Before the Millions

Scott Royal Smith founded Royal Legal Solutions to offer tax, business, and legal strategies to real estate investors. He has spent the past 8 years of his career diving through case law, reading the ever-changing tax code, and analyzing real estate investment so that you don’t have to. Scott works with clients all over the United States and Canada who want to grow their businesses and protect their hard-earned assets. He uses a combination of his legal expertise, experience as an investor, and love of helping others grow and protect their businesses to build ironclad asset protection plans for his clients.   On today’s episode, Scott shares with us why setting up the right business structure is key to protecting your assets as a business owner and investor. He also shares the top questions to ask yourself to awaken self-awareness during your investing journey. You’ll learn the real asset you build when you achieve success (hint: it’s not money) and why you must get comfortable with failure in order to succeed. Lastly, we wrap up the episode with how you can shelter your assets by creating a asset holding company and learning how to take advantages of the U.S. laws for business owners and investors.   Key Points From This Episode: Why rich people don’t own assets (what they do instead) How you can create a series of LLCs from your desktop to protect your assets The story of how a real estate investor lost over $3 million dollars over a lawsuit (with insurance coverage) The #1 type of risk most insurance companies can protect you from   Links Mentioned in Today’s Episode Scott’s Website: https://royallegalsolutions.com/ Scott’s Favorite and Recommended Books: Four Hour Work Week https://amzn.to/2RSY8si Rich Dad, Poor Dad https://amzn.to/2DJOy7Q Freebie: Download any 2 audio books for free when you try audible for 30 days: https://beforethemillions.com/book   Scott’s Favorite Lifestyle Design App: Habitat Bull can easily keep track of all your habits, routines and repeated to-dos. http://www.habitbull.com/     Access The Best Strategies, Tips & Advice ! Every week, we send an email sharing my best advice, tips and strategies related to Real Estate Investing. Each of these weekly emails contain relevant and actionable information that can help you no matter where you are in your investing journey. Sign up to join our community

On today’s episode, you’ll hear the amazing Before The Millions story of Daray Olaleye as he is interviewed by Chris Prefontaine. Daray talks about what sparked his initial interest in real estate and how his discontentment at his 9-5 job pushed him to find alternative options to achieve true financial freedom. You’ll learn the first steps you need to take to purchase your first real estate investment. Lastly, Daray talks about how he leveraged the power of coaching and mentorship to fast track his success in business and life.   Key Points From This Episode: The financial mindset of most employees vs. entrepreneurs (what can I build vs. how much can I save) How to leverage real estate investing from your 9-5 job and create passive cash flow income Why you don’t need you get a real estate license to become a real estate investor (what to do instead) Lessons Daray learned from raising $500K for a $42 million-dollar deal in Dallas while being unemployed   Links Mentioned in Today’s Episode Recommended Books: Rich Dad, Poor Dad https://amzn.to/2RLaGC7 Living With A Seal https://amzn.to/2zu3HWk Freebie: Download any 2 audio books for free when you try audible for 30 days: https://beforethemillions.com/book       Access The Best Strategies, Tips & Advice ! Every week, we send an email sharing my best advice, tips and strategies related to Real Estate Investing. Each of these weekly emails contain relevant and actionable information that can help you no matter where you are in your investing journey. Sign up to join our community

Stephanie Wankel is a Colorado native, and loves the outdoor lifestyle. Stephanie has been a real estate investor for over a decade, and continues to grow and manage her portfolio of single family home rentals, she’s done it all: property management, 1031 exchanges, evictions, turnkey, Airbnb, etc. Recently, Stephanie has gotten serious about growing faster through multifamily and has created New Heights Investment Group where they connect investors with private opportunities to participate in passive real estate investments with some of the most experienced, strategic partners in the industry. She wants to give encourage to others and believes if she can do this business while working full time and being a busy mom, that anyone can do it.   On today’s episode, we talk to Stephanie about how attitude is everything and action is the key to conquering your fears in business and life. Stephanie shares how to decide when you should start looking for a property manager vs. managing your rental properties yourself. You’ll also learn the differences between of being in a tenant-friendly state vs. landlord-friendly state. Lastly, we wrap up the episode about how you can leverage your experience as a landlord into becoming a full-time investor earning passive income.   Key Points From This Episode: How to prioritize your 9-5 while becoming being a real estate investor (the #1 thing you must do) Landlord 101: How to handle convictions, tenants, financial, legal matters and more How Stephanie transitioned from being a fatigue landlord to owning multifamily rentals around the country Why finding fatigue landlords can be a great way to get started in real estate   Links Mentioned in Today’s Episode Stephanie’s Website: www.newheightsinvestmentgroup.com/ Stephanie’s Favorite Book: The Miracle Morning https://amzn.to/2yGw8kB Stephanie’s Favorite Lifestyle App: Way of Life is your assistant to break a bad habit or build a good ones with spending less than a minute daily. https://wayoflifeapp.com/ Freebie: Download any 2 audio books for free when you try audible for 30 days: https://beforethemillions.com/book       Access The Best Strategies, Tips & Advice ! Every week, we send an email sharing my best advice, tips and strategies related to Real Estate Investing. Each of these weekly emails contain relevant and actionable information that can help you no matter where you are in your investing journey. Sign up to join our community

