AJ Osborne Podcast

One of Bitterroot's partners, Sam, joins the podcast to discuss the importance of underwriting. *Note: We had some audio issues towards the end, but the information shared is still very important.

The more you know, the less risk there is. This is the idea behind today's episode. Sam works as an underwriter with AJ and they have learned what to look for in getting involved with deals. Not only do you need to know revenue sources, but also project expenses and the difference between the way it's being run and the way you would run it, if acquired. 

It's easy to know how much you're going to spend on a project, because you can always stop spending, but projecting revenue is a much harder game because it's market driven, especially in something like self-storage which is month to month. 

With correct underwriting and negotiating, you can score big. Listen to find out how AJ and Sam pulled off one of their biggest deals, all thanks to solid underwriting.

Don't let banks tell you what you can afford or realtors tell you what something's worth. 

AJ and Sam are both big proponents of starting small. Start out smaller, learn the basics, and then move up as you become proficient. You may not make a whole ton of money right away, but you'll start to understand how to find good deals, and how to deal with them. 

Topics of Discussion include:

• Financial Freedom

Links:  https://cashflow2freedom.com

On this edition of 15 Minute Friday, AJ discusses the different types of assets and highlights another one of his projects.

Topics of Discussion include:

• Financial Freedom

Links:  https://cashflow2freedom.com

Real Estate Investor Michael Blank joins the podcast to discuss investing in multi-family units. He also recommends four books for everybody to read including "Rich Dad Poor Dad" by Robert T. Kiyosaki.

Michael focuses on helping educate people to broadening their horizons away from just single-family homes or stock market investments. Instead, he suggests you go straight for the multi-family housing market, as well as commercial opportunities. 

When do people take action and when don't they? When they find their life unacceptable in some form. Until they feel that way, they won't take action.

In order to get started, figure out your next three steps. Don't worry about what comes after that, just focus on the first three things. Then the next three. Then the next three. After a few months you'll look back and realize how far you've come.

Investing is a team sport. You have to have a team with you. Whether it's hunting for deals, or going out and raising money, you need people on your side.

Michael likes to focus on cities where there's a population of at least 300,000 people, in order to have it managed properly. Larger cities give more options over smaller markets.

For more information about Michael Blank visit his website 

Topics of Discussion include:

• Financial Freedom

Links:  https://cashflow2freedom.com

On this edition of 15 Minute Friday, AJ takes us to one his insurance firms to discuss how sales opened a lot of doors for him. 

Topics of discussion include:  

• Financial Freedom

Links:  https://cashflow2freedom.com

Is college worth it? How do you create luck? AJ and Roc Pilon tackle both questions in this episode.

Starting out, AJ and Roc talk about "Chase Chance and Creativity" by James H. Austin and the four different types of "luck" or chance. 

If you were to have engineered the modern computer, would you be as rich as Bill Gates? Or does luck come into play, and if so, which kind?

Most luck is created by those who are actively seeking opportunity, and that's the kind of luck we need to harness in order to become successful in our lives.

More importantly than the degree you earn in school, are the environment you surround yourself with, the higher level thinking you learn, and the information you gather while there.

Roc makes the point that if you don't know what you want to do in the long run, or even what to study, you may want to spend some time in the workforce to explore your options without drowning in student loan debt.

While talking about the idea of "luck of motion" AJ mentions that motion takes time to build up. "Luck of preparation" also takes tons of time and work. You need to be ready for the time you can take your preparation and put it in to motion. Of course, all this hinges on the person that you fundamentally are, which is the last of the "lucks".

Lastly, school is really just an avenue to create opportunity. There is no answer to whether school is good or bad, or if everyone needs it or not. You have to assess your life and decide if going to school is going to create more opportunity for you right now.

Topics of discussion include:  

• Financial Freedom

Links:  https://cashflow2freedom.com

On this edition of 15 Minute Friday, AJ takes us on a tour of a great work in progress....their new office space. Did you know office hacking is a thing? AJ explains. Topics of discussion include:

• Financial Freedom

Links:  https://cashflow2freedom.com

Larry Goins joins this episode of Cashflow2Freedom. https://larrygoins.com

Living in South Carolina, Larry has worked with close to 1,000 deals. Closing about 7 to 10 a month currently. He's a firm believer in "going where the deals are", and it's obviously working.

Larry is an innovator in the world of digital real estate investing. You can check out his book, here:  Getting Started in Real Estate Day Trading, by Larry Goins. Larry teaches how to make a low-ball offer and still leave the door open to negotiating with his clients.

Without ever even seeing the property, Larry can estimate what the repairs are for each home, and know how to flip it, sometimes even from the very first phone call.

Knowing where you can compete is crucial! Small towns are often easier to get started in, even remotely. The internet connects us all so easily, that no matter where you are, you can invest all over the US. 

Larry also goes over his motto "stash cash for the crash", and talks about how he saves money while still investing.

He and AJ discuss his method to creating cash flow and discuss what Larry refers to as the filthy rich model.

Topics of discussion include: 

• Financial Freedom

Links:  https://cashflow2freedom.com

For this edition of 15 Minute Friday, AJ takes us to one of his biggest assets, a self storage facility in Reno. 

Topics of discussion include:

• Financial Freedom

Links:  https://cashflow2freedom.com

AJ Chats with Brittany Arnason, a DYI real estate investor with a unique approach to home buying. Learn how Brittany has achieved financial freedom and check her out on Instagram to see how she develops her property.

From a young age Brittany knew she wanted to work with real estate investing. She grew up watching her mom buy and sell rental properties and helped work on fixing them up in order to sell. When she was 18 she bought her first property, and now has 13 doors under her belt. 

Based in Canada, Brittany follows the BRRR method, (which stands for Buy, Rehab, Rent, Refinance) to do what she loves and help others along the way. 

Especially in the beginning, Brittany learned how to be frugal to help push all her money into her projects for a greater return! She is a disciplined young lady who knows the meaning or hard work and isn't afraid to get her hands dirty. 

Creating a network around you who are supportive of your dream is huge. Brittany helps create that network with her social media approach. She encourages everyone to reach out to people who can be great resources for you. Don't become discouraged if you don't hear back right away, or even at all, just keep growing and learning and reach out, and with persistence and hard work, you'll get there.

Topics of discussion include:

• Financial Freedom

Links:  https://cashflow2freedom.com

This is the first installment of 15 minute Friday. AJ updates the listeners on all of the great things he's doing with his company and of course, shares some insights so the audience can start their journey to financial freedom. Topics of discussion include:

• Financial Freedom

Links:  https://cashflow2freedom.com