Chris Long, the founder of Long Yards, shares his unique approach to self-storage investing. Long Yards focuses on providing storage solutions for businesses, particularly those with heavy equipment. Chris discusses how he determines demand for this type of storage, the stickiness of the business model, finding opportunities through new development or existing facilities, underwriting and expenses, lease agreements and tenant management, dealing with non-paying tenants, financing options, and balancing work and family life. He also emphasizes the importance of mindset and personal growth in building a successful business. Set up with Stessa: https://stessa.sjv.io/c/2425882/1152983/14113

How can you use real estate investing to break free from the 9-to-5 job and focus on your passion?   Host Taylor Loht interviews Zach Schnall, AKA DJ Bander, to share how he used his real estate portfolio to focus on his true passion: music. Zach shares his journey of utilizing union wages and early business success to save and invest in real estate, ultimately enabling him to dedicate his time to creating and performing music. Throughout this episode, Zach opens up about the strategies and systems he employed to build and manage his real estate portfolio without it becoming a distraction from his musical pursuits. He also shares valuable insights on identifying the right investment opportunities, the importance of building a strong network, and the challenges and benefits of 1031 exchanges.   [00:00 - 03:45] How did DJ Bander’s entrepreneur journey start? Saving and investing in real estateBalancing the time between real estate, marketing, and musicThe importance of having a diverse skill set to monetize   [03:46 - 14:00] Strategies for Building a Real Estate Portfolio The advantages of being a minority investor in larger propertiesThe significance of hiring the right property managers and vendorsAdapting investment strategies to fit available opportunities and capital   [14:01 - 18:36] Navigating 1031 Exchanges and Market Challenges The complexities and benefits of 1031 exchangesDeciding when to sell and pay taxes versus utilizing a 1031 exchangeThe impact of the cannabis industry on industrial real estate in Los Angeles   [18:37 - 28:11] Using Real Estate to Pursue Your Passions Using real estate income to buy time for starting other businesses or pursuing creative endeavors.The importance of living below your means and saving for future investments.DJ Bander’s advice for aspiring investors and entrepreneurs.     Quotes: "You want to use real estate as a way to buy yourself time to do it, to start another business or to start something else." - DJ Bander   "Try to live on a half, to two thirds of what you make. If you do that, you have no choice but to make money and have more." - DJ Bander     Connect with DJ Bander:  Instagram: https://www.instagram.com/djbander/ Website: https://banderproductions.com/     Apply to Invest with Taylor at www.investwithtaylor.com Track your wealth for free with Personal Capital, go to www.escapingwallstreet.com Please leave a review and help others escape Wall Street and build wealth on Main Street!

How can you build a successful land investing business that allows you to take vacations and step away from the day-to-day operations?   In episode 716, host Taylor Loht interviews Dan Haberkost, a young land investor who has built a business that enables him to do deals from a distance and take extended vacations. Dan shares his journey, starting at the age of 21, and discusses his approach to land investing. He explains how he focuses on interesting land deals in the Southeast, building teams and systems that allow him to step away from the business. Throughout the conversation, Dan shares valuable insights into his business model, his thoughts on the current market, and the importance of building a business with the right people and processes in place.   [00:00 - 06:45] Misconception about Land Investing How the land investing market works.Subdivisions with existing infrastructure VS. Raw Land.Using local experts to help assess deals in different markets.   [06:46 - 18:22] Identifying the Right Seller and Building Rapport to Close Deals Identifying your seller: who is it and what are their motivations?Building legitimacy and differentiating oneself from other investors is crucial for getting deals.Understanding short-term deals and long-term ones.    [18:23 - 25:33] Building a Business with Systems and Teams Learning the process yourself before hiring others is essential.Creating standard operating procedures (SOPs) and finding reliable title companies and realtors are key to success.Hiring the right people and improving the system.    [25:34 - 31:35] The Entrepreneur's Journey and Future Plans Building a network and working with referrals has been effective in finding good team members.There's no specific moment of "making it," and the focus should be on continual growth and pursuing enjoyable aspects of the business.Prioritizing people, planting long-term seeds, and maintaining perspective are essential for long-term success.   Quotes: "Good people and good systems is the key, as with any business." - Dan Haberkost   "Business should never be the first priority. People should. Don't forget to plant the long-term seeds amongst all the short-term profits." - Dan Haberkost   Connect with Dan Haberkost:  Website: https://danhaberkost.com/ Podcast: Big Picture Blueprint    Apply to Invest with Taylor at www.investwithtaylor.com Track your wealth for free with Personal Capital, go to www.escapingwallstreet.com Please leave a review and help others escape Wall Street and build wealth on Main Street!