Tim Bratz is the CEO and founder of CLE Turnkey Real Estate, a real estate investment company that acquires and transforms distressed commercial and apartment buildings into high-performance investment assets. Tim began his real estate career in 2007 as a commercial broker in the competitive NYC real estate market, where he saw the true potential of real estate to transform lives. Working in real estate, Tim has learned how to build a passive business and create a residual income that allows him to live the lifestyle of his choice.   On today’s episode, we talk to Tim Bratz about how you can build a business around your ideal lifestyle. Tim breakdowns how he went from being a real estate broker to owning a 300+ real estate portfolio in Ohio, SC, GA, FL, and TX. You’ll learn why you should focus your energy on the faithful vs. fearful “what-ifs” when investing in real estate. Lastly, we discuss how you can build up your track record as an investor quickly and the 2 things you need when raising private capital for real estate investments.   Key Points From This Episode: The story of how Tim used a $15K credit card to buy his first house at 23 years old Tim’s journey from flipping houses to owning a $90 Million real estate portfolio by the age of 33 How you can leverage real estate to develop passive & residual income that allows you to do what you want, when you want, wherever you want Why you don’t need 100% ownership on big deals and how to leverage other people’s time & money to scale your investing efforts   Links Mentioned in Today’s Episode Tim’s Website: https://cleturnkey.com/ About Tim Bratz: https://invite.commercialempire.com/millions Tim’s Favorite Book: 12 Pillars by Jim Rohn https://amzn.to/2R7OqBP Tim’s Favorite Lifestyle App: VRBO is the easiest way to plan, search, and book your next trip. https://www.vrbo.com/mobile Freebie: Download any 2 audio books for free when you try audible for 30 days: https://beforethemillions.com/book     Access The Best Strategies, Tips & Advice ! Every week, we send an email sharing my best advice, tips and strategies related to Real Estate Investing. Each of these weekly emails contain relevant and actionable information that can help you no matter where you are in your investing journey. Sign up to join our community

Mitch Stephen has been a self-employed RE investor for 20+ years. His real estate investing career started at the age of 23 when he read “Nothing Down” by Robert Allen. Mitch’s company, Independence Day, Inc., has bought and sold over 1,500 properties in and about San Antonio, Tx since 1996. Mitch has recently been named one of the Top 9 RE Investors to follow on Twitter. Mitch’s personal expertise includes; Raising Private Money, Finding Bargain Properties, Negotiating Favorable Terms, Dealing with Renovations and Contractors, Selling Houses & Notes with little to NO Discount, and helping others deal with the everyday throws of life in business.   On today’s episode, Mitch talks with us about how he earned a first-class degree in entrepreneurship from the streets and why it’s important to understand the difference between working on vs. working in your business. Mitch shares his story of becoming an accidental real estate investor after buying his first condo purchase and how he ended up getting paid to live for free. You’ll learn what owner financing is and the # 1 difference between making a good living vs. earning millions in passive income.     Key Points From This Episode: How you can make offers on real estate deals by becoming a professional deal finder Why Investing in Mentoring Can Propel Your Real Estate Investments How Mitch brought 62 houses (profited $500K down payments) and created a cash-flow of $32K/month   The story of Mitch paying his wife 1-year salary ($36K) in 1 month and got her to quit her 9-5 Why being a wholesale/flipper will not get you long-term wealth for you and your family (what to do instead)   Links Mentioned in Today’s Episode Mitch’s Website: http://1000houses.com/ Mitch’s Favorite Books: Forever Cash https://amzn.to/2CRrJPk Doing Business with GOD: https://amzn.to/2Erawhg Think and Grow Rich https://amzn.to/2CLzRkp Nothing Down https://amzn.to/2NIi7HF Self-made in America https://amzn.to/2NJRaDB   Freebie: Download any 2 audio books for free when you try audible for 30 days: https://beforethemillions.com/book     Access The Best Strategies, Tips & Advice ! Every week, we send an email sharing my best advice, tips and strategies related to Real Estate Investing. Each of these weekly emails contain relevant and actionable information that can help you no matter where you are in your investing journey. Sign up to join our community

