Millennial Millionaire Real Estate Podcast

By Jonathan Farber

Welcome to the Real estate show where we discuss tangible tips, tricks and best practices for becoming financially free. This show is designed for people who want to start with real estate but aren't ... more

· Business
· Investing

4.9

5656 ratings

FAQs about Millennial Millionaire Real Estate Podcast:

How many episodes does Millennial Millionaire Real Estate Podcast have?

The podcast currently has 282 episodes available.

Millennial Millionaire Real Estate Podcast episodes:

February 19, 2021#179 with Jonathan Farber & Claire Rosenberg: Reflecting on the Week & Always Refining Systems
In this episode, Jonathan Farber and Claire Rosenberg catch up on the latest in their respective real estate adventures. In this episode, we reflect on topics like: STR cohosting lessons, finding vendors to use with STRs, getting the right education in digital marketing, and more!
Top Takeaways:
Lessons from developing a cohosting property - 5:15 - 7:45
If your contractors aren’t giving you the quality you want, address the cause of the problem

Maybe you need to provide more resources to clearly communicate what you want

Build a checklist that includes everything you want to be addressed
Filling vendor roles for STR - 8:00 - 12:45
TurnoverBnB integrates directly with Airbnb to service your unit when a guest leaves

If your clear expectations aren’t being met, it might be worth it to start over with someone new

Look in Airbnb Facebook groups local to your area for recommendations
What you learn launching an online course - 13:30 - 23:00
You will get somewhere without much research, but it may hurt your initial product

Getting the right help from experts in your topic can keep you on the right track

A major indicator is whether your advisor is doing more telling or more asking
Resources:
turnoverbnb.com
thumbtack.com
thequellco.com/lines
grainger.com/content/cof_financing
Social Links:
biggerpockets.com/users/ClaireR10
IG: @clairybeary18
[email protected]
https://www.shorttermmadeeasy.com
Connect With Our Sponsor, MartelTurnkey:
martelturnkey.com
Schedule a Call
[email protected]
Connect With The host, Jonathan Farber Here!
[email protected]
LinkedIn: https://www.linkedin.com/in/jonathanfarber1/
Instagram: @jonjfarb
Facebook: https://www.facebook.com/jonathan.farber.9
Facebook Group: Real Estate Mentorship Mastermind
https://www.facebook.com/groups/860025821084224/
BiggerPockets: https://www.biggerpockets.com/users/JonathanF29
Youtube: https://www.youtube.com/channel/UCB8BJ8K5ILXdfOnsDWamVqw
Schedule a time to talk: https://calendly.com/jonathan-farber/1-on-1-with-jonathan-farber-mmtr
Apply to be a guest on the podcast here: https://forms.gle/YNmALHUvDvuMWVVFA
...more
29min
February 18, 2021#178 with Claire Rosenberg: Leveraging Your 401K For Creative Ways to Finance
In this episode, Jonathan Farber and Claire Rosenberg share what they’ve learned about leveraging 401k retirement plans for real estate. In this episode, we jump into topics like: how can you use a 401k for real estate, methods for employing the strategy, why 401ks are rarely employed in real estate, and more!
Top Takeaways:
The concept of buying real estate with a 401k - 5:45 - 9:00
While every provider will have a different setup, you can usually take some money out of it

While there are often interest fees, they can be much smaller than expected

When you consider it as a vehicle to start investing in real estate, it’s a logical step
What you need to do to use this strategy - 9:30 - 10:45
The first place to go is your plan provider, such as Fidelity

You choose the timeline to pay the money back out of your paycheck

This means you can choose how big of an impact the transaction has on your cash flow
Understanding why 401ks are so infrequently used - 11:00 - 13:45
There’s a lot of stigma around ever touching the money in a 401k prior to retirement

