GUEST BIO

Tony Whatley steps into the lab as a true practitioner. He not only took a passion for his (cars) and turned it into a multi-million dollar business but he did all this all while having a full time corporate career in the oil/gas industry.

He is best known as Co-Founder of LS1Tech, an online automotive community which grew into the largest of its kind, with over 300,000 registered members. This business sold for millions in only five years after starting. Amazingly; it was just his part-time business!

He also wrote a book called the “Side Hustle Millionaire” which is what led him into being featured in the lab today. In the book he talks about mindsets, strategies and necessary steps that helped him create a side hustle business that allowed him to earn more in less amount of time. Money, Mindset, Marketing and Branding are major key takeaways from the book that Ruben & Tony dive into further in this episode.

FOUNDATION

01:42  Background of the guest - Tony Whatley

08:22  What does it take to become an entrepreneur?

12:04  Overcoming your weaknesses

15:30  How should tackle a problem as an entrepreneur

21:02  Getting to the end goal

KEEPING IT REAL

27:10  Solving a problem

31:47  Thoughts about niches

35:06  Incorporating brand in the business

41:25  Doing Due Diligence

47:28  Staircase business

58:34  Starting your Side Hustles at home

1:03:39  Having side business while still working in a company

1:07:48  Right time to pivot

ANSWERS TO THE RAPID FIRE QUESTIONS IN THE SHOW:

1:12:20  Favorite book - How to win friends and Influence people by Dale Carnegie

1:13:04  Best Habit - Consistency

1:14:14  One super power as a business owner - verbal communication skills

BOOKS MENTIONED IN THIS SHOW

How to win friends and Influence people by Dale Carnegie

NOTABLE QUOTES (KEY LESSONS):

“You don’t really learn anything when you never fail.”

“Opportunity comes around because your brain is turned on to some kind of a challenge that you’re trying to solve.”

“You better have time if you don’t have money.”

“As soon as you say no, the world tells you no.”

CONNECTING WITH THE GUEST

Facebook | Instagram | YouTube | LinkedIn

GUEST BIO

Phil M. Jones is a serial entrepreneur, big time business growth expert and known as the best selling author of Exactly What to Say, Exactly How to Sell, and Exactly Where to Start. His first business, car washing business started when he was at the age of 14 and received the award as “British Excellence in Sales and Marketing”.

His early career went on and on and after years of being one of the most in-demand young sales leaders in the UK, he decided to dedicate his future in helping other people to succeed by taking everything he had learned and created a one-day workshop and trained over 2,500 people all about leadership, sales and business growth.

Phil’s unique wisdom of using certain word choices in teaching his audiences on exactly what to say to impact other people and drive outcomes, made him one of the most practical and in-demand business speakers in the industry.

As Phil steps into the lab today, grab your notepad & pen for some significant lessons on exactly what you should be saying to have a major IMPACT & INFLUENCE outside of the lab.

FOUNDATION

02:15  What gets Phil M Jones up in the morning?

05:29  Know more about Phil M Jones

06:31  How to have a constructive conversation

11:55  What you should be asking

15:26  How to start implementing Phil M Jones theories

18:49  How often Phil experience someone reaching out to him using his magic words

20:44  Be conversational in all mediums

KEEPING IT REAL

22:52  Favorite conversational line

25:11  Turning “Maybe” into “Yes”

29:47  Knowing your worth

ANSWERS TO THE RAPID FIRE QUESTIONS IN THE SHOW:

33:20  Favorite book - How to win friends and Influence people by Dale Carnegie

33:29  Best Habit - Genuinely see things in somebody else’s point of view before making      my mind

33:44  Best tool - iPhone | built in telephone application

34:27  One super power as a business owner - the ability to be able to see the future

BOOKS MENTIONED IN THIS SHOW

How to win friends and Influence people by Dale Carnegie

NOTABLE QUOTES (KEY LESSONS):

“Content without context is noise”

CONNECTING WITH THE GUEST

Instagram | Facebook | YouTube | LinkedIn

GUEST BIO

Brett Swarts is the CEO of Capital Gains Tax Solutions. He has helped and provided numerous investors with the Deferred Sales Trust. It is a tool to help investors solve capital gains tax deferral limitations.