Taylor discusses the importance of eliminating distractions and staying focused on our goals. He shares his personal experience with implementing a system to eliminate digital distractions and the challenges he faced. Taylor emphasizes the need to restart and recommit to the elimination of distractions to maintain focus. He also highlights the negative impact of engaging with content that focuses on the problems in the world and encourages listeners to focus on the positive and the things they can control. Taylor concludes by encouraging listeners to build a system that eliminates negative influences from their information diet and prioritize what is important in their lives.

How can you use your unique strengths to succeed in real estate investing, despite starting with limited funds?   In episode 714, host Taylor Loht sits down with Stephanie Cabral to talk about her journey from being an underemployed attorney to building a $3 million real estate portfolio as an accidental investor. Stephanie shares how she used the BRRRR (Buy, Rehab, Rent, Refinance, Repeat) strategy to build her portfolio, focusing on value-added improvements and creative financing techniques. She also shares her tips for managing properties remotely and the importance of building systems and teams to achieve time and location freedom. Stephanie's story is proof of the power of resourcefulness, determination, and seizing opportunities when they arise.     [00:00 - 06:05] From Underemployed Attorney to Real Estate Entrepreneur How Stephanie's journey began.Using a 203k loan for her first deal, gaining construction experience with minimal risk.The potential for appreciation and cash flow in real estate investing.   [06:06 - 13:38] Mastering the BRRRR Strategy Focus on value-add improvements to maximize appreciation.Techniques for cost-effective upgrades.Exploring creative financing options, such as hard money lending, private money, and tax credits.   [13:39 - 22:20] Building Systems and Teams for Time and Location Freedom The importance of creating checklists and standard operating procedures.Outsourcing tasks.Distributing the team to improve operations.    [22:21 - 29:37] Advice for Aspiring Investors Focusing on competitive advantages.Building relationships with potential partners.The benefits of self-managing properties for better tenant quality and cash flow, as well as the option of passive investing through syndications.   Quotes:   "The more nos you get, the closer you are to a yes." - Stephanie Cabral   "What are your competitive advantages, and how can you take advantage of that?" - Stephanie Cabral   "If you start a business that depends entirely on you, you didn't buy a business, you bought a job." - Stephanie Cabral, referencing Michael Gerber's "The E-Myth"   Connect with Stephanie Cabral:  Website: https://www.theleanlandlord.com/ Instagram: https://www.instagram.com/leanlandlord/   Apply to Invest with Taylor at www.investwithtaylor.com Track your wealth for free with Personal Capital, go to www.escapingwallstreet.com Please leave a review and help others escape Wall Street and build wealth on Main Street!

In this episode, we speak with David Kamara, a long-time real estate investor, about his experience and knowledge of the market. They discuss the importance of patience in real estate investing and how to remain patient as the market changes. David emphasizes the need for a well-thought-out business plan and the importance of executing it operationally. They also talk about the challenges of real estate investing and the importance of focus in order to achieve success. David shares his insights on scaling a real estate portfolio and the role of property management in managing operations. He recommends the book 'The Millionaire Real Estate Investor' and shares his inspiration from the movie 'The Banker'. Finally, David advises his younger self to never sell anything in real estate. Manage your properties with Stessa: https://stessa.sjv.io/c/2425882/1152983/14113