This makes even investors who’ve heard of it hesitant to approach it seriously

Lenders don’t care where the funds are from, as long as they can be verified
Social Links:
biggerpockets.com/users/ClaireR10
IG: @clairybeary18
[email protected]
https://www.shorttermmadeeasy.com
Connect With Our Sponsor, MartelTurnkey:
martelturnkey.com
Schedule a Call
[email protected]
Connect With The host, Jonathan Farber Here!
[email protected]
LinkedIn: https://www.linkedin.com/in/jonathanfarber1/
Instagram: @jonjfarb
Facebook: https://www.facebook.com/jonathan.farber.9
Facebook Group: Real Estate Mentorship Mastermind
https://www.facebook.com/groups/860025821084224/
BiggerPockets: https://www.biggerpockets.com/users/JonathanF29
Youtube: https://www.youtube.com/channel/UCB8BJ8K5ILXdfOnsDWamVqw
Schedule a time to talk: https://calendly.com/jonathan-farber/1-on-1-with-jonathan-farber-mmtr
Apply to be a guest on the podcast here: https://forms.gle/YNmALHUvDvuMWVVFA
...more
19min
February 17, 2021#177 with Matt Anderson: Creating a 6 Figure Real Estate Business & Everything You Should Know Legally in Real Estate
In this episode, Jonathan Farber interviews Matt Anderson on his road from discovering the leverage that a real estate investment can provide to simultaneously building a six figure real estate operation alongside his own legal firm. Matt is an investor and attorney based in Nashville, Tennessee. In this episode, we get into topics like: a beginner’s wholesaling education, how to get started in real estate, reliable ways to find mentors, and more!
Top Takeaways:
Lessons from wholesaling at the start - 13:00 - 14:00
Don’t trick yourself into thinking you’ll work the most effectively by yourself

Every relationship you create will be an opportunity for you to give and receive value

Every business needs more people to scale
Starting over in real estate today, from someone who is - 16:00 - 17:00
Your first key step has to be to establish deal flow

If you have deals at the ready, there are loads of options for what you can do with them

A sure bet for any investor is finding and contributing to someone in your chosen niche
Strategies for finding mentors - 17:15 - 18:45
One approach that never fails is being persistent in adding value to someone’s life

This is the best way to get firsthand knowledge without having to pay a coaching fee

Even if you think you don’t know how to help, consistent dedication will get you there
How to bring value to Matt Anderson:
Check out his law firm and his title company
Resources:
Book by Brandon Turner: The Book on Investing in Real Estate with No (and Low) Money Down
Social Links:
biggerpockets.com/users/Manderson7_
andersonlegaltn.com
torotitle.com
Connect With Our Sponsor, MartelTurnkey:
martelturnkey.com
Schedule a Call
[email protected]
Connect With The host, Jonathan Farber Here!
[email protected]
LinkedIn: https://www.linkedin.com/in/jonathanfarber1/
Instagram: @jonjfarb
Facebook: https://www.facebook.com/jonathan.farber.9
Facebook Group: Real Estate Mentorship Mastermind
https://www.facebook.com/groups/860025821084224/
BiggerPockets: https://www.biggerpockets.com/users/JonathanF29
Youtube: https://www.youtube.com/channel/UCB8BJ8K5ILXdfOnsDWamVqw
Schedule a time to talk: https://calendly.com/jonathan-farber/1-on-1-with-jonathan-farber-mmtr
Apply to be a guest on the podcast here: https://forms.gle/YNmALHUvDvuMWVVFA
...more
48min
February 16, 2021#176 with Tim Hubbard: Building an Operation with Over 30 units & Managing From Anywhere
In this episode, Jonathan Farber interviews Tim Hubbard on his journey from his first househack after reading Rich Dad Poor Dad to building an operation with over 30 units that can be run from another country. Tim is a short term rental expert and podcaster working from Columbia. In this episode, we delve into topics like: getting STR going without a W2, benefits of STR, finding STR markets, and more!
Top Takeaways:
Starting up short term rentals without a full time job - 12:15 - 14:00
Any employment you can keep while you get your first few properties done will help

After you’ve established a track record, you can more easily get financing just from real estate