Brett has encountered numerous experiences which includes Deferred Sales Trust, Delaware Statute Trust, 1031 exchanges while executing more than $85 million in commercial real estate brokerage transactions. As an active commercial real estate broker and investor, he holds series 22 and 63 licenses and also has experience in Multifamily, Senior Housing, Retail, Medical Office and Mixed-Use properties. He is an associate at the largest Commercial Real Estate Brokerage firm in the country and became knowledgeable in his field through hands-on training from the best in the business. Brett is known as the one of the most well-rounded capital gains tax deferral experts and informative speakers and he is passionate in educating his community about how to divest from a business or real estate and gain freedom from feeling hostage to the well known 1031 exchange and then invest back into and back out of real estate at any time.

Brett steps into the lab and provides some valuable lessons to the community as the subject matter expert in this field.

THE REAL ESTATE FOUNDATION

02:29  Guest Background - Who is Brett Swarts?

06:07  Restriction for the 1031 exchange

11:32  When to seek for an advice regarding DST

14:22  What is DST?

17:51  Working with your business and at the same time with clients

KEEPING IT REAL

21:04  How monetization works in this kind of business

25:58  Biggest misconception regarding protecting capital gains

30:11  Can this be applied to those who are raising capital and has limited partners involved?

31:13 What is a Seamless Partnership Operation?

ANSWERS TO THE RAPID FIRE QUESTIONS IN THE SHOW:

34:50  Favorite book - The Seasons of Life by Jim Rohn

36:06  Best Habit - The Miracle Morning | Exercise | Reading the Bible | Meditate

37:23  Best tool - Asana and Loom

38:34  One 300 hundred unit vs three 100 units - three 100 units

39:32  Commercial or Retail Asset

40:45  Cash Flow or Equity - Cash Flow

41:15  Self Managed or Outsource - Outsource

42:15  One super power in real estate - the ability to encourage and lead others

42:54  Describe a successful investor - Resolved

INSIDER SECRETS

44:14 Thoughts of what we are currently facing right now

BOOKS MENTIONED IN THIS SHOW

Rich Dad Poor Dad by Robert Kiyosaki

The Miracle Morning by Hal Elrod

The Seasons of Life by Jim Rohn

NOTABLE QUOTES (KEY LESSONS):

“It’s hiring the who and not being the how”

“Prepare yourself as much as you can, count your blessings where you can, and try to get on anyway you can socialize and connect with people online”

CONNECTING WITH THE GUEST

YouTube | LinkedIn | Facebook | Instagram

#ExperimentDST #DST 

GUEST BIO

GUEST BIO

Douglass Lodmell is an asset protection attorney that creates legal structures that help investors separate or protect their assets from their creditors. He is an expert in estate planning, taxation and strategic asset protection for domestic and international clients. He’s been protecting over $4 billion worth of assets from his clients. He is the owner of the Bridge Trust ™ asset protection concept which bridges the features of the Foreign Asset Protection Trust.

THE REAL ESTATE FOUNDATION

00:52  Guest Background - Who is Douglass Lodmell?

03:43  Protecting over $4 billions dollars worth of assets

04:51  Attorney Client Privilege

07:13  When to seek for an asset protection attorney

12:49  What is a Trust? Difference with Self Settled Spendthrift Trust.

19:46  What is a Bridge Trust?

25:05  Advantages of having a Holding company

KEEPING IT REAL

27:10 Biggest misconception - a revocable living trust can protect their someone’s assets

28:26 Biggest mistake ever seen - building their assets in their personal name

30:51 Best Advice - do it! Start!