What are the biggest risks when dealing with foundation issues, and how can real estate investors avoid expensive problems?   In episode 712, host Taylor Loht sits down with Bob Brown, a foundation repair expert who built a successful foundation repair business and invested in residential and commercial properties along the way. Bob shares how investors can arm themselves with knowledge when dealing with potential foundation issues and foundation contractors. He emphasizes the importance of seeking the advice and guidance of an independent, forensic engineer before approaching contractors. Bob also discusses the various technologies and solutions used in foundation repair, including foam, helical piers, and compaction grouting. Throughout the interview, Bob explains the importance of making informed decisions based on expert advice rather than relying on the opinions of foundation repair salespeople.   [00:00 - 03:51] Understanding the Foundation Repair Industry Bob Brown’s background in foundation repair and property investment.The role of foundation health in real estate investment.Misconceptions about foundation repair and the importance of expert assessment.   [03:52 - 10:43] Diagnosing Foundation Problems Correctly The necessity of having a civil engineer diagnose foundation issues.Challenges in finding unbiased assessments from contractors.The difference between engineers and sales-driven contractors in foundation evaluation.   [10:44 - 13:00] Economic Viability of Foundation Repairs Cost considerations in repairing vs. demolishing structures with foundation issues.Bob’s experience with large-scale foundation repairs and their economic implications.Identifying how bad the foundation damage is and how easy it is to fix.   [13:01 - 22:58] Advanced Foundation Repair Technologies Evolution of foundation repair technologies and their application.The benefits and limitations of using foam for leveling slabs.Comprehensive solutions for underpinning and soil stabilization.   [22:59 - 26:38] Questions Round Book: Foundational Repair Secrets by Bob Brown. Recommendations: Cosmos by Carl Sagan.The importance of eating, sleeping and exercising well.    Quotes:    "If you're doing those things and you're not an engineer, you're practicing engineering without a license." - Bob Brown   "Exercise, get the right amount of sleep, and eat right." - Bob Brown     Connect with Bob Brown:  Website: https://foundationrepairsecrets.com/   Apply to Invest with Taylor at www.investwithtaylor.com Track your wealth for free with Personal Capital, go to www.escapingwallstreet.com Please leave a review and help others escape Wall Street and build wealth on Main Street!

How can preferred equity deals help developers navigate the current real estate market challenges while offering attractive returns to investors?   In episode 711, host Taylor Loht welcomes Darin Davis, a real estate investor who has successfully executed transactions approaching $1 billion through his investment firms. Darin shares his perspective on the current real estate market and how preferred equity deals can benefit both developers and investors. He talks about the challenges developers face in the current market, including rising interest rates, falling valuations, and reduced loan proceeds. Darin explains how preferred equity can help developers bridge the gap and complete their projects while offering investors attractive returns with a defined timeframe and a safer position in the capital stack. Darin emphasizes the importance of underwriting, and being focused on class A assets in prime locations. He also shares his perspective on the current market compared to previous recessions and offers advice for young people looking to build a strong financial foundation.   [00:00 - 05:40] Challenges Facing Developers in the Current Market Rising interest rates, falling valuations, and reduced loan proceeds.How preferred equity can help developers bridge the gap and complete their projects?Preferred equity offers investors attractive returns with a defined timeframe and a safer position in the capital stack.   [05:41 - 13:03] Navigating Preferred Equity Deals Due diligence and underwriting are crucial when evaluating preferred equity deals.Advice for Investors: look for deals with a significant amount of common equity behind their capital to provide a safety net.Preferred equity investors should have the ability to cure and take control of the asset if necessary.   [13:04 - 20:50] Focusing on Class A Assets in Prime Locations Why Darin's company focuses on class A assets.Targeting development projects near the end of construction or lease-up.Why preferred equity deals are easier to underwrite. Reputation is key in the real estate industry.   [20:51 - 24:09] Comparing the Current Market to Previous Recessions Darin’s perspective on the current market. Discounted assets VS Distressed assets in the current market.Opportunities for the next few years.    [24:10 - 32:41] Question Round Book recommendation: The One Thing by Gary Keller. Storytime: saving and preparing for life's unexpected turns. Advice for young people starting their financial journey.    Quotes:   "I would encourage young people to really focus on who and what you want to be early in your life because what happens in those first 10 years of your life for most everybody will determine what happens the rest of your life." - Darin Davis   “Find the one thing that you're good at and just go." - Darin Davis   Connect with Darin Davis:  Website: https://clubcapital.co/   Apply to Invest with Taylor at www.investwithtaylor.com Track your wealth for free with Personal Capital, go to www.escapingwallstreet.com Please leave a review and help others escape Wall Street and build wealth on Main Street!

