INVESTTHIS

Now is the time to take control of your money and put it to work for you as a depression looms in the near future. Expert, author, and #1 Money Mentor, Chris Naugle provides expert tips, insights, and actionable items you can use right now, to ensure a profitable future.

Chris Naugle has dedicated his life to being America's #1 Money Mentor. His success includes managing over 30 million dollars in assets in the financial services and advisory industry and tens of millions in real estate business, with over 200 transactions and an HGTV pilot show since 2014.

In 20 years, Chris has built and owned 16 companies, with his businesses being featured in Forbes, ABC, and House Hunters. He is currently the co-founder and CEO of FlipOut Academy™, founder of The Money School™, and Money Mentor for The Money Multiplier.

During today's episode, Chris provides inside knowledge of how money really works. He spills banking secrets that will horrify you, a complete economic lesson on the last recession, and how it is drastically different from what is happening financially right now. And, don't miss our discussion on what business will look like post-COVID-19, in 6 months and in a year. 

Key Takeaways

• Chris Naugle the early years: He started with little, but that didn't stop him
• How Chris built his first company at age 17 which he turned into a multi-million dollar business
• The loss and the lessons of over-leveraging your assets
• How Chris bounced back after the 2008 recession
• How solving other people's problems, helps you to solve your own
• How not to quit and keep going (mindset is everything!)
• Understanding the financial market today due to COVID-19
• Reflecting on the 2008 recession and how it compares to today's financial market
• Understanding market cycles
• How foreign investments in the United States is affecting the economy
• What you don't know about the Dodd-Frank Rule
• The biggest lie about money you've been told all your life
• Detailed steps you must make to take back control of your money
• Using home equity for investing
• Why you will never see opportunities like this again in your lifetime
• Depression numbers on the horizon
• How fortunes are made during a depression 
• Post COVID-19 facts that will affect our future
• What the world will look like six months post COVID-19
• What the world will look like one year post COVID-19
• Money doesn't vanish, it goes in different directions.
• Retraction of real estate in the next year 
• Sources of money you can tap into (different money lending forums)
• How your house can make your car payment
• Using your retirement now, for a better investment for the future
• The new 401K laws that are working in your favor
• Utilizing lines of credit
• Why you need to revisit keeping large sums of money in a bank and the better alternatives 

** FREE BOOK **

New FREE BOOK Shows The Wealthy's BEST KEPT Secrets

To Get All The Money Back For Every Purchase You'll Ever Make And Create Wealth Through The Debts And Expenses You Already Have

** MONEY SCHOOL COURSES **

Continuing source of financial knowledge, where you can bring your cup and confidently fill it up! Money School TV strives to bring you the most relevant content of how money really works - past, present, and future.

Books Chris Highly Recommends

Mapping Out the Millionaire Mystery (Brent Kessler & Chris Naugle)

The 501K Plan (Tom and Mark Ford Dyson)

Becoming Your Own Banker (Nelson Nash)

The Creature from Jekyll Island (A second look at the Federal Reserve, by G. Edward Griffin)

Connect with Chris

Money School: The Truth About How Money Really Works

Money School TV

Money School Facebook Group

COVID-19 has wreaked havoc on many businesses, and that includes real estate investing. With the hardest-hit sector looking to be single-family investments, we look to the next level income to financial freedom being multifamily investing. 

To help us dive deep into the financials and benefits of multifamily, I've brought on author, podcast host, and long-time investor, Chris Larsen. As a former Biomechanical Engineer and now a managing partner of Next-Level Income, with 20 years of investing experience, Chris shares his unparalleled knowledge and knack for solving problems.

