Creative Capital

Welcome back to the Creative Capital Podcast with Josh Ferrari! In this episode, we have Leka Devatha! Leka is a real estate developer and broker based in Seattle, WA. She is the President of Rehabit Homes, Inc., a company focused on residential redevelopment. She has spearheaded hundreds of transactions, developing over $50M in real estate. Leka brings 8 years of experience in construction management and redesign. Leka has been featured on numerous podcasts and other media including Business Insider and BiggerPockets. She is a chapter contributor in the recently published book 'The Only Woman in The Room'. In an effort to give back to the community, she hosts a popular virtual networking mixer, 'Real Estate At Work' featuring prominent speakers from the industry.

In this episode, Leka shares with us how she made a seven-figure profit on just one flip! She gets into the full details of the deal, from how she found the property to how she was able to create such a huge profit. She also shares her thoughts on passive income and networking. Join us and listen in!

[00:01 - 07:07] Introduction

• Welcoming Leka to the show
• Leka shares her background
• • Moving from India to the US
  • How she started in real estate
  • Flipping single-family homes
  • Specializing on reconstruction

[07:08 - 18:32] From the Fashion Industry to Real Estate

• Transitioning from the fashion industry to real estate
• • What made her want to shift to real estate investing
  • Wanting to be her own boss
  • Building a legacy
• Beginning her journey in real estate
• • Doing her research and getting educated
  • Discovering fix and flip
• What Leka's day-to-day looks like
• • The advantage of a one-person show
  • Thriving in chaos
• Investing in a local property vs. an out-of-state property
• • Having a bad property manager
• The advice she would give herself when she entered the real estate business
• • Hold properties

[18:33 - 25:31] What It Takes to Be Successful in Real Estate Investing

• Leka shares her thoughts on passive income
• • Having doubts about passive income at first
  • The benefit of holding properties long term
  • Leka and I talk about the perpetuity model
• What it takes to be successful in real estate investing
• • Her love for people
  • Giving back
  • The importance of network
• Leka on how you can connect with people
• • Find common ground
  • Be authentic

[25:32 - 35:21] How Leka Made a Seven-figure Profit on Just One Flip

• Leka shares how she found the deal
• The effect of subdividing the property
• The improvements she made on the property
• The timeline of the flip
• Selling the property
• The profit she made

[35:22 - 39:06] The Pod Decks Segment

• What is the weirdest thing you have seen in someone else's home?
• If you googled your name 10 years from now, what do you think it would say?

[39:07 - 46:39] The Core Four

• What is your favorite real estate-related book?
• • The ABCs of Real Estate Investing (link below)
• What do you think your unique skill is that helped you become successful?
• • Her ability to connect with people
• Tell me something that's true about real estate that almost nobody agrees with you on
• • Why knowing how many doors someone owns doesn't mean anything
• What one piece of advice would you give the listeners wanting to succeed in real estate investing?
• • Take those chances
  • Network extensively
• Connect with Leka!
• A summary of the episode

Key Quotes:

"Go find common ground. You can find common ground with anybody, so just go find common ground and put yourself out there and be authentic." - Leka Devatha

"Take those chances, but make them measured, and surround yourself with people that can help you get to whatever your next goal is. And network crazy, extensively." - Leka Devatha

Resources Mentioned:

• The ABCs of Real Estate Investing

Connect with Leka on Instagram and LinkedIn!

Check out Leka's website at https://www.rehabithomes.com/

You can reach and connect with me on Facebook, LinkedIn, Instagram, and Youtube

For more information about Ferrari Capital visit us on our website https://www.ferraricapital.com

SUBSCRIBE to this podcast for more episodes on how to create your own future through smart and lucrative investments.

LEAVE A 5-STAR REVIEW and share this podcast with someone you know who wants to experience massive growth and success in their business.

Listen to our previous episodes here

Welcome back to the Creative Capital Podcast with Josh Ferrari! When people try to 'pick someone's brain', particularly from a successful person, they just do it abruptly without any intention of providing value to the individual. Oftentimes, this just doesn't work. In this week's segment of No Limit Minute, I am going to talk about how you can approach someone you want to talk to more effectively. I am going to share why providing the individual what you can offer or trying to solve any of their problems will increase your chances of getting that phone call or conversation. Join me and listen in!

