The SEC on Monday announced charges against an alleged Ponzi scheme. Let's dig into their complaints and steps investors can take to protect themselves before getting into a scam. More info on the complaint: https://www.sec.gov/news/press-release/2023-196   Learn more about investing with Taylor at https://www.passivewealthstrategy.com/join-the-investor-club/

Have you ever dreamt of breaking the chains of routine, retiring early, and traveling the world?    In this episode, we chat with Erik Hemingway, a highly experienced self-storage investor who achieved early retirement and used his wealth to travel the world. We discuss his journey of building his first storage in Arizona in 2006, moving to Costa Rica a year later, and living on a sailboat in Greece for three and half years while traveling to 24 countries. We learn how they sold their cars, houses, and possessions to make the journey possible and met other boaters who encouraged them. After returning to the US, Erik reveals how he invested in fixing and flipping, constructing buildings, and converting them into storage units to build a nest egg.    Join us as we dive deep into Erik's story of taking risks and achieving financial freedom through self-storage investing!   [00:00 - 07:47] From Construction to Self Storage Investor Introducing Erik to the showHe and his family took an early retirement through self-storage investing and traveled the world   [07:48 - 15:17] Exploring the Possibilities Through Boating and Real Estate Investing Living on a boat is economical and freeingFound fix and flips, built new construction, and got back into storageLaunched Nomad Capital off the boat adventure   [15:18 - 22:47] Facing Fear and Following Gut Heavy-value add projects like renovating old buildings, grocery stores, K-marts, hosiery mills, and soda bottling facilitiesFear is a muscle that you can exercise   [22:48 - 26:23] Closing Segment Best investment:Worst investment:The most important lesson learned: Quotes:   "One key thing about life is always being willing to be surprised. Let life surprise you. And it's certainly done that for us. And I think that's a great way to live." - Erik Hemingway   "It's surprising how little you can live on when you're just not distracted by everything that everybody's telling you when you're not kind of sucked into the consumer stuff of just every day on the treadmill." - Erik Hemingway   "Fear is kind of a muscle that you can exercise. And as you step out of your comfort zone, that muscle gets strengthened suddenly. The next stretch is not so hard." - Erik Hemingway Connect with Erik! Website: www.NomadCapital.us  Email: erik@nomadcapital.us Phone: 910-431-3855 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 does a young intern with a passion for real estate go on to raise over 1.2 billion for student housing projects?    Dive into the world of Fred Pierce, an experienced and successful investor who has raised over 1.2 billion in investments for his student housing projects across 39 states. He'll dive into how he jumped the queue and attracted capital from institutional investors, family offices, and retail investors. We'll hear about the different tiers of investor capital, from friends-and-family capital to country club capital to family office and institutional investors. He'll also walk us through his capital life cycle in commercial real estate and explain the advantages and disadvantages of each type of investor.    Tune in to gain powerful insights from Fred Pierce!   [00:00 - 06:22] Becoming a Billion-Dollar Student Housing Investor Fred Pierce is an experienced real estate investor, having done over 1.2 billion in student housing projectsHis journey started when he was 21 and interned at the Goodkin Group, a market research firmHe took his platform national in 2006 and, within 90 days, had 1.2 billion of development rights at two major universities   [06:23 - 12:49] How to Leapfrog the First Couple Rungs in Commercial Real Estate The capital life cycle in commercial real estate consists of four main food groups and niche sectorsEarly in their career, people usually start with friends and family capitalCountry club capital route is the next tier, which involves friends of your friends and familyThe third tier is the family office, managed by millionaires or billionairesThe fourth tier is institutional capital from investment advisors with multi-billion dollar commingled funds   [12:50 - 25:59] Exploring the Benefits for Retail and Family Office Investors Retail investors have been gaining access to student housing investmentsStudent housing is a defensive and recession-resistant asset classStarting in 2016, institutional investors began to allocate capital into niche sectors of commercial real estate such as student housing, senior housing, self-storage and data centersTransaction volume has slowed significantly, and valuations have decreased due to the higher cost of debt   [26:00 - 32:20] Closing Segment Best investment: in Fred's own companyWorst investment: Fred's first and second home purchase due to bad timing.The most important lesson learned: keep it simple and scalable Quote:   "Keep it simple and scalable if you want to accept exponentially growing your business and your opportunities." - Fred Pierce Connect with Fred! Website: https://pepstudent.com  Number: 619-297-00400 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 goes through 4 steps to build the best team who can run your business FOR you, so you can grow your portfolio without growing your time commitment. Learn about investing with Taylor at www.investwithtaylor.com