35:33 Mentor that has been a huge impact to Douglass - Dan Sullivan

ANSWERS TO THE RAPID FIRE QUESTIONS IN THE SHOW:

41:22 Favorite book - A Course and Miracles by Dr. Helen Schucman

41:34  Best Habit - Meditation

41:41  Best tool - making everything as efficient as possible

42:26  Cash flow vs Equity - Cash

43:00  Superpower in the field - to be able to communicate

BOOKS MENTIONED IN THIS SHOW

A Course and Miracles by Dr. Helen Schucman

NOTABLE QUOTES (KEY LESSONS):

“Once you get into a routine of how things get done, you do it the same.”

“Whatever you think you can do or dream you can do, do it. There’s magic in beginning something and not being afraid.”

“Make your competitors your biggest asset.”

“If you want to be successful, help someone be successful.”

“If you're going to do anything, do it well.”

CONNECTING WITH THE GUEST

Email: [email protected]

Website: www.lodmell.com

Facebook, YouTube, LinkedIn

GUEST BIO

Tyler Hall was able to build a multi-million dollar empire in the span of two years coming from humble beginnings and significant challenges but always seeked to get more out of what he saw in his surroundings coming from a small town out of Maine. Tyler has had any job that you can think of when it comes to making money but most importantly he talks about the burden that he had to overcome mentally. He didn’t come from an environment of investing but rather saving.

After doing his research on the history that real estate meant from a wealth building perspective,  Tyler “Flipped TheSwitch” and took control of his financial situation and completely doubled down on real estate.

He believes that there is no other way to attain financial freedom, rather than knowing your personal goals and paving a unique path to achieving them. Join us today as Tyler steps into the lab and also very openly shares his difficulties that make his marathon that much more meaningful. Plenty more coming from this stud, stay tuned and ‘flip the switch’, it’s contagious.

THE REAL ESTATE FOUNDATION

01:29  Guest Background - Who is Tyler Hall?

05:59  Decided to start up his own company because he couldn’t accept the job offer.

11:39  Why did he choose real estate?

16:30  First real estate deal experience

27:19  Bought the first property through conventional loan

29:30  Hoarding money doesn’t produce Cash Flow

34:25  Do you need money to actually invest in property?

39:38  Tyler’s own interpretation of Leverage

KEEPING IT REAL

47:33 Biggest misconception people faces in opportunities - Fake fear

56:31 Best advice - If you can do it now, do it.

ANSWERS TO THE RAPID FIRE QUESTIONS IN THE SHOW:

1:01:25 Favorite book - Rich Dad Poor Dad by Robert Kiyosaki and The Secret

1:02:17 Best Habit - Flip the switch

1:04:50 Best tool - cellphone, Trello

1:06:46 One 300 apartment vs 3 apartments of a 100 units - One 300 apartment building

1:08:58 Class A or Class B - Depends on Cash Flow

1:08:04 Cash flow vs Equity - Cash Flow

1:09:45 Self managed or Outsourced - self managed

1:12:15 Superpower in Real Estate - provide people most value

1:13:53 Describe a successful investor - Freedom

1:19:12 Importance of Social Media

BOOKS MENTIONED IN THIS SHOW

Rich Dad Poor Dad by Robert Kiyosaki

The Secret by Rhonda Byrne

The Bible

NOTABLE QUOTES (KEY LESSONS):

“Try to be a good human being and provide value to as many people as you can.”

“Your brain is designed to keep you safe and to keep you comfortable”

“If you don’t build yourself right now, the older self of you is not gonna be able to take care of it either”

CONNECTING WITH THE GUEST

www.motivatemaine.com

GUEST BIO

Bruce Wuollet grew up in a family bakery business in Minnesota. Over the next 16 years he worked in all areas of the business from baking to cake decorating to sales to deliveries which gave him a unique perspective of business. Early on he was able to identify and learn the importance of building systems along with relationships in everyday operations.

Dating back to 2001, He gained his knowledge in real estate working in tax liens foreclosures. As an opportunist, he then pursued vacant homes that were not in tax lien foreclosures. He was able to have three investment homes, a duplex and a triplex by the summer of 2002. In the same year, he partnered with Jack Martin, another son of a baker and together they formed Bakerson, LLC.