In addition, we have a discussion on how COVID-19 has affected his business and the steps he is taking to ensure sustainability and future growth. And, DON'T MISS the fascinating insights Chris shares on the state of the multifamily market today and where it's headed post-COVID-19. [23:02 Time Stamp]

Key Takeaways

• Chris - The King of the Side Hustle: The Early Years
• Chris bought his first property at 21 with $3,000 down and co-signed by mom.
• How to leverage your first property to grow your portfolio.
• Transitioning from a six-figure W2 job into full-time investing.
• Starting out with an investor mindset.
• Knowing your "why." 
• Taking your past job skills and applying them to real estate investing
• How to roll over investments into multifamily assets
• Infinite Banking Concept
• The state of the multifamily market today
• The hot markets for multifamily now and post-COVID-19
• Single-Family vs. multifamily; the financial and lifestyle differences
• How to control appreciation in multifamily
• The cost savings of implementing environmentally-friendly assets into your apartment building(s)
• The tax benefits of multifamily investing
• The Holy Grail of multifamily
• How COVID-19 is affecting his business and what steps he is taking to ensure continued sustainability and future growth
• Understanding A, B, and C class assets in today's market
• Next-Level Income the book

*** FREE BOOK GIVEAWAY ***

For as long as the shutdown lasts, you can download Chris Larsen's Next-Level Income Book for free!

CLICK HERE!

Recommended Book

The Spider Network (David Enrich)

Get in Touch with Chris Larsen

Next Level Income

Next Level Income Podcast

[email protected]

Networking is the #1 unwritten rule of success in business, and doubly so for those raising passive income for multifamily investing. During COVID-19, our networking has shifted to video chats and phone calls, but it won't always be that way. Now is the time to start strategizing and planning for those face-to-face meetings, enabling you to be a networking hero, and placing you in a thought leadership position.

To help us navigate the networking waters, I've brought author, entrepreneur, host of a real estate mastermind, and national speaker, Danny Randazzo to talk with me today. Danny has over half a decade of professional experience working as a financial consultant, and years as a successful multifamily investor. Today, he and his company manage a $225MM portfolio, with over 400 investors and 2015 doors. Danny accredits much of his success to networking and connecting people so that they can move their business forward. Because of his dedication, expertise, and willingness to continuously learn, he has become a thought leader within the industry.

Though Danny gives some massive advice on networking, we also dive into what markets will thrive post-COVID-19 and why. Also, we discuss what the multifamily market will look like and the opportunities available post-COVID-19. 

Key Takeaways

• Thought Leadership and how to build a personal brand presence
• Moving out of a W2 job into real estate investing
• How to start a local meet-up to network with other investors
• Building a national network
• How to expand your reach and influence
• Building solid relationships with attorneys, lenders, insurance agents, brokers, real estate agents, and brokers, as well as highly experienced investors
• How to start a local meetup
• How to bring experts into your network: Being successful in raising money is based on the strength of your network
• Ways you can bring your expertise and add value to a meet-up, which will build your credibility within the industry
• Finding a partner at a meet-up
• Learning more about multifamily passive investing
• How the multifamily market has changed since COVID-19
• What the future of multifamily will look like post-COVID-19
• Mitigating your risk in multifamily
• How to find deals after COVID-19 
• Working creatively with your portfolio during and after COVID-19
• Who will be getting the best deals in the second half of 2020?

Book Recommendations

Whatever it Takes (Stephen Schwarzman)

First a Dream (Jim Clayton)

Get in Touch with Danny

Passive Investing

Passive Investing Properties

Passive Investing Club

Passive Investing Facebook

Danny Randazzo Site

Danny Randazzo Instagram: @danny.randazzo

"Once a new technology rolls over you, if you're not part of the steamroller, you're part of the road." A very true statement in which I would add that if you're not successfully allowing technology and processes to help grow your business, then you're not using it to its full potential. This podcast is about to change all that!

During this episode, I have brought on technology expert and coach, Nick Baldo. Nick has spent years helping businesses become more efficient and profitable. As an Operations Consultant, he worked with Fortune 100 companies to eliminate waste and optimize the use of technology. He then brought his knowledge to entrepreneurship and the world of real estate investing. Nick has wholesaled, rehabbed, managed rental units, and built a high-end home remodeling business. He's done all of this while leveraging technology and business processes to grow and scale. 

Nick has a passion for helping entrepreneurs navigate the complex and ever-changing technology landscape and shares his knowledge with us today. Nick started out with IBM as a tech consultant and transitioned from his W2 job to investing. He took all his tech skills and applied them to real estate investing. During today's episode, he shares what technology can do for your business, and how to get the help you may need to move forward.