Do you want to learn how to transition from a traditional job to the unpredictable world of real estate investing?    Taylor Loht sits down with full-time real estate investor Clint Harris to discuss his journey from medical device sales to becoming a full-time real estate investor. Clint shares how he and his wife transitioned from traditional employment to investing in Airbnb properties, property management companies, and syndications. He talks about the lessons he has learned along the way, the relationships he has cultivated, and how taking risks has paid off for him.    Tune into this episode for an inspiring story about transitioning into real estate investing!   [00:00 - 07:12] Clint's Story of Unexpectedly Becoming a Successful Investor Clint's brief background careerThe importance of being willing to accept the risks of investing in multifamily properties and converting them to different asset classes   [07:13 - 14:37] Taking a Hard Pivot: How Unexpected Job Loss Can Lead to Success Clint bought his first duplex in 2018 and experienced a hurricane shortly afterHe took money from the first property to buy another quadplex and converted the original triplex into a quadplex   [14:38 - 26:42] From Three Incomes to Investing in Multifamily Properties Clint also invested in multifamily properties, self-storage facilities, and self-storage conversion projectsHis day-to-day lifestyle now focused on education about syndication and limited partnersValue add is the key to success in real estate investing.Cold calling has enabled Clint to build meaningful relationships with mentors and other investors.   [26:43 - 34:21] Closing Segment Best investment: relationshipsWorst investment: single-family homesThe most important lesson learned: The value that comes with an asset class conversion Quotes:   "Life is about relationships. It's about people. And if you're willing to put yourself out there in a vulnerable way and just look to connect with people meaningfully, amazing and beautiful things can happen." - Clint Harris   "If you know that whatever you're doing may not be what you want to do at some point, that's not the day you start preparing for that. Now is the day that you start preparing for that." - Clint Harris Connect with Clint! Podcast: www.TrulyPassiveIncome.com  Email: clint@nomadcapital.us  Invest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/   Track your rental property's finances with Stessa. Go to www.escapingwallstreet.com.   Join our Passive Investor Club to access passive commercial real estate investment opportunities.   LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or clicking here to listen to our previous episodes.

Have you ever wondered why many business owners struggle to retire comfortably despite their business's apparent success?    In this episode, Josh Patrick uncovers the secret to success for business owners who want to retire with financial security. Josh speaks about his four-box strategy of financial independence, which includes pre-funding a 401k plan, having an emergency fund, investing in the stock market, and buying real estate. He also discusses the importance of making businesses' sale ready' and how to delegate tasks and trust employees to make mistakes.    Please tune in to hear about crucial strategies for business owners to ensure their retirement is secure and financially free.   [00:00 - 07:41] How to Retire Comfortably Businesses need to go through different stages to reach the scale so that the owners can walk away and the business will run itselfA business is worth a lot to you as an owner, but when you go to sell it, taxes and fees take away 40% of the value   [07:42 - 15:38] Planning for Retirement: A Four Box Strategy for Business Owners The four boxes of financial independence include the value of your business, qualified retirement plan, rental building, and cash flow Business owners need to plan for retirement and pay attention to their business.Making the business sale ready is vital for businesses that want to be sold in the future.To make a business run on its own, teams and systems must be created   [15:39 - 23:06] Delegation: The Hardest Skill to Learn for Business Owners There are two systems to help with delegation: EIA and Inspect and AdoptMike Michalowicz's book 'Profit First' and Gino Wickman's book 'Traction' can be used as guideposts for creating a businessHaving a coach can help with the process of learning how to delegate   [23:07 - 26:54] Closing Segment Best investment: in the food service businessWorst investment: cashflowThe most important lesson learned: restaurants are a tough business to get into Quotes:   "A business is worth a lot to you as an owner, as an operating entity." - Josh Patrick   "Only 50% of businesses that go to market ever sell. So, if you want to sell your business, you have to do something called making it sale-ready. Being ready doesn't mean I'm about to sell my business. It just means I've created a business that other people want to own." - Josh Patrick Connect with Josh! Website: www.SustainableBusiness.co/freedom  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!   LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or clicking here to listen to our previous episodes.