Summary In this episode, Taylor discusses the book 'Crucial Conversations' and its impact on his personal and business life. He emphasizes the importance of dealing with others effectively and provides tools for navigating crucial conversations. The first tool is recognizing when a conversation is becoming crucial and taking the opportunity to bring down the temperature. The second tool is asking three important questions: what do I want for myself, what do I want for others, and what do I want for the relationship. Taylor concludes by encouraging listeners to practice these tools consistently and pick up a copy of 'Crucial Conversations' for further guidance.

What strategies can real estate investors use to successfully transition from investing in single-family homes to commercial properties?   In episode 709, host Taylor Loht sits down with Adam Craig, the founding member of CLE Real Estate Group, to discuss his journey from single-family investing to non-residential commercial real estate. Adam shares valuable insights on how he navigated the challenges of transitioning to office and retail properties, the importance of aggressive marketing, and the advantages of managing commercial properties compared to residential ones. Throughout the conversation, Adam emphasizes the significance of buying right, finding the right tenants, and adapting to market conditions to succeed in the commercial real estate space.   [00:00 - 05:53] From Single-Family Homes to Office Buildings Adam's journey from owning 70 single-family homes to purchasing his first office buildingThe impact of the pandemic on Adam's first leasing experienceThe realization that success in leasing during the pandemic could lead to greater opportunities   [05:54 - 10:22] Filling Office Vacancies Strategies for finding tenants: using Facebook marketingOffering nice buildings at competitive prices to attract tenantsRaising private money for acquisitions and the importance of building a strong network   [10:23 - 15:44] The Art of Buying Right and Adding Value Focusing on value-add properties The range of rehab projects, from simple upgrades to complete renovationsBalancing the intensity of rehab with the potential for increased value   [15:45 - 23:09] Diversifying with Retail  Breaking large spaces into smaller units to attract more tenantsThe resilience of smaller retail tenants despite the challenges faced by larger playersThe suburban Cleveland market and the differences compared to major metro areas   [23:10 - 26:07] Lessons Learned and question round Recognizing the intensity of single-family investing and considering alternativesThe value of mentorship and learning from experienced investorsThe wisdom of slowing down, enjoying life, and spending time with family   Quotes:   "It takes a lot of work, but when you can turn a $500,000 investment into a $1.5 million investment in a two-year period, it's worth the effort." - Adam Craig    "The good thing about real estate is there's so many avenues you can take." - Adam Craig    Connect with Adam Craig:  Website: https://www.cleinvest.com/ Instagram: https://www.instagram.com/adamtheinvestor/   Apply to Invest with Taylor at www.investwithtaylor.com Track your wealth for free with Personal Capital, go to www.escapingwallstreet.com Please leave a review and help others escape Wall Street and build wealth on Main Street!

Zachary Jensen, a tax expert and real estate investor, joins us to talk about tax-advantaged retirement accounts, specifically the IRA and Roth IRA. They discuss the basics of the IRA, including contribution limits and deductions. They also explain the differences between Roth and traditional IRAs, highlighting the tax advantages of the Roth IRA. The conversation then delves into the backdoor Roth IRA strategy for higher income earners and the mega backdoor Roth IRA strategy, which allows for larger contributions. They discuss the tax implications of these strategies and the importance of consulting with a CPA. The episode concludes with book recommendations and advice from Zachary's future self.   Join Stessa at www.escapingwallstreet.com Investing with Taylor at www.investwithtaylor.com

