BigMikeFund

Welcome to The Big Mike Fund Podcast. It’s my pleasure and privilege to welcome back to the show, Chris Miles who is an Infinite Banking expert. Today we’ll be talking about what life insurance is, the trends in the market, different forms of life insurance, and we’ll briefly touch on the stock market and other types of investments.

Chris Miles, is the “Cash Flow Expert.” He is a leading authority on how to create cash flow and lasting wealth for thousands of his clients, entrepreneurs, and others internationally. After working as a traditional financial advisor and stock coach for several years, Chris came to a stark realization that the financial advising industry was not showing anyone how to quickly and safely become financially prosperous today. After leaving that industry, he was able to retire when he was 28, and has since worked to teach his effective, unique strategies, for companies like Freedom Fast Track and Garrett Gunderson, and now Money Ripples, while exposing the popular myths around money that have kept so many from enjoying financial freedom and peace of mind.

Minute Markers:

00:22 - Hello and Welcome

01:00 - Current state of real estate and the stock market

02:00 - Chris’ background and family life

03:50 - Infinite banking

07:23 - Whole Life Insurance and Reinsurance

11:00 - Negative interest rates

12:40 - Trends of life insurance companies

13:50 - Reaching Chris

15:10 - Financial planning

20:00 - What’s wrong with the stock market

23:30 - Real estate, leverage, and IRAs

30:00 - Legacy and life insurance

32:40 - Walt Disney World and the misconception of life insurance

37:55 - Conclusion and final thoughts

39:48 - Thank you for listening to the Big Mike Fund Podcast

Quotes:

“Infinite banking is just a fancy term that people use to let your money flow in and out of life insurance, specifically whole life. What most people don't realize—most people all know what term is. It's death insurance. You pay into it, you die, and you finally get paid. Actually, you don't. Your heirs get paid. You get nothing. You're dead.” – Chris Miles

“I would agree with the trend, that as rates are very low, life insurance companies can only pay lower returns. If they go into negative, it'll be a little bit less. The primary benefit is not just the 4.5%, 5%, or even 5.5% return, but it's access to the capital and ability to take action with that cash. You're basically self banking.” – Chris Miles

“You might find a rapper. A little kid rapper that's named Chris Miles. That is not me, I promise.” – Chris Miles

“Here's the thing I can promise you. There is no product offered by a financial adviser, including life insurance, that will make you financially free..” – Chris Miles

“That's why I'm the anti because I'm against mutual funds, from the standpoint of trying to retire off of them and that sort of thing. If you want to have some in your portfolio, fine. But don't bank on that. You do need help, and that's where finding someone who can say, ‘Hey, let's look at your whole picture here. Where do we find money,’ and ‘How do we turn out a way to help you make more?’” – Chris Miles

“That's one of the problems with the stock markets. One of the major problems, the Ps being so high that the incomes and the distributions of dividends are just out of control.” – Mike Zlotnik

Resources:

YouTube video: ”

On today’s episode, I’m talking with Steve Wible. Steve is a Marine Corps veteran with a deep background in real estate sales, flipping and property management, print manufacturing, and of course, building and obtaining business credit. He has founded and led multiple successful companies and had as many as 300+ rental properties in his portfolio. Our conversation today is about business credit, fundability factors, credit rate terminology, and about COVID and how it has affected lending and credit scores.

Minute Markers:

00:20 - Hello and Welcome

01:06 - A little about Steve

03:00 - Fundability factors

06:30 - The process of how Steve works with clients

08:00 - Business versus Personal Credit Card

12:35 - Where do people get credit today?

15:35 - Cash flow financing

18:00 - Typical terms on introductory rate credit cards

21:50 - Where to find Steve’s services

24:00 - How does the government know how to run your business?

27:00 - Final comments, Final thoughts

30:43 - Thank you for listening to the Big Mike Fund Podcast

Quotes:

“Take advantage of [gas cards] and use it and build your business profile. First of all, you’re not using your personal credit. The utilization directly impacts your personal credit score. The less you use it, the stronger your score will be. So it’s there when you really need it.” - Steve WIble

“Anyone who lived through ‘08, we’ve seen this before. We know what the end result is. In the end, [a lender’s] job is to lend money.” - Steve WIble

“[CreditSuite] is not a sales company, we want to educate first. If you’re unsure, just reach out” - Steve WIble

“It’s been very difficult to operate in a government mandated and regulated environment.” - Mike Zlotnik

“COVID has differentiated between the winners and the losers in a very big way.” - Mike Zlotnik

Resources:

LinkedIn: Steve Wible

Office phone: 1-877-600-2487

Website: CreditSuite

Welcome to The Big Mike Fund Podcast. Today, it is my pleasure and a privilege to welcome Jake Vanderslice to the podcast. Jake is a specialist in self-storage and is also a brother from the Freedom Founders Mastermind as well as the Collective Genius Mastermind. In this episode Jake and I talk about the process, benefits, and the state of investing in self-storage, how Denver is holding up in the pandemic, and interest rates and cap rates.