Did you know credit unions could be your secret weapon in real estate investing?    Mark Ritter, a credit union and banking expert, joins us to discuss the advantages of working with Credit Unions for real estate investors. He explains how credit unions differ from other financial institutions and the mistakes investors make when working with a lender. Mark also highlights the unique benefits of credit unions, such as their cooperative structure, which is owned by members and managed by an elected board of directors. Mark provides excellent insight into this area and encourages people to take advantage of them as they offer fairer terms than traditional banks, cannot charge prepayment penalties, and keep and manage their funds.    Listen to learn more about how real estate investors can benefit from credit unions and build long-term relationships with lenders!   [00:00 - 06:42] The Advantages of Credit Unions for Real Estate Investors  Introducing Mark to the showCredit unions are cooperatives, not-for-profit financial cooperatives owned by the members of the organizationCredit unions offer a relationship with their lender and local institution   [06:43 - 14:10] Credit Unions: A Different Approach to Obtaining Investment Property Loans Credit Unions cooperate and share resources to increase scaleCredit Unions are generally smaller than banks, with an average of 250 million in assetsConsolidation is happening within the credit union space, but the philosophy of helping people in their local marketplace remainsObtaining a loan from a credit union requires collecting financials, sales agreements, appraisals, rent rolls, and projections   [14:11 - 22:58] Credit Union Balance Sheets Federal credit unions cannot have prepayment penaltiesCredit unions keep and manage their own money, not borrowing from Wall StreetFor every dollar of deposits, credit unions lend out 85 cents to local businesses and membersMistakes to avoid when getting an investment property loan include not understanding the lender, talking to the wrong person, and ignoring requested information   [22:59 - 27:15] Closing Segment Best investment: helping out a small tea shopWorst investment: a loan that was government-guaranteedThe most important lesson learned: staying within your lane of what you know Quotes:   "Credit unions philosophically are somewhere that you can have that relationship and conversation to get all of your things done that everybody listening knows credit unions do, but also the real estate piece of it as well for your investments." - Mark Ritter   "We don't just simply jam who you are into a machine, and out comes an answer. We like to have conversations about who you are. What are you thinking about for this project? What do you have and where are you going in the future?" - Mark Ritter Connect with Mark! Website: www.mbfs.org LinkedIn: https://www.linkedin.com/in/markrittermbfs/  Invest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/   Track your rental property's finances with Stessa. Go to www.escapingwallstreet.com.   Join our Passive Investor Club to access passive commercial real estate investment opportunities.   LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or clicking here to listen to our previous episodes.

Join Taylor Loht as he sits down with Hannah Bercegeay, a real estate investor, teacher, mom, and wife. Hannah shares her story of how her family started investing in real estate before COVID hit and how they grew their portfolio successfully. They discuss the importance of mindset when making financial decisions and avoiding buying unnecessary luxury items. They talk about how to acquire single-family homes and an off-market apartment complex, as well as how to manage contractors and differentiate between different types of properties.    Tune in for this inspiring conversation with Hannah Bercegeay!   [00:01 - 07:37] Opening Segment Introducing Hannah to the showHannah believes that anyone can do real estate with the right mindsetShe now focuses on mindset rather than buying a big house or flashy things   [07:38 - 14:05] Expanding Comfort Zones The shift from buying liabilities to assetsBalancing time commitments of real estate with W2 and familyWork-life harmony instead of balanceThe importance of using every moment available to be productive   [14:06 - 22:25] Overcoming Imposter Syndrome Hannah believes that anyone can do real estateHow Hannah felt and defeated imposter syndrome   [22:26 - 26:32] Closing Segment Best investment: conferencesWorst investment: not going to conferences soonerThe most important lesson learned: being empathetic Quote:   "I no longer believe in work-life balance. I believe in work-life harmony. It cannot be perfectly balanced. It just can't be." - Hannah Bercegeay Connect with Hannah! Facebook: https://www.facebook.com/hannah.bercegeay/  Instagram: https://www.instagram.com/h.bercegeay10x/  LinkedIn: https://www.linkedin.com/in/hannah-bercegeay-520772172/  Invest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/   Track your rental property's finances with Stessa. Go to www.escapingwallstreet.com.   Join our Passive Investor Club to access passive commercial real estate investment opportunities.   LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or clicking here to listen to our previous episodes.

