. Use wholesalers, turn key providers, real estate agents, or hunt for deals on your own. Calculate the Return on Investment (ROI). ROI = (Monthly Rent x 12 months x 0.6) / All in cost of property Take action! Analyze deals, make offers, and follow through with consistent action. Don't get stuck in analysis paralysis. Get a property inspection. This will help you protect your downside. You will uncover any potential problems with the property and use that information to determine if you want to purchase the property. Find a property manager Rinse and repeat! Today we're going to focus on analyzing deals and how you can turn this process into a relatively easy one wi...

Build and track your foreclosure system - Jay reviews records twice a week at the local courthouse Build a direct mail campaign Analyze property and get an inspection Control the deal in 1 of many different ways (i.e. - subject to, seller financing, private money, lease option to purchase, traditional financing, etc.) Exit the property  (wholesale, rehab and retail on the MLS, sell on rent-to-own, or lease option) Win/Win/Win/Win Seller with debt relief Private lender on secured ROI New buyer gets a home Lastly, you, the investor

7 Steps to Your 1st Rental Property Set a goal.  Write that goal down and put it where you will see it every day. Reverse engineer your Freedom Number, and determine what it will take to reach that. Clayton provides a free resource to help you determine your freedom number. Check it out here. Find a deal. Use wholesalers, turn key providers, real estate agents, or hunt for deals on your own. Calculate the Return on Investment (ROI). ROI = (Monthly Rent x 12 months x 0.6) / All in cost of property Take action! Analyze deals, make offers, and follow through with consistent action. Don't get stuck in analysis paralysis. Get a property inspection. This will help you protect your downside. You will uncover any potential problems with the property and use that information to determine if you want to purchase the property. Find a property manager Rinse and repeat!At age 13, Clayton saw his dad lose his job. Ever since then he had a fear about money, and he always knew there had to be a more entrepreneurial way of creating wealth. He got into real estate investing to secure a future for his family so they didn’t have to go through the same financial pain as he did growing up. After years of success building up an enormous amount of passive income through real estate investing, Clayton started Morris Invest because he realized his passion is in helping first time real estate investors learn they don’t have to just work for a paycheck, and they don’t need $1 million to achieve financial freedom. Key Points How to calculate your Freedom Number Going from a high profile job as a cable network news anchor, to a full time real estate investor Be, Do, & Have process Understand your "why" Money, people, and a deal - you only need 2 of these to get started Lightning Questions What was your biggest hurdle getting started in real estate investing, and how did you overcome it? Lack of education on where to start. Do you have a personal habit that contributes to your success? Clayton journals and meditates every morning. Do you have an online resource that you find valuable? Slack.com What book would you recommend to the listeners and why? The Four Spiritual Laws of Prosperity by Edwene Gaines If you were to give advice to your 20 year old self to get started in real estate investing, what would it be? Block out all distractions. Buy and hold real estate is the number one way to build wealth. Resources Visit Audible for a free trail and free audio book download! Morris Invest

It takes a lot of days and nights to become an overnight success. Here are 5 things you can do every day to position yourself for success down the road. Read every single day. Reading is like fuel for your mind. It exercises your brain, while taking in what could be valuable information (depending on what you're reading). Set aside 10 minutes every morning to read. Keep your book by your nightstand and every night before bed read a few pages, rather than surfing social media, watching TV, or staring at the ceiling. Write down goals every day. The act of writing down your goals has been proven is many scholarly studies to increase your chances of achieving those goals. It keeps the goal at the forefront of your mind. Once you have that big goal, break it into monthly, weekly, and even daily steps to achieve. Listen to podcasts. You're already doing this so great for you! Running, commuting, and working out are great times plug in some headphones and catch up on your favorite podcasts. Do something, no matter how big or small, every day. Consistent action turns into habits. These habits will generate long term results far beyond your imagination. Replace bad habits with good ones. By eliminating a bad habit, you're shedding dead weight. By replacing it with a good habit, you're just adding fuel to your fire to become an unstoppable machine! For example, you could cut back on your use of social media, and replace it with said podcast/book/reviewing your goals.Real estate investing is a lot like climbing Mt. Kilimanjaro. But before you ever take that first step, there are things you can and should to to prepare yourself. We'll lay these three simple things out, and dive into each in detail. Education Network Analyze deals & make offers

Larry has been investing in real estate for over 30 years. Previously,Larry served as president of the Metrolina Real Estate Investors Association in Charlotte NC, a not-for-profit organization that has over 350 members and is the local chapter of the National Real Estate Investors Association. Larry is an active real estate investor and travels throughout the United States speaking and training audiences at conventions, expos, and Real Estate Investment Associations on his strategies for buying and selling houses. Larry has also written several books on real estate investing that are available wherever books are sold.

In this episode we're going to focus on the relationship component. Life is full of relationships, from family and friends, to coworkers and casual acquaintances, to your hair stylist or the barista at your local coffee shop. Our lives are built around intricate webs of relationships. In fact, it's been this way for millennia. Here's one example to prove just how important relationships are to us. One of society's most severe forms of punishment is solitary confinement and isolation. We, as humans, are social creatures. We thrive on interacting with other humans. Yes, even introverts need human interaction from time to time. It should be no surprise, that relationships play a vital role in our lives, and ultimately our success. Real estate investing is a lot like climbing Mt. Kilimanjaro. But before you ever take that first step, there are things you can and should to to prepare yourself. We'll lay these three simple things out, and dive into each in detail. Education Network Analyze deals & make offers

Matt Faircloth is the President and Co-founder of The DeRosa Group which is a developer and owner of commercial and residential property with a mission to “transform lives through real estate." Matt got started investing in Real Estate 12 years ago, with a $30,000 loan as seed capital. Since then he has grown from nothing to a 6 person company controlling over 150 units of residential and commercial properties throughout New Jersey and Pennsylvania. DeRosa who is based in Trenton, NJ has completed over 15 million in real estate transactions involving private capital including fix and flips, single family home rentals, mixed use buildings, apartment buildings, and tax lien investments.

Inaky Strick began his real estate career at Sotheby's International Realty where he represented luxury custom builders. He then moved down to the Caribbean to become the Business Development Manager for Mahogany Bay Village; the largest and first luxury branded resort in the country of Belize. Today, Inaky is the Director of Investor Relations at Four Peaks Capital Partners, a private real estate investment firm that focuses on mobile home park communities and gives accredited investors the opportunity to invest passively. He is also a #1 Amazon bestselling co-author of The One Thing That Changed Everything. Endorsed by Brian Tracy, this book is for anyone who is seeking mentors who have found a path to success.