Key Takeaways

• How Nick started his coaching business (YouTube was a catalyst)
• Transitioning from IBM W2 job to real estate investing (note: He side hustled deals before he quit his job)
• How to make financial goals and plans for your business
• Investing in technology, systems, and employees
• A fun side-hustle that turned into a significant income arm of his business
• The benefits of high-end residential remodel business
• Investing in New York real estate is very different than any other market and why
• How to make money working with affiliates 
• Income Digs: How to use technology to its fullest
• How to monetize your content while helping others
• Working with QuickBooks and Podio
• Why everything is a math problem when broken down to the basics
• During Coronavirus, he fast-tracked his latest course to help others
• Getting rid of your business inefficiencies
• How technology is rapidly changing business
• The next big jump in technology (connection of integrated systems)
• Technology is moving very quickly, how to keep up
• Integrating technology into your business

Book Recommendation

The War of Art

Get in Touch with Nick

Incomedigs.com

Real Estate Accounting Bootcamp

Podio Templates

[email protected]

This is not the time to give up or put out the 'closed' sign. This is the time to dive deep into your business strategies and find ways to pivot, enabling your business to prosper during and after the Coronavirus. 

Today's guest, Steve Richards, of Redevelop Indy, has proven that he can pivot and thrive during tough times. He saw the slowdown approaching in 2006 and changed his wholesaling strategy to flow with the market decline in 2008. This decision led him to build his business during a downturn when everyone else was losing their shirt. Due to his foresight, he was not only thriving during a crisis, but he was also building his business to multi-million dollar proportions. The lessons he learned are invaluable in today's COVID-19 world. 

This episode covers a lot of ground, and not just from a business strategy standpoint, but also from a mindset and life perspective. Because when you are struggling with your business, especially if you're an entrepreneur, your life is struggling as well. Steve and I want to help as many as we can get through these tough times and come out the other side stronger, happier, and wealthier. 

Key Takeaways

• Learning on the job
• How Steve transitioned from his tech company to running a turnkey fix and flip to investors business.
• The real estate investing business model Steve designed when he learned what didn't work
• How he saw the slowdown of 2008 coming in 2006 and how he pivoted his business strategy to profit when everyone else was losing money
• How to spot the opportunities in a crisis situation
• How he built a multi-level business that included a management company, client services company, a construction company, and a brokerage
• What Steve did when he realized the business he built was selling his soul one piece at a time and knew he had to make significant changes to his business and life 
• What you can do when you've reached your goal, but you no longer want the same things 
• The 3 things that changed his life and business forever
• Why and how your core values should be the basis of your business
• Steps to take to understand what you truly want from your life and business
• You have to deal with your stress because it will kill you.
• Therapy is like going to the gym or eating right, it's about being healthy
• Business during the Coronavirus: How to realign your business with the market changes
• Thoughts on how the Coronavirus will change business for years to come
• Virtual Wholesaling
• 5 steps you can take right now to strengthen your business
• Practical advice on keeping your overhead low
• The 90-Day Bubble Strategy
• Tips on how to handle disruptions with ease
• The 4 questions to ask yourself to identify your core priorities and who you are

Book Recommendations

Scrum

Life Span

Get In Touch with Steve

Redevelop Indy

Facebook

The CEO Evolution Facebook Group

If you're looking for new revenue streams, buying and selling on terms could be a profitable option for you. That's why I have brought on today's show the expert on terms deals!

Chris Prefontaine is a 3-time best-selling author of Real Estate on Your Terms, The New Rules of Real Estate Investing, and Moneeka Sawyer's Real Estate Investing for Women. He's also the Founder and CEO of SmartRealEstateCoach.com and host of the Smart Real Estate Coach Podcast.

Chris has been in real estate for almost 30 years. His experience ranges from constructing new homes in the '90s and owning a Realty Executive Franchise to running his own investments (commercial & residential) and coaching clients throughout North America.

During today's episode, Chris and I dive deep into buying and selling on terms. We cover everything from the market shift that is happening now, and how terms deals could make all the difference, to why traditional loans are getting harder and harder to obtain. 