Have you ever wondered how someone scales from a simple house hack duplex to 40 units, raking in an astonishing 15K monthly in passive income?    In this episode, Taylor welcomes Anton Ivanov – a tenacious real estate investor who did just that in a decade. From personalizing direct mailers to venturing into out-of-state turnkey properties to the power of local market analysis, Anton demystifies the journey to financial freedom in real estate. It's not a 'get rich quick' gig – it's about the grind, the dedication, and always being ready to learn.    Dive into this episode to discover how a mix of grit, strategy, and consistent effort led Anton to build a thriving real estate empire.    [00:00 - 10:02] Building a Successful Real Estate Portfolio with Turnkey Investing Introducing Anton to the showAnalyze the market, neighborhood, property, and vendor before buyingTurnkey properties can be a good acquisition strategy but may not provide the best discount   [10:03 - 24:47] Success in Real Estate Through Personal Connections and Direct Mail Investing in markets with reasonable price and rent appreciation over time can lead to higher ROIAnton looked at off-market deals, including through personal connections and direct mailThe real estate market was heating up in the 2017-2019 timeframeAnton used a template to write personalized letters to property owners with their name, photo of the property, and offer terms   [24:46 - 28:46] $15,000 a Month in Passive Income Real estate is not a get-rich-quick schemeFinancial independence requires consistent effort and learning from mistakes   [28:47 - 34:45] Closing Segment Best investment: two property tech companies, Deal Check and Rent CastWorst investment: spending time and energy with people who don't add value to lifeThe most important lesson: not be afraid to start small Quotes:   "Turnkey is just another acquisition strategy if you approach it correctly." - Anton Ivanov   "Don't be discouraged, and don't be put off by people doing private sales. The more you network, the more you'll be in the right place in their mind." - Anton Ivanov   "Don't be afraid to start small." - Anton Ivanov Connect with Anton! www.DealCheck.io www.RentCast.io  Invest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/   Track your rental property's finances with Stessa. Go to www.escapingwallstreet.com.   Join our Passive Investor Club to access passive commercial real estate investment opportunities.   LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or clicking here to listen to our previous episodes.

From starting with equity over cash to scaling a $3 billion real estate empire, Keith Wasserman reveals the art of team-building and the seismic shifts in the property market since 2008. Join us as he discusses his journey from starting with just his cousin and business partner to now having a fully staffed team. Keith shares his approach to hiring and compensating staff, which was focused on giving personnel equity rather than cash due to a lack of funds in the early days. He also talks about the current real estate market since 2008, with values dropping drastically in the apartment space and even more in specific office spaces.    [00:00 - 07:03] Building a Successful Real Estate Team Introducing Keith to the showHe built a team, scaled it up, and thought about compensating all the different team members to incentivize them to stay and performThe team identified the right people to put in the right places as they continue to grow the team   [07:04 - 15:17] Hiring, Firing, and Identifying Gaps in the Team Pay people based on how invaluable they are to the organizationGive equity to employees once they prove themselves and earn itRely on a team to know who is needed to get the job done as best possibleAim to stay lean and scrappy   [15:18 - 23:16] How Investing in Apartments Changed During Turmoil in the Markets Suburban office values have been "torched," and CBD office values have seen "value destruction"Rents are still seeing growth, but it has slowed down in specific marketsLong-term rates are declining, and inflation is under control   [23:17 - 28:39] Closing Segment Best investment: Keith's wifeWorst investment: buying a portfolio of mobile home parksThe most important lesson learned: building a reputation and having the right partners Quotes:   "We realized we needed to bring on some more 'the gray hairs'; someone with experience, someone that had a bigger balance sheet that could sign on loans." - Keith Wasserman   "It's tough to delay gratification, but we try to keep it lean and mean for the most part. That's the way we're going to be very wealthy is just holding these things long term." - Keith Wasserman Connect with Keith! Twitter: www.twitter.com/Keith_Wasserman  LinkedIn: https://www.linkedin.com/in/kewasserman/  Invest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/   Track your rental property's finances with Stessa. Go to www.escapingwallstreet.com.   Join our Passive Investor Club to access passive commercial real estate investment opportunities.   LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or clicking here to listen to our previous episodes.