[00:01 - 01:55] Introduction

• Today's topic
• How people typically 'pick someone's brain'

[01:56 - 10:39] Perpetuity Syndication Model

• What you can do if you're looking for 'synergy'
• • Do some research on the person
  • Tailor the conversation to a problem they're trying to solve
• How to pick someone's brain the right way
• • Identify what you can offer
  • Add value
  • Provide your services for free

Key Quotes:

"The next time you go out and you ask someone or you really want to talk to someone to pick their brain or to see if you've got any synergies with this individual, try to solve a problem for them. Try to work for them for free… Do something for that individual that shows that you care, that you value them, and that you took the time to read about them and read about what it is that they need, so they can know that that conversation is going to be 100% worth it." - Josh Ferrari

You can reach and connect with me on Facebook, LinkedIn, Instagram, and Youtube

For more information about Ferrari Capital visit us on our website https://www.ferraricapital.com

SUBSCRIBE to this podcast for more episodes on how to create your own future through smart and lucrative investments.

LEAVE A 5-STAR REVIEW and share this podcast with someone you know who wants to experience massive growth and success in their business.

Listen to our previous episodes here

Welcome to the Creative Capital Podcast with Josh Ferrari! In this episode, I welcome David Belfort! David is an Air Force veteran, real estate investor, and commercial airline pilot. He graduated from the US Air Force Academy in 2003 and spent the next 11 years as an Air Force fighter pilot flying the A-10 Warthog all over the world, including multiple deployments to Afghanistan. Dave left the Air Force in 2014 and worked in Corporate America for a couple of years before realizing it just wasn't for him. Dave quit his job in 2017 to run his own real estate investment business. He has had many successes (like closing a $55,000 wholesale deal) and many failures (like hiring a bank robber---literally, no joke---a bank robber) in the investing world and has learned countless lessons along the way. He and his business partner performed more than 50 wholesales and flip over the next two years before realizing his real passion was educating people on the truths about money and, more specifically, the Infinite Banking Concept, of which he has been a user since 2010.

In early 2019 Dave founded Max Performance Financial, a financial strategies company that focuses on non-mainstream wealth and tax strategies for families, business owners, and real estate investors. Dave is an expert on life insurance wealth strategies and a member of the Nelson Nash Institute, whose mission is "to educate and inspire individuals to take control of their financial lives by reclaiming the banking function from outsiders." He focuses on educating current and future clients on the power of creating your own family bank in order to control your wealth, capitalize on financial opportunities, and leave a legacy for your heirs. He has discovered through the first-hand experience how combining the power of the Infinite Banking Concept with real estate investing produces unparalleled results for private investors.

In this episode, David breaks down the whole concept of infinite banking. He talks about its advantages, processes, and fundamentals. He also shares the things you have to know before you start infinite banking. Join us and listen in!

[00:01 - 09:09] Introduction

• Today's topic
• • The infinite banking concept
  • Creating your own banking system
• Details about the 30-day capital raising challenge (Link below)
• David shares his background
• • Going to the Air Force
  • Transitioning to corporate America
  • How he started in real estate investing
  • Flipping contracts and houses
  • Getting into infinite banking

[09:10 - 32:48] Create Your Own Banking System Using Life Insurance

• What David is trying to achieve long term with infinite banking
• • Getting your money to make more money
  • The advantage of the banking business
  • David talks about the book "Becoming Your Own Banker" (Link below)
• Creating life insurance policies
• • Having ownership
  • Teaching his kids about finance, banking, and investments
• David shares how infinite banking works
• How much money you need to start infinite banking
• • Start where you are
  • Save 10-25% of your income
• How infinite banking gives you an advantage
• • Leveraging your cash
  • The capitalization phase
  • Which is more advantageous: having one policy or having multiple policies?
• Why people don't know about infinite banking
• • Putting your money under your control

[32:49 - 38:28] What You Have to Know Before Starting Infinite Banking

• How you can learn more about infinite banking
• • Find somebody who knows what they're doing
• Why choosing the right company is important
• • Stock owned companies vs. mutually owned companies
  • Make sure the company is mutually owned
  • Look at the rankings
  • Dividend rates

[38:29 - 41:45] The Pod Decks Segment

• Was there ever a time in your life that you thought you were going to die?
• • David shares a story about flying
• If you were required by law to get a full-body tattoo, what would you get tattooed over your entire body?
• • Brad Pitt's face
  • Abs