Keep in mind that in multifamily, collected rent can often count towards your DTI income
The benefits of short term rentals over traditional turnkey long term - 15:00 - 16:15
While traditional rentals are usually a safe bet, the returns are limited and not cash heavy

Creating an STR property or two can quickly replace your income if executed correctly

If you’re in the right market, that property can still appreciate and pay out big later on
Prime markets for short term rentals - 17:00 - 19:30
All the usual metrics for desirable markets apply to STR properties as well

This can benefit if there’s an issue and you need to rent the property long term

The key to a full STR is finding the neighborhood in that city that is friendly to the model
How to bring value to Tim Hubbard:
Check out his REST Methods website and his STR Riches podcast
Resources:
Book by Tim Ferriss: The 4-Hour Workweek
indeed.com
Book by Claudio Fernández-Aráoz: It's Not the How Or the What But the Who
guesty.com
hello.pricelabs.co
hostfully.com
hubstaff.com
notion.so
Social Links:
timhubbard.com
restmethods.com
podcasts.apple.com/us/podcast/short-term-rental-riches
Connect With Our Sponsor, MartelTurnkey:
martelturnkey.com
Schedule a Call
[email protected]
Connect With The host, Jonathan Farber Here!
[email protected]
LinkedIn: https://www.linkedin.com/in/jonathanfarber1/
Instagram: @jonjfarb
Facebook: https://www.facebook.com/jonathan.farber.9
Facebook Group: Real Estate Mentorship Mastermind
https://www.facebook.com/groups/860025821084224/
BiggerPockets: https://www.biggerpockets.com/users/JonathanF29
...more
54min
February 15, 2021#175 with Olenka Cullinan: Her Journey to Building a Successful Business & Empowering Investors to Overcome Limiting Beliefs
In this episode, Jonathan Farber interviews Olenka Cullinan on her path from moving to the US and starting a real estate business to developing multiple scaled operations and an in demand consulting business, in addition to multiple programs with the goal of enabling powerful women in business. Olenka is a business and mindset coach based in Arizona. In this episode, we dig into topics like: starting smart in real estate, deciding your strategy right now, balancing education and action, and more!
Top Takeaways:
Getting started with real estate the smart way - 13:15 - 17:15
The first priority has to be to establish your motivation for dealing in real estate

Even if you think you have no useful skills, you will start finding your strengths if you try

Masterminds and coaches can also help you determine which of those skills are the most attractive
Actions you can take right now to find your path - 17:45 - 19:30
Start by asking yourself what drives you until you get the truth - money, success, attention, what

Make it into a tangible goal that you can reach within 6 months and then divide that up

Do a braindump and list out everything you think you need for success - then cut it down
Creating balance between learning and doing - 20:45 - 23:45
There’s no rule that you can’t learn what you need to know while getting your hands dirty

The more you try, the more you’ll figure out what it is you don’t know

Connecting with mentors you can model your strategy on is a good way to get outside input
How to bring value to Olenka Cullinan:
Check out her Executive Women Mastermind
Social Links:
https://istartfirst.com/
@olenkacullinan
Connect With Our Sponsor, MartelTurnkey:
martelturnkey.com
Schedule a Call
[email protected]
Connect With The host, Jonathan Farber Here!
[email protected]
LinkedIn: https://www.linkedin.com/in/jonathanfarber1/
Instagram: @jonjfarb
Facebook: https://www.facebook.com/jonathan.farber.9
Facebook Group: Real Estate Mentorship Mastermind
https://www.facebook.com/groups/860025821084224/
BiggerPockets: https://www.biggerpockets.com/users/JonathanF29
Youtube: https://www.youtube.com/channel/UCB8BJ8K5ILXdfOnsDWamVqw
Schedule a time to talk: https://calendly.com/jonathan-farber/1-on-1-with-jonathan-farber-mmtr
Apply to be a guest on the podcast here: https://forms.gle/YNmALHUvDvuMWVVFA
...more
37min
February 12, 2021#174 with Jonathan Farber: Persevering Through the Challenges & Everything Get's Better
In this episode, Jonathan Farber gets into his recent experiences in standing up several new properties. In this episode, we look at topics like: sticking with a new objective, designing your systems for you, preparing your business to transact, and more!
Top Takeaways:
Persevering through the challenges of new endeavors - 2:00 - 3:15
Remember that everything you start is as hard as it will get

