By Joseph Bramante
The podcast currently has 22 episodes available.
Chantal Duame is a short-term rental investor and co-owner of Good Neighbor Realty, a boutique real estate brokerage that specializes in short-term rental investments. Chantal grosses multiple six figures passively from her short-term rental investments and has helped over 60 investors purchase short-term rentals in Colorado just last year.
In this conversation, Chantal Duame discusses the pros and cons of transitioning from traditional income to self-employed income through the use of short-term rentals. she advises clients on how to purchase and launch a successful short-term rental business, pointing out that there is a lot more work involved than simply buying a house. She also shares the potential for oversaturation in the short-term rental market, and whether or not regulation is a good idea.
[00:01 - 10:57] Opening Segment
[10:57 - 24:54] Short Term Rentals
[24:55 - 41:36] Making Money through Short Term Rentals
Quotes:
"When oversaturation happens from a short-term rental perspective, then the return from a short-term rental investment starts to diminish as well." - Chantal Duame
“Short-term rental really comes down to proximity and quality of design, as well as furniture and style.” - Chantal Duame
Connect with Chantal through LinkedIn, Instagram, Facebook, or visit www.TheGoodNeighbors.com.
Connect with Joseph on LinkedIn, Facebook, Twitter, and Instagram
Download resources and join our private investor group at www.engineeringpassiveincome.com
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Maurice Philogene is a real estate investor & entrepreneur, restaurant owner, explorer of 100 countries, public servant (Federal Agent & Police Officer), philanthropist, and lifestyle design/wealth coach. He is a founding managing partner of Quattro Capital with a passion for living life leveraging freedom principles - financial freedom, time freedom, geographic freedom, freedom of purpose, and freedom of relationships. Maurice used real estate and professional careers to generate passive income and build a legacy all while empowering communities and helping others live their best life now through lifestyle design.
In this episode, Joseph and Maurice discuss how to generate passive income in a way that is both fulfilling and meaningful. Maurice Shares his journey of traveling the world and how it has allowed him to develop multiple skills and businesses. Maurice also shares his story of transitioning from a high-income professional to a successful real estate investor.
[00:01 - 10:10] Opening Segment
[10:11 - 23:39] Passive Income and Traveling
[20:49 - 36:34] Surviving and Thriving in the Real Estate World
[34:35 - 40:10] Closing Segment
Quotes:
“Education for the sake of education because society said this certification is going to make you more marketable in people’s eyes and it will give you a $5,000 raise.” - Maurice Philogene
“Because schools said you have to be the valedictorian to get recognized, then we want the title to be recognized. And we leave all these other things behind.” - Maurice Philogene
Connect with Maurice through LinkedIn, or visit www.TheQuattroWay.com.
Connect with Joseph on LinkedIn, Facebook, Twitter, and Instagram
Download resources and join our private investor group at www.engineeringpassiveincome.com
LEAVE A REVIEW + and SHARE this episode with other professionals who want to learn how to generate passive income, grow their wealth, and get their time back. Listen to previous episodes on Spotify, Apple Podcasts, or Buzzsprout.
Christopher is the Founder of JAG Communities which is a vertically integrated multifamily-focused investment firm based in Jacksonville, FL. Chris started investing in real estate in 2016 by attempting to flip houses in Long Island, NY. After months of failing, he attempted out-of-state flips, purchased tax deeds, and finally found his footing in multifamily. Chris JV’ed on over 100 units, before joining Toro Real Estate Partners as their head of Florida operations. During his 4.5 years at Toro, they purchased 4000 units worth $300 mil, with 1000 units in Florida. Chris eventually left Toro in Nov 2020 to start JAG which owns and manages small to mid-sized apartment complexes in Jacksonville, MSA. JAG Communities currently owns and manages 60 units worth over $6.5 million, with another 52 units set to close in Q1/Q2 of 2022 worth over $8.5m. Chris has a 10-year plan to scale to $500 million worth of real estate owned
[00:01 - 14:09] Opening Segment
[14:10 - 36:00] Transitioning to Becoming an Operator
[36:01 - 49:31] How to Create A Successful 10-year Real Estate Plan
[49:32 - 63:25] Jacksonville's Emerging Market
[03:26 - 04:53] Closing Segment
Quote/s:
"Just really enjoy this moment you're going through because as you grow and get bigger and bigger you're gonna look back and be like, ‘man those are the best times where at ground zero when you're just forming all this’." - Christopher Grenzig
Connect with Chris on LinkedIn, Facebook, or visit www.jag-communities.com
Connect with Joseph on LinkedIn, Facebook, Twitter, and Instagram
Download resources and join our private investor group at www.engineeringpassiveincome.com
LEAVE A REVIEW + and SHARE this episode with other professionals who want to learn how to generate passive income, grow their wealth, and get their time back. Listen to previous episodes on Spotify, Apple Podcasts, or Buzzsprout.