This is a special client interview edition of the Before The Millions podcast you’re going to want to hear… This interview is insanely awesome and proves anything is possible. Everything is covered. The doubt. The struggle. The perseverance. The triumph. I could not have written a better story even if I tried. You’re going to love this interview. If you’ve ever wondered whether what we do at Before the Millions will work for you, then this interview should answer that question once and for all. Because in the hottest market on the planet, our client, Teck, became a full fledged real estate investor this year.. In fact, as you’ll hear. it was REALLY hard work. This guy’s a machine. He did things most people simply aren’t willing to do. Simple things. Things we suggested… but still the things most people don’t put the time and energy to do. So while I’m excited for you to hear Teck’s story, I’m not saying your results will look like Teck’s. Unless you’re an absolute machine like he is, they won’t. But you can definitely learn from his experience. This interview will absolutely shift your understanding of what’s possible for you if you’re willing to work hard and follow a proven system.   Access The Best Strategies, Tips & Advice ! Every week, we send an email sharing my best advice, tips and strategies related to Real Estate Investing. Each of these weekly emails contain relevant and actionable information that can help you no matter where you are in your investing journey. Sign up to join our community

Almost 10 years ago, Ryan G. Wright started investing in fix and flip properties. He soon saw that it was difficult to get funding quickly on these properties, much less from reputable and reliable sources. The solution was Do Hard Money, a private hard money company that offers short-term funding for real estate investors. Coming from a background of real estate investing, he understood the needs investors have. He wanted to provide a way for others to grow their real estate investing business by offering short term loans with no money down and no monthly payments. Ryan has been a featured speaker for Bank of America, CitiMortgage, Wells Fargo, Bank of America, Inside Mortgage Finance and the ReCaptivate Conference for real estate professionals.   On today’s episode, we talk to Ryan about the secrets to success (show up, show up on time and show up prepared) in getting started in investing in real estate. Ryan talks with us about the concept of using private lending and hard money rental loans to finance your real estate investment deals. You’ll also learn the pros and cons of investing in single family housing vs. duplex/triplex and multifamily deals. Lastly, Ryan shares with us how lenders can sometimes construct demand based upon how much capital they have available.   Key Points From This Episode: How investing in single family can be a better option than multi-units (tenants, turnover, cash flow, etc.) Why your goals shouldn’t never be tied to your self-worth The 2 ways you can use hard money lender to buy rentals (Low cash to close or hard money rental loan) What is a hard money rental loan (what is the process, requirements, terms, conditions, etc.)     Links Mentioned in Today’s Episode Ryan’s Website: https://www.dohardmoney.com/ Ryan’s Favorite Books: Atlas Shrugged by Ayn Rand https://amzn.to/2OtPqmb Ryan’s Favorite Lifestyle Design App: Audible is the largest selection of audiobooks and original audio performances anywhere! https://www.audible.com/ Freebie: Download any 2 audio books for free when you try audible for 30 days: https://beforethemillions.com/book     Access The Best Strategies, Tips & Advice ! Every week, we send an email sharing my best advice, tips and strategies related to Real Estate Investing. Each of these weekly emails contain relevant and actionable information that can help you no matter where you are in your investing journey. Sign up to join our community

Zachary Beach has been around the real estate business for over 7 years. He has been a part of or has been mentored in a number of facets in the real estate world. At age 25, he decided to jump into the family real estate business. Zachary has completed an owner financing deal on a property that is worth over a million dollars and purchased it for $940,000 with principal only payments of $2500 per month. Zachary went from bartender to million dollar business owner in just under 3 years.   On today’s episode, we talk to Zachary about how to get started in lease options and owner financing deals. You’ll learn how to accelerate your real estate investing by doing this 1 thing (it has nothing to do with real estate). We also talk about misconceptions about owner financing deals and how you can create systems to help scale your business to automate it and create a lifestyle of your dreams.   Key Points From This Episode: Failing your way forward and taking action is the best way to get started in real estate Breakdown of Zachary’s first real estate transaction & how he was able to make a profit $60K The #1 action step you can do today if you want more money to scale your real estate investing What you need to look for when doing deals with real estate owners and buyers   Links Mentioned in Today’s Episode Zachary’s Website: http://www.smartrealestatecoach.com/ Zachary’s Favorite Books: 10X Rule by Grant Cardone https://amzn.to/2xAuGzk   Never Split The Difference by Chris Voss https://amzn.to/2DrteF1 Getting To Us: How Great Coaches Make Great Teams https://amzn.to/2DrCgBP No B.S. Time Management for Entrepreneurs https://amzn.to/2xOm4EQ Download any 2 audio books for free when you try audible for 30 days: https://beforethemillions.com/book   Zachary’s Favorite Lifestyle Design App: Investor Fuse: Automatically nurture your leads. Follow up faster and more often. Less clicking, less thinking, more time to flip houses. https://www.investorfuse.com/   Access The Best Strategies, Tips & Advice ! Every week, we send an email sharing my best advice, tips and strategies related to Real Estate Investing. Each of these weekly emails contain relevant and actionable information that can help you no matter where you are in your investing journey. Sign up to join our community