The more you do something the more you will learn and the easier it will get

If it helps you, develop a system for doing a new task and use it until you see what’s wrong with it
Creating systems that work for you - 4:00 - 5:45
As you get a few reps of a new objective done, notice what’s working and what isn’t

Turn these into a checklist or process that you can repeat to take the guesswork out

Try Kit to get lists of furniture or equipment that others are using
Building your business well before you’re thirsty - 6:15 - 7:45
You might seem on your way to your first deals, but you won’t get anywhere without trade lines

One way to accelerate the process is using net 30 to quickly build business credit

If you get this done before you start submitting applications, you’ll save time on initial failures
Resources:
kit.co
Book by Tim Ferriss: The 4-Hour Workweek
Airbnb Automated Youtube Channel
Connect With Our Sponsor, MartelTurnkey:
martelturnkey.com
Schedule a Call
[email protected]
Connect With The host, Jonathan Farber Here!
[email protected]
LinkedIn: https://www.linkedin.com/in/jonathanfarber1/
Instagram: @jonjfarb
Facebook: https://www.facebook.com/jonathan.farber.9
Facebook Group: Real Estate Mentorship Mastermind
https://www.facebook.com/groups/860025821084224/
BiggerPockets: https://www.biggerpockets.com/users/JonathanF29
Youtube: https://www.youtube.com/channel/UCB8BJ8K5ILXdfOnsDWamVqw
Schedule a time to talk: https://calendly.com/jonathan-farber/1-on-1-with-jonathan-farber-mmtr
Apply to be a guest on the podcast here: https://forms.gle/YNmALHUvDvuMWVVFA
...more
17min
February 11, 2021#173 with Josh Anderson: Building a Brokering/Investing Business With Over 70 Doors
In this episode, Jonathan Farber interviews Josh Anderson on his journey from exiting finance by getting his real estate license to building a brokering/investing combo business with over 70 doors. John is an agent, multifamily investor, and veteran based in Nashville, Tennessee. In this episode, we get into topics like: how to get started in real estate, finding the deals you want, why you need an agent in your operation, and more!
Top Takeaways:
The best way to get started in real estate today - 13:15 - 16:30
Househack a duplex or other small multifamily as your primary residence

Repeat every 18 months and fill the half that you vacate

Other strategies like Airbnb are attractive but they are often highly market dependent
Where to look for the deals in your market - 18:45 - 22:15
Depending on what you want to do with the property, you could still look on the MLS

Off market properties are much harder to come across when inventory is low

Good multifamily deals are also more frequent off market than on
The benefits of bringing an agent into your team - 23:00 - 24:30
The agent is one of the most key players in any real estate operation

Without an effective agent, your deal flow is limited to what you personally can dig up