In this episode, Brett Swarts discusses the deferred sales trust and how it is a legal tool that allows individuals to defer the taxes that would normally be due on the sale of an asset. As the owner of Capital Gains Tax Solutions, Brett explains that this can be helpful for businesses in cryptocurrency and primary home because it allows for separate ways for partners to separate without any debt re requirements replacement. He also notes that the deferred sales trust can be used for business sales as well as primary home sales.
[00:00 - 13:48] Opening Segment
[13:48 - 32:57] How to make Deferred Sales Trust an Investment
[32:58 - 52:09] The Best Way to Avoid Fees When Exiting a Deal
[52:10 - 52:51] Closing Segment
Quotes:
"Why not have something like the deferred sales trust in which you have no timing restrictions? So there's no 45,000 180. There's no debt requirement replacement. NTTS can go there. Separate ways. Partnerships can separate. It also works for businesses in cryptocurrency and primary home." - Brett Swarts
"So unless you tell me Joseph if I want to buy a boat in my house and I want to live off the money we can't do that. To be tax-deferred needs to be for business purposes or investment purposes." - Brett Swarts
Connect with Brett through LinkedIn, Facebook, Instagram, or visit www.capitalgainstaxsolutions.com and www.expertcresecrets.com.
Connect with Joseph on LinkedIn, Facebook, Twitter, and Instagram
Download resources and join our private investor group at www.engineeringpassiveincome.com
LEAVE A REVIEW + and SHARE this episode with other professionals who want to learn how to generate passive income, grow their wealth, and get their time back. Listen to previous episodes on Spotify, Apple Podcasts, or Buzzsprout.
Jade discusses how his background in electrical engineering helped him with acquiring and managing properties. He also recounts how his professional journey as an engineer led him to become a landlord and buy houses in Arkansas. He talks about the challenges of the current market, which forced him to move to Houston in 2012. After 8 years in Houston, Jay decided it was time to move back home and focus on buying properties in Arkansas. Jade became a multifamily investor after working as an attorney, and he now advises investors on apartment investments.
Jade Laye is an Investor and Attorney who assists investors in obtaining above-market returns through apartment investments. With 10 years of experience in the acquisition, rehab, and operation of 2500+ single and multi-family units in Texas, Arkansas, Memphis TN & Atlanta GA, Jade has acquired $230M+ in real estate assets under control and/or ownership. Jade also has 15+ years of legal/management experience in major law firms.
[00:01 - 06:53] Opening Segment
[16:54 - 33:08] The Best Market Is Always Your Backyard
[33:09 - 49:38] Bringing Equity to Multi-Family Portfolio
[49:39 - 57:13] Closing Segment
Quotes:
“Everybody has to have specific roles outlined. Everybody has got to be a team player.” - Jade Laye
"I invest with people I can trust." - Jade Laye
Connect with Jade on LinkedIn, Facebook, or email him at [email protected].
Connect with Joseph on LinkedIn, Facebook, Twitter, and Instagram
Download resources and join our private investor group at www.engineeringpassiveincome.com
Dr. Eric Tait shares the financial independence of transitioning from a career in medicine to owning and operating investment firms. Eric breaks down the different ways an individual can become financially independent, explaining how chose real estate as his path due to the stability and potential for passive income it provides. He also discusses the importance of educating oneself on important financial topics, and how mentorship can be instrumental in achieving success.
Eric Tait is an Investment Fund Manager with Vernonville Asset Management (VAM) LLC, a private investment firm that helps investors attain or maintain financial independence using alternative assets. Eric is also a Physician who is board-certified in Internal Medicine. Under Eric, VAM has grown to over 150 million dollars in assets internationally and domestically, these include the Hilton Curio Resort in Belize, numerous Triple Net Commercial and Light Industrial assets, multi-family apartment homes, student housing, specialty coffee farms in Boquete, Panama, and dozens of single-family homes, private lending funds, and Angel Investments.