What does it take to build a successful real estate business and sell it to institutional buyers?   In episode 707, host Taylor Loht talks with Brittany Fairweather. She is a Licensed Real Estate Agent who managed to sell her company to institutional buyers. Her journey in the real estate world is an inspiring story of identifying opportunities, adapting to market shifts, and consistently delivering solutions that meet investors' evolving needs. Despite her unconventional start as a musical theater major, Brittany's entrepreneurial spirit and listening skills lead her to establish and sell multiple successful companies. Listen to this episode to learn how she managed to do it and earn valuable lessons in the real estate market.    [00:00 - 08:11] Starting the Real Estate Journey Brittany's transition from a musical theater major to the real estate industry.Her first real estate partnership opportunity with a mortgage brokerage.Recognizing the market cycles and finding the entrepreneurial journey.   [08:12 - 13:50] From Conventional Mortgage to Creating a New Model Establishing a private lending company. Their institutional approach attracted opportunities with banks, enabling them to scale. Growing strategically in the market. Diversification of their portfolio, market concentration, and client base.    [13:51 - 20:08] Selling Businesses and Embracing New Challenges Selling the lending company and auction platform to institutional buyers. The importance of having diverse capital sources.Listen to clients' needs and provide innovative solutions.    [20:09 - 25:20] Building a New Real Estate Empire Brittany's passion for real estate led her to start a new business. Sailing rental properties to institutional investors.The start of TRX Capital, which provides end-to-end financing for investors.   [25:21 - 28:48] Question round Brittany's advice from her 80-year-old self. The importance of having a good team.    Quotes:    “What we could attribute a lot of our success to is being able to listen to our clients and our relationships and our investors, and be able to provide a solution.” Brittany Fairweather     Connect with Brittany Fairweather:  Website: https://www.trxcapfund.com/ Instagram: https://www.instagram.com/trxcapfund/ E-mail: brittney@trxcapfund.com   Apply to Invest with Taylor at www.investwithtaylor.com Track your wealth for free with Personal Capital, go to www.escapingwallstreet.com Please leave a review and help others escape Wall Street and build wealth on Main Street!

How can businesses grow while preserving their core values?   In episode 706, host Taylor Loht sits down with Jason Henneberry, the co-founder and COO of Tango Financial, Canada's largest mortgage brokerage. Jason shares his journey of scaling Tango Financial to fund over 4.7 billion in mortgages annually through strategic acquisitions and organic growth. He shares the challenges of change management, the importance of protecting the core business while expanding outwards, and the innovative strategies he employed to manage his time and energy across multiple ventures. Jason's wisdom and real-world experiences offer valuable lessons for entrepreneurs and leaders seeking to scale their businesses while maintaining a healthy work-life balance.   [00:00 - 04:17] Forecasting and Performance Management Utilize hard data and gut instincts to forecast performance.Establish reporting mechanisms that encourage honest and transparent communication.   [04:18 - 10:40] Scaling Through Strategic Acquisitions The early starts of TangoIdentifying how change management is essential for the implementation of new processes.The importance of setting a vision. Domain expertise for successful acquisitions.   [10:41 - 17:04] Finding a long-term business opportunity Aligning your preparation to be ready when there is an opportunity. The importance of understanding market conditions and industry trends. How to keep going after finding a model that works?Test new ideas and initiatives outside the core business before integrating them.   [17:05 - 23:06] Time and Attention Management 60-day cycle with periods of execution followed by downtime for rest and planning.Align work cycles with natural downtime periods to promote work-life balance.The benefits of setting work periods.    [23:07 - 28:32] Advice for Entrepreneurs  "Good to Great" by Jim Collins is Jason's number one book recommendation.The power of constantly creating. The importance of keep going.    Quotes: "Protect the core and then expand outward.” - Jason Henneberry   “It's never the wrong time to try again. You don't have to wait until January 1st to give it another shot. You can restart.” - Taylor Loht     Connect with Jason Henneberry:  Instagram: https://www.instagram.com/jasonhenneberry/ Facebook: https://www.facebook.com/henneberryjason TikTok: https://www.tiktok.com/@jasonhenneberry     Apply to Invest with Taylor at www.investwithtaylor.com   Track your wealth for free with Personal Capital, go to www.escapingwallstreet.com   Please leave a review and help others escape Wall Street and build wealth on Main Street!