Omar Khan is a manager at the Dallas, Texas private equity firm Boardwalk Wealth. Omar is a CFA charterholder with 10 years of experience investing across real estate and commodities. He has completed $3.7 billion in capital financing and M&A transactions. Omar has also syndicated large multi-million dollar deals across the US and Advised high net-worth individuals and entrepreneurs on real estate portfolio allocations.   On today’s episode, we talk about escaping the rat race, finding the right multifamily deals, underwriting them and sourcing capital – international and domestic. Omar shares his story of graduating during the 2008 market crash and how he 10x his efforts to start his career in finance and real estate. You’ll learn how you can leverage your W-2 income to invest in real estate and why underwriting is the most important piece of the investment process.     Key Points From This Episode: Why investing time in growing your network will 10x your income Top questions to ask yourself before investing in real estate Importance of visualizing your success and knowing what your strengths are What makes a good underwriter and how to analyze multifamily deals   Links Mentioned in Today’s Episode Omar’s Website: https://www.boardwalkwealth.com/ Omar’s Favorite Books: Thinking, Fast and Slow by Daniel Kahneman Great Expectations by Charles Dickens Download any 2 audio books for free when you try audible for 30 days: https://beforethemillions.com/book     Access The Best Strategies, Tips & Advice ! Every week, we send an email sharing my best advice, tips and strategies related to Real Estate Investing. Each of these weekly emails contain relevant and actionable information that can help you no matter where you are in your investing journey. Sign up to join our community

Jim Palmer is a marketing and business building expert and in-demand coach. He is the founder of the Dream Business Academy and Dream Business Coaching and Mastermind Program. He is the host of Dream Business Coach TV, the hit weekly Web TV show watched by thousands of entrepreneurs and small business owners, and he is also the host of Dream Business Radio, a weekly podcast based on Jim’s unique brand of Smart Marketing and Business Building Strategies.   Jim is best known internationally as ‘The Dream Business Coach’ and creator of No Hassle Newsletters, the ultimate ‘done-for-you’ newsletter marketing program used by hundreds of clients in nine countries. Jim Palmer speaks and gives interviews on such topics as entrepreneurial success, newsletter marketing, client retention, how to build a profitable business and how to create your own Dream Business. Jim is a cancer survivor, has been married for over thirty-five years, has four grown children and three grandchildren. Recently, Jim and his wife Stephanie JUST SAID YES to their dream of living on a boat.  Join their adventure, which is chronicled on Our Floating Home.   On today’s episode, we talk with Captain Jim about his journey as an entrepreneur and what steps he had to take before the millions to grow a successful brand and company. You’ll learn how you can create a “dream business” that provides financial and time freedom which enables you to live life on your terms. We also talk to Jim about how having the right mindset separates the high income earners vs. people who just get by in life. Jim shares his experience in a mastermind group and the powerful benefits it can have on your life today. Lastly, we wrap up the episode with Jim sharing the importance of being able to control your environment and how failure set Jim up for later success in business and life.     Key Points From This Episode: How you can create a dream business that provides financial and time freedom Understanding that being the best at what you do is not enough (Your mindset determines everything) Jim’s most embarrassing moment to date (2 years after starting his coaching program) How has failure later set Jim up for later success What “playing not to lose” and ROI madness means and how to avoid it Difference between rushing the process vs. enjoying the journey Jim’s best investment in himself was joining a mastermind groups and hiring mentorship The #1 turning point that most entrepreneurs face before taking their business to the next level What is a mastermind group is and why it is such a powerful resource for investors and entrepreneurs What separates high income earners vs. people who just get by The habits and personality traits of high income earners and how you can start to adopt these traits today   Links Mentioned in Today’s Episode Jim’s Website: http://www.getjimpalmer.com/ http://ourfloatinghome.com/ Jim’s Favorite Book: No B.S. Wealth Attraction in the New Economy https://amzn.to/2x5bgBA Download any 2 audio books for free when you try audible for 30 days: https://beforethemillions.com/book     Access The Best Strategies, Tips & Advice ! Every week, we send an email sharing my best advice, tips and strategies related to Real Estate Investing. Each of these weekly emails contain relevant and actionable information that can help you no matter where you are in your investing journey. Sign up to join our community