Key Takeaways

• How COVID-19 has affected his business 
• How Chris reengineered his business after the 2008 crash going strictly with lease purchases, owner financing and subject to deals
• The difference between rental property and property bought on terms
• Getting over the banking mindset
• The amount of time it takes to learn and implement a new skill
• What opportunities are springing up with the shift in the market?
• Who is best qualified to do terms investing?
• The 3 paydays of Chris' terms strategy
• With COVID-19, if you've pushed your terms with sellers, you might want to start giving increments
• The best markets for terms investing
• 3 things to steer clear of if you're going to be successful in terms investing
• How to find buyers (60% - 80% of the current buyer pool can't get traditional financing)
• RMLO: Residential Mortgage Loan Officer - how to find them, and how to work with them
• The potential legal issues with terms investing
• The evolution of buying and selling on terms
• What lease options will look like in 5 years (big-time growth!)
• Why traditional loans are getting harder to obtain
• What you should look out for when doing terms deals

**Free Webinar**

Smart Real Estate Coach: Wicked Smart Webinar (60 minutes)

Chris Prefontaine's Books

Real Estate on Your Terms

The New Rules of Real Estate Investing

Real Estate Investing for Women

Get in Touch with Chris

Smart Real Estate Coach

Smart Real Estate Coach Facebook

Chris Personal Facebook

With the upheaval in the real estate industry and crazy market swings, now is the time when people make fortunes. Today's episode is dedicated to getting you focused on and seizing the opportunities others may miss due to the distraction and fear of the times we are living in.

Aaron Chapman is the perfect man to talk to when it comes to dealing with crises, as he has lived through and thrived through many of them during his lifetime. From picking up dropped change in a gas station parking lot, for gas to get home, to ranking #14 in an industry of over 300,000 licensed loan originators, Aaron knows how to seize opportunities. Today, Aaron averages over 700 loan transactions per month and is a published author. 

During this special episode, Aaron shares how he got through some very tough times by recognizing where the lucrative alternatives were and securing them. We also talk about the state of the market today and how everyone should be in the game and not sitting on the sidelines, hoping not to get hit. 

This episode will inspire you to keep going and make the most of what you have. 

Key Takeaways

• An inspiring story of perseverance
• Making a mindset shift to success
• Finding opportunities when they are scarce
• How to handle fortune, so it doesn't handle you
• How Aaron built his business
• Turning tragedy into growth
• Merging with a competitor (the do's and don'ts)
• How to learn from pain
• Don't send a pickup to do a tractor's job
• How to anchor yourself for success
• State of the real estate industry and the market today
• The Chainsaw Analogy (you don't want to miss this!)
• Lenders perspective on the market today
• How the turbulent stock market is affecting real estate investing 
• Fixed financing strategies
• Examining actual inflation (this is mind-blowing!)
• How to take advantage of the stock market right now

Aaron Chapman Books

Point Your Head and Heart...and Your Ass Will Follow (QJO Series; Book 1)

Gratitude: A Practical Application (QJO Series; Book 2)

Quit Jerkin Off (QJO Series; Book 3)

Stihl Running (QJO Series; Book 4)

Get In Touch with Aaron

Aaron Chapman Website

Aaron Chapman Loan Programs

Book Recommendations

The Master Key System

Outwitting the Devil (Napoleon Hill)

Today's episode is about helping you maintain your real estate investing business during this unprecedented time of the Coronavirus.

I never imagined the 100th episode of INVESTTHIS would be centered around a pandemic and its massive impact on the world. I had a crazy week dealing with the fallout, as well as doing everything I can to ensure my future. I wanted to share where the market stands today, and some real-world examples, advice, and tips on how you can maintain your business in these wild times. At the same time, I offer some positives as well as the steps you can take right now to secure your future.