Investing with Taylor at www.investwithtaylor.com  Start with Stessa at https://stessa.sjv.io/c/2425882/1152983/14113 In this episode, Coach Dan Gordon discusses the importance of addressing internal problems and overcoming fear in order to achieve success in business and real estate investing. He shares personal experiences and highlights the need to be kind to oneself and take risks. The key takeaway is to persist in the face of failure and learn from mistakes in order to grow and achieve greatness. Takeaways Addressing internal problems is crucial for success in business and real estate investing.Being kind to oneself and accepting fear as valid can help overcome internal barriers.Persistence and learning from mistakes are essential for growth and achieving greatness.Service and helping others can be a source of inspiration and motivation.

Could understanding the mysterious 18.6-year real estate cycle be the key to unlocking unparalleled investment opportunities?   In this enlightening episode of the Passive Wealth Strategy Show, host Taylor Loht welcomes Chris Larson, a real estate investment guru with over two decades of experience. Chris delves into the intriguing concept of the 18.6-year real estate cycle, a pattern that has seemingly dictated the ebb and flow of property values throughout history. With a mix of personal anecdotes, historical analysis, and expert insights, Chris and Taylor explore how this cycle can impact investment strategies, the role of human psychology in market dynamics, and practical tips for navigating the inevitable ups and downs of the real estate market. Whether you're a seasoned investor or new to the game, this episode offers valuable perspectives on making informed decisions in an unpredictable landscape.   Christopher Larsen is the founder and Principal of Next-Level Income. After 18 years in the medical device industry he dedicates his time to helping others become financially independent through education and investment opportunities. Chris has been investing in and managing real estate for over 20 years. He has experience in development, private-lending, distressed debt as well as commercial office, and syndications including assets across: multifamily, self-storage, hotels, mobile home parks, car washes and senior housing. Since 2016 he has been actively involved in over $1.5B of real estate acquisitions. [00:00:00 - 00:05:00] The Lure of Real Estate: Introduction to Chris Larson and the foundational concepts of real estate investment. Chris Larson's background and approach to real estate investment.The allure of high-margin properties and diversified investment strategies.Preparing for market fluctuations by accumulating cash.   [00:05:00 - 00:10:00] Unraveling the 18.6-Year Cycle: Deep dive into the concept of the 18.6-year real estate cycle and its historical significance. Historical patterns and the genesis of the 18.6-year cycle.The impact of demographics and deal specifics on investment decisions.The role of land value in real estate appreciation.   [00:10:00 - 00:15:00] Human Psychology & Market Dynamics: Exploring the influence of human nature and psychological patterns on real estate trends. Generational forgetting and the repetition of history in market cycles.The psychological underpinnings of investment decisions.The importance of understanding human behavior in predicting market movements.   [00:15:00 - 00:20:00] Black Swan Events & Real Estate: Discussing the impact of unforeseen global events on the real estate cycle. The role of black swan events in disrupting traditional market cycles.Potential future risks, including the U.S. debt level and currency crises.Strategies for mitigating risks associated with unpredictable global events.   [00:20:00 - 00:25:00] Practical Investment Strategies: Practical tips for navigating the real estate market based on the cycle's insights. Importance of low leverage and high-quality investments nearing cycle downturns.The value of maintaining cash reserves and liquidity.Long-term trend betting versus short-term speculation.Book recommendation: The Secret of Real Estate and BankingWho inspires Chris?: Elon Musk   Quotes:   "Understanding the 18.6-year cycle gives us a lens through which to view potential investment opportunities and risks." - Chris Larson   "Real estate is not just about the structures we build but the land upon which they stand." - Chris Larson   Connect with Chris:   Website: https://nextlevelincome.com/   Apply to Invest with Taylor at www.investwithtaylor.com Track your wealth for free with Personal Capital, go to www.escapingwallstreet.com

