Building Passive Income

Building Passive Income

By Wayne Courreges III & CREI CollinBusinessEducationSelf-ImprovementInvesting
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Building Passive Income episodes

  • Consistency, Processes, and Technology in Real Estate with Chris Freeman
    In this episode, Wayne talks to Chris Freeman, Principal Partner at High Tech Freedom, about consistency, processes, and technology in real estate. 
    Chris is an experienced real estate investor with $30 million in assets under management. His 20 years of real estate investment has focused exclusively on multifamily apartment buildings that generate immediate cash flow.
    For more than 25 years, Chris has been fortunate to experience financial success through high-tech sales and sales leadership. He learned how to achieve a high level of performance in sales while re-deploying a portion of his commissions into cash flow generating real estate. 
    Through a consistent process over time, Chris created enough passive income to replace his high-tech sales income. This success inspired Chris to create High Tech Freedom Capital and help peers achieve their own personal success. 
    Topics on Today’s Episode:
    • Duplex Days: How Chris got started in real estate was not intentional part of grand plan
    • Mentor/Partner/Father-in-Law: Chris connected with retiree making serious cash flow
    • Commissions: Put money down on multifamily properties to increase cash flowing assets
    • Caution – Shiny Objects: Leverage basic tech platforms and tools to scale business
    • Workflow: Follow steps in processes, make it consistent, and checklist everything
    • Avatar: Why Chris focuses on raising capital, growing with high-tech sales entrepreneurs
    • Property Challenge: Buying is more competitive but more info is available/accessible
    • Metrics: Are we growing? How are the expenses? Are meetings and investor calls up?
    • Motivation: Big goals and big dreams to own 300 units all paid off to generate cash flow
    • To Do: Plan and map out daily, weekly, yearly goals – include revenue-generating activity 
    • Moving the Business Forward: Is what you are doing matter or just keeping you busy?
    • Primary Partnerships: How Chris builds relationships and sources deals to grow portfolio
    • Lessons Learned: Feel sorry for yourself for a few minutes, then start working again
    • Overlooked Aspects: Numbers game – don’t let emotions/assumptions get in the way 
      • Links and Resources:
      Chris Freeman
      linkedin.com/in/chrisfreeman
      hightechfreedom.com
      PDXFreeman
      CREI Partners
      https://www.meetup.com/texas-multi-family-investor-meet-up/
      https://www.passiveinvestorcoaching.com
      https://www.facebook.com/creipartners
      https://linktr.ee/creipartners
      https://www.passiveinvestorcoaching.com/enrollnow
      36 min
    • Navigating Inflation, Interest Rates, and Cap Rates with Stewart Heath
      n this episode, Wayne talks to Stewart Heath, Chairman and CEO of Harvard Grace Capital (HGC), which provides fractional C-level executive services to clients as well as general business consulting. 
      Stewart sits on several boards, including HGC, Winsome Truth, The Shepherd’s Call, and Second Chance Sober Living. Also, he holds several fractional CFO positions.  
      Previously, Stewart held positions as COO and CFO for companies in retail, real estate, manufacturing, corporate services, entertainment, and digital media. He earned his CPA license in 1987 and has since held several senior financial and operating positions. Stewart also holds a bachelor’s degree in Business Administration from Auburn University.
       
      Topics on Today’s Episode:
      • Inheritance: How and when Stewart became interested in real estate, long-term assets 
      • Carleton Sheets: Who inspired Stewart to transition from taxes to real estate investing
      • Lessons Learned: Financial crisis, pandemic changed view on value of equity/reserves 
      • 840/565 Corridor: Stewart chooses market based on competition, growth, and familiarity 
      • Inflation and Interest Rates: What to expect and how they will impact real estate
      • Real Estate Cycle: Consumer demand, labor shortages dictate where businesses locate
      • Real Estate Metrics: Stewart recommends various resources to research interest rates
      • Financial/Tax Strategies: Use retirement accounts, credit unions for better terms/deals 
        • 39 min

      About Building Passive Income

      From the publisher's feed

      Welcome to the Building Passive Income podcast with your host, Wayne Courreges III. From serving as a U.S. Marine to becoming a successful real estate investor and founder of CREI Partners, Wayne…