[41:48 - 48:26] The Core Four

• What is your favorite real estate-related book?
• • Getting the Money (Link below)
• What do you think your unique skill is that helps you become successful?
• • Being coachable
• What's true about real estate that almost nobody agrees with you on?
• • Real estate investing is anything but passive
• What one piece of advice would you give to our listeners wanting to succeed in real estate investing?
• • Get a coach
  • Be okay with failure
• How you can connect with David
• Closing words

Key Quotes:

"Be okay with failure because you're going to fail in real estate investing, [On] my first flip, I lost $11,000, but I didn't let it keep me from doing my second flip. If you can't get past failure in real estate investing, you're not going to be a real estate investor for very long at all." - David Befort

"There's no more profitable business in the world than banking, so if you can learn that, learn the fundamental principles of that, that should be one business that everybody is in, especially real estate investors. You should be in the real estate investing business and you should be in the banking business." - David Befort

Resources Mentioned:

• Becoming Your Own Banker
• Getting Your Money
• Max Performance Financial
• Creative Capital Challenge

Connect with David via email and LinkedIn!

You can reach and connect with me on Facebook, LinkedIn, Instagram, and Youtube

For more information about Ferrari Capital visit us on our website https://www.ferraricapital.com

SUBSCRIBE to this podcast for more episodes on how to create your own future through smart and lucrative investments.

LEAVE A 5-STAR REVIEW and share this podcast with someone you know who wants to experience massive growth and success in their business.

Listen to our previous episodes here

Welcome to the Creative Capital Podcast with Josh Ferrari! In this week's segment of No Limit Minute, I am going to talk about the Perpetuity Syndication Model, a different structure of syndication. I will share how the model works and talk about its benefits in terms of cash flow, equity, and tax. Join me and learn about this great syndication model!

[00:01 - 00:57] Introduction

• Defining syndication
• Today's topic
• • A different structure of syndication

[00:58 - 08:38] Perpetuity Syndication Model

• Breaking down the model
• • Return and time frame
  • Cash flow
  • Major benefits
  • Maximum tax benefits
• A lot of investors don't know about this model
• • You can actually do this!

Key Quotes:

"I hope to just inform you that this model of syndication is a thing, that you can actually do this, that you as an active investor can actually retire from your day job much sooner than you think via this kind of waterfall structure of getting 70% of the cash flow that the property is actually producing." - Josh Ferrari

https://www.facebook.com/joshua.ferrari.16/

https://www.instagram.com/ferraricapital/ | https://www.linkedin.com/in/joshua-ferrari-6b9107160/

You can reach and connect with me on Facebook, LinkedIn, Instagram, and Youtube

For more information about Ferrari Capital visit us on our website https://www.ferraricapital.com

SUBSCRIBE to this podcast for more episodes on how to create your own future through smart and lucrative investments.

LEAVE A 5-STAR REVIEW and share this podcast with someone you know who wants to experience massive growth and success in their business.

Listen to our previous episodes here

Welcome to the Creative Capital Podcast with Josh Ferrari! In this episode, we have Savannah Arroyo! Savannah shares with us today how she began in real estate investing while being a nurse. She shares the advantages of multifamily real estate investing and how she builds trust with her investors in her syndications. She also talks about how she manages her time as a nurse and a real estate investor.

Savannah, also known as "The Networth Nurse", is a full-time Registered Nurse in Los Angeles, California. She uses her skills as a leader in healthcare operations to manage multifamily syndications. She also helps busy medical professionals create passive income through real estate investing.

Join us and find out how you can invest in multifamily properties while fulfilling your other passions!

[00:01 - 08:08] Introduction

• Savannah shares her background
• • Her passion for nursing
  • Getting her master's degree

• How she got into real estate investing

• Doing multifamily syndications
• Working with her husband

[08:09 - 21:58] Talking Multifamily Syndications

• What made Savannah dive into multifamily investing
• • Working in team environments
  • Falling in love with the Georgia market
  • The impact of listening to podcasts
  • Their entry point to real estate investing
  • Closing their first multifamily deal
• Where they are now in the multifamily syndication space
• • How many deals they've done
  • Capital raising
  • Building trust with investors
  • Platform building
• The importance of having marketing coaches
• • Podcasts helped a lot
  • Gaining confidence