[00:01 - 12:47] Opening Segment
[12:47 - 25:19] Getting Into Real Estate
[25:19 - 38:01] The Brain Power Needed for Building Wealth
[38:01 - 47:16] How to Navigate the Turbulent Waters of Real Estate
[47:16 - 50:54] Closing Segment
Quotes:
"I just take what mentors see and what they're doing and apply it to my life. And then I drag my investors along with us if they want to go from that standpoint." - Eric Tait
"When you see a deal that falls in your parameters pull the freaking trigger." - Eric Tait
Connect with Eric on LinkedIn, or visit www.vernonville.com.
Connect with Joseph on LinkedIn, Facebook, Twitter, and Instagram
Download resources and join our private investor group at www.engineeringpassiveincome.com
LEAVE A REVIEW + and SHARE this episode with other professionals who want to learn how to generate passive income, grow their wealth, and get their time back. Listen to previous episodes on Spotify, Apple Podcasts, or Buzzsprout.
Doug Smith is the CEO of Hawthorne Capital, an investment firm focused on real estate. In this episode, Doug shares his lessons learned about generating passive income, and how he generates a high rate of return on cash flow-based real estate investments by buying and selling land outside of Houston. Doug also offers secondary loans to buyers who want to build their own home, which he believes is a more personal and less stressful experience than going through a traditional lending process.
Previously a software developer for ExxonMobil, Doug has gone on to buy and sell over 100 houses and over 3,000 acres of Texas land. Much of that land has been transacted from within Hawthorne Capital, thus providing its investors with predictable passive income. Doug was recently named to the Houston Business Journal 40 Under 40 list and learned Spanish after spending a year living in Spain and Chile.
[00:01 - 14:47] Opening Segment
[14:46 - 21:45] Getting Incredible Returns as an Investor
[21:45 - 35:39] Embracing a Peer Group of Successful People
[35:39 - 42:45] Becoming a Passive Income Millionaire
[42:45 - 47:43] Closing Segment
Quotes:
"Just everything in life you just gotta surround yourself with people that are already doing what you want to be doing or have some success for you to emulate." - Doug Smith
Connect with Doug on LinkedIn, or visit www.hawthornecapital.com
Connect with Joseph on LinkedIn, Facebook, Twitter, and Instagram
Download resources and join our private investor group at www.engineeringpassiveincome.com
LEAVE A REVIEW + and SHARE this episode with other professionals who want to learn how to generate passive income, grow their wealth, and get their time back. Listen to previous episodes on Spotify, Apple Podcasts, or Buzzsprout.
“Make sure you have enough capital to better take care of your needs. Because if you don't, then you're at the mercy of banks, or whoever else you have to deal with.” - George Joseph
On this episode of The Engineering Passive Income Show, Joseph is joined by George Joseph as he discusses the story behind his business ventures and how he ended up with multiple income-generating businesses. He emphasizes how establishing good relationships and maximizing support would provide maximum returns when handled right and how we must strive towards diversifying our income sources for better security.
Currently CEO of Common Bond Bistro Bakery Brassiere as well as Positive Recovery Centers, George’s history includes building a company called The Right Step from 300K in yearly revenue to 35 plus million and from 8 employees to over 300. Right Step was a drug and alcohol rehab company with locations throughout Texas. George sold Right Step to Private Equity backed company in 2012. During his leadership, he was recognized as National Drug and Alcohol Counselor of the Year and National Behavioral Healthcare Champion.
In 2014 during his non-compete phase George started Lightning Step Technologies, a current leader in the addiction field with an all-in-one Electronic Medical Record, Customer Relations Management, Revenue Cycle and Outcome Manager software as a service tool.
George purchased Common Bond Bakery and Bistro in December 2016. He began this adventure as a passive investor, but in December 2018, he quickly evolved into an active Chief Executive Officer for the continued development of Common Bond’s growth. George decided he was the leader for the job and acquired the company.
In 2017 at the conclusion of his non-compete, George reentered the drug and alcohol rehab space and started Positive Recovery Centers. George’s proven strength is creating a strong culture with the employees, this enables them to feel a connecting company pride that branches out to the consumer, and as a result, maximizes the success of the operations internally. Due to his hard work and commitment to his employees and their mission, he was recently honored as Most Admired CEO by Houston Business Journal.
[00:01 - 11:35] Shifting the Focus Towards Growth
[11:36 - 20:08] Finding Security in Providing Basic Human Needs
[20:09 - 31:53] Maximizing Support and Learnings for Income Diversification
[31:54 - 33:52] Wrapping Up!