Professional agencies can bring greater resources to bear on your side, just by volume alone
How to bring value to Josh Anderson:
Check out his Youtube channel
Resources:
Book by Gino Wickman: Rocket Fuel
Book by Gary W. Keller: The ONE Thing
reonomy.com
Social Links:
joshandersonrealestate.com/about/josh-anderson
youtube.com/user/TheAndersonGroupTN
facebook.com/NashvillesRealtor
Connect With Our Sponsor, MartelTurnkey:
martelturnkey.com
Schedule a Call
[email protected]
Connect With The host, Jonathan Farber Here!
[email protected]
LinkedIn: https://www.linkedin.com/in/jonathanfarber1/
Instagram: @jonjfarb
Facebook: https://www.facebook.com/jonathan.farber.9
Facebook Group: Real Estate Mentorship Mastermind
https://www.facebook.com/groups/860025821084224/
BiggerPockets: https://www.biggerpockets.com/users/JonathanF29
Youtube: https://www.youtube.com/channel/UCB8BJ8K5ILXdfOnsDWamVqw
Schedule a time to talk: https://calendly.com/jonathan-farber/1-on-1-with-jonathan-farber-mmtr
Apply to be a guest on the podcast here: https://forms.gle/YNmALHUvDvuMWVVFA
...more
52min
February 10, 2021#172 with Ruben Garcia: Everything You Need to Know to Get Your Real Estate License & Taking Massive Action
In this episode, Jonathan Farber interviews Ruben Garcia on his path from leaving UPS as a driver to get his real estate license to building a thriving business that harnesses the market through consulting, investing, and brokering real estate. Ruben is a real estate agent based in Fayetteville, North Carolina. In this episode, we break down topics like: finding the real estate strategy for you, how to find the right broker, commission structure on a brokered sale, and more!
Top Takeaways:
Choosing a strategy for starting in real estate - 10:00 - 12:15
If your approach doesn’t match what you want out of it, you won’t last long

A brokerage isn’t easy to start, but getting on track now will help later if you want it

For your asset type, it may just make more sense for you to find a good broker nearby
Finding a broker that will drive you forward - 13:00 - 17:00
Start at your fundamental real estate dreams

The brokerage you want is one that will help you grow the skills to use your real estate for you

The fee breakdown will directly affect your bottom line, so look closely
Breaking down the commission split on selling a property - 17:45 - 21:30
Based on market, agents get around 6% of the closing cost

The buying and listing agents then split that between them, then among each firm

Having an open discussion about fees up front helps make sure everything stays fair
How to bring value to Ruben Garcia:
Check out his PASS play real estate course
Resources:
kw.com
exprealty.com
liondesk.com
rubengarcia.exprealty.careers/
ruben-s-school-d435.thinkific.com/courses/p-a-s-s-play
Social Links:
https://www.biggerpockets.com/users/ProvenByRuben
Ruben Garcia on Youtube
@provenbyruben
Connect With Our Sponsor, MartelTurnkey:
martelturnkey.com
Schedule a Call
[email protected]
Connect With The host, Jonathan Farber Here!
[email protected]
LinkedIn: https://www.linkedin.com/in/jonathanfarber1/
Instagram: @jonjfarb
Facebook: https://www.facebook.com/jonathan.farber.9
Facebook Group: Real Estate Mentorship Mastermind
https://www.facebook.com/groups/860025821084224/
BiggerPockets: https://www.biggerpockets.com/users/JonathanF29
Youtube: https://www.youtube.com/channel/UCB8BJ8K5ILXdfOnsDWamVqw
...more
50min
February 09, 2021#171 with John Warren: Scaling to 62 Units Through Creative Financing Strategies & Growing His Real Estate Agent Business to15 Million in 2020
In this episode, Jonathan Farber interviews John Warren on his road from his first four-unit on his path to financial freedom to acquiring over 60 units across 7 deals and closing over 100 deals as an agent. John is a broker and multifamily investor based in Chicago, Illinois. In this episode, we jump into topics like: locating capital for new investors, finding the right neighborhood, scaling the way that works for you, and more!
Top Takeaways:
Finding capital when you think you have none - 8:00 - 9:30
As long as you have a job and good credit, you’re still lendable

Look at dormant assets like a HELOC or refinance on a house

You’ll still end up with a lot of work but you’ll have something under your belt
Choosing the neighborhood you’ll succeed in - 11:00 - 14:30
If you run the numbers and look for cashflow, you’re on the right track from the beginning

Keep in mind your goals and remember that the higher the return, the more work it likely takes

When you’re ready to move up, start networking with the commercial side and tap them
Understanding strategies for scaling - 17:30 - 20:00
If and when you move from residential to commercial, it should be to meet your needs

One major pull is commercial lending can be more accessible once you have a record