Minute Markers:

00:20 - Hello and Welcome

00:30 - Jake Vanderslice introduction and backstory

03:08 - The value in investing in existing self-storage facilities

04:00 - The length of time for the process of leasing a facility and getting it ready

05:00 - The benefits of self-storage

06:45 - Jake’s first and second fund

08:14 - Distributions on Jake’s first fund

11:54 - REITs and cap rates

14:50 - Rising interest rates

16:00 - Denver, COVID, and their status

19:30 - The risk of oversupply and the challenge of retail conversions

22:20 - Getting a hold of Jake

22:58 - Thank you for listening to the Big Mike Fund Podcast

Quotes:

“We got into the self storage business in 2015 with some institutional partners. We liked the space because it's scalable, repeatable, and predictable. The data at the time suggested that it was historically resistant to downturns.” – Jake Vanderslice

“One of the main things we like about the asset classes, the granularity of the income streams, you're relying on (in our case) thousands of people to pay us tiny bits of rent every month. Versus in retail projects, for example, we have a brewery paying us $15,000 a month and they're going to pay or not.” – Jake Vanderslice

“The old adage that cash is king is still important, but I think today cash flow is king, and people just really want predictable repeatable dividends. If you can create that that's compelling” – Jake Vanderslice

“Commercial banks are still lending. We really haven't seen any other changes beyond just our maturity dates and that 4% on our interest rates.” – Jake Vanderslice

“The thesis is this as the interest rates drop, the cap rates should match. Directionally, we have COVID which is terrible. It's a pandemic and we’re all suffering health-wise and economically, but on the other side, you've got drop rates. What the Fed has done is created an environment where investors are willing to take lower cap rates because the cost of capital is cheap.”  – Mike Zlotnik

“We're dealing with a yield-starved environment with rates having trouble to where they are. There are really no great alternatives to Wall Street. The fund yields are very low unless you're dealing with really junk bonds and you're buying into high-risk stuff, or if you are looking for conservative cash flow. It's hard to find..” – Mike Zlotnik

Resources:

Vanwest Partners

Jake Vanderslice LinkedIn

Welcome to The Big Mike Fund Podcast. Today it is my pleasure and a privilege to talk to friend and mastermind brother, Fernando Angelucci, a real estate and self-storage guru. In this episode we talk about self-storage trends, numbers, “eviction” (or in this case, lien) laws, and Fernando’s process. We’ll also chat about the future of self-storage and Fernando’s future projects and opportunities.

Minute Markers:

00:22 – Hello and Welcome

01:00 – Who is Fernando?

03:20 – Eviction and motivating renters to pay

05:25 – Absorption rate lease-up

07:00 – Self-Storage trends

09:00 – Fernando’s Self-storage “eviction” process

11:15 – Buying existing self-storage facilities

16:00 – Fernando’s new projects and opportunities

20:00 – Upcoming deals

23:50 – Bank loan interest rates

27:12 – Delinquencies and occupancy trends for self-storage

31:15 – The near future for self-storage and cap rates

33:00 – Getting in touch with Fernando

00:00 – Thank you for listening to the Big Mike Fund Podcast

Quotes:

“Since the COVID pandemic started and really hit the United States, our occupancies across all of our facilities have actually increased. In some of the facilities where we thought we were at an artificial ceiling on occupancy, we've actually exceeded those levels. We're getting a lot of people coming into the self storage facilities. I think the main reason is self storage serves people in transition.” – Fernando Angelucci

“For maybe every 1 development we do, we'll buy 10 cash-flowing existing self storage facilities to balance it.” – Fernando Angelucci

“What we've noticed is unfortunately for the investors that own assets in the B- and below grade areas—West Side of Chicago, South Side of Chicago—their April 1st delinquencies were massive. Over 60%.” – Fernando Angelucci

“When you have your non-sophisticated sellers (what I call the mom and pops) that may own one or two facilities, those cap rates for us are going through the roof. We're starting to make blanket offers on any facility that comes in before we even look at it. We're doing 10% plus cap rate offers and they're getting accepted.” – Fernando Angelucci

“People are going to step down. Everybody's stepping down, so the demand for the affordable stuff is increasing while the high-end upgrades people just not. They're delaying their decisions because of uncertainty.” – Mike Zlotnik

Resources:

LinkedIn: Fernando Angelucci

Titan Wealth Group website

Twitter: @TheStorageStud

The Storage Stud website