Learn about investing with Taylor at www.investwithtaylor.com   Summary Joseph Gozlan, a commercial real estate investor and broker, discusses his investment strategies in retail and industrial properties. He focuses on triple net properties, where the landlord passes on expenses to the tenant. In the retail space, he looks for neighborhood retail strips that cater to service-based businesses. He explains that while Amazon has disrupted retail, there is still a need for physical stores. In the industrial space, he prefers flex buildings that cater to blue-collar businesses, e-commerce startups, and individuals with storage needs. He also compares the lease terms and market dynamics of retail/industrial to multifamily/residential properties. Takeaways Triple net properties allow landlords to pass on expenses to tenants, making them a favorable investment option. Neighborhood retail strips that cater to service-based businesses are still in demand despite the rise of e-commerce. Flex industrial buildings are versatile and cater to blue-collar businesses, e-commerce startups, and individuals with storage needs. Lease terms and market dynamics differ between retail/industrial and multifamily/residential properties, making each asset class suitable for different market conditions.

How can small business owners find financial peace of mind while still pursuing entrepreneurial ventures?   In this episode, Amanda Neely shares her journey from coffee shop owner to certified financial planner. She offers insights on achieving financial stability for small business owners, securing flexibility and work-life balance as an entrepreneur, and discovering fulfillment by serving others. Her story is a proof of resilience, strategic planning, and the importance of building a supportive community around your entrepreneurial ventures.   [00:00 - 13:57] Rethinking the professional path  Analyzing where you are on your journey and where you would like to go. Breaking points and decision making.Following a timeline and a financial plan. Taking advice from a mentor.    [13:58 - 16:44] Redefining Financial Freedom  Defines financial freedom not by money but by impact through mentoring others.Focuses first on family and community, knowing the money will follow.Sets guardrails so she can give value without giving everything away.   [16:45 - 19:42] Getting out of risk of bankruptcy Switched from paying down debt to saving into an emergency fund policy.Used policy loans rather than savings to pay off debt all at once.Became "own source of financing" with more control.   [19:43 - 25:27] Crafting Routine for Both Business and Family Uses daily anchors like cooking dinner to transition from work mode.Finding support with her husband to balance work and family time.   Quotes:   "You've got to do it with a team. You can't do it on your own." - Amanda Neely   "Financial freedom for me is... about the impact, how my time is being used." - Amanda Neely     Connect with Amanda:  Website: https://www.wealthwisdomfp.com/     Apply to Invest with Taylor at www.investwithtaylor.com   Track your wealth for free with Personal Capital, go to www.escapingwallstreet.com   Please leave a review and help others escape Wall Street and build wealth on Main Street!

How can the conservative yet burgeoning market of Salt Lake City redefine multifamily real estate investing in an era of economic fluctuations?   In this episode, Taylor Loht welcomes Brian Briscoe, a seasoned real estate investor and retired U.S. Marine, to discuss the intricacies of multifamily real estate investing, particularly in the promising market of Salt Lake City, Utah. Amid high-interest rates and market turmoil, Brian shares his journey from military service to real estate success, focusing on strategic market selection, the importance of growth areas, and navigating current challenges. Their conversation offers invaluable insights into long-term investment strategies, the impact of economic cycles on real estate, and the potential of Salt Lake City as a prime investment location.   Brian Briscoe is the founder and Visionary of Streamline Capital Group and has been a general partner in 1100 units worth over $120 million and has been lead sponsor, asset manager, capital raiser, and key principal on these properties. He founded Streamline Capital Group to provide long-term growth and cash flow for its investors. [00:00:00 - 00:05:00] The Strategic Pivot to Salt Lake City   Brian's shift to focusing on Salt Lake City for multifamily investments.Salt Lake City's rapid growth and vibrant economy offer unique investment opportunities.The importance of selecting a market with potential for long-term growth.Navigating high interest rates and prices by focusing on strategic geographical areas. [00:05:00 - 00:10:00] Navigating Market Challenges   Discussion on the current state of the market and strategies for dealing with distressed properties.Salt Lake City's conservative fiscal culture minimizes distressed property occurrences.Strategic acquisitions in a tight market.The role of patience and timing in capitalizing on market challenges.   [00:10:00 - 00:12:00] Education and Aspirations in Real Estate   Brian talks about the slowdown in real estate education interest and maintaining aspirations.The impact of market conditions on education and new investor entry.The importance of timing and preparation in real estate investing.Encouragement to persist despite challenging market conditions. [00:12:00 - 00:15:00] Adapting Business Strategies   Exploring the value-add business model and adjustments to business plans.The necessity of flexible exit strategies in uncertain times.Adapting investment strategies to current market conditions.The shift towards assuming loans for better investment terms.   [00:15:00 - 00:19:00] Loan Assumption and Closing Thoughts   Insights into the loan assumption process and Brian's personal and professional reflections.The benefits and challenges of loan assumption as a strategy.The importance of a strong team and financial qualifications.Reflections on personal motivations and long-term visions in real estate.Book recommendation: The Book of MormonWho inspires Brian?: His kids.  Quotes:   "The best thing you can do is pick an area that's going to grow." - Brian Briscoe    "The pendulum rarely stays on one extreme for very long." - Brian Briscoe Connect with Brian: Website: https://www.streamlinecapitalgroup.com/   Apply to Invest with Taylor at www.investwithtaylor.com Track your wealth for free with Personal Capital, go to www.escapingwallstreet.com Please leave a review and help others escape Wall Street and build wealth on Main Street!