Key Takeaways

• The shift in the market 
• Benefits that have come from the Coronavirus
• How my business has changed in the last two weeks
• Buyer pull-back
• iBuyers have pulled out of most markets
• The ripple effect of the Coronavirus on business
• Short-term rentals market
• Pricing shortage and MLS listings
• The shape of the recovery could go two ways
• Preparing for a possible recession
• What you can do right now to keep your business strong and flourishing
• Downmarket opportunities 
• 5 Steps to Take During the Coronavirus to Maintain Your Business
• What marketing you should be doing
• How to best utilize your line of credit(s)
• ARVs are no longer the same
• Working with discounts
• Double your production
• How to make contingency plans on deals that are pending

In 2018 the amount of seller financing through non-traditional banks (note investing) hit 24 billion dollars. That's a lot of notes! Note investing is genuinely the best cashflow investment as you don't have to deal with tenants, trash, or toilets. 

Today's Guest, Nick Legamaro, also known as "The Note Guy," has been note investing for almost 20 years. He focuses on providing his clients with high-yield, low risk, turn-key real estate investment notes, secured with carefully selected residential properties throughout the United States. 

During today's episode, we cover a lot of ground. Nick provides details on the process and profits of real-world note deals. He tells an amazing story of his first note deal when he had no idea what he was doing, but it worked, and that started him on his profitable journey. And, you don't want to miss the bank mortgage secrets that they don't want you to know. 

Key Takeaways

• Seller financing as an investment strategy
• Why not working with banks is profitable
• How Nick got started in note investing (great story!) 
• The importance of continuous self-education and attending Masterminds
• Working with lenders
• Creating cashflow with the note model 
• Dissection of a $100K note deal
• Hard money lending
• Hypothecation: What it is and how to use it
• High ratio deals
• How to use the first and second lean strategy to make more money
• Expert advice on how to evaluate, buy and create notes
• The factors involved in being a small-cap lender
• How to buy a note portfolio
• How to create a note that produces a higher yield than a rental property
• Using a third-party service company that conducts business between the lender and borrower
• How to handle a default situation and still make money
• Note deal structure
• It's a seller's market; how to take advantage 
• What the banks won't tell you about mortgages (it should be criminal!)
• Negotiating higher sales price with sellers with favorable terms
• Note investing and the positive impact on your taxes

Resources

USA Note Pro

Learn the Value of Your Mortgage Note (educational white paper)

How to Sell Your Mortgage Note (educational white paper)

Protect Your Mortgage Note (educational white paper)

Selling Part of a Mortgage Note (educational white paper)

Book Recommendation

Mortgage and Loan Payment Guide

I should title this "Creative Financing on Steroids" as my guest, Eric Sage, shares some real-world deals and their successful outcomes based on his unique approach. As Founder of Eric Buys Homes, his mission is to provide the most value for people, helping them to make the right decisions for their properties. 

Eric's business is founded and managed on principles of trust and integrity. He believes that anyone can do well by taking care of people. His ultimate goal is to serve clients on both sides of each transaction, a Trifecta Deal if you will, for everyone wins!

On today's episode, you will learn how Eric went from selling diapers, while side hustling, knocking on pre-foreclosure doors, to expanding his knowledge and his portfolio. All while helping as many people as possible in the process. 

From fix and flip to seller financing, this episode has it all!

GIVEAWAY: THE 4.7 TRILLION DOLLAR SECRET

Email Eric (eric@ericbuyshomes) with this subject line, and he will send you the secret for free! 

Key Takeaways

• Eric's story on how he get got started in investing (it's too good!)
• Meeting the perfect person to partner with and going for it
• How opportunity knocked, and Eric answered
• Finding and working with a mentor made a huge impact
• His method for raising his initial capital
• How he started many different businesses
• Tricks to making money during a crash
• How he finds properties with great debt
• Fixed Debt: How to find it and utilize it
• Profile of the perfect deal 
• Why providing value to your seller will improve your bottom line
• Appreciation and depreciation
• Massive pool note investing
• The Trifecta Deal
• Daily habits that will change your life forever
• A lesson on Private Money Lenders
• Structuring private investor deals on assets that are low risk
• How to make $7,000 a month in REI, right out of the gate
• Disc Test: Find out who you are

GIVEAWAY: THE 4.7 TRILLION DOLLAR SECRET

Email Eric (eric@ericbuyshomes) with this subject line, and he will send you the secret for free! 

Eric Buys Homes

Sage Flipping Secrets Podcast

Book Recommendations

Invest in Debt: How to Buy Paper for Cashflow