[21:59 - 28:30] Medicine and Multifamily Investing

• How Savannah manages her time
• • What she uses to organize her schedule
• Being a nurse and a real estate investor at the same time
• • Creating multiple streams of income
  • Having the time freedom
• Savannah's advice to those who want to get into real estate investing
• • Reach out to someone who's doing what you want to do

[28:31 - 31:29] The Pod Decks Segment

• How Savannah would make school and learning more fun
• • Creative learning
  • Flexible atmosphere
  • Immersion
• Savannah shares a secret
• • Her single-family property in Georgia

[31:30 - 39:08] The Core Four

• Favorite Real Estate Related Book?
• • Financial Freedom with Real Estate Investing by Michael Blank (link below)
• What do you think your unique skill is that helped you become successful?
• • Leadership
• Tell me something that's true about real estate that almost nobody agrees with you on?
• • Leveraging debt
• What one piece of advice would you give to our listeners wanting to succeed in real estate investing?
• • There's no one way to do it
• If anybody wants to learn more about you & your business, how can people get in touch with you?
• • Connect with Savannah! Links below
• Closing words

Key Quotes:

"You have to go through the hard moments to make the good moments feel really good. Everyone has to put in their work, it's just a part of the grind." - Savannah Arroyo

"If someone's at a place in their life where you want to be, there's no need to reinvent the wheel. You take the steps that they took to get there, and chances are you can end up exactly there as well." Savannah Arroyo

Resources Mentioned:

• Financial Freedom with Real Estate Investing by Michael Blank

Connect with Savannah via email at [email protected]

Find her on:

• LinkedIn: https://www.linkedin.com/in/savannah-arroyo-063ab3106/
• Instagram: https://www.instagram.com/thenetworthnurse/?hl=en
• Facebook: https://www.facebook.com/The-Networth-Nurse-103921808196277/
• YouTube: https://www.youtube.com/channel/UCWd-RdXmvfL1yCp5ddK40mA

https://www.facebook.com/joshua.ferrari.16/

https://www.instagram.com/ferraricapital/ | https://www.linkedin.com/in/joshua-ferrari-6b9107160/

You can reach and connect with me on Facebook, LinkedIn, Instagram, and Youtube

For more information about Ferrari Capital visit us on our website https://www.ferraricapital.com

SUBSCRIBE to this podcast for more episodes on how to create your own future through smart and lucrative investments.

LEAVE A 5-STAR REVIEW and share this podcast with someone you know who wants to experience massive growth and success in their business.

Listen to our previous episodes here

Welcome to the Creative Capital Podcast with Josh Ferrari! In this week's segment of No Limit Minute, I am going to talk about the importance of figuring out what works for you. This does not only apply to your business or career but to every aspect of your life. From when you want to work out, to whether you want to keep a journal or not - you do you! Finding out what works for you will be your key to success because, at the end of the day, the same thing does not work for everyone. Hop in on this episode and find out more about the significance of finding out what works for you, Listen in!

[00:01 - 04:31] Figure Out What Works For You

• You don't have to work out in the morning to be successful
• The same thing does not work for everybody
• Don't be persuaded by people who tell you what you should do

Key Quotes:

"Finding out what works for you is going to be the key to your success because the same thing does not work for everybody." - Joshua Ferrari

"You need to figure out what works best for you in order to allow your journey and your goals and your lifestyle to be the best that it can be and the best that you want it to be." Joshua Ferrari

https://www.facebook.com/joshua.ferrari.16/

https://www.instagram.com/ferraricapital/ | https://www.linkedin.com/in/joshua-ferrari-6b9107160/

You can reach and connect with me on Facebook, LinkedIn, Instagram, and Youtube

For more information about Ferrari Capital visit us on our website https://www.ferraricapital.com

SUBSCRIBE to this podcast for more episodes on how to create your own future through smart and lucrative investments.

LEAVE A 5-STAR REVIEW and share this podcast with someone you know who wants to experience massive growth and success in their business.

Listen to our previous episodes here

What can technology do to make investing easier? Joining our episode today is Brad St. Onge, who talks about how using technology can streamline the process and can completely transform the game for anyone looking to grow their real estate business. He also explains in-depth how it saves time and increases efficiency.