Today, Bruce specializes in multifamily apartments, which he refers to as the business of Togetherment, as opposed to “apart.” He values the communities that he brings together over everything and takes full pride in what he and his partner have built both—ironically—as sons of bakers. Together they are making more than just dough—their portfolio shows just that, under Bakerson, LLC.

THE REAL ESTATE FOUNDATION

01:21  Guest Background

08:00  What strategy Bruce Wuollet focused?

12:21  How to deal with opportunities?

15:45  Evaluating the highs and lows of the business

20:30  Dealing uncertainties events that affects the economic - extended spring break

30:48  Finding a potential property

39:30  The gap between Class A and Class B

KEEPING IT REAL

43:13 Keeping the lighthouse lit - always make an offer and talk to investors about opportunities

44:00 Onyx App - hunting app that tells who the owners are

45:24 Agile CRM - deals specific for raising capital

ANSWERS TO THE RAPID FIRE QUESTIONS IN THE SHOW:

49:19 Favorite book - Relentless by Tim S. Grover

49:25 Best Habit - Listening to positive mind people with morning coffee

49:39 Best tool - standing desk

50:02 One 300 apartment vs 3 apartments of a 100 units - three 100 unit buildings

50:23 Class A or Class C - Class C

50:35 Cash flow vs Equity - Cash Flow

50:44 Self managed or Outsourced - Outsource

50:53 Superpower in Real Estate - getting other investors to treat the residents with dignity

51:12 Describe a successful investor - Intensity

BOOKS MENTIONED IN THIS SHOW

Rich Dad Poor Dad by Robert Kiyosaki

Relentless by Tim S. Grover

NOTABLE QUOTES (KEY LESSONS):

“If you do what others won’t, you will get what others can’t.”

“Keep the lighthouse lit so that people knows we’re out there”

CONNECTING WITH THE GUEST

Website : Bakerson.com

Email : [email protected]

Facebook, LinkedIn

GUEST BIO

Today we have two special guests in the lab, Candice Payne and Carlos Callahan. As partners they are serial entrepreneurs who have added so much value to the community collectively while building well over 14 businesses which includes a spa that Candice is very passionate about.

Prior to their success, both of them have had two very different paths that have led them to being a jack of all trades when it comes to execution under the large real estate umbrella. This includes buy and hold investing, AIRBNB, wholesaling, multifamily investing, flipping and essentially whatever it takes to solve a problem. Candice Payne is also well known from her interview on Ellen as she discussed sparking a movement that provided hundreds of hotel rooms for the homeless during the dangerous polar vortex that occurred in Chicago back in 2019.

Join us today in the lab as they both add value to the community and share their incredible insights with their broad experience and many experiments in the real estate space.

THE REAL ESTATE FOUNDATION

01:25  Guest Background

03:07  How they start as entrepreneurs

07:45  Candice bought her first 6 unit at 19 years old

08:17  Went bankrupt for almost $600k

11:07 Importance of real estate education

14:44 How to evaluate AirBnB deal

19:47 Managing the booking, cleaner and facilities of AirBnB

KEEPING IT REAL

27:00 Helping homeless people during the polar vortex happened in Chicago

29:52 How important is social media in the business and personal life

32:57 Best system - delegating tasks to the team members

BOOKS MENTIONED IN THIS SHOW

None

NOTABLE QUOTES (KEY LESSONS):

“There’s so many different doors for real estate, so people need to figure out what part of real estate they want to get in and know what they want to accomplish so that they’ll know which road to take”

CONNECTING WITH THE GUEST

Carlos Callahan: Facebook, Instagram

www.candicesellschicago.com

www.actionforacausenow.org

This episode is brought to you by our sponsor Guesty.com which is a property management software that Ruben and his team use as short term rental Superhosts to manage and streamline all communication with their guests and team to make it a memorable stay for each guest that books their property. Use our private unique link here https://hosts.guesty.com/?r=therealestateexperiment  to let Guesty know we sent you!