Do you know how the fusion of technology, modern agriculture, and sustainability can revolutionize our investment in farmland?    David Chan from FarmTogether unveils a groundbreaking agricultural investment model that promises returns and champions stewardship of our lands. Discover how they're enticing institutional investors, pioneering sustainable practices, and harnessing innovative strategies in an era where 98% of U.S. farmland remains privately held. He explains how FarmTogether is creating a sustainable investment model that focuses on being good stewards of the land while still generating profits.    Dive into this captivating episode to unearth the future of sustainable farming investments.   [00:00 - 07:07] The Innovative Agricultural Investing Model  Introducing David to the showAgriculture is embedded in many different fabrics of the way we liveBeing sustainable and creating resilient soil systems decreases cost of goods sold, increasing margin and net operating   [07:08 - 15:14] Exploring the Growing Institutional Interest in Farmland Investment Underwrite a property against different principles like risk and value for trees, vines, etc.Use pheromone blockers to disrupt mating season and reduce the cost of goods soldCreate portfolios of properties to make them more attractive to institutional investorsThere is a growing appetite for farmland among smaller institutional investors   [15:15 - 21:30] Exploring Sustainable Practices in U.S. Farmland Farm Together focuses on medium-sized farms (2-20 million in property value) that are often overlookedTo hedge against commodity price variability, Farm Together employs pool marketing and works with dedicated marketing boardsCrop insurance is available to limit the downside risk of disease, blight, and other weather-related issuesSustainable practices such as pheromone blocking can lead to better outcomes and reduce the need for pesticides   [21:31 - 26:50] Closing Segment Best investment: purchasing David's first homeWorst investment: the crypto bandwagonThe most important lesson learned: There's no such thing as a dumb question Quotes:   "We are not a country that's been based or bred on industrial farming. We've forever had many small farms and very fractionalized ownership." - David Chan   "Sustainability and farmland is a pretty complex and comprehensive idea. I've seen conventional farms that are farmed in very sustainable manners, and I've seen certified organic farms that I would argue could be much more sustainable." - David Chan Connect with David! Website: www.FarmTogether.com Email: david@farmtogether.com  Invest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/   Track your rental property's finances with Stessa. Go to www.escapingwallstreet.com.   Join our Passive Investor Club to access passive commercial real estate investment opportunities.   LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or clicking here to listen to our previous episodes.

Taylor was recently asked to speak for a group of real estate syndicators and teach about real estate podcasting. These are the top 4 ways that podcasting has helped quadruple Taylor's real estate investing business, helped build connections with investors, and keep a pulse on the market. Learn about investing with Taylor at www.investwithtaylor.com

Ready to skyrocket your real estate business?   Allan Dib, an experienced investor and author, joins the show to provide insights into how to use marketing for business growth. He dives into the three essentials for rapid business growth: figuring out the target market, creating messages that resonate with them, and delivering a world-class experience. Learn how to effectively engage prospects, create value in their lives, leverage marketing techniques to build relationships, and maximize sales. Uncover strategies for understanding your target market and tailoring your message accordingly, creating systems such as CRM and email marketing, and treating social media as a paid media channel.   Tune in now for actionable advice from one of the best in the business!   [00:00 - 08:44] Opening Segment Introducing Allan to the showAllan shares his inspiring story of how he grew and sold his first business and moved on from there   [08:45 - 15:44] Discovering Your Ideal Target Market and Leveraging Marketing for High-Consideration Purchases Narrow down who the target market is and tailor the message accordinglyLeverage marketing system to engage and nurture prospects over timeCreate value in customer's life by providing relevant information   [15:45 - 21:02] What You Need to Know About Effective Marketing Strategies Think of marketing as part of your productIntegrate marketing and sales teams to work together toward the same goalFocus on a few critical moves done consistently to get strong in marketingAvoid jumping on the latest social network or trend   [21:03 - 27:02] Unlocking the Power of Compounding Returns Social media algorithms reward consistency and frequent postingEmail marketing is still effective and cannot be de-platformed or shadow-bannedWriting content that is genuinely helpful and useful will help with shareabilityPress and PR may not drive many sales, but ads on Amazon, podcasts, and grassroots strategies are more effective   [27:03 - 30:31] Closing Segment The best investment: residential real estateThe worst investment: Allan's early days of share tradingThe most important lesson learned: the returns come from compound interest Quotes:   "You're either growing or you're rotting; it's one or the other." - Allan Dib   "We win the marketing game by just doing the daily, weekly, monthly stuff. It's not any genius campaign or any kind of crazy concept or whatever. It's just really doing the basics." - Allan Dib Connect with Allan! Newsletter: www.successwise.com  Book: The 1-Page Marketing Plan Invest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/   Track your rental property's finances with Stessa. Go to www.escapingwallstreet.com.   Join our Passive Investor Club to access passive commercial real estate investment opportunities.   LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or clicking here to listen to our previous episodes.