Even if you’re happy with your choice, keep track of your goals and be flexible
How to bring value to John Warren:
Looking to grow his brokerage JW Group
Resources:
zillow.com
cozy.co
Social Links:
biggerpockets.com/users/jwarrenbroker
secondcity-re.com/agent/john
(708) 315-7310
[email protected]
Connect With Our Sponsor, MartelTurnkey:
martelturnkey.com
Schedule a Call
[email protected]
Connect With The host, Jonathan Farber Here!
[email protected]
LinkedIn: https://www.linkedin.com/in/jonathanfarber1/
Instagram: @jonjfarb
Facebook: https://www.facebook.com/jonathan.farber.9
Facebook Group: Real Estate Mentorship Mastermind
https://www.facebook.com/groups/860025821084224/
BiggerPockets: https://www.biggerpockets.com/users/JonathanF29
Youtube: https://www.youtube.com/channel/UCB8BJ8K5ILXdfOnsDWamVqw
Schedule a time to talk: https://calendly.com/jonathan-farber/1-on-1-with-jonathan-farber-mmtr
Apply to be a guest on the podcast here: https://forms.gle/YNmALHUvDvuMWVVFA
...more
50min
February 08, 2021#170 with Tom Shallcross: Scaling to 20 Units in 2 Years While Working a Full Time Job
In this episode, Jonathan Farber interviews Tom Shallcross on his journey from stumbling into a househack to cut his commute to acquiring over 20 units in the span of two years. Tom is a flipper, investor, and dad based in Chicago, Illinois. In this episode, we dive into topics like: scaling your operation quickly, finding deal flow in expensive markets, lessons learned on the way up, and more!
Top Takeaways:
Scaling on an accelerated timeline - 9:15 - 10:30
A key factor in your scale rate is how little you can do on each property

The more bogged down you are in the details, the more time you have to spend on every deal

If you can automate your acquisitions, rehab, and operations, you’re well on your way
Generating deal flow in an expensive market - 12:30 - 13:45
Get on every list you can to maximize your exposure

Don’t be afraid to make a lot of offers, as you’ll probably only get a few

The better you understand your investing criteria, the more confident you can be in your deals
Lessons from a growing investor - 14:30 - 15:45
If you want to become an investor you have to do what investors do

Educating yourself to no end will never return the investment until you make an offer

Learn the difference between doing an activity and being productive
How to bring value to Tom Shallcross:
Check out his podcast Straight Up Chicago Investor with Mark Ainley
Resources:
Book by Dan Sullivan: Who Not How
straightupchicagoinvestor.com
Social Links:
biggerpockets.com/users/TomS219
Connect With Our Sponsor, MartelTurnkey:
martelturnkey.com
Schedule a Call
[email protected]
Connect With The host, Jonathan Farber Here!
[email protected]
LinkedIn: https://www.linkedin.com/in/jonathanfarber1/
Instagram: @jonjfarb
Facebook: https://www.facebook.com/jonathan.farber.9
Facebook Group: Real Estate Mentorship Mastermind
https://www.facebook.com/groups/860025821084224/
BiggerPockets: https://www.biggerpockets.com/users/JonathanF29
Youtube: https://www.youtube.com/channel/UCB8BJ8K5ILXdfOnsDWamVqw
Schedule a time to talk: https://calendly.com/jonathan-farber/1-on-1-with-jonathan-farber-mmtr
Apply to be a guest on the podcast here: https://forms.gle/YNmALHUvDvuMWVVFA
...more
46min

FAQs about Millennial Millionaire Real Estate Podcast:

How many episodes does Millennial Millionaire Real Estate Podcast have?

The podcast currently has 282 episodes available.

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Millennial Millionaire Real Estate Podcast

FAQs about Millennial Millionaire Real Estate Podcast:

How many episodes does Millennial Millionaire Real Estate Podcast have?

Millennial Millionaire Real Estate Podcast episodes:

FAQs about Millennial Millionaire Real Estate Podcast:

How many episodes does Millennial Millionaire Real Estate Podcast have?

More shows like Millennial Millionaire Real Estate Podcast

BiggerPockets Real Estate Podcast

Master Passive Income Real Estate Investing