GUEST BIO

Mauricio Rauld is the founder and CEO of Premier Law group, a firm that specializes in educating investors and representing them from legal matters relating to Asset Protection.

Join us today in the lab as he shares his remarkable journey in the real estate syndication space.

THE REAL ESTATE FOUNDATION

01:14  Guest Background - Who is Mauricio Rauld? What does he do for a living?

02:30  Who is he representing? -LLC

08:20  Syndication Vs Asset Protection

11:23  Main difference between 506 b and 506 c

KEEPING IT REAL

17:56 First thing that an investor should do - Finding your investors before you start looking for deals

23:36 Preparing a business plan - Doing several drafts until the business plan is locked

26:29 Drawing line between guidance vs support

28:05 Some things that LP should be looking from the GP’s offering - Due diligence on the sponsor themselves

30:35 Biggest misconception people have about raising capital - It's easy!

35:04 Biggest mistake syndicators make - not realizing what they’re doing in selling securities

ANSWERS TO THE RAPID FIRE QUESTIONS IN THE SHOW:

39:28 Favorite book - Rich Dad, Poor Dad by Robert Kiyosaki |

39:51 Best Habit - Adding value to syndication community

40:08 Best Tool - Computer | Internet

40:58 One 300 apartment vs 3 apartments of a 100 units - depends on the location

41:35 Cashflow or Equity - Both

41:47 Self Managed or Outsourced - Outsource

41:58 Superpower in the Business  - The ability to take complex securities matters and make them easy to understand

42:26 Describe a successful investor in one work - Knowledgeable

BOOKS MENTIONED IN THIS SHOW

Rich Dad, Poor Dad by Robert Kiyosaki

NOTABLE QUOTES (KEY LESSONS):

“If you go to a restaurant, ask the chef ‘What’s the one thing that everybody orders that you guys are known for? And what’s the one thing that nobody orders but they should?’ ”

CONNECTING WITH THE GUEST

GUEST BIO

Alina Trigub is the founder and managing partner of Samo Financial, a private company that helps people build wealth via passive real estate investing while preserving capital, generating residual income and savings on taxes.

Prior to her growing portfolio, Alina worked for a private company after she got her degree in accounting. As an inspiring investor from new jersey, she sought out investing opportunities which deemed to be more interesting out of state. This led to her seeking more education on investing opportunities out of state as a limited partner before she went out on her own.

Alina combines this with her corporate experience today as a scrum master. She continues to be a student of the game and practitioner respectfully, applying the same principles she used to start out as a limited partner to becoming a managing partner.

Join us in the lab as she shares some insights of her phenomenal journey in the multifamily real estate space.

THE REAL ESTATE FOUNDATION

01:10 Guest Background - Who is Alina Trigub?

04:04 Started as an Equity Partner in Real Estate

KEEPING IT REAL

04:18 What is Syndication? Difference between LP vs GP

11:35 Getting access to the information for the business operation

14:18 Bridging the gap between theoretical to the practical - From an experienced operator

17:55 Adding value to the people

22:25 The importance of Meet-ups

25:56 Best lesson - Networking is the number one

ANSWERS TO THE RAPID FIRE QUESTIONS IN THE SHOW:

29:54 Favorite book - The Miracle Morning by Hal Elrod

30:00 Best Habit - Getting up early

30:13 Best Tool - Iphone

30:20 One 300 apartment vs 3 apartments of a 100 units - one 300 apartment

30:55 Class A or Class B - Class B

31:07 Cashflow or Equity - Both

31:10 Self Managed or Outsourced - Outsource

31:16 Superpower in Real Estate - Helping million of other people

31:32 Describe a successful investor in one work - Professionalism

BOOKS MENTIONED IN THIS SHOW

The Miracle Morning by Hal Elrod

NOTABLE QUOTES (KEY LESSONS):

“For someone who wants to be active in the syndication space, networking is number one. It’s very important to build relationships with the right partners.”

CONNECTING WITH THE GUEST