• Brad's background and how he got interested in real estate investing.
• How do adaptability and having good customer relations lead to success?
• InvestNext: What is it, how does it work, and make investing easier?
• How can this technology help the scalability perspective of the business?
• How much does the software cost?
• The secrets that one should know about the investor portal

Pod Decks Segment

Core Four Segment

• Favorite Real Estate Related Book
• What do you think your unique skill is that helped you become successful?
• Tell me something that's true about real estate that almost nobody agrees with you on?
• One piece of advice would you give to our listeners wanting to succeed in real estate investing

Book mentioned

• The Only Woman In The Room by Ashley Wilson

Resource/Link Mentioned

• The Mortgage Lender Implode Meter

About Brad St. Onge

Brad St. Onge started working in the mortgage industry on the wholesale side, in 2003, after graduating from Central Michigan University. He focused primarily on residential lending for the first few years. He had a passion for learning more about the commercial lending side and when his company started to dabble in small commercial lending, he was one of a few account executives that had the opportunity to sell multifamily loans. He found his way into the banking industry and it was this experience that landed him a job running an investor relations department for a real estate private equity firm. At this firm, he met the founders of a startup investment management platform called InvestNext. Now, he is the Head of Partnerships with InvestNext where he works with their clients in order to continually add features and increase the visibility of the InvestNext brand.

Connect with Brad

• Email: [email protected]
• Website: InvestNext
• LinkedIn: Brad St. Onge

For more information about Ferrari Capital visit us on our website @ https://www.ferraricapital.com

If interested in doing any deals with us and want to keep updated on any upcoming new deals, just sign up at the link below and you'll be on our investor list:

Partnership — Ferrari Capital

To grab a copy of our free Ebook: "The Ultimate Guide to Investing in Multifamily Syndications", just provide us your email on our homepage, and will send that right over to you.

Today's segment is inspired by Tim Grover's book: Winning: The Unforgiving Race to Greatness. We all have different perspectives and definitions of winning in all aspects of life. So at the moment, I invite you to tune in and challenge yourself to think differently, to reflect on what winning means to you, and share it with your family and friends.

David Dodge talks about how he managed to get a $440K wholesale fee and why marketing is the key to wholesaling. Tune in to find out how to get leads and get a deeper understanding of the wholesale business.

• David's background and how he got interested in real estate.
• Why choose wholesaling?
• The story of the gritty details of the $440K wholesale fee
• How to find a 112 unit wholesale deal?
• How to get started in wholesaling?

Pod Decks Segment

Core Four Segment

• Favorite Real Estate Related Book
• What do you think your unique skill is that helped you become successful?
• Tell me something that's true about real estate that almost nobody agrees with you on?
• One piece of advice would you give to our listeners wanting to succeed in real estate investing

Books mentioned

• The BRRRR Method: Build a Rental Empire With Nothing Out Of Pocket
• THE ULTIMATE GUIDE TO WHOLESALING REAL ESTATE: LEARN HOW TO BUY PROPERTIES AT A DISCOUNT
• The Three Pillars of Wholesaling Real Estate: Learn How to Wholesale

Resource/Link Mentioned

• Free Wholesale Course

About David Dodge

David Dodge is a Real Estate Investor with over 17 years of experience. David specializes in wholesaling real estate as well as teaching others how easy it is to learn how they too can wholesale Real Estate for huge profits. David is also the Co-Author of 3 books; "The Ultimate Guide to Wholesale Real Estate", "The BRRRR Method" & "The 3 Pillars of Wholesaling Real Estate" that he wrote with his business partner Mike Slane. His podcast "Discount Property Investor" teaches people all about wholesaling real estate as well as tons of tips and tricks about marketing, land-lording, rehabbing, and specifically wholesaling properties.

Connect with David

• Website: www.discountpropertyinvestor.com
• Instagram: @discountpropertyinvestor

@davidalandodge

• Facebook: Wholesaling Houses & Marketing Methods

David Dodge

For more information about Ferrari Capital visit us on our website @ https://www.ferraricapital.com

If interested in doing any deals with us and want to keep updated on any upcoming new deals, just sign up at the link below and you'll be on our investor list:

Partnership — Ferrari Capital

To grab a copy of our free Ebook: "The Ultimate Guide to Investing in Multifamily Syndications", just provide us your email on our homepage, and will send that right over to you.

Today, I invite you to do something unique and creative for those you do business with. Tune in to be inspired to give and watch how it can impact not only their lives but yours as well.