Have you ever felt like traditional sales tactics were failing you? Or are those old tactics too pushy and aggressive?   In this episode, Allan Langer, a sales expert with over 25 years of experience, shares his best tactics for understanding and engaging with customers while advising on building solid relationships to help you succeed in real estate investing. He discusses the importance of open-ended questions, discovering what's happening beneath the surface through body language, and why ignoring traditional sales training may be your best bet. Learn how Allan hit the play button rather than the pause button during the COVID-19 pandemic by investing in relationships and staying motivated.    [00:00 - 07:14] Opening Segment Introducing Allan to the showThe ability to sell helps investors do more deals, negotiate better deals, and get more done in real estateIf you lead with helping and not selling, you will be more successfulOpen-ended questions are the best way to help someone feel heard and understood   [07:15 - 15:03] Understanding Body Language in Sales Ask for permission to move forward in the conversationPay attention to body language and label itPeople don't want to meet with salespeople, so focus on how the brain works and what people want to feel comfortable aboutBecome an "anti-salesperson" - someone that people are not expecting   [15:04 - 20:41] Relationships: Building Connections During COVID Salespeople are often trained poorly and feel icky about sellingThe balance of power has shifted to the customer due to the advent of the internetOld sales tactics such as 'Always be Closing' (ABC) and 'Follow the Submarine' don't work anymoreSalespeople should focus on being advisors rather than salespersons   [20:42 - 26:11] Closing Segment Best investment: relationshipsWorst investment: Multi-level marketingThe most important lesson learned: time management Quotes:   "If you lead with helping and not selling, you'll be a more successful salesperson. Once they feel like you're trying to coerce them, they're going to have a harder time." - Allan Langer   "That's how the world goes round. People sell to other people, but nobody wants to meet with the salesperson." - Allan Langer Connect with Allan! Website: www.allanger.com  Invest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/   Track your rental property's finances with Stessa. Go to www.escapingwallstreet.com.   Join our Passive Investor Club to access passive commercial real estate investment opportunities.   LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or clicking here to listen to our previous episodes.

Dive into the high-stakes world of mortgage note investing with Chris Seveney, who's been building wealth off Wall Street and on Main Street since the late '90s. Discover the three P's that Chris swears by when restructuring loans and hear tales of his best triumphs and most challenging lessons, from turning a massive equity gain from his primary residence to the devastating blow from WorldCom. Whether you're curious about the distressed commercial real estate debt market or eager to learn from a pro, this episode promises riveting insights.    [00:00 - 06:01] Opening Segment Introducing Chris to the showMortgage note investing involves buying distressed mortgage notes on the secondary marketHow decreasing and then rapidly increasing interest rates have affected the mortgage note market and real estate more generally   [06:02 - 12:42] Debt Distress: How is it Different Today Than 15 Years Ago? Most people who have a mortgage think if they miss one payment, the bank's going to come banging on their door and throw them out and foreclose upon youToday, most people have 50,000 in equity that they can't buy anything to get the same value or price or same paymentPeople are forced to file bankruptcy to try and restructure that debt so they can keep their house   [12:43 - 21:55] The Three P's of Mortgage Note Investing: Person, Predicament, and Property Banks have had difficulty selling low-interest-rate loans due to the bid/ask spread not catching up yetTrack data for trends on what stuff is selling for and whether prices are increasing or decreasingReputation matters as people want to know who they're working withDistressed commercial real estate debt is different from 30-year mortgages due to shorter terms   [21:56 - 26:57] Closing Segment Best investment: Chris' primary residenceWorst investment: Investing into a stock called WorldComThe most important lesson learned: Focus on what you're good at Quote:   "Most people with a mortgage think if you miss one payment, the bank will come banging on your door, throw you out, and foreclose upon you. Our average delinquency is probably three to five years." - Chris Seveney Connect with Chris! Website: www.7EInvestments.com  Invest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/   Track your rental property's finances with Stessa. Go to www.escapingwallstreet.com.   Join our Passive Investor Club to access passive commercial real estate investment opportunities.   LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or clicking here to listen to our previous episodes.

Earlier this month, the ratings agency Fitch downgraded US Federal debt from AAA to AA+. Today we'll discuss the reasons why and what it may mean for real estate investors. If you want to read Fitch's release for yourself, go here: https://www.fitchratings.com/research/sovereigns/fitch-downgrades-united-states-long-term-ratings-to-aa-from-aaa-outlook-stable-01-08-2023 Taylor actively invests in multifamily & self storage real estate. To learn about partnering in the future go to www.investwithtaylor.com