Key Quotes
“The employees are your most important asset, and you got to really take care of them.” - George Joseph
“Focus on the things you can grow… Prove the morale of employees. You're going to be successful.” - George Joseph
Connect with George
Reach out to him on LinkedIn
Connect with Joseph on LinkedIn, Facebook, Twitter, and Instagram
Download resources and join our private investor group at www.engineeringpassiveincome.com
LEAVE A REVIEW + and SHARE this episode with other professionals who want to learn how to generate passive income, grow their wealth and get their time back. Listen to previous episodes on Spotify, Apple Podcasts, or Buzzsprout.
“There's never going to be a right time. There's not going to be this time where like the clouds open up, and the higher power comes and says now's the time.” - Cody Nicholson
On this episode of The Engineering Passive Income Show, Joseph is joined by Cody Nicholson as he reveals his noteworthy story of catching the entrepreneurial bug and coming out successful. Getting into the world of entrepreneurship entails sacrifice and for Cody, it meant quitting his respectable job, eating ramen noodles for two years, heavy planning, and employing lots of strategies, all while having a family to support.
[00:01 - 13:27] Catching the Entrepreneurship “Sickness”
[13:28 - 28:10] The Implications of the Freeing World of Entrepreneurship
[28:11 - 23:29] Risk is Fun For Those with Entrepreneurial Disease
[41:45 - 45:44] Why Consider Betting on Yourself
[45:45 - 48:21] Wrapping Up!
Key Quotes
“Entrepreneurship is kind of like a sickness, right? It's like a bug that you catch, one day you something clicks, and you say, ‘Wow, this is something I want to do the rest of my life.’.” - Cody Nicholson
“If you get the sickness and you have the disease of an entrepreneur, risk is fun." - Cody Nicholson
Connect with Joseph on LinkedIn, Facebook, Twitter, and Instagram
Download resources and join our private investor group at www.engineeringpassiveincome.com
LEAVE A REVIEW + and SHARE this episode with other professionals who want to learn how to generate passive income, grow their wealth and get their time back. Listen to previous episodes on Spotify, Apple Podcasts, or Buzzsprout.
“Everything starts with planning, the process that we use to guide individuals through this is called wealth with purpose, which does exactly what it's called, it's to define that goal behind your wealth.” - Ali Nasser
On this episode of The Engineering Passive Income Show, Joseph is joined by Ali Nasser as he discusses the six asset classes to consider in building your wealth and tips in risk management. He stresses the significance of identifying your goals in crafting a roadmap for mindful investing towards a comprehensive financial plan.
Ali Nasser is the Founder and CEO of AltruVista. His passion is to help business owners gain clarity on the most important decisions at the intersection of wealth and life planning. He has helped numerous owners be more intentional with their goals, integrate their team of professional advisors, and create a roadmap to capture their success.
He has a degree in Finance from the Bauer School of Business and is a Certified Financial Planner (CFP), Certified Exit Planning Advisor (CEPA) and an Accredited Estate Planner (AEP). Ali also taught comprehensive financial planning at Rice University from 2014-2019.
Ali’s upcoming book, “The Business Owner’s Dilemma” is scheduled to release on 2.22.22.
[00:01 - 09:01] The Importance of Value Assets with Intrinsic Measurement
[09:02 - 21:24] Financial Repositioning Considering Risk, Income Streams, and Tax
[21:25 - 29:56] Crafting the Roadmap to Mindful Investing
[29:57 - 40:23] Wrapping Up!
Key Quotes
“It's important to know what you're getting into when you're buying an asset that doesn't necessarily have any intrinsic measurement. .” - Ali Nasser
“Most business owners, especially those that have been highly successful, the majority of their wealth was generated through concentrated risk in one investment.” - Ali Nasser
“You're kind of just diversified and protected in a way that because if you had losses in one area, or one area doesn't perform as you would perfect, as you'd expect, you're covered in other areas.” - Ali Nasser
Connect with Ali
Reach out to him on LinkedIn
Connect with Joseph on LinkedIn, Facebook, Twitter, and Instagram
Download resources and join our private investor group at www.engineeringpassiveincome.com
LEAVE A REVIEW + and SHARE this episode with other professionals who want to learn how to generate passive income, grow their wealth and get their time back. Listen to previous episodes on Spotify, Apple Podcasts, or Buzzsprout.
The podcast currently has 22 episodes available.