First article: https://www.justice.gov/usao-nj/pr/leader-real-estate-investment-firm-admits-role-658-million-ponzi-scheme-and-multimillion Second article: https://patch.com/new-jersey/secaucus/nick-salzano-secaucus-pleads-guilty-658-million-ponzi-scheme Someone just pled guilty to a heap of charges on a $658 Million Ponzi scheme with National Realty Investment Advisors (NRIA). What can real estate investors learn so we can protect ourselves and avoid investing in a Ponzi scheme?

Can the bridge between institutional-level real estate analytics and the individual investor not only demystify the market but also unlock unprecedented opportunities for wealth building?   In this episode of the Passive Wealth Strategy Show, host Taylor Loht welcomes Trevor Richardson from Address Income, revealing the fusion of technology and personalized expertise in real estate investing. Discover how Trevor's innovative brokerage is revolutionizing the way investors, from beginners to veterans, navigate the complexities of the market with institutional-level analytics tailored for the individual. With insights into avoiding common pitfalls and leveraging data for smarter investment decisions, this conversation is a treasure trove for anyone looking to elevate their real estate investment game.   Born and raised in Reno, Nev., Trevor launched his real estate career as operations manager for multiple private equity funds that focused on acquiring and renovating distressed residential assets in northern Nevada and northern California. Trevor graduated in 2010 with a B.A. in journalism with an emphasis in public relations from the University of Nevada, Reno. [00:00:00-00:03:00] Revolutionizing Real Estate Brokerage   Address Income's mission to provide institutional analytics to individual investors.The importance of technology in identifying the best market deals.How personalized oversight ensures the data translates into actionable insights.   [00:03:00-00:09:00] Blending Technology with Human Insight   The evolution from flipping properties to offering comprehensive brokerage services.Address Income's unique approach to market analysis and property underwriting.The role of a broker in today's technology-driven market.   [00:09:00-00:15:00] Demystifying Institutional Analytics for the Individual Investor How Address Income predicts rents and property values with advanced analytics.The significance of monthly income in property analysis.Strategies for applying institutional insights to the individual investor's advantage.   [00:15:00-00:21:00] Avoiding Pitfalls in Real Estate Investment The dangers of over-reliance on data without proper analysis.The value of a dual-level analysis approach in investment decisions.The critical importance of understanding market cycles and investor goals.   [00:21:00-00:27:00] Navigating the Challenges and Opportunities in Reno's Market Understanding the unique aspects of the Reno real estate market.The importance of setting realistic investment goals based on market conditions.Strategies for dealing with tenant relocation and maximizing cash flow.Who inspires Trevor?: Having a game mentality   Quotes:   "We're not just looking at properties; we're analyzing the market." - Trevor Richardson   Our goal is to make institutional-level analysis accessible to everyone." -Trevor Richardson   Connect with Trevor:   Website: https://www.addressincome.com/   Apply to Invest with Taylor at www.investwithtaylor.com Track your wealth for free with Personal Capital, go to www.escapingwallstreet.com Please leave a review and help others escape Wall Street and build wealth on Main Street!