Are you a real estate investor looking to scale your portfolio? Tune in as Michael Glaspie shares his experience scaling a portfolio of 134 units and offers vital lessons he learned. From house hacking to understanding the numbers, Michael advises looking at your business like a car manufacturing company, managing operational costs, and understanding financial statements. Plus, he shares his worst and best investments and how they shaped his overall strategy.    Aspiring real estate investors will want to experience this episode full of practical advice for managing a successful portfolio!   [00:00 - 08:19] Opening Segment Introducing Michael to the showHe scaled his portfolio to over 134 units and founded an agency of 100 agentsHe teaches investors how to run their real estate like a business   [08:20 - 14:00] Understanding the Profitability of Real Estate Investing Real estate investors should strive not to be the smartest person in the room and hire experts to help them scaleHaving bookkeeping in place is essential, no matter what level of experience you haveBe aware of additional costs, such as third-party property management, when looking at profitability   [14:01 - 21:30] Understanding Financial Statements Investopedia.com is a good source for understanding how to read financial statementsTax planning is essential for all investments, mainly flipping, which gets hit hard with short-term capital gains taxesThe importance of being mindful of financial statements Track profit margins rather than individual dollars to be prepared for increases in property taxes and insurance   [21:31 - 25:56] The Impact of Real Estate Investing There is a need to increase revenue to keep the same profit marginA fractional CFO should be hired when generating over 100K in revenueCEOs are looking for a return on their investment in every decision they make   [25:57 - 30:46] Closing Segment Best investment: Michaels's first property, which was bought with a VA loanWorst investment: a wholesale assignment that led to someone being displaced and homeless.The most important lesson learned: it is okay to ask for help Quotes:   "When we want to scale a company, all we're doing is we're improving efficiency." - Michael Glaspie   "I don't care what your passion is or what you envision you want to do. There's one thing in this world that can help supply and fund it all, and that's money." - Michael Glaspie Connect with Michael! Instagram: https://www.instagram.com/michael.s.glaspie/  YouTube: https://www.youtube.com/@michaelsglaspie  Website: www.MichaelSGlaspie.com  Invest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/   Track your rental property's finances with Stessa. Go to www.escapingwallstreet.com.   Join our Passive Investor Club to access passive commercial real estate investment opportunities.   LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or clicking here to listen to our previous episodes.

Taylor sits down with veteran self-storage investor John Manes to discuss how the current rise in interest rates has impacted the self-storage industry. John shares his story of growing up and how he used his resources to build wealth through self-storage investments. He talks about different strategies for maximizing returns for investors, such as buying existing facilities, adding value to them through renovations, and then selling them to REITs. They also discuss what a REIT looks for when they buy a property, how investors should have realistic expectations in terms of returns, and recommend changing an exit from five years to ten years if necessary.    Tune in as we explore the self-storage industry and get insights into how you can make money in it, too!   [00:00 - 08:55] Opening Segment Introducing John to the showInvestor demand for self-storage has grown considerably in recent yearsJohn advises to attach oneself to a solid operator, not just going out and doing Wall Street dealsDevelopers underestimate construction costs, expenses, lease-up time; stealing demand leads to a longer lease up time frame   [08:56 - 16:50] How to Make Money in Self Storage Storage is a three to five-mile radius investmentBuy existing facilities and add value to themRepositioning facilities for REITs involves new office remodeling, new gates, new cameras, new lights, new HVAC units, and new paintSelf-storage has historically had a two percent foreclosure rateDistress in self-storage space is not expected due to the mediocrity of operations   [16:51 - 21:55] The Best Way to Learn is to Teach Something Put yourself in the right room and shut up and listenTake notes of where your resources are in that roomUtilize those resources and add value   [21:56 - 28:33] Closing Segment  Best investment: a $250 jacket, which opened more conversations than he could ever imagine.Worst investment: an 11.97% return on investment when they were projecting 21s or 22s The most important lesson learned: being open with your investors and your banks Quotes:   "If I'm the smartest person in the room, then I'm in the wrong room. Put yourself in the right room, and then shut up and listen. Take notes of where your resources are in that room. And then, utilize those resources." - John Manes   "Many developers out there have this pie-in-the-sky type of thing. We do some third-party management, so we coach people. And what I've found is that they underestimate their construction costs. They underestimate their expenses. They overestimate their lease up time." - John Manes Connect with John! Website: www.PinnacleStorageProperties.com  Email: john@johnmanes.com  Invest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/   Track your rental property's finances with Stessa. Go to www.escapingwallstreet.com.   Join our Passive Investor Club to access passive commercial real estate investment opportunities.   LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or clicking here to listen to our previous episodes.

Do you want to know how the pros navigate the complex world of real estate investing in retail spaces?    Dive into this episode where Robert Levy, a 30-year real estate investment industry veteran, has developed a successful strategy with his partner for investing in shopping malls and retail assets over the past seven years. Robert discusses the critical elements of their investment strategy, including due diligence, management strategies, leveraging positive leverage, pushing occupancy and rents, and creating returns from both cash flow and value improvement. He also explains how his experience during the global financial crisis has shaped his approach to debt today. Finally, he discusses the high barrier to entry of retail investments, what to look out for when assessing opportunities, and why multifamily assets are becoming more attractive.    This episode will provide an in-depth look into the world of real estate investing in retail assets and valuable lessons learned from Robert's decades of experience in the industry.   [00:00 - 08:53] Opening Segment Introducing Robert to the showDon't do anything with floating rate debt or take any interest rate risk   [08:54 - 14:23] Generating Profits Through Shopping Center Investing Retail investments are typically one of 4-6 bidders, while multifamily is one of 50-70Shopping centers are open-air, neighborhood, community centers with grocery anchorsShopping center allows pushing occupancy and rents and carves off out parcels for arbitrage   [14:24 - 24:34] Understanding the Supply and Demand Dynamics and Identifying Red Flags In suitable locations, population and income are increasingTenants have a little place to go because of the economics of developing retailRed flags include bad credit tenants and reduced incomesAssess whether a tenant is a risk or an opportunityAnalyze the cost of backfilling the spacePrice based on knowledge and assess if there is opportunity or risk   [24:35 - 31:12] Closing Segment Best investment: Robert's own companyWorst investment: in oil and gasThe most important lesson learned: think through black swan events and finance assets conservatively Quotes:   "Debt, if used improperly, can kill businesses and especially in real estate." - Robert Levy   "Invest in what you know and who you trust and who you believe in, and you'll do well." - Robert Levy Connect with Robert! Website: www.lbxinvestments.com Email: rob@lbxinvestments.com  Invest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/   Track your rental property's finances with Stessa. Go to www.escapingwallstreet.com.   Join our Passive Investor Club to access passive commercial real estate investment opportunities.   LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or clicking here to listen to our previous episodes.

From working tirelessly to mastering the real estate game, Melanie Bajorovic's journey to millionaire status at just 27 is a testament to the power of resilience, hard work, and savvy investing.    Join us as we speak to Melanie Bajorovic, a Canadian immigrant who achieved millionaire status at 27 through real estate investments. We discuss the strategies and tactics she used to become successful, such as buying detached homes for long-term holds, jumping into the commercial space with a restaurant bar, and using Airbnb for a lakefront property. She shares her experience of working hard and dedicating herself to becoming financially independent. We also discuss the importance of treating real estate investments like a business to maximize success and why student housing is not recommended due to its transitional nature and the amount of work it requires.   Listen to Melanie's story on how she went from working in a restaurant to making money in real estate investments.   [00:00 - 08:36] Opening Segment Introducing MelanieHow immigrant mentality helped her have the work ethic to succeedShe worked for 18 years for parents without pay but saved tips and wages   [08:37 - 17:49] From Working Three Jobs to Becoming a Millionaire by 27 Melanie bought her first house at 22 years old with money savedWorking hard and sacrificing fun activities to save money and invest in real estateRefinancing properties to buy more real estate and build passive income streamsShe purchased 10,000 square foot commercial property and ran it for two and a half months   [17:50 - 26:26] Long-Term Real Estate Investing Strategy to Success Melanie ran her business for ten years and sold it right before COVIDHer favorite real estate investing strategy is long-term buying holdsTreat real estate like a business and deal with issues immediatelyThe importance of maintaining a good relationship with tenants   [26:27 - 31:43] Closing Segment Best investment: buying the first piece of real estateWorst investment: not vetting tenants enoughThe most important lesson learned: to have a strong will and work ethic  Quote:   "If you treat your real estate like a hobby, it will pay you like a hobby. If you treat it like a business, that's when you make the real money, and you don't miss a beat." - Melanie Bajrovic Connect with Melanie! Instagram: https://www.instagram.com/thewealthybarmaid/?hl=en  Facebook: https://www.facebook.com/thewealthybarmaid/  Website: https://www.melaniebajrovic.com  Invest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/   Track your rental property's finances with Stessa. Go to www.escapingwallstreet.com.   Join our Passive Investor Club to access passive commercial real estate investment opportunities.   LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or clicking here to